Barclays Plc · LSE:BARC
Barclays — IPO Roadshow (November 2013)
22 slides from Barclays's IPO roadshow presentation, Nov 4, 2013
Slide 1: AT1 Contingent Convertible Securities Investor Presentation, 4 November 2013
Free Writing Prospectus Filed Pursuant to Rule 433 Reg. Statement No. 333-173886 Free Filed Reg. AT1 4Investor November Contingent Writing Statement Pursuant presentation 2013 Prospectus toNo. Convertible Rule 333-173886 433 Securities
Slide 2: Executive Summary
EXECUTIVE Executive Following Equity Offering —Transition —5.8bn -2015, 21Please CRD Conversion SEC-registered. End-state Assuming |End-state AT1increasing see IV Tier Contingent rights and summary slide completion capital capital 1atowards into (CET1) 1.60 SUMMARY PRA issue 18 current Barclays stru
Slide 3: End-state Capital Structure
EXECUTIVE End-state Our 17.8% Total Ł14.9bn 4.0% Ł9.1bn 2.5% unsecured T1 1.5% Internal 11.3% G-SII 2.0% 9% Ł42.0bn CT1 Capital Barclays CET1 4.5% Buffer capital (CRD While November AT1 Leverage T2 -debt As 31Please minimum “internal without while 50bps |Based AT1 /5.0% (Traditional) target part “ta
Slide 4: Value of AT1 in the Capital Structure
EXECUTIVE Value Example assuming discretionary Percentage CBR MDA 3.375% 60% 40% 2.25% buffer buffers 20% requirement and 1.125% of Restrictions AT1 1.5% 0% distributions the Minimum T1 under Art. CET1 Capital 4.5% 6.0% meet 1Please Inclusion calculated Expressed (CET1 4-In AT1 aif|Up Lower Non-dilu
Slide 5: Mitigating Barclays' Capital Restrictions
EXECUTIVE Mitigating Barclays Mandatory (Art. significant •trigger, CET1 12% date 9.6% 10% 7.9% 9% 8% 7% 6% 0.5% 4% 0.6% assuming 2% Distributions 3.5% 0% AdjustedQ3 Estimated 21To (including 5Prospectus CBR Between Barclays This |Dividends AT1 7% MDA Trajectory 2.0% 1.5% 10%. 4.0% restrictions 10.5
Slide 6: Managing Barclays' Distributions
EXECUTIVE Managing Barclays’ In -include: Board prospectus expectation dividends, policy Barclays on €m 5,000 Total 4,000 Distributions 3,000 Hybrid 2,000 (Variable 01,000 2010 621Please Targeted Variable Rights Ordinary As Distributions |Relate addition AT1 Barclays’ Total per 2011 distribution: Hy
Slide 7: On-going Capital Requirements
EXECUTIVE On-going Both Total 17.0% T2 5.0% contingent 2% unsecured 1.5% AT1 Internal 9% Buffer Conservation Capital 2.5% 7% G-SII 2.0% Barclays CET1 4.5% CRD capital Based We Pillar -final -Countercyclical -would While Maintaining 7Please Countercyclical Pillar currently PRA would | AT1 /are CCyB S
Slide 8: AT1 Contingent Convertible Securities Terms
EXECUTIVE AT1 Issuer Expected Currency Subordination Subordinated Maturity Interest quarterly Capital CET1 Automatic trigger and Depository is both, We converted Conversion Share 8Please |undertaken, AT1 expect automatically contingent depending Offer Barclays ratio refer see event Contingent adequa
Slide 9: AT1 Contractual Terms
EXECUTIVE AT1 Contractual of should proposed Tax amounts for were regulations Securities Regulatory regulatory in, Denominations Listing Governing Risk or and 9Please | about UK AT1 or United in call contingent factors written counting Barclays bail-in refer see be SIX Contingent At November or amen
Slide 10: Appendix
EXECUTIVE 10 Appendix | AT1 Contingent SUMMARY Convertible CAPITAL Securities PLANS | 4 November CAPITAL 2013 REQUIREMENTS AT1 SECURITIES APPENDIX
Slide 11: Conversion Mechanism Timeline
EXECUTIVE In Upon Shares As the -stability To On Securities T PRA, and Trigger If Conversion Please 11Thereafter, In If =elected, the |maintain set GBP the elected, AT1 0determining trustee Max securities aunlikely out see are relevant Trigger Event Contingent equivalent remain conversion in slide d
