Credit Agricole Sa · EURONEXT:ACA
Credit Agricole Sa — Q1 2025 Earnings Presentation
20 slides from Credit Agricole Sa's earnings presentation, Apr 30, 2025
Slide 1: Results for the 1st Quarter 2025
RESULTS FOR THE 1ST QUARTER 2025
Slide 2: Philippe Brassac
Agir chaque jour dans l’intérêt de nos clients et de la société Philippe Brassac FIRST QUARTER 2025 RESULTS 2 FIRST QUARTER 2025 RESULTS
Slide 3: Record Revenues and High Profitability
RECORD REVENUES AND HIGH PROFITABILITY Sustained growth in revenues and net pre-tax income CRÉDIT AGRICOLE GROUP Revenues Net pre-tax income €10.0bn €3.4bn +5.5% Q1/Q1 +1.6% Q1/Q1 CRÉDIT AGRICOLE S.A. Revenues Net pre-tax income €7.3bn €2.9bn +6.6% Q1/Q1 +4.6% Q1/Q1 3 FIRST QUARTER 2025 RESULTS
Slide 4: Record Revenues and High Profitability
RECORD REVENUES AND HIGH PROFITABILITY Sustained growth in revenues and net pre-tax income As a major taxpayer in France, the Group anticipates an additional corporate income tax of €330 million in 2025, including €207 million in Q1-25 CRÉDIT AGRICOLE GROUP Revenues Net pre-tax Net income income gro
Slide 5: Continued Strong Growth Momentum
CONTINUED STRONG GROWTH MOMENTUM 7.3 6.8 +5.6% +5.6% 6.1 AAGR CAGR 5.9 5.5 5.2 4.9 4.9 4.7 Q1-17 Q1-18 Q1-19 Q1-20 Q1-21 Q1-22 Q1-23 Q1-24 Q1-25 Crédit Agricole S.A. revenues (in billions of euros) 5 FIRST QUARTER 2025 RESULTS
Slide 6: A Combination of Organic Growth and Acquisitions
A COMBINATION OF ORGANIC GROWTH AND ACQUISITIONS Organic growth: strong commercial performance… Customer Capture in Change in the equipment Retail banking Assets under France, Italy and Poland rate for Property and management loans outstanding Casualty Insurance (vs France and Italy March-24) Wealth
Slide 7: A Proactive Transition Plan, Driving Growth and Opportunities
A PROACTIVE TRANSITION PLAN, DRIVING GROWTH AND OPPORTUNITIES 1 Stepping up the roll-out of renewable and low-carbon energy 2 Supporting everyone’s transition, as a universal bank 3 Following through with our exit from the financing of carbon energy Energy sector financing: Environmental transition
Slide 8: Jérôme Grivet
Agir chaque jour dans l’intérêt de nos clients et de la société Jérôme Grivet FIRST QUARTER 2025 RESULTS 8 FIRST QUARTER 2025 RESULTS
Slide 9: Excellent Performance in CIB and AG
GROUPE CRÉDIT AGRICOLE CRÉDIT AGRICOLE S.A. EXCELLENT PERFORMANCE IN CIB AND AG Change March 25/March 24 New customers +550,000 in France, Italy and Poland On-balance sheet France (RB + LCL): 771 (+1.6%) • A new record achieved in CIB deposits in retail Italy: 64 (-2.1%) banking (€bn) Total: 835 (+1
Slide 10: High Net Pre-Tax Income
GROUPE CRÉDIT AGRICOLE HIGH NET PRE-TAX INCOME Change in net pre-tax income by business line Q1/Q1 (€m) Change in income by type Q1/Q1 (€m) +1.6% Gross operating -9.2% +€53m income €-219m +22 3,399 +523 3,347 +72 +74 (21) 2,384 (404) +32 2,165 (93) (84) (286) Impact of corporate income tax surtax: -
Slide 11: Record Revenues Recording Strong Growth
