{
  "docId": "019dd923-5e88-73ef-bd5c-78c13254e243",
  "docSlug": "451f3f1c41730bba",
  "documentTitle": "DB June2018 v8 cb enn ligne",
  "authorId": "DeutscheBank",
  "authorName": "Deutsche Bank",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "portrait",
  "aspectRatio": 0.778,
  "pageNumber": 73,
  "pageCount": 172,
  "prevPage": 72,
  "nextPage": 74,
  "slideType": "appendix_disclosure",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 0,
  "notes": "Contains specific formulas and caps for bonus and LTPA components.",
  "elementsJson": [
    "paragraph",
    "other"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5c-78c13254e243/73",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5c-78c13254e243",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5c-78c13254e243.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5c-78c13254e243#slide-73",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "The calculated total bonus was capped at 1.5 times the total target figure.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-163c-76ae-8c34-c315744dcd31",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.5,
        "x": 0.08,
        "y": 0.627
      },
      "kind": "list",
      "text": "Banco Santander and BNP Paribas (both from the eurozone);\nBarclays and Credit Suisse (both from Europe outside the eurozone); and\nJPMorgan Chase and Goldman Sachs (both from the U.S.).",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2d323693-fc36-4d48-a182-25be7965fe15",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.64,
        "x": 0.13,
        "y": 0.358
      },
      "kind": "other",
      "text": "Total Bonus = Bonus component 1 (Target figure 1 x factor 1) + Bonus component 2 (Target figure 2 x factor 2)",
      "attrs": null,
      "subkind": "unclassified",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "334ad143-6d61-4dd6-8e86-732db5b92103",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.74,
        "x": 0.08,
        "y": 0.542
      },
      "kind": "paragraph",
      "text": "The level of the LTPA was tied to the total shareholder return of Deutsche Bank in relation to the average total shareholder returns of a select group of six comparable leading banks (calculated in Euro). The result thereof was the Relative Total Shareholder Return (RTSR). The LTPA was calculated from the average of the annual RTSR for the last three financial years (reporting year and the two preceding years). The comparable leading banks were:",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "09de642c-08df-47cd-8090-0786909157f6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.74,
        "x": 0.08,
        "y": 0.679
      },
      "kind": "paragraph",
      "text": "The LTPA had an upper limit (cap) of 125 % of the target figure. If a defined figure was not reached, no LTPA was granted.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1999bc37-3e88-4684-aaed-747075df5675",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.74,
        "x": 0.08,
        "y": 0.118
      },
      "kind": "paragraph",
      "text": "As compensation components are deferred or spread out over several years, another link to the performance of the Deutsche Bank share is established that should generally continue to exist even for the period after leaving the Management Board.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1f5bba81-f646-4043-8783-9d396be60c9f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.09,
        "w": 0.74,
        "x": 0.08,
        "y": 0.242
      },
      "kind": "paragraph",
      "text": "The total bonus was determined on the basis of two components. Their levels were based on a pre-defined target figure, which was multiplied with an annually calculated factor and depended on the development of the return on equity. The first component of the bonus was determined on the basis of the actually achieved return on equity of a given year as a ratio of the plan figure defined for that year. The second component of the bonus was determined on the basis of the actually achieved return on equity. The two components were each assessed over a two-year period: the year for which the bonus was determined and the preceding year. The calculated total bonus was determined as follows:",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "698615f0-952f-49ea-a029-b487caa50eaf",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.74,
        "x": 0.08,
        "y": 0.188
      },
      "kind": "paragraph",
      "text": "The compensation structure valid until December 31, 2012 consisted of both, non-performance-related and performance-related components. The non-performance-related components comprised the base salary and other benefits. The performance-related compensation consisted of two components, a bonus and a LTPA.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6db5ce38-e00b-46a0-bb15-eced744dd7d6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.11,
        "w": 0.74,
        "x": 0.08,
        "y": 0.419
      },
      "kind": "paragraph",
      "text": "The calculated total bonus was capped at 1.5 times the total target figure. If minimum levels defined for each bonus component were not reached, the respective bonus component or the total bonus was not paid. The Supervisory Board carried out an additional assessment that could result in an increase or reduction of the calculated total bonus amount. The discretion allowed the Supervisory Board to sanction an increase or reduction of up to 50 % of the calculated total bonus amount for an ordinary Management Board member and in an increase of up to 150 % or reduction of up to 100 % for the Management Board Co-Chairmen. Accordingly, the total bonus could amount to a maximum of 2.25 times the total target figure for an ordinary Management Board member and of 3.75 times the Management Board Co-Chairmen.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f5300506-db03-47d5-9c38-96b4fe0cd52a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.01,
        "w": 0.33,
        "x": 0.08,
        "y": 0.172
      },
      "kind": "title",
      "text": "Compensation Structure until December 2012",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2f5fce1b-9cc9-40ab-ab1b-f661e53d5d94",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.01,
        "w": 0.34,
        "x": 0.33,
        "y": 0.044
      },
      "kind": "title",
      "text": "Objectives and Principles of the Compensation System for Management Board Members",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "78527254-3d25-4fbe-98c1-b5bf4e757e91",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Before-After-Bridge",
      "slug": "before-after-bridge",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "0779932d-335a-43d4-835f-11a7321959af",
      "evidence": "The compensation structure valid until December 31, 2012 consisted of both, non-performance-related and performance-related components.",
      "confidence": 0.6
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 172,
      "from": 21,
      "beatId": "9456161e-545d-4636-b9df-03f422ad6259",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Action",
      "beatSlug": "monroes-sequence-action",
      "evidence": "The document concludes with various appendices, including risk management, capital adequacy, and compensation reports.",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}