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2021-04-12 Investor Presentation Enneu Investor Presentation All data as of June 30 th 2021 if not marked differently October 7th 2021 Berlin Hyp – Brief Overview Founded 1868 One of Germany‘s leading commercial real estate financiers Main refinancing instrument: Mortgage Pfandbrief Member of the Savings Banks Finance Group Institutional Protection Scheme; 0% risk-weighted for savings banks Exclusively owned by savings banks Increase of intra-group business Green bonds as an important expansion of the bank’s funding mix Issuer of the first Green Pfandbrief Most active European bank issuer of green bonds 13 benchmark-sized green bonds outstanding in three different formats (Covered Bonds, Senior Preferred, Senior Non-Preferred) Early achievement of the stratigic goal for 2020 and definition of new sustainability goals First bank to issue a Sustainability-Linked Bond H1/2021 2020 2019 Total Assets (EUR bn) 35.4 33.4 27.0 Operating Income before risk-provisioning 136.5 158.2 153.6 Allocation to the fund for general banking risks (EUR mn) 112.0 70.0 90.0 Pre-tax profit (EUR mn) 30.1 23.6 61.5 CET1 Ratio 13.9% 13.4% 13.3% Ratings Senior Non-Preferred Senior Preferred Pfandbriefe Moody’s A2 Aa2 Aaa Fitch A+ AA- -- 2 Agenda 01 Business Model 4 02 Financial Figures 8 03 Funding 15 04 Mortgage Pfandbrief 22 05 ESG Funding 27 06 Appendix 54 3 01 Business Model Ownership Structure Sparkassen (via Erwerbsgesellschaft der Sparkassen-Finanzgruppe mbH & Co. KG and Beteiligungsgesellschaft der Sparkassen-Finanzgruppe mbH & Co. KG) 100 % Landesbank Berlin Holding AG Profit & 100 % 100 % Profit & Loss Loss Transfer Transfer 5 Germany’s Savings Banks Group – a National Champion No. of German savings banks 376 Branches 16,360 Employees 290,400 Total assets EUR 1,414 bn Loans to customers EUR 906.0bn Deposits from customers EUR 1,075.0bn No. of private customers 50mn (3/4 of Germany's population) No. of business customers 2mn (3/4 of all businesses) Fitch A+ (Group-Rating) Rating Moody's Aa2 (Floor Rating) As of 31 December 2020 Main advantages for Berlin Hyp • Member of the Savings Banks Finance Group’s joint liability scheme (institutional protection) • 0% risk-weighting for our Pfandbrief/Senior Unsecured within Savings Banks Finance Group • Access to customer deposits via savings banks 6 One of Germany’s Leading Commercial Real Estate Banks • Berlin Hyp‘s core business segment is commercial real estate finance with focus on the economically sound metropolitan areas in Germany which is predominantly refinanced by the issuance of Mortgage Pfandbrief . • In addition, Berlin Hyp increasingly acts as an arranger : e.g. arranging of club deals / leading syndicates, placing out, ImmoSchuldschein 6% 2% Germany - A Cities • Selective foreign business (~ 30% of real 12% Germany - B Cities estate portfolio) in order to diversify risk (considerably stricter lending standards) BeNeLux • Lower LTVs, higher requirements New Mortgage 49% Business concerning rating and risk classes 15% Germany - Rest • Limitation concerning property types Poland / Czech Republic • Concentration on capital regions France 17% 7 02 Financial Figures Key Figures & Business Development Profitability New lending Cost-Income-Ratio (%) in € bn, incl. extension Return on Equity (%) 19.5 16.9 18.2 52.9 8.1 52.3 51.2 7.3 50.3 6.7 11.8 6,0 6.1 11.6 5.4 9.1 45.2 44.0 6.8 2.9 40.9 2015 2016 2017 2018 2019 2020 H1/2021 2015 2016 2017 2018 2019 2020 H1/2021 Allocation to the fund for general banking risks (€ mn) Loan Portfolio Development, RWA Equity Total Capital Ratio (%) in € bn Loan Portfolio RWA (incl. irrevocable loan CET 1 -Ratio (%) commitments) Leverage Ratio (%) 17.4 17.5 16.8 15.8 16.1 13.9 13.3 13.5 13.5 13.4 27.6 28.6 25.5 23.1 20.5 18.3 18.5 4.3 4.1 4.3 3.5 3.9 10.3 10.7 9.1 9.2 9.9 7.6 7.9 20 50 70 105 90 70 112 9 2015 2016 2017 2018 2019 2020 H1/2021 2015 2016 2017 2018 2019 2020 H1/2021 Statement of Profit and Loss EUR mn 2020 2019 2018 2017 2016 Interest / Commission income 333.1 327.5 338.6 310.0 298.4 Interest income 313.1 309.7 315.4 270.9 255.9 Commission income 20.0 17.8 23.2 39.1 42.5 General operating expenditure 173.2 172.3 151.2 134.8 122.3 Staff expenditure 82.0 92.4 83.8 73.6 62.6 Other operating expenditure 70.1 