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Boston Private:Long-Term Value Creation
Q2 2007
Timothy L. VaillChairman and Chief Executive Officer
Walter M. PresseyPresident and Interim Chief Financial Officer

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Forward Looking Statements
Statements in this presentation that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. These factors include, among others, strategic growth rates, the strength of the company's business, the quality of the company’s loan portfolio, changes in the interest rate environment, adverse conditions in the capital markets and the impact of such conditions on Boston Private’s asset management activities, competitive pressures from other financial institutions, the risk that goodwill and intangibles recorded in the Company’s financial statements will become impaired, and risks related to the identification and implementation of acquisitions, as well as the other risks and uncertainties detailed in Boston Private's Annual Report on Form 10-K and other filings submitted to the Securities and Exchange Commission. Boston Private does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made.

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Agenda
1. Overview
2. Strategy
3. Results
4. Future
Conclusion

Overview
Boston Private Today

Boston Private’s Mission:
To provide wealth management solutions to
successful people, their families, private companies
and selected institutions through trusted relationships
that help preserve, grow and transfer assets over the
client’s financial lifecycle.

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Corporate Profile
• Six regions• 14 affiliates• 45 offices• 1,039 employees
AUM/advisory: $34 billion Bank assets: $5.6 billion
Loans: $4.5 billion Deposits: $4.1 billion
Geography Balances
People Economics
• Experienced team in the field• Shared values and culture• Key Driver: client service
Annualized Revenues: $368 million Annualized Net income: $52 million Q1 2007 EPS: GAAP – $0.34
Cash – $0.44
Market cap: $1 billion
* Geography includes Charter. Economics and Balances exclude Charter.

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Wealth Management Members
Private Banking Wealth Advisory Investment Management

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Recent Events
• On March 5, 2007, Boston Private announced the acquisition of Charter Bank in Bellevue, Washington
• Charter is a $320 million commercial bank with 4 locations in key demographic areas
• Charter will work closely with Coldstream Capital Management to bring comprehensive wealth management services to the HNW and small business markets

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Recent Events (con’t)
• Charter had double-digit growth over last 5 years in loans deposit and net income
0
10
20
30
40
0 1 2 3 4 5
Earnings Total Assets Total Deposits
• Entire management team has been retained
• The transaction will close in the third quarter
38%
18%
16%

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National Association of Corporate Directors Board of the Year Award
• 30-year old national organization
• Inaugural NACD Board of the Year Award
• Honoring excellence across the Board
• Outstanding contributions to the Company
• Maintaining high levels of professional standards

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Primary Focus: High Net Worth Market
Preserve, grow and transfer assets. . .
Private BankingTrust Services
Jumbo Mortgages
Business LoansInvestment Management
Estate Planning
Tax StrategiesFinancial Planning
Philanthropy
. . . and create a unique “customer experience”

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Corporate Leadership Team
Executive Title Years Previous
Tim Vaill Chairman & CEO 35+ The Boston Company
Walt Pressey President 35+ The Boston Company
Jon Parker President, Western Region
30+ Edgar, Dunn Consulting
Jay Cromarty President, Eastern Region
20+ State Street Global Advisors
Megan Chambers General Counsel 20+ Ropes & Gray, Loomis Sayles
Katie Kearney Corporate Development 10+ Lesavoy Financial Planning
Extensive experience across business disciplines

Strategy
Capitalizing on a Unique Business Model

Boston Private’s Strategic Vision:
To build a national wealth management franchise that is
broadly recognized ― particularly among the newly affluent--
as the preferred place to have financial assets managed, and
to generate an above average total return to our
shareholders over the long-term

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How are we different?
Sustainable Organic Growth
Capital StewardshipUnique
BusinessModel
Enabled by
Strategic Acquisitions
Targeted Market
Research
Adding Distribution Channels
Guided by
Foundation of HC Support
Diversification Focus
Balanced Affiliate
Management
In - Market Business
Expansion

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Millionaire Households
49%
77%89%
$1 to $10 million $10 - $50 million > $50 million
U.S. HNW Individuals
$14T
$9T
2004 2009
Source: CapGemini; World Wealth Report 2005.
8.4% Annually
HNW Investable Assetsand Related Fee Income
Focus on HNW demographic and private companies
Percent of MillionairesWho Own Private Companies
Targeted Market Research
Source: VIP Forum
$45B $75B

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Follow intellectual and investment capital
IntellectualCapital
InvestmentCapital
BusinessFormation
Infrastructure
Support
AttractiveRegions ForAcquisitions
WealthAccumulatio
n
Strategic Acquisitions

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In - Market Business Expansion
Fund expansion and growth in numerous ways
• Local tie-in acquisitions
― Encino, Kanon Bloch Carre, CH&P
• Experienced team lift-outs with clients and AUM
• New office development
― Beverly, Hingham, Lexington, Los Altos, Naples, New York
• Aggressive marketing and sales programs
― Advertising campaigns, sales training

