Barclays Plc · LSE:BARC
Barclays — Debt Investor Presentation (April 2025)
71 slides from Barclays's debt investor presentation, Apr 30, 2025
Slide 1: Q1 2025 Fixed Income Investor Presentation
Q1 2025 Fixed Income Investor Presentation 30th April 2025
Slide 2: Performance
Performance
Slide 3: Group Q125 performance against financial targets
Group Q125 performance against financial targets Barclays Q1 2025 Results April 2025 3 Targets Q125 actuals 2025 guidance 2026 targets Statutory RoTE 14.0% c.11% >12% Progressive increase At least £10bn2 Total payout vs 20241 2024-2026 Investment Bank RWAs 56% c.50% (% of Group) CET1 ratio 13.9% 13-
Slide 4: Q125 performance summary
Q125 performance summary Barclays Q1 2025 Results April 2025 4 Q125 Statutory RoTE Barclays UK 17.4% FY26 target: high teens% Execution progress UK Corporate Bank 17.1% Realised c.£150m of c.£500m expected FY25 gross FY26 target: high teens% cost efficiency savings Private Bank & Wealth 34.5% Comple
Slide 5: Barclays Group Q125
Barclays Group Q125 Barclays Q1 2025 Results April 2025 5 14.0% £2.7bn Statutory RoTE Profit before tax Q124: 12.3% Q124: £2.3bn £7.7bn £0.6bn Income Impairment Q124: £7.0bn Q124: £0.5bn 57% £4.4bn Cost: income ratio Costs Q124: 60% Q124: £4.2bn 61bps 13.0p Loan loss rate EPS Q124: 51bps Q124: 10.3p
Slide 6: Group delivered Q125 RoTE of 14.0%; Profit Before Tax up 19% YoY
Group delivered Q125 RoTE of 14.0%; Profit Before Tax up 19% YoY Barclays Q1 2025 Results April 2025 6 +19% Group RoTE (%) Profit before tax (£m) Positive jaws +6% (1.1) vs Q119 (0.8) 2,598 2,719 4.5 (0.9) 2,399 2,234 2,277 +83% 1,483 Includes c.50bps from 913 less negative cash flow hedge reserve Q
Slide 7: Income up 11% YoY; more stable income streams 68% of Group income
Income up 11% YoY; more stable income streams 68% of Group income Barclays Q1 2025 Results April 2025 7 Group income (£bn) +11% YoY More stable income streams 7.2 7.7 68% >70% 7.0 7.0 0.6 of Group income in Q125 of Group income by 2026 Banking fees & 0.6 underwriting 0.6 0.6 (68% in Q124) 0.8 1.8 In
Slide 8: Group NII of £3.0bn, up 13% YoY; FY25 guidance revised to >£12.5bn
Group NII of £3.0bn, up 13% YoY1; FY25 guidance revised to >£12.5bn Barclays Q1 2025 Results April 2025 8 Net interest income (£bn) +13% YoY 3.0 3.0 2.7 2.7 2025 Group NII (excl. IB and HO) guidance: >£12.5bn Previously: c.£12.2bn UK Corporate Bank, 1.2 1.2 • £3.0bn Group NII Q1251 Private Bank & We
Slide 9: £1.3bn structural hedge income in Q125
£1.3bn structural hedge income in Q125 Barclays Q1 2025 Results April 2025 9 Gross hedge income expected to continue to grow, including beyond 2026 10.0 4.1% 4.0% Q125: 4.0% 09.0 3.4% 08.0 07.0 Q125: 2.3% GBP 5yr swap rate1 06.0 1.0% 2.0% Average 05.0 1.5% 0.9% £10.2bn income hedge yield2 04.0 0.7%
Slide 10: Structural hedge notional and income allocation to businesses
Structural hedge notional and income allocation to businesses Barclays Q1 2025 Results April 2025 10 Structural hedge notional (£bn) Illustrative structural hedge income allocation Product hedge Equity hedge 263 allocation allocation1 246 243 239 228 234 232 232 Barclays UK c.85% 22% UK Corporate Ba
Slide 11: Low interest rate sensitivity, with four rate cuts expected in 2025
