Slide 1: Slide 1
Slide 2: Agenda
Agenda 09:30-10:00 30 minutes FY24 Results Presentation 10:00-10:30 30 minutes Progress Update 10:30-11:30 60 minutes Q&A Presenters: C.S. Venkatakrishnan and Anna Cross
Slide 3: FY 2024 Results Presentation
FY 2024 Results Presentation 13th February 2025
Slide 4: 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 4 Barclays FY24 Results February 2025 Targets Q424 actuals FY24 actuals 2024 targets 2026 targets 10.5% >10% Statutory RoTE 7.5% 10.5% excl. inorganic c.10.5% excl. inorganic >12% activity1 activity1 £3.0bn Broadly in line
Slide 5: FY24 divisional progress and execution against the plan
FY24 divisional progress and execution against the plan Barclays FY24 Results February 2025 5 FY24 Statutory RoTE Barclays UK 23.1%1 A year of disciplined execution FY26 target: high teens% Distributed £3.0bn of capital UK Corporate Bank 16.0% • £1.2bn dividend (8.4p DPS), £1.75bn share buyback FY26
Slide 6: Barclays Group Q424 and FY24
Barclays Group Q424 and FY24 Barclays FY24 Results February 2025 6 Q4241 FY241 7.5% £1.7bn 10.5% £8.1bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q423: (0.9)% Q423: £0.1bn FY23: 9.0% FY23: £6.6bn £7.0bn £0.7bn £26.8bn £2.0bn Income Impairment Income Impairment Q423: £5.6bn Q4
Slide 7: Group delivered FY24 RoTE of 10.5%
Group delivered FY24 RoTE of 10.5% Barclays FY24 Results February 2025 7 Group RoTE (%) (1.2) 2.1 (0.2) FY23 adjusted1 (0.8) RoTE: 10.6% 1.6 Includes c.70bps from less negative cash flow hedge reserve 10.6 10.5 10.5 9.0 2 FY23 RoTE Q423 SCAs Income Costs Impairment Book value growth & FY24 RoTE Othe
Slide 8: Income up 6% YoY; more stable income streams 74% of Group income
Income up 6% YoY; more stable income streams 74% of Group income Barclays FY24 Results February 2025 8 Group income (£bn) +6% More stable income streams YoY 74% >70% 26.8 25.0 25.4 of Group income in FY24 of Group income by 2026 Banking fees & 2.5 2.2 2.0 underwriting 4.3 4.5 Intermediation 6.03 2.9
Slide 9: Group NII of £11.3bn, up 3% YoY
Group NII of £11.3bn, up 3% YoY1 Barclays FY24 Results February 2025 9 Net interest income (£bn) 14.00 +3% YoY £11.2bn excluding Tesco 11.3 Guidance: >£11.0bn2 12.00 11.0 Tesco Bank 0.1 10.00 9.7 UK Corporate Bank, 4.6 Private Bank & Wealth 4.5 8.00 Management, and 3.8 Drivers of FY24 performance: U
Slide 10: £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 10 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 11: Group CIR of 62% supported by £1bn of gross efficiency savings
Group CIR of 62% supported by £1bn of gross efficiency savings Barclays FY24 Results February 2025 11 Group total costs (£bn) Includes litigation & Q423 SCA conduct and regulatory levies Q4231 Q424 of £927m Cost: income ratio Q422 FY24 2026 target 0.9 0.4 Group 69% 71% 66% 62% High 50s% 0.3 0.5 (1.0
Slide 12: 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 12 800 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,
Slide 13: Broadly stable delinquency trends in US cards
Broadly stable delinquency trends in US cards Barclays FY24 Results February 2025 13 30 day US cards delinquencies 2.7% 2.9% 3.1% 2.9% 3.0% 3.0% 2.2% 2.3% 2.4% H224 charge of £574m below H124 90 day US cards delinquencies 1.5% 1.7% 1.6% 1.6% 1.6% charge of £719m 1.2% 1.2% 1.2% 1.3% USCB loan loss ra
