DZ HYP - Investor Presentation - Hamburg/Muenster (Westphalia), September 2020
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DZ HYP – Investor Presentation Hamburg/Muenster (Westphalia), September 2020
AGENDA
1. Company Profile and Business Strategy
2. Facts & Figures
3. Funding
4. Sustainability
1. Company Profile and Business Strategy Page 3 DZ HYP - Investor Presentation
DZ HYP – Overview
Strategic focus Business development
» DZ HYP is a leading provider of real estate finance with a » Successful business development in the year 2020
deep integration into Cooperative Financial Network » Pleasant trend of growing portfolio in real estate lending
» Strong financing partner in the following business segments: business to 51.3 bn EUR
» Corporate Customers » DZ HYP raises operating profit to 115 mn EUR
» Retail Customers
» Public-Sector Customers » ~82 bn Euro total assets
» ~67 bn Euro client business volume
» Owners: 96.39% DZ BANK AG, 1.85% Foundation Stiftung
Westfälische Landschaft‘, 1.76% Volksbanken/ » ~46 bn Euro Pfandbriefe outstanding
Raiffeisenbanken » New business volume of 3.9 bn Euro until Q2 2020
» Prominent issuer in Pfandbriefe with stable rating base: (2019: 5,1 bn Euro) was generated
» Issuer Rating AA- (S&P / Fitch Ratings1) » Corona pandemic led to reduced demand for financings
» Pfandbriefe: AAA (S&P) during the month from April to June
» Senior Preferred: AA- (S&P)
» Senior Non-Preferred: A+ (S&P)
1Joint rating of the Cooperative Financial Network
Page 4 DZ HYP – Investor Presentation
DZ HYP as part of a strong group – the Cooperative Financial Network
Key facts and figures for the
The network in figures1
Cooperative Financial Network
Ratings (S&P and Fitch)
(long-term) AA-
> 30
million customers 2019 2018
18.6 million “shareholders” Consolidated net income before taxes (€ mn) 10,179 7,771
841 cooperative banks Cost/income ratio (%) 62.2 69.5
Consolidated total assets (€ mn) 1,384,088 1,293,177
Reported equity (€ mn) 116,013 107,704
Common equity tier 1 ratio (%)2 15.5 15.6
Leverage Ratio
7.8 7.8
(full application of the CRR; %)
Employees 140,000 142,850
1National Association of German Cooperative Banks (BVR); 2including reserves pursuant to section 340f of the German Commercial Code (HGB)
Page 5 DZ HYP - Investor Presentation
DZ HYP as part of a strong group – the DZ BANK Group
DZ BANK Group DZ BANK Group in figures2
30 Jun 20203 31 Dec 20193
Total assets (€ bn) 604 559
Profit before taxes (€ mn) 0.557 2.7
Common equity tier 1
14.0% 14.4%
(CET1) ratio1
Leverage Ratio1 4.6% 4.9%
1Full application of the CRR; 2In accordance with IFRS; 3Key figures under: https://www.dzbank.de/content/dzbank_de/de/home/unser_profil/investorrelations/ir_kennzahlen.html
Page 6 DZ HYP - Investor PresentationGuiding principle and mission statement
DZ HYP as a partner, driving force and specialist within the Cooperative Financial
Network
... the competent financing partner with a strong
funding base, and a broad, decentralised structure
DZ HYP as a leading real estate finance house, centre of competence for public-sector
Ambition
customers in the Cooperative Financial Network, and a major issuer of Pfandbriefe in Germany
Customisation DZ HYP provides added value to its partners and customers, through customised solutions
instead of standardised products
Fully-fledged market presence as a centre of competence for the entire Cooperative
Focus
Financial Network, with strong commitment and efficient solutions
Values Security, reliability, attractiveness and continuity – for the Cooperative Financial Network,
customers, employees, and investors
DZ HYP provides a comprehensive range of products and services in
real estate finance and local-authority lending
Page 7 DZ HYP - Investor PresentationBusiness divisions of the bank
Corporate Customers Retail Customers Public-Sector Customers
