Barclays Plc · LSE:BARC
Barclays — Debt Investor Presentation (February 2021)
78 slides from Barclays's debt investor presentation, Feb 18, 2021
Slide 1: Barclays PLC Fixed Income Investor Presentation
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays PLC Fixed Income Investor Presentation Q4 2020 Results Announcement 18 February 2021
Slide 2: Strategy, Targets and Guidance
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Strategy, Targets and Guidance
Slide 3: Resilient FY20 performance despite the COVID-19 pandemic
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Resilient FY20 performance despite the COVID-19 pandemic FY20 Financial highlights1 Continue to support customers, clients, colleagues and commun
Slide 4: Strong balance sheet underpinning returns potential
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Strong balance sheet underpinning returns potential FY20 metrics1 Group targets Group RoTE Group RoTE/profitability Cost efficiency 3.2% >10% RoT
Slide 5: Outlook: Diversification allowing resumption of capital returns to shareholders
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Outlook: Diversification allowing resumption of capital returns to shareholders Returns Expect meaningful year-on-year RoTE improvement in 2021 T
Slide 6: Diversified banking model which provides resilience through economic cycles
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Diversified banking model which provides resilience through economic cycles Diversified by Diversified by Diversified by customer and client geog
Slide 7: CIB returns improvement driven by material growth in market share of the Markets business
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES CIB returns improvement driven by material growth in market share of the Markets business since 2017 Total market share change of the Markets bus
Slide 8: Consumer spending impacted by extended lockdowns while mortgage activity remains robust
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Consumer spending impacted by extended lockdowns while mortgage activity remains robust Merchant acquiring Cards spending1 Mortgages turnover2 Yo
Slide 9: Barclays investment proposition
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays investment proposition Our scale, geographic reach and diversification make us a universal bank, delivering financial expertise around t
Slide 10: Performance
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Performance
Slide 11: FY20 Group highlights
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES FY20 Group highlights Group PBT of £3.2bn (excl. litigation and conduct) despite the impact of the COVID-19 pandemic Financial performance1 • PBT
Slide 12: Q420 Group highlights
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q420 Group highlights Barclays continued to be profitable in the fourth quarter with a strong balance sheet Financial performance1 • Income decre
Slide 13: Income growth of 1% as strong CIB performance offset consumer business headwinds
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Income growth of 1% as strong CIB performance offset consumer business headwinds £21,632m +1% £21,766m Income -14% YoY 20,000 • Lower unsecured l
Slide 14: Consumer businesses still facing headwinds from COVID-19 restrictions
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Consumer businesses still facing headwinds from COVID-19 restrictions Barclays UK Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec • Experiencing
Slide 15: Costs increased 1%, with neutral cost: income jaws
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Costs increased 1%, with neutral cost: income jaws1 FY20 costs of £13.7bn1 Cost: income ratio of 63%1 Of which structural Total +1% £13,585m £13,
Slide 16: Q420 Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q420 Barclays UK Barclays UK continued to support customers in a challenging operating environment • Income decreased 17% reflecting the challeng
Slide 17: Q420 Barclays International
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q420 Barclays International Resilient performance with stable income and impairment, and lower costs Financial performance1 • Income was stable a
Slide 18: Q420 Barclays International: Corporate & Investment Bank
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q420 Barclays International: Corporate & Investment Bank Record Q4 income1 and positive cost: income jaws Financial performance2 • CIB income inc
Slide 19: Q420 Barclays International: Consumer, Cards & Payments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q420 Barclays International: Consumer, Cards & Payments Lower income partially offset by reduction in costs and impairment Q419 Q120 Q220 Q320 Q4
Slide 20: Head Office
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Head Office Q419 Q320 Q420 • Q420 negative income of £171m including: − Funding costs on legacy capital instruments, including £85m from Income (
Slide 21: Structural Hedge and Interest rate sensitivity
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Structural Hedge and Interest rate sensitivity Structural Hedge Program update • The Group’s combined gross equity and product structural hedge c
Slide 22: Asset Quality
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Asset Quality
Slide 23: Impairment charge increased £2.9bn due to expected future customer and client stress
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Impairment charge increased £2.9bn due to expected future customer and client stress caused by the pandemic Group loan 55bps 138bps All divisions
Slide 24: Balance sheet impairment allowances significantly strengthened, including management adjustments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Balance sheet impairment allowances significantly strengthened, including management adjustments Baseline scenario macroeconomic variables (MEVs)
Slide 25: Key macroeconomic variable assumption trends
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Key macroeconomic variable assumption trends GDP (re-based to 2019) Unemployment rate1 110 14.0% 13.0% 105 12.0% 10.0% 100 7.4% 8.0% 95 6.0% 90 4
Slide 26: Increased coverage across all portfolios, with unsecured lending coverage ratio at 12.3%
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Increased coverage across all portfolios, with unsecured lending coverage ratio at 12.3% Credit cards, unsecured loans and other retail lending W
Slide 27: Increased coverage across unsecured portfolios, with UK and US cards coverage ratios
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Increased coverage across unsecured portfolios, with UK and US cards coverage ratios of 16.6% and 14.3% respectively UK cards US cards Gross expo
Slide 28: Retail portfolios in the UK and US were prudently positioned coming into the crisis
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Retail portfolios in the UK and US were prudently positioned coming into the crisis FY19 H120 FY20 • Risk actions taken at pandemic outset to mit
Slide 29: Payment holiday balances outstanding are at low levels
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Payment holiday balances outstanding are at low levels despite the continued impacts of the pandemic UK mortgages1 UK cards1 Total payment holida
Slide 30: Wholesale exposures are diversified and well covered
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Wholesale exposures are diversified and well covered, especially in selected vulnerable sectors Wholesale exposure as at FY20 (1.5% coverage rati
Slide 31: Capital & Leverage
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Capital & Leverage
Slide 32: CET1 ratio increased 130bps YoY and 50bps QoQ
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES CET1 ratio increased 130bps YoY and 50bps QoQ CET1 ratio was 390bps above the MDA hurdle of 11.2% as at Dec-20 YoY CET1 ratio1 movements 35bps 6b
Slide 33: RWAs increased by £11.1bn YoY and decreased by £4.5bn QoQ
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES RWAs increased by £11.1bn YoY and decreased by £4.5bn QoQ YoY RWAs movements (£bn) 1.7 2.6 4.9 9.1 6.6 3.6 0.9 303.6 306.2 300.4 295.1 295.1 297.
