Values with impact.
Investor Presentation The Helaba Group Frankfurt / Main, August 2021
Investor Presentation The Helaba Group | August 2021 Agenda
1. Helaba’s Business Model
2.Helaba as Sparkassen Central Bank
3.Business Development
4.Asset Quality
5.Strategic Agenda and Outlook
6.Sustainability in Helaba Group
7.Funding
2 Investor Presentation The Helaba Group | August 2021 Helaba
At a glance
Owners Sparkassen – German savings banks 12% Federal States of Hesse & Thuringia Central S-Group institution for savings 88% German savings bank sector S banks and S-Group bank, acting as a partner rather than a competitor
Customer base Core markets Long-term relationships with corporates, Germany with a regional focus and a institutional clients, the public sector and selected international presence retail customers
Total assets: € 217 bn Pre-tax profit: € 293 m RWA: € 63 bn Employees: approx. 6,200 CET1 ratio: 14.0% Ratings: Moody’s Aa3 / Fitch A+ / S&P A-
As of 30 June 2021
3 Investor Presentation The Helaba Group | August 2021 Helaba’s strategic business model has proven its worth - even in times of crisis
4 Investor Presentation The Helaba Group | August 2021 Helaba’s strategic business model
Commercial bank Central S-Group institution Development bank
As a commercial bank, Helaba is active in Helaba is the central S-Group institution as As the central development bank of the State both Germany and abroad. Stable, long-term well as the preferred service provider and of Hesse, Helaba bundles the administration customer relationships are the hallmarks of product supplier for Sparkassen in Hesse, of public development programmes through Helaba’s approach. It works with companies, Thuringia, North Rhine-Westphalia and its WIBank subsidiary. institutional customers and the public sector. Brandenburg, which account for 40% of all Sparkassen in Germany. Helaba acts as a partner rather than a competitor of the Sparkassen.
5 Investor Presentation The Helaba Group | August 2021 A comprehensive product portfolio for our customers
Real Estate Corporates & Markets Retail & Asset Management Development Business Other
Commercial real estate Corporate Banking Retail banking Public development Project development and finance programmes on behalf of co-ordination as well as Asset Finance Private banking the State of Hesse real estate management for Joint lending activities Home loans and large-scale properties with Sparkassen savings business Issuance of own debt Capital market and treasury Asset management instruments for products institutional and retail Residential real estate customers Cash management portfolio Public finance Custodian banking services International business
6 Investor Presentation The Helaba Group | August 2021 Helaba’s ownership structure
Strongly characterised by the Sparkassen sector with 88 % of share capital
Sparkassen sector S Federal States
Savings Banks and Giro State of Hesse (8.1 %) Association Hesse-Thuringia (68.85 %) Savings Banks Association Westphalia-Lippe (4.75 %) Free State of Thuringia (4.05 %) Savings Banks and Giro Association of the Rhineland (4.75 %) FIDES Alpha GmbH (4.75 %)1 FIDES Beta GmbH (4.75 %)2
88% 12%
Helaba is closely and permanently integrated into the Sparkassen-Finanzgruppe
1) FIDES Alpha GmbH, trustee of the guarantee funds of the regional savings banks associations, represented by the German Savings Banks Association (DSGV) 2) FIDES Beta GmbH, trustee of the guarantee fund of the Landesbanken, represented by the German Savings Banks Association (DSGV)
7 Investor Presentation The Helaba Group | August 2021 Agenda
1. Helaba’s Business Model
2.Helaba as Sparkassen Central Bank
3.Business Development
4.Asset Quality
5.Strategic Agenda and Outlook
6.Sustainability in Helaba Group
7.Funding
8 Investor Presentation The Helaba Group | August 2021 The S Group concept in Hesse & Thuringia
A single economic unit with unique franchise
Facts & figures in 2020 of S Group Hesse & Thuringia Total assets of € 332 bn S Platform for products Profit before taxes (IFRS) of € 724 m SME & retail customers and services Wholesale business 23,474 employees in the region Joint risk management Access to global markets 1,401 branches and offices incl. self-service terminals
Joint market presence Joint risk management
Joint business strategy Uniform risk management strategy Full market coverage Risk monitoring system with early warning indicators (retail and wholesale business) Risk-adjusted contributions to group’s guarantee fund Clear division of customer responsibility Co-ordinated range of products
