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Company Overview Full Year ended December 2005 American Express Company Revenues: $ 24.3B Income from Continuing Ops $ 3.2B Net Income $ 3.7B Pro Forma Return on Equity: 31.5% (1) Corporate and Other U.S. Card Services Global Network & Merchant Services International Card & Global Commercial Services 1. Calculated based on $3.2 billion of income from continuing operations and $10.2 billion of average month end shareholders equity for the quarter ending December, 31 2005. 5
AXP Performance vs. Long Term Targets Revenue Target 1 8% 2003 8% 2004 12% 2005 10% YTD’06 13% EPS 12-15% 15% 12% 2 16% 2 22% 2 17% 2 ROE Pre-Spin 3 18-20% 21% 22% 25% 30% Post-Spin 28-30% 31% 4 33% 4 1. Targets are on average, over time. 2. Income from continuing operations. EPS growth on a net income basis b was 14% in 2003, 17% in 2004, 11% in 2005 and (7%) YTD as of June 30, 2006. 3. Calculated on a trailing 12-month basis using reported net income over average total shareholders’ equity (including discontinued operations). 4. Pro forma ROE, is determined on a trailing 12-month basis using income from continuing operations (which excludes discontinued operations) over average month-end shareholders’ equity for the period from 9/30/05 through 12/31/05 for 2005 and from 9/30/05 through 6/30/06 for YTD, 2006. Source: 2003-2004 2004 Revenue and EPS growth for AXP continuing operations based on data reported in Company’s 8-K 8 K reports dated 10/6/2005 and 4/5/06. 6
Page 1 and 2: American Express Australian Debt In
Page 3 and 4: Agenda • Overview of American Exp
Page 5: Spend-Centric Model • The AXP spe
Page 9 and 10: Returns: AXP ROE 1995 - YTD’06 40
Page 11 and 12: Metric Trends FY 2003 FY 2004 FY 20
Page 13 and 14: AXP Average Spend vs. Visa/MasterCa
Page 15 and 16: Worldwide Total Cards-In-Force 1999
Page 17 and 18: Average Discount Rate 3.50% 3.35% 3
Page 19 and 20: Managed Cardmember Loans 12/31/05 O
Page 21 and 22: Risk Management • Credit loss and
Page 23 and 24: Credit Performance - U.S. Industry
Page 25 and 26: Forecasted U.S. Consumer Spend Grow
Page 27 and 28: AXP U.S. GNS Partners YTD 2006 Visa
Page 29 and 30: Cardmember Behavior U.S. Results, 2
Page 31 and 32: Company Overview Full Year ended De
Page 33 and 34: Global Network & Merchant Services
Page 39 and 40: Credco Key Financial Metrics Americ
Page 41 and 42: Liquidity Management • Philosophy
Page 43 and 44: Credco A$ Financing Objectives •
Page 45 and 46: Appendix - Credco Income Statements
Page 47: Appendix - Note • Discount rate i

Investor Roadshow Presentation - Wholesale Banking - Home - Our ...

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