Danske Bank A/S · OMXCOP:DANSKE
Danske Bank A/S — Shareholder Meeting (2018)
23 slides from Danske Bank A/S's shareholder meeting presentation, Nov 4, 2018
Slide 1: Welcome to the annual general meeting
Welcome to the annual general meeting
Slide 2: Two main targets
Two main targets Top 2 on customer satisfaction 12.5% Return on shareholders’ equity 2
Slide 3: We maintained good positions in most markets
We maintained good positions in most markets Markets where we have reached our target Personal Banking 3 out of 4 Business Banking 4 out of 4 Corporates & Institutions 4 out of 5 Wealth Management 1 out of 4 Source: Danske Bank, Customer Insights 3
Slide 4: We met our target for the second consecutive year
We met our target for the second consecutive year 13.6% Return on shareholders’ equity Target New financial target At least12.5% in 2018 at the latest Our longer-term ambition is to rank in the top three among our Nordic peers in terms of return on shareholders’ equity 4
Slide 5: Very strong capital position
Very strong capital position CET1 capital ratio (%) Total capital ratio (%) 22,6 21,8 17,6 21,0 Target 16,3 Target 14-15% 16,1 approx.19% 19,3 15,1 2014 2015 2016 2017 2014 2015 2016 2017 5
Slide 6: Dividend pay-out and share buy-back programme
Dividend pay-out and share buy-back programme Proposed dividend of Share buy-back programme in 2018 DKK 10 per share DKK 10 billion – equivalent to 45% of net profit 6
Slide 7: Strong financial results in 2017
Strong financial results in 2017 (DKK millions) 2017 2016 Index Net interest income 23,430 22,028 106 Net fee income 15,304 14,183 108 DKK 48.1 billion Net trading income 7,823 8,607 91 Total income Other income 1,591 3,140 51 Total income 48,149 47,959 100 Operating expenses 22,722 22,642 100 Profi
Slide 8: Good results by our business units
Good results by our business units Profit before tax, Personal Business Corporates Wealth Northern Ireland DKK millions Banking Banking & Institutions Management 2017 2016 5,211 4,963 5% 7,957 6,657 20% 6,375 4,842 32% 4,579 4,823 5% 1,251 1,063 18% • Business volume • Good business • High customer
Slide 9: Four strategic themes set our direction
Four strategic themes set our direction Nordic Customer Digitalisation People potential experience & innovation & culture 9
Slide 10: Solid growth in Norway & Sweden
Solid growth in Norway & Sweden Norway Sweden More new customers because of strong strategic partnership 13% Our strategic partnerships with SACO and TCO drive lending growth Solid progress at Business Banking Good inflow of customers and more new business customers 10% Lending rose New mandates wit
Slide 11: Good developments in Denmark & Finland
Good developments in Denmark & Finland Danmark Finland God position på markedet Good progress within business 27% og samlet markedsandel på 27% Strong market position overall market share and good customers – strong focus on start-ups and digitalisation Udlån steg i 2% Business Banking 2% Lending in
Slide 12: Creating a good customer experience through innovation
Creating a good customer experience through innovation New digital New investment FlexLife® financing solution for offering in Finland New flexible mortgage loan business customers New share investment savings GateTu account in Norway Pocket Money app New digital platform for business customers Mobi
Slide 13: People & culture
People & culture Strategic workforce planning Development and training of managers and employees High employee engagement score 13
Slide 14: New domicile from 2023
| Danske [EEina | i ak 22 | | VMs) ce lm 1 v2 i / Ri a a | a) New domicile from 2023 : Lee EZ
Slide 15: Regulation
Regulation Basel IV MiFID II GDPR PSD2 15
Slide 16: Compliance
Compliance 900 3.9 million staff dedicated to customer transactions compliance work screened every month 15 million 8,600 customer numbers reports made to screened every week authorities every year 16
Slide 17: Our role in society
Our role in society Integrating responsibility Screening investments in our core activities and loans Helping startups Building financial confidence 17
Slide 18: Outlook for 2018
Outlook for 2018 Net interest income Expected to be higher than in 2017 Net fee income Expected to remain strong New dividend Expenses policy Expected to be slightly higher than in 2017 Going forward, the payout ratio will be Loan impairments Expected to be higher but still at a low level 40-60% of
Slide 19: Focus areas for the Board of Directors
Focus areas for the Board of Directors Competency Strategy and Regulation and Corporate Risk Financial and talent customer focus compliance governance management stability development 19
Slide 20: Changes in the Board of Directors and the Executive Board
Changes in the Board of Directors and the Executive Board Thorbjørn Ingrid Bonde Jens Due Olsen Bente Bang Carsten Egeriis Lundholm Dahl Nominated as new Nominated as new New employee New employee Chief Risk Officer candidate for the Board of candidate for the Board of representative representative
Slide 21: Remuneration of the Executive Board
Remuneration of the Executive Board Executive Board remuneration comprises a fixed salary, a short- term incentive programme and a long-term incentive programme Focus on value creation for all stakeholders 21
Slide 22: A solid foundation for future development
A solid foundation for future development 22
Slide 23: 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