TD Bank 2014 Annual Report Download - page 4

TD BANK GROUP ANNUAL REPORT 2014 YEAR AT A GLANCE2
1
Effective November 1, 2011, The Toronto-Dominion Bank (the “Bank” or “TD”)
prepares its Consolidated Financial Statements in accordance with International
Financial Reporting Standards (IFRS), the current Generally Accepted Accounting
Principles (GAAP), and refers to results prepared in accordance with IFRS as the
”reported” results. The Bank also utilizes non-GAAP financial measures to arrive
at “adjusted” results to assess each of its businesses and to measure overall Bank
performance. To arrive at adjusted results, the Bank removes “items of note”,
net of income taxes, from reported results. See “How the Bank Reports” in the
accompanying 2014 Management’s Discussion and Analysis (MD&A) for further
explanation, a list of the items of note, and a reconciliation of non-GAAP financial
measures. The calculation of growth rates include balances in accordance with
Canadian Generally Accepted Accounting Principles for the 2010 financial year
and balances in accordance with IFRS for 2011 to 2014.
Certain comparative amounts have been restated as a result of the adoption
of new and amended standards under IFRS (New IFRS Standards and Amend-
ments) which required retrospective application and to retrospectively reflect the
impact of the January 31, 2014, stock dividend, as further discussed in Note 4 and
Note 21 of the 2014 Consolidated Financial Statements, respectively, and due to
reclassifications to conform with the presentation adopted in the current period.
In addition, the Bank’s comparative segment results have been restated to reflect
the segment realignment which occurred on November 1, 2013, which is further
discussed in Note 31 of the 2014 Consolidated Financial Statements.
“Five-year CAGR” is the compound annual growth rate calculated from 2009
to 2014 on an adjusted basis.
Canadian peers include Royal Bank of Canada, Scotiabank, Bank of Montreal,
and Canadian Imperial Bank of Commerce.
Total Shareholder Return based on Bloomberg for the five-year period ending
October 31, 2014.
“TD’s Premium Retail Earnings Mix” is based on adjusted results and excludes
Corporate segment.
2
Reference to retail earnings include the total adjusted earnings of the Canadian
Retail and U.S. Retail segments.
3
Total Shareholder Return based on Bloomberg for the one-year period ended
October 31, 2014.
4
Based on the Office of the Superintendent of Financial Institutions Canada (OSFI)
volumes as at September 30, 2014.
5
Client assets consists of TD Wealth $597 billion and TD Ameritrade $711 billion.
TD Ameritrade figures as of their year-end on September 30, 2014.
6
Based on SNL Financial rankings (as at October 31, 2014).
7
Canadian Market share of VISA and Mastercard outstanding balances based
on the Nilson report as at April 2014.
8
2014 Interbrand “Best Canadian Brands” ranking (September 2014).
TD Canada Trust received the highest numerical score among the big five
retail banks in the proprietary J.D. Power 2006-2014 Canadian Retail Banking
Customer Satisfaction StudiesSM. 2014 study based on 17,183 total responses and
measures opinions of consumers with their primary banking institution. Proprietary
study results are based on experiences and perceptions of consumers surveyed
May-June 2014. Your experiences may vary. Visit jdpower.com.
TD Canada Trust received the highest numerical score in the proprietary J.D.
Power 2014 Canadian Small Business Banking Satisfaction StudySM. Study based
on 1,348 total responses, measuring 5 financial institutions and measures opinions
of small business customers. Proprietary study results are based on experiences
and perceptions of customers surveyed in May-June 2014. Your experiences may
vary. Visit jdpower.com.
9
Comscore reporting current as of September 30, 2014, based on an audience of
approximately 24 million Canadian mobile subscribers above the age of 13.
Year at a Glance1
Record TD Adjusted Earnings
of $8.1 billion in 20142
TD announced record adjusted earnings for the
sixth consecutive year driven by record adjusted
earnings of $7.6 billion in our retail businesses
and a strong year in the Wholesale segment.
Strong TD Shareholder Returns3
TD shareholders benefited from a 20% Total
Shareholder Return (TSR) in fiscal 2014 and a
14% year-over-year increase in dividends paid.
TD Market Capitalization
reaches Milestone
TD’s market capitalization exceeded the
$100 billion milestone for the first time
in fiscal 2014.
TD Canada Trust remains
Canadians’ choice for Banking4
TD ranked #1 in market share for
Day to Day Banking.
Record Wealth Management
client assets5
As of October 31, 2014, clients of TD Wealth
and TD Ameritrade have entrusted us with
over $1.3 trillion in assets.
TD Bank, America’s Most
Convenient Bank® reaches Store
Network Milestone6
TD Bank, America’s Most Convenient Bank
is a top 10 U.S. bank (by stores), opening
15 new stores in Manhattan this year, and
now has 124 locations in New York City.
TD Securities showed strength in
its franchise origination business
Notable deals included: Nalcor Energy
Muskrat Falls Project – one of the largest bond
placements in Canadian history, at $5 billion;
PrairieSky Royalty’s $1.7 billion initial public
offering (IPO) – largest Canadian IPO in 14 years;
and World Bank – lead managed U.S. dollar
global transactions for the first time.
TD becomes Canada’s largest
Credit Card provider7
With the successful close of the Aeroplan
portfolio purchase, this year TD moved to the
#1 position in Canada from #6 in 5 years and
assumed the mass marketing rights to the
prestigious Aeroplan program.
TD continues to be a brand and
service leader in Canada8
TD named the Best Brand in Canada by
Interbrand. TD Canada Trust (TDCT) named
highest in Customer Satisfaction for the ninth
year in a row by J.D. Power in the Canadian
Retail Banking Study. TDCT also ranks highest
in the Canadian J.D. Power Small Business
Banking study for the first time and TD ranks
2nd in the J.D. Power Canadian Full Service
Investor study.
TD maintained mobile banking
leadership position in Canada9
TD ranked #1 for the number of mobile
subscribers accessing financial services via
their mobile devices.
TD issues Green Bond
In March 2014, TD became the first
commercial bank in Canada to issue a
green bond. The $500 million three-year
bond supports the low carbon economy
in three areas: renewable and low carbon
energy; energy efficiency and management,
with a focus on green buildings; and green
infrastructure and sustainable land use.
#TDTHANKSYOU Shows The
World That a Bank Can Care
TD turned ATMs into Automated Thanking
Machines to show its appreciation and create
very special experiences for customers. The
most powerful moments were captured on a
video that went on to garner worldwide media
attention and more than 18 million views.