Essential intelligence on complex business sectors, made simple.

Transcription

1 Banks & Thrifts Insurance Financial Services Real Estate Energy Media & Communications Essential intelligence on complex business sectors, made simple.

2 The SNL advantage. For banks & thrifts, insurance, financial services, real estate, energy and media & communications, the most trusted source of sector-focused data, news and analytics is also the easiest to use. On a single Web-based platform, SNL delivers a breadth and depth of information you won t find anywhere else, from sectorspecific performance metrics to M&A data to insightful news and analytics. Our interactive interface and analytical tools make our service uniquely easy to access and use 24/7, with accuracy guaranteed.

3 Whether selecting stocks or bonds, planning mergers or mapping competitive strategies, leading investors and corporate decision-makers rely on SNL Financial as their single best source. SNL is recognized as the premier information provider in the sectors it covers: Banks and Thrifts, Financial Services, Insurance, Real Estate, Energy and Media & Communications. Insight and depth you won t find anywhere else. Access, sort, link, chart, build models and No other resource can match our depth and relevance of coverage. Generalist create custom reports with a few clicks. SNL is as easy to use as a Web browser. providers give you basic financial data and broker research reports. So do we. But nobody else couples that information with standardized and as-reported sector-specific financials, sourcetagging, ratio dissection, Excel templates, asset-level data, mapping or regulatory data. Even if you spend the time pulling together data from various sources, you won t come close to what SNL compiles on one platform. Analytical tools: link your models to our database. SNL gives you a host of customizable analytical tools including valuation, peer and M&A models. SNLxl, our powerful Excel Add-In, allows you to seamlessly integrate SNL data into your spreadsheets and analytical models. Build your template once, or let us do it for you, then refresh data later with one click. Coverage and clients. SNL covers more than 3,300 public companies and over 50,000 private companies in North America, with international coverage that expands every year. We serve over 4,000 clients and more than 35,000 users, ranging from Wall Street institutions to senior executives at the global firms active in our industries. S N L S F O U R C O R E T E N E T S 1) Accuracy: information you can trust, and we guarantee it SNL news and data are compiled by trained sector experts, and carefully checked and rechecked before publication. We are so confident in our accuracy that we put our money where our mouth is. We re the only information provider with an accuracy guarantee: we pay clients $50 (or make an equivalent charitable donation) for each error found and reported to us. 2) Relevance: sector-specific standardization and granularity One financial format doesn t fit all, so SNL creates a unique data template for each sector. We standardize and analyze data in an industry s own language, formats and fields. The result: a more relevant picture, providing sector-specific metrics that are more meaningful, and the ability to make apples-to-apples comparisons. 3) Completeness: the deepest and broadest spectrum of information SNL has built a platform and process to deep dive into business sectors with fragmented data sources, unique metrics and/or regulatory reporting requirements. We have developed proprietary techniques to locate information that is otherwise difficult or even impossible to find. No source is more complete, from asset-level data to M&A history to ownership insights. 4) Timeliness: the latest news and data, linked and updated in real time SNL integrates news, data and analytics in real time, all updated 24/7 and provided to clients long before comparable but less complete information is available from other sources. Everything is cross-linked for easy drill-down. Go from an analytical report directly to a company s financial profile or news article. Tie any Excel spreadsheet to the SNL database for instant updating.

4 Banks & Thrifts From Wall Street to Main Street, the banking industry counts on SNL data to make sound decisions. Since 1987, SNL has been recognized as the gold standard for banking industry data and insight. Always the leading provider of business and peer intelligence for money centers and regional banks, we have become an indispensable source for community banks as well.

