Goldman Sachs U.S. Financial Services Conference Vikram Pandit
|
|
- Homer Chandler
- 6 years ago
- Views:
Transcription
1 Goldman Sachs U.S. Financial Services Conference Vikram Pandit Chief Executive Officer December 6, 2011
2 Citigroup Market conditions remain challenging Industry is facing significant changes in the economic, regulatory and competitive landscape Even in this environment, Citi is executing its strategy in a consistent, results-driven manner Core Citicorp strategy and model are well-aligned with global trends 1
3 Citigroup Results $B Revenues (1) Expenses (2) $61.2 $91.1 $86.6 $61.2 $59.7 $47.8 $47.4 $ YTD' YTD'11 Credit Provisions (1,3) Net Income (2) $42.1 $51.8 $10.6 $10.1 $26.0 $(1.6) $9.9 $(19.0) YTD' YTD'11 Note: YTD 11 includes nine months to September 30, (1) Periods prior to 1Q 10 are on a managed basis. For additional information, see Citigroup's Fourth Quarter 2010 Quarterly Financial Data Supplement furnished as an exhibit to Form 8-K filed with the U.S. Securities and Exchange Commission on January 18, (2) Ex-Goodwill impairment charge of $9.6 billion ($8.7 billion after-tax) recorded in the fourth quarter of (3) Credit provisions: net loan loss reserve builds (releases), policyholder benefits and claims, provisions for unfunded lending commitments and net credit losses. 2
4 Consistent Execution is Delivering Results Reducing & De-Risking Citi Holdings Investing for Sustainable Growth in Citicorp Disciplined Expense Management Citi Holdings reduced by $538B since peak in 1Q 08 With transfer of Retail Partner Cards, represents 13% of assets YTD loss of $1.6 billion (1) International revenues are the largest and fastest-growing component of Citicorp, driven by emerging markets We have the right strategy and business model Revenues and key drivers stabilizing in NA Consumer Banking On track to achieve positive operating leverage targets Well-diversified, high quality loan portfolio (up 13% year-over-year) Citicorp investments YTD largely funded with re-engineering savings and wind-down of Citi Holdings Pacing investments to the size of opportunity in each market Building TBV and Capital Tangible book value per share (2) up 11% YoY to $49.50 Tier 1 Common capital of $115B, or 11.7% of risk-weighted assets Multiple sources of capital generation Note: YTD 11 includes nine months to September 30, (1) As reported, not adjusting for the announced transfer of the vast majority of Retail Partner Cards from Citi Holdings into Citicorp, expected to occur in the first quarter of (2) Tangible book value per share is a non-gaap measure. For additional information on this metric, please see slide 26. 3
5 Citi Holdings Reducing Assets & De-Risking $B GAAP Assets Credit Provisions % Total Assets 827 NCL 29.2 (2) (3) LLR Build/(Release) 38% % 21% Risk-Weighted Assets % 13% 1Q'08 3Q'09 3Q'10 3Q'11 3Q'11 PF (1) (3.6) (4.0) YTD'11 Net Income % Total Assets $(9.1) $(4.3) $(1.6) 38% 37% 27% 22% $(36.4) 3Q'09 3Q'10 3Q'11 3Q'11 PF (1) YTD'11 Note: YTD 11 includes nine months to September 30, (1) Preliminary. Pro forma for the announced transfer of the vast majority of Retail Partner Cards from Citi Holdings into Citicorp, expected to occur in the first quarter of (2) Periods prior to 1Q 10 are on a managed basis. For additional information, see Citigroup's Fourth Quarter 2010 Quarterly Financial Data Supplement furnished as an exhibit to Form 8-K filed with the U.S. Securities and Exchange Commission on January 18, (3) Includes provision for unfunded lending commitments. Does not include policyholder benefits and claims. 4
6 Citi Holdings Reducing Assets & De-Risking $B Citi Holdings Pre-Tax Income Local Consumer Lending Pre-Tax Income Holdings Ex-LCL Local Consumer Lending LCL Ex-Mortgage Mortgage ($3.1) (2.1) (0.2) (1.5) (1.6) (1.0) 0.9 (1.2) (0.3) (0.9) ($8.3) (2.5) 1.0 (4.1) (3.1) (5.8) 1Q 2Q 3Q 4Q Q 2Q 3Q YTD'11 Note: YTD 11 includes nine months to September 30,
7 Citi Holdings Reducing Assets & De-Risking $B Local Consumer Lending Assets North EOP Mortgages International Other 9% CRE 1% 7% Auto 2% Student 2% Personal 5% Retail Partner Cards 20% Other Mortgage Assets 3% Mortgage Loans 51% Residental 1st Mortgages Home Equity (36%) $218B as of 3Q 11 75% of Holdings Assets Note: Totals may not sum due to rounding. 4Q'08 4Q'09 4Q'10 3Q'11 6
8 Citicorp Investing for Sustainable Growth Delivering the world for our clients Unparalleled ability to serve clients in ~160 countries On the ground in ~100 countries across North, Latin, Europe, and Africa Local market deposit-gathering and asset funding Unique ability to facilitate EM-DM and EM-EM flows Focused on the world s top cities Focused on retail banking in the world s 150 largest and most important cities Existing presence in ~120 of these cities, and already the leading global cards issuer Leveraging our core historical strengths to serve clients needs Getting back to the basics of banking and capital markets Aligned with regulatory and capital objectives 7
9 Citicorp + Retail Partner Cards $B Citicorp Only Retail Partner Cards (YTD 11) Revenues (1) Expenses (2) YTD'11 with RPC YTD'11 with RPC (3) (3) Credit Provisions (1,4) Net Income (2) YTD'11 with RPC YTD'11 with RPC YTD 11 with RPC (3) (3) (3) Note: Totals may not sum due to rounding. YTD 11 includes nine months to September 30, (1) Periods prior to 1Q'10 are on a managed basis. For additional information, see Citigroup's Fourth Quarter 2010 Quarterly Financial Data Supplement furnished as an exhibit to Form 8-K filed with the U.S. Securities and Exchange Commission on January 18, (2) Excludes the 4Q 08 $9.6B pre-tax ($8.7B after-tax) goodwill impairment. (3) Preliminary. Pro forma for the announced transfer of the vast majority of Retail Partner Cards from Citi Holdings into Citicorp, expected to occur in the first quarter of (4) Credit provisions: net loan loss reserve builds (releases), policyholder benefits and claims, provisions for unfunded lending commitments and net credit losses. 8
