Deutsche Bank Ag · XETR:DBK
Deutsche Bank — Investor Day (March 2022)
26 slides from Deutsche Bank's investor day presentation, Mar 10, 2022
Slide 1: Deutsche Bank's strategic evolution to 2025
Deutsche Bank Deutsche Bank’s strategic evolution to 2025 #PositiveImpact Christian Sewing Chief Executive Officer 10 March 2022
Slide 2: Differentiated strategy to deliver sustainable growth
Differentiated strategy to deliver sustainable growth Strong and resilient foundation across four leading client-centric business divisions Positioned to grow on the back of robust balance sheet and key themes of the coming decade Continued efficiency and self-funding of investments Clear path to dr
Slide 3: Driving solutions for our clients and value creation for shareholders
Driving solutions for our clients and value creation for shareholders Franchise growth Strong market position and momentum enabling revenue growth to ~€ 30bn(1) Capital deployment Operating leverage >10% Reinvestment into business and RoTE Cost discipline and self-funded ~€ 8bn shareholder distribut
Slide 4: Your Global Hausbank
Building on our heritage Your Global Hausbank Deep understanding Long-term oriented partner of client needs through every cycle Global network combined with Digital channels and local expertise personal advice Comprehensive and Agile organization anticipating sophisticated product suite future clien
Slide 5: Anchored in one of the strongest economies globally
Anchored in one of the strongest economies globally Growing and stable market Unique Global Hausbank positioning Exports as % of GDP in 2021(1) Serving the global needs of export- oriented corporates Strongest economy in Europe 47 28 OECD average Germany Intermediating financing, investments Governm
Slide 6: Key themes of this decade playing to our strengths
Key themes of this decade playing to our strengths Deutsche Bank Christian Sewing 5 Investor Deep Dive, 10 March 2022
Slide 7: We help our clients navigate a volatile world
We help our clients navigate a volatile world Macro shifts Monetary policy and Geopolitics and trade Demographic change inflation Client needs Our offering Our actions to drive growth Advice across global network Further deploy risk management Risk with local strength and depth expertise to client
Slide 8: Accelerating our clients' sustainability transition
Accelerating our clients’ sustainability transition Sustain- ability Europe as sustainability Redistribution of Transition to Net Zero leader market share Client needs Our offering Our actions to drive growth ESG DCM and ECM Green lending and project Further invest into data and Financing financ
Slide 9: Set to become a significant value driver for the bank
Set to become a significant value driver for the bank Sustain- ability ESG volume aspiration (excl. DWS)(1) (in € bn) On track to achieve € 200bn volume target already in Increase in ambition >500 2022 instead of 2023 (following € 46bn by 2020 and € Former ambition 157bn by 2021) >400 >300 >200 Addi
Slide 10: Leveraging technology to create value for our clients
Leveraging technology to create value for our clients Techno- logy Changing customer journeys Data driven economies Emerging competition Client needs Our offering Our actions to drive growth and efficiency Fully digital access channels Create data-enabled products Digital and enhance client data a
Slide 11: Summary: Strong basis for sustainable growth
Summary: Strong basis for sustainable growth Stable and attractive foundation Unique positioning driving market share Balanced franchise with strong underlying One stop shop with global reach and growth and robust balance sheet local expertise Home market in one of the strongest Focused grow
Slide 12: Set to deliver continued profitable growth
Set to deliver continued profitable growth Deliver efficiencies Generate attractive Drive focused and self-fund capital return above revenue growth investments cost of capital 3.5–4.5% <62.5% >10% Revenue CAGR CIR RoTE 2021-2025 2025 2025 Supported by clear management agenda committed to disciplined
Slide 13: Revenues: Objective to reach ~€ 30bn by 2025
Revenues: Objective to reach ~€ 30bn by 2025 Revenues, in € bn, unless stated otherwise Positioning as Global Hausbank enables growth on the back +3.5-4.5% CAGR(1) of key themes of this decade ~30 25.4 Volume growth particularly in low risk, € 2.0bn - € 2.5bn stable businesses Strategic initiatives
