Deutsche Bank Ag · XETR:DBK
Deutsche Bank — Deutsche Bank Aktiengesellschaft — Q1 2017 Earnings Presentation
24 slides from Deutsche Bank's earnings presentation, Jul 6, 2017
Slide 1: Financial Data Supplement Q1 2017 – Q2 2017 Segmental Structure
Financial Data Supplement Q1 2017 Q2 2017 Segmental Structure Front page Exhibit 99.2
Slide 2: New divisional structure
Agenda In accordance with our strategy announcement on March 5, 2017, our business operations have been reorganized from the second quarter 2017 onwards under a new divisional structure comprising the divisions: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB) and Deutsche Asset Ma
Slide 3: Agenda
Agenda Q1 2017 Financial Data Supplement Q2 2017 Segmental Structure Due to rounding, numbers presented throughout this document may not add up precisely to the totals we provide and percentages may not precisely reflect the absolute figures.
Slide 4: Financial summary
Financial summary FinSum For footnotes please refer to page 23. FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Key financial information Fully loaded CRR/CRD4 Leverage Ratio in % 1 3.5 % 3.4 % 3.4 % 3.5 % 3.5 % 3.5 % 3.4 % CRR/CRD4 leverage exposure, in € bn. 1 1,395 1,390 1,415 1,354 1,348
Slide 5: Consolidated Statement of Income
Consolidated Statement of Income Consolidated Statement of Income For footnotes please refer to page 23. (In € m.) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Interest and similar income 25,967 6,032 6,721 6,359 6,523 25,636 6,138 Interest expense 10,086 2,108 3,029 2,834 2,958 10,929 3,
Slide 6: Net revenues - Segment view
Net revenues - Segment view Net Revenues 9 For footnotes please refer to page 23. (In € m.) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Corporate & Investment Bank: Global Transaction Banking 4,609 1,101 1,104 1,130 1,085 4,421 1,041 Equity Origination 658 64 124 88 129 405 153 Debt Orig
Slide 7: Corporate & Investment Bank
Corporate & Investment Bank Corporate & Investment Bank For footnotes please refer to page 23. (In € m., unless stated otherwise) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Global Transaction Banking 4,609 1,101 1,104 1,130 1,085 4,421 1,041 Equity Origination 658 64 124 88 129 405 153
Slide 8: Private & Commercial Bank
Private & Commercial Bank Private and Commercial Bank For footnotes please refer to page 23. (In € m., unless stated otherwise) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Private & Commercial Clients 5,590 1,363 1,365 1,264 1,228 5,220 1,298 Postbank 3,112 861 903 779 824 3,366 771 Weal
Slide 9: Deutsche Asset Management
Deutsche Asset Management Asset Management (In € m., unless stated otherwise) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Management Fees 2,339 541 538 549 563 2,191 562 Performance & Transaction Fees 247 22 26 44 128 220 19 Other Revenues 173 84 70 34 19 208 25 Mark-to-market movements
Slide 10: Non-Core Operations Unit
Non-Core Operations Unit Non Core Ops For footnotes please refer to page 23. The Non-Core Operations Unit (NCOU) has ceased to exist as a separate corporate division of the Group from 2017 onwards. The remaining legacy assets are now managed by the corresponding operating segments, predominately CIB
Slide 11: Consolidation & Adjustments
Consolidation & Adjustments C&A For footnotes please refer to page 23. Historical financial information restated to reflect the alignment of certain parts of our technology and other overhead functions to its business divisions. For purposes of the 2017 average shareholders’ equity allocation the No
Slide 12: Credit risk
Credit risk Credit Risk For footnotes please refer to page 23. (In € m., unless stated otherwise) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Allowance for loan losses Balance, beginning of period 5,212 5,028 4,644 4,476 4,562 5,028 4,546 Provision for loan losses 882 292 287 300 469 1,3
Slide 13: Regulatory capital
Regulatory capital Capital and Market Risk For footnotes please refer to page 23. 19
Slide 14: Consolidated Balance Sheet - Assets
Consolidated Balance Sheet - Assets Assets (In € m., unless stated otherwise) Dec 31, 2015 Mar 31, 2016 Jun 30, 2016 Sep 30, 2016 Dec 31, 2016 Mar 31, 2017 Assets: Cash and central bank balances 96,940 113,040 122,868 108,250 181,364 179,461 Interbank balances without central banks 12,842 10,083 11,
Slide 15: Consolidated Balance Sheet - Liabilities and total equity
Consolidated Balance Sheet - Liabilities and total equity Liabilities For footnotes please refer to page 23. (In € m., unless stated otherwise) Dec 31, 2015 Mar 31, 2016 Jun 30, 2016 Sep 30, 2016 Dec 31, 2016 Mar 31, 2017 Liabilities and equity: Non-interest bearing deposits 192,010 185,652 193,722
Slide 16: CRR/CRD4 Leverage ratio measures
CRR/CRD4 Leverage ratio measures Leverage For footnotes please refer to page 23. 1, 3
Slide 17: Non-GAAP financial measures (1/4)
Non-GAAP financial measures (1/4) NGFM 1 For footnotes please refer to page 23. (In € m., unless stated otherwise) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Corporate & Investment Bank: Income (loss) before income taxes (IBIT) (373) 710 460 970 (432) 1,708 706 Net Income (loss) (241) 4
Slide 18: Non-GAAP financial measures (2/4)
Non-GAAP financial measures (2/4) NGFM 2 For footnotes please refer to page 23. (In € m., unless stated otherwise) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Non-Core Operations Unit: Income (loss) before income taxes (IBIT) (2,264) (533) (632) (538) (1,504) (3,207) 0 Net Income (loss)
Slide 19: Non-GAAP financial measures (3/4)
Non-GAAP financial measures (3/4) NGFM 3 For footnotes please refer to page 23. (In € m., unless stated otherwise) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Total Consolidated: Income (loss) before income taxes (IBIT) (6,097) 579 408 619 (2,416) (810) 878 Income tax expense (675) (343)
Slide 20: Non-GAAP financial measures (4/4)
Non-GAAP financial measures (4/4) NGFM 4 For footnotes please refer to page 23. In € m. FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Corporate & Investment Bank: Noninterest expenses 18,853 3,756 3,705 3,332 3,397 14,190 3,642 Impairment of Goodwill and other intangible assets 2,168 0 285
Slide 21: Definition of certain financial measures (1/3)
Definition of certain financial measures (1/3) Non-GAAP Financial Measures This document and other documents the Group has published or may publish contain non-GAAP financial measures. Non-GAAP financial measures are measures of the Group’s historical or future performance, financial position or cas
Slide 22: Definition of certain financial measures (2/3)
Definition of certain financial measures (2/3) We also set forth in this and other documents such CRR/CRD 4 measures on a “fully loaded” basis, reflecting full application of the rules without consideration of the transitional provisions under CRR/CRD 4. With respect to risk-weighting, we assume in
Slide 23: Definition of certain financial measures (3/3)
Definition of certain financial measures (3/3) Book Value and Tangible Book Value per Basic Share Outstanding Book value per basic share outstanding and tangible book value per basic share outstanding are non-GAAP financial measures that are used and relied upon by investors and industry analysts as
Slide 24: Footnotes
We calculate our leverage ratio exposure on a fully loaded basis in accordance with Article 429 of the CRR as per Delegated Regulation (EU) 2015/62 of October 10, 2014 published in the Official Journal of the European Union on January 17, 2015 amending Regulation (EU) No 575/2013. Definitions of rat
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