BayernLB Factbook. Munich, April 2018

Transcription

1 BayernLB Munich, April 2018

2 History, management Contents and owners 3 Business model 9 Business segments 14 Our subsidiaries 22 Ratings 27

3 History, management and owners

4 The Bank s history dates back to 1884 Several Bavarian savings banks join together to form a clearing association The clearing house separates organisationally from the savings banks association The Landeskulturrentenanstalt changes its name to Bayerische Landesbodenkreditanstalt On 1 July 1884, the newly founded Bayerische Landeskulturrentenanstalt opens for business. This marks the start of a long corporate history An independent office for the clearing house was set up in Nuremberg Bayerische Landesbausparkasse is founded On 1 July 1972, Bayerische Gemeindebank merges with Bayerische Landesbodenkreditanstalt to become Bayerische Landesbank Girozentrale 4

5 Management Dr. Johannes-Jörg Riegler, CEO since 2014 Dr. Edgar Zoller, Deputy CEO Member of the Board of Management since 2009 Marcus Kramer, Member of the Board of Management since 2010 Michael Bu cker, Member of the Board of Management since 2013 Dr. Markus Wiegelmann, Member of the Board of Management since 2014 Ralf Woitschig, Member of the Board of Management since

6 Strong owners Association of Bavarian Savings Banks Free State of Bavaria ~ 25 % ~ 75 % BAYERNLB HOLDING AG 100 % 100 % state guarantee from the Free State of Bavaria Institution established under public law 100 % 1 1 Legally dependent institution established under public law within BayernLB 6

7 Free State of Bavaria compares well to its European neighbours 2016 gross domestic product by country (EUR bn) AAA Best credit ratings The Free State of Bavaria has the highest ratings from Standard & Poor's and Moody's AAA/Aaa and is one of only three German states rated AAA by S&P EUR 568 bn Gross domestic product Bavaria accounted for 18.1 % of Germany's nominal gross domestic product in Bavaria Sources: BayernLB Research, Eurostat, German federal and state statistics offices, Datastream 174 DAX 30 Bavaria German state with a strong economy Around 25 % of all DAX 30 corporations are in Bavaria. Bavaria is one of Germany s most economically powerful states and is typically home to a large number of Mittelstand companies 7

8 Savings Banks important customers and sales partners Savings banks are the no. 1 financial services provider in all regions of Bavaria 65 savings banks Total assets: EUR bn Credit volume: EUR bn Customer deposits: EUR bn 38,666 employees and trainees 2,880 branches (incl. self service) 15.6 m savings, current and securities accounts 8

9 Business model

10 BayernLB. The Bavarian bank for the German economy.

11 Strong corporate and commercial real estate lender with a regional focus and balanced risk profile BayernLB is one of the leading commercial banks for large Corporates and Mittelstand customers in Germany As a member of the Savings Banks Finance Group, BayernLB is a close partner of the savings banks in Bavaria, providing them with a wide range of products Retail customers are mainly served by BayernLB's Deutsche Kreditbank AG (DKB) subsidiary

12 Our future-oriented business model Corporates & Mittelstand Real Estate & Savings Banks/Association DKB Financial Markets Corporates Mittelstand Structured & trade finance Real estate finance/services Savings banks/public sector Retail customers Infrastructure customers Corporate customers Capital market/treasury products for all customers Global FIG Strong market position with 37 % customer share among large corporates 19 % customer share in large Mittelstand targeted and successful expansion in the regions Real estate: approx. EUR 4.8 bn new business and approx. EUR 1.5 bn renewals in 2017 No. 1 partner to the Bavarian savings banks Top position in foreign notes & coins / precious metals Around 3.7 m retail customers second largest online bank in Germany Leading position in the renewable energy sector (EUR 10.4 bn portfolio) Top position in covered bonds and Schuldschein note loans Supplier of interest and currency management products Broad market access to institutional investors 12

13 We are there for you at home in Bavaria and abroad Germany Munich Nuremberg Stuttgart Frankfurt Düsseldorf Hamburg Berlin Foreign entities and branches London Mailand Paris New York Representative office Moscow German Centres Shanghai Taicang Munich head office Support for your international activities thanks to some 2,000 correspondent banks in 121 countries. 13

14 Business segments

15 A long tradition as principal and core bank for corporates Corporate financing with vision That is BayernLB s approach to serving large companies in Germany and selected international companies. This means long-term partnerships based on extensive understanding of markets and sectors, structuring know-how and capital markets expertise. One of the top corporate syndication banks in Germany Corelux funding platform for securitising receivables with head office in the EU Our offices are based on our customers markets: we are represented in the world s major financial centres. 37 % customer share in the corporates segment with sales > EUR 1 bn Core bank relationships have quadrupled since Autor, Abteilung Titel Präsentation > Unterkapitel

