Dws Group Gmbh & Co. Kgaa · XETR:DWS
Dws Group Gmbh & Co. Kgaa — DWS Group — Investor Day (December 2020)
15 slides from Dws Group Gmbh & Co. Kgaa's investor day presentation, Dec 9, 2020
Slide 1: DB Investor Deep Dive: DWS Update
DB INVESTOR DEEP DIVE DWS UPDATE Dr Asoka Woehrmann, Chief Executive Officer December 09, 2020
Slide 2: DWS Group at a Glance
DWS GROUP AT A GLANCE A diversified business model Global reach, ~900 ~3,500 € 759bn 23 +60 years 1 deep roots in Investment Employees Assets under Countries Experience in Global Europe professionals Management Active Platform GERMANY EUROPE GLOBAL Market position #1 #2 #2 #5 #3 Retail AM1 AM by ETF
Slide 3: Our Corporate Journey
OUR CORPORATE JOURNEY Leverage the momentum by increasing our ambitions PHASE 2: 2021 and beyond PHASE 1: Post-IPO Dec 2020 _ Manage increasing industry Investor challenges Strategy & organizational re- Update definement _ Build on strengths for focused growth March 2018 Turnaround in flows IPO
Slide 4: AuM and Flows
AUM AND FLOWS Strong net flow contribution supports AuM increase AUM (€BN) NET FLOWS (€BN) 10% 10% AuM increase since 29% Q3 2018 driven by 752 759 17 13 positive net flows of 692 €36bn and market performance of €38bn (15) Flows increased by 29% 9M-18 9M-19 9M-20 9M-18 9M-19 9M-20 y-o-y reaching
Slide 5: Strong Financial Performance Since IPO
STRONG FINANCIAL PERFORMANCE SINCE IPO Significant profit growth achieved ADJUSTED REVENUES & ADJUSTED COSTS (€M) PBT growth of 25% achieved Adjusted revenues Adjusted costs1 despite industry wide fee margin (16)% 1,710 1,702 1,632 pressure 1,244 1,194 1,049 Tight cost management resulted in alm
Slide 6: Recap 2020
RECAP 2020 A remarkable year of change & operational strength – despite Covid-19 KEY ACHIEVEMENTS 9M 2020 Business Strategic ESG performance developments Strategy Net flows of ~€17bn ahead Organizational structure Group Sustainability Office of last year and positive reshaped established acros
Slide 7: Industry View – Challenging Market Environment
INDUSTRY VIEW – CHALLENGING MARKET ENVIRONMENT Acceleration of the “push out of the comfort zone” in light of COVID-19 INDUSTRY CHALLENGES SECULAR MARGIN TECH LICENSE TO STAGNATION EROSION REVOLUTION OPERATE TRANSFORM Strong Moderate GROW acceleration acceleration through Covid-19 through Covid-19 L
Slide 8: Transform Key Levers of DWS
TRANSFORM KEY LEVERS OF DWS Providing the foundation for growth – becoming a stand-alone asset manager CORE Asset management dedicated, TRANSFORM PLATFORM standalone infrastructure platform GROW NEW Integrate artificial intelligence into the TECHNOLOGY way we operate, improving processes LEAD Establ
Slide 9: Investing into Targeted Growth
INVESTING INTO TARGETED GROWTH Building on strengths, existing expertise and client demand FOCUSED Selective investments in high margin TRANSFORM STRATEGIES growth areas and scale in Passive GROW CLIENT Leverage our existing partnerships, and EXPANSION capture growth opportunities in Asia LEAD Focus
Slide 10: Take a Leading Position
TAKE A LEADING POSITION Actively shaping our future by being bold and decisive ESG first: investment process, product TRANSFORM ESG innovation, corporate actions Build on existing platform with GROW PASSIVE competitive position, become leading European Asset Manager LEAD Leverage strong home-market
Slide 11: Outlook for Our Clients' Future
OUTLOOK Leverage the momentum by increasing our ambitions FOCUS 2021 MISSION TRANSFORM ENTRUSTED TO BUILD WE ARE THE BEST FOUNDATION GROW INVESTORS FOR OUR CLIENTS’ FUTURE LEAD 1 % of BoP AuM Dr Asoka Woehrmann / 11 Investor Deep Dive, December 09, 2020 _
Slide 12: Appendix
APPENDIX
Slide 13: On Track to Reach Medium-Term Targets Early
ON TRACK TO REACH MEDIUM-TERM TARGETS EARLY Now it is time to move ahead further TARGETS FY 2019 9M 2020 Target 2021 Adjusted 67.6% 64.3% <65% CIR 3-5% on Net flows 3.9% 2.9% average in the medium term1 € Dividend pay-out ratio 65% 65% to 75% 1 % of BoP AuM Dr Asoka Woehrmann / 13 Investor Deep Dive
Slide 14: Dedicated ESG AuM Projection
DEDICATED ESG AUM PROJECTION Strong ESG AuM growth AuM in dedicated ESG funds (€bn) Four objectives of DWS-wide sustainability strategy: Make ESG the core of what we do Strengthen ESG integration in the investment Strategy process Develop market leading products +31%1 80.9 Lead and engage to
Slide 15: Cautionary Statements
CAUTIONARY STATEMENTS This presentation contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and pro