5 SNL s database includes detailed profiles on more than 20,000 U.S. financial institutions, including all publicly traded banks and thrifts, privately held institutions and credit unions. SNL is the trusted information partner to 49 of the 50 largest commercial banks in the U.S. along with hundreds of regional and community banks. 100% of investment banks with any substantive financial institution industry practice are SNL subscribers. Timely strategic indicators for operators and investors. SNL has always been first with the data you need. We publish regulatory filings within 24 hours of availability, and earnings data from larger banks within a couple of hours. SNL s coverage of key metrics makes it easy to make peer comparisons. Use benchmarks like loan mix, credit quality, net interest margin and efficiency ratio to optimize your own performance and plan competitive strategies. Perform in-depth analysis of a bank s footprint, including its branch network, market attributes and any changes due to M&A activity. If you re an investor, the same SNL database informs investment strategies, while SNL news and analytics keep you up-to-date on trends. M&A Assessment. SNL s powerful Merger Model leverages our data on the bank and thrift industry to quickly assess the attractiveness of M&A deals. Use historical data on over 6,500 bank transactions to evaluate deal economics and calculate rate of return for various scenarios. Coverage of 750+ banks in Europe. SNL applies the same standards and processes to our upcoming (Winter 2010/2011) coverage of European banks. Over 400 financial data items, plus key ratios, are in a European/IFRS Bank Template. Easily compare banks in Sweden to banks in Italy to banks in Poland. Track capital, debt and equity transactions. SNL is the prerequisite resource for insightful banking analysis, providing a comprehensive overview of key investment trends. SNL s banking database is fast, reliable and easy to use. Meredith Whitney CEO, Meredith Whitney Advisory Group, LLC Powerful branch analytics. Harness SNL s powerful branch database to create customized reports and professionalquality maps. Primary workflows include transaction HHI analysis, market share and market overlap reports. Additional features include integrated branch maps with marketlevel thematics that incorporate demographic and commercial market data. SNL Merger Model streamlines scenario analysis. Run up to 50 scenarios side by side. SNL s Merger Model plugs in financials from our bank and thrift database, complete with branch data (maps, HHI analysis), and calculates deal value using your assumptions. Apply different pricing methodologies from targeted EPS accretion to premium over book value. Generate pro forma reports instantly.

6 Insurance & Financial Services From peer comparisons to statutory data analysis, SNL makes complex analytical tasks simple. The top equity research analysts and financial institution M&A advisors are regular SNL users. In addition, more than 600 asset managers, hedge funds and private equity firms use SNL to make investment decisions.

7 Many portfolio managers use SNL as their exclusive, one-stop information provider for one or more of the 6 sectors SNL covers. Whether you re a sector specialist or a generalist, SNL s sector-specific formats, fields and financials give you the most relevant views. Serving and covering the financial services community. Industry leaders make SNL their preferred source for complete, accurate and timely financial data on insurance and financial services companies. Cross-sector coverage has a dual purpose: to vet external investments or acquisition opportunities and to benchmark internal performance against your peers. Data, news and analytics are cross-linked. Dozens of preformatted snapshots show you GAAP and statutory financial trends, M&A activity, business profiles and market share. Breaking news items and historical archives all have links to relevant company profiles, articles and reports. Make meaningful peer comparisons, perform in-depth analysis and generate customized reports using a point-and-click menu. Set up your own proprietary models and link them to the SNL database, which updates them automatically. Even statutory insurance data is transparent. SNL takes a large and complicated data set and makes it simple to get a complete picture of an insurance company s performance. Bottom-up group analysis, Schedule P, ratings data, key ratios, investment portfolio analysis, market share and loss triangles are cross-linked to everything else. I am the portfolio manager for a fund invested almost exclusively in insurance stocks. Given my option for one data provider, SNL was the choice. I ve worked closely with a number of people on your team, in different capacities, and they are indeed top notch. E. Stewart Johnson Portfolio Manager, Philo Smith & Co. Schedule D Access investment portfolio details of any insurance organization contained within Schedule D, on a group, individual or industrywide basis. This level of information is available both annually and quarterly for the detailed investment holdings. Peer Comparisons SNL s pre-built peer comparison templates instantly provide a graphical analysis for a customizable group of peers and financial items. Compare broker/dealers on capitalization, debt levels, portfolio breakout and assets under management. Evaluate specialty lenders on debt, loan portfolio, off-balance-sheet portfolio and asset quality.

8 Real Estate We make it easier to find the right stocks, build proprietary models and generate better ideas. The depth, breadth and analytical capacity of SNL Real Estate is unmatched anywhere in the world, providing our subscribers with a competitive advantage. Our data, news and analytics keep you on top of the dynamic real estate securities market.

