Investor Presentation The Helaba Group | March 2022
Values with impact.
Investor PresentationThe Helaba GroupFrankfurt / Main, March 2022
Investor Presentation The Helaba Group | March 20222
1. Helaba’s Business Model
2. Helaba as Sparkassen Central Bank
3. Business Development
4. Asset Quality
5. Strategic Agenda and Outlook
6. Sustainability in Helaba Group
7. Funding
Agenda
Investor Presentation The Helaba Group | March 20223
Sparkassen – German savings banks
Central S-Group institution for savings
banks and S-Group bank, acting as a
partner rather than a competitor
Core markets
Germany with a regional focus and a
selected international presence
Pre-tax profit: € 569 m
Employees: approx. 6,300
Ratings: Moody’s Aa3 / Fitch A+ / S&P A-
Owners
12% Federal States of Hesse & Thuringia
88% German savings bank sector
Customer base
Long-term relationships with corporates,
institutional clients, the public sector and
retail customers
Total assets: € 212 bn
RWA: € 64 bn
CET1 ratio: 14.3%
Helaba
At a glance
S
As of 31 December 2021
Investor Presentation The Helaba Group | March 20224
Helaba’s strategic business model has proven its worth - even in times of crisis
Investor Presentation The Helaba Group | March 20225
Helaba’s strategic business model
Commercial bank Central S-Group institution Development bank
As a commercial bank, Helaba is active in
both Germany and abroad. Stable, long-term
customer relationships are the hallmarks of
Helaba’s approach. It works with companies,
institutional customers and the public sector.
Helaba is the central S-Group institution as
well as the preferred service provider and
product supplier for Sparkassen in Hesse,
Thuringia, North Rhine-Westphalia and
Brandenburg, which account for 40% of all
Sparkassen in Germany. Helaba acts as a
partner rather than a competitor of the
Sparkassen.
As the central development bank of the State
of Hesse, Helaba bundles the administration
of public development programmes through
its WIBank subsidiary.
Investor Presentation The Helaba Group | March 20226
Real Estate Corporates & Markets Retail & Asset Management Development Business Other
Commercial real estate
finance
Corporate Banking
Asset Finance
Joint lending activities
with Sparkassen
Capital market and treasury
products
Cash management
Public finance
International business
Retail banking
Private banking
Home loans and
savings business
Asset management
Residential real estate
portfolio
Custodian banking services
Public development
programmes on behalf of
the State of Hesse
Project development and
co-ordination as well as
real estate management for
large-scale properties
Issuance of own debt
instruments for
institutional and retail
customers
A comprehensive product portfolio for our customers
Investor Presentation The Helaba Group | March 20227
Strongly characterised by the Sparkassen sector with 88 % of share capital
Helaba’s ownership structure
Sparkassen sector S
Savings Banks and Giro
Association Hesse-Thuringia (68.85 %)
Savings Banks Association Westphalia-Lippe (4.75 %)
Savings Banks and Giro Association of the Rhineland (4.75 %)
FIDES Alpha GmbH (4.75 %)1
FIDES Beta GmbH (4.75 %)2
Federal States
State of Hesse (8.1 %)
Free State of Thuringia (4.05 %)
1) FIDES Alpha GmbH, trustee of the guarantee funds of the regional savings banks associations, represented by the German Savings Banks Association (DSGV) 2) FIDES Beta GmbH, trustee of the guarantee fund of the Landesbanken, represented by the German Savings Banks Association (DSGV)
12%88%
Helaba is closely and permanently integrated into the Sparkassen-Finanzgruppe
Investor Presentation The Helaba Group | March 20228
1. Helaba’s Business Model
2. Helaba as Sparkassen Central Bank
3. Business Development
4. Asset Quality
5. Strategic Agenda and Outlook
6. Sustainability in Helaba Group
