Barclays Plc · LSE:BARC
Barclays — Debt Investor Presentation (April 2022)
67 slides from Barclays's debt investor presentation, Apr 28, 2022
Slide 1: Q1 2022 Fixed Income Investor Presentation
Barclays PLC Q1 2022 Fixed Income Investor Presentation 28 April 2022
Slide 2: Strategy
Strategy
Slide 3: How Barclays will continue to deliver value
STRATEGY, STRATEGY,TARGETS TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & & GUIDANCE GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES How Barclays will continue to deliver value Our diversification, built to Strategic priorities to deliver double-digit re
Slide 4: Corporate and consumer businesses positioned well for the real economy backdrop
STRATEGY, STRATEGY,TARGETS TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & & GUIDANCE GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays’ corporate and consumer businesses positioned well for the real economy backdrop Interest rates (%) Unemployment
Slide 5: Strategic priorities underpinned by structural market and societal trends
STRATEGY, STRATEGY,TARGETS TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & & GUIDANCE GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Our strategic priorities to grow are underpinned by structural market and societal trends Deliver next-generation, digiti
Slide 6: Total payments income growth opportunity of c.£900m over three years
STRATEGY, STRATEGY,TARGETS TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & & GUIDANCE GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Total payments income growth opportunity of c.£900m over three years from FY20-FY23 Q122 vs. Q121 FY20 FY21 Q121 Q122 % c
Slide 7: Our climate strategy and updates to our approach and targets
STRATEGY, STRATEGY,TARGETS TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & & GUIDANCE GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Our climate strategy and updates to our approach and targets In March 2020 Barclays announced its ambition to be a net ze
Slide 8: Resilient Q122 profitability, continue to target RoTE >10% in 2022
STRATEGY, STRATEGY,TARGETS TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & & GUIDANCE GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Resilient Q122 profitability, continue to target a RoTE >10% in 2022 Q122 metrics Group targets over the medium term Retu
Slide 9: Well-positioned to deliver sustainable double digit returns
STRATEGY, STRATEGY,TARGETS TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & & GUIDANCE GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays is well-positioned to deliver sustainable double digit returns 1 2.2% 2 £(1.0)bn 1.0% £(0.5)bn Interest ra
Slide 10: Outlook
STRATEGY, STRATEGY,TARGETS TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & & GUIDANCE GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Outlook Returns • Barclays continues to target a RoTE of >10% in 2022 • Barclays’ diversified income streams position the
Slide 11: Performance
Performance
Slide 12: Resilient Q122 performance with Group income up 10% YoY
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Resilient Q122 performance despite elevated L&C1 charges, with Group income up 10% YoY reflecting growth across all businesses Resilient
Slide 13: Over-issuance of securities in the US
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Over-issuance of securities in the US 2019 March 2022 Ongoing Timeline • Barclays Bank PLC (BBPLC) filed • BBPLC determined it exceeded •
Slide 14: Limited exposure to Russia, Ukraine and Belarus
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Limited exposure to Russia, Ukraine and Belarus Barclays has no physical business operations in Russia, Ukraine, or Belarus • No physical
Slide 15: Global Markets: Performance drivers
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Global Markets: Performance drivers Barclays’ Global Markets income running above historic levels Business mix 3 Q122: Q120-Q421 £2.7bn •
Slide 16: Income: 10% growth YoY
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Income: 10% growth YoY Group income up 10% YoY (£m) 6,496 • Global Markets +26% 5,900 – FICC +37% and Equities +13% BI: Corporate & • Inv
Slide 17: Mortgage growth continues, well positioned for rising rates
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Mortgage growth continues, well positioned for rising rates and optimistic about recovery in unsecured lending Change in monthly card spe
Slide 18: Costs: Q122 costs increase largely driven by L&C charges
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Costs: Q122 costs increase largely driven by L&C charges (£m) Q122 total costs increased £0.5bn YoY (£m) Q122 base costs up YoY (£m) Incr
Slide 19: Barclays now expects total FY22 costs to be around £15.0bn
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays now expects total FY22 costs to be around £15.0bn1 FY212 to FY22 costs outlook (£bn) 14.7 c.15.0 Structural cost actions 0.6 Key
Slide 20: Q122 Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q122 Barclays UK RoTE of 15.6% reflecting higher rates, partially offset by mortgage margin compression, with Q122 NIM of 2.62% • Income
Slide 21: Q122 Barclays International
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q122 Barclays International RoTE of 14.8% driven by strong income growth, offset by litigation and conduct provisions • Income up 10% Inc
