Barclays Plc · LSE:BARC
Barclays — IPO Roadshow (December 2013)
23 slides from Barclays's IPO roadshow presentation, Dec 2, 2013
Slide 1: Free Writing Prospectus - Euro AT1 Contingent Convertible Securities Investor Presentation
Free Writing Prospectus Filed Pursuant to Rule 433 Reg. Statement No. 333-173886 Free Euro Filed Reg. AT1 2Investor Writing Statement Pursuant December presentation Contingent Prospectus toNo. Rule 2013 333-173886 Convertible 433 Securities
Slide 2: Executive Summary
12 We EXECUTIVE CAPITAL AT1 Executive APPENDIX Building Offering Equity Rationale and in Capital -equiv. excess Please Transition Perpetual SEC-registered Ł5.8bn End-state our cost SECURITIES continue 30 based see of Tier position Assuming |perspective. -rights End-stateon September 9% -summary Conv
Slide 3: End-state capital structure
13As EXECUTIVE CAPITAL End-state APPENDIX Our Total 17.8% T2 Ł14.9bn Ł9.1bn 1.5% AT1 Internal 2.0% 9% 11.3% Capital Ł42.0bn 4.5% Barclays (CRD Please 5.0% While“target” SECURITIES capital 10.5% G-SII CET1 November CET1 minimum III) “internal without this as while 50bps part 7% see target part 2% CT1
Slide 4: Non-dilutive AT1 capital structure
1Non-dilutive EXECUTIVE CAPITAL Value APPENDIX AT1 Example Art. 3.375% 60% 40% 2.25% 129 20% 131 1.125% 0% 1.5% Restrictions CET1 4.5% to Capital 6.0% meet Please meet an0% 4 bankand of 141 SECURITIES contingent 4.5% T1 AT1 InclusionCET1 of Art. CET1 calculated aif Expressed (CET1 In CBR1 Below AT1n
Slide 5: Capital requirements and CET1 trajectory
1glossary EXECUTIVE CAPITAL AT1 Mitigating APPENDIX Mandatory CBR Between Barclays CET1 10.5% 12% As 10% 9.6% 7.9% 9% 8% 1.5% 7% 6% 1.9% 0.5% 4% 0.6% 4.5% 2% Distributions Estimated To 7% MDA at Trajectory 2.0% 1.0% 3.5% SECURITIES 2 ThisSep is Minimum Capital 2.5% 1.3% 4.5% 1requirements2 5meeting1
Slide 6: Managing AT1 distributions
EXECUTIVE CAPITAL AT1 Managing APPENDIX Barclays’ In Rights include: Targeted Ordinary Variable Board prospectus expectation dividends, However, Barclays distribution £m 5,000 ³2613,000 addition OldTotal SECURITIES Hybrid Distributions intention Relateissue |As stylecompensation asset/business Bank
Slide 7: On-going capital requirements
EXECUTIVE CAPITAL On-going APPENDIX Both 17.0% Total end-state T2 unsecured 2% 1.5% AT1 CRR 9% 2.0% G-SII 7% Capital 2.5% Buffer -Conservation 4.5% While CET1 Barclays capital 7Please Pillar would | AT1 /1 contingent CCyB Senior -SECURITIES the Pillar capital --Pillar January absolute see also Based
Slide 8: Summary of key terms
EXECUTIVE CAPITAL AT1 APPENDIX Issuer Expected Currency Subordination PLC. Maturity Interest quarterly years Capital event Automatic trigger and Depository Offer combination The Convertible time Conversion Share 8Please automatically Conversion SECURITIES contingent of Subordinated thereafter is CET
Slide 9: Summary of key terms (continued)
EXECUTIVE CAPITAL AT1 APPENDIX Contractual of should proposed Tax amounts for were regulations Capital Regulatory regulatory in, Denominations Listing Governing 9Please | UK AT1 or United call SECURITIES contingent written counting bail-in refer see be SIX Contingent Securities At or amendments wors
Slide 10: Risk factors associated with investing in AT1 securities
EXECUTIVE CAPITAL AT1 APPENDIX Risks cancel convert irrevocably unpredictable, Securities which, significant changes Factors Barclays dated Please 10 | AT1 SECURITIES contingent September Associated interest refer see among in into (including Contingent Bank PLC’s securities will are the slide PLANS
Slide 11: Appendix
EXECUTIVE CAPITAL AT1 11 Appendix APPENDIX | AT1 SECURITIES Contingent PLANS REQUIREMENTS SUMMARY Convertible Securities | 2 December 2013
Slide 12: Conversion mechanism and settlement timeline
