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Commerzbank AG Investor Presentation 2011

Nov 4, 2011

81_rns_2011-11-04_17a20234-86db-4c5d-8d48-c0b08820f101.pdf

Investor Presentation

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9M 2011: Commerzbank is realizing its cost synergies Commerzbank Group, in € m

Commerzbank – Figures, Facts, Targets

Investor Relations

3rd Quarter 2011

Authorised by 'Bundesanstalt für Finanzdienstleistungsaufsicht' and by the Financial Services Authority; regulated by the Financial Services Authority for the conduct of UK business.

This publication appears four times a year to accompany the quarterly results and the annual financial statements.

This presentation can also be found on Commerzbank's website, in German and English.

  • German: www.commerzbank.de Investor Relations Analysten Handouts
  • English: www.commerzbank.com Investor Relations Analyst Handouts

Completed on November 3, 2011

Commerzbank – Figures, Facts, Targets

Content

Highlights Q3 2011
Summary Q3 2011 ______ 2
9M revenues before LLP
in the core bank increased
Profit per quarter ________ 3
Commerzbank Group's
income statement
Net interest income ______ 4
Loan loss provisions
by segment
Breakdown of net
commission income _____ 5
Net trading income and net
result from hedge accounting
Operating expenses _____ 6
Profitability ratios
Development of business volumes ______ 7
Claims on customers
Probability of default rating ______ 8
Breakdown of assets
Breakdown of liabilities ___ 9
Revaluation reserve
RWA, Tier 1 capital ratio,
total capital ratio and
core Tier 1 capital ratio __ 10
Impact of Basel III
M-t-m effects drives
B/S increase q-o-q ______ 11
Segment reporting
Value drivers ____ 12
Operating profit by segment
Average capital employed ______ 13

Mittelstandsbank ___________________ 15 Central & Eastern Europe ____________ 16 Corporates & Markets _______________ 17 Asset Based Finance _______________ 18 Core Bank with significantly improved result Group equity definitions ______________ 19 Funding plan 2012 Measures to meet capital requirements of the EU summit _______ 20 Conclusion and Outlook Key figures of Commerzbank share _______________________ 21 Commerzbank's shareholders Equity and market capitalization _______ 22 Performance of the Commerzbank share Trading volume of the Commerzbank share ________________ 23 Offices of Commerzbank Group worldwide Personnel data ____________________ 24

Private Customers __________________ 14

All figures – if not stated otherwise – according to IAS/IFRS

9M operating profit of the Core Bank more than doubled

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1
  • 9M revenues before LLP in the Core Bank increased by €1bn (+12%)
  • Moderate LLP level of Core Bank in Q3, lower provisioning need in ABF (y-o-y)
  • Overall cost base decreased y-o-y by 7% due to realization of cost synergies
  • Operating profit affected by impairment on Greek sovereign bonds (€798m) and PF de-risking

* Consolidated result attributable to Commerzbank shareholders ** incl. Others & Consolidations

Operating profit of Core Bank reached €3bn within 9 months

9M revenues before LLP in the Core Bank increased by €1bn (+12%)

* incl. Others & Consolidations

Profit per quarter

Commerzbank Group's income statement

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Net interest income

Loan loss provisions by segment

Commerzbank Group, in € m

Breakdown of net commission income

Net trading income and net income from hedge accounting

Commerzbank Group, in € m

Operating expenses

Profitability ratios

Development of business volumes

Claims on customers1)

Commerzbank Group

Probability of Default-Rating of Commerzbank

Breakdown of assets

Commerzbank Group, in € m

Balance-sheet total

Breakdown of liabilities

Revaluation reserve

in € bn

RWA, Tier I capital ratio, total capital ratio and core Tier I capital ratio

Impact of Basel III compensated by active management – base case* RWA target <€265bn

* subject to measurements further to the recent EBA capital exercise and additional regulatory requirements

