Societe Generale S.a. Class A · EURONEXT:GLE
Societe Generale S.a. Class A — Debt Investor Presentation (November 2020)
76 slides from Societe Generale S.a. Class A's debt investor presentation, November 2020
Slide 1: Presentation to Debt Investors
PRESENTATION TO DEBT INVESTORS 3rd quarter 2020 | November 2020
Slide 2: Disclaimer
DISCLAIMER The information contained in this document (the “Information”) has been prepared by Societe Generale Group (the “Group”) solely for informational purposes. The Information is proprietary to the Group and confidential. This presentation and its content may not be reproduced or distributed
Slide 3: Key Highlights and Group Performance
1 KEY HIGHLIGHTS AND GROUP PERFORMANCE
Slide 4: Q3 20 Results: Rebound vs. Q2 20
Q3 20 RESULTS: REBOUND VS. Q2 20 REBOUND IN FURTHER SIGNIFICANT STRONG CAPITAL BUSINESS DECREASE DECREASE IN AND LIQUIDITY PERFORMANCE IN COSTS COST OF RISK POSITION Group Revenues up Continued decrease in costs 40bp in Q3 20 CET 1 level at 13.2%(1) +11.4%*(+9.7%) in Q3 20 vs. Q2 20 -5.6%*(-8.2%) in
Slide 5: Strong Increase in Gross Operating Income
STRONG INCREASE IN GROSS OPERATING INCOME +14.6%*(+9.1%) VS. Q3 19 POSITIVE JAWS AT GROUP LEVEL GROSS OPERATING INCOME UP +42.3%* vs. Q2 20 _in EURm +14.6%* (+9.1%) Revenues Costs +0.5%* -5.6%* 1,984 1,818 +42.3%* (+38.2%) 556 +90.0%* Global Banking and Investor Services 1,436 vs. Q2 20 Internationa
Slide 6: Well on Track to Achieve EUR 16.5bn 2020 Cost Target
WELL ON TRACK TO ACHIEVE EUR 16.5BN 2020 COST TARGET _Underlying costs (EURbn) ON TRACK TO ACHIEVE A ~-5% COST DECREASE IN 2020 17.4 ~-5% WORKING ON COST ~16.5 REDUCTION INITIATIVES 12.8 -4.9% BEYOND 2020 12.2 EUR -450m in Global Markets by 2022/2023 -7.3% On-going study in French Retail Banking 4.3
Slide 7: Decrease in Cost of Risk
DECREASE IN COST OF RISK _Cost of risk(1) (in bp) 9M 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 9M 20 COST OF RISK (in EURm) 97 65 67 GROUP 24 26 29 40 1,279 329 518 85 FRENCH RETAIL 49 52 22 19 30 24 BANKING Q3 19 Q2 20 Q3 20 125 102 INTERNATIONAL 98 49 46 67 NON-PERFORMING LOAN RATIO(2) RETAIL BANKING AND 4
Slide 8: Solid Risk Profile
SOLID RISK PROFILE STRONG ASSET QUALITY PRUDENT PROVISIONING APPROACH SOLID CORPORATE PORTFOLIO _ Q3 20 Cost of risk(2) (in EURm) _ 9M 20 Cost of risk(2) (in EURm) 58% of corporate exposure on credit risk on INVESTMENT GRADE counterparties DIVERSIFIED exposure EXPOSURE TO MOST AFFECTED SECTORS, -4PP
Slide 9: Detailed Corporate Portfolio
GROUP DETAILED CORPORATE PORTFOLIO CORPORATE EAD IN EACH SECTOR IN % OF TOTAL GROUP EAD(1) AT 30.09.2020 Total Group EAD: EUR 1,006BN Finance & insurance 5,8% Business services(2) 3,7% Real Estate 3,4% COMMERCIAL REAL ESTATE: disciplined origination with average LTV between 50% and 60%, limited Tran
Slide 10: Enhanced Value Proposition for Clients
ENHANCED VALUE PROPOSITION FOR CLIENTS STRENGHTENING LEADERSHIP WITH INCREASING RELEVANCE WITH RETAIL CORPORATE AND INSTITUTIONAL CLIENTS CLIENTS Leadership positions in Europe Consolidating leadership in French online banking Boursorama #1 online bank in France with ~2.5m clients, #1 in client sati
Slide 11: Group Results
GROUP RESULTS I n EURm Q3 2 0 Q3 1 9 C hange 9M 20 9M 19 C hange N et b ank i ng i ncom e 5,809 5,983 -2.9% +0.5%* 16,275 18,458 -11.8% -9.4%* Op erat i ng exp enses (3 , 8 2 5 ) (4 , 1 6 5 ) -8.2% -5.6%* (1 2 , 3 6 3 ) (1 3 , 2 2 4 ) -6.5% -4.5%* Underlying operating expenses(1) (4,002) (4,317) -7.
