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Integration progress on schedule<br />
Key milestone in Q3: successful software harmonization<br />
Cost synergies<br />
End of September 2010 >45%<br />
of total synergy targets of<br />
€2.4bn achieved<br />
Forecast 2010 at €1.1bn<br />
Cost synergies 2010<br />
in € bn<br />
1.0<br />
Plan<br />
2010<br />
1.1<br />
as of Sep<br />
2010<br />
Eric Strutz CFO <br />
Frankfurt <br />
November 8th, 2010<br />
Integration charges<br />
Integration charges above<br />
plan in 2010 due to higher IT<br />
investments<br />
Total integration charges<br />
confirmed at €2.5bn<br />
Integration charges 2010<br />
in € bn<br />
0.4 0.4<br />
Plan<br />
2010<br />
Ytd<br />
Personnel reduction<br />
80% of overall reduction<br />
contracted (>6.900 FTE)<br />
Reduction of staff faster than<br />
planned<br />
Personnel reduction<br />
in FTE<br />
3,000<br />
Original<br />
Guidance<br />
4,662<br />
as of Sep<br />
2010<br />
3
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