Credit Agricole Sa · EURONEXT:ACA

Credit Agricole Sa — Q3 2021 Earnings Presentation

19 slides from Credit Agricole Sa's earnings presentation, Nov 10, 2021

  1. Slide 1: Working every day in the interest of our customers and society

    WORKING EVERY DAY IN THE INTEREST OF OUR CUSTOMERS AND SOCIETY RESULTS For the 3rd quarter and first nine months of 2021

  2. Slide 2: Third quarter 2021 results: Philippe Brassac

    Working every day in the interest of our customers and society Philippe Brassac THIRD quarter 2021 results • Record-high results, related to the favourable context... ... unparalleled consistency, thanks to our model • The Group’s solvency and CASA’s profitability among the best of European banks •

  3. Slide 3: Crédit Agricole Group results

    Crédit Agricole Group results Q3 2021 9M 2021 Stated net income €2,222m €6,746m group share +25.7% Q3/Q3 +62.2% 9M/9M Specific items -€12m €545m Underlying net income €2,235m €6,201m group share +15.6% Q3/Q3 +31.9% 9M/9M Underlying Revenues €8,972m €27,350m +6.1% Q3/Q3 +7.8% 9M/9M -€16,443m Operatin

  4. Slide 4: Crédit Agricole S.A. results

    Crédit Agricole S.A. results Q3 2021 9M 2021 Stated net income €1,402m €4,416 group share +43.5% Q3/Q3 +71.9% 9M/9M Specific items -€12m €454m Underlying net €1,414m €3,962m income group share +26.7% Q3/Q3 +37.9% 9M/9M Underlying €5,535m +4.4% Q3/Q3 €16,872m Revenues +7.6% Q3/Q3 at constant scope(2)

  5. Slide 5: Steady revenue growth and excellent operational efficiency

    Steady revenue growth and excellent operational efficiency Crédit Agricole S.A. quarterly underlying revenues over the past five years Crédit Agricole S.A. underlying cost/income ratio excl. SRF PNB : CROISSANCE T/T DEPUIS 2017 61,8% T1/T1 T2/T2 T3/T3 T4/T4 60,8% 60,5% 5 829 5 508 5 535 5 299 59,2%

  6. Slide 6: Profitability and solidity among the best of the sector in Europe

    Profitability and solidity among the best of the sector in Europe Underlying ROTE(1) 9M-21 of 13.1% Crédit Agricole Group Underlying RoTE(1) since 2017 Solvency Solvency 17.4% (Phased-in +8.5 pp above SREP 14.3% (Phased-in CET 1) requirements(3) 13.2% 12.9% 13.5% 13.0% 13.6% 13.1% CET 1) 12.5% 12.7%

  7. Slide 7: Strength of the Universal Customer-focused Banking model

    Strength of the Universal Customer-focused Banking model Constantly renewed organic growth potential … enhanced by acquisitions and partnerships (Creval, Lyxor, Olinn(8)) and the launch of new activities (Azqore(9) Amundi Technology(10) and CA Mobility) (1) Market share of UCITS in France at end-Dec

  8. Slide 8: Shareholder friendly remuneration over time

    CRÉDIT CRÉDIT AGRICOLE AGRICOLE S.A. GROUP Shareholder friendly remuneration over time Final step in the simplification of Crédit Agricole S.A.’s capital structure Unwinding of Share buybacks the switch Dividends mechanism o 21/09/2021: end of the first share o 01/03/2021: unwinding of 15% of the o

  9. Slide 9: Societal Project: creating the conditions for a new model of prosperity

    Creating the conditions for a new model of prosperity, that will result in progress for all. This is the aim of our Societal Project. Presentation of the Group’s societal commitments for climate, for agriculture and the agri-food industry, and for social cohesion December 1st 2021 9

  10. Slide 10: Third quarter 2021 results: Jérôme Grivet

    Working every day in the interest of our customers and society Jérôme Grivet THIRD QUARTER 2021 THIRD quarter 2021 resultsRESULTS Strong increase in results across all Group business lines 10

