Investor Presentation
BMO Wealth Management
Strength and Value Drivers
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.
•
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Planning and advice-based approach that integrates investment, insurance,
specialized wealth management and core banking solutions, offered by a
team of highly skilled professionals
Diversified products and services, from digital investing to integrated full-
service investment management, banking and wealth advisory services for
retail, business and institutional clients
Global asset manager with a commitment to responsible investing delivering
innovative investment solutions to institutional and individual clients across a
range of channels
Robust risk management framework supporting alignment with regulatory
expectations
2024 Strategic Priorities
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•
Scale our leadership position in private wealth advisory services across North
America, and accelerate growth through One Client experiences with improved
connectivity and integrated offerings, to plan, grow, protect and transition our
clients' wealth with confidence
Extend our advantage as a solutions provider, expanding asset management
and insurance offerings in key growth areas, including environmental, social
and governance (ESG) and climate-focused offerings
Deliver a top-tier digital wealth management offering, building on our
differentiated digital advisory capabilities to provide an enhanced client
experience, including streamlined processes that deliver efficiencies and value
•
Foster a winning culture, focused on alignment, empowerment and recognition,
with a commitment to a diverse and inclusive workplace
Q1'24 Financial Highlights
Reported
Adjusted¹
Net Income
$240MM
$241MM
Net Income Y/Y Growth
51.6%
51.5%
Revenue Y/Y Growth
17.7%
17.7%
PPPT² Y/Y Growth
63.4%
63.2%
20.3%
20.4%
75.0%
74.9%
10.0%
10.0%
$42B / $60B
$332B / $360B
ROE
Efficiency Ratio
Operating Leverage
Average Gross Loans/Deposits
AUA/AUM
Reported Net Income ($MM)
396
351
187
149
240
240
159
29
53
202
211
209
202
187
(43)
Q1'23
Q2'23
Q3'23
Q4'23
Q1'24
Wealth and Asset Management
Insurance
Prior period amounts have been reclassified to conform with the current period presentation, including the retrospective application of IFRS 17. For further information on the adoption of IFRS 17, refer to the Changes in
Accounting Policies section in the First Quarter 2024 MD&A
1 Adjusted results and measures are non-GAAP, see slide 56 for more information and slide 58 for adjustments to reported results
2 Reported and adjusted Pre-Provision Pre-Tax earnings (PPPT) are non-GAAP measures. See slide 56 for more information and slide 59 for calculation of PPPT
See slide 60 for more information on the reported and adjusted results of our operating groups
BMOM
Investor Presentation ⚫ February 2024
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