Danske Bank A/S · OMXCOP:DANSKE
Danske Bank A/S — Shareholder Meeting (March 2013)
24 slides from Danske Bank A/S's shareholder meeting presentation, Mar 18, 2013
Slide 1: The Board of Directors' report
Danske Bank’s Annual General Meeting 2013 The Board of Directors' report Ole Andersen Chairman, Board of Directors Directors 18 March 2013
Slide 2: General meeting 2013
General meeting 2013 2
Slide 3: We are following our plans for increased customer focus and efficiency
We are following our plans for increased customer focus and efficiency From country Name changed to organisations to Decentralised business Danske Bank in seven business units decisions countries February June July October November January New CEO Credit decisions New Standards New closer to the str
Slide 4: Economic growth remained slow in Europe in 2012
Economic growth remained slow in Europe in 2012 Annual growth 0.90% -0.01% -0.60% -1.10% -2.40% 4
Slide 5: Highlights of the 2012 financial statements
Highlights of the 2012 financial statements Net profit improved DKK 3 billion to DKK 4.7 billion Loan impairment charges fell to the lowest level since the beginning of the crisis ROE of 3.7% is still far below our target Capital ratios and liquidity strengthened significantly in 2012 5
Slide 6: Income generally grew
Income generally grew 2011 2012 Income breakdown (DKK millions ) 23,537 Net interest income 24,788 8,298 Net fee income 8,782 7,325 Net trading income 8,901 3,648 Other income 2,951 569 Insurance bus. income 2,263 6
Slide 7: Rise in income at Danske Bank Markets and Danske Capital
Rise in income at Danske Bank Markets and Danske Capital Profit before tax (DKK millions) Danske Bank Markets & Group Treasury Danske Capital +10% +20% 4.487 1.094 4.097 910 2011 2012 2011 2012 7
Slide 8: Expenses affected by restructuring, but were as planned
Expenses affected by restructuring, but were as planned Expenses (DKK billions) 26.0 26.0 Extraordinary 2.4 3.4 expenses Underlying 23,6 23,2 expenses 2011 2012 8
Slide 9: Lowest impairment charges since the beginning of the financial crisis
Lowest impairment charges since the beginning of the financial crisis Loan impairment charges, 2008 - 2012 (DKK billions) 1% = 100 bp 10 173 bp Impairment charges 9 Impairment ratio 8 7 6 99 bp 5 4 57 bp 52 bp 3 2 1 10 bp 0 2008 2009 2010 2011 2012 9
Slide 10: Overall, a sound rise in profit despite difficult conditions
Overall, a sound rise in profit despite difficult conditions Income statement (DKK millions) 2012 2011 Index Net interest income 24,788 23,537 105 Net fee income 8,782 8,298 106 Net trading income 8,901 7,325 122 Other income 2,951 3,648 81 Income from insurance bus. 2,263 569 - Total income 47,685
Slide 11: New strategy launched — clear goals for 2015
New strategy launched — clear goals for 2015 New vision for 2015 New mission for 2015 Recognised as the most trusted Setting new standards financial partner in financial services Top 1-2: Top 3: Customer Financial satisfaction results 2015 2015 11
Slide 12: New organisation moves decisions closer to the customer
New organisation moves decisions closer to the customer CEO Support functions Personal Business Corporates Danica Danske Banking Banking & Institutions Pension Capital 12
Slide 13: New customer programme launched in Denmark
New customer programme launched in Denmark Three overall objectives Simple and transparent More benefits Fair 13
Slide 14: Good results in the first months of the customer programme
Good results in the first months of the customer programme Almost 450,000 customers have registered Net outflow of about 10,000 customers in January and February Inflow of business has risen more than 25% The number of insurance referrals has doubled 14
Slide 15: Customers use the Bank in new ways
Customers use the Bank in new ways Electronic logons (millions) Teller transactions (millions) 20 3 -74% +79% 16 2 12 1 8 4 0 2009 2013 2009 2013 15
Slide 16: Strong focus on customised solutions for business customers
Strong focus on customised solutions for business customers 16
Slide 17: No. 1 with Corporate & Institutions customers in Denmark
No. 1 with Corporate & Institutions customers in Denmark Points 2011 Points 2012 649 Danske Bank +8% 704 682 Peer 1 671 352 Peer 2 374 165 Peer 3 176 0 Peer 4 88 154 Peer 5 88 Source: Prospera — Large Corporates & Institutions Surveys 2012 17
Slide 18: The Bank's ratings must improve
The Bank’s ratings must improve S&P Moody’s Fitch S&P/Fitch scale Moody’s scale AAA Aaa AA+ Aa1 AA Aa2 AA- Aa3 A+ A1 A A2 A- A3 BBB+ Baa1 BBB Baa2 BBB- Baa3 2006 2007 2008 2009 2010 2011 2012 2013 18
Slide 19: Capital increase the first step towards higher ratings
Capital increase the first step towards higher ratings 21.3 Total capital ratio 17.9 18.9 Tier 1 capital ratio 16.0 14.5 Core tier 1 capital ratio 11.8 Q4 2011 Q4 2012 19
Slide 20: Board of Directors
Board of Directors Chairman Vice Chairman Ole Andersen Niels B. Christiansen Elected by annual general meeting Urban Bäckström Michael Fairey Mats Jansson Jørn P. Jensen Majken Schultz Trond Ø. Westlie Elected by employees Susanne Arboe Helle Brøndum Carsten Eilertsen Charlotte Hoffmann Per Alling T
Slide 21: New targets for more women in Danske Bank's top management
New targets for more women in Danske Bank’s top management 2013 2017 Executive Board 0% 12.5% Board of Directors 12.5% 25% 21
Slide 22: Remuneration policy
Remuneration policy 22
Slide 23: Focus areas for the Board of Directors in 2013
Focus areas for the Board of Directors in 2013 Increase customer satisfaction Increase earnings Raise ratings Regulations Strategy execution 23
Slide 24: Disclaimer
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 United States, or an inducement to enter into