Deutsche Bank Ag · XETR:DBK
Deutsche Bank — Q4 2016 Earnings Presentation
24 slides from Deutsche Bank's earnings presentation, Mar 20, 2017
Slide 1: Financial Data Supplement 4Q2016
Deutsche Bank Financial Data Supplement 4Q2016 20 March 2017
Slide 2: 4Q2016 Financial Data Supplement
4Q2016 Financial Data Supplement Due to rounding, numbers presented throughout this document may not Deutsche Bank consolidated add up precisely to the totals we provide and percentages may not Financial summary 2 precisely reflect the absolute figures. Consolidated Statement of Income 3 All segment
Slide 3: Financial summary
Financial summary 4Q2016 vs. 4Q2016 vs. FY2016 vs. FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 2Q2016 3Q2016 4Q2016 FY2016 4Q2015 3Q2016 FY2015 Key financial information Fully loaded CRR/CRD4 Leverage Ratio in %1 3.5 % 3.4 % 3.6 % 3.6 % 3.5 % 3.5 % 3.4 % 3.4 % 3.5 % 3.5 % 3.5 % 0.0 ppt 0.0 ppt
Slide 4: Consolidated Statement of Income
Consolidated Statement of Income 4Q2016 vs. 4Q2016 vs. FY2016 vs. (In EUR m.) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 2Q2016 3Q2016 4Q2016 FY2016 4Q2015 3Q2016 FY2015 Interest and similar income 25,001 6,457 6,936 6,661 5,913 25,967 6,032 6,721 6,359 6,523 25,636 (5)% (5)% (1)% Interest exp
Slide 5: Net revenues - Segment view
11 Net revenues - Segment view 4Q2016 vs. 4Q2016 vs. FY2016 vs. FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 2Q2016 3Q2016 4Q2016 FY2016 4Q2015 3Q2016 FY2015 Global Markets: Sales & Trading (equity) 3,117 1,109 1,040 632 557 3,337 751 720 603 428 2,502 (23)% (29)% (25)% Sales & Trading (debt and
Slide 6: Global Markets
Global Markets 4Q2016 vs. 4Q2016 vs. FY2016 vs. (In EUR m., unless stated otherwise) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 2Q2016 3Q2016 4Q2016 FY2016 4Q2015 3Q2016 FY2015 Sales & Trading (equity) 3,117 1,109 1,040 632 557 3,337 751 720 603 428 2,502 (23)% (29)% (25)% Sales & Trading (deb
Slide 7: Corporate & Investment Banking
Corporate & Investment Banking 4Q2016 vs. 4Q2016 vs. FY2016 vs. (In EUR m., unless stated otherwise) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 2Q2016 3Q2016 4Q2016 FY2016 4Q2015 3Q2016 FY2015 Trade Finance & Cash Management Corporates 2,611 701 677 713 711 2,803 657 635 690 645 2,627 (9)% (6)
Slide 8: Private, Wealth & Commercial Clients
Private, Wealth & Commercial Clients 4Q2016 vs. 4Q2016 vs. FY2016 vs. (In EUR m., unless stated otherwise) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 2Q2016 3Q2016 4Q2016 FY2016 4Q2015 3Q2016 FY2015 Credit products 2,043 537 528 540 542 2,148 537 561 570 555 2,223 2% (3)% 3% Deposit products 1
Slide 9: Deutsche Asset Management
Deutsche Asset Management 4Q2016 vs. 4Q2016 vs. FY2016 vs. (In EUR m., unless stated otherwise) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 2Q2016 3Q2016 4Q2016 FY2016 4Q2015 3Q2016 FY2015 Management Fees 1,988 624 552 583 586 2,344 542 540 550 564 2,196 (4)% 3% (6)% Performance & Transaction F
Slide 10: Postbank
Postbank 4Q2016 vs. 4Q2016 vs. FY2016 vs. (In EUR m., unless stated otherwise) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 2Q2016 3Q2016 4Q2016 FY2016 4Q2015 3Q2016 FY2015 Current Accounts 1,281 301 296 295 286 1,179 282 273 267 279 1,101 (2)% 5% (7)% Loans 912 276 274 290 271 1,112 283 276 278
Slide 11: Non-Core Operations Unit
Non-Core Operations Unit 4Q2016 vs. 4Q2016 vs. FY2016 vs. (In EUR m., unless stated otherwise) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 2Q2016 3Q2016 4Q2016 FY2016 4Q2015 3Q2016 FY2015 Total net revenues 489 395 223 236 (60) 794 16 (349) (191) 142 (382) N/M N/M N/M Provision for credit losse
Slide 12: Consolidation & Adjustments
Consolidation & Adjustments 4Q2016 vs. 4Q2016 vs. FY2016 vs. (In EUR m., unless stated otherwise) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 2Q2016 3Q2016 4Q2016 FY2016 4Q2015 3Q2016 FY2015 Total net revenues (26) 480 (206) (158) 69 184 123 (45) (209) (348) (479) N/M 66 % N/M Provision for cre
Slide 13: Credit risk