Commercial Real Estate
Housing Sector
Investors
Customers (regardless of their legal Cooperative, municipal, church- Consumers (as defined by section German authorities and their legally
form or status) who invest in real owned or other housing 13 of the German Civil Code) with dependent operations, special
estate for commercial and/or enterprises throughout Germany, financings of up to € 1 million for public-law administrative unions,
investment purposes providing affordable housing for a predominantly residential and public-law institutions
substantial share of the population real estate
Full market coverage and clear client segmentation as building blocks for a successful market presence
Seite 8 DZ HYP - Investor PresentationOffering high-performance products to our customers, and to cooperative
banks (as an associated provider)
Corporate Customers Retail Customers
Commercial Real Estate Investors » Annuity and fixed-rate loans for retail customers – issued by
cooperative banks or by DZ HYP; fixed-interest periods of up to
» Tailor-made financings for commercial real estate investors,
30 years
and for commercial or residential real estate developers
» Deep IT integration enables efficient process chains for cooperative
» Joint market coverage with the cooperative banks
banks, with automated 'traffic-light' procedures for exposures up to
» Central market development for investor inquiries up to € 1 million
€ 12.5 million
» Core segments: office, residential, retail
Specialist segments: hotels, logistics, real estate for social
purposes
Public-Sector Customers
Housing Sector » Short-term public-sector loans, and municipal loans with
» Customised financing solutions tailored to the target client fixed-interest periods up to 30 years
group, with a focus on residential real estate; fixed-interest
periods up to 30 years
» Joint market coverage with the cooperative banks
» Participation of cooperative banks in housing sector
financings (arranged by DZ HYP)
Seite 9 DZ HYP - Investor PresentationDZ HYP has a nationwide, local presence across its German core market
and in selected foreign markets
Hamburg
» DZ HYP's nationwide presence
comprises two Head Offices (Hamburg
Accompanying
German customers and Muenster), plus Real Estate Centres
into selected foreign Hannover
Berlin and Regional Offices across Germany
markets Münster
(F, NL, UK, AT) » Covering all regions, with competent local
Düsseldorf Kassel Leipzig contacts across all business segments
Frankfurt » Local service to customers and partner
banks, with swift decision-making
Nürnberg processes
Mannheim
» Assisting mostly institutional customers
Stuttgart into selected foreign markets
München
Head Office
Real Estate Centre
Regional Office
Page 10 DZ HYP - Investor Presentation2. Facts & Figures Page 11 DZ HYP - Investor Presentation
The German real estate market
Corona pandemic poses new challenges for the real estate market
Transaction Volume
Volume (€ bn)
» Housing market came off best through pandemic:
resilient demand, stable prices
21,8
» Commercial real estate shows a differentiated
21,4
25,7
16,8 picture:
16,7
» Retail (non-food) and hotels register heavy sales
14,8
losses
17,6
69,5 14,7 » Impact of home office solutions on offices still
6,8
11,4
54,6 55,7 57,6 outstanding
50,0
3,8 38,0 » Logistics suffer from recession but benefit from
30,1 27,8
4,2
18,8
23,4 25,1
highly growing online commerce
9,9
» The german real estate market benefits of its good
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 HJ 2020
1
reputation as a safe haven investment
Commercial real estate Living
1Living:
Multi-family houses and residential portfolios of 10 or more residential units, apartment buildings,
student residences, senior/nursing homes and clinics
Source: DZ BANK, JLL