9 Eighteen of the 20 largest institutional holders of U.S. REIT securities are subscribers. So are the top five real estate fixed-income research analysts, the majority of investment banks specializing in real estate and the top 10 underwriters of REIT equity and debt securities. Data unique to real estate, at a granular level. The real estate industry has unique financials that don t lend themselves to the typical financial formats. We track EPS, FFO, AFFO, NAV, revaluation gains, same-store figures, operating partnership units and other data specific to this sector. Display financial, operational and asset-level detail. Drill down with one click for further analysis. View a company s property portfolio holdings by property types, tenants, markets and property transactions. With our Briefing Book function, build investment-banker-quality profiles and reports in seconds with details down to the individual property level. Make SNL in your own image. Your proprietary approach to analysis and decision-making is what separates you from your competition. With SNLxl, any model that you have on an Excel spreadsheet can be tied to the SNL database so that it is updated automatically. Build custom profiles and comparisons with everything from M&A history and property exposure reports to capital structure and financial highlights. The first single source for worldwide real estate investment data. Fragmented information that was often impossible to find has been organized by SNL into standardized templates that permit apples-to-apples comparisons. Evaluate property portfolios in 38 countries. Access assetlevel data. View source documents. And instantly convert any screen or report into a specific currency. We use SNL data to drive our investment strategy and decision process. The numbers in our proprietary models for picking stocks come from the SNL database. SNL provides the information and analytical tools essential to what we do. They save us time, plus their data is reliable and accurate. Kim Redding Chief Executive Officer, Brookfield Redding LLC Properties SNL tracks more than 100,000 properties around the world. Our property database gives you detailed information on a company s property portfolio, including property transactions, properties in its development pipeline, top tenants and top markets. View purchase/sale terms, debt, occupancy, rents, demographics and other data essential to understanding how a property fits into a company s portfolio. Use the individual property map to view road and aerial imagery as well as a 45 bird s-eye view of the property.

10 Energy SNL Energy s trusted news, information and analysis drives critical energy investment decisions. SNL redefines the energy information market by integrating news, data and analytics in real time on a web-based interface. This integration sets the standard for intelligence on the power, natural gas, coal and renewable markets.

11 SNL Energy covers more than 3,000 North American energy companies including: electric and natural gas utilities; merchant generators; interstate pipelines; and coal producers. SNL Energy offers comprehensive company-level financial and operational details. Included are more than 9,000 coal, natural gas, nuclear, hydro, geothermal, wind, solar and biomass power plants, with specifics on new project build-outs. Continually updated information on electric power, natural gas, and coal. SNL Energy data is validated and immediately available through our platforms. The services combine news, operational statistics and financial details on companies, coal mines, interstate pipelines and power plants. SNL Energy provides comprehensive coverage of hourly, daily and forward market prices for power, natural gas, coal, oil and emissions. Briefing books provide quick access to key financial and operational data in seconds. SNLxl allows users to create updatable spreadsheets and models relevant to electric and gas utilities, power plant, coal mine operations, and energy markets. SNL s template library provides customizable Excel reports for industry analysis and benchmarking. SNL Energy s industry leading news desk publishes more than a dozen segment-specific newsletters. Market-moving news is delivered online, in real time, dynamically filtered to your specific interests -- generation stories, M&A updates, corporate finance, trends and more. The services include news linked to financial and operational statistics, source documents, investor presentations and event calendars. Regulatory Research Associates (RRA): an SNL extra. With nearly 30 years of unmatched expertise, Regulatory Research Associates (RRA) provides SNL Energy clients with high-level intelligence and consultation on regulatory issues affecting utilities. Recently I was introduced to the SNL service for extracting benchmarking information for electric and gas utilities. The tools provided are excellent, and the support superior to other such services used. Charisse Trottier Strategic Planning Supervisor, DTE Energy Comprehensive power plant analysis is fast and easy with pre-built SNL templates. Produce a list of past and present M&A deals involving power plants with the Power Plant Transactions model. View power plant projects with details such as ownership, technology, fuel type, capacity, and geography with the Power Plant Projects spreadsheet Easy access to market prices. SNL provides hourly power prices at the nodes, zones and hubs for U.S. and Canadian power markets. Generate complete power plant profiles in seconds. The Power Plant Briefing Book aggregates in-depth news, financial and operational statistics for online and under-development power plants in North America.

