Toronto-dominion Bank · TSX:TD
Toronto-dominion Bank — RBC Capital Markets Financial Institutions Conference 2005
15 slides from Toronto-dominion Bank's conference presentation, Sep 20, 2005
Slide 1: RBC Capital Markets Financial Institutions Conference
RBC Capital Markets Financial Institutions Conference September 20, 2005 David Livingston EVP TD Bank Financial Group
Slide 2: Forward-looking statements
From time to time, the Bank makes written and oral forward-looking statements, including in this presentation, in other filings with Canadian regulators or the U.S. Securities and Exchange Commission (SEC), and in other communications. All such statements are made pursuant to the "safe harbour" prov
Slide 3: Agenda
Overview and Strategy Agenda Re-deploying excess capital What differentiates TD
Slide 4: Overview and Strategy
3rd largest bank in Canada by market capitalization of C$40.1 / US$33.9 billion with C$368 billion in total assets Four main business segments: Personal and Commercial Banking #1 or #2 market share in most retail products 10 million customers, including 4.5 million on-line customers Over 1,000 branc
Slide 5: High Level Strategy
High Level Strategy Strategically re-deploy capital for higher return focus on economic profit and highest return for risk undertaken invest with value, long-term growth, and flexibility in mind TD's long-term U.S. growth strategy is best of Canadian banks: TD Banknorth and TD Ameritrade Achieve bet
Slide 6: Strategy for Our Canadian Based Business
Strategy for Our Canadian Based Business Target under-penetrated businesses small business, commercial banking, insurance Operating excellence start with the customer, re-engineer to be simple, fast, easy Invest in core businesses to ensure long-term organic growth Personal and commercial banking We
Slide 7: Strong Capital Position Provides Flexibility and Options
Strong Capital Position Provides Flexibility and Options Oct 31 02 Oct 31 03 Oct 31 04 Jul 31 05 Pro Forma Ameritrade / Hudson* East 0.051 0.069 0.09 0.07 0.076 Generate about $1.5B in capital annually for reinvestment Tangible Common Equity to Risk-Weighted Assets *Tangible common equity is total c
Slide 8: Avenues for Excess Capital Re-deployment
Avenues for Excess Capital Re- deployment Create strategic choice and re-deploy capital with a balance between: High return add on investments Return capital to shareholders Invest to add long-term strategic strength and optionality In Canada there is limited availability of add-on acquisitions The
Slide 9: TD Banknorth
TD Banknorth TD's expansion strategy overcomes many of the challenges faced by Canadian banks entering the U.S. by: best in class management excellent geographic footprint platform scale franchise with very strong market positions successful community banking model acquisitions a core competency ret
Slide 10: Hudson United
Hudson United Executing the strategy - supporting TD Banknorth's expansion into new contiguous markets Enhances TD Banknorth's community banking position in Connecticut and New York and extends TD Banknorth into New Jersey and Philadelphia Leveraging the flexibility of the TD Banknorth ownership str
Slide 11: TD Ameritrade
TD Ameritrade Translates ownership in TD Waterhouse USA into ownership in one of the three major players in the sector Allows us to stay in the industry while reaping the benefits of current and any future consolidation Significant value creation for TD Accretive to earnings before amortization of i
Slide 12: Continuing Growth Opportunities
Continuing Growth Opportunities Illustrative Business Segment Earnings Mix1 P&C Wealth TD AMTD TD BNK Wholesale Q1 2005 825 170 128 173 291 TD Canada Trust (Canadian P&C) TD Securities (Wholesale) TD Waterhouse (Canadian Wealth) Based on YTD business segment earnings and pro forma TD Banknorth (incl
Slide 13: What Differentiates TD
What Differentiates TD Faster organic growth unique growth opportunity in under-penetrated businesses straightforward business plans for long-term growth Focus on optimizing invested capital disciplined: invest capital for economic profit growth re-deploy capital for better return and sustainability
Slide 14: Additional Information About the Transactions
Additional Information About the Ameritrade Transaction Ameritrade stockholders are urged to read the proxy statement filed by Ameritrade regarding the proposed transaction with TD Waterhouse when it becomes available because it will contain important information. Ameritrade stockholders will be abl
Slide 15: RBC Capital Markets Financial Institutions Conference
RBC Capital Markets Financial Institutions Conference September 20, 2005 David Livingston EVP TD Bank Financial Group
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