Banco Santander, S.a. · BME:SAN
Banco Santander — FY2020 Earnings Presentation
35 slides from Banco Santander's earnings presentation, Apr 9, 2021
Slide 1: 2020 income statements and balance sheets according to the new reporting structure
April 2021 2020 income statements and balance sheets according to the new reporting structure All. Together. Now.
Slide 2: Important information: Non-IFRS and alternative performance measures
Restricted-confidential Important information Non-IFRS and alternative performance measures This presentation contains, in addition to the financial information prepared in accordance with International Financial Reporting Standards (“IFRS”) and derived from our financial statements, alternative per
Slide 3: Important information
Restricted-confidential Important information Numerous factors could affect our future results and could cause those results deviating from those anticipated in the forward-looking statements. Other unknown or unpredictable factors could cause actual results to differ materially from those in the fo
Slide 4: Adapting our reporting to the new organizational structure
Restricted-confidential Adapting our reporting to the new organizational structure towards the Santander of Tomorrow –3 priorities for profitable growth 1 One Santander 2 Digital Consumer Bank (DCB) 3 PagoNxt ? New operating model leveraging our global ? Driving profitable growth in Europe and ? Our
Slide 5: New organizational structure
Restricted-confidential New organizational structure Primary segments Europe North America South America DCB Spain United States Brazil SCF Chile United Kingdom Mexico Argentina Portugal Uruguay Poland Peru Corporate Other Europe Colombia Centre One Santander Secondary segments Retail Banking SCIB W
Slide 6: Primary segments main changes
Restricted-confidential Primary segments main changes “Until 2020” “From 2021 on” Other1 Other1 EUROPE Including SCF UK Excluding SCF UK Global Payments Services in the region NORTH AMERICA Global Payments Services in the region SOUTH AMERICA SGP Global Payments Services Openbank (GMS, GTS, Superdig
Slide 7: Secondary segments main changes
Restricted-confidential Secondary segments main changes “Until 2020” “From 2021 on” RETAIL BANKING1 Retail Banking Retail Banking Openbank SCIB1 Corporate and Investment Banking Corporate and Investment Banking WM&I1 Private Asset Insurance Private Asset Banking Management Banking Insurance Manageme
Slide 8: Main differences in underlying profits
Restricted-confidential Main differences in underlying profits. Income statement of the Group does not change 2020 restated. Primary segments 2020 restated. Markets EUR mn Difference EUR mn Difference 2020 2020 restated / 2020 2020 restated / published 2020 published Europe published 2020 published
Slide 9: Key metrics medium-term goals compared to 2020 restated
Restricted-confidential Key metrics medium-term goals compared to 2020 restated Key metrics Europe North America South America One Santander Digital Consumer Bank Medium-term Medium-term Medium-term Medium-term Medium-term 2020 2020 2020 2020 2020 goals goals goals goals goals Efficiency ratio 56% c
Slide 10: Primary segments
Restricted-confidential â– Primary segments 10
Slide 11: Europe
Restricted-confidential EUROPE EUR million NEW PREVIOUS DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income 2,378 2,330 2,534 2,670 3,435 3,352 3,549 3,710 (1,057) (1,022) (1,015) (1,041) Net fee income 1,128 942 961 968 1,315 1,09
Slide 12: Spain
Restricted-confidential Spain EUR million NEW PREVIOUS DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income 925 931 1,034 1,067 925 931 1,034 1,067 Net fee income 643 535 562 573 643 535 562 573 Gains (losses) on financial transacti
Slide 13: United Kingdom
Restricted-confidential United Kingdom EUR million NEW PREVIOUS DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income 820 796 905 983 898 871 976 1,063 (78) (75) (71) (80) Net fee income 190 94 115 96 193 96 117 99 (4) (2) (3) (3) Ga
Slide 14: Portugal
Restricted-confidential Portugal EUR million NEW PREVIOUS DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income 202 197 193 195 202 197 193 195 Net fee income 101 90 94 103 101 90 94 103 Gains (losses) on financial transactions * 56
Slide 15: Poland
Restricted-confidential Poland EUR million NEW PREVIOUS DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income 296 251 246 243 296 251 246 243 Net fee income 116 104 112 120 116 104 112 120 Gains (losses) on financial transactions * 8
Slide 16: Other Europe
Restricted-confidential Other Europe EUR million NEW PREVIOUS DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income 134 155 155 182 134 155 155 182 Net fee income 78 120 78 75 74 115 71 68 4 5 7 8 Gains (losses) on financial transact
Slide 17: North America
