Goldman Sachs Inflation Protected Securities Fund Class R6 · NASDAQ:GSRUX
Goldman Sachs Inflation Protected Securities Fund Class R6 — The Goldman Sachs Group — Deutsche Bank Global Financial Services Investor Conference 2016
12 slides from Goldman Sachs Inflation Protected Securities Fund Class R6's conference presentation, May 31, 2016
Slide 1: Goldman Sachs Presentation to Deutsche Bank Global Financial Services Investor Conference
Goldman Sachs Presentation to Deutsche Bank Global Financial Services Investor Conference Gary D. Cohn President and Chief Operating Officer May 31, 2016
Slide 2: Cautionary Note on Forward-Looking Statements
Cautionary Note on Forward-Looking Statements Today’s presentation and any presentation summary on our website may include forward-looking statements. These statements are not historical facts, but instead represent only the Firm’s beliefs regarding future events, many of which, by their nature, are
Slide 3: Firmwide Overview: Strength in Fee-Based Business Segments
Firmwide Overview Strength in Fee-Based Business Segments 2015 Net Revenues Investment Banking Delivers the whole firm to >8,000 clients globally in ~100 countries across range of industries Leading advisory and equity underwriting franchise; Investing & increased debt underwriting market share1 Len
Slide 4: Investing & Lending Activities are Valuable to Our Franchise
Firmwide Overview Investing & Lending Activities are Valuable to Our Franchise 2015 Net Revenues Investing & Lending Diversified across asset classes and within each asset class Investing & Lending Investment 16% Banking Synergistic: Complement our best-in-class advice 21% with provisioning of capit
Slide 5: ICS in Focus
Firmwide Overview ICS in Focus 2015 Net Revenues GS Average ICS Net Revenues Contribution 2011–20151 Sec. Services Balance between FICC and Equities Equities Macro and across Investing & Client Lending Investment Execution geographies: 16% Banking 21% Americas ~55% Commissions EMEA ~30% and Fees APA
Slide 6: ICS Clients Overview: Diversified Client Base
ICS Clients Overview Diversified Client Base, with Steps Taken to Adapt to Environment 2015 Client Mix by Active Clients1 Active Client Growth, 2015 vs. 20111 Gov’ts/Central Banks 2% Asset Managers and Corporates PEF&I2 7% +12% Hedge Funds 22% Corporates 17% PEF&I and Gov’ts/Central Banks +1% Banks/
Slide 7: Revenues vs. Returns
Revenues vs. Returns Size of FICC and Equities Net Revenues is Not a Barometer for Success Little correlation between FICC/Equities concentration or net revenue size with firmwide ROE1 Avg. FICC and Equities Net Revs. as % of Firmwide Net Revs. $20 JPM Average FICC and Equities Net 10% $16 GS Revenu
Slide 8: Decision-Making Framework
Decision-Making Framework Optimizing Long-Term Returns for Shareholders Client Relationships Risk Credit Market Operational Reputational Return on Attributed Equity Exits/Dispositions Adapting Investing Americas Reinsurance Prime Brokerage Electronic Execution in European Insurance Mortgag
Slide 9: Adapting our Business to the Environment
Adapting our Business to the Environment Continually Adapting to Changes in Market Opportunity Set Capital Costs ICS Alternative Balance Sheet1 FICC Headcount (25)% ~(10)% 2Q13 YE 2015 2012 2015 FICC Credit and Market RWAs2 FICC Compensation & Benefits ~(30)% >(20)% 2Q13 YE 2015 2012 2015 Note: Head
Slide 10: Market-Making Revenue Drivers
Market-Making Revenue Drivers Opportunities for the Forward Global GDP ($tn)1 Structural Growth in Global Markets 90,000 2000 to 2015 ∆ 80,000 +2x Global Market 70,000 2000 to 2015 Capitalization1 +2x 60,000 50,000 Total US Bond 40,000 Market2 +2x 30,000 20,000 EM Local Bond 10,000 Market3 +16x 0 20
Slide 11: Improving our Electronic Offering
Improving our Electronic Offering Strengthening our Quantitative Capabilities Growth in GS Electronic Volumes (2015 vs. 2011) >100% ~70% ~20% ~15% ~15% ~10% 1 1 US Index CDX US Cash Credit Commodities FX Spot US Govts Euro Govts % of GS Volumes ~85% ~15% ~25% ~90% ~90% ~80% Electronic2 Strengthening
Slide 12: Goldman Sachs Presentation to Deutsche Bank Global Financial Services Investor Conference
Goldman Sachs Presentation to Deutsche Bank Global Financial Services Investor Conference Gary D. Cohn President and Chief Operating Officer May 31, 2016
The Goldman Sachs Group — Deutsche Bank Global Financial Services Investor Conference 2016 on 6ix