Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
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On track to decrease Group cost base by EUR 600 m<br />
by 2011<br />
Group cost base (EUR m)<br />
Savings 2009-2011<br />
-15%<br />
Refocus on core franchises<br />
Divestment of entities 1<br />
Downsizing of PWB international 2<br />
Impact of refocus estimates ~EUR -270 m<br />
Achieving operational excellence<br />
Efficiency measures -230 m<br />
Intra-group synergies -285 m<br />
Start of industrialisation -30 m<br />
Total cost savings estimates ~EUR -545 m<br />
Inflation and wage drift<br />
<br />
Inflation and wage drift<br />
estimates<br />
Other effects<br />
~EUR +300 m<br />
Estimated Deniz net cost growth<br />
Restructuring costs 3<br />
Total other effects estimates ~EUR -100 m<br />
153<br />
Note: (1) Includes realised divestment of entities (FSA, <strong>Dexia</strong> Epargne Pension, <strong>Dexia</strong> K. Austria, Experta and ADINFO) and expected<br />
divestment of entities (DB Slovensko)<br />
(2) Impact before wage drift and inflation; includes ~EUR 5 m savings in 2011 part of the announcement of September 15 th 2010, subject to<br />
Workers Council advice<br />
(3) All restructuring costs booked in 2008-2009-2010; EUR 174 m restructuring costs booked in 2008
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