Allianz SE · XETR:ALV

Allianz — Merger or Acquisition (September 2008)

8 slides from Allianz's merger presentation, Sep 1, 2008

  1. Slide 1: Banking consolidation in Germany

    Michael Diekmann, CEO Banking consolidation in Germany September 1, 2008

  2. Slide 2: Milestone in German banking consolidation

    1 Milestone in German banking consolidation ƒ Valuation of Dresdner Bank EUR 9.8bn (100%), Status reduced by risk shield amounting to EUR 975mn Allianz Commerz- quo bank ƒ 15 years of sales cooperation 100% 100% ƒ Two-step sale of Dresdner Bank Dresdner Cominvest Bank ƒ First Step: - Sale of 60.2% o

  3. Slide 3: Next level in Bancassurance

    2 Next level in Bancassurance Current Distribution of Allianz New Distribution of Allianz products products through Dresdner through combined Commerzbank/Dresdner Clients: 6.3mn Clients: 11mn1 +75% Franchise Branches: 900 Branches: ~ 1,2001 +33% Banking share in new business (2007 in %) 12.4% 310820

  4. Slide 4: Assurbanking optimized

    3 Assurbanking optimized Allianz Banking / OLB Allianz Banking initiative ƒ Allianz to keep 1mn banking Preferred product supplier customers from Dresdner Bank within the newly founded banking unit >14,000 Allianz Advisors ƒ OLB1 to become main retail banking 31082008 Presentation MD engl 24.ppt Exc

  5. Slide 5: Further strengthening of Asset Management

    4 Further strengthening of Asset Management AuM1 (EUR bn) ƒ Combination of Allianz Global Investors’ and Cominvest’s strengths and expertise under the roof of Allianz Global Investors 269 Germany 31082008 Presentation MD engl 24.ppt ƒ Largest asset manager in Germany with AuM of >EUR 325bn ƒ Allianz

  6. Slide 6: An eventful past

    5 An eventful past 1. Consolidation moved forward, despite financial crisis 2. Further development of Allianz with Dresdner Bank ƒ dit + RCM ƒ Development of bancassurance and assurbanking ƒ New set-up of Allianz Deutschland AG enabled by acquisition of Dresdner Bank 31082008 Presentation MD engl 24

  7. Slide 7: Conclusion

    6 Conclusion ƒ Creation of leading German bank for private and corporate customers ƒ Enhancement of Allianz’ exclusive banking distribution partnership in Germany ƒ Independent and focused assurbanking platform ƒ Creation of Germany’s # 1 asset manager 31082008 Presentation MD engl 24.ppt ƒ Economic

  8. Slide 8: Disclaimer

    Disclaimer These assessments are, as always, subject to the disclaimer provided below. Cautionary Note Regarding Forward-Looking Statements The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management's current views

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