Deutsche Bank AG · XETR:DBK
Deutsche Bank — FY2017 Earnings Presentation
16 slides from Deutsche Bank's earnings presentation, Feb 2, 2018
Slide 1: Annual Media Conference
Deutsche Bank Annual Media Conference John Cryan, Chief Executive Officer Frankfurt am Main, 2 February 2018
Slide 2: Building a better Deutsche Bank: three phases on the journey
Building a better Deutsche Bank: three phases on the journey Phase 3 Sustainable growth with our clients Phase 2 — Achieve revenue growth — Further cut costs Greater financial strength, — Maintain risk discipline new business structure Phase 1 — Strengthen capital — Refine and simplify business mode
Slide 3: Phase 1: Resolving legacy issues, strengthening controls
Phase 1: Resolving legacy issues, strengthening controls Financial impact of legacy 2015 – 2017 Selected achievements In EUR billion ― Disposals: stake in Hua Xia Bank, PCS, Abbey Life, PCC business Poland(3) 2015 2016 2017 Reducing ― Branch optimisation PCC: complexity ~190 branches in Germany, (1.
Slide 4: Phase 2: Greater financial strength, new business structure
Phase 2: Greater financial strength, new business structure A simpler and easier to run organisation Significant financial strengthening CET 1 ratio (fully loaded), in % Global Markets 2017 CIB Corporate & Investment Bank 16.9 Corporate Finance 14.0 13.8 12.7 12.3 Transaction Bank 11.5 10.7 Private
Slide 5: Phase 3: Sustainable growth with our clients
Phase 3: Sustainable growth with our clients Selected achievements to date Corporate & Investment Bank Private & Commercial Bank Deutsche Asset Management Global M&A league table 2017 1 No. 1 in Germany(4) No. 1 retail asset manager 2 in Germany(5) 3 4 >11m digital clients No. 2 ETF provider in Euro
Slide 6: Annual Media Conference – James von Moltke, CFO
Deutsche Bank Annual Media Conference James von Moltke, Chief Financial Officer Frankfurt am Main, 2 February 2018
Slide 7: Our first pre-tax profit since 2014
Our first pre-tax profit since 2014 In EUR billion Fourth Quarter Full Year 1.3 (0.8) (1.3) (2.4) 2016 2017 2016 2017 Deutsche Bank Annual Media Conference 6 Frankfurt am Main, 2 February 2018
Slide 8: A net loss, driven by US tax reform
A net loss, driven by US tax reform In EUR billion Fourth Quarter Full Year Impact of US tax reform 0.9 (1.4) (0.7) (0.5) (1.4) (1.9) (1.4) (2.2) 2016 2017 2016 2017 Deutsche Bank Annual Media Conference 7 Frankfurt am Main, 2 February 2018
Slide 9: Substantial non-operating items
Substantial non-operating items In EUR billion On revenues On costs DVA Impairments/Policyholder Benefits & Claims(2) Strategic business disposals(1) Litigation(3) Restructuring & Severance 0,1 1.3 0.0 (0.2) (0,5) (0.6) (1.6) (0,3) (2.4) (0.7) 1.4 (0.9) (4.7) (0.8) 2016 2017 2016 2017 Note: Figures
Slide 10: Revenue development impacted by non-operating items
Revenue development impacted by non-operating items In EUR billion Fourth Quarter Full Year Disposals(1) DVA (12)% (12)% YoY Adjusted 30.0 (19)% 1.3 7.1 0.1 0.9 26.4 5.7 0.0 (10)% (5)%(2) (0.3) (0.2) (0.3) (0.5) 2016 2017 2016 2017 Note: Figures may not sum due to rounding differences (1) Includes d
Slide 11: We significantly reduced noninterest expenses
We significantly reduced noninterest expenses In EUR billion Fourth Quarter Full Year Impairments(1)/Policyholder Benefits and Claims Litigation(2) (16)% 29.4 Restructuring & Severance 1.6 Adjusted Costs(3) (23)% 2.4 9.0 0.7 24.6 0.0 0.6 0.2 1.1 6.9 (4)% 1.6 0.0 0.1 24.7 23.8 0.4 0.1 6.3 +3% 6.2 201
Slide 12: …and have decisively strengthened our capital position
…and have decisively strengthened our capital position Common Equity Tier 1 Ratio, CRR/CRD4 (fully loaded) In % 13.8 14.0 11.8 11.1 31.12.2015 31.12.2016 30.09.2017 31.12.2017 Deutsche Bank Annual Media Conference 11 Frankfurt am Main, 2 February 2018
Slide 13: Corporate & Investment Bank: navigating weak markets
Corporate & Investment Bank: navigating weak markets In EUR billion Revenues Income before income taxes DVA Excluding DVA (15)% 16.8 0.0 14.2 (49)% (13)% 1.7 0.9 (27)% (0.3) (0.3) 2016 2017 2016 2017 Note: Figures may not sum due rounding differences Deutsche Bank Annual Media Conference 12 Frankfur
Slide 14: Private & Commercial Bank: resilient despite negative rates
Private & Commercial Bank: resilient despite negative rates In EUR billion Revenues Income before income taxes Strategic business disposals(1) Restructuring & Severance (8)% YoY Adjusted 11.1 0.8 10.2 (73)% (73)% 1.4 0.6 0% 0.4 (9)% (0.1) (0.2) (0.2) (0.4) 2016 2017 2016 2017 Note: Figures may not s
Slide 15: Deutsche Asset Management: trending upwards
Deutsche Asset Management: trending upwards In EUR billion Revenues Income before income taxes Abbey Life(1) Excluding Abbey Life -16% (16)% 3.0 0.5 2.5 0.7 +2% 0.9 (0.2) 2016 2017 2016 2017 Note: Figures may not sum due to rounding differences (1) Total P&L impact related to the sale of Abbey Life
Slide 16: Cautionary statements
Cautionary statements The figures in this presentation are preliminary and unaudited. The Annual Report 2017 and Form 20-F are scheduled to be published on 16 March 2018. This presentation contains forward-looking statements. Forward-looking statements are statements that are not historical facts; t