Aareal Bank : Analyst Conference - preliminary 2021 results, Presentation to the Analyst Conference on 24 Feb. 2022

Analyst Conference

Preliminary 2021 results

February 24, 2022

Jochen Klösges (CEO)

Marc Hess (CFO)

Agenda

• Takeover offer from financial investors
• Achievements and goals
• Preliminary 2021 group results
• Segments
• Capital, funding & liquidity
• ESG
• Outlook 2022
• Appendix

1

Note: All 2021 figures preliminary and unaudited

Prologue

Takeover offer from financial investors

Aareal Bank did not seek the offer, but, following a legally binding, thorough examination, considered it to be strategically sensible and had to present the offer as an option to its shareholders

Process was open to other interested parties, but no higher bid was received

Aareal Bank's strategy convinced PE investors; due diligence confirmed quality of loan book

Offer process has further highlighted growth potential of Aareal Bank Group in all segments

2

Note: All 2021 figures preliminary and unaudited

Agenda

• Takeover offer from financial investors
• Achievements and goals
• Preliminary 2021 group results
• Segments
• Capital, funding & lquidity
• ESG
• Outlook 2022
• Appendix

3

Note: All 2021 figures preliminary and unaudited

Achievements 2021

Strategic targets achieved or exceeded

					NII: Increased momentum
700	€		mn
600
+17%
500
400										597
300					512
200
100
0
					FY 2020	FY 2021

Operating profit: Strong turnaround

200 € mn

100	€ +230 mn	155

0

-75

-100

FY 2020

FY 2021

LLP: Strong decline

400 € mn

341)

300

344	€ -209 mn

200

361)

100

133

0

FY 2020

FY 2021

CET1 ratio2): Solid capital base

20%

+0.9%P

15%

18.2%

10%17.3%

5%

0%

12/2020

12/2021

Position for further growth strengthened

1. Value adjustments of NPL accounted as fvpl
2. CET 1 Basel IV (phase-in) as at YE

4

Note: All 2021 figures preliminary and unaudited