Deutsche Bank Ag · XETR:DBK
Deutsche Bank — Q1 2017 Earnings Presentation
26 slides from Deutsche Bank's earnings presentation, Apr 27, 2017
Slide 1: Financial Data Supplement Q1 2017
Deutsche Bank Financial Data Supplement Q1 2017 27 April 2017
Slide 2: Q1 2017 Financial Data Supplement
Q1 2017 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 segmen
Slide 3: Financial summary
Financial summary Q1 2017 vs. Q1 2017 vs. FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Q1 2016 Q4 2016 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 % 0.0 ppt (0.0)ppt CRR/CRD4 leverage exposure, in € bn.1 1,395 1,390 1,415 1,
Slide 4: Consolidated Statement of Income
Consolidated Statement of Income Q1 2017 vs. Q1 2017 vs. (In € m.) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Q1 2016 Q4 2016 Interest and similar income 25,967 6,032 6,721 6,359 6,523 25,636 6,138 2% (6)% Interest expense 10,086 2,108 3,029 2,834 2,958 10,929 3,071 46 % 4% Net interest
Slide 5: Net revenues - Segment view
9 Net revenues - Segment view Q1 2017 vs. Q1 2017 vs. FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Q1 2016 Q4 2016 Global Markets: Sales & Trading (equity) 3,337 751 720 603 428 2,502 674 (10)% 58 % Sales & Trading (debt and other products) 8,215 2,067 1,825 2,067 1,381 7,340 2,290 11 % 6
Slide 6: Global Markets
Global Markets Q1 2017 vs. Q1 2017 vs. (In € m., unless stated otherwise) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Q1 2016 Q4 2016 Sales & Trading (equity) 3,337 751 720 603 428 2,502 674 (10)% 58 % Sales & Trading (debt and other products) 8,215 2,067 1,825 2,067 1,381 7,340 2,290 11
Slide 7: Corporate & Investment Banking
Corporate & Investment Banking Q1 2017 vs. Q1 2017 vs. (In € m., unless stated otherwise) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Q1 2016 Q4 2016 Trade Finance & Cash Management Corporates 2,803 657 635 690 645 2,627 634 (4)% (2)% Institutional Cash & Securities Services 1,867 457 48
Slide 8: Private, Wealth & Commercial Clients
Private, Wealth & Commercial Clients Q1 2017 vs. Q1 2017 vs. (In € m., unless stated otherwise) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Q1 2016 Q4 2016 Credit products 2,159 540 563 565 555 2,223 551 2% (1)% Deposit products 1,332 312 288 269 269 1,138 254 (18)% (6)% Investment & ins
Slide 9: Deutsche Asset Management
Deutsche Asset Management Q1 2017 vs. Q1 2017 vs. (In € m., unless stated otherwise) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Q1 2016 Q4 2016 Management Fees 2,344 542 540 550 564 2,196 562 4% (0)% Performance & Transaction Fees 247 22 26 44 128 220 19 (13)% (85)% Other Revenues 172 8
Slide 10: Postbank
Postbank Q1 2017 vs. Q1 2017 vs. (In € m., unless stated otherwise) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Q1 2016 Q4 2016 Current Accounts 1,179 282 273 267 279 1,101 283 1% 1% Loans 1,112 283 276 278 296 1,133 308 9% 4% Savings 695 162 150 143 136 590 127 (22)% (6)% Home Loans & S
Slide 11: Non-Core Operations Unit
Non-Core Operations Unit Q1 2017 vs. Q1 2017 vs. (In € m., unless stated otherwise) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Q1 2016 Q4 2016 Total net revenues 794 16 (349) (191) 142 (382) - N/M N/M Provision for credit losses 51 75 5 17 31 128 - N/M N/M Compensation and benefits 86 1
Slide 12: Consolidation & Adjustments
Consolidation & Adjustments Q1 2017 vs. Q1 2017 vs. (In € m., unless stated otherwise) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Q1 2016 Q4 2016 Total net revenues 196 126 (41) (206) (343) (463) (372) N/M 8% Provision for credit losses (0) 1 (1) (0) (0) (0) (1) N/M N/M Compensation and
Slide 13: Credit risk
Credit risk Q1 2017 vs. Q1 2017 vs. (In € m., unless stated otherwise) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Q1 2016 Q4 2016 Allowance for loan losses Balance, beginning of period 5,212 5,028 4,644 4,476 4,562 5,028 4,546 (10)% (0)% Provision for loan losses 882 292 287 300 469 1,3
Slide 14: Regulatory capital
Regulatory capital Mar 31, 2017 vs. (In € m., unless stated otherwise) Dec 31, 2015 Mar 31, 2016 Jun 30, 2016 Sep 30, 2016 Dec 31, 2016 Mar 31, 2017 Dec 31, 2016 CRR/CRD 4 CRR/CRD 4 CRR/CRD 4 CRR/CRD 4 CRR/CRD 4 CRR/CRD 4 2,3 Regulatory capital fully loaded fully loaded fully loaded fully loaded ful
