Danske Bank A/s · OMXCOP:DANSKE
Danske Bank A/s — Shareholder Meeting (2006)
38 slides from Danske Bank A/s's shareholder meeting presentation, 2006
Slide 1: Welcome to the Annual General Meeting
VVelcome to the Annual General MVleeting
Slide 2: Item a: Submission of annual report for adoption
ltem a: Submission of annual report for adoption
Slide 3: 2005 in brief
2005 in brief Dkr bn Net profit for the year Apt 2004 2005
Slide 4: 2005 in brief
2005 in brief Dkr bn Net profit for the year 13 e Increase of 38% 2004 2005
Slide 5: 2005 in brief
2005 in brief Dkr bn Net profit for the year 13 e Increase of 38% e Better than expected 9 5 2004 2005
Slide 6: 2005 in brief
2005 in brief Dkr bn Net profit for the year 13 e Increase of 38% e Better than expected 9 e Strong customer activity in Denmark, zi Sweden, Norway, Northern Ireland and 2004 2005 the Republic of Ireland
Slide 7: Vision
Vision One platform - exceptional brands Mission The best local financial partner
Slide 8: Net profit for the year
Net profit for the year (DKr m) 2004 2005 Index Net interest income 14,752 17,166 116 Net fee income 5,898 7,288 124 Net trading income 4,877 6,504 135 Other income 2,029 2,256 ahaa Net income from insurance business 1,631 AZ, 103 Total income 29,187 34,891 120 Operating expenses 15,593 18,198 118 P
Slide 9: Fees
Fees Net fee income DKr’7.3bn
Slide 10: Fees
Fees Net fee income DKr7.3bn Danske Capital (DKr922m)
Slide 11: Fees
Fees Net fee income DKr7.3bn Activities outside Denmark (DKr1,742m) Danske Capital (DKr922m))
Slide 12: Fees
Fees Net fee income DKr7.3bn Corporate customers (DKr1,782m) Activities outside Denmark (DKr1,742m) Danske Capital (DKr922m)
Slide 13: Fees
Fees Net fee income DKr7.3bn Corporate customers (DKr1,782m) Retail customers (DKr2.84em) Activities outside Denmark (DKr1,742m) Danske Capital (DKr922m)
Slide 14: Fees
Fees Net fee income DKr7.3bn Net fee income, retail: DKr2.8bn Corporate customers (DKr1,782m) Loans and remortgaging (DKrS87m) Retail customers (DKr2e.842m) — Activities outside Denmark (DKr1,742m) Danske Capital (DKrS22m)
Slide 15: Fees
Fees Net fee income DKr7.3bn Net fee income, retail: DKr2.8bn Corporate customers (DKr1,782m) Loans and remortgaging (DKrS87m) Retail customers (DKr2.842m) — Activities outside Denmark (DKr1,742m) Danske Capital (DKrS22m) Pensions and insurance (DKr233m]}
Slide 16: Fees
Fees Net fee income DKr7.3bn Net fee income, retail: DKre.8bn Corporate customers Loans and (DKr1,782m) remortgaging (DKrS87m) Retail customers (DKr2.842m) — Activities wee , outside Denmark Securities Pensions and (DKr1,742m) trading insurance eee ated [DKr973m) (DKr233m)
Slide 17: Fees
Fees Net fee income DKr7.3bn Net fee income, retail: DKr2.8bn Corporate customers Everyday banking (DKr649m) (DKr1,782m) Loans and remortgaging (DKr987m) Retail customers (DKr2.842m) — Activities ua 3 outside Denmark Securities Pensions and (DKr1,742m) trading insurance Danske Capital [DKr922m} (DKr
Slide 18: Danske Bank's fee policy
Personal F Fee policy Shortewts = Personal Finance Corporate & Institutions! Seacch Danske Bank's fee policy The prices charged by Danske Bank are determned according to a umber of crnene, Production costs of the service or preduct. Its value for the customer. And market comeatiben, which may nat al
Slide 19: Net profit for the year
