Canadian Imperial Bank Of Commerce · TSX:CM
Canadian Imperial Bank Of Commerce — Merger or Acquisition (July 2011)
11 slides from Canadian Imperial Bank Of Commerce's merger presentation, Jul 15, 2011
Slide 1: CIBC Grows Asset Management Business with Investment in American Century Investments
CIBC Grows Asset Management Business with Investment in American Century Investments July 15, 2011
Slide 2: A Note about Forward-Looking Statements
A Note about Forward-Looking Statements From time to time, we make written or oral forward-looking statements within the meaning of certain securities laws, including in this presentation, in other filings with Canadian securities regulators or the U.S. Securities and Exchange Commission and in othe
Slide 3: Growing Asset Management is aligned to CIBC's strategic imperative
Growing Asset Management is aligned to CIBC’s strategic imperative Deliver consistent and sustainable performance over the long term Balance sheet strength and capital deployment Asset Management has attractive growth opportunities consistent with CIBC’s strategy Attractive financial performance a
Slide 4: Transaction Summary
Transaction Summary Description Acquiring a 41% equity interest in American Century Investments 10.1% of voting rights; 2 of 10 Board seats Customary minority protections Consideration ~ US$ 848 million in cash Determined by independent valuator and based on how similar public US asset man
Slide 5: Momentum in CIBC Asset Management
Momentum in CIBC Asset Management Assets under Management(1) ($B) 58.6 60.8 66.0 70.8 All-time high asset levels and positive gains in market share Leadership position in managed solutions 2008 2009 2010 2011 Mutual Fund Long-term Net Sales(2) ($B) 2.4 3.0 1.2 Record Mutual Fund long-term net
Slide 6: Investment in American Century Strengthens our Existing Asset Management Platform
Investment in American Century Strengthens our Existing Asset Management Platform Complementary investment capabilities Enhanced U.S. and international capabilities for our Canadian institutional clients Solid fund performance across asset classes Growth and diversification Participation i
Slide 7: Overview of American Century Investments
Overview of American Century Investments A premier investment management Assets under Management(1) firm with strong performance, (US$B) brand recognition, and risk 112 management culture 102 103 Ranked #19 by size of mutual fund 85 AUM in the US(2) 70 Headquartered in Kansas City with offices
Slide 8: A Similar Momentum Story at American Century Investments
A Similar Momentum Story at American Century Investments Long-term Net Sales(1) (US$B) 6.9 3.7 2.9 Solid long-term net sales Well diversified distribution capability -3.5 2008 2009 2010 2011 YTD % of AUM Rated 4/5 Star by Morningstar(2) Ranked 3rd among its peer group by Morningstar with 65% o
Slide 9: American Century Investments Provides Diversification of Distribution and Investment Capabilities
American Century Investments Provides Diversification of Distribution and Investment Capabilities AUM by Channel(1) Diversified distribution across Direct intermediary, institutional and 27% Intermediary 37% direct clients Growing international presence with $6 billion under management Instituti
Slide 10: Strategic Takeaways
Strategic Takeaways Expansion in asset management is a key element of CIBC’s strategy to deliver consistent, sustainable earnings growth within our risk appetite Diversifies CIBC’s earnings: fee-based revenue, geographic diversification Supports international expansion and complements CIBC capab
Slide 11: Q&A
Q&A
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