10 Citicorp is Uniquely Global Physical Presence in ~100 Countries and Client Service in ~160 Countries North 2 GTS 2 Trading & Sales 2 Corporate Bank 1 Consumer Bank 2 Private Bank Western Europe 17 GTS 11 Trading & Sales 16 Corporate Bank - Consumer Bank 6 Private Bank World 95 GTS(1) 86 Trading & Sales 89 Corporate Bank 39 Consumer Bank 23 Private Bank LATAM 23 GTS 22 Trading & Sales 22 Corporate Bank 14 Consumer Bank 2 Private Bank 18 GTS 17 Trading & Sales CEEMEA 16 Corporate Bank 35 GTS 14 Consumer Bank 34 Trading & Sales 8 Private Bank 33 Corporate Bank 10 Consumer Bank 5 Private Bank Local Infrastructure Serving Clients / No Physical Infrastructure Note: (1) Transaction Services (GTS) offers service in over 140 countries, including non-presence countries. 9
11 Citicorp is Uniquely Global Emerging Markets Developed Markets Revenues (1) ($B) $68.4 $65.6 $ % 56% 54% 42% 44% 46% YTD'11 Income from Continuing Ops. ($B) Developed Emerging 18% Latin 20% CEEMEA 5% 8% Developed 4% North 37% 11% Western Europe $15.4 $14.8 $ % 40% 45% 43% 60% 55% YTD'11 Emerging 23% Latin 20% 12% North 30% 11% CEEMEA Western Europe Note: Totals may not sum due to rounding. YTD 11 includes nine months to September 30, (1) Periods prior to 1Q'10 are on a managed basis. For additional information, see Citigroup's Fourth Quarter 2010 Quarterly Financial Data Supplement furnished as an exhibit to Form 8-K filed with the U.S. Securities and Exchange Commission on January 18,
12 Emerging Markets Driving Global Growth Emerging Markets are Driving GDP Growth EM Trade as a % of Total World Trade E CAGR 5.7% $83T CAGR 7.4% 12.3% 25% World GDP 3.2% 2.4% $37T 49% 8.2% 1.6% EM-EM 15% DM-EM 45% 0.5% DM-DM 40% 26% 3.5% Developed Developed Total Euro Area U.S. Emerging Total Source: Citi Investment Research & Analysis 11
13 Citicorp Investing for Sustainable Growth $B S&B CVA: (1.8) (1.9) (1.0) (0.2) Revenues (1) (ex-cva) YTD 11 Revenues (ex-cva) RCB S&B GTS % 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 Net Income % Total: $48.8B 50% 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 Note: Totals may not sum due to rounding. YTD 11 includes nine months to September 30, (1) Periods prior to 1Q'10 are on a managed basis. For additional information, see Citigroup's Fourth Quarter 2010 Quarterly Financial Data Supplement furnished as an exhibit to Form 8-K filed with the U.S. Securities and Exchange Commission on January 18,
14 Citicorp Transaction Services $B Treasury & Trade Solutions 73% 27% Revenues $9.8 $ % 28% Securities & Fund Services $7.9 72% 28% YTD'11 Income from Continuing Ops. $3.8 $3.7 $2.6 Developed 4% North Emerging 23% 24% Latin 16% Emerging 30% 15% Developed 4% Western Europe 18% CEEMEA 14% North 19% Western Europe YTD'11 Latin 19% 14% CEEMEA Note: Totals may not sum due to rounding. YTD 11 includes nine months to September 30,
15 Citicorp Securities and Banking $B $ (2.1) Revenues ex-cva (1) Fixed Income Inv. Banking $ Equities All Other $ YTD'11 Developed 5% Emerging 16% Latin CEEMEA 11% 10% Western Europe 24% North 35% Income from Continuing Ops. $9.2 $6.5 $ YTD'11 Developed 2% Emerging North 17% 29% Latin 15% Western Europe 17% 20% CEEMEA Note: Totals may not sum due to rounding. YTD 11 includes nine months to September 30, (1) CVA of $1,806 million in YTD 11, $(399) million in 2010 and $(1,957) million in All Other includes Private Bank, Lending and Other Securities and Banking. 14
16 Citicorp Consumer Banking North ~300 branches EMEA ~1,000 branches Latin ~2,600 branches (1) ~700 branches $338B $310B $33B $6B 36% 35% 24% 33% 37% 3% 24% 48% 3% 15% 42% 5% 29% 38% 1% 27% Assets (2) Note: Totals may not sum due to rounding. (1) Includes ~400 branches from the Banco de Chile joint venture. (2) As of 3Q 11. Average assets and end of period deposits. (3) Last twelve months to 3Q 11. Deposits (2) Revenues (3) Net Income (3) 15
17 Citicorp Consumer Banking Developed Markets ~1,100 branches Emerging Markets ~3,500 branches (1) $338B $310B $33B $6B 37% DM North 8% 55% North 48% DM 11% 42% North 42% DM 6% 52% DM North 38% 6% 56% Assets (2) Note: Totals may not sum due to rounding. (1) Includes ~400 branches from the Banco de Chile joint venture. (2) As of 3Q 11. Average assets and end of period deposits. (3) Last twelve months to 3Q 11. Deposits (2) Revenues (3) Net Income (3) 16
18 Citicorp Consumer Banking LTM Pre-Tax Earnings, Excluding LLR Build / Release ($B) (1,2) Continuing to improve profitability both internationally and in NA 6.0 Total Consumer Banking $5.5B 6.0 North International $4.3B $1.1B Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q YTD YTD Note: Periods prior to 1Q'10 are on a managed basis and results do not reflect the transfer of approximately $2.6 billion of commercial market loans from Regional Consumer Banking to Institutional Clients Group in the third quarter of (1) Last twelve months to each period. (2) Excludes goodwill impairment charge of $2.3B for NA and $4.3B for international in 4Q
