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TRUSTWORTHY.
FOCUSED.
DIVERSIFIED.
COMPETENT.
DVB Bank Group –
Investor Presentation
Frankfurt/Main, October 2017
Disclaimer
This presentation has been prepared by DVB Bank Group.
This presentation does not contain or constitute an offer, or the solicitation of an offer, to buy or subscribe for securities to any person.
This document is not a prospectus.
The presentation is a short summary description of certain aspects in respect of DVB Bank Group. It may not contain all relevant
information in respect of the topics covered. This presentation is therefore not a sufficient basis for any investment decision in respect
of any securities of DVB Bank Group.
This presentation contains forward-looking statements which include statements about our beliefs and expectations as well as the
assumptions underlying them. Such statements speak only as of the day they are made since they are based on plans, estimates and
projections currently available to the management of DVB Bank Group. Forward-looking statements contain risks and uncertainties,
and it cannot be guaranteed that they will turn out to be correct in light of future events or developments.
Information and opinions contained in this presentation have been compiled or arrived from sources believed by DVB Bank Group to
be reliable. Any statements about DVB Bank Group’s market position are based on DVB Bank Group’s own estimates, unless
explicitly stated otherwise herein. Although the information shown herein has been taken from sources which are believed to be
reliable or is based on DVB Bank Group’s own estimates, no warranty or representation is made as to the correctness, completeness
and accuracy of the information or the assessments made on its basis.
DVB Bank Group accepts no responsibility or liability whatsoever for any expense, loss or damages arising out of, or in any way
connected with, the use of all or any part of this presentation.
Investor Presentation __ October 2017 __ Disclaimer Page 2
Contents
03/ DVB – Lending volume and portfolio data27 Lending volume
28 Shipping Finance
29 Aviation Finance
30 Offshore Finance
31 Land Transport Finance
32 Financial Institutions and Syndications
33 DVB Corporate Finance
34 Investment Management
02/ DVB – Business model21 Competitive strengths
03/ DVB – Financials and outlook5 Financial figures
13 Own funds and refinancing
15 Rating
16 Macroeconomic environment and forecast
19 Financial calendar
04/ DVB – Further information36 Shareholder base
37 Board of Managing Directors
38 Staff
39 Imprint
40 Photo credits
Page 3
01/ DVB – Financials and outlook5 Financial figures
13 Own funds and refinancing
15 Rating
16 Macroeconomic environment and forecast
19 Financial calendar
Preliminary remarks
All statements made regarding net worth, financial position & results relate to DVB Bank Group.
All amounts are disclosed in euro and on the basis of IFRS/IAS if not stated otherwise.
Unless indicated otherwise, all financial data apply to 30 June 2017
and have been reviewed by auditors.
Page 5Investor Presentation __ October 2017 __ Financial figures
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Press release as of 31 August 2017 (1)
DVB Bank Group (DVB) posts half-yearly results for 2017
/ Significant increase in allowance for credit losses
/ Volatile effects from the IAS 39 result
Frankfurt/Main, 31 August 2017 – DVB, the specialist in international transport finance, reported a consolidated net loss before taxes of €506.3 million
in the first six months of 2017 (previous year: net income of €14.1 million). The net figure was dominated by a significant increase in allowance for credit
losses, to €445.3 million (previous year: €83.4 million), reflecting market developments. Moreover, due to the continued narrowing of spreads for
euro/US dollar cross-currency swaps, the net result from financial instruments in accordance with IAS 39 fell to €–67.9 million (previous year:
€10.0 million).
Ralf Bedranowsky, CEO and Chairman of DVB Bank SE's Board of Managing Directors, commented on the Bank's consolidated results:
“The increase in allowance for credit losses was largely required for legacy exposures in the Shipping Finance portfolio, and for financings in the
Offshore Finance portfolio. These developments reflected the following market trends:
• Given persistent oil price uncertainty, oil and gas companies have continued to reduce their exploration and production spending, which has further
curtailed demand for offshore vessels and equipment. Shipowners remain under pressure from low charter rates and competition for employment.
Against this background, owners of vessels and drilling rigs adjusted their capacities, through lay-ups, restructuring or consolidation.