Slide 14: Leading indicators of UK lending growth strategy
Leading indicators of UK lending growth strategy Barclays FY24 Results February 2025 14 Mortgages (£bn) • Q4 net lending of £1.9bn1 as new business exceeds redemptions Gross lending 7.9 8.3 8.1 7.0 7.1 6.9 5.6 5.7 4.4 4.2 5.0 6.6 • Recovery of demand in the purchase market • Increased HLTV2 mix: 15%
Slide 15: Barclays UK Q424 and FY24
Barclays UK Q424 and FY24 Barclays FY24 Results February 2025 15 Q4241,2 FY241,2 28.0% £1.1bn 23.1% £3.6bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q423: 14.9% Q423: £0.6bn FY23: 19.2% FY23: £2.9bn £2.6bn £1.8bn £8.3bn £6.6bn Income Net Interest Income Income Net Interest In
Slide 16: Barclays UK delivered Q424 RoTE of 28.0%
Barclays UK delivered Q424 RoTE of 28.0% Barclays FY24 Results February 2025 16 Includes c.£60m run rate RoTE (%) Income by product (£m)1 YoY Costs (£m) costs for Tesco Bank Business 1,970 1,946 2,059 +15% 168 SCA 1,792 Banking +11% YoY 472 513 537 Barclaycard 483 231 -5% +19%2 269 249 1,147 1,215 C
Slide 17: Deposits and net lending growth, supported by the acquisition of Tesco Bank
Deposits and net lending growth, supported by the acquisition of Tesco Bank Barclays FY24 Results February 2025 17 Barclays UK deposit balances and mix (£bn) Barclays UK loans and advances1 (£bn) c.£1bn QoQ organic growth2 c.£1bn QoQ organic growth2 -£3.9bn -£0.5bn -£0.5bn +£8.0bn -£2.0bn -£2.1bn +£
Slide 18: UK Corporate Bank Q424 and FY24
UK Corporate Bank Q424 and FY24 Barclays FY24 Results February 2025 18 Q4241 FY241 12.3% £0.2bn 16.0% £0.7bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q423: 8.4% Q423: £0.1bn FY23: 20.5% FY23: £0.9bn £0.5bn £0.3bn £1.8bn £1.0bn Income Costs Income Costs Q423: £0.4bn Q423: £0.
Slide 19: UK Corporate Bank delivered Q424 RoTE of 12.3%
UK Corporate Bank delivered Q424 RoTE of 12.3% Barclays FY24 Results February 2025 19 RoTE (%) Income by product (£m) YoY Income by type (£m) YoY 477 445 458 +16% Corporate 395 477 445 458 +16% 66 71 +11% lending 67 395 64 Non-NII 153 136 134 -9% 148 Transaction 411 387 +17% 331 378 banking NII 324
Slide 20: Private Bank & Wealth Management Q424 and FY24
Private Bank & Wealth Management Q424 and FY24 Barclays FY24 Results February 2025 20 Q4241 FY241 23.9% £0.1bn 28.1% £0.4bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q423: 19.1% Q423: £0.1bn FY23: 32.7% FY23: £0.4bn £0.4bn £0.3bn £1.3bn £0.9bn Income Costs Income Costs Q423:
Slide 21: Private Bank & Wealth Management delivered Q424 RoTE of 23.9%
Private Bank & Wealth Management delivered Q424 RoTE of 23.9% Barclays FY24 Results February 2025 21 RoTE (%) Income by type (£m) YoY Costs (£m) 313 326 351 +12% SCA 29 286 135 +3% YoY 81 131 137 Non-NII 263 +15%1 228 221 NII 205 216 +19% 157 182 189 28.9 Q422 Q423 Q324 Q424 Q422 Q423 Q324 Q424 CIR
Slide 22: Investment Bank Q424 and FY24
Investment Bank Q424 and FY24 Barclays FY24 Results February 2025 22 Q4241 FY241 3.4% £0.5bn 8.5% £3.8bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q423: (2.1)% Q423: £(0.0)bn FY23: 7.0% FY23: £3.2bn £2.6bn £2.1bn £11.8bn £7.9bn Income Costs Income Costs Q423: £2.0bn Q423: £2.
