Alliancebernstein Holding L.p. · NYSE:AB
Alliancebernstein Holding L.p — Bank of America Merrill Lynch Banking and Financial Services Conference 2010
16 slides from Alliancebernstein Holding L.p's conference presentation, Nov 18, 2010
Slide 1: AllianceBernstein: Breadth and Balance
AllianceBernstein: Breadth and Balance November 17, 2010 Peter S. Kraus Chairman and Chief Executive Officer Bank of America Merrill Lynch Banking and Financial Services Conference
Slide 2: Cautions Regarding Forward-Looking Statements
2010 BofA Merrill Lynch Banking and Financial Services Conference 1 AllianceBernstein.com Cautions Regarding Forward-Looking Statements Certain statements provided by management in this presentation are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act o
Slide 3: A Broad Array of Investment Services
2010 BofA Merrill Lynch Banking and Financial Services Conference 2 AllianceBernstein.com Emerging Markets Value Regional Blend US Structured Equities Global/Int’l Structured High Yield US Municipals Credit/ Global Credit Asset Management Global/Int’l Blend US Thematic Research Emerging Market Debt
Slide 4: A World-Class Fixed Income Franchise
2010 BofA Merrill Lynch Banking and Financial Services Conference 3 AllianceBernstein.com A World-Class Fixed Income Franchise Performance is preliminary as of September 30, 2010. The information in this table is provided solely for use in connection with this presentation, and is not directed towar
Slide 5: Balanced Across Channels, Services and Geographies
2010 BofA Merrill Lynch Banking and Financial Services Conference 4 AllianceBernstein.com Balanced Across Channels, Services and Geographies By Strategy By Client Domicile Firm-Wide Diversification (On Annualized Fee Base of $2.1 Billion) Value Growth Fixed 2% Other US Non-US By Channel Institutions
Slide 6: AllianceBernstein: How We Grow Our Business
2010 BofA Merrill Lynch Banking and Financial Services Conference 5 AllianceBernstein.com Global Client Base Global Research Platform Innovative Solutions Sell Side Buy Side AllianceBernstein: How We Grow Our Business + +
Slide 7: Addressing Client Concerns About High Market Volatility and Tail Risk
2010 BofA Merrill Lynch Banking and Financial Services Conference 6 AllianceBernstein.com Addressing Client Concerns About High Market Volatility and Tail Risk Dynamic Asset Allocation (DAA) < Private Client : February 2010 Launch; about 50% of eligible private clients now in service < Institutional
Slide 8: Addressing the Defined Contribution Need
2010 BofA Merrill Lynch Banking and Financial Services Conference 7 AllianceBernstein.com Addressing the Defined Contribution Need DC Strategies: Focused on Target-Date < A Secular Shift < Groundbreaking research; Innovative Implementations < Scalable, Long-Term Opportunity
Slide 9: Uncorrelated Alpha: A History of Innovation in Alternative Investments
2010 BofA Merrill Lynch Banking and Financial Services Conference 8 AllianceBernstein.com Uncorrelated Alpha: A History of Innovation in Alternative Investments 1997 2001 2002 US Equity Long/Short Fixed Income Long/Short Global Equity and Currency Long/Short 2006 Distressed Investing 2008 Government
Slide 10: Sanford C. Bernstein: Industry Leading Research and Trading Platform
2010 BofA Merrill Lynch Banking and Financial Services Conference 9 AllianceBernstein.com Sanford C. Bernstein: Industry Leading Research and Trading Platform Research Trading Sales < A leader in research for nearly 40 years; known for insight, independence and integrity < Today, 375 employees with
Slide 11: Keys to AllianceBernstein's Success (From Last Year's Conference)
2010 BofA Merrill Lynch Banking and Financial Services Conference 10 AllianceBernstein.com Keys to AllianceBernstein’s Success (From Last Year’s Conference) < Focused execution in 2010 < Providing Dynamic Asset Allocation to our Private and Institutional clients < Deepening our sell-side electronic
Slide 12: Working to Build an All Weather Firm
2010 BofA Merrill Lynch Banking and Financial Services Conference 11 AllianceBernstein.com Long Equities Fixed Income Alternatives DAA Target Date/DC Passive Trading and Research Working to Build an All Weather Firm Market Direction
Slide 13: Adjusted Operating Income: YTD2010 vs. YTD2009
2010 BofA Merrill Lynch Banking and Financial Services Conference 12 AllianceBernstein.com Adjusted Operating Income * : YTD2010 vs. YTD2009 In USD millions T&E Expense and Other YTD 2009 Adjusted Operating Income Base Advisory Fees Severance Expense Net Distribution Revenues Incentive Compensation
Slide 14: AllianceBernstein
7B ALLIANCEBERNSTEIN
Slide 15: AllianceBernstein Adjusted Earnings Reconciliation
14 AllianceBernstein Adjusted Earnings Reconciliation Nine Months Ended $ thousands, unaudited 9/30/10 9/30/09 Net Revenues, GAAP basis $2,170,996 $2,125,018 Exclude : Deferred compensation-related investment (gains) losses (10,375) (105,738) Deferred compensation-related dividends and interest (2,5
Slide 16: AllianceBernstein Adjusted Financial Results Reconciliation
15 AllianceBernstein Adjusted Financial Results Reconciliation AllianceBernstein L.P. Notes to Condensed Consolidated Statements of Income and Supplemental Information (Unaudited) Adjusted Net Revenues Adjusted net revenues excludes investment gains and losses and dividends and interest on deferred