Toronto-Dominion Bank · TSX:TD
Toronto-Dominion Bank — TD Bank Financial Group — Shareholder Meeting (March 2004)
9 slides from Toronto-Dominion Bank's shareholder meeting presentation, Mar 25, 2004
Slide 1: Ed Clark, President and CEO, AGM March 25, 2004
Ed Clark President and CEO TD Bank Financial Group AGM March 25, 2004 Changing Culture: Transparency Matters Internally and externally Open communication Acknowledge and deal with issues 2
Slide 2: Transformation: Dramatic Shift in Earnings Mix
Transformation Reduce risk profile Restore capital Deliver sustainable earnings 3 Reduce Risk Profile: Dramatic Shift in Earnings Mix 2001 2003 Personal & Personal & Commercial Commercial 51% 62% Transform Transform Wealth Wealth Wholesale 6% 12% 43% Wholesale 26% 4 Earnings before the amortiz
Slide 3: Reduction in Non-Core Portfolio; Improve Risk Return Relationship
Reduce Risk Profile: Reduction in non-core portfolio Loans & BAs (C$ Billions) $11.2 $9.3 $7.2 6.8 $6.2 $4.2 $3.3 4.4 2.4 0.9 Oct-02 Jan-03 Apr-03 Jul-03 Oct-03 Jan-04 Non-investment grade Investment grade *Loans and BAs = Loans + BAs - Specific Allowances For Credit Loss - Cash Collateral - Credit
Slide 4: Capital Position Restored; Personal and Commercial Banking
Capital Position Restored 2002 2003 10.5% 8.1% 6.9% 5.1% Tangible Tangible Common Tier 1 Common Tier 1 Equity Equity 7 Personal and Commercial Banking 2003 net income up 14.6% Composite CSI improved 130 bps year over year Success in target growth areas: Small business - market share up 65 ba
Slide 5: Wealth Management and Wholesale Banking
Wealth Management #1 in discount brokerage, private investment counsel and index and quantitative management in Canada Earnings doubled year over year Committed to building the right advice channels for our customers TD Waterhouse USA - a valuable asset well positioned in the U.S. market Ear
Slide 6: Q1 2004 versus Q1 2003: Momentum Continues; Restore Return to Shareholders
Q1 2004 versus Q1 2003 : Momentum continues 203% 36% 16% 15% P&C WM Wholesale TDBFG 11 TDBFG excludes sectoral release in Q1/04 Restore Return to Shareholders Total Return to Quarterly Dividend Growth1 Shareholders in F2003 Compound Annual Growth Rate TD = 13.4% 4-bank Peer = 13.8% 53% $0.34 38% $0.
Slide 7: Capital Deployment; Moving Forward
Capital Deployment Objective - find optimum balance between Making investments that truly add immediate shareholder value Giving capital back to shareholders Growing the bank so we don’t become strategically vulnerable 13 Moving Forward We will continue to: Be in markets and businesses w
Slide 8: People Matter; Thank You!
People Matter TD Pulse results continue to improve Performance-driven culture Respect each other Celebrate success 15 Thank You ! Board of Directors Customers Shareholders Employees 16
Slide 9: Ed Clark, President and CEO, AGM March 25, 2004
Ed Clark President and CEO TD Bank Financial Group AGM March 25, 2004
TD Bank Financial Group — Shareholder Meeting (March 2004) on 6ix