Danske Bank A/S · OMXCOP:DANSKE
Danske Bank A/S — Shareholder Meeting (2019)
19 slides from Danske Bank A/S's shareholder meeting presentation, Apr 21, 2019
Slide 1: Welcome to the annual general meeting 2019
Welcome to the annual general meeting 2019
Slide 2: 2018 was a challenging year for Danske Bank
2018 was a challenging year for Danske Bank
Slide 3: Money laundering case attracted attention
Money laundering case attracted attention
Slide 4: Consequences of the case
Consequences of the case Banking activities in Consequences for Estonia, Latvia, management and staff Lithuania and Russia to be closed down Danske Bank under Foundation to combat investigation by money laundering and Danish, Estonian, US other financial crime and French authorities to be set up
Slide 5: We increase our efforts
We increase our efforts General strengthening of anti-money laundering setup at Group level Broad cooperation within as well as outside the financial sector
Slide 6: General fall in customer satisfaction
General fall in customer satisfaction On target Below target Retail customers Commercial customers Corporates & Institutions Wealth Management
Slide 7: Net profit down to DKK 15 billion
Net profit down to DKK 15 billion DKK millions 2018 2017 Index Net interest income 23,571 23,806 99 Net fee income 15,402 15,664 98 Net trading income 4,676 7,087 66 Other income 716 1,591 45 Total income 44,365 48,149 92 Operating expenses 25,011 22,722 110 Profit before loan impairment charges 19,
Slide 8: Focus on partnerships and innovation
Focus on partnerships and innovation New five-year Danske agreement on the Spiir Bolig Fri Dankort payment Danish fintech card Cooperation with +impact Tryg platform for Forsikring Finnish entrepreneurs cooperation on TomorrowTech targeting start-ups innovative insurance on new digital focusing on t
Slide 9: Business unit performance
Business unit performance DKK millions Banking DK Banking Nordic Corporates & Wealth Northern Ireland Institutions Management 2018 +/- 2018 +/- 2018 +/- 2018 +/- 2018 +/- Lending +1% +5% -1% +4% +8% Total 13,442 – 10,512 -1% 9,289 -22% 7,950 -7% 1,978 +1% income Operating 6,860 +2% 5,029 -3% 4,689 -
Slide 10: Danske Bank is well-capitalised
Danske Bank is well-capitalised CET1 capital ratio Total capital ratio 20 24 18 22 20 16 18 14 16.3% 17.6% 17.0% 21.8% 22.6% 21.3% 16 12 14 10 12 8 10 8 6 6 4 4 2 2 0 0 2016 2017 2018 2016 2017 2018
Slide 11: Dividend payout
Dividend payout Proposed dividend of 8.5 kroner per share – corresponding to 51% of net profit for the year No share buy-back programme in 2019 Long-term target to be in the top three in our Nordic peer group in terms of return on shareholders’ equity
Slide 12: New strategy sets ambitions for value creation
New strategy sets ambitions for value creation
Slide 13: Financial outlook for 2019
Financial outlook for 2019 Net interest income is Net fee income is expected to be at around expected to be higher the level in 2018 Expenses are expected to Loan impairments are be at around the level in expected to be higher 2018 We expect net profit for 2019 to be in the range of DKK 14-16 billio
Slide 14: Focus areas for the Board of Directors
Focus areas for the Board of Directors Rebuilding trust Execution of the strategy AML and compliance
Slide 15: Changes in the Board of Directors
Changes in the Board of Directors Christian Sagild Gerrit Zalm Bente Avnung Landsnes
Slide 16: Executive Board
Executive Board Jesper Nielsen Carsten Egeriis Christian Baltzer Frederik G. Vinten Glenn Söderholm Interim CEO Head of Group Risk Head of CFO Area Head of Group Head of Banking Nordic Management Development Henriette Ellekrog Jacob Aarup-Andersen Jakob Groot Jim Ditmore Philippe Vollot Head of Grou
Slide 17: Remuneration of the Executive Board
Remuneration of the Executive Board The remuneration level is assessed annually The Board of Directors believes that the level of remuneration is well-balanced The Executive Board has decided to waive any bonus payments for 2018
Slide 18: An important part of the Nordic societies for almost 150 years
An important part of the Nordic societies for almost 150 years
Slide 19: Disclaimer
Disclaimer Important Notice This presentation does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire securities of Danske Bank A/S in any jurisdiction, including the United States, or an inducement to enter into