Joint group reserve fund Consolidated financial statements
Integrated in joint risk management system Consolidated financial statements since 2003 Around € 622 m in addition to existing nationwide Profit before taxes 2020 (IFRS): € 724 m institutional protection schemes as of 31 December 2020 Group ratings from Fitch Ratings (A+) and Standard & Direct protection for creditors in addition to institutional Poor’s (A-) protection
9 Investor Presentation The Helaba Group | August 2021 S-Group concept in Hesse-Thuringia, co-operation agreements with S Group associations in NRW and Brandenburg
S-Group concept in Hesse & Thuringia based on business Co-operation agreements with S-Group associations in model of a single economic unit NRW and Brandenburg
Central S-Group institution for Sparkassen in Hesse and Central S-Group institution for Sparkassen in North Rhine- Thuringia Westphalia and Brandenburg Joint sales and marketing strategy Joint sales and marketing strategy 1. Helaba is preferred S-Group partner 1. Helaba is preferred S-Group partner 2. Target S-Group ratio of 60 – 80 % 2. Target S-Group ratio of 60 – 80 % 3. Clear customer segmentation 3. Clear customer segmentation 4. Co-ordinated range of products 4. Co-ordinated range of products Joint risk monitoring system with traffic-light early Risk and S-Group advisory board warning indicators Consultation role, but no rights of inspection or Risk Committee and S-Group Committee intervention with rights of inspection and intervention Regional reserve fund (only in NRW), contributions by Regional reserve fund to cover mutual risks and directly Sparkassen in NRW protect creditors; contributions by S-Group members Consolidated group financial statements under IFRS, joint group rating
10 Investor Presentation The Helaba Group | August 2021 The leading S-Group Bank within the German S Finanzgruppe
Hesse-Thuringia North Rhine-Westphalia Home region with central S-Group Home region with central S- function for associated Sparkassen Group function for associated Sparkassen and federal states are Sparkassen among Helaba’s shareholders Savings banks associations in “S-Group concept” with business NRW are among Helaba’s model of a single economic unit, joint Berlin shareholders reserve fund as well as consolidated S-Group agreements form basis financial statements and group for co-operation; regional reserve ratings funds in NRW Head offices in Frankfurt and Erfurt Münster Dusseldorf branch office, Münster sales office
Düsseldorf Kassel Erfurt
Brandenburg Other regions Home region with central S-Group function Frankfurt Focus on Rhineland-Palatinate, for associated Sparkassen and S-Group Bavaria and Baden-Württemberg agreements Sales offices in Munich, Stuttgart Berlin sales office and Berlin
Stuttgart Helaba is the central S-Group München institution for around 40 % of Head office Branch office Sales office German Sparkassen
11 Investor Presentation The Helaba Group | August 2021 Agenda
1. Helaba’s business model
2.Helaba as Sparkassen Central Bank
3.Business Development
4.Asset Quality
5.Strategic Agenda and Outlook
6.Sustainability in Helaba Group
7.Funding
12 Investor Presentation The Helaba Group | August 2021 Helaba achieves strong performance in first half of 2021
. Net profit before tax of € 293 m reflects positive development in all business segments
. Further growth in operating activities, with particular rise in net fee and commission income of 6 %
. Risk provisioning of € 141 m remains adequate - still no significant defaults reported
. Solid capitalisation: CET1 ratio at 14.0 %
. Implementation of strategic agenda making good progress and on schedule
. Forecast: Group expects positive trend to continue in second half of 2021 and result for year as a whole significantly above previous
year
13 Investor Presentation The Helaba Group | August 2021 Overview of Helaba Group's earnings position
Income Statement of Helaba Group (IFRS) H1 2020 H1 2021 Change € m € m € m % Net interest income 598 643 45 7.4 Provisions for losses on loans and advances -151 -141 11 7.1 Net interest income after provisions for losses on loans and advances 447 502 55 12.4 Net fee and commission income 211 223 13 6.0 Net income from investment property 105 118 13 12.7 Gains or losses on fair value measurement -303 186 488 n.a. Share of the profit or loss of equity-accounted entities 2 5 3 >100 Other net income 42 41 -1 -2.7 General and administrative expenses (incl. scheduled depreciations) -778 -782 -4 -0.5 Consolidated net profit before tax -274 293 568 n.a. Tax on income 89 -93 -182 n.a. Consolidated net profit -185 201 386 n.a.
