Deutsche Bank AG · XETR:DBK
Deutsche Bank — Shareholder Meeting (May 2009)
19 slides from Deutsche Bank's shareholder meeting presentation, May 26, 2009
Slide 1: Dr. Josef Ackermann, Chairman of the Management Board
Deutsche Bank Dr. Josef Ackermann Chairman of the Management Board Frankfurt, 26 May 2009
Slide 2: Financial crisis: Equity indices and volatility
Financial crisis: Equity indices and volatility Equity indices Volatility Indexed: 29 May 2008 = 100 Volatility indices 120 100 Lehman Lehman default default 100 80 80 DAX (30)% VIX Index 60 60 (36)% S&P 500 (47)% 40 40 VDAX Index DJ Stoxx Banks 20 20 0 0 29 May 08 1 Jan 09 22 May 09 29 May 08 1 Jan
Slide 3: Central bank interventions and liquidity
Central bank interventions and liquidity Interventions of central banks Liquidity situation Key interest rates(1), in % 3 month Euribor(2) - 3 month Eonia(3), in % UK Lehman default 2.0 Lehman 5.0 default 4.0 1.5 Europe 3.0 1.0 2.0 U.S. 0.5 1.0 0.0 0.0 29 May 08 1 Jan 09 22 May 09 29 May 08 1 Jan 09
Slide 4: Results 2008
Results 2008 In EUR bn Group CIB PCAM Net income Income before income taxes Income before income taxes 6.5 6.1 6.1 2.1 5.1 1.9 3.5 4.3 2.5 3.5 2.8 1.5 1.4 1.4 1.2 0.4 (3.9) (7.4) „03 „04 „05 „06 „07 „08 „03 „04 „05 „06 „07 „08 „03 „04 „05 „06 „07 „08 Note: 2003-2005 based on U.S. GAAP, from 2006 onw
Slide 5: Dividend for our shareholders
Dividend for our shareholders Dividend per share, in EUR 4.50 4.00 2.50 1.70 1.50 0.50 2003 2004 2005 2006 2007 2008 Recommended Press and Media Relations 05/09 · 5
Slide 6: Revenues in the first quarter 2009
Revenues in the first quarter 2009 Significant property impairment In EUR bn Mark-downs 0.1 0.5 1.0 2.2 3.2 2.3 9.6 1.2 8.8 7.3 7.2 5.1 4.6 5.4 4.4 (0.9) * 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2007 2008 2009 * Includes EUR 0.9 bn of mark-downs Press and Media Relations 05/09 · 6
Slide 7: Intrinsic capital strength in peer context
Intrinsic capital strength in peer context Impact of state capital injections Tier 1 ratio as of 31 March 2009, in % Tier 1 ratio excluding state capital injections 16.7 16.0 14.1 11.9 11.4 10.5 10.2 10.1 8.8 8.7 8.6 13.2 13.4 9.3 8.4 6.8 7.4 7.8 7.7 (2) Morgan Goldman Credit Citi JPMorgan UBS DB Ba
Slide 8: Pre-tax results by segment
Pre-tax results by segment In EUR m Corporate Banking & Securities Global Transaction Banking 1,323 250 221 -1,604 1Q2008 1Q2009 1Q2008 1Q2009 Asset and Wealth Management Private & Business Clients 188 304 206 -173 1Q2008 1Q2009 1Q2008 1Q2009 Press and Media Relations 05/09 · 8
Slide 9: Deutsche Bank share price performance in 2009
Deutsche Bank share price performance in 2009 In EUR(1) Indexed: 1 Jan 2009 = 100 180 70% 160 140 120 2% 100 (2)% 80 60 International 40 peers(2) 20 01/01/2009 1 Jan 01/02/2009 31 Jan 01/03/2009 28 Feb 01/04/2009 31 Mar 01/05/2009 30 Apr 22 May (1) International peers„ share prices coverted into EUR
Slide 10: Global Markets: Continued reduction of risk and costs
Global Markets: Continued reduction of risk and costs Maintaining de-levered balance sheet Management of legacy exposures Balance sheet (U.S. GAAP „pro-forma‟)* U.S. RMBS exposures* Hedges Net exposure (43)% (56)% 1Q08 2Q08 3Q08 4Q08 1Q09 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 Reduced costs Headcount (32)% P
Slide 11: Global Banking
Global Banking Corporate Finance Recalibrating our platform Global Transaction Continued growth agenda Banking Press and Media Relations 05/09 · 11
Slide 12: Private Clients and Asset Management
Private Clients and Asset Management Asset and Wealth Reposition platforms to a changed environment Management Private & Business Implementation of „Growth and Efficiency‟ program Clients Press and Media Relations 05/09 · 12
Slide 13: Development of total assets
Development of total assets In EUR bn 30 June 2008 31 March 2009 Leverage ratio(2) 2,103 38 1,991 1,338 28 (653) 25 982 (1,122) IFRS Netting(1) U.S. GAAP IFRS Netting(1) U.S. GAAP 30 Jun 31 Dec 31 Mar „pro-forma‟ „pro-forma‟ 2008 2008 2009 (1) For 30 June 2008 incl. derivatives netting of EUR 498 bn
Slide 14: Strong funding base
Strong funding base Unsecured funding, in EUR bn 511 495 Cash and liquidity 15% 75 reserves exceed short- 153 30% term wholesale funding + 62 420 358 30 June 2007 31 March 2009 Short-term wholesale funding Capital markets Fiduciary, clearing & other deposits Retail deposits Note: Figures may not add
Slide 15: Strategic funding cost advantage in 2009
Strategic funding cost advantage in 2009 Modest additional capital market funding Low funding costs New issuance, in EUR bn Remaining 5-year senior CDS, in bps, 22 May 2009 54 45 357 246 21 16 148 149 162 15 106 107 125 92 71 2005 2006 2007 2008 Plan BNP JPM CS UBS GS BAR BoA MS Citi 2009 Source: Bl
Slide 16: Our other stakeholders
Our other stakeholders Clients Society Employees Press and Media Relations 05/09 · 16
Slide 17: Corporate Social Responsibility
Corporate Social Responsibility Sustainability Education Social Investments Press and Media Relations 05/09 · 17
Slide 18: Dr. Josef Ackermann, Chairman of the Management Board
Deutsche Bank Dr. Josef Ackermann Chairman of the Management Board Frankfurt, 26 May 2009
Slide 19: Cautionary statements
Cautionary statements Unless otherwise indicated, the financial information provided herein has been prepared under International Financial Reporting Standards (IFRS). This presentation contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they