Page 12 DZ HYP - Investor PresentationThe German real estate market – commercial business
Rent in Top Cities Real estate yields in german top locations
Top rents offices and retail in € per sqm Net initial yield, in %
Average residential rent of first-time lease in € per sqm
8
36 340
34 320
7
32 300
30 280 6
28 260
5
26 240
24 220 4
22 200
3
20 180
18 160 2
16 140
1
14 120
12 100
0
10 80
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
-1
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
1
office (lhs) residential (lhs) retail (rhs)
Federal bonds 9-10 years office logistics retail
Source: DZ BANK, JLL, BulwienGesa, OECD
Page 13 DZ HYP - Investor PresentationThe German real estate market – residential property
Property Prices1 Property Prices1
2010 = 100 Compared to previous year (%)
240 16
220 14
12
200
10
180
8
160
6
140
4
120
2
100 0
80 -2
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
owner occupied housing Germany multi-family Germany owner occupied housing Germany multi-family Germany
owner occupied housing top7 only multi-family top7 only owner occupied housing top7 only multi-family top7 only
1Single-family houses or multiple-family dwellings; Source: DZ BANK
Page 14 DZ HYP - Investor PresentationThe German real estate market – international comparison
International Residential Property Price Indices Current Residential Property Prices
Residential property prices from Q1/1995 til Q2/2020 (1995 = 100) Change (%) Q1/2019 on Q1/2020
550
8.1
500
7.0 7.1
450 6.6
400
5.2
350
4.0
3.5 3.6
3.4
300 3.1
2.9
250 1.9
1.7
200 0.9 1.0
0.3
150
Ireland
Norway
Austria
Belgium
France
Italy
Canada
Spain
Switzerland
UK
Germany
Sweden
Netherlands
Australia
U.S. (Case-Shiller)
New Zealand
100
50
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Germany France Ireland Netherlands Spain UK U.S.
Source: DZ BANK
Page 15 DZ HYP - Investor PresentationDZ HYP's business development
01.01 until 01.01. until
Development of new business (€ mn) 30.06.2020 30.06.2019
Commercial Real Estate Investors 2,714 3,514
Housing Sector 208 340
Retail Customers/Private Investors 806 924
Public Sector (originated loans to local authorities) 168 292
Portfolio Development (€ mn) 30.06.2020 31.12.2019
Total equity and liabilities 82,215 79,437
Mortgage loans 51,305 50,151
Originated loans to local authorities 10,370 10,808
Public-sector lending1 11,191 11,917
Bank bonds 436 442
Mortgage-backed securities (MBS) 415 449
1Lending transactions with national governments and sub-sovereign entities, state banks and development banks, as well as state-guaranteed corporate bonds
Page 16 DZ HYP - Investor PresentationProfit and Loss Account
1 Jan-30 June 2020 1 Jan-30 June 2019
(€ mn) (€ mn)
Net interest income 301.9 263.6
Net commission result -16.7 -8.2
Administrative expenses 147.6 134.8
Other net operating income 7.5 2.5
Risk provisioning -28.6 -23.6
Net financial result -1.8 0.4
Operating profit 114.7 99.9
Allocation to the fund for general banking risks 26.0 29.0
Taxes 54.7 33.9
Partial profit transfer 8.0 8.0
Profits to be transferred under a profit and loss transfer agreement 26.0 29.0
Page 17 DZ HYP - Investor PresentationDZ HYP's key financial indicators
DZ HYP DZ BANK DZ BANK Integration into DZ BANK Group
Group Group
31 Dec 2019 30 Jun 2020 31 Dec 2019
Capital (€ mn) (€ mn) (€ mn)
Equity (€ mn) 1,762 28,175 27,796 » A control and profit and loss transfer agreement existed between DZ
Total capital ratio (%) 12.6 17.3 17.9
BANK and DZ HYP. Accordingly, DZ BANK has to compensate for
any net loss for the year.
Tier 1 ratio (%) 9.5 15.4 15.9
» On this basis, DZ HYP uses the so-called 'waiver option' provided
Common equity tier 1 ratio1 under section 2a of the German Banking Act (KWG; old version). DZ
8.4 14.0 14.4
(%) HYP's regulatory capital requirements are therefore fulfilled at the
level of DZ BANK Group.
