Goldman Sachs Inflation Protected Securities Fund Class R6 · NASDAQ:GSRUX

Goldman Sachs Inflation Protected Securities Fund Class R6 — The Goldman Sachs Group — Investor Day (February 2023)

21 slides from Goldman Sachs Inflation Protected Securities Fund Class R6's investor day presentation, February 2023

  1. Slide 1: Global Banking & Markets

    Global Banking & Markets Dan Dees Co-head of Global Banking & Markets February 2023

  2. Slide 2: Preeminent Global Banking & Markets Franchise

    INVESTOR DAY 2023 GLOBAL BANKING & MARKETS 1 Preeminent Global Banking & Markets Franchise Integration of #1 Investment Bank1 with leading FICC and Equities franchises $32bn $14bn 16.4% Leading market positions Net revenues2 Pre-tax profit2 ROE2 Global, broad, and deep World-class brand Highly exper

  3. Slide 3: Global Banking & Markets Evolution

    INVESTOR DAY 2023 GLOBAL BANKING & MARKETS 2 Global Banking & Markets Evolution Three important changes to the business since Investor Day 2020 1 2 3 Strengthened Increased durability Raised return profile client franchise of revenues

  4. Slide 4: Global Banking & Markets Evolution: Strengthened client franchise

    INVESTOR DAY 2023 GLOBAL BANKING & MARKETS 3 Global Banking & Markets Evolution Three important changes to the business since Investor Day 2020 1 2 3 Strengthened Increased durability Raised return profile client franchise of revenues

  5. Slide 5: Strengthened Client Franchise: FICC and Equities

    INVESTOR DAY 2023 GLOBAL BANKING & MARKETS 4 Strengthened Client Franchise FICC and Equities GS as Top 3 provider to Top 1001 51 77 +370bps in 2019 in 2022 Global Banking & Markets revenue wallet share2 since Investor Day 2020 Investment Banking Expanded footprint to 12k+ clients

  6. Slide 6: Strengthened Client Franchise: FICC and Equities

    INVESTOR DAY 2023 GLOBAL BANKING & MARKETS 5 Strengthened Client Franchise FICC and Equities Top 100 clients Actions What’s next? Large, growing, and Establish framework 1 Expand to top 150 more recurring Assign ownership Identify issues, close gaps 2 Move from “Top 3” to “Top 1” or “Top 2” Increasi

  7. Slide 7: Strengthened Client Franchise: Investment Banking

    INVESTOR DAY 2023 GLOBAL BANKING & MARKETS 6 Strengthened Client Franchise Investment Banking What’s next? 1 Optimize coverage 12k+ clients, up ~3k Executed expanded footprint1 #1 for 20 years Advisory revenue share2 2 Drive wallet share gains $13bn ($3bn+ more than #2) Advisory revenues over last t

  8. Slide 8: Greater Opportunity Through Collaboration: Alternative Asset Managers

    INVESTOR DAY 2023 GLOBAL BANKING & MARKETS 7 Greater Opportunity Through Global Banking & Markets Collaboration Client Case Study: Alternative Asset Managers Huge and growing client base Industry dynamics Global Alternatives AUM ($tn)1 1 Secular growth opportunity $23 $15 $6 2 Transactional capital

  9. Slide 9: Greater Opportunity Through Collaboration (cont'd)

    INVESTOR DAY 2023 GLOBAL BANKING & MARKETS 8 Greater Opportunity Through Global Banking & Markets Collaboration (cont’d) Client Case Study: Alternative Asset Managers Coordinate coverage C-suite to Origination, Customize Every 100bps Portfolio Manager structuring, solutions distribution of wallet sh

  10. Slide 10: Global Banking & Markets Evolution: Increased durability of revenues

    INVESTOR DAY 2023 GLOBAL BANKING & MARKETS 9 Global Banking & Markets Evolution Three important changes to the business since Investor Day 2020 1 2 3 Strengthened Increased durability Raised return profile client franchise of revenues