19 Fiscal Strength of Emerging Markets Distribution of Government Debt as % GDP and Average Expected GDP Growth 140% 250% 120% Italy Japan Developed Emerging Government Debt 2011 (%GDP) 100% 80% 60% 40% 20% Spain France United States Singapore United Kingdom Germany Canada Netherlands Brazil Mexico Malaysia Argentina South Africa Turkey Taiwan Australia Korea Russia Indonesia India China 0% Hong Kong -1% 1% 3% 5% 7% 9% Average GDP Growth E (%) Source: Global Economic Outlook and Strategy, Citi Investment Research & Analysis (November 28, 2011) for Average GDP Growth; World Economic Outlook Database, International Monetary Fund (October 2011) for Government Debt 18
20 Citicorp Consumer Portfolio Size Plot of Citicorp Consumer Loans for U.S. and 10 Largest International Markets ($B) Government Debt 2011 (%GDP) 140% 250% 120% 100% 80% 60% 40% 20% 0% Japan $2.9 United States $110.3 Australia $12.6 Mexico $21.7 Korea $26.2 Singapore $9.6 Brazil $7.2 Taiwan $6.0 Hong Kong $8.0 Malaysia $5.2-1% 1% 3% 5% 7% 9% Average GDP Growth E (%) Developed Emerging Size = 3Q 11 EOP Loans India $7.1 Source: Global Economic Outlook and Strategy, Citi Investment Research & Analysis (November 28, 2011) for Average GDP Growth; World Economic Outlook Database, International Monetary Fund (October 2011) for Government Debt 19
21 Citicorp Summary Model Is Well Positioned Economy Unparalleled exposure to faster-growing emerging markets Citicorp: YTD 46% of revenues and 55% of net income in EM Structural drivers of sustained EM growth in excess of developed markets Competition Regulation Long-standing global footprint with unmatched local market knowledge and expertise We have the right strategy and business model Difficult to replicate Citi s global presence and likely limited ability for peers to pursue significant M&A Less exposed to consumer regulatory changes in U.S. Immaterial bright line proprietary trading business Supportive of more transparency in derivative markets Capital Basel 3 friendly business model: Minimal B3 impact on GTS and RCB businesses Consumer base skewed to higher credit quality borrowers Institutional business focused on flow facilitation Note: YTD 11 includes nine months to September 30,
22 Citigroup Disciplined Expense Management Year-over-Year Change ($B) 8.1% 5.3% 2.8% ~ (1.4) (0.4) 35.9 ~ Operating: +$1.0B YTD 2010 Invest. Efficiency Saves All Other Operating (1) YTD 2011 FX, Legal & (2) Other YTD 2011 Year-to-date, operating expenses up 2.8% vs. last year (3) Note: Totals may not sum due to rounding. YTD includes nine months to September 30 th for each year. (1) Includes volumes, divestitures and all other operational expenses. (2) Includes a $0.4B benefit from the absence of the 2Q 10 UK bonus tax. (3) Excludes macro / episodic driven expenses, including the impact of foreign exchange translation, higher legal and related costs and other. 21
23 Citigroup Ongoing Efficiency Savings $B Efficiency Savings Roughly 75% of YTD efficiency savings driven by global Operations & Technology IT Infrastructure Other 17% & Application Development 25% Real Estate 9% Expense Resource Management Management & Labor 11% Business Re-engineering Support 22% Re-engineering 16% Year-to-Date: $1.4B ~4% of Expense Base Predominantly in IT infrastructure, labor re-engineering and business support functions (e.g., call centers and collections) Most of these savings are allocated to the businesses, as appropriate Remaining 25% generated directly by the businesses and global functions Focused on expense management In total, over 70% of YTD efficiency savings attributable to Citicorp Roughly 2/3 rd in Consumer Banking and 1/3 rd in Institutional Clients Group Note: Totals may not sum due to rounding. YTD 11 includes nine months to September 30,
24 Citigroup Building TBV and Capital Tangible Book Value Per Share (1) Tier 1 Common Capital ($B) Tier 1 Common Capital Tier 1 Common Ratio $56.99 $49.50 $104 $105 $115 $41.50 $ % 10.8% 11.7% $23 2.3% 4Q'08 4Q'09 4Q'10 3Q'11 4Q'08 4Q'09 4Q'10 3Q'11 Risk-Weighted Assets ($B): $996 $1,089 $978 $984 Note: The adoption of SFAS 166 / 167 in 1Q'10 reduced Tier 1 Common ratios by 138 basis points and increased risk-weighted assets by $24B. The exiting of the loss-sharing agreement with the U.S. Government increased 4Q 09 risk-weighted assets by approximately $136B. (1) Tangible book value per share is a non-gaap measure. For additional information on this metric, please see slide
25 Citigroup Regulatory Capital Drivers 3Q 11 ($B) Tier 1 Common Capital Risk-Weighted Assets (1) 177 Citicorp Citi Holdings (39) (30) % 78% Common. Disallowed ' Goodwill Stockholders DTA & Equity Intangibles Other Tier 1 Common Capital Total: $984B Note: Totals may not sum due to rounding. (1) Adjusted for the announced transfer of the vast majority of Retail Partner Cards from Citi Holdings into Citicorp, expected to occur in the first quarter of
26 Conclusion Remaining vigilant in risk management to protect the franchise, while continuing to invest in the future Maintaining a highly liquid balance sheet De-risking appropriately Containing exposure to Western Europe while continuing to support our important clients Managing legacy U.S. mortgage portfolio to mitigate risk Growing a high quality portfolio in Citicorp Serving the largest multi-national corporations on a global basis Building a diverse and high-quality consumer loan portfolio with a focus on faster-growing economies Disciplined expense management 25
