Deutsche Bank AG · XETR:DBK
Deutsche Bank — Shareholder Meeting (May 2016)
24 slides from Deutsche Bank's shareholder meeting presentation, May 19, 2016
Slide 1: Deutsche Bank AG Annual General Meeting 2016
Deutsche Bank Deutsche Bank AG Annual General Meeting 2016 Jürgen Fitschen and John Cryan Co-Chief Executive Officers Frankfurt, 19 May 2016 0
Slide 2: Despite a challenging market environment, we achieved several key milestones
Despite a challenging market environment, we achieved several key milestones Volatile markets and Increasing regulatory Milestones 2015 geopolitical tensions requirements Stable operating performance achieved Additional litigation cases settled Strategy 2020 implementation successfully initiated New
Slide 3: Our 2015 results have been significantly impacted by multiple one-off items
Our 2015 results have been significantly impacted by multiple one-off items... In EUR bn +1.0 6.6 5.6 (5.2) (5.8) (0.7) (1.0) (0.7) (6.8) Income Year-over- Income Litigation Write Restruc- Tax Net income before tax year change(1) before tax charges downs and turing 2015 (2) and one-off and one-off i
Slide 4: … and affected our capital position and balance sheet
… and affected our capital position and balance sheet In EUR bn Risk-weighted assets (RWA) Leverage exposure 11.7% Common Equity Tier 1 ratio(1) 11.1% 3.5% Leverage ratio(1) 3.5% 397 1,445 394 1,395 +14 (130) (11) +79 31 Dec 2014 Reduction FX-effect 31 Dec 2015 31 Dec 2014 Reduction FX-effect 31 Dec
Slide 5: We achieved solid revenue performance in our core business divisions
We achieved solid revenue performance in our core business divisions Revenues, in EUR bn 8.9 (7%) PBC(1) 9.6 5.4 +15% AWM 4.7 4.6 +12% GTB 4.1 CB&S 13.6 14.2 +4% 2014 2015 (1) PBC revenues in 2015 include impairment and other transaction-related valuation effects of EUR 0.7bn related to our stake in
Slide 6: We have aligned our core business divisions to our clients
We have aligned our core business divisions to our clients Previous setup of core business divisions New setup Sales & Trading Global Markets Corporate Banking & Securities (CB&S) Corporate Finance Corporate & Investment Banking Global Transaction Global Transaction Banking Banking (GTB) Private & B
Slide 7: All core business divisions and functions are directly represented in our new leadership team
All core business divisions and functions are directly represented in our new leadership team John Cryan Jürgen Fitschen Co-Chief Executive Officer Co-Chief Executive Officer(1) Kim Hammonds Stuart Lewis Sylvie Matherat Chief Operating Officer(2) Chief Risk Officer Chief Regulatory Officer Quintin P
Slide 8: We are very proud of our strong global network
We are very proud of our strong global network Sharpening of our global footprint Example APAC: Strong regional presence Local branches Regional hubs Committed to serving our clients with our global product and service offerings Tokyo Hong Kong Mumbai Focusing our “onshore activities” including retr
Slide 9: Deutsche Bank – One bank for Germany
Deutsche Bank – One bank for Germany Positioning in our home-market No. 1 for transaction advisory – ~8m particularly for large Private clients corporates Hamburg Berlin Duesseldorf No. 1 Cologne Market leader Cross-divisional for Euro-clearing in Wealth set-up Management Frankfurt PW&CC CIB Stuttga
Slide 10: We are committed to our values and beliefs
We are committed to our values and beliefs Deutsche Bank Annual General Meeting 2016 9
Slide 11: Examples of our corporate responsibility
Examples of our corporate responsibility Our commitment for climate Limiting environmental and Corporate citizenship protection social risks Deutsche Bank Annual General Meeting 2016 10
Slide 12: Deutsche Bank AG Annual General Meeting 2016
Deutsche Bank Deutsche Bank AG Annual General Meeting 2016 Frankfurt, 19 May 2016 Deutsche Bank Annual General Meeting 2016
Slide 13: Strategy 2020: A better Deutsche Bank