To be continued on next slide
Page 6Investor Presentation __ October 2017 __ Financial figures
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Press release as of 31 August 2017 (2)
• Excess capacity remained a major challenge on shipping markets throughout the first half of 2017. Container carriers, bulk carriers and tankers are the
three most important sectors for the maritime industry, in terms of transport volumes and services.
Especially in container shipping, persistently difficult market conditions have burdened performance amongst shipowners. In this context, increasing
consolidation of shipping lines is set to intensify competition amongst shipowners chartering their vessels to line operators. Even though charter rates in
container shipping showed some improvement during the first half of 2017, whether this trend will in fact be sustainable is open to question, for two
reasons. On the one hand, consolidation among shipping lines is accelerating, and on the other hand, charter rates are further burdened, given the
continued delivery of a large number of 20,000 TEU container ships. Consequently, market values of container vessels have not been able to recover so
far. Looking ahead, the cascading effect caused by substantial deliveries of large container carriers will mostly have a negative effect upon the
development of charter rates and market values in the other size categories.
Bulk carriers enjoyed a strong increase in earnings during the first half of 2017. The Baltic Dry Index (BDI) was quoted at an average of 976 points
during the first six months of the year – up 101% year-on year. Freight rates were supported by continued Chinese demand for iron ore and coal. The
BDI reached its year-to-date high in April, albeit staying far away from the historical peak of more than 10,000 points in 2007/2008. A multi-year
comparison shows that charter rates for bulk carriers have remained insufficient, given that a large number of vessels was bought and financed at record
prices.
Following an improvement during the first quarter of 2017, which was driven by seasonal factors, tanker markets declined again during the second
quarter, putting pressure on shipowners' earnings. The extension of OPEC members' agreement to reduce production volumes had a negative impact on
tonne-mile demand in the crude oil tanker segment. Yet at the same time, the crude oil tanker fleet grew by 5.5% year-on-year. The significant volume of
new tonnage on order – which rose further year-to-date – created an additional burden.
Page 7
To be continued on next slide
Investor Presentation __ October 2017 __ Financial figures
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Press release as of 31 August 2017 (3)
• Excess capacity was accompanied by escalating liquidity shortages faced by shipowners. These described challenging market conditions triggered
numerous new restructuring measures, thus influencing the performance amongst many market participants.
As mentioned above, the net result from financial instruments in accordance with IAS 39 amounted to €–67.9 million (previous year: €10.0 million); this was
largely driven by the measurement of cross-currency swaps, which the Bank is not allowed to include in its hedge accounting. Based on prudent economic
risk management, these derivatives form hedging relationships with the related hedged items, whereby measurement gains and losses reported on a
particular record date are neutralised over the entire term of the financings extended.
At the beginning of August 2017, DVB received a €500 million contribution to income from our parent company, DZ BANK AG, Deutsche Zentral-
Genossenschaftsbank, Frankfurt am Main. DVB was unable to recognise this contribution in income as at 30 June 2017, but will recognise it in income
during the third quarter of 2017. The contribution will stabilise both the common equity tier 1 ratio (which stood at 8.9% as at 30 June 2017) as well as the
deteriorating key financial indicators, return on equity, cost/income ratio, and Economic Value Added.“
[…]
DVB's outlook reads as follows:
DVB plans to sustain the positive business development in Aviation Finance as well as in Land Transport Finance, and strengthen the earnings power of
these businesses.
Due to the persistent crisis in the shipping and offshore sectors, DVB expects risk costs in its Shipping Finance and Offshore Finance portfolios to remain
high throughout the financial year 2017. Accordingly, risk management in these two divisions will continue to command particular attention, as well as
proactive restructuring measures.
Page 8
To be continued on next slide
Investor Presentation __ October 2017 __ Financial figures
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Press release as of 31 August 2017 (4)
The Bank thus expects consolidated return on equity for 2017 (before taxes and before IAS 39) to significantly fall short of the forecast; it is also unlikely to
match the forecasts for the other key financial indicators, cost/income ratio and Economic Value Added..
DVB strives to preserve sound core operational earnings before risk costs and before IAS 39. This means that, in addition to the lending business, the Bank
will focus on value-added services for clients in its Transport Finance business – such as capital markets products and advisory services.
The Bank will keep supporting their shipping clients in a market environment characterised by less liquidity supply, on a selective basis – yet with markedly
lower volumes of new business.
