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COMPETENT.

DVB Bank Group –

Investor Presentation

Frankfurt/Main, October 2017

Disclaimer

This presentation has been prepared by DVB Bank Group.

This presentation does not contain or constitute an offer, or the solicitation of an offer, to buy or subscribe for securities to any person.

This document is not a prospectus.

The presentation is a short summary description of certain aspects in respect of DVB Bank Group. It may not contain all relevant

information in respect of the topics covered. This presentation is therefore not a sufficient basis for any investment decision in respect

of any securities of DVB Bank Group.

This presentation contains forward-looking statements which include statements about our beliefs and expectations as well as the

assumptions underlying them. Such statements speak only as of the day they are made since they are based on plans, estimates and

projections currently available to the management of DVB Bank Group. Forward-looking statements contain risks and uncertainties,

and it cannot be guaranteed that they will turn out to be correct in light of future events or developments.

Information and opinions contained in this presentation have been compiled or arrived from sources believed by DVB Bank Group to

be reliable. Any statements about DVB Bank Group’s market position are based on DVB Bank Group’s own estimates, unless

explicitly stated otherwise herein. Although the information shown herein has been taken from sources which are believed to be

reliable or is based on DVB Bank Group’s own estimates, no warranty or representation is made as to the correctness, completeness

and accuracy of the information or the assessments made on its basis.

DVB Bank Group accepts no responsibility or liability whatsoever for any expense, loss or damages arising out of, or in any way

connected with, the use of all or any part of this presentation.

Investor Presentation __ October 2017 __ Disclaimer Page 2

Contents

03/ DVB – Lending volume and portfolio data27 Lending volume

28 Shipping Finance

29 Aviation Finance

30 Offshore Finance

31 Land Transport Finance

32 Financial Institutions and Syndications

33 DVB Corporate Finance

34 Investment Management

02/ DVB – Business model21 Competitive strengths

03/ DVB – Financials and outlook5 Financial figures

13 Own funds and refinancing

15 Rating

16 Macroeconomic environment and forecast

19 Financial calendar

04/ DVB – Further information36 Shareholder base

37 Board of Managing Directors

38 Staff

39 Imprint

40 Photo credits

Page 3

01/ DVB – Financials and outlook5 Financial figures

13 Own funds and refinancing

15 Rating

16 Macroeconomic environment and forecast

19 Financial calendar

Preliminary remarks

All statements made regarding net worth, financial position & results relate to DVB Bank Group.

All amounts are disclosed in euro and on the basis of IFRS/IAS if not stated otherwise.

Unless indicated otherwise, all financial data apply to 30 June 2017

and have been reviewed by auditors.

Page 5Investor Presentation __ October 2017 __ Financial figures

01/ Financials and outlook 02/ Business model 03/ Lending volume and portfolio data 04/ Further information

Press release as of 31 August 2017 (1)

DVB Bank Group (DVB) posts half-yearly results for 2017

/ Significant increase in allowance for credit losses

/ Volatile effects from the IAS 39 result

Frankfurt/Main, 31 August 2017 – DVB, the specialist in international transport finance, reported a consolidated net loss before taxes of €506.3 million

in the first six months of 2017 (previous year: net income of €14.1 million). The net figure was dominated by a significant increase in allowance for credit

losses, to €445.3 million (previous year: €83.4 million), reflecting market developments. Moreover, due to the continued narrowing of spreads for

euro/US dollar cross-currency swaps, the net result from financial instruments in accordance with IAS 39 fell to €–67.9 million (previous year:

€10.0 million).

Ralf Bedranowsky, CEO and Chairman of DVB Bank SE's Board of Managing Directors, commented on the Bank's consolidated results:

“The increase in allowance for credit losses was largely required for legacy exposures in the Shipping Finance portfolio, and for financings in the

Offshore Finance portfolio. These developments reflected the following market trends:

• Given persistent oil price uncertainty, oil and gas companies have continued to reduce their exploration and production spending, which has further

curtailed demand for offshore vessels and equipment. Shipowners remain under pressure from low charter rates and competition for employment.