  11. Slide 11: Continued Disciplined Growth in Financing

    INVESTOR DAY 2023 GLOBAL BANKING & MARKETS 10 Continued Disciplined Growth in Financing Financing: strategic priority for GBM Financing revenues ($bn) 1 Client demand Equities financing FICC financing 12% 22% of total revenues of total revenues 2 Growth at attractive returns $7.1 $2.8 $2.6 3 Increas

  12. Slide 12: Increased Durability of Revenues

    INVESTOR DAY 2023 GLOBAL BANKING & MARKETS 11 Increased Durability of Global Banking & Markets Revenues Growth in Outperformance of Diversification financing revenues our people / franchise effects of the business portfolio

  13. Slide 13: Increased Durability of Revenues (cont'd)

    INVESTOR DAY 2023 GLOBAL BANKING & MARKETS 12 Increased Durability of Global Banking & Markets Revenues (cont’d) Global Banking & Markets revenues FICC intermediation 2013 2014 2015 2016 2017 2018 2019

  14. Slide 14: Increased Durability of Revenues (cont'd)

    INVESTOR DAY 2023 GLOBAL BANKING & MARKETS 13 Increased Durability of Global Banking & Markets Revenues (cont’d) Global Banking & Markets revenues Underwriting 2013 2014 2015 2016 2017 2018 2019

  15. Slide 15: Increased Durability of Revenues (cont'd)

    INVESTOR DAY 2023 GLOBAL BANKING & MARKETS 14 Increased Durability of Global Banking & Markets Revenues (cont’d) Global Banking & Markets revenues ($bn) FICC intermediation Underwriting Remaining GBM $23 $23 $22 $22 $22 Average: $21 $20 ~$22bn 2013 2014 2015 2016 2017 2018 2019

  16. Slide 16: Increased Durability of Revenues (cont'd)

    INVESTOR DAY 2023 GLOBAL BANKING & MARKETS 15 Increased Durability of Global Banking & Markets Revenues (cont’d) Global Banking & Markets revenues ($bn) Wallet share gains vs 20191 Financing gains vs 2019 Remaining GBM Raising the floor $37 $32 $30 $22 $1 $3 $2 $3 $3 2019 2020 2021 2022

  17. Slide 17: Global Banking & Markets Evolution: Raised return profile

    INVESTOR DAY 2023 GLOBAL BANKING & MARKETS 16 Global Banking & Markets Evolution Three important changes to the business since Investor Day 2020 1 2 3 Strengthened Increased durability Raised return profile client franchise of revenues

  18. Slide 18: Higher Return Profile

    INVESTOR DAY 2023 GLOBAL BANKING & MARKETS 17 Higher Return Profile Key drivers of increased returns GBM ROE (%) Increased revenue / wallet share gains GS Peer average1 Leading peer1 16.4% Business mix improvement 15.2% 14.0% 13.1% 12.6% ~200bps impact of litigation 8.6% Cost reduction Improved capi

  19. Slide 19: Preeminent Global Banking & Markets Franchise

    INVESTOR DAY 2023 GLOBAL BANKING & MARKETS 18 Preeminent Global Banking & Markets Franchise Leading market positions and client franchise More durable revenues Best-in-class intermediation Raising the floor Enhanced wallet shares More durable returns Improving business mix with growth in financing C

  20. Slide 20: End Notes

    INVESTOR DAY 2023 GLOBAL BANKING & MARKETS 19 End Notes These notes refer to the financial metrics and/or defined terms presented Slide 7: on: 1. AUM data via Preqin 2. Sources: Coalition Greenwich 1H22 Institutional Client Analytics Slide 1: Global Markets, GS ranks Top 3 for alternative asset mana

  21. Slide 21: Cautionary Note on Forward Looking Statements

    INVESTOR DAY 2023 GLOBAL BANKING & MARKETS 20 Cautionary Note on Forward Looking Statements Statements about the firm’s target metrics, including its target ROE, ROTE, applicable to the firm and are subject to the risk that the firm’s actual escalate and expand, that sanctions may increase and that

The Goldman Sachs Group — Investor Day (February 2023) on 6ix