State Street Corporation · NYSE:STT
State Street — RBC Capital Markets Global Financial Institutions Conference 2025
12 slides from State Street's conference presentation, Mar 5, 2025
Slide 1: Yie-Hsin Hung and Mark Keating, State Street, March 5, 2025
Yie-Hsin Hung Chief Executive Officer, State Street Global Advisors Mark Keating Interim Chief Financial Officer, State Street Corporation NYSE: STT March 5, 2025 1
Slide 2: SSGA is a high-margin, capital-light, fee-based business generating meaningful revenues across the firm
SSGA is a high-margin, capital-light, fee-based business generating meaningful revenues across the firm State Street Global Advisors Key synergies: #4 global asset manager with $4.7T in AUM1 ➢ State Street Alpha® client #3 global index manager2 ➢ Manages #3 ETF manager worldwide with $1.6T in AUM3 ~
Slide 3: Strong organic net new asset growth has contributed to higher revenues and margin expansion
Strong organic net new asset growth has contributed to higher revenues and margin expansion Total revenue ($B) Assets under management ($T) As a % AUM growth drives both Management and Servicing Fee revenue 16% 17% 18% of STT +9% +16% CAGR (%) CAGR (%) $2.3 $4.7 $2.0 $2.1 $4.1 $3.5 2022 2023 2024 20
Slide 4: Strategic efforts aimed at attractive, high-growth areas
Strategic efforts aimed at attractive, high-growth areas 7 SSGA Industry AUM Key focus 8 Category 2024 2022 – 2024 5-Year CAGR (Est. 2023 – 2028) area by: 6 AUM CAGR 0% 10% 20% Product ETFs ~$1.6T +24% ~$11T 9 ~$60T Region Non-U.S. ~$1.2T +16% Distribution ~$52T Wealth ~$1.2T +23% channel Asset ~$34
Slide 5: Organic net new assets highlights how SSGA is effectively leveraging focus areas for growth
Organic net new assets highlights how SSGA is effectively leveraging focus areas for growth 10 2023 & 2024 organic net new assets by focus area Distribution Product Region Asset class channel $197B $93B $141B $47B 72% Wealth & 9 Non-U.S. Wealth Fixed income 28% Institutional 18% 25% 36% 41% 46% 54%
Slide 6: Strategic partnerships will fuel new product and distribution capabilities
Strategic partnerships will fuel new product and distribution capabilities New product partnerships Strategic wealth partnerships Private Markets Digital Assets Global Defined Contribution U.S. Wealth Liquid Alternatives Personalized Retirement European Wealth Australian Wealth Income Innovative par
Slide 7: Powerful franchise, delivering results, positioned for growth
• Global asset management franchise with leading market positions creates a strong Powerful foundation for future growth franchise • Essential partner and key growth driver for State Street Delivering • Improved organic growth profile driven by sharpened strategy and business organization results •
Slide 8: Yie-Hsin Hung, Mark Keating, Gerard Cassidy
Yie-Hsin Hung Mark Keating Gerard Cassidy 8
Slide 9: Endnotes, Forward-looking statements, Definitions
Endnotes 10 Forward-looking statements 11 Definitions 12 9
Slide 10: Endnotes
1. #4 global asset manager. Source: Pensions & Investments as of December 31, 2023 (printed as of June 2024). 2024 version will not be available until Summer 2025. AUM of $4.7T as of December 31, 2024. 2. #3 global index manager. Source: Pensions & Investments as of December 31, 2023 (printed as of
Slide 11: Forward-looking statements
This Presentation contains forward-looking statements within the meaning of United States securities laws, including statements about our goals and expectations regarding our strategy, growth and sales prospects, capital management, business, financial and capital condition, results of operations, t
Slide 12: Definitions
AUM Assets under management CAGR Compound annual growth rate ETF Exchange-traded fund FY Full-year GAAP Generally accepted accounting principles in the United States Net new assets Inflows net of outflows, excluding market/foreign exchange impact NYSE New York Stock Exchange Organic growth Net new a
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