Structural changes with differing characteristics can be observed in the sub-markets of the global transport sector. Whilst aviation and land transport
markets are predominantly shaped by high excess liquidity together with strong margin and competitive pressures, the shipping and offshore industries have
yet to see the end of the ongoing consolidation phase.
DVB will continue to analyse the business environment in the markets they cover, in great detail – to focus on business opportunities which allow DVB to
return to adequate profitability, and to sustainably stabilise for the future.
Page 9Investor Presentation __ October 2017 __ Financial figures
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
At a glance – Income statement
1 National Association of German Cooperative Banks
01.01.2017−
30.06.2017
01.01.2016−
30.06.2016
Net interest income 108.1 124.5 -13.2
Allowance for credit losses -445.3 -83.4 –
Net interest income after allowance for credit losses -337.2 41.1 –
Net fee and commission income 51.8 56.5 -8.3
Results from investments in companies accounted for using the equity method -7.2 4.1 –
Net other operating income/expenses -42.6 4.8 –
Total income (before IAS 39) -335.2 106.5 –
General administrative expenses -90.4 -91.3 -1.0
Consolidated net income/loss before IAS 39, bank levy,
BVR1 Deposit Guarantee Scheme and taxes -425.6 15.2 –
Net result from financial instruments in accordance with IAS 39 -67.9 10.0 –
Consolidated net income/loss before bank levy,
BVR1 Deposit Guarantee Scheme and taxes -493.5 25.2 –
Consolidated net income/loss before taxes -506.3 14.1 –
Consolidated net income/loss (after taxes) -547.1 10.6 –
IFRS
Page 10
€ mn %
Investor Presentation __ October 2017 __ Financial figures
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Consolidated net income/loss, as at 30 June
Consolidated
net income/
loss
Income
taxes
Total
income1
General
administrative
expenses
Expenses for the
bank levy and
the BVR2
Deposit
Guarantee Scheme
(financial year)
Net result from
financial
instruments in
accordance
with IAS 39
Consolidated
net income/
loss
Income
taxes
Total
income1
General
administrative
expenses
Expenses for the
bank levy and
the BVR2
Deposit
Guarantee Scheme
(financial year)
Net result from
financial
instruments in
accordance
with IAS 39
2017
€ mn
2016
€ mn
1 Composing net interest income after allowance for credit losses, net fee and commission income, result from investments in companies accounted for using the equity method and net other operating
income/expenses;
2 National Association of German Cooperative Banks
Page 11
106.5
+10.0
10.6
-91.3 -11.1 -3.5
-547.1
-90.4
-12.8
-40.8
-67.9
-335.2
Investor Presentation __ October 2017 __ Financial figures
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Development of key ratios
Return on equity before taxes
%
Cost/income ratio
%
Economic Value Added
€ mn
30 Jun 2017 30 Jun 2016 30 Jun 2017 30 Jun 2016 30 Jun 2017 30 Jun 2016
Page 12
52.6
-47.2
-73.4
91.20.6
-496.0
Investor Presentation __ October 2017 __ Financial figures
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Own funds (in accordance with the CRR) and capital ratios
(30 Jun 2017)
€ mn
637.4
0.0
571.2
Common equity tier 1capital
Additional tier 1capital
Tier 2 capital Modified availableequity
1,208.6
Total capital ratio: 16.8%Common equity tier 1 ratio: 8.9%
Capital ratios – Basel III
Page 13Investor Presentation __ October 2017 __ Own funds and refinancing
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Diversified funding composition (30 Jun 2017: €23.5 bn)
1 Nominal volume
Diversified, granular funding base
/ More than 1,200 investors
Products1 Investors2
6.0% Short-term funding
thereof:
3.3% Short-term deposits
banks/customers
2.7% Cash collateral
10.2% Volksbanken
Raiffeisen-
banken
cooperative
financial
network
1.9% Retail
13.8% Banks
50.3% Institutional investors
23.8% DZ BANK
thereof:
49.9% Senior-unsecured bonds
37.7% Promissory notes
3.1% Subordinated liabilities
3.1% Ship covered bonds
0.2% Long-term deposits
2 Estimates
Page 14
94.0% Long-term funding
Investor Presentation __ October 2017 __ Own funds and refinancing
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Rating development
Feb
2017
Oct
2016
Dec
2011
Mar
2011
Jan
2009
Dec
2006
Aug
2006
Jul
2005
Aug
2004
Aug
2001
Long-term counterparty
credit rating A+ A+ A+ A A A A- A- BBB+ BBB+
Short-term credit rating A-1 A-1 A-1 A-1 A-1 A-1 A-2 A-2 A-2 A-2
Outlook negative negative stable stable negative stable positive stable stable negative
Debt Issuance Programme:
– Subordinated A
Since 1999 DVB has been rated by Standard & Poor's (S&P) at regular intervals. Within the scope of the German Cooperative Financial Services Network's rating,
DVB has also been evaluated by Fitch Ratings since 2005.
