Citigroup, Inc. · NYSE:C
Citigroup — Barclays Global Financial Services Conference 2023
13 slides from Citigroup's conference presentation, Sep 13, 2023
Slide 1: Barclays Global Financial Services Conference
citi Barclays Global Financial Services Conference September 13, 2023 Jane Fraser, Chief Executive Mark Mason, Chief Financial
Slide 2: Be the banking partner for institutions with needs, a global leader in wealth
Be the banking partner for institutions with needs, a global leader in management and a valued in our home market Invest for Growth Transformation Simplification Culture and Talent #1 priority Focus on five core Build winning culture interconnected businesses Maximize unique global Relentless execut
Slide 3: Our new organizational structure aligns with our business strategy
Our new organizational structure aligns with our business strategy to focus on five core interconnected businesses U.S. Personal Banking Treasury & Trade Solutions Branded Cards Securities Services Retail Services Retail Banking Global Wealth Management Banking Fixed Income Private Bank Equities —._
Slide 4: Actions taken: Running the company differently
Actions taken Running the company differently * Aligns our organizational structure to our business strategy * Eliminates multiple management layers * Significantly reduces duplicative governance * Brings clients closer to the center ¢ Enables businesses to be run end-to-end more easily * Increases
Slide 5: We are bringing the business heads closer to the center
We are bringing the business heads closer to the center dD OC Shahmir Khaliq Andy Morton Peter Babej Andy Sieg Gonzalo Luchetti Titi Cole Head of Services Head of Markets Head of Banking (Interim) Head of Wealth Head of Head of U.S. Personal Banking Legacy Franchises citi
Slide 6: We have made significant progress on our strategy and priorities
We have made significant progress on our strategy and priorities Delivering on our Investor Day priorities Strategy Execution Simplification Culture and Talent Y Accelerated strategy in Y Closed 8 of 14 Y Coordinated v¥ Made key senior Services and Cards international leadership under leadership cha
Slide 7: Modernize our infrastructure
Modernize our infrastructure Streamline risk & control processes and enhance data analytics < 2 =] © £ = 2 n c c fe | Eliminates the ICG and PBWM management layer Reduces three non-U.S. regions to one International group Banking and International group to have a shared infrastructure Slims down and
Slide 8: TCE of 11-12% in the medium-term
TCE of 11-12% in the medium-term 4-5% revenue CAGR <60% efficiency ratio Optimize capital and RWA =a Note: Financial targets as disclosed on Citi Investor Day on March 2, 2022 on pages 23 and 26 of the Financial Overview presentation; medium term defined as 2024-2026. 8 RoTCE: Return on Tangible Com
Slide 9: Timeline and next steps
Timeline and next steps 4Q23 Earnings * Announce organizational and leadership * Provide historical financials for the new changes segments and reporting structure * Provide 2024 guidance for revenue and expense new structure * Implement segment reporting aligned with * Provide update on exits and s
Slide 10: Forward-Looking Statements
Forward-Looking Statements Certain statements in this presentation are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances.
Slide 11: New financial reporting structure
New financial reporting structure New Citigroup Reportable Operating Segments Global Wealth U.S. Personal Peni: Management Banking Treasury & Trade Fixed Income Investment Private Bank Branded Cards Solutions Banking . . Equities Wealth at Work Retail Services Securities Corporate Lending . . . Serv
Slide 12: Old financial reporting structure
Old fin ancial reportin Institutional Clients Group (ICG) Personal Banking & Wealth Management (PBWM) Legacy Franchises Corporate / Other ti Note: Represents old financial reporting segments and units; Client segments were booked in each business; Regions reported in segments and business. CITI regi
Slide 13: Our path forward comes in three phases
Our path forward comes in three phases Phase 1 Execute and Invest * Transformation execution * Investment-driven revenue growth * Manage macro factors * Investments in front office, technology and digital * Rigorous progress tracking * Consumer market exits largely complete * Start to simplify the o
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