Societe Generale S.a. Class A · EURONEXT:GLE
Societe Generale S.a. Class A — Debt Investor Presentation (September 2013)
73 slides from Societe Generale S.a. Class A's debt investor presentation, September 2013
Slide 1: Presentation to Debt Investors September 2013
SOCIETE GENERALE PRESENTATION TO DEBT INVESTORS SEPTEMBER 2013
Slide 2: Disclaimer
DISCLAIMER This document may contain a number of forecasts and comments relating to the targets and strategies of the Societe Generale Group. These forecasts are based on a series of assumptions, both general and specific, notably - unless specified otherwise - the application of accounting principl
Slide 3: 2nd Quarter and 1st Half Results
2ND QUARTER AND 1ST HALF RESULTS GROUP FUNDING STRATEGY AND RATINGS SUPPLEMENTARY DATA SEPTEMBER 2013
Slide 4: Strong Business Performances, Basel 3 Core Tier 1 Ratio at 9.4%
SOCIETE GENERALE GROUP STRONG BUSINESS PERFORMANCES, BASEL 3 CORE TIER 1 RATIO** AT 9.4% Solid revenues, notably in French Networks and Corporate & Investment Banking Cost Income ratio* down -2.6 pt vs. Q2 12 Good business Reported Group Net Income EUR 955m in Q2 13, EUR 1,319m in H1 13 performances
Slide 5: Solid Recurring Income Generation from Businesses
SOCIETE GENERALE GROUP SOLID RECURRING INCOME GENERATION FROM BUSINESSES Gross operating income from businesses (1) Gross operating income from businesses (1) up (in EUR m) 4,803 4,877 TOTAL +4.3%* vs. H1 12 CORPORATE AND Up +7.9%* in Corporate and Investment Banking 1,447 +7.9%* 1,532 INVESTMENT BA
Slide 6: Continued Reinforcement of Capital Ratios
SOCIETE GENERALE GROUP CONTINUED REINFORCEMENT OF CAPITAL RATIOS Basel 3 Core Tier 1 ratio Fully loaded Basel 3 CT1 ratio: 9.4%(1) at end- +15bp June, +73bp on the quarter +19bp +12bp +6bp • Retained earnings(2) & scrip dividend: +27bp +21bp Legacy RWA • Significant legacy assets deleveraging: +12bp
Slide 7: Increased Solvency Ratios Thanks to Capital Generation and Deleveraging
SOCIETE GENERALE GROUP INCREASED SOLVENCY RATIOS THANKS TO TWO YEARS OF STRONG CAPITAL GENERATION AND DELEVERAGING Strong capital generation: shareholder equity up Basel 2.5 Credit RWA (in EUR bn bn)) EUR+1.8bn vs. end-June 2011 -22 +2 -+6 -11 Rapid legacy asset deleveraging since June 2011 Business
Slide 8: Improving Balance Sheet Structure
SOCIETE GENERALE GROUP IMPROVING BALANCE SHEET STRUCTURE(1) Short term funding trends (in EUR bn) 2013 long term funding needs already satisfied • EUR 19.1bn raised year to date(2) • Diversified funding sources, predominantly unsecured: public issuance, private placements 142 131 • Average maturity
Slide 9: Cost Reduction Programme on Track
SOCIETE GENERALE GROUP COST REDUCTION PROGRAMME ON TRACK Stabilise 2015 cost base at 2012 level by delivering EUR 900m of recurring cost savings by 2015 900 • EUR 170m already secured in H1 13 EUR 600m transformation costs, spread over three years 325 • EUR 125m booked in H1 13 600 2015 60 Examples
Slide 10: Further Decrease in Cost of Risk
SOCIETE GENERALE GROUP FURTHER DECREASE IN COST OF RISK Cost of risk French Networks bp))(1)(2) (in bp • Decrease on mid-size corporates Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 • Stable at a low level on individual customers 65 65 45 46 58 • Reinforced collective impairments on corporates FRENCH NETWORKS Inte
Slide 11: Consolidated Results
SOCIETE GENERALE GROUP CONSOLIDATED RESULTS Group results Net Banking Income(1): EUR 6.2bn in Q2 13 (in EUR m) • Good revenues supported by strong French Retail Networks and Corporate Change Change and Investment Banking franchise In EUR m Q2 12 Q2 13 H1 12 H1 13 Net banking income 6,272 6,233 -0.6%
Slide 12: French Networks: Strong Performance Despite Slow Economic Environment
FRENCH NETWORKS STRONG PERFORMANCE DESPITE THE SLOW ECONOMIC ENVIRONMENT Loans and deposits (in EUR bn) Resilient business activity • Continued solid growth in individual and corporate deposits: +9.8% vs. Q2 12 176 177 177 176 176 LOANS 146 149 155 141 143 • Stable loan outstandings DEPOSITS • L/D r
Slide 13: A Unique Midcap Investment Banking Platform in the French Market
FRENCH NETWORKS A UNIQUE MIDCAP INVESTMENT BANKING PLATFORM IN THE FRENCH MARKET Private Placements MCIB is a joint venture between French Networks and SG CIB generating high level of cross selling within the Group Leading position on the French Midcap Investment Banking segment • Active in M&A, ECM
Slide 14: International Retail Banking: On-going Adaptation
