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PDF Investors Presentation Investor presentation April 2021 Leading lender for green and social infrastructre 1990 4.7million FOUNDING YEAR CLIENTS 100% subsidiary Second largest Local authorities. companies of BayernLB and retail clients onlinebank in Germany Industry Leader in sustainability 110 billion 77billion BALANCE SHEET TOTAL CLIENT LOANS One of the top 20 banks in Germany in Germany 4.500 954 million EMPLOYEES NET INTEREST INCOME Target: Sustainable TechBank Stable Development. Despite Corona crisis. Business Results . Continued growth in lending business across . Net interest income at previous year's level with all segments of EUR 7bn EUR 954m . Significant deposit growth of EUR 11.6bn . Profit before tax of 249m above expectations . The main driver of the increase in total assets . Investments in transformation. digitization and is participation in the TLTRO programme with restructuring as main cost drivers EUR 14bn Risk Ratios . Robust credit portfolio in the environment of the . Return on equity: 7.7% corona crisis due to focus on sectors largely . Cost-Income-Ratio: 61.2% independent of economic cycles . Equity ratio: 11.6% . Improved risk result compared to the previous year 3 I Investor presentation I April 2021 I IFRS-data as of 31/12/2020 Corona-crisis impact. Minor. Germany Business Development . Comprehensive package of measures by the . Up to 90% of employees took advantage of the home German government and federal states to office option in 2020 combat the economic consequences of corona . Support of borrowers with the help of promotional . Public authorities and development banks as loans and other tools financiers and guarantors for many aid . Stable core business programmes Risk management Credit risk . Operational risks limited by digital mindset and . Credit Risk Task Force established to monitor and appropriate technology and processes manage the Corona crisis . No relevant liquidity effects . DKB's business almost exclusively in Germany . Equity exposure in the low three-digit range . Only single customer groups affected by Corona pandemic - including tourism . Bond exposure almost exclusively in LCR-eligible bonds of core European issuers 4 I Investor presentation I April 2021 I IFRS-data as of 31/12/2020 Covid-19. Impact scenario analysis. Loan volume (EUR bn) Corona impact scenario 30 . German Savings Banks Association Housing (DSGV) has published a scenario 24,5 analysis regarding the impact of Covid-19 20 Local authorities & social infrastructure . Based on economic sectors and 16,8 DSGV industry forecast . Considers supply shortfalls. the drop Environmental in demand and the government technologies 10 8,9 interventions Food & agriculture Individual clients . Impact index (6 = strong impact of 3,8 Energy & supply 2.6 Other corporates crisis. 1 = low impact) 7,2 (incl. Tourism) 1,3 . “Translation” of the impact index into 0 DKB client groups DSGV 0scale 1 2 3 4 5 6 Source: DSGV and DKB 5 I Investor presentation I April 2021 I IFRS-data as of 31/12/2020 Agenda. 1 Business model 2 Facts and figures 3 Sustainability 4 Funding 5 Contact 6 I Investor presentation I April 2021 I IFRS-data as of 31/12/2020 1 Business model. 2 7 I Investor presentation I April 2021 I IFRS-data as of 31/12/2020 Ownership structure. Munich. Berlin. Association of Bavarian Savings Banks Free State of Bavaria BayernLB Holding AG ≈ 75 % ≈ 25 % 100% Binding letter of comfort and profit/loss transfer agreement Real Estate & Corporates & Markets Savings Banks/Association . Specialized bank for future . Real estate financier in Germany . Innovative Tech-Bank with sectors and chosen markets abroad sustainable focus (#geldverbesserer) . Structuring experts . Central Bank of the Bavarian . Strong earnings growth planned savings banks and partner for . Focused financial markets offer through targeted doubling of customer public business base 8 I Investor presentation I April 2021 I IFRS-data as of 31/12/2020 Business model. Market leadership. Infrastructure 48.6 . Second biggest Online Bank in Germany . Financing of services for the public welfare . Market leader regarding current accounts Retail clients 13.8 . Biggest renewable energy portfolio in . Projects usually with a Germany Corporate municipal background . Market leader in clients 14.0 agricultural business Loan volume = 70% of total assets 9 I Investor presentation I April 2021 I IFRS-data as of 31/12/2020 Business units. Two. Business customers Retail clients 26 branches across Germany Infrastructure Corporate clients Online 7.2bn approach 8.9bn 8.7bn 24.5bn Energy & New energies supply 2.5bn 3.8bn Mortgage loans 16.8bn Housing Personal loans 2.6bn 1.3bn Food & agriculture Local authorities & Individual clients social Other and other infrastructure corporates 10 I Investor presentation I April 2021 I IFRS-data as of 31/12/2020 Customer strategy. Growth. Sustainability. 