CRÉDIT AGRICOLE S.A. RECORD REVENUES RECORDING STRONG GROWTH Change in revenues by business line Q1/Q1 (€m) +6.6% +€451m +40 7,256 +142 +22 +269 (22) 6,806 Q1-24 Asset gathering Large customers SFS Retail banking Corporate centre Q1-25 Very good performance by the AG and LC business lines, gradual i
Slide 12: Support for Business Development, Low Cost/Income Ratio
CRÉDIT AGRICOLE S.A. SUPPORT FOR BUSINESS DEVELOPMENT, LOW COST/INCOME RATIO AT 55.0% Q1/Q1 change in expenses, by business line (€m) Breakdown of change by type (€m) +8.8% +€322m +138 Recurring expenses +25 3,991 +182 +63 +20 +32 3,669 +322 +72 +105 -31 +39 Q1-25 Asset gathering Large customers SFS
Slide 13: Net Pre-Tax Income Up
CRÉDIT AGRICOLE S.A. NET PRE-TAX INCOME UP Q1/Q1 change in pre-tax income by business line (€m) Change in net income Group share by P&L line (€m) +4.6% Increase in +€127m GOI -4.2% €-80m +451 +72 +3 2,900 +86 2,773 (21) (13) 1,903 +22 (322) (13) 1,824 (217) Impact of corporate income tax surtax: -€1
Slide 14: Solvency Ratios Benefiting from a Positive CRR3 Impact
CRÉDIT AGRICOLE S.A. SOLVENCY RATIOS BENEFITING FROM A POSITIVE CRR3 IMPACT Crédit Agricole S.A. CET1 ratio (bp) Group’s CET1 ratio (bp) +21 bp +44 bp +25 bp -9 bp +56 bp -10 bp 12.1% -17bp -17bp 17.6% 11.8% 17.2% -30 bp 11.7% December 24 CRR3 Retained result Business lines Regulatory effects, March
Slide 15: First Quarter 2025 Results
15 FIRST QUARTER 2025 RESULTS
Slide 16: Key Figures
KEY FIGURES CRÉDIT AGRICOLE GROUP CRÉDIT AGRICOLE S.A. 1st QUARTER 2025 1st QUARTER 2025 €10,048m €7,256m Revenues Revenues +5.5% Q1/Q1 +6.6% Q1/Q1 Gross operating €4,056m Gross operating €3,266m income income +4.1% Q1/Q1 +3.0% Q1/Q1 Pre-tax income €3,399m Pre-tax income €2,900m +1.6% Q1/Q1 +4.6% Q1
Slide 17: Retail Banking
RETAIL BANKING Regional banks LCL Italy International • Customer capture: +319K new • Gross customer capture: +67K new • Gross customer capture: +53K new • Loans outstanding +4.7% customers in Q1-25 customers in Q1-25 customers in Q1-25 March/March at constant • Outstanding loans: stability in excha
Slide 18: Asset Gathering
ASSET GATHERING Insurance Asset management Wealth management • Record revenues in Q1-25 at €14.8 billion • Record quarterly inflow of MLT assets at • Outstandings: €213 billion (+60.2% vs March (+21% Q1/Q1) +€37 billion 24) with the consolidation of Degroof Petercam’s • Savings/retirement: continuin
Slide 19: Large Customers
LARGE CUSTOMERS Corporate and investment banking Asset servicing • Assets under custody and administration respectively amounting to • Capital markets and investment banking +10.0% Q1/Q1 compared with a high €5,467 billion and €3,575 billion and up 9.0% and 4.7% March/March, baseline in Q1-24, furth
Slide 20: Specialised Financial Services
SPECIALISED FINANCIAL SERVICES Personal Finance and Mobility Leasing and factoring • Production -6.4% Q1/Q1 at €11.0 billion, in an economic context adversely affecting the automotive market in Europe and China; car financing • Leasing outstanding amounts up +5.7% year-on-year to €20.5 billion, prod