Morgan Stanley · NYSE:MS
Morgan Stanley — Debt Investor Presentation (November 2019)
9 slides from Morgan Stanley's debt investor presentation, Nov 13, 2019
Slide 1: Morgan Stanley Fixed Income Investor Presentation
Morgan Stanley Fixed Income Investor Presentation November 13, 2019
Slide 2: Notice
Notice The information provided in this presentation 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 (‘Form 10-K’), Definitive Proxy Statement, Quarterly Reports on Form 10-Q
Slide 3: Strong Capital Position
Strong Capital Position Common Equity ($Bn) Net Income(2) ($Bn) 71.7 73.9 8.7 67.7 68.5 68.9 6.8 6.1 6.0 6.1 Common Tangible 62.9 64.5 Equity Common 58.1 59.2 59.8 Equity(1) 2015 2016 2017 2018 3Q19 2015 2016 2017 2018 2019 YTD Fully Phased-In U.S. Supplementary Leverage Ratio (%)(3)(4) Fully Phased
Slide 4: Diversified and Durable Funding Mix
Diversified and Durable Funding Mix Morgan Stanley Core Funding Core Funding Overview ($Bn) Shareholders’ Deposits Total GAAP 787 815 852 854 903 Equity Assets: • Primarily sourced from Wealth Management • Strong capital base clients 159 188 181 • Common stock • Further diversification 156 supplemen
Slide 5: Unsecured Borrowings: Diversified Funding Structure
Unsecured Borrowings: Diversified Funding Structure Unsecured Debt Issuance and Maturities(1) 2015-2019 YTD Unsecured Debt Issuance ($Bn) By Currency By Tenor 53 42 2% 5% 38 34 <3yrs 30 31 29 USD 14% 19% 28 29 10% 3-5yrs 23 EUR 5-7yrs JPY 19% 17% 21% 7-10yrs 66% GBP 7% 10-15yrs Other 20% >15yrs 2015
Slide 6: U.S. Banks: Continued Lending Growth with Diversified, Secured High Quality Loans
U.S. Banks: Continued Lending Growth with Diversified, Secured High Quality Loans(1) WM Bank Lending ($Bn) High Quality U.S. Bank Portfolio (2) 77 50 60 68 72 Secured Loan ~95% Portfolio of total loans (3) − Mortgage: 63% LTV, FICO >762 − Securities Based Lending: 42% LTV 2015 2016 2017 2018 3Q19 Se
Slide 7: Strong Liquidity Position
Strong Liquidity Position Global Liquidity Reserve High Quality Liquid Assets Period End GLR ($Bn) Average HQLA(1) ($Bn) LCR Ratio(2) 250 227 195 203 202 175 193 159 94 80 94 79 75 156 147 109 124 118 2015 2016 2017 2018 3Q19 2017 2018 3Q19 Non-bank Bank 128% 145% 140% GLR Composition (%) HQLA Compo
Slide 8: End Notes
End Notes These notes refer to the financial metrics presented on Slide 3. 1. Tangible Common Equity (‘TCE’) equals common equity less goodwill and intangible assets net of allowable mortgage servicing rights. TCE is a non-GAAP financial measure that the Firm considers useful for analysts, investors
Slide 9: Morgan Stanley Fixed Income Investor Presentation
Morgan Stanley Fixed Income Investor Presentation November 13, 2019
Morgan Stanley — Debt Investor Presentation (November 2019) on 6ix