Malad Escorts, (Pooja 09892124323), Malad Call Girls Service
Q3 2009 Earning Report of Citigroup Inc.
1. Fixed Income Investor Review
John Gerspach
Chief Financial Officer
Eric Aboaf
Treasurer
October 16 2009
16,
2. Third Quarter Earnings Summary
Strong balance sheet: Tangible Common Equity(1) substantially
Strong balance sheet: Tangible Common Equity(1) substantially
improved to $102B, Tier 1 Capital Ratio stable at 12.7%
improved to $102B, Tier 1 Capital Ratio stable at 12.7%
Franchise remains strong
Franchise remains strong
– Record YTD revenues in the Institutional Clients Group
– Record YTD revenues in the Institutional Clients Group
– Record YTD net income in Transaction Services
– Record YTD net income in Transaction Services
– Growth in Regional Consumer Banking revenues and deposits
– Growth in Regional Consumer Banking revenues and deposits
Credit losses declined slightly but remain elevated -- delinquency
Credit losses declined slightly but remain elevated -- delinquency
trends improving in international markets, but mixed in the U.S.
t
trends iimproving iin iinternational markets, b t mixed iin th U S
d i t ti l k t but i d the U.S.
Citi Holdings assets down $32B in the quarter, $281B from peak
Citi Holdings assets down $32B in the quarter, $281B from peak
Continuing to execute our strategy and return Citi to sustained
Continuing to execute our strategy and return Citi to sustained
profitability and growth
profitability and growth
(1) Tangible Common Equity is a non-GAAP measure. Please see page 14 of the 3Q’09 Earnings Release for additional information.
1
3. Citigroup Reorganization
Focus around core historical strengths and clients’ needs
Focus around core historical strengths and clients’ needs
Shift away from businesses overly reliant on wholesale funding and developed
Shift away from businesses overly reliant on wholesale funding and developed
markets credit creation to more stable and profitable b ii
markets credit creation tto more stable and profitable businesses
k tt
k dit
dit ti
ti t tt bl
bl d
d fit bl b
fit bl businesses
Positioned against growing segments of financial services
Positioned against growing segments of financial services
Citicorp
Citicorp Citi Holdings
Citi Holdings
Global bank for businesses and
G oba ba
Global bank for businesses a d
o bus esses and Non-core businesses and assets
Non-core bus esses and assets
o co e businesses a d asse s
consumers
consumers
Includes many attractive franchises
Includes many attractive franchises
Unmatched global network and
Unmatched global network and
emerging markets footprint Focus on reducing assets, tightly
Focus on reducing assets, tightly
emerging markets footprint
managing risks and optimizing value
managing risks and optimizing value
Deep and diversified business
Deep and diversified business
portfolio across consumer, services,
portfolio across consumer, services,
and institutional revenue pools
and institutional revenue pools
No legal separation between Citicorp and Citi Holdings
No legal separation between Citicorp and Citi Holdings
2
4. Managed Revenue & Expense Trend
($B)
$29.1
$23.6
$23 6 $23.0
$21.8 $21.7
$14.0 $14.6
$11.7 $12.0 $11.8
Q308 Q408 Q109 Q209 Q309
(1) (2)
Managed Revenues ex Marks (1) Expenses (2)
(1) Managed metrics are non GAAP financial measures Please see slide 39 41 of 3Q’09 Earnings Review for additional information on these metrics
non-GAAP measures. 39-41 3Q 09 metrics.
Managed revenues exclude net revenue marks (please see details on slides 35 and 36 of 3Q’09 Earnings Review). For Citigroup, these also exclude the
2Q’09 $11.1 billion Smith Barney gain on sale and the 3Q’09 $1.4 billion gain from the extinguishment of debt associated with the exchange offers.
(2) 4Q’08 Expense figures exclude the impact from the $9.6 billion goodwill impairment charge, but include the $1.0 billion impact from the write-down of
intangible assets related to Nikko Asset Management.
Note: Totals may not sum due to rounding.
3
5. Credit Trends
Total Net Credit Losses Allowance for Loan Losses
($B) ($B)
5.6% 5.9%
4.3% 4.8%
3.4%
8.4 8.0
7.3 35.9 36.4
6.1 29.6 31.7
4.9
49 24.0
24 0
3Q08 4Q08 1Q09 2Q09 3Q09 3Q08
Q 4Q08
Q 1Q09
Q 2Q09
Q 3Q09
Q
Allowance for Loan Losses as % of Total Loans
Allowance for Loan Losses
Note: Totals may not sum due to rounding.
4
6. Balance Sheet Discipline
Citi Holdings Asset Reductions Reducing Key Risk Exposures (1) (YoY)
($B)
Highly
leveraged CDOs / PE &
finance sub- equity Commercial
(20)% commitments prime SIVs investments Alt-A real estate ARS
56%
775
715 (17%)
662 649 (24%)
617 (35%)
(41%)
(55%)
(73%)
3Q08 4Q08 1Q09 2Q09 3Q09
(1) Risk Exposures shown for Citi Holdings only.