27 Non-GAAP Financial Measures RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (in millions, except per share amounts) 9/30/ /31/ /31/ /31/2008 Citigroup's Total Stockholders' Equity $177,372 $163,468 $152,700 $141,630 Less: Preferred Stock ,664 Common Stockholders' Equity 177, , ,388 70,966 Less: Goodwill 25,496 26,152 25,392 27,132 Intangible Assets (other than Mortgage Servicing Rights) 6,800 7,504 8,714 14,159 Net Deferred Tax Assets Related to Goodwill and Intangible Assets (1,382) Tangible Common Equity (TCE) $144,717 $129,444 $118,214 $31,057 Common Shares Outstanding at Quarter-end 2, , , Tangible Book Value Per Share $ $ $ $ (Tangible Common Equity / Common Shares Outstanding) 26
28 Certain statements in this document are forward-looking statements within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission. These statements are based on management s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors, including the precautionary statements included in this document and those contained in Citigroup s filings with the U.S. Securities and Exchange Commission, including without limitation the Risk Factors section of Citigroup s 2010 Form 10-K. 27
29 Goldman Sachs U.S. Financial Services Conference Vikram Pandit Chief Executive Officer December 6, 2011
Credit Suisse Financial Services Forum John Gerspach
On February 9, 2012, Citi announced an adjustment to its fourth quarter and full year 2011 financial results to reflect an additional $209 million of after-tax ($275 million pre-tax) charges to increase
More informationCiti Financial Services Conference Vikram Pandit. March 9, 2011
Citi Financial Services Conference Vikram Pandit Chief Executive Officer March 9, 2011 Solid Foundation For Sustainable Growth Returned to profitability in 2010 Increased investments in Citicorp Continued
More informationThird Quarter 2011 Earnings Review. October 17, 2011
Third Quarter 2011 Earnings Review October 17, 2011 Highlights Continued to execute strategy in challenging environment Remain highly focused on risk management Eurozone countries Emerging markets U.S.
More informationCiti Technology Clients Summit John Gerspach. May 16, 2012
Citi Technology Clients Summit John Gerspach Chief Financial Officer May 16, 2012 Uniquely Positioned for the Future Growth in every core business in 1Q 1212 Difficult to replicate Citi s global footprint
More informationThird Quarter 2018 Earnings Review
Citi Investor Relations Third Quarter 2018 Earnings Review October 12, 2018 Overview Solid operating results in 3Q 18 Continued momentum in Institutional accrual businesses and strong results in Fixed
More informationThird Quarter 2017 Earnings Review
Citi Investor Relations Third Quarter 2017 Earnings Review October 12, 2017 Overview 3Q 17 showed strong results and balanced performance across the franchise Revenue growth and positive operating leverage
More informationFourth Quarter 2018 Earnings Review
Citi Investor Relations Fourth Quarter 2018 Earnings Review January 14, 2019 Overview 4Q 18 showed continued progress in a challenging environment Continued momentum in Institutional accrual businesses
More informationThird Quarter 2014 Earnings Review
Citi Investor Relations On October 30, 2014, Citi announced that it was adjusting downward its third quarter 2014 financial results, from those reported on October 14, 2014, due to a $600 million (pretax
More informationFourth Quarter 2011 Earnings Review January 17, 2012
On February 9, 2012, Citi announced an adjustment to its fourth quarter and full year 2011 financial results to reflect an additional $209 million of after-tax ($275 million pre-tax) charges to increase
More informationSecond Quarter 2018 Earnings Review
Citi Investor Relations Second Quarter 2018 Earnings Review July 13, 2018 Overview Solid operating results in 2Q 18 Revenue growth in all regions and across products in Consumer Continued momentum in Institutional
More informationFirst Quarter 2018 Earnings Review
Citi Investor Relations First Quarter 2018 Earnings Review April 13, 2018 Overview 1Q 18 showed strong operating results and balanced franchise performance Revenue growth in both Cards and Retail Banking
More informationSecond Quarter 2013 Earnings Review
Citi Investor Relations Second Quarter 2013 Earnings Review July 15, 2013 Overview Progress in improving consistency and quality of earnings Solid markets performance despite higher volatility Sustained
More informationFirst Quarter 2015 Earnings Review
Citi Investor Relations First Quarter 2015 Earnings Review April 16, 2015 Overview First quarter results provide a solid start to 2015 Modest revenue growth and positive operating leverage in Citicorp
More informationFourth Quarter 2017 Earnings Review
Citi Investor Relations On February 23, 2018, Citi announced that it was adjusting downward its fourth quarter and full year 2017 financial results, from those reported on January 16, 2018, due to an updated
More informationDeutsche Bank Global Financial Services Investor Conference
Citi Investor Relations Deutsche Bank Global Financial Services Investor Conference May 27, 2014 John Gerspach Chief Financial Officer Highlights Focused on execution in challenging operating environment
More informationFourth Quarter 2014 Earnings Review
Citi Investor Relations Fourth Quarter 2014 Earnings Review January 15, 2015 Overview Fourth quarter revenues impacted by more challenging macro environment Markets performance reflected difficult trading
More informationRaymond James Annual Investors Conference