M-t-m effects drives B/S increase q-o-q

Total Assets

in € bn

Increase since June mainly due to m-t-m effects in derivatives

RWA

in € bn

Ongoing active management in reducing RWA

-13%

Dec 2010

280 268

Sep 2010

Core Tier 1 and Tier 1 ratio in %

Equity T1 ratio per Sep 2011 at 8.6%

244

Sep 2011

Segment reporting

Commerzbank Group, 1.1.-30.9.2011, in € m

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Value drivers

Commerzbank Group, 1.1.-30.9.2011, in € m

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1) annualized

Sound performance of Core Bank weighed down by sovereign debt crisis

Average capital employed within Commerzbank Group

Average, 1.1.-30.9.2011

Private Customers

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Central & Eastern Europe

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Corporates & Markets

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› Lower customer turnover due to severe market conditions in traditionally weaker Q3

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9
0
9

Funding need until end 2012 in a range of €6–8 bn

* 2011 funding exceeding upper end of plan (€10-12bn)

  • Due to continued balance sheet reduction maturing capital markets liabilities will not have to be fully replaced in 2012
  • Unsecured funding needs will be covered via private placements into Commerzbank's franchise
  • Further funding opportunities in 2011 will be used to cover 2012 funding plan
  • Funding need from 2013 onwards expected to go down further

Broad range of measures to meet capital requirements of the EU summit

1) The EBA details the EU measures to restore confidence in the banking sector, published Ocotber 26th, 2011

Conclusion and Outlook

Key figures of Commerzbank share

Commerzbank's shareholders

as of 30.9.2011

Equity and market capitalization

Performance of the Commerzbank share

Month-end figures, January 2009 = 100

Trading volume1) of the Commerzbank share

Offices of Commerzbank Group wordwide

as of 30.9.2011

Personnel data

C
G
b
k
o
m
m
e
r
a
n
r
o
p
z
u		 2
0
0
8		 1)
2
0
0
9		 2
0
1
0		 3
0
9
2
0
1
1
E
l
m
p
o
e
e
s
y		 4
3
,1
6
9		 6
2
6
7
1
,		 5
9
,1
0
1		 5
8
7
6
3
,

in
G
e
r
m
a
n
y		 2
8,
4
4
7		 4
6,
4
7
8		 4
5,
3
0
1		 4
0
3
5
5
,

b
d
a
r
o
a		 1
4
,7
2
2		 1
6,
1
9
3		 1
3,
8
0
0		 1
3
2
8
7
,

1) since 2009 New Commerzbank

Disclaimer

Reservation regarding forward-looking statements

This publication contains forward-looking statements on Commerzbank's business and earnings performance, which are based upon our current plans, estimates, forecasts and expectations. The statements entail risks and uncertainties, as there are a variety of factors which influence our business and to a great extent lie beyond our sphere of influence. Above all, these include the economic situation, the state of the financial markets worldwide and possible loan losses. Actual results and developments may, therefore, diverge considerably from our current assumptions, which, for this reason, are valid only at the time of publication. We undertake no obligation to revise our forward-looking statements in the light of either new information or unexpected events.

2012 Financial Calendar

February 23, 2012 Annual Results Press Conference
End-March 2012 Annual Report 2011
Early-May 2012 Interim Report Q1 2012
May 23, 2012 Annual General Meeting
Early-August 2012 Interim Report Q2 2012
Early-November 2012 Interim Report Q3 2012

Commerzbank AG Head Office Kaiserplatz Frankfurt am Main

www.commerzbank.com Postal address 60261 Frankfurt am Main

Group Management Investor Relations

Head: Tanja Birkholz Jürgen Ackermann Dirk Bartsch Wennemar von Bodelschwingh Sandra Büschken Michael Desprez Ute Heiserer-Jäckel Michael Klein Volker von Krüchten Patricia Novak Simone Nuxoll Christina Peric Stefan Philippi Klaus-Dieter Schallmayer Assistants: Anna Binder Katja Schlett

Tel. +49 (0)69 / 136-2 22 55 Fax +49 (0)69 / 136-2 94 92 Mail [email protected]

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