Investor Presentaiton
BERNSTEIN: CREATING A GLOBAL LEADER IN CASH EQUITIES
A well-matched
partnership
Cash equity & equity research
revenue split by region
Cash equity & equity research
revenue split by product
Enhancing our value proposition
for both issuers & investors
Bring scale and global reach
SOCIETE BERNSTEIN
GENERALE
RESEARCH
Americas
EMEA
Asia
COMBINED
SOCIETE
GENERALE
BERNSTEIN
RESEARCH
High Touch
Low Touch
COMBINED
Unbundled Advisory
طهرة
Get access to ~1,000 additional institutional investors
Extend and reinforce ECM expertise and footprint
AMERICAS
EUROPE
ASIA
COMBINED
Enhance client experience and strategic dialogue
Total
~310
~530
~190
Stocks covered
1,000+
Build upon a large suite of execution services
TARGETS
+15 to +20bps Group ROTE uplift (1)
(1) Impact of expected target incremental net income in 2028, based on Societe Generale's 51% stake in the joint venture and including all synergies, on profitability (ROTE) estimated by the analysts' consensus in 2026 (Visible Alpha at 24/10/2022), calculated on the
average tangible equity of the consensus adjusted for the capital impact of the contemplated transaction at the closing date
SOCIETE
GENERALE
4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023
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