Deutsche Bank Ag · XETR:DBK
Deutsche Bank — Q1 2011 Earnings Presentation
21 slides from Deutsche Bank's earnings presentation, Apr 28, 2011
Slide 1: Financial Data Supplement 1Q2011
Deutsche Bank Financial Data Supplement 1Q2011 28 April 2011
Slide 2: 1Q2011 Financial Data Supplement
1Q2011 Financial Data Supplement Deutsche Bank consolidated Page Deutsche Bank's financial data in this document have been prepared under IFRS. Financial summary 2 Consolidated Statement of Income 3 Due to rounding, numbers presented throughout this document may not Net revenues 4 add up precisely t
Slide 3: Financial summary
Financial summary 0 FY 1Q 2Q 3Q 4Q FY 1Q 1Q2011 vs. 1Q2011 vs. 2009 2010 2010 2010 2010 2010 2011 1Q2010 4Q2010 Share price at period end1 € 44.98 € 51.90 € 42.50 € 40.15 € 39.10 € 39.10 € 41.49 (20)% 6% Share price high1 € 53.05 € 53.80 € 55.11 € 51.47 € 42.93 € 55.11 € 48.70 (9)% 13 % 1 Share pric
Slide 4: Consolidated Statement of Income
Consolidated Statement of Income 0 (In EUR m.) FY 1Q 2Q 3Q 4Q FY 1Q 1Q2011 vs. 1Q2011 vs. 2009 2010 2010 2010 2010 2010 2011 1Q2010 4Q2010 Interest and similar income 26,953 6,541 8,157 6,700 7,381 28,779 8,369 28 % 13 % Interest expense 14,494 2,870 4,182 3,285 2,860 13,196 4,202 46 % 47 % Net inte
Slide 5: Net revenues - Segment view
Net revenues - Segment view1 0 (In EUR m.) FY 1Q 2Q 3Q 4Q FY 1Q 1Q2011 vs. 1Q2011 vs. 2009 2010 2010 2010 2010 2010 2011 1Q2010 4Q2010 Corporate Banking & Securities: Origination (equity) 663 116 135 120 334 706 181 56 % (46)% Origination (debt) 1,127 316 283 306 294 1,199 377 19 % 28 % Origination
Slide 6: Net interest income and net gains on financial assets/liabilities at fair value
Net interest income and net gains (losses) on financial assets/liabilities at fair value through profit or loss 0 Breakdown by Group Division/CIB product1 (In EUR m.) FY 1Q 2Q 3Q 4Q FY 1Q 1Q2011 vs. 1Q2011 vs. 2009 2010 2010 2010 2010 2010 2011 1Q2010 4Q2010 Net interest income 12,459 3,671 3,975 3,
Slide 7: Tracking of over-the-cycle RoE-Target
Tracking of over-the-cycle RoE-Target 0 (In EUR m., unless stated otherwise) FY 1Q 2Q 3Q 4Q FY 1Q 1Q2011 vs. 1Q2011 vs. 2009 2010 2010 2010 2010 2010 2011 1Q2010 4Q2010 Income (loss) before income taxes 5,202 2,793 1,524 (1,048) 707 3,975 3,021 8% N/M Less pre-tax noncontrolling interests 10 (15) (7
Slide 8: Corporate & Investment Bank
Corporate & Investment Bank 0 (In EUR m., unless stated otherwise) FY 1Q 2Q 3Q 4Q FY 1Q 1Q2011 vs. 1Q2011 vs. 2009 2010 2010 2010 2010 2010 2011 1Q2010 4Q2010 Origination (equity) 663 116 135 120 334 706 181 56 % (46)% Origination (debt) 1,127 316 283 306 294 1,199 377 19 % 28 % Origination 1,790 43
Slide 9: Corporate & Investment Bank - Corporate Banking & Securities
Corporate & Investment Bank - Corporate Banking & Securities 0 (In EUR m., unless stated otherwise) FY 1Q 2Q 3Q 4Q FY 1Q 1Q2011 vs. 1Q2011 vs. 2009 2010 2010 2010 2010 2010 2011 1Q2010 4Q2010 Origination (equity) 663 116 135 120 334 706 181 56 % (46)% Origination (debt) 1,127 316 283 306 294 1,199 3
Slide 10: Corporate & Investment Bank - Global Transaction Banking
Corporate & Investment Bank - Global Transaction Banking 0 (In EUR m., unless stated otherwise) FY 1Q 2Q 3Q 4Q FY 1Q 1Q2011 vs. 1Q2011 vs. 2009 2010 2010 2010 2010 2010 2011 1Q2010 4Q2010 Transaction services 2,609 636 862 852 873 3,223 865 36 % (1)% 1) 1) 1) Other products – – 208 – 8 216 – N/M N/M
Slide 11: Private Clients and Asset Management
Private Clients and Asset Management 0 (In EUR m., unless stated otherwise) FY 1Q 2Q 3Q 4Q FY 1Q 1Q2011 vs. 1Q2011 vs. 2009 2010 2010 2010 2010 2010 2011 1Q2010 4Q2010 Discretionary portfolio management/fund management 2,083 580 618 611 683 2,491 598 3% (12)% Advisory/brokerage 1,531 421 436 433 427