Low interest rate sensitivity, with four rate cuts expected in 2025 Barclays Q1 2025 Results April 2025 11 Q424: Illustrative -25bps interest rate sensitivity1 Year 1 Year 2 Year 3 • Illustrative Group income impact from a 25bps downward parallel shift in interest rate curves • The sensitivity is ca
Slide 12: 57% cost: income ratio in Q125; FY25 guidance of c.61%
57% cost: income ratio in Q125; FY25 guidance of c.61% Barclays Q1 2025 Results April 2025 12 Cost: income ratio Group total costs (£m) Efficiency savings partially Includes share Q123 Q124 Q125 2026 target offsetting inflation, reg & control grant spend and business growth Group 57% 60% 57% High 50
Slide 13: Barclays UK Q125
Barclays UK Q125 Barclays Q1 2025 Results April 2025 13 Targets 2026 17.4% £0.8bn RoTE High teens % Statutory RoTE Profit before tax Q124: 18.5% Q124: £0.7bn £2.1bn £1.8bn Income 2025 NII >£7.6bn Income Net Interest Income c.£7.4bn previously Q124: £1.8bn Q124: £1.5bn 56% £158m Cost: income ratio c.
Slide 14: Barclays UK delivered Q125 RoTE of 17.4%
Barclays UK delivered Q125 RoTE of 17.4% Barclays Q1 2025 Results April 2025 14 RoTE (%) Income by product (£m) YoY Costs (£m) 1,961 2,059 2,074 +14% Business 1,826 YoY Banking 537 501 +7% 461 469 Barclaycard -2% 1,094 1,215 1,160 +9% 247 231 225 1,063 Consumer UK 229 Personal 1,253 1,2911 1,3482 +2
Slide 15: Better seasonal deposit trends; another quarter of loan growth
Better seasonal deposit trends; another quarter of loan growth Barclays Q1 2025 Results April 2025 15 Barclays UK deposit balances and mix (£bn) Barclays UK loans and advances1 (£bn) -£3.9bn -£0.5bn -£0.5bn +£8.0bn2 -£1.1bn -£2.0bn -£2.1bn +£0.6bn +£8.4bn2 +£1.9bn 241 237 237 244 243 203 208 210 236
Slide 16: Leading indicators of UK lending growth strategy
Leading indicators of UK lending growth strategy Barclays Q1 2025 Results April 2025 16 Mortgages (£bn) • Q1 net lending of £2.2bn1 as new business exceeds redemptions • Maintained stock market share2, with the Gross lending 7.0 7.1 7.9 8.3 6.9 6.6 8.1 8.5 5.6 5.7 4.4 4.2 5.0 purchase market remaini
Slide 17: UK Corporate Bank Q125
UK Corporate Bank Q125 Barclays Q1 2025 Results April 2025 17 Targets 2026 17.1% £0.2bn RoTE High teens % Statutory RoTE Profit before tax Q124: 15.2% Q124: £0.2bn Deliver high-quality £0.5bn £0.3bn Income growth across broad Income Costs Q124: £0.4bn Q124: £0.3bn sources 53% £19m Cost: income ratio
Slide 18: UK Corporate Bank delivered Q125 RoTE of 17.1%
UK Corporate Bank delivered Q125 RoTE of 17.1% Barclays Q1 2025 Results April 2025 18 RoTE (%) Income by product (£m) YoY Income by type (£m) YoY 463 458 484 +12% 434 484 +12% Higher liquidity Corporate 80 +11% 463 434 458 61 71 pool income lending 72 153 134 142 -10% Non-NII 157 Transaction 402 387
Slide 19: Private Bank & Wealth Management Q125
Private Bank & Wealth Management Q125 Barclays Q1 2025 Results April 2025 19 Targets 2026 34.5% £0.1bn Statutory RoTE Profit before tax RoTE >25% Q124: 28.7% Q124: £0.1bn £0.3bn £0.2bn Deliver high-quality Income Costs Income growth across broad Q124: £0.3bn Q124: £0.2bn sources 68% £8.0bn Cost: inc
Slide 20: Private Bank & Wealth Management delivered Q125 RoTE of 34.5%
Private Bank & Wealth Management delivered Q125 RoTE of 34.5% Barclays Q1 2025 Results April 2025 20 RoTE (%) Income by type (£m) YoY Costs (£m) 312 351 349 +12% RoTE pre WM&I1 34.5 transfer impact 259 135 145 +6% YoY Non-NII 137 3.4 78 263 217 237 +9% NII 181 216 204 +17% 144 175 Q123 Q124 Q424 Q12
