>Business performance in the first nine months of Arno Walter, CEO Holger Hohrein, CFO Frankfurt/Main, 22 October 2015

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1 >Business performance in the first nine months of Arno Walter, CEO Holger Hohrein, CFO Frankfurt/Main, 22 October

2 > Impressive nine months Increase in profit following strong B2C trading Profit over 10m higher than previous year: pre-tax profit of 76.2m Record earnings: 282.9m Moderate rise in administrative expenses: 206.7m Dynamic growth in customers, accounts and custody accounts B2C: 78 thousand more current accounts, 47 thousand more custody accounts 2.6bn net fund inflows in the group 2.95m customers with 60.8bn in assets comdirect as an innovation driver more a Fintech than a traditional bank First bank with completely digital account-opening process and account-switching service for current accounts Brokerage: new tools, new apps and at the forefront for digital asset accumulation comdirect Start-up Garage: we re thinking outside the box 2

3 Profitability Strong profit: target increased Further strong earnings More investment in growth expected in Q4 3 3

4 >9M profit over 10m higher than previousyear in million, comdirect group Pre-tax profit 9M/14: M/15: Earnings B2C Administrative expenses B2C B2C 2014 Q4 Q1 Q Q4 Q1 Q2 4

5 >Profit target increased to > 85m in million, comdirect group Pre-tax profit profit target: > 85m M/ ROE (%) After-tax profit Earnings per share ( ) Dividend per share ( ) Dividend yield (%)* TSR (%)** Exceptional effect of tax refunds * Based on the respective closing quotation at year-end; ** Sum of the share price increase and dividend in relation to the share price as at the end of the previous year period 5

6 > Strong net commission income strong earnings in million, comdirect group Earnings 9M/14: M/15: Net commission income B2C Net interest income (after loan loss provisions) B2C Other income Orders* B2C (m) Avg. 3M EURIBOR (%) * Executed orders Q Q Q Q4 2.4 Q Q

7 > Moderate rise in administrative expenses in million, comdirect group Administrative expenses 9M/14: M/15: Personnel expenses Other administrative expenses B2C Depreciation Q4 Q1 Q Q4 Q1 Q2 7

8 Growth B2C: growth in custody and current accounts Around 61bn in assets Net fund inflows of 2.6bn 8 8

9 > B2C: growth driven by current and custody accounts in thousands Customers Current accounts 2,631 2,755 2,825 2,892 2, ,043 1,159 1, ,038 1, Custody accounts 1,683 1,702 1,697 1,717 1,760 B2C 1,632 1,717 1,824 1,909 1, B2C M M 9

10 >Around 61bn in assets in billion Assets under custody Portfolio volume B2C B2C M Deposit volume B2C DAX* 5,898 7,612 9,552 9,806 9, M * Index at year-end/end of quarter 10

11 > Net fund inflows remain positive Assets under custody in billion, comdirect group Net fund inflows in million, comdirect group M/15: 2.6bn 1,257 Deposit volume Net portfolio volume bn Price effects Q4 Q1 Q2 9M B2C 11

12 Strategy and outlook Growth strategy ongoing comdirect as an innovation driver 12 12

13 >With smart banking, we give the gift of time smartpay: Pay the bill. Re-envisioned. One stop account-opening and account-switching everything completely digital 10 thousand downloads in the first month Become a comdirect customer from your sofa in the time it takes to drink a coffee 13

14 > Smart trading and investing New CFD portal Peer-to-peer trades Robo investing AnlageAssistent : FinTechs@ebase Partnerships Social Trading : Digital asset management comdirect Group at the forefront for digital asset accumulation: for end customers (B2C) or via partners () 14

15 > We re thinking outside the box comdirect s new ways of working comdirect Start-up Garage New work and project spaces for new ideas comdirect as a partner for innovative financial ideas First bank to join Connected Living Finance as part of modern connected living 15

16 Impressive nine months > Strong profit after nine months: 76.2m > Record earnings: 282,9m > 3m customers with 61bn in assets > Almost 50 thousand new B2C custody accounts > comdirect as an innovation driver 16

17 17 NOTES

18 > Income statement in accordance with IFRS in thousand 9M M Interest Income 148, ,636 Interest expenses 39,385 21,530 Net interest income before provisions for possible loan losses 109, ,106 Provisions for possible loan losses 77-2,287 Net interest income after provisions for possible loan losses 109, ,819 Commission income 246, ,683 Commission expenses 103, ,909 Net commission income 142, ,774 Trading result and result from hedge accounting Result from financial investments 3,111 3,757 Administrative expenses 196, ,702 - Personnel expenses 56,621 60,963 - Other administrative expenses 126, ,910 - Depreciation 13,505 11,829 Other operating result 6,530 2,346 Pre-tax profit 64,944 76,183 Taxes on income 17,127 20,690 Consolidated net profit 47,817 55,493 18

19 > Consolidated statement of financial position in accordance with IFRS in million Assets Liabilities and equity Other assets Cash reserve Financial investments 16, ,464 15, ,671 15, , Other assets and liabilities Provisions Claims on customers ,455 15,687 Liabilities to customers Claims on banks 11,723 11, Equity 9M M 19

20 > comdirect share Shareholder structure (%) Free float Price per share (XETRA/ ) AS OF: Commerzbank Q4 Q Q2 ISIN: Stock exchange segment: Index: Reuters/Bloomberg abbrev.: DE Prime Standard SDAX CDBG.DE/COM GR Closing price: Market capitalisation: ,433m Outstanding shares: 141,220,815 Avg. daily turnover 9M/ (units) - XETRA: - Frankfurt: 42,344 3,635 20

21 > comdirect share performance total return = 100% AS OF: comdirect Aktie Total Return Index DAXsector financial services Performance Index DAX SDAX 21

22 > Financial calendar 2016 > 27 Jan Financial statements press conference, Frankfurt/Main > 23 Mar Annual report > 27 Apr Quarterly report > 12 May Annual general meeting, Hamburg > 26 July Half-year report > 2 Nov Nine-month report 22

23 > Investor Relations For further information, please contact: Dr André Martens Tel +49 (0) 4106 / andre.martens@comdirect.de Tobias Vossberg Tel +49 (0) 4106 / tobias.vossberg@comdirect.de Stefanie Wallis Tel +49 (0) 4106 / stefanie.wallis@comdirect.de 23

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