State Street Corporation · NYSE:STT
State Street — Morgan Stanley U.S. Financials Conference 2022
12 slides from State Street's conference presentation, Jun 13, 2022
Slide 1: Morgan Stanley U.S. Financials Conference
June 13, 2022 Morgan Stanley U.S. Financials Conference Brian Franz Global Chief Information Officer Eric Aboaf Vice Chairman and Chief Financial Officer
Slide 2: Preface and forward-looking statements
Preface and forward-looking statements This presentation contains forward-looking statements as defined by United States securities laws. These statements are not guarantees of future performance, are inherently uncertain, are based on assumptions that are difficult to predict and have a number of r
Slide 3: State Street's technology strategy to support business objectives and financial targets
State Street’s technology strategy to support business objectives and financial targets A State Street medium-term financial targets Revenue growth 4-5%, Pre-tax margin 31%, EPS growth 10-15%, ROE 12-15%, Total payout ratio ≥ 80% 1 1 2 3 Simplifying and delivering Enabling profitable Driving a high-
Slide 4: Technology-forward, innovation-led, with engineering at the core of our business
Technology-forward, innovation-led, with engineering at the core of our business Scope and scale supported by technology Settle ~128M tradesB Driving digital Operate in 100+ geographic markets transformation Creating the financial Managing >45 Petabytes of data infrastructure of the future for our c
Slide 5: Delivering operational efficiency and investing to achieve our State Street objectives
Delivering operational efficiency and investing to achieve our State Street objectives Effectively managing run the bank costs to create capacity to build for the future A Technology spend over time 2022 investment overview ($B) +2% CAGR • Alpha front-to-back delivery and platform interoperability $
Slide 6: Simplifying and delivering efficiency & productivity
1 Simplifying and delivering efficiency & productivity Simplifying, modernizing and automating our technology platform and business operating model Achievements to date and focus areas Key outcomes projected through 2024 Rationalized 30% of legacy applicationsA 10% additional legacy applications t
Slide 7: Enabling profitable business growth
2 Enabling profitable business growth Building beyond core service infrastructure – technology promotes growth Achievements to date and focus areas Key outcomes projected through 2024 Improved client experience through proactive management, success rate for 35K+ code & related changes Enhance proc
Slide 8: Driving a high-performing organization
3 Driving a high-performing organization Developing a technology-forward and innovation-led workforce that can efficiently drive business objectives Strategy for creating a workforce and workplace best equipped to support technology transformation and growth Engaged working environment: Dedicated cu
Slide 9: Fireside Chat
Fireside Chat Brian Franz Eric Aboaf Betsy Graseck 9
Slide 10: Appendix
Endnotes and definitions 11 Appendix Forward-looking statements 12 10
Slide 11: Endnotes and definitions
Endnotes and definitions Endnotes 1. State Street’s $3B common stock repurchase authorization, which is suspended through 3Q22, covers through year end 2022. Subsequent authorization are subject to the discretion of the Board of Directors. Stock purchases may be made using various types of transacti
Slide 12: 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
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