7. Funding
Agenda
Investor Presentation The Helaba Group | March 20229
Consolidated financial statements
Consolidated financial statements since 2003
Profit before taxes 2020 (IFRS): € 724 m
Group ratings from Fitch Ratings (A+) and Standard &
Poor’s (A-)
Joint group reserve fund
Integrated in joint risk management system
Around € 622 m in addition to existing nationwide
institutional protection schemes as of 31 December 2020
Direct protection for creditors in addition to institutional
protection
Joint risk management
Uniform risk management strategy
Risk monitoring system with early warning indicators
Risk-adjusted contributions to group’s guarantee fund
Joint market presence
Joint business strategy
Full market coverage
(retail and wholesale business)
Clear division of customer responsibility
Co-ordinated range of products
The S Group concept in Hesse & Thuringia
A single economic unit with unique franchise
Platform for productsand services
Joint risk managementWholesale business
Access to global marketsSME & retail customers
in the region
S
Facts & figures in 2020 of S Group Hesse & Thuringia
Total assets of € 332 bn
Profit before taxes (IFRS) of € 724 m
23,474 employees
1,401 branches and offices incl. self-service terminals
Investor Presentation The Helaba Group | March 202210
Co-operation agreements with S-Group associations in
NRW and Brandenburg
Central S-Group institution for Sparkassen in North Rhine-
Westphalia and Brandenburg
Joint sales and marketing strategy
1. Helaba is preferred S-Group partner
2. Target S-Group ratio of 60 – 80 %
3. Clear customer segmentation
4. Co-ordinated range of products
Risk and S-Group advisory board
Consultation role, but no rights of inspection or
intervention
Regional reserve fund (only in NRW), contributions by
Sparkassen in NRW
S-Group concept in Hesse & Thuringia based on business
model of a single economic unit
Central S-Group institution for Sparkassen in Hesse and
Thuringia
Joint sales and marketing strategy
1. Helaba is preferred S-Group partner
2. Target S-Group ratio of 60 – 80 %
3. Clear customer segmentation
4. Co-ordinated range of products
Joint risk monitoring system with traffic-light early
warning indicators
Risk Committee and S-Group Committee
with rights of inspection and intervention
Regional reserve fund to cover mutual risks and directly
protect creditors; contributions by S-Group members
Consolidated group financial statements under IFRS,
joint group rating
S-Group concept in Hesse-Thuringia, co-operation agreements with S Group associations in NRW
and Brandenburg
Investor Presentation The Helaba Group | March 202211
The leading S-Group Bank within the German S Finanzgruppe
Hesse-Thuringia
Home region with central S-Group
function for associated Sparkassen
Sparkassen and federal states are
among Helaba’s shareholders
“S-Group concept” with business
model of a single economic unit, joint
reserve fund as well as consolidated
financial statements and group
ratings
Head offices in Frankfurt and Erfurt
North Rhine-Westphalia
Home region with central S-
Group function for associated
Sparkassen
Savings banks associations in
NRW are among Helaba’s
shareholders
S-Group agreements form basis
for co-operation; regional reserve
funds in NRW
Dusseldorf branch office, Münster
sales office
Other regions
Focus on Rhineland-Palatinate,
Bavaria and Baden-Württemberg
Sales offices in Munich, Stuttgart
and Berlin
Brandenburg
Home region with central S-Group function
for associated Sparkassen and S-Group
agreements
Berlin sales office
Head office Branch office Sales office
Stuttgart
Münster
Berlin
Frankfurt
ErfurtDüsseldorf
München
Kassel
Helaba is the central S-Group
institution for around 40 % of
German Sparkassen
Investor Presentation The Helaba Group | March 202212
1. Helaba’s business model
2. Helaba as Sparkassen Central Bank
