State Street Corporation · NYSE:STT
State Street — Shareholder Meeting (May 2016)
22 slides from State Street's shareholder meeting presentation, May 18, 2016
Slide 1: Managing Through the Short-Term, While Transforming for Long-Term Growth
Managing Through the Short-Term, While Transforming for Long-Term Growth 2016 Annual Meeting of Shareholders Wednesday, May 18, 2016 1
Slide 2: Forward-looking Statements
Forward-looking Statements This presentation contains forward-looking statements as defined by United States securities laws, including statements relating to our goals and expectations regarding our business, financial and capital condition, results of operations, investment portfolio performance a
Slide 3: Agenda
Agenda Our Company Today Managing Through the Short-Term Transforming for Long-Term Growth Our Impact Questions & Answers 3
Slide 4: Our Company Today
Our Company Today STATE STREET. 4
Slide 5: Leading Positions in High-growth Markets Around the World
Leading Positions in High-growth Markets Around the World Europe, Middle Global Americas East & Africa Asia Pacific Revenue: $10.4B Revenue: $6,273M Revenue: $3,232M Revenue: $855M AUCA: $27.5T AUCA: $20.8T AUCA: $5.4T AUCA: $1.3T AUM: $2.25T AUM: $1,452B AUM: $489B AUM: $304B Businesses Client Segm
Slide 6: Managing Through the Short-Term
Managing Through the Short-Term 6
Slide 7: Numerous Headwinds are Currently Impacting Our Industry and Clients
Numerous Headwinds are Currently Impacting Our Industry and Clients Weak Global Growth and • Declining emerging markets and stagnant developed markets Volatile Markets • Prolonged low level of market interest rates • Investor sentiment favoring risk aversion • Heightened market volatility Heightened
Slide 8: Our Near-Term Strategic Priorities are the Building Blocks for our Future Growth
Our Near-Term Strategic Priorities are the Building Blocks for our Future Growth … • Become a digital leader in financial services • Drive growth from core franchise • Continuous investment in new products and solutions to drive revenue and differentiation • Increased focus on expense management • L
Slide 9: … and are Helping Us to Deliver Positive Results Despite the Headwinds
… and are Helping Us to Deliver Positive Results Despite the Headwinds 2015 Operating-Basis (Non-GAAP) Financial Highlights1 2015 Operating- • Total fee revenue growth of 2.1%: Basis1 Highlights: – 5.3% on a constant currency basis Revenue: $10.6B • Continued focus on expense control – generated 79b
Slide 10: We Advanced our Priorities in the First Quarter 2016, While Continuing to Deliver Value
We Advanced our Priorities in the First Quarter 2016, While Continuing to Deliver Value1 Strategic Priorities 2016 Performance Through March 31, 2016 (Versus 2015 Through March 31, 2015 Where Applicable) Become a digital leader in • Continued progress on State Street Beacon IT initiatives in support
Slide 11: Transforming for Long-Term Growth
Transforming for Long-Term Growth 11
Slide 12: Our Focused Strategy Supports Our Long-Term Financial Goals and Future Growth
Our Focused Strategy Supports Our Long-Term Financial Goals and Future Growth1 LONG-TERM SHAREHOLDER VALUE Operating-Basis2 Financial Goals: Revenue Growth of 8%-12%, EPS Growth of 10%-15% and ROE of 12%-15% Building on Our Achieving a Investing in Opportunities Optimizing Strong Core Digital Enterp
Slide 13: Our Impact
Our Impact STATE STREET. 13
Slide 14: We are Positively Impacting Our Communities
We are Positively Impacting Our Communities Strong Momentum Across Citizenship and Talent • Our Foundation invested $23M in 2015 with a focus on education and workforce development • A company record of more than 116,000 hours of employee volunteer service were contributed to community organizations
Slide 15: Boston Wins is a New Model in Venture Philanthropy
Boston Wins is a New Model in Venture Philanthropy Strategy • Bring State Street’s financial and human assets together in partnership with five non-profit partners to work in coordination and collectively drive greater impact for Boston youth • Four-year effort to accelerate our impact on education
Slide 16: We're Delivering Long-Term Shareholder Value
We’re Delivering Long-Term Shareholder Value Five-Year Total Shareholder Return 1/1/2011 – 12/31/2015 64% S&P Financials 57% State Street Corp 50% Bank of New York 46% Northern Trust Corp Bank of New York Mellon Corporation Northern Trust Corporation S&P 500 / Financials – SEC State Street Corporati
Slide 17: Questions & Answers
Questions & Answers STATE STREET. 17
Slide 18: Appendix
Appendix The foregoing presentation includes financial information presented on a GAAP basis as well as on a non-GAAP, or “operating basis.” Management measures and compares certain financial information on an operating basis, as it believes that this presentation supports meaningful comparisons fro
Slide 19: Footnotes for slides 10 & 12
Footnotes for slides 10 & 12 Footnotes to slide 10: 2 Where applicable, as compared to 2014. Results presented on an operating basis, a non-GAAP presentation. Refer to Appendix included with this presentation for explanations of our non-GAAP measures and for reconciliations of our operating-basis fi
Slide 20: Reconciliations of Operating-Basis (Non-GAAP) Financial Information
S T A T E S T R E E T C O R P O R A T IO N R E C O N C ILIA T IO N S O F O P E R A T IN G - B A S IS ( N O N - G A A P ) F IN A N C IA L IN F O R M A T IO N In additio n to presenting State Street’ s financial results in co nfo rmity with U.S. generally accepted acco unting principles, referred to a
Slide 21: Reconciliations of Operating-Basis (Non-GAAP) Financial Information
S T A T E S T R E E T C O R P O R A T IO N R E C O N C ILIA T IO N S O F O P E R A T IN G - B A S IS ( N O N - G A A P ) F IN A N C IA L IN F O R M A T IO N In additio n to presenting State Street’ s financial results in co nfo rmity with U.S. generally accepted acco unting principles, referred to a
Slide 22: Reconciliations of Operating-Basis (Non-GAAP) Financial Information
ST A T E ST R EET C OR POR A T ION R EC ON C ILIA T ION S OF OPER A T IN G- B A SIS ( N ON - GA A P) F IN A N C IA L IN F OR M A T ION In addition to presenting State Street’s financial results in conformity with U.S. generally accepted accounting principles, referred to as GAAP, management also pre