Commerzbank Ag · XETR:CBK

Commerzbank — Investor Day (September 2003)

27 slides from Commerzbank's investor day presentation, Sep 10, 2003

  1. Slide 1: Investors' Day 2003 Commerzbank Securities

    ////////////////////////////////////////////////////////////////////////////////////////////////// Investors’ Day 2003 Commerzbank Securities Review and Strategy Mehmet Dalman Member of the Board of Managing Directors Glashütten/Taunus, September 10, 2003

  2. Slide 2: Table of Contents

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / /1/ / / / / / / Table of Contents Contents 1 Market Environment 2 Strong Performance Yea

  3. Slide 3: Section 1: Market Environment

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / /2/ / / / / / / Section 1 Market Environment

  4. Slide 4: Market recovery delayed

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / /3/ / / / / / / Market recovery delayed Ø Jittery markets to persist for at least 6 mont

  5. Slide 5: Rates are the key

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / /4/ / / / / / / Rates are the key Ø Overshoot on US rates to persist, as tax cuts produc

  6. Slide 6: Scenario for 2004

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / /5/ / / / / / / Scenario for 2004 Ø After disappointed expectations in H2, sustainable U

  7. Slide 7: Global recovery hangs on US

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / /6/ / / / / / / Global recovery hangs on US Export growth yoy % chg (LHS) 45 yoy % chg i

  8. Slide 8: Section 2: Strong Performance Year to Date

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / /7/ / / / / / / Section 2 Strong Performance Year to Date

  9. Slide 9: Strong financial performance year to date

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / /8/ / / / / / / Strong financial performance year to date Revenues and Returns 1,400 15%

  10. Slide 10: Major contributor to AG performance

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / /9/ / / / / / / Major contributor to AG performance Revenues 5% ZGS is integral to the B

  11. Slide 11: Major Contributor to AG Performance: Equity Tied Up

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / 10 //////// Major Contributor to AG Performance Equity Tied Up 1% 9% 19% Retail Banking

  12. Slide 12: Major Contributor to AG Performance: Costs

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / 11 //////// Major Contributor to AG Performance Direct Costs 11% 1% 1% Retail Banking Ø

  13. Slide 13: Performing favourably compared to peers

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / 12 //////// Performing favourably compared to peers Peer Group Comparison 1,200 16% Thes

  14. Slide 14: ZGS peer group reflects segmentation

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / 13 //////// ZGS peer group reflects segmentation 800 Goldman Sachs Intellectual capital

  15. Slide 15: ZGS competes well with the best

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / 14 //////// ZGS competes well with the best 800 Goldman Sachs Intellectual capital speci

  16. Slide 16: Success driven by franchise strengths

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / 15 //////// Success driven by franchise strengths Revenue Mix by Product 100% 90% Ø Stab

  17. Slide 17: Section 3: Review of the Franchise

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / 16 //////// Section 3 Review of the Franchise

  18. Slide 18: Brokerage

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / 17 //////// Brokerage Net P/L, H1 2002 vs H1 2003 80 Ø Scalable and industry leading 60

  19. Slide 19: Capital Markets

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / 18 //////// Capital Markets Net P/L, H1 2002 vs H1 2003 100 Ø Significant recovery after

  20. Slide 20: Equity Derivatives

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / 19 //////// Equity Derivatives Net P/L, H1 2002 vs H1 2003 100 Ø Gross revenues of €83 m

  21. Slide 21: Credit Trading

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / 20 //////// Credit Trading Net P/L, H1 2002 vs H1 2003 100 Ø Gross revenues of €93 milli

  22. Slide 22: Securities Finance

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / 21 //////// Securities Finance Net P/L, H1 2002 vs H1 2003 Ø Securities Finance continue

  23. Slide 23: AIS

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / 22 //////// AIS Net P/L, H1 2002 vs H1 2003 12 Ø Growth of assets under 10 management 8

  24. Slide 24: Interest Rates

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / 23 //////// Interest Rates Net P/L, H1 2002 vs H1 2003 160 Ø Achieved revenues of EUR 14

  25. Slide 25: FX

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / 24 //////// FX Net P/L, H1 2002 vs H1 2003 100 Ø Net P/L has increased 80 60 Ø Electroni

  26. Slide 26: ZGS is critical to Commerzbank's future prospects

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / 25 //////// ZGS is critical to Commerzbank’s future prospects Ø Commerzbank needs ZGS •

  27. Slide 27: / / / / / / / / / / / / / /

    / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / investors‘ / / / / / / / / / / day / / / / september / / / / / / / / / /10, / / /2003 / / / / / / / 26 ////////

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