Investor Presentaiton
BMO Wealth Management
Q3'21 Highlights (Adjusted¹)
•
•
Strengths and Value Drivers
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 in responsible investing
delivering innovative investment solutions to institutional and
individual clients including BMO Mutual Funds and BMO Exchange
Traded Funds across a range of channels
Robust risk management framework supporting alignment with
heightened regulatory expectations
Net Income¹ ($MM)
Net Income
Net Income Growth (Y/Y)
Revenue² Growth (Y/Y)
PPPT3 Growth (Y/Y)
ROE
Efficiency Ratio²
Operating Leverage²
AUA / AUM
Average Loans/Deposits
401 406
341
349
70 70
358 366
320
328
72 72
346 353
50 50
73
73
67
67
$406MM
16%
11%
14%
28.9%
63.0%
1.3%
$985B
$29B / $50B
Balances, AUA, AUM ($B)
979
985
909
525
527
498
271
279
253 261
286 294
296
303
328 333
45
51
50
27
28
29
411
454
458
Reported Adjusted Reported Adjusted Reported Adjusted Reported Adjusted Reported Adjusted
Q3'20
Q4'20
Q1'21
Q2'21
Traditional Wealth
Insurance
Q3'21
Q3'20
Q2'21
Q3'21
Q3'20
Q2'21
Q3'21
Avg Gross Loans
and Acceptances
Avg Deposits
■ AUA
AUM
1 Adjusted measures are non-GAAP measures, see slide 2 for more information. Q3'21 on a reported basis: Net Income $401MM; Net Income Growth 18%; PPPT Growth 16%; ROE 28.6%; Efficiency Ratio 63.3%;
Operating Leverage 2.1%
2 Revenue, efficiency ratio and operating leverage based on net revenue. Net revenue is net of insurance claims, commissions and changes in policy benefit liabilities (CCPB)
3 Pre-Provision Pre-Tax profit contribution; PPPT is the difference between net revenue and expenses
BMO Financial Group
Investor Presentation • October 2021
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