Slide 1: Morgan Stanley Fixed Income Investor Presentation
Morgan Stanley Fixed Income Investor Presentation As of May 15, 2024
Slide 2: Notice
Notice The information provided in this presentation may include certain non-GAAP financial measures. The definition of and/or reconciliation of such measures to the comparable U.S. GAAP figures are included in this presentation, or in the Company’s Annual Report on Form 10-K (‘Form 10-K’), Definiti
Slide 3: Strong Capital Position
Strong Capital Position Net Income(1) ($Bn) Common Equity ($Bn) 15.0 92.5 97.7 91.4 90.3 90.4 11.0 11.0 73.0 9.0 9.1 Common Tangible Equity 3.4 Common 75.9 72.5 67.1 66.5 66.8 63.8 Equity 2019 2020 2021 2022 2023 1Q24 2019 2020 2021 2022 2023 1Q24 Standardized Common Equity Tier 1 Ratio (%)(2) Suppl
Slide 4: Strong Liquidity Position
Strong Liquidity Position Liquidity Coverage Ratio(1) (%) Average Eligible High Quality Liquid Assets(2) ($Bn) 253 251 238 239 134% 129% 134% 132% 129% 206 125% 178 2019 2020 2021 2022 2023 1Q24 2019 2020 2021 2022 2023 1Q24 Average Total Liquidity Resources(3) ($Bn) Liquidity Resources Composition(
Slide 5: Diversified and Durable Funding Mix
Diversified and Durable Funding Mix Morgan Stanley Core Funding Core Funding Overview ($Bn) Total GAAP 895 1,116 1,188 1,180 1,194 1,229 Shareholders’ Deposits Assets: Equity 113 90 85 86 • Strong capital base 74 • Primarily sourced from • Common stock Wealth Management supplemented by $8.8Bn client
Slide 6: Unsecured Borrowings: Diversified and Durable Funding Structure
Unsecured Borrowings: Diversified and Durable Funding Structure Unsecured Debt Issuance and Maturities(1) 2019-1Q24 Unsecured Debt Issuance (%) ($Bn) 87 By Currency By Tenor 74 75 2% 61 61 56 4% 7% 45 6% 38 35 29 28 USD 17% <3yrs 12% EUR 37% 3-5yrs 17 Other 5-7yrs JPY 6% 7-10yrs 10-15yrs 2019 2020 2
Slide 7: High Quality Lending Portfolio with Disciplined Growth
High Quality Lending Portfolio with Disciplined Growth Total Loans and Lending Commitments(1) Total Loans, net of ACL(1) ($Bn), Net of ACL ($Bn), As of March 31, 2024 385 IM Loans $0.5Bn 377 359 19 20 42 336 17 15 WM Loans 79 ISG Loans $147Bn $79Bn 290 17 147 14 147 262 146 13 13 129 Of which ~$7Bn
Slide 8: Credit Ratings
Credit Ratings As of May 15, 2024 Moody’s S&P Fitch Morgan Stanley Outlook Stable Stable Stable Long-Term A1 A- A+ Short-Term P-1 A-2 F1 Subordinated Debt Baa1 BBB+ A- Preferred Stock Baa3 BBB- BBB Morgan Stanley Bank, N.A. Outlook Stable Stable Stable Long-Term Aa3 A+ AA- Morgan Stanley Private Ban
Slide 9: End Notes
End Notes This presentation may include certain metrics, including non-GAAP financial measures, which we believe to be useful to us, investors, analysts and other stakeholders by providing further transparency about, or an additional means of assessing, our financial condition and operating results.
Slide 10: End Notes (Continued)
End Notes (Continued) These notes refer to the financial metrics presented on slide 3. 1. Net Income Applicable to Morgan Stanley. 2. For further information, refer to ‘Regulatory Requirements’ on pages 21-25 in the Firm’s Quarterly Report on Form 10-Q for the period ended March 31, 2024. 3. At Dece
Slide 11: Morgan Stanley Fixed Income Investor Presentation
Morgan Stanley Fixed Income Investor Presentation As of May 15, 2024