Analyst Conference Call

Q1 2021 results

May 11, 2021

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

Solid performance - Outlook confirmed

Aareal Bank Group

Still uncertain environment

Solid performance

Outlook confirmed

  • Sticking to swoosh scenario (economic recovery)
  • Positive developments in the US, UK and Asia -
    Continental Europe still lagging behind triggered by slower vaccination process
  • Solid Q1 with operating profit in line with FY-guidance
  • Strong double digit NII growth yoy
  • Low Q1-LLP after Covid-19 related comprehensive risk provisioning in 2020
  • Growth in all three segments

▪

SPF:

- New business and promising deal pipeline support growth plan,

attractive margins and good LTVs

- Portfolio further increased towards target size

▪

BDS:

- Growing NCI

- Deposit volume at high level

▪

Aareon:

- Sales revenues further increased yoy despite Covid-19

related burden in Consulting business

  • Outlook confirmed
  • AGM dividend1) proposal of € 0.40 - remaining € 1.10 intended to be paid out after an extraordinary Annual General Meeting which could possibly take place in the fourth quarter
  1. The dividend payment of € 1.50 per share in 2021 for the financial year 2020 would need to be made in two steps. In compliance with the requirements published by the European Central Bank (ECB) on 15 December 2020, the distributable amount is € 0.40 per share.

The Management Board will submit a proposal for the appropriation of profits to the ordinary Annual General Meeting in May 2021.

3 Depending on the economic developments, the regulatory requirements, the capital position and the risk situation of the bank, an extraordinary Annual General Meeting, which could possibly take place in the fourth quarter, could then decide on the intended remaining payout of € 1.10 per share.

Agenda

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

4

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Aareal Bank AG published this content on 11 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2021 05:21:03 UTC.