Citi Investor Relations Raymond James Annual Investors Conference March 2, 2015 John Gerspach Chief Financial Officer Highlights Stronger, simpler and safer institution Compact balance sheet with strong
More informationCredit Suisse Financial Services Forum John Gerspach. February 11, 2010
Credit Suisse Financial Services Forum John Gerspach Chief Financial Officer February 11, 2010 Agenda Two distinct cycles Progress over the last two years Citicorp Citi Holdings Capital and Reserves 1
More informationThird Quarter 2009 Earnings Review. October 15, 2009
Third Quarter 2009 Earnings Review October 15, 2009 Third Quarter 2009 Summary Strong balance sheet: Tangible Common Equity substantially improved to $102B, Tier 1 Capital Ratio stable at 12.7% Franchise
More informationBank of America Merrill Lynch The Future of Financials Conference. November 16, Citi Investor Relations
Citi Investor Relations Bank of America Merrill Lynch The Future of Financials Conference November 16, 2016 Jamie Forese President, Citigroup CEO, Institutional Clients Group Institutional Clients Group
More informationBank of America Merrill Lynch The Future of Financials Conference. November 14, Citi Investor Relations
Citi Investor Relations Bank of America Merrill Lynch The Future of Financials Conference November 14, 2017 Naveed Sultan Global Head of Treasury & Trade Solutions Agenda Strong Foundation for Growth Technology-Driven
More informationBank of America Merrill Lynch The Future of Financials Conference. November 6, Citi Investor Relations
Citi Investor Relations Bank of America Merrill Lynch The Future of Financials Conference November 6, 2018 Francisco Aristeguieta CEO, Citigroup Asia Pacific Agenda Franchise Overview Asia Institutional
More informationCITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT
CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT 4Q15 HISTORICAL Page Citigroup Consolidated Financial Summary 1 Consolidated Statement of Income 2 Consolidated Balance Sheet 3 Segment Detail Net Revenues
More informationRaymond James Annual Investors Conference
Citi Investor Relations Raymond James Annual Investors Conference March 3, 2014 John Gerspach Chief Financial Officer Highlights Improved performance in 2013 reflects ongoing transformation Continued to
More informationFixed Income Investor Review
Fixed Income Investor Review John Gerspach Chief Financial Officer Eric Aboaf Treasurer October 20, 2011 Highlights Continued to execute strategy in challenging environment Remain highly focused on risk
More informationBank of America Merrill Lynch Financial Services Conference Ned Kelly
Bank of America Merrill Lynch Financial Services Conference Ned Kelly Vice-Chairman November 11, 2009 Citigroup Reorganization Citicorp Global bank for businesses and consumers Unmatched global network
More informationCitigroup Inc. (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended
More informationCitigroup Inc. (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended
More informationFixed Income Investor Review
Fixed Income Investor Review John Gerspach Chief Financial Officer Eric Aboaf Treasurer January 21, 2010 Citigroup 2009 Summary Substantial progress in 2009 Built financial strength Reduced our size and
More informationCitigroup Inc. (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended
More informationCitigroup Inc. (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended
More informationRepaying TARP and Other Capital Actions. December 14, 2009
Repaying TARP and Other Capital Actions December 14, 2009 Overview Citigroup, U.S. government and regulators agree to TARP repayment Repaying $20 billion of TARP trust preferred securities Agreement reached
More informationCITIGROUP REPORTS THIRD QUARTER 2012 EARNINGS PER SHARE OF $0.15; $1.06 EXCLUDING CVA/DVA 1, LOSS ON MSSB 2 AND TAX BENEFIT 3
For Immediate Release Citigroup Inc. (NYSE: C) October 15, 2012 CITIGROUP REPORTS THIRD QUARTER 2012 EARNINGS PER SHARE OF $0.15; $1.06 EXCLUDING CVA/DVA 1, LOSS ON MSSB 2 AND TAX BENEFIT 3 CITIGROUP NET
More informationTown Hall Meeting. November 17, 2008
Town Hall Meeting November 17, 2008 Going into 2009 Stronger than 2008 Underlying business remains strong, and revenues have been stable Expenses expected to be down 20% from peak levels Headcount expected
More informationFirst Quarter 2017 Fixed Income Investor Review
Citi Fixed Income Investor Relations First Quarter 2017 Fixed Income Investor Review April 20, 2017 John Gerspach Chief Financial Officer James von Moltke Treasurer Agenda 1Q 17 Results $4.1B of net income,
More informationSecond Quarter 2017 Fixed Income Investor Review
Citi Fixed Income Investor Relations Second Quarter 2017 Fixed Income Investor Review July 20, 2017 John Gerspach Chief Financial Officer Agenda 1H 17 Results $8B of net income, up 6% year-over-year Efficiency
More informationCITIGROUP REPORTS THIRD QUARTER 2014 EARNINGS PER SHARE OF $1.07; $1.15 EXCLUDING CVA/DVA 1
For Immediate Release Citigroup Inc. (NYSE: C) October 14, 2014 CITIGROUP REPORTS THIRD QUARTER 2014 EARNINGS PER SHARE OF $1.07; $1.15 EXCLUDING CVA/DVA 1 ANNOUNCES STRATEGIC ACTIONS IN GLOBAL CONSUMER
More informationThird Quarter 2016 Fixed Income Investor Review
Citi Fixed Income Investor Relations Third Quarter 2016 Fixed Income Investor Review October 26, 2016 John Gerspach Chief Financial Officer James von Moltke Treasurer Agenda 3Q 16 Results Earned $3.8B
More informationSecond Quarter 2018 Fixed Income Investor Review
