Presentation (correction slide 18) - Dexia.com

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Financials: Progressive decrease in Legacy revenue In<strong>com</strong>e (EUR bn) Main drivers on profitability of the Legacy Treasury revenue Decrease in treasury revenue allocated to the Legacy mainly due to: • Reduction of the portfolios • Reduction of short-term funding • Flattening of the short-term yield curve Slight decrease in funding costs • Amortization of Government Guaranteed funding partly offset by use of longer term liquidity to reach 11% ST funding target Cost of deleverage expected to decrease from 2012 onwards Decrease in Cost of Risk mainly <strong>com</strong>ing from Financial Product portfolio 44
Key messages Target 2012 Achieve deleveraging targets at contained costs Legacy division largely reduced by 2012 Ability to align the Legacy with 11% ST funding target by 2014 with limited recourse to senior unsecured debt, thanks to Core funding Ability to manage and hold remaining Legacy assets until maturity Legacy assets below EUR 90 bn Share of ST wholesale funding reduced at or below 20% Target 2014 Legacy assets below EUR 80 bn Share of ST wholesale funding at or below 11% 45
Page 2 and 3: Disclaimer This presentation and th
Page 4 and 5: Dexia 2014: A Retail Group with 10
Page 6 and 7: Financial restructuring: Scaled dow
Page 8 and 9: Financial restructuring: Non-commer
Page 10 and 11: Capturing Retail upside in a fast g
Page 12 and 13: Dexia teams sharing clear strategic
Page 14 and 15: Investor Day 2010 - Agenda 11h00 -
Page 16 and 17: Economic scenario: Slow recovery in
Page 18 and 19: Dexia 2014: Key drivers of balance
Page 20 and 21: LT wholesale funding program aligne
Page 22 and 23: Significant improvement of Group sh
Page 24 and 25: Target 2014: Stringent management o
Page 26 and 27: Target 2014: Strong rebound of Dexi
Page 28 and 29: New capital regulations: Basel III
Page 30 and 31: New liquidity regime: Getting prepa
Page 32 and 33: Legacy division Deleverage balance
Page 34 and 35: Sustained pace of asset sales in 20
Page 36 and 37: Dedicated set up in place to manage
Page 38 and 39: Bond portfolio in run-off (EUR bn)
Page 40 and 41: Financial Products portfolio Financ
Page 42 and 43: After 2014: Ability to hold and man
Page 46 and 47: Public and Wholesale Banking Renew
Page 48 and 49: PWB 2014: Renew with sustainable sc
Page 50 and 51: Our ambition: Renew with sustainabl
Page 52 and 53: Public Banking Belgium 2010: Qualit
Page 54 and 55: Public Banking Belgium 2010: Contin
Page 56 and 57: Public Banking France 2010: Quality
Page 58 and 59: Public Banking France 2010: A recog
Page 60 and 61: Corporate Banking Belgium 2010: Ree
Page 62 and 63: Project Finance 2010: A well recogn
Page 64 and 65: PWB Target 2014: Renew with sustain
Page 66 and 67: PWB target 2014 Public Banking Bel
Page 68 and 69: Belgium and Luxembourg: Wealthy and
Page 70 and 71: Belgium: A concentrated and mature
Page 72 and 73: Strong Retail position with full te
Page 74 and 75: A resilient and solid franchise thr
Page 76 and 77: Our ambition: Unlock growth potenti
Page 78 and 79: Commercial targets in network to gr
Page 80 and 81: EUR 350 m Capex investment plan lau
Page 82 and 83: Roll-out of Open Branch Concept on
Page 84 and 85: A new in-branch specialized sales &
Page 86 and 87: Branch re-clustering and optimizing
Page 88 and 89: Launch of innovative offers to supp
Page 90 and 91: Operating efficiency under close sc
Page 92 and 93: RCB Luxembourg Consolidate local fr
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Dexia: A major actor in Luxembourg
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A domestic and international Privat
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By 2014: Increase market share in R
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By 2014: Reinforce Private Banking
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By 2014: Further improve cost effic
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RCB Belgium and Luxembourg Enhance
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Asset Management & Services Manage
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Asset Management An efficient and r
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Resilience proven through the crisi
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A client-centric business model, ad
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Dexia AM Target 2014: Deliver furth
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DIS: A key insurance player with a
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Going forward, Dexia Insurance to d
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DVV: Investment plan to develop tie
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Investor Services A well recognized
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Recent industry trends creating bot
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RBC Dexia Investor Services is well
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Investor Services Target 2014: Deli
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In a nutshell: DenizBank, a sustain
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Several socio-economic indicators c
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Current level of banking penetratio
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DenizBank, the most influential pro
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DenizBank growth outperformed the m
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Accelerated branch opening over the
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Strong Commercial and Corporate seg
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Deniz 2014: Be the first alternativ
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Network: DenizBank to open 300+ new
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SME & Agricultural Banking: DenizBa
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Overall: Increased weight of Retail
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Operating model Reach operational e
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Reaching operational excellence fac
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Efficiency measures 2008-2011: Capt
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Industrialisation 2008-2011: Manage
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Examples of intra-group efficiency
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Close monitoring system in place St
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Dexia Group Dexia 2014: A Retail Gr
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166
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Philippe Rucheton Philippe Rucheton
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Stefaan Decraene The first part of
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André Vanden Camp André Vanden Ca
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Presentation (correction slide 18) - Dexia.com

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