Mar
2015
Aug
2012
Jun
2009
Jan
2009
Long-term issuer default rating AA- A+ A+ A+
Short-term issuer default rating F1+ F1+ F1+ F1
Debt Issuance Programme:
– Long-term senior unsecured
– Short-term senior unsecured
AA-
F1+
A+
F1+
Page 15Investor Presentation __ October 2017 __ Rating
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Macroeconomic environment (1)
The International Monetary Fund (IMF) has kept its forecasts on the recovery of the global economy (published on 24 July 2017)
largely unchanged: it forecasts global economic growth of 3.5% in the year 2017 – slightly above the previous year's level
(projection for 2016: 3.1%), albeit with different contributions at the individual country level.
/ The US growth forecast has been revised downwards slightly. While the markdown in the 2017 forecast reflects in part the
weak growth outturn in the first quarter of the year, the major factor behind the growth revision is the assumption that fiscal
policy will be less expansionary than previously assumed, given the uncertainty about the timing and nature of US fiscal policy
changes. Market expectations of fiscal stimulus have also receded.
/ China's economic growth is expected to remain at the same level as in the previous year. Full-year growth projections have
been revised upwards, reflecting a surprisingly strong first quarter of 2017 which showed the effects of monetary policy easing
and supply-side reforms. The IMF's medium-term outlook, however, reflects an expectation that the Chinese authorities will
delay the needed fiscal adjustments to meet their target of doubling 2010 real GDP by 2020. However, this delay comes at the
cost of further large increases in debt, thus also increasing downside risk.
/ Euro area growth for the first quarter of 2017 was generally above expectations, maintaining the trend already seen in the
fourth quarter of the previous year. Growth projections have therefore been revised up, with loose fiscal policies, favourable
financing conditions, and growing momentum in domestic demand seen as key drivers.
/ Oil prices rebounded in the middle of May, when OPEC surprised the market with an extension of its production cuts through
March 2018. However, oil prices then declined until the end of July, amid continued US production growth and strong OPEC
exports to the US. Prices are expected to remain around their current levels until the end of 2018.
Page 16
Source: IMF, July 2017
Investor Presentation __ October 2017 __ Macroeconomic environment and forecast
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Macroeconomic environment (2)
DVB agrees with expert opinion and expects further economic growth to remain volatile on the back of the following risk factors:
/ The difficult-to-predict developments of US regulatory and fiscal policies and the negotiations of post-Brexit arrangements may
lead to a more protracted period of political uncertainty.
/ A faster-than-expected monetary policy normalisation in the US could tighten global financial conditions and trigger reversals in
capital flows to emerging economies, as well as an appreciation of the US dollar versus the euro – with adverse repercussions
for vulnerable economies.
/ Should China diminish its recent efforts to address financial sector risks and curb excessive credit growth, this might result in
an abrupt growth slowdown, with adverse spillovers to other countries through trade flows and commodity prices.
/ Increased geopolitical tensions and growing terrorism might impact upon the global economy.
/ Further developments in commodity prices – especially with respect to crude oil prices – will continue to have a major impact
on economic growth.
Page 17
Source: IMF, Julyl 2017
Investor Presentation __ October 2017 __ Macroeconomic environment and forecast
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Forecast 2017
Page 18
/ We plan to sustain the positive business development in Aviation Finance as well as in Land Transport Finance, and strengthen the
earnings power of these businesses.