Slide 23: Investment Bank delivered Q424 RoTE of 3.4%
Investment Bank delivered Q424 RoTE of 3.4% Barclays FY24 Results February 2025 23 RoTE (%) Income by business (£m)1 Costs (£m)1 YoY 2,851 SCA 169 2,607 +28% 2,156 2,037 594 YoY Banking fees & 614 +20% underwriting 480 1,890 1,916 2,090 +11%2 510 1,119 +34% 1,793 781 Intermediation 720 582 Financing
Slide 24: Income up 28% YoY; solid performance in Markets, Advisory and ECM
Income up 28% YoY; solid performance in Markets, Advisory and ECM Barclays FY24 Results February 2025 24 Global Markets Investment Banking Global Markets income (£m) Banking fees and underwriting (£m) International Corporate Bank income (£m) +33% YoY +20% YoY +36% USD +22% USD +22% YoY 1,872 614 594
Slide 25: US Consumer Bank Q424 and FY24
US Consumer Bank Q424 and FY24 Barclays FY24 Results February 2025 25 Q4241 FY241 11.2% £0.1bn 9.1% £0.4bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q423: (0.3)% Q423: £(0.0)bn FY23: 4.1% FY23: £0.2bn $34.2bn £0.9bn $34.2bn £3.3bn End net receivables2 Income End net receivabl
Slide 26: US Consumer Bank delivered Q424 RoTE of 11.2%
US Consumer Bank delivered Q424 RoTE of 11.2% Barclays FY24 Results February 2025 26 RoTE (%) Income by type (£m) YoY Costs (£m) 866 857 -1% 788 791 19 SCA 180 179 -1% YoY Non-NII 149 144 428 401 393 433 +8%1 NII 639 686 647 678 -1% Reserve Q422 Q423 Q324 Q424 Q422 Q423 Q324 Q424 build in NIM 10.64%
Slide 27: CET1 ratio within the 13-14% target range at 13.6%
CET1 ratio within the 13-14% target range at 13.6% Barclays FY24 Results February 2025 27 Q424 CET1 ratio movements Q125 items: • Share buyback: c.(30)bps • German consumer finance disposal: c.10bps (8bps) 20bps (15bps) (1bps) (21bps) 13.8% 13.6% Q324 Attributable Dividend RWA Other Tesco Bank Q424
Slide 28: Guidance on regulatory driven RWA inflation
Guidance on regulatory driven RWA inflation Barclays FY24 Results February 2025 28 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 29: RWAs increased by £17.7bn QoQ, of which c.£7bn FX
RWAs increased by £17.7bn QoQ, of which c.£7bn FX Barclays FY24 Results February 2025 29 Risk weighted assets (£bn) c.£1bn increase driven by FX IB % of Group: 58% 58% 57% 56% 3.6 0.1 4.6 1.8 0.6 7.0 c.£6bn increase driven by FX c.£7bn Tesco Bank 358.1 342.7 340.4 336.5 Q422 Q423 Q324 Barclays UK UK
Slide 30: Consistent capital and liquidity over time
Consistent capital and liquidity over time Barclays FY24 Results February 2025 30 Historical performance 13.8% 13.6% 13-14% target CET1 ratio 12.0% MDA1 hurdle 2019 2020 2021 2022 2023 2024 82% 74% Loan: deposit ratio Prudent LDR over time 2019 2020 2021 2022 2023 2024 172% Average Liquidity 155% Co
Slide 31: TNAV growth +6 pence QoQ and +26 pence YoY
TNAV growth +6 pence QoQ and +26 pence YoY Barclays FY24 Results February 2025 31 QoQ TNAV movements (pence per share) 6 1 (4) 3 335 340 351 351 357 354 354 357 Q124 Q224 Q324 Attributable profit¹ Share buyback Cash flow hedge Other² Q424 reserve YoY TNAV movements (pence per share) 7 (8) 5 (13) 35
Slide 32: 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 32 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 33: Progress Update
Progress Update 13th February 2025
Slide 34: Simpler, Better, More balanced: one year into our three-year plan
Simpler, Better, More balanced: one year into our three-year plan Barclays Progress Update February 2025 34 2021 2022 2023 2024 A different environment vs. Investor Update Market Group 1.6%2 • Quicker UK deposit stabilisation Statutory 13.1% 10.4%1 10.5% • Stronger than expected recovery in Equities
