Nomura Holdings, Inc. · TSE:8604
Nomura — Debt Investor Presentation (July 2015)
26 slides from Nomura's debt investor presentation, July 2015
Slide 1: Creditor Presentation First quarter, year ending March 2016
Connecting Markets East & West Creditor Presentation First quarter, year ending March 2016 (US GAAP) Nomura Holdings, Inc. July 2015 © Nomura
Slide 2: Outline
Outline Presentation Financial Supplement Executive summary (p. 2) Consolidated balance sheet (p. 15) Overview of results (p. 3) Consolidated income (p. 16) Retail (p. 4) Consolidated results: income (loss) before income taxes by segment and region (p. 17) Asset Management (p. 5) Ret
Slide 3: Executive summary
Executive summary FY2015/16 1Q highlights Income before income taxes, net income1 Group-wide (billions of yen) Group income before income taxes at highest level since FY2014/15 3Q; All business divisions [$0.9bn] Income before 税前利益 116.1 reported strong pretax income growth YoY income taxes 105.0
Slide 4: Overview of results
Overview of results Quarter Result Key Figures (billions of yen) FY2014/15 FY2015/16 FY2014/15 Retail QoQ YoY (billions of dollars) 4Q 1Q 1Q Net revenue: Y130.7bn[$1.1bn] (+6% Net revenue 424.0 -2% 370.8 QoQ; +22% YoY) 434.5 +14% [$3.5] Income before income taxes: Y50.9bn 130.7 +6% 106.9 [$0.4bn
Slide 5: Retail
Retail Net revenue and income before income taxes Key points (billions of yen) FY2014/15 FY15/16 (billions of dollars) QoQ YoY Net revenue Y130.7bn [$1.1bn] (+6% QoQ; +22% YoY) 1Q 2Q 3Q 4Q 1Q 130.7 Income before income taxes: Y50.9bn [$0.4bn] (+24% QoQ; +61% YoY) Net revenue 106.9 117.9 128.8 12
Slide 6: Asset Management
Asset Management Net revenue and income before income taxes Key points (billions of yen) FY2014/15 FY15/16 (billions of dollars) QoQ YoY Net revenue: Y26.9bn [$0.2bn] (+13% QoQ; +15% YoY) 1Q 2Q 3Q 4Q 1Q Income before income taxes: Y11.7bn [$0.1bn] (+76% QoQ; +42% YoY) Net revenue 23.3 21.7 23.4
Slide 7: Wholesale
Wholesale Net revenue and income before income taxes Key points (billions of yen) (billions of dollars) FY2014/15 FY15/16 Net revenue: Y205.2bn [$1.7bn] (-11% QoQ; +9% YoY) QoQ YoY Income before income taxes: Y19.7bn [$0.2bn] (-63% QoQ; 3.4x YoY) 1Q 2Q 3Q 4Q 1Q 176.2 Global Markets 166.6 168.1 1
Slide 8: Wholesale: Global Markets and Investment Banking
Wholesale: Global Markets and Investment Banking Net revenue1 Net revenue Investment Banking (gross) (billions of yen) (billions of yen) Equities QoQ 43.2 40.7 52.7 57.3 49.7 [$0.4bn] 199.0 [$1.4bn] -11% Fixed Income 176.2 YoY Investment Banking (net) Other 166.6 168.1 149.7 +6% 32.4 81.7 29.2 29.0
Slide 9: Non-interest expenses
Non-interest expenses Full year Quarter Key points (billions of yen) (billions of yen) Non-interest expenses: Y318.0bn [$2.6bn] (-3% QoQ) Other 400 Non-PE declined QoQ 1,500 Business 329.6 1,257.4 319.2 318.0 development 1,195.5 299.8 308.9 Decline mostly in “Other” expenses expenses 1,200 300 −
Slide 10: Robust financial position
Robust financial position Balance sheet related indicators and capital ratios Risk weighted assets3 and Tier 1 ratio Mar 2015 Jun 2015 (trillions of yen) RWA (Basel 3) (lhs) Tier 1 ratio (Basel 3) (rhs) 20.0 20.0% Total assets Y41.8trn Y44.0trn $360bn 13.1% 12.7% 12.5% 12.9% 13.5% 13.0% 15.0 15.0%
Slide 11: Funding and liquidity
Funding and liquidity Balance sheet (As of Jun 2015) Funding Profile Balance sheet structure Assets Liabilities and equity Conservative Funding Profile Highly liquid, healthy balance sheet structure – More than 80% of unsecured funding2 is – 82% of assets are highly liquid long-term debt trading
Slide 12: Debt profile
Debt profile Robust structure: More than 80% of long-term debt is comprised of unsecured funding Funding sources are diversified among the following three markets to mitigate refinance risk: Bank Lending Market: Funding mainly from Japanese relationship banks Wholesale Market: Access to the
Slide 13: Liquidity portfolio
Liquidity portfolio The firm’s liquidity portfolio1 was approximately JPY6.2 trillion [$51bn] as of June 30, 2015 and is measured on the basis of an established liquidity management framework The liquidity portfolio is primarily comprised of highly liquid G4 government bonds, is diversified acro
Slide 14: Credit ratings
Credit ratings Standard & Moody’s Fitch Rating and Japan Credit As of June 30, 2015 Poor’s Investment Rating Agency Information Nomura Holdings, Inc. Long-term BBB+ Baa1 A- A+ AA- Short-term A-2 - F1 a-1 - Outlook stable Stable Stable stable stable Nomura Securities Co., Ltd. Long-term A- A3 A- A+ A
Slide 15: Financial Supplement
Financial Supplement
Slide 16: Consolidated balance sheet
Consolidated balance sheet Millions of yen Millions of yen March 31, June 30, March 31, June 30, Increase/(Decrease) Increase/(Decrease) 2015 2015 2015 2015 ASSETS LIABILITIES AND EQUITY Short-term borrowings 662,256 562,093 (100,163) Cash and cash deposits: Payables and deposits: Cash and cash equi
Slide 17: Consolidated income
Consolidated income Full year Quarter (billions of yen) FY2014/15 FY2015/16 FY2013/14 FY2014/15 1Q 2Q 3Q 4Q 1Q Revenue Commissions 473.1 453.4 95.6 110.8 123.2 123.7 130.3 Fees from investment banking 91.3 95.1 19.8 20.6 28.8 25.8 24.5 Asset management and portfolio service fees 168.7 203.4 46.1 49.