14 Investor Presentation The Helaba Group | August 2021 Growth in operating activities, normalisation result from fair value measurement
Reconciliation of net profit before tax (year-on-year) in € m 400 13 12 11 45 -4 200 293
0 488 -274 -200
-400 H1 2020 Result from Loan Net interest Net fee and Gen. & Other H1 2021 fair value loss income commission admin. measurement provision income expenses
15 Investor Presentation The Helaba Group | August 2021 Significant increase in net profit bolsters key indicators
Key ratios
Requirement Target H1 2020 H1 2021 • RoE and CIR return to level clearly within predefined target corridor 2020 ratio thanks to sharp rise in year-on-year net earnings. . Increase in CET1 ratio to 14.0 % and total capital ratio to 17.9 % while Cost-Income Ratio <70% 118.7% 64.3% RWAs stable, mainly due to increase in equity base. Return on equity (RoE) 5-7% -6.3% 6.7% . Clear increase in leverage ratio to 4.9 % yoy and ytd . Liquidity coverage ratio (LCR) amounted to 215.5 %. CET1 ratio 8.75%1 n.a. 13.3% 14.0% . All regulatory capital ratios comfortably exceed requirements. Total capital ratio n.a. 17.7% 17.9%
Leverage Ratio 3.0% n.a. 3.8% 4.9%
Liquidity coverage Ratio 100% >125% 228% 215.5%
1) Derived from SREP requirement for 2020 taking capital buffers and Covid-19 relief measures into account
16 Investor Presentation The Helaba Group | August 2021 Encouraging growth in new business with highly diversified and stable lending volumes
Breakdown of lending volume by customer New medium and long-term business: € 8.4 bn1 (PY: € 9.5 bn) in € bn in € bn Total lending volume Total lending volume 250 224 221 3.7 (PY. 3.3) 24.4 21.4 Real Estate Finance 200 19.4 19.1 33.2 33.4 150 3.8 (PY 5.4) 39.3 32.6 Corporates & Markets 100 43.1 43.8
50 Retail & Asset Management 64.8 71.0 0.01 (PY 0.1) 0 H1 2020 H1 2021 0.9 (PY 0.8) Other Public Sector Commercial Real Estate Financial Institutions Corporates 1) new medium and long-term business excluding WIBank WIBank #REF!Other
. Fall in total lending volume in H1 2021 primarily as a result of lower . Volume of new medium and long-term lending of € 8.4 bn lower level of receivables from financial institutions. Increase in than previous year receivables from public sector . Well-balanced volume of new business in Real Estate Finance and Corporates & Markets segments
17 Investor Presentation The Helaba Group | August 2021 Capital ratios at very good level and comfortably above regulatory requirements
Helaba has adequate capital resources, all regulatory requirements significantly exceeded: Capital ratio development in % points □ CET1 ratio of 14.0 % comfortably above minimum requirement Changes in capital ratio compared to previous year mainly due to 0.5% increase in equity base, while RWAs remain stable. The majority of capital-related increase attributable to retained earnings in 2020 and 0.2% 2021 (on pro rata basis). Risk-weighted assets of € 62.5 bn (H1 2020: € 63.3 bn)
13.3% 13.50% 14.0% 8.75%
CET1 ratio RWA Capital changes CET1 ratio Requirement* H1 2020 changes H1 2021
*Derived from SREP requirement for 2020 taking capital buffers and Covid-19 relief measures into account
18 Investor Presentation The Helaba Group | August 2021 MREL requirements considerably exceeded
MREL requirement (according to EU banking package) from 01 Jan. 2022 onwards, MREL requirement and actual level (based on data 31 Dec. 2019): in % of RWA ∑ 64.8% . 21.60% in respect of RWA (risk-weighted assets) and
19.5% . 7.11% in respect of LRE (leverage ratio exposure)
. “Subordination requirement” at 20.91% RWA* and 7.11% LRE Subordination 26.3% Requirement 20.91% RWA Helaba’s MREL level as of 31 Dec. 2020 , significantly above regulatory 21.6% 19.1% requirements: MREL requirement Actual MREL level (as of 31/12/2019) (as of 31/12/2020) . 64.8% RWA . 20.0% LRE
MREL requirement and actual level . “Subordination Level “ stands at 42.1%* RWA and 14.0% LRE in % of LRE ∑ 20.0%
6.0% Regulatory capital already sufficient to cover Helaba‘s MREL requirements nearly on its own.