12 Media & Communications SNL Kagan: the first single source for in-depth analysis and quantitative data on the constantly evolving media and communications business. In today s media world, boundaries between sectors are blurring. So SNL Kagan covers them all: Broadcast, TV Networks, Wireless and Wireline, Multichannel Operations, Global Multichannel, Filmed Entertainment/TV Programming and Internet Media. We connect the dots between sectors in real time.

13 SNL Kagan s proprietary data sets, studies, analysis and projections are the go-to references in vital media and communications sectors. We are your central hub to track both quantitative impact and qualitative implications. A full view of the past, present and future. Receive up-to-the-minute news on companies and sectors, then compare forecasts, tabular historical data and current results. We give you both the panoramic view and the detail from analytical reports on the significance of a studio s content deal with a leading online player, to tabular data identifying operational metrics and revenue streams of individual telcos, multichannel operators and networks. Track deal flow and the shifts in ownership of wireless licenses, broadcast stations, cable networks and Web properties with exclusive "sum-of-theparts" evaluation analysis. See how an entity s economics stack up against the industry average on exclusive sector-specific performance metrics like affiliate revenue per sub for TV networks. See where multichannel operators compete, and who s succeeding where. Understand future revenue streams for TV stations such as retransmission and online. Use the proprietary Kagan Profitability Index (KPI), which continually updates monthly revenue and cost projections for every movie by window. Proprietary insider intelligence on our unique platform. Not only do we aggregate and standardize figures from company-reported financials and other sources like regulatory databases, we also gather exclusive information from our own surveys, insider contacts and top management interviews, all made available on our interactive platform. SNL Kagan s Global Multichannel service includes 75 countries, representing the best worldwide coverage in the Media & Communications sector. SNL Kagan s platform is one of our primary go-to sources for service provider profiles and the information we need to evaluate industry and competitive trends. It s all up-to-date and easy to access! Sharon Metz VP, Vertical Marketing, Rovi Corporation Industry and asset-level intelligence. View 5-year and 10-year domestic and international market size projections. Our expert analysis combines with our unique data on TV networks, TV & radio stations, wireless licenses, cable systems and motion pictures to give you the context necessary to achieve your strategic goals. Company-level financial, operational and market data. Save time and money with easy access to both standardized and as-reported financial and operational data. Our sector-specific approach and accuracy are unmatched.

14 SNL News Breaking news, exclusive reporting, commentary and blogs, and full integration with SNL data and analytics. Our news organization of more than 130 reporters and editors across three continents covers the financial institutions, energy, real estate and media & communications sectors.

15 With more than 130 reporters and editors spanning three continents, SNL s news organization surpasses that of many major media entities in both breadth and depth. Our senior reporters provide sector-focused expertise and institutional knowledge unmatched by other financial news services. The news behind the data. The data behind the news. A unique attribute of the SNL Unlimited information service is the real-time cross-linking of news, data and analytics. Company financial profiles include links to the latest news involving that company. Analytical reports and breaking news stories link back to company profiles as well as relevant stories in the SNL news archives. Subscribers can opt to receive daily or weekly news highlights from each business sector, as well as alerts. In addition to original reporting, our news team also scours hundreds of online and print sources each day so that we never miss a story that matters to our clients. Our stable of third-party experts and industry veterans offers commentary and insight you won t find anywhere else. A full roster of leading sector-based newsletters. SNL publishes 39 different sector-focused newsletters, widely regarded as key insider resources for the industries we cover. Delivered daily, weekly and monthly via and also accessible online, these electronic publications provide exclusive, market-moving information that s linked to SNL s extensive database. The number of SNL newsletters in each sector are: Banks and Thrifts (6) Electric Power (9) Insurance (4) Gas (3) Financial Services (3) Coal (2) Real Estate (4) Media & Communications (8) If mainstream media reporters were as concerned about accurate reporting as your SNL team, they would actually be respected again. SNL is one of the few news sources that I can count on for accurate and timely information. Clifton Keeler Principal Project Director Gasification, ConocoPhillips Company Customizable sector-focused news. SNL offers a wide array of online news content breaking stories, in-depth analysis, real-time press releases and filings, regular features and blogs through a variety of Web part portals that allow users to customize page layout. Users can further filter news content by subject matter and company portfolios. News + data = real knowledge. Articles display a wealth of data related to the story at hand referenced companies, capital offerings, M&A transactions, links to SNL-related and externally sourced articles and a multitude of industry-specific assets like TV networks and power plants. Drawing on unrivaled data resources, our sector experts work together with our experienced reporters to provide the most insightful financial news and analysis in the market today.