Note: Totals may not sum due to rounding. 5
7. Capital Levels
($B)
$126.8 $126.3
($ in billions)
$102.3
$90.3
$90 3
$40.0
$27.4
Tier 1 Capital Tier 1 Common Tangible Common Equity
2Q09 Actual 3Q09 Actual
Successfully completed exchange offers
Successfully completed exchange offers
Shifted capital structure $40strong mix of common and preferred
Shifted capital structure to strong mix of common and preferred
to
Note: Tier 1 Common and Tangible Common Equity are non-GAAP measures. Please see pages 14 and 15 of the 3Q’09 Earnings Release for
additional information on these metrics. Totals may not sum due to rounding. 6
8. Capital Ratios
12.7% 12.7%
11.9% 11.9%
10.3%
10 3%
8.2%
9.1%
3.8% 4.0%
3.1% 3.0%
3.7%
3 7%
2.3% 2.7%
2.2%
(2)
3Q08 4Q08 1Q09 2Q09 3Q09
Tier 1 Capital Ratio Tier 1 Common Ratio (1)
(1) Tangible Common Equity (1)
(1)
(1) Tier 1 Common and Tangible Common Equity are non-GAAP measures. Please see pages 14 and 15 of the 3Q’09 Earnings Release for
additional information on these metrics.
(2) Preliminary.
Note: Totals may not sum due to rounding. 7
9. Structural Liquidity Drivers
Total Deposits
Total Deposits Total Assets
Total Assets
($B) ($B)
7% (8)%
833
805 2,050
780 774 763 1,938
142
1,849 1,889
1,823
206 200
191 209 244
285
274
262 259 256
259
239 267 262
693
665
626 606 586
310 322
308 291 276
1,010
112 123 125 118 121 817 768 767 797
83 83 88 88 90
15 18 14 15 15
3Q08 4Q08 1Q09 2Q09 3Q09 3Q08 4Q08 1Q09 2Q09 3Q09
(1)
Other Assets (1) Loans, net Investments Cash & Deposits with Banks
Corp/Other Holdings S&B GTS Regional Consumer
(1) Other Assets include Trading Account Assets, Brokerage Receivables, Fed Funds sold/Repo, Goodwill and Intangibles, and Other Assets.
Note: Totals may not sum due to rounding. 8
10. Structural Liquidity Level
Structural Liquidity as a % of Total Assets
Structural Liquidity as a % of Total Assets
($B)
71% 72%
68%
66%
63%
44% 44%
40% 42%
38%
19% 19% 19% 19% 20%
6% 7% 8% 8% 7%
3Q08 4Q08 1Q09 2Q09 3Q09
Stockholders' E it
St kh ld ' Equity Long-Term Debt
L T D bt Deposits
D it
($B) 3Q08 4Q08 1Q09 2Q09 3Q09
Deposits $780.3 $774.2 $762.7 $804.7 $832.6
Long-Term Debt 393.1 359.6 337.3 348.0 379.6
Stockholders' Equity 126.1 141.6 143.9 152.3 140.8
$1,299.5 $1,275.4 $1,243.9 $1,305.1 $1,353.0
Note: Totals may not sum due to rounding. 9
11. 2009 YTD Long-Term Non-TLGP Issuance Summary
YTD Issuance by Tenor (1)
YTD Issuance by Tenor (1) YTD Issuance by Currency
YTD Issuance by Currency
($B)
3% 4%
4%
$3.3 USD
$0.8 Non-USD
$7.4 USD
$3.7 Non-USD
27%
$3.0 USD
$
$3.6 Non-USD 62%
5YR 10YR 30YR
USD Euro Sterling Yen Other
(1) USD & Non-USD amounts show all non-guaranteed senior debt issued by Citigroup Inc. and Citigroup Funding Inc.
Note: Totals may not sum due to rounding. 10
12. Maturities & Issuance (1) of Long-Term Debt
($B)
$76
$47 $54
$36 $6 $39
$31
$41 ~$15
$22
FY 2008 FY 2009 YTD 2009 FY 2010
(2)
Maturities
Mat rities Non-TLGP Issuance
Non TLGP Iss ance TLGP I
Issuance
(1) Maturities and Issuance include senior debt and TLGP in Citigroup Inc., Citigroup Funding Inc. (CFI), and Citigroup Global Markets Holdings Inc.
(CGMHI); and TLGP in Citibank, N.A. Aggregate annual maturities of long-term debt as disclosed in Citigroup Inc.’s Form 10-K for 2008 are
$88.5bn for 2009 and $41.4bn in 2010, (based on issuances in 2009, current estimate of 2010 maturities is $47bn), which include FHLB & local
country debt, not included in this chart.
(2) YTD 2009 Issuance includes $5bn of TLGP issued on 9/29/09, which settled on 10/6/09.
Note: Totals may not sum due to rounding. 11
13. Summary
Raised Capital
Strong Capital Base
g p
Successful Exchange Offers
Deposit Growth Improved & Robust
Structural Liquidity
Loan & Asset Reductions
Lower Proportion of
Largely Pre-Funded, Modest
Wholesale Funding
Re-Issuance Needs
Over Time
12
14. Fixed Income Investor Review
John Gerspach
Chief Financial Officer
Eric Aboaf
Treasurer
October 16
O t b 16, 2009
15. Certain statements in this document are “forward-looking
Certain statements in this document are “forward-looking
statements” within the meaning of the Private Securities Litigation
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are based on
Reform Act of 1995. These statements are based on
management’s current expectations and are subject to uncertainty
management’s current expectations and are subject to uncertainty
and changes in circumstances. Actual results mayydiffer materiallyy
and changes in circumstances. Actual results may differ materially
g
from those included in these statements due to a variety of factors.
from those included in these statements due to a variety of factors.
More information about these factors is contained in Citigroup’ss
g p
More information about these factors is contained in Citigroup’s
Citigroup
filings with the U.S. Securities and Exchange Commission.
filings with the U.S. Securities and Exchange Commission.
14