Citi Fixed Income Investor Relations Second Quarter 2018 Fixed Income Investor Review July 26, 2018 John Gerspach Chief Financial Officer Michael Verdeschi Treasurer Agenda 1H 18 Results Net income of
More informationCITIGROUP NET INCOME OF $2.9 BILLION; $3.1 BILLION EXCLUDING CVA/DVA AND THE LOSS ON AKBANK
For Immediate Release Citigroup Inc. (NYSE: C) July 16, 2012 CITIGROUP REPORTS SECOND QUARTER 2012 EARNINGS PER SHARE 1 OF $0.95; $1.00 EXCLUDING THE IMPACT OF POSITIVE CVA/DVA 2 AND A NET LOSS ON THE
More informationThird Quarter 2018 Fixed Income Investor Review
Citi Fixed Income Investor Relations Third Quarter 2018 Fixed Income Investor Review October 25, 2018 John Gerspach Chief Financial Officer Michael Verdeschi Treasurer Agenda YTD 18 Results Net income
More informationThird Quarter 2017 Fixed Income Investor Review
Citi Fixed Income Investor Relations Third Quarter 2017 Fixed Income Investor Review October 26, 2017 John Gerspach Chief Financial Officer Michael Verdeschi Treasurer Agenda YTD 17 Results $12.1B of net
More informationCITIGROUP REPORTS SECOND QUARTER 2015 EARNINGS PER SHARE OF $1.51; $1.45 EXCLUDING CVA/DVA 1
For Immediate Release Citigroup Inc. (NYSE: C) July 16, 2015 CITIGROUP REPORTS SECOND QUARTER 2015 EARNINGS PER SHARE OF $1.51; $1.45 EXCLUDING CVA/DVA 1 NET INCOME OF $4.8 BILLION; $4.7 BILLION EXCLUDING
More information2017 Investor Day Financial Overview. John Gerspach, Chief Financial Officer July 25, 2017
2017 Investor Day Financial Overview John Gerspach, Chief Financial Officer July 25, 2017 Key Takeaways: Setting the Stage Committed to our medium and longer-term financial targets 2017 Approved for CCAR
More informationCITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT
CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT 3Q17 Page Citigroup Consolidated Financial Summary 1 Consolidated Statement of Income 2 Consolidated Balance Sheet 3 Segment Detail Net Revenues 4 Income
More informationFixed Income Investor Review
Fixed Income Investor Review John Gerspach Chief Financial Officer Eric Aboaf Treasurer April 27, 2011 Citigroup Highlights Continued making progress in 1Q 11 Citigroup earned $3.0B Emerging markets represented
More informationCitigroup Inc. (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended
More informationFourth Quarter 2017 Fixed Income Investor Review
Citi Fixed Income Investor Relations On February 23, 2018, Citi announced that it was adjusting downward its fourth quarter and full year 2017 financial results, from those reported on January 16, 2018,
More informationCITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT
CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT 4Q17 Page Citigroup Consolidated Financial Summary 1 Consolidated Statement of Income 2 Consolidated Balance Sheet 3 Segment Detail Net Revenues 4 Income
More informationFirst Quarter 2018 Fixed Income Investor Review
Citi Fixed Income Investor Relations First Quarter 2018 Fixed Income Investor Review April 20, 2018 John Gerspach Chief Financial Officer Michael Verdeschi Treasurer Agenda 1Q 18 Results Net income of
More informationCITIGROUP REPORTS FIRST QUARTER 2015 EARNINGS PER SHARE OF $1.51; $1.52 EXCLUDING CVA/DVA 1 NET INCOME OF $4.8 BILLION
For Immediate Release Citigroup Inc. (NYSE: C) April 16, 2015 CITIGROUP REPORTS FIRST QUARTER 2015 EARNINGS PER SHARE OF $1.51; $1.52 EXCLUDING CVA/DVA 1 NET INCOME OF $4.8 BILLION REVENUES OF $19.7 BILLION;
More informationCitigroup Inc. (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended
More informationFixed Income Investor Review
Fixed Income Investor Review John Gerspach Chief Financial Officer Eric Aboaf Treasurer October 16, 2009 Third Quarter Earnings Summary Strong balance sheet: Tangible Common Equity (1) substantially improved
More informationCITIGROUP REPORTS FIRST QUARTER 2013 EARNINGS PER SHARE OF $1.23; $1.29 EXCLUDING CVA/DVA 1 NET INCOME OF $3.8 BILLION; $4.0 BILLION EXCLUDING CVA/DVA
For Immediate Release Citigroup Inc. (NYSE: C) April 15, 2013 CITIGROUP REPORTS FIRST QUARTER 2013 EARNINGS PER SHARE OF $1.23; $1.29 EXCLUDING CVA/DVA 1 NET INCOME OF $3.8 BILLION; $4.0 BILLION EXCLUDING
More informationCITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT
CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT 1Q18 Page Citigroup Consolidated Financial Summary 1 Consolidated Statement of Income 2 Consolidated Balance Sheet 3 Segment Detail Net Revenues 4 Income
More informationAssurant and The Warranty Group: Creating a Leading Global Lifestyle Provider
Assurant and The Warranty Group: Creating a Leading Global Lifestyle Provider 1 Safe Harbor Statement Some of the statements included in this presentation, particularly those with respect to the proposed
More informationFixed Income Investor Review
Citi Fixed Income Investor Relations Fixed Income Investor Review July 21, 2015 John Gerspach Chief Financial Officer Agenda Execution Priorities Balance Sheet Funding $4.7B of net income (1) in 2Q 15
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 8-K
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationTo read CEO Michael L. Corbat s Letter to Shareholders, please visit citi.com/annualreport
To read CEO Michael L. Corbat s Letter to Shareholders, please visit citi.com/annualreport This page intentionally left blank. Delaware (State or other jurisdiction of incorporation or organization) 399
More informationCITIGROUP REPORTS SECOND QUARTER 2013 EARNINGS PER SHARE OF $1.34; $1.25 EXCLUDING CVA/DVA 1
