Sep 25, 2013 - Recovery momentum today vs. June 2012 p .... Source: Company data, DB Research where not available ... Co
Deutsche Bank
Strategy 2015+: Our journey Anshu Jain Co-Chief Executive Officer, Deutsche Bank BoAML Banking & Insurance CEO Conference London, 25 September 2013
Deutsche Bank
Anshu Jain, BoAML Banking & Insurance CEO Conference 25 September 2013
financial transparency.
We are 16 months into our three year journey Progress on controllables Capital Cap a
Reached eac ed 10% 0% Basel ase 3 co common o equ equity y tier e 1 ratio a o
Cost
Adjusted cost base reduced by EUR 600 m yoy(1)
Competencies p Strengthened g 1H2013 results across divisions Clients
Progressed in delivering ‘One Bank’ to our clients
Culture
Launched new values and beliefs
Changes in uncontrollables Macro/ Markets Regulation Litigation
Macro/market environment has mostly improved Regulation has further intensified Industry-wide issues with larger impact
(1) 1H2013 vs. 1H2012
Deutsche Bank
Anshu Jain, BoAML Banking & Insurance CEO Conference 25 September 2013
financial transparency.
1
Agenda
1
The environment
2
Our journey
3
The dividend
Deutsche Bank
Anshu Jain, BoAML Banking & Insurance CEO Conference 25 September 2013
financial transparency.
2
Macro/markets: In the past year, the macroeconomic and market environment has mostly improved Key developments since June 2012
Recovery momentum today vs. June 2012
Containment of Euro crisis
Jun-12
Sep-13 p
Germany
Europe
US
Japan
Chi China
Other EM
Fed tapering
US recovery
EM volatility
Negative Neutral Positive Source: DB Research
Deutsche Bank
Anshu Jain, BoAML Banking & Insurance CEO Conference 25 September 2013
financial transparency.
3
Intensified regulatory environment in the last year
B k lleverage ratio Bank ti
B k structure Bank t t reform f
Leverage as key regulatory metric agreed, uncertainty around final definition, particular across in p regions
Deutsche Bank
Multiple proposals for separating some trading activities from p taking g deposit
EU compensation rules l Proposal for stricter compensation practices, in particular targeting a better mix of fixed and variable pay
Anshu Jain, BoAML Banking & Insurance CEO Conference 25 September 2013
financial transparency.
Foreign bank rules in th US the Proposal for enhanced regulatory requirements, in particular affecting p , for capitalization, foreign banks
4
Agenda
1
The environment
2
Our journey
3
The dividend
Deutsche Bank
Anshu Jain, BoAML Banking & Insurance CEO Conference 25 September 2013
financial transparency.
5
Solid performance in 1H2013 In EUR bn, unless otherwise stated
Group
Core Bank(1)
1H2013 1H2012
1H2013 1H2012
Net revenues Total noninterest expenses (2) M Memo: adjusted dj t d costt base b P f Performance highlights Income before income taxes Net income Post-tax Post tax return on average active equity
Capital
17.6 13.6 11 9 11.9 3.2 2.0 7.3%
17.2 13.6 12 5 12.5 2.9 2.1 7.5%
17.0 12.3 4.1 2.6 11.8%
16.6 12.5 3.6 2.6 12.1%
Common equity tier 1 ratio (Basel 2.5)
13.3%
10.2%
-
-
Common equity tier 1 ratio (Basel 3)(3)
10.0%
65yr old people, in bn
~2.0 ~1.0
Today
~1.0
Disruptive financial technology Share of online vs. traditional bank users in the US, US 2013
>70%
~0.5
2050
Invest in differentiation and footprint to tailor services to unique needs of EM clients
