Barclays Plc · LSE:BARC
Barclays — Debt Investor Presentation (February 2018)
69 slides from Barclays's debt investor presentation, Feb 22, 2018
Slide 1: Barclays PLC Fixed Income Investor Presentation
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Barclays PLC Fixed Income Investor Presentation FY 2017 Results Announcement 22 February 2018 | Barclays FY 2017 Fixed Income Investor Presentation
Slide 2: Strategy, Targets and Guidance
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Strategy, Targets and Guidance | Barclays FY 2017 Fixed Income Investor Presentation 1 (From prior page) This presentation must be read and construed with all
Slide 3: Diversified Transatlantic Consumer and Wholesale Bank
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Diversified Transatlantic Consumer and Wholesale Bank Move from restructuring to shareholder returns Restructuring completed in 2017 Focus on improved returns
Slide 4: Now focused on profitability and returning capital to shareholders
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Now focused on profitability and returning capital to shareholders Group targets Revised dividend policy >9% in 2019 2017: 3.0p dividend RoTE1 Dividend >10% i
Slide 5: Operating costs: reconfiguring the cost base
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Operating costs: reconfiguring the cost base… Group costs (£bn)1 2017 costs Reduced Group costs by 5% YoY in 20171 5% 2017 cost base in line with guidanc
Slide 6: …to improve efficiency and profitability
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM …to improve efficiency and profitability Current Improving mix of spend Future Digital and data capabilities £14.2bn Electronic Rates trading platform M
Slide 7: Impacts of US tax reform and IFRS 9
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Impacts of US tax reform and IFRS 9 Tax rate IFRS 9 Guidance Estimated impacts2 US federal corporate income tax rate Increase in impairment stock of £2.8b
Slide 8: Performance
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Performance | Barclays FY 2017 Fixed Income Investor Presentation
Slide 9: Operational highlights: improved profitability in 2017
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Operational highlights: improved profitability in 2017 FY17 Group highlights Barclays UK Continued support for the UK with gross lending of £30bn3 Income 2
Slide 10: FY17 Group highlights
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM FY17 Group highlights A year of strong strategic progress and improved profitability Financial performance Strategic milestones achieved ahead of schedule I
Slide 11: Q417 Group highlights
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Q417 Group highlights Improved operational efficiency and capital strength Financial performance Continued capital accretion Income 1% • CET1 ratio up 20bp
Slide 12: Q417 Barclays UK results
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Q417 Barclays UK results Growth in customer balances, with disciplined pricing and prudent risk management Financial performance Q416 Q117 Q217 Q317 Q417 YoY
Slide 13: Barclays UK: Significant opportunity with our 24 million customers by leveraging digital and data
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Barclays UK: Significant opportunity with our 24 million customers by leveraging digital and data Significant growth in digital banking – YoY Developments On
Slide 14: Q417 Barclays International results
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Q417 Barclays International results CIB impacted by low levels of volatility, while CC&P benefitted from the repositioning of US Cards Financial performance
Slide 15: Q417 Barclays International: Corporate & Investment Bank results
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Q417 Barclays International: Corporate & Investment Bank results Resilient income performance despite low market volatility and strong prior year comparator F
Slide 16: Q417 Barclays International: Consumer, Cards & Payments results
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Q417 Barclays International: Consumer, Cards & Payments results Investing for growth across CC&P, while repositioning to a lower risk mix in US Cards Financia
Slide 17: Head Office
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Head Office Post Non-Core integration Q416 Q117 Q217 Q317 Q417 Negative income in Q417 reflected the net impact of treasury operations 84 6 Q417 operating
Slide 18: Capital & Leverage
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Capital & Leverage | Barclays FY 2017 Fixed Income Investor Presentation
Slide 19: Further improved CET1 and leverage ratios
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Further improved CET1 and leverage ratios Fully loaded CET1 ratio • CET1 ratio increased by 90bps in the year to 13.3% driven largely by: 90bps − c.90bps of o
Slide 20: Capital strength
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Capital strength Within our end-state CET1 ratio target range CET1 ratio progression in Q417 26bps 4bps 24bps c.13% 11bps 13.3% 1.5-2.0% Management buffer1 20
Slide 21: Managing capital position above mandatory distribution restrictions and stress test hurdles
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Managing capital position above mandatory distribution restrictions and stress test hurdles Barclays’ expected MDA thresholds and systemic reference points fo
Slide 22: Managing evolving future minimum CET1 levels
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Managing evolving future minimum CET1 levels Illustrative evolution of minimum CET1 requirements and buffers Minimum CRD IV CET1 requirement Countercyclical B
Slide 23: Transition to CRD IV capital structure well established