Against this background, owners of vessels and drilling rigs adjusted their capacities, through lay-ups, restructuring or consolidation.

To be continued on next slide




• Excess capacity remained a major challenge on shipping markets throughout the first half of 2017. Container carriers, bulk carriers and tankers are the

three most important sectors for the maritime industry, in terms of transport volumes and services.

Especially in container shipping, persistently difficult market conditions have burdened performance amongst shipowners. In this context, increasing

consolidation of shipping lines is set to intensify competition amongst shipowners chartering their vessels to line operators. Even though charter rates in

container shipping showed some improvement during the first half of 2017, whether this trend will in fact be sustainable is open to question, for two

reasons. On the one hand, consolidation among shipping lines is accelerating, and on the other hand, charter rates are further burdened, given the

continued delivery of a large number of 20,000 TEU container ships. Consequently, market values of container vessels have not been able to recover so

far. Looking ahead, the cascading effect caused by substantial deliveries of large container carriers will mostly have a negative effect upon the

development of charter rates and market values in the other size categories.

Bulk carriers enjoyed a strong increase in earnings during the first half of 2017. The Baltic Dry Index (BDI) was quoted at an average of 976 points

during the first six months of the year – up 101% year-on year. Freight rates were supported by continued Chinese demand for iron ore and coal. The

BDI reached its year-to-date high in April, albeit staying far away from the historical peak of more than 10,000 points in 2007/2008. A multi-year

comparison shows that charter rates for bulk carriers have remained insufficient, given that a large number of vessels was bought and financed at record

prices.

Following an improvement during the first quarter of 2017, which was driven by seasonal factors, tanker markets declined again during the second

quarter, putting pressure on shipowners' earnings. The extension of OPEC members' agreement to reduce production volumes had a negative impact on

tonne-mile demand in the crude oil tanker segment. Yet at the same time, the crude oil tanker fleet grew by 5.5% year-on-year. The significant volume of

new tonnage on order – which rose further year-to-date – created an additional burden.

Page 7


Investor Presentation __ October 2017 __ Financial figures



• Excess capacity was accompanied by escalating liquidity shortages faced by shipowners. These described challenging market conditions triggered

numerous new restructuring measures, thus influencing the performance amongst many market participants.

As mentioned above, the net result from financial instruments in accordance with IAS 39 amounted to €–67.9 million (previous year: €10.0 million); this was

largely driven by the measurement of cross-currency swaps, which the Bank is not allowed to include in its hedge accounting. Based on prudent economic

risk management, these derivatives form hedging relationships with the related hedged items, whereby measurement gains and losses reported on a

particular record date are neutralised over the entire term of the financings extended.

At the beginning of August 2017, DVB received a €500 million contribution to income from our parent company, DZ BANK AG, Deutsche Zentral-

Genossenschaftsbank, Frankfurt am Main. DVB was unable to recognise this contribution in income as at 30 June 2017, but will recognise it in income

during the third quarter of 2017. The contribution will stabilise both the common equity tier 1 ratio (which stood at 8.9% as at 30 June 2017) as well as the

deteriorating key financial indicators, return on equity, cost/income ratio, and Economic Value Added.“

[…]

DVB's outlook reads as follows:

DVB plans to sustain the positive business development in Aviation Finance as well as in Land Transport Finance, and strengthen the earnings power of

these businesses.

Due to the persistent crisis in the shipping and offshore sectors, DVB expects risk costs in its Shipping Finance and Offshore Finance portfolios to remain

high throughout the financial year 2017. Accordingly, risk management in these two divisions will continue to command particular attention, as well as

proactive restructuring measures.

Page 8





The Bank thus expects consolidated return on equity for 2017 (before taxes and before IAS 39) to significantly fall short of the forecast; it is also unlikely to

match the forecasts for the other key financial indicators, cost/income ratio and Economic Value Added..

DVB strives to preserve sound core operational earnings before risk costs and before IAS 39. This means that, in addition to the lending business, the Bank

will focus on value-added services for clients in its Transport Finance business – such as capital markets products and advisory services.

