Barclays Plc · LSE:BARC
Barclays — Financial Services Conference 2010
11 slides from Barclays's conference presentation, Sep 13, 2010
Slide 1: Robert E. Diamond Jr, President, Barclays Plc
Robert E. Diamond Jr President, Barclays Plc Financial Services Conference New York, September 13th – 14th , 2010
Slide 2: Economic and market context
Economic and market context • Weathered short-term economic threats • Momentum of recovery slowed, but still growing • Focus on government deficits and long-term economic sustainability
Slide 3: Healthier position in the private sector
Healthier position in the private sector Household Saving Ratio S&P 500 Composite (% gross disposable income) Total Debt / Total Capital 20.0% 110% Euro Area 18.0% US UK 16.0% 100% 14.0% 12.0% 90% 10.0% 8.0% 80% 6.0% 4.0% 70% 2.0% 0.0% 60% -2.0% 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009
Slide 4: Regulatory reform
Regulatory reform • Support regulatory reform – strong banks benefit from strong regulation • Some areas of proposed reform need careful calibration • Confident of workable outcome –Banks must be able to work with their clients to drive economic growth
Slide 5: Industry Trends
Industry Trends • Greater focus on returns and larger divergence between winners and losers • US remains the dominant global profit pool but EM growing faster and achieving scale • Increased focus on client business, with emphasis on delivering institutional client solutions
Slide 6: Group performance
Group performance 2010 2009 Change Half year ended – June (£m) (£m) % Income 16,581 15,318 8 Impairment charges (3,080) (4,556) (32) Net income 13,501 10,762 25 Operating expenses (9,720) (8,051) 21 Profit before tax 3,947 2,745 44 Cost : income ratio 59% 53% Return on equity 9.8% 9.4% Return on tan
Slide 7: Barclays strategic objectives
Barclays strategic objectives • Staying close to customers and clients • Managing our risks • Maintaining strategic momentum
Slide 8: Staying close to customers and clients
Staying close to customers and clients League tables* H1 10 H1 09 Change Rank Share Rank Share Rank Global Debt 1 8.2 2 8.6 US Debt 2 12.1 4 11.9 All International Bonds 1 8.7 1 9.4 Global Foreign Exchange 3 11.1 3 10.5 Americas M&A completed 2 21.7 9 10.6 Global M&A completed 4 14.5 19 4.2 US IPOs
Slide 9: Managing our risks
Managing our risks Core Tier One Capital Ratio Adjusted Gross Leverage Liquidity Buffer 33x £160bn 10.0% 0.6x 20x 2.1x 8.4x 4.7% £19bn FY 07 H1 10 FY 07 H1 10 FY 07 H1 10
Slide 10: Maintaining strategic momentum
Maintaining strategic momentum • Building out Equities and M&A platforms Barclays • Maintaining cost flexibility Capital • Capitalising on advantaged position • Executing the Gamma Plan with a view to transforming the Barclays scale of the business Wealth • Investing on a pay-as-you-go basis • Devel
Slide 11: Summary
Summary • Integrated universal bank • Strong H1’10 profit performance • Enhanced capital positioning • Well positioned for growth