Morgan Stanley · NYSE:MS

Morgan Stanley — Debt Investor Presentation (November 2017)

11 slides from Morgan Stanley's debt investor presentation, Nov 3, 2017

  1. Slide 1: Morgan Stanley Fixed Income Investor Call

    Morgan Stanley Fixed Income Investor Call November 3, 2017

  2. Slide 2: Notice

    Notice The information provided herein may include certain non-GAAP financial measures. The reconciliation of such measures to the comparable GAAP figures are included in the Company’s Annual Report on Form 10-K, Definitive Proxy Statement, Quarterly Reports on Form 10-Q and the Company’s Current Re

  3. Slide 3: Agenda

    Agenda Business Update Section 1 Liability Management Section 2 Liquidity Management Section 3 Capital Position Section 4 MORGAN STANLEY FIXED INCOME INVESTOR CALL | NOVEMBER 3, 2017 3

  4. Slide 4: Business Performance Update

    1 Business Performance Update On Track to Achieve 9-11% ROE in 2017 Revenue Growth Expense Discipline Improving Profitability Firm Net Revenues(1) ($Bn) Expense Efficiency Ratio(2) (%) Return on Avg. Common Equity (%)(3) 28.4 74.2 9.8 72.1 25.6 7.7 14.3 12.8 3Q16 YTD 3Q17 YTD 3Q16 YTD 3Q17 YTD Conse

  5. Slide 5: Diversified and Durable Funding Mix

    2 Diversified and Durable Funding Mix Increased Unsecured Borrowings to Simplify the Balance Sheet and Add Flexibility Morgan Stanley Liabilities and Equity 3Q17 Core Funding Highlights ($Bn) 854 Secured 815 Deposits Funding • Well established • Primarily sweep governance framework deposits sourced

  6. Slide 6: Unsecured Borrowings: Primary Source of Funding

    Unsecured Borrowings: Primary Source of Funding Unsecured Debt Issuance and Maturities(1) ($Bn) 3Q17YTD Highlights 45 42 38 34 • Issued $45Bn in 2017YTD with net positive 34 30 issuance 28 22  Diversified across structure, currency, tenor and distribution channels  Continue to issue majority from

  7. Slide 7: Diversifying Bank Funding Profile

    Diversifying Bank Funding Profile Core Deposit Franchise Supports Further Growth in Bank Lending U.S. Banks Deposit Funding Mix(1) Highlights ($Bn) Attractive Deposit Characteristics Wealth Management  Strategic value – critical component of full service Sourced Deposits Wealth Management offering

  8. Slide 8: Firm Secured Funding Framework

    Firm Secured Funding Framework Four Pillars of Secured Funding Ensure Durability Overview Criteria(1) Significant • Criteria-based model for term funding 1 Weighted Average consistent with liquidity profile of • WAM for less-liquid assets > 120 days Maturity (“WAM”) underlying assets Maturity Limit

  9. Slide 9: Global Liquidity Position

    3 Global Liquidity Position Sized to Ensure Adequate Resources Across a Range of Stressed Scenarios Global Liquidity Reserve High Quality Liquid Assets Period End GLR ($Bn) Period End HQLA ($Bn) 202 198 197 205 188 190 186 184 79 75 66 78 67 77 73 73 124 122 121 113 112 111 131 127 4Q16 1Q17 2Q17 3Q

  10. Slide 10: Strong Risk-Based and Leverage Ratios

    4 Strong Risk-Based and Leverage Ratios 3Q17 Pro Forma Fully Phased-In Common Equity Tier 1 Ratio vs. Peers (%)(1) Pro Forma Fully Phased-In U.S. Supplementary Leverage Ratio (%)(1) 16.3% 6.5% 6.2% 13.8% 13.7% 13.2% 13.1% 13.0% 12.5% 5.8% 11.9% 11.7% 4.7% MS DB UBS CS BARC C JPM BAC GS 4Q14 4Q15 4Q1

  11. Slide 11: Morgan Stanley Fixed Income Investor Call

    Morgan Stanley Fixed Income Investor Call November 3, 2017

Morgan Stanley — Debt Investor Presentation (November 2017) on 6ix