/ We expect risk costs in our Shipping Finance and Offshore Finance portfolios to remain high throughout the financial year 2017 –
due to the persistent crisis in the shipping and offshore sectors. Accordingly, risk management in these two divisions will continue
to command particular attention, as well as proactive restructuring measures.
/ We thus expect consolidated return on equity for 2017 (before taxes and before IAS 39) to significantly fall short of the forecast; it
is also unlikely to match the forecasts for the other key financial indicators, cost/income ratio and Economic Value Added.
/ We strive to preserve our sound core operational earnings before risk costs and before IAS 39. This means that, in addition to our
lending business, we will focus on value-added services for clients in our Transport Finance business – such as capital markets
products and advisory services.
/ We will keep supporting our shipping clients in a market environment characterised by less liquidity supply, on a selective basis –
yet with markedly lower volumes of new business.
Structural changes with differing characteristics can be observed in the sub-markets of the global transport sector. Whilst aviation
and land transport markets are predominantly shaped by high excess liquidity together with strong margin and competitive
pressures, the shipping and offshore industries have yet to see the end of the ongoing consolidation phase.
/ We will continue to analyse the business environment in the markets we cover, in great detail – to focus on business opportunities
which allow us to return to adequate profitability, and to sustainably stabilise for the future.
Investor Presentation __ October 2017 __ Macroeconomic environment and forecast
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Financial calendar
__ 2017
/ Publication of the single-entity and Group Annual Reports 2016
/ Publication of the Quarterly Statement – Three-month results 2017
(for the first three months ending 31 March 2017)
/ Annual General Meeting at the Deutsche Nationalbibliothek,
Adickesallee 1, Frankfurt/Main
/ Publication of the Half-Yearly Financial Report 2017
31 March 2017
11 May 2017
22 June 2017
31 August 2017
Page 19Investor Presentation __ October 2017 __ Financial calendar
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
02/ DVB – Business model21 Competitive strengths
DVB’s mission statement
At DVB, we make deals work.
This means striving to seek and develop intelligent and appropriate solutions that meet
and even exceed our clients’ needs and expectations.
We go the extra mile to constantly and thoroughly research and study our industry.
Often, this leads us to challenge conventional wisdom when offering our focused range
of financing services.
The specialist
in international transport finance
Page 21Investor Presentation __ October 2017 __ Competitive strengths
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
DVB’s business model (1)
Asset & Market Research
Structured Asset Lending
Private Equity Sourcing & Investments
Asset Management
Client Account
Risk Distribution & Loan Participations
Corporate Finance Solutions
Shipping
Finance
Aviation
Finance
Offshore
Finance
Land Transport
Finance
Page 22Investor Presentation __ October 2017 __ Competitive strengths
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
DVB’s ten competitive strengths
Business model clearly focused, distinctively specialised, diversified in many aspects, cycle-neutral and
international in scope
Business policy conservative and sustainable
Organisation transparent structures, swift information flow and prompt decision-making
Human resources highly qualified and experienced
Products & services customised and beyond the typical scope of banking
Asset & Market Research sophisticated, renowned and award-winning
Credit portfolio diversified by multiple criteria and categories
Risk management consistent and forward-thinking
Funding granular and maturity-matched
Own funds sound capital base 10Page 23Investor Presentation __ October 2017 __ Competitive strengths
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Strengths
/ Clearly focused business model with a
unique specialisation, cycle-neutral
business approach, and a global
presence in all key transport markets
