Toronto-Dominion Bank · TSX:TD
Toronto-Dominion Bank — TD Bank Financial Group — 2010 UBS Global Financial Services Conference
17 slides from Toronto-Dominion Bank's conference presentation, May 2010
Slide 1: 2010 UBS Global Financial Services Conference
Colleen Johnston 2010 UBS Global Financial Chief Financial Officer Services Conference TD Bank Financial Group May 2010
Slide 2: Caution Regarding Forward-Looking Statements
Caution Regarding Forward-Looking Statements From time to time, the Bank makes written and oral forward-looking statements, including in this presentation, in other filings with Canadian regulators or the U.S. Securities and Exchange Commission (SEC), and in other communications. In addition, repres
Slide 3: Emerging with Momentum
Emerging with Momentum Get across the recession valley ̶ Carefully manage capital, funding, liquidity and risk Keep our business model intact ̶ Preserve our performance, convenience and service culture Emerge with momentum on our side Now ̶ Continue to invest in our core growth engines Well posi
Slide 4: Key Takeaways
Key Takeaways Building the Better Bank North American • Top 10 bank in North America1 • Strong employment brand • One of the few Aaa-rated banks on NYSE • Leverage platform and brand for growth Retail Earnings Focus • Leader in customer service and convenience • Strong organic growth engine • About
Slide 5: A Top Bank in North America
TD Bank Financial Group A Top 10 Bank in North America Compared to: Q1 20101 North Canadian (In U.S.$B) 2 American Peers7 Peers8 Total Assets $531 2nd 6th Total Deposits $376 1st 5th Market Cap3 (As at April 16, 2010) $64.8 2nd 6th Adj. Net Income4 (Trailing 4 $4.5 2nd 5th Quarters) Adj. Retail Earn
Slide 6: Simple Strategy, Consistent Focus, Superior Execution
Simple Strategy, Consistent Focus, Superior Execution Adjusted Earnings1 (C$MM) $4,716 R % C A G s : 14 r ea ning 7% 5-y Ear PS: d E j uste sted $4,189 $3,813 Ad Adju $3,376 $2,861 $2,485 Wholesale Banking $1,430 U.S. P&C Wealth Management Canadian P&C 2 2004 2005 2006 2007 2008 2009 Q1 2010 Retail
Slide 7: Issues on Investors' minds
Issues on Investors’ minds Capital Current operating environment - Low nominal interest rates - Rebound in the equity markets - Credit Growth - Organic - Acquisitions 7
Slide 8: Capital
Capital 12.6% 12.0% Disciplined capital 11.3% 11.5% management 10.1% 10.3% 9.8% Strong capital position ̶ Organic growth capital position through continued earnings strength Well positioned for evolving regulatory environment 77% of Tier 1 Capital consists of tangible common equity1 2004 2
Slide 9: Changing Capital Environment
Changing Capital Environment Views on proposed Capital rule changes • Changes should address the main causes of the financial crisis ̶ Excessive leverage in the banks and investment dealers ̶ Lack of common standards for quality/level of capital ̶ Weakness in risk and liquidity management • Focus on
Slide 10: Current operating environment
Current operating environment • Low nominal interest rates - Strong deposit position given our leading Retail franchise - Return to higher levels of interest rates provides tailwind for Canadian and US Retail Banking segments • Rebound in the equity markets - Momentum in markets provides for a tai
Slide 11: Current operating environment: Credit
Current operating environment: Credit Canadian Personal Real Estate Secured Lending volume remained primary driver of portfolio growth Visa and Unsecured Line of Credit loss rates eased slightly in Q1; expected to continue as the economic outlook improves Canadian Commercial and Wholesale Bo
Slide 12: Growth: Organic
Growth: Organic • De-novo store growth continues ̶ Opened 33 stores in F09, 13 stores in Q1’10 ̶ F09: Average maturing store deposits of $59 million vs. mature stores $84 million ̶ F09: 25% of stores were maturing but accounted for 60% of deposit growth • Deposit growth 6% YoY in Q1’10 (US$) ̶ G
Slide 13: Growth: Highlights of Recent Florida Acquisitions
Growth: Highlights of Recent Florida Acquisitions FDIC-assisted acquisition of the retail stores of Riverside National Bank of Florida, First Federal Bank of North Florida and AmericanFirst Bank Enhances presence in attractive, deposit-rich Florida market Accelerating our current de novo growt
Slide 14: Growth: Florida Acquisitions - Attractive Footprint
Growth: Florida Acquisitions - Attractive Footprint Pro Forma Rank in Florida1 # of Rank by Deposits Rank by Institution Stores Stores (US$MM) Deposits Wells Fargo & Co. 707 1 $64,257 2 Bank of America Corp. 666 2 $72,758 1 SunTrust Banks Inc. 566 3 $39,903 3 Regions Financial Corp. 404 4 $17,450 4
Slide 15: Key Takeaways
TD Bank Financial Group Key Takeaways Consistent focus on executing our strategy Ability to outperform even in a tough economic environment Well positioned to emerge with momentum 15
Slide 16: Investor Relations Contacts
Investor Relations Contacts Phone: 416-308-9030 or 1-866-486-4826 Email: [email protected] Website: Best Investor Relations by Sector: Financial Services www.td.com/investor Best Retail Investor Communications 16
Slide 17: 2010 UBS Global Financial Services Conference
2010 UBS Global Financial Services Conference May 2010
TD Bank Financial Group — 2010 UBS Global Financial Services Conference on 6ix