Results Q1 2023 - Analyst Presentation

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Results Q1/23 (IFRS, pbb Group, unaudited) 15 May 2023

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1. Highlights Q1/23

AGENDA

2.

3.

Operative Highlights

Financial Highlights

4. ESG

5. Strategic Initiatives

6. Summary

7. Appendix

Results Q1/23 (IFRS, pbb Group, unaudited) 15 May 2023

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HIGHLIGHTS Q1/23

pbb remains on track in difficult market

environment

Progress on strategic initiatives

Pre-tax profit of € 32 million in-line with full-year guidance 2023

Increased average gross portfolio margin

Release of management overlay keeps risk provisions low

Retail deposit volume strongly increased

Results Q1/23 (IFRS, pbb Group, unaudited) 15 May 2023

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THE ROAD AHEAD

2023

Operative resilience

  • NII reduced due to floors/TLTRO - catch-up from H2/23 expected
  • Forward-lookingrisk approach keeps risk provisioning on low level, while loan loss reserves remain stable
  • On track to deliver on guidance

Year of Investments

2023 Year of Investments to lay the foundation for the implementation of our plan and steer through difficult markets

We aim to deliver our plan in three phases by 2026 - 2023 is Year of Investments

2026 & beyond

2024 & 2025

Release our full potential

Accelerate our

Further scale up our growth

performance

initiatives beyond 2026

Harvest first benefits to lift our

performance beyond past levels

Results Q1/23 (IFRS, pbb Group, unaudited) 15 May 2023

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Deutsche Pfandbriefbank AG published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 07:27:04 UTC.