INTERNATIONAL RETAIL BANKING ON-GOING ADAPTATION Increase in deposits +5.3%* vs. Q2 12 and solid Loan and deposit outstandings breakdown (In EUR bn – Change vs. Q2 12 in %* ) growth in loans on individual customer segment +8.3%* +1.3%* 61.7 63.6 +5.3%* ROMANIA Slight increase in NBI (+1.6%*) against
Slide 15: International Retail Banking: On-going Adaptation (Russia, Romania)
INTERNATIONAL RETAIL BANKING ON-GOING ADAPTATION SG Russia results (1), (2) (in EUR m) SG Russia: encouraging results In EUR m Q2 12 Q2 13 Change H1 12 H1 13 Change • Solid growth in loan outstandings and deposits to Net banking income 325 327 +5.2%* 638 661 +10.4%* individual customers (+16%* and +
Slide 16: Insurance: Continued Expansion in Partnership with Retail Networks
SPECIALISED FINANCIAL SERVICES AND INSURANCE INSURANCE: CONTINUED EXPANSION IN PARTNERSHIP WITH RETAIL NETWORKS France: sound business development Insurance awards in France • Life: outstandings up +5.1%* vs. Q2 12 • Personal Protection, Property and Casualty : dynamic activity, premiums up + 11.8%*
Slide 17: Specialised Financial Services: Increased Profitability
SPECIALISED FINANCIAL SERVICES AND INSURANCE SPECIALISED FINANCIAL SERVICES: INCREASED PROFITABILITY ALD Automotive(1): record performance Business Group Net Income • Dynamic fleet growth (+5.2%(2) vs. Q2 12) (in EUR m) -26 36 78 92 116 TOTAL (3) • Successful partnership strategy with manufacturers
Slide 18: Corporate and Investment Banking: Solid Performance in Core Businesses
CORPORATE AND INVESTMENT BANKING SOLID PERFORMANCE IN CORE BUSINESSES: NBI UP +20% vs. Q2 12 / UNDERLYING +15%(1) Equities: NBI +42% vs. Q2 12 / underlying +38%(1) Awards & Rankings (As of end-June 2013) • Strong revenues on Flow Equity Derivatives in Asia • Sustained commercial activity on Structur
Slide 19: Corporate and Investment Banking: Strong Net Income Increase
CORPORATE AND INVESTMENT BANKING STRONG NET INCOME INCREASE Net Banking Income Revenues: EUR 1,688m, up +38% vs. Q2 12 (in EUR bn bn)) 1.2 1.6 1.5 1.9 1.7 TOTAL • Core CIB: EUR 1,604m, up +20% vs. Q2 12 FIXED INCOME, CURRENCIES, COMMODITIES 0.8 0.7 0.5 Cost Income ratio maintained at a low level: 61
Slide 20: Private Banking, Global Investment Management and Services: Improved Net Contribution
PRIVATE BANKING, GLOBAL INVESTMENT MANAGEMENT AND SERVICES IMPROVED NET CONTRIBUTION Private Banking Group Net Income(2) • Assets under management EUR 84.5bn (in EUR m) • Revenues up +25.7%(1) vs. Q2 12 thanks to 71 63 72 73 84 TOTAL continued strong client activity 15 SECURITIES 4 SERVICES AND 11 S
Slide 21: Corporate Centre
SOCIETE GENERALE GROUP CORPORATE CENTRE(1) Corporate Centre results Impact from revaluation of own financial liabilities (in EUR m) • EUR +53m before tax and EUR +35m after tax in Q2 13 Q2 12 Q2 13 H1 12 H1 13 Underlying GOI(2): EUR -145m in Q2 13 and Net banking income 363 (16) 133 (1,303) Operatin
Slide 22: Key Figures
SOCIETE GENERALE GROUP KEY FIGURES Chg Chg Chg H1 In EUR m Q2 13 H1 13 Q2 vs. Q1 Q2 vs. Q2 vs. H1 Net banking income 6,233 +22.5% -0.6% 11,321 -10.0% Operating expenses (3,908) -3.9% -1.9% (7,975) -4.0% Net cost of risk (986) +6.4% +20.0% (1,913) +11.0% Group net income 955 x 2.6 x2.2 1,319 +12.6% F
Slide 23: On-going Transformation: Good Results and Reinforced Balance Sheet Structure
SOCIETE GENERALE GROUP ON-GOING TRANSFORMATION: GOOD RESULTS AND REINFORCED BALANCE SHEET STRUCTURE Adaptation of business models: good results during the first semester of 2013 • Growth in underlying NBI • Positive momentum in all businesses • Disciplined risk management and sound credit portfolio
Slide 24: Building Together
BUILDING TOGETHER TEAM SOCIETE SPIRIT GENERALE
Slide 25: Group Funding Strategy and Ratings
2ND QUARTER AND 1ST HALF RESULTS GROUP FUNDING STRATEGY AND RATINGS SUPPLEMENTARY DATA
Slide 26: 2013 Long Term Funding Program
GROUP FUNDING STRATEGY AND RATINGS 2013 LONG TERM FUNDING PROGRAM The 2013 funding program has been set to EUR 18 to 20bn As of September 2, EUR 21.1bn have been raised, excluding securitization: • EUR 6.1bn of unsecured vanilla funding (o/w EUR 3.3bn through benchmark transactions, and EUR 2.8bn th
Slide 27: Issue of the First AT1 with Write-down / Write-up Mechanism
GROUP FUNDING STRATEGY AND RATINGS ISSUE OF THE FIRST AT1 WITH WRITE-DOWN / WRITE-UP MECHANISM POST CRR Issuer Société Générale (A2 stab / A neg / A stab / AA (low)) (Moody’s / S&P / Fitch / DBRS) Issue size USD 1.25 bn Settlement date Sept. 6