Leverage Ratio1 (%) - 4.6 4.9
» Accordingly, equity is allocated to DZ HYP as part of Group
management, and in line with requirements.
Profitability » At the same time, DZ BANK AG has issued an unrestricted letter of
Cost/income ratio (%) 50.2 65.1 57.3 comfort for DG HYP, which continues to be valid following the
merger to form DZ HYP AG. DZ BANK AG has undertaken, expect
in the event of political risk, to ensure – for the consolidated entity
DZ HYP in its entirety – that DZ HYP is able to meet its contractual
Liquidity requirements obligations2.
LCR3 (%) 472.7 140.3 144.6
1 Full application of the CRR; 2As part of the Cooperative Finance Network, DZ HYP and DZ BANK are both integrated into the BVR Deposit Insurance Scheme
Page 18 DZ HYP - Investor PresentationDZ HYP's operating segments: Overview1
By business volume By federal states
Volume (€ mn) as at 30 June 2020 (%) as at 30 June 2020
10,365 66,627
15,033
Foreign
markets
2.7%
8,867
32,362
> 15%
> 10% 05%DZ HYP's real estate lending1
By federal states By type of property use
(%) as at 30 June 2020 (%) as at 30 June 2020
32.8%
Foreign
markets
3.2%
19.7%
19.1%
17.0%
> 15%
> 10% ≤ 15%
> 05% ≤ 10%
≤ 5%
5.1%
2.3% 2.0% 1.9%
Multi-floor Residential Office Retail Hotel Other Logistics without
residential Property
1Including irrevocable commitments
Page 20 DZ HYP - Investor PresentationDZ HYP's real estate lending1
By Rating2 By NPL3
(%) as at 30 June 2020 Volume (€ mn) as at 30 June 2020
0.18%
62.1%
56,263
27.7%
9.5%
102
0.5% 0.2% 0,1%
0A - 0E 1A - 1E 2A - 2E 3A - 3E 4A - 4E NR Real estate lending NPL
1Including irrevocable commitments; 2 BVR Rating; 3Non-Performing Loans
Page 21 DZ HYP - Investor PresentationDZ HYP's operating segments: Public-Sector Customers1
By federal states By rating2
(%) as at 30 June 2020 Volume (€ mn) as at 30 June 2020
87.4%
> 15%
> 10% ≤ 15%
> 05% ≤ 10%
≤ 5% 12.4%
0.2% 0.0% 0.0% 0.0%
0A - 0E 1A - 1E 2A - 2E 3A - 3E 4A - 4E NR
1Including irrevocable commitments; 2BVR Rating
Page 22 DZ HYP - Investor Presentation3. DZ HYP's funding Page 23 DZ HYP - Investor Presentation
Funding strategy
» To ensure that DZ HYP has sufficient liquidity at its disposal, at all times
Objectives » To provide a stable asset-/liability profile
» To realise attractive funding levels
» Important Pfandbrief issuer within DZ BANK Group
Products » Unsecured funding requirements mainly generated within DZ BANK Group
» Balanced funding mix
» Broad investor base, built on long-term business relationships
Investors » Regular publication of data concerning the Bank and cover pools
» Reliable issuance behaviour of DZ HYP
» First-class rating history preserved: AA- bank rating by Standard & Poor's (S&P) and Fitch Ratings – both
Ratings cover pools rated AAA by S&P
» Professional management of the cover pools
Memberships
Page 24 DZ HYP - Investor PresentationStable ratings. Strong funding base.
