Barclays Plc · LSE:BARC
Barclays — Debt Investor Presentation (July 2017)
63 slides from Barclays's debt investor presentation, Jul 28, 2017
Slide 1: Barclays PLC Fixed Income Investor Presentation
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Barclays PLC Fixed Income Investor Presentation1 H1 2017 Results Announcement 28 July 2017 | Barclays H1 2017 Fixed Income Investor Presentation
Slide 2: Strategy
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Strategy 1 (From prior page) This presentation must be read and construed with all applicable law, rules and regulations applicable to Barclays and the information presented here
Slide 3: Completed Barclays' restructuring
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Completed Barclays‟ restructuring Sold down to target shareholding of c.15% and achieved Africa selldown complete proportional regulatory consolidation CET1 ratio of 13.1%, refle
Slide 4: Transatlantic Consumer, Corporate and Investment bank
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Transatlantic Consumer, Corporate and Investment bank Barclays UK Stronger and simpler Barclays International Barclays, benefitting RoTE of 20.4%1 RoTE of 12.4% from diversificat
Slide 5: Targeting Group RoTE of >10%
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Targeting Group RoTE of >10% Eliminate structural reform Drive cost efficiency 1 and restructuring costs 2 Improve CIB returns 3 through the Service Company • Group-wide processe
Slide 6: Material reductions in our cost base, creating capacity to self-fund investment
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Material reductions in our cost base, creating capacity to self-fund investment in the business Group operating costs excluding notable items1, conduct and litigation £4.5bn Targ
Slide 7: Focused on two primary levers to improve CIB returns
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Focused on two primary levers to improve CIB returns 1 CIB capital allocation and funding 2 Cost efficiencies and strategic investments CIB loan book RWAs (£bn) Return < cost of
Slide 8: Service Company: Standardising and improving processes
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Service Company: Standardising and improving processes to further enhance customer experience and cost efficiency PRIMARY FOCUS AREAS EFFICIENCY DRIVERS Group-wide set of proce
Slide 9: Transatlantic Consumer, Corporate and Investment bank
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Transatlantic Consumer, Corporate and Investment bank Benefits of diversification by customer, product and geography showing through Closure of Non-Core on 1 July 2017 with £23bn
Slide 10: Performance
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Performance | Barclays H1 2017 Fixed Income Investor Presentation
Slide 11: Group Return on Tangible Equity of 7.2%
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Group Return on Tangible Equity of 7.2%1 Three months ended (£m) Jun-17 Jun-16 % change Q217 performance metrics1 Income 5,058 5,972 (15%) Impairment (527) (488) (8%) • Group RoT
Slide 12: Core delivered an RoTE of 9.7%, and cost: income ratio of 60%
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Core delivered an RoTE of 9.7%1, and cost: income ratio of 60%1 Business performance Q217 performance metrics1 Three months ended (£m) Jun-17 Jun-16 % change • Core delivered an
Slide 13: Generating a consistently strong Core RoTE on an increasing tangible equity base
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Generating a consistently strong Core RoTE on an increasing tangible equity base Core return on average allocated tangible equity1 Return on average allocated tangible equity3 Ro
Slide 14: Barclays UK: Robust RoTE of 19.1%
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Barclays UK: Robust RoTE of 19.1%1 Business performance Q217 performance metrics1 Three months ended (£m) Jun-17 Jun-16 % change • Income increased 2% to £1.8bn excluding the Vis
Slide 15: Barclays International: RoTE of 12.4% reflecting improved returns in CIB
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Barclays International: RoTE of 12.4% reflecting improved returns in CIB Business performance Q217 performance metrics1 Three months ended (£m) Jun-17 Jun-16 % change • Income in
Slide 16: Barclays International: Corporate & Investment Bank
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Barclays International: Corporate & Investment Bank Strong banking fees delivered RoTE of 11.1% Business performance Q217 performance metrics Three months ended (£m) Jun-17 Jun-1
Slide 17: Barclays International: Consumer, Cards & Payments
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Barclays International: Consumer, Cards & Payments 9% income growth1 and 19.4% RoTE Business performance Q217 performance metrics1 Three months ended (£m) Jun-17 Jun-16 % change
Slide 18: Non-Core: Residual RWAs of £23bn on closure, ahead of guidance
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Non-Core: Residual RWAs of £23bn on closure, ahead of guidance Business performance Q217 vs. Q117 performance metrics Three months ended (£m) Jun-17 Mar-17 Jun-16 • Loss before t
Slide 19: Non-Core: Closure at 1 July and reabsorption in Core in H217
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Non-Core: Closure at 1 July and reabsorption in Core in H217 Loss before tax (£bn)1 Overview c.1.0 • Closure of Non-Core on 1 July 2017, with residual assets and liabilities to b
Slide 20: Non-Core: RWA reallocation and guidance
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Non-Core: RWA reallocation and guidance Allocated to Balance sheet – 30 June 17 Non-Core RWAs1 Barclays UK Barclays International2 Head Office Pre reallocation RWAs (£bn) 23 ESHL
Slide 21: Capital & Leverage
