Silicon Valley Bank Results Presentation Deck
Public market volatility pressured equity capital markets activity
Decreasing FY'22 SVB Securities revenue outlook to $500-550M
IMME
Tools &
Diagnostics
Institutional
Equities
Alternative
Equities
Life Sciences/Healthcare
svb>
Convertible
Securities
Digital Health &
Health Tech
Medical
Devices
Equity
MEDACorp Research
svb>
Securities
Private
Placements
Biopharma
Healthcare
Services
SPACS
Equity
Capital
Markets
M&A
Advisory
Leveraged
Finance
Structured
Finance
Technology (launched September 2021)
Education
Technology
Consumer
Software,
Internet &
Info Services
Enterprise
Software
Levering
Fintech
Industrial
Technology
Digital Infra &
Tech Services
Q1'22 activity
Only 8 book-run ECM transactions ($2.0B in aggregate deal value)
●
Early wins from recently hired teams, with M&A advisory fees now 46% of SVB Securities
revenue (vs. 2% 1-year ago)
• Continue to fill out team, hiring 19 bankers to support our Technology, Healthcare
Services and Health Tech practices
Compensation for prior year hiring drove expenses higher than revenue
●
SVB
Securities
revenue¹
$M
166
24
13
125
4
120
17
84
19
Q2'21
$99M
Q1'21
$136M
FY'22 outlook key assumptions
107
17
25
26
39
Q3'21
$142M
145
21
17
51
1. Non-GAAP financial measure. See "Use of non-GAAP Financial Measures" in our Q1 2022 Earnings Release and our non-GAAP reconciliations
at the end of this presentation.
2. Included in investment banking revenue.
3. Included in FY'22 outlook for SVB Securities revenue of $500M-$550M.
56
Q4'21
$184M
118
25
54
32
Q1'22
$134M
7
Commissions
Private placements²
M&A advisory²
Underwriting fees²
SVB Securities
expenses
Public market volatility
Pressures later-stage/public valuations and near-term ECM activity
New hires and expertise
Recent hires to grow Technology, Healthcare Services and Health Tech investment
banking help diversify business by expanding SVB Securities' advisory capabilities
Combined new initiatives expected to contribute -$150-200M of revenues in 2022³
Expect -20-40 additional hires (across levels) through year-end
Strengthening collaboration
Between Commercial Bank and SVB Securities, enhanced by OneSVB
initiative to deliver the full power of the SVB platform to clients
Q1 2022 FINANCIAL HIGHLIGHTS 29View entire presentation