67.5 61.5 55.9 55.3 of which expenditure for bank levy 13.4 12.0 10.6 10.1 10.9 Depreciation of tangible assets 21.1 12.4 5.9 5.3 4.4 Other operating earnings / expenditure -1.7 -1.6 -4.4 -47.0 -20.3 Operating income before risk provisioning 158.2 153.6 183.0 128.2 155.8 Risk provisioning -61.6 2.2 37.4 56.2 -35.7 Provisioning loans -81.4 -7.5 15.5 33.5 -51.3 Provisioning bonds 19.8 9.7 21.9 22.7 15.6 Operating income after risk provisioning 96.6 155.8 220.4 184.4 120.1 Income of financial assets -2.8 -4.0 1.2 3.2 2.8 Allocation to the fund for general banking risks 70.0 90.0 105.0 70.0 50.0 Extraordinary expenditures 0.0 0.0 0.0 0.0 0.0 Other taxes 0.2 0.2 0.2 0.2 0.2 Profit before income tax and profit transfer 23.6 61.6 116.4 117.4 72.7 Income tax 0.2 0.6 0.0 0.4 -0.3 Expenditure from profit transfer 23.4 61.0 116.4 117.0 73.0 Net income of the year 0.0 0.0 0.0 0.0 0.0 10 Statement of Profit and Loss EUR mn H1/2021 H1/2020 ∆ Difference Interest / Commission income 233.8 178.5 55.3 Net interest income 220.8 167.8 53.0 Net commission income 13.0 10.7 2.3 Operating expenditure 94.3 86.8 7.5 Staff expenditure 45.2 35.1 10.1 Other operating expenditure 44.4 39.6 4.8 of which expenditure for bank levy 16.4 13.4 3.0 Depreciation of tangible assets 4.7 12.1 -7.4 Other operating earnings/expenditure -3.0 0.7 -2.7 Operating result before risk provisioning 136.5 92.4 44.1 Risk provisioning -2.5 65.4 62.9 ❗ Operating result after risk provisioning 139 27.0 112 Net income from financial investments 3.2 -1.1 2.1 Allocation to the fund for general banking risks 112.0 20.0 92 ❗ Other taxes 0.1 0.1 0.1 Pre-tax profit 30.1 5.8 24.3 Income tax 0.1 0.1 0.0 Expenditure from profit transfer 30.0 5.7 24.3 Net income 0.0 0.0 0.0 11 Protection of Senior Unsecured Investors / Insolvency Hierarchy* Paid in Capital EUR 753.4mn CET 1 Provisions EUR 182.5mn EUR Buffer before potential 1,495.0mn Equity § 340g HGB senior losses: MREL-Ratio **: EUR 1,766.7 Mrd. EUR 600.mn included in CET1 (based on LR-Exposure) 5,0% of Balance 0 not included in CET1 24.0% 16,4% der RWA 76.9% (based on RWA)*** Deduction Balance Sheet Profit EUR 0.mn EUR 0.0mn Subordinated Liabilities T2 Instruments EUR 230.8 mn Senior Unsecured (Registered Bonds, Bearer Bonds, Promissionary Notes (SSD)) EUR 9,403.0mn Business modell with conservative credit policy Average LTV (portfolio): 52,9% (30.06.2021) * All Data as of 30.06.2021; financial figures ** Note: MREL ratio = Equity + T2-Instruments + Senior Unsecured Leverage Exposure For the MREL ratio only the regulatory senior debt EUR 6,477.4 mn is accounted *** MREL minimum requirement for Berlin Hyp as a single institution is 3% of Leverage Ratio Exposures (LRE) or 10.55 % of Total Risk Exposure Amount (TREA incl. combined capital buffer requirement CBR), effective from 01.02.2021 (to be complied with 100% as of 01.01.2022); in 2021 inclusion of unsecured senior liabilities (Senior Preferred) Berlin Hyp is a member of the Institutional Protection Scheme of the Savings Banks Finance Group. 12 Loan Portfolio Rating classes % • High quality loan portfolio Ratingklasse 1-7 95 • Current crisis has main impact on hotels & retail properties limited exposure Ratingklasse 8-12 4 • New business based on stringent conservative lending policy NPLs • Close monitoring and stress testing of loan portfolio Ratingklasse 13-18 1 € 74mn 0.26% 6% 3% Type of Use % 7% Germany Office 42 14% Geographical BeNeLux distribution of Residential 27 mortgage portfolio France Retail 15 Poland / Czech 71% Republic Management Real 11 Estate/Other Ø LTV Others Logstics 5 52.9% 13 Commercial Real Estate Market Overview: Germany (I) Transaction Volume in Germany 2013-2021 First half of 2021 in EUR bn The first quarter of the year in the commercial and residential real 90 Residential (<50 units ) estate market was dampened by the third wave of the pandemic. 83,8 However, with the progressive easing of the Corona measures in the 79,2 79,2 Other (Hotel) 77,4 second quarter, an investment volume of EUR 33 billion was realised in the first half of the year. Due to the pandemic transactions in large- 72,6 16,3 Logistics scale retail properties slumped - food-anchored properties, on the 17,2 20,0 other hand, remained in demand.
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