Investor Presentaiton
Asset Management
In € m, unless stated otherwise
Financial results
Revenue and AuM performance
Revenues
Q3 2023
A vs.
Q3 2022 Q2 2023
A vs.
Statement of income
Revenues
594
(10)%
(4)%
Revenues ex-specific items¹
594
(10)%
(4)%
Provision for credit losses
(0)
n.m.
n.m.
Noninterest expenses
444
(8)%
(6)%
Adjusted costs
436
(8)%
(2)%
Pre-provision profit
150 (15)%
3%
109
(18)%
5%
Perf. &
trans. Mgmt.
Other fees fees
Ny
AM
(13)
19
A vs. Q3
2022
589
(6)%
Key highlights
(50)%
n.m.
> Assets under management remained stable
supported by net inflows and positive FX
effects
>
594
(10)%
Positive net inflows in the quarter driven by
continued momentum in Passive
Profit (loss) before tax
>
Revenues affected by lower performance
Balance sheet and resources
Assets under management, in € bn²
860
3%
0%
AuM, in €bn²
Net flows, in € bn
fees, mark to market of co-investments and
FX impact
Net flows, in € bn
2
n.m.
n.m.
859
860
2.3
>
76
78
Leverage exposure, in € bn
9
(1)%
2%
115
114
Lower adjusted costs driven by carried
interest and effective cost reduction across
other expense lines
Risk-weighted assets, in € bn
15
16%
7%
6.2
225
229
Performance measures and ratios
0.6.
Management fee margin, in bps
Cost/income ratio
27.1 (1.9)bps (0.3)bps
(1.3)
444
438
74.7%
ROTE3
1.4ppt (1.8)ppt
12.6% (2.8) ppt 0.1ppt
(3.3)
Q2 2023
Q3 2023
Q3 2023
Cash
Alternatives
Passive
Active ex-Cash
Notes: for footnotes refer to slides 44 and 45
Deutsche Bank
Investor Relations
Q3 2023 results
October 25, 2023
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