Lloyds Banking Group Plc · LSE:LLOY

Lloyds Banking — Debt Investor Presentation (April 2024)

25 slides from Lloyds Banking's debt investor presentation, Apr 24, 2024

  1. Slide 1: Sustainable Bond Framework 2024

    Classification: Public Sustainable Bond Framework 2024 Lloyds Banking Group 24 April 2024

  2. Slide 2: Welcome and agenda

    Classification: Public Welcome and agenda Today’s presenters Section 1: Lloyds’ purpose and strategy Liz Padley UK customer- Managing Director, Capital and Term Funding focused digital Group Corporate Treasury leader and Section 2: Sustainabilityintegrated at Lloyds financial Dr Rebecca Heaton servi

  3. Slide 3: Lloyds' purpose and strategy

    Classification: Public Lloyds’ purpose and strategy 3

  4. Slide 4: Leading UK digital bank and integrated financial services provider

    Classification: Public Leading UK digital bank and integrated financial services provider Lloyds Banking Group Plc 3 core Retail Retail Commercial Banking divisions Insurance Consumer Pensions & Insurance Relationships Small and Investments Corporate & Pensions & Consumer Consumer Investments Busine

  5. Slide 5: Our unique business model

    Classification: Public Our unique business model Supporting our 5

  6. Slide 6: Our sustainability objectives supporting Group priorities

    Classification: Public Our sustainability objectives supporting Group priorities Higher, more sustainable returns and capital generation Group Grow Focus Change strategic priorities Drive revenue growth Strengthen cost and Maximise the potential and diversification capital efficiency of people, tech

  7. Slide 7: Sustainability at Lloyds

    Classification: Public Sustainability at Lloyds 7

  8. Slide 8: Our sustainability ambitions and targets

    Classification: Public Our sustainability ambitions and targets Decarbonisation ambitions • Reduce bank financed emissions by >50% by 2030 Breakdown of Group’s emissions (MtCO2e) • Halve carbon footprint of Scottish Widows investments by 2030 • Reduce our supply chain emissions by 50% by 2030 22.0 •

  9. Slide 9: A systems-led approach to support our transition

    Classification: Public A systems-led approach to support our transition Target for 2030 Sustainable farming Greening the built Greening the built environment and food environment • Sustainable building UK residential mortgages 41% reduction in emissions intensity • Forestry and land materials use ch

  10. Slide 10: Delivering positive societal change and benefit at scale

    Classification: Public Delivering positive societal change and benefit at scale Access to Quality Regional Development Financial Inclusion and Diversity, Equity and Housing Resilience Inclusion ▪ Increase access to quality ▪ Be a key partner in the ▪ Support the financial needs ▪ We are transforming

  11. Slide 11: Established sustainability governance

    Classification: Public Established sustainability governance Board Level Lloyds Banking Group plc Board Responsible Business Audit Committee Board Risk Committee Committee Executive Level Group Executive Group Net Zero Committee Group Risk Committee Committee Division and function/platform Level Div

  12. Slide 12: Sustainable Bond Framework 2024 update

    Classification: Public 2024 update Sustainable Bond Framework 12

  13. Slide 13: Updating Framework for maximum impact

    Classification: Public Updating Framework for maximum impact Rationale for updating the Framework Updates from the 2019 Framework ▪ Finance the Group’s Helping Britain Prosper purpose Use of Proceeds categories ▪ Enhance transparency on funded Green or Social investments and associated positive impa

  14. Slide 14: Clear and simple framework following ICMA principles

    Classification: Public Clear and simple framework following ICMA principles 2. Project 3. Management of 1. Use of Proceeds Evaluation and 4. Reporting External Review Proceeds Selection Proceeds allocated to The Sustainable Bond Portfolio approach Impact and Allocation Sustainalytics SPO eligible as

  15. Slide 15: Use of Proceeds: eligible green assets categories

    Classification: Public Use of Proceeds: eligible green assets categories Green buildings Renewable Energy ▪ Construction, acquisition or retrofitting of buildings ▪ Generation, equipment, development, which meet the regional, national, or manufacturing, construction, operation, storage, and internat

  16. Slide 16: Eligible social categories and illustrative eligible asset portfolios

    Classification: Public Eligible social categories Illustrative eligible asset portfolios Affordable housing Eligible Green Asset Eligible Social Asset Portfolio by Sector Portfolio by Sector ▪ Eligible Assets to UK accredited or registered Housing 0% 11% Associations 9% ▪ Target populations are iden

  17. Slide 17: Project evaluation and Management of proceeds

    Classification: Public Project evaluation and Management of proceeds Process for project evaluation and selection > Management of proceeds ▪ Proceeds or an equivalent amount from issuances ▪ Managed on a portfolio basis under this Framework will be allocated to finance or re-finance, in whole or in

  18. Slide 18: Reporting

    Classification: Public Reporting Reporting > Impact metrics Annual Allocation and Impact Report will be published Impact Report will disclose at a minimum: until maturity of the instrument(s) issued under the framework ▪ For Eligible Green Assets, the annual carbon emissions avoided (tCO2 equivalent

  19. Slide 19: External review

    Classification: Public External review Second Party Opinion of Framework Post-issuance external verification Sustainalytics has opined that Lloyds Banking Group Limited assurance services have been requested for Sustainable Bond Framework is: annual allocation and impact reporting ▪ Credible, robust

  20. Slide 20: Conclusion

    Classification: Public Conclusion These resources and more can be accessed on www.lloydsbanking.com 20 20

  21. Slide 21: Contacts

    Classification: Public Contacts Richard Shrimpton Liz Padley Deputy Treasurer Managing Director, Capital & Term Funding Richard.Shrimpton@Lloydsbanking.com Claire-Elizabeth.Padley@Lloydsbanking.com Nora Thoden Blake Foster Director, Investor Relations – ESG Director, ESG Issuance Nora.Thoden@Lloydsb

  22. Slide 22: Disclaimer (p1 of 3)

    Classification: Public Disclaimer (p1 of 3) Important notice The information, statements, views and opinions contained in this document and accompanying discussion (“this Presentation”) are for informational and reference purposes only. This Presentation has been provided by the Group (defined below

  23. Slide 23: Disclaimer (p2 of 3)

    Classification: Public Disclaimer (p2of 3) No offer of securities or investments The information, statements and disclosure herein do not constitute a public offer under any applicable legislation, an offer to sell or solicitation of any offer to buy any securities or financial instruments, or any a

  24. Slide 24: Disclaimer (p3 of 3)

    Classification: Public Disclaimer (p3 of 3) 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 the business, strategy, plans a

  25. Slide 25: Classification: Public

    Classification: Public 25

Lloyds Banking Group — Debt Investor Presentation (April 2024) on 6ix