State Street Corporation · NYSE:STT
State Street — Shareholder Meeting (May 2018)
23 slides from State Street's shareholder meeting presentation, May 16, 2018
Slide 1: Building on Our Strategy to Deliver Shareholder Value
Exhibit 99.1 Annual Meeting 2018 Building on Our Strategy to Deliver Shareholder Value Wednesday, May 16, 2018 1
Slide 2: Forward-looking Statements
Forward-looking Statements This presentation (and the conference call referenced herein) contains forward-looking statements within the meaning of United States securities laws, including statements about our goals and expectations regarding our business, financial and capital condition, results of
Slide 3: Agenda
Annual Meeting 2018 AGENDA Our Company Today Investing for the Future Financial Results Community Impact 3
Slide 4: Our Company Today
Annual Meeting 2018 Our Company Today 4
Slide 5: A History of Innovation
Our Company Today A History of Innovation 1792 1970s 1990s 2010s Future • Globalization Client needs for data and Regulatory reform Growing demand for index analytics spurs launch of Our Ancestor, Union including ERISA drives and passive strategies Global Exchange. • Beacon / Bank is founded. busine
Slide 6: Delivering Integrated Solutions Across Client Sectors
Our Company Today Delivering Integrated Solutions Across Client Sectors • $33.3 trillion AUCA1 • $2.7 trillion AUM1 • One of world’s leading Asset Asset • One of largest ETF providers in investment service the world providers Managers Owners • Investment strategies across risk / • Fund accounting an
Slide 7: Global Expertise
Our Company Today Global Expertise Leadership Industry Awards and Accolades • Responsible for more • No. 1 in alternative No. 1 Global Custodian ETF Manager than 10 percent of the asset servicing4 Global Investor/isf of the Year world’s assets1 2017 Global Custody Survey etfexpress • No. 1 in 2018 G
Slide 8: Investing for the Future
Annual Meeting 2018 Investing for the Future 8
Slide 9: Delivering Client Solutions
Investing for the Future Delivering Client Solutions Secular Growth Trends Our Strategies Improved Service Enhance Client Product and Globalization Delivery Enabled Coverage Model Service Innovation by Beacon Retirement Savings • Enabling • Helping clients • Greater speed, seamless delivery navigate
Slide 10: State Street Beacon
Investing for the Future State Street Beacon Digitizing $33 trillion in assets Aiming to be the digital leader in financial services Improving Speed, Quality, Transparency Enabling quicker data delivery and Client Experience Improved speed and quality with straight-through processing Delivering info
Slide 11: Driving Returns for Shareholders
Annual Meeting 2018 Driving Returns for Shareholders 11
Slide 12: Generated Strong FY 2017 Earnings and Return on Equity and Achieved Financial Goals
Generated Strong FY 2017 Earnings and Return on Equity and Achieved Financial Goals Operating-basis (Non-GAAP); All Comparisons are to FY 2016 Excluding 4Q16 Notable AdjustmentsA Fee Revenue Growth Fee Operating Leverage Net Interest Income Growth B Outlook Range Outlook Range Outlook Range 8% +2.0%
Slide 13: 1Q18 GAAP-Basis Highlights
1Q18 GAAP-Basis Highlights All Comparisons are to 1Q17 • Achieved revenue growth of 13% – Fee Revenue growth of 8% Strong – Net Interest Income growth of 29% Results • Double-digit EPS growth of 41% • ROE increased 2.9% points to 12.8% • Announced new servicing business wins of ~$1.3 trillion1 • Adv
Slide 14: Generating Strong Shareholder Returns
Generating Strong Shareholder Returns One Year Total Shareholder Return 12/31/2016 – 12/31/2017 STT 28% 14
Slide 15: Our Impact
Annual Meeting 2018 Our Impact 15
Slide 16: Corporate Citizenship
Corporate Citizenship* 2017 Results Community • Contributed US$20.3 million in strategic grants and employee matching Investments gifts funding during 2017 in 34 communities around the world Employee • 123,300 volunteer hours donated; 3,377 employees and members of our Involvement Board of Directors
Slide 17: Boston WINs
Boston WINs* Our Commitment • $20 million to advance systematic, scalable and measurable approach to college and career readiness • Hire 1,000 aspiring professionals to strengthen our workforce • Manage and measure initiative – 2015 through 2019 Our Approach • A unique private, public, non-profit pa
Slide 18: Commitment to Inclusion & Diversity
Commitment to Inclusion & Diversity* Highlights Awards & Recognition • Recognized by The Times as a Top 50 Employer for Women for the 6th year in a row • Received 100% on the Human Rights Campaign’s Corporate Equality Index for the 4th year in a row • Recognized as a 2020 Women on Boards Winning “W”
Slide 19: Building on Our Strategy to Deliver Shareholder Value
Annual Meeting 2018 Building on Our Strategy to Deliver Shareholder Value Wednesday, May 16, 2018 19
Slide 20: Reconciliations of Operating-Basis (Non-GAAP) Financial Information
STATE STREET CORPORATION RECONCILIATIONS OF OPERATING-BASIS (NON-GAAP) FINANCIAL INFORMATION In addition to presenting State Street's financial results in conformity with U.S. generally accepted accounting principles, or GAAP, management has also historically (and in this Supplemental Information Pa
Slide 21: Reconciliations of Operating-Basis (Non-GAAP) Financial Information
STATE STREET CORPORATION RECONCILIATIONS OF OPERATING-BASIS (NON-GAAP) FINANCIAL INFORMATION Year- to- Date % Change (Dollars in millions) 2016 2 0 17 2017 vs. 2016 ( 1) ( 3 ) Fe e Re ve nue : Total fee revenue, GAAP- basis $ 8,116 $ 8,905 9.7 % Tax- equivalent adjustment associated with tax- advant
Slide 22: Reconciliations of Operating-Basis (Non-GAAP) Financial Information
STATE STREET CORPORATION RECONCILIATIONS OF OPERATING-BASIS (NON-GAAP) FINANCIAL INFORMATION Year- to- Date % Change (Dollars in millions) 2016 2 0 17 2017 vs. 2016 Ne t Inte re st Inc ome ( 2 ) ( 4 ) : Net interest income, GAAP- basis $ 2,084 $ 2,304 10.6 % Tax- equivalent adjustment associated wit
Slide 23: Reconciliations of Operating-Basis (Non-GAAP) Financial Information
STATE STREET CORPORATION RECONCILIATIONS OF OPERATING-BASIS (NON-GAAP) FINANCIAL INFORMATION Year- to- Date % Change 2016 2 0 17 2017 vs. 2016 Re turn on Ave ra ge Common Equity ( 1) ( 2 ) : Return on average common equity, GAAP- basis 10.5 % 10 . 6 % 10 bps Severance costs associated with staffing