S&P Fitch1
Issuer Rating AA- AA-
Outlook negative negative
Mortgage Pfandbriefe AAA -
Public Sector Pfandbriefe AAA -
Unsecured bonds
Senior Preferred AA- AA-
Senior Non-Preferred A+ AA-
Sustainability Ratings Imug ISS-ESG
Mortgage Pfandbriefe Positive
Public Sector Pfandbriefe Very positive
Unsecured Bonds Positive
1Joint rating of the Cooperative Financial Network
Page 25 DZ HYP - Investor PresentationLong-term funding – as of 30 Jun 20201
Covered funding Unsecured funding
Portfolio analysis (€ mn) as at 30 Jun 2020 Portfolio analysis (€ mn) as at 30 Jun 2020
Benchmark
Issues² 500
Bearer bonds 1,802
3,669 Registered
bonds 7,573
3,273
Registered
bonds
Bearer bonds
9,727
Total volume 4,292 Total volume
45,886 23,971
18,896
Bearer bonds
Benchmark
issues² Mortgage Pfandbriefe Registered bonds
20,125
Public-Sector Pfandbriefe Promissory note loans (SSD)
1Nominal value; 2Syndicated emissionens incl. Sub-Benchmarks and increases
Page 26 DZ HYP - Investor PresentationLong-term funding – funding activities in the first half of 20201
Covered funding Unsecured funding
Portfolio analysis (€ mn) as at 30 Jun 2020 Portfolio analysis (€ mn) as at 30 Jun 2020
Registered Bearer
bonds 47 bonds
Bearer 310
bonds 310
250
Total volume Total volume
5
2,357² 1,269
954
Benchmark
issues
Bearer bonds
1,750
Mortgage Pfandbriefe Registered bonds
Public-Sector Pfandbriefe Promissory note loans (SSD)
1Nominal value
²Excluding 1.51 bn Euro in short-term issues for the purpose of participanting in Deutsche Bundesbank´s long term refinancing operations
Page 27 DZ HYP - Investor PresentationDZ HYP secondary market curve – Mortgage Pfandbrief issues
Market spreads1 for outstanding benchmark issues
As at 20 August 2020
Category:
10 Best German Pfandbrief 2019
6
Spreads in bps
2
Volume: €500 mn
-2 Volume: €750 mn
Volume: >=€875 mn
-6
0 2 4 6 8 10 12 14
Term (years)
1Reference: mid-swaps against 6-month-EURIBOR; Source: Bloomberg
Page 28 DZ HYP - Investor PresentationComposition of domestic mortgage cover pool1,2
– ordinary cover assets
By type of property use By domestic/international property
Volume (€ mn) as at 30 June 2020 Volume (€ mn) as at 30 June 2020
1,135
15,221
Total volume: Total volume:
36,163 36,163
20,942 Commercial Domestic
Housing Foreign
35,028
1Evaluations pursuant to section 28 of the PfandBG; 2In addition to the ordinary cover pool further cover assets pursuant to §19 (1) Nr. 3 PfandBG amounting to €0.8bn are part of the mortgage cover pool. The issuer of these
cover assets is a German development bank with a state guarantee
Page 29 DZ HYP - Investor PresentationComposition of domestic mortgage cover pool1,2
– ordinary cover assets
By federal states By type of property use
Volume (€ mn) as at 30 June 2020 Volume (€ mn) as at 30 June 2020
10,000 14,000
12,556
Total volume: 35,028
12,000
8,000
10,000
6,000 8,000
6,340
6,000 5,457
4,000 4,437
3,895
4,000
2,000 1,691
2,000
493
142 18
0,000
0,000 Multi family housing One and two-family homes Office property
NRW B BY NI H B-W SH HH SA BB R-P M-V SA-A TH HB SAAR
Retail property Other commercial property Apartments
residential commercial Unfinished new buildings Industrial property Building plots
1Evaluations pursuant to section 28 of the PfandBG; 2In addition to the ordinary cover pool further cover assets pursuant to §19 (1) Nr. 3 PfandBG amounting to €0.8bn are part of the mortgage cover pool. The issuer of these
cover assets is a German development bank with a state guarantee
Page 30 DZ HYP - Investor PresentationComposition of foreign mortgage cover pool1,2
– ordinary cover assets
By type of property use
Volume (€ mn) as at 30 June 2020
700
583.5
Total volume: 1,135
600
Other commercial property
500
Retail property
400
Office property
300
229.7 218.0
One- and two-family homes
200
Apartments
100 50.3 41.3
7.6 4.3
0
Netherlands France United Kingdom Poland Hungary Sweden Austria