3. Business Development
4. Asset Quality
5. Strategic Agenda and Outlook
6. Sustainability in Helaba Group
7. Funding
Agenda
Investor Presentation The Helaba Group | March 202213
Helaba on track with very encouraging result in 2021
Consolidated net profit before tax of € 569 m back to pre-pandemic level
Strategic agenda pays off – consistent progress in driving it forward to continue
Further growth in operating activities – net fee and commission income with significant rise of 11.4%
Modest increase in general and administrative expenses (+3.1 %) despite higher bank levy
Risk provisioning falls to € 207 m (-32.3 %) but remains adequate
Comfortable CET1 ratio of 14.3 % (2020: 14.7 %)
Helaba only has very low direct exposure to Russia and Ukraine
Investor Presentation The Helaba Group | March 202214
Overview of Helaba Group's earnings position
Income Statement of Helaba Group (IFRS) 2019 2020 2021 Change yoy
€ m € m € m € m %
Net interest income 1,191 1,172 1,326 153 13.1
Provisions for losses on loans and advances -86 -305 -207 99 -32.3
Net interest income after provisions for losses on loans and advances 1,105 867 1,119 252 29.1
Net fee and commission income 395 435 485 50 11.4
Net income from investment property 214 215 218 3 1.2
Gains or losses on fair value measurement 128 4 183 179 >100.0
Share of the profit or loss of equity-accounted entities 24 4 22 18 >100.0
Other net income 173 166 57 -110 -65.9
General and administrative expenses (incl. scheduled depreciations) -1,521 -1,468 -1,515 -46 -3.1
Consolidated net profit before tax 518 223 569 346 >100.0
Tax on income -48 -46 -67 -21 -46.5
Consolidated net profit 470 177 501 325 >100.0
Investor Presentation The Helaba Group | March 2022
Profit before taxes by business segment
15
Segment contribution to consolidated net income underlines the Helaba Group's well-balanced business model
Segment performance returns to pre-pandemic level
Net earnings from Corporates & Markets segment driven by valuation recoveries, higher margins and TLTRO premiums
Improved result in Other segment mainly due to lower level of general risk provisioning items not allocated to segments
Profit before taxes as of December 31, 2021
in € m
Profit before taxes as of December 31, 2020
in € m
224 224
462
707569 569
238
245
33
-171
0
100
200
300
400
500
600
700
800
Real Estate Corporates &Markets
Retail & AssetManagement
DevelopmentBusiness
Other (incl.consolidation)
Profit before taxes
252 252 257
459
224 223
5
202
33
-268
0
100
200
300
400
500
600
Real Estate Corporates &Markets
Retail & AssetManagement
DevelopmentBusiness
Other (incl.consolidation)
Profit before taxes
Investor Presentation The Helaba Group | March 2022
Requirement / Target ratio
2019 2020 2021
Cost-Income Ratio <70% 71.6% 73.5% 66.1%
Return on equity (RoE) 5-7% 6.1% 2.6% 6.4%
CET1 ratio 8.5%1 14.2% 14.7% 14.3%
Total capital ratio 19.0% 19.1% 18.1%
Leverage Ratio 3.2%2 4.5% 4.8% 5.7%
Liquidity coverage Ratio >125% 225% 202% 183.8%
Net Stable Funding Ratio (NSFR) >105% - - 118.0%
Key ratios
16
Positive trend in key performance indicators
1) Derived from SREP requirement as of 31 December 2021 taking capital buffers into account
2) Minimum leverage ratio in accordance with ECB's temporary relief measures due to ongoing COVID-
19 pandemic
RoE and CIR comfortably within target corridor
Decrease in CET1 ratio to 14.3% and total capital ratio to 18.1% due to increase in RWAs
Increase in leverage ratio to 5.7 % as of 31 December 2021
Liquidity coverage ratio (LCR) at 183.8 %
Requirement since 30 June 2021 to adhere to Net Stable Funding Ratio (NSFR), which is focused on stability of funding profile. Current level: 118.0 %
All regulatory ratios significantly above requirements
Investor Presentation The Helaba Group | March 2022