Subordination 8.1% High level of senior non-preferred liabilities effectively protects higher-ranking Requirement 7.11% LRE senior preferred class and provides extensive protection within senior non- 7.11% 5.9% preferred class itself. MREL requirement Actual MREL level (as of 31/12/2019) (as of 31/12/2020)
Senior non-preferred MREL requirement Regulatory Capital *to be fulfilled with regulatory capital not covering CBR and “subordinated“ liabilities, i.e. Senior preferred – thereof eligible “senior non-preferred“
19 Investor Presentation The Helaba Group | August 2021 Agenda
1. Helaba’s Business Model
2.Helaba as Sparkassen Central Bank
3.Business Development
4.Asset Quality
5.Strategic Agenda and Outlook
6.Sustainability in Helaba Group
7.Funding
20 Investor Presentation The Helaba Group | August 2021 Diversified credit portfolio with focus on Germany
Breakdown by customer Breakdown by region
Corporates Germany 1% 1% 9% 24% 9% 69% Retail Customers Other
WIBank North America 15% Financial Institutions 22% Rest of Europe Commercial Real Estate 32% 20%
Public Sector
Fall in total lending volume to € 221.2 bn (previous year: € 224.1 bn), while composition of portfolio in terms of customer group and regional distribution almost unchanged Most important customer groups remain the public sector, corporate clients and commercial real estate Strong regional focus on Germany: two-thirds of portfolio attributable to business in home market As of: 30.06.2021
21 Investor Presentation The Helaba Group | August 2021 With a low NPL ratio, Helaba is in a very good position
Total volume of lending Development of NPL1 ratio by default rating category (RC)
5% RK 14-24: Sufficient to lower financial performance; ≙ S&P Rating: < BB 43% 25% RK 8-13: Very good to 0.7% 0.7% satisfactory financial 0.5% performance; ≙ S&P Rating: 0.4% BBB+ to BB
RK 2-7: Exceptionally high to outstanding financial performance; ≙ S&P Rating: AA to A- 27% 31.12.2018 31.12.2019 30.06.2020 30.06.2021 RK 0-1: No default risk to excellent and sustainable financial 1) The NPL ratio is the share of non-performing exposures according the EBA definition performance; ≙ S&P Rating: AAA / in relation to loans and advances to customers/banks. Based on Finrep data AA+
. Total lending volume of € 221.2 bn . As of 30 June 2021, NPL ratio had risen slightly to 0.7 % compared . Excellent to satisfactory credit ratings account for 95 % of total to previous year, which is mainly due to higher level of defaults in lending volume Transport & Storage and Real Estate sectors . Of the € 171.4 bn in loans and advances, non-performing exposures accounted for € 1.1 bn
As of: 30.06.2021
22 Investor Presentation The Helaba Group | August 2021 Proactive risk provisioning to cover potential defaults, amount of Specific Credit Risk Adjustments (Stage 3) increased
Net allocations to risk provisioning H1 2020 H1 2021 . Increase in allocation to loan loss provisions based on € m € m reassessment of risk provisioning requirement for 2021 due to Covid-19 Stage 1 -10 10 . Higher risk provisioning largely due to allocations to stage 2 (in Stage 2 -138 -114 accordance with IFRS 9), including the creation of a management Stage 3 -4 -37 adjustment of € 79 m Direct write-downs -1 -1 Recoveries on previously impaired loans/advances 2 2 Net risk provisioning -151 -141
. Net allocations to loan loss provisions primarily in Other, Corporates & Markets and Real Estate segments Breakdown by segment in € m -30 Real Estate 1 -44 Corporates & Markets -12 -8 Retail & Asset Management -14
Development Business 0 -59 Other (incl. Consolidation) -126 H1 2021 H1 2020 -150 -100 -50 0 50
23 Investor Presentation The Helaba Group | August 2021 Risk provisioning remains adequate
. Decline in risk provisioning costs in relation to RWAs from counterparty risks Loan loss provisions to RWA*) . This corresponds to a cost of risk as of the reporting date of 21 bps in bps (previous year: 21 bps) based on receivables from non-financial corporations 60 . Improvement in macroeconomic environment permitted reversal of allocations due to exceptional circumstances with simultaneous 58 additional increase in portfolio covered by management adjustment.
