Slide 1: Morgan Stanley Fixed Income Investor Presentation
Morgan Stanley Fixed Income Investor Presentation November 14, 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 92.3 11.0 8.7 9.0 8.8 71.7 73.0 68.9 6.1 Common Tangible Equity 75.9 72.5 Common 62.9 63.8 67.6 59.8 Equity(2) 2017 2018 2019 2020 2021 3Q22 YTD 2017 2018 2019 2020 2021 3Q22 Fully Phased-In Common Equity Tier 1 Ratio (%)
Slide 4: Strong Liquidity Position
Strong Liquidity Position Liquidity Coverage Ratio(1) (%) Average Eligible High Quality Liquid Assets(2) ($Bn) 238 240 195 206 145% 178 128% 134% 129% 134% 136% 159 2017 2018 2019 2020 2021 3Q22 2017 2018 2019 2020 2021 3Q22 Average Liquidity Resources(3) ($Bn) Liquidity Resources Composition(3) (%)
Slide 5: Diversified and Durable Funding Mix
Diversified and Durable Funding Mix Morgan Stanley Core Funding Core Funding Overview ($Bn) Shareholders’ Deposits Total GAAP 852 854 895 1,116 1,188 1,160 Equity Assets: 85 • Primarily sourced from 81 • Strong capital base 74 Wealth Management • Common stock clients supplemented by $8.8Bn 233 220 •
Slide 6: Unsecured Borrowings: Diversified and Durable Funding Structure
Unsecured Borrowings: Diversified and Durable Funding Structure Unsecured Debt Issuance and Maturities(1) 2017- Q3 2022 Unsecured Debt Issuance (%) ($Bn) By Currency By Tenor 87 1% 61 6% 10% 53 56 53 6% <3yrs 45 USD 33% 38 38 12% 16% 3-5yrs 31 29 EUR 29 5-7yrs 24 JPY 7-10yrs Other 7% 10-15yrs 75% GB
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 336 355 17 290 15 ISG 262 14 >90% 232 13 129 146 217 9 11 80 98 Investment Grade 68 72 and/or Secured of ISG exposure 114 120 120 95 107 93 62 63 71 72 47 54 WM >99%
Slide 8: Credit Ratings
Credit Ratings As of November 14, 2022 Moody’s S&P Fitch Morgan Stanley Outlook Stable Stable Stable Long-Term A1 A- A+ Short-Term P-1 A-2 F1 Subordinated Debt Baa1 BBB+ A- Preferred Stock Baa3 BBB- BBB Morgan Stanley Bank, N.A. Outlook Stable Stable Stable Long-Term Aa3 A+ AA- Morgan Stanley Privat
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 November 14, 2022