Slide 12: Business Performance
2 BUSINESS PERFORMANCE
Slide 13: French Retail Banking Results
FRENCH RETAIL BANKING RESULTS I n EURm Q3 2 0 Q3 1 9 C hange 9M 20 9M 19 C hange REVENUES(1) increasing vs. Q2 (+6.2% vs. Q2 20) Net banking income 1,836 1,879 -2.3% 5,470 5,789 -5.5% while below last year level (-4.5% vs. Q3 19) Net banking income excl. PEL/CEL 1,857 1,945 -4.5% 5,511 5,894 -6.5% N
Slide 14: French Retail Banking
FRENCH RETAIL BANKING KEY FACTS OUTSTANDINGS Boursorama ~2.5m clients (+22%, ~ +450,000 clients vs. Q3 19), x2 +4.5% vs. Q3 19 in # brokerage orders vs. Q3 19 Individual client loan outstandings EUR +0.9bn net inflows in private banking in Q3 20 +25.7% (+5.5% exc. PGE) vs. Q3 19 (EUR 2.2bn in 9M 20)
Slide 15: International Retail Banking and Financial Services Results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES RESULTS I n EURm Q3 2 0 Q3 1 9 Change 9M 20 9M 19 Change Net banking income 1,891 2,096 -9.8% -2.6%* 5,605 6,296 -11.0% -4.0%* Operating expenses (999) (1,091) -8.4% -0.2%* (3,124) (3,440) -9.2% -1.4%* REVENUES improving vs. second quarter (+10%* G
Slide 16: International Retail Banking
INTERNATIONAL RETAIL BANKING EUROPE RUSSIA(2) AFRICA AND OTHER +3%* +7%* +8%* +19%* +4%* +9%* LOANS OUTSTANDING vs. Sept 19 DEPOSITS vs. Sept 19 LOANS OUTSTANDING vs. Sept 19 DEPOSITS vs. Sept 19 LOANS OUTSTANDING vs. Sept 19 DEPOSITS vs. Sept 19 _Revenues (EURm) (1) _Revenues (EURm) _Revenues (EURm
Slide 17: Insurance and Financial Services
INSURANCE AND FINANCIAL SERVICES INSURANCE FINANCIAL SERVICES TO CORPORATES +1%* +7% +2% +1%* LIFE INSURANCE OUTSTANDING PROTECTION PREMIUM IN FRANCE TOTAL FLEET LOAN AND LEASE OUTSTANDING vs. Sept 19 vs. 9M 19 vs. Sept 19 vs. Sept 19 _Revenues (EURm) _Revenues (EURm) -2%* vs. Q3 19 +1%* vs. Q3 19 +
Slide 18: Global Banking and Investor Solutions Results
GLOBAL BANKING AND INVESTOR SOLUTIONS RESULTS RECOVERY ON REVENUES I n EURm Q3 2 0 Q3 1 9 Change 9M 20 9M 19 Change +10.8%* vs. Q2 20, +2.5%* vs. Q3 19 Net banking income 2,034 2,013 +1.0% +2.5%* 5,541 6,518 -15.0% -14.9%* driven by rebound in Equities, solid FIC and resilient Operating expenses (1,
Slide 19: Global Markets and Investor Services
GLOBAL MARKETS AND INVESTOR SERVICES ONGOING REDESIGN OF STRUCTURED REBOUND IN EQUITIES PRODUCT FRANCHISE Equities +5% VS. Q3 19, x3.7 VS. Q2 20 Derisking according to the plan in equity and _Revenues (EURm) credit structured products 585 Progressive recovery in structured Reduction of the exposure
Slide 20: Financing & Advisory, Asset & Wealth Management
FINANCING & ADVISORY ASSET & WEALTH MANAGEMENT FINANCING & ADVISORY: -2.8%* VS. Q3 19 _Revenues (EURm) Good dynamic in Investment Banking, notably in acquisition finance Strengthening leadership in core European capital markets and renewables financing #3 in all international Euro-denominated corpor
Slide 21: Corporate Centre
