Commerzbank. Update on New Group Pro Forma Reporting Basis for 2006

Transcription

1 Commerzbank Update on New Group Pro Forma Reporting Basis for 2006 Frankfurt am Main,

2 Agenda Executive summary of reporting changes p. 3 New reporting on pro forma basis 2006 p. 7 Appendix: previous reporting on pro forma basis 2006 p. 16 2

3 Please note that all figures are based on the Q I 2006 pro forma full consolidation of Eurohypo 3

4 Executive summary of reporting changes Changes in segment structure German asset management (cominvest) disclosed under Private and Business Customers Real estate asset management shown under Commercial Real Estate International asset management will be included in Others and Consolidation Precious metal operations previously allocated to Mittelstand now reported under Corporates & Markets Changes in line item reporting as well as in allocation of Treasury revenue and operating expenses FX sales margins previously booked as trading result, now as commission income (in line with other banks) Allocation of stable revenue and associated operating expenses of Treasury Commerzbank AG on global basis instead of domestic basis. At the same time, alignment of allocation of revenue and operating expenses of Treasury Eurohypo with Commerzbank AG 4

5 Changes in segment structure New allocation of Asset Management units Pro forma 2006 in m Asset Management ("prev.") German Asset Management Real Estate Asset Management International Asset Management Revenue Operating expenses Operating profit Private and Business Customers Commercial Real Estate Others and Consolidation Impact of allocation of precious metals operations from Mittelstand to Corporates & Markets Pro forma 2006 Mittelstand C &M Revenue - 20 m + 20 m Operating expenses - 9 m + 9 m Operating profit - 11 m + 11 m Marginal differences may occur due to rounding. 5

6 Changes in line item reporting as well as in allocation of revenue and operating expenses FX sales margins Pro forma 2006 Corporates & Markets Net commission income + 66 m Trading profit - 66 m Impact of allocation of revenue and operating expenses of Treasury Commerzbank AG and Eurohypo Pro forma 2006 PBC MSB C&M CRE PFT Revenue + 26 m + 17 m - 13 m + 27 m - 57 m Operating expenses + 17 m + 8 m - 19 m + 24 m - 30 m Operating profit + 9 m + 9 m + 6 m + 3 m -27 m Marginal differences may occur due to rounding. 6

7 7

8 New reporting - Group Pro forma 2006 in m Private and Business Customers Mittelstand Corporates & Markets Commercial Real Estate Public Finance & Treasury Others and Consolidation Group Net interest income 1,326 1, ,145 Provision for possible loan losses Net interest income after provisioning 726 1, ,215 Net commission income 1, ,965 Trading profit ,111 Net result on investments and securities portfolio Other result Revenue 2,112 1,896 1,573 1, ,049 Operating expenses 2,118 1, ,334 Operating profit ,715 Restructuring expenses Pre-tax profit ,462 Average equity tied up 2,634 2,869 2,294 4,016 1, ,203 Operating return on equity (%) Cost / income ratio in operating business (%) Return on equity of pre-tax profit (%)

9 New reporting - Group Net interest income 1,060 1,060 1, ,145 Provision for possible loan losses Net interest income after provisioning ,215 Net commission income ,965 Trading profit ,111 Net result on investments and securities portfolio Other result Revenue 2,367 2,027 1,629 2,026 8,049 Operating expenses 1,320 1,327 1,292 1,395 5,334 Operating profit 1, ,715 Restructuring expenses Pre-tax profit 1, ,462 Average equity tied up 12,191 12,217 12,207 12,197 12,203 Operating return on equity (%) Cost / income ratio in operating business (%) Return on equity of pre-tax profit (%)

10 New reporting - Private and Business Customers Net interest income ,326 Provision for possible loan losses Net interest income after provisioning Net commission income ,416 Trading profit Net result on investments and securities portfolio Other result Revenue ,112 Operating expenses ,118 Operating profit Restructuring expenses Pre-tax profit Average equity tied up 2,675 2,649 2,626 2,586 2,634 Operating return on equity (%) Cost / income ratio in operating business (%) Return on equity of pre-tax profit (%)