Slide 21: Investment Bank Q125
Investment Bank Q125 Barclays Q1 2025 Results April 2025 21 Targets 2026 16.2% £1.7bn In line with Group Statutory RoTE Profit before tax RoTE (>12%) Q124: 12.0% Q124: £1.3bn £3.9bn £2.1bn Income High single digit CAGR Income Costs Q124: £3.3bn Q124: £2.0bn 54% £72m Cost: income ratio High 50s % Cos
Slide 22: Investment Bank delivered Q125 RoTE of 16.2%
Investment Bank delivered Q125 RoTE of 16.2% Barclays Q1 2025 Results April 2025 22 RoTE (%) Income by business (£m)1 YoY 3,873 +16% 3,569 3,328 Banking fees & 644 +4% 603 2,607 underwriting 617 Intermediation 1,690 614 1,826 +15% 1,587 781 Financing International 8022 757 836 +19% 700 Corporate Ban
Slide 23: Income up 16% YoY; strong performance in Global Markets
Income up 16% YoY; strong performance in Global Markets Barclays Q1 2025 Results April 2025 23 Global Markets Investment Banking Income (£m) Fees and underwriting (£m) International Corporate Bank income +16% YoY (£m) +16% USD +4% YoY +23% USD ex. Visa +4% USD +34% YoY 2,662 YoY 644 YoY Includes 603
Slide 24: Growing stable income streams, whilst monetising market conditions
Growing stable income streams, whilst monetising market conditions Barclays Q1 2025 Results April 2025 24 Q125 Income ICB 1,403 1,276 FICC 1,124 Advisory Of which: stable 938 ECM income streams: 836 8021 Markets 700 DCM 641 69% Financing International 474 424 5672 297 Corporate Bank Equities Q122 Q1
Slide 25: US Consumer Bank Q125
US Consumer Bank Q125 Barclays Q1 2025 Results April 2025 25 Targets 2026 In line with Group 4.5% £0.1bn RoTE Statutory RoTE Profit before tax (>12%) Q124: 5.3% Q124: £0.1bn $33.0bn £0.9bn End Net Receivables1 c.$40bn End net receivables1 Income Dec-24: $34.2bn Q124: £0.9bn 10.53% £0.4bn Net interes
Slide 26: US Consumer Bank delivered Q125 RoTE of 4.5%
US Consumer Bank delivered Q125 RoTE of 4.5% Barclays Q1 2025 Results April 2025 26 YoY RoTE (%) Income by type (£m) Costs (£m) +1% 826 859 857 864 +0% USD 192 171 179 186 +9% YoY Non-NII +9% USD 427 390 433 410 +5% NII 688 678 678 -1% +5% USD 634 -2% USD 7.7 Q123 Q124 Q424 Q125 Q123 Q124 Q424 Q125
Slide 27: Long term partnership for Payment Acceptance
Long term partnership for Payment Acceptance Barclays Q1 2025 Results April 2025 27 Head Office income (£m) 195 194 188 159 43 113 (164) 76 80 87 65 74 77 89 92 66 91 88 351 • Strategic long-term partnership agreed with Brookfield 63 75 91 91 81 49 44 67 21 66 68 • Barclays will invest in the busine
Slide 28: Asset quality
Asset quality
Slide 29: Q125 LLR of 61bps; maintaining through the cycle guidance of 50-60bps
Q125 LLR of 61bps; maintaining through the cycle guidance of 50-60bps Barclays Q1 2025 Results April 2025 29 190 Loan loss rate (bps) Impairment charge (£m) 800 636 US Consumer Bank 610 Post model 582 562 38 600 adjustment2 515 321 410 361 438 140 411 411 395 Q123 Q124 Q125 400 Group Post model 743
Slide 30: Long-term prudent risk positioning in our credit card portfolios
Long-term prudent risk positioning in our credit card portfolios Barclays Q1 2025 Results April 2025 30 UK cards US cards • Balances c.3% higher1 vs. FY19 with strong and stable credit quality • Controlled portfolio growth with a focus on risk management • Repayment rates remain elevated across the
