Nomura Holdings, Inc. · TSE:8604

Nomura — Debt Investor Presentation (January 2015)

24 slides from Nomura's debt investor presentation, January 2015

  1. Slide 1: Creditor Presentation Third Quarter, Year Ending March 2015

    Connecting Markets East & West Creditor Presentation Third Quarter, Year Ending March 2015 (US GAAP) Nomura Holdings, Inc. January 2015 © Nomura

  2. Slide 2: 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 securities issued by Nomura or any affiliate thereof. Offers to sel

  3. Slide 3: Outline

    Outline Presentation Financial Supplement  Executive Summary (p. 3)  Consolidated Balance Sheet (p. 17)  Overview of Results (p. 4)  Consolidated Income (p. 18)  Retail (p. 5)  Consolidated Results: Income (loss) before Income Taxes by Segment and Region (p. 19)  Asset Management (p. 6)  Ret

  4. Slide 4: Executive summary

    Executive summary Highlights Income before income taxes FY2014/15 1Q – 3Q Group (billions of yen)  Income before income taxes and net income close to strong results in same period last year – Net revenue: Y1,169.7bn; Income before income taxes: Y241.8bn; Net income1: Y142.8bn; ROE2: +57% 113.2 116.

  5. Slide 5: Overview of Results

    Overview of Results Results for Nine Months Quarterly Result Ended December 31 Key Points FY2013/ Retail FY2014/15 FY2013/’14 FY2014/’15  Net revenue: Y128.8bn (billions of yen) 2014 QoQ YoY YoY 1Q-3Q 1Q-3Q (+9% QoQ; +1% YoY) (billions of dollar) 3Q 2Q 3Q 425.0 1,169.7  Income before income taxes:

  6. Slide 6: Retail

    Retail Net Revenue and Income before Income Taxes Key Points (billions of yen)  Net revenue and income before income taxes both up QoQ; Income before FY2013/14 FY2014/15 income taxes at highest level since June 2013 (billions of dollar) QoQ YoY 3Q 4Q 1Q 2Q 3Q − Sales of stock remained strong amid b

  7. Slide 7: Asset Management

    Asset Management Net Revenue and Income before Income Taxes Key Points (billions of yen) FY2013/14 FY2014/15  AuM at record high on continued inflows into investment trusts including (billions of dollar) QoQ YoY products for discretionary investments 3Q 4Q 1Q 2Q 3Q  Highest income before income ta

  8. Slide 8: Wholesale

    Wholesale Net Revenue and Income before Income Taxes Key Points (billions of yen) FY2013/14 FY2014/15 (billions of dollar) QoQ YoY  Net revenue: Y178.9bn (-6% QoQ; -5% YoY) 3Q 4Q 1Q 2Q 3Q  Income before income taxes: Y0.5bn (-98% QoQ; -98% YoY) 149.7 Global Markets 158.0 166.8 166.6 168.1 -11% -5%

  9. Slide 9: Wholesale: Global Markets and Investment Banking

    Wholesale: Global Markets and Investment Banking Net Revenue: Global Markets Net Revenue: Investment Banking Investment Banking (gross) (billions of yen) (billions of yen) Equities 35.9 55.4 43.2 40.7 52.7 QoQ Fixed Income Investment banking (net) Other -11% QoQ 166.8 166.6 168.1 158.0 149.7 YoY 31.

  10. Slide 10: Non-interest expenses

    Non-interest expenses Full year Quarter Key points (billions of yen) (billions of yen)  Non-interest expenses: Y308.9bn Other 400 (+3% QoQ) 1,575.9 Business development 1,500 319.2 308.9 – Increase mainly due to yen depreciation 301.4 299.8 expenses 292.5 300 Occupancy and 1,195.5 related depreciat

  11. Slide 11: Robust financial position

    Robust financial position Balance sheet related indicators and capital ratios Risk weighted assets3 and Tier 1 ratio (trillions of yen) RWA (Basel 3) (lhs) Tier 1 ratio (Basel 3) (rhs) Mar Sep Dec 20.0 20.0% Y44.1trn  Total assets Y43.5trn Y43.8trn ($368bn) 15.0 13.2% 13.1% 12.7% 12.5% 15.0% 12.0%

  12. Slide 12: Funding and Liquidity

    Funding and Liquidity Balance sheet (As of Dec 2014) Funding Profile Balance Sheet Structure Assets Liabilities and equity  Conservative Funding Profile  Highly liquid, healthy balance sheet structure – More than 80% of unsecured funding2 – 83% of assets are highly liquid is long-term debt trading