11 New reporting - Mittelstand Net interest income ,264 Provision for possible loan losses Net interest income after provisioning ,136 Net commission income Trading profit Net result on investments and securities portfolio Other result Revenue ,896 Operating expenses ,092 Operating profit Restructuring expenses Pre-tax profit Average equity tied up 2,840 2,866 2,838 2,932 2,869 Operating return on equity (%) Cost / income ratio in operating business (%) Return on equity of pre-tax profit (%)

12 New reporting - Corporates & Markets Net interest income Provision for possible loan losses Net interest income after provisioning Net commission income Trading profit Net result on investments and securities portfolio Other result Revenue ,573 Operating expenses Operating profit Restructuring expenses Pre-tax profit Average equity tied up 2,402 2,334 2,260 2,180 2,294 Operating return on equity (%) Cost / income ratio in operating business (%) Return on equity of pre-tax profit (%)

13 New reporting - Commercial Real Estate Net interest income Provision for possible loan losses Net interest income after provisioning Net commission income Trading profit Net result on investments and securities portfolio Other result Revenue ,092 Operating expenses Operating profit Restructuring expenses Pre-tax profit Average equity tied up 4,000 4,040 3,957 4,067 4,016 Operating return on equity (%) Cost / income ratio in operating business (%) Return on equity of pre-tax profit (%)

14 New reporting - Public Finance & Treasury Net interest income Provision for possible loan losses Net interest income after provisioning Net commission income Trading profit Net result on investments and securities portfolio Other result Revenue Operating expenses Operating profit Restructuring expenses Pre-tax profit Average equity tied up 1,093 1,067 1,053 1,083 1,074 Operating return on equity (%) Cost / income ratio in operating business (%) Return on equity of pre-tax profit (%)

15 New reporting - Others and Consolidation Net interest income Provision for possible loan losses Net interest income after provisioning Net commission income Trading profit Net result on investments and securities portfolio Other result Revenue Operating expenses Operating profit Restructuring expenses Pre-tax profit Average equity tied up Operating return on equity (%)..... Cost / income ratio in operating business (%)..... Return on equity of pre-tax profit (%)

16 Previous reporting on pro forma basis

17 Previous reporting - Group Pro forma 2006 in m Private and Business Customers Asset Management Mittelstand Corporates & Markets Commercial Real Estate Public Finance & Treasury Others and Consolidation Group Net interest income 1, , ,145 Provision for possible loan losses Net interest income after provisioning , ,215 Net commission income 1, ,899 Trading profit , ,177 Net result on investments and securities portfolio Other result Revenue 1, ,900 1, ,049 Operating expenses 1, , ,334 Operating profit ,715 Restructuring expenses Pre-tax profit ,462 Average equity tied up 2, ,889 2,292 3,942 1,164-1,089 12,203 Operating return on equity (%) Cost / income ratio in operating business (%) Return on equity of pre-tax profit (%)

18 Previous reporting - Group Net interest income 1,060 1,060 1, ,145 Provision for possible loan losses Net interest income after provisioning ,215 Net commission income ,899 Trading profit ,177 Net result on investments and securities portfolio Other result Revenue 2,367 2,027 1,629 2,026 8,049 Operating expenses 1,320 1,327 1,292 1,395 5,334 Operating profit 1, ,715 Restructuring expenses Pre-tax profit 1, ,462 Average equity tied up 12,191 12,217 12,207 12,197 12,203 Operating return on equity (%) Cost / income ratio in operating business (%) Return on equity of pre-tax profit (%)

19 Previous reporting - Private and Business Customers Net interest income ,304 Provision for possible loan losses Net interest income after provisioning Net commission income ,158 Trading profit Net result on investments and securities portfolio Other result Revenue ,829 Operating expenses ,906 Operating profit Restructuring expenses Pre-tax profit Average equity tied up 2,486 2,467 2,448 2,410 2,454 Operating return on equity (%) Cost / income ratio in operating business (%) Return on equity of pre-tax profit (%)

