Citigroup, Inc. · NYSE:C
Citigroup — Debt Investor Presentation (April 2006)
14 slides from Citigroup's debt investor presentation, April 2006
Slide 1: Merrill Lynch Maple Bond Conference
Merrill Lynch Maple Bond Conference April 2006
Slide 2: This is Citigroup
This is Citigroup CITIGROUP Corporate & Investment Global Consumer Global Wealth Alternative Banking Group Management Investments Capital Markets Investment Proprietary & Banking Retail Banking Investments Research Global Transaction Cards Smith Barney Client Assets Services Consumer Finance Private
Slide 3: Legal Vehicle Structure
Legal Vehicle Structure Ratings are Moody’s/S&P/Fitch Citigroup Inc. (Aa1/AA-/AA+) Primerica Citicorp Citicorp Citicorp Citibank Citibank Life CGMHI & North (Mexico) Citigroup Citicorp Citibank Citibank Citibank, Banking (Nevada), (West) Insurance Subsidiaries America, Holdings Funding Inc. Holdings
Slide 4: First Quarter 2006 Highlights
First Quarter 2006 Highlights Record Record Net Net Income Income from from Cont. Cont. Ops. Ops. of of $5.6B $5.6B Diluted Diluted EPS EPS of of $1.12; $1.12; Cont. Cont. Ops. Ops. of of $1.11, $1.11, up up 13% 13% Return Return on on Common Common Equity Equity of of 20.3% 20.3% International Inte
Slide 5: First Quarter 2006 Income
First Quarter 2006 Income ($MM, except EPS) Corporate & 1Q’06 1Q’05 U Investment 34% Banking Global Consumer $3,073 $2,843 8% Global Corp. & Inv. Banking 1,929 1,679 15% Consumer Global 55% 5% Wealth Global Wealth Mgmt. 287 319 (10)% 6% Management Alternative Alternative Invest. 353 362 (2)% Investm
Slide 6: Credit Quality
Credit Quality NCLs as a % of Average Loans Consumer (1) Corporate 5.82% 1.72% 1.29% 0.73% 2.81%International Consumer 2.50% 2.48% 2.37% 2.35% 2.41% 2.18% 2.12% 2.44% 2.15% 2.36% (0.07)% (0.06)% (0.10)% 2.17% 2.16% 1.79% 1.76% 1.88%1.71% (0.08)% (0.02)% (0.34)% 1.61% (0.08)% 1.50%1.45% U.S. Consumer
Slide 7: Balance Sheet – Key Ratios
Balance Sheet – Key Ratios 1Q03 1Q’06 (1) 1Q’05 Return on Common Equity ($B) Total Stockholders’ Equity and Trust Preferred Securities $120.6 $116.9 22.3% 20.3% 20.3% Tier I Capital Ratio 8.5% 8.8% 17.0% Total Capital Ratio 11.7% 12.0% GAAP Assets $1,586.2 $1,489.9 Stable Ratios 2002 2003 2004 2005
Slide 8: Approach to Markets
Approach to Markets BENCHMARK ISSUER Policies & Guidelines Strong Syndicate Integrated Capital Investor Relations Planning Carefully Tracked Strong Ratings Valuation Defined Targets Diversification 7
Slide 9: Liquidity Profile
Liquidity Profile $107.6B Outstanding Debt Total Outstanding ($B) and 15 Remaining Average Life (Years) 110 8 non-USD 6.9 3.0 6.8 7 USD 6.5 100 5.7 6 10 90 4.9 2.9 4.5 5 2.9 6.1 0.6 2.3 80 4 2.8 9.9 11.6 2.0 3 5 2.4 70 8.1 8.0 2 7.5 7.3 6.1 2.5 5.3 60 2.3 4.6 1 3.8 1.3 1.7 1.7 1.0 50 0 0 0.1 2006 20
Slide 10: 2006 Borrowings
2006 Borrowings ($MM) 4,000 CAD JPY 2006 Issuance Plan 142 HKD CHF 587 Total: $25-30 Bn AUD 3,000 GBP WAM: 7.5 years EUR Non-USD: 50% 913 USD 228 2,000 220 YTD Issuance 2,500 1,000 2,000 1,809 Total: $9.8 Bn WAM: 8.62 years 870 Non-USD: 54.2% 215 348 0 3 Yr 4 Yr 5 Yr 7 Yr 10 Yr 20 Yr 25 Yr 30 Yr Rem
Slide 11: Citigroup in the Canadian Market
Citigroup in the Canadian Market Citigroup Inc. Maple Bond Program initiated in 2005 Focused approach designed to ensure coordination with Citigroup Finance Canada and optimize use the of C$ market September 2005: C$ 500MM 17nc12 subordinated Capital efficient structure Established new subordinated
Slide 12: Features of the Canadian Market
Features of the Canadian Market Exempt list Investor Roadshow Schedule Pricing Conventions Interpolated GoC curve Forward start benefit assigned to investors Documentation Private placement wrap Rating Agencies: DBRS 11
Slide 13: Forward-looking statements
Certain Certainstatements statementsininthis thisdocument documentare are“forward-looking “forward-looking statements” statements”within withinthe themeaning meaningof ofthe thePrivate PrivateSecurities SecuritiesLitigation Litigation Reform ReformAct. Act. These Thesestatements statementsare arebas
Slide 14: Merrill Lynch Maple Bond Conference
Merrill Lynch Maple Bond Conference April 2006