Societe Generale S.a. Class A · EURONEXT:GLE
Societe Generale S.a. Class A — Debt Investor Presentation (September 2021)
75 slides from Societe Generale S.a. Class A's debt investor presentation, September 2021
Slide 1: Presentation to Debt Investors
PRESENTATION TO DEBT INVESTORS 2nd quarter and 1st half 2021 | September 2021
Slide 2: Disclaimer
DISCLAIMER The financial information on Société Générale for its 2nd quarter and first half 2021 comprises this presentation and a dedicated press release which are available on the website: https://investors.societegenerale.com/fr. This presentation contains forward-looking statements relating to t
Slide 3: Key Highlights and Group Performance
1 KEY HIGHLIGHTS AND GROUP PERFORMANCE
Slide 4: Q2 21: Excellent performance across all businesses
Q2 21 : EXCELLENT PERFORMANCE ACROSS ALL BUSINESSES DOUBLE-DIGIT IMPROVING ATTRACTIVE EARNINGS GROWTH 2021 OUTLOOK SHAREHOLDER RETURN Revenues +18.2% (+20.5%*) Expected revenue growth Strong capital position at vs. Q2 20 across all businesses 13.4%(2) well above target thanks to sustained organic ca
Slide 5: Q2 21: Strong earnings growth
Q2 21: STRONG EARNINGS GROWTH POSITIVE JAWS GROSS OPERATING COST/INCOME ACROSS BUSINESSES INCOME RATIO _Variation of revenues and underlying costs(1) Q2 21/Q2 20 _Underlying Gross Operating Income (1) (EURm) _Underlying cost/income ratio (1) +55% 2,036 +18% 75% 1,312 67% +6% Revenues Costs Q2 20 Q2
Slide 6: Pursued cost discipline
PURSUED COST DISCIPLINE H1 21 STRONG H1 21 COSTS POSITIVE JAWS COST/INCOME _Underlying costs (EURm)(1) _Variation of revenues and underlying costs (1) _Underlying cost/income (1) H1 21/H1 20 H1 21/H1 20 +1.7% +44 -33 8,322 +126 +19.5% 78% 8,185 67% +1.7% H1 20 Net cost IFRIC 21 M&A H1 21 Revenues Co
Slide 7: Low cost of risk across all businesses
LOW COST OF RISK ACROSS ALL BUSINESSES _Cost of risk(1) (in bp) H1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 H1 21 NON-PERFORMING LOANS RATIO(2) 81 97 JUN 18 JUN 19 JUN 20 MAR 21 JUN 21 GROUP 40 54 16 21 11 3.7% 85 3.3% 68 3.2% 3.2% FRENCH RETAIL BANKING 24 50 3.1% 23 1 12 125 INTERNATIONAL RETAIL 96 102 89
Slide 8: Limited defaults, prudent provisioning
LIMITED DEFAULTS, PRUDENT PROVISIONING COST OF RISK STAGE 1/STAGE 2 TOTAL PROVISIONS _Net cost of risk (in EURm) _Total provisions(1) (in EURm) 1,279 3,622 3,578 3,548 820 2,282 2,329 2,262 2,379 689 518 1,231 276 142 1,243 1,249 1,286 1,051 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 31.12.19 31.12.20 31.0
Slide 9: Manageable residual exposure on Covid related measures
MANAGEABLE RESIDUAL EXPOSURE ON COVID RELATED MEASURES EXPIRATION OF MORATORIA(1) NET EXPOSURE ON STATE GUARANTEED LOANS c.98% OF TOTAL MORATORIA ALREADY EXITED EUR 18BN STATE GUARANTEED LOANS AT END-Q2, OF WHICH EUR 16BN IN FRANCE (“PGE”) ~ EUR 2BN OF NET EXPOSURE ON PGE _Outstandings (in EURbn) 5
Slide 10: Focus on exposures
FOCUS ON EXPOSURES CORPORATE PORTFOLIO BREAKDOWN EXPOSURE TO SENSITIVE SECTORS CORPORATE EAD(1) IN EACH SECTOR IN % OF TOTAL GROUP EAD AT 30.06.2021 ACCOMMODATION*: 0.3% of total Group EAD Total Group EAD: EUR 1,053BN CATERING*: 0.3% of total Group EAD Finance & insurance 7.6% Business services 3.7%
Slide 11: IFRS 9 monitoring
IFRS 9 MONITORING METHODOLOGY APPLIED As of Q2-21, IFRS 9 parameters were updated keeping a prudent approach: • Updated 4 macroeconomic scenarios with conservative adjustments made to take into account both the delay in defaults and the massive State support in the major countries in which we operat
Slide 12: Group results
GROUP RESULTS In EU R m Q2 2 1 Q2 2 0 C hange H1 21 H1 20 C hange N et b ank i ng i ncom e 6,261 5,296 +18.2% +20.5%* 12,506 10,466 +19.5% +22.8%* Op erat i ng exp enses (4 , 1 0 7 ) (3 , 8 6 0 ) +6.4% +7.9%* (8 , 8 5 5 ) (8 , 5 3 8 ) +3.7% +5.6%* Underlying operating expenses(1) (4,225) (3,984) +6.
Slide 13: Business Performance
2 BUSINESS PERFORMANCE
Slide 14: French Retail Banking results
FRENCH RETAIL BANKING RESULTS REVENUES +8.0%(2) vs. Q2 20 Revenue growth expected in 2021 I n EURm Q2 2 1 Q2 2 0 C hange H1 21 H1 20 C hange Net banking income 1,906 1,754 +8.7% 3,753 3,634 +3.3% Net interest margin +1.6%(2) vs. Q2 20, still Net banking income excl. PEL/CEL 1,889 1,749 +8.0% 3,748 3
Slide 15: French Networks
FRENCH NETWORKS SOCIETE GENERALE & CREDIT DU NORD +1% +9% +5% +11% AV. LOANS OUTSTANDING vs. Q2 20 AV. DEPOSITS OUTSTANDING vs. Q2 20 AV. LIFE INSURANCE OUTSTANDINGS vs. Q2 20 AV. PRIVATE BANKING AUM vs. Q2 20 _Loans (EURbn) _Deposits (EURbn) _Life Insurance outstandings (EURbn) _Private Bank AuM (E
Slide 16: Boursorama
BOURSORAMA +40% +24% +24% +29% NEW CLIENT ON BOARDING vs. Q2 20 TOTAL CLIENTS vs. end of June 20 AV. LOANS OUTSTANDING vs. Q2 20 AV. DEPOSITS OUTSTANDING vs. Q2 20 _New client onboarding (‘000) _Total number of clients (m) _Loans (EURbn) _Deposits and financial savings (EURbn) >4m 33 2.9 12 25 168 2
Slide 17: International Retail Banking and Financial Services results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES RESULTS REVENUES +17.0%* vs. Q2 20 I n EURm Q2 2 1 Q2 2 0 Change H1 21 H1 20 Change International Retail Banking revenues Net banking income 1,989 1,750 +13.7% +17.0%* 3,851 3,714 +3.7% +8.2%* +7.9%* vs. Q2 20 Operating expenses (1,011) (979) +3.3%
Slide 18: International Retail Banking
INTERNATIONAL RETAIL BANKING EUROPE RUSSIA(2) AFRICA AND OTHER +4%* +11%* +3%* +2%* +3%* +7%* LOANS OUTSTANDING DEPOSITS OUTSTANDING LOANS OUTSTANDING DEPOSITS OUTSTANDING LOANS OUTSTANDING DEPOSITS OUTSTANDING vs. end of June 20 vs. end of June 20 vs. end of June 20 vs. end of June 20 vs. end of Ju
Slide 19: Financial Services
FINANCIAL SERVICES INSURANCE FINANCIAL SERVICES TO CORPORATES +7%* +8%* 1.8 m +24%* SAVINGS LIFE INSURANCE PROTECTION PREMIUM TOTAL ALD CONTRACTS LEASING NEW BUSINESS VOLUME OUTSTANDINGS vs. end of June 20 vs. Q2 20 as of end of June 21 vs. Q2 20 _Revenues (EURm) _Revenues (EURm) 400 600 +49%* 520 +
Slide 20: Global Banking and Investor Solutions results
GLOBAL BANKING AND INVESTOR SOLUTIONS RESULTS I n EURm Q2 2 1 Q2 2 0 Change H1 21 H1 20 Change Net banking income 2,340 1,880 +24.5% +27.7%* 4,849 3,507 +38.3% +42.8%* REVENUES UP +28%* vs. Q2 20, driven by Operating expenses (1,648) (1,570) +5.0% +6.9%* (3,699) (3,547) +4.3% +6.3%* good momentum in
Slide 21: Global Markets and Investor Services
GLOBAL MARKETS AND INVESTOR SERVICES GLOBAL MARKETS & INVESTOR SERVICES REVENUES: +44%* vs. Q2 20 _Global Markets Revenues (EURm) EQUITIES x5 vs. Q2 20,+21% vs. 2019 quarterly average 1,476 Favourable conditions in a normalizing market environment 1,228 Strong commercial activity on investment solut
Slide 22: Financing & Advisory, Asset & Wealth Management
FINANCING & ADVISORY ASSET & WEALTH MANAGEMENT FINANCING & ADVISORY: +13%* VS. Q2 20 _Revenues (EURm) H1 21 revenues +8%* vs. H1 20 (+6%* vs. H1 19) Solid revenue growth in Asset Finance and Natural Resources 720 Continued momentum in Asset-Backed Products 657 681 633 637 579 611 Strong commercial d
Slide 23: Corporate Centre
CORPORATE CENTRE I n EURm Q2 2 1 Q2 2 0 H1 21 H1 20 Net banking income 26 (88) 53 (389) Q2 21 OPERATING EXPENSES Operating expenses (151) (78) (306) (183) INCLUDING EUR 85M(2) Underlying operating expenses (1) (78) (90) (149) (158) TRANSFORMATION CHARGES IN THE Gross op erat i ng i ncom e (1 2 5 ) (
Slide 24: Strength of business model reflected in H1 21 performance
STRENGTH OF BUSINESS MODEL REFLECTED IN H1 21 PERFORMANCE SOLID PERFORMANCE VALUE CREATION _ Group net income(1) _ ROTE(1) (EURm) 2,647 10.2% HIGH PROFITABILITY ACROSS ALL BUSINESSES 2,332 9.1% LOWER BREAK-EVEN POINT H1 19 H1 21 H1 19 H1 21 _ Tangible net asset per POSITIONED TO FURTHER GROW share (
Slide 25: Capital and Liquidity
3 CAPITAL AND LIQUIDITY
Slide 26: Regulatory ratios comfortably above minimum requirements
REGULATORY RATIOS COMFORTABLY ABOVE MINIMUM REQUIREMENTS Requirements (1) End-Q2 21 ratios End-Q2 21 ratios Including IFRS9 phasing Fully-loaded CET1 9.02% (2) 13.4% 13.2% Total Capital 13.3% 19.2% 19.0% Leverage ratio 3.1% 4.6%(5) 4.5%(5) 19.5% (% RWA) (3) 30.5% (% RWA) 30.3% (% RWA) TLAC 6.0% (% l
Slide 27: Strong CET1
STRONG CET 1 _Q2 21 change in CET 1(1) ratio (in bp) CET 1 AT 13.4% ~ 430bp buffer over MDA at 9.02% +18bp +2bp -28bp ~+18bp ~-13bp H1 21 ORGANIC CAPITAL 13.4% 13.5% 13.4% 13.4% GENERATION AT +44BP(2) IFRS 9 +28bp IFRS 9 phasing +25bp +20bp IFRS 9 POST PROVISION OF phasing phasing DIVIDEND LEVERAGE
Slide 28: TLAC / MREL
GROUP TLAC / MREL TLAC Q2 ratios MREL Q2 ratios Meeting 2021 and 2022 requirements Meeting 2021 and 2022 requirements(2) % RWA (1) % RWA (2) SP 1.6% SP SNP 9.0% T2 (*) 25.2% % Leverage SNP 21.5% AT1 % Leverage 9.0% T2 (*) 19.5% CET 1 AT1 4.0% CET 1 4.0% 2.5% 28.9% 8.9% >5.91% 2.5% 28.9% 6% 6.75% 5.9
Slide 29: Long term funding programme
LONG TERM FUNDING PROGRAMME Long term vanilla funding programme completed giving flexibility to consider 2022 prefunding in H2 2021 EXPECTED LONG TERM FUNDING PROGRAM (1) 2021 funding programme: - c. EUR 14.5bn of vanilla debt, well balanced across the different ~EUR 3.5bn Senior Preferred and Secur
Slide 30: 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 30.06.2021 Subordinated issuances 10% Senior vanilla issuances (public or private 18% Subordinated Debt(2) placements) Senior structured notes distributed
Slide 31: Strengthened funding structure
STRENGTHENED FUNDING STRUCTURE _Loan to Deposit Ratio Robust balance sheet 93% 92% 90% 89% 89% 105% 600 525 Slightly decreasing loan to deposit ratio 506 504 513 537 500 471 463 463 469 479 High quality asset buffers 80% Loans (EUR bn) Comfortable LCR at 136% on average in Q2 21 400 Deposits (EUR bn
Slide 32: Credit rating overview
CREDIT RATING OVERVIEW Good fundamentals S&P: “Diverse business model by geography and _Credit Rating as of August 2021 segment” Moody’s: “Strong franchise and well-diversified universal Fitch Moody’s S&P banking business model” LT/ST Fitch: “The bank's ratings remain supported by a A(dcr) A1(cr)/P-
Slide 33: CSR Strategy
4. CSR STRATEGY
Slide 34: Developing innovative ESG solutions for our clients
DEVELOPING INNOVATIVE ESG SOLUTIONS FOR OUR CLIENTS EMBEDDING ESG ACROSS ACTIVITIES DIVERSIFYING ACROSS GEOGRAPHIES Launch of E&S loan offer in French Retail to accompany Launch of “Solactive Just Transition” Index(1), offering retail clients corporate clients in the financing of their E&S projects
Slide 35: Mapping of 2020 extra-financial ratings
MAPPING OF 2020 EXTRA-FINANCIAL RATINGS AGENCIES BEST SCORE WORST POSITION VERSUS PEERS A1+ D3- TOP 1% ALL COMPANIES 100 68 60 50 30 0 WORLDWIDE AAA AA A BBB BB B CCC TOP 14% BANKS WORLDWIDE 100 79 60 57 54 30 0 TOP DECILE BANKS WORLDWIDE A+ C+ C C- D+ D D- TOP DECILE BANKS WORLDWIDE 0 10 20 25.9 30
Slide 36: Sustainability at the core of Group strategy
SUSTAINABILITY AT THE CORE OF GROUP STRATEGY OUR CORPORATE GROUP STRATEGIC INTEGRATED CORPORATE PURPOSE PLAN APPROACH PURPOSE Clarification of the Group _ All Business and Service Units 3 pillars for the next Corporate Purpose, approved integrating CSR in their Group Strategic by the Board in Januar
Slide 37: Aligning activities with the Principles for Responsible Banking
ALIGNING ACTIVITIES WITH THE PRINCIPLES FOR RESPONSIBLE BANKING KEY ADVANCES MADE BY THE GROUP ONE YEAR AFTER FOUNDING SIGNATURE TO THE PRINCIPLES – for full details see report link below : ✓ Responsibility founded on a groupwide ✓ Second large-scale consultation conducted with Code of Conduct, data
Slide 38: Six strategic CSR priorities
SIX STRATEGIC CSR PRIORITIES CSR PRIORITIES APPROVED CLIMATE BY BOARD RESPONSIBLE CHANGE EMPLOYER Committed to align Developing lending portfolio employee skills, with Paris Agreement SUSTAINABLE adapting to changing Integration of E&S DEVELOPMENT ETHICS & environments risk management OF AFRICA GOVE
Slide 39: Leadership in the energy transition
LEADERSHIP IN THE ENERGY TRANSITION Net Zero Banking Alliance founding member: committed to achieving carbon neutrality in banking portfolios by 2050, aligning with a new reference scenario of 1.5°C CO-CONSTRUCTION AND INNOVATION CLIENT-FOCUSED #1 worldwide in renewable energy advisory, #2 in financ
Slide 40: Supplement
5 SUPPLEMENT
Slide 41: 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 Q2 2 1 Q2 2 0 Q2 2 1 Q2 2 0 Q2 2 1 Q2 2 0 Q2 2 1 Q2 2 0 Q2 2 1 Q2 2 0 Net banking incom e 1,906 1,754 1,989
Slide 42: Half year income statement by core business
GROUP HALF YEAR INCOME STATEMENT BY CORE BUSINESS International Retail Banking Global Banking and Investor French Retail Banking Corporate Centre Group and Financial Services Solutions In EURm H1 21 H1 20 H1 21 H1 20 H1 21 H1 20 H1 21 H1 20 H1 21 H1 20 Net banking incom e 3,753 3,634 3,851 3,714 4,8
Slide 43: Underlying data - reconciliation with reported figures
GROUP UNDERLYING DATA - RECONCILIATION WITH REPORTED FIGURES Net profit or losses Impairment losses Income Q2 21 (in EURm) Operating Expenses from Group net income Business on goodwill tax other assets Reported (4,107) 5 0 (404) 1,439 (+) IFRIC 21 linearisation (203) 49 (151) (+) Transformation char
Slide 44: 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 H1 21 H1 20 H1 21 H1 20 H1 21 H1 20 H1 21 H1 20 H1 21 H1 20 Total IFRIC 21 Im pact - costs -157 -132 -95 -96 -4
Slide 45: CRR2/CRD5 prudential capital ratios
GROUP CRR2/CRD5 PRUDENTIAL CAPITAL RATIOS _Phased-in Common Equity Tier 1, Tier 1 and Total Capital In EURbn 30.06.2021 31.12.2020 Shareholder equity Group share 63.1 61.7 Deeply subordinated notes* (8.9) (8.8) Undated subordinated notes* (0.1) (0.3) Dividend to be paid & interest on subordinated no
Slide 46: CRR2 leverage ratio
GROUP CRR2 LEVERAGE RATIO _CRR2 phased-in Leverage Ratio(1) 30.06.2021 31.12.2020 In EURbn Tier 1 Capital 57.3 56.2 Total prudential balance sheet (2) 1,335 1,309 Adjustement related to derivative exposures (76) (119) Adjustement related to securities financing transactions* 18 6 Off-balance sheet (
Slide 47: Risk-weighted assets
GROUP RISK-WEIGHTED ASSETS* (CRR2/CRD5, IN EUR BN) 360,7 361,5 353,1 Total 134,3 130,9 47,9 49,2 126,8 49,2 21,0 14,1 112,2 111,2 31,9 15,2 Operational 109,2 32,2 103,9 6,8 5,6 31,9 97,4 0,2 5,6 0,2 0,4 Market 5,4 94,9 0,1 13,4 4,4 0,1 4,4 Credit 0,0 20,3 14,8 291,9 288,6 298,2 105,3 103,4 105,2 98,
Slide 48: Geographic breakdown of SG Group commitments
GROUP - GEOGRAPHIC BREAKDOWN OF SG GROUP COMMITMENTS AT 30.06.2021 On-and off-balance sheet EAD* All customers included: EUR 1,053bn Africa and Middle East Latin America and Asia-Pacific Caribbean 4% 5% 1% Others Eastern Europe 0% (excl.EU) 2% Eastern Europe EU 7% France 46% North America 14% Wester
Slide 49: Change in gross book outstandings
GROUP CHANGE IN GROSS BOOK OUTSTANDINGS* _End of period in EUR bn Total 529.4 530.2 538.8 527.7 518.6 520.8 504.6 504.8 507.1 162.4 162.2 167.4 175.7 147.5 154.7 160.9 157.5 158.1 Global Banking and Investor Solutions 135.7 134.2 135.5 136.7 139.9 International Retail 139.8 138.2 135.9 138.5 Banking
Slide 50: Cost of risk
GROUP COST OF RISK ( In EUR m ) Q2 21 Q2 2 0 H1 21 H1 20 Net Cost Of Risk 6 442 129 691 French Retail B anking Gross loans Outstanding 217,710 207,517 217,658 204,328 Cost of Risk in bp 1 85 12 68 Net Cost Of Risk 121 418 263 647 International Retail B anking Gross loans Outstanding 131,344 133,475
Slide 51: Non-performing loans
GROUP NON-PERFORMING LOANS In EUR bn 30.06.2021 31.03.2021 30.06.2020 Performing loans 519.3 512.5 507.8 inc. Stage 1 book outstandings (1) 454.8 442.2 451.1 inc. Stage 2 book outstandings 42.0 47.6 33.9 Non-performing loans 16.7 17.4 17.7 inc. Stage 3 book outstandings 16.7 17.4 17.7 Total Gross bo
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 30 22 23 22 15 Trading VaR* 43 Credit Interest Rates 33 23 18 Equity 16 20 7 10 28 Forex 19 21 14 10 11 19 Commodities 12 11 13 15 15 19 19 20 20 20 17 Compensation Effect 12 3 3 2 3
Slide 53: EPS calculation
GROUP EPS CALCULATION Average number of shares (thousands) H1 21 Q1 21 2020 Existing shares 853,371 853,371 853,371 Deductions Shares allocated to cover stock option plans and free shares awarded to staff 3,466 3,728 2,987 Other own shares and treasury shares - - - Num ber of shares used to calculat
Slide 54: Net asset value, tangible net asset value
GROUP NET ASSET VALUE, TANGIBLE NET ASSET VALUE End of period H1 21 Q1 21 2020 Shareholders' equity Group share 63,136 62,920 61,684 Deeply subordinated notes (8,905) (9,179) (8,830) Undated subordinated notes (62) (273) (264) Interest, net of tax, payable to holders of deeply subordinated notes & u
Slide 55: ROE/ROTE calculation detail
GROUP ROE/ROTE CALCULATION DETAIL End of period Q2 21 Q2 20 H1 21 H1 20 Shareholders' equity Group share 63,136 60,659 63,136 60,659 Deeply subordinated notes (8,905) (8,159) (8,905) (8,159) Undated subordinated notes (62) (283) (62) (283) Interest net of tax payable to holders of deeply subordinate
Slide 56: French Retail Banking: net banking income
FRENCH RETAIL BANKING NET BANKING INCOME _Change _NBI, in EURm Q2 21 vs. Q2 20 1,754 1,836 1,845 1,847 1,906 +8.7% Fees(2) Commissions(2) +5.1% vs. H1 20 Other Income (2) 834 855 856 +9.7% 866 780 Net Interest Margin(1)(2) Net interest margin(1)(2) 52 39 50 66 +288.3% 17 PEL/CEL -2.1% vs. H1 20 Prov
Slide 57: French Retail Banking: customer deposits and financial savings
FRENCH RETAIL BANKING CUSTOMER DEPOSITS AND FINANCIAL SAVINGS _Change Q2 21 vs. Q2 20 _Average outstandings, in EURbn 332 343 +9.1% 349 354 362 Life Insurance +5.7% 96 98 Financial Savings 93 94 93 Mutual Funds EUR 109,8bn +6.3% 12 11 +11.2% 10 12 10 140 143 140 141 +8.1% Sight Deposits(1) 132 Depos
Slide 58: French Retail Banking: loans outstanding
FRENCH RETAIL BANKING LOANS OUTSTANDING _Average outstandings, net of provisions in EURbn _Change Q2 21 vs. Q2 20 216 222 223 221 220 +1.9% +2.0% Housing 109 110 111 112 109 13 13 -4.3% Consumer Credit 13 12 12 and Overdraft 100 99 Business 94 97 96 +2.5% Customers* 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0
Slide 59: 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 In EUR m Q2 2 1 Q2 2 0 C hange Q2 2 1 Q2 2 0 C hange Q2 2 1 Q2 2 0 C hange Q2 2 1 Q2 2 0 C hange Net banking incom e 1,231 1,157 +7.9%* 238 211 +12.8%*
Slide 60: International Retail Banking and Financial Services: half year results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES HALF YEAR RESULTS International Retail Banking Insurance Financial Services to Corporates Total In EUR m H1 21 H1 20 C hange H1 21 H1 20 C hange H1 21 H1 20 C hange H1 21 H1 20 C hange Net banking incom e 2,418 2,450 +1.9%* 474 440 +8.0%* 959 824 +
Slide 61: International Retail Banking: breakdown by region, quarterly
INTERNATIONAL RETAIL BANKING BREAKDOWN BY REGION - QUARTERLY RESULTS Africa, Mediterranean bassin and Total International Retail Western Europe Czech Republic Romania Russia (1) Overseas Banking In M EUR Q2 2 1 Q2 2 0 C hange Q2 2 1 Q2 2 0 C hange Q2 2 1 Q2 2 0 C hange Q2 2 1 Q2 2 0 C hange Q2 2 1 Q
Slide 62: International Retail Banking: breakdown by region, half year
INTERNATIONAL RETAIL BANKING BREAKDOWN BY REGION - HALF YEAR RESULTS Africa, Mediterranean bassin and Western Europe Czech Republic Romania Russia (1) Total International Retail Banking Overseas In M EUR H1 21 H1 20 C hange H1 21 H1 20 C hange H1 21 H1 20 C hange H1 21 H1 20 C hange H1 21 H1 20 C ha
Slide 63: Breakdown of loans and deposits outstanding
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES BREAKDOWN OF LOANS AND DEPOSITS OUTSTANDING _Breakdown of Loans Outstanding (in EURbn) _Breakdown of Deposits Outstanding (in EURbn) _Change _Change June 21 vs. June 20 June 21 vs. June 20 -0.0%* 14.3 17.7 Equipment +3.8%* Finance(1) 1.1 85.8 89.3
Slide 64: Presence in Africa
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES PRESENCE IN AFRICA Clients NBI Net income C/I RWA 4m EUR 0.8bn EUR 86m 62% EUR 22bn (1) H1 21 NBI RWA Credits Deposits L/D ratio Ranking ( In EUR m ) ( In EUR m ) ( In EUR m ) ( In EUR m ) Morocco 232 8,703 8,747 7,348 119% 5th Algeria 68 1,540 1,3
Slide 65: SG Russia
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES SG RUSSIA(1) _SG Russia Results In EUR m Q2 2 1 Q2 2 0 Change H1 21 H1 20 Change Net banking incom e 185 201 +4.0%* 352 412 +0.3%* Operating expenses (113) (125) +0.9%* (228) (267) -0.6%* Gross operating incom e 72 75 +9.2%* 123 145 +2.1%* Net cost
Slide 66: Insurance key figures
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES INSURANCE KEY FIGURES _Life Insurance Outstandings _Personal Protection Insurance Premiums (in EURm) and Unit Linked Breakdown (in EURbn) Change Q2 21 /Q2 20 122.1 122.4 125.6 128.1 130.6 +6.8%* 260 259 266 266 273 Unit Linked 30% 30% 32% 34% 35% E
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 Q2 2 1 Q2 2 0 C hange Q2 2 1 Q2 2 0 C hange Q2 2 1 Q2 2 0 C hange Q2 2 1 Q2 2 0 C hange Net banking in
Slide 68: Global Banking and Investor Solutions: half year results
GLOBAL BANKING AND INVESTOR SOLUTIONS HALF YEAR RESULTS Global Markets and Investor Total Global Banking and Investor Financing and Advisory Asset and Wealth Management Services Solutions I n EUR m H1 21 H1 20 C hange H1 21 H1 20 C hange H1 21 H1 20 C hange H1 21 H1 20 C hange Net banking incom e 3,
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) 67.7 63.2 68.0 24.7 24.0 24.0 12.2 19.0 13.1 24.0 26.1 31.8 Q2 20 Q1 21 Q2 21 Operational _Financing and Advisory (in EURbn) Market _Asset and Wealth Management (in EURbn) Credit 70.0 54.8 54.
Slide 70: Global Banking and Investor Solutions: revenues
GLOBAL BANKING AND INVESTOR SOLUTIONS REVENUES _Global Markets and Investor Services Revenues (in EURm) _Asset and Wealth Management Revenues (in EURm) Securities 5 4 5 5 4 Others Services 40 57 64 47 175 53 160 Lyxor 145 625 Fixed Income and 153 Private 149 470 Currencies 569 414 187 173 171 Bankin
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) 114 114 116 121 126 165 140 154 132 133 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 _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 AWARDS LEAGUES TABLES AND RANKINGS GLOBAL BANKING & ADVISORY GLOBAL MARKETS ASSET&WEALTHMANAGEMENT #1 in the Top 20 Clean Energy Lead Arrangers by deal value Source: Clean Energy Pipeline 2020 TROPHEES LEAD
Slide 73: Financing & Advisory: supporting clients in their transformations
FINANCING & ADVISORY SUPPORTING CLIENTS IN THEIR TRANSFORMATIONS CLIENT PROXIMITY NEOEN EUR 600m rights issue – Financing Neoen’s ambitious EUR 5.3bn INNOVATION Global Coordinator investment plan targeting > 10 GW of capacity in operation or under construction by 2025 PRODUCT EXCELLENCE INDUSTRY EXP
Slide 74: Methodology (1/2)
METHODOLOGY (1/2) 1 – The financial information presented for the second quarter and first semester ended 30 June 2021 was reviewed by the Board of Directors on 2 August 2021 and has been prepared in accordance with IFRS as adopted in the European Union and applicable at this date. These items have
Slide 75: Methodology (2/2)
METHODOLOGY (2/2) 7 – ROE, RONE, ROTE The notion of ROE (Return On Equity) and ROTE (Return On Tangible Equity), as well as the methodology for calculating it, are specified on pages 43 and 44 of Societe Generale’s 2021 Universal Registration Document. This measure makes it possible to assess return
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