Morgan Stanley · NYSE:MS
Morgan Stanley — Q2 2021 Earnings Presentation
11 slides from Morgan Stanley's earnings presentation, Jul 15, 2021
Slide 1: Morgan Stanley Fixed Income Investor Presentation
Morgan Stanley Fixed Income Investor Presentation August 10, 2021
Slide 2: Notice
Notice The information provided in this presentation may include certain non-GAAP financial measures. The reconciliation of such measures to the comparable GAAP figures are included in the Company’s Annual Report on Form 10-K (‘Form 10-K’), Definitive Proxy Statement, Quarterly Reports on Form 10-Q
Slide 3: Strong Capital Position
Strong Capital Position Net Income(1) ($Bn) Common Equity ($Bn) 11.0 99.1 92.5 8.7 9.0 7.6 73.0 68.5 68.9 71.7 6.0 6.1 Common Tangible Equity Common 75.9 73.6 59.2 59.8 62.9 63.8 Equity(2) 2016 2017 2018 2019 2020 1H21 2016 2017 2018 2019 2020 2Q21 Fully Phased-In Common Equity Tier 1 Ratio (%)(3)(4
Slide 4: Strong Liquidity Position
Strong Liquidity Position Liquidity Coverage Ratio(1) (%) Average High Quality Liquid Assets(2) ($Bn) 228 195 206 145% 178 128% 134% 129% 126% 159 2017 2018 2019 2020 2Q21 2017 2018 2019 2020 2Q21 Liquidity Resources(3) ($Bn) Liquidity Resources Composition(3) (%) As of 6/30/21 344 0%3% 339 8% 20% 2
Slide 5: Diversified and Durable Funding Mix
Diversified and Durable Funding Mix Morgan Stanley Core Funding Core Funding Overview ($Bn) Shareholders’ Deposits Total GAAP 815 852 854 895 1,116 1,162 Equity Assets: • Primarily sourced from • Strong capital base Wealth Management • Common stock clients 320 supplemented by $7.8Bn • Continue to op
Slide 6: Unsecured Borrowings: Diversified Funding Structure
Unsecured Borrowings: Diversified Funding Structure Unsecured Debt Issuance and Maturities(1) 2016-2Q21 Unsecured Debt Issuance (%) ($Bn) By Currency By Tenor 56 53 5% 2% 45 47 42 12% <3yrs 38 7% USD 38 3-5yrs 34 29% 31 EUR 30 29 29 14% 17% 5-7yrs JPY 7-10yrs Other 8% 14% 72% 10-15yrs GBP 20% >15yrs
Slide 7: High Quality Lending Portfolio with Disciplined Growth
High Quality Lending Portfolio with Disciplined Growth Total Loans and Lending Commitments(1) ($Bn), Net of ACL High Quality Portfolio 320 290 14 ISG >90% 262 14 217 232 13 115 Investment Grade 201 8 9 11 72 80 98 and/or Secured of ISG exposure 60 68 107 114 125 − COVID focus sectors ~10% of ISG len
Slide 8: Credit Ratings
Credit Ratings As of June 30, 2021 Moody’s S&P Fitch Morgan Stanley Outlook Stable Positive Stable Long-Term A1 BBB+ A Short-Term P-1 A-2 F1 Subordinated Debt Baa1 BBB BBB+ Preferred Stock Baa3 BB+ BBB- Morgan Stanley Bank, N.A. Outlook Stable Stable Stable Long-Term Aa3 A+ A+ Morgan Stanley Private
Slide 9: End Notes
End Notes These notes refer to the financial metrics presented on Slide 3. 1. Net Income Applicable to Morgan Stanley. 2. Tangible Common Equity (‘TCE’) equals common equity less goodwill and intangible assets net of allowable mortgage servicing rights. TCE is a non-GAAP financial measure that the F
Slide 10: Legal Disclaimer
Legal Disclaimer We have prepared this document solely for informational purposes. You should not definitively rely upon it or use it to form the definitive basis for any decision, contract, commitment or action whatsoever, with respect to any proposed transaction or otherwise. You and your director
Slide 11: Morgan Stanley Fixed Income Investor Presentation
Morgan Stanley Fixed Income Investor Presentation August 10, 2021