financial_analysis
at position 95–100%
71 slides where a page of type financial analysis falls in the 95–100% range of its deck.
2017 Bond Cap Internet Trends 2017
“...@ Current Course / Speed (& If Government Projections are Correct)... USA Net Debt / GDP Ratio Will Break WWII Record by 2035...”
USA Net Debt / GDP Ratio Will Break WWII Record by 2035...
105% · Net Debt / GDP Ratio
2017 Bond Cap Internet Trends 2017
“USA Entitlements = 63% of Spending vs. 45% 25 Years Ago... Interest Expense Down as % Owing to Interest Rate Declines...”
Change by Category, 1991-2016: Debt: +$11T / +427%; Entitlements: +$1.8T / +307%; Non-Defense Discretionary: +$387B / +181%; Defense: +$264B / +83%; Net Interest Cost: +$46B / +24%
63% · US Mandatory Entitlements
2017 Bond Cap Internet Trends 2017
“...USA Entitlements = +$1.8 Trillion Over 25 Years... Paced by Medicare + Medicaid Growth...”
...USA Entitlements = +$1.8 Trillion Over 25 Years... Paced by Medicare + Medicaid Growth...
$1.8T · Mandatory Outlays
2017 Bond Cap Internet Trends 2017
“Household Debt = Back @ Peak (Q3:08) Level & Rising... Now vs. Q3:08 = Mortgage Debt (-7%) / Student Loans (+120%) / Auto Loans (+44%)”
Household Debt = Back @ Peak (Q3:08) Level & Rising... Now vs. Q3:08 = Mortgage Debt (-7%) / Student Loans (+120%) / Auto Loans (+44%)
$13T · Total Household Debt
2018 Bond Cap Internet Trends 2018
“...USA Income Statement = Net Loses in 45 of 50 Years”
45 of 50 · Annual Net Profit / Loss
2018 Bond Cap Internet Trends 2018
“Net Debt / GDP Ratio = Highest Level Since WWII”
105% · Net Debt / GDP Ratio
2018 Bond Cap Internet Trends 2018
“USA Entitlements = 63% vs. 42% of Government Spending Thirty Years Ago...”
1987 -> 2017 Change: Debt* +$13T (+650%), Entitlements +$2.1T (+498%), Non-Defense Discretionary +$448B (+277%), Defense +$308B (+109%), Net Interest Cost: +$124B (+89%)
63% · Government Spending Composition
2018 Bond Cap Internet Trends 2018
“USA Entitlements Growth Over 30 Years = Looking @ Numbers...Closer to Home”
34% · Entitlement payout as % of household income
Hydrogen applications and business models
“An FCEV train with H2 by grid could save CO2 if grid emissions are below 300g/kWhe at a lower avoidance cost than electrification”
FCEV trains appear as a strong alternative to railway electrification at a lower carbon avoidance cost.
$4,500 · Carbon Abatement Cost
Infrastructure beyond COVID-19
“During 2020, the market prices for recoverable materials was low, making the economics of resource recovery technology and infrastructure more challenging”
These lower prices for recovered materials make the economics of investment in recovery infrastructure more challenging, although the impact is likely to be short term and recover with COVID-19 recove
Southeast Asia's Green Economy
Singapore | Investment landscape
2024 total = $2,681 million (~33% of SEA-6)
$2,681 million · Private green investments
20240220 Barclays FY2023 Results and Investor Update Present
“Commercial Real Estate exposure is modest and well managed”
Well diversified portfolio across sectors and underlying counterparties; Prudent lending policy for over three decades; Further to the low LTV position, additional support provided by synthetic protec
£15.8bn · CRE exposure
20240220 Barclays FY2023 Results and Investor Update Present
Risk weighted assets
342.7 · Risk weighted assets
20240220 Barclays FY2023 Results and Investor Update Present
“CET1 ratio with significant headroom to MDA”
13.8% · CET1 ratio
20240220 Barclays FY2023 Results and Investor Update Present
“Operating with a prudent buffer to each tier of capital requirements”
Operating with prudent buffers at each part of the capital stack to manage FX and RWA movements.
20.1% · Capital ratio
20240220 Barclays FY2023 Results and Investor Update Present
TNAV per share
331 · TNAV per share
e-Conomy SEA 2021 Roaring 20s: The SEA Digital Decade
“Large contraction in online travel offset by double-digit growth everywhere else”
$39 · GMV
e-Conomy SEA 2021 Roaring 20s: The SEA Digital Decade
“2021 deal value has skyrocketed, mainly fueled by foreign and domestic investment and government incentives”
$1,368M · Deal value ($M)
e-Conomy SEA 2020 At full velocity: Resilient and racing ahe
Thailand Investment in Internet sector
199 · Deal value (US $M)
e-Conomy SEA 2020 At full velocity: Resilient and racing ahe
Investment in Internet sector
935 · Deal value (US $M)
e-Conomy SEA 2021 Roaring 20s: The SEA Digital Decade
“Deal activity grows by ~60% but deal value drops by half, reflecting investor caution in deploying late-stage capital”
0.7 · Private funding value
e-Conomy SEA 2021 Roaring 20s: The SEA Digital Decade
“E-commerce raises ~$230M in H1 2022 to become the investor favourite, followed by online media at ~$190M”
$230M · Private funding value
2013 Bond Cap Internet Trends 2013
“USA, Inc. – Biggest Gap Between Revenue & Expenses in USA History Outside of World War I & II”
Biggest Gap Between Revenue & Expenses in USA History Outside of World War I & II
2013 Bond Cap Internet Trends 2013
“Where Your Tax Dollars Go – Entitlements = 59%”
59% · Federal spending allocation
2022 Benedict Evans 2022 The New Gatekeepers
“But what’s the job to be done?”