16 A growing base our partnership with the Mittelstand Exceptional structuring expertise for the Mittelstand Our customers set store by holistic solutions in financial engineering for balance sheet, risk and liquidity management. They are based on our extensive sector expertise and international support with a long-term view. Our top management is on hand as a point of contact to provide our customers with advice We are fast and work without red tape: our Bank has flat hierarchies and considerable decision-making powers at all levels. 19 % customer share in the large Mittelstand segment with sales of EUR 150 m and more targeted and successful expansion in the regions 16 Autor, Abteilung Titel Präsentation > Unterkapitel

17 Selected lead manager mandates 2017 freenet AG, Büdelsdorf EUR 710 m 2017 Salzgitter Aktiengesellschaft, Salzgitter EUR 560 m 2017 ProSiebenSat.1 Media SE, München EUR m 2017 Salamander Industrie- Produkte GmbH, Türkheim EUR 20 m 2017 Westfälische Drahtindustrie GmbH, Hamm EUR 70 m 2017 Wolff & Müller Holding GmbH & Co. KG, Stuttgart EUR 320 m Bookrunner, Mandated Lead Arranger, Syndicated loan Bookrunner, Mandated Lead Arranger, Syndicated loan Bookrunner, Mandated Lead Arranger, Syndicated loan Bookrunner, Coordinator, Mandated Lead Arranger, Agent, Syndicated loan Bookrunner, Mandated Lead Arranger, Syndicated loan Bookrunner, Mandated Lead Arranger, Syndicated loan 17

18 Real Estate strong in every asset class Approx. EUR 4.8 bn new business and additionally around EUR 1.5 bn in renewals concluded in 2017 We can do more than finance : we offer our real estate customers the full product range of a universal bank. To this end we work closely with our specialist subsidiaries. In addition, we sell capital market products to German and international real estate customers (four Schuldschein note loans and one corporate bond in 2017) We are actively expanding our real estate business in our customers markets: we serve our customers in Germany and abroad and have a local presence in the world s major real estate centres. 18 Autor, Abteilung Titel Präsentation > Unterkapitel

19 Selected Real Estate deals February 2017 OFB Projektentwicklung Financing the project development of the Kap West office building at Hirschgarten / Munich July 2017 ehret+klein City planning district development Wohnen am Papierbach in Landsberg Debt financing in conj. with SSK München and Spk. Landsberg February 2017 TRIUVA Purchase financing for the Adidas flagship store in Madrid June 2017 greenfield development GmbH Project development of the Baden Airpark logistics park June 2017 Internos Portfolio financing of the Steigereiland office property in Amsterdam What we stand for Our loan portfolio bears witness to our performance: we are one of the largest and strongest commercial real estate lenders in Germany with gross exposure of approx. EUR 18.4 bn. 19

20 Savings Banks & Association division Central bank and no. 1 partner of the Bavarian savings banks Top provider of foreign notes & coins and precious metals in the Savings Bank Finance Group Exclusive service provider for the Bavarian savings banks in the subsidised loan business Strong partner to the public sector Long-standing, solid relationships with customers We assist the savings banks with know-how and innovative strength, offering them an extensive range of products and services that meets the needs of their proprietary and customer business. As a strong partner to public-sector and municipal customers and publicly-owned institutions, BayernLB offers a wide range of products with tailor-made solutions for their financing and investment plans. 20

21 Financial Institutions Group. Financial market expertise for our customers Your individual needs are what drives us. We serve insurance companies, banks, home loan savings banks and asset managers throughout the world. Our customers benefit from expert advice and individual solutions. Strong network of correspondent banks to support the savings banks and trade finance for our Mittelstand and Corporates business We serve a network of institutional customers to secure us access to a broad investor base We provide our customers with products they really need. We help our customers manage risks professionally, thereby establishing a solid basis for cost planning. As a capable partner in capital market financing, we have gained a high level of expertise over the years and now occupy top positions; this is particularly true in the sustainability segment. Awards Regular awards for high expertise in Schuldschein note loans One of the top 3 German banks in CP trading Advanced product know-how and expertise for your risk management 21

