Barclays Plc · LSE:BARC
Barclays — Debt Investor Presentation (October 2021)
69 slides from Barclays's debt investor presentation, Oct 21, 2021
Slide 1: Barclays PLC Q3 2021 Fixed Income Investor Presentation
Barclays PLC Q3 2021 Fixed Income Investor Presentation 21 October 2021
Slide 2: Strategy
Strategy
Slide 3: Strong Q321 YTD profitability, increased capital distributions to shareholders
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Strong Q321 YTD profitability, increased capital distributions to shareholders Q321 YTD metrics Group targets over the medium term Returns Return
Slide 4: Diversified model underpins resilient performance through cycles
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Diversified model underpins resilient performance through cycles Diversified by income type Diversified by customer and client Diversified by geo
Slide 5: Barclays continues to support client activity in capital markets
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays continues to support client activity in capital markets Global equity market capitalisation1 and bonds Q321 YTD Global Markets and Inves
Slide 6: Ongoing consumer spending recovery during Q321
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Ongoing consumer spending recovery during Q321 driven by lockdown easing while mortgage activity remained robust Cards spending Merchant acquirin
Slide 7: Payments income growth opportunity of c.£900m over three years
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Payments income growth opportunity of c.£900m over three years CAGR income Q320 YTD Q321 YTD growth ambition FY20-FY23 (£m) Total payments 1,208
Slide 8: Barclays investment proposition
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays investment proposition Our scale, geographic reach and diversification make us a universal bank 1 2 3 4 Resilience through Strong balanc
Slide 9: Outlook: Barclays continues to benefit from diversification
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Outlook: Barclays continues to benefit from diversification Returns • Expect to deliver a RoTE above 10% in 2021 Impairment • The impairment run
Slide 10: Performance
Performance
Slide 11: Record Q321 YTD profit before tax driven by strong CIB performance
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Record Q321 YTD profit before tax driven by strong CIB performance and net impairment release Diversified • Record Group PBT of £6.9bn, RoTE of 1
Slide 12: Q321 YTD Group highlights
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q321 YTD Group highlights • Income of £16.8bn, in line with prior year, despite a 9% depreciation of average USD against GBP Income Costs − BUK i
Slide 13: Q321 Group highlights
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q321 Group highlights • Income of £5.5bn, up 5% YoY despite a 7% depreciation of average USD against GBP Income Costs − Improved income from BUK
Slide 14: Income: ongoing benefits from business diversification
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Income: ongoing benefits from business diversification, with higher BUK and CIB income YoY more than offsetting lower CC&P income Group income +5
Slide 15: Mortgage balance growth and positioning for rising rates
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES While unsecured lending remains subdued, mortgage balance growth continues and the Group is well positioned for rising rates Mortgages Group NII
Slide 16: Costs: Q321 YTD increase driven by higher performance costs and structural cost actions
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Costs: Q321 YTD increase driven by higher performance costs and structural cost actions, with flat base costs (£m) Q321 total costs flat YoY (£m)
Slide 17: Evaluating planned structural cost actions for Q421
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Evaluating planned structural cost actions for Q421 Structural cost actions (£m) • Q321 YTD structural cost actions of £392m, including the £266m
Slide 18: Cost guidance unchanged, with FY21 base costs c.£12bn
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Cost guidance unchanged, with FY21 base costs expected to be broadly in line with FY20 at c.£12bn FY20 to FY21 costs outlook (£m) 13,886 Structur
Slide 19: Q321 Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q321 Barclays UK RoTE of 12.7%, with FY21 NIM expected to be c.250bps • Income increased 6% YoY primarily driven by Q320 Q420 Q121 Q221 Q321 impr
Slide 20: Q321 Barclays International
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q321 Barclays International RoTE of 15.9% reflecting improved profitability including the benefit from a net impairment release • Income increase
Slide 21: Q321 Barclays International: Corporate & Investment Bank
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q321 Barclays International: Corporate & Investment Bank RoTE of 16.6%, with improved profitability driven by strong income performance and a net
Slide 22: Q321 Barclays International: Consumer, Cards & Payments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q321 Barclays International: Consumer, Cards & Payments RoTE of 10.5% incorporating investment for growth in the US cards portfolio • Income decr
Slide 23: Q321 Head Office