mi guide to the markets uk
US asset returns by holding period
61% · Annualised total returns
2021 Benedict Evans 2021 Three Steps to the Future
“Tesla's current valuation presumes it will capture more value than the entire global car industry”
Tesla's current valuation presumes it will capture more value than the entire global car industry
$1,250bn · Enterprise value
guide to the markets asia
60/40 stock-bond portfolio during market shocks
46% · Excess return vs cash
FY24 Results and Progress Update Presentation
“CET1 ratio with significant headroom to MDA”
Continue to have significant capital flexibility to manage these requirements.
13.6% · CET1 ratio
FY24 Results and Progress Update Presentation
“Operating with a prudent buffer to each tier of capital requirements”
Operating with prudent buffers at each part of the capital stack to manage FX and RWA movements.
19.6% · Capital Ratio
Befesa Investor Presentation Goldman Sachs 4th Annual Carbon
Consolidated key financials
Adjusted EBITDA decreased by 8% yoy to €42m in Q3 2023; Lower zinc & aluminium prices, unfavourable zinc TC, partially offset by improved volumes, better hedges, lower energy prices and synergies
€42m · Adjusted EBITDA
Befesa Investor Presentation Goldman Sachs 4th Annual Carbon
Steel Dust Recycling Services
Adjusted EBITDA decreased by 4% yoy to €35m in Q3 2023, mainly due to lower zinc prices and unfavourable zinc TC, partially offset by improved volumes, hedges, lower coke price and synergies
€34.6m · Adjusted EBITDA
Befesa Investor Presentation Goldman Sachs 4th Annual Carbon
“EBITDA decreased by 26% yoy to €8m in Q3 2023, mainly due to lower aluminium prices partially offset by improved volumes (Hanover back in operations) and lower energy prices”
EBITDA decreased by 26% yoy to €8m in Q3 2023, mainly due to lower aluminium prices partially offset by improved volumes (Hanover back in operations) and lower energy prices
€8m · EBITDA
Befesa Investor Presentation Goldman Sachs 4th Annual Carbon
Cash flow, net debt & leverage
Cash on hand at €81m providing >€150m liquidity; Net debt increased to €633m driven by lower earnings; Net leverage of x3.38
x3.38 · Net leverage
rapporto di sostenibilita ey italia eng
Financial value
Our ability to achieve our ambition and fulfil our purpose depends on our financial, sustained and sustainable success.
+23.2% · Revenue
May Macro Brief Consumer spending in flux
“Government bond yields remain elevated for most major economies despite some recent monetary policy easing, while the USD has depreciated considerably since April 2nd”
Softening USD and a stronger Yuan
4.5% · 10-year government bond yield
Grocery profitability outlook –Europe
“5. The increasing share or private label positively impacts EBITDA margin by 0.0pp to +0.2pp”
In low case with 31% private label share by 2029, and assuming a 5% better gross margin of private label, the total impact on the EBITDA is 0.0pp
+0.2pp · EBITDA margin
Barclays H12023 Results Presentation
H123 Head Office Financial Highlights
(239) · Attributable loss
20230215 Barclays FY22 Results Presentation
FY22 CIB / FY22 CC&P
3,364 · Attributable profit
Presentation+Leonardo+GS+Investor+Meeting
Covenant FY2021
1.2 · Group Net Debt / EBITDA
International Comparison of Australia’s Freight and Supply C
“Australia’s domestic supply chain is more expensive than Ukraine’s, notwithstanding Ukraine’s larger transport distances and ageing infrastructure”
Increasing competition in the Ukrainian ports industry, related to increasing public and private investment in the supply chain, has driven throughput efficiency and lowered port costs.
76 · AUD per tonne
Lazard LCOE+
Levelized Cost of Hydrogen Comparison—Methodology
Lazard’s LCOH analysis consists of creating a model representing an illustrative project for each relevant technology and solving for the $/kg value that results in a levered IRR equal to the assumed
$7.37 · Levelized Cost of Hydrogen ($/kg)
Multi-regional transmission model
“Emissions by Region under Low Carbon Price”
Newmark May 2023 FI Conference Presentation Vf Final
Liquidity Analysis
$211,165 · Total Liquidity
Scalar calibration For Life insurance business
Japan GCC Scalar Comparison
The current GCC Japan Life Scalar saw a significant increase from 101% to 124% in the current analysis.