Slide 15: Consolidated Balance Sheet - Assets
Consolidated Balance Sheet - Assets Mar 31, 2017 vs. (In € m., unless stated otherwise) Dec 31, 2015 Mar 31, 2016 Jun 30, 2016 Sep 30, 2016 Dec 31, 2016 Mar 31, 2017 Dec 31, 2016 Assets: Cash and central bank balances 96,940 113,040 122,868 108,250 181,364 179,461 (1)% Interbank balances without cen
Slide 16: Consolidated Balance Sheet - Liabilities and total equity
Consolidated Balance Sheet - Liabilities and total equity Mar 31, 2017 vs. (In € m., unless stated otherwise) Dec 31, 2015 Mar 31, 2016 Jun 30, 2016 Sep 30, 2016 Dec 31, 2016 Mar 31, 2017 Dec 31, 2016 Liabilities and equity: Non-interest bearing deposits 192,010 185,652 193,722 192,664 200,122 206,7
Slide 17: CRR/CRD4 Leverage ratio measures
1, 3 CRR/CRD4 Leverage ratio measures Mar 31, 2017 vs. (In € bn., unless stated otherwise) Dec 31, 2015 Mar 31, 2016 Jun 30, 2016 Sep 30, 2016 Dec 31, 2016 Mar 31, 2017 Dec 31, 2016 Total assets 1,629 1,741 1,803 1,689 1,591 1,565 (2)% Changes from IFRS to CRR/CRD4 (234) (350) (389) (335) (243) (196
Slide 18: Non-GAAP financial measures (1/5)
Non-GAAP financial measures (1/5) Q1 2017 vs. Q1 2017 vs. (In € m., unless stated otherwise) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Q1 2016 Q4 2016 Global Markets: Income (loss) before income taxes (IBIT) (1,811) 395 30 332 (734) 23 240 (39)% N/M Net Income (loss) (1,170) 259 20 217
Slide 19: Non-GAAP financial measures (2/5)
Non-GAAP financial measures (2/5) Q1 2017 vs. Q1 2017 vs. (In € m., unless stated otherwise) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Q1 2016 Q4 2016 Deutsche Asset Management: Income (loss) before income taxes (IBIT) 685 162 171 216 (752) (203) 181 12 % N/M Net Income (loss) 442 106
Slide 20: Non-GAAP financial measures (3/5)
Non-GAAP financial measures (3/5) Q1 2017 vs. Q1 2017 vs. (In € m., unless stated otherwise) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Q1 2016 Q4 2016 Consolidation & Adjustments: Income (loss) before income taxes (IBIT) (770) 57 42 (215) (425) (541) (406) N/M (5)% Net Income (loss) (3
Slide 21: Non-GAAP financial measures (4/5)
Non-GAAP financial measures (4/5) Q1 2017 vs. Q1 2017 vs. In € m. FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Q1 2016 Q4 2016 Global Markets: Noninterest expenses 12,593 2,385 2,349 2,204 2,140 9,077 2,338 (2)% 9% Impairment of Goodwill and other intangible assets 1,568 0 285 (0) 0 285 0
Slide 22: Non-GAAP financial measures (5/5)
Non-GAAP financial measures (5/5) Q1 2017 vs. Q1 2017 vs. In € m. FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Q1 2016 Q4 2016 Postbank: Noninterest expenses 5,497 697 690 665 763 2,815 657 (6)% (14)% Impairment of Goodwill and other intangible assets 2,597 0 0 0 0 0 0 N/M N/M Litigation
Slide 23: 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 As the final implementation of CRR/CRD 4 may differ from our expectations, and contain non-GAAP financial measures. Non-GAAP financial measures are our
Slide 24: Definition of certain financial measures (2/3)
Definition of certain financial measures (2/3) Return on Equity Ratios (cont’d) Allocation of Average Shareholders’ Equity (cont’d) For the Group, it reflects the reported effective tax rate which was 35 % for the Goodwill and other intangibles continue to be directly attributed to the three months
Slide 25: Definition of certain financial measures (3/3)
Definition of certain financial measures (3/3) Book Value and Tangible Book Value per Basic Share Other key ratios (cont’d) Outstanding Book value per basic share outstanding: Book value per basic share Book value per basic share outstanding and tangible book value per basic outstanding is defined a
Slide 26: Footnotes
Footnotes 1. Based on current CRR/CRD 4 rules (including amendments with regard to leverage 11. Segment assets represent consolidated view, i.e. the amounts do not include ratio of Commission Delegated Regulation (EU) 2015/62 published in the Official intersegment balances (except for Central Liquid