Standard Chartered Plc · LSE:STAN
Standard Chartered — Q1 2019 Earnings Presentation
6 slides from Standard Chartered's earnings presentation, Sep 16, 2019
Slide 1: Q119 performance update
Q119 performance update Standard Q@&° Chartered s
Slide 2: On the right path to achieve our financial targets
On the right path to achieve our financial targets… • Q119 performance gives us confidence that we are on the right path to achieve our financial targets • Financial performance highlights: ▪ Underlying profit before tax of $1.4bn up 10%; or up 12% on a constant currency basis ▪ Operating income of
Slide 3: Financial performance highlights
Financial performance highlights ($m) Q119 Q418 Q118 QoQ YoY Q418 Q118 • Solid performance in conditions less buoyant than at the start of Q118 Better/(Worse) % Operating income 3,813 3,595 3,873 6 (2) Operating expenses1 (2,415) (2,512) (2,469) 4 2 • Positive income-to-cost jaws on both a reported
Slide 4: Client segment & geographic region income
Client segment & geographic region income 1 1 Q119 ($m) YoY (%) Q119 ($m) YoY (%) Corporate & Institutional 1,790 3 Greater China & North Asia 1,527 (2) Banking Retail Banking 1,265 (6) ASEAN & South Asia 1,046 (3) Commercial Banking 371 6 Africa & Middle East 708 4 Private Banking 149 3 Europe & Am
Slide 5: CET1 lower as profits offset by RWA growth
CET1 lower as profits offset by RWA growth CET1 ratio (%) • CET1 ratio ~30bps lower on FY18 ~30bps • Profits net of dividends were offset by -0.1 an increase in RWA 0.3 0.2 • Further and final charge of $186m to -0.5 resolve legacy conduct & control issues 0.3 reduced the CET1 ratio by 7bps 14.2 0.0
Slide 6: Standard Chartered Group – simplified legal structure
Standard Chartered Group – simplified legal structure Medium Term Senior Standard Chartered PLC Tier-2 BBB+/A2/A Legacy Tier-1 and CRR AT1 (S&P/Moody’s/Fitch) Equity Medium Term Senior Standard Chartered Bank SCB Hong Kong Structured Products CP/CD A/A1/A+ A+/A1/- Legacy Tier-2 Structured Products (