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q321 Head Office Q320 Q420 Q121 Q221 Q321 • Q321 negative income of £110m including: − Hedge accounting losses (75) (27) (110) Income (127) (171)
Slide 24: Structural hedge
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Structural hedge Structural hedge program update Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 • The Group’s combined gross equity and
Slide 25: Interest rate sensitivity
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Interest rate sensitivity Illustrative sensitivity of Group NII to a parallel shift in interest rate curves1 • This analysis assumes an instantan
Slide 26: Asset Quality
Asset Quality
Slide 27: Impairment: Q321 charge of £120m
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET ASSET QUALITY QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Impairment: Q321 charge of £120m, reflecting lower unsecured lending balances and a net release in the CIB Impairment (£m) Drivers
Slide 28: Retaining management adjustment due to economic uncertainty
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET ASSET QUALITY QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Retaining management adjustment due to economic uncertainty Baseline macroeconomic variables (MEVs) MEVs used in Q221 results Q321
Slide 29: Sep-21 coverage ratios in unsecured and wholesale loans
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET ASSET QUALITY QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Sep-21 coverage ratios in unsecured and wholesale loans remain above pre-pandemic levels given ongoing uncertainty Credit cards, un
Slide 30: Sep-21 UK and US cards coverage ratios
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET ASSET QUALITY QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Sep-21 UK and US cards coverage ratios still meaningfully above pre-pandemic levels UK cards US cards Gross exposure (£bn) Impairme
Slide 31: Retail portfolios in the UK and US appropriately positioned
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET ASSET QUALITY QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Retail portfolios in the UK and US continue to be appropriately positioned 155.2 • Arrears levels at multi-year lows 148.3 145.1 •
Slide 32: Capital & Leverage
Capital & Leverage
Slide 33: CET1 ratio increased to 15.4% driven by profits
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES CET1 ratio increased to 15.4% driven by profits CET1 ratio was 420bps above the MDA hurdle of 11.2% as at Sep-21 QoQ CET1 ratio1 movements 16bps
Slide 34: CET1 ratio target range continues to be 13-14%
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES CET1 ratio target range continues to be 13-14%, but expect to remain above that in 2021 CET1 ratio flightpath c.40bps c.15bps c.20bps 13-14% 15.4
Slide 35: Continue to target appropriate headroom above the MDA hurdle
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Continue to target appropriate headroom above the MDA hurdle Illustrative evolution of minimum CET1 requirements and buffers • Barclays intends t
Slide 36: IFRS 9 transitional relief of c.40bps as at Sep-21
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES IFRS 9 transitional relief of c.40bps as at Sep-21 Constructive regulatory action in Q220 gave greater relief Appropriately positioned CET1 ratio
Slide 37: Pension deficit reduction contributions
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Pension deficit reduction contributions CET1 ratio headwinds from pension reduction contributions fully incorporated into prudent capital plan an
Slide 38: Group leverage position appropriately managed
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Group leverage position appropriately managed Minimum leverage requirements and buffers under the UK regime • Headroom to minimum leverage requir
Slide 39: Capital structure well established
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Capital structure well established Expect to hold prudent headroom above AT1 and Tier 2 minimums Illustrative evolution of regulatory capital str
Slide 40: RWAs remained broadly stable YTD and QoQ
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES RWAs remained broadly stable YTD and QoQ YTD RWA movements (£bn) 3.1 4.3 0.4 0.9 1.4 308.8 308.4 307.6 307.5 307.5 306.2 306.2 1 Dec-20 Credit ri
Slide 41: MREL, Funding & Liquidity
MREL, Funding & Liquidity
Slide 42: MREL position well established
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES MREL position well established Completed the 2021 MREL issuance plan of c.£8bn Fully loaded MREL position of £107.1bn as at Sep-211 2021 HoldCo i
Slide 43: 2021 HoldCo issuance plan completed
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES 2021 HoldCo issuance plan completed Annual HoldCo issuance volume materially lower compared to 2016-18 (£bn)1,2 2021 YTD HoldCo issuance by curre
Slide 44: High quality liquidity position
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES High quality liquidity position YTD liquidity position stable, with Group LCR well above regulatory requirements Comfortably exceeding minimum re
Slide 45: Conservative loan: deposit ratio
