Slide 1: Focused Forward
Focused Forward Annual Meeting of Shareholders May 22, 2014
Slide 2: Forward-looking Statements
Forward-looking Statements This presentation contains and we may, from time to time, make forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about Key’s financial condition, results of operations, earnings outlook, asset qualit
Slide 3: 2013: A Significant Year for Key
2013: A Significant Year for Key Robust loan growth Solid revenue trends Benefit from investments Improved efficiency Strong credit quality Peer-leading capital management 3
Slide 4: Who We Are: Focused Forward
Who We Are: Focused Forward Balanced, diverse franchise 2 million clients Over 1,000 branches and 1,300 ATMs Online and mobile capabilities 6 targeted industry segments 14,000 engaged and committed employees Diverse and experienced Board of Directors 4
Slide 5: A Strong, Engaged Team
A Strong, Engaged Team Our promise to employees: 5
Slide 6: Delivering Superior Service
Delivering Superior Service Our promise to clients: You will always have a champion in Key. We strive every day for your personal and business success. 6
Slide 7: Distinctive Business Model
Distinctive Business Model Key Community Bank Key Corporate Bank Local leadership & Strategic advice & community presence insights Brand awareness Targeted Industry expertise Client Relationships Convenience Seamless delivery Local capabilities Financial market expertise 7
Slide 8: Growing Client Relationships
Growing Client Relationships Key grows by building enduring relationships through client-focused solutions and extraordinary service Nine consecutive quarters of Seven consecutive quarters of average loan growth core deposit growth 8
Slide 9: Investing for Growth
Investing for Growth Redefining convenience for our clients… Strengthening our expertise and broadening our product offering… 9
Slide 10: Actively Managing Businesses
Actively Managing Businesses Key evaluates all of its businesses to maximize long-term value, aligning core businesses with core competencies Consumer and commercial Credit card payments Bank of America / Berkadia Invest Acquire Digital: online and mobile Western NY branch channels acquisition Victo
Slide 11: Improving Efficiency
Improving Efficiency Achieved cost savings target and improved cash efficiency ratio to within targeted range of 60% to 65% Committed to further improvement within and beyond targeted range 11
Slide 12: Helping Clients and Communities Thrive
Helping Clients and Communities Thrive One of America’s Most Community-minded Companies (The Civic 50) 30,000 employee volunteer hours in 2013 Diversity Inc. “Top 50” company 6x winner: “One of the Best Places to Work” (Corporate Equality Index, Human Rights Campaign) LEED platinum and Energy Star c
Slide 13: 2013: Key Outperforms Market
2013: Key Outperforms Market 70% 60% Key: +59% 50% 40% S&P Bank Index: +32% 30% 20% S&P 500: +30% 10% 0% 12/31/2012 03/31/2013 06/30/2013 09/30/2013 12/31/2013 Key stock price increased 59% in 2013, with total shareholder return of 62% 13
Slide 14: Committed to Our Shareholders
Committed to Our Shareholders 2013 Returned peer-leading 76% of net income to shareholders in 2013 – Increased quarterly dividend 10% – $474 million in share repurchases 2014 Increased quarterly dividend 18% Initiated new share repurchase program of up to $542 million Total payout ratio estimated to
Slide 15: Committed to Our Shareholders
Committed to Our Shareholders Strong, diverse and independent Board of Directors focused on maximizing shareholder value 15
Slide 16: Focused Forward
Focused Forward Or