1Evaluations pursuant to section 28 of the PfandBG; 2In addition to the ordinary cover pool further cover assets pursuant to §19 (1) Nr. 3 PfandBG amounting to €0,8bn are part of the mortgage cover pool. The issuer of these
cover assets is a German development bank with a state guarantee
Page 31 DZ HYP - Investor PresentationFurther key financial indicators of the mortgage cover pool1,2
Loan to Value Ratio (LTV) Seasoning3
(€ mn) as at 30 June 2020 (€ mn) as at 30 June 2020
Total volume: 36,163
27,036
8,299
> 60 Month
3,858
5,704
> 36 - 24 - 12 -Further key financial indicators of the mortgage cover pool
Maturity profile1,2 Other financial indicators3
(€ bn) as at 30 June 2020 As at 30 June 2020
40 6
Indicator Value
35
5 Total cover pool (€ mn) 36,964
30
Pfandbriefe total volume outstanding (€ mn) 31,919
4
25
Overcollateralization (OC) (%) 15.8
20 3
Share of fixed-rate cover assets (%) 88.7
15
2
Share of fixed-rate Pfandbriefe (%) 98.2
10 Weighted average LTV (%) 54.2
1
5 NPL (%) 0.0
0 0 Weighted average Seasoning (Years) 4.6
J-20 D-21 D-23 D-25 D-27 D-29 D-31 D-33 D-35 D-37 D-39 D-41 D-43 D-45 D-47 D-49
Assets Liabilities Overcollateralization (OC)
1Nominal value; 2Maturity profile shown for a period of 30 years; 3Evaluations pursuant to section 28 of the PfandBG
Page 33 DZ HYP - Investor PresentationComposition of the public-sector cover pool1,2
Domestic: by client group International: by country and borrower group
Volume (€ mn) as at 30 June 2020 Volume (€ mn) as at 30 June 2020
1200
427
584 Foreign total: 3,082
1000
1,751
800
600
400
Domestic total:
12,604
Local authorities 200
Regional authorities
0
Other
9,842
Sovereigns
Sovereigns Regional authorities Local authorities Others
1Evaluations pursuant to section 28 of the PfandBG; 2In addition to the ordinary cover pool further cover assets pursuant to §20 (2) Nr. 1 a. Nr. 2 PfandBG amounting to €0.07bn are part of the public cover pool.
Page 34 DZ HYP - Investor PresentationFurther key financial indicators of the public-sector cover pool
Maturity profile1,2 Other financial indicators3
(€ bn) as at 30 June 2020 As at 30 June 2020
16 3
Indicator Value
14
Total cover assets (€ mn) 15,686
12
Pfandbrief total volume outstanding (€ mn) 13,730
2
10
Overcollateralization (OC) (%) 14.2
8
Share of fixed-rate cover assets (%) 96.1
6
1 Share of fixed-rate Pfandbriefe (%) 95.6
4
2
0 0
J-20 D-21 D-23 D-25 D-27 D-29 D-31 D-33 D-35 D-37 D-39 D-41 D-43 D-45 D-47 D-49
Assets Liabilities Overcollateralization (OC)
1Nominal value; 2Maturity profile shown for a period of 30 years; 3Evaluations pursuant to section 28 of the PfandBG
Page 35 DZ HYP - Investor Presentation4. Sustainability Page 36 DZ HYP - Investor Presentation
DZ HYP Sustainability Ratings
ISS-ESG rating imug rating
» Sector-specific rating » Rating of covered issued
based on sustainability regarding sustainability of
DG HYP C+ regarding
DG HYP
the cover pool1
environmental, social
and governance » Sustainability Rating
commitment based on indicators for
WL BANK C WL BANK embedding social
» Prime as an award for responsibility in business
leading companies in processes2 and their risk
the relevant sector management
» DZ HYP continues the
predecessor banks'
DZ HYP C track record of Prime DZ HYP
ratings
D- D D+ C- C C+ B- B B+ A- A A+ D DD DDD C CC CCC B BB BBB A AA AAA
Rating Rating
poor medium good excellent negative neutral positive very positive
1Sustainability
Rating of governments in the public-sector cover pool, social and environmental aspects, lending business for the mortgage cover pool; 2 Indicators include, e.g., promoting health and safety at the workplace,
improving energy efficiency in company buildings, fighting corruption and money laundering, as well as considering ecological and social factors in the supply chain; Sources: ISS-oekom, imug
Page 37 DZ HYP - Investor PresentationSustainability strategy as an important management instrument for