124.00% · Scalar percentage
Investor Presentation 022323 DB summit
Q1 2023 estimated fleet-wide expenses(1)
Plan to voluntarily prepay $8.75 million of debt in Q1 2023
$9,517 · Total Expenses
Scalar calibration For Life insurance business
“Proposed Japan Specific Health Adjustment Factor (2023)”
The analysis produces a 72.46% Adjustment Factor that can be applied directly to the proposed Japan Life Scalar similar to the previously adopted methodology and scalar.
72% · Health Adjustment Factor
US Credit Card Issuer Performance 1Q 2023
P/B ratio at company level (card specialists)
US Credit Card Issuer Performance 1Q 2023
P/B ratio at company level (diversified issuers)
Aluminum Cans Market Assessment - Australia
“Aluminium cans collection is economically viable across both streams, due to their high material value”
CDS material is of higher value and is very clean - typically trades on the international market at 65-75% of LME
2,450 · Profit
tifs investor presentation deutsche bank 17 june 21
Full Year 2020: High Level Income Statement
Adjustments primarily relate to certain non-cash and non-operational expenses.
(252) · Profit / (Loss) for the Period
New US tax/tariff proposals and their impact on the US autom
“The GOP plan would pretty much wipe out all profits of OEMs US operations and turn all but Ford and GM into loss making”
-9.3% · US Net profit %
TSN Barclays Consumer Staples FINAL
Segment operating income and operating margin reconciliations
$2,361 · Adjusted operating income
QDEL JPM 2024 Presentation vfinal 010824 9 am PT
Q3 2023 YTD Pro Forma Revenue by Region, Business Unit, and Category
$2,255.2 · Revenue
1100 Aircastle
LTM Operating Revenues
$1,144.9 · Operating Revenue
Calumet+Inc.+Carbonomics+Investor+Presentation+Final+11+Nov.
RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA
260.5 · Adjusted EBITDA
20240220 Barclays FY2023 FI Call Slides
“Meaningful structural hedge income uplift YoY”
£3.8bn already locked-in for FY24
£3.6bn · Gross hedge income
Innovation Unleashed Building a culture that drives sustaine
Statistical correlation between mindsets and practices
However, for the entire 2017–23 period, the Straggler would have foregone $11.8 billion of potential revenue.
0.71 · Correlation coefficient (mindsets vs. practices)
2024 Bond Cap USA report 2025 exhibits
“Future Federal Deficit Growth, per CBO = Almost Entirely a Function of Rising Net Interest Costs... Forecast @ ¾ of Deficit by 2054E”
Net Interest: 6.3% of GDP in 2054
6.3% · Net Interest as % of GDP
Investor Presentation Deck
Non-GAAP Financial Information (Unaudited)
610,517 · Adjusted Net Income
Dissecting 2021-22 Budget Speech
2021/22 Annual Budget Speech: Excise Duty on Cigarettes
N$44.99 · Cost breakdown
Barclays+Investor+Presentation+vFINAL
“Reconciliation of Net Income (Loss) to Adjusted EBITDA”
$67.7 · Adjusted EBITDA
200917 Credit Suisse Basic Materials Conference
“Q2 2020: Consumer Health affected by trade inventory adjustments after strong first quarter”
Sales development impacted by trade inventory build-up in Q1 related to COVID-19 and slowdown in store traffic.
1,201 · Sales
2023 Goldman Conference Presentation
“Significant upside from securities portfolio accretion”
~41% · TBV/share accretion
e-Conomy SEA 2023 report: Indonesia
“Pendanaan turun pesat di semua sektor hingga kurang dari $1 miliar pada H1 2023”
$0.4bn · Private funding
e-Conomy SEA 2023 report: Vietnam
“Giá trị đầu tư tư nhân tăng vào nửa đầu 2023”
0,6 · Private investment value
e-Conomy SEA 2023 report: Thailand
“มูลค่าการลงทุนกลับมาอยู่ในระดับปกติหลังจากพุ่งสูงในช่วงครึ่งหลังของปี 2022”
1.6 · Private investment value
e-Conomy SEA 2023 report: Philippines
“Nananatiling halos consistent ang mga investment sa nakalipas na anim na buwan”
Halaga ng pribadong pagpopondo ($B)
0.2 · Private funding ($B)
e-Conomy SEA 2023 report: Malaysia
“Funding declines across the board, including in previously popular sectors like e-commerce and DFS”
Private funding value ($B)
$0.2B · Private funding value
ecb.forumcentbankpub2024 Hatzius presentation.en
“Under Standard Taylor Rule, Proposed Tariffs Point to Modestly Lower Policy Rate in the Euro Area but Higher Rate in the US”
e-Conomy SEA 2023 report: Singapore
“Funding continues a steady decline in 2023, setting the tone for the wider SEA region”
Private funding value ($B)
$2.8B · Private funding value