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RJF SHAREHOLDERS MEETING – Raymond James

Raymond James · Feb 19, 2015 · 71 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. RJF SHAREHOLDERS MEETING – Raymond James – slide 1
    RJF SHAREHOLDERS MEETING February 19, 2015
  2. RJF SHAREHOLDERS MEETING – Raymond James – slide 2
    TOM JAMES Executive Chairman, Raymond James Financial
  3. RJF SHAREHOLDERS MEETING – Raymond James – slide 3
    REPORT OF SHARES PRESENT
  4. RJF SHAREHOLDERS MEETING – Raymond James – slide 4
    TOM JAMES Executive Chairman, Raymond James Financial
  5. RJF SHAREHOLDERS MEETING – Raymond James – slide 5
    BOARD OF DIRECTORS SHELLEY G. BROADER GORDON L. JOHNSON JEFFREY N. EDWARDS PAUL C. REILLY BENJAMIN C. ESTY ROBERT P. SALTZMAN FRANCIS S. GODBOLD WICK SIMMONS H. WILLIAM HABERMEYER JR. SUSAN N. STORY THOMAS A. JAMES
  6. RJF SHAREHOLDERS MEETING – Raymond James – slide 6
    INDEPENDENT AUDITORS KPMG, LLP John Rodi, Lead Engagement Partner Julie Barba, Senior Manager
  7. RJF SHAREHOLDERS MEETING – Raymond James – slide 7
    THANK YOU H. WILLIAM HABERMEYER JR. Retired, Former President & CEO Progress Energy Florida
  8. RJF SHAREHOLDERS MEETING – Raymond James – slide 8
    LYNN PIPPENGER Retired, Former Raymond James Executive
  9. RJF SHAREHOLDERS MEETING – Raymond James – slide 9
    PROXY REVIEW
  10. RJF SHAREHOLDERS MEETING – Raymond James – slide 10
    RJF HIGHLIGHTS Twelve Months Twelve Months Ended Ended September 2014 September 2013 Increase* Total Revenues 4.97 billion 4.60 billion 8% Net Revenues 4.86 billion 4.49 billion 8% Net Income 480 million 367 million 31% Net…
  11. RJF SHAREHOLDERS MEETING – Raymond James – slide 11
    RAYMOND JAMES FINANCIAL Core Business Total Revenue, Fiscal Year Ended Sept. 30* 2014 2013 Asset Asset Mgmt. 4,965,460,000 Mgmt. 4,595,798,000 370 mil 293 mil RJ Bank RJ Bank 7% 6% 360 mil 356 mil 7% 8% Capital Private…
  12. RJF SHAREHOLDERS MEETING – Raymond James – slide 12
    RAYMOND JAMES FINANCIAL Core Business Pre-Tax Income, Fiscal Year Ended Sept. 30* 2014 2013 748,045,000 564,187,000 RJ Bank Private Private RJ Bank 243 mil Client Client 268 mil 32% Group Group 47% 230 mil 330 mil 41% 44%…
  13. RJF SHAREHOLDERS MEETING – Raymond James – slide 13
    RJF HIGHLIGHTS Three Months Three Months Ended Ended December 2014 December 2013 Increase* Total Revenues 1.28 billion 1.21 billion 6% Net Revenues 1.25 billion 1.18 billion 6% Net Income 126 million 117 million 8% Net Income Per…
  14. RJF SHAREHOLDERS MEETING – Raymond James – slide 14
    RJF HIGHLIGHTS Balance Sheet Highlights, as of December 31, 2014 Total Assets 24.3 billion Equity Attributable to RJF 4.3 billion Shares Outstanding 141.9 million Book Value Per Share 30.09 Leverage (Assets/ RJF Equity) 5.68x…
  15. RJF SHAREHOLDERS MEETING – Raymond James – slide 15
    RAYMOND JAMES FINANCIAL Core Business Total Revenue, Three Months Ended December 31* 2014 2013 Asset Asset 1,279,844,000 Mgmt. 1,208,774,000 Mgmt. 96 mil 100 mil RJ Bank 8% RJ Bank 8% 103 mil 84 mil 8% 7% Private Private…
  16. RJF SHAREHOLDERS MEETING – Raymond James – slide 16
    RAYMOND JAMES FINANCIAL Core Business Pre-Tax Income, Three Months Ended December 31* 2014 2013 202,908,000 178,924,000 RJ Bank RJ Bank Private 64 mil Private Client 57 mil 32% Client Group 32% Group 72 mil 93 mil 40% 46%…
  17. RJF SHAREHOLDERS MEETING – Raymond James – slide 17