22 Our subsidiaries

23 DKB retail pillar of the BayernLB Group DKB Das kann Bank Our products and services lead the market and are renowned for their fair prices. We focus on providing an intelligent banking experience and the latest technology. Our retail customers complete their banking transactions conveniently and securely online. Our business customers are served personally on location by our sector experts. More than 3.7 m retail customers Germany s second-largest online bank In business with corporate and infrastructure customers, the focus is on sectors with long-term growth potential in Germany DKB group IFRS financial statements 2017 Total assets EUR 77.3 bn Equity EUR 3.3 bn Liabilities to customers EUR 53.9 bn Net interest income EUR m Risk provisions EUR m Profit before taxes EUR m CIR 50.8 % RoE 9.6 % Convenient and secure DKB s internet banking DKB business customers personal service 23

24 BayernLabo development bank of the BayernLB Group Subsidised residential property loans and municipal loans for Bavaria BayernLabo has the legal mandate to promote social housing and municipal construction in Bavaria. In addition, BayernLabo issues government and municipal loans in Bavaria. The Free State of Bavaria is liable for all the liabilities assumed by BayernLabo BayernLabo has an Aaa rating from Moody s Solva 0 status LCR status level 1 No bail-in risk Total assets Own funds 2017 EUR 19.9 bn EUR 2.7 bn CIR 49 % Employees Aaa 189 FTE BayernLabo s rating from Moody s Protocol, Gazette of Laws and Ordinances regarding the founding of Bayerische Landeskulturrentenanstalt (predecessor to Bayerische Landesbodenkreditanstalt) from

25 BayernInvest Asset manager and Master KVG Customised solutions to achieve individual investment goals Asset Management Special and retail funds for professional investors Fixed-income, equities and multi-asset mandates, index-oriented investments Sustainable and LCR-optimised investment strategies Administration of special funds ( Master KVG ) Analysis of investment forms, Master KVG structuring, fund administration Individual solutions for the entire back and mid office Implementation of regulatory requirements Assets under management 2017 EUR 83,96 bn Number of mandates 525 Employees 193 BayernInvest homepage with the claim "Werte bewahren. Perspektiven schaffen. (Preserving values. Creating prospects.) 25

26 Real I.S. real estate investments and asset management worldwide Leading the market in real estate investments The Real I.S. Group is one of the leading German providers of real estate investments for retail and institutional investors. It manages real estate with a value of approx. EUR 7.9 bn in 11 countries. The Group is currently focusing on investments in Germany, Europe and Australia. Real estate investments for institutional and retail investors Has activities worldwide with approx. EUR 6.8 bn in real estate assets under management Scope Management rating AA+ very high quality 26

27 Ratings

28 Ratings Fitch Ratings Moody s Long-term, unsecured A- A1 Outlook Stable negative Short-term, unsecured F1 P-1 Public Pfandbriefs AAA Aaa Mortgage Pfandbriefs - Aaa Long-term, Derivative Counterparty / Counterparty Risk Assessment A- (dcr) Aa3 (cr) Short-term, Counterparty Risk Assessment - P-1 (cr) Long-term, Deposits A- Aa3 Outlook - stable Short-term, Deposits F1 P-1 Profit participation rights - Baa3 Subordinated bonds BBB- Baa2 Hybrid tier I BB- Ba2 Viability Rating / Baseline Credit Assessment bbb baa3 28

29 Above-average sustainability ratings oekom research imug (German partner of VigeoEiris) Sustainalytics MSCI Rating C % 65 points A Ranking / investment status 7 out of 88 Prime Unsecured bonds: neutral (CC) Public Pfandbriefs: positive (BBB) Mortgage Pfandbriefs: positive (B) 18 out of 73 Above sector average Sector average D -4.4% 57 points BBB Rating range A+ to D- -100% to 100% 0 to 100 points AAA-CCC Benchmark 88 public & regional banks 30 national/international issuers from the savings bank sector 73 private banks n/a Rating from 01/ / / /

30 Focus on sustainability: top ratings from oekom research In global top 10 BayernLB is one of the top 10 banks in the world (7th place of 88) Prime status held by BayernLB since 2006 Industry leader DKB and BayernLabo ranked top in their sectors once again D- D D+ C- C C+ B- Prime 30

31 Contact Volker Karioth Senior Manager Ariane Boldt Manager

32 Disclaimer The information in this presentation constitutes neither an offer nor an invitation to subscribe to or purchase securities or a recommendation to buy. It is solely intended for informational purposes and does not serve as a basis for any kind of obligation, contractual or otherwise. Rounding differences may occur in the presentation. 32

33 The Bavarian Bank for the German economy.