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Adding Distribution Channels
•Small platform, high-touch environments
•Firms embedded in local communities
•Centers-of-influence
Wealth Advisory
PrivateBanking
Local
InvestmentManagemen
t
Diversify and expand business growth via sales/delivery systems
National
•National intermediaries― Broker/Dealers― Institutional consultants
•Managed accounts― Sub-advisory and SMA

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Intellectual Capital
• Market research
• Strategic advice and counsel
• Legal, compliance, HR
• Leadership/succession planning
Financial Strength• Access to public capital
• Co-investing for business growth
• Consolidated balance sheet
• Liquidity for principals
Entrepreneurial Culture
• Consultative advisor
• Safety net enables risk taking
• Support autonomy
Communications Network
• Exchange of best practices
• Professional forums
• Internet/Intranet development
Value added by the holding company
Foundation of Support

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Efficient cash management and capital deployment
HoldingCompany
External Capital
Dividends to Shareholders
Capital Stewardship
Capital UsersCapital Generators

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Foundations &Endowments:11%
ERISA /Public:23%
High NetWorth:49%
Sub-Advisory:14%
Equity (Growth):40%
Equity (Value):31%
Fixed Income:7%
Corporate:3%
Alternative:8%
Balanced:14%
Banking Activity
DEPOSITS $4.1B
MMDA: 50%DDAs: 18%
CDs: 23%
Commercial: 58%
Residential Mortgage:
36%
NOW: 9%
Consumer &Home Equity:
6%
LOANS $4.5B
PrivateBanking:50%
Wealth Advisory:8%
InvestmentManagement:
42%
AUM By Client Type
AUM By Investment Style
New York:8%
Florida:15%
New England:53%
N. California:16%
Revenue By Geography
Revenue By Business Type
S. California:8%
Diversification Focus
Enables sustainable & non-volatile returns

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Autonomy with strong governance
GovernanceCompliance
Capital
Market / Clients EmployeesOperations
Holding Company Affiliate Partners
Oversight Independence
Balanced Affiliate Management

Results
UniqueBusiness
Model
Overall Business Growth
Sustainable Organic Growth

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Overall Revenue Growth
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
Private Banking Investment Managers Wealth Advisors
10 Year CAGR 25%
$344.9
$263.3
$196.8
$116.0
$133.6$82.5 $105.
4$66.3$53.2
$36.6$45.1$30.4
Q1 07 Total Revenues: $92 million

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1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
Acquisition
Market Impact
Organic Growth
Overall AUM Growth
$2.2B $2.6B$3.7B
$5.7B$6.5B $6.4B
$11.0B
$19.3B
$21.3B
$0.7B
10 Year CAGR 46%
$29.8
Q1 07 Total AUM: $34 billion

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Overall Loan and Deposit Growth*
Loans Deposits
1996 2006
10 Year CAGR 36%
10 Year CAGR 35%
$206M
$4.3B
$209M
$4.1B
* Includes Acquisitions
Q1 07 Total Loans and Deposits: $4.5 and $4.1 billion

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Overall Net Income Growth
$5.5 $6.6 $7.7 $9.6$13.2
$16.7$21.2 $21.8
$33.6
$46.3
$54.4
$23.7
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
10 Year CAGR 23%
Q1 07 Net Income: $13.1 million

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Overall Earnings Per Share Growth
10 Year CAGR 16% Cash Basis
Cash Basis
10 Year CAGR 15% GAAP Basis$1.82
Q1 07 Cash and GAAP EPS: $0.44 and $0.34

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Sustainable Organic Growth
Organic Growth After 3 Years Ownership
by Boston Private
Note: Based on Revenues

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0
176%
93%
0%
119%107%
2001 2006
AUM Revenue Net Income
Loans Deposits
Westfield AUM: +686%
Borel Net Income: +103%
Boston Private Bank
Assets: +2,860%
Sustainable Organic Growth
No acquisitionsduring this time
5 Year Organic Growth Record in New England
Organic Growth at AffiliatesSince Acquisition

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Executive Retention Rates
* Absent normal retirements or forced terminations
Retention Rates Since Acquisition

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$0.00
$0.05
$0.10
$0.15
$0.20
$0.25
$0.30
$0.35
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
Dividends Paid to Shareholders
6 Year CAGR 18%
Commenced Dividend in 2000

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Sustainable Growth Metrics
Personnel: Succession, Governance
Existing Markets Growth Opportunities: Products, Distribution
Industry Dynamics: Growth, Regulatory Environment, Demographic Changes
Competitive Market
Strategic Plan & Execution
Financial: Capital Ratios, Cash, Debt Coverage, etc.
Long Term EPS Growth
Margins
Return on Invested Capital
Cost of Capital
Total Return to
Shareholders
PERFORMANCEINDICATORS
RESULT
MANAGEMENT FOCUS

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Long-Term Value Creation
BPFH Total Return To Investors (12/1995 – 12/2006)

Future
Steps to additional Value Creation

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1. Enhance Existing Platform
• Co-invest with affiliates in marketing / sales to generate organic growth
• Execute on in-market business growth opportunities
• Fill out core capabilities in existing clusters

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2. Build-Out Wealth Management Franchise
Existing location Potential location
Be located in 15 of top 30 newly-affluent geographic regions
European Theater?Asian Theater?