/ Conservative and sustainable business
policy
/ Transparent structures, with a high
degree of flexibility and fast decisions
/ Highly qualified, experienced staff
/ Customised products and services, high
level of client service, as well as close
contacts to manufacturers and leasing
companies
/ Extensive market and asset expertise
/ Credit portfolio diversified by multiple
criteria and categories
/ Advanced risk management and pricing
systems
/ Granular and matched-maturity funding
/ Sound capital base through own funds
S
/ Higher liquidity costs, compared to most
competitors
/ Direct relationship between the Bank's
business development and GDP growth
/ Relatively high sector exposure
/ Global presence requires high staff
resources
/ High staff costs due to high levels of
employee qualification in terms of
academic expertise and experience
/ No material client deposits
/ Exposure to the euro/US dollar
exchange rate, with an impact on growth
and results
W
/ Realisation of margins in line with risks
taken
/ Expansion of anti-cyclical Investment
Management activities
/ Building new client relationships
/ Numerous initiatives taken to broaden
the product portfolio and enhance cross-
selling
/ Funding available through access to the
extensive liquidity offered by the
German Cooperative Financial Services
Network
/ Expanding the advisory and other
services offered to clients, banks, and
investors
/ Boosting DVB's reputation as a reliable
partner to the international transport
industry
O
/ High level of early repayments,
negatively impacting the net interest
margin
/ Rising number of insolvencies,
especially in the shipping and offshore
markets
/ Significant decline in transport asset
values, in various market segments
/ Rising threat of recession, on a global
scale
/ Distortions on the global financial
markets
/ Indebtedness of certain industrial
nations and emerging economies
/ Rise of the US dollar against the euro
/ Further increasing regulatory
requirements
/ Development of commodity prices, in
particular oil prices
T
DVB’s SWOT analysis
Weaknesses Opportunities Threats
Page 24Investor Presentation __ October 2017 __ Competitive strengths
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Instruments for sustainably dealing with credit risks
/ Forecasting future
market developments
and asset values forms
the basis of our portfolio
strategy and individual
deal decisions
/ Increased visit
frequency depending
on risk situation
Intensive
research and
close client
contact
/ e.g. specific covenants
in the Shipping Finance
contracts, like value
maintenance clauses
Close monitoring
of compliance
with all lending
agreements
/ Identification of
potentially higher risks
in case the market
environment
continues to deteriorate
by quarterly portfolio
stress tests
/ Basis: changing asset
values (specific haircuts)
and counterparties’
creditworthiness
(increase of probability
of default)
Early
Warning
List
/ Early detection of
increased risks of
potential problem
exposures
Closely
Monitored
List
/ Close monitoring of
transactions that have to
be restructured and/or of
transactions with a
potential or already
existing need to
recognise allowance for
credit losses
Watch
List
/ In general, transactions
are placed on the LLP
List if risks have
materialised, and the
deal has been classified
as defaulted.
Loan Loss
Provision
List
Page 25Investor Presentation __ October 2017 __ Competitive strengths
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
59 Land Transport Finance
66 Financial Institutions and Syndications
69 DVB Corporate Finance
74 Investment Management
03/ DVB – Lending volume and portfolio data27 Lending volume
28 Shipping Finance
29 Aviation Finance
30 Offshore Finance
31 Land Transport Finance
32 Financial Institutions and Syndications
33 DVB Corporate Finance
34 Investment Management
Customer lending volume
US$ bn 30 Jun 2017 31 Dec 2016 %
Shipping Finance 12.5 12.6 -0.8
Aviation Finance 8.2 9.1 -9.9
Offshore Finance 2.4 2.5 -4.0
Land Transport Finance 1.7 1.7 –
Investment Management 0.6 0.6 –
ITF Suisse 0.2 0.6 -66.7
Business no longer in line
with DVB’s strategy 0.1 0.2 -50.0
Total 25.7 27.3 -5.9
€ bn 30 Jun 2017 31 Dec 2016 %
Shipping Finance 11.0 11.9 -7.6
Aviation Finance 7.2 8.7 -17.2