16 IR Solutions One-stop online investor relations: custom Web sites, powerful functionality and robust support. SNL is the only vendor in the market who can enrich an IR site with industry information and analytics, such as news, peer comparisons and mapping. Mary Jensen VP-Investor Relations, Douglas Emmett SNL IR Solutions builds and manages investor relations Web sites for companies across the market cap spectrum. In today s stringent regulatory environment, compliance has become a demanding and risky proposition. It takes a partner like SNL to help you navigate the minefields. Our all-in-one IR solution is recognized as the most robust in the industry for corporate governance and shareholder communications. We also provide a variety of conference call and Webcast services that are second to none. SNL provides a custom Web design that matches your corporate site. Our cutting-edge IR console makes the site easier to manage and streamlines workflow. Our single-source solution is enhanced by industry-leading partners such as Chorus Call for conference calls, TalkPoint for Webcasts and Ipreo for targeting, surveillance and analytics. If you re in an SNL-covered industry, SNL can incorporate sector-specific information and news into your site, including peer comparisons and corporate performance graphs now required by the SEC. For companies not in SNL s coverage universe, we still provide financial data, news releases, SEC filings and more, for an all-inclusive flat fee in an industry where extra charges are the norm. Support is provided by expert staffers who understand your business. SNL builds online IR sites and programs for multibillion-dollar financial institutions and REITs to small community banks and everywhere in between. We build free trial sites for new customers and routinely redesign existing sites free for current clients.

17 Conferences & Training Seminars SNL Center for Financial Education (CFE) The SNL Center for Financial Education (CFE) is an SNL affiliate dedicated to professional development for SNL clients and non-clients through seminars, conferences and webinars, as well as custom programs conducted on-site for you. Every year, SNL CFE develops and produces more than 50 industry-specific events for professionals in the financial services, energy, real estate and media sectors. I ve both taught at SNL CFE training seminars and attended their executive conferences. The programs are invariably content-rich and timely with a great mix of industry professionals attending. Mark Dwelle Managing Director, Equity Research, RBC Capital Markets Prestigious industry conferences. CFE executive conferences feature frank conversations and high-level insight from the senior executives and directors who form the conference panels and lead discussions. Among the SNL CFE executives conferences considered must attend in their industries are the SNL Insurance Brokerage Summit, the SNL EXNET Power and Utilities Symposium, the SNL Bank M&A Symposium and the SNL Kagan TV and Radio Finance Summit. Seminars and training programs. CFE training seminars are content-rich and designed to be of immediate practical value. The menu of programs ranges from broad introductory programs to post-graduate equivalency programs focusing on sector-specific analytical concepts including valuation and credit analysis. Instructors for CFE seminars are drawn from the ranks of active industry practitioners and acknowledged subject matter experts. CFE also runs an extensive schedule of webinars, accessible both in real time and archived for on-demand viewing. Many of them are included as part of SNL Unlimited subscriptions. To see the complete schedule of CFE offerings, visit

