Citizens Financial Group, Inc. · NYSE:CFG
Citizens Financial — Made Ready For The Future Webinar Series (January 2025)
16 slides from Citizens Financial's conference presentation, Jan 23, 2025
Slide 1: 2025 M&A Outlook
Sponsored by: 2025 M&A OUTLOOK Momentum Builds as Buyers and Sellers get into Gear Made Ready For The Future Webinar Series Presented by: 1
Slide 2: Agenda: 2025 M&A Outlook
AGENDA: 2025 M&A OUTLOOK Introductions Citizens 2025 M&A Outlook – Key Findings • Macro M&A Environment • M&A Environment Gains Strength • Factors Impacting M&A Activity • Valuation Expectations • Balanced Seller/Buyer Pools • International Interest Q&A 2
Slide 3: Meet Our Panel
MEET OUR PANEL Panelists ANDRE JEFFERS DAVID DUNSTAN DEVIN RYAN Group Chief Strategy Officer Managing Director, M&A Advisory Managing Director ANSA McAL Limited Citizens Citizens Moderator DANIELLE FUGAZY Contributing Editor ACG 3
Slide 4: Historic M&A Volumes
HISTORIC M&A VOLUMES Global Announced M&A ($B): Meaningful upside exists to more normalized levels $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 2024: $3.6T Baseline: $4.4T $1,000 Implied Upside: +24% $0 4
Slide 5: M&A Environment Gains Strength
M&A ENVIRONMENT GAINS STRENGTH Sentiment climbs to 5-year high as valuations strengthen, uncertainties recede 5
Slide 6: Strong '25 Outlook from PE and Larger Corporates
STRONG ‘25 OUTLOOK FROM PE AND LARGER CORPORATES Smaller corporates show M&A caution 6
Slide 7: Factors Driving '25 M&A Optimism
FACTORS DRIVING ‘25 M&A OPTIMISM Growth expectations and other factors cited 7
Slide 8: Outlook More Bullish on Valuations
OUTLOOK MORE BULLISH ON VALUATIONS Private equity firms and large corporates are confident about upside 8
Slide 9: Financials, TMT, and Industrials Display Momentum
FINANCIALS, TMT, AND INDUSTRIALS DISPLAY MOMENTUM Sectors expecting valuation increases in their sector 9
Slide 10: Seller Pool Pops, with Broad-Based Enthusiasm
SELLER POOL POPS, WITH BROAD-BASED ENTHUSIASM Seller sentiment grew 10pp this year, consistent trends across company sizes 10
Slide 11: International M&A Interest Remains Strong
INTERNATIONAL M&A INTEREST REMAINS STRONG Sentiment shift from 2024 carries through to this year’s survey results 11
Slide 12: 2025 M&A Outlook Report
2025 M&A OUTLOOK REPORT SEE FULL REPORT: Citizensbank.com/MA-Outlook 12
Slide 13: Disclosure | 2025 M&A Outlook
DISCLOSURE | 2025 M&A Outlook This presentation, and any materials that accompany it (referred to collectively as this “Presentation”) has been prepared by Citizens Financial Group, Inc. (NYSE: CFG)(and its subsidiaries, including Citizens Bank, N.A., and Citizens JMP Securities, LLC (collectively h
Slide 14: Disclosure Continued | 2025 M&A Outlook
DISCLOSURE CONTINUED | 2025 M&A Outlook Citizens JMP Securities, LLC (as a full-service securities firm) is engaged in securities trading and brokerage activities, and in providing investment banking, asset management, financing and financial advisory services and other commercial and investment ban
Slide 15: ©2024 Citizens Financial Group, Inc. All Rights Reserv ed
©2024 Citizens Financial Group, Inc. All Rights Reserv ed 15
Slide 16: Background and Methodology
BACKGROUND AND METHODOLOGY Background Total Mid-Market PE Firms Sector n= n= n= • Citizens and Escalent have been successfully conducting the Mid Market M&A Outlook Study for the past 14 years to identify current attitudes toward corporate development and business growth among C-Level employees of A
Citizens Financial Group — Made Ready For The Future Webinar Series (January 2025) on 6ix