Offshore Finance 2.1 2.4 -12.5
Land Transport Finance 1.5 1.6 -6.3
Investment Management 0.5 0.6 -16.7
ITF Suisse 0.1 0.6 -83.3
Business no longer in line
with DVB’s strategy 0.1 0.1 –
Total 22.5 25.9 -13.1
by business division
by region
Page 27
48.9% Shipping Finance
0.5% ITF Suisse
2.2% Investment Management
6.6% Land Transport Finance
9.3% Offshore Finance
32.0% Aviation Finance
48.9% Europe
0.5% Australia & New Zeeland
2.2% South America
4.0% Offshore
4.9% Middle East & Africa
16.4% Asia
23.1% North Amerika
0.5% Business no longer in
line with DVB‘s strategy
Investor Presentation __ October 2017 __ Lending volume
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Shipping Finance portfolio (30 Jun 2017: €11.0 bn)
Total lending volume by vessel type Total lending volume by country risk
Page 28
1.3% Ferries, passenger vessels
48.1% Tankers
thereof:
14.4% Crude oil tankers
11.6% Gas tankers
11.3% Product tankers
10.8% Chemical tankers
55.2% Europe
3.6% Offshore
3.9% Middle East & Africa
15.2% Asia
21.2% North America25.7% Bulk carriers
0.9% South &
Central America
1.3% Others
1.7% Cruise ships
2.7% Container boxes
3.1% Car carrier
16.1% Container carriers
Investor Presentation __ October 2017 __ Shipping Finance
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Aviation Finance portfolio (30 Jun 2017: €7.2 bn)
Total lending volume by aircraft type Total lending volume by country risk
4.4% Regional jets
thereof:
4.2% Embraer
0.2% Bombardier
5.0% Freighters
thereof:
4.5% Boeing
0.5% Airbus
2.0% Turboprops
thereof:
1.8% ATR
0.2% Bombardier
51.1% Narrowbody pax
thereof:
25.4% Boeing
25.7% Airbus
35.3% Europe
2.2% South & Central America
4.5% Offshore
9.6% Middle East & Africa
23.8% Asia & Australia
37.5% Widebody pax
thereof:
23.1% Boeing
14.4% Airbus
24.6% North America
Page 29Investor Presentation __ October 2017 __ Aviation Finance
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Offshore Finance portfolio (30 Jun 2017: €2.1 bn)
Total lending volume by asset type Total lending volume by country risk
22.6% Drilling
thereof:
17.7% Rigs
4.9% Drillships
8.5% Floating Production –
F(P)SO
51.4% Europe
0.6% Middle East &
Africa 6.9% Offshore
12.1% North America
14.0% South &
Central America
15.0% Asia23.8% Subsea
thereof:
10.1% Offshore construction vessels
5.4% Seismic survey vessels
4.2% Multi-function service vessels
1.4% Standby rescue vessels
2.7% Others
45.1% Offshore support
thereof:
22.3% Platform supply
vessels
20.5% Anchor handlers
2.3% Oil well service
vessels
Page 30Investor Presentation __ October 2017 __ Offshore Finance
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Land Transport Finance portfolio (30 Jun 2017: €1.5 bn)
Total lending volume by asset type Total lending volume by country risk
56.2% Europe
2.8% Australia
41.0% North America
91.5% Rail-based
thereof:
63.9% Freight cars
17.8% Locomotives
8.6% Regional passenger train sets
1.2% Passenger coaches
8.5% Rail-related
thereof:
8.5% Container chassis
Page 31Investor Presentation __ October 2017 __ Land Transport Finance
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Financial Institutions and Syndications portfolio
(30 Jun 2017: €371.9 mn)
Total sell-down volume by business division
69.4% Aviation Finance30.6% Shipping Finance
Page 32Investor Presentation __ October 2017 __ Financial Institutions and Syndications
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
DVB Corporate Finance portfolio (30 Jun 2017)
Revenue by business division Revenue by products
42.0% Capital Markets
58.0% Advisory and
Mergers & Acquisitions
Page 33
1.0% Land Transport Finance
64.0% Shipping Finance
35.0% Aviation Finance
Investor Presentation __ October 2017 __ DVB Corporate Finance
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Investment Management – Investment volume (30 Jun 2017)
Breakdown of the investment volume
73.0%
AIM
27.0%
SIIM
SIIM: thereof: 23.9% SIIM/NFC Shipping Funds 1.8% Stephenson Capital 1.3% Container Funds
Page 34
SIIM shipping portfolio by asset type €291.0 mn
15.4% Other investments
54.5% Tankers
thereof:
18.3% LPG tanker
17.4% Chemical tankers
7.6% Product tankers
6.2% Crude oil tankers
5.0% LNG tankers
4.9% Car carriers
7.0% Bulk carriers
7.9% Containerships
10.3% Offshore vessels
AIM by asset type €889.0 mn
thereof:
