Alliancebernstein Holding L.p. · NYSE:AB
Alliancebernstein Holding L.p — Goldman Sachs US Financial Services Conference 2009
13 slides from Alliancebernstein Holding L.p's conference presentation, Dec 9, 2009
Slide 1: AllianceBernstein
AllianceBernstein December 8, 2009 David A. Steyn Chief Operating Officer Goldman Sachs US Financial Services Conference
Slide 2: Cautions Regarding Forward-Looking Statements
2009 Merrill Lynch Banking and Financial Services Conference 1 AllianceBernstein.com Cautions Regarding Forward-Looking Statements Certain statements provided by management in this presentation are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 199
Slide 3: Our Core Brand is Recruiting and Mentoring People to Produce World-Class Research
2009 Merrill Lynch Banking and Financial Services Conference 2 AllianceBernstein.com Our Core Brand is Recruiting and Mentoring People to Produce World-Class Research Offices in 45 Cities in 24 Countries
Slide 4: 2009 Priorities
2009 Merrill Lynch Banking and Financial Services Conference 3 AllianceBernstein.com ü ü ü ü 2009 Priorities
Slide 5: Investment Performance
2009 Merrill Lynch Banking and Financial Services Conference 4 AllianceBernstein.com Turn Around Investment Performance Fixed Income Value Equities Growth Equities Blend Strategies Global Value International Value US Diversified Value US Large Cap Growth Global Research Growth Int’l Large Cap Growth
Slide 6: Asset Flows: Private Client
2009 Merrill Lynch Banking and Financial Services Conference 5 AllianceBernstein.com Turn Around Asset Flows: Private Client < Net flows continued to improve in 3Q09, as account closings slowed and new business activity accelerated < Strategic initiatives: = Reposition financial advisors to maximize
Slide 7: Asset Flows: Retail
2009 Merrill Lynch Banking and Financial Services Conference 6 AllianceBernstein.com Turn Around Asset Flows: Retail < Net flows continued to improve in 3Q09, primarily due to accelerating sales = Mutual fund flows were positive, dominated by fixed income = Sub-advisory flows improved, but net flows
Slide 8: Asset Flows: Institutions
2009 Merrill Lynch Banking and Financial Services Conference 7 AllianceBernstein.com Turn Around Asset Flows: Institutions < 3Q09 net outflows improved by 47% sequentially as redemptions slowed and sales increased fourfold = Increased interest from sovereign funds in fixed income offerings = Reopene
Slide 9: Asset Flows: Product Innovation
2009 Merrill Lynch Banking and Financial Services Conference 8 AllianceBernstein.com Turn Around Asset Flows: Product Innovation Thematic Investing Unconstrained Investing Distressed Credit Distressed Real Estate Individual Stock Selection
Slide 10: Exploit Sellside Research Dominance
2009 Merrill Lynch Banking and Financial Services Conference 9 AllianceBernstein.com Exploit Sellside Research Dominance < Sell-side provides financial diversification < Sell-side provides profitable growth = Research Ø Grow market share in US and Europe Ø Launch Asia research platform = Trading Ø E
Slide 11: Restore Operating Leverage
2009 Merrill Lynch Banking and Financial Services Conference 10 AllianceBernstein.com Restore Operating Leverage 5,663 4,997 4,761 4,654 4,544 4,4XX Expect to end 2009 slightly above 4,400 Headcount down >20% from 3Q08 peak
Slide 12: Restore Operating Leverage
2009 Merrill Lynch Banking and Financial Services Conference 11 AllianceBernstein.com Restore Operating Leverage Net Income & Operating Margin for 12 Months Ended September 30, 2009 Note: Amounts exclude distribution revenues/expenses, deferred compensation mark-to-market revenue/expenses impact and
Slide 13: AllianceBernstein
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