Slide 34: CET1 ratio flightpath to target range of 13-14%
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES CET1 ratio flightpath to target range of 13-14% 24bps 13-14% 23bps • PVA relief: 15bps 15.1% • 14.9% IFRS 9 relief 14.7% 14.7% 14.7% 15.1% amorti
Slide 35: Material increase in headroom above MDA hurdle
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Material increase in headroom above MDA hurdle CET1 ratio target in the range of 13-14% Illustrative evolution of minimum CET1 requirements and b
Slide 36: IFRS 9 transitional relief as at Dec-20 at c.80bps
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES IFRS 9 transitional relief as at Dec-20 at c.80bps Impairment migration to stage 3 would lead to capital impact as it is not eligible for transit
Slide 37: Constructive regulatory actions in 2020
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Constructive regulatory actions in 2020 Many regulatory actions in place for the medium term Expected timeline and beyond FY20 FY21 FY22 FY23 FY2
Slide 38: 2021 pension update
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES 2021 pension update CET1 ratio headwinds from pension reduction contributions fully incorporated into prudent capital plan and CET1 target • As a
Slide 39: Managing evolving future Group minimum leverage requirements
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Managing evolving future Group minimum leverage requirements Minimum leverage requirements and buffers under the UK regime • Headroom to minimum
Slide 40: Capital structure well established
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Capital structure well established Expect to hold prudent headroom above AT1 and Tier 2 minimums Illustrative evolution of regulatory capital str
Slide 41: MREL, Funding and Liquidity
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES MREL, Funding and Liquidity
Slide 42: MREL position already compliant with all 2022 requirements
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES MREL position already compliant with all 2022 requirements Expect c.£8bn of MREL issuance in 2021 Fully loaded MREL position of £100bn as at Dec-
Slide 43: Continued progress in HoldCo issuance
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Continued progress in HoldCo issuance 2020 HoldCo issuance Annual HoldCo issuance volume materially lower compared to 2016-18 (£bn)1,2 by currenc
Slide 44: High quality liquidity position
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES High quality liquidity position YoY liquidity position stable, with Group LCR well above regulatory requirements Comfortably exceeding minimum re
Slide 45: Conservative loan: deposit ratio
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Conservative loan: deposit ratio LDR decreased 11% YoY, reflecting strong deposit growth during the year in BUK and CIB Conservative loan: deposi
Slide 46: Wholesale funding composition as at 31 December 2020
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Wholesale funding composition as at 31 December 20201 <1 1-3 3-6 6-12 Total 1-2 2-3 3-4 4-5 As at 31 December 2020 (£bn) >5 years Total month mon
Slide 47: Credit Ratings
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Credit Ratings
Slide 48: Strategic priority to maintain strong ratings
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Strategic priority to maintain strong ratings Current Senior Long and Moody’s Standard & Poor’s Fitch Short Term ratings Baa2 BBB A Barclays PLC
Slide 49: Barclays rating composition for senior debt
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays rating composition for senior debt Moody’s Standard & Poor’s Fitch BPLC BBPLC BBUKPLC BPLC BBPLC BBUKPLC BPLC BBPLC BBUKPLC Adj. Baselin
Slide 50: Barclays rating composition for subordinated debt
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays rating composition for subordinated debt Moody’s Standard & Poor’s Fitch Adj. Baseline Stand-alone Stand-Alone Viability Credit baa2 baa
Slide 51: ESG
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES ESG
Slide 52: Ambition to be a net zero bank by 2050
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Ambition to be a net zero bank by 2050 Ambition to be a net zero bank by 2050 • Already at net zero emissions from our own operations (Scope 1 an
Slide 53: Barclays' climate journey
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays’ climate journey March 2020 • Announced ambition to be net zero • Updated restrictions for sensitive energy sectors May 2020 • Climate r
Slide 54: Divisions and Legal Entities
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Divisions and Legal Entities
Slide 55: Legal entity structure of the Group since April 2018
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Legal entity structure of the Group since April 2018 Barclays PLC Barclays International Barclays UK and Head Office1 Personal Banking Consumer,
Slide 56: Strong legal entity capital and liquidity positions
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Strong legal entity capital and liquidity positions Continue to manage legal entity capital ratios with appropriate headroom to requirements Barc
