Morgan Stanley · NYSE:MS
Morgan Stanley — Investor Presentation (October 2003)
16 slides from Morgan Stanley's investor presentation, Oct 23, 2003
Slide 1: Morgan Stanley Europe Update
Morgan Stanley Europe Update 23 October 2003
Slide 2: Table of Contents
Morgan Stanley Table of Contents Section 1 European Overview Section 2 European Markets This slide is part of a presentation by Morgan Stanley and is intended to be viewed as part of that presentation. The presentation is based on information generally available to the public and does not contain an
Slide 3: European Overview
Morgan Stanley Section 1 European Overview This slide is part of a presentation by Morgan Stanley and is intended to be viewed as part of that presentation. The presentation is based on information generally available to the public and does not contain any material, non-public information. The prese
Slide 4: Size Matters
Morgan Stanley European Overview Size Matters Key Statistics EU 15 US EU-25 Population (000) 377,850 287,596 452,700 Area (km²) 3,234,568 9,159,115 3,973,140 (1) GDP ($Bn) 9,647 11,090 10,528 (2) GDP Growth 2.6% 2.5% 2.7% Inflation 2.1% 2.8% N/A Unemployment 7.5% 4.1% 8.8% Sources EU Commission (GDP
Slide 5: Our European Presence
Morgan Stanley European Overview Our European Presence U.K. (1977) France (1990) Germany (1987) Ireland (2003) Italy (1989) Luxembourg (1989) Netherlands (1997) Portugal (2000) Russia (1994) Spain (‘93/’99) Sweden (1999) Switzerland (1986) Israel (2001) South Africa (1994) This slide is part of a pr
Slide 6: Our European Business
Morgan Stanley European Overview Our European Business Full Line of Financial Services Morgan Stanley Institutional Individual Investment Consumer Securities Investor Management Banking Group Group Equity Equity Fixed Investment Private Institutional Private Research Income Banking Wealth Invest Equ
Slide 7: European Market Conditions
Morgan Stanley European Overview European Market Conditions Market Conditions % Change in US$ Volume Equity Underwriting Announced M&A Volume 2001 vs. 2000 2002 vs. 2001 2003 vs. 2002 YTD (1) 2001 vs. 2000 2002 vs. 2001 2003 vs. 2002 YTD (1) 52% 33% 8% 46% 20% 8% Debt Underwriting Completed M&A Volu
Slide 8: European Revenues
Morgan Stanley European Overview European Revenues 1997 and 2002 Global and European Revenues 1997 2002 Europe Europe 12% 18% Global Revenues $14.8Bn Global Revenues $19.1Bn European Revenues $1.7Bn European Revenues $3.3Bn Source Morgan Stanley 1997 Annual Report and 2002 10K Filing This slide is p
Slide 9: European Markets
Morgan Stanley Section 2 European Markets This slide is part of a presentation by Morgan Stanley and is intended to be viewed as part of that presentation. The presentation is based on information generally available to the public and does not contain any material, non-public information. The presen
Slide 10: European M&A Volumes Are Improving
Morgan Stanley European Markets European M&A Volumes Are Improving 2002-2003 European Monthly M&A Volumes (Announced) $Bn 80 75 70 67 68 61 60 54 52 50 50 48 46 46 44 44 41 42 40 35 33 31 30 30 30 28 26 19 20 10 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oc
Slide 11: European Equity New Issue Market By Offering Type
Morgan Stanley European Markets European Equity New Issue Market By Offering Type Equity and Equity-Linked Offerings Since 1996 (1) European New Issue Market By Offering Type % of Total Volume Total Yearly New Issue Volume ($Bn) US$163Bn US$216Bn US$258Bn US$165Bn US$111Bn US$80Bn 100% 300 9% 6% 13%
Slide 12: Growth of Exchanges
Morgan Stanley European Markets Growth of Exchanges Total Value of Share Trading US$Bn 10,000 9,541 9,000 1,020 8,697 634 7,836 8,000 635 6,829 7,000 539 5,975 4,559 6,000 487 4,520 4,001 5,000 3,399 4,009 4,000 2,888 203 2,834 1,842 3,000 103 1,989 2,194 2,120 87 1,340 1,988 2,000 1,413 1,108 1,153
Slide 13: European Debt Market
Morgan Stanley European Markets European Debt Market All-International Corporate Bond Issuance—12 Months Moving Average € MM 45,000 40,000 DT 35,000 30,000 25,000 EMU 20,000 15,000 10,000 5,000 0 Jan-96 Feb-97 Mar-98 Apr-99 May-00 Jun-01 Jul-02 Sep-03 Source BondWare Notes 1. EMU market the beginnin
Slide 14: European Asset Management
Morgan Stanley European Markets European Asset Management Breakdown of Global AUM by Client Type, 2001 Asset Ownership by Source, 2001 % $ Trillion 5 U.S. 49% 4 International 51% 3 Source UBS Warburg, Oliver, Wyman & Company Sept 02 research report 2 Breakdown of Global AUM, 2001 $ Trillion 1 30 25.
Slide 15: European Asset Management
Morgan Stanley European Markets European Asset Management Total Pension Assets vs. Total Populations Worldwide, 2001 $Bn $MM 7 6.4 400 374 6 350 274 300 5 250 4 200 3 126 150 2 2.6 100 1 50 1.2 0 0 U.S. (per capita $23K) Japan (per capita $9K) Europe (per capita $7K) Assets Population Source Charter
Slide 16: European Credit Cards Business
Morgan Stanley European Markets European Credit Cards Business Remaining Focused in a Competitive Market This slide is part of a presentation by Morgan Stanley and is intended to be viewed as part of that presentation. The presentation is based on information generally available to the public and do
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