Slide 12: Private Clients and Asset Management - Asset and Wealth Management
Private Clients and Asset Management - Asset and Wealth Management 0 (In EUR m., unless stated otherwise) FY 1Q 2Q 3Q 4Q FY 1Q 1Q2011 vs. 1Q2011 vs. 2009 2010 2010 2010 2010 2010 2011 1Q2010 4Q2010 Discretionary portfolio management/fund management (AM) 1,562 392 423 435 483 1,733 416 6% (14)% Discr
Slide 13: Private Clients and Asset Management - Private & Business Clients
Private Clients and Asset Management - Private & Business Clients 0 (In EUR m., unless stated otherwise) FY 1Q 2Q 3Q 4Q FY 1Q 1Q2011 vs. 1Q2011 vs. 2009 2010 2010 2010 2010 2010 2011 1Q2010 4Q2010 Discretionary portfolio management/fund management 257 92 82 66 74 313 72 (21)% (2)% Advisory/brokerage
Slide 14: Corporate Investments │ Consolidation & Adjustments
Corporate Investments │ Consolidation & Adjustments 0 (In EUR m., unless stated otherwise) FY 1Q 2Q 3Q 4Q FY 1Q 1Q2011 vs. 1Q2011 vs. 2009 2010 2010 2010 2010 2010 2011 1Q2010 4Q2010 Corporate Investments Net revenues 1,044 220 115 (2,091) (40) (1,796) 180 (18)% N/M Provision for credit losses 8 0 (
Slide 15: Credit risk
Credit risk 0 (In EUR m., unless stated otherwise) FY 1Q 2Q 3Q 4Q FY 1Q 1Q2011 vs. 1Q2011 vs. 2009 2010 2010 2010 2010 2010 2011 1Q2010 4Q2010 Allowance for loan losses Balance, beginning of period 1,938 3,343 3,455 3,542 3,657 3,343 3,296 (1)% (10)% Provision for loan losses 2,597 267 259 381 406 1
Slide 16: Regulatory capital and market risk
Regulatory capital and market risk 0 (In EUR m., unless stated otherwise) Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, Mar 31, 2011 vs. 2009 2010 2010 2010 2010 2011 Dec 31, 2010 Regulatory capital 1 Core Tier 1 capital 23,790 21,948 22,752 20,948 29,972 31,580 5% Tier 1 capital1 34,406 32,837 34
Slide 17: Consolidated Balance Sheet - Assets
Consolidated Balance Sheet - Assets 0 (In EUR m.) Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, Mar 31, 2011 vs. 2009 2010 2010 2010 2010 2011 Dec 31, 2010 Assets: Cash and due from banks 9,346 10,010 13,437 11,989 17,157 14,338 (16)% Interest-earning deposits with banks 47,233 59,985 66,410 70,85
Slide 18: Consolidated Balance Sheet - Liabilities and total equity
Consolidated Balance Sheet - Liabilities and total equity 0 (In EUR m.) Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, Mar 31, 2011 vs. 2009 2010 2010 2010 2010 2011 Dec 31, 2010 Liabilities and equity: Deposits 344,220 366,040 411,985 398,641 533,984 533,103 (0)% Central bank funds purchased and s
Slide 19: Balance sheet leverage ratio (target definition)
Balance sheet leverage ratio (target definition) 0 (Assets and equity in EUR bn.) Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, Mar 31, 2011 vs. 2009 2010 2010 2010 2010 2011 Dec 31, 2010 Total assets (IFRS) 1,501 1,670 1,926 1,958 1,906 1,842 (3)% Adjustment for additional derivatives netting (53
Slide 20: Definition of targets and certain financial measures
Definition of targets and certain financial measures Pre-tax return on average active equity (target definition) remain unchanged. The total amount allocated continues to be determined based on the higher of the Group’s overall economic risk The Group’s over-the-cycle Pre-tax return on average activ
Slide 21: Definition of targets and certain financial measures (cont.)
Definition of targets and certain financial measures (cont.) Balance sheet leverage ratio (target definition) Cost ratios A leverage ratio is calculated by dividing total assets by total equity. Cost/income ratio: Noninterest expenses as a percentage of total We disclose an adjusted leverage ratio,