Total lending volume in 2021 increased by € 5.6 billion compared to previous year. This is predominantly attributable to higher receivables from the public sector
New medium and long-term lending volume of € 16.5 bn below previous year’s level
17
Slight increase in lending volume - remains well diversified
New medium and long-term business: € 16.5 bn1 (PY: € 17.6 bn) in € bn
Real Estate Finance
6.1 (PY 6.9)
2.0 (PY 1.6)
Retail & Asset Management
8.4 (PY 9.0)
Corporates & Markets
1) new medium and long-term business excluding WIBank
50.0 61.8 69.0
41.942.1 42.9
40.334.9 32.2
30.9 33.2 35.519.5
19.1 19.025.6 23.9 22.2
0
50
100
150
200
250
2019 2020 2021
Public Sector Commercial Real Estate
Financial Institutions Corporates
WIBank Other
Breakdown of lending volume by customerin € bn
Volume220.8
Volume215.2
Volume208.3
Investor Presentation The Helaba Group | March 2022
Capital ratio development in % points
14.20% 14.70% 13.90% 14.30%
8.50%
-0.8%
0.4%
CET1 ratio2019
CET1 ratio2020
RWAchanges
Capitalchanges
CET1 ratio2021
Requirement
18
Comfortable levels of capital ratios
Helaba is well capitalised and all regulatory requirements are
significantly exceeded:
□ CET1 ratio of 14.3 %
Changes in capital ratios compared to previous year mainly due to
stronger rise in RWAs in relation to equity base. Risk-weighted assets
amounted to € 63.8 bn (previous year: € 60.5 bn). This rise was partly
due to the effects of applying CRR II methodology
Investor Presentation The Helaba Group | March 2022
MREL requirements still comfortably exceeded
24.96%18.1%
25.2%
19.3%
MREL requirement*(already as of 01.01.2024)
Actual MREL level(as of 31.12.2021)
∑ 62.6%
MREL requirement and actual levelin % of RWA
MREL requirement Senior non-preferred
Regulatory Capital
Senior preferred – thereof eligible
MREL requirement and actual levelin % of LRE
7.82% 6.8%
9.5%
7.3%
MREL requirement(alread as of 01.01.2024)
Actual MREL level(as of 31.12.2021)
∑ 23.6%
SubordinationRequirement
24.96% RWA*
SubordinationRequirement
7.82% LRE
MREL requirement (according to EU banking package) already from 01 Jan.
2024 onwards, (based on data 31 Dec. 2020):
24.96% in respect of RWA (risk-weighted assets) and
7.82% in respect of LRE (leverage ratio exposure)
“Subordination requirement” at 24.96% RWA* and 7.82% LRE
Helaba’s MREL level as of 31 Dec. 2021 , significantly above regulatory
requirements:
62.6% RWA
23.6% LRE,
“Subordination Level“ stands at 43.3% RWA** and 16.3% LRE
Regulatory capital already sufficient to cover Helaba‘s MREL requirements nearly
on its own
High level of Senior non-preferred liabilities effectively protects higher-ranking
Senior preferred class and provides extensive protection within Senior non-
preferred class itself
19
** to be fulfilled with regulatory capital and “subordinated“ liabilities, i.e. “Senior non-preferred“)
* MREL requirements as of 2024 already include 3.26% Combined Buffer Requirements
Investor Presentation The Helaba Group | March 202220
1. Helaba’s Business Model
2. Helaba as Sparkassen Central Bank
3. Business Development
4. Asset Quality
5. Strategic Agenda and Outlook
6. Sustainability in Helaba Group
7. Funding
Agenda
Investor Presentation The Helaba Group | March 202221
Diversified credit portfolio with focus on Germany
Growth in total lending volume to € 220.8 bn (previous year: € 215.2 bn) while composition of portfolio by customer group and
regional distribution largely unchanged
Public sector, Corporates and Commercial Real Estate still most important customer groups
Strong regional focus on Germany: two-thirds of portfolio allocable to domestic marketAs of Dec 31, 2021
Breakdown by customer
Corporates
Public Sector
Commercial Real Estate
Financial Institutions
25%
31%19%
15%
1%
9%
WIBank
Retail Customers
Breakdown by region
Germany
Rest of Europe
69%
21%
9%
North America
1%
Other
