State Street Corporation · NYSE:STT
State Street — Barclays Capital Americas Select Conference 2011
31 slides from State Street's conference presentation, May 23, 2011
Slide 1: Extending Our Leadership
Exhibit 99.1 Extending Joseph Chairman, Chief Barclays May London 24, Executive L.2011 Capital Hooley Our President Leadership Officer Americas and Select Conference
Slide 2: Important Reminder: Forward-Looking Statements
This Reminder growth, looking or made, results Important regulators that each increased internationally; assets; ratings, impairment changes obligations will the financing collateral valuation Street to risks, possibility expenses operational Other We 2forward-looking measure variations national lev
Slide 3: Agenda
Extending This Forward Global Solutions 3Operations is State Expansion Focus Innovation Our &Street ITLeadership Transformation Agenda Financial Performance Summary
Slide 4: This is State Street
Extending This Forward Global Solutions 4Operations is State Expansion Focus Innovation Our &Street ITLeadership Transformation Agenda Financial Performance Summary
Slide 5: This is State Street
This Focused 521•Global Appendix. 29,000 2010 One Provides As Financial is ofofoperating-basis2 State Services March on the employees fund data Institutional world’s Street 31, accounting, •presented Assets 2011. Strong globally leading revenue Investors under Global onfund investment inancustody 26
Slide 6: Focused Provider of Investment Servicing and Management
This Focused 6*•research, AOne $14 Provides Astotal is of trillion ofState March of on the trading investment flow-based approximately Institutional world’s Street in31, foreign and 2011. Strong largest securities strategies research, exchange Investors $2.3 Global managers trillion lending innovati
Slide 7: Global Leadership Worldwide
This Global Worldwide Passive •ETF 1. 2. 3. 4. 5. 6. 7*7. A No No. Innovator All The Sleading Scrip ICFA Pension Pensions leader &provider5 is .1of 21NASDAQ 6 1 U.S. PState Services Global globally: global defined in Manager this Corporate Annual Issue Money Securities in and provider Institutional
Slide 8: Global Expansion
Extending This Forward Global Solutions 8Operations is State Expansion Focus Innovation Our &Street ITLeadership Transformation Agenda Financial Performance Summary
Slide 9: Strategic Direction
ForwardExpansion Global Solutions Operations 9FinancialFocus Performance Innovation & ITStrategic Transformation Direction
Slide 10: Global Expansion
ForwardExpansion Global Solutions Operations Financial 10 Focus Performance Innovation & ITGlobal Transformation Expansion
Slide 11: Global Expansion: Revenue and Employees
Forward Year Revenue1 Employees3 Non-US Operating-basis North 2000 14,471 2010 17,391 1. 2. Appendix. 3. 11 At Financial Data ended period $2.688BN $5.728BN America Employees exclude revenue1 employees3 Focus $3.45BN 12/31/002 data end. 17,281 Europe, Global the Revenue 2000 2010 presented $0.94BN 1
Slide 12: European Market Growth
Forward Global CAGR: $16.1TN 20053 European 1. 2. 3. 4. 12 AUA Total Collectives: Collectives 20104 Expansion assets represents 3.5% Focus $19.1TN Collective, market 2005 CAGR: EFAMA include ICIforecasted –all (12/05); $2.1TN 2010 Europe Pension European 14.3% seven 9/30/10; $4.1TN Pensions: to key
Slide 13: Asia/Pacific Market Growth
Forward Global CAGR: $10.4TN 20053 Asia 1. 2. 3. Reports 4. (Public 5. estimates. 13 AUA Total Collectives: BCG / Pacific 20104 Expansion Pension assets represents 9.2% (1/11) (03/05); Focus $16.2TN 2005 Collective, market CAGR: include ICI Fund, Economist –all (12/05); (9/10); $484BN 2010 Asia fore
Slide 14: Global Expansion: Acquisitions and Expanded Capabilities
Forward Global EUROPE Mourant Intesa Bank NORTH Currenex Palmeri *Investors 14ICFAof Sanpaulo Expansion Annual Accelerated Ireland IFS Focus International Financial Expanded Deutsche Added Fund Added Expanded –Expanded Bank’s hedge Contribution electronic State Administration Established fundamental
Slide 15: Top Global Custodians by AUC/AUA
Forward Top 25.0 21.5 $20 Asia 16.1 $15 7.3 5.2 $5 3.0 1.1 CitiSS NAB *Source: Morgan, 15Data 4.1 7.1 4.7 2.8 0.9 Europe 12.6 20 $25 US /SEB Pacific 3.6 AG for 4.5 2.4 0.8 Companies Company Focus Citi, $10 BNY, Trust 0.7 SIS&0.6 UFJ Global Northern Dexia State reports, 0.4 by AUC $0 Street, Expansio