20 Previous reporting - Asset Management Net interest income Provision for possible loan losses Net interest income after provisioning Net commission income Trading profit Net result on investments and securities portfolio Other result Revenue Operating expenses Operating profit Restructuring expenses Pre-tax profit Average equity tied up Operating return on equity (%) Cost / income ratio in operating business (%) Return on equity of pre-tax profit (%)

21 Previous reporting - Mittelstand Net interest income ,245 Provision for possible loan losses Net interest income after provisioning ,117 Net commission income Trading profit Net result on investments and securities portfolio Other result Revenue ,900 Operating expenses ,093 Operating profit Restructuring expenses Pre-tax profit Average equity tied up 2,860 2,892 2,857 2,949 2,889 Operating return on equity (%) Cost / income ratio in operating business (%) Return on equity of pre-tax profit (%)

22 Previous reporting - Corporates & Markets Net interest income Provision for possible loan losses Net interest income after provisioning Net commission income Trading profit ,022 Net result on investments and securities portfolio Other result Revenue ,566 Operating expenses Operating profit Restructuring expenses Pre-tax profit Average equity tied up 2,407 2,323 2,259 2,187 2,292 Operating return on equity (%) Cost / income ratio in operating business (%) Return on equity of pre-tax profit (%)

23 Previous reporting - Commercial Real Estate Net interest income Provision for possible loan losses Net interest income after provisioning Net commission income Trading profit Net result on investments and securities portfolio Other result Revenue Operating expenses Operating profit Restructuring expenses Pre-tax profit Average equity tied up 3,909 3,959 3,886 4,012 3,942 Operating return on equity (%) Cost / income ratio in operating business (%) Return on equity of pre-tax profit (%)

24 Previous reporting - Public Finance & Treasury Net interest income Provision for possible loan losses Net interest income after provisioning Net commission income Trading profit Net result on investments and securities portfolio Other result Revenue Operating expenses Operating profit Restructuring expenses Pre-tax profit Average equity tied up 1,203 1,172 1,134 1,152 1,164 Operating return on equity (%) Cost / income ratio in operating business (%) Return on equity of pre-tax profit (%)

25 Previous reporting - Others and Consolidation Net interest income Provision for possible loan losses Net interest income after provisioning Net commission income Trading profit Net result on investments and securities portfolio Other result Revenue Operating expenses Operating profit Restructuring expenses Pre-tax profit Average equity tied up -1,229-1, ,074-1,089 Operating return on equity (%)..... Cost / income ratio in operating business (%)..... Return on equity of pre-tax profit (%)

26 For more information, please contact Commerzbank s IR-team : Jürgen Ackermann (Head of IR) P: M: juergen.ackermann@commerzbank.com Sandra Büschken (Deputy Head of IR) P: M: sandra.bueschken@commerzbank.com Wennemar von Bodelschwingh P: M: wennemar.vonbodelschwingh@commerzbank.com Ute Heiserer-Jäckel P: M: ute.heiserer-jaeckel@commerzbank.com Simone Nuxoll P: M: simone.nuxoll@commerzbank.com Stefan Philippi P: M: stefan.philippi@commerzbank.com Andrea Flügel (Assistant) P: M: andrea.fluegel@commerzbank.com

27 Disclaimer / investor relations / This presentation has been prepared and issued by Commerzbank AG. This publication is intended for professional and institutional investors. / Any information in this presentation is based on data obtained from sources considered to be reliable, but no representations or guarantees are made by Commerzbank Group with regard to the accuracy of the data. The opinions and estimates contained herein constitute our best judgement at this date and time, and are subject to change without notice. This presentation is for information purposes; it is not intended to be and should not be construed as an offer or solicitation to acquire, or dispose of any of the securities or issues mentioned in this presentation. / Commerzbank AG and/or its subsidiaries and/or affiliates (herein described as Commerzbank Group) may use the information in this presentation prior to its publication to its customers. Commerzbank Group or its employees may also own or build positions or trade in any such securities, issues, and derivatives thereon and may also sell them whenever considered appropriate. Commerzbank Group may also provide banking or other advisory services to interested parties. / Commerzbank Group accepts no responsibility or liability whatsoever for any expense, loss or damages arising out of, or in any way connected with, the use of all or any part of this presentation. / Copies of this document are available upon request or can be downloaded from