The Bank will keep supporting their shipping clients in a market environment characterised by less liquidity supply, on a selective basis – yet with markedly

lower volumes of new business.

Structural changes with differing characteristics can be observed in the sub-markets of the global transport sector. Whilst aviation and land transport

markets are predominantly shaped by high excess liquidity together with strong margin and competitive pressures, the shipping and offshore industries have

yet to see the end of the ongoing consolidation phase.

DVB will continue to analyse the business environment in the markets they cover, in great detail – to focus on business opportunities which allow DVB to

return to adequate profitability, and to sustainably stabilise for the future.



At a glance – Income statement

1 National Association of German Cooperative Banks

01.01.2017−

30.06.2017

01.01.2016−

30.06.2016

Net interest income 108.1 124.5 -13.2

Allowance for credit losses -445.3 -83.4 –

Net interest income after allowance for credit losses -337.2 41.1 –

Net fee and commission income 51.8 56.5 -8.3

Results from investments in companies accounted for using the equity method -7.2 4.1 –

Net other operating income/expenses -42.6 4.8 –

Total income (before IAS 39) -335.2 106.5 –

General administrative expenses -90.4 -91.3 -1.0

Consolidated net income/loss before IAS 39, bank levy,

BVR1 Deposit Guarantee Scheme and taxes -425.6 15.2 –

Net result from financial instruments in accordance with IAS 39 -67.9 10.0 –

Consolidated net income/loss before bank levy,

BVR1 Deposit Guarantee Scheme and taxes -493.5 25.2 –

Consolidated net income/loss before taxes -506.3 14.1 –

Consolidated net income/loss (after taxes) -547.1 10.6 –

IFRS

Page 10

€ mn %



Consolidated net income/loss, as at 30 June

Consolidated

net income/

loss

Income

taxes

Total

income1

General

administrative

expenses

Expenses for the

bank levy and

the BVR2

Deposit

Guarantee Scheme

(financial year)

Net result from

financial

instruments in

accordance

with IAS 39

Consolidated

net income/

loss

Income

taxes

Total

income1

General

administrative

expenses

Expenses for the

bank levy and

the BVR2

Deposit

Guarantee Scheme

(financial year)

Net result from

financial

instruments in

accordance

with IAS 39

2017

€ mn

2016

€ mn

1 Composing net interest income after allowance for credit losses, net fee and commission income, result from investments in companies accounted for using the equity method and net other operating

income/expenses;

2 National Association of German Cooperative Banks

Page 11

106.5

+10.0

10.6

-91.3 -11.1 -3.5

-547.1

-90.4

-12.8

-40.8

-67.9

-335.2



Development of key ratios

Return on equity before taxes

%

Cost/income ratio

%

Economic Value Added

€ mn

30 Jun 2017 30 Jun 2016 30 Jun 2017 30 Jun 2016 30 Jun 2017 30 Jun 2016

Page 12

52.6

-47.2

-73.4

91.20.6

-496.0



Own funds (in accordance with the CRR) and capital ratios

(30 Jun 2017)

€ mn

637.4

0.0

571.2

Common equity tier 1capital

Additional tier 1capital

Tier 2 capital Modified availableequity

1,208.6

Total capital ratio: 16.8%Common equity tier 1 ratio: 8.9%

Capital ratios – Basel III

Page 13Investor Presentation __ October 2017 __ Own funds and refinancing


Diversified funding composition (30 Jun 2017: €23.5 bn)

1 Nominal volume

Diversified, granular funding base

/ More than 1,200 investors

Products1 Investors2

6.0% Short-term funding

thereof:

3.3% Short-term deposits

banks/customers

2.7% Cash collateral

10.2% Volksbanken

Raiffeisen-

banken

cooperative

financial

network

1.9% Retail

13.8% Banks

50.3% Institutional investors

23.8% DZ BANK

thereof:

