Commerzbank Ag · XETR:CBK
Commerzbank — Investor Presentation (November 2008)
26 slides from Commerzbank's investor presentation, November 2008
Slide 1: Commerzbank Financial Institutions: Partnership meets expertise
Commerzbank Financial Institutions: Partnership meets expertise Christof Gabriel Maetze Financial Institutions Frankfurt / November 2008
Slide 2: 6,000 bank clients, over 60 locations, one bank: Commerzbank
6,000 bank clients, over 60 locations, one bank: Commerzbank Moscow Minsk Dublin Amsterdam Warsaw London Hradec Králové Brussels Prague Ostrava Kiev Luxemburg Plzen Brno Košice Paris Vienna Bratislava Zurich Budapest Geneva Zagreb Milan Bucharest Belgrade Barcelona Istanbul Madrid Novosibirsk Almaty
Slide 3: Our Board of Managing Directors
Our Board of Managing Directors Commerzbank Martin Blessing Frank Annuscheit Markus Beumer Wolfgang Hartmann Dr. Achim Kassow Michael Reuther Stefan Schmittmann Dr. Eric Strutz Christof Gabriel Maetze Financial Institutions Frankfurt / November 2008 2
Slide 4: The Commerzbank Group at a glance
The Commerzbank Group at a glance General Information (1) Branches 1,604 Employees 42,893 Employees outside Germany 14,417 (1) As of September 30, 2008 Key financials (1) Balance-sheet total € 595.6 bn Risk-weighted assets according to BIS € 229.1 bn Equity € 15.3 bn Own funds € 30.3 bn Consolidated
Slide 5: Commerzbank affected by deteriorating financial markets
Commerzbank affected by deteriorating financial markets Key figures Q1-3 Q1-3 2006 2007 Comments 2007 2008 Affected by impairments and Operating profit (€ m) 2,649 2,513 2,344 444 provisions Cost/income ratio (%) 59,6 64.2 59.0 70.3 Impacted by Financial turmoil Operating RoE (%) (1) 21.8 18.7 23.2
Slide 6: Financial crisis: Direct action resulting from international capital adequacy requirements
Financial crisis: Direct action resulting from international capital adequacy requirements Increase of Commerzbank’s Tier-1 ratio to above 10% via a €8.2bn infusion by SoFFin1) Tier-1 ratio moves to 10.9% (according to IFRS) and 11.2% (according to German GAAP) based on Q3 figures Shareholder minded
Slide 7: Premises of Commerzbank
Premises of Commerzbank Increase of our mid-term Tier-1 range to 7-9% and short-term range Stability to 8-9% in order to reflect current market conditions and peer group levels Despite international recessionary scenarios we are committed to Responsibility continue Commerzbank’s role as integral par
Slide 8: Acquisition Dresdner Bank - Transaction overview
Acquisition Dresdner Bank - Transaction overview Purchase price of €8.817bn1); additional contingent deferred consideration of up to €975m Price to book value of ~1.02) Transaction in two steps, which achieves immediate control while preserving capital strength Step 1 Step 2 Acquisition of 60.2% of
Slide 9: Acquisition Dresdner Bank: Leading German retail and private bank in expansion mode
Acquisition Dresdner Bank: Leading German retail and private bank in expansion mode Clear No. 1 in German retail banking Largest German branch network Target: ~1,200 branches Commerzbank New 1,540 Creating the No. 1 Retail bank and the No. 2 Private Wealth Manager in Germany DB 986 11 million privat
Slide 10: Acquisition Dresdner Bank: Germany's leading Mittelstandsbank
Acquisition Dresdner Bank: Germany‘s leading Mittelstandsbank leveraging the successful franchise Clear No. 1 SME bank in Germany Market share leader in Germany 6% 11-13%1) Strongest customer franchise in Germany More quality relationships to German corporates 7% than any other bank Full integration
Slide 11: Acquisition Dresdner Bank: Strictly client-centric C&M business model
Acquisition Dresdner Bank: Strictly client-centric C&M business model – right sizing strategy Clear strategy for repositioning Activities tailored around core client base Leading investment banking provider to German corporates and institutions Premium provider of selected products and Focus on prod
Slide 12: Outlook
Outlook 1. Market environment remains very challenging in the next quarters 2. Commerzbank continues to invest in core franchise Dresdner acquisition has stronger strategic rationale in current markets – enables Commerzbank to 3. build on cost efficiency leadership in German banking 4. Deleveraging
Slide 13: Financial Institutions: Integral part of Mittelstandsbank
Financial Institutions: Integral part of Mittelstandsbank The new Commerzbank With focus on Germany and selected regions Private and Mittelstand Central & Eastern Corporates & Commercial Real Business Europe Markets Estate Customers Financial Institutions and Corporate Banking One of the leading Lea