51
40 H1 2020 H1 2021
* annualised addition to loan loss provisions, RWAs for counterparty risks exclude investment risks
24 Investor Presentation The Helaba Group | August 2021 Real Estate Finance Portfolio Business volume of € 37.5 bn
By type of use By region
Office buildings Germany 5% 46% 41% 18% Logistics 21% Rest of Europe
Residential 18% 8% GB/France Other
20% Retail 23% North America
Balanced portfolio by regions and type of use
Stand: 31.12.2020
25 Investor Presentation The Helaba Group | August 2021 Corporate Banking & Asset Finance Portfolio Business volume of € 46.9 bn
By product area By region Corporate Loans & Lease Finance 1% Germany Other 6% 2% 6% 38% 10% 54% Land Transport Finance Other 9% Aviation 17% Project Finance United Kingdom
Acquisition Finance 5% North America Structured Trade & Export Finance 9% 25% 18% Rest of Europe Asset Backed Finance
Broadly diversified portfolio with focus on Europe
Stand: 31.12.2020
26 Investor Presentation The Helaba Group | August 2021 Focus on portfolios mainly affected by Covid-19 – Commercial Properties & Aviation
Commercial Real Estate Critical situation for commercial properties, excluding specialist retailers or local shopping centres, as Covid restrictions still have negative impact on € 7.2 bn (PY: € 7.4 bn*) tenants' sales and shift away from brick-and-mortar to online retail continues thereof watchlist € 1.0 bn (PY: € 0.2 bn*) Further declines in rents and market values expected in projects bank has financed, depending on location, competitive environment, concept, positioning of respective centre as well as shorter-term leases and/or stronger link between rents and actual generated sales Bank has reacted to this by adjusting its credit risk strategy and approach to new business.
Recent signs of recovery and rise in passenger numbers in European aviation sector. Risks remain due to changing travel restrictions as result of pandemic. Aircraft Finance Asia/Pacific and North America at pre-crisis levels thanks to having already € 2.4 bn (PY: € 3.1 bn*) made further relative progress towards recovery thereof watchlist € 0.7 bn (PY: € 0.3 bn) To date, large number of airlines have received support, either from the state or by raising additional capital Bank has reacted to this by adjusting its credit risk strategy and approach to new business.
* separate Covid-19 watchlist reporting in previous year, transfer of affected customers and transactions to regular watchlist i n course of 2020
27 Investor Presentation The Helaba Group | August 2021 Conclusion and outlook for portfolio quality
GDP in Germany and euro area has returned to positive territory. For the year as a whole, the German economy is expected to grow by 3 % and the euro area by 4.5 %. However, the risk of pandemic-related setbacks remains.
Thanks to the good quality of its portfolio, Helaba performed strongly in the first half of 2021 with virtually no significant credit defaults. Helaba continues to actively manage risks in sectors that have been particularly badly affected by the crisis and is therefore in a good position to respond to further developments.
Forward-looking risk provisioning at portfolio level against a backdrop of continuing uncertainty with regard to how pandemic will develop and resulting effects on credit risks. Risk situation should improve in second half of 2021.
In a stress test conducted in pandemic-hit year, Helaba once again proved to be a stable institution and met the minimum regulatory requirements in stress scenario. Helaba's stress effect is slightly below that of its peer group (BayernLB, DZ Bank, LBBW).
