Alliancebernstein Holding L.p. · NYSE:AB
Alliancebernstein Holding L.p — Citigroup Financial Services Conference 2011
22 slides from Alliancebernstein Holding L.p's conference presentation, Mar 11, 2011
Slide 1: AllianceBernstein: Tradition and Change
AllianceBernstein: Tradition and Change Citigroup Financial Services Conference March 10, 2011 David A. Steyn Chief Operating Officer
Slide 2: Cautions Regarding Forward-Looking Statements
1 AllianceBernstein.com Cautions Regarding Forward-Looking Statements Certain statements provided by management in this news release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, unce
Slide 3: Breadth and Balance Across Channel and Geography
2 AllianceBernstein.com Breadth and Balance Across Channel and Geography By Client Domicile Firm-Wide Diversification On Annualized Fee Base of $2.1 Billion US Non-US By Channel Institutions Retail Private Client As of December 31, 2010 December 31, 2010 AUM: $478 Billion
Slide 4: The Institutions Channel: Significant Share of Global Institutional Assets
3 AllianceBernstein.com 32% 12% 10% 45% The Institutions Channel: Significant Share of Global Institutional Assets Institutional AUM $272 Billion Value As of December 31, 2010 Growth Fixed Income Index
Slide 5: The Retail Business: Sales Growth and Product Momentum
4 AllianceBernstein.com The Retail Business: Sales Growth and Product Momentum Retail Sales Growth in 2010 In US$ Billions Retail Fixed Income Global High Yield $7.3 $11.1 52% American Income 1.7 3.3 94 US Municipal Bond Funds 0.8 1.8 125 Emerging Markets Debt 0.0 0.5 — Breadth and Velocity of Sales
Slide 6: Private Client: A History of Growing Long-Term Relationships
5 AllianceBernstein.com Private Client: A History of Growing Long-Term Relationships Private Client Relationships (5)% (5)%
Slide 7: Sanford C. Bernstein: Industry Leading Research and Trading Platform
6 AllianceBernstein.com Sanford C. Bernstein: Industry Leading Research and Trading Platform Research Trading Sales < A leader in research for nearly 40 years; known for insight, independence, integrity < Today, 375 employees with seven offices in the US, Europe and Asia < Growth driven by expansion
Slide 8: AllianceBernstein and the Future of Money Management
7 AllianceBernstein.com AllianceBernstein and the Future of Money Management ü Solving the DB/DC Dilemma ü Risk Reduction Strategies (volatility and inflation risk) ü Holistic Exposure to Liquid and Illiquid Alternatives ü Appetite for Emerging Market Services ü Unconstrained, Cross-Sector Investing
Slide 9: Bringing the Best of DB to DC: ABDC Innovation in the Retirement Space
8 Integrated Multi-Insurer Guarantees Auto-Enrollment and Participant Communications Research- Driven Target-Date Construction Open- Architecture Target-Date Fund Structure Bringing the Best of DB to DC: ABDC Innovation in the Retirement Space DB Plan Benefits AUM: Over $30 Billion* *Includes won bu
Slide 10: Smoothing the Investment Ride: A Year in the Life of Dynamic Asset Allocation
9 AllianceBernstein.com “QE2” Irish Crisis Smoothing the Investment Ride: A Year in the Life of Dynamic Asset Allocation Strategic Allocation Equity Weight MSCI World Index Apr May Jun Jul Aug Sep Oct Nov Dec *Includes eligible private client assets serviced with an overlay of Dynamic Asset Allocati
Slide 11: A Comprehensive Inflation Suite: Real Investments Complement Traditional Portfolio
10 AllianceBernstein.com Cash Diversified Bonds Diversified Stocks Cash Diversified Stocks Real Assets Diversified Bonds Real Bonds A Comprehensive Inflation Suite: Real Investments Complement Traditional Portfolio Real Cash “Traditional” vs. Inflation-Protected Allocation Real Assets represents the
Slide 12: Integrated Approach to Alternative Investments
11 AllianceBernstein.com Hedge Fund Strategies Private Capital** Integrated Approach to Alternative Investments: Leading Research Influences Innovative Product Design Comprehensive < Single solution for gaining alternatives exposure through a strategic blend of third-party and proprietary hedge fund
Slide 13: Emerging Strengths: Significant Emerging Market Investment Focus
12 AllianceBernstein.com 49% 51% 37% 63% Emerging Strengths: Significant Emerging Market Investment Focus As of June 30, 2010 US$ Denominated 88% Local Currency 12% Growth 29% Blend 30% AUM: Over $40 Billion ü Appetite for Emerging Markets Dedicated Multisector Dedicated Global/ International
Slide 14: Unconstrained, Thematic Investing: Catching the Next Wave
13 AllianceBernstein.com Global Cross- Sector Disruptive Unconstrained, “Thematic” Investing: Catching the Next Wave Thematic Alpha Generation Web 2.0 Energy Transformation (re) Emerging Middle Class Genomic Age Financial Reformation ü Unconstrained, Cross-Sector Investing As of December 31, 2010
Slide 15: AB Index Strategies: Customized to Client Objectives
14 AllianceBernstein.com Objectives What Are the Client’s Needs? < Standard indices < Customized indices (i.e.; Fundamental, SRI, Green Indices) < Restricted securities Implementation How Do We Meet Those Needs? < Index replication < Stratified sampling < Derivatives How Do We Execute Those Strategi
Slide 16: Growing Abroad: Non-US Domiciled AUM of Almost $170 Billion
15 AllianceBernstein.com Growing Abroad: Non-US Domiciled AUM of Almost $170 Billion Countries and Regions with AUM Over $1 Billion As of December 31, 2010 ü The Rise of the Global Investor
Slide 17: Building an All-Weather Firm
16 AllianceBernstein.com Long Equities Fixed Income Alternatives DAA Target Date/DC Inflation Services Thematic Investing Emerging Index Building an All-Weather Firm Market Direction
Slide 18: Financial Highlights: Progress in 2010
17 AllianceBernstein.com Adjusted EPU Adjusted Operating Margins Adjusted Revenue/ Expense Trends Share Repurchases ($ Millions) Financial Highlights: Progress in 2010 18.4% 21.3% 5% 1% Adjusted Revenues Adjusted Expenses % Change 2010 vs. 2009 $1.38 $1.60 7.0 226.4 February 28, 2011 AUM: $487 Billi
Slide 19: Q & A
18 AllianceBernstein.com Q & A
Slide 20: Appendix
19 AllianceBernstein.com Appendix
Slide 21: AllianceBernstein Adjusted Financial Results Reconciliation
20 AllianceBernstein.com AllianceBernstein Adjusted Financial Results Reconciliation AllianceBernstein L.P. Notes to Condensed Consolidated Statements of Income and Supplemental Information (Unaudited) Adjusted Net Revenues Adjusted net revenues exclude investment gains and losses and dividends and
Slide 22: ALLIANCEBERNSTEIN
7B ALLIANCEBERNSTEIN
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