Danske Bank A/S · OMXCOP:DANSKE
Danske Bank A/S — H1 2013 Earnings Presentation
20 slides from Danske Bank A/S's earnings presentation, Aug 1, 2013
Slide 1: Financial results for the first half of 2013
PRESS CONFERENCE Financial results for the first half of 2013 Eivind Kolding CEO & Chairman of the Executive Board Henrik Ramlau-Hansen CFO & Member of the Executive Board 1 August 2013 The press conference will be webcast live on www.danskebank.com
Slide 2: Agenda
Financial results for the first half of 2013 Agenda Financial results for the first half of 2013 Strategy update 2
Slide 3: Net profit: Increase of 61% under difficult market conditions
Financial results for the first half of 2013 Net profit: Increase of 61% under difficult market conditions Income statement (DKK m) H1 2013 H1 2012 Index Net interest income 10,956 11,367 96 Net fee income 4,470 4,061 110 Net trading income 3,929 6,533 60 Other income 653 646 101 Net income from ins
Slide 4: Income: Core income stable, while trading and insurance income declined
Financial results for the first half of 2013 Income: Core income stable, while income from trading and insurance declined because of turbulent markets Income breakdown (DKK m) H1 2012 H1 2013 11,367 Net interest income 10,956 4,061 Net fee income 4,470 6,533 Net trading income 3,929 646 Other income
Slide 5: Income: Income stable at Personal Banking and Business Banking; increase at Danske Capital
Financial results for the first half of 2013 Income: Income stable at Personal Banking and Business Banking; increase at Danske Capital Income breakdown (DKK m) H1 2012 H1 2013 8,317 Personal Banking 8,233 6,004 Business Banking 5,983 Corporates & 6,624 Institutions 4,513 709 Danske Capital 929 843
Slide 6: Impairments: Sharp decline across the board
Financial results for the first half of 2013 Impairments: Sharp decline across the board Loan impairment charges (DKK bn) Loan impairment charges, 2008-2013 (DKK bn) H1 2012 Impairments Loan loss ratio* (rhs) H1 2013 10 180 1,638 9 Personal Banking 150 1,098 8 7 120 Business 2,449 6 Banking 974 5 90
Slide 7: Earnings: Profit before tax at Personal Banking and Business Banking triples
Financial results for the first half of 2013 Earnings: Profit before tax at Personal Banking and Business Banking triples owing to lower impairments Profit before tax (DKK m ) H1 2012 H1 2013 338 Personal Banking 1,100 865 Business Banking 2,277 Corporates & 3,907 Institutions 1,962 253 Danske Capit
Slide 8: Capital: Capital ratios remain high; solid capital buffer of DKK 82 bn
Financial results for the first half of 2013 Capital: Capital ratios remain high; solid capital buffer of DKK 82 bn Effect of FSA orders on capital base* (%) Effect of FSA orders on individual solvency need (DKK bn) Total capital ratio Capital buffer Tier 1 ratio (including state hybrid) Individual
Slide 9: Outlook for full-year 2013: Another step towards our 2015 targets
Financial results for the first half of 2013 Outlook for full-year 2013: Another step towards our 2015 targets New strategy The implementation of New Standards is proceeding according to plan Financial results Net profit of DKK 6.5-9.0 bn because of uncertain market conditions Income Total income is
Slide 10: Financial targets for 2015: Four targets already achieved
Financial results for the first half of 2013 Financial targets for 2015: Four targets already achieved Ambition Year Status 30 June 2013 Comments Return on Equity Above 12% 2015 5.2% On track (Short-term interest rates of 2%) Ratings Improve ratings by at least one notch 2015 S&P/Moody’s/Fitch In pr
Slide 11: We are working to become the most trusted financial partner
Financial results for the first half of 2013 We are working to become the most trusted financial partner Customer satisfaction 2015 Financial results 2015 We will rank No. 1 or 2 in customer Our ROE will be among the top three satisfaction in our focus segments in our Nordic peer group 11
Slide 12: We are setting new standards in financial services
Financial results for the first half of 2013 We are setting new standards in financial services Stronger customer focus by consolidating and Advisory services investing in our employees’ competencies Tailor-made products and solutions From individual products to 360◦ advisory services Digitalisation
Slide 13: Many new digital initiatives at Personal Banking
Financial results for the first half of 2013 Many new digital initiatives at Personal Banking Initiatives, H1 2013 Customer developments • About 750,000 customers in Denmark registered Spending overview for the customer programme in the first half-year • About 40,000 customers have left us in Denmar
Slide 14: Online meetings set new standards
Financial results for the first half of 2013 Online meetings set Over 300,000 have new standards downloaded MobilePay Uses Electronic Immediate Secure Flexible Simple Telephone wallet transfer contacts 14
Slide 15: In close collaboration with C&I, Business Banking can now give customers access to the entire product range
Financial results for the first half of 2013 In close collaboration with C&I, Business Banking can now give customers access to the entire product range Large SMEs Small SMEs Corporates Business Online & Institutions New unit for large Strengthening of Products business customers Erhverv Direkte Com
Slide 16: Access to the business's finances any time and anywhere
Financial results for the first half of 2013 Access to the business’s finances any time and anywhere 16
Slide 17: Positive trend in the Danish economy – we are ready with financing
Financial results for the first half of 2013 Positive trend in the Danish economy – we are ready with financing Danish consumer confidence index, 2009-13 6 3 0 -3 -6 -9 -12 2009 2010 2011 2012 2013 17
Slide 18: The course is set …
Financial results for the first half of 2013 The course is set … Greatly improved financial results Strong focus on strategy implementation • Many new initiatives for customers • Advisory services and digitalisation • Efficiencies • Upgrade of competencies We are open for business 18
Slide 19: www.danskebank.com/ir
Financial results for the first half of 2013 Please use the microphone beside your seat www.danskebank.com/ir 19
Slide 20: Disclaimer
Financial results for the first half of 2013 Disclaimer Important Notice This presentation does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire securities of Danske Bank A/S in any jurisdiction, including the