49.9% Senior-unsecured bonds

37.7% Promissory notes

3.1% Subordinated liabilities

3.1% Ship covered bonds

0.2% Long-term deposits

2 Estimates

Page 14

94.0% Long-term funding

Investor Presentation __ October 2017 __ Own funds and refinancing


Rating development

Feb

2017

Oct

2016

Dec

2011

Mar

2011

Jan

2009

Dec

2006

Aug

2006

Jul

2005

Aug

2004

Aug

2001

Long-term counterparty

credit rating A+ A+ A+ A A A A- A- BBB+ BBB+

Short-term credit rating A-1 A-1 A-1 A-1 A-1 A-1 A-2 A-2 A-2 A-2

Outlook negative negative stable stable negative stable positive stable stable negative

Debt Issuance Programme:

– Subordinated A

Since 1999 DVB has been rated by Standard & Poor's (S&P) at regular intervals. Within the scope of the German Cooperative Financial Services Network's rating,

DVB has also been evaluated by Fitch Ratings since 2005.

Mar

2015

Aug

2012

Jun

2009

Jan

2009

Long-term issuer default rating AA- A+ A+ A+

Short-term issuer default rating F1+ F1+ F1+ F1

Debt Issuance Programme:

– Long-term senior unsecured

– Short-term senior unsecured

AA-

F1+

A+

F1+

Page 15Investor Presentation __ October 2017 __ Rating


Macroeconomic environment (1)

The International Monetary Fund (IMF) has kept its forecasts on the recovery of the global economy (published on 24 July 2017)

largely unchanged: it forecasts global economic growth of 3.5% in the year 2017 – slightly above the previous year's level

(projection for 2016: 3.1%), albeit with different contributions at the individual country level.

/ The US growth forecast has been revised downwards slightly. While the markdown in the 2017 forecast reflects in part the

weak growth outturn in the first quarter of the year, the major factor behind the growth revision is the assumption that fiscal

policy will be less expansionary than previously assumed, given the uncertainty about the timing and nature of US fiscal policy

changes. Market expectations of fiscal stimulus have also receded.

/ China's economic growth is expected to remain at the same level as in the previous year. Full-year growth projections have

been revised upwards, reflecting a surprisingly strong first quarter of 2017 which showed the effects of monetary policy easing

and supply-side reforms. The IMF's medium-term outlook, however, reflects an expectation that the Chinese authorities will

delay the needed fiscal adjustments to meet their target of doubling 2010 real GDP by 2020. However, this delay comes at the

cost of further large increases in debt, thus also increasing downside risk.

/ Euro area growth for the first quarter of 2017 was generally above expectations, maintaining the trend already seen in the

fourth quarter of the previous year. Growth projections have therefore been revised up, with loose fiscal policies, favourable

financing conditions, and growing momentum in domestic demand seen as key drivers.

/ Oil prices rebounded in the middle of May, when OPEC surprised the market with an extension of its production cuts through

March 2018. However, oil prices then declined until the end of July, amid continued US production growth and strong OPEC

exports to the US. Prices are expected to remain around their current levels until the end of 2018.

Page 16

Source: IMF, July 2017

Investor Presentation __ October 2017 __ Macroeconomic environment and forecast


Macroeconomic environment (2)

DVB agrees with expert opinion and expects further economic growth to remain volatile on the back of the following risk factors:

/ The difficult-to-predict developments of US regulatory and fiscal policies and the negotiations of post-Brexit arrangements may

lead to a more protracted period of political uncertainty.

/ A faster-than-expected monetary policy normalisation in the US could tighten global financial conditions and trigger reversals in

capital flows to emerging economies, as well as an appreciation of the US dollar versus the euro – with adverse repercussions

for vulnerable economies.

/ Should China diminish its recent efforts to address financial sector risks and curb excessive credit growth, this might result in

an abrupt growth slowdown, with adverse spillovers to other countries through trade flows and commodity prices.

/ Increased geopolitical tensions and growing terrorism might impact upon the global economy.

/ Further developments in commodity prices – especially with respect to crude oil prices – will continue to have a major impact

on economic growth.

Page 17

Source: IMF, Julyl 2017



Forecast 2017

Page 18

/ We plan to sustain the positive business development in Aviation Finance as well as in Land Transport Finance, and strengthen the

earnings power of these businesses.

