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FI Presentation Dec17 Final These written materials and the information contained herein are not being issued and may not be distributed in the United States of America, Canada, Japan or Australia. Commerzbank 4.0 transformation continues – stable business performance in Q3 Credit update to fixed income investors – Q3 2017 results GM – Investor Relations | GM – Treasury | Europe | December 2017 These written materials and the information contained herein are not being issued and may not be distributed in the United States of America, Canada, Japan or Australia. Disclaimer This presentation contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include, inter alia, statements about Commerzbank’s beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates, projections and targets as they are currently available to the management of Commerzbank. Forward-looking statements therefore speak only as of the date they are made, and Commerzbank undertakes no obligation to update any of them in light of new information or future events. By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include, among others, the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which Commerzbank derives a substantial portion of its revenues and in which it hold a substantial portion of its assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of its strategic initiatives and the reliability of its risk management policies. In addition, this presentation contains financial and other information which has been derived from publicly available information disclosed by persons other than Commerzbank (“external data”). In particular, external data has been derived from industry and customer-related data and other calculations taken or derived from industry reports published by third parties, market research reports and commercial publications. Commercial publications generally state that the information they contain has originated from sources assumed to be reliable, but that the accuracy and completeness of such information is not guaranteed and that the calculations contained therein are based on a series of assumptions. The external data has not been independently verified by Commerzbank. Therefore, Commerzbank cannot assume any responsibility for the accuracy of the external data taken or derived from public sources. Copies of this document are available upon request or can be downloaded from https://www.commerzbank.de/en/hauptnavigation/aktionaere/investor_relations.html GM – Investor Relations | GM – Treasury | Europe | December 2017 1 Commerzbank 4.0 These written materials and the information contained herein are not being issued and simple – digital – efficient may not be distributed in the United States of America, Canada, Japan or Australia. Commerzbank at a glance: Selected Group Financials Figures 9M 2016 FY 2016 9M 2017 Shareholder structure as of Nov. 2017 Total revenues 7,000 9,399 6,971 (in €m) > 5% Op. result 1,062 1,399 1,144 > 5% Cerberus (in €m) BlackRock 1 Consolidated profit 96 279 66 4 (in €m) ~25% Cost income ratio Private 76.1 % 75.5 % 76.0 % op. business Investors ~50% Institutional Investors CET 1 2 12.3 % 12.3 % 13.5 % Op. RoTE 3 5.4 % 5.3 % 5.7 % > 15% Federal Republic of 30.09.2016 31.12.2016 30.09.2017 Germany Employees 42,512 42,190 41,626 (FTE) 1) Attributable to Commerzbank shareholders 4) Incl. (€807m) restructuring charges GM – Investor Relations | GM – Treasury | Europe | December 2017 2) Basel 3 fully phased-in 2 3) Operating return on tangible equity Commerzbank 4.0 These written materials and the information contained herein are not being issued and simple – digital – efficient may not be distributed in the United States of America, Canada, Japan or Australia. Commerzbank at a glance: Strong Commitment to our European Core Market Commerzbank’s core market is defined as Europe excluding Russia 15 European branches and additional •St. Petersburg representative offices ensure a comprehensive presence in the Moscow •• European core market • Minsk Amsterdam Warsaw • • Kiev London • Prague Brussels• • Pilsen Ostrava Luxemburg ••• • mBank is one of the most innovative • Brno • Bratislava Paris• • Budapest banks in Europe with 5 million clients Vienna • Zurich• 1 • Bucharest Zagreb• in Poland, Czech Republic, and Milano• Belgrade• Istanbul Slovakia • • Barcelona Madrid • €1,282m operating result in FY 2016 out of Europe ● Branches ● Representative Offices ~94% of the risk-weighted assets for ● Subsidiaries credit risks are located in Europe 1) As well as five other agencies in Basel, Bern, Lausanne, Lucerne