State Street Corporation · NYSE:STT
State Street — Corporate Update (October 2011)
9 slides from State Street's corporate update, Oct 18, 2011
Slide 1: Update of the Business Operations and Information Technology Transformation Program
Update of the Business Operations and Information Technology Transformation Program October 18, 2011
Slide 2: Forward-Looking Statements
Forward-Looking Statements Other Placeholder: This presentation contains forward-looking statements as defined by United States securities laws, including statements relating to our financial, operational, strategic, commercial, technological and other goals and expectations regarding our Business O
Slide 3: Program Overview: 2011-2014 Goals
Update of the Business Operations and Information Technology Transformation Program Program Overview* 2011 – 2014 Goals Position the company for accelerated growth Achieve estimated annual pre-tax run-rate expense savings of $575MN to $625MN by the end of 2014 for full effect in 2015 Achieve, by the
Slide 4: Financial Profile of Program
Update of the Business Operations and Information Technology Transformation Program Financial Profile of Program 2011 – 2014 Expected Net Benefit To achieve estimated annual pre-tax, run-rate expense savings of $575MN to $625MN by the end of 2014 for full effect in 2015* Estimated Annual Pre-Tax, Ru
Slide 5: Planned Business Operations Transformation Component Drivers
Update of the Business Operations and Information Technology Transformation Program Planned Business Operations Transformation Component Drivers Goal: Achieve Annual Pre-Tax, Run-Rate Expense Savings of $440MN by the End of 2014* Estimated % of Savings Process Transformation and Standardization Use
Slide 6: Planned Information Technology Transformation Component Drivers
Update of the Business Operations and Information Technology Transformation Program Planned Information Technology Transformation Component Drivers Goal: Achieve Annual Pre-Tax, Run-rate Expense Savings of $160MN by the End of 2014* Estimated % of Savings New Technology Architecture Introduce new cl
Slide 7: Estimated Annual Pre-Tax, Run-Rate Expense Savings
Update of the Business Operations and Information Technology Transformation Program Estimated Annual Pre-Tax, Run-Rate Expense Savings Goal: Achieve Annual Pre-Tax, Run-Rate Expense Savings of $575MN to $625MN by the End of 2014* $MN 2011 2012 2013 2014 2015 Business Operations Transformation $150 $
Slide 8: Key Milestones Expected in 2012
Update of the Business Operations and Information Technology Transformation Program Key Milestones Expected in 2012 Other Placeholder: 14 core business operations processes are in scope Establish 2 additional global Centers of Excellence for a total of 7 overall Achieve 20% targeted automation benef
Slide 9: Appendix—Non-GAAP Financial Measures
Appendix—Non-GAAP Financial Measures October 18, 2011 Other Placeholder: This presentation includes financial information presented on an operating basis. Operating-basis financial information is a non-GAAP presentation. Management measures and compares certain financial information on an operating