    PRIVATE CLIENT GROUP TRENDS Total Revenue Pre-Tax Income Millions Annualized 3,396 Millions Annualized 372 3,277 2,931 330 2,485 2,192 230 220 215 1,912 1,568 163 849 89 93 09 10 11 12 13 14 Q1-15 09 10 11 12 13 14…
  18. RJF SHAREHOLDERS MEETING – Raymond James – slide 18
    PRIVATE CLIENT GROUP TRENDS PCG Assets Under Number of Advisors Administration RJIS RJL RJA RJFS MK Billions 459 6,210 6,197 6,265 451 6,336 403 368 5,182 5,154 5,216 249 254 223 09 10 11 12 13 14 Q1-15 09 10 11 12 13 14…
  19. RJF SHAREHOLDERS MEETING – Raymond James – slide 19
    CAPITAL MARKET TRENDS Total Revenue Pre-Tax Income Millions Millions Annualized 956 982 131 940 Annualized 828 112 102 722 622 79 83 557 76 69 235 28 09 10 11 12 13 14 Q1-15 09 10 11 12 13 14 Q1-15 12.0% CAGR 13.7%…
  20. RJF SHAREHOLDERS MEETING – Raymond James – slide 20
    ASSET MANAGEMENT GROUP TRENDS Total Revenues Annualized Pre-Tax Income Millions 400 Millions 370 Annualized 160 293 128 227 237 197 96 177 66 67 100 47 40 30 09 10 11 12 13 14 Q1-15 09 10 11 12 13 14 Q1-15 15.9% CAGR…
  21. RJF SHAREHOLDERS MEETING – Raymond James – slide 21
    ASSET MANAGEMENT GROUP TRENDS Assets Under Management: Fee-Based 160 140 120 Billions 100 80 60 40 20 - 09 10 11 12 13 14 Q1-15 AMS: non-managed AMS: managed Eagle 22.6% CAGR 5-year 2014 Assets as of September 30 of…
  22. RJF SHAREHOLDERS MEETING – Raymond James – slide 22
    RAYMOND JAMES BANK TRENDS Total Revenue Pre-Tax Income Assets Millions Annualized Millions Billions Annualized 412 268 256 13.6 240 243 343 346 356 360 12.5 11.11 10.82 277 282 173 9.7 10.5 9.0 112 80 103 64 09 10 11 12…
  23. RJF SHAREHOLDERS MEETING – Raymond James – slide 23
    RAYMOND JAMES FINANCIAL Net Interest Earnings Millions 377 Annualized 363 419 362 387 326 308 09 10 11 12 13 14 Q1-15 Other Stock Loan/Stock Borrow Retail Balances Raymond James Bank
  24. RJF SHAREHOLDERS MEETING – Raymond James – slide 24
    RAYMOND JAMES FINANCIAL Transactional vs. Recurring Revenues Percentage of Total Revenues 80% 70% 64% 61% 60% 55% 56% 56% 53% 54% 50% Recurring 40% 47% 46% 45% 44% 44% 30% 39% 36% Transactional 20% 10% 0% 09 10 11 12 13 14 Q1-15
  25. RJF SHAREHOLDERS MEETING – Raymond James – slide 25
    RAYMOND JAMES FINANCIAL RJF Stock Price vs. Sector, Five-Year Change Five Years Ended January 31, 2015 120.0% 107.9% 100.0% 85.8% Percent Change 80.0% 66.4% 60.0% 40.0% 20.0% 0.0% RJF S&P 500 DJ US Financials Index
  26. RJF SHAREHOLDERS MEETING – Raymond James – slide 26
    FINANCIAL SUMMARY 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 CAGR Total Revenues* 1,830 2,168 2,646 3,110 3,205 2,603 2,980 3,400 3,898 4,596 4,965 10.5% Net Revenues* 1,781 2,050 2,349 2,610 2,813 2,546 2,917 3,334 3,807…
  27. RJF SHAREHOLDERS MEETING – Raymond James – slide 27
    RAYMOND JAMES FINANCIAL Return on Equity 35.0 30.0 29.0 26.9 25.0 24.4 22.4 21.0 20.0 19.8 21.3 19.0 19.4 18.7 19.0 15.6 15.0 13.3 13.1 16.1 13.0 11.3 12.3 15.7 9.7 10.0 12.8 12.0* 9.7 9.7 10.6 10.6 5.0 7.9 0.0 * Q1-15…
  28. RJF SHAREHOLDERS MEETING – Raymond James – slide 28
    RAYMOND JAMES FINANCIAL Long-Term Stock Performance 200 Shares of RJF Stock Purchased at Initial Offering 365,720 400,000 16.73% Rate of Return, 350,000 Including Reinvested 300,000 Dividends 250,000 236,665 15.13% 200,000 Rate of…
  29. RJF SHAREHOLDERS MEETING – Raymond James – slide 29
    RAYMOND JAMES FINANCIAL Present Day vs. First Year as a Public Company 2014 vs. 1983 Operating Metrics Twelve Months Twelve Months Ended Ended CAGR September 2014 September 1983 31-year 2014 Increase* Total Revenues 5.0 billion…
