Standard Chartered Plc · LSE:STAN
Standard Chartered — Investor Day (May 2026)
22 slides from Standard Chartered's investor day presentation, May 19, 2026
Slide 1: Investor Event: Financial roadmap to 2028 and beyond
Investor Event Financial roadmap to 2028 and beyond Manus Costello Interim Group Chief Financial Officer 19 May 2026
Slide 2: From structural trends to financial framework
From structural trends to financial framework The emergence of Digital transformation The changing role Rising wealth The transition a multi-polar and and evolving client of banks in serving participation reshaping economy and multi-aligned world expectations the real economy capital markets sustain
Slide 3: Primed for a new phase of growth
Primed for a new phase of growth Reposition Execute Compound Income 2015-2020 2020-2025 2025-2030 Expenses Income CAGR: (1%) Income CAGR: 7% Expenses CAGR: (1%) Expenses CAGR: 5% 25 20 15 10 5 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20261 2028 2030 1. 2026 guidance unchanged, see appe
Slide 4: We delivered our 2026 plan a year early
We delivered our 2026 plan a year early 2023-2025 EPS growth RoTE improvement Income growth TNAV per share growth 80% 3.5%pts 16% 24% 11% 18% 37% 0.7%pts Standard Peer average Standard Peer average Standard Peer average Standard Peer average Chartered Chartered Chartered Chartered #1 #1 #1 #2 Announ
Slide 5: 2028 financial targets
2028 financial targets >15% RoTE in 2028 and ~18% in 2030… …leading to high-teens EPS growth ~18% EPS (cents) High-teens CAGR >15% 12% 195 8% 109 2023 2025 2028 2030 2023 2025 2028 2028 RoTE target and EPS growth underpinned by: Income CAGR Cost-to-income 30-35bps Dividend payout 13-14% ratio loan-l
Slide 6: On a path to >15% RoTE in 2028…
On a path to >15% RoTE in 2028… >15% RoTE walk by 11.9% P&L items 2025 Income Expense Normalisation Lower CET1 2028 RoTE growth growth of impairment ratio RoTE …and progressing to ~18% RoTE in >15% 2030 11.9% RoTE walk by business mix ~380bps uplift 2025 WRB: driven CIB: driven by Normalisation Lowe
Slide 7: Business mix change expected to drive ~380bps RoTE improvement…
Business mix change expected to drive ~380bps RoTE improvement… Wealth & Retail Banking (WRB) Driving higher income return on RWA for the Group 70% ~75% 63% Affluent as % of WRB income1 Better growth opportunities underpinned by structural trends 2023 2025 2028 Corporate & Investment Banking (CIB) O
Slide 8: …including asset & liability mix benefits of ~50bps
…including asset & liability mix benefits of ~50bps Funding surplus Funding surplus – WRB ($bn) • WRB is our cheapest form of funding and is becoming a higher portion of the overall liability mix 128 • Growth in WRB funding is faster than WRB assets, leading to a surplus which is deployed to generat
Slide 9: Non-interest income CAGR +13% ex-notables since 2023…
Income Non-interest income CAGR +13% ex-notables since 2023… Total income by product 2025 Non-II ($bn) Investment products +31% CAGR; Bancassurance +12% CAGR 8% CAGR CAGR NNM $96bn (incl. $44bn Wealth) AUM +$175bn (incl. $124bn Wealth) 20.9 18.0 3.1 +26% Growth driven by products and capabilities in
Slide 10: …and will continue to grow faster
Income …and will continue to grow faster Total income by product 5-7% CAGR Non-interest income as a % of total income1 ($bn) Standard Chartered (2028) >50% 20.9 18.0 Wealth Solutions Standard Chartered (2025) 47% Global Markets Global Banking US peers (2025) 44% CCPL & unsecured Deposits & Mortgages
Slide 11: Progress on expenses, but with further opportunities
Expenses Progress on expenses, but with further opportunities Expenses split over 2023-2025 • We have held corporate functions expenses flat since 2023 despite strong income growth ($bn) 13.3 12.5 • We have grown frontline to invest in our income opportunities 11.6 • Benchmarking analysis suggests f
Slide 12: Delivering continuous improvement
Expenses Delivering continuous improvement • We are targeting • We are building an agile operating model that is Simple, Connected − Cost-to-income ratio1 of ~57% in 2028 and Fast − Positive income-to-cost jaws1 each year − Fewer core systems enabling differentiated client experiences • Maintaining
Slide 13: Our business model is lower risk
Risk Our business model is lower risk • Risk metrics have improved steadily over time I/G % of Corporate exposures CCPL % of WRB lending − Investment grade in CIB has improved from 42% to 74% of exposures 74% − Corporate PDs have fallen in recent years and are at or below peers − CCPL & Other Unsecu
Slide 14: Operating across 13-14% CET1 ratio range
Capital Operating across 13-14% CET1 ratio range • Operated at an average 14% CET1 ratio over the last 7 years, and a range of 13.4-14.6% • At Q1’26, we had the lowest CET1 ratio requirement of major UK banks • Going forward, we intend to operate across the full 13-14% CET1 ratio range Our CET1 rati
Slide 15: Strong capital generation; operate within 13-14% CET1 ratio range
Capital Strong capital generation; operate within 13-14% CET1 ratio range We have generated ~330bps of CET1 capital since 2023 Uses of capital RWA growth 3.3 0.6 14.1 (1.0) 14.1 Dividends (0.9) (2.1) Buyback 31.12.23 Attributable Other RWA Ordinary Share 31.12.25 2024-2025 CET1 ratio profit impacts1
Slide 16: Significant capital generation supporting our allocation framework
Distribution Significant capital generation supporting our allocation framework • Capital to support a 5-7% income CAGR, with income return on RWA to improve over the course Business of the plan growth • ≥30% dividend payout ratio Dividend Capital • Progressive full year dividend per share generatio
Slide 17: Looking beyond 2028
Looking beyond 2028 >15% RoTE in 2028 Structural trends to Further business mix drive income growth shift benefits Operating leverage from Risk discipline to core transformation continue Maintain strong Continue to distribute capital ratios excess capital ~18% RoTE in 2030 17
Slide 18: Appendices
Appendices ws
Slide 19: 2026 targets unchanged
2026 targets unchanged Reported income growth YoY to be around Income the bottom end of 5-7% range1 NII Net interest income expected to be broadly flat YoY at ccy Guidance for 2027 to be Guidance provided at Q4’26 results Cost Reported expenses1 to be broadly flat YoY RoTE Statutory RoTE in 2026 of
Slide 20: We have optionality on funding and deployment
We have optionality on funding and deployment Cost for tenor Funding sources WRB CASA CIB CASA WRB TD CTD Wholesale (Interest Expense) Funding source & usage optionality Asset deployment Treasury liquidity pool Banking book (e.g. Customer loans) (Income) Interest income Interest income Trading book
Slide 21: Hedging strategy reducing NII volatility
Hedging strategy reducing NII volatility Hedge evolution Interest rate risk in the banking book (IRRBB) • Overall duration strategy includes: • FY’25 NII sensitivity increased due to balance sheet growth and HKD rate movements partially offset by an increase in structural hedging − Treasury structur
Slide 22: Important notice
Important notice Forward-looking statements The information included in this document may contain ‘forward-looking statements’ based upon current expectations or beliefs as well as statements formulated with assumptions about future events. Forward-looking statements include, without limitation, pro