Morgan Stanley · NYSE:MS
Morgan Stanley — Q4 2021 Earnings Presentation
12 slides from Morgan Stanley's earnings presentation, Jan 19, 2022
Slide 1: Morgan Stanley Fixed Income Investor Presentation
Morgan Stanley Fixed Income Investor Presentation March 7, 2022
Slide 2: Notice
Notice The information provided in this presentation may include certain non-GAAP financial measures. The definition of and/or reconciliation of such measures to the comparable U.S. GAAP figures are included in this presentation, or in the Company’s Annual Report on Form 10-K (‘Form 10-K’), Definiti
Slide 3: Strong Capital Position
Strong Capital Position Net Income(1) ($Bn) Common Equity ($Bn) 15.0 97.7 92.5 11.0 8.7 9.0 71.7 73.0 68.9 6.1 Common Tangible Equity Common 75.9 72.5 59.8 62.9 63.8 Equity(2) 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 Fully Phased-In Common Equity Tier 1 Ratio (%)(3)(4) Fully Phased-In U.S.
Slide 4: Strong Liquidity Position
Strong Liquidity Position Liquidity Coverage Ratio(1) (%) Average Eligible High Quality Liquid Assets(2) ($Bn) 238 195 206 145% 178 128% 134% 129% 134% 159 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 Liquidity Resources(3) ($Bn) Liquidity Resources Composition(3) (%) As of 12/31/21 0% 356 2% 3
Slide 5: Diversified and Durable Funding Mix
Diversified and Durable Funding Mix Morgan Stanley Core Funding Core Funding Overview ($Bn) Shareholders’ Total GAAP Deposits 852 854 895 1,116 1,188 Equity Assets: • Primarily sourced from 85 • Strong capital base Wealth Management 74 clients • Common stock supplemented by $7.8Bn • Continue to opti
Slide 6: Unsecured Borrowings: Diversified and Durable Funding Structure
Unsecured Borrowings: Diversified and Durable Funding Structure Unsecured Debt Issuance and Maturities(1) 2017-2021 Unsecured Debt Issuance (%) ($Bn) By Currency By Tenor 87 2% 6% 11% 61 6% 56 <3yrs 53 USD 45 32% 3-5yrs 11% EUR 17% 38 38 31 JPY 5-7yrs 29 29 Other 7-10yrs 7% 10-15yrs GBP 75% 14% ≥15y
Slide 7: High Quality Lending Portfolio with Disciplined Growth
High Quality Lending Portfolio with Disciplined Growth Total Loans and Lending Commitments(1) ($Bn), Net of ACL High Quality Portfolio 336 290 15 262 ISG 217 232 11 13 14 98 129 Investment Grade >90% 9 72 80 and/or Secured of ISG exposure 68 107 114 120 − COVID focus sectors <10% of ISG lending expo
Slide 8: Credit Ratings
Credit Ratings As of December 31, 2021 Moody’s S&P Fitch Morgan Stanley Outlook Stable Positive Positive Long-Term A1 BBB+ A Short-Term P-1 A-2 F1 Subordinated Debt Baa1 BBB BBB+ Preferred Stock Baa3 BB+ BBB- Morgan Stanley Bank, N.A. Outlook Stable Stable Positive Long-Term Aa3 A+ A+ Morgan Stanley
Slide 9: End Notes
End Notes This presentation may include certain metrics, including non-GAAP financial measures, which we believe to be useful to us, investors, analysts and other stakeholders by providing further transparency about, or an additional means of assessing, our financial condition and operating results.
Slide 10: End Notes
End Notes These notes refer to the financial metrics presented on Slide 3. 1. Net Income Applicable to Morgan Stanley. 2. Tangible Common Equity (‘TCE’) equals common equity less goodwill and intangible assets net of allowable mortgage servicing rights. TCE is a non-GAAP financial measure that the F
Slide 11: Legal Disclaimer
Legal Disclaimer We have prepared this document solely for informational purposes. You should not definitively rely upon it or use it to form the definitive basis for any decision, contract, commitment or action whatsoever, with respect to any proposed transaction or otherwise. You and your director
Slide 12: Morgan Stanley Fixed Income Investor Presentation
Morgan Stanley Fixed Income Investor Presentation March 7, 2022