Analyst Conference Call

Q2 2021 results

August 12, 2021

Marc Hess (CFO)

Christof Winkelmann (CMO)

Agenda

  • Highlights
  • Group Results
  • Segments
  • Capital
  • Outlook
  • Key Takeaways
  • Appendix

1

Agenda

  • Highlights
  • Group Results
  • Segments
  • Capital
  • Outlook
  • Key Takeaways
  • Appendix

2

Highlights

Significant top-line driven profit increase, operating profit target confirmed

Aareal Bank Group

Still uncertain environment

Encouraging performance

Outlook

  • Positive developments due to vaccination progress
  • Remaining uncertainties by e.g. delta variant
  • Swoosh scenario continues to be intact (economic recovery)
  • Significant top line driven profit increase in Q2
  • Strong NII development based on profitable portfolio growth
  • Cost discipline maintained; increase attributable to Aareon growth
  • Moderate LLP despite successfully concluding Italian de-risking activities

▪

SPF:

- New business and promising deal pipeline support growth plan

- Attractive margins and good LTVs

- Portfolio further increased

▪

BDS:

- NCI stable considering BGH-ruling regarding fees

- Deposit volume at high level

▪

Aareon:

- Sales revenue further increased despite Covid-19 burden

    • Successful M&A activities
  • Operating profit target confirmed, FY-tax rate between 50% - 60% expected
  • Continuing to intend distributing a second dividend tranche for 2020 of € 1.10 per share, if the communicated conditions are met1)
  1. Following a corresponding announcement by the European Central Bank on 23 July, Aareal Bank continues to intend distributing a second dividend tranche of €1.10 per share for the 2020 financial year, provided that the communicated conditions are met, which is the Bank's current expectation. In the absence of material adverse developments,

3

Aareal Bank plans to convene an extraordinary General Meeting in the fourth quarter, to decide on the dividend proposal.

Agenda

  • Highlights
  • Group Results
  • Segments
  • Capital
  • Outlook
  • Key Takeaways
  • Appendix

4

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Aareal Bank AG published this content on 12 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2021 05:10:09 UTC.