Standard Chartered Plc · LSE:STAN
Standard Chartered — Investor Presentation (November 2008)
11 slides from Standard Chartered's investor presentation, November 2008
Slide 1: Standard Chartered PLC Capital Raising
Standard Chartered PLC Capital Raising Leading the way in Asia, Africa and the Middle East
Slide 2: Disclaimer
Disclaimer NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, INDIA, SOUTH AFRICA OR SWITZERLAND OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END
Slide 3: Agenda
Agenda Pre-close trading update Rationale for capital raising Transaction details Conclusion 3
Slide 4: Pre-close statement highlights
Pre-close statement highlights Macroeconomic outlook slowing, but more resilient in our markets Strong income growth Tight control of expenses balanced by continued investment for growth Continued proactive risk management 4
Slide 5: Pre-close statement highlights
Pre-close statement highlights Diverse and conservative balance sheet Mortgage portfolio average LTV of 49% Limited exposure to ABS, CRE and level 3 assets Asset quality remains good No material change since the interims Strongly liquid Net lender to money markets Well capitalised 5
Slide 6: Rationale
Rationale Further strengthens an already strong balance sheet Recognises changing market sentiments about capital levels Reinforces competitive differentiation during continued market uncertainty Provides a ‘buffer’ Positions the bank to take advantage of growth opportunities 6
Slide 7: Proposed transaction
Proposed transaction Raising US$2.7 billion in ordinary shares by way of rights issue 30 new shares for 91 existing shares Issue price 390 pence per share Discount 48.7% to previous day close and 41.6% to TERP Temasek is supportive of the issue, intends to take up its rights and is partici
Slide 8: Capital impact
Capital impact % 16.7 14.9 6.9 6.4 2.4 2.4 Tier 1 Tier 1 7.4 9.8 6.1 8.5 Jun 2008 Proforma Jun 2008 Core Tier 1 Tier 2 and 3 8
Slide 9: Timetable
Timetable Launch 24 Nov Prospectus published 26 Nov Rights dealing period 27 Nov – 17 Dec Last date for acceptance 17 Dec Rump placement 18 Dec Settlement - For shareholders 17 Dec - For rump 23 Dec 9
Slide 10: Conclusion
Conclusion Robust H2 performance Balance sheet in good shape Good asset quality Highly liquid Well capitalised Capital raising Addresses shift in investor expectations Further strengthens balance sheet giving the Bank flexibility and resilience Ensures Bank is well positioned to ca
Slide 11: Disclaimer
Disclaimer This presentation does not constitute an offer for sale of securities of Standard Chartered PLC (the “Company”) in the United States, Canada, India, South Africa or Switzerland. Such securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and
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