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Transition to CRD IV capital structure well established Illustrative evolution of CRD IV capital structure Well managed and balanced total capital structure 2
Slide 24: ADI position supports strong distribution capacity
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM ADI position supports strong distribution capacity Distribution capacity as at 31 December 2017 (£m) Distributable items ADI BPLC dividend payments BPLC AT1 c
Slide 25: IFRS 9 guidance
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM IFRS 9 guidance Estimated IFRS 9 impact1 (based on 31 December 2017 numbers) Estimated impact TNAV2 CET1 • Estimated TNAV reduction of c.13p per share, based
Slide 26: Leverage requirements
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Leverage requirements Requirements Disclosure obligations Basis of preparation 01 Jan 2018 01 Jan 2019 01 Jan 2022 FY17 Q118 onwards Today 01 Jan 20223 Pillar
Slide 27: MREL, Funding and Liquidity
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM MREL, Funding and Liquidity | Barclays FY 2017 Fixed Income Investor Presentation
Slide 28: MREL issuance remains on track
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM MREL issuance remains on track HoldCo MREL position and requirement including requisite buffers Well advanced on HoldCo issuance plan 2018 issuance plan – cur
Slide 29: Proactive transition to HoldCo capital and funding model
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Proactive transition to HoldCo capital and funding model HoldCo issuance by year1 Senior unsecured T2 AT1 Total: £11.5bn • The Group has continued to make str
Slide 30: Continued progress on transition to HoldCo capital and funding model
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Continued progress on transition to HoldCo capital and funding model PRA transitional regulatory capital Outstanding term vanilla senior unsecured debt (£bn)
Slide 31: High level of liquidity with a conservatively positioned liquidity pool
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM High level of liquidity with a conservatively positioned liquidity pool LCR continues to remain in prudential surplus • Liquidity pool increased £55bn in the
Slide 32: Robust group funding profile
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Robust group funding profile Improved loan: deposit ratio (based on total retail and corporate funding) Conservative and stable funding profile (£bn) L&A to c
Slide 33: Wholesale funding composition as at 31 December 2017
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Wholesale funding composition as at 31 December 20171 <1 1-3 3-6 6-12 Total 1-2 2-3 3-4 4-5 As at 31 December 2017 (£bn) >5 years Total month months months mo
Slide 34: Structural Reform
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Structural Reform | Barclays FY 2017 Fixed Income Investor Presentation
Slide 35: Simplifying our business divisions for structural reform
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Simplifying our business divisions for structural reform Barclays PLC Barclays PLC1 Barclays UK Barclays International Head Office1 UK consumer and business b
Slide 36: Continued progress on Group legal structure
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Continued progress on Group legal structure Barclays PLC Barclays International Barclays UK constructs and Head Office1 Divisional UK consumer and business ba
Slide 37: Anticipated funding sources of future UK ring-fenced bank and Barclays Bank PLC
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Anticipated funding sources of future UK ring-fenced bank and Barclays Bank PLC (and subsidiaries) Barclays PLC Barclays UK Barclays International and Head Of
Slide 38: Structural Reform Programme
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Structural Reform Programme Final phase of ring-fencing execution and plans in place to serve EU clients post Brexit Ring-fencing requirements: Brexit prepara
Slide 39: P&L bridge from BPLC consolidated to pro forma BBPLC post ring-fencing
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM P&L bridge from Barclays PLC (BPLC) consolidated to pro forma Barclays Bank PLC (BBPLC) post ring-fencing BPLC BPLC to BBPLC BBPLC Less pro forma Pro forma FY
Slide 40: Breakdown of pro forma BBUKPLC and BBPLC P&Ls post ring-fencing
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Breakdown of pro forma BBUKPLC and BBPLC P&Ls post ring-fencing o/w Head Office o/w Head Office o/w o/w o/w H117 Pro forma division and other Pro forma divisi
Slide 41: Balance Sheet bridge to pro forma BBUKPLC and BBPLC post ring-fencing
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Balance Sheet bridge to pro forma BBUKPLC and BBPLC post ring-fencing BPLC to o/w o/w BPLC BBPLC FY17 (£m) BBPLC pro forma pro forma consolidated consolidated
Slide 42: Asset Quality
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Asset Quality | Barclays FY 2017 Fixed Income Investor Presentation
Slide 43: Stable underlying trends reflect prudent approach to credit risk management
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Stable underlying trends reflect prudent approach to credit risk management Retail CRL % of Gross L&A Prudent risk management Dec-16 Dec-17 CRL coverage • Rem
Slide 44: Credit Ratings
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Credit Ratings | Barclays FY 2017 Fixed Income Investor Presentation
Slide 45: Ratings remain a key strategic priority
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Ratings remain a key strategic priority Current Senior Long and Future ratings expectations of BBUKPLC and BBPLC Fitch Moody’s Standard and Poor’s • Rating ag
Slide 46: Barclays rating composition for senior debt
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Barclays rating composition for senior debt Fitch Moody’s Standard & Poor’s BPLC BBPLC BBUKPLC BPLC BBPLC BBUKPLC BPLC BBPLC BBUKPLC Viability Rating1 a a a B