Slide 31: Stable delinquency trends in US cards and seasonal increase in reserving
Stable delinquency trends in US cards and seasonal increase in reserving Barclays Q1 2025 Results April 2025 31 30 day US cards delinquencies 2.7% 2.9% 3.1% 2.9% 3.0% 3.0% 3.0% 2.3% 2.4% 90 day US cards delinquencies 1.5% 1.7% 1.6% 1.6% 1.6% 1.6% 1.2% 1.2% 1.3% USCB loan loss rate (bps)1 515 411 582
Slide 32: Our US Cards book is high quality and stable, with no signs of stress
Our US Cards book is high quality and stable, with no signs of stress Barclays Q1 2025 Results April 2025 32 US consumer indebtedness lower versus historic levels1 Our book is positioned in the super-prime segment 2008 crisis Pandemic 790 10% 25% Super-prime 740 8% 20% Prime Q125 USCB 690 6% 15% ave
Slide 33: Resilient mortgage book with customers proactively locking in rates
Resilient mortgage book with customers proactively locking in rates Barclays Q1 2025 Results April 2025 33 Mortgage portfolio Maturity profile • 53.5% average balance weighted LTV of mortgage stock • 18% of total balances maturing in FY252 o 40.2% average valuation weighted LTV • 11% of total balanc
Slide 34: Risk transfer transactions enhance Barclays' risk management capabilities
Risk transfer transactions enhance Barclays’ risk management capabilities Barclays Q1 2025 Results April 2025 34 Purpose FY24: Barclays transfers c.£57bn1 risk via a variety of structures • The banking book has inherent credit UK Corporate Bank and Investment Bank Corporate risk, driving risk weight
Slide 35: Risk transfer activities focused on corporate loans and credit cards
Risk transfer activities focused on corporate loans and credit cards Barclays Q1 2025 Results April 2025 35 FY24: Corporate loans FY24: US credit cards • Colonnade programme established in 2016 • Initiated risk transfer in Q124 to help optimise • Deployed against exposure in the UK Corporate Bank an
Slide 36: Capital and leverage
Capital and leverage
Slide 37: Robust capital position with 13.9% CET1 ratio, top end of 13-14% range
Robust capital position with 13.9% CET1 ratio, top end of 13-14% range Barclays Q1 2025 Results April 2025 37 Q125 CET1 ratio movements Includes 12bps benefit from the sale of the German consumer portfolio (28bps) 53bps 3bps (9bps) 14bps 13.9% 13.6% Q424 Attributable Share buyback Dividend RWA Other
Slide 38: CET1 ratio with significant headroom to MDA
CET1 ratio with significant headroom to MDA Barclays Q1 2025 Results April 2025 38 Q125: CET1 minimum requirements • 0.1% increase in Pillar 2A applicable until USCB IRB model implementation MDA 12.2% • This incremental adjustment takes into account Pillar 2A we were CCyB 1.0% already holding for th
Slide 39: RWAs decreased by £6.8bn QoQ, of which £3.1bn is FX
RWAs decreased by £6.8bn QoQ, of which £3.1bn is FX Barclays Q1 2025 Results April 2025 39 Risk weighted assets (£bn) IB % of £0.6bn decrease Group: 59% 57% 56% driven by FX 56% 0.5 0.3 0.1 (2.9) (1.3) (3.6) Capital discipline resulting in broadly flat RWAs, £3.3bn reduction from excluding £2.4bn de
Slide 40: Guidance on regulatory driven RWA inflation
