Aareal Bank AG: Analysts' call on the 2021 Q3 figures, Presentation to the Analyst Conference Call

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Analysts' call on the 2021 Q3 figures, Presentation to the Analyst Conference Call

Analyst Conference Call

Q3 2021 results

November 11, 2021

Jochen Klösges (CEO)

Marc Hess (CFO) - Christof Winkelmann (CMO)

Agenda

  • Highlights
  • Group Results
  • Segments
  • Capital, Funding & Liquidity
  • Outlook
  • Key Takeaways
  • Appendix

1

Agenda

  • Highlights
  • Group Results
  • Segments
  • Capital, Funding & Liquidity
  • Outlook
  • Key Takeaways
  • Appendix

2

Highlights

Good Q3 results demonstrate continued positive development

Aareal Bank Group

Still uncertain environment

Encouraging performance

Outlook

  • Gradually normalising environment supporting positive development
  • Covid-19related uncertainties continue, esp. for the running winter quarter
  • Swoosh scenario expected to remain intact (economic recovery)
  • Successfully executing our strategy - significant top line driven profit increase continued
  • Strong NII development based on profitable, risk conscious portfolio growth
  • LLP as expected still above normalised average due to remaining Covid-19 related uncertainties

SPF:

- Strong new business with attractive margins further

supporting growth plan

- Portfolio-YoD significantly recovered

- Portfolio volume already above original YE-target

BDS:

- NCI further increased

- Deposit volume at high level

Aareon: - Successful M&A activities

    • Sales revenue growth still diluted by Covid-19
  • Operating profit target for 2021 confirmed,
    FY-tax rate as communicated between 50% - 60% expected
  • The Bank invited to an EGM to be held on 9 Dec. 2021 for shareholders to vote on the second tranche of the dividend for the 2020 financial year amounting to 1.10 € per share.
  • However the discussions with Centerbridge and Advent are still ongoing. In the event of an offer being submitted the dividend proposal for the EGM might be reassessed

3

Agenda

  • Highlights
  • Group Results
  • Segments
  • Capital, Funding & Liquidity
  • Outlook
  • Key Takeaways
  • Appendix

4

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Disclaimer

Aareal Bank AG published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 06:19:05 UTC.

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