Deutsche Bank Ag · XETR:DBK
Deutsche Bank — Deutsche Bank Aktiengesellschaft — FY2009 Earnings Presentation
21 slides from Deutsche Bank's earnings presentation, Feb 5, 2010
Slide 1: Annual Press Conference
Annual Press Conference Frankfurt, 4 February 2010 Passion to Perform
Slide 2: 2009: Strength in every dimension
2009: Strength in every dimension (1) Based on average active equity (2) Recommended (3) Total assets based on U.S. GAAP pro-forma divided by total equity per target definition Profitability Income before income taxes (FY, in EUR bn) Net income (FY, in EUR bn) Pre-tax RoE (FY, target definition)(1)
Slide 3: CB&S: Success of a recalibrated platform
CB&S: Success of a recalibrated platform Income before income taxes Key metrics 2003 2004 2005 2006 2007 2008 2009 (CHART) In EUR bn (1) 2009 Leverage and risk reduction: Assets(2) (U.S. GAAP pro-forma, in EUR bn) RWA (in EUR bn) Value-at-Risk(4) CIB VaR CIB constant input VaR S&T revenues to assets
Slide 4: GTB: Gaining share in a high-quality business
GTB: Gaining share in a high-quality business (CHART) 2003 2004 2005 2006 2007 2008 2009 16 Pre-tax Return on Equity, in % xx 18 33 66 86 102 67 Income before income taxes Market share gains: Trade Finance(1) (in %) EUR Clearing(2) (in %) Assets under custody(3) (in EUR bn) 23.9 26.1 19.2 21.2 907 1
Slide 5: AWM: Return to profitability and net new money growth
AWM: Return to profitability and net new money growth Net new money growth (in EUR bn): Asset Management Private Wealth Management Total AWM (22) 9 10 7 (CHART) 2008 2009 Specific items(1) (62) (11) (294) (917) (183) (160) (25) 232 Cost and headcount reduction (AM): Comp and benefits(2) (in EUR m) N
Slide 6: PBC: Responding to a challenging environment
PBC: Responding to a challenging environment Income before income taxes Key features (1) Includes direct severance booked in business and allocations of severance booked in infrastructure (2) FY2009 provision for credit losses positively impacted by changes in parameter and model assumptions, contri
Slide 7: Performance rewarded by stock market
(CHART) Performance rewarded by stock market Source: Bloomberg 1 Jan 1 Apr Stoxx Banks 1 Jul 1 Oct 78% 47% 24% 31 Dec Indexed, 1 Jan 2009 = 100
Slide 8: Clients, Employees, Our other stakeholders, Society
Clients Employees Our other stakeholders Society
Slide 9: Compensation plan
Compensation plan Compensation model in accordance with G20 and FSB guidelines Reviewed by key regulators (BaFin, FSA, Fed) Significant portion of compensation deferred Existing claw-back option further upgraded and significantly extended From 2010, introduction of pay mix shift: higher proportion o
Slide 10: Press and Media Relations
Press and Media Reabons 0210-10 Deutsche Bank
Slide 11: In 2002 we launched an ambitious transformation agenda
In 2002 we launched an ambitious transformation agenda Phase 2: Growth and 25% RoE Phase 1: Refocusing the business Maintaining our cost, risk, capital and regulatory discipline Further grow our 'stable' businesses in PCAM and GTB Continue to invest in organic growth and 'bolt-on' acquisitions Build
Slide 12: Phase 4: Our strategy for a new era
Phase 4: Our strategy for a new era Focus on core PCAM businesses and home market leadership Increase CIB profitability with renewed risk and balance sheet discipline Focus on Asia as a key driver of revenue growth Reinvigorate our performance culture Management Agenda Phase 4 2009 - 2011
Slide 13: Global Markets: Unique position in the industry
Global Markets: Unique position in the industry Targeting Top 3 or Top 5 in global equities Leading fixed income player Top 3 Top 3 Top 3 Top 3 Current Top 3 Top 5 Top 5 Top 5 #1 #5 #6 #4 Top 3 Top 3 Top 3 Top 3 #1-2 Top 3 #1 Target Note: FI = Fixed Income, IRD = Interest Rate Derivatives, IG = Inve
Slide 14: Business initiatives provide upside potential
.... and business initiatives provide upside potential Market environment ... German exports, foreign orders vs. prior year (left-hand axis) Key interest rates(1), in % (CHART) 2003 2004 2005 2006 2007 2008 2009 UK U.S. Europe (CHART) 2006 2007 2008 2009 Global trade, in % Investments in new product
Slide 15: PCAM: Opportunity to achieve undisputed home market leadership
xx% = Market share Retail Asset Management AuM in EUR bn, 31 Mar 2009 Private Banking AuM in EUR bn, 31 Dec 2008 Retail Banking # of clients in million, 31 Dec 2008 ~25% (CHART) (CHART) Commerzbank(1) MM Warburg UBS HSBC Hauck & Aufhauser (CHART) (1) Coope- ration ~8% (1) Incl. Dresdner Bank Note: S
Slide 16: Closing the gap vs. large European players
.... and to close the gap vs. large European players (CHART) Leaders in European Private Banking ... .... as well as Retail Banking AuM in EUR bn, 31 Dec 2008 Domestic revenues in EUR bn, 2008 (CHART) Cooperation (1) (1) Incl. Dresdner Bank Source: Annual reports, McKinsey
Slide 17: Continuing to increase our commitment to Asia
(CHART) Continuing to increase our commitment to Asia (1) For FX: Euromoney, #1 based on FX poll in Asia (incl. Japan, ex ANZ) from 2005 - 09 and in Australasia from 2006 - 09 / For Fixed Income: Dealogic, based on G3 bonds underwriting volume in Asia (ex Japan, ex ANZ) as of 27 Nov 2009 / For ECM &
Slide 18: Our 4-pillar strategy in China provides unique optionality
Our 4-pillar strategy in China provides unique optionality (1) Refers to locally incorporated DB (China) Co., Ltd., apart from which additional entities include DB AG Shanghai Branch and DB AG Representative Offices in Beijing and Shanghai (2) Focus on equity & debt underwriting and M&A (3) Amongst
Slide 19: Capitalize on our relative winner position to reinvigorate performance culture
Capitalize on our "relative winner" position to reinvigorate performance culture Focus on cost and improving infrastructure efficiency Performance Accountability Implement new performance metrics and value-based management system Reinvigorate Deutsche Bank brand Continue to fulfill our responsibilit
Slide 20: In summary: A year of strength in every dimension
In summary: A year of strength in every dimension (1) Based on average active equity (2) Recommended (3) Total assets based on U.S. GAAP pro-forma divided by total equity per target definition Profitability Income before income taxes (FY, in EUR bn) Net income (FY, in EUR bn) Pre-tax RoE (FY, target
Slide 21: 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
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