Guidance on regulatory driven RWA inflation Barclays Q1 2025 Results April 2025 40 Prior guidance of c.£19-26bn total impact unchanged USCB IRB migration: c.£16bn • US Consumer Bank total estimated impact of £16bn unchanged1 2026/2027 • Timing and quantum remains subject to model build and portfolio
Slide 41: Operating with a prudent buffer to each tier of capital requirements
Operating with a prudent buffer to each tier of capital requirements Barclays Q1 2025 Results April 2025 41 Q125: AT1 and T2 needs managed on a total capital basis Balanced total capital structure • Operating with prudent buffers at each part of the capital stack 20.6% to manage FX and RWA movements
Slide 42: Leverage ratio above regulatory requirements
Leverage ratio above regulatory requirements Barclays Q1 2025 Results April 2025 42 Q125: leverage minimum requirements Reg Min 4.08% CCLB 0.30% G-SII 0.53% 5.0% 4.6% BoE minimum 3.25% leverage requirement UK Leverage requirement UK spot UK average
Slide 43: Balance sheet management
Balance sheet management
Slide 44: MREL position well established
MREL position well established Barclays Q1 2025 Results April 2025 44 Q125: MREL minimum requirements HoldCo issuance 36.2% (£127.2bn) 30.7% • c.£14bn issuance plan for 2025, of which c.£7bn remains to be issued (£107.7bn) • MREL issuance plan continues to be dynamic and is driven by a CCyB: 1.0% Se
Slide 45: c.£14bn issuance plan for 2025, of which c.£7bn remains to be issued
c.£14bn issuance plan for 2025, of which c.£7bn remains to be issued Barclays Q1 2025 Results April 2025 45 2025 HoldCo benchmark Annual HoldCo issuance volume (£bn) and currency1,2 issuance 15.0 15.1 c.14 14.1 plan Jan-25: GBP 0.75bn 12.1 11.0 Senior 8.6 10.7 7.8 9.8 11.8 Feb-25: USD 1.5bn AT1 10.2
Slide 46: Diverse and stable deposit base
Diverse and stable deposit base Barclays Q1 2025 Results April 2025 46 Group deposit base £574bn, +2% QoQ 561 574 552 557 543 24 19 13 18 Banks1 18 Corporates & SME2 Investment Bank: International Corporate Bank3 £107bn +2% 263 268 Investment Bank: Treasury deposits £24bn +3% 263 270 258 UK Corporat
Slide 47: Prudently managed LCR supported by a highly liquid balance sheet
Prudently managed LCR supported by a highly liquid balance sheet Barclays Q1 2025 Results April 2025 47 Average LCR1 Average NSFR2 74% of Liquidity Pool held in cash HTC £26bn 167% 170% 172% 175% 136% 136% 136% 135% 136% 8% 163% FVOCI £61bn 18% Q124 Q224 Q324 Q424 Q125 Q124 Q224 Q324 Q424 Q125 Liqui
Slide 48: Strong legal entity capital and liquidity positions
Strong legal entity capital and liquidity positions Barclays Q1 2025 Results April 2025 48 Continue to manage legal entity capital ratios with appropriate headroom to requirements Barclays PLC Barclays Bank UK PLC (BBUKPLC) sub-group Barclays Bank PLC (BBPLC) sub-group Barclays Bank UK PLC (solus) B
Slide 49: Credit ratings
Credit ratings
Slide 50: Targeting Barclays PLC to be "A" composite across all indices over time
Targeting Barclays PLC to be “A” composite across all indices over time Barclays Q1 2025 Results April 2025 50 All credit ratings affirmed in 2024 Current Senior long and short term ratings • HoldCo Senior composite “A” rated for two of four Moody’s Standard & Poor’s Fitch indices Baa1 BBB+ A • One
Slide 51: Barclays rating composition for senior debt
