Natwest Group Plc · LSE:NWG
Natwest — Q4 2019 Earnings Presentation
35 slides from Natwest's earnings presentation, Apr 22, 2022
Slide 1: Financial Supplement: re-presentation of operating segments
Financial Supplement: re-presentation of operating segments On 27 January 2022, NatWest Group plc ("NatWest Group") announced that a new franchise, Commercial & Institutional, would be created, bringing together the Commercial, NatWest Markets and RBSI businesses to form a single franchise, with com
Slide 2: Contents
Contents Page Section 1 Highlights 1.1 Income statement 3 1.2 Balance sheet 4 Section 2 Business performance review 2.1 Income statement and analysis 5 2.2 Capital and leverage ratios 6 Section 3 Segment performance 3.1 Key measures segment performance 7 3.2 Analysis of net fees and commissions 19 3
Slide 3: Highlights: Income statement
Highlights Section 1.1 - Income statement Summary consolidated income statement 2019 2020 2021 Q4 Full year Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 Q4 Full Year Continuing operations £m £m £m £m £m £m £m £m £m £m £m £m Net interest income 1,971 7,799 1,877 1,842 1,856 1,901 7,476 1,864 1,919 1,889 1,942 7,61
Slide 4: Highlights: Balance sheet
Highlights Section 1.2 - Balance sheet Consolidated balance sheet 2019 2020 2021 31 December 31 March 30 June 30 September 31 December 31 March 30 June 30 September 31 December £m £m £m £m £m £m £m £m £m Assets Cash and balances at central banks 80,993 81,085 105,242 111,681 124,489 140,347 151,511
Slide 5: Business performance review: Income statement and analysis
Business performance review Section 2.1 - Income statement and analysis Net interest margin 2019 2020 2021 Q4 Full year Q1 Q2 Q3 Q4 Full year Q1 Q2 Q3 Q4 Full year Net interest income £m £m £m £m £m £m £m £m £m £m £m £m Continuing operations Net interest income 1,971 7,799 1,877 1,842 1,856 1,901 7,
Slide 6: Capital and leverage ratios
Business performance review Section 2.2 - Capital and leverage ratios Capital and leverage ratios 2019 2020 2021 31 December 31 March 30 June 30 September 31 December 31 March 30 June 30 September 31 December Risk asset ratios % % % % % % % % % CET1 16.2% 16.6% 17.2% 18.2% 18.5% 18.2% 18.2% 18.7% 18
Slide 7: Segment performance: Year ended December 2021
Segment performance Section 3.1 - Key measures segment performance Segment performance Year ended 31 December 2021 Go-forward group Central Total Retail Private Commercial & items & Total excluding Ulster NatWest Banking Banking Institutional other (1) Ulster Bank RoI Bank RoI Group Continuing opera
Slide 8: Segment performance: Quarter ended December 2021
Segment performance Section 3.1 - Key measures segment performance (continued) Segment performance Quarter ended 31 December 2021 Go-forward group Central Total Retail Private Commercial & items & Total excluding Ulster NatWest Banking Banking Institutional other (1) Ulster Bank RoI Bank RoI Group C
Slide 9: Segment performance: Quarter ended September 2021
Segment performance Section 3.1 - Key measures segment performance (continued) Segment performance Quarter ended 30 September 2021 Go-forward group Central Total Retail Private Commercial & items & Total excluding Ulster NatWest Banking Banking Institutional other (1) Ulster Bank RoI Bank RoI Group
Slide 10: Segment performance: Quarter ended June 2021
Segment performance Section 3.1 - Key measures segment performance (continued) Quarter ended 30 June 2021 Go-forward group Central Total Retail Private Commercial & items & Total excluding Ulster NatWest Banking Banking Institutional other (1) Ulster Bank RoI Bank RoI Group Continuing operations £m
Slide 11: Segment performance: Quarter ended March 2021
Segment performance Section 3.1 - Key measures segment performance (continued) Quarter ended 31 March 2021 Go-forward group Central Total Retail Private Commercial & items & Total excluding Ulster NatWest Banking Banking Institutional other (1) Ulster Bank RoI Bank RoI Group Continuing operations £m
Slide 12: Segment performance: Year ended December 2020
Segment performance Section 3.1 - Key measures segment performance (continued) Year ended 31 December 2020 Go-forward group Central Total Retail Private Commercial & items & Total excluding Ulster NatWest Banking Banking Institutional other (1) Ulster Bank RoI Bank RoI Group Continuing operations £m
Slide 13: Segment performance: Quarter ended December 2020
Segment performance Section 3.1 - Key measures segment performance (continued) Quarter ended 31 December 2020 Go-forward group Central Total Retail Private Commercial & items & Total excluding Ulster NatWest Banking Banking Institutional other (1) Ulster Bank RoI Bank RoI Group Continuing operations