Total risk provisioning for year as a whole expected to be below previous year's level.
28 Investor Presentation The Helaba Group | August 2021 Agenda
1. Helaba’s Business Model
2.Helaba as Sparkassen Central Bank
3.Business Development
4.Asset Quality
5.Strategic Agenda and Outlook
6.Sustainability in Helaba Group
7.Funding
29 Investor Presentation The Helaba Group | August 2021 Implementation of strategic agenda making good progress and on schedule
Diversify our business Modernise the IT Harness sustainability as an model more broadly and infrastructure and drive opportunity for growth and boost efficiency the digital transformation strengthen diversity
Growth initiatives in capital- Programme to modernise IT Expansion of ESG-related efficient and non interest- infrastructure launched product portfolio dependent business lines based on long-term quantitative targets (3x 500)
30 Investor Presentation The Helaba Group | August 2021 Outlook
Thanks to the broadly positive performance in operating activities in the first six months of 2021, we are confident that business will develop well until the end of the year However, over the further course of the year, the Covid-19 pandemic will continue to impact the macroeconomic environment In addition, interest rates will remain low With its business model and strategic agenda, Helaba remains in a strong position to meet these challenges We anticipate that we will be able to generate a consolidated net profit for 2021 that is significantly higher than the previous year's result
31 Investor Presentation The Helaba Group | August 2021 Agenda
1. Helaba’s Business Model
2.Helaba as Sparkassen Central Bank
3.Business Development
4.Asset Quality
5.Strategic Agenda and Outlook
6.Sustainability in Helaba Group
7.Funding
32 Investor Presentation The Helaba Group | August 2021 Helaba‘s approach to sustainability is…
Hands-on
Helaba engages in sector initiatives and Integrated promotes sustainability solutions in financial services Helaba manages sustainability using an integrated KPI-system in business strategy and risk strategy Norm-based
Helaba commits itself to climate protection and internationally recognized sustainability standards
33 Investor Presentation The Helaba Group | August 2021 Sustainability and ESG-Goals of Helaba
ESG-Goals of Helaba Group Specific targets and metrics are developed to achieve the group-wide goals, based on 1 Environment 2 Environment the existing sustainable KPI system We reduce our emissions With our actions in operations we foster achieving as much as possible the Paris climate goals
Selection of sustainability KPIs of Helaba Group 3 Social 4 Social Annual CO2-emissions ~ 11,000 Tons We support women We invest in In fulfilling their our employees career potentials and society Share of renewable energy consumption > 90%
Proportion of female managers 22,8 %
5 ESG (inkl. Governance-Komponenten) average period of service 15 years
We strive for a absenteeism rate caused of illness < 4 % strong & stable ESG-Rating Share of part-time workers 23,1 %
Number of notified corruption proceedings 0
34 Investor Presentation The Helaba Group | August 2021 Helaba has integrated binding sustainability criteria in risk management
Risk management model Binding requirements in risk strategy
Business strategy Overarching principles: (incl. Sustainability strategy) UN Global Compact , OECD-Guidelines for export finance
Exclusions: Risk strategy Nuclear power, coal industry (incl. supply chain), Fracking, Arctic Drilling, oilsands, soft commodities, controversial weapons, gambling, pornography, prostitution
Supervision / Minimum standards (selection): Identification Evaluation Management Reporting Forestry , mining
Binding: Every new business must comply with defined requirements
Complete: Criteria apply to all forms of engagements group-wide
Effective: Since implementation in 2018 no non-compliant new business
Systematic: Annual evaluation process as part of regular risk strategy update
Transparent: Criteria are publicly disclosed on website (sustainability.helaba.com)
35 Investor Presentation The Helaba Group | August 2021 Demand-oriented services with ESG components
