Deutsche Bank Ag · XETR:DBK
Deutsche Bank — Q1 2016 Earnings Presentation
20 slides from Deutsche Bank's earnings presentation, Apr 28, 2016
Slide 1: Financial Data Supplement 1Q2016
Deutsche Bank Financial Data Supplement 1Q2016 28 April 2016
Slide 2: 1Q2016 Financial Data Supplement
1Q2016 Financial Data Supplement Due to rounding, numbers presented throughout this document may not Deutsche Bank consolidated add up precisely to the totals we provide and percentages may not Financial summary 2 precisely reflect the absolute figures. Consolidated Statement of Income 3 All segment
Slide 3: Financial summary
Financial summary 1Q2016 vs. 1Q2016 vs. FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 1Q2015 4Q2015 Key financial information Fully loaded CRR/CRD4 Leverage Ratio in %1 3.5 % 3.4 % 3.6 % 3.6 % 3.5 % 3.5 % 3.4 % 0.0 ppt (0.1)ppt CRR/CRD4 leverage exposure, in EUR bn.1 1,445 1,549 1,461 1,420 1,395
Slide 4: Consolidated Statement of Income
Consolidated Statement of Income 1Q2016 vs. 1Q2016 vs. (In EUR m.) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 1Q2015 4Q2015 Interest and similar income 25,001 6,457 6,936 6,661 5,913 25,967 6,032 (7)% 2% Interest expense 10,729 2,247 2,815 2,968 2,056 10,086 2,108 (6)% 3% Net interest income 1
Slide 5: Net revenues - Segment view
11 Net revenues - Segment view 1Q2016 vs. 1Q2016 vs. (In EUR m., unless stated otherwise) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 1Q2015 4Q2015 Global Markets: Sales & Trading (equity) 2,966 1,027 969 588 526 3,111 728 (29)% 38 % Sales & Trading (debt and other products) 7,550 2,905 2,232 1
Slide 6: Global Markets
Global Markets 1Q2016 vs. 1Q2016 vs. (In EUR m., unless stated otherwise) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 1Q2015 4Q2015 Sales & Trading (equity) 2,966 1,027 969 588 526 3,111 728 (29)% 38 % Sales & Trading (debt and other products) 7,550 2,905 2,232 1,821 1,240 8,198 2,049 (29)% 65
Slide 7: Corporate & Investment Banking
Corporate & Investment Banking 1Q2016 vs. 1Q2016 vs. (In EUR m., unless stated otherwise) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 1Q2015 4Q2015 Trade Finance & Cash Management Corporates 2,614 702 677 708 720 2,807 651 (7)% (10)% Institutional Cash & Securities Services 1,608 435 467 477 48
Slide 8: Private, Wealth & Commercial Clients
Private, Wealth & Commercial Clients 1Q2016 vs. 1Q2016 vs. (In EUR m., unless stated otherwise) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 1Q2015 4Q2015 Credit products 2,053 540 530 543 545 2,158 539 (0)% (1)% Deposit products 1,534 343 339 326 323 1,332 312 (9)% (4)% Investment & insurance p
Slide 9: Deutsche Asset Management
Deutsche Asset Management 1Q2016 vs. 1Q2016 vs. (In EUR m., unless stated otherwise) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 1Q2015 4Q2015 Management Fees 1,989 580 595 583 587 2,345 542 (7)% (8)% Performance & Transaction Fees 220 47 74 38 113 271 29 (39)% (75)% Other Revenues 341 36 190 1
Slide 10: Postbank
Postbank 1Q2016 vs. 1Q2016 vs. (In EUR m., unless stated otherwise) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 1Q2015 4Q2015 Current Accounts 1,235 291 285 284 276 1,135 270 (7)% (2)% Loans 1,027 306 304 321 303 1,234 316 3% 4% Savings 940 235 230 230 222 917 219 (7)% (1)% Investment & Insuran
Slide 11: Non-Core Operations Unit