Restricted-confidential NORTH AMERICA EUR million NEW PREVIOUS DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income 2,261 2,079 2,076 2,055 2,261 2,079 2,075 2,055 Net fee income 464 405 413 402 461 400 406 394 4 5 7 8 Gains (losses
Slide 18: United States
Restricted-confidential United States EUR million NEW PREVIOUS DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income 1,462 1,429 1,406 1,348 1,462 1,429 1,406 1,348 Net fee income 250 215 218 206 250 215 218 206 Gains (losses) on fin
Slide 19: Mexico
Restricted-confidential Mexico EUR million NEW PREVIOUS DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income 798 650 669 707 798 650 669 707 Net fee income 211 185 189 188 211 185 189 188 Gains (losses) on financial transactions * 2
Slide 20: Other North America
Restricted-confidential Other North America EUR million NEW PREVIOUS DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income (0) 0 0 0 Net fee income 4 5 7 8 4 5 7 8 Gains (losses) on financial transactions * (0) (0) (0) (0) Other oper
Slide 21: South America
Restricted-confidential SOUTH AMERICA EUR million NEW PREVIOUS DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income 3,065 2,606 2,486 2,566 3,065 2,606 2,486 2,566 Net fee income 1,077 779 848 885 1,074 774 841 878 4 5 7 8 Gains (lo
Slide 22: Brazil
Restricted-confidential Brazil EUR million NEW PREVIOUS DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income 2,270 1,813 1,756 1,786 2,270 1,813 1,756 1,786 Net fee income 869 614 664 677 869 614 664 677 Gains (losses) on financial
Slide 23: Chile
Restricted-confidential Chile EUR million NEW PREVIOUS DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income 448 425 420 494 448 425 420 494 Net fee income 92 74 74 94 92 74 74 94 Gains (losses) on financial transactions * 13 92 51 1
Slide 24: Argentina
Restricted-confidential Argentina EUR million NEW PREVIOUS DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income 241 261 218 192 241 261 218 192 Net fee income 76 56 70 71 76 56 70 71 Gains (losses) on financial transactions * 23 10
Slide 25: Other South America
Restricted-confidential Other South America EUR million NEW PREVIOUS DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income 106 107 91 94 106 107 91 94 Net fee income 40 34 40 43 37 29 33 35 4 5 7 8 Gains (losses) on financial transac
Slide 26: Digital Consumer Bank
Restricted-confidential DIGITAL CONSUMER BANK EUR million NEW PREVIOUS) DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income 1,088 1,054 1,048 1,073 1,088 1,054 1,048 1,073 Net fee income 192 163 211 205 192 163 211 205 Gains (losse
Slide 27: Santander Global Platform (primary segment)
Restricted-confidential SANTANDER GLOBAL PLATFORM (primary segment) EUR million NEW PREVIOUS) DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income 31 32 33 33 (31) (32) (33) (33) Net fee income 13 18 24 26 (13) (18) (24) (26) Gains
Slide 28: Corporate Centre
Restricted-confidential CORPORATE CENTRE EUR million NEW PREVIOUS DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income (304) (354) (371) (345) (304) (354) (371) (345) Net fee income (9) (6) (11) (3) (9) (6) (11) (3) Gains (losses) o
Slide 29: Secondary segments
Restricted-confidential â– Secondary segments 29
Slide 30: Retail Banking
Restricted-confidential RETAIL BANKING EUR million NEW PREVIOUS DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income 8,004 7,272 7,280 7,500 7,885 7,141 7,148 7,371 120 131 133 128 Net fee income 2,058 1,536 1,707 1,685 2,024 1,495
Slide 31: Corporate & Investment Banking
Restricted-confidential CORPORATE & INVESTMENT BANKING EUR million NEW PREVIOUS DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income 677 705 771 765 671 713 788 781 6 (9) (17) (16) Net fee income 402 405 360 375 404 406 361 379 (2)
Slide 32: Wealth Management & Insurance
Restricted-confidential WEALTH MANAGEMENT & INSURANCE EUR million NEW PREVIOUS DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income 109 93 92 100 132 104 104 113 (23) (11) (12) (13) Net fee income 308 269 279 296 320 279 290 306 (11
Slide 33: PagoNxt
PAGONxt EUR million NEW PREVIOUS DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income 0 (1) 0 (0) (1) Net fee income 94 78 88 103 94 78 88 103 Gains (losses) on financial transactions * 3 (1) (3) (1) 3 (1) (3) (1) Other operating in
Slide 34: Santander Global Platform (secondary segment)
SANTANDER GLOBAL PLATFORM (secondary segment) EUR million NEW PREVIOUS DIFFERENCES Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Q1’20 Q2’20 Q3’20 Q4’20 Income statement Net interest income 103 112 104 98 (103) (112) (104) (98) Net fee income 115 109 111 114 (115) (109) (111) (114) Gains (losses)
Slide 35: Thank You
Thank You. Our purpose is to help people and businesses prosper. Our culture is based on believing that everything we do should be: SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,