sustainable development
Topics Sustainability Strategy
» DZ HYP has been playing an active role in the DZ BANK Group´s
Sustainable corporate governance and strategy sustainability market initiative since 2012
» Based on the National Sustainable Development Strategy of the
Sustainable Federal Government and the Sustainable Development Goals of
Employees
banking the United Nations
» Integral part of the business strategy and instrument for the
Stakeholder Sustainability Stakeholder strategic implementation of DZ HYP's sustainable development
dialogue at DZ HYP dialogue
» Equal weighting of all sustainability dimensions
Commitment Ecological
» Strengthens the understanding of sustainabilityon the management
to society responsibility and employee levels
» Exploits opportunities and assesses risks – pre-emptive long-term
Continuous improvement of our sustainability performance orientation
Environment (economic, social, ecological, political, technical)
Page 38 DZ HYP - Investor Presentation5. Appendix Page 39 DZ HYP - Investor Presentation
DZ HYP's capital markets portfolio1
By domestic debtors By foreign sovereigns and debtors
Volume (€ mn) as at 30 Jun 2020 Volume (€ mn) as at 30 Jun 2020
1,800
65
1,500
Foreign total volume: 5,681
1,228
1,200
0,900
Domestic total volume: 0,600
5,829
0,300
Sovereign states
0,000
Sub-sovereign entities
Austria
France
Portugal
Belgium
Italy
Spain
Canada
US
Netherlands
Supranationals
Switzerland
Luxembourg
Banks
4,535
» Securities: 4,152 » Securities: 4,580
» Promissory note loans (SSD): 1,676 » Promissory note loans (SSD): 1,101
1Volume: nominal values, promotional and development banks with government funding guarantees, categorised as "governments“; 2Including Luxembourgh
Page 40 DZ HYP - Investor PresentationDZ HYP's capital markets portfolio1
By rating
Volume (€ mn) as at 30 Jun 2020
5,00
4,50
4,00
3,50
3,00
2,50
2,00
1,50
1,00
0,50
0,00
AAA AA+ AA AA- A+ A A- BBB+ BBB BBB- BB+ BB BB- B+ B B- CCC+ CCC CCC- CC C D no rating
» Securities: 8,732
» Promissory note loans (SSD): 2,778
1Volume: nominal values
Page 41 DZ HYP - Investor PresentationDZ HYP's operating segments: foreign markets1
Commercial real estate Retail
As at 30 June 2020 As at 30 June 2020
Indicator Value Indicator Value
Foreign market volume (€ mn) 1,785.1 Foreign market volume (€ mn) 1,76
Share of segment (%) 5.52 Share of segment (%) 0.01
Share of all segments (%) 2.68 Share of all segments (%) 0.003
Other
10.6% Other
1.8%
Netherlands Netherlands
UK 48.9% UK 10.6%
18.7% 0.0%
Austria Austria
0.3% 0.2%
France France
21.5% > 60% 87.4% > 60%
> 40% 40% 20% 20%The three pillars of the German banking industry Regional focus Market share (GER)1
Cooperative protection scheme of BVR
The ’Dual System’ of institution protection
BVR-ISG BVR-SE
BVR-Institutssicherung GmbH as BVR-Sicherungseinrichtung as institution protection
direct deposit protection and indirect deposit protection
Fulfilment of the legal requirements (EU guideline
’DGSD’1 and German law on deposit insurance) by Additional voluntary protection system since 1934
founding of BVR-ISG in 2015
BVR-ISG is an officially recognised deposit protection BVR-SE is the oldest, privately financed bank
system as Institutional Protection Scheme protection scheme worldwide
Institution protection: Measures for the avoidance of
Safeguarding of depositor compensation by protection of threatening or impending economic difficulties faced by
customer deposits of up to € 100,000 per person per member institutions (preventive avoidance of
institution bankruptcy)
Deposit protection (BVR-SE and BVR-ISG)
Comprehensive protection for customer deposits held by non-banks, including bearer bonds and certificates issued by the
cooperative banks (indirectly via BVR-SE). Direct deposit protection via BVR-ISG up to EUR 100,000 per person per institute.