Slide 14: Stable cost base supporting higher revenues
Stable cost base supporting higher revenues Cost/income Ratio (22.5)pp Significantly enhanced operating leverage driven by revenue 85% growth and continued cost discipline <62.5% Absence of transformation-related ~€ (2.7)bn → effects and lower CRU costs Targeted additional operational ~€ (2.0)bn → e
Slide 15: Targeted initiatives to drive operational efficiencies
Targeted initiatives to drive operational efficiencies ~€ 2.0bn Total savings targeted through operational efficiencies p.a. by 2025 Germany Technology Front-to-back Infrastructure optimization architecture process re-design efficiencies Deutsche Bank Christian Sewing 14 Investor Deep Dive, 10 March
Slide 16: Disciplined resource allocation driving profitability
Disciplined resource allocation driving profitability Strict resource allocation approach Selected high RoTE growth opportunities Detailed assessment of strategic and financial Corporate Cash Management attractiveness on business unit level CB Trust and Agency Services Resource allocation across
Slide 17: Material tangible equity increase envisaged
Material tangible equity increase envisaged Average tangible equity, in € bn, unless stated otherwise 8(1) Increased profitability would lead to significant tangible + equity generation ~62 Reinvestment(2) into RoTE accretive businesses 50 2021(3) 2025 objective ~€ 8bn shareholder distributions targ
Slide 18: Corporate Bank
Corporate Bank Grow with differentiated Global Hausbank client proposition Strategic and financial objectives 2025 Be the “first call” for Global MNCs 6-7% 55-60% Trusted partner for German economy Revenue CIR Connecting Financial Institutions CAGR(1) 2021-2025 2025 DB strengths Strategic pill
Slide 19: Investment Bank
Investment Bank Consistent strategy delivery and targeted growth initiatives Strategic and financial objectives 2025 Leading Global Investment Bank 1-2% 55-60% Navigating clients through rapidly evolving global Revenue CIR markets CAGR(1) 2021-2025 2025 DB strengths Strategic pillars and initiat
Slide 20: Private Bank
Private Bank Efficiency in retail, growth in affluent and wealth Strategic and financial objectives 2025 Largest European Private Bank(1) 4-5% 60-65% #1 Mass Retail, Affluent Bank in Germany(2) Revenue CIR #1 Wealth Manager in Germany(3) CAGR(4) 2021-2025 2025 DB strengths(5) Strategic pillars
Slide 21: Asset Management
Asset Management Continuation of strong trajectory with organic and inorganic growth Strategic and financial objectives 2025 Leading European asset manager – global reach 4-5% <60% Building the best foundation for our clients’ future Revenue CIR CAGR(1) 2021-2025 2025 DB strengths Strategic pill
Slide 22: Further enhance risk management and controls
Further enhance risk management and controls Building on strong risk culture and enriching non-financial risk framework Risk framework Evolution of ESG / climate framework per regulatory and industry practices evolution Increasing vigilance over escalating risks (including cyber) Further shi
Slide 23: Transforming the way we work
Transforming the way we work Agile transformation and new meeting culture (fewer, smaller, shorter) Simplified organization Reinvigorate target workforce structure to align roles, seniority and compensation Leaders role model client-centric mindset across front office and infrastructure Leadership a
Slide 24: Financial targets and capital objectives
Financial targets and capital objectives Our financial targets to 2025 >10% 3.5-4.5% <62.5% Post-tax RoTE Revenue CAGR Cost/income ratio in 2025 2021-2025 in 2025 Capital objectives ~13% CET1 ratio 50% Total payout ratio from 2025 Deutsche Bank Christian Sewing 23 Investor Deep Dive, 10 March 2022
Slide 25: Our path from stabilization to industry leadership
Our path from stabilization to industry leadership ✓ Stabilization and transformation Sustainable growth Industry leadership (2019 – today) (today – 2025) (2025+) Client centric-setup Strong competitive positioning Leading Global Hausbank Rightsizing and efficiency Profitable growth and ea
Slide 26: Cautionary statements
Cautionary statements Non-IFRS Financial Measures This document contains non-IFRS financial measures. For a reconciliation to directly comparable figures reported under IFRS, to the extent such reconciliation not provided herein, please refer to the Financial Data Supplement which can be downloaded