  13. Slide 13: Debt Profile

    Debt Profile  Robust structure: More than 80% of long-term debt is comprised of unsecured funding  Funding sources are diversified among the following three markets to mitigate refinance risk:  Bank Lending Market: Funding mainly from Japanese relationship banks  Wholesale Market: Access to the

  14. Slide 14: Liquidity Portfolio

    Liquidity Portfolio  The firm’s liquidity portfolio1 was approximately JPY6.4 trillion (USD 53bn) as of December 31, 2014 and is measured on the basis of an established liquidity management framework  The liquidity portfolio is primarily comprised of highly liquid G4 government bonds, is diversifi

  15. Slide 15: Credit Ratings

    Credit Ratings Standard & Moody’s Fitch Rating and Japan Credit As of January 29, 2015 Poor’s Investment Rating Agency Information Nomura Holdings, Inc. Long-term BBB+ Baa1 A- A+ AA- Short-term A-2 - F1 a-1 - Outlook stable Stable Stable stable stable Nomura Securities Co., Ltd. Long-term A- A3 A- A

  16. Slide 16: Financial Supplement

    Financial Supplement

  17. Slide 17: Consolidated Balance Sheet

    Consolidated Balance Sheet Millions of yen Millions of yen March 31, December 31, March 31, December 31, Increase/(Decrease) Increase/(Decrease) 2014 2014 2014 2014 ASSETS LIABILITIES AND EQUITY Cash and cash deposits: Short-term borrowings 602,131 577,541 (24,590) Cash and cash equivalents 1,489,79

  18. Slide 18: Consolidated income

    Consolidated income Full year Quarter (billions of yen) FY2013/14 FY2014/15 FY2012/13 FY2013/14 3Q 4Q 1Q 2Q 3Q Revenue Commissions 359.1 474.6 121.4 89.9 96.3 112.1 125.9 Fees from investment banking 62.4 91.3 15.8 27.2 19.8 20.6 28.8 Asset management and portfolio service fees 141.0 167.2 42.1 42.1

  19. Slide 19: Consolidated results: Income (loss) before income taxes by segment and region

    Consolidated results: Income (loss) before income taxes by segment and region Adjustment of consolidated results and segment results: Income (loss) before income taxes Full year Quarter (billions of yen) FY2013/14 FY2014/15 FY2012/13 FY2013/14 3Q 4Q 1Q 2Q 3Q Retail 100.6 192.0 47.7 23.3 31.6 38.9 50

  20. Slide 20: Retail related data

    Retail related data Full year Quarter (billions of yen) FY2013/14 FY2014/15 FY2012/13 FY2013/14 QoQ YoY 3Q 4Q 1Q 2Q 3Q Commissions 225.9 301.7 78.3 46.5 56.1 68.8 72.2 4.9% -7.9% Sales credit 80.9 106.1 25.7 26.4 25.0 25.9 30.0 15.6% 16.6% Fees from investment banking and other 36.8 40.3 8.0 9.1 9.1

  21. Slide 21: Segment "Other"

    Segment “Other” Income (loss) before income taxes Full year Quarter (billions of yen) 50.0 44.8 40.0 34.2 30.0 20.0 20.0 10.0 6.6 2.6 2.5 0.0 -10.0 -3.7 1 2 1 2 3 4 5 FY2013/14 FY2014/15 FY2012/13 FY2013/14 3Q 4Q 1Q 2Q 3Q Net gain related to economic 1.0 17.4 5.2 6.5 6.9 2.2 6.4 hedging transactions

  22. Slide 22: Value at risk

    Value at risk  Definition  From April 1, 2014 to December 31, 2014 (billions of yen) − 99% confidence level − Maximum: 9.8 − 1-day time horizon for outstanding portfolio − Minimum: 3.1 − Inter-product price fluctuations considered − Average: 6.5 (billions of yen) FY2012/13 FY2013/14 FY2013/14 FY20

  23. Slide 23: Number of employees

    Number of employees FY2012/13 FY2013/14 FY2013/14 FY2014/15 Mar Mar Dec Mar Jun Sep Dec Japan (excluding FA) 14,123 14,149 14,308 14,149 14,559 14,391 14,290 Japan (FA) 1,907 1,888 1,918 1,888 1,889 1,853 1,853 Europe 3,618 3,461 3,456 3,461 3,481 3,530 3,539 Americas 2,271 2,281 2,248 2,281 2,335 2

  24. Slide 24: Nomura Holdings, Inc.

    Nomura Holdings, Inc. www.nomura.com

Nomura Holdings — Debt Investor Presentation (January 2015) on 6ix