/ We expect risk costs in our Shipping Finance and Offshore Finance portfolios to remain high throughout the financial year 2017 –

due to the persistent crisis in the shipping and offshore sectors. Accordingly, risk management in these two divisions will continue

to command particular attention, as well as proactive restructuring measures.

/ We thus expect consolidated return on equity for 2017 (before taxes and before IAS 39) to significantly fall short of the forecast; it

is also unlikely to match the forecasts for the other key financial indicators, cost/income ratio and Economic Value Added.

/ We strive to preserve our sound core operational earnings before risk costs and before IAS 39. This means that, in addition to our

lending business, we will focus on value-added services for clients in our Transport Finance business – such as capital markets

products and advisory services.

/ We will keep supporting our shipping clients in a market environment characterised by less liquidity supply, on a selective basis –

yet with markedly lower volumes of new business.

Structural changes with differing characteristics can be observed in the sub-markets of the global transport sector. Whilst aviation

and land transport markets are predominantly shaped by high excess liquidity together with strong margin and competitive

pressures, the shipping and offshore industries have yet to see the end of the ongoing consolidation phase.

/ We will continue to analyse the business environment in the markets we cover, in great detail – to focus on business opportunities

which allow us to return to adequate profitability, and to sustainably stabilise for the future.



Financial calendar

__ 2017

/ Publication of the single-entity and Group Annual Reports 2016

/ Publication of the Quarterly Statement – Three-month results 2017

(for the first three months ending 31 March 2017)

/ Annual General Meeting at the Deutsche Nationalbibliothek,

Adickesallee 1, Frankfurt/Main

/ Publication of the Half-Yearly Financial Report 2017

31 March 2017

11 May 2017

22 June 2017

31 August 2017

Page 19Investor Presentation __ October 2017 __ Financial calendar


02/ DVB – Business model21 Competitive strengths

DVB’s mission statement

At DVB, we make deals work.

This means striving to seek and develop intelligent and appropriate solutions that meet

and even exceed our clients’ needs and expectations.

We go the extra mile to constantly and thoroughly research and study our industry.

Often, this leads us to challenge conventional wisdom when offering our focused range

of financing services.

The specialist

in international transport finance

Page 21Investor Presentation __ October 2017 __ Competitive strengths


DVB’s business model (1)

Asset & Market Research

Structured Asset Lending

Private Equity Sourcing & Investments

Asset Management

Client Account

Risk Distribution & Loan Participations

Corporate Finance Solutions

Shipping

Finance

Aviation

Finance

Offshore

Finance

Land Transport

Finance



DVB’s ten competitive strengths

Business model clearly focused, distinctively specialised, diversified in many aspects, cycle-neutral and

international in scope

Business policy conservative and sustainable

Organisation transparent structures, swift information flow and prompt decision-making

Human resources highly qualified and experienced

Products & services customised and beyond the typical scope of banking

Asset & Market Research sophisticated, renowned and award-winning

Credit portfolio diversified by multiple criteria and categories

Risk management consistent and forward-thinking

Funding granular and maturity-matched

Own funds sound capital base 10Page 23Investor Presentation __ October 2017 __ Competitive strengths


