Nomura Holdings, Inc. · TSE:8604
Nomura — Debt Investor Presentation (April 2014)
24 slides from Nomura's debt investor presentation, April 2014
Slide 1: Creditor Presentation
Connecting Markets East & West Creditor Presentation Fourth quarter, year ended March 2014 (US GAAP) Nomura Holdings, Inc. April 2014 © Nomura
Slide 2: Outline
Outline P Presentation t ti Fi Financial i l Supplement S l t z Executive Summary (p. 2) z Consolidated Balance Sheet (p. 15) z FY2013/14 Summary (p. 3) z Consolidated Income (p. 16) z Retail (p. (p 4) z Consolidated Results: Income (loss) Before Income Taxes by z Asset Management (p. 5) Segment and
Slide 3: Executive Summary
Executive Summary Highlights Income before income taxes Full Year Highlights Group-wide Income before income taxes and net income1 at highest level since FY2005/062 , marking the second Equity securities Group-wide held for operating best year since reporting under US GAAP started in FY2001/02 +52
Slide 4: FY2013/14 Summary
FY2013/14 Summary Quarter Full Year FY2013/14 FY2012/13 FY2013/14 (billions of YEN) QoQ YoY 1 YoY 1 Full year Full year (billions of USD) 3Q 4Q 389.9 389 9 1,557.1 1 557 1 Net revenue 379.4 $3.8 +3% -40% 1,813.6 -14% $15.0 128.0 97.9 -24% -29% 511.9 Retail $1.0 397.9 +29% $5.0 20.5 80.5 Asset Manage
Slide 5: Retail
Retail Net revenue and income before income taxes Key points Full year (billions of yen) Full year Quarter Stock market rally drove both revenues and pretax income higher YoY; FY12/ Pretax income at highest level since FY2005/06 (Y197.2), marking best year FY12/ FY13/ 13 FY2013/14 since disclosure
Slide 6: Asset Management
Asset Management Net revenue and income before income taxes Key points (billions of yen) Full year Quarter Full Year AuM expanded on fund inflows and improved market conditions FY12/ Highest pretax income since FY2007/08 FY12/ FY13/ FY2013/14 13 QoQ YoY Distribution of UCITS3 compliant funds t
Slide 7: Wholesale
Wholesale N t revenue and Net d income i b f before i income t taxes K points Key i t (billions of yen) Full year Quarter Full Year FY12/ FY12/ FY13/ FY2013/14 Net revenue: Y765.1bn (+19% YoY) 13 QoQ YoY 13 14 Income before income taxes: Y111.8bn (+56% YoY) 4Q 1Q 2Q 3Q 4Q – All regions and busin
Slide 8: Wholesale: Global Markets and Investment Banking
Wholesale: Global Markets and Investment Banking Gl b l Market: Global N t revenue1 M k t Net I Investment t t Banking: B ki N t revenue Net (billions of yen) Investment Banking (gross) (billions of yen) Equities 44.1 47.2 45.8 35.9 55.4 ($0.5bn) QoQ Fixed Income ($1.6bn) +6% Investment Banking (net
Slide 9: Non-Interest Expenses
Non-Interest Expenses F ll Year Full Y Q Quarter t K points Key i t (billions of yen) (billions of yen) Full year Non-interest expenses: Y1,195.5bn Other 1,575.9 483.9 (-24% YoY) 1 500 1,500 500 Business development 1,195.5 – Group-wide expenses declined expenses 1,200 400 significantly due to the
Slide 10: Robust Financial Position
Robust Financial Position B l Balance sheet h t related l t d indicators i di t and d capital it l ratios ti Ri k weighted Risk t 3 and i ht d assets d Tier Ti 1 ratio ti (trillions of yen) RWA (Basel 3) (lhs) Tier 1 ratio (Basel 3) (rhs) (As of March 2014) 20.0 20.0% Total assets Y43.5trn ($423bn
Slide 11: Balance Sheet Management
Balance Sheet Management Balance Sheet (As of Mar 2014) Funding Profile Balance Sheet Structure Assets Liabilities and Equity Conservative Funding Profile Highly Liquid, Healthy Balance Sheet Structure – More than 80% of unsecured funding3 – 83% of assets are highly liquid is long-term debt trad
Slide 12: Liquidity Portfolio
