Barclays Plc · LSE:BARC
Barclays — Morgan Stanley European Banks Conference 2009
12 slides from Barclays's conference presentation, Mar 31, 2009
Slide 1: Capturing investment banking return opportunities
Robert E. Diamond Jr President, Barclays PLC Capturing investment banking return opportunities Morgan Stanley European Banks Conference, London 31st March 2009 1
Slide 2: 2008 - Redefining the competitive environment
2008 - Redefining the competitive environment Industry Consolidation Bear Stearns/WAMU JPMorgan Chase Lehman Brothers Barclays Merrill Lynch/Countrywide Bank of America HBOS Lloyds TSB Wachovia Wells Fargo Industry Restructuring Freddie Mac and Fannie Mae Nationalised by US Government Goldman Sachs
Slide 3: Lehman integration execution
Lehman integration execution • Brand • Transitional management Operating as one • Business resumption firm within 100 days • 10,000 new employees • Focus on clients 3
Slide 4: Market environment
Market environment Global Investment Banking net revenues (excluding write-downs) US$bn • Tough conditions continue 374 • Lessons learned 328 343 289 268 239 218 • New opportunities 213 189 161 142 129 2001 2002 2003 2004 2005 2006 2007 2008 Bull Neutral Bear Delev.1 2010 scenarios 1. De-leveraged a
Slide 5: Added new businesses – Equities, M&A
Added new businesses – Equities, M&A Current Future • #1 US equity sales quality • Premier global equities franchise Equities All-America Research Team • #1 US equity trading #1 penetration • Europe and Asia build-out Equity Research* for six consecutive years • #1 structured products • Re-equitisat
Slide 6: Enhanced position in DCM and IG debt
Enhanced position in DCM and IG debt Debt capital markets lead managed volume €303bn Other 3% €266bn 3% €241bn • Top-tier in UK and Europe 2% US Dollar 46% 50% • Added a top-tier US 64% franchise Euro 37% 34% • #1 in bond issuance and 27% 14% top 3 in the three major Sterling 13% 7% currencies 2006
Slide 7: Increasing penetration in areas of strength…
Increasing penetration in areas of strength… Barclays Capital Commodities and FX Lehman • Top 3 businesses globally • Increased client demand for risk management Deepening of client base and corporate • ‘Flight to quality’ combined with specialist expertise coverage in markets (US) and specific • Le
Slide 8: …and capturing opportunities
…and capturing opportunities Prime Services Emerging Markets Opportunity • Dislocation of competitors • Competitor retrenchment • Few new entrants • Closing gap to top-tier • Requirement for capital • Leveraging Barclays footprint Lehman • Equity franchise driving Prime • ECM and Advisory capabiliti
Slide 9: Strong early support from clients
Strong early support from clients Mar YTD 2009 vs Q1 YTD 2007 (Growth) Client trading volumes Regional client sales Currencies Fixed Income US market +239% +97% +65% Now over 40% of total Barclays Capital 2007 2009 2007 2009 2007 2009 9
Slide 10: Conclusion
Conclusion • New financial services environment • Challenging markets to continue • Growth opportunities for new Barclays Capital • Winning share and widening margins • Focus on execution 10
Slide 11: Robert E. Diamond Jr
Robert E. Diamond Jr President, Barclays PLC Morgan Stanley European Banks Conference, London 31st March 2009 11
Slide 12: 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 Group's plans and its current goals and expectations relatin
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