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3. Expand Product & Distribution
• Provide affiliates access to “best of breed” in all investment categories
• Private banking, family office and philanthropic services nationwide
• National platform – broad scale distribution of proprietary products
• More products through existing distribution channels
Build broad-scale access to products and national distribution

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4. Employ a Distinctive Brand Strategy
Members of Boston Private Wealth Management Group
Endorsement model unifies and distinguishes local brands
Enduring Excellence

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5. Attract and Retain Top Talent
• Foster culture of values, opportunity and respect
• Communicate with clarity and consistency
• Emphasize the complete person = skills + cultural fit
• Provide creative compensation programs
• Actively endorse entrepreneurship

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Conclusion
• Unique and validated business model
• Demonstrated acquisition success and organic growth
• Financial sustainability through diversification
• Uncompromising commitment to entrepreneurial environment which attracts and retains superior professionals
• Attractive total returns to shareholders over ten-year period
Boston Private is creating long-term value for shareholders

Boston Private:Long-Term Value Creation
Q2 2007
Timothy L. VaillChairman and Chief Executive Officer

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Appendix
• Financial Performance― EPS― Revenue― Expenses
• Segment Financial Summary― Private Banking― Wealth Advisory― Investment Management
• Capital Management

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Growth
Consistent long term EPS growth
$0.44
$1.04 $1.09
$1.37
$1.70$1.82
5 Year CAGR Cash Earnings
13%
5 Year CAGR GAAP Earnings
12%
$0.98
$0.34

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Operating Revenue
Dramatic revenue increases
($ Millions) 5 Year CAGR 27%

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($ Millions)
Operating Expenses
Affiliates increasing in size and investing in future growth

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Private Banking
Core Strengths:
Lending, Deposits, Mortgages and Cash Management
Partners: Assets ($M) Loans Deposits
Boston Private Bank & Trust $2,441 1,844 1,749
Gibraltar Private Bank & Trust 1,513 1,245 941
Borel Private Bank & Trust 1,702 934 964
Charter Bank 320 220 249
First Private Bank & Trust 559 433 467
*Total: $5,905 $4,661 $4,370
*Percentage of Revenue: 50%
* Total and Percentage of Revenue exclude Charter.

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Private Banking Results
Loan Growth ($M)
$4,459$4,311
$3,623$2,248$1,613
$1,302$1,105
2001 2002 2003 2004 2005 2006 Q12007
Deposits ($M)
5 year deposit CAGR: 29%
• 5 year loans CAGR: 31%• Credit quality remains pristine
with non-performing at 0.21%
Robust loan growth with heightened competition for deposits
$2,386
$1,400 $1,658
$3,748
$1,145
2001 2002 2003 2004 2005 2006 Q1 2007
Acquisitions
Consolidated$4,078 $4,101

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Core Net Interest Income and Margin
3.76%
Net interest margin experienced pressure in Q1 ‘07

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Loan Portfolio
Residential Mortgage:
36%
Home Equity: 5% Commercial:
58%
Consumer: 1%
Diversified loan portfolio

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Wealth Advisory
Core Strengths:
Fee-based financial planning, tax strategies and asset allocation
Partners: Assets Under Advisory ($B)
KLS Professional Advisors Group $3.9
Bingham, Osborn & Scarborough 1.9
RINET Company 1.2
Sand Hill Advisors 1.3
Coldstream Capital 1.1
Total: $9.4
Percentage of Revenue: 8%

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Asset New Business Growth ($B)
$0.9$0.6
$0.1 -$0.4
$2.2
$0.8$0.3
2001 2002 2003 2004 2005 2006 Q1 2007
11%
14%
35%
8%
Assets Under Advisory ($B)
2001 2002 2003 2004 2005 2006 Q1 2007
Unconsolidated
Acquired
Core
Cumulative Assets Acquired $17.8B
$30.7$23.7
$21.1
$11.5$6.9$6.5
Wealth advisory growth less dependent on markets
Wealth Advisory Fees ($M)
Wealth Advisory and Investment Management Results
1.7%0.4%
$5.0 $5.9 $7.0 $7.9 $8.3
$20.8$19.1
2001 2002 2003 2004 2005 2006 Q1 2007
$7.3
0.5%
$33.9

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Investment Management
Core Strengths:
Full spectrum of portfolio management products and services
Partners: Core Style AUM ($B)
Westfield Capital Management US Growth $10.5
Anchor US Value 6.9
Dalton Greiner US Value 2.0
Boston Private Value Investors Large Cap Value 1.0
Boston Private Bank Balanced 2.4
Gibraltar Private Bank Growth & Income 1.0
Borel Private Bank Fixed Income 0.7
Total Assets Managed: $24.5
Percentage of Revenue: 42%