Strengths

/ Clearly focused business model with a

unique specialisation, cycle-neutral

business approach, and a global

presence in all key transport markets

/ Conservative and sustainable business

policy

/ Transparent structures, with a high

degree of flexibility and fast decisions

/ Highly qualified, experienced staff

/ Customised products and services, high

level of client service, as well as close

contacts to manufacturers and leasing

companies

/ Extensive market and asset expertise

/ Credit portfolio diversified by multiple

criteria and categories

/ Advanced risk management and pricing

systems

/ Granular and matched-maturity funding

/ Sound capital base through own funds

S

/ Higher liquidity costs, compared to most

competitors

/ Direct relationship between the Bank's

business development and GDP growth

/ Relatively high sector exposure

/ Global presence requires high staff

resources

/ High staff costs due to high levels of

employee qualification in terms of

academic expertise and experience

/ No material client deposits

/ Exposure to the euro/US dollar

exchange rate, with an impact on growth

and results

W

/ Realisation of margins in line with risks

taken

/ Expansion of anti-cyclical Investment

Management activities

/ Building new client relationships

/ Numerous initiatives taken to broaden

the product portfolio and enhance cross-

selling

/ Funding available through access to the

extensive liquidity offered by the

German Cooperative Financial Services

Network

/ Expanding the advisory and other

services offered to clients, banks, and

investors

/ Boosting DVB's reputation as a reliable

partner to the international transport

industry

O

/ High level of early repayments,

negatively impacting the net interest

margin

/ Rising number of insolvencies,

especially in the shipping and offshore

markets

/ Significant decline in transport asset

values, in various market segments

/ Rising threat of recession, on a global

scale

/ Distortions on the global financial

markets

/ Indebtedness of certain industrial

nations and emerging economies

/ Rise of the US dollar against the euro

/ Further increasing regulatory

requirements

/ Development of commodity prices, in

particular oil prices

T

DVB’s SWOT analysis

Weaknesses Opportunities Threats



Instruments for sustainably dealing with credit risks

/ Forecasting future

market developments

and asset values forms

the basis of our portfolio

strategy and individual

deal decisions

/ Increased visit

frequency depending

on risk situation

Intensive

research and

close client

contact

/ e.g. specific covenants

in the Shipping Finance

contracts, like value

maintenance clauses

Close monitoring

of compliance

with all lending

agreements

/ Identification of

potentially higher risks

in case the market

environment

continues to deteriorate

by quarterly portfolio

stress tests

/ Basis: changing asset

values (specific haircuts)

and counterparties’

creditworthiness

(increase of probability

of default)

Early

Warning

List

/ Early detection of

increased risks of

potential problem

exposures

Closely

Monitored

List

/ Close monitoring of

transactions that have to

be restructured and/or of

transactions with a

potential or already

existing need to

recognise allowance for

credit losses

Watch

List

/ In general, transactions

are placed on the LLP

List if risks have

materialised, and the

deal has been classified

as defaulted.

Loan Loss

Provision

List







03/ DVB – Lending volume and portfolio data27 Lending volume

28 Shipping Finance

29 Aviation Finance

30 Offshore Finance





Customer lending volume

US$ bn 30 Jun 2017 31 Dec 2016 %

Shipping Finance 12.5 12.6 -0.8

Aviation Finance 8.2 9.1 -9.9

Offshore Finance 2.4 2.5 -4.0

Land Transport Finance 1.7 1.7 –

Investment Management 0.6 0.6 –

ITF Suisse 0.2 0.6 -66.7

Business no longer in line

with DVB’s strategy 0.1 0.2 -50.0

Total 25.7 27.3 -5.9

€ bn 30 Jun 2017 31 Dec 2016 %

Shipping Finance 11.0 11.9 -7.6

Aviation Finance 7.2 8.7 -17.2

Offshore Finance 2.1 2.4 -12.5

Land Transport Finance 1.5 1.6 -6.3

Investment Management 0.5 0.6 -16.7

ITF Suisse 0.1 0.6 -83.3

Business no longer in line

with DVB’s strategy 0.1 0.1 –

Total 22.5 25.9 -13.1

by business division

by region

Page 27

48.9% Shipping Finance

0.5% ITF Suisse

2.2% Investment Management

6.6% Land Transport Finance

9.3% Offshore Finance

32.0% Aviation Finance

48.9% Europe

0.5% Australia & New Zeeland

2.2% South America

4.0% Offshore

4.9% Middle East & Africa

16.4% Asia

23.1% North Amerika

0.5% Business no longer in

line with DVB‘s strategy

Investor Presentation __ October 2017 __ Lending volume


Shipping Finance portfolio (30 Jun 2017: €11.0 bn)

Total lending volume by vessel type Total lending volume by country risk

Page 28

1.3% Ferries, passenger vessels

48.1% Tankers

thereof:

