Morgan Stanley · NYSE:MS
Morgan Stanley — Bernstein Strategic Decisions Conference 2019
11 slides from Morgan Stanley's conference presentation, May 30, 2019
Slide 1: Bernstein Strategic Decisions Conference
Bernstein Strategic Decisions Conference Ted Pick, Head of Institutional Securities May 30, 2019
Slide 2: Notice
Notice The information provided herein includes certain non-GAAP financial measures. The definition of such measures and/or the reconciliation of such measures to the comparable U.S. GAAP figures are included in this presentation, or in the Company’s Annual Report on Form 10-K, Definitive Proxy Stat
Slide 3: Institutional Securities: Managing to the Bigger Box
Institutional Securities: Managing to the Bigger Box Americas EMEA Asia-Pacific Investment Experienced and Connected Banking Management Equity Disciplined Risk and Resource Sales & Trading Management Fixed Income Leading Technology Sales & Trading Platform 3
Slide 4: Focus on Clients Drove Increased Wallet Share and More Stable Equity Revenue
Focus on Clients Drove Increased Wallet Share and More Stable Equity Sales & Trading Revenue… Equity Sales & Trading Revenues ex. DVA(1) ($Bn) Industry Wallet ex. DVA(2) ($Bn) Wallet Share(3) (%) 21% 21% 20% 9.0 18% 17% 8.1 8.0 8.0 6.9 45 43 41 40 38 51% 46% 46% 47% 46% 2014 2015 2016 2017 2018 2014
Slide 5: Approach Grew Fixed Income Share in a Shrinking Wallet
…Approach Grew Fixed Income Share in a Shrinking Wallet Fixed Income Sales & Trading Revenues ex. DVA(1) ($Bn) Industry Wallet ex. DVA(2) ($Bn) Wallet Share(3) (%) 8% 9% 7% 8% 6% 5.1 5.0 4.9 4.3 4.3 68 68 63 60 58 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 Refer to the End Notes for definitio
Slide 6: Investment Banking Franchise on Solid Footing
Investment Banking Franchise on Solid Footing Advisory Equity Underwriting Debt Underwriting Revenues ($Bn) Revenues ($Bn) Revenues ($Bn) 18% 16% 14% 14% 2.4 10% 10% 2.0 1.9 1.7 1.6 1.6 2014 2018 2014 2018 2014 2018 12 15 12 10 20 19 Industry Wallet(1) ($Bn) Industry Wallet(1) ($Bn) Industry Wallet(
Slide 7: Institutional Securities Going Forward
Institutional Securities Going Forward Integrated Investment Bank Fixed Income Equity Sales & Trading Investment Banking Sales & Trading Drive wallet optimizing ‘Offensive defense’: grow ‘Defensive offense’: coverage and product leading wallet share deliver credible footprint footprint 1 2 Deliverin
Slide 8: Global Presence: Asia Snapshot
1 Global Presence: Asia Snapshot Global Opportunities Remain to Drive the Next Phase of Growth with Asia in Focus We Have Been Globally … While Witnessing Strong …And Enhancing Our Presence Diversified… Growth in Asia... in Japan 2018 Institutional Securities IPO Volumes(2) ($Bn) Improvement in Leag
Slide 9: Delivering One Firm to Our Clients
2 Delivering One Firm to Our Clients Institutional Securities Investment Management Wealth Management 9
Slide 10: End Notes
End Notes These notes refer to Slide 4. 1. Equity Sales & Trading net revenues exclude for 2014, the positive impact from Debt Valuation Adjustment (“DVA”) of $232 million; for 2015, the positive impact from DVA of $163 million. DVA represents the change in fair value resulting from fluctuations in
Slide 11: Bernstein Strategic Decisions Conference
Bernstein Strategic Decisions Conference Ted Pick, Head of Institutional Securities May 30, 2019
Morgan Stanley — Bernstein Strategic Decisions Conference 2019 on 6ix