CORPORATE CENTRE I n EURm Q3 2 0 Q3 1 9 9M 20 9M 19 Net banking income 48 (5) (341) (145) Operating expenses (56) (61) (239) 4 Gross op erat i ng i ncom e (8 ) (6 6 ) (5 8 0 ) (1 4 1 ) Net cost of risk 0 0 0 (19) Net profits or losses from other assets (3) (115) (80) (249) Impairment losses on goodw
Slide 22: Moving Forward with Our Business Models
MOVING FORWARD WITH OUR BUSINESS MODELS GLOBAL BANKING FRENCH RETAIL INTERNATIONAL AND INVESTOR BANKING RETAIL AND SOLUTIONS FINANCIAL SERVICES Leading franchises seizing Analysing the combination of Delivering resilience and business opportunities our two networks to increase profitability Ongoing
Slide 23: Capital and Liquidity
3 CAPITAL AND LIQUIDITY
Slide 24: Regulatory Ratios Comfortably Above Minimum Requirements
REGULATORY RATIOS COMFORTABLY ABOVE MINIMUM REQUIREMENTS Requirements (1) End-Q3 20 ratios End-Q3 20 ratios Including IFRS9 phasing Fully-loaded 13.1% CET1 9.02% (2) 13.2% pro forma (5) 12.9% Total Capital 13.3% 18.4% 18.2% Leverage ratio 3.5% 4.5%(6) 4.4%(6) 19.5% (% RWA) (3) 29.8% (% RWA) 29.6% (%
Slide 25: CET1 Ratio Up at 13.1% (13.2% Proforma)
CET1 RATIO UP AT 13.1% (13.2% PROFORMA) _Q3 20: change in CET1(1) ratio (in bp) +12bp -15bp +~10bp 13.2% +53bp +3bp 13.1% IFRS 9 +19bp phasing CET1 AT 13.2% 12.5% ~420bp buffer over MDA at 9.02% LEVERAGE RATIO AT 4.4% TOTAL CAPITAL AT 18.2% TLAC(2) RATIO: 29.6% OF RWA BALANCE SHEET MEETING Q2 20(1)
Slide 26: CET1: Buffer to MDA
GROUP CET1: BUFFER TO MDA CET ratio: 13.2%(1) ~ 420bp Buffer over MDA Systemic buffer 1.00% Countercyclical buffer(2) 0.04% Capital conservation buffer 2.50% P2R requirement (3) 0.98% 9.02% Pillar 1 4.5% CET 1 ratio Capital requirement as of 30.09.20 as of 30.09.20 (1) Including 19bp of IFRS 9 phasi
Slide 27: TLAC / MREL
GROUP TLAC / MREL _TLAC ratio _MREL ratio Meeting 2020 (19.5%)(1) and 2022 (21.5%)(1) requirements Meeting total requirements (notification received in May 2020) (**) (**) (*) Tier 2 capital computed for TLAC / MREL differ from T2 capital for total capital ratio due to TLAC / MREL eligibility rules
Slide 28: Long Term Funding Programme
GROUP LONG TERM FUNDING PROGRAMME Parentcompanyadjusted2020funding programme Long term vanilla funding programme almost completed (~ EUR 13bn) SocieteGenerale - ca. EUR 13bn SocieteGenerale of vanilla debt, well SGSFH balanced SocieteGenerale 96% of the vanilla funding programme achieved at the pare
Slide 29: Group Long Term Funding Breakdown
GROUP LONG TERM FUNDING BREAKDOWN(1) Access to diversified and _Breakdown as of complementary investor bases through: Senior Non-Preferred Issues 30.09.2020 13% 14% Subordinated issuances Senior vanilla issuances (public or private Subordinated Debt(2) placements) 10% Senior structured notes distrib
Slide 30: Strengthened Funding Structure
STRENGTHENED FUNDING STRUCTURE _Loan to Deposit Ratio Robust balance sheet Stable loan to deposit ratio 600 94% 93% 95% 93% 92% 105% 495 506 504 High quality asset buffers 500 450 478 455 488 469 471 463 80% Loans (EUR bn) Comfortable LCR at 176% on average in Q3 20 400 Deposits (EUR bn) NSFR above