1 Deposit Guarantee Schemes Directive; Quelle: DZ BANK
Seite 44 DZ HYP InvestorenpräsentationCooperative protection scheme of BVR
Key figures and function
Responsible body is the national association
(Bundesverband der Deutschen Volksbanken und
Raiffeisenbanken e.V. – BVR)
Monitoring by Federal Financial Supervisory
Authority (BaFin)
Comprehensive institution protection for all
members, no bankruptcy among members since
1934
Members: 841 Cooperative banks, DZ BANK AG, DZ
HYP, DZ PRIVATBANK, Schwäbisch Hall, TeamBank,
DVB Bank, Münchener Hypothekenbank
Quelle: DZ BANK
Seite 45 DZ HYP InvestorenpräsentationContacts Patrick Ernst Nicole John Head of Treasury Head of Strategic Funding & Investor Relations Phone: +49 (0)40 3334-2600 Phone: +49 (0)40 3334-2779 E-mail: patrick.ernst@dzhyp.de E-mail: nicole.john@dzhyp.de Page 46 DZ HYP - Investor Presentation
Disclaimer
This document has been prepared by DZ HYP, exclusively for informational purposes. The investments and investment services referred to are not available to private
customers, nor for persons who are subject to US securities laws, and should not be distributed in the US or to any US person nor in any jurisdiction in which its
distribution would be prohibited.
This document does not constitute a public offer or the solicitation of an offer to buy any securities or financial instruments. It is not a substitute for investors' own,
independent examination opportunities and risks inherent in the product described, taking investors' investment objectives into account. Under no circumstances
should this document be taken as a basis for any investment decision with regard to any securities or other financial instruments; such decision should be based on a
prospectus or information memorandum. In particular, DZ HYP does not act in the capacity of an investment advisor, or in fulfilment of fiduciary duties. This document
does not constitute financial analysis.
Data, facts or information provided in this document do not purport to be complete, accurate, or appropriate; they were taken from Sources the author considered to be
reliable, without however verifying such information. Information and statements contained herein are as at the date of this document. They can change at any time or
may become obsolete as a result of future developments. DZ HYP is under no obligation to correct or update such information or statements, or to provide information
about this. Accordingly, no representation or warranty as to the accuracy or completeness of the information or expressions of opinion contained herein is made by DZ
HYP. DZ HYP shall not be liable for direct or indirect losses caused by the distribution and/or use of this document, or any losses in connection with the distribution
and/or use of this document.
This document includes expectations and forecasts that relate to the future. These forward-looking statements, in particular those regarding DZ HYP´s business and
earnings developments, are based on forecasts and assumptions, and are subject to risks and uncertainty. As a result, the actual results may differ materially from
those currently forecast.
The information in this document is proprietary to DZ HYP; neither this document nor any of its contents may be disclosed to or referred to any third party, or used for
any other purpose, without DZ HYP's prior written consent.
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