Slide 57: Barclays is set up to continue serving clients based in the EU
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays is set up to continue serving clients based in the EU EU subsidiary operational with client on-boarding substantially complete • Barclay
Slide 58: Appendix
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Appendix
Slide 59: Remained open for business throughout the COVID-19 pandemic
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Remained open for business throughout the COVID-19 pandemic, helping support the economy Supporting Supporting Supporting our communities custome
Slide 60: Support for customers in the UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Support for customers in the UK1 • Mortgage payment holidays granted for c.128,000 accounts Mortgages • 12 month interest only payments granted P
Slide 61: Support for businesses
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Support for businesses1 • £14bn three year lending fund for UK SMEs Existing lending • Over £50bn of lending limits available to UK clients and w
Slide 62: Support for our communities and colleagues
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Support for our communities and colleagues1 • £100m committed to the COVID-19 Community Aid Package Supporting for charities delivering COVID-19
Slide 63: FY20 other items of interest
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES FY20 other items of interest Year ended (£m) Dec-20 Dec-19 Income Strategic investment gain relating to the IPO of Tradeweb - 180 Corporate & Inv
Slide 64: FY20 Group
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES FY20 Group Year ended (£m) Dec-20 Dec-19 % change Excluding litigation and conduct – year Dec-20 Dec-19 % change ended (£m) Income 21,766 21,632
Slide 65: FY20 Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES FY20 Barclays UK Year ended (£m) Dec-20 Dec-19 % change Excluding litigation and conduct – year Dec-20 Dec-19 % change ended (£m) – Personal Bank
Slide 66: FY20 Barclays International
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES FY20 Barclays International Year ended (£m) Dec-20 Dec-19 % change Excluding litigation and conduct – year Dec-20 Dec-19 % change ended (£m) – CI
Slide 67: FY20 Barclays International: Corporate & Investment Bank
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES FY20 Barclays International: Corporate & Investment Bank Year ended (£m) Dec-20 Dec-19 % change Excluding litigation and conduct – year Dec-20 De
Slide 68: FY20 Barclays International: Consumer, Cards & Payments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES FY20 Barclays International: Consumer, Cards & Payments Year ended (£m) Dec-20 Dec-19 % change Excluding litigation and conduct – year Dec-20 Dec
Slide 69: FY20 Head Office
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES FY20 Head Office Year ended (£m) Dec-20 Dec-19 % change Excluding litigation and conduct – year Dec-20 Dec-19 % change ended (£m) Income (502) (3
Slide 70: Q420 other items of interest
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q420 other items of interest Three months ended (£m) Dec-20 Dec-19 Income Strategic investment gain relating to the IPO of Tradeweb - 55 Corporat
Slide 71: Q420 Group
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q420 Group Three months ended (£m) Dec-20 Dec-19 % change Excluding litigation and conduct – three Dec-20 Dec-19 % change months ended (£m) Incom
Slide 72: Q420 Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q420 Barclays UK Three months ended (£m) Dec-20 Dec-19 % change Excluding litigation and conduct – three Dec-20 Dec-19 % change months ended (£m)
Slide 73: Q420 Barclays International
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q420 Barclays International Three months ended (£m) Dec-20 Dec-19 % change Excluding litigation and conduct – three Dec-20 Dec-19 % change months
Slide 74: Q420 Barclays International: Corporate & Investment Bank
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q420 Barclays International: Corporate & Investment Bank Three months ended (£m) Dec-20 Dec-19 % change Excluding litigation and conduct – three
Slide 75: Q420 Barclays International: Consumer, Cards & Payments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q420 Barclays International: Consumer, Cards & Payments Three months ended (£m) Dec-20 Dec-19 % change Excluding litigation and conduct – three D
Slide 76: Q420 Head Office
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q420 Head Office Three months ended (£m) Dec-20 Dec-19 % change Excluding litigation and conduct – three Dec-20 Dec-19 % change months ended (£m)
Slide 77: Contact – Debt Investor Relations Team
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Contact – Debt Investor Relations Team Version 1 Dan Colvin Lis Nguyen Robert Georgiou +44 (0)20 7116 6533 +44 (0)20 7116 1065 +44 (0)20 7116 044
Slide 78: Disclaimer
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Disclaimer Important Notice The terms Barclays or Group refer to Barclays PLC together with its subsidiaries. The information, statements and opi
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