  11. Slide 11: An excellent level of activity and customer capture

    CRÉDIT AGRICOLE S.A. CRÉDIT AGRICOLE GROUP An excellent level of activity and customer capture Retail banking (France & Italy) gross customer capture – Crédit Agricole Group 1 366 000 1 311 000 1 113 000 9 M- 2 019 9M- 20 20 9M- 20 21 Property and casualty insurance Loan production(1) (RB and LCL –

  12. Slide 12: Regional Banks: revenues up sharply thanks to strong activity

    GROUPE CRÉDIT AGRICOLE REGIONAL BANKS Revenues up sharply thanks to strong activity Underlying data Strong activity, high customer capture and increase in the equipment rate Q3 2021 o Loans outstanding: +6.3% Sept./Sept. Loan production +14.5%(1) Q3/Q3. +3.0% Revenues €3,408m o Customer savings: +7.

  13. Slide 13: Strong surge in results driven by the increase in revenues

    CRÉDIT AGRICOLE S.A. CRÉDIT AGRICOLE S.A. Strong surge in results driven by the increase in revenues Underlying data Q3 2021 9M 2021 Increase in revenues driven by strong activity Revenues €5,535m €16,872bn at constant scope(2) +4.4% Q3/Q3 and +7.3% 9M/9M +7.6% Q3/Q3 +9.1% 9M/9M Increase in expenses

  14. Slide 14: Asset quality and cost of risk

    GROUPE CRÉDIT AGRICOLE CRÉDIT AGRICOLE S.A. ASSET QUALITY AND COST OF RISK Continued increase in the coverage ratio Cost of risk at a historical low NPL Créditratio (1) Agricole S.A. Coverage ratio(1) Crédit Agricole S.A. Crédit Agricole S.A. Crédit Agricole Group Crédit Agricole S.A.(1) Crédit Agri

  15. Slide 15: Retail banking: strong customer capture and momentum

    CRÉDIT AGRICOLE S.A. BUSINESS LINES Retail banking: strong customer capture and momentum, improved gross operating income LCL CRÉDIT AGRICOLE ITALY INTERNATIONAL o Customer capture +84,000 new customers in Q3 o Increase in loans outstanding(5) +1.4% Q3/Q3 o Increase in loans outstanding(6) driven by

  16. Slide 16: Asset gathering: increase in net inflows, Lyxor closing scheduled for Q4

    CRÉDIT AGRICOLE S.A. BUSINESS LINES Asset gathering: increase in net inflows, Lyxor closing scheduled for Q4 CREDIT AGRICOLE ASSURANCES AMUNDI Wealth management o Savings/Retirement: strong momentum in net inflows o AUM of €1,811bn, +8.9% Q3/Q3 o Strong revenues: +6% Q3/Q3, (+€1.1bn). Share of unit

  17. Slide 17: Large customers: strong increase in results

    CRÉDIT AGRICOLE S.A. BUSINESS LINES Large customers: strong increase in results CACIB CACEIS o Strong increase in financing activities revenues +13.0% Q3/Q3, +9.2% o Increase in Assets under Custody (AuC) +9% Sept./Sept. Q3/Q3 19 and +16.6% at constant exchange rates. and under Administration (AuA)

  18. Slide 18: Specialised Financial Services: launch of long-term leasing activity in France

    CRÉDIT AGRICOLE S.A. BUSINESS LINES Specialised Financial Services: launch of long-term leasing activity in France CA CF CAL&F o Loan production at pre-crisis levels o Sustained production: • managed assets +2% Sept./Sept, driven by international(1) (+14%)  France and international leasing book +4.

  19. Slide 19: Résultats du 2e trimestre et du 1er semestre 2021

    19 RESULTATS DU DU 2E TRIMESTRE ET DU 1ER SEMESTRE 2021

Credit Agricole — Q3 2021 Earnings Presentation on 6ix