Deutsche Bank Ag · XETR:DBK
Deutsche Bank — DB Global Financial Services Conference 2023
18 slides from Deutsche Bank's conference presentation, May 31, 2023
Slide 1: Accelerated execution of Global Hausbank strategy to drive returns
Deutsche Bank Investor Relations Accelerated execution of Global Hausbank strategy to drive returns Christian Sewing – Chief Executive Officer DB Global Financial Services Conference May 31, 2023 Deutsche Bank Investor Relations
Slide 2: Summary
Summary We materially restructured the bank since 2019 with progress being acknowledged across stakeholders Transformation is clearly paying off; business model has been proven to be profitable, stable and resilient Q1 performance demonstrates the resilience and strength of our franchise, profitabil
Slide 3: We materially transformed the bank since 2019…
We materially transformed the bank since 2019… Create four Invest in technology & Manage and liberate Exit businesses Cut costs client-centric divisions growth capital Simplified setup driven Balanced and Significantly reduced Maintained stable and by Equities trading complementary costs, while self
Slide 4: …and delivered what we have promised
…and delivered what we have promised Return on tangible equity1, in % Cost/income ratio, in % 9.4 108 8.0% Target for 88 85 3.9 2022 75 Mid-to-low 0.2 70s’ percent Target for 2022 (10.9) 2019 2020 2021 2022 2019 2020 2021 20222 CET1 ratio, in % Leverage ratio, in % 13.6 13.6 4.8 4.9 13.4 4.6 13.2 4.
Slide 5: Creating four client-centric businesses with improved revenue growth and profitability
Creating four client-centric businesses with improved revenue growth and profitability Revenue CAGR1 CIR RoTE Corporate Bank Enhanced value proposition, with global network and capabilities, and strengthened client franchise %5 74% 62% 9% 12% 20182 to 20223 2018 2022 2018 2022 Investment Bank Transf
Slide 6: Strong start into 2023 despite volatile environment
Strong start into 2023 despite volatile environment Net revenues, in € bn Cost/income ratio, in % Continued revenue momentum, with Group 5% (2.3)ppt revenue CAGR in line with 2025 targets 7.3 7.7 73.4 71.0 Further improved cost/income ratio, 67% in Q1 2023 with pro-rata annualized-bank levies Q1 202
Slide 7: Balanced portfolio of businesses driving performance…
Balanced portfolio of businesses driving performance… Pre-provision profit1, in € bn, unless stated otherwise Divisional composition2 Q1 2023 LTM Q1 2023 7.1 Resilient pre-provision profit in Q1 2023 with more balanced 6% divisional composition, well-positioned to navigate in volatile times 22% 36%
Slide 8: …with well diversified deposit base and loan book
…with well diversified deposit base and loan book Deposit base, as of Q1 2023 Loan book, as of Q1 2023 By business By product By business By region Investment Bank Term Deposits Other Other Asia & Treasury Other Investment Institutional Term Deposits 3% 0% 2% 11% Private Bank 13% Private Bank Bank C
Slide 9: Progress acknowledged across stakeholders
Progress acknowledged across stakeholders Rating agencies Analyst recommendations2 July 2019 May 2023 Sell Hold Buy Moody’s A3 A1 Long-term Issuer Rating negative stable Fitch BBB BBB+ Long-term Issuer Default Rating evolving positive Standard & Poor’s BBB+ A- Long-term Issuer Credit Rating st
Slide 10: Building on our heritage – Your Global Hausbank
Building on our heritage Your Global Hausbank Deep understanding Long-term oriented partner through every cycle of client needs Digital channels and Global network combined with local expertise personal advice Comprehensive and Agile organization anticipating future client needs sophisticated produc
Slide 11: Global Hausbank positioned for further growth
Global Hausbank positioned for further growth Strategy aligned to trends Equipped to navigate changed interest rate environment Macro shifts Deploy risk management expertise to support clients in volatile markets Ambitious book of work, working towards our 2025 business initiatives and sustain
Slide 12: Accelerated execution of strategic agenda driving returns
Accelerated execution of strategic agenda driving returns Efficiency measures Capital efficiency Revenue growth In € bn Enhanced regional and industry 2.5 RWA reduction in lower- coverage yielding portfolios and Corporate Strategic realignment and future ~€ 15-20bn other optimizations over Bank
Slide 13: Confident to exceed 2025 growth ambitions
Confident to exceed 2025 growth ambitions Financial targets Capital objectives 3.5- >10% <62.5% ~13% 50% 4.5% Cost/income Total payout Post-tax RoTE Revenue CAGR in 2025 2021-2025 ratio CET1 ratio ratio in 2025 from 2025 Well positioned to Increased revenue Reiterate CIR target, Aim to operate with
Slide 14: Aspiration to become industry leader beyond 2025
Aspiration to become industry leader beyond 2025 ✓ Stabilization & transformation Sustainable growth Industry leadership (2019 – 2022) (2023 – 2025) (2025+) Compete to win Strategic path to 2025 Deutsche Bank DB Global Financial Conference, May 31, 2023 13 Investor Relations
Slide 15: Appendix
Appendix Deutsche Bank DB Global Financial Conference, May 31, 2023 14 Investor Relations
Slide 16: Compound annual growth rates (CAGR) of revenues
Compound annual growth rates (CAGR) of revenues In € m, unless stated otherwise FY 20182 FY 20192 FY 20203 FY 20213 FY 20223 CAGR4 2018 - 2022 Net revenues Corporate Bank 5,278 5,247 5,146 5,151 6,335 4.7% Investment Bank 7,561 7,023 9,286 9,631 10,016 7.3% Private Bank 8,520 8,239 8,126 8,234 9,155
Slide 17: Pre-provision profit
Pre-provision profit In € m, unless stated otherwise FY 2021 LTM Q1 2023 Q1 2022 Q1 2023 Q1 2023 vs Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Net revenues Corporate Bank 5,153 1,551 1,564 1,760 1,973 6,848 1,462 1,973 35% Investment Bank 9,631 2,646 2,372 1,675 2,691 9,384 3,323 2,691 (19)% Private Ba
Slide 18: Cautionary statements
Cautionary statements Forward-looking 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
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