For Immediate Release Citigroup Inc. (NYSE: C) July 15, 2013 CITIGROUP REPORTS SECOND QUARTER 2013 EARNINGS PER SHARE OF $1.34; $1.25 EXCLUDING CVA/DVA 1 NET INCOME OF $4.2 BILLION; $3.9 BILLION EXCLUDING
More informationCEO COMMENTARY FOURTH QUARTER 2017 RESULTS AND KEY METRICS. Adjusted ROE: 6.5% 2 Adjusted RoTCE ex. DTA: 8.9% 3. Adjusted Payout Ratio 187% 6
On February 23, 2018, Citi announced that it was adjusting downward its fourth quarter and full year 2017 financial results, from those reported on January 16, 2018, due to an updated estimate for a one-time,
More informationHSBC Holdings plc Annual Results
HSBC Holdings plc Forward-looking statements This presentation and subsequent discussion may contain certain forward-looking statements with respect to the financial condition, results of operations and
More informationGlobal Construction 2030 Expo EDIFICA 2017 Santiago Chile. 4-6 October 2017
Global Construction 2030 Expo EDIFICA 2017 Santiago Chile 4-6 October 2017 Graham Robinson Global Construction Perspectives Global Construction 2030 is the fourth in a series of global studies of the construction
More informationFirst Quarter 2008 Earnings Review. April 18, 2008
First Quarter 2008 Earnings Review April 18, 2008 Summary Income Statement ($B, except EPS) 1Q 08 1Q 07 % Net Interest Revenue $13.5 $10.6 27% Other Revenue (0.3) 14.8 NM Net Revenues $13.2 $25.5 (48%)
More informationIntraday Liquidity Monitoring Solution
Treasury and Trade Solutions Global Clearing & FI Payments Citi Academy for Financial Institutions July 2015 Intraday Liquidity Monitoring Solution Carolina Caballero Intraday Liquidity Product Manager
More informationGrowing Revenue with a Superior Balance Sheet
May 24, 2011 Growing Revenue with a Superior Balance Sheet Presented by: Todd Gibbons Vice Chairman & CFO Nomura North America Investor Day 2011 Cautionary Statement A number of statements in our presentations,
More informationWe introduce the disclosure of Risk Capital and Returns on all Product pages for each quarter of 2004 and for the six-month period
Investor Relations 399 Park Avenue New York, N.Y. 10043 To: From: The Investment Community Citigroup Investor Relations Date: July 15, 2004 Re: Changes to Disclosure Format We want to highlight several
More informationFRANKLIN TEMPLETON INVESTMENTS. Franklin Resources, Inc. Bank of America Merrill Lynch Banking and Financial Services Conference November 18, 2010
Franklin Resources, Inc. Bank of America Merrill Lynch Banking and Financial Services Conference November 18, 2010 Forward-Looking Statements The financial results in this presentation are preliminary.
More informationCEO COMMENTARY FIRST QUARTER 2018 RESULTS AND KEY METRICS. CET1 Capital Ratio 12.1% 3. ROE: 9.7% RoTCE: 11.4% 2. Payout Ratio 71% 4
For Immediate Release Citigroup Inc. (NYSE: C) April 13, 2018 FIRST QUARTER 2018 RESULTS AND KEY METRICS Efficiency Ratio 58% 1 ROE: 9.7% RoTCE: 11.4% 2 CET1 Capital Ratio 12.1% 3 EARNINGS PER SHARE OF
More informationCharting Brunei s Economy
Charting Brunei s Economy Designed to help executives catch up with the economy and incorporate macro impacts into company s planning. Annual subscription includes 2 semiannual issues published in June
More informationStrategic Update. James P. Gorman, Chairman and Chief Executive Officer January 18, 2018
Strategic Update James P. Gorman, Chairman and Chief Executive Officer January 18, 2018 Notice The information provided herein may include certain non-gaap financial measures. The reconciliation of such
More informationCitigroup Inc. (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware (State or other jurisdiction
More informationJefferies Global Healthcare Conference
Jefferies Global Healthcare Conference June 7, 2012 2012 PAREXEL International Safe Harbor This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act
More informationCiti Reports Fourth Quarter Net Loss of $8.29 Billion, Loss Per Share of $1.72
Citigroup Inc. (NYSE: C) January 16 2009 Citi Reports Fourth Quarter Net Loss of $8.29 Billion, Loss Per Share of $1.72 Net Loss from Continuing Operations of $12.14 Billion, Loss Per Share of $2.44, Primarily
More informationSan Francisco Retiree Health Care Trust Fund Education Materials on Public Equity
M E K E T A I N V E S T M E N T G R O U P 5796 ARMADA DRIVE SUITE 110 CARLSBAD CA 92008 760 795 3450 fax 760 795 3445 www.meketagroup.com The Global Equity Opportunity Set MSCI All Country World 1 Index
More informationCharting Mexico s Economy
Charting Mexico s Economy Designed to help executives catch up with the economy and incorporate macro impacts into company s planning. Annual subscription includes 2 semiannual issues published in June
More information2018 Edelman Trust Barometer
2018 Edelman Trust Barometer Snapshot Australia #TrustBarometer Trust Index A World of Distrust Average trust in institutions, general population, 2017 vs. 2018 Global Trust Index remains at distruster
More informationThis article is on Capital Adequacy Ratio and Basel Accord. It contains concepts like -
This article is on Capital Adequacy Ratio and Basel Accord It contains concepts like - Capital Adequacy Capital Adequacy Ratio (CAR) Benefits of CAR Basel Accord Origin Basel Accords I, II, III Expected
More informationDFA Global Equity Portfolio (Class F) Performance Report Q3 2015
DFA Global Equity Portfolio (Class F) Performance Report Q3 2015 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds. This presentation
More informationDFA Global Equity Portfolio (Class F) Performance Report Q2 2017