14.8% Widebody
2.1% Engines
0.1% Narrowbody
3.2% Freighter widebody
29.4% Passenger widebody
50.2% Passenger narrowbody
0.2% Other
17.0% Disassembly
Investor Presentation __ October 2017 __ Investment Management
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
04/ DVB – Further information36 Shareholder base
37 Board of Managing Directors
38 Staff
39 Imprint
40 Photo credits
Current shareholder base
Seite 36
100.00%
/ Squeeze-out resolution of the AGM
/ Expiration of the period for filing an action of avoidance
/ Registration into the Commercial Register
/ Delisting at the Frankfurt Stock Exchange – General Standard
/ Payment of the cash compensation per share to minority shareholders
22 June 2017
24 June 2017
17 August 2017
17 August 2017
22 August 2017
Investor Presentation __ October 2017 __ Structure
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Responsibilities of DVB’s Board of Managing Directors
as of 1 January 2017
Client areas in business divisions Client areas at affiliatesProduct/service areas
Ralf
Bedranowsky
CEO and Chairman
of the Board of
Managing Directors
David
Goring-Thomas
Member of the
Board of
Managing Directors
Christian
Hagemeyer
Member of the
Board of
Managing Directors
L.H. (Bart)
Veldhuizen
Member of the
Board of
Managing Directors
Page 37Investor Presentation __ October 2017 __ Board of Managing Directors
Corporate
Finance
Shipping
Finance
Offshore Finance
Shipping and
Intermodal
Investment
Management
Information
Technology
DVB Capital
Markets LLC
Aviation
Credit
Credit and
Asset Solution
Group
Land Transport
Research
Aviation
Research
Land Transport
Credit
Shipping and
Offshore
Credit
Group Risk
Management
Aviation
Finance
Aviation
Investment
Management
Land Transport
Finance
Aviation
Financial
Consultancy
Financial
Institutions
and
Syndications
Group
Treasury
Transaction
and
Loan Services
DVB Transport
Finance Ltd
Business Process
Support
Group Compliance
Office
Group
Corporate
Communications
Group
Audit
Group Controlling
Group
Finance
ITF
International
Transport Finance
Suisse AG
LogPay Financial
Services GmbH
Group Human
Resources
Group
Legal
Shipping and
Offshore
Research
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Nationalities in DVB (30 Jun 2017)
643 active employees
DVB Bank Group
333 active employees
Transport Finance/Investment Management
14.9% 33 other nationalities 42.6% German
11.7% Dutch
3.1% Norwegian
13.5% British
3.3% Greek
4.7% US-American
6.2% Singaporean
19.0% 22 other nationalities
17.7% Dutch
5.4% Greek
18.6% British
5.7% Norwegian
7.2% US-American
9.6% Singaporean
16.8% German
Page 38Investor Presentation __ October 2017 __ Staff
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Imprint
Responsible for the content of this presentation
and contact:
Elisabeth Winter
Head of Group Corporate Communications
Managing Director
Phone: +49 69 9750 4329
E-mail: [email protected]
DVB Bank SE
Platz der Republik 6
60325 Frankfurt/Main, Germany
www.dvbbank.com
For further information please visit
www.dvbbank.com
After scanning this QR with your smartphone,
you will have direct access to our website.
Page 39Investor Presentation __ October 2017 __ Imprint
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information
Lisa Boose-Kirwel
Group Corporate Communications
Manager Investor Relations
Phone: +49 69 9750 4435
E-mail: [email protected]
Photo credits
Page 40Investor Presentation __ October 2017 __ Photo credits
Front Cover:
Shipping Finance:
Pages 1, 6: M.T. Maritime Management (USA) LLC, Southport, USA
Aviation Finance:
Pages 1, 6: Bert van Leeuwen, DVB Bank SE, Amsterdam, The Netherlands
Offshore Finance
Pages 1, 6: Volstad Management AS, Ålesund, Norway
Land Transport Finance:
Pages 1, 6: Wouter Radstake, DVB Bank SE, Frankfurt/Main, Germany
01/ DVB – Financials and outlook
Page 4: iStock/SusanneB
02/ DVB – Business model
Page 20: DZ BANK AG/DVB Bank SE
03/ DVB – Lending volume and portfolio data
Page 26: Getty Images
04/ DVB – Further information
Page 35: DVB Picture Archives
Page 37 Ralf Bedranowsky, David Goring-Thomas, Christian Hagemeyer and L.H. (Bart) Veldhuizen:
Andreas Fechner, Dusseldorf, Germany and DVB Bank SE, Frankfurt/Main, Germany
Page 39: DVB Picture Archive
01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information