Investor Presentation The Helaba Group | March 202222
NPL ratio remains low
As of 31 December 2021, NPL ratio had increased to 0.8 % compared to level at end of 2020 financial year, but remains low. The main drivers were aircraft and commercial real estate finance
Non-performing exposures accounted for € 1.3 bn of the € 169.0 bn in loans and advances
Total lending volume of € 220.8 bn
95% of total credit exposure associated with excellent to satisfactory credit ratings
Total volume of lending by default rating category (RC)
0.8%0.7%
0.4%0.5%
0.8%
2017 2018 2019 2020 2021
Development of NPL1 ratio
1) The NPL ratio is the share of non-performing exposures according the EBA definition in relation to loans and advances to customers/banks. Based on Finrep data
As of Dec 31, 2021
RC 14-24: Sufficient to lower
financial performance; ≙ S&P Rating: < BB
RC 0-1: No default risk to excellent
and sustainable financial
performance; ≙ S&P Rating: AAA /
AA+
RC 8-13: Very good to
satisfactory financial
performance; ≙ S&P Rating: BBB+ to BB
RC 2-7: Exceptionally high to
outstanding financial performance;
≙ S&P Rating: AA to A-
5%
42%
28%
25%
Investor Presentation The Helaba Group | March 202223
Risk provisioning falls, specific credit risk adjustments (stage 3) rise but within anticipated corridor
Net additions to loan loss provisions primarily in the segments of Real Estate (driven by retail properties), Corporates & Markets as well as Other
Includes management adjustment and an adjustment to risk provisioning in the Other segment
Overall reduction in risk provisioning
Substantial allocations to stage 2 provisions for portfolio risks already made in previous year, but maintained to a large extent in 2021
Increase in Stage 3 risk provisioning due to rising credit defaults in the wake of ongoing economic impact of COVID-19 pandemic
Breakdown by segmentin € m
-28
0
-3
-68
13
-209
0
-29
-63
-4
-74
0
1
-48
-86
-300 -200 -100 0 100
Other (incl. Consolidation)
Development Business
Retail & Asset Management
Corporates & Markets
Real Estate
2021 2020 2019
Net allocations to risk provisioning 2019 2020 2021
€ m € m € m
Stage 1 15 4 26
Stage 2 -78 -258 -118
Stage 3 -30 -53 -117
Direct write-downs -3 -3 -3
Recoveries on previously impaired loans/advances 10 4 6
Net risk provisioning -86 -305 -207
Investor Presentation The Helaba Group | March 2022
By type of use By region
24
Real Estate Finance Portfolio
Business volume of € 36.5 bn
Balanced portfolio by regions and type of use
As of Dec 31, 2021
Office buildings
Retail
Other
49%
18%
8%
5%
20%
Residential
Logistics
Germany
North America
42%
23%
18%
GB/France
17%
Rest of Europe
Investor Presentation The Helaba Group | March 202225
Corporate Banking & Asset Finance Portfolio
Business volume of € 49.7 bn
By regionBy product area
As of Dec 31, 2021
Broadly diversified portfolio with focus on Europe
Germany
Rest of Europe
North America
55%
25%
9%
United Kingdom
9%
Corporate Loans & Lease Finance
Asset Backed Finance
Acquisition Finance
Project Finance
37%
17%
10%
5%
8%
5%
Aviation
Land Transport Finance
Structured Trade & Export Finance
17%
Other
2%1%
Other
Investor Presentation The Helaba Group | March 202226
Helaba has been steadily reducing its exposure in Russia and Ukraine for many years. Last week, it suspended all new
business with Russia.
The net exposure in both countries together is currently in the low double-digit million range and mainly consists of
export and trade finance.
Helaba has already factored in the risks for its Russian exposure by setting aside a general loss provision in the annual
financial statements.
As a major provider of payment transactions, Helaba is working closely with relevant authorities to implement embargos
and sanctions. Implementing sanctions (blacklists) in the bank‘s technical systems is a well-established process.
