Barclays Plc · LSE:BARC
Barclays — Nomura Financial Services Conference 2013
10 slides from Barclays's conference presentation, Nov 21, 2013
Slide 1: Barclays PLC Nomura Financial Services Conference 2013
Barclays PLC Nomura Financial Services Conference 2013 21 November 2013
Slide 2: Eric Bommensath, Co-Chief Executive, Corporate and Investment Banking
Eric Bommensath Co Chief Executive, Co-Chief Executive Corporate and Investment Banking
Slide 3: Investment Bank PBT reflected CTA and reduced income from legacy assets
Investment Bank PBT reflected CTA and reduced income from legacy assets 2013 2012 Change Nine months ended – September (£m) (£m) (%) Income 8,584 9,181 (7) Impairment charges (206) (205) Net operating income 8,378 8,976 (7) Operating expenses (5,373) (5,781) (7) (excluding costs to achieve Transform
Slide 4: Investment Banking and Equities are getting stronger
Investment Banking g and Equities q are g getting g stronger g Investment Banking is making good progress: – Top 3 UK fee share YTD; Top 3 US fee share Q313 – Acting on major M&A/financing deals e.g. Verizon, Royal Mail – 39 Corporate Broking mandates, including three recent wins – Good pipeline i
Slide 5: Barclays is a leader in FICC flow products
Barclays y is a leader in FICC flow products p Top 3 across key flow products Selective approach to other products Barclays FICC revenue rankings Barclays FICC revenue rankings 2011 2012 2011 2012 Fl Flow C Credit dit Distressed d Credit d Investment Grade Credit Other Structured Credit High Yield C
Slide 6: Reduction of Exit Quadrant assets has been accelerated
Reduction of Exit Quadrant assets has been accelerated Income from Exit Quadrant assets down £242 million Q313 vs Q312 Exit Quadrant RWAs (£bn) Portfolio assets excluding derivatives1 Pre CRD-IV rates 79 C Corporate/monoline t / li derivatives d i ti 11 14 34 25 40 4 16 Targeted 34 reduction 36 20 i
Slide 7: Focus on Group Leverage Exposure reduction
Focus on Group Leverage Exposure reduction Group Leverage Exposure as at 30 Sept 13 Refine capital allocation framework → Overall balance £1,481bn risk-weighted measures supplemented by leverage Sheet management lens Key Exposure Categories Enhance netting arrangements D i ti Derivatives £364b £36
Slide 8: IB cost initiatives – delivering the change
IB cost initiatives – delivering the change 1) Implementation of structural changes outlined in February – £175m of CTA YTD off c. £600m £600 allocated ll t d to t the th IB 2) c.750 headcount reduction in Q113 contributing to a more productive f front office ff 3) Functionalisation across the Group
Slide 9: Closing comments
Closing comments Barclays Investment Bank is in a position of strength Monetising investments Diversifying business mix Firm grip on RWAs, RWAs leverage and cost Confident in our ability to continue our evolution 7 | Nomura Financial Services Conference | 21 November 2013
Slide 10: Q&A
Q&A Eric Bommensath – Co Co-Chief Chief Executive, Executive CIB Charlie Rozes – Head of Investor Relations