Investor Presentaiton
Expected to generate meaningful revenue and cost
synergies from enhanced platform services and efficiencies
Annual revenue synergies in 2021*
Estimated
Range
4
Revenue
Annual cost synergies in 2021
Estimated
Range
in 2021
5
in 2021
Synergy Highlights
Upgrade CRD clients from client-
installed software to STT cloud
CRD's front office
solutions
State Street's
~$70-75M Expand CRD share of wallet by
introducing CRD software solutions
to STT clients
Grow STT share of wallet by
~$55-60M offering STT middle and back
Cost
Synergy Highlights
Operational
efficiency
~$35M
Streamline State Street custody,
accounting and middle office
operations creating greater
efficiency and lower unit costs
middle & back
office services
office services
Systems &
Expand State
Street data mgmt
and analytics
~$70M
Data management and analytics
services underpin front-to-back
office services growth
~$10-15M
application
retirement
Distributing
State Street's
trading services
Expand presence
Expand STT share of wallet by
~$35-40M offering integrating trading
services into the CRD platform
Increase existing CRD presence
in wealth segment
$30-35M in the wealth management
segment
Integrated
client
servicing
platform
~$10-15M
~$260-280M
annual revenue
synergies
~$180-200M
delivery costs
to achieve
~$75-85M
EBIT from
revenue synergies
Refer to the Appendix included with this presentation for endnotes 1 to 22.
Capture of efficiencies through
retirement of legacy State Street
middle and back office systems
SSGA implementation of CRD'S
established front office solution
drives system rationalization
~$55-65M
EBIT from
cost synergies
STATE STREET.
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