At present, Helaba is analysing its portfolios with regard to possible second and third -round effects. This includes:
□ An analysis of the possible impact of the sanctions on Helaba's credit portfolio
□ An analysis of customer groups with strong business ties to Russia, Ukraine and neighbouring regions
□ A review of the bank's preparedness with respect to possible cyber-attacks
□ An analysis of potential consequences for Helaba's profitability
Helaba only has very low exposure to Russia and Ukraine
Investor Presentation The Helaba Group | March 202227
The Group's very encouraging performance in 2021 as a whole was also based on the consistently good quality of its
portfolio. The rise in stage 3 credit defaults was in line with expectations and is manageable. A management adjustment
of € 113 m accounts for more than half of risk provisioning in 2021.
Conditions in 2022 will remain challenging in view of continued uncertainty, especially due to the war in Ukraine, further
inflation developments, the future course of the pandemic and supply chain constraints. However, Helaba is actively
managing the risks associated with sectors affected by these factors and is in a position to react effectively to further
developments as they arise.
Provided that the economic recovery continues, we expect a reduced level of risk provisioning for 2022 as a whole. We
had already made ample provision for portfolio risks in 2020 and 2021.
Conclusion and outlook for portfolio quality
Investor Presentation The Helaba Group | March 202228
1. Helaba’s Business Model
2. Helaba as Sparkassen Central Bank
3. Business Development
4. Asset Quality
5. Strategic Agenda and Outlook
6. Sustainability in Helaba Group
7. Funding
Agenda
Investor Presentation The Helaba Group | March 202229
Helaba on track – strategic agenda paying off in all areas of action
Diversify our business
model more broadly and
boost efficiency
Share of non-interest activities significantly increased
Trend of rising costs at bank
curbed
Modernise the IT
infrastructure and drive
the digital transformation
Modernisation of IT infrastructure progressing as
planned
Full digitisation of Schuldschein issuance on vc trade platform
successfully completed
Harness sustainability as an
opportunity for growth and
strengthen diversity
Expansion of Sustainable Finance Advisory to support our
customers
Range of our ESG products to be continuously expanded
Investor Presentation The Helaba Group | March 2022
Conditions for 2022 will be marked by numerous uncertainties in
the wake of the Ukraine conflict.
Overall, Helaba is only impacted directly to a very small extent.
New business with Russia has been suspended. The sanctions
imposed are being implemented.
We will continue to monitor and analyse further developments
very closely.
With its broadly diversified business model and the consistent
implementation of its strategic agenda, Helaba is well placed to
meet any challenges that may arise in 2022.
Helaba's earnings target for 2022 is in line with its medium-term
objectives. However, given the war in Ukraine and the current
very high level of uncertainty in respect of possible second and
third-round effects, we have decided not to issue a specific
earnings forecast.