Non-Core Operations Unit 1Q2016 vs. 1Q2016 vs. (In EUR m., unless stated otherwise) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 1Q2015 4Q2015 Total net revenues 489 395 223 236 (60) 794 16 (96)% N/M Provision for credit losses 251 29 6 (0) 17 51 75 158 % N/M Compensation and benefits 94 30 19 1
Slide 12: Consolidation & Adjustments
Consolidation & Adjustments 1Q2016 vs. 1Q2016 vs. (In EUR m., unless stated otherwise) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 1Q2015 4Q2015 Total net revenues (55) 458 (214) (162) 72 154 120 (74)% 66 % Provision for credit losses 1 1 1 (1) 1 1 0 (55)% (38)% Compensation and benefits 3,532
Slide 13: Credit risk
Credit risk 1Q2016 vs. 1Q2016 vs. (In EUR m., unless stated otherwise) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 1Q2015 4Q2015 Allowance for loan losses Balance, beginning of period 5,589 5,212 5,315 5,039 4,897 5,212 5,028 (4)% 3% Provision for loan losses 1,129 211 133 169 370 883 292 38 %
Slide 14: Regulatory capital
Regulatory capital Mar 31, 2016 vs. (In EUR m., unless stated otherwise) Dec 31, 2014 Mar 31, 2015 Jun 30, 2015 Sep 30, 2015 Dec 31, 2015 Mar 31, 2016 Dec 31, 2015 CRR/CRD 4 CRR/CRD 4 CRR/CRD 4 CRR/CRD 4 CRR/CRD 4 CRR/CRD 4 2,3,4 Regulatory capital fully loaded fully loaded fully loaded fully loaded
Slide 15: Consolidated Balance Sheet - Assets
Consolidated Balance Sheet - Assets Mar 31, 2016 vs. (In EUR m., unless stated otherwise) Dec 31, 2014 Mar 31, 2015 Jun 30, 2015 Sep 30, 2015 Dec 31, 2015 Mar 31, 2016 Dec 31, 2015 Assets: Cash and central bank balances 74,482 82,777 80,499 91,221 96,940 113,040 17 % Interbank balances without centr
Slide 16: Consolidated Balance Sheet - Liabilities and total equity
Consolidated Balance Sheet - Liabilities and total equity Mar 31, 2016 vs. (In EUR m., unless stated otherwise) Dec 31, 2014 Mar 31, 2015 Jun 30, 2015 Sep 30, 2015 Dec 31, 2015 Mar 31, 2016 Dec 31, 2015 Liabilities and equity: Non-interest bearing deposits 160,733 176,660 184,605 190,917 192,010 185
Slide 17: Leverage ratio measures
Leverage ratio measures Mar 31, 2016 vs. (In EUR bn., unless stated otherwise) Dec 31, 2014 Mar 31, 2015 Jun 30, 2015 Sep 30, 2015 Dec 31, 2015 Mar 31, 2016 Dec 31, 2015 Total assets 1,709 1,955 1,694 1,719 1,629 1,741 7% Changes from IFRS to CRR/CRD41 (264) (407) (233) (299) (234) (350) 50 % Deriva
Slide 18: Non-GAAP financial measures
Non-GAAP financial measures 1Q2016 vs. 1Q2016 vs. (In EUR m., unless stated otherwise) FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY2015 1Q2016 1Q2015 4Q2015 Average shareholders' equity 61,410 71,153 71,865 69,034 64,298 69,055 62,575 (12)% (3)% 24 Post-tax return on equity Post-tax return on average share
Slide 19: Definition of certain financial measures
Definition of certain financial measures Profitability ratios Cost ratios The post-tax return on average shareholders’ equity and average tangible Cost/income ratio: Noninterest expenses as a percentage of total net revenues, shareholders’ equity, at the Group level reflects the reported effective t
Slide 20: Footnotes
Footnotes 1. Based on current CRR/CRD 4 rules (including amendments with regard to leverage 16. Invested Assets include assets held on behalf of customers for investment purposes ratio of Commission Delegated Regulation (EU) 2015/62 published in the Official and/or assets that are managed by DB. Inv