Regions Financial Corporation · NYSE:RF
Regions Financial — Morgan Keegan Equity Conference 2006
11 slides from Regions Financial's conference presentation, Sep 7, 2006
Slide 1: Morgan Keegan Equity Conference
Morgan Keegan Equity Conference September 7, 2006 Jackson W. Moore Chief Executive Officer Regions Financial Corporation
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT This presentation contains forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Act of 1995. These include statements as to the benefits of the proposed merger between Regions Financial and AmSouth (the "Merger"), inclu
Slide 3: Additional Information
ADDITIONAL INFORMATION The proposed Merger has been submitted to Regions Financial's and AmSouth's stockholders for their consideration. Regions Financial has filed a registration statement, which includes a joint proxy statement/prospectus to be sent to each company's stockholders, and each of Regi
Slide 4: Creating a Top Ten U.S. Bank Holding Company
Creating a Top Ten U.S. Bank Holding Company Market Capitalization $26 billion Assets1 $142 billion Loans, net of unearned income1 $93 billion Deposits1 $96 billion Households 5 million Branches 1,984 ATMs 2,764 Note: As of June 30, 2006 1 S-4 Form filed August 17, 2006 4
Slide 5: Combined Franchise Footprint
Combined Franchise Footprint AmSouth Regions Morgan Keegan Insurance Source: SNL DataSource. Deposit data as of 30-Jun-2005. Note: Does not include impact of anticipated deposit divestitures. 5
Slide 6: Significant Presence in Key MSAs
1. Birmingham-Hoover, AL 1 90 $ 6,340 2. Nashville, TN 1 102 6,102 3. Miami, FL 5 71 5,416 4. Tampa-St.Pete-Clearwater, FL 4 80 3,530 5. Memphis, TN-MS-AR 2 80 3,493 6. Mobile, AL 1 46 3,305 7. Saint Louis, MO-IL 4 78 3,251 8. Atlanta, GA 7 58 2,596 9. Montgomery, AL 1 32 2,207 10. Jackson, MS 2 45
Slide 7: Combination Creates Strategic Growth Opportunities
Combination Creates Strategic Growth Opportunities Additional opportunities to leverage Morgan Keegan across AmSouth franchise Increased deposit market share in one of the highest growth states in the United States Leverage AmSouth's de novo branching expertise Branch expansion across high-growth ar
Slide 8: Substantial Synergies with Low Integration Risk
Substantial Synergies with Low Integration Risk Personnel $200 Occupancy / Equipment 65 Operations / Technology Reductions 75 Corporate / Other 60 Total (Pre-Tax) $400 (Dollars in Millions) Cost Savings Fully Phased- In Expected Sources of Cost Savings Significant branch overlap - Over 230 branches
Slide 9: Cost Savings Value Creation for Shareholders
Cost Savings Value Creation for Shareholders Capitalizes management's estimated cost savings of $400mm pre-tax (38% marginal tax rate) at a 12.5x earnings multiple, less the impact of estimated restructuring costs of $700mm pre-tax (30% tax rate). Note: Originally presented in May 25, 2006 Merger Pr
Slide 10: Making Significant Progress
Making Significant Progress Key accomplishments to date include: Analyst Calls and Conferences Key Organizational Announcements Matrix Management 500+ Leadership Decisions Announced Merger Integration process initiated Securities and Exchange Commission filing completed August 17, 2006 Special Share
Slide 11: This Combination Creates...
This Combination Creates... Strategic growth opportunities Strong market density Excess capital High dividend yield Substantial cost saves First year cash accretion for both sets of shareholders 11
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