Pnc Financial Services Group, Inc. (the) · NYSE:PNC
Pnc Financial Services Group, Inc. (the) — Shareholder Meeting (April 2004)
26 slides from Pnc Financial Services Group, Inc. (the)'s shareholder meeting presentation, Apr 27, 2004
Slide 1: The PNC Financial Services Group Annual Meeting of Shareholders April 27, 2004
EXHIBIT 99.1 The PNC Financial Services Group, Inc. Annual Meeting of Shareholders April 27, 2004
Slide 2: James E. Rohr, Chairman and Chief Executive Officer
PNC James E. Rohr Chairman and Chief Executive Officer
Slide 3: PNC
PNC
Slide 4: Forward-Looking Information
Forward-Looking Information Forward-looking statements are necessarily subject The forward-looking statements in this PNC assumes no and on PNC’s website). duty and does not undertake to update them. This presentation may also include a discussion on non-GAAP financial measures, which, to the extent
Slide 5: 2003 Highlights
2003 Highlights Earned $1billion Generated 15% return on equity Total stockholder return: 36 percent Successful acquisition of United National
Slide 6: Grow PNC
GROW PNC
Slide 7: Growing the Regional Community Bank
Growing theRegional Community Bank Growth Strategies Grow primary checking accounts Maintain best-of-class customer satisfaction Checking Relationships Provides Opportunities for Growth and Improved Retention Growth ATM / debit card fees +9% Home equity loans +17% Online banking users +26% Growth is
Slide 8: Joseph C. Guyaux, President
PNC Joseph C. Guyaux President
Slide 9: Integrating United National: Adding scale in a key market
Integrating United National Adding scale in a key market United brought PNC $2.2 billion in deposits and $1.9 billion in loans Added 47 branches New Jersey is among the fastest-growing and wealthiest states
Slide 10: Integrating United National: A successful integration
Integrating United National A successful integration Smooth systems conversion Excellent customer retention Lower than expected one-time expenses Realizing synergies United customers accessing more services Demand deposits account sales, loan applications and total deposit exceeding expectations
Slide 11: Building a Successful Wholesale Banking Model
Building a Successful Wholesale Banking Model Goals Focus on regional middle market Capitalize on improving loan demand Expand relationships through noncredit products Treasury management Capital markets Noninterest Income Noninterest income is reconciled to GAAP in the Appendix and excludes institu
Slide 12: Generating Momentum at PNC Advisors
Generating Momentumat PNC Advisors Goals Build on momentum in migration to “open architecture” account management Build on strong sales momentum Realize synergies from United National acquisition
Slide 13: Growing PFPC
Growing PFPC Goals Continue to provide industry’s best technology Continue industry leadership in mutual fund transfer agency, service fund accounting and administration services Continue efficiency improvements More international expansion Assets Serviced
Slide 14: Surging Assets at BlackRock
Surging Assets at BlackRock Goals Continue pace of growth in AUM BlackRock Solutions Strengthen equities platform Assets Under Management
Slide 15: The Outlook for 2004
The Outlook for 2004 Stronger economy Rising interest rates Growth in our core businesses Continued focus on balance sheet and risk
Slide 16: William S. Demchak, Vice Chairman and Chief Financial Officer
PNC William S. Demchak Vice Chairman and Chief Financial Officer
Slide 17: Performance in 2003
Performance in 2003 2002 Net income ($millions) $1,001 $1,184 EPS (diluted) $3.55 $4.15 Return on average common equity 15.1% 18.8% Noninterest income to total revenue 62% 59% Total assets ($billions) $68.2 $66.4 Shareholders’ equity ($billions) $6.6 $6.9
Slide 18: Performance in First Quarter 2004
Performance in First Quarter 2004 Three Months Ended March 31 2004 2003 Net income ($millions) $328 $262 EPS (diluted) $1.15 $0.92 Return on average common equity18.8% 15.8% Noninterest income to total revenue 65% 61% Total assets ($billions) $74.1 $68.6 Shareholders’ equity ($billions) $7.2 $6.8 Co
Slide 19: 2003: A Year of Accomplishment
2003: A Year of Accomplishment Stock outperformed peer group and S&P—36 percent total shareholder return Increased annual dividend to $2.00 a share Added customers in every business Upgraded by rating agencies and regulators Ended year with higher capital and excellent credit quality Strong risk man
Slide 20: Our Employees
Our Employees One team working to grow PNC Very low turnover relative to competitors PNC honored again by Working Mother as one of the top places to work magazine
Slide 21: Our Communities
Our Communities Committed to improving the places where we live 1 million hours of volunteer service since 1999 PNC Grow Up Great $100 million program 1 million employee volunteer hours Ensuring the success of our communities for years to come
Slide 22: Every day is an opportunity to do more
PNC Ever day is an opportunity to do more./sm/
Slide 23: Appendix
Appendix
Slide 24: Cautionary Statement Regarding Forward-Looking Information
Cautionary Statement RegardingForward-Looking Information This presentation and other statements that the Corporation may make may contain forward-looking statements with respect to the Corporation’s outlook or expectations for earnings, revenues, expenses, capital levels, asset quality or other fut
Slide 25: Cautionary Statement Regarding Forward-Looking Information (continued)
Cautionary Statement RegardingForward-Looking Information (continued) (7) the ability to identify and effectively manage risks inherent in PNC’s business; (8) how PNC chooses to redeploy available capital, including the extent and timing of any share repurchases and acquisitions or other investments
Slide 26: Non-GAAP to GAAP Reconcilement
Non-GAAP to GAAP Reconcilement Appendix Wholesale Banking Noninterest Income $millions 2001 2002 2003 Wholesale Banking noninterest income $381 $601 $602 Less: Held for sale gains, net of valuation adjustments - 147 69 Adoption of FIN 46—- 14 Wholesale Banking – adjusted noninterest income $381 $454
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