Barclays Plc · LSE:BARC
Barclays — Morgan Stanley European Financials Conference 2015
16 slides from Barclays's conference presentation, Mar 24, 2015
Slide 1: Barclays PLC – Morgan Stanley European Financials Conference
Barclays PLC Morgan Stanley European Financials Conference 24 March 2015 1 | Morgan Stanley European Financials Conference |
Slide 2: Antony Jenkins, Barclays Group Chief Executive
Antony Jenkins Barclays Group Chief Executive 2 | Morgan Stanley European Financials Conference |
Slide 3: Financial highlights
Financial highlights Increased adjusted pre-tax profits by 12% – Core up 3%, Non-Core losses down 24% Costs excluding CTA £16.9bn, ahead of £17bn guidance Core business performed well with PBT of £6.7bn and RoE of 10.9% ex-CTA Strong progress on shrinking Non-Core and releasing capital Building capi
Slide 4: 2016 Transform targets
2016 Transform targets 2016 Target 2014 Capital CRD IV FL CET1 ratio >11.0% 10.5%1 Group Leverage Leverage ratio >4.0% 3.8%1 Dividend Payout ratio 40-50% 38% Returns Adjusted RoE >12% 10.9%2 Barclays Core Cost Adjusted operating expenses <£14.5bn £15.1bn2 Barclays Non-Core Returns Drag on adjusted R
Slide 5: Approach to technological development
Approach to technological development Barclays Accelerator Pingit & Twitter • Invites FinTech start-ups to apply from all over the • Launched Pingit to world 13.5m Twitter users in March • Run in partnership with Techstars, one of the world’s leading start-up accelerators • First British bank to all
Slide 6: Leading the way in technology
Leading the way in technology Barclays is committed to pioneering technology and adapting to a changing world Enhanced Cost Improved Customer efficiency Control Experience To become the ‘Go-To’ bank – a strong business delivering sustainable returns 6 | Morgan Stanley European Financials Conference
Slide 7: Technology continues to enhance the customer experience
Technology continues to enhance the customer experience Digital banking Over 80% of all payments and transfers in personal banking are digital Mobile banking Average customer uses mobile banking 30 times/month Pingit Almost 1 million active customers Digital Eagles Provide help and advice on all new
Slide 8: Technology continues to enhance the customer experience
Technology continues to enhance the customer experience Contactless card technology Introduced on Transport for London Barclaycard bPay Band Convenient wearable contactless payment technology Apple Pay Apple Pay available with all Barclaycard-branded cards in the US Africa Automated cheque payments
Slide 9: Strengthening controls
Strengthening controls • Technological changes give rise to cybersecurity threats • Barclays continues to invest in technology and people to protect against emerging threats Industry is Increase in Facing Increase – Increased funding and resources dedicated to Digital & Mobile in Number and Services
Slide 10: Operating efficiencies delivering cost benefits
Operating efficiencies delivering cost benefits IT applications decommissioned Business instant lending -30% PCB Instant and automated lending process 21% Cost: income ratio 2014 2016 -30% PCB non-branch UK locations Barclaycard Number of locations 2014 2016 -15% 27 22 18 Investment 12 Bank 2012 201
Slide 11: Operating expenses significantly reduced
Operating expenses significantly reduced Operating expenses progress – excluding CTA (£bn) Highlights • Transform saves: 18.7 0.6 − FTE reductions from Investment Bank front office restructuring, branch network transformation in 0.5 UK and Africa and restructuring of the European business 0.5 − Opti
Slide 12: Group cost targets
Group cost targets Group cost guidance1 (£bn) Core cost targets1 (£bn) Core cost target 10% 18.7 Original Guidance = £17.5bn Revised Guidance = £17bn 8% 16.9 c.16.3 16.4 15.1 <14.5 Costs to FY13 FY14 FY15 Target FY13 FY14 FY16 achieve £1.2bn £1.2bn c.£0.7bn2 Transform (CTA) 1Excludes provisions for
Slide 13: Conclusion
Conclusion Continued capital build: CET1 ratio 10.5%1 and BCBS leverage ratio 3.8%1 Progress on returns with Core RoE of 10.9% ex-CTA Strong progress on shrinking Non-Core and releasing capital Embracing technological change key to delivering sustainable growth Barclays on the forefront of adopting
Slide 14: Antony Jenkins, Barclays Group Chief Executive
Antony Jenkins Barclays Group Chief Executive 14 | Morgan Stanley European Financials Conference |
Slide 15: Barclays PLC
Barclays PLC Morgan Stanley European Financials Conference 24 March 2015 15 | Morgan Stanley European Financials Conference |
Slide 16: Legal Disclaimer
Legal Disclaimer Important Notice The information, statements and opinions contained in this document do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of any offer to buy any securities or financial instruments or any advice or recommendation with
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