Net profit for the year (DKr m) 2004 2005 Index Net interest income 14,752 17,166 116 Net fee income 5,898 7,288 124 Net trading income 4,877 6,504 135 Other income 2,029 2,256 ahaa Net income from insurance business 1,631 AZ, 103 Total income 29,187 34,891 120 Operating expenses 15,593 18,198 118 P
Slide 20: Corporate Governance
Corporate Governance Profile Shortcuts a Investor Relations Corporate Governance governance - the system of collaboration betws management, shareholders and other stakehol company's objectrr The Board of Di manegement keep abreast of matters. In the management's view, the Group kves up to the strict
Slide 21: Net profit for the year
Net profit for the year (DKr m) 2004 2005 Index Net interest income 14,752 17,166 116 Net fee income 5,898 7,288 124 Net trading income 4,877 6,504 135 Other income 2,029 2,256 ahaa Net income from insurance business 1,631 AZ, 103 Total income 29,187 34,891 120 Operating expenses 15,593 18,198 118 P
Slide 22: Balance sheet
Balance sheet (DKr m) 2005 2004 Bank loans and advances 829,603 615,238 Mortgage loans 569,092 524,428 Trading portfolio Assets 444,521 422,547 Due to credit institutions and central banks 476,363 555,569 Deposits 631,184 487,863 Issued mortgage bonds 438,675 432,399 Trading portfolio habilities 212
Slide 23: Danske Bank
Danske Bank Danske |ERRT Profit before tax 2 Total income tT Loans - retail customers 7 Loans -corporate customers 7T 66 % Ei 7o rat lt 20%
Slide 24: BG Bank
BG Bank Profit before tax t . 22% Operating expenses V 5% Loans - retail customers T 17% Loans-corporatecustomers T 12% New branches tT a
Slide 25: Sweden
Sweden Danske [ERR Sweden Profit before tax Total income Operating expenses New branches a a ano 9% 10% te
Slide 26: Norway
Norway __ Fokus EER Profit before tax t 60% New branches de
Slide 27: Northern Ireland
Northern Ireland Northern Total income Operating expenses Credit loss expenses Profit before tax Kr1,810bn DKr1,751m DKr56m Kr23m Financial results for the period March 1 -December 31,2005
Slide 28: Ireland
lreland National Irish B&ials Total income Operating expenses Credit loss expenses Profit before tax DKr7 aso DKr855m DKr4m Kr-106m Financial results for the period March 1 - December 31,2005
Slide 29: Other Banking Activities
Other Banking Activities - Nordania, England, Finland, Luxembourg, Poland, Germany, the US Profit before tax t 37a
Slide 30: Realkredit Danmark
Realkredit Danmark Profit before tax t 24%
Slide 31: Danske Markets
Danske Markets Mere) Markets | Profit before tax 3524 Trading Activities ? 3CF'76
Slide 32: Danske Capital
Danske Capital Mere) Capital | Profit before tax t 40%
Slide 33: Danica Pension
Danica Pension Meri) Pension | Net income Gross premiums Return on investments
Slide 34: Share price, end of year
Share price, end of year 250 200 150 100 50 eo | 167.5 135.1 1388 4 : ; 2001 2002 2003 2004 2005
Slide 35: Outlook for 2006
Outlook for 2006 * rising net interest and fee income * lower net trading income e falling net income from insurance business * total income in line with 2005 * costs some 5% higher * modest credit loss expenses * pre-tax profit for the year lower than in 2005
Slide 36: Capital management
Capital management Core (tier 1) capital 6.5% > 6.0-6.5%
Slide 37: Capital management
Capital management Core (tier 1) capital 6.5% > 6.0-6.5% Payout ratio 50% > 50-50%
Slide 38: Proposed profit allocation
Proposed profit allocation Net profit for the year DKr12,546m Total dividends DKr6,383m Equity method reserve DKr4,438m Profit brought forward DKr1525m