Slide 16: Solutions Innovation
ForwardExpansion Global Solutions Operations Financial 16 Focus Performance Innovation & ITSolutions Transformation Innovation
Slide 17: Key Client Drivers: Investment Servicing
Forward Key •Solutions 17 Alternative Cost Heightened Growing Enhanced Data Client pressures and Focus •Innovation need analytics Drivers Investment collateral investment regulatory for on •asset transparency, Flight –management, manager Global environment servicing managers to quality Services oper
Slide 18: Key Client Drivers: Investment Management
Forward Key Solutions Building Move $446 Diverse •Strong Leading 18 Focus Increasing Cash ETFs: Investment Client billion towards investment SPDR on $260 product LDI Focus on •Innovation retirement Drivers Defined strong demand in Management manager billion brand passive cash setmanagement DB •creat
Slide 19: Operations & IT Transformation
ForwardExpansion Global Solutions Operations Financial 19 Focus Performance Innovation & IT Transformation
Slide 20: Operations & IT Transformation: Supporting Growth
Forward Operations Supporting Enabling Accelerating •Benefiting 20 Time Mergers Geographic Flexible Global Enabling Improving New products toshared Focus Productivity market global and private the & Growth development Innovation expansion IT acquisitions Client services and Transformation workforce
Slide 21: Operations & IT Transformation: Financial Profile
Forward Operations 2011 Net Cumulative Implementation •–Restructuring 21 2012: 2013: 2014: Costs Expect $156MN Benefit – 2014 are about 100% charges Focus expected in & •Net Expect 1/3 2/3 2010 IT Charges of Expenses Operating total Transformation to ofpeak the to toexpected •peak achieve total Expe
Slide 22: Financial Performance
ForwardExpansion Global Solutions Operations Financial 22 Focus Performance Innovation & ITFinancial Transformation Performance
Slide 23: Continuing Momentum
Forward Continuing New 2011 •Strong 23 KeyBusiness Enhanced Increased Board Outlook assumptions Capital approved Focus quarterly to risk •Win •Position Financial First-quarter management 75% up •for Momentum to dividend of2011 $675MN •new Well Performance performance wins positioned to in $0.18 infr
Slide 24: New Business Wins
Forward Financial New Q1 Business US Non-US *Total 24 Assets 2011 Asset Wins Asset Asset as Focus Be ($BN)* Servicing Management Performance in of Servicing Management Installed Q1 3/31/11 Servicing Management Wins ($BN)* $95 to $302 Yet –$109 Be $30 Winning $207 $170 ($BN)* to $188 Installed $61 $1
Slide 25: First-Quarter 2011 Financial Overview
Forward Financial $BUSINESS Revenue1 Expenses1 EPS1 ROE1 Positive 1. 2. Appendix. 25 in Financial Operating Millions $0.88 9.9% Operating Focus Performance $2,330 $1,683 AND data $0.75 10.0% leverage 3/31/11 presented $2,116 FINANCIAL +17.3% $1,566 Leverage2 (10) 3/31/10 represents –bps First-Quarte
Slide 26: Strong Capital Position
Forward Financial Capital 3/31/11 Under Tier Total 1. 2. description 26 The Calculated 1Capital Capital leverage Common Basel tier Ratios Actual Focus Performance 1ofcommon I21.6% based 19.6% the Reflect State 3/31/11 8.7% Ratio1 specified on Street 12.6% 6.3% 11.4% ratio Basel State –Adjusted 17.5%
Slide 27: Continued Financial Performance: Expectations
Forward •Financial 27 Continued Modest Conservative Balance Disciplined Focused Focus improvement Performance sheet onstrength executing expense approach to generate incontrol –in servicing onto Expectations management aan addressing multi-year average fee revenue Driving NIM market-driven fee planr
Slide 28: Summary
Extending This Forward Global Solutions Operations 28 is State Expansion Focus Innovation Our &Street ITLeadership Transformation Agenda Financial Performance Summary
Slide 29: Summary: Well-Positioned for Long-Term Shareholder Value
Extending Well-Positioned Deep Delivering Strong 29 Global Financial Our Long-Term Infrastructure Leadership Against and Capital Shareholder Secular Summary and Position Client Growth Value Base Trends Market Leadership in High-Growth Areas
Slide 30: State Street
STATE STREET. m4 STATE STREET.
Slide 31: State Street
STATE STREET. m4 STATE STREET.
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