Slide 14: Financial Institutions: Stable and sustainable performance
Financial Institutions: Stable and sustainable performance Mittelstandsbank: Operating profit Financial Institutions: Operating profit (in €M) (in €M) + 10% + 42% 385 54 312 280 43 263 39 38 245 35 221 232 33 205 200 29 189 27 152 129 19 16 9 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Slide 15: Consistent leadership in financial institutions services
Consistent leadership in financial institutions services Distinguished range of Clear leadership Strong client relationships products and services The leading German Long-established client Competitive products commercial bank relationships through our – Cash Services network of relationship – Trade
Slide 16: Our people are the foundation of our success
Our people are the foundation of our success Deep Expertise Experience Internationality Membership in the Well above 3,000 cumulated International staff from over International Chamber of professional years 25 nations Commerce (ICC) Task Force Long-established pioneer Speaking about Membership in th
Slide 17: Our Relationship Managers
Our Relationship Managers are the linchpin between our products and specific clients' needs Our set-up Our clients Cash Services Relationship Managers Trade Services Banking Products Market Products Client-driven organization delivers product excellence globally Christof Gabriel Maetze Financial I
Slide 18: Continuously striving for excellency in our core products
Continuously striving for excellency in our core products Cash Services Trade Services Banking Products Market Products Moving Money and Securities Financing Trade Raising Debt Hedging Risk Account Documentary collection Money Market ICLM products (1) Commercial Payments Letter of Credit – Bilateral
Slide 19: Cash Services: A leading position as entry point to the € payment market
Cash Services: A leading position as entry point to the € payment market Number of transactions In thousands 5000 4500 4000 3500 3000 2500 2000 1500 1000 500 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Payments on other banks Payments on us Quelle: Commerzbank 2008 Christof Gabriel Maet
Slide 20: Market Shares in German foreign trade
Market Shares in German foreign trade: A growing share in the financial handling of global trade Growing volume of trade transactions Growing market share for CB in Germany Transaction volume p.a. (€ Billion) Market share in % 200 18% 175 17% 150 16% 125 100 15% 75 14% 50 13% 25 0 12% 2000 2001 2002
Slide 21: Our services facilitate global trade
Our services facilitate global trade Also proactively participating in trade facilitation programs of ADB, IADB, IFC, etc. Christof Gabriel Maetze Financial Institutions Frankfurt / November 2008 20
Slide 22: Banking Products: A leading position in providing debt solutions
Banking Products: A leading position in providing debt solutions … Selected deals Banco Indusval National Bank of BIC Banco Alfa Bank Banco General Bank Zenit Multistock Fujairah USD 47,000,000 USD 90,000,000 USD 315,000,000 USD 200,000,000 USD 160,000,000 USD 218,000,000 Term Loan Facility Term Loa
Slide 23: ... is expanded further
... is expanded further Banka Celje Emirates Bank Group Transcreditbank Bank Forum Eurasian RZB Croatia EUR 85,000,000 USD 1,500,000,000 USD 87,500,000 USD 90,000,000 USD 51,500,000 EUR 250,000,000 Term Loan Facility Term Loan Facility Term Loan Facility Term Loan Facility Term Loan Facility Term Lo
Slide 24: Market Products: Our capabilities are acclaimed regularly
Market Products: Our capabilities are acclaimed regularly Selected examples: Euwax: Commerzbank came first in market share among all issuers Finanztreff.de: Winner in pricing of discount certificates Rating Agency Scope: Rating AAA, for high- capacity sales and pricing systems geldmagazin: "alternat
Slide 25: FImetrix market surveys confirm our unique global position
FImetrix market surveys confirm our unique global position as a leading financial institutions service provider North America and Western Europe Asia Pacific 2004 2006 2004 2006 (2) 1. Bank K 1. Commerzbank 1. Bank H 1. Bank F 2. Commerzbank 2. Bank B 2. Bank C 2. Bank A 3. Bank A 3. Bank A 3. Bank
Slide 26: Christof Gabriel Maetze
Christof Gabriel Maetze Head Office Global Head of Financial Institutions Kaiserplatz Frankfurt am Main Telephone: +49 (0)69 / 136-2 48 10 e-Mail: christof.maetze@commerzbank.com Postal Address 60261 Frankfurt am Main Christof Gabriel Maetze Financial Institutions Frankfurt / November 2008