Slide 35: Per share metrics: growth of TNAV, earnings and distributions per share
Per share metrics: growth of TNAV, earnings and distributions per share Barclays Progress Update February 2025 35 vs. 2019 vs. 2023 TNAV per share (p) 262 269 291 295 331 357 +36% +8% 2019 2020 2021 2022 2023 2024 Earnings per share (p) 36.5 30.8 27.7 36.0 +152% +30% 14.3 8.8 2019 2020 2021 2022 202
Slide 36: Better returns: continuing our journey to 2026 targets
Better returns: continuing our journey to 2026 targets Barclays Progress Update February 2025 36 Statutory RoTE 2021 2022 2023 2024 2026 Barclays UK 18% 19% 19% 23.1%1 High teens % Barclays UK Corporate Bank 14% 19% 21% 16.0% High teens % Barclays 29% 31% 28.1% >25% Private Bank & Wealth Management2
Slide 37: Execution progress: on track to deploy £30bn RWAs in UK businesses
Execution progress: on track to deploy £30bn RWAs in UK businesses Barclays Progress Update February 2025 37 RWA % of Group RWA % of Group Progress against RWAs (£bn) 2023 2024 2026 targets 2023 2024 YoY +£11bn Barclays UK £74bn £85bn (incl. +c.£7bn 21% 24% Tesco bank) £13bn1 of c.£30bn planned Barc
Slide 38: Execution progress: completed Tesco Bank acquisition
Execution progress: completed Tesco Bank acquisition Barclays Progress Update February 2025 38 2024: Acquire 2025/2026: Integrate • Added £8.1bn1 unsecured balances Customer experience • Initial 10-year partnership • Onboard Tesco customers to Barclays platform • No initial change to customer platfo
Slide 39: Execution opportunity: USCB sale of American Airlines cards receivables
Execution opportunity: USCB sale of American Airlines cards receivables Barclays Progress Update February 2025 39 2026 targets RoTE In line with Group Overview of the American Airlines sale2 • Strategic decision to not bid for single-issuer airlines business End Net Receivables1 c.$40bn • Sale of re
Slide 40: Execution opportunity: USCB continues to grow and win partners
Execution opportunity: USCB continues to grow and win partners Barclays Progress Update February 2025 40 Track record of organic growth1 and partner wins Recent successes4 >80% total card receivables secured through 2029 c.85% c.90% of End Net Receivables historical renewal rate2 increase between 20
Slide 41: Execution progress: growing IB revenues, improving efficiency
Execution progress: growing IB revenues, improving efficiency Barclays Progress Update February 2025 41 Income1 (£bn) +7% YoY 0.3 0.1 0.2 0.2 Target: high single digit CAGR 11.0 11.8 from 2023 2023 Investment Banking Markets three focus Financing Industry wallet impact 2024 2026 management actions b
Slide 42: Execution progress: growing stable revenues in the Investment Bank
Execution progress: growing stable revenues in the Investment Bank Barclays Progress Update February 2025 42 11.91 11.8 Total (£bn) 11.3 11.1 11.0 2.2 2.5 8.9 2.7 2.0 3.7 Investment Banking fees 2.5 6.0 4.3 4.5 5.8 4.3 Intermediation 3.4 2.9 3.0 Financing 1.8 2.2 2.9 1.8 International 1.1 1.9 1.8 Co
Slide 43: Simpler Better More balanced Outcome
Barclays Progress Update 43 February 2025 Simpler Better More balanced Outcome
Slide 44: Plan continues to be based on realistic scenarios
Plan continues to be based on realistic scenarios Barclays Progress Update February 2025 44 UK Unemployment UK Inflation UK bank rate 20th Feb 20th Feb 3.0% 13th Feb 2024 2024 4.75% 2025 4.8% 4.8% 13th Feb 4.7% 20th Feb 2025 3.75% 2024 2.5% 2.2% 3.50% 4.5% 2.1% 4.00% 13th Feb 4.4% 2025 4.3% 3.25% 3.
