Barclays Plc · LSE:BARC
Barclays — Debt Investor Presentation (July 2013)
17 slides from Barclays's debt investor presentation, Jul 30, 2013
Slide 1: Barclays PLC Fixed Income Investor H1 2013 Results Call
Barclays PLC Fixed Income Investor H1 2013 Results Call 30 July 2013
Slide 2: Chris Lucas, Group Finance Director
Chris Lucas Group Finance Director
Slide 3: H1 2013 performance highlights
H1 2013 performance highlights 2013 2012 Change Results (6 months) (£m) (£m) (%) Adjusted income 15,071 15,492 (3) Credit impairment charges & other provisions (1,631) (1,710) (5) Op. expenses, excl. Costs to Achieve Transform (9,141) (9,520) (4) Costs to Achieve Transform (640) - Adjusted profit be
Slide 4: Benoit de Vitry, Group Treasurer
Benoit de Vitry Group Treasurer
Slide 5: Leverage ratios
Leverage ratios (2.5%) (0.0%) (0.3%) (0.0%) (0.3%) 5.3% 2.8% 2.5% 2.2% 1 2 3 2 4 Dec-12 adj. FL CRD IV Dec-12 FL T1 Rebase to FL Revised CRD IV H1 13 Jun-13 FL CET1 PRA Jun-13 PRA gross leverage adjustments CRD IV CET1 leverage & other movements CRD IV adjustments leverage ratio ratio leverage ratio
Slide 6: Leverage plan
Leverage plan Delivery of 3% PRA leverage ratio target by June 2014 > 3.0% 0.1% 0.1% 0.4% 2.2% 1 Jun-13 Rights issue Deleveraging AT1 issuance Retained earnings Target Jun-14 PRA leverage ratio (net of expenses) & other capital actions PRA leverage ratio • We are confident that we will exceed PRA 7%
Slide 7: Funding
Funding Dec-2012 Jun-2013 Projected 20151 Group loan to deposit ratio 110% 102% c.103-107% < 1 year wholesale funding / wholesale funding 42% 43% c.42-44% Customer loans & advances encumbrance ratio 17% 14% < 25% WAM wholesale funding (excl. liquidity pool) 61 months 61 months c.54-57 months 1 proje
Slide 8: Term funding plans
Term funding plans Commitment to maintain access to a diversified funding base, across different products and multiple currencies Reduced funding requirements due to: – Higher than expected deposit growth – Run down of legacy assets – Pre-funding of 2013 requirements in 2012 c.£27bn c.£27bn c.£2
Slide 9: Liquidity risk management
Liquidity risk management Dec-2012 Jun-2013 Projected 20151 Liquidity pool £150bn £138bn £110-130bn LRA2 Barclays-specific 1-month stress test 129% 111% > 100% Liquidity surplus £34bn £14bn Variable Liquidity Coverage Ratio (LCR) 126% 111% > 100% Net Stable Funding Ratio (NSFR) 104% 105% > 100% 1 pr
Slide 10: Capital Structure
Capital Structure 17.4% Total Capital Ratio 17.0% Total Current capital metrics 30 Jun 13 Capital Ratio CT1 ratio 11.1% 3.9% £15.2bn T2 5.0% CT1 ratio buffer above 7% trigger 4.1% T2 / senior unsecured 2.4% Estimated CRD IV capital ratios 30 Jun 13 £9.2bn 2% T1 (traditional) contingent 1.5% capital
Slide 11: Regulation
Regulation Working with regulators to ensure financial stability and minimise impact for all stakeholders CRD IV already included in our working assumptions and models Strengthening financial position and processes to protect the Bank from a stress scenario and maximise business continuity in
Slide 12: Summary
Summary • A major global financial services provider with strong customer focus and client franchise Business model • Diversified businesses, in multiple geographies, delivering resilient underlying earnings • Solid capital position with clear plan to deliver fully-loaded CRD IV CET1 ratio of 10.5%
Slide 13: Barclays PLC Fixed Income Investor H1 2013 Results Call
Barclays PLC Fixed Income Investor H1 2013 Results Call 30 July 2013
Slide 14: Legal disclaimers
Legal disclaimers 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 wit
Slide 15: Legal disclaimers
Legal disclaimers Forward-looking statements This document contains certain forward-looking statements within the meaning of Section 21E of the US Securities Exchange Act of 1934, as amended, and Section 27A of the US Securities Act of 1933, as amended, with respect to certain of the Barclays Group‟
Slide 16: Legal disclaimers
Legal disclaimers Certain non-IFRS measures This document includes certain non-IFRS measures. These non-IFRS measures are important to understanding the background of, and rationale for, the rights Issue as well as the Group‟s capital and leverage position in light of the implementation of CRD IV an
Slide 17: Legal disclaimers
Legal disclaimers Certain non-IFRS measures (continued) This document includes certain non-IFRS measures in connection with the Group‟s results for the half-year ended 30 June 2013. Barclays management believes that the non- IFRS measures included in this document provide valuable information to rea