Morgan Stanley · NYSE:MS
Morgan Stanley — Debt Investor Presentation (March 2024)
11 slides from Morgan Stanley's debt investor presentation, Mar 5, 2024
Slide 1: Morgan Stanley Fixed Income Investor Presentation
Morgan Stanley Fixed Income Investor Presentation As of March 5, 2024
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 92.5 97.7 91.4 90.3 11.0 11.0 73.0 9.0 9.1 Common Tangible Equity 75.9 72.5 67.1 66.5 Common 63.8 Equity(2) 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 Standardized Common Equity Tier 1 Ratio (%)(3) Supplementary Leverage Rat
Slide 4: Strong Liquidity Position
Strong Liquidity Position Liquidity Coverage Ratio(1) (%) Average Eligible High Quality Liquid Assets(2) ($Bn) 253 238 239 134% 129% 134% 132% 129% 206 178 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 Average Total Liquidity Resources(3) ($Bn) Liquidity Resources Composition(3) (%) Average Dail
Slide 5: Diversified and Durable Funding Mix
Diversified and Durable Funding Mix Morgan Stanley Core Funding Core Funding Overview ($Bn) Total GAAP 895 1,116 1,188 1,180 1,194 Shareholders’ Deposits Assets: Equity 90 85 86 74 • Strong capital base • Primarily sourced from • Common stock Wealth Management 238 264 supplemented by $8.8Bn clients
Slide 6: Unsecured Borrowings: Diversified and Durable Funding Structure
Unsecured Borrowings: Diversified and Durable Funding Structure Unsecured Debt Issuance and Maturities(1) 2019-2023 Unsecured Debt Issuance (%) ($Bn) 87 By Currency By Tenor 74 75 2% 61 61 56 4% 8% 45 6% 38 35 29 USD 16% <3yrs 12% EUR 37% 3-5yrs Other 5-7yrs JPY 6% 7-10yrs 10-15yrs 2019 2020 2021 20
Slide 7: High Quality Lending Portfolio with Disciplined Growth
High Quality Lending Portfolio with Disciplined Growth Total Loans and Lending Commitments(1) Total Loans, net of ACL(1) ($Bn), Net of ACL 377 ($Bn), As of December 31, 2023 IM Loans $0.5Bn 359 20 336 17 43 15 WM Loans 79 ISG Loans 290 $147Bn $80Bn 14 147 18 262 146 13 129 12 98 Of which ~$7Bn CRE,
Slide 8: Credit Ratings
Credit Ratings As of March 5, 2024 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 Private Ba
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 (Continued)
End Notes (Continued) 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 measur
Slide 11: Morgan Stanley Fixed Income Investor Presentation
Morgan Stanley Fixed Income Investor Presentation As of March 5, 2024
Morgan Stanley — Debt Investor Presentation (March 2024) on 6ix