  30. RJF SHAREHOLDERS MEETING – Raymond James – slide 30
    VOTING CLOSED
  31. RJF SHAREHOLDERS MEETING – Raymond James – slide 31
    PAUL REILLY CEO, Raymond James Financial
  32. RJF SHAREHOLDERS MEETING – Raymond James – slide 32
    Earnings Per Share (Basic) 0.00 0.20 0.40 0.80 1.00 1.20 0.60 Mar-05 Jun-05 Sep-05 Dec-05 Mar-06 Jun-06 Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09…
  33. RJF SHAREHOLDERS MEETING – Raymond James – slide 33
    CLIENT-FIRST, VALUES-BASED CULTURE INTEGRITY CLIENT FIRST INDEPENDENCE CONSERVATISM
  34. RJF SHAREHOLDERS MEETING – Raymond James – slide 34
    FINANCIAL STABILITY 20% TOTAL CAPITAL RATIO OVER 1 Billion 2X Regulatory Requirement Cash
  35. RJF SHAREHOLDERS MEETING – Raymond James – slide 35
    THE PREMIER ALTERNATIVE TO WALL STREET
  36. RJF SHAREHOLDERS MEETING – Raymond James – slide 36
    STRATEGY STRENGTHEN Invest in people, processes and technology GROW Refine and expand our offerings, recruit and acquire PROTECT Focus on clients, thoughtful risk management, long-term success
  37. RJF SHAREHOLDERS MEETING – Raymond James – slide 37
    STRENGTHEN: HUMAN RESOURCES SUPPORT
  38. RJF SHAREHOLDERS MEETING – Raymond James – slide 38
    STRENGTHEN: ADVISOR RETENTION REGRETTED ATTRITION
  39. RJF SHAREHOLDERS MEETING – Raymond James – slide 39
    STRENGTHEN: TECHNOLOGY INVESTMENT
  40. RJF SHAREHOLDERS MEETING – Raymond James – slide 40
    GROW: PRIVATE CLIENT GROUP
  41. RJF SHAREHOLDERS MEETING – Raymond James – slide 41
    GROW: ASSET MANAGEMENT Assets Under Management: Fee-Based 160 140 120 Billions 100 80 60 40 20 - 09 10 11 12 13 14 Q1-15 AMS: non-managed AMS: managed Eagle 22.6% CAGR 5-year 2014 Assets as of September 30 of each…
  42. RJF SHAREHOLDERS MEETING – Raymond James – slide 42
    GROW: CAPITAL MARKETS 1,858,550,000 The Regents of the University of California General Revenue Bonds 2013 AI-AK September 2013 135,830,000 Los Angeles Unified School District 2014 General Obligation Bonds August…
  43. RJF SHAREHOLDERS MEETING – Raymond James – slide 43
    GROW: RAYMOND JAMES BANK TAX-EXEMPT CANADIAN LENDING OPPORTUNITIES SECURITIES-BASED LENDING
  44. RJF SHAREHOLDERS MEETING – Raymond James – slide 44
    GROW: ACQUISITIONS
  45. RJF SHAREHOLDERS MEETING – Raymond James – slide 45
    PROTECT: REGULATORY ENVIRONMENT
  46. RJF SHAREHOLDERS MEETING – Raymond James – slide 46
    PROTECT: SERVICE & GIVING BACK
  47. RJF SHAREHOLDERS MEETING – Raymond James – slide 47
    PROTECT: VALUES-BASED CULTURE INTEGRITY CLIENT FIRST INDEPENDENCE CONSERVATISM
  48. RJF SHAREHOLDERS MEETING – Raymond James – slide 48
    LOOKING FORWARD
  49. RJF SHAREHOLDERS MEETING – Raymond James – slide 49
    CHALLENGES Regulatory Online Environment Trading Mobile Data Access Security Big Robo Data Advice
  50. RJF SHAREHOLDERS MEETING – Raymond James – slide 50
    CLIENT OF THE FUTURE
  51. RJF SHAREHOLDERS MEETING – Raymond James – slide 51
    TECHNOLOGY PLATFORM OF THE FUTURE
  52. RJF SHAREHOLDERS MEETING – Raymond James – slide 52
    ADVICE OF THE FUTURE
  53. RJF SHAREHOLDERS MEETING – Raymond James – slide 53
    ADVISOR OF THE FUTURE
  54. RJF SHAREHOLDERS MEETING – Raymond James – slide 54
    VALUES-BASED CULTURE INTEGRITY CLIENT FIRST INDEPENDENCE CONSERVATISM
  55. RJF SHAREHOLDERS MEETING – Raymond James – slide 55
    JEFF TROCIN President Global Equities and Investment Banking