DFA Global Equity Portfolio (Class F) Performance Report Q2 2017 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds. This presentation
More informationDFA Global Equity Portfolio (Class F) Performance Report Q3 2018
DFA Global Equity Portfolio (Class F) Performance Report Q3 2018 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds. This presentation
More informationDFA Global Equity Portfolio (Class F) Performance Report Q4 2017
DFA Global Equity Portfolio (Class F) Performance Report Q4 2017 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds. This presentation
More informationFixed Income Investor Review
Citi Fixed Income Investor Relations Fixed Income Investor Review April 23, 2015 John Gerspach Chief Financial Officer Agenda 1Q 15 Milestones $4.8B of net income (1) $1.2B of DTA utilization Progress
More information2Q 2017 Highlights and Operating Results
2Q 2017 Highlights and Operating Results July 25, 2017 1 2Q 2017 Highlights and Operating Results Table of Contents Page(s) 1 Sales Overview and Highlights 4-5 2 NSS Overview 6-7 3 EES Overview 8-9 4 UPS
More informationRetail Banking and Wealth Management
Retail Banking and Wealth Management Results and Strategy John Flint, Chief Executive, RBWM John Greene, Chief Financial Officer, RBWM March 2013 Forward-looking statements This presentation and subsequent
More informationCITI REPORTS FOURTH QUARTER NET LOSS OF $8.29 BILLION, LOSS PER SHARE OF $1.72
On February 27, 2009, Citi announced a fourth quarter 2008 goodwill impairment charge and a further impairment to the intangible asset related to Nikko Asset Management. These pre-tax charges of approximately
More informationCEO COMMENTARY FOURTH QUARTER AND FULL YEAR 2018 RESULTS AND KEY METRICS ROE 9.4% 2018 RoTCE 10.9% Efficiency Ratio 57.
For Immediate Release Citigroup Inc. (NYSE: C) January 14, 2019 FOURTH QUARTER AND FULL YEAR 2018 RESULTS AND KEY METRICS 2018 Efficiency Ratio 57.4% 1 2018 ROE 9.4% 2018 RoTCE 10.9% 2 CET1 Capital Ratio
More informationLeading the way in Asia, Africa and the Middle East. Half Year Results 2013
Leading the way in Asia, Africa and the Middle East Half Year Results 2013 Forward looking statement This presentation contains or incorporates by reference forward-looking statements regarding the belief
More informationDFA Global Equity Portfolio (Class F) Quarterly Performance Report Q2 2014
DFA Global Equity Portfolio (Class F) Quarterly Performance Report Q2 2014 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds.
More informationLeading the way in Asia, Africa and the Middle East. Richard Meddings Group Finance Director
Leading the way in Asia, Africa and the Middle East Richard Meddings Group Finance Director Key messages 2013 performance has been resilient We are confident in our markets and our competitive strengths
More informationCautionary Note on Forward-Looking Statements
Cautionary Note on Forward-Looking Statements Today s presentation may include forward-looking statements. These statements represent the Firm s belief regarding future events that, by their nature, are
More informationA short history of debt
A short history of debt In the words of the late Charles Kindleberger, debt/financial crises are a hardy perennial we have been here many times before. Over the past decade and a half the ratio of global
More information*Prior periods restated for comparison (e.g. acquisitions, divestitures and securitizations).
Consolidated Financial Highlights (Excludes Merger-Related Charges) (Dollars in Millions Except Per-Share Information, Shares in Millions) Fourth Third Second First Fourth Year-to-date Quarter Quarter
More informationHSBC Holdings plc Interim Results 2012 Presentation to Investors and Analysts
A Chinese ship in Brazil s largest port, Santos. Photography: Matthew Mawson HSBC Holdings plc Interim Results 2012 Presentation to Investors and Analysts Forward-looking statements This presentation and
More informationCharting Myanmar s Economy
Charting Myanmar s Economy Designed to help executives catch up with the economy and incorporate macro impacts into company s planning. Annual subscription includes 2 semiannual issues published in June
More informationFourth Quarter Earnings Release. February 1, 2017
Fourth Quarter 2016 Earnings Release February 1, 2017 Forward looking statements We are making some forward looking statements today that use words like outlook or target or similar predictive words. Such
More informationThird Quarter Earnings Release. October 25, 2017
Third Quarter 2017 Earnings Release October 25, 2017 Forward looking statements We are making some forward looking statements today that use words like outlook or target or similar predictive words. Such
More informationFinancial wealth of private households worldwide
Economic Research Financial wealth of private households worldwide Munich, October 217 Recovery in turbulent times Assets and liabilities of private households worldwide in EUR trillion and annualrate
More informationInvestor Presentation Q3 Results. 12 November 2014
Investor Presentation Q3 Results 12 November 2014 1 Forward-looking statements This presentation contains forward-looking statements, including, but not limited to, the statements and expectations contained
More information2017 Global Trends in Investor Relations
0 2017 Global Trends in Investor Relations Primacy of Geopolitical Risk Geopolitical risk is still the number one concern for companies globally. Concern is increasing regarding the impact of emerging
More information