Goldman Sachs Group, Inc. (the) · NYSE:GS
Goldman Sachs Group, Inc. (the) — Investor Presentation (January 2021)
18 slides from Goldman Sachs Group, Inc. (the)'s investor presentation, Jan 19, 2021
Slide 1: Strategic Update January 19, 2021
Exhibit 99.3 Strategic Update January 19, 2021 0 0Exhibit 99.3 Strategic Update January 19, 2021 0 0
Slide 2: 2020 Financial Highlights
2020 Financial Highlights 1 1 Net Revenues EPS ROE ROTE 2020 $44.6bn 2020 $24.74 2020 11.1% 2020 11.8% 4Q $11.7bn 4Q $12.08 4Q 21.1% 4Q 22.5% Highlights Highest FY net revenues since 2009 Record Assets Under Supervision 2 #1 in Announced and Completed M&A Highest Global Markets net revenues since 20
Slide 3: Steady Progress Towards Our Medium-Term Goals
Steady Progress Towards Our Medium-Term Goals 1 Medium-Term Targets 2020 Progress ■ 11.1% ROE (+390bps ex-litigation) >13% ROE Profitability 2 >14% ROTE ■ 11.8% ROTE (+410bps ex-litigation) ■ $70bn raised across channels $100bn in deposit growth Funding Optimization $1.0bn in revenues ■ Limited prog
Slide 4: Reaffirmed Strategic Direction
Reaffirmed Strategic Direction Grow and Strengthen Diversify our Products Operate More Existing and Services Efficiently Businesses Higher Wallet Share More Higher across Broader Client Set Durable Earnings Margins and Returns 3 3Reaffirmed Strategic Direction Grow and Strengthen Diversify our Produ
Slide 5: Delivering One Goldman Sachs to Our Clients
Delivering One Goldman Sachs to Our Clients Clients Turn to Goldman Sachs at Times of Disruption Asset Management Quality of People and Advice Thought Leadership Global Investment Markets Banking Digital Client Engagement Consumer & Wealth Management Best in Class Client Experience Reinforcing our p
Slide 6: Investment Banking
Investment Banking Investor Day Goals 2020 Progress Revenues Maintain and #1 Announced & improve share: $3.1bn Advisory 1 Completed M&A IB Fees: #1 Grow Share in 1 Equity U/W #1 Equity & Equity-Related $3.4bn Core Business M&A: #1 Equity: #1 2 Debt U/W #4 Debt U/W Wallet Share $2.7bn Debt: Top 4 Wal
Slide 7: Global Markets
Global Markets Investor Day Goals 2020 Progress 1 Ranked #2 in both FICC and Equities globally Deepen and Take Top 2 Top 3 position with 64 of the top 100 clients Broaden Client 3 Position with Base Top 100 Clients 1 120bps of wallet share gain vs 2019 Increase Client Record Financing Financing Leve
Slide 8: Asset Management
Asset Management Investor Day Goals 2020 Progress Longer-term: $2.1tn Firmwide AUS Continued $250bn Net Growth with $286bn Firmwide AUS Growth Traditional Inflows Asset (Fixed Income and Equity) Allocators Long-term fee based inflows of $42bn Additional ~$40bn $100bn Net 2021 Priorities: rd Gross co
Slide 9: Consumer & Wealth Management
Consumer & Wealth Management Investor Day Goals 2020 Progress 1 Hired >100 client-facing professionals in 2020; solid expansion Increase client-facing despite slowed plans due to COVID professionals Grow Premier 2 Hosted 250+ events , driving engagement with >190K UHNW Business clients and other par
Slide 10: Consumer | Build Leading Digital Consumer Bank
Consumer | Build Leading Digital Consumer Bank Integrated & Self-Reinforcing Strategy New Products & Partnerships 1 1 Invest Spend Go-to-market strategies Marcus Large Direct Partnerships State-of-the-art Product / Platform Spend Borrow Save / Invest Borrow Checking Credit Invest Loans Savings (2021
Slide 11: Funding Optimization
Funding Optimization Further diversify funding mix via deposits 1 $1.0+ billion Enhance asset-liability management 2 in revenue uplift over medium term Optimize liquidity pool 3 1 Deposits Remain on target for 30bps funding improvement ~50% $70bn deposit growth Wholesale across channels Unsecured Li
Slide 12: Focused On Expense Efficiencies
Focused On Expense Efficiencies On track to generate $1.3bn in run-rate expense savings over the medium term Investment in Centralized Expense Streamlined Automation and Real Estate Strategy Organization Management Infrastructure n Disciplined approach to n Extracting benefit from n Footprint consol
Slide 13: Dynamic Capital Management
Dynamic Capital Management CET1 Ratio Target Capital Management Philosophy Key Forward Drivers 1 13.0-13.5% § Stress Capital Buffer Achievement of capital efficiencies from Prudent capital management in Stress planned sales of on-balance sheet context of evolving regulatory Capital Buffer investment
Slide 14: Clear Strategic Direction
Clear Strategic Direction Diversify our Products Operate More Grow and Strengthen Existing Businesses and Services Efficiently Expand our global footprint: Increase organizational and Investment Banking, Global Markets, Build Transaction Banking process efficiency Ultra High Net Worth Remix to lower
Slide 15: Strategic Update January 19, 2021
Strategic Update January 19, 2021 14 14Strategic Update January 19, 2021 14 14
Slide 16: End Notes
End Notes These notes refer to the financial metrics and/or defined term presented on: Slide 1: 1. Return on average common shareholders’ equity (ROE) is calculated by dividing net earnings applicable to common shareholders by average monthly common shareholders’ equity. Return on average tangible c
Slide 17: End Notes
End Notes These notes refer to the financial metrics and/or defined term presented on: Slide 5: 1. Source: Dealogic – January 1, 2020 through December 31, 2020 2. Debt U/W wallet share as measured by reported revenues, per peer filings as of September 30, 2020. Peers include JPM, BAC, C, MS, CS, DBS
Slide 18: Cautionary Note on Forward-Looking Statements
Cautionary Note on Forward-Looking Statements Statements about the firm’s target metrics, including its target ROE, ROTE, efficiency ratio and CET1 capital ratios, and how they can be achieved (including resumption of share repurchases), and statements about future operating expense (including futur
Goldman Sachs Group — Investor Presentation (January 2021) on 6ix