Slide 31: Credit Rating Overview
CREDIT RATING OVERVIEW Good fundamentals S&P: “Diverse business model by geography and _Credit Rating as of October 2020 segment” Moody’s: “Strong franchise and well-diversified Fitch Moody’s S&P universal banking business model” LT/ST A(dcr) A1(cr)/P-1(cr) A/A-1 Fitch: “The bank's ratings remain su
Slide 32: Sustainability Recognised in Ratings
SUSTAINABILITY RECOGNISED IN RATINGS SG is well recognised by extra-financial rating agencies and included in the leading sustainability indices, including DJSI: Rating Position vs peers “In this period of profound change we are experiencing, we 79/100 #1 Bank worldwide in environment are committed
Slide 33: Creating Value: Shareholder Friendly Capital Management
CREATING VALUE SHAREHOLDER FRIENDLY CAPITAL MANAGEMENT DIVIDEND PROVISION EUR 0.21 per share for 9M 20 DIVIDEND POLICY 50% payout of the underlying Group net income(2), of which up to 10% in share buy back(1) High level of capital (~420bp(3) buffer over regulatory requirement) giving the Group flexi
Slide 34: CSR Strategy
4. CSR STRATEGY
Slide 35: New Stage in Energy Transition Leadership
NEW STAGE IN ENERGY TRANSITION LEADERSHIP STRENGTHENING COMMITMENT LEADING INDUSTRYWIDE EFFORT Common methodology to enable #1 worldwide in renewable energy financing(1) ✓ Share of renewable energies in the electricity mix financed by the Bank alignment of credit portfolios with the exceeds 50% at m
Slide 36: Sustainability and Responsibility Embedded in Corporate Purpose
SUSTAINABILITY AND RESPONSIBILITY EMBEDDED IN CORPORATE PURPOSE “Building together, with our clients, a better and sustainable future through responsible and innovative solutions” Key objectives SUPPORTING CLIENTS OVER THE LONG- DRIVING POSITIVE TRANSFORMATIONS TO FOSTERING A PIONEERING SPIRIT AND T
Slide 37: Six Strategic CSR Priorities: Transform to Grow
SIX STRATEGIC CSR PRIORITIES: "TRANSFORM TO GROW" CSR PRIORITIES APPROVED CLIMATE BY BOARD RESPONSIBLE CHANGE EMPLOYER Committed to align lending portfolio Developing ETHICS & employee skills, with Paris Agreement SUSTAINABLE GOVERNANCE adapting to changing Integration of E&S DEVELOPMENT Applying th
Slide 38: Positioning Societe Generale as a Leader in Sustainable Finance
POSITIONING SOCIETE GENERALE AS A LEADER IN SUSTAINABLE FINANCE AND INVESTOR ACTIVITIES TARGETING LEADERSHIP RECEIVING RECOGNITION Financing energy transition: Positive recognition by the extra-financial rating 2020 EUR 100bn energy transition target achieved one agencies, including: year in advance
Slide 39: Voluntary and Responsible Policy
VOLUNTARY AND RESPONSIBLE POLICY SELECTED VOLUNTARY COMMITMENTS EQUATOR PRINCIPLES - 2007: Project finance REGULATORY REQUIREMENTS E&S SECTOR POLICIES - 2011: on 12 sensitive sectors 2001 NRE, CSR REPORTING - 2001: COP 21 - 2015: Coal sector policy, alignment with IEA 2°C scenario France the first c