Slide 45: Statutory RoTE: c.11% 2025 target, driving to above 12% target by 2026
Statutory RoTE: c.11% 2025 target, driving to above 12% target by 2026 Barclays Progress Update February 2025 45 Investments and inflation exceed efficiency savings Includes: Cash flow hedge reserve Includes: amortisation c.(0.2)% Cash flow hedge reserve Incremental equity for RWA amortisation c.<(0
Slide 46: Broad based income growth through to 2026
Broad based income growth through to 2026 Barclays Progress Update February 2025 46 Income (£bn) Target: c.30 26.8 25.0 25.4 2.5 2.2 2.0 Well positioned to 21.9 Structural hedge capture stronger 4.5 support Investment 4.3 than expected US banking fees 3.7 6.01 Balance sheet growth deal activity 3.0
Slide 47: Costs: targeting further £1bn cost efficiency savings by 2026
Costs: targeting further £1bn cost efficiency savings by 2026 Barclays Progress Update February 2025 47 Cost: income ratio (%) c.£0.5bn efficiency Includes run and savings in FY25 integrate Tesco Bank c.£0.5bn efficiency savings in FY26 Includes run and 62% integrate Tesco Bank c.61% >12% High 50s 2
Slide 48: Costs: better CIRs and further opportunities to improve
Costs: better CIRs and further opportunities to improve Barclays Progress Update February 2025 48 Cost: income ratio 2021 2022 20231 2024 2026 68% 60% Barclays UK 56% 52% c.50% Barclays 59% 49% 50% 55% High 40s% UK Corporate Bank Barclays 86% 69% 69% 70% High 60s% Private Bank & Wealth Management2 B
Slide 49: Strong capital generation supporting our capital priorities
Strong capital generation supporting our capital priorities Barclays Progress Update February 2025 49 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
Slide 50: Capital distributions: plan to return at least £10bn 2024-2026
Capital distributions: plan to return at least £10bn1 Barclays Progress Update February 2025 50 2024-20261 2025 Plan to return 2023 2024 Progressive at least £3.0bn £3.0bn increase vs. 2024 £10bn £1.8bn buyback £1.8bn buyback £1.2bn dividend £1.2bn dividend 10% DPS growth year on year 5% DPS growth
Slide 51: 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 Progress Update February 2025 51 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% (%
Slide 52: Why Barclays
Why Barclays Barclays Progress Update February 2025 52 1 High returning UK retail and corporate franchises 2 Top-tier global Investment Bank with focus and scale, operating in core UK and US markets 3 Multiple levers to allocate capital in a disciplined way to drive growth within higher returning di
Slide 53: Q&A
Q&A
Slide 54: Operational Datapack
Operational Datapack
Slide 55: Progressing against our operational scorecard
Progressing against our operational scorecard Barclays Progress Update February 2025 55 “Consistently excellent” BUK channel NPS: 51 vs. 41 FY231 Improve customer experience USCB digital NPS2: 63 vs. 61 FY23 c.20% BX colleague resources repositioned to the Reduce organisational complexity businesses
Slide 56: Barclays UK: Progress to Simpler, Better and More balanced
Barclays UK: Progress to Simpler, Better and More balanced Barclays Progress Update February 2025 56 Simpler 2024 progress Deliver operational efficiencies to • Optimising our footprint facilitate investment in growth o Met our 900+ physical footprint ambition 1 Better • 51 channel tNPS Score vs. 41
Slide 57: Tesco Bank contributes to UK growth ambitions
Tesco Bank contributes to UK growth ambitions Barclays Progress Update February 2025 57 Large customer base What is the opportunity? c.4m Tesco Bank customers Dual brand with loyal customer base • Enhanced product offering to a broader customer base 83% Credit card activity rate1 Broader customer in
Slide 58: Barclays UK financials and 2026 targets
Barclays UK financials and 2026 targets Barclays Progress Update February 2025 58 Financials 2021 2022 2023 2024 2026 Targets 23.1%1 RoTE 18% 19% 19% High teens % 7.6 8.3 Total income (£bn) 6.5 7.3 2025 NII c.£7.4bn Net interest income (£bn)2 5.2 5.9 6.4 6.6 Cost: income ratio 68% 60% 58% 52% c.50%
Slide 59: Barclays UK Corporate Bank: Progress to Simpler, Better and More balanced
Barclays UK Corporate Bank: Progress to Simpler, Better and More balanced Barclays Progress Update February 2025 59 Simpler 2024 progress Drive productivity and • 40% self-served client interactions vs. c.30% as at seamless digital delivery FY23 Better Grow broad-based income through deeper client •