Credit risk 4Q2016 vs. 4Q2016 vs. FY2016 vs. (In EUR m., unless stated otherwise) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 2Q2016 3Q2016 4Q2016 FY2016 4Q2015 3Q2016 FY2015 Allowance for loan losses Balance, beginning of period 5,589 5,212 5,315 5,039 4,897 5,212 5,028 4,644 4,476 4,562 5,028
Slide 14: Regulatory capital
Regulatory capital Dec 31, 2016 vs. (In EUR m., unless stated otherwise) Dec 31, 2014 Mar 31, 2015 Jun 30, 2015 Sep 30, 2015 Dec 31, 2015 Mar 31, 2016 Jun 30, 2016 Sep 30, 2016 Dec 31, 2016 Dec 31, 2015 CRR/CRD 4 CRR/CRD 4 CRR/CRD 4 CRR/CRD 4 CRR/CRD 4 CRR/CRD 4 CRR/CRD 4 CRR/CRD 4 CRR/CRD 4 Regulat
Slide 15: Consolidated Balance Sheet - Assets
Consolidated Balance Sheet - Assets Dec 31, 2016 vs. (In EUR m., unless stated otherwise) Dec 31, 2014 Mar 31, 2015 Jun 30, 2015 Sep 30, 2015 Dec 31, 2015 Mar 31, 2016 Jun 30, 2016 Sep 30, 2016 Dec 31, 2016 Dec 31, 2015 Assets: Cash and central bank balances 74,482 82,777 80,499 91,221 96,940 113,04
Slide 16: Consolidated Balance Sheet - Liabilities and total equity
Consolidated Balance Sheet - Liabilities and total equity Dec 31, 2016 vs. (In EUR m., unless stated otherwise) Dec 31, 2014 Mar 31, 2015 Jun 30, 2015 Sep 30, 2015 Dec 31, 2015 Mar 31, 2016 Jun 30, 2016 Sep 30, 2016 Dec 31, 2016 Dec 31, 2015 Liabilities and equity: Non-interest bearing deposits 160,
Slide 17: Leverage ratio measures
Leverage ratio measures Dec 31, 2016 vs. (In EUR bn., unless stated otherwise) Dec 31, 2014 Mar 31, 2015 Jun 30, 2015 Sep 30, 2015 Dec 31, 2015 Mar 31, 2016 Jun 30, 2016 Sep 30, 2016 Dec 31, 2016 Dec 31, 2015 Total assets 1,709 1,955 1,694 1,719 1,629 1,741 1,803 1,689 1,591 (2)% Changes from IFRS t
Slide 18: Non-GAAP financial measures (1/3)
Non-GAAP financial measures (1/3) 4Q2016 vs. 4Q2016 vs. FY2016 vs. (In EUR m., unless stated otherwise) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 2Q2016 3Q2016 4Q2016 FY2016 4Q2015 3Q2016 FY2015 Global Markets: Income (loss) before income taxes (IBIT) 1,843 42 1,083 (1,989) (954) (1,817) 395
Slide 19: Non-GAAP financial measures (2/3)
Non-GAAP financial measures (2/3) 4Q2016 vs. 4Q2016 vs. FY2016 vs. (In EUR m., unless stated otherwise) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 2Q2016 3Q2016 4Q2016 FY2016 4Q2015 3Q2016 FY2015 Deutsche Asset Management: Income (loss) before income taxes (IBIT) 674 103 266 142 173 684 162 17
Slide 20: Non-GAAP financial measures (3/3)
Non-GAAP financial measures (3/3) 4Q2016 vs. 4Q2016 vs. FY2016 vs. (In EUR m., unless stated otherwise) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 2Q2016 3Q2016 4Q2016 FY2016 4Q2015 3Q2016 FY2015 Consolidation & Adjustments: Income (loss) before income taxes (IBIT) (236) 413 (418) (255) (510)
Slide 21: Definition of certain financial measures (1/3)
Definition of certain financial measures (1/3) Non-GAAP Financial Measures Our Strategy 2020 capital targets are on a fully loaded basis. This document and other documents the Group has published or may publish As the final implementation of CRR/CRD 4 may differ from our expectations, and contain no
Slide 22: Definition of certain financial measures (2/3)
Definition of certain financial measures (2/3) Return on Equity Ratios (cont’d) Adjusted Costs The Group believes that a presentation of average tangible shareholders’ equity Adjusted costs is one of the key performance indicators outlined in Strategy makes comparisons to its competitors easier, and
Slide 23: Definition of certain financial measures (3/3)
Definition of certain financial measures (3/3) Cost ratios Cost/income ratio: Noninterest expenses as a percentage of total net revenues, which are defined as net interest income before provision for credit losses plus noninterest income. Compensation ratio: Compensation and benefits as a percentage
Slide 24: Footnotes
Footnotes 1. Based on current CRR/CRD 4 rules (including amendments with regard to leverage 13. Segment assets represent consolidated view, i.e. the amounts do not include ratio of Commission Delegated Regulation (EU) 2015/62 published in the Official intersegment balances (except for Central Liquid