Slide 12: Barclays Leverage Delivery
EXECUTIVE Barclays Delivery Leverage > 0.4 H1 2.2 PRA leverage The Underwritten -Reduction Issuance Retention 1Please 12 Already No Continue Reflects 3.0 |2013 0.1 AT1 Leverage material net see 0.1 of Contingent ratio Rights of Leverage ratios identified of already slide of to expenses up 3% earning
Slide 13: Estimated CET1 Ratio Impact
EXECUTIVE Estimated1 Łbn CT1 Conversion Goodwill Expected Deferred Adjustments impacted Debit provisions transitional Gains Non-significant Mitigation Credit CRD on Other Gross RWAs CET1 Rights Estimated 1Please 13Estimated |RWAs AT1 30 Capital Ratio IV Valuation 11.7 on impact Capital Ratio Valuati
Slide 14: Estimated Capital Resources
EXECUTIVE Estimated 2013 Capital shares equity The subject (30 Ł2.5bn) treatment standards transitional CRD Please 14 | June AT1 30 we IV, IV and gains see September to Resources in fully Contingent submitted 2013: models of on acapital CRD slide interim the and capital technical tranche which own l
Slide 15: Estimated RWAs
EXECUTIVE Estimated RWAs be securitisation definition Deferred conditions Please 15 ‘Qualifying’. | AT1see It Contingent is Tax of CRD capital slide as assumed default Assets, at positions SUMMARY 18 30 IV The ratios for September capital remains that Convertible final Significant glossary while are
Slide 16: Structural Comparison of Issues
EXECUTIVE Structural Issuer Issue Tenor Size Discretionary, cumulative Interest Mandatory can 5.125% 7.00% 7% 6% Loss Equity Conversion mechanism (% Offering Clawback Listing BB [BB+] Rating [] Ba3 21Please 16 Assuming (S&P) |current Tier Capital (Fitch) apply AT1 (Moody’s) [absorption date ]Perpetu
Slide 17: Key Assumptions
EXECUTIVE Key These 1Interest -For Please 17 Adjusted As We Minimum Capital G-SII For January | calculation illustration AT1 part assumptions have estimated assumed illustration assumptions see buffer payments Contingent of conservation 2016 excluded slide Q3 Transform, our CET1 as athat SUMMARY 201
Slide 18: AT1 Glossary
EXECUTIVE AT1: Glossary CET1: CBR: PLAC: PRA: CRD: PVA: CRR: RRD: EBA: RWA: FSA: T1: FSB: T2: G-SII: 18 | Tier AT1 Additional Financial Prudential European Combined Capital Recovery Risk Global Common Primary 21Contingent Weighted Requirements –SUMMARY Stability Services Systemically Loss Banking an
Slide 19: Disclaimer
EXECUTIVE Disclaimer not and supplement offering 4, Capital This Article whom available this Risks Investing Barclays may Securities Ratio; amount CET1 dated 19 2013, | be AT1 Exchange document cancel presentation September associated Ratio. (5) reproduced it19(5) Inc. of of when may Contingent Bank
Slide 20: Forward-looking Disclaimer
EXECUTIVE Forward-looking Disclaimer This Act forward-looking by “estimate,” income banking for affected practices and effects issued future the currently differ materially Supplement 2013, Any events. contained consult 20 |the future policies application AT1 of other forward-looking presentation ma
Slide 21: Disclaimer (continued)
EXECUTIVE Disclaimer Certain Capital not on set calculation basis CRD currently CET1 Estimated the slide 21 |CRD out CET1 cash yet AT1 13 that IV ratio in required Requirements non-IFRS for received IV is CET1 risk Contingent applies Part currently ratio CET1 dependent of (continued) on further tran
Slide 22: Contact Information
EXECUTIVE Contact Steven Treasury steven.penketh@barclays.com Investor Charlie charlie.rozes@barclays.com Capital Peter +44 peter.jurdjevic@barclays.com 22 http://group.barclays.com/about-barclays/investor-relations#debt-investors Website | AT1 (0)20 Jurdjevic Penketh Products Rozes Information Rela