Slide 60: Barclays UK Corporate Bank financials and 2026 targets
Barclays UK Corporate Bank financials and 2026 targets Barclays Progress Update February 2025 60 Financials 2021 2022 2023 2024 2026 Targets RoTE 14% 19% 21% 16.0% High teens % Deliver high-quality growth Income (£bn) 1.3 1.7 1.8 1.8 across broad sources Cost: income ratio 59% 49% 52% 55% High 40s %
Slide 61: Barclays Private Bank and Wealth Management: Progress to Simpler, Better and More balanced
Barclays Private Bank and Wealth Management: Progress to Simpler, Barclays Progress Update February 2025 61 Better and More balanced 2024 progress Simpler • New structure implemented New business structure o PBWM UK: Serving clients across the UK wealth Driving cost efficiencies to continuum reinves
Slide 62: Barclays Private Bank and Wealth Management financials and 2026 targets
Barclays Private Bank and Wealth Management financials and 2026 targets Barclays Progress Update February 2025 62 Financials1 2021 2022 2023 2024 2026 Targets 31% RoTE 14% 29% 28.1% >25% Deliver high-quality growth Income (£bn) 1.0 1.2 1.3 1.3 across broad sources Cost: income ratio 86% 69% 69% 70%
Slide 63: Global Markets: Progress to Simpler, Better and More balanced
Global Markets: Progress to Simpler, Better and More balanced Barclays Progress Update February 2025 63 Simpler 2024 progress Monetise our deep client relationships • 56 Top 5 rank with Top 100 clients1,+7 YoY Maintain our prudent risk • 3 Trading loss days vs. 7 at FY23 management Better Sustain mo
Slide 64: Investment Banking: Progress to Simpler, Better and More balanced
Investment Banking: Progress to Simpler, Better and More balanced Barclays Progress Update February 2025 64 Simpler 2024 progress • +c.90% growth in US deposits1 vs. FY23 Treasury Coverage • Lead treasury bankers assigned to 800 top clients representing c.50% of capital2 and c.45% of revenue2 Better
Slide 65: Barclays Investment Bank financials and 2026 targets
Barclays Investment Bank financials and 2026 targets Barclays Progress Update February 2025 65 Financials 2021 2022 2023 2024 2026 Targets 14% RoTE 9% 7% 8.5% In line with Group 11.91 11.8 Income (£bn) 11.1 11.0 High single digit CAGR 69% 70% Cost: income 59% 67% High 50s % Broadly stable RWA (£bn)
Slide 66: Barclays US Consumer Bank: Progress to Simpler, Better and More balanced
Barclays US Consumer Bank: Progress to Simpler, Better and More balanced Barclays Progress Update February 2025 66 Simpler 2024 progress • +13% YoY increase in digital interactions Invest in digitisation to deliver o Launched new unified app to access products operational efficiencies and enhanced c
Slide 67: Barclays US Consumer Bank financials and 2026 targets
Barclays US Consumer Bank financials and 2026 targets Barclays Progress Update February 2025 67 Key Metrics1 2021 2022 2023 2024 2026 Targets 17% RoTE 13% 4% 9.1% In line with Group End Net Receivables ($bn)2 22 29 32 34 c.$40bn Net interest margin (%) 7.6% 9.7% 10.9% 10.7% >12% Cost: Income ratio (
Slide 68: Appendix
Appendix
Slide 69: Head Office Q424
Head Office Q424 Barclays Progress Update February 2025 69 Income (£m) Inorganic activity in FY241 195 188 YoY FY24 P&L CET1 ratio 124 RWAs RoTE Completed 76 -61% impact impact 80 impact 92 German 74 Performing Italian Cards 88 +10% Broadly mortgages £(220)m c.£0.8bn c.(45)bps neutral Q224 66 portfo
Slide 70: Structural hedge notional and income allocation to businesses
Structural hedge notional and income allocation to businesses Barclays Progress Update February 2025 70 Structural hedge notional (£bn) Illustrative structural hedge income allocation Product hedge Equity hedge 263 allocation allocation1 246 243 239 228 234 232 Barclays UK c.85% 21% UK Corporate Ban
Slide 71: Low interest rate sensitivity, with four rate cuts expected in 2025
Low interest rate sensitivity, with four rate cuts expected in 2025 Barclays Progress Update February 2025 71 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 calcu
Slide 72: Well provisioned balance sheet
