Deutsche Bank Ag · XETR:DBK
Deutsche Bank — Merger or Acquisition (January 2009)
8 slides from Deutsche Bank's merger presentation, Jan 14, 2009
Slide 1: Postbank: Restructuring of transaction
Postbank Restructuring of transaction Frankfurt, 14 January 2009
Slide 2: Summary
Summary Reconfirmation of Deutsche Bank’s high strategic interest in Deutsche Postbank Rationale of Reduced initial capital consumption from EUR 2.2 bn to expected EUR 1.0 bn restructuring New transaction structure increases flexibility for Deutsche Bank Acquisition of initial tranche of 22.
Slide 3: Postbank shareholder structure before and after transaction
Postbank’s Postbank s shareholder structure before and after transaction Current Postbank shareholder structure Restructured transaction Shares Stake Shares Stake Stake of Deutsche Post A Initial tranche 50.0m 22.9% 82 0m 82.0m 37 5% 37.5% pre-capital increase Take-up Deutsche Post B Mandatory excha
Slide 4: Instruments of the new transaction structure
Instruments of the new transaction structure Acquisition of 50 million Postbank shares expected against issuance of 50 million new DB shares (contribution in kind) with a volume of EUR 1.1 bn using existing authorized capital A Initial tranche Deutsche Post will become Deutsche Bank’s Bank s lar
Slide 5: Timeline of the new transaction structure
Timeline of the new transaction structure Transfer of Postbank shares to DB Closing Year 1 Year 2 Year 3 Year 4 1Q09 Initial tranche 50 million A Postbank (22.9%) shares B Mandatory exchangeable 60 million (27.4%) Postbank shares 26.4 C Put / call option million (12.1%) Postbank shares Right of Firs
Slide 6: Ownership structure after closing of initial tranche
Ownership structure after closing of initial tranche Free float ~8.1% 22.9% 39.5% 37.7% Note: Numbers may not add up due to rounding Investor Relations 01/09 · 6
Slide 7: Tier 1 capital consumption
Tier 1 capital consumption In EUR bn Previous structure(1) New structure(2) (1.2) 0.4 0.4 0.4 (1.1) 0.8 2.2 2.0 14 1.4 1.0 0.8 Initial Put/call Postbank Net tier 1 Initial Mandatory Put/call Total tier 1 DB Net tier 1 tranche option capital consump- tranche Exchang. option consump- capital consump-
Slide 8: Cautionary statements
Cautionary statements This presentation contains forward-looking statements. Forward-looking statements are statements that are not historical f t they facts; th i l d statements include t t t about b t our beliefs b li f and d expectations t ti and d the th assumptions ti underlying d l i th them.