Focus on Germany - Investor Relations - HypoVereinsbank

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Solid H1/07 results � Group financial results: � Revenue up by a remarkable +24% yoy in H1/07 � Over 50% yoy increase in operating profit � Net profit H1/07 of €1,394 m (over 2x that of H1/06); strong yoy growth (+54.3%) also net of one-offs �� All the divisions managed to increase operating profit yoy, overall improving revenues and efficiency; MIB posting significant growth �� Transfer of investment banking activities of UBM from UniCredit completed, enhancing the role of HVB as UniCredit group competence centre for MIB �� From integration to growth: integration office closed after the successful completion of its role; divisions fully focusing on reinforcing their franchise HypoVereinsbank - Investor Relations 4
H1/07: key financials � Over 50% yoy increase of net profit adjusted for one-offs and for FX and consolidation effects in H1/07 Total Revenues Operating Costs Operating Profit Net-write downs of loans Other Non Operating Items 1) Net Profit Adjusted Net Profit 2) Cost-income ratio, % H1/ 07 3,987 (1,898) 2,089 (390) 355 1,394 1,012 47.6 1) Provisions for Risks & Charges, Restructuring Costs, Net Income from Investments and Other Non Operating Expenses. HypoVereinsbank - Investor Relations 5 %ch. yoy +24.1 +1.5 +55.5 -5.3 >+100 >+100 +54.3 -10.6 p.p. % change yoy ex FX & consol. effects +24.6 +2.1 +55.8 -5.8 >+100 >+100 +55.5 -10.5 p.p. Q2/07 1,982 (943) 1,039 (181) 91 601 490 47.6 2) Adjustments in H1/07 (pre-tax): €219 m disposal gain on Indexchange (Q1); €93 m one-off interest component for transferred assets (Q1); €113 m disposal gain on Munich Re (Q2); €3 m restructuring costs (Q2). Adjustments in H1/06 (pre-tax): €3 m restructuring costs (Q2). % ch. on Q2/06 +32.2 +4.1 +75.2 -10.4 >+100 >+100 +85.6 -12.8 p.p. % ch. on Q2/06 ex FX & consol. effects +28.6 +1.9 +69.5 -11.4 >+100 >+100 76.9 -12.6 p.p. % ch. on Q1/07 -1.1 -1.3 -1.0 -13.4 -65.5 -24.2 -6.1 unch.
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Page 3: Content Solid Group Results as of J
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Page 17 and 18: c Corporates: German expansion well
Page 19 and 20: Retail business stable, showing fir
Page 21 and 22: Retail: tailored innovative product
Page 23 and 24: Conclusion: steadily pursuing a cle
Page 25 and 26: Excurs: Timeframe Squeeze-out of HV
Page 27: Disclaimer Statements made in this

Focus on Germany - Investor Relations - HypoVereinsbank

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