Slide 18: Consolidated results: Income before income taxes by segment and region
Consolidated results: Income (loss) before income taxes by segment and region Adjustment of consolidated results and segment results: Income (loss) before income taxes Full year Quarter FY2014/15 FY2015/16 (billions of yen) FY2013/14 FY2014/15 1Q 2Q 3Q 4Q 1Q Retail 192.0 161.8 31.6 38.9 50.5 40.9 50
Slide 19: Retail related data
Retail related data Full year Quarter (billions of yen) FY2014/15 FY2015/16 FY2013/14 FY2014/15 QoQ YoY 1Q 2Q 3Q 4Q 1Q Commissions 1 297.2 258.9 54.6 66.7 69.8 67.7 73.8 9.0% 35.1% Of which, brokerage commission 115.4 81.8 14.3 19.8 25.1 22.6 26.4 16.8% 84.4% Of which, commissions for distribution o
Slide 20: Asset Management related data
Asset Management related data Full year Quarter (billions of yen) FY2014/15 FY2015/16 FY2013/14 FY2014/15 QoQ YoY 1Q 2Q 3Q 4Q 1Q Net revenue 80.5 92.4 23.3 21.7 23.4 23.9 26.9 12.7% 15.3% Non-interest expenses 53.4 60.3 15.1 13.9 14.1 17.2 15.2 -11.9% 0.7% Income before income taxes 27.1 32.1 8.3 7.
Slide 21: Wholesale related data
Wholesale related data Wholesale Full year Quarter (billions of yen) FY2014/15 FY2015/16 FY2013/14 FY2014/15 QoQ YoY 1Q 2Q 3Q 4Q 1Q Net revenue 765.1 789.9 188.9 190.6 178.9 231.5 205.2 -11.4% 8.6% Non-interest expenses 653.3 707.7 183.1 168.4 178.5 177.7 185.5 4.4% 1.3% Income before income taxes 1
Slide 22: Segment “Other”
Segment “Other” Income (loss) before income taxes Full year Quarter (billions of yen) 50.0 46.0 44.8 40.0 30.0 20.0 20.0 14.7 10.0 2.6 2.5 0.0 -10.0 -4.0 1 2 1 2 FY2014/153 4 5 FY2015/16 FY2013/14 FY2014/15 1Q 2Q 3Q 4Q 1Q Net gain related to economic 17.4 15.1 6.9 2.2 6.4 -0.3 -2.6 hedging transacti
Slide 23: Value at risk
Value at risk Definition From April 1, 2015 to June 30, 2015 (billions of yen) − 99% confidence level − Maximum: 6.6 − 1-day time horizon for outstanding portfolio − Minimum: 3.8 − Inter-product price fluctuations considered − Average: 5.2 (billions of yen) FY2013/14 FY2014/15 FY2014/15 FY2015/1
Slide 24: Number of employees
Number of employees FY2013/14 FY2014/15 FY2014/15 FY2015/16 Mar Mar Jun Sep Dec Mar Jun Japan (excluding FA) 14,149 14,144 14,559 14,391 14,290 14,144 14,722 Japan (FA) 1,888 1,829 1,889 1,853 1,853 1,829 1,848 Europe 3,461 3,485 3,481 3,530 3,539 3,485 3,492 Americas 2,281 2,449 2,335 2,421 2,445 2
Slide 25: Disclaimer
Disclaimer This document is produced by Nomura Holdings, Inc. (“Nomura”). Nothing in this document shall be considered as an offer to sell or solicitation of an offer to buy any security, commodity or other instrument, including securities issued by Nomura or any affiliate thereof. Offers to sel
Slide 26: Nomura Holdings, Inc.
Nomura Holdings, Inc. www.nomura.com
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