Barclays rating composition for senior debt Barclays Q1 2025 Results April 2025 51 Moody’s Standard & Poor’s Fitch BBUK BBUK BBUK BPLC BBPLC BPLC BBPLC BPLC BBPLC PLC PLC PLC Adjusted Baseline baa1 baa1 a3 Stand-Alone Credit Profile a- Viability Rating2 a a a Credit Assessment Macro profile Strong+
Slide 52: FY23 investor update and FY24 progress update summary – Group slides
FY23 investor update and FY24 progress update summary – Group slides
Slide 53: Simpler business: five focused divisions
Simpler business: five focused divisions Barclays Q1 2025 Results April 2025 53 Ring-fenced bank Barclays International Barclays UK Consumer, Cards and Payments Corporate and Investment Bank Barclays UK (BUK) Private Bank & Wealth US Consumer Bank UK Corporate Bank Investment Bank Management (PBWM)
Slide 54: We have set out three key priority targets
We have set out three key priority targets Barclays Q1 2025 Results April 2025 54 Targets 2023 2024 2026 Statutory 9.0%1 >10% >12% RoTE £7.7bn At least £10bn Total Payout 2024-2026 2021-2023 c.50% of market cap2 Investment Bank RWAs 63%3 c.50% (% of Group) This multiyear plan is subject to superviso
Slide 55: Better returns: continuing our journey to 2026 targets
Better returns: continuing our journey to 2026 targets Barclays Q1 2025 Results April 2025 55 Statutory RoTE 2021 2022 2023 2024 2026 Barclays UK 18% 19% 19% 23.1%1 High teens % Barclays UK Corporate Bank 14% 19% 21% 16.0% High teens % Barclays 29% 31% 28.1% >25% Private Bank & Wealth Management2 14
Slide 56: Execution progress: on track to deploy £30bn RWAs in UK businesses
Execution progress: on track to deploy £30bn RWAs in UK businesses Barclays Q1 2025 Results April 2025 56 RWA % of Group RWA % of Group Progress against RWAs (£bn) 2023 2024 2026 targets 2023 2024 YoY +£11bn Barclays UK £74bn £85bn (incl. +c.£7bn 21% 24% Tesco bank) £13bn1 of c.£30bn planned Barclay
Slide 57: Strong capital generation supporting our capital priorities
Strong capital generation supporting our capital priorities Barclays Q1 2025 Results April 2025 57 Statutory Capital Capital priorities RoTE targets generation1 Regulatory 13-14% target CET1 1. capital range 2025 c.11% c.170bps (bps of CET1) Shareholder Plan to return at least 2. £10bn 2024-20262 di
Slide 58: We achieved our 2024 financial targets and are on the path to 2026 delivery
We achieved our 2024 financial targets and are on the path to 2026 delivery Barclays Q1 2025 Results April 2025 58 2024 actuals 2025 guidance 2026 targets Statutory RoTE 10.5% c.11% >12% Progressive increase At least £10bn1 Total payout £3.0bn vs. 20241 2024-2026 Investment Bank RWAs 56% c.50% (% of
Slide 59: FY23 investor update and FY24 progress update summary – Business slides
FY23 investor update and FY24 progress update summary – Business slides
Slide 60: IB: Over half of income growth driven by executing management actions
IB: Over half of income growth driven by executing management actions Barclays Q1 2025 Results April 2025 60 Investment Banking Global Markets c.£1.1bn c.£0.7bn • Markets broadly flat • Banking reverting to 10-year mean High single digit CAGR £11bn Initiatives driven by executing management actions
Slide 61: IB: Rebalance footprint towards ECM and Advisory
