Deutsche Bank Ag · XETR:DBK
Deutsche Bank — Deutsche Bank Aktiengesellschaft — BofA Merrill Lynch Global Financial Services Conference 2018
16 slides from Deutsche Bank's conference presentation, May 30, 2018
Slide 1: Christian Sewing - Chief Executive Officer
Exhibit 98.1 Christian Sewing - Chief Executive Officer OB Global Financial Services Conference, New York, 29 May 2018
Slide 2: DB Group: A materially safer and more secure institution
(1) 2007 ratio includes hybrid instruments as the definition of CET1 ratio did not exist under the previous Basel regime DB Group: A materially safer and more secure institution In EUR bn, unless stated otherwise 2007 1Q 2018 Liquidity reserves 65 279 Level 3 assets 88 22 Total assets (IFRS) 2,020 1
Slide 3: DB Group: Market risk at historically low levels
DB Group: Market risk at historically low levels In EUR m, unless stated otherwise (1) VaR converted to 1 day, 99% confidence interval. DB’s VaR numbers are at CB&S level for 2015, at GM level from January 2016, and at CIB level from May 2017 onwards (2) Group level VaR for GS and CS; Trading VaR fo
Slide 4: DB Group: Best-in-class credit risk
Loan loss provisions as a % of gross loans, in bps as of 31 March 2018 DB Group: Best-in-class credit risk 4.74x Net credit loss provisions versus peers, in bps 19 DB 2017 96 Peak 39 2007-17 Avg. 68 US peers 574 179 13
Slide 5: DB Group: Shifting towards a more stable revenue base
DB Group: Shifting towards a more stable revenue base PCB and DWS to execute on communicated strategies Delivering on PCB and DWS 1 Corporate & Investment Bank to adapt to changed market conditions and focus on core strengths Re-shaping CIB 2 Reducing cost Cut costs further through a series of tacti
Slide 6: PCB: Delivering in the Private & Commercial Bank
PCB: Delivering in the Private & Commercial Bank Key initiatives and achievements 3_84 51_84 Objective Targeted synergies PCC International Portugal & Poland: Sale agreements reached Italy & Spain: Refocused strategy Wealth Management Consolidation of booking centers, finalise Sal. Oppenheim integra
Slide 7: DWS: Delivering in DWS
DWS: Delivering in DWS (1) (1) SQI – Systematic & Quant investments (2) Aggregate asset-weighted gross outperformance of Active and Alternatives products that have benchmark spreads available over respective periods (Active and Liquid Real Assets as of Mar 31, 2018 and Direct Real Estate and Other A
Slide 8: CIB: Shifting the Corporate & Investment Bank to its core strengths
CIB: Shifting the Corporate & Investment Bank to its core strengths Scaled global payments infrastructure #1 global Euro clearer(1) Leading FX capability Top 3 in global FX(2) Excellent debt financing capabilities Top 3 in global structured finance(2) Leading global platform in structured equities /
Slide 9: CIB: Reshaping the Corporate & Investment Bank
CIB: Reshaping the Corporate & Investment Bank Cut leverage exposure by 10% or ~ EUR 100bn by end of 2019, with the majority completed in 2018 Decrease adjusted costs by more than ~ EUR 1bn by 2019 2 Sharpen focus in Equities Sales & Trading Deepen existing, profitable client relationships Optimize
Slide 10: CIB: Sharpening focus in Equities Sales & Trading
CIB: Sharpening focus in Equities Sales & Trading 25% headcount reduction in Equities in 2018 with accompanying cuts to infrastructure 25% (EUR 50 bn) reduction in Prime Finance balances 2 Global Equity Trading Optimisation of high-touch service model with significant headcount reduction Focus on gr
Slide 11: CIB: A resilient franchise
CIB: A resilient franchise 2 Global Transaction Banking FIC Sales & Trading Origination & Advisory Equities Sales & Trading DB market share 2019 vs 2017 Market outlook Interest rates (US / EU) Global trade volumes Higher Volatility Interest rate level & divergence (US / EU) Cont. demand for fin. pro
Slide 12: DB Group: Reducing costs
DB Group: Reducing costs In EUR bn, unless stated otherwise (1) Adj. costs are calculated by deducting from noninterest expenses under IFRS (i) impairment of goodwill and other intangible assets, (ii) litigation, (iii) policyholder benefits and claims and (iv) restructuring & severance 3 Adjusted co
Slide 13: DB Group: Making progress on strategic cost initiatives
DB Group: Making progress on strategic cost initiatives In EUR bn, unless stated otherwise 3 Implement hiring freeze in functions above year-end expense target People costs Technology costs Cost of controls Manage inflation in DB compensation Wave 1 focus on the KYC process Simplification of divisio
Slide 14: DB Group: Reducing headcount
DB Group: Reducing headcount In thousand <90 3 Full-time equivalents
Slide 15: DB Group: Shifting towards a more stable revenue profile
Ø DB Group: Shifting towards a more stable revenue profile In EUR bn Corporate & Investment Bank (ex. GTB) Global Transaction Banking (GTB) Private & Commercial Bank and DWS Stable businesses as a % of group revenues: 41% 56% ~65% Note: 2007 as reported in 2007 structure 4 Net revenues
Slide 16: 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