Strategy 2020: A better Deutsche Bank Strategic targets Financial targets 2018 2020 Common Equity 12.5% A better Tier 1 ratio Deutsche Bank Leverage ratio 4.5% 5.0% Post-tax return on >10% Simpler and Less Better tangible equity(1) more efficient risky capitalised Dividend per share Competitive payo
Slide 14: Simpler and more efficient: How we are going to achieve cost reduction
Simpler and more efficient: How we are going to achieve cost reduction Target: Reduction of adjusted cost base Key execution achievements In EUR bn Improved our IT 26.5 Disposals(1) ~3.5 <22.0 Adapted our regional set-up ~23.0 Optimised our legal entity structure 2015 2018 (1) Cost base relating to
Slide 15: Simpler and more efficient: We have made progress towards a better IT infrastructure
Simpler and more efficient: We have made progress towards a better IT infrastructure IT stability 99.98% system uptime achieved In-source critical functions Internalisation in progress globally Application simplification 500 applications decommissioned(1) 14 Vendor rationalisation 700 vendors off-bo
Slide 16: Less risky: We are prepared to address pending litigation cases
Less risky: We are prepared to address pending litigation cases and continue to improve our control environment Litigation reserves and contingent liabilities Continued improvements 31 March 2016, in EUR bn Strengthened our control framework, in 5.4 particular anti-financial crime (AFC) and anti-mon
Slide 17: Better capitalised: We are quickly winding-down our non-core activities in NCOU
Better capitalised: We are quickly winding-down our non-core activities in NCOU Target: Accelerate wind-down to end of 2016 Recent achievements Risk-weighted assets, in EUR bn Successfully reduced risk exposure to monolines and credit correlation 142 (78)% Materially completed reduction of municipal
Slide 18: Strategy 2020: Our 1Q16 results were characterised by a difficult market environment
Strategy 2020: Our 1Q16 results were characterised by a difficult market environment 1Q2016 vs. 1Q2016 1Q2015 In EUR bn 1Q2015 Revenues 8.1 10.4 (22)% Provisions for credit losses (0.3) (0.2) 40% Noninterest expenses (7.2) (8.7) (17)% therein: Adjusted costs (6.7) (6.9) (4)% Restructuring and severa
Slide 19: In Corporate and Investment Banking, we have combined Corporate Finance and Transaction Banking
In Corporate and Investment Banking, we have combined Corporate Finance and Transaction Banking Integration of CIB Priorities for the next 3-5 years Corporate and Investment Banking Focus on top-tier clients (CIB) Growth Investments in platforms, new products and digital Global Corporate Transaction
Slide 20: In Global Markets, we stand for a focused and client-oriented business
In Global Markets, we stand for a focused and client- oriented business driving sustainable profitability Key execution achievements to date Priorities for the next 3-5 years Broadening and deepening relationships with our top-tier clients Significant balance sheet Offering the most appropriate redu
Slide 21: Deutsche Asset Management offers a diversified product range and is globally present
Deutsche Asset Management offers a diversified product range and is globally present with European roots Strong inflows in ETF business Priorities for the next 3-5 years Top 10 Asset Managers in ETF inflows 2015, in EUR bn Further expansion of ETF offering Growth Strengthening of our Alternatives 95
Slide 22: In Private, Wealth & Commercial Clients, we want to offer a first-class banking experience
In Private, Wealth & Commercial Clients, we want to offer a first-class banking experience at all times Omni-channel strategy Priorities for the next 3-5 years New client-oriented set-up Branch network Online and mobile Increase market share in target Growth customer segments Further investments in
Slide 23: A better Deutsche Bank makes us a bank...
A better Deutsche Bank makes us a bank... ... that clients can trust … that reflects its heritage and responsibility … that provides clients with easy access to the financial world through its innovative solutions … that generates sustainable profitability and reliably pays out dividends … whose emp
Slide 24: 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