18 Data Feeds Find new correlations and unlock hidden value in complex business sectors with SNL s sector-specific data feeds. Go granular. From statutory insurance data, to specific balance sheet ratios for banking, to real estate metrics like NAV, AFFO and more, SNL breaks out each sector s unique metrics. In complex business sectors like banking, insurance, financial services, real estate, energy and media & communications, the forces that drive stock value are often embedded in metrics specific to each industry. Only SNL Financial breaks out these metrics in granular fields using in-depth, sector-specific analysis. SNL s data feeds allow you to seamlessly integrate these sector-specific data points into your custom applications and intranets, giving you access to the most complete and relevant picture of the industry. Discover more ways to generate alpha. Share SNL data more efficiently throughout your organization. Tap into 20+ years of historical fundamental data and over 46,000 data points. Our sector experts can brief you on each of our covered industries, show you what to look for and help you take advantage of our unique data sets. SNL s technical experts will assist you with platform integration, and monitor and support your data feeds. Better data helps you create more accurate models and strategies. SNL is the only data source that guarantees accuracy and timeliness, letting you focus on results without having to second-guess the data. SNL Data Publications SNL publishes a full lineup of printed directories for the business sectors we cover. From executive compensation to mergers and acquisitions, these valuable desk references provide quick and easy access to hundreds of rankings, listings and industry trends. For example, the SNL Financial Institutions Deal Book is the definitive source for M&A and capital markets activity in a given year, naming all the players and deals.

19 SNL Support SNL experts help you harness the power of SNL to maximize the return on your subscription investment. Around-the-clock support. SNL customer support advisors are experts in financial analysis, your sector and SNL s products. Tell your SNL expert what you re trying to do from a business perspective. You ll get some easily applied tips that will harness the power of SNL to ensure you meet your goals. SNL Support people aren t tech reps, although they re well-versed in how to apply our technology. They have backgrounds similar to yours. They are one of the many reasons SNL renewal rates consistently exceed 93%. With extended support hours around the globe, SNL Support is available to answer your questions at any time, from anywhere. Talk to an expert. Talk to an SNL expert to unleash the full benefits of everything SNL offers. Learn tips that translate into bottom-line results. Gain a competitive edge, cut hours of manual updating and make your life easier. Find out how easy it is to link your spreadsheets to the SNL database, using SNLxl. Ask about the Briefing Book report builder function to produce in-depth, presentation-ready pitch books on a specific company in minutes, not hours. Get up to speed on mapping in all its colorful dimensions. Find out the details on the latest SNL innovations. Take advantage of SNL Support to get the most out of SNL. US: UK: India: support@snl.com What SNL customers say about being able to talk to an expert any time: Your support team is CONSISTENTLY a pleasure to deal with. They are highly responsive, helpful and their level of service very refreshing! You ve exceeded my expectations with my many interactions and requests. Cindy S. Walters, Senior Vice President and Director of Marketing, Alliance Bank I am always impressed with the speed at which questions, concerns and errors are addressed at SNL. SNL should hold seminars for other companies and businesses. Matt Wainscott, Senior Financial Analyst, Austin Associates, LLC Seriously, you guys have very dependable, quick and knowledgeable service. I used to look at all the comments on your Web site and wonder whether they are cooked up. Now I am convinced that they are not. Keep up the great work! Amitabh Bhargava, Business Director, Commercial Credit Risk Management, Capital One Financial Corporation

20 SNL Financial s global reach spans 10 offices worldwide, with an ever-expanding workforce of more than 1,300 employees. Banks & Thrifts Insurance & Financial Services Real Estate Media & Communications Energy Headquarters One SNL Plaza P.O. Box 2124 Charlottesville, VA sales fax Ahmedabad, India SNL House 5, Sunrise Park Society Drive-in Road, Vastrapur Ahmedabad: Arlington, VA 1700 North Moore Street 11th Floor, Suite 1110 Arlington, VA fax Boston, MA 15 Broad Street, Suite 501 Boston, MA fax Boulder, CO 921 Walnut Street, Suite 250 Boulder, CO fax Islamabad, Pakistan 101-W Al-Khair Plaza Fazal-ul-Haq Rd. Blue Area, Islamabad, Jersey City, NJ 30 Montgomery Street Jersey City, NJ fax London, England 7 Birchin Lane London, EC3V 9BW United Kingdom +44 (0) (0) fax Monterey, CA One Lower Ragsdale Drive Building One, Suite 130 Monterey, CA fax New York, NY Trinity Centre 115 Broadway, 16th Floor New York, NY fax