  56. RJF SHAREHOLDERS MEETING – Raymond James – slide 56
    CAPITAL MARKETS Total Revenue Pre-Tax Income Millions Millions 956 982 131 828 102 722 622 79 83 557 76 69 09 10 11 12 13 14 09 10 11 12 13 14 12.0% CAGR 13.7% CAGR 5-year 2014 5-year 2014
  57. RJF SHAREHOLDERS MEETING – Raymond James – slide 57
    CAPITAL MARKETS Net Revenue ECM (Canada/Lat 2014 ECM 2013 -Am/Other) (Canada/Lat 108mil -Am/Other) 87mil Tax Tax Credit Credit Funds Funds ECM ECM 51mil 39mil (US/Europe) (US/Europe) 415mil 379mil Fixed Fixed Income Income…
  58. RJF SHAREHOLDERS MEETING – Raymond James – slide 58
    EQUITY CAPITAL MARKETS United States/Europe Net Revenues Millions 415 379 294 281 259 207 09 10 11 12 13 14
  59. RJF SHAREHOLDERS MEETING – Raymond James – slide 59
    EQUITY CAPITAL MARKETS United States/Europe Net Revenues Millions 415 ECM Formalized: 1996 226 207 118 53 95 99 04 09 14
  60. RJF SHAREHOLDERS MEETING – Raymond James – slide 60
    EQUITY CAPITAL MARKETS U.S. Investment Banking U.S. Corporate Finance Dept. Revenues Millions 215 194 139 126 109 64 09 10 11 12 13 14
  61. RJF SHAREHOLDERS MEETING – Raymond James – slide 61
    EQUITY CAPITAL MARKETS U.S. Investment Banking M&A/PP1 Advisory Revenues Advisory Fees 1 Million Millions 148 132 46 42 87 31 80 29 59 19 41 12 09 10 11 12 13 14 09 10 11 12 13 14 1 Merger and acquisition fees and…
  62. RJF SHAREHOLDERS MEETING – Raymond James – slide 62
    EQUITY CAPITAL MARKETS U.S. Investment Banking Common Equity Underwritings/ Registered Block Transaction Fees 1 Million 42 39 24 25 23 13 09 10 11 12 13 14
  63. RJF SHAREHOLDERS MEETING – Raymond James – slide 63
    EQUITY CAPITAL MARKETS U.S. Investment Banking Recent Accolades IB Firm of the Year: Restructuring & Turnaround 2014 8 Deals of the Year: M&A, Advisory Services, International IB Firm of the Year 2013 M&A Dealmaker of the Year:…
  64. RJF SHAREHOLDERS MEETING – Raymond James – slide 64
    EQUITY CAPITAL MARKETS U.S. Investment Banking Investment Banking Managing Directors Legacy Joined via Raymond Acquisition 2009 James/ 21 External Hires 54 2011 75 Managing Directors 2012 As of February 15, 2015
  65. RJF SHAREHOLDERS MEETING – Raymond James – slide 65
    CAPITAL MARKETS Institutional Equity Commission Revenues Millions 261 261 247 226 230 203 09 10 11 12 13 14
  66. RJF SHAREHOLDERS MEETING – Raymond James – slide 66
    EQUITY CAPITAL MARKETS Global Equity Research U.S. Equity Research 53 Senior Analysts 1 Top Conferences1 2 Small/Mid-Cap Corporate Access1 1,036 Covered Companies 2 Overall Quality 1 2 Overall Quality of Small/Mid-Cap Sales…
  67. RJF SHAREHOLDERS MEETING – Raymond James – slide 67
    EQUITY CAPITAL MARKETS U.S. Equity Research Industry Focus Market-Cap Focus Industrial 70 Financial 2-5 Real Estate Services billion 5 78 252 22.7% Health Care billion 99 34.2% Consumer 108 500mil- Technology 239 2…
  68. RJF SHAREHOLDERS MEETING – Raymond James – slide 68
    EQUITY CAPITAL MARKETS 2015 Major Growth Initiatives Life Sciences Build a meaningful Life Sciences/Biotech franchise 15-20% of recent U.S. Equity U/W fees are in the Life Sciences sector RJ has hired five professionals in the…
  69. RJF SHAREHOLDERS MEETING – Raymond James – slide 69
    TOM JAMES Executive Chairman, Raymond James Financial
  70. RJF SHAREHOLDERS MEETING – Raymond James – slide 70
    REPORT OF VOTE
  71. RJF SHAREHOLDERS MEETING – Raymond James – slide 71
    THANK YOU

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