Slide 14: Segment performance: Quarter ended September 2020
Segment performance Section 3.1 - Key measures segment performance (continued) Quarter ended 30 September 2020 Go-forward group Central Total Retail Private Commercial & items & Total excluding Ulster NatWest Banking Banking Institutional other (1) Ulster Bank RoI Bank RoI Group Continuing operation
Slide 15: Segment performance: Quarter ended June 2020
Segment performance Section 3.1 - Key measures segment performance (continued) Quarter ended 30 June 2020 Go-forward group Central Total Retail Private Commercial & items & Total excluding Ulster NatWest Banking Banking Institutional other (1) Ulster Bank RoI Bank RoI Group Continuing operations £m
Slide 16: Segment performance: Quarter ended March 2020
Segment performance Section 3.1 - Key measures segment performance (continued) Quarter ended 31 March 2020 Go-forward group Central Total Retail Private Commercial & items & Total excluding Ulster NatWest Banking Banking Institutional other (1) Ulster Bank RoI Bank RoI Group Continuing operations £m
Slide 17: Segment performance: Year ended December 2019
Segment performance Section 3.1 - Key measures segment performance (continued) Year ended 31 December 2019 Go-forward group Central Total Retail Private Commercial & items & Total excluding Ulster NatWest Banking Banking Institutional other (1) Ulster Bank RoI Bank RoI Group Continuing operations £m
Slide 18: Segment performance: Quarter ended December 2019
Segment performance Section 3.1 - Key measures segment performance (continued) Quarter ended 31 December 2019 Go-forward group Central Total Retail Private Commercial & items & Total excluding Ulster NatWest Banking Banking Institutional other (1) Ulster Bank RoI Bank RoI Group Continuing operations
Slide 19: Analysis of net fees and commissions
Segment performance Section 3.2 - Analysis of net fees and commissions Analysis of net fees and commissions Year ended 31 December 2021 Go-forward group Central Total Retail Private Commercial & items & Total excluding Ulster NatWest Banking Banking Institutional other Ulster Bank RoI Bank RoI Group
Slide 20: Analysis of net fees and commissions (continued)
Segment performance Section 3.2 - Analysis of net fees and commissions (continued) Quarter ended 30 September 2021 Go-forward group Central Total Retail Private Commercial & items & Total excluding Ulster NatWest Banking Banking Institutional other Ulster Bank RoI Bank RoI Group Continuing operation
Slide 21: Analysis of net fees and commissions (continued)
Segment performance Section 3.2 - Analysis of net fees and commissions (continued) Quarter ended 31 March 2021 Go-forward group Central Total Retail Private Commercial & items & Total excluding Ulster NatWest Banking Banking Institutional other Ulster Bank RoI Bank RoI Group Continuing operations £m
Slide 22: Analysis of net fees and commissions (continued)
Segment performance Section 3.2 - Analysis of net fees and commissions (continued) Quarter ended 31 December 2020 Go-forward group Central Total Retail Private Commercial & items & Total excluding Ulster NatWest Banking Banking Institutional other Ulster Bank RoI Bank RoI Group Continuing operations
Slide 23: Analysis of net fees and commissions (continued)
Segment performance Section 3.2 - Analysis of net fees and commissions (continued) Quarter ended 30 June 2020 Go-forward group Central Total Retail Private Commercial & items & Total excluding Ulster NatWest Banking Banking Institutional other Ulster Bank RoI Bank RoI Group Continuing operations £m
Slide 24: Analysis of net fees and commissions (continued)
Segment performance Section 3.2 - Analysis of net fees and commissions (continued) Year ended 31 December 2019 Go-forward group Central Total Retail Private Commercial & items & Total excluding Ulster NatWest Banking Banking Institutional other Ulster Bank RoI Bank RoI Group Continuing operations £m
Slide 25: Retail Banking
Segment performance Section 3.3 - Retail Banking Retail Banking 2019 2020 2021 Q4 Full year Q1 Q2 Q3 Q4 Full year Q1 Q2 Q3 Q4 Full year Income statement £m £m £m £m £m £m £m £m £m £m £m £m Net interest income 1,012 4,130 1,007 975 937 949 3,868 973 1,003 1,041 1,057 4,074 Net fees and commissions 15
Slide 26: Retail Banking (continued)
Segment performance Section 3.3 - Retail Banking (continued) 2019 2020 2021 31 December 31 March 30 June 30 September 31 December 31 March 30 June 30 September 31 December Balance sheet £bn £bn £bn £bn £bn £bn £bn £bn £bn Loans to customers (amortised cost) - personal advances 8.5 8.4 8.0 7.8 7.3 7.