Slide 40: Aligning the Group's Activities with the Paris Agreement
ALIGNING THE GROUP’S ACTIVITIES WITH THE PARIS AGREEMENT COMMITMENTS UNDERTAKEN THROUGH THE KATOWICE COMMITMENT, PRINCIPLES FOR RESPONSIBLE BANKING, AND THE COLLECTIVE COMMITMENT ON CLIMATE ACTION: APPLY THE DEFINE A COMMON METHODOLOGY TO KEY SET OBJECTIVES METHODOLOGY SECTORS Pioneering alignment o
Slide 41: Supplement
5 SUPPLEMENT
Slide 42: Quarterly Income Statement by Core Business
GROUP QUARTERLY INCOME STATEMENT BY CORE BUSINESS International Retail Banking Global Banking and Investor French Retail Banking Corporate Centre Group and Financial Services Solutions In EURm Q3 2 0 Q3 1 9 Q3 2 0 Q3 1 9 Q3 2 0 Q3 1 9 Q3 2 0 Q3 1 9 Q3 2 0 Q3 1 9 Net banking incom e 1,836 1,879 1,891
Slide 43: 9M Income Statement by Core Business
GROUP 9M 20 INCOME STATEMENT BY CORE BUSINESS International Retail Banking Global Banking and Investor French Retail Banking Corporate Centre Group and Financial Services Solutions In EURm 9M 20 9M 19 9M 20 9M 19 9M 20 9M 19 9M 20 9M 19 9M 20 9M 19 Net banking incom e 5,470 5,789 5,605 6,296 5,541 6
Slide 44: Underlying Data - Reconciliation with Reported Figures
GROUP UNDERLYING DATA - RECONCILIATION WITH REPORTED FIGURES Operating Net cost of Net profit or losses Impairment losses Q3 20 (in EURm) Income Tax Group net income Business Expenses risk from other assets on goodwill Reported (3,825) (518) (2) 0 (467) 862 (+) IFRIC 21 lin earisatio n (177) 53 (120
Slide 45: Underlying Data - IFRIC Impact
GROUP UNDERLYING DATA - IFRIC 21 IMPACT International Retail Global B anking and French Retail B anking B anking and Financial Corporate Centre Group Inv estor Solutions Serv ices In EUR m 9M 20 9M 19 9M 20 9M 19 9M 20 9M 19 9M 20 9M 19 9M 20 9M 19 Total IFRIC 21 Im pact - costs -132 -100 -96 -112 -
Slide 46: CRR/CRD4 Prudential Capital Ratios
GROUP CRR/CRD4 PRUDENTIAL CAPITAL RATIOS _Fully Loaded Common Equity Tier 1, Tier 1 and Total Capital In EURbn 30/ 09/ 2020 31/ 12/ 2019 Shareholder equity Group share 60.6 63.5 Deeply subordinated notes* (7.9) (9.5) Undated subordinated notes* (0.3) (0.3) Dividend to be paid & interest on subordina
Slide 47: CRR Leverage Ratio
GROUP CRR LEVERAGE RATIO _CRR Fully Loaded Leverage Ratio(1) 30/ 09/ 2020 31/ 12/ 2019 In EURbn Tier 1 Capital 53.3 51.9 Total prudential balance sheet (2) 1,322 1,204 Adjustement related to derivative exposures (131) (81) Adjustement related to securities financing transactions* 4 (3) Off-balance s
Slide 48: Risk-Weighted Assets
GROUP RISK-WEIGHTED ASSETS* (CRR/CRD 4, IN EUR BN) 130.9 360.7 124.5 353.5 352.3 122.1 117.4 Total 112.2 112.2 47.9 49.2 52.0 7.2 32.2 103.9 6.8 6.8 32.2 21.0 0.1 33.0 15.8 15.9 98.1 97.5 0.2 0.1 5.4 5.5 0.1 5.4 Operational 0.1 0.1 20.3 15.5 Market 14.4 Credit 110.1 105.3 105.3 288.5 291.9 284.4 98.
