Commerzbank Ag · XETR:CBK
Commerzbank — Debt Investor Presentation (August 2019)
48 slides from Commerzbank's debt investor presentation, August 2019
Slide 1: Commerzbank investor update H1 2019
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Commerzbank investor update H1 2019 Continued momentum in customer business in challenging e
Slide 2: Disclaimer
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Disclaimer The information contained herein has been compiled by Commerzbank Aktiengesellsch
Slide 3: Agenda
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Agenda 1 Commerzbank at a glance Slide 3 2 Q2 2019 results (audit review) Slide 11 3 Capital
Slide 4: Commerzbank at a glance
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Commerzbank at a glance GM – Investor Relations | GM – Treasury | August 2019 3
Slide 5: Facts and Figures: an Overview
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Facts and Figures: an Overview A leading international commercial bank with a client-focusse
Slide 6: Facts and Figures: Commerzbank's Global Presence
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Facts and Figures: Commerzbank’s Global Presence • Saint Petersburg London • Almaty Beijing
Slide 7: Facts and Figures: Selected Group Financial Figures
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Facts and Figures: Selected Group Financial Figures Q2 2018 FY 2018 Q2 2019 Shareholder stru
Slide 8: Strategic Positioning: Commerzbank 4.0
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Strategic Positioning: “Commerzbank 4.0” Our goal: higher profitability and enhanced competi
Slide 9: Segments of Commerzbank: Private and Small-Business Customers
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Segments of Commerzbank: Private and Small-Business Customers €m Q2 2018 FY 2018 Q2 2019 Rev
Slide 10: Segments of Commerzbank: Corporate Clients
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Segments of Commerzbank: Corporate Clients €m Q2 2018 FY 2018 Q2 2019 Revenues 901 3,418 776
Slide 11: 2020: Commerzbank 4.0 – a Strategy with three major Cornerstones
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient 2020: Commerzbank 4.0 – a Strategy with three major Cornerstones Focussed business model › W
Slide 12: Q2 2019 results (audit review)
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Q2 2019 results (audit review) GM – Investor Relations | GM – Treasury | August 2019 11
Slide 13: Continued momentum in customer business in challenging environment
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Continued momentum in customer business in challenging environment Highlights Q2 2019 Furthe
Slide 14: Key financial figures at a glance
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Key financial figures at a glance Group Financial Results Group Capital2 Exceptional Revenue
Slide 15: Revenues and operating results of Commerzbank divisions
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Revenues and operating results of Commerzbank divisions Private and Small Business Customers
Slide 16: Operating result reflects resilient customer business
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Operating result reflects resilient customer business – but weak contribution from fair valu
Slide 17: Cost development remains in line with FY guidance
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Cost development remains in line with FY guidance H1 2018 vs. H1 2019 transition Personnel e
Slide 18: Risk result driven by single cases
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Risk result driven by single cases Risk Result Risk Result divisional split (€m) Risk Result
Slide 19: Private and Small Business Customers: net new customer acquisition
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Private and Small Business Customers: net new customer acquisition on target – Assets under
Slide 20: Private and Small Business Customers: progress in line with strategy
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Private and Small Business Customers: progress in line with strategy Operating result Segmen
Slide 21: Corporate Clients: 2020 customer growth and loan volume targets reached
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Corporate Clients: 2020 customer growth and loan volume targets reached Net new customers Lo
Slide 22: Corporate Clients: stable customer business but lower fair value result
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Corporate Clients: stable customer business but significantly lower fair value and increased
Slide 23: Asset & Capital Recovery: segment dissolved as of July 1st
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Asset & Capital Recovery: segment dissolved as of July 1st following successful portfolio ru
Slide 24: Objectives and expectations for 2019
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Objectives and expectations for 2019 2019 – Outlook We continue our growth strategy and expe
Slide 25: Capital management and funding
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Capital management and funding GM – Investor Relations | GM – Treasury | August 2019 24
Slide 26: Capital ratio increased to 12.9% on capital built
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Capital ratio increased to 12.9% on capital built RWA development by RWA classification Tran
Slide 27: SREP 2019 – CET1 ratio well above requirement
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient SREP 2019 – CET1 ratio well above requirement Commerzbank CET1 ratio › Commerzbank CET1 rati
Slide 28: Distance to MDA strengthened by AT1 issuance
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Distance to MDA strengthened by AT1 issuance Distance to MDA – Status quo and pro-forma USD
Slide 29: Total Capital – Development of Tier 2
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Total Capital – Development of Tier 2 Total Capital² Tier 2 roll-off profile1 (%) (€bn) 16.0
Slide 30: Issuance strategy consistent with MREL requirement
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Commerzbank’s issuance strategy consistent with MREL requirement MREL requirement MREL ratio
Slide 31: Capital markets funding activities in 2019
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Capital markets funding activities in 2019 Funding structure1 Group Funding activities H1 20
Slide 32: Diversification of funding sources – optimisation of capital structure
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Diversification of funding sources – optimisation of capital structure New issues activities
Slide 33: Commerzbank well known with Asian investors
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Commerzbank well known with Asian investors Tier 2 issues successfully placed into the Asian
Slide 34: Rating overview Commerzbank
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Rating overview Commerzbank As of 7 August 2019 Bank Ratings S&P Moody’s Fitch Scope Counter
Slide 35: Key elements of our capital management and funding
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Key elements of our capital management and funding Covered Bonds in the form of mortgage-bac
Slide 36: Appendix
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Appendix GM – Investor Relations | GM – Treasury | August 2019 35
Slide 37: Appendix
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Appendix Commerzbank Group P&L Tables Commerzbank financials at a glance 39 Commerzbank Grou
Slide 38: German creditor hierarchy – Implementation of BRRD Article 108
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient German creditor hierarchy – Implementation of BRRD Article 108 Commerzbank instrument rating
Slide 39: German economy 2019/2020 – looking for the turn-around
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient German economy 2019/2020 – looking for the turn-around › In H1 2019 the German economy staye
Slide 40: Commerzbank financials at a glance
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Commerzbank financials at a glance Group Q2 2018 Q1 2019 Q2 2019 H1 2018 H1 2019 Operating r
Slide 41: Continuing loan and deposit growth
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Continuing loan and deposit growth PSBC Loan volume Corporate Clients Loan volume (€bn) Depo
Slide 42: Significant NII potential in scenario of rising interest rates
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Significant NII potential in scenario of rising interest rates 100 bp parallel up-shift in r
Slide 43: Weakening of both USD and GBP, with net positive impact on capital ratio
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Weakening of both, USD and GBP, with net positive impact on capital ratio QoQ Change in FX c
Slide 44: Leading German provider of Renewable Energy Project Finance
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient We are a leading German provider of Renewable Energy Project Finance funding and will become
Slide 45: Commerzbank Group
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Commerzbank Group Q1 Q2 H1 Q3 Q4 FY Q1 Q2 H1 €m 2018 2018 2018 2018 2018 2018 2019 2019 2019
Slide 46: Commerzbank Group – Exceptional Revenue Items
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Commerzbank Group Exceptional Revenue Items Q1 Q2 H1 Q3 Q4 FY Q1 Q2 H1 €m 2018 2018 2018 201
Slide 47: Glossary – Key Ratios
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient Glossary – Key Ratios Key Ratio Abbreviation Calculated for Numerator Denominator Private an
Slide 48: For more information, please contact Commerzbank's IR team
Commerzbank 4.0 These written materials and the information contained herein may not be published and may not be distributed in the United States of America, Canada and Australia simple – digital – efficient For more information, please contact Commerzbank’s IR team Christoph Wortig (Head of Investo
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