Barclays Plc · LSE:BARC
Barclays — Debt Investor Presentation (February 2025)
19 slides from Barclays's debt investor presentation, Feb 13, 2025
Slide 1: Q4 2024 Fixed Income Investor Call
Q4 2024 Fixed Income Investor Call 13th February 2025
Slide 2: Anna Cross, Group Finance Director
Anna Cross Group Finance Director
Slide 3: We achieved our 2024 financial targets and are on the path to 2026 delivery
We achieved our 2024 financial targets and are on the path to 2026 delivery Barclays FY24 Results February 2025 3 2024 actuals 2025 guidance 2026 targets Statutory RoTE 10.5% c.11% >12% Progressive increase At least £10bn1 Total payout £3.0bn vs. 20241 2024-2026 Investment Bank RWAs 56% c.50% (% of
Slide 4: FY24 LLR of 46bps; maintaining through the cycle guidance of 50-60bps
FY24 LLR of 46bps; maintaining through the cycle guidance of 50-60bps Barclays FY24 Results February 2025 4 800 0 Loan loss rate (bps) LLR guidance over Impairment charge (£m) 636 FY24-FY26 period 610 US Consumer Bank 582 514 600 431 515 237 US Consumer Bank 438 0 411 411 395 Trend towards 1,438 1,2
Slide 5: Daniel Fairclough, Group Treasurer
Daniel Fairclough Group Treasurer
Slide 6: FY24 highlights
FY24 highlights Barclays FY24 Results February 2025 6 Strong balance sheet evidenced across key metrics 13.6% Prudently managed capital position vs. 13-14% Capital 13.9% 13.8% CET1 target range 34.4% MREL 33.5% 33.6% MREL MREL position of £123bn 172% Robust liquidity levels; Liquidity 156% 161% Aver
Slide 7: CET1 ratio within the 13-14% target range
CET1 ratio within the 13-14% target range Barclays FY24 Results February 2025 7 Q125 items: Q424 CET1 ratio movements • Share buyback: c.(30)bps • German consumer finance disposal: c.10bps 20bps (8bps) (15bps) (1bps) (21bps) 13.8% 13.6% Q324 Attributable¹ Dividend RWA Other Tesco Bank acquisition Q4
Slide 8: Guidance on regulatory driven RWA inflation
Guidance on regulatory driven RWA inflation Barclays FY24 Results February 2025 8 Prior guidance of c.£19-26bn total impact unchanged USCB IRB migration: c.£16bn • US Consumer Bank total estimated impact of £16bn unchanged1 2026/2027 • Timing and quantum remains subject to model build and portfolio
Slide 9: Strong capital generation supporting our capital priorities
Strong capital generation supporting our capital priorities Barclays FY24 Results February 2025 9 Statutory Capital Capital priorities RoTE targets generation1 Regulatory 13-14% target CET1 1. capital range 2025 c.11% c.170bps (bps of CET1) Shareholder Plan to return at least 2. £10bn 2024-20262 dis
Slide 10: Operating with a prudent buffer to each tier of capital requirements
Operating with a prudent buffer to each tier of capital requirements Barclays FY24 Results February 2025 10 Q424: AT1 and T2 needs managed on a total capital basis Balanced total capital structure • Operating with prudent buffers at each part of the capital stack to manage FX and RWA movements 19.6%
Slide 11: MREL position well established
MREL position well established Barclays FY24 Results February 2025 11 MREL position at Q424 HoldCo issuance 34.4% • c.£15bn issued across senior, T2 and AT1 in 2024 (£123.3bn) 30.2% (£108.0bn) • c.£14bn issuance plan for 2025, of which c.£13bn remains to be issued CCyB: 1.0% • MREL issuance plan con
Slide 12: Diverse and stable franchise deposit base
Diverse and stable franchise deposit base Barclays FY24 Results February 2025 12 QoQ movements Investment Bank BUK: Personal Banking £128bn, +5% £191bn, +5%5 • International Corporate Bank1: £104bn, +2% • 74% insured • Treasury deposits: £23bn, +20% • >80% of relationships 5+ years Total PBWM UK Cor
Slide 13: Prudently managed LCR supported by a highly liquid balance sheet
Prudently managed LCR supported by a highly liquid balance sheet Barclays FY24 Results February 2025 13 Average LCR1 Average NSFR2 73% of Liquidity Pool held in cash HTC £22bn 167% 170% 172% 138% 136% 136% 136% 135% 7% 161% 163% FVOCI £59bn 20% Q423 Q124 Q224 Q324 Q424 Q423 Q124 Q224 Q324 Q424 Liqui
Slide 14: £1.3bn structural hedge income in Q424; £4.7bn for FY24
£1.3bn structural hedge income in Q424; £4.7bn for FY24 Barclays FY24 Results February 2025 14 Gross hedge income expected to continue to grow 10.0 4.1% 4.0% Gross contribution 09.0 3.4% resilient to marginal 08.0 changes in rates 07.0 and hedge notional GBP 5yr swap rate1 06.0 1.0% 2.0% Average 05.
Slide 15: Low interest rate sensitivity, with four rate cuts expected in 2025
Low interest rate sensitivity, with four rate cuts expected in 2025 Barclays FY24 Results February 2025 15 Illustrative -25bps interest rate sensitivity1 Year 1 Year 2 Year 3 • Illustrative Group income impact from a 25bps downward parallel shift in interest rate curves • The sensitivity is calculat
Slide 16: Targeting Barclays PLC to be "A" composite across all indices over time
Targeting Barclays PLC to be “A” composite across all indices over time Barclays FY24 Results February 2025 16 All credit ratings affirmed in 2024 Current Senior long and short term ratings • HoldCo Senior composite “A” rated for two of four Moody’s Standard & Poor’s Fitch indices Baa1 BBB+ A • One
Slide 17: Q&A
Q&A
Slide 18: Issued £15.1bn in 2024
Issued £15.1bn in 2024 Barclays FY24 Results February 2025 18 2024-2025 HoldCo benchmark Annual HoldCo issuance volume (£bn) and currency1,2 issuance 15.1 c.14 15.0 Jan-24: EUR 1.0bn 14.1 plan Senior 12.1 Mar-24: USD 4.5bn multi-tranche 11.0 Senior 8.6 10.7 Mar-24: GBP 1.0bn 7.8 9.8 11.8 Senior 10.2
Slide 19: Disclaimer
Disclaimer Barclays FY24 Results February 2025 19 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
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