14.4% Crude oil tankers

11.6% Gas tankers

11.3% Product tankers

10.8% Chemical tankers

55.2% Europe

3.6% Offshore


15.2% Asia

21.2% North America25.7% Bulk carriers

0.9% South &

Central America

1.3% Others

1.7% Cruise ships

2.7% Container boxes

3.1% Car carrier

16.1% Container carriers

Investor Presentation __ October 2017 __ Shipping Finance


Aviation Finance portfolio (30 Jun 2017: €7.2 bn)

Total lending volume by aircraft type Total lending volume by country risk

4.4% Regional jets

thereof:

4.2% Embraer

0.2% Bombardier

5.0% Freighters

thereof:

4.5% Boeing

0.5% Airbus

2.0% Turboprops

thereof:

1.8% ATR

0.2% Bombardier

51.1% Narrowbody pax

thereof:

25.4% Boeing

25.7% Airbus

35.3% Europe

2.2% South & Central America

4.5% Offshore


23.8% Asia & Australia

37.5% Widebody pax

thereof:

23.1% Boeing

14.4% Airbus

24.6% North America

Page 29Investor Presentation __ October 2017 __ Aviation Finance


Offshore Finance portfolio (30 Jun 2017: €2.1 bn)

Total lending volume by asset type Total lending volume by country risk

22.6% Drilling

thereof:

17.7% Rigs

4.9% Drillships

8.5% Floating Production –

F(P)SO

51.4% Europe

0.6% Middle East &

Africa 6.9% Offshore

12.1% North America

14.0% South &

Central America

15.0% Asia23.8% Subsea

thereof:

10.1% Offshore construction vessels

5.4% Seismic survey vessels

4.2% Multi-function service vessels

1.4% Standby rescue vessels

2.7% Others

45.1% Offshore support

thereof:

22.3% Platform supply

vessels

20.5% Anchor handlers

2.3% Oil well service

vessels

Page 30Investor Presentation __ October 2017 __ Offshore Finance


Land Transport Finance portfolio (30 Jun 2017: €1.5 bn)

Total lending volume by asset type Total lending volume by country risk

56.2% Europe

2.8% Australia

41.0% North America

91.5% Rail-based

thereof:

63.9% Freight cars

17.8% Locomotives

8.6% Regional passenger train sets

1.2% Passenger coaches

8.5% Rail-related

thereof:

8.5% Container chassis

Page 31Investor Presentation __ October 2017 __ Land Transport Finance


Financial Institutions and Syndications portfolio

(30 Jun 2017: €371.9 mn)

Total sell-down volume by business division

69.4% Aviation Finance30.6% Shipping Finance

Page 32Investor Presentation __ October 2017 __ Financial Institutions and Syndications


DVB Corporate Finance portfolio (30 Jun 2017)

Revenue by business division Revenue by products

42.0% Capital Markets

58.0% Advisory and

Mergers & Acquisitions

Page 33

1.0% Land Transport Finance

64.0% Shipping Finance

35.0% Aviation Finance

Investor Presentation __ October 2017 __ DVB Corporate Finance


Investment Management – Investment volume (30 Jun 2017)

Breakdown of the investment volume

73.0%

AIM

27.0%

SIIM

SIIM: thereof: 23.9% SIIM/NFC Shipping Funds 1.8% Stephenson Capital 1.3% Container Funds

Page 34

SIIM shipping portfolio by asset type €291.0 mn

15.4% Other investments

54.5% Tankers

thereof:

18.3% LPG tanker

17.4% Chemical tankers

7.6% Product tankers

6.2% Crude oil tankers

5.0% LNG tankers

4.9% Car carriers

7.0% Bulk carriers

7.9% Containerships

10.3% Offshore vessels

AIM by asset type €889.0 mn

thereof:

14.8% Widebody

2.1% Engines

0.1% Narrowbody

3.2% Freighter widebody

29.4% Passenger widebody

50.2% Passenger narrowbody

0.2% Other

17.0% Disassembly

Investor Presentation __ October 2017 __ Investment Management


04/ DVB – Further information36 Shareholder base

37 Board of Managing Directors

38 Staff

39 Imprint

40 Photo credits

Current shareholder base

Seite 36

100.00%

/ Squeeze-out resolution of the AGM

/ Expiration of the period for filing an action of avoidance

/ Registration into the Commercial Register

/ Delisting at the Frankfurt Stock Exchange – General Standard

/ Payment of the cash compensation per share to minority shareholders

22 June 2017

24 June 2017

17 August 2017

17 August 2017

22 August 2017

Investor Presentation __ October 2017 __ Structure


Responsibilities of DVB’s Board of Managing Directors

as of 1 January 2017

Client areas in business divisions Client areas at affiliatesProduct/service areas