Slide 22: Q122 Barclays International: Corporate & Investment Bank
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q122 Barclays International: Corporate & Investment Bank RoTE of 17.1%, with strong performances in FICC and Equities offsetting lower In
Slide 23: Q122 Barclays International: Consumer, Cards & Payments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q122 Barclays International: Consumer, Cards & Payments RoTE of (1.5)% reflecting higher income more than offset by customer remediation
Slide 24: Q122 Head Office
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q122 Head Office Q121 Q221 Q321 Q421 Q122 • Q122 income of £23m including: − One-off gain of £86m from the sale Income 23 and leaseback o
Slide 25: Structural hedge
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Structural hedge Structural hedge program update Dec-19 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 • The Group’s combined gross equity and
Slide 26: Interest rate sensitivity
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Interest rate sensitivity Illustrative sensitivity of Group NII to a parallel shift in interest rate curves1 • This analysis assumes an i
Slide 27: QoQ TNAV per share movements
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES QoQ TNAV per share movements QoQ TNAV movements (pence per share) 4 2 5 15 8 1 291 294 Dec-21 Earnings Own credit Pension Currency Cash f
Slide 28: Asset Quality
Asset Quality
Slide 29: Impairment: Q122 charge of £0.1bn
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET ASSETQUALITY QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Impairment: Q122 charge of £0.1bn, reflecting lower unsecured lending balances and maintained appropriate coverage ratios Components of
Slide 30: Retaining management adjustments due to uncertainty
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET ASSETQUALITY QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Retaining management adjustments due to uncertainty Baseline macroeconomic variables (MEVs) MEVs used in Q421 results Q122 MEVs Change i
Slide 31: Mar-22 coverage ratios remain strong
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET ASSETQUALITY QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Mar-22 coverage ratios remain strong Credit cards, unsecured loans and other retail lending Wholesale loans Gross exposure (£bn) Impairm
Slide 32: UK and US cards coverage ratios above pre-pandemic levels
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET ASSETQUALITY QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Mar-22 UK and US cards coverage ratios still meaningfully above pre-pandemic levels UK cards US cards Gross exposure (£bn) Impairment al
Slide 33: Wholesale exposures diversified and appropriately covered
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET ASSETQUALITY QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Wholesale exposures are diversified and appropriately covered, including in selected sectors Wholesale and selected sector exposure Whol
Slide 34: Retail portfolios in the UK and US appropriately positioned
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET ASSETQUALITY QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Retail portfolios in the UK and US continue to be appropriately positioned • Strong balance growth supported by elevated demand 158.2 an
Slide 35: Capital & Leverage
Capital & Leverage
Slide 36: Q122 CET1 ratio of 13.8%
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q122 CET1 ratio of 13.8% Capital accretion primarily offset by L&C relating to over-issuance of securities in the US and RWA growth QoQ CET1 ratio1 m
Slide 37: 13-14% CET1 ratio target provides headroom above MDA hurdle
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES 13-14% CET1 ratio target continues to provide appropriate headroom above evolving MDA hurdle Illustrative evolution of minimum CET1 requirements and
Slide 38: RWAs increased QoQ
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES RWAs increased QoQ driven by regulatory changes and CIB lending RWA movements (£bn) (1.4) 3.3 3.4 2.8 6.6 328.8 328.8 326.9 323.5 314.1 320.7 314.1 1
Slide 39: IFRS 9 transitional relief of c.20bps
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES IFRS 9 transitional relief of c.20bps as at Mar-22 Constructive regulatory action in Q220 gave greater relief for Stage 1 and 2 impairments • 75% tra
Slide 40: Pension deficit reduction contributions
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Pension deficit reduction contributions Potential acceleration of CET1 ratio headwinds from pension reduction contributions • During 2019 and 2020, t
Slide 41: Group leverage position appropriately managed
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Group leverage position appropriately managed Minimum leverage requirements and buffers under the UK regime • Q122 headroom to minimum leverage requi
Slide 42: Capital structure well managed
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Capital structure well managed Prudent headroom above Tier 1 and total capital minimums Illustrative evolution of regulatory capital structure Balanc
Slide 43: MREL, Funding & Liquidity
MREL, Funding & Liquidity
