111104 Q3 2011 Presentation-Final

Portfolio Restructuring Unit
in € m
Eric Strutz ‌ CFO ‌‌‌
Frankfurt ‌‌‌
November 4th, 2011
Q1
2010
Q2
2010
Net interest income 23 10 29 62 20 5 13 7 25
Provisions for loan losses -22 -28 -2 -52 -10 1 3 17 21
Net interest income after provisions 1 -18 27 10 10 6 16 24 46
Net commission income -3 7 2 6 -6 0 0 -0 -0
Net trading income and net income on hedge accounting 282 56 328 666 121 61 72 -219 -86
Net investment income -94 70 -9 -33 4 18 -7 -0 11
Current income on companies accounted for using the equity method - - - - - - - - -
Other income -0 7 -3 4 -1 -0 -1 -0 -1
Revenues before LLP 208 150 347 705 138 84 77 -212 -51
Revenues after LLP 186 122 345 653 128 85 80 -195 -30
Operating expenses 25 27 31 83 23 22 16 17 55
Operating profit 161 95 314 570 105 63 64 -212 -85
Impairments of goodw ill and brand names - - - - - - - - -
Restructuring expenses - - - - - - - - -
Pre-tax profit 161 95 314 570 105 63 64 -212 -85
Average capital employed 1,364 1,251 1,136 1,250 1,097 971 938 807 906
RWA (End of Period) 13,468 12,240 10,935 10,935 9,886 9,316 8,841 9,238 9,238
Cost/income ratio (%) 12.0% 18.0% 8.9% 11.8% 16.7% 26.2% 20.8% n/a n/a
Operating return on equity (%) 47.2% 30.4% 110.6% 60.8% 38.3% 25.9% 27.3% -105.0% -12.5%
Return on equity of pre-tax profit (%) 47.2% 30.4% 110.6% 60.8% 38.3% 25.9% 27.3% -105.0% -12.5%
Q3
2010
9M
2010
Q4
2010
Q1
2011
Q2
2011
Q3
2011
9M
2011
40