Green, Social & ESG-linked ESG-Linked Loans/ Guarantee Transition Finance Facilities Governance
Green Transport ESG in Asset Finance Management Environmental
Green, Social & ESG Impact Green Real Estate ESG-Linked Bonds/ Project Finance Finance Schuldscheine
Sustainable focus Further common through solutions promotional loans Social
36 Investor Presentation The Helaba Group | August 2021 Credit portfolio with positive contribution to ten Sustainable Development Goals
Credit portfolio Helaba Group Evaluation of credit portfolios Ten SDGs with explicit Contribution ca. 208 € bn1 regarding SDG-impact
Access to appropriate Enhance scientific Method of evaluation: social protection Share Industry research and systems and financial . Explicit contribution to a specific SDG development services 30.4% Financial Services (incl. Subgoals)
23.5% Public Administration . Contribution to a least one activity of Promoting the Access to essential German sustainability strategy social, economic 11.4% Commercial Real Estate health-care services and political Preliminary results: and medicines 7.6% Residential Real Estate inclusion for all . Helaba-loans contribute to 10 SDGs 6.0% Manufacturing . Main focus are: Access to adequate, Access to quality 5.5% Energy, Water, Recycling safe and affordable □ Public Administration education housing 4.7% Trade and Services □ Real Estate 3.4% Transportation and Storage □ Energy, Water, Recycling Access to drinking Achieving 3.0% Households □ Transportation environmentally water and sound waste and life- □ Cultural activities increasing recycling 2.2% Culture und Communication cycle management □ Human Health and Social Work 0.9% Human Health and Social Work Access to clean Target: Developing effective, 0.8% Construction energy and accountable and Other (incl. Mining, . Target Quote in final stages increased renewable transparent insti- 0.6% Agriculture) energy sources tutions at all levels
1) Source: Helaba Disclosure Report 2020, Industry breakdown adjusted
37 Investor Presentation The Helaba Group | August 2021 Helaba’s focus on sustainability reflected in sustainability ratings
Among the top 10 % in peer group of 243 banks C C C C . Rating B- for sub-rating “Social & Governance” Prime . Scale from D- to A+ 2018 2019 2020
19.1 Among top 10% in peer group of 407 banks 23.5 20.7 19.1 . Top score for sub-rating “Corporate Governance” Low Risk . Scale from 0 (best) to 100 2019 2020 2021
In upper midfield in peer group of 192 banks A A A A . Top score for sub-rating “Financing Environmental Impact” . Scale from CCC to AAA 2019 2020 2021
BB Among top 5 in peer group of 24 banks B B BB . Rating BBB (positive) for sub-rating “Mortgage Pfandbriefe” Positive . Scale from D to AAA 2018 2019 2020
38 Investor Presentation The Helaba Group | August 2021 Agenda
1. Helaba’s Business Model
2.Helaba as Sparkassen Central Bank
3.Business Development
4.Asset Quality
5.Strategic Agenda and Outlook
6.Sustainability in Helaba Group
7.Funding
39 Investor Presentation The Helaba Group | August 2021 Strong national refinancing base
Funding Strategy . Continued matched funding of new business . Further expansion in strong position among German investors and targeted growth in international investor base . Focus Helaba’s sound “credit story” in and outside Germany . Further development of product and structuring capacity using issuance programmes
Funding Volume Funding Programmes Covered Unsecured Total € 35 bn Medium Term Note-Programme 2020 € 5.9 bn € 16.6 bn € 22.5 bn Domestic issues (base prospectus) 2021 planned € 0 bn € 10.0 bn € 10.0 bn € 10 bn Euro-CP/CD-Programme € 6 bn NEU CP- (former French CD) Programme $ 5 bn USCP-Programme
Broad Access to Liquidity € 49 bn cover pool for covered bonds € 36 bn securities eligible for ECB/ central bank funding € 21 bn retail deposits within Helaba Group
40 Investor Presentation The Helaba Group | August 2021 Long-term liquidity management and high degree of market acceptance
Outstanding medium and long-term funding ( ≥ 1 year): € 120.4 bn