Liquidity Portfolio The firm’s liquidity portfolio1 was approximately JPY6.1 trillion (USD60bn) as of Mrch31, 2014 which is measured on the basis of an established liquidity management framework The liquidity portfolio is primarily comprised of highly liquid G4 government bonds, and is diversifi
Slide 13: Debt Profile
Debt Profile Durable structure: Unsecured funding is comprised of long-term debt by more than 80% Funding sources are diversified among the following three markets to mitigate refinance risk: 9 Bank Lending Market: Funded mainly from Japanese relationship banks 9 Wholesale Market: Access to the
Slide 14: Credit Ratings
Credit Ratings Standard & Moody’s Fitch Rating and Japan Credit As of March 31 2014 Poor’s Ratings Investment Rating Agency Information Nomura Holdings, Inc. Long-term BBB+ Baa3 A- A+ AA- Short-term A-2 - F1 a-1 - Outlook stable stable Stable stable stable Nomura Securities Co., Ltd. Long-term A- Ba
Slide 15: Financial Supplement
Financial Supplement
Slide 16: Consolidated Balance Sheet
Consolidated Balance Sheet Millions of yen Millions of yen March 31, March 31, March 31, March 31, Increase/(Decrease) Increase/(Decrease) 2013 2014 2013 2014 ASSETS LIABILITIES AND EQUITY Cash and cash deposits: Short-term borrowings 738,445 602,131 (136,314) Cash and cash equivalents 805,087 1,489
Slide 17: Consolidated Income
Consolidated Income F ll year Full Q Quarter t (billions of yen) FY2012/13 FY2013/14 FY2012/13 FY2013/14 4Q 1Q 2Q 3Q 4Q Revenue Commissions 359.1 474.6 125.7 157.6 105.6 121.4 89.9 Fees from investment banking 62.4 91.3 21.8 25.4 23.0 15.8 27.2 Asset management and portfolio service fees 141.0 167.2
Slide 18: Consolidated results: Income Before Income Taxes by Segment and Region
Consolidated results: Income (loss) Before Income Taxes by Segment and Region Adj t Adjustment t off consolidated lid t d results lt and d segmentt results: lt Income I (loss) (l ) before b f income i taxes t FY2012/13 FY2013/14 (billions of yen) FY2012/13 FY2013/14 4Q 1Q 2Q 3Q 4Q Retail 100.6 192.0
Slide 19: Segment "Other"
Segment “Other” Income (loss) before income taxes F ll year Full Q Quarter t (billions of yen) (billions of yen) 60 60 50.1 40 40 34.2 20.0 20 20 6.6 0 0 -3.5 -3.7 -7.0 70 -20 -20 FY2012/13 FY2013/14 FY2012/13 FY2013/14 4Q 1Q 2Q 3Q 4Q Net gain (loss) related to economic 1.0 17.4 0.8 7.4 -1.7 5.2 6.5
Slide 20: Value at risk
Value at risk Definition From April 1, 1 2013 to March 31, 31 2014 (billions of yen) − 99% confidence level − Maximum: 9.9 − 1-day time horizon for outstanding portfolio − Minimum: 4.4 − Inter-product price fluctuations considered − Average: 6.7 (billions of yen) FY2012/13 FY2013/14 FY2012/13 FY
Slide 21: Wholesale Related Data
Wholesale Related Data Private equity related investments (billions of yen) 150 Terra Firma 104.6 107 0 107.0 104.6 102.1 100 Asia 57.2 61.2 57.2 Europe (excluding Terra Fi Firma) ) 50 Japan 0 FY2012/13 FY2013/14 FY2012/13 FY2013/14 Mar Mar Mar Jun Sep Dec Mar Japan 52.7 8.1 52.7 52.5 51.7 10.5 8.1
Slide 22: Number of Employees
Number of Employees FY2012/13 FY2013/14 FY2012/13 FY2013/14 Mar Mar Mar Jun Sep Dec Mar Japan (excluding FA) 14,123 14,149 14,123 14,654 14,454 14,308 14,149 Japan (FA) 1,907 1,888 1,907 1,911 1,923 1,918 1,888 Europe 3,618 3,461 3,618 3,485 3,459 3,456 3,461 Americas 2 271 2,271 2 281 2,281 2 271 2
Slide 23: Disclaimer
Disclaimer This document is produced by Nomura Holdings, Inc. (“Nomura”). Nothing in this document shall be considered as an offer to sell or solicitation of an offer to buy any security, commodity or other instrument, including g securities issued by y Nomura or any y affiliate thereof. Offers
Slide 24: Nomura Holdings, Inc.
Nomura Holdings, g , Inc. www.nomura.com
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