Slide 44: MREL position well established
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES MREL position well established Expect c.£9bn of MREL issuance for 2022 MREL position of £102.5bn as at Mar-221 2022 HoldCo issuance plan • Expect c.£
Slide 45: Continue to target c.£9bn of HoldCo issuance in 2022
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Continue to target c.£9bn of HoldCo issuance in 2022 Annual HoldCo issuance volume (£bn)1,2 13.4 12.1 11.5 12.1 11.0 6.2 8.6 Target: c.9 8.2 6.1 9.3
Slide 46: High quality liquidity position
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES High quality liquidity position Strong liquidity position, with Group LCR well above regulatory requirements Majority of pool held in cash and deposi
Slide 47: Conservative loan: deposit ratio
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Conservative loan: deposit ratio Stable LDR YoY, reflecting a solid deposit base Conservative loan: deposit ratio (LDR) (£bn)1,2 BUK CIB CC&P Head Of
Slide 48: Diversified funding sources across all businesses
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Diversified funding sources across all businesses1 Majority of funding within legal entities through deposits Barclays PLC as at 31 December 2021 57
Slide 49: Wholesale funding composition as at December 2021
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Wholesale funding composition as at 31 December 20211 1-3 3-6 6-12 Total 1-2 2-3 3-4 4-5 As at 31 December 2021 (£bn) <1 month >5 years Total months
Slide 50: Credit Ratings
Credit Ratings
Slide 51: Strategic priority to maintain strong ratings
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS 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 Posi
Slide 52: Barclays rating composition for senior debt
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS 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. Baseline Cr
Slide 53: Divisions & Legal Entities
Divisions & Legal Entities
Slide 54: Legal entity structure of the Group since April 2018
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & & LEGAL LEGAL ENTITIES ENTITIES Legal entity structure of the Group since April 2018 Barclays PLC Barclays International Barclays UK and Head Office1 Divi
Slide 55: Strong legal entity capital and liquidity positions
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & & LEGAL LEGAL ENTITIES ENTITIES Strong legal entity capital and liquidity positions Continue to manage legal entity capital ratios with appropriate headro
Slide 56: Appendix
Appendix
Slide 57: Q122 notable items
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q122 notable items 2021 L&C re- Three months ended (£m) Mar-22 Mar-21 apportionment Income One-off gain from the sale and leaseback of UK da
Slide 58: Q122 split of payments income by division
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q122 split of payments income by division Mar-22 Mar-21 % change Three months ended (£m) BUK CIB CC&P Total BUK CIB CC&P Total BUK CIB CC&P
Slide 59: Q122 Group
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q122 Group % Three months ended (£m) Mar-22 Mar-21 change Income 6,496 5,900 +10% Impairment charges (141) (55) -156% – Operating costs (3,5
Slide 60: Q122 Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q122 Barclays UK Three months ended (£m) Mar-22 Mar-21 % change – Personal Banking 1,022 923 +11% – Barclaycard Consumer UK 276 315 -12% – B
Slide 61: Q122 Barclays International
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q122 Barclays International % Three months ended (£m) Mar-22 Mar-21 change Income 4,824 4,399 +10% Impairment (charges) / releases (101) 22
Slide 62: Q122 Barclays International: Corporate & Investment Bank
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q122 Barclays International: Corporate & Investment Bank Three months ended (£m) Mar-22 Mar-21 % change – FICC 1,644 1,204 +37% – Equities 1
Slide 63: Q122 Barclays International: Consumer, Cards & Payments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q122 Barclays International: Consumer, Cards & Payments Three months ended (£m) Mar-22 Mar-21 % change – International Cards and Consumer 53
Slide 64: Q122 Head Office
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q122 Head Office Three months ended (£m) Mar-22 Mar-21 % change Income 23 (75) Impairment releases 8 - – Operating costs (85) (71) -20% – Li
Slide 65: Exchange rates and share count information
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Exchange rates and share count information QoQ % YoY % Exchange rates Mar-22 Dec-21 Mar-21 change change Period end - USD/GBP 1.31 1.35 1.38
Slide 66: Contacts – Debt Investor Relations Team
Contacts – Debt Investor Relations Team Dan Colvin Joanne Cash Christy Zakarias +44 (0)20 7116 6533 +44 (0)20 7116 4215 +44 (0)20 7116 4543 daniel.colvin@barclays.com Joanne.cash@barclays.com christy.zakarias@barclays.com 66 | Q1 2022 Fixed Income Investor Presentation | 28 April 2022
Slide 67: Disclaimer
Disclaimer Important Notice The terms Barclays or Group refer to Barclays PLC together with its subsidiaries. The information, statements and opinions contained in this presentation do not constitute a public offer under any applicable legislation, an offer to sell or solicitation of any offer to bu