8m clients until 2024 9,0 8,0 7,0 6,0 Scalability of lending 5,0 DKB Broker business 4,0 3,0 Increase 2,0 Expansion of profitability product range 1,0 DKB Cash 0,0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 11 I Investor presentation I April 2021 I IFRS-data as of 31/12/2020 Digitization. Key to success. DKB Crowd Own Fintech Stake in municipal funding platform 12 I Investor presentation I April 2021 I IFRS-data as of 31/12/2020 2 Facts & Figures. 13 I Investor presentation I April 2021 I IFRS-data as of 31/12/2020 Overview. Key figures* 2020 2019 2018 2017 2016 2015 Total assets 109.840 m 83.754 m 77.388 m 77.323 m 76.522 m 73.429 m Customer receivables 76.557 m 69.526 m 65.933 m 64.552 m 63.228 m 61.582 m Customer liabilities 72.409 m 60.767 m 54.366 m 53.931 m 53.438 m 48.558 m Net interest income 954 m 954 m 945 m 935 m 795 m 790 m Profit after tax 249 m 298 m 301 m 263 m 327 m 225 m Cost income ratio (CIR) 61.2% 56.7% 51.5% 50.8% 45.8 % 48.0 % Return on equity (ROE) 7.7% 9.5% 10.2% 9.6% 12.4 % 9.6 % Equity ratio 11.6% 11.1% 11.1% 10.5% 10.0 % 9.1 % * DKB Group in accordance with IFRS. Angaben in EUR 14 I Investor presentation I April 2021 I IFRS-data as of 31/12/2020 Business performance. Positive. Loan volume (EURbn) Customer deposits (EURbn) +7.1 76.6 +3.6 69.5 0,2 72.4 65.9 +11.6 0,2 13,8 4,6 0,1 12,8 +6.4 60.8 12,4 14,0 54.4 3,6 4,0 13,2 13,5 49,4 40,8 35,0 48,6 40,2 43,0 2,4 2,3 2,5 13,0 14,1 15,9 2018 2019 2020 2018 2019 2020 Infrastructure Corporates Retail Other Infrastructure Corporates Retail Other . Growth was driven by all segments, especially the . Exceptional growth in deposits, especially in the retail customer groups, products: customer segment - Local authorities & social infrastructure . Slight increase in deposit volumes in the corporate - Housing customer segment - Mortgage Loans 15 I Investor presentation I April 2021 I IFRS-data as of 31/12/2020 Earning figures. Solid. Net interest income (EURm) Cost Income Ratio LCR 61,2% 56,7% 31.12.2020 356% 945 954 954 51,5% 31.12.2019 164% 2018 2019 2020 2018 2019 2020 Net profitTourismusafter tax (EURm) Return on equity Leverage Ratio 10,2% 9,5% 7,7% 31.12.2020 3.64% 301 298 249 31.12.2019 3.71% 2018 2019 2020 2018 2019 2020 16 I Investor presentation I April 2021 I IFRS-data as of 31/12/2020 Risk and figures. Improved. RWAs based on SA* (EURbn) Risk result (EURm) Equity ratios (SA*) 10.8% 11.1% 11.6% 76,6 65,9 69,5 9.4% 9.3% 9.6% - 112 31,5 33,2 33,7 - 56 - 39 9.1% 9.1% 9.1% 2018 2019 2020 2018 2019 2020 2018 2019 2020 Equity ratio Loan book RWAs Core capital ratio (T1) Common equity ratio (CET1) Loan portfolio quality Non Performing Loans Capital measures 0,5% 1,1% Investmentgrade (bis BBB-) 0.9% . Equity increase of EUR 200 9,9% 0.9% Non-Investmentgrade (bis BB-) 0,5% million through capital reserve Non-Investmentgrade (bis C) allocation by BayernLB 88,6% Non Performing Loans 2018 2019 2020 * Standardised approach (SA) 17 I Investor presentation I April 2021 I IFRS-data as of 31/12/2020 3 Sustainability. 18 I Investor presentation I April 2021 I IFRS-data as of 31/12/2020 Sustainability. A business model. 1996 2001 First wind 2004 2011 2014 2018 turbine Launch of the First social bond Establishment of EMAS- Account opening 2016 financed. online bank. issued. DKB STIFTUNG. Certification process First green bond becomes 100% issued. digital. 1998 2002 2009 2015 First day-care First public- Sustainability Industry centre for private management Leader with children (Kita). 2020 partnership 2000 embedded ISS-oekom for project. 2017 2019 First 2003 directly in the 2013 the first time. World's first blue New forms of biogas First Board of DKB Bürger- social bond work through plant. PV plant Management. sparen issuance financed. scheme. “Projekt Arbeiten 4.0” project. 19 I Investor presentation I April 2021 I IFRS-data as of 31/12/2020 Sustainability approach. Blue. Differentiation Blue sustainability . Expansion of the concept of sustainability . Ecological + social . Sustainable Development . Orientation towards people's Goals (SDGs) as a needs strategic foundation . Positioning sustainability in the . Inclusive instead of mainstream exclusive 20 I Investor presentation I April 2021 I IFRS-data as of 31/12/2020 Sustainability goals.
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