Banco Santander, S.a. · BME:SAN
Banco Santander — Investor Presentation (December 2023)
21 slides from Banco Santander's investor presentation, Dec 20, 2023
Slide 1: Adapting reporting to our new operating model — Five global businesses
Adapting reporting to our new operating model — Five global businesses December 2023
Slide 2: Important information: Non-IFRS and alternative performance measures
Important information 2 Non - IFRS and alternative performance measures This document contains financial information prepared according to International Financial Reporting Standards (IFRS) and taken from our consolidated financial statements, as well as alternative performance measures (APMs) as de
Slide 3: Important information: Forward-looking statements
Important information 3 Forward - looking statements Santander hereby warns that this document contains “forward - looking statements” as per the meaning of the U . S . Private Securities Litigation Reform Act of 1995 . Such statements can be understood through words and expressions like “expect”, “
Slide 4: Executive Summary
4 Executive Summary On 18 September, we announced our last step towards ONE SANTANDER to extract the full potential of our global and in - market va lue Previously reported Group consolidated financial information, as well as that of the regions, countries and Corporate Centre remains unchanged To a
Slide 5: We recently completed our last step towards ONE SANTANDER
We recently completed our last step towards ONE SANTANDER, creating a simpler, more efficient operating model DCB as a first step in personal finance Bring together our digital bank and SCF O NE First Global business Build a global platform sharing one single infrastructure across our footprint Forg
Slide 6: In September, we announced our last step towards ONE SANTANDER
In September, we announced our last step towards ONE SANTANDER Our new model will allow us to… E urope North Americ a South Americ a DCB E urope One Sa n t a nder Retail & Commercial Banking Digital Consumer Bank Corporate & Investment Banking Wealth Management & Insurance Payments We will run the b
Slide 7: We are adjusting the way we report our results to the new operating model
7 We are adjusting the way we report our results to the new operating model Wealth Mana g e m e n t & Insurance Corporate & Investment Banking Retail & C om m e r c ial Banking Payments Digital C ons u m e r Bank Eu r ope South America North America United States Mexico Brazil Chile A r ge nt i n a
Slide 8: Changes to the financial reporting
8 Changes to the financial reporting Results from activities related mainly to financial management that are currently in the countries are fully allocated to their global businesses based on the segment that generates the financial position Local corporate centres are therefore fully allocated,
Slide 9: Breakdown of main financial impacts on attributable profit by business
9 Breakdown of main financial impacts on attributable profit by business P a y m e n ts Corporate & Investment Banking Wealth Management & Insurance Note: - In line with our usual financial reporting, segments are reported on an underlying basis. - To reach Group’s total attributable profit, the Cor
Slide 10: Main financial figures by global business
10 4 , 4 1 9 +12% 42.7% - 112 bp s 0 . 9 5 % +6bps 1 7 . 2 % +1.1pp 626 - 2% 609 +3% 306 +4% 1 , 4 4 4 - 28% 4 2 . 6 % +22bps 2 . 0 1 % +32bps 1 2 . 2 % - 4.7pp 206 +7% 112 +10% 158 - 0% 1 , 8 5 3 +10% 44.0% + 173 bp s 0 . 1 5 % - 1bp 1 9 . 9 % +0.9pp 134 - 10 % 178 +7% 114 - 1% 1 , 1 0 9 +45% 36.3%
Slide 11: Appendix: Additional information. New primary segments. Financial information
Appendix 11 Additional information New primary segments. Financial information
Slide 12: Global businesses. New primary segments
Global businesses. New primary segments Local customer banking businesses including business from individuals, SMEs and corporates Cards are excluded as they are now included within Payments segment Retail & Com m erci a l B a nking D igit a l Cons umer B a nk Corporate & Inv e s tment B a nk ing W
Slide 13: Appendix: Additional information. New primary segments. Financial information
Appendix 13 Additional information New primary segments. Financial information
Slide 14: Retail & Commercial Banking
Retail & Commercial Banking EUR million (*). - Includes exchange differences. (**). - Excluding reverse repos. (***). - Excluding repos. 14 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Underlying income statement Net interest income 4 , 97 4 5 , 39 9 5 , 83 9 5 , 88 0 5 , 97 3 6 , 51 2 6 , 74 7 Net fee
Slide 15: Digital Consumer Bank
Digital Consumer Bank EUR million (*). - Includes exchange differences. (**). - Excluding reverse repos. (***). - Excluding repos. 15 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Underlying income statement Net interest income 2 , 46 3 2 , 49 5 2 , 59 3 2 , 57 0 2 , 54 6 2 , 47 7 2 , 60 0 Net fee incom
Slide 16: Corporate & Investment Banking
Corporate & Investment Banking EUR million (*). - Includes exchange differences. (**). - Excluding reverse repos. (***). - Excluding repos. 16 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Underlying income statement Net interest income 917 1 , 06 7 914 918 801 784 845 Net fee income 519 487 475 441 606
Slide 17: Wealth Management & Insurance
Wealth Management & Insurance EUR million (*). - Includes exchange differences. (**). - Excluding reverse repos. (***). - Excluding repos. 17 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Underlying income statement Net interest income 137 174 235 337 334 392 409 Net fee income 322 334 329 309 308 317 3
Slide 18: Payments
Payments EUR million (*). - Includes exchange differences. (**). - Excluding reverse repos. (***). - Excluding repos. 18 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Underlying income statement Net interest income 537 599 627 596 582 611 649 Net fee income 548 684 670 750 770 703 772 Gains (losses) on
Slide 19: PagoNxt
PagoNxt EUR million (*). - Includes exchange differences. (**). - Excluding reverse repos. (***). - Excluding repos. 19 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Underlying income statement Net interest income 2 3 7 10 9 22 24 Net fee income 157 222 231 271 218 228 255 Gains (losses) on financial tr
Slide 20: Cards
Cards EUR million Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Underlying income statement Net interest income 535 596 620 586 573 589 625 Net fee income 391 462 439 480 551 475 517 Gains (losses) on financial transactions * 4 5 13 12 2 3 3 Other operating income ( 40 ) ( 50 ) ( 76 ) ( 56 ) ( 54 ) ( 47
Slide 21: Thank You
Thank You. Our purpose is to help people and businesses prosper. Our culture is based on believing that everything we do should be: SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
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