Slide 49: Change in Gross Book Outstandings
GROUP CHANGE IN GROSS BOOK OUTSTANDINGS* End of period in EUR bn 529.4 527.7 Total 518.6 501.2 502.4 504.6 504.8 507.1 496.6 175.7 162.4 147.5 164.9 164.2 160.9 157.5 158.1 158.0 Global Banking and Investor Solutions 135.7 134.2 139.8 138.2 135.9 141.0 135.7 136.6 138.5 International Retail Banking
Slide 50: Geographic Breakdown of SG Group Commitments
GROUP GEOGRAPHIC BREAKDOWN OF SG GROUP COMMITMENTS AT 30.06.2020 On-and off-balance sheet EAD* On-balance sheet EAD* All customers included: EUR 990bn All customers included: EUR 737bn Africa and Middle Africa and Latin America Asia-Pacific Latin America and East Asia-Pacific Middle East and Caribbe
Slide 51: Non-Performing Loans
GROUP NON-PERFORMING LOANS In EUR bn 30/09/2020 30/06/2020 30/09/2019 Stage 1 book outstandings* 467.5 474.0 481.3 Stage 2 book outstandings* 32.6 33.9 25.1 Doubtful loans (stage 3) 17.7 17.7 16.9 Total Gross book outstandings* 517.8 525.6 523.3 Group Gross non performing loans ratio 3.4% 3.4% 3.2%
Slide 52: Change in Trading VaR and Stressed VaR
GROUP CHANGE IN TRADING VAR* AND STRESSED VAR** _Quarterly Average of 1-Day, 99% Trading VaR* (in EUR m) 40 34 28 26 Trading VaR* 18 21 18 22 23 Credit Interest Rates 43 Equity 33 Forex 8 20 Commodities 16 4 6 7 10 28 15 19 Compensation Effect 12 13 12 10 11 11 14 17 13 15 15 19 19 20 20 4 4 42 3 2
Slide 53: Funding Structure
GROUP FUNDING STRUCTURE 31 DECEMBER 2019 30 SEPTEMBER 2020 (In EURbn) 810 860 445 419 Due to Customers o.w. Securities sold to customer 9 under repurchase agreements 5 Due to Banks 108 o.w. Securities sold to bank under 138 Financial Liabilities at Fair Value through Profit or Loss - repurchase agre
Slide 54: EPS Calculation
GROUP EPS CALCULATION Average number of shares (thousands) 9M 20 H1 20 2019 Existing shares 853,371 853,371 834,062 Deductions Shares allocated to cover stock option plans and free shares awarded to staff 2,606 2,728 4,011 Other own shares and treasury shares 149 Num ber of shares used to calculate
Slide 55: Net Asset Value, Tangible Net Asset Value
GROUP NET ASSET VALUE, TANGIBLE NET ASSET VALUE End of period 9M 20 H1 20 2019 Shareholders' equity Group share 60,593 60,659 63,527 Deeply subordinated notes (7,873) (8,159) (9,501) Undated subordinated notes (274) (283) (283) Interest, net of tax, payable to holders of deeply subordinated notes &
Slide 56: ROE/ROTE Calculation Detail
GROUP ROE/ROTE CALCULATION DETAIL End of period Q3 20 Q3 19 9M 20 9M 19 Shareholders' equity Group share 60,593 63,715 60,593 63,715 (7,873) (9,739) (7,873) (9,739) Deeply subordinated notes Undated subordinated notes (274) (290) (274) (290) Interest net of tax payable to holders of deeply subordina
Slide 57: French Retail Banking: Net Banking Income
FRENCH RETAIL BANKING NET BANKING INCOME Change _NBI, in EURm Q3 20 vs. Q3 19 Commissions(2) 1,879 1,957 1,880 1,754 1,836 -2.3% -4.0% vs. Q3 19 -6.9% vs. 9M 19 -4.0% 848 858 Fees(2) 841 814 764 -1.5% Net interest margin(1) 68 80 Other Income -5.1% vs. Q3 19 67 36 67 -3.3% vs. 9M 19 Net Interest Mar
Slide 58: French Retail Banking: Customer Deposits and Financial Savings