Outlook
30
Investor Presentation The Helaba Group | March 202231
1. Helaba’s Business Model
2. Helaba as Sparkassen Central Bank
3. Business Development
4. Asset Quality
5. Strategic Agenda and Outlook
6. Sustainability in Helaba Group
7. Funding
Agenda
Investor Presentation The Helaba Group | March 202232
Helaba‘s approach to sustainability is…
Hands-on
Helaba engages in
sector initiatives and
promotes sustainability solutions
in financial services
Integrated
Helaba manages sustainability
using an integrated KPI-system
in business strategy
and risk strategy Norm-based
Helaba commits itself to
climate protection
and internationally recognized
sustainability standards
Investor Presentation The Helaba Group | March 202233
Sustainability and ESG-Goals of Helaba
ESG-Goals of Helaba Group
Social
We support women
In fulfilling their
career potentials
3
We invest in
our employees
and society
4 Social
ESG (inkl. Governance-Komponenten)
We strive for a
strong & stable ESG-Rating
5
Environment
We reduce our emissions
in operations
as much as possible
1
With our actions
we foster achieving
the Paris climate goals
2 Environment
absenteeism rate caused of illness < 4 %
average period of service 15 years
Proportion of female managers 22,8 %
Share of renewable energy consumption > 90%
Annual CO2-emissions ~ 11,000 Tons
Share of part-time workers 23,1 %
Number of notified corruption proceedings 0
Selection of sustainability KPIs of Helaba Group
Specific targets and metrics are developed to achieve the group-wide goals, based on
the existing sustainable KPI system
Investor Presentation The Helaba Group | March 202234
Helaba has integrated binding sustainability criteria in risk management
Risk strategy
Business strategy (incl. Sustainability strategy)
Identification Evaluation ManagementSupervision /
Reporting
Risk management model Binding requirements in risk strategy
Overarching principles:
UN Global Compact , OECD-Guidelines for export finance
Exclusions:
Nuclear power, coal industry (incl. supply chain), Fracking, Arctic Drilling, oilsands, soft
commodities, controversial weapons, gambling, pornography, prostitution
Minimum standards (selection):
Forestry , mining
Binding: Every new business must comply with defined requirements
Complete: Criteria apply to all forms of engagements group-wide
Effective: Since implementation in 2018 no non-compliant new business
Systematic: Annual evaluation process as part of regular risk strategy update
Transparent: Criteria are publicly disclosed on website (sustainability.helaba.com)
Investor Presentation The Helaba Group | March 202235
Demand-oriented services with ESG components
Green, Social &
ESG-Linked Loans/
Transition Finance
Green, Social &
ESG-Linked Bonds/
Schuldscheine
Environmental
Sustainable focus
through
promotional loans
ESG Impact
Project Finance
Social
ESG-linked
Guarantee
Facilities
Green Transport
Finance
Green Real Estate
Finance
Governance
ESG in Asset
Management
Further common
solutions
Investor Presentation The Helaba Group | March 202236
Helaba’s focus on sustainability reflected in sustainability ratings
A
CPrime
19.1Low Risk
C C C
2019 2020 2021
A A A
2019 2020 2021
23.5 20.7 19.1
2019 2020 2021
Among the top 10 % in peer group of 243 banks
Rating B- for sub-rating “Social & Governance”
Scale from D- to A+
In upper midfield in peer group of 192 banks
Top score for sub-rating “Financing Environmental Impact”
Scale from CCC to AAA
Among top 10% in peer group of 407 banks
Top score for sub-rating “Corporate Governance”
Scale from 0 (best) to 100
As of Dec 31, 2021
Investor Presentation The Helaba Group | March 202237
1. Helaba’s Business Model
2. Helaba as Sparkassen Central Bank
3. Business Development
4. Asset Quality
5. Strategic Agenda and Outlook
6. Sustainability in Helaba Group
7. Funding
Agenda
Investor Presentation The Helaba Group | March 2022
Strong national refinancing base
Funding Programmes
€ 35 bn Medium Term Note-Programme
Domestic issues (base prospectus)
€ 10 bn Euro-CP/CD-Programme
€ 6 bn NEU CP- (former French CD) Programme
$ 5 bn USCP-Programme
Funding Strategy
Continued matched funding of new business
Further expansion in strong position among German investors and targeted growth in international investor base
