Pnc Financial Services Group, Inc. (the) · NYSE:PNC

Pnc Financial Services Group, Inc. (the) — Merger or Acquisition (February 2006)

9 slides from Pnc Financial Services Group, Inc. (the)'s merger presentation, Feb 15, 2006

  1. Slide 1: Impact on PNC of the Merger of BlackRock with Merrill Lynch Investment Managers

    EXHIBIT 99.2 The PNC Financial Services Group, Inc. Impact on PNC of the Merger of BlackRock with Merrill Lynch Investment Managers February 15, 2006

  2. Slide 2: Cautionary Statement Regarding Forward-Looking Information

    Cautionary Statement Regarding Forward-Looking Information This presentation contains forward-looking statements with respect to PNC’s outlook or expectations with respect to the planned transaction between BlackRock and Merrill Lynch and the impact of the transaction on PNC’s future performance. Fo

  3. Slide 3: PNC Retains Share Ownership in Larger and More Valuable Company

    PNC Retains Share Ownership in Larger and More Valuable Company New BlackRock creates a top ten BlackRock Common Share Ownership investment manager worldwide Shares in millions 129.0 with approximately $1 trillion in assets under management Merrill Lynch 65.0* Immediately accretive to PNC’s Others P

  4. Slide 4: PNC's Estimated Gain on Transaction

    PNC’s Estimated Gain on Transaction $131.51 BlackRock Shares Market Value As of 2/10/06 Held by PNC Estimated Market Value Unrecognized Over X 44.5 million Gain Book Value $2.6 Billion $59 $72.48 Book Value Estimated 65.0 Million Increase in X 44.5 million Pre-tax After-tax Shares Issued Book Value

  5. Slide 5: Positive Financial Impact on PNC from BlackRock Transaction

    Positive Financial Impact on PNC from BlackRock Transaction Estimated 2006 Accretion to PNC’s Earnings Per Share $ millions, except earnings per share 2006 Estimate BlackRock net income from combined company $746 (a) PNC after-tax portion of BlackRock net income: After transaction $193 (b) Before tr

  6. Slide 6: © PNC

    © PNC

  7. Slide 7: Appendix

    Appendix 7

  8. Slide 8: Impact of BlackRock Deconsolidation on PNC's Balance Sheet

    Impact of BlackRock Deconsolidation on PNC’s Balance Sheet Appendix $ billions PNC BlackRock PNC Consolidated Deconsolidating Transaction Pro forma 12/31/05 Adjustments Adjustments 12/31/05 Cash $3.5 ($0.5) $3.0 Securities & short-term investments 23.6 (0.3) 23.3 Investment in BlackRock 0 0.7 $2.5 (

  9. Slide 9: Impact of BlackRock Deconsolidation on PNC's Income Statement

    Impact of BlackRock Deconsolidation on PNC’s Income Statement Appendix $ millions PNC BlackRock Estimated PNC Consolidated Deconsolidating Pro forma Pro forma 2005 Adjustments BlackRock 2005 Net interest income $2,154 ($35) $2,119 Noninterest income 4,162 (1,191) $221 (a) 3,192 Total revenue 6,316 (

PNC Financial Services Group — Merger or Acquisition (February 2006) on 6ix