Barclays Plc · LSE:BARC
Barclays — Debt Investor Presentation (July 2016)
68 slides from Barclays's debt investor presentation, Jul 29, 2016
Slide 1: Barclays PLC Fixed Income Investor Presentation
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Barclays PLC Fixed Income Investor Presentation H1 2016 Results Announcement July 2016 | Barclays H1 2016 Fixed Income Investor Presentation
Slide 2: Strategy & Performance Overview
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Strategy & Performance Overview | Barclays H1 2016 Fixed Income Investor Presentation
Slide 3: Transatlantic Consumer, Corporate & Investment Bank
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Transatlantic Consumer, Corporate & Investment Bank Our strategy is on track and is showing encouraging progress Strong Core returns Double digi
Slide 4: Our strategy remains unchanged and is on track
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Our strategy remains unchanged and is on track Since EU Referendum 23rd June Helped start c.2,0004 £100m fund for new businesses lending to farm
Slide 5: Financial highlights – Q216
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Financial highlights – Q216 Double digit Core returns: Underlying Core RoTE of 11.0%, driven by Barclays UK RoTE of 18.4% and Barclays Corporate
Slide 6: Resilience from prudent risk management and diversification
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Resilience from prudent risk management and diversification Diversified income by business – H1168 Lower volatility of LLR vs. other major UK ba
Slide 7: Statutory Group financials – Q216
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Statutory Group financials – Q216 Three months ended (£m) Jun-16 Jun-15 % change Diversified Consumer, Corporate & Investment Bank Income 5,972
Slide 8: Core: Underlying Return on Tangible Equity of 11.0%
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Core: Underlying Return on Tangible Equity of 11.0% Business performance excluding notable items Profit/(loss) before tax (£m) Jun-16 Jun-15 % c
Slide 9: Non-Core: Continued good rundown momentum
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Non-Core: Continued good rundown momentum Business performance excluding notable items Q216 Performance metrics Three months ended (£m) Jun-16 M
Slide 10: Priority is to close Non-Core in 2017
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Priority is to close Non-Core in 2017 • Continued good execution of the Non-Core rundown while preserving capital − RWA reduction of £4bn in Q21
Slide 11: Capital & Leverage
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Capital & Leverage | Barclays H1 2016 Fixed Income Investor Presentation
Slide 12: Strong CET1 and leverage ratio progression
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Strong CET1and leverage ratio progression Fully Loaded CET1 ratio17 442 402 • CET1 ratio of 11.6% as at 30 June 2016, an improvement of 358 363
Slide 13: Managing evolving future minimum CET1 levels
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Managing evolving future minimum CET1 levels Illustrative evolution of minimum CET1 requirements and buffers20 Minimum CRD IV CET1 requirement M
Slide 14: Managing capital position for regulatory minimum levels and stress testing
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Managing capital position for regulatory minimum levels and stress testing Barclays‟ expected systemic reference points for 2016 BoE stress test
Slide 15: Evolving CRD IV capital structure transitioning to HoldCo over time
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Evolving CRD IV capital structure transitioning to HoldCo over time Illustrative evolution of CRD IV capital structure26 Well managed and balanc
Slide 16: Capital allocation balanced and diversified across the Group
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Capital allocation balanced and diversified across the Group Group RWAs (£bn) by division – Jun-16 Group RWAs (£bn) by product – Jun-16 £366bn £
Slide 17: Continued strong leverage position
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Continued strong leverage position Leverage exposure32 (£bn) Highlights L&A and other assets33 Derivatives Q216 SFTs Undrawn commitments • Decre
Slide 18: Holding company transition and MREL/TLAC
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Holding company transition and MREL/TLAC | Barclays H1 2016 Fixed Income Investor Presentation
Slide 19: TLAC and MREL requirement expectations
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC TLAC and MREL requirement expectations Pillar 1 TLAC minimum requirements and illustrative MREL expectations27 Pillar 1 requirements 2016 Pillar
Slide 20: Illustrative MREL/TLAC requirements
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Illustrative MREL/TLAC requirements Illustrative MREL/TLAC needs to meet future requirements27 c.£6bn p.a. / • Proactive refinancing from HoldCo
Slide 21: Continued progress on transition to HoldCo capital and funding model
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Continued progress on transition to HoldCo capital and funding model PRA transitional regulatory capital Outstanding term vanilla senior unsecur
Slide 22: UK approach to resolution
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC UK approach to resolution Illustrative UK resolution loss allocation waterfall39 OpCo waterfall Intercompany investments HoldCo waterfall • BRRD
Slide 23: Barclays PLC parent company accounts