Focus Helaba’s sound “credit story” in and outside Germany
Further development of product and structuring capacity using issuance programmes
Broad Access to Liquidity
€ 50 bn cover pool for covered bonds
€ 32 bn securities eligible for ECB/ central bank funding
€ 21 bn retail deposits within Helaba Group
38
Funding Volume
Covered Unsecured Total
2021 € 0 bn € 11.1 bn € 11.1 bn
2022 planned € 3 bn € 9.0 bn € 12.0 bn
Investor Presentation The Helaba Group | March 2022
Outstanding medium and long-term funding ( ≥ 1 year): € 110.5 bn
39
Long-term liquidity management and high degree of market acceptance
As of Dec 31, 2021
Schuldscheine
Other
Mortgage Pfandbriefe
Bank bonds unsecured
Public Pfandbriefe
* Subordinated bonds/ participation certificates/ silent partnership contributions/earmarked funds
Year-on-year comparison 2019 2020 2021
€ m € m € m
Covered bonds (“Pfandbriefe”) 38.450 34.592 29.446
thereof public sector 27.492 25.208 21.979
thereof mortgage backed 10.958 9.384 7.467
Senior unsecured bonds 23.181 24.491 24.644
Schuldscheine 26.816 44.902 44.098
Miscellaneous* 11.217 11.650 12.326
Total 99.664 115.635 110.514
40%
11%
20%
7%
22%
Investor Presentation The Helaba Group | March 202240
Medium and long-term funding (≥ 1 year) in 2021
As of Dec 31, 2021
Helaba stärkt Kapitalbasis durch neues AT1-Haftkapital
By investor
Domestic and International institutional investors
Retail direct(Sparkassen via Depot A)
30%
46%
24%
Retail indirect (Sparkassen via Depot B)
By product
in € bn
Earmarked funds
Schuldscheine and other loans
Subordinated funds
Unsecured bearer bonds
2.4
0.1
4.3
4.3
Medium/long-term funding volume in 2021: € 11.1 bn (excluding TLTRO III drawdowns)
Focus on unsecured funding including debut issue of Green Bond to finance sustainable solar and wind energy projects
Investor Presentation The Helaba Group | March 2022
Helaba Ratings on a high level
Deposits in protection scheme (< € 100,000)(covered deposits pursuant to deposit guarantee scheme)
Covered bonds
Inso
lve
ncy
/ li
ab
ilit
y c
asc
ad
e
CET1
AT1
Tier 2
Deposits from private customers and SMEs (> € 100,000)(eligible deposits pursuant to deposit guarantee scheme)
Senior Preferred
Derivates Structured Notes Other DepositsSenior Preferred
Notes
Senior Non-Preferred
Senior Non-Preferred Notes (statutory)
Senior Non-Preferred Notes (contractual)
AaaCovered bonds
Baa2
A2
Aa3
AAAPublic sector CB
A-
A+
AA-
BBB+
A-
1) Joint group rating for the S-Group Hesse-Thuringia
1
Issuer RatingAa3
L/t Issuer Default Rating1
A+ L/t Issuer Credit Rating
A-
Insolvency hierarchy in Germany
41
As of 04 January 2022
Investor Presentation The Helaba Group | March 2022
Dirk Mewesen
General Manager, Head of Treasury
Phone +49 69/91 32 – 46 93
Henning Wellmann
Head of Liability Management & Funding
Phone +49 69/91 32 – 31 42
Martin Gipp
Head of Funding
Phone +49 69/91 32 – 11 81
Nadia Landmann
Debt Investor Relations / Funding
Phone +49 69/91 32 – 23 61
Your contacts
Helaba
Neue Mainzer Straße 52 – 58
60311 Frankfurt /Main
Phone +49 69/91 32 – 01
www.helaba.com
Investor Presentation The Helaba Group | March 2022
Disclaimer
This presentation and the information contained herein do not constitute or form part of a prospectus or other
offering document in whole or in part and should not be construed as an offer or solicitation to buy or sell any
securities or any related financial instruments and should be regarded as informative only. All information is as of
the date of publication and can change without any further notice. Whilst every effort has been taken to ensure the
accuracy of the presentation material, no guarantee is given nor liability assumed for the information contained
herein.
Helaba does not offer any advice as regards to taxation and accounting or legal matters. From the past result,
performance or achievements no conclusions as to the future results, performance or achievements can be drawn.
The 2021 group financial information are based on the attested and approved by the owners of the bank IFRS
group accounts. All calculations based upon these figures should be regarded as informative only.
All forms of distribution of this document require the prior written approval by Helaba.
43
© Landesbank Hessen-Thüringen Girozentrale, Frankfurt /Main and Erfurt