Well provisioned balance sheet Barclays Progress Update February 2025 72 Balance sheet provisions for ECL (£bn) Credit impairment charges (£m) 5022 6.3 Barclays UK 742 UK Corporate Bank Off-balance sheet 0.5 5.5 374 40 Private Bank & 0.4 16 Wealth Management 46 13 43 Investment Bank On-balance sheet
Slide 73: Resilient mortgage book with customers proactively locking in rates
Resilient mortgage book with customers proactively locking in rates Barclays Progress Update February 2025 73 Mortgage portfolio Maturity profile • 53.0% average balance weighted LTV of mortgage stock • 23% of total balances maturing in FY252 o 39.7% average valuation weighted LTV • 11% of total bal
Slide 74: Long-term prudent risk positioning in our credit card portfolios
Long-term prudent risk positioning in our credit card portfolios Barclays Progress Update February 2025 74 UK cards US cards • Balances c.2% higher1 vs. FY19 with strong and stable credit quality • Controlled portfolio growth with improved risk mix • Repayment rates remain elevated across the risk s
Slide 75: Commercial Real Estate exposure is modest and well managed
Commercial Real Estate exposure is modest and well managed Barclays Progress Update February 2025 75 4.7%1 of customer loans and advances (L&A), with a weighted average LTV of 49%2 Retail Customer loans & £351bn Construction £1.2bn advances3 £2.2bn Residential £16.4bn £4.2bn CRE exposure by type Oth
Slide 76: Risk transfer transactions enhance Barclays' risk management capabilities
Risk transfer transactions enhance Barclays’ risk management capabilities Barclays Progress Update February 2025 76 Purpose Barclays transfers c.£57bn1 risk via a variety of structures UK Corporate Bank and Investment Bank • The banking book has inherent credit Corporate risk, driving risk weight de
Slide 77: Risk transfer activities focused on corporate loans and credit cards
Risk transfer activities focused on corporate loans and credit cards Barclays Progress Update February 2025 77 Corporate loans US credit cards • Colonnade programme established in 2016 • Initiated risk transfer in Q124 to help optimise • Deployed against exposure in the UK Corporate Bank and Investm
Slide 78: Diverse and stable franchise deposit base
Diverse and stable franchise deposit base Barclays Progress Update February 2025 78 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
Slide 79: Prudently managed LCR supported by a highly liquid balance sheet
Prudently managed LCR supported by a highly liquid balance sheet Barclays Progress Update February 2025 79 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 Li
Slide 80: CET1 ratio within the 13-14% target range
CET1 ratio within the 13-14% target range Barclays Progress Update February 2025 80 FY24 CET1 ratio movements (34bps) (21bps) 141bps (35bps) (27bps) (29bps) (21bps) 13.8% 13.5% 13.6% Q423 FY23 buyback Q423 rebased Attributable¹ Dividends paid & H124 buyback RWA Other Tesco Bank Q424 profit accrued e
Slide 81: CET1 ratio with significant headroom to MDA
CET1 ratio with significant headroom to MDA Barclays Progress Update February 2025 81 CET1 minimum requirements • 0.1% increase in Pillar 2A applicable from Q125 until USCB IRB model implementation MDA 12.0% 12.2% • This incremental adjustment takes into account Pillar 1.0% 2A we were already holdin
Slide 82: Operating with a prudent buffer to each tier of capital requirements
Operating with a prudent buffer to each tier of capital requirements Barclays Progress Update February 2025 82 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
Slide 83: Progress across our sustainability, community and colleague initiatives
Progress across our sustainability, community and colleague initiatives Barclays Progress Update February 2025 83 Delivering on our climate ambition Positive impacts in communities Skills and employability 6m+ people supported to access skills and Sustainable and Transition financing facilitated emp
Slide 84: Macroeconomic variables
Macroeconomic variables Barclays Progress Update February 2025 84 Actuals/assumptions Assumptions 2024 2025 2026 UK GDP1 0.8% 1.3% 1.4% UK unemployment2 4.3% 4.4% 4.5% UK bank rate3 4.75% 3.75% 3.50% Sterling 5-year swap rate4 4.04%5 3.42% 3.39% UK inflation7 2.5% 2.1% 2.2% Plan US GDP1 2.8% 1.8% 2.
Slide 85: Disclaimer
Disclaimer Barclays Progress Update February 2025 85 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