IB: Rebalance footprint towards ECM and Advisory Barclays Q1 2025 Results April 2025 61 Currently underweight ECM and Advisory1 Invested in talent in high growth sectors 43% 35% Tech, Energy, >60% senior hiring in Tech, Healthcare Healthcare, Energy Transition, 35% share of Sponsors, ECM and M&A in
Slide 62: IB: Better: grow our next focus businesses
IB: Better: grow our next focus businesses Barclays Q1 2025 Results April 2025 62 Our next focus businesses Market share2 1. European No presence 6%2 c.5% ~7.5% Rates Businesses without Top 5 Industry market 2. Derivatives Equity ~4.5% Wallet c.£0.5bn share 41%2 c.£100bn1 income by 2026 Securitised
Slide 63: IB: More balanced: continue scaling more stable financing income
IB: More balanced: continue scaling more stable financing income Barclays Q1 2025 Results April 2025 63 Joint #1 Fixed Income Financing1 Joint #5 Prime Services1 (Joint #3 in 2019) (#7 in 2019) Financing Target • Represents 36% of Global c.5% Markets income 2021-2023 CAGR • High returning, RWA-effic
Slide 64: Execution progress: growing IB revenues, improving efficiency
Execution progress: growing IB revenues, improving efficiency Barclays Q1 2025 Results April 2025 64 Income1 (£bn) +7% YoY 0.3 0.1 0.2 0.2 Target: high single digit CAGR 11.0 11.8 from 2023 2023 Investment Banking Markets three focus Financing Industry wallet impact 2024 2026 management actions busi
Slide 65: Execution progress: completed Tesco Bank acquisition
Execution progress: completed Tesco Bank acquisition Barclays Q1 2025 Results April 2025 65 2024: Acquire 2025/2026: Integrate • Added £8.1bn1 unsecured balances Customer experience • Initial 10-year partnership • Onboard Tesco customers to Barclays platform • No initial change to customer platforms
Slide 66: Execution opportunity: USCB continues to grow and win partners
Execution opportunity: USCB continues to grow and win partners Barclays Q1 2025 Results April 2025 66 Track record of organic growth1 and partner wins Recent successes4 >80% total card receivables secured through 2029 c.85% c.90% of End Net Receivables historical renewal rate2 increase between 2011-
Slide 67: Appendix
Appendix
Slide 68: Macroeconomic variables
Macroeconomic variables Barclays Q1 2025 Results April 2025 68 Assumptions 2024 2025 2026 UK GDP2 0.8% 1.3% 1.4% UK unemployment3 4.3% 4.4% 4.5% UK bank rate4 4.75% 3.75% 3.50% Sterling 5-year swap rate5 4.05%6 3.42% 3.39% UK inflation7 2.5% 2.1% 2.2% Plan US GDP2 2.8% 1.8% 2.0% (13th February 2025)
Slide 69: Plan based on unchanged realistic scenarios
Plan based on unchanged realistic scenarios Barclays Q1 2025 Results April 2025 69 GBP 5-year swap rate UK bank rate US Unemployment 13th Feb 4.75% 4.4% 4.1% 4.3% Market 2025 3.7% Consensus1 implied1 3.6% Market 4.0% 4.3% 3.75% 13th Feb 13th Feb implied1 3.53% 2025 2025 3.4% 3.4% 3.58% 3.50% 2024 20
Slide 70: Disclaimer
Disclaimer Barclays Q1 2025 Results April 2025 70 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
Slide 71: Contact details, upcoming events and useful presentations
Contact details, upcoming events and useful presentations Debt Investor Relations Upcoming events Jordan Guy jordan.guy@barclays.com 29th July 2025 Q225 results 22nd October 2025 Q325 results Justin Lutterbuese justin.lutterbuese@barclays.com Useful presentations Progress update 2025 Link Treasury,