111104 Q3 2011 Presentation-Final

Asset Based Finance
in € m
Eric Strutz ‌ CFO ‌‌‌
Frankfurt ‌‌‌
November 4th, 2011
Q1
2010
Q2
2010
Net interest income 298 320 283 901 261 296 256 240 792
Provisions for loan losses -325 -354 -493 -1,172 -412 -241 -233 -254 -728
Net interest income after provisions -27 -34 -210 -271 -151 55 23 -14 64
Net commission income 88 80 83 251 76 81 87 69 237
Net trading income and net income on hedge accounting -4 30 -49 -23 -55 -86 52 -40 -74
Net investment income -2 -158 -51 -211 -141 -42 -936 -1,370 -2,348
Current income on companies accounted for using the equity method -2 2 -9 -9 -11 -8 -7 1 -14
Other income 14 -21 -23 -30 -84 16 4 3 23
Revenues before LLP 392 253 234 879 46 257 -544 -1,097 -1,384
Revenues after LLP 67 -101 -259 -293 -366 16 -777 -1,351 -2,112
Operating expenses 152 147 144 443 166 154 144 143 441
Operating profit -85 -248 -403 -736 -532 -138 -921 -1,494 -2,553
Impairments of goodw ill and brand names - - - - - - - - -
Restructuring expenses - 33 - 33 - - - - -
Pre-tax profit -85 -281 -403 -769 -532 -138 -921 -1,494 -2,553
Average capital employed 6,441 6,395 6,440 6,425 5,829 5,612 5,195 5,415 5,407
RWA (End of Period) 88,137 90,377 85,589 85,589 78,824 73,580 71,384 73,178 73,178
Cost/income ratio (%) 38.8% 58.1% 61.5% 50.4% 360.9% 59.9% n/a n/a n/a
Operating return on equity (%) -5.3% -15.5% -25.0% -15.3% -36.5% -9.8% -70.9% -110.4% -63.0%
Return on equity of pre-tax profit (%) -5.3% -17.6% -25.0% -16.0% -36.5% -9.8% -70.9% -110.4% -63.0%
Q3
2010
9M
2010
Q4
2010
Q1
2011
Q2
2011
Q3
2011
9M
2011
39