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Barclays PLC parent company accounts Barclays PLC parent company balance sheet Key notes Balance sheet • Barclays PLC is the holding company of
Slide 24: Structural Reform
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Structural Reform | Barclays H1 2016 Fixed Income Investor Presentation
Slide 25: Simplifying our business divisions for structural reform
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Simplifying our business divisions for structural reform Barclays PLC Barclays PLC41 1 Barclays UK Barclays Corporate & International Non-Core A
Slide 26: Progress on Group legal structure
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Progress on Group legal structure Barclays PLC41 Barclays UK Likely to be Barclays Corporate & International constructs Divisional transferred u
Slide 27: Anticipated funding sources of future UK ring-fenced bank and Barclays Bank PLC
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Anticipated funding sources of future UK ring-fenced bank and Barclays Bank PLC (and subsidiaries) Barclays PLC41 Barclays UK Barclays Corporate
Slide 28: Liquidity & Funding
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Liquidity & Funding | Barclays H1 2016 Fixed Income Investor Presentation
Slide 29: Maintaining a robust liquidity position and well diversified funding profile
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Maintaining a robust liquidity position and well diversified funding profile High quality liquidity pool (excluding BAGL) (£bn) Maintained a rob
Slide 30: Continue to access diverse wholesale funding sources
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Continue to access diverse wholesale funding sources across multiple products, currencies and maturities Wholesale funding by product46 Key mess
Slide 31: Wholesale funding composition
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Wholesale funding composition48 >1 month >3 months >6 months >1 year >2 year >3 year >4 year Total As at 30 June 2016 (£bn) ≤1 month but ≤3 but
Slide 32: Asset quality
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Asset quality | Barclays H1 2016 Fixed Income Investor Presentation
Slide 33: Stable CRLs in proportion to gross L&A
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Stable CRLs in proportion to gross L&A reflecting Barclays prudent approach to credit risk management Strong coverage of Group Credit Risk Loans
Slide 34: Asset quality trends remain favourable
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Asset quality trends remain favourable Impairment charge and CRLs tracking downwards… £m 5.1% • Impairment charges have consistently 6,000 0.06
Slide 35: Prudent and well managed risk appetite
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Prudent and well managed risk appetite Bank of England stress tests – CET1 ratio drawdown11 (bps) Evidence of conservative risk profile 2014 • M
Slide 36: UK Mortgages – High quality, conservative portfolio
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC UK Mortgages – High quality, conservative portfolio BoE Stress Tests UK Mortgage Cumulative Impairment Charge Rates54 Key Messages 2014 2015 • H
Slide 37: UK and US Cards – Seasoned, diversified and resilient portfolios
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC UK and US Cards – Seasoned, diversified and resilient portfolios Breakdown by Delinquency Bucket – UK Key Messages 30% Early Delinquency Late De
Slide 38: UK Commercial Real Estate – Stable and limited exposure
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC UK Commercial Real Estate – Stable and limited exposure BoE Stress Tests UK CRE Cumulative Impairment Charge Rates54 Key messages 18% 2014 2015
Slide 39: Level 3 assets
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Level 3 assets As at Dec-15 As at Jun-16 140 86 4,947 1,022 4,822 458 11,013 5,418 Total: 17,758 Total: £37bn 6,771 £31bn 7,330 7,424 Financial
Slide 40: Limited oil and gas exposures and robust risk management
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Limited oil and gas exposures and robust risk management (31 December 2015) Key stats Good quality and well diversified Effective risk managemen
Slide 41: Credit ratings
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Credit ratings | Barclays H1 2016 Fixed Income Investor Presentation
Slide 42: Ratings a key strategic priority
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Ratings a key strategic priority Senior Long Term/ • Barclays is committed to maintaining strong investment Standard & Poor’s Moody's Fitch Shor
Slide 43: Barclays rating composition for senior debt
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Barclays rating composition for senior debt Standard & Poor’s Moody’s Fitch Stand-Alone Credit Profile bbb+ Baseline Credit Assessment baa2 Viab
Slide 44: Barclays rating composition for subordinated debt
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Barclays rating composition for subordinated debt Standard & Poor’s Moody’s Fitch Baseline Stand-alone Stand-Alone Viability bbb+ Credit baa2 a
Slide 45: Appendix
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Appendix | Barclays H1 2016 Fixed Income Investor Presentation
Slide 46: Our strategy remains unchanged and is on track
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Our strategy remains unchanged and is on track Transatlantic Consumer, Corporate and Investment Bank Measures to deliver strategy and manage leg
Slide 47: Barclays UK: Focused UK consumer and business bank with scale
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Barclays UK: Focused UK consumer and business bank with scale Differentiated through scale, with 23 million customers, and digital innovation Pe
Slide 48: Barclays Corporate & International: Diversified transatlantic wholesale and consumer bank
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Barclays Corporate & International: Diversified transatlantic wholesale and consumer bank Scale and strength with growth opportunities in key ge
Slide 49: Intention to reduce 62.3% stake in Barclays Africa Group Limited (BAGL)
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Intention to reduce 62.3% stake in Barclays Africa Group Limited (BAGL) Impact of sell-down18 c.£2bn c.40,000 CET1 ratio Cost reduction Headcoun
Slide 50: Generating a consistently strong Core RoTE on an increasing tangible equity base
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Generating a consistently strong Core RoTE on an increasing tangible equity base Core return on average tangible equity (excluding notable items
Slide 51: Group financials excluding notable items – Q216
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Group financials excluding notable items – Q216 Performance excluding notable items Diversified Consumer, Corporate & Investment Bank Three mont
Slide 52: Core income and margins – Q216
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Core income and margins – Q216 Income7 (£m) – Three months ended Jun-16 Jun-15 % change • Barclays UK net interest income remained broadly stabl
Slide 53: Continued focus on cost discipline and efficiency
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Continued focus on cost discipline and efficiency Group cost progression and Core guidance (£bn) Total operating expenses, excluding conduct and
Slide 54: Barclays UK: Return on Tangible Equity of 18.4%
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Barclays UK: Return on Tangible Equity of 18.4% Business performance excluding notable items Q216 Performance metrics Three months ended (£m) Ju
Slide 55: Barclays UK: Digital is Barclays' biggest branch
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Barclays UK: Digital is Barclays‟ biggest branch Personal Banking Q216 2015 2014 2013 Digitally active customers 5.3m 6.3m 6.9m 7.2m Barclays Mo
Slide 56: Barclays Corporate & International: RoTE of 11.9%
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Barclays Corporate & International: RoTE of 11.9% Business performance excluding notable items Q216 Performance metrics Three months ended (£m)
Slide 57: Corporate & Investment Bank: RoTE of 9.5%
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Corporate & Investment Bank: RoTE of 9.5% Business performance excluding notable items Q216 Performance metrics Three months ended (£m) Jun-16 J
Slide 58: Consumer, Cards & Payments: RoTE of 26.3%
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Consumer, Cards & Payments: RoTE of 26.3% Business performance excluding notable items Q216 Performance metrics Three months ended (£m) Jun-16 J
Slide 59: Continued Non-Core rundown momentum
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Continued Non-Core rundown momentum RWAs by type (£bn) Leverage exposure by type (£bn) (47%) (58%) 316 89 23 50 22 54 47 127 149 33 11 12 134 10
Slide 60: Non-Core income guidance
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Non-Core income guidance Income (£m) Income guidance • Income from Non-Core top-up on 1 March FY16 FY14 FY15 H116 FY16 FY17 FY18 expected to be
Slide 61: New Non-Core cost guidance for 2017
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC New Non-Core cost guidance for 2017 Costs (£m) Cost guidance • Non-Core top-up on 1 March added c.£600m of £1bn additional cost annualised costs
Slide 62: Head Office and Africa Banking summary financials
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Head Office and Africa Banking summary financials Business performance excluding notable items Africa Banking – Three months ended (£m) Jun-16 J
Slide 63: Contact – Debt Investor Relations Team
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Contact – Debt Investor Relations Team Lisa Bartrip Sofia Lonnqvist Dan Colvin +44 (0)20 7773 0708 +44 (0)20 7116 5716 +44 (0)20 7116 6533 lisa.
Slide 64: Footnotes
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Footnotes 1 Q216 RoTE excluding notable items l 2 Excluding notable items. Based on current exchange rates l 3 Target set at an average USD exch
Slide 65: Disclaimer
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Disclaimer Important Notice The information, statements and opinions contained in this presentation do not constitute a public offer under any a
Slide 66: Disclaimer (continued)
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Disclaimer (continued) Barclays has filed a registration statement (including a prospectus) and has filed, or will file, a prospectus supplement
Slide 67: Disclaimer (continued)
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Disclaimer (continued) • Net Stable Funding Ratio (NSFR) is calculated according to the definition and methodology detailed in the standard prov
Slide 68: Disclaimer (continued)
STRATEGY & HOLDCO CAPITAL STRUCTURAL LIQUIDITY PERFORMANCE TRANSITION ASSET QUALITY CREDIT RATING APPENDIX & LEVERAGE REFORM & FUNDING OVERVIEW & MREL/TLAC Disclaimer (continued) Notable items which are excluded from certain of the key non-IFRS measures described above are considered to be significa