and 3 GM – Investor Relations | GM – Treasury | Europe | December 2017 St. Gall Commerzbank 4.0 These written materials and the information contained herein are not being issued and simple – digital – efficient may not be distributed in the United States of America, Canada, Japan or Australia. Commerzbank 4.0: A Strategy with three major Cornerstones Focussed business model › We will focus on business in two operating segments: Private and Small Business Clients and Corporate Clients › We will continue to reduce our non-core activities consequently Digital enterprise › We will transform the bank into a digital enterprise › Until 2020, we will digitise 80 % of all relevant processes of the whole bank Enhancing efficiency › We will simplify the bank to enhance our efficiency › We will generate additional competitive advantages due to the simplification of our processes GM – Investor Relations | GM – Treasury | Europe | December 2017 4 Commerzbank 4.0 These written materials and the information contained herein are not being issued and simple – digital – efficient may not be distributed in the United States of America, Canada, Japan or Australia. Commerzbank 4.0: Our strategic Targets for 2020 Figures Current rates Rising rates Net new customers 2 million 2 million Strategy (PSBC) Assets under Control > €400bn > €400bn (Germany) Digitalisation ratio 80 % 80 % Revenues €9.8-10.3bn €11.3bn Costs €6.5bn €6.5bn Cost income ratio < 66 % ~60 % op. business CET 1 1 > 13 % > 13 % Net RoTE 2 > 6 % > 8 % 1) Basel 3 fully phased-in 5 GM – Investor Relations | GM – Treasury | Europe | December 2017 2) Net return on tangible equity Commerzbank 4.0 These written materials and the information contained herein are not being issued and simple – digital – efficient may not be distributed in the United States of America, Canada, Japan or Australia. Commerzbank 4.0 transformation continues – stable business performance in Q3 Highlights Q3 2017 Commerzbank 4.0 transformation continues › Successful transfer of €3.5bn Consumer Loans from JV in Q3 › Growth ahead of plan – strong customer and associated asset growth support revenues › Digital transformation and restructuring program well on track Q3 2017 with operating result of €629m and net result of €472m › Strong revenues of €2.5bn benefitting from exceptional revenue items of €502m › Stable expenses of €1.7bn and LLPs of €168m › 9M 2017 operating result of €1.144m and net result of €66m Strong balance sheet and sound capital ratio › CET1 ratio increased to 13.5%, leverage ratio comfortable at 4.7% › Sound risk profile with NPL ratio of 1.5% › Again strong delivery in run-down of Ship Finance portfolio to €3.3bn in Q3 2017 GM – Investor Relations | GM – Treasury | Europe | December 2017 6 Commerzbank 4.0 These written materials and the information contained herein are not being issued and simple – digital – efficient may not be distributed in the United States of America, Canada, Japan or Australia. Growth ahead of plan – strong customer and associated asset growth support revenues Strong growth in PSBC Germany… …supporting revenues Customers +0.5m (9M 2017) +0.3m +0.3m +4% 2015 2016 9M 2017 Securities +€17bn (9M 2017) 9M 2017 additional revenues +€10bn +€6bn +10% ~€100m 20152016 9M 2017 Loans +€8bn +€6bn (9M 2017) +€5bn +7% 2015 2016 9M 2017 Revenues from growth almost completely offset drag from negative rates and pricing competition GM – Investor Relations | GM – Treasury | Europe | December 2017 7 Commerzbank 4.0 These written materials and the information contained herein are not being issued and simple – digital – efficient may not be distributed in the United States of America, Canada, Japan or Australia. Progress of key execution indicators in line with plan Net new customers (GER) Assets under Control (GER) Market share SBC 1) (Wallet) Private and (m cumulated) (€bn eop) (%) 2.0 >400 8 Small 6 0.6 366 5 Business 0.5 >345 Customers Since 2017 2020 9M 2017 2017 2020 9M 2017 2017 2020 10/2016 Net new customers Revenues/ RWA Market share TFS 2) (GER) (k cumulated) (%) (%) 10.0 4.2 32 Corporate 30 30 Clients 4.1 3.5 3.7 3.7 Since 2017 2020 9M 2017 2017 2020 9M 2017 2017 2020 01/2016 Digitalisation ratio Digital IT investments FTE development (%) (%) (k) 80 50 50 41.6 42 40 36 Group 43 50 9M 2017 2017 2020 9M 2017 2017 2020 9M 20172017 2020 1) SBC = Small Business Customers 8 GM – Investor Relations | GM – Treasury | Europe | December 2017 2) TFS = Trade Finance & Services Commerzbank 4.0 These written materials and the information contained herein are not being issued and simple – digital
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