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Capital & Leverage | Barclays H1 2017 Fixed Income Investor Presentation
Slide 22: Strong CET1 and leverage ratio position
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Strong CET1 and leverage ratio position Fully Loaded CET1 ratio • CET1 ratio increased to 13.1% at Jun-17. The 70bps increase in the half c.400bps represents – c.65bps from profi
Slide 23: Within our end-state CET1 ratio target range
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Within our end-state CET1 ratio target range CET1 ratio progression in Q217 Pro-forma CET1 ratio assuming full regulatory deconsolidation of BAGL End-state target c.13% Tailwinds
Slide 24: Africa selldown and pension triennial valuation
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Africa selldown and pension triennial valuation Africa selldown Pension triennial valuation complete Completion of the latest triennial valuation of the UK Retirement Fund Sale o
Slide 25: Managing evolving future minimum CET1 levels
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Managing evolving future minimum CET1 levels Illustrative evolution of minimum CET1 requirements and buffers Minimum CRD IV CET1 requirement Countercyclical buffer • End-state CE
Slide 26: Managing capital position above mandatory distribution restrictions and stress test hurdles
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Managing capital position above mandatory distribution restrictions and stress test hurdles Barclays’ expected MDA thresholds and systemic reference points for 2017 BoE stress te
Slide 27: Evolving CRD IV capital structure transitioning to HoldCo over time
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Evolving CRD IV capital structure transitioning to HoldCo over time Illustrative evolution of CRD IV capital structure Well managed and balanced total capital structure • Transit
Slide 28: ADI position supports strong distribution capacity
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM ADI position supports strong distribution capacity Distribution capacity as at 31 December 2016 Distributable items ADI BPLC Dividend payments BPLC AT1 coupons • Barclays PLC has
Slide 29: MREL, Funding and Liquidity
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM MREL, Funding and Liquidity | Barclays H1 2017 Fixed Income Investor Presentation
Slide 30: Progressing well on MREL issuance
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Progressing well on MREL issuance HoldCo MREL position and requirement including requisite buffers Well advanced on HoldCo issuance plan Issuance plan – currently expect average
Slide 31: Proactive transition to HoldCo capital and funding model
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Proactive transition to HoldCo capital and funding model HoldCo issuance by year1,2 Senior Unsecured Tier 2 AT1 CET1 • The Group has continued to make strong progress Total: £7.6
Slide 32: Continued progress on transition to HoldCo capital and funding model
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Continued progress on transition to HoldCo capital and funding model PRA transitional regulatory capital Outstanding term vanilla senior unsecured debt (£bn) Jun-17 Dec-16 (£bn)
Slide 33: High level of liquidity and conservative funding profile
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM High level of liquidity and conservative funding profile LCR continues to remain in prudential surplus Conservative and stable funding profile (£bn – excludes BAGL) Customer depo
Slide 34: Wholesale funding composition as at 30 June 2017
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Wholesale funding composition as at 30 June 20171 >1 month >3 months >6 months >1 year >2 year >3 year >4 year Total As at 30 June 2017 (£bn) ≤1 month but ≤3 but ≤6 but ≤12 ≤1 ye
Slide 35: Structural Reform
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Structural Reform | Barclays H1 2017 Fixed Income Investor Presentation
Slide 36: Simplifying our business divisions for structural reform
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Simplifying our business divisions for structural reform Barclays PLC Barclays PLC1 Barclays UK Barclays International Non-Core Africa Banking Selldown effectively UK consumer an
Slide 37: Progress on Group legal structure
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Progress on Group legal structure Barclays PLC Barclays UK Barclays International constructs Divisional UK consumer and business bank Diversified transatlantic wholesale differen
Slide 38: Anticipated funding sources of future UK ring-fenced bank and Barclays Bank PLC
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Anticipated funding sources of future UK ring-fenced bank and Barclays Bank PLC (and subsidiaries) Barclays PLC Barclays UK Barclays International constructs Divisional UK consum
Slide 39: Structural reform plan remains on track achieving critical milestones as planned
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Structural reform plan remains on track achieving critical milestones as planned H2 2017 Group Service Company setup H1 2018 Legal entity separation Milestones completed Mileston
Slide 40: Asset Quality
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Asset Quality | Barclays H1 2017 Fixed Income Investor Presentation
Slide 41: Underlying stable trends reflect prudent approach to credit risk management
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Underlying stable trends reflect prudent approach to credit risk management Retail CRL % of Gross L&A Prudent risk management • Remain well-positioned, having maintained a consis
Slide 42: Flat underlying impairment trends in UK Cards and active management of US Cards growth