Ralf

Bedranowsky

CEO and Chairman

of the Board of

Managing Directors

David

Goring-Thomas

Member of the

Board of

Managing Directors

Christian

Hagemeyer

Member of the

Board of

Managing Directors

L.H. (Bart)

Veldhuizen

Member of the

Board of

Managing Directors

Page 37Investor Presentation __ October 2017 __ Board of Managing Directors

Corporate

Finance

Shipping

Finance

Offshore Finance

Shipping and

Intermodal

Investment

Management

Information

Technology

DVB Capital

Markets LLC

Aviation

Credit

Credit and

Asset Solution

Group

Land Transport

Research

Aviation

Research

Land Transport

Credit

Shipping and

Offshore

Credit

Group Risk

Management

Aviation

Finance

Aviation

Investment

Management

Land Transport

Finance

Aviation

Financial

Consultancy

Financial

Institutions

and

Syndications

Group

Treasury

Transaction

and

Loan Services

DVB Transport

Finance Ltd

Business Process

Support

Group Compliance

Office

Group

Corporate

Communications

Group

Audit

Group Controlling

Group

Finance

ITF

International

Transport Finance

Suisse AG

LogPay Financial

Services GmbH

Group Human

Resources

Group

Legal

Shipping and

Offshore

Research


Nationalities in DVB (30 Jun 2017)

643 active employees

DVB Bank Group

333 active employees

Transport Finance/Investment Management

14.9% 33 other nationalities 42.6% German

11.7% Dutch

3.1% Norwegian

13.5% British

3.3% Greek

4.7% US-American

6.2% Singaporean

19.0% 22 other nationalities

17.7% Dutch

5.4% Greek

18.6% British

5.7% Norwegian

7.2% US-American

9.6% Singaporean

16.8% German

Page 38Investor Presentation __ October 2017 __ Staff


Imprint

Responsible for the content of this presentation

and contact:

Elisabeth Winter

Head of Group Corporate Communications

Managing Director

Phone: +49 69 9750 4329

E-mail: [email protected]

DVB Bank SE

Platz der Republik 6

60325 Frankfurt/Main, Germany

[email protected],

www.dvbbank.com

For further information please visit

www.dvbbank.com

After scanning this QR with your smartphone,

you will have direct access to our website.

Page 39Investor Presentation __ October 2017 __ Imprint


Lisa Boose-Kirwel

Group Corporate Communications

Manager Investor Relations

Phone: +49 69 9750 4435

E-mail: [email protected]

Photo credits

Page 40Investor Presentation __ October 2017 __ Photo credits

Front Cover:

Shipping Finance:

Pages 1, 6: M.T. Maritime Management (USA) LLC, Southport, USA

Aviation Finance:

Pages 1, 6: Bert van Leeuwen, DVB Bank SE, Amsterdam, The Netherlands

Offshore Finance

Pages 1, 6: Volstad Management AS, Ålesund, Norway

Land Transport Finance:

Pages 1, 6: Wouter Radstake, DVB Bank SE, Frankfurt/Main, Germany

01/ DVB – Financials and outlook

Page 4: iStock/SusanneB

02/ DVB – Business model

Page 20: DZ BANK AG/DVB Bank SE

03/ DVB – Lending volume and portfolio data

Page 26: Getty Images

04/ DVB – Further information

Page 35: DVB Picture Archives

Page 37 Ralf Bedranowsky, David Goring-Thomas, Christian Hagemeyer and L.H. (Bart) Veldhuizen:

Andreas Fechner, Dusseldorf, Germany and DVB Bank SE, Frankfurt/Main, Germany

Page 39: DVB Picture Archive


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