Slide 47: Barclays rating composition for subordinated debt
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Barclays rating composition for subordinated debt Fitch Moody’s Standard & Poor’s Baseline Stand-alone Viability Stand-Alone a a Credit baa2 bbb+ rating Ratin
Slide 48: Appendix
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Appendix | Barclays FY 2017 Fixed Income Investor Presentation
Slide 49: Material and other items – FY17 and Q417 vs. prior year
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Material and other items – FY17 and Q417 vs. prior year Material items (£m) FY17 FY16 Q417 Q416 Income Own credit1 - (35) - 46 Head Office Gain on the disposa
Slide 50: FY17 Group results
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM FY17 Group results Year ended (£m) 2017 2016 % change FY17 performance metrics Income 21,076 21,451 (2%) • Income declined 2% to £21.1bn reflecting a £613m de
Slide 51: FY17 Barclays UK and Barclays International results
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM FY17 Barclays UK and Barclays International results Barclays UK Barclays International Year ended (£m) 2017 2016 % change Year ended (£m) 2017 2016 % change –
Slide 52: FY17 Corporate & Investment Bank and Consumer, Cards & Payments results
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM FY17 Corporate & Investment Bank and Consumer, Cards & Payments results Corporate & Investment Bank Consumer, Cards & Payments Year ended (£m) 2017 2016 % cha
Slide 53: FY17 Head Office results
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM FY17 Head Office results Business performance Year ended (£m) 2017 2016 1 Income (159) 103 Impairment (17) - – Operating expenses (277) (135) (excluding UK ba
Slide 54: Q417 Group results
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Q417 Group results Three months ended (£m) Dec-17 Dec-16 % change Q417 performance metrics Income 5,022 4,992 1% • Income increased 1% to £5.0bn, as lower los
Slide 55: Q417 Barclays UK results
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Q417 Barclays UK results Business performance Q417 performance metrics Three months ended (£m) Dec-17 Dec-16 % change • Income was broadly stable – Personal B
Slide 56: Q417 Barclays International results
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Q417 Barclays International results Business performance Q417 performance metrics Three months ended (£m) Dec-17 Dec-16 % change • Income decreased 8% to £3.3
Slide 57: Q417 Barclays International: Corporate & Investment Bank results
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Q417 Barclays International: Corporate & Investment Bank results Business performance Q417 performance metrics Three months ended (£m) Dec-17 Dec-16 % change
Slide 58: Q417 Barclays International: Consumer, Cards & Payments results
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Q417 Barclays International: Consumer, Cards & Payments results Business performance Q417 performance metrics Three months ended (£m) Dec-17 Dec-16 % change •
Slide 59: Q417 Head Office results
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Q417 Head Office results Business performance Q417 performance metrics Three months ended (£m) Dec-17 Dec-16 • Loss before tax was £365m Income1 (167) (9) • I
Slide 60: Non-Core
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Non-Core • The Non-Core segment was closed on 1 July 2017 with the residual assets and liabilities reintegrated into Barclays UK, Barclays International and H
Slide 61: Income and margins – Q417
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Income and margins – Q417 NII (£m) – Three months ended Dec-17 Dec-16 % change Q417 performance metrics – Barclays UK 1,540 1,502 3% • Combined Barclays UK an
Slide 62: Q417 Barclays UK income
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Q417 Barclays UK income Income (£m) – Three months ended Dec-17 Dec-16 % change Q417 performance metrics NII 1,540 1,502 3% • NIM decreased 24bps to 332bps du
Slide 63: Interest rate sensitivity
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Interest rate sensitivity Illustrative sensitivity of Group NII to a 100bps parallel upward shift in interest rates1 Change in NII (£m) Commentary / assumptio
Slide 64: UK approach to resolution
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM UK approach to resolution Illustrative UK resolution loss allocation waterfall assuming multiple OpCos1 OpCo waterfall Intercompany investments HoldCo waterfa
Slide 65: Abbreviations
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Abbreviations AFS Available for sale L&A Loans and advances £ GBP Great British Pound BAGL Barclays Africa Group Limited LBT Loss before tax $ USD United Stat
Slide 66: Index
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Index Version 3 Strategy, Targets and Guidance 2 Capital & Leverage 18 • Diversified Transatlantic Consumer and Wholesale Bank 3 • Further improved CET1 and l
Slide 67: Index
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Index Version 2 Structural Reform 34 Appendix 48 • Simplifying our business divisions for structural reform 35 • Material and other items – FY17 and Q417 vs.
Slide 68: Contact – Debt Investor Relations Team
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Contact – Debt Investor Relations Team Lisa Bartrip James Cranstoun Dan Colvin Alysha Jamani +44 (0)20 7773 0708 +44 (0)20 7773 1630 +44 (0)20 7116 6533 +44 (
Slide 69: Disclaimer
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Disclaimer Important Notice The information, statements and opinions contained in this presentation do not constitute a public offer under any applicable legi
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