Pnc Financial Services Group, Inc. (the) · NYSE:PNC
Pnc Financial Services Group, Inc. (the) — Shareholder Meeting (April 2010)
17 slides from Pnc Financial Services Group, Inc. (the)'s shareholder meeting presentation, Apr 27, 2010
Slide 1: The PNC Financial Services Group, Inc. Annual Meeting of Shareholders
Exhibit 99.1 The PNC Financial Services Group, Inc. Annual Meeting of Shareholders April 27, 2010
Slide 2: James E. Rohr, Chairman and Chief Executive Officer
James E. Rohr Chairman and Chief Executive Officer
Slide 3: Cautionary Statement Regarding Forward-Looking Information and Adjusted Information
Cautionary Statement Regarding Forward-Looking Information and Adjusted Information This presentation includes “snapshot” information about PNC used by way of illustration. It is not intended as a full business or financial review and should be viewed in the context of all of the information made av
Slide 4: Overview
Overview PNC delivered a very good year for our constituencies in a challenging environment The execution of PNC’s business model resulted in a solid 2009 financial performance PNC is well-positioned for an economic recovery PNC is off to a good start in 2010 PNC Continues to Build a Great Company.
Slide 5: 2009 Performance Summary
2009 Performance Summary Execution of the PNC business model delivered strong financial results – net income of $2.4 billion Well-positioned balance sheet at year end with an improved risk profile, increased loan loss reserves, more liquidity and more capital Strong revenue performance and disciplin
Slide 6: A Larger and More Powerful Franchise
A Larger and More Powerful Franchise 1 Dec. 31, 2009 U.S. Rank th Deposits $187 billion 5 th Assets $270 billion 8 th Branches 2,512 5 CO KS th ATMs 6,473 5 OK Asset Management TX One of the largest bank-held asset managers in the U.S. Retail Corporate & Institutional Footprint covering nearly 1/3 o
Slide 7: Strong Relative Stock Performance
Strong Relative Stock Performance Comparison of cumulative 5-year total return $150 $125 $100 $75 PNC S&P 500 Index 1 X Peer Group $50 S&P 500 Banks $25 2004 2005 2006 2007 2008 2009 December 31 (1) Peer group represents BBT, BAC, COF, CMA, FITB, JPM, KEY, MTB, PNC, RF, STI, USB and WFC. 7
Slide 8: Integration Ahead of Our Original Schedule
Integration Ahead of Our Original Schedule Highlights Remaining conversion Almost 2 million hours June 2010 of conversion training conducted More than 4 million customers converted Over 1,000 branches changed to PNC Bank 8
Slide 9: Substantial 1Q10 Achievements
Substantial 1Q10 Achievements Successfully delivered on key strategic objectives while executing the PNC business model Delivered strong financial results - Well-diversified revenue - Disciplined expense management - Improved credit costs Business segments performed well; continued to grow clients a
Slide 10: Summary
Summary The execution of our business model resulted in a strong 2009 performance Our earnings capacity is expected to deliver a solid 2010 financial performance We are well-positioned to deliver significant shareholder value PNC Continues to Build a Great Company. 10
Slide 11: Cautionary Statement Regarding Forward-Looking Information
Cautionary Statement Regarding Forward-Looking Information Appendix This presentation includes “snapshot” information about PNC used by way of illustration and is not intended as a full business or financial review. It should not be viewed in isolation but rather in the context of all of the informa
Slide 12: Cautionary Statement Regarding Forward-Looking Information (continued)
Cautionary Statement Regarding Forward-Looking Information (continued) Appendix •Legal and regulatory developments could have an impact on our ability to operate our businesses or our financial condition or results of operations or our competitive position or reputation. Reputational impacts, in tur
Slide 13: Cautionary Statement Regarding Forward-Looking Information (continued)
Cautionary Statement Regarding Forward-Looking Information (continued) Appendix •Our ability to achieve anticipated results from this transaction is dependent on the state going forward of the economic and financial markets, which have been under significant stress. Specifically, we may incur more c
Slide 14: Impact of Pending Sale of PNC Global Investment Servicing
Impact of Pending Sale of 1 PNC Global Investment Servicing Estimated gain and capital enhancement (billions) Sales price $2.3 Less: Book equity / intercompany debt (1.5) Pretax gain 0.8 Income taxes (0.3) After-tax gain 0.5 Elimination of net intangible assets: Goodwill and other intangible assets
Slide 15: Risk-Based Capital Ratios
Risk-Based Capital Ratios Appendix 1 1 $s in billions Tier 1 common Tier 1 risk-based March 31, 2010 - Capital $17.6 $22.9 Ratios 7.6% 9.9% 2 Net impact of pending 2010 sale of GIS 1.6 1.6 Proforma $19.2 $24.5 Proforma ratios 8.3% 10.6% (1) Estimated. (2) Pending sale of PNC Global Investment Servic
Slide 16: Non-GAAP to GAAP Reconcilement
Non-GAAP to GAAP Reconcilement Appendix March 31, 2010 Net income Adjustments, Income taxes attributable to Diluted EPS from For the three months ended, in millions except per share data pretax (benefit) 1 Net income common shareholders net income Net income, as reported $671 $333 $.66 Adjustments:
Slide 17: Non-GAAP to GAAP Reconcilement
Non-GAAP to GAAP Reconcilement Appendix December 31, 2008 Income taxes 1 For the three months ended, in millions Pretax (benefit) Net income Reported net income (loss) ($246) Conforming provision for credit losses - National City $504 ($176) 328 Net income excluding conforming provision for credit $
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