Goldman Sachs Group, Inc. (the) · NYSE:GS
Goldman Sachs Group, Inc. (the) — Investor Day (January 2020)
20 slides from Goldman Sachs Group, Inc. (the)'s investor day presentation, Jan 29, 2020
Slide 1: International Strategy
International Strategy Richard Gnodde Chief Executive Officer | Goldman Sachs International January 29, 2020 0
Slide 2: Growth of International Footprint
Growth of International Footprint A Remarkable, Organic Growth Story REVENUES1 HEADCOUNT1 OFFICES1 1990 1990 1990 $0.7bn ~1,500 8 1
Slide 3: Growth of International Footprint
Growth of International Footprint A Remarkable, Organic Growth Story REVENUES1 HEADCOUNT1 OFFICES1 1990 2019 GROWTH 1990 2019 GROWTH 1990 2019 GROWTH $0.7bn ~$15bn +22x ~1,500 ~17,800 +12x 8 41 +5x 2
Slide 4: Deep International Footprint: Differentiated in Reach and Share
Deep International Footprint: Differentiated in Reach and Share The scale and breadth of our international businesses position us to better serve our clients ~40% Firmwide Revenues ($bn) ~45% Headcount Consumer & LatAm Wealth Mgmt $0.8 5% Investment Banking 16% ~40% Female Asia By $4.7 By Segment 1
Slide 5: Deliver the Firm: One Goldman Sachs
Deliver the Firm: One Goldman Sachs A Local Client Accessing Global Capabilities UHNW Clients Global Markets Financing Institutional Clients Goldman Sachs Asset Divestitures Asset Investment Advisory & Green Bond Issuance Management Banking Underwriting Strategic Advice Consumer & Wealth Sustainable
Slide 6: Deliver the Firm: One Goldman Sachs
Deliver the Firm: One Goldman Sachs A Global Client Accessing Local Capabilities Cross-border Acquisitions Corporate Restructuring Global Trusted Advisor Markets Asset Sales / Divestitures JV Formation Asset Investment Lead IPO Underwriter Management Banking Long-term Financier Bond and Loan Issuanc
Slide 7: Leading Global Investment Banking and Market Making Franchise
Leading Global Investment Banking and Market Making Franchise Enabled by our International Footprint EMEA Asia Pacific Latin America M&A #1 Investment Banking1 Equity Underwriting #2 High Yield Debt #4 FICC Global Markets2 #2 Equities Alternatives Leading Platform Asset Management GSAM Consumer & We
Slide 8: Firmwide Strategy Consistent Globally
Firmwide Strategy Consistent Globally Grow and Strengthen Diversify Our Products Operate More Existing Businesses and Services Efficiently Investment Banking client expansion Build Transaction Banking Invest in automation and digitization Grow in new geographies Grow third party Alternatives Streaml
Slide 9: Substantial and Growing Footprint in Developed Markets
Substantial and Growing Footprint in Developed Markets Continental Evolving structure of European bank balance sheets creating Europe commercial opportunities Longstanding presence in large Market share opportunities as large competitors reposition and diverse region – Goldman Sachs well positioned
Slide 10: Substantial and Growing Footprint in Developed Markets
Substantial and Growing Footprint in Developed Markets Leading international bank in well- developed and significant market Japan Engage in transformational Japan is one of the highest domestic transactions, as well as cross-divisional focus on revenue contributors in the Alternatives products APAC
Slide 11: China: Expand Footprint Across Developing Markets
China: Expand Footprint Across Developing Markets 25+ Years $10bn Invested #1 Foreign Firm GS China Onshore in China in China Background Established in 1994 in Equity and M&A1 Principal Investments over the last 25 years2 Shifting Rebalancing of Funding Structural $100bn+ Acceleration of Capital Cha
Slide 12: Alternative Investment Platform Operating at Scale
Alternative Investment Platform Operating at Scale >400 >50% Investment professionals of 3rd party capital1 raised based across 18 countries outside the U.S. from international investors ~$110bn of alternative assets internationally ~35% >$20bn of alternative assets invested of global alternative as
Slide 13: Alternative Investment Platform
Alternative Investment Platform Private Equity Real Estate Private Credit Infrastructure Well-diversified portfolio and pipeline of alternative investments with track record of delivering strong returns 12
Slide 14: Alternative Investment Platform to Scale Further
Alternative Investment Platform to Scale Further ~$100bn Alternatives Net Inflows Global Long-term Target1 Our international franchise will be a critical contributor in achieving our firmwide targets 13
Slide 15: Unique Wealth Management Capabilities with Room to Increase Share
Unique Wealth Management Capabilities with Room to Increase Share Medium-term Expectations Global UHNW Investable Assets ($tn)1 Goal to hire ~250 new Private Wealth Advisors globally <1% ~1% $9 $8 ~$26tn +50% EMEA Global +50% APAC Assets $9 ~7% Advisor growth to achieve scale in key geographies: C
Slide 16: Key Takeaways
Key Takeaways Continue to grow Scale Alternatives and Operating longstanding Wealth Management Efficiency franchises Businesses Focus on fundraising to scale our Maintain leading position and Continue to improve efficiency in third party alternative assets under strengthen our footprint in Europe, l
Slide 17: International Strategy
International Strategy Richard Gnodde Chief Executive Officer | Goldman Sachs International January 29, 2020 16
Slide 18: End Notes
End Notes These notes refer to the financial metrics and/or defined term presented on: Slide 1: 1. Excludes the U.S. and Canada from total international figures Slide 2: 1. Excludes the U.S. and Canada from total international figures Slide 3: 1. International revenues by segment and pre-tax margin
Slide 19: End Notes
End Notes Slide 12: Note: Third-party brands used in this presentation are the property of their respective owners and are not intended to imply an affiliation with or endorsement of GS or its products/services Slide 13: 1. Growth shown net of realizations Slide 14: 1. Represents global personal fin
Slide 20: Cautionary Note on Forward-Looking Statements
Cautionary Note on Forward-Looking Statements Statements about the firm’s target metrics, including its target ROE, ROTE, efficiency ratio and CET1 capital ratios, and how they can be achieved, and statements about future operating expense (including future litigation expense), amount and compositio