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Flat underlying impairment trends in UK Cards and active management of US Cards growth Q217 UK Cards balance mix UK Cards Interest earning lending (IEL), as % of balances1 80% 0%
Slide 43: Credit Ratings
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Credit Ratings | Barclays H1 2017 Fixed Income Investor Presentation
Slide 44: Ratings are a key strategic priority
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Ratings are a key strategic priority Current Senior Long and Future ratings expectations of Barclays Fitch Standard & Poor’s Moody's Short Term ratings UK and Barclays Bank PLC •
Slide 45: Barclays rating composition for senior debt
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Barclays rating composition for senior debt Standard & Poor’s Moody’s Fitch Stand-Alone Credit Profile bbb+ Baseline Credit Assessment baa2 Viability Ratings a Anchor bbb+ Macro
Slide 46: Barclays rating composition for subordinated debt
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Barclays rating composition for subordinated debt Standard & Poor’s Moody’s Fitch Baseline Stand-alone Stand-Alone Viability bbb+ Credit baa2 a rating Credit Profile Assessment R
Slide 47: Appendix
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Appendix | Barclays H1 2017 Fixed Income Investor Presentation
Slide 48: Material & other items – Q217 and Q216
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Material & other items – Q217 and Q216 Q217 Q216 Material items (£m) Core Non-Core Group Core Non-Core Group Discontinued operation – Africa Banking – Impairment of Barclays’ hol
Slide 49: Material & other items – Q217 and Q117
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Material & other items – Q217 and Q117 Q217 Barclays Material items (£m) Barclays UK Head Office Core Non-Core Group International Discontinued Operation – Africa Banking – Impai
Slide 50: Material items – Q216
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Material items – Q216 Q216 Barclays Notable items (£m) Barclays UK Head Office Core Non-Core Group International Income Gain on disposal of Barclays‟ share of Visa Europe Limited
Slide 51: Income and margins – Q217
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Income and margins – Q217 Income (£m) – Three months ended Jun-17 Jun-16 % change Q217 performance metrics – Barclays UK 1,534 1,476 4% • Barclays UK NII increased 4% to £1.5bn a
Slide 52: Barclays UK: Improved NIM and growth in deposits
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Barclays UK: Improved NIM and growth in deposits Income (£m) – Three months ended Jun-17 Jun-16 % change Q217 performance metrics1 Net interest income (NII) 1,534 1,476 4% • NIM
Slide 53: Barclays UK: Realising the significant opportunity with our 24 million customers
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Barclays UK: Realising the significant opportunity with our 24 million customers by leveraging digital and data Significant growth in digital banking – year-on-year Barclays Leve
Slide 54: CIB has a well balanced, low volatility business model
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM CIB has a well balanced, low volatility business model H117 Income by Product Fee share gains across Banking Stable Income £5,346m H116 H117 Markets Banking Fees Corporate Lendin
Slide 55: Restructured and repositioned CIB to deliver higher returns
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Restructured and repositioned CIB to deliver higher returns Corporate and Investment Bank RoTE RoTE Prospective impact of Non-Core reabsorption and Q4 UK bank levy • Combined the
Slide 56: Creating capacity for investment
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Creating capacity for investment Co-brand #9 model New co-brand US Cards Issuer credit card in the US1 partnership with Uber #2 Payments Unique payments Merchant 1 in every 3 pro
Slide 57: Head Office
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Head Office Business performance Q217 performance metrics Head Office – Three months ended (£m) Jun-17 Jun-16 • Profit before tax reduced £379m to a loss of £122m Income 84 334 •
Slide 58: Africa Banking
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Africa Banking Business performance Q217 highlights Three months ended (£m) Jun-17 Mar-17 • On 1 June 2017, Barclays sold 286 million ordinary shares of Barclays Africa Group Lim
Slide 59: UK approach to resolution
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM UK approach to resolution Illustrative UK resolution loss allocation waterfall assuming multiple OpCos1 OpCo waterfall Intercompany investments HoldCo waterfall • BRRD PONV write
Slide 60: Index
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Index Version 2 Strategy 2 Capital & Leverage 21 • Completed Barclays‟ restructuring 3 • Strong CET1 and leverage ratio position 22 • Transatlantic Consumer, Corporate and Invest
Slide 61: Index
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Index Version 2 Asset Quality 40 Appendix 47 • Underlying stable trends reflect prudent approach to 41 • Material & other items – Q217 and Q216 48 credit risk management • Materi
Slide 62: Contact – Debt Investor Relations Team
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Contact – Debt Investor Relations Team Lisa Bartrip James Cranstoun Dan Colvin +44 (0)20 7773 0708 +44 (0)20 7773 1630 +44 (0)20 7116 6533 lisa.bartrip@barclays.com james.cransto
Slide 63: Disclaimer
CAPITAL MREL, FUNDING STRUCTURAL STRATEGY PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & LEVERAGE & LIQUIDITY REFORM Disclaimer Important Notice The information, statements and opinions contained in this presentation do not constitute a public offer under any applicable legislation, an offer to