Morgan Stanley · NYSE:MS
Morgan Stanley — Q1 2022 Earnings Presentation
11 slides from Morgan Stanley's earnings presentation, Apr 14, 2022
Slide 1: Morgan Stanley Fixed Income Investor Presentation
Morgan Stanley Fixed Income Investor Presentation May 13, 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 95.2 92.5 11.0 8.7 9.0 71.7 73.0 68.9 6.1 Common 3.7 Equity Tangible 75.9 72.5 70.1 Common 59.8 62.9 63.8 Equity(2) 2017 2018 2019 2020 2021 1Q22 2017 2018 2019 2020 2021 1Q22 Fully Phased-In Common Equity Tier 1 Ratio (%)(3)(
Slide 4: Strong Liquidity Position
Strong Liquidity Position Liquidity Coverage Ratio(1) (%) Average Eligible High Quality Liquid Assets(2) ($Bn) 238 235 195 206 145% 178 128% 134% 129% 134% 130% 159 2017 2018 2019 2020 2021 1Q22 2017 2018 2019 2020 2021 1Q22 Liquidity Resources(3) ($Bn) Liquidity Resources Composition(3) (%) As of 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 1,222 Equity Assets: 83 • Primarily sourced from 85 • Strong capital base Wealth Management 74 clients • Common stock 230 supplemented by $7.8Bn • Con
Slide 6: Unsecured Borrowings: Diversified and Durable Funding Structure
Unsecured Borrowings: Diversified and Durable Funding Structure Unsecured Debt Issuance and Maturities(1) 2017- Q1 2022 Unsecured Debt Issuance (%) ($Bn) By Currency By Tenor 87 2% 61 6% 11% 53 56 6% <3yrs 45 USD 32% 38 38 10% 3-5yrs EUR 16% 31 29 29 5-7yrs 20 JPY 7-10yrs 9 Other 7% 10-15yrs 76% GBP
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 336 351 14 290 15 ISG 262 14 232 13 129 137 217 9 11 72 80 98 Investment Grade >90% 68 and/or Secured of ISG exposure 120 128 107 114 93 95 54 62 63 71 72 47 WM Secu
Slide 8: Credit Ratings
Credit Ratings As of March 31, 2022 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 Pr
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: Morgan Stanley Fixed Income Investor Presentation
Morgan Stanley Fixed Income Investor Presentation May 13, 2022