Year-on-year comparison H1 2019 H1 2020 H1 2021 € m € m € m Promissory notes Covered bonds 27,208 37,947 31,898 20% 43% (“Pfandbriefe”) Bank bonds unsecured thereof public sector 15,690 26,468 23,214 thereof mortgage backed 11,518 11,479 8,684 Senior unsecured bonds 23,379 24,228 24,357 Mortgage Pfandbriefe 7% Promissory notes 26,175 37,226 51,804 Miscellaneous* 11,204 11,808 12,313 Public Pfandbriefe Total 87,966 111,210 120,372 20% 10% Other * Subordinated bonds/ participation certificates/ silent partnership contributions/earmarked funds
As of: 30.06.2021
41 Investor Presentation The Helaba Group | August 2021 Helaba took advantage of favourable conditions on capital markets
Helaba stärkt Kapitalbasis durch neues AT1-Haftkapital
Medium and long-term funding (≥ 1 year) in H1 2021 by investor Medium and long-term funding (≥ 1 year) in H1 2021 by product in € bn
23% 1.2 Domestic and International Institutional Investors Earmarked funds
54%
Retail Indirect (Sparkassen via Depot A) Unsecured banks bonds 2.6 2.0
Retail Direct 23% Promissory notes and other loans (Sparkassen via Depot B)
Medium/long-term funding volume in H1 2021: € 5.8 bn (excluding TLTRO III drawdowns) Focus on unsecured funding including debut issue of Green Bond (€ 0.5 bn senior non-preferred) to finance sustainable solar and wind energy projects As of: 30.06.2021
42 Investor Presentation The Helaba Group | August 2021 Helaba Ratings on a high level
Insolvency hierarchy in Germany 1 Issuer Rating L/t Issuer Default Rating1 L/t Issuer Credit Rating Aa3 A+ A-
Covered bonds Public sector CB: Aaa Covered bonds: AAA
Deposits in protection scheme (< € 100,000) (covered deposits pursuant to deposit guarantee scheme)
Deposits from private customers and SMEs (> € 100,000) (eligible deposits pursuant to deposit guarantee scheme)
Senior Preferred Aa3 AA- A- Derivates Structured Notes Other Deposits Senior Preferred Notes
Senior Non-Preferred A2 A+ BBB+ Senior Non-Preferred Notes Senior Non-Preferred Notes (contractual) (statutory)
Tier 2 Baa2 A-
Insolvency / liability cascade 1) Joint group rating for the S-Group Hesse-Thuringia AT1
As of 30 June 2021 CET1
30th of June 2021: Fitch confirmed the rating of S-Group Hesse-Thuringia (A+/F1+), the outlook was raised from “negative“ to “stable“ 24th of June 2021: S&P adjusted its assessment of the German market downward and downgraded the Rating of S-Group Hesse- Thuringia to „A-/A-2“. The outlook was raised from “negative“ to “stable”
43 Investor Presentation The Helaba Group | August 2021 Your contacts
Dirk Mewesen General Manager, Head of Treasury Phone +49 69/91 32 – 46 93 [email protected]
Henning Wellmann Head of Liability Management & Funding Helaba Phone +49 69/91 32 – 31 42 [email protected] Neue Mainzer Straße 52 – 58 60311 Frankfurt /Main Martin Gipp Phone +49 69/91 32 – 01 Head of Funding Phone +49 69/91 32 – 11 81 www.helaba.com [email protected]
Nadia Landmann Debt Investor Relations / Funding Phone +49 69/91 32 – 23 61 [email protected]
Investor Presentation The Helaba Group | August 2021 Disclaimer
This presentation and the information contained herein do not constitute or form part of a prospectus or other offering document in whole or in part and should not be construed as an offer or solicitation to buy or sell any securities or any related financial instruments and should be regarded as informative only. All information is as of the date of publication and can change without any further notice. Whilst every effort has been taken to ensure the accuracy of the presentation material, no guarantee is given nor liability assumed for the information contained herein. Helaba does not offer any advice as regards to taxation and accounting or legal matters. From the past result, performance or achievements no conclusions as to the future results, performance or achievements can be drawn. The H1 2021 group financial information are based on the audited, non-attested IFRS group accounts. Therefore, all calculations based upon these figures are preliminary and should be regarded as informative only. All forms of distribution of this document require the prior written approval by Helaba.
© Landesbank Hessen-Thüringen Girozentrale, Frankfurt /Main and Erfurt
45 Investor Presentation The Helaba Group | August 2021