Deutsche Bank | Investment Banking Pitch Book | 31 slides

Deutsche Bank · 2018-01
arc beats above · slides in the middle · loops below · scroll → 3 LOOPS
SETUP TENSION ANALYSIS EVIDENCE RESOLUTION APPENDIX
HOVER FOR DETAILS · CLICK A SLIDE FOR FULLSCREEN · STEP 2
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Slide inventory

31
every slide · same image gating as the playbook
01
Slide 1
front_matter
Open slide detailBeat · Situation & Context
02
front_matter
Open slide detailBeat · Situation & Context
03
Slide outlines the evolution of financial models based on management updates and market conditions.summarize
Open slide detailBeat · Situation & Context
04
The slide outlines specific adjustments to financial assumptions (growth rates, dividends, share repurchases, investment yields) to reflect a more conservative summarize
Open slide detailBeat · Situation & Context
05
transition
Open slide detailBeat · Situation & Context
06
The slide uses bar charts to compare financial metrics across different entities, highlighting 'Pine' scenarios in different colors.compare_peers
Open slide detailBeat · Problem & ComplicationLoop · Pattern Hunter
07
Includes research medians as benchmarks for each ratio category.compare_peers
Open slide detailBeat · Problem & ComplicationLoop · Pattern Hunter
08
The slide uses bar charts to compare financial performance metrics against a research median benchmark.compare_peers
Open slide detailBeat · Problem & ComplicationLoop · Pattern Hunter
09
Includes tax rates and diluted share counts for each entity.compare_peers
Open slide detailBeat · Problem & ComplicationLoop · Pattern Hunter
10
transition
Open slide detailBeat · Problem & ComplicationLoop · Pattern Hunter
11
Includes peer median lines for both periods.compare_peers
Open slide detailBeat · Problem & ComplicationLoop · Pattern Hunter
12
Includes 'Pine-Case 1' and 'Pine-Case 2' as specific data points within the peer set.compare_peers
Open slide detailBeat · Problem & ComplicationLoop · Pattern Hunter
13
The slide uses bar charts to compare loss ratios for 14 entities, with AIZ shown as an outlier.compare_peers
Open slide detailBeat · Problem & ComplicationLoop · Pattern Hunter
14
The slide uses two bar charts to compare expense ratios for 2018 and 2019. Pine-Case entities are highlighted in green.compare_peers
Open slide detailBeat · Problem & ComplicationLoop · Pattern Hunter
15
The slide uses bar charts to compare ROE performance against a peer median line for two consecutive years.compare_peers
Open slide detailBeat · Evidence & ProofLoop · Cost Of Inaction
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The slide uses bar charts to compare growth rates against a peer median line.compare_peers
Open slide detailBeat · Evidence & ProofLoop · Cost Of Inaction
17
Includes peer median lines for both periods.compare_peers
Open slide detailBeat · Evidence & ProofLoop · Cost Of Inaction
18
transition
Open slide detailBeat · Evidence & ProofLoop · Cost Of Inaction
19
The chart illustrates the variance components (Gross written premium, Loss ratio, etc.) contributing to the change in operating income.quantify_impact
Open slide detailBeat · Evidence & ProofLoop · Cost Of Inaction
20
The chart uses a waterfall structure to explain the variance in operating income across different projection scenarios.quantify_impact
Open slide detailBeat · Evidence & ProofLoop · Cost Of Inaction
21
The chart illustrates the impact of various financial drivers (Gross written premium, Loss ratio, Expense ratio, Service and fee income, Investment income, Othequantify_impact
Open slide detailBeat · Evidence & ProofLoop · Cost Of Inaction
22
The chart illustrates the transition from 2018E operating income to 2019E operating income using a waterfall bridge format.quantify_impact
Open slide detailBeat · Evidence & ProofLoop · Cost Of Inaction
23
The slide uses a grouped bar chart format to compare three different projection scenarios for insurance underwriting metrics.compare_options
Open slide detailBeat · Solution & ApproachLoop · So What Cascade
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The slide uses a grouped bar chart format to compare three different projection vintages (Dec 2017, Jan 24 2018, Jan 31 2018) for each financial metric.analyze_data
Open slide detailBeat · Solution & ApproachLoop · So What Cascade
25
The slide displays grouped bar charts for four financial metrics, comparing three different projection sets over time (4Q'17E to 2022E).analyze_data
Open slide detailBeat · Solution & ApproachLoop · So What Cascade
26
The slide compares three different projection sets (Dec 2017, Jan 24 2018, Jan 31 2018) across four financial metrics.analyze_data
Open slide detailBeat · Solution & ApproachLoop · So What Cascade
27
The slide displays multiple bar charts comparing three sets of projections for key financial metrics. ROE/ROTE percentages are shown in circles above the BVPS/Tanalyze_data
Open slide detailBeat · Solution & ApproachLoop · So What Cascade
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appendix
Open slide detailBeat · Impact & Next Steps
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The table includes a 'Research' section with multiple firms and a 'Management' section with two projection dates, plus a delta column.compare_peers
Open slide detailBeat · Impact & Next Steps
30
Includes a comparison of research firm estimates against management's internal projections for 2018.compare_peers
Open slide detailBeat · Impact & Next Steps
31
front_matter
Open slide detailBeat · Impact & Next Steps