Slide 27: Private Banking
Segment performance Section 3.4 - Private Banking Private Banking 2019 2020 2021 Q4 Full year Q1 Q2 Q3 Q4 Full year Q1 Q2 Q3 Q4 Full year Income statement £m £m £m £m £m £m £m £m £m £m £m £m Net interest income 130 521 127 124 120 118 489 115 117 122 126 480 Net fees and commissions 60 226 67 63 62
Slide 28: Private Banking (continued)
Segment performance Section 3.4 - Private Banking (continued) 2019 2020 2021 31 December 31 March 30 June 30 September 31 December 31 March 30 June 30 September 31 December Balance sheet £bn £bn £bn £bn £bn £bn £bn £bn £bn Loans to customers (amortised cost) - personal 2.1 2.1 2.1 2.2 2.2 2.2 2.2 2.
Slide 29: Commercial & Institutional
Segment performance Section 3.5 - Commercial & Institutional Commercial & Institutional 2019 2020 2021 Q4 Full year Q1 Q2 Q3 Q4 Full year Q1 Q2 Q3 Q4 Full year Income statement £m £m £m £m £m £m £m £m £m £m £m £m Net interest income 828 3,132 745 792 767 750 3,054 725 762 723 764 2,974 Net fees and
Slide 30: Commercial & Institutional (continued)
Segment performance Section 3.5 - Commercial & Institutional (continued) 2019 2020 2021 31 December 31 March 30 June 30 September 31 December 31 March 30 June 30 September 31 December Balance sheet £bn £bn £bn £bn £bn £bn £bn £bn £bn Loans to customers (amortised cost) - Business Banking 2.2 2.1 5.4
Slide 31: Ulster Bank RoI
Segment performance Section 3.6 - Ulster Bank RoI Ulster Bank RoI Continuing Operations 2019 2020 2021 Q4 Full year Q1 Q2 Q3 Q4 Full year Q1 Q2 Q3 Q4 Full year Income statement £m £m £m £m £m £m £m £m £m £m £m £m Net interest income 32 152 32 29 30 31 122 27 27 23 23 100 Net fees and commissions 25
Slide 32: Ulster Bank RoI (continued)
Segment performance Section 3.6 - Ulster Bank RoI (continued) 2019 2020 2021 31 December 31 March 30 June 30 September 31 December 31 March 30 June 30 September 31 December Balance sheet £bn £bn £bn £bn £bn £bn £bn £bn £bn Loans to customers (amortised cost) - mortgages 13.6 13.7 14.0 13.9 13.7 12.8
Slide 33: Ulster Bank RoI (euro)
Segment performance Section 3.6 - Ulster Bank RoI (continued) Ulster Bank RoI Continuing Operations 2019 2020 2021 Q4 Full year Q1 Q2 Q3 Q4 Full year Q1 Q2 Q3 Q4 Full year Income statement €m €m €m €m €m €m €m €m €m €m €m €m Net interest income 39 174 36 33 34 34 137 32 31 28 25 116 Net fees and com
Slide 34: Ulster Bank RoI (euro, continued)
Segment performance Section 3.6 - Ulster Bank RoI (continued) 2019 2020 2021 31 December 31 March 30 June 30 September 31 December 31 March 30 June 30 September 31 December Balance sheet €bn €bn €bn €bn €bn €bn €bn €bn €bn Loans to customers (amortised cost) - mortgages 16.0 15.5 15.4 15.3 15.2 15.0
Slide 35: Central items & other
Segment performance Section 3.7 - Central items & other Central items & other 2019 2020 2021 Q4 Full year Q1 Q2 Q3 Q4 Full year Q1 Q2 Q3 Q4 Full year £m £m £m £m £m £m £m £m £m £m £m £m Central items not allocated 940 1,388 (70) (145) (285) (153) (653) (27) 110 (173) (211) (301) NatWest Group April