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Conservative loan: deposit ratio Stable LDR YoY and QoQ, reflecting a solid deposit base Conservative loan: deposit ratio (LDR)1,2 BUK CIB CC&P H
Slide 46: Wholesale funding composition as at 30 June 2021
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Wholesale funding composition as at 30 June 20211 1-3 3-6 6-12 Total 1-2 2-3 3-4 4-5 As at 30 June 2021 (£bn) <1 month >5 years Total months mont
Slide 47: Credit Ratings
Credit Ratings
Slide 48: Strategic priority to maintain strong ratings
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Strategic priority to maintain strong ratings Current Senior Long and Moody’s Standard & Poor’s Fitch Short Term ratings Baa2 BBB A Barclays PLC
Slide 49: Barclays rating composition for senior debt
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays rating composition for senior debt Moody’s Standard & Poor’s Fitch BPLC BBPLC BBUKPLC BPLC BBPLC BBUKPLC BPLC BBPLC BBUKPLC Adj. Baselin
Slide 50: ESG
ESG
Slide 51: Environmental and Social stewardship central to our strategy
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Environmental and Social stewardship central to our strategy • Plan to extend BlueTrackTM to other sectors, beginning with Cement and Metals (alu
Slide 52: Environmental: continuing to execute on our strategy
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Environmental: continuing to execute on our strategy Empowering clients across the Engaging in industry-wide initiatives Managing our operational
Slide 53: Social: initiatives supporting our colleagues and communities
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Social: initiatives supporting our colleagues and our communities Supporting our colleagues Investing in our communities Promoting Diversity & In
Slide 54: Governance: a purpose-driven organisation
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Governance: a purpose-driven organisation Our Purpose, Values and Mindset are How climate is embedded in our Cyber and Digital Trust central to h
Slide 55: Divisions & Legal Entities
Divisions & Legal Entities
Slide 56: Legal entity structure of the Group since April 2018
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Legal entity structure of the Group since April 2018 Barclays PLC Barclays International Barclays UK and Head Office1 Divisions Personal Banking
Slide 57: Strong legal entity capital and liquidity positions
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Strong legal entity capital and liquidity positions Continue to manage legal entity capital ratios with appropriate headroom to requirements Barc
Slide 58: Appendix
Appendix
Slide 59: Q321 YTD notable items
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q321 YTD notable items Nine months ended (£m) Sep-21 Sep-20 Income Valuation loss on Barclays’ preference shares in Visa Inc. - (101) Co
Slide 60: Q321 YTD split of payments income by division
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q321 YTD split of payments income by division Sep-21 Sep-20 % change Nine months ended (£m) BUK CIB CC&P Total BUK CIB CC&P Total BUK CI
Slide 61: Q321 Group
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q321 Group Three months ended (£m) Sep-21 Sep-20 % change Income 5,465 5,204 +5% Impairment charges (120) (608) +80% – Operating expense
Slide 62: Q321 Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q321 Barclays UK Three months ended (£m) Sep-21 Sep-20 % change – Personal Banking 990 833 +19% – Barclaycard Consumer UK 293 362 -19% –
Slide 63: Q321 Barclays International
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q321 Barclays International Three months ended (£m) Sep-21 Sep-20 % change Income 3,937 3,781 +4% Impairment releases / (charges) 18 (37
Slide 64: Q321 Barclays International: Corporate & Investment Bank
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q321 Barclays International: Corporate & Investment Bank Three months ended (£m) Sep-21 Sep-20 % change – FICC 803 1,000 -20% – Equities
Slide 65: Q321 Barclays International: Consumer, Cards & Payments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q321 Barclays International: Consumer, Cards & Payments Three months ended (£m) Sep-21 Sep-20 % change Total Income 808 876 -8% Impairme
Slide 66: Q321 Head Office
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q321 Head Office Three months ended (£m) Sep-21 Sep-20 % change Income (110) (127) +13% Impairment charges (1) (5) +80% – Operating expe
Slide 67: Exchange rates and share count information
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Exchange rates and share count information QoQ % YoY % Exchange rates Sep-21 Jun-21 Sep-20 change change Period end - USD/GBP 1.35 1.38
Slide 68: Contact – Debt Investor Relations Team
Contact – Debt Investor Relations Team Dan Colvin Christy Zakarias +44 (0)20 7116 6533 +44 (0)20 7116 4543 daniel.colvin@barclays.com christy.zakarias@barclays.com 68 | Q3 2021 Fixed Income Investor Presentation | 21 October 2021
Slide 69: Disclaimer
Disclaimer Important Notice The terms Barclays or Group refer to Barclays PLC together with its subsidiaries. The information, statements and opinions contained in this presentation do not constitute a public offer under any applicable legislation, an offer to sell or solicitation of any offer to bu