FRENCH RETAIL BANKING CUSTOMER DEPOSITS AND FINANCIAL SAVINGS _Average outstanding, in EURbn Change Q3 20 vs. Q3 19 318 318 318 332 343 +8.1% Life Insurance Financial Savings 93 -2.1% Mutual Funds EUR 103.6bn 93 95 96 94 -3.6% 10 -14.6% 10 12 11 11 Sight Deposits(1) 132 140 +19.8% 117 118 119 PEL De
Slide 59: French Retail Banking: Loans Outstanding
FRENCH RETAIL BANKING LOANS OUTSTANDING Change _Average outstanding, net of provisions in EURbn Q3 20 vs. Q3 19 198 202 206 216 222 +12.2% +5.1% 109 Housing 109 104 107 109 13 -0.5% Consumer Credit 13 13 and Overdraft 13 13 100 Business 94 +23.2% 81 82 84 Customers* 0.2 0.2 0.2 0.2 0.2 Financial Ins
Slide 60: International Retail Banking and Financial Services: Quarterly Results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES QUARTERLY RESULTS Financial Services to International Retail Banking Insurance Total Corporates I n EUR m Q3 2 0 Q3 1 9 C hange Q3 2 0 Q3 1 9 C hange Q3 2 0 Q3 1 9 C hange Q3 2 0 Q3 1 9 C hange Net banking incom e 1,216 1,401 -3.9%* 223 227 -1.6%*
Slide 61: International Retail Banking and Financial Services: 9M Results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES 9M 20 RESULTS International Retail Banking Insurance Financial Services to Corporates Total I n EUR m 9M 20 9M 19 C hange 9M 20 9M 19 C hange 9M 20 9M 19 C hange 9M 20 9M 19 C hange Net banking incom e 3,666 4,200 -3.3%* 663 687 -3.1%* 1,276 1,409
Slide 62: International Retail Banking: Breakdown by Region, Quarterly
INTERNATIONAL RETAIL BANKING BREAKDOWN BY REGION - QUARTERLY RESULTS Africa, Asia, Total International Western Europe Czech Republic Romania Other Europe Russia (1) Mediterranean bassin Retail Banking and Overseas I n M EUR Q3 2 0 Q3 1 9 Q3 2 0 Q3 1 9 Q3 2 0 Q3 1 9 Q3 2 0 Q3 1 9 Q3 2 0 Q3 1 9 Q3 2 0
Slide 63: International Retail Banking: Breakdown by Region, 9M
INTERNATIONAL RETAIL BANKING BREAKDOWN BY REGION - 9M 20 RESULTS Africa, Asia, Total International Western Europe Czech Republic Romania Other Europe Russia (1) Mediterranean bassin Retail Banking and Overseas I n M EUR 9M 20 9M 19 9M 20 9M 19 9M 20 9M 19 9M 20 9M 19 9M 20 9M 19 9M 20 9M 19 9M 20 9M
Slide 64: Loan and Deposit Outstandings Breakdown
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES LOAN AND DEPOSIT OUTSTANDINGS BREAKDOWN _Loan Outstandings Breakdown (in EURbn) _Deposit Outstandings Breakdown (in EURbn) Change Change Sept 20 vs. Sept 19 Sept 20 vs. Sept 19 1.1 +0.5%* 1.1 80.8 +9.3%* 79.0 18.3 +0.7%* o.w. Equipment 17.8 Finance
Slide 65: SG Russia
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES SG RUSSIA(1) _SG Russia Results In EUR m Q3 2 0 Q3 1 9 Change 9M 20 9M 19 Change Net banking incom e 196 227 3% 608 654 2% Operating expenses (113) (150) -11% (380) (443) -7% Gross operating incom e 83 78 32% 228 211 20% Net cost of risk (56) (25)
Slide 66: Insurance Key Figures
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES INSURANCE KEY FIGURES _Life Insurance Outstandings and Unit Linked Breakdown (in EURbn) _Personal Protection Insurance Premiums (in EURm) 121.8 125.1 119.9 122.1 122.4 285 279 269 260 259 28% 30% 27% 30% 30% Unit Linked Change Euro Funds Q3 20 vs.
Slide 67: Global Banking and Investor Solutions: Quarterly Results
GLOBAL BANKING AND INVESTOR SOLUTIONS QUARTERLY RESULTS Global Markets and Investor Asset and Wealth Total Global Banking and Investor Financing and Advisory Services Management Solutions I n EUR m Q3 2 0 Q3 1 9 C hange Q3 2 0 Q3 1 9 C hange Q3 2 0 Q3 1 9 C hange Q3 2 0 Q3 1 9 C hange Net banking in
Slide 68: Global Banking and Investor Solutions: 9M Results
GLOBAL BANKING AND INVESTOR SOLUTIONS 9M 20 RESULTS Global Markets and Investor Total Global Banking and Investor Financing and Advisory Asset and Wealth Management Services Solutions I n EUR m 9M 20 9M 19 C hange 9M 20 9M 19 C hange 9M 20 9M 19 C hange 9M 20 9M 19 C hange Net banking incom e 3,004
Slide 69: Global Banking and Investor Solutions: Risk-Weighted Assets
GLOBAL BANKING AND INVESTOR SOLUTIONS RISK-WEIGHTED ASSETS _Global Markets and Investor Services (in EURbn) 65.3 67.7 63.4 25.6 24.7 24.7 13.3 19.0 14.6 26.4 24.0 24.1 Q3 19 Q2 20 Q3 20 Operational Market _Financing and Advisory (in EURbn) _Asset and Wealth Management (in EURbn) Credit 47.9 54.8 52.
Slide 70: Global Banking and Investor Solutions: Revenues
GLOBAL BANKING AND INVESTOR SOLUTIONS REVENUES _Global Markets and Investor Services Revenues (in EURm) (1) _Asset and Wealth Management Revenues (in EURm) 169 5 5 145 4 166 5 4 Securities Services 57 50 40 494 149 48 Others 569 53 520 150 Fixed Income and Lyxor Currencies 700 187 165 181 176 Privat
Slide 71: Global Banking and Investor Solutions: Key Figures
GLOBAL BANKING AND INVESTOR SOLUTIONS KEY FIGURES _Private Banking: Assets under Management (in EURbn) _Lyxor: Assets under Management (in EURbn) 117 119 111 114 114 138 149 132 133 126 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 _Securities Services: Assets under Custody (in EURbn)
Slide 72: Recognised Expertise: League Tables, Rankings, Awards
GLOBAL BANKING AND INVESTOR SOLUTIONS RECOGNISED EXPERTISE: LEAGUE TABLES - RANKINGS - AWARDS FINANCING AND ADVISORY GLOBAL MARKETS African banking awards 2020 EMEA FINANCE Treasury Services Awards 2020 Best Cash Management Services in EMEA Best Factoring Services in EMEA, Europe and Africa Corporat
Slide 73: Financing & Advisory: Supporting Clients in Their Transformations
FINANCING & ADVISORY SUPPORTING CLIENTS IN THEIR TRANSFORMATIONS CLIENT PROXIMITY VONOVIA EUR 1bn – ABB Capital increase of Vonovia, the largest ECM INNOVATION Joint Bookrunner issuance in the European real estate sector PRODUCT EXCELLENCE INDUSTRY EXPERTISE ACS EUR 2.2bn – Sale of a c. 3GW Solar Po
Slide 74: Methodology (1/3)
METHODOLOGY (1/3) 1 – The financial information presented for the quarter and first half ending 30 September 2020 was reviewed by the Board of Directors on 4 November 2020 and has been prepared in accordance with IFRS as adopted in the European Union and applicable at this date, and has not been aud
Slide 75: Methodology (2/3)
METHODOLOGY (2/3) 6 – Cost of risk in basis points, coverage ratio for non-performing loans The cost of risk or commercial cost of risk is defined on pages 45 and 574 of Societe Generale’s 2020 Universal Registration Document. This indicator makes it possible to assess the level of risk of each of t
Slide 76: Methodology (3/3)
METHODOLOGY (3/3) The net result by the group retained for the numerator of the ratio is the net profit attributable to the accounting group adjusted by the interest to be paid on TSS & TSDI, interest paid to the holders of TSS & TSDI amortization of premiums issues and unrealized gains/losses accou
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