EXECUTIVE CAPITAL AT1 APPENDIX Upon Shares As £1.65, -In stability Thereafter, To On Securities T PRA, and Trigger If Conversion Please Transferability Suspension All Settlement 12If=elected, the determining |maintain set the elected, clearance AT1 0trustee SECURITIES Max securities aunlikely out th
Slide 13: Barclays leverage delivery
1133.0 EXECUTIVE Barclays Delivery Leverage > 0.1 H1 2.2 0.4 The Underwritten 12.8bn: Reduction Already No Continue Issuance Retention Please |material 2013 0.1 Leverage AT1 see identified Reflects of Rights Leverage to ratios of slide ofup 3% support impact earnings leverage rights Plan SUMMARY toP
Slide 14: Estimated CRD IV CET1 ratio
EXECUTIVE Estimated1 Łbn CT1 Conversion Goodwill Expected Deferred Adjustments impacted provisions transitional Gains Non-significant Mitigation Credit CRD on Other Gross RWAs CET1 Rights Estimated 1Please 14Estimated |RWAs AT1 30 Capital Ratio IV 11.7 on impact Capital Ratio Valuation see (CRD issu
Slide 15: Estimated CRD IV transitional impact
EXECUTIVE CAPITAL AT1 APPENDIX Estimated CRD We final In Capital Transitional losses are Announcement with As identified The holding be to Please 15 Absa. August deemed |at 0% have AT1 PVA EBA impact SECURITIES the impact IV, 30 are see in Resources companies PRA. September Contingent estimated mode
Slide 16: Estimated CRD IV RWAs
EXECUTIVE CAPITAL AT1 APPENDIX It The Estimated ‘Other’ institutions, RWAs Please 16 is| AT1 assumed estimated SECURITIES see are CRD Contingent CRD capital RWAs sensitive slide PLANS REQUIREMENTS other IV that all SUMMARY RWA 19 IV Central impacts for ratios corporates, counterparty for capital to
Slide 17: Structural comparison with other AT1 issues
117 EXECUTIVE CAPITAL AT1 Structural APPENDIX Issuer Issue Español Tenor Size Discretionary, cumulative Interest Mandatory can 5.125% trigger 6% Loss mechanism EUR Conversion the Offering Clawback Listing BB [BB+] Rating [B+] Ba3 Please 2 |time Tier (Fitch) apply (Moody’s) EUR SECURITIES absorption
Slide 18: Key assumptions
EXECUTIVE CAPITAL AT1 KEY Key APPENDIX These Interest Minimum Capital G-SII Adjusted For As We Please 18 |part have estimated assumed illustration calculation AT1 assumptions SECURITIES RISKS buffer assumptions see conservation of payments Contingent excluded Q3 Transform, our CET1 slide PLANS REQUI
Slide 19: Glossary
EXECUTIVE CAPITAL AT1 AT1: Glossary APPENDIX CET1: CBR: CCyB: CRD: CRR: EBA: FSA: FSB: G-SII: ICB: MDA: MREL: PLAC: PRA: PVA: RCI: RRD: RWA: TON: T1: T2: 19 | Tier AT1 SECURITIES Additional Independent Reserve Financial Prudential European Combined Capital Tier Recovery Risk Global Maximum Common Co
Slide 20: Disclaimer
EXECUTIVE CAPITAL AT1 Disclaimer APPENDIX not and supplement offering at Prospectus Preliminary This Article whom available this 20 (http://www.sec.gov). | be AT1 Exchange document SECURITIES presentation reproduced it19(5) of may Contingent toREQUIREMENTS PLANS the Supplement relating relevant Pros
Slide 21: Forward-looking Disclaimer
EXECUTIVE CAPITAL AT1 Forward-looking Disclaimer APPENDIX This Act forward-looking by “estimate,” income banking for affected practices and effects issued future the currently differ materially Supplement 2013, Any events. contained consult 21 |the future policies application AT1 of other forward-lo
Slide 22: Disclaimer (continued)
EXECUTIVE CAPITAL AT1 Disclaimer APPENDIX Certain Capital not on set calculation basis CRD currently CET1 Estimated the slide 22 |CRD out CET1 cash yet AT1 SECURITIES 14 that IV ratio in required Requirements non-IFRS for received IV is CET1 risk Contingent applies Part currently ratio CET1 PLANS RE
Slide 23: Contact
EXECUTIVE CAPITAL AT1 Contact APPENDIX Steven Treasury steven.penketh@barclays.com Investor Charlie charlie.rozes@barclays.com Capital Peter +44 peter.jurdjevic@barclays.com Website 23 | AT1 (0)20 SECURITIES Jurdjevic Penketh Products Rozes Information http://group.barclays.com/about-barclays/invest