Deutsche Bank Ag · XETR:DBK
Deutsche Bank — Investor Day (September 2012)
22 slides from Deutsche Bank's investor day presentation, Sep 12, 2012
Slide 1: Private & Business Clients
Deutsche Bank Private & Business Clients Rainer Neske, Head of PBC Investor Day, Frankfurt, 12 September 2012
Slide 2: PBC – A sizeable international franchise
PBC – A sizeable international franchise Strategy & Steering Key facts(1) — Leading retail bank in Germany and international network in seven countries — ~28.5 million clients — EUR 561 bn Client Business Volume(2) Consumer Advisory Advisory Banking Banking Banking — ~2,900 branches Germany Germany
Slide 3: Strong market position in Germany and amongst European peers
Strong market position in Germany and amongst European peers Strong home market position Sizeable European player Revenues, Retail segment Germany, FY2011, Revenues, Retail segment, FY2011, in EUR bn in EUR bn Savings banks 30.0 38.6 Mutual 24.4 banks 20.2 10 PBC(1) 8.5 15.6 3.8 PBC(1) 10.6 1.8 10.1
Slide 4: Well diversified franchise along several dimensions
Well diversified franchise along several dimensions Revenues by proposition Clients by proposition Business volume by product Revenues(1), 1H2012, in EUR bn Number of clients, 30 Jun 2012, Client Business Volume(1), in million 30 Jun 2012, in EUR bn AB Germany Deposits and payments AB International
Slide 5: Retail banking trends impacting PBC’s business
Retail banking trends impacting PBC’s business Interest rate environment Macro market environment Regulatory requirements — Historic low in ECB interest — Significantly lower client — Higher costs from bank rates negatively impacts investment and brokerage regulation deposit margins activity — Incre
Slide 6: We proactively responded to these trends
We proactively responded to these trends Interest rate environment Macro market environment Regulatory requirements — Strengthening of German — Strengthening of customer- — Standardization of credit business centric business model documentation and processes — Margin expansion, esp. — Adjust Europea
Slide 7: Postbank integration: Phase 1 successfully completed
Postbank integration: Phase 1 successfully completed until Phase 1: Laying the foundation of Powerhouse 30 June 2012 ― Successful total RWA equivalent reduction of EUR 25 bn at Postbank(1) Business ― norisbank focused on pure direct bank model, branches closed portfolio ― Postbank Asset Management
Slide 8: Postbank integration: Next steps
Postbank integration: Next steps Phase 2: Phase 3: Target state Full business integration Completing the Powerhouse ― Full implementation of target ― Completion of footprint ― Focus on deposits business model and high quality Business ― Legal entity alignment lending portfolio ― Further improvement
Slide 9: ‘Magellan’ – Efficiency driver and enabler for proposition growth
‘Magellan’ – Efficiency driver and enabler for proposition growth Magellan structure Benefits and targets A modern & well ― Newest SAP release/1st EU Bank architectured with purely standard infrastructure magellan technology ― Legacy decommissioning core platform ― x.86 for best-of-class infrastruct
Slide 10: Postbank integration well on track
Postbank integration well on track Synergy delivery vs. Cost-to-Achieve (CtA)(1) Summary In EUR m — Synergy and CtA targets increased vis-à-vis 2011/1H2012 Synergies 2011/1H2012 CtA ~1.6 bn(3) original plan at stable CtA-to-synergy-ratio Synergy forecast CtA forecast — Full substantiation with detai
Slide 11: PBC aspires to deliver EUR ~3.0 bn IBIT despite market challenges
PBC aspires to deliver EUR ~3.0 bn IBIT despite market challenges IBIT, in EUR bn ILLUSTRATIVE PBC >3 ~3.0 non- core(1) PBC Operating Business Aspiration Low interest Investment EU Operational Prime Loan Other 2015 announced rate products sovereign Excellence lending growth re-pricing revenue aspira
Slide 12: Advisory Banking Germany: Realigned towards a new business model
Advisory Banking Germany: Realigned towards a new business model Income before income taxes Past achievements In EUR bn CtA — Market leader in non-standard mortgage solutions, IBIT EUR 10 bn new business volume in 2011 — Successful deposit campaign raising EUR 8 bn fresh 0.7 0.8 money in 2011 0.04 —
Slide 13: Consumer Banking Germany: Strong operating performance, de-risking well under way
Consumer Banking Germany: Strong operating performance, de-risking well under way Income before income taxes(1) Past achievements In EUR bn CtA — Resilient revenues throughout integration IBIT — > 5 m private current accounts, 7 m direct banking clients with strong increase of product sales 0.9 — St
Slide 14: Advisory Banking International: Further optimizing our franchise
Advisory Banking International: Further optimizing our franchise Income before income taxes(1) Past achievements In EUR bn — Completion of turn-around — Good performance in all countries despite difficult 0.6 macro-economic environment — Sales and operational efficiency improved 0.2 — Loan re-pricin
Slide 15: AB International: Expand strategic partnership with HuaXia Bank
AB International: Expand strategic partnership with HuaXia Bank HuaXia Bank (HXB) performance HXB key figures In EUR m — 14th largest bank in China based on total assets HXB IBIT(1) — National banking license with 437 outlets in 68 HXB contribution to PBC’s IBIT(2) cities(4), mostly tier 1 & 2 2Q be
Slide 16: PBC has delivered on capital demand reduction
PBC has delivered on capital demand reduction RWA equivalent reduction Measures In EUR bn — Successful de-risking measures at Postbank(1) PBC excl. Postbank Postbank, specifically reduction of non-core business, now being partially re-segmented into Non-Core Operations unit 110 — Postbank RWA equiva
Slide 17: Key take-aways: PBC – Building a powerhouse while improving efficiency
Key take-aways: PBC – Building a powerhouse while improving efficiency — Undisputed leadership in German retail banking Where we — Profitable and resilient international franchise despite crisis are today — Smooth execution of integration without impacting ongoing business — Significant contribution
Slide 18: PBC’s aspiration for 2015
PBC’s aspiration for 2015 Revenues of EUR >10 bn Income before income taxes of EUR ~3.0 bn Cost/income ratio of ~60% Top 5 retail deposit taker in Europe Deutsche Bank Rainer Neske financial transparency. 18 Investor Relations Investor Day, Frankfurt, 12 September 2012
Slide 19: Appendix
Deutsche Bank Appendix Investor Day, Frankfurt, 12 September 2012 19
Slide 20: Reconciliation of PBC key financials shown in presentation
Reconciliation of PBC key financials shown in presentation SPLIT OPERATING vs. NON-CORE INDICATIVE FY2011, in EUR bn Advisory Banking Germany Consumer Banking Germany Advisory Banking International PBC Total Non-core Operating Non-core Operating Non-core Operating Non-core Operating Total Total Tota
Slide 21: Reconciliation of PBC key financials shown in presentation
Reconciliation of PBC key financials shown in presentation SPLIT OPERATING vs. NON-CORE INDICATIVE 1H2012, in EUR bn Advisory Banking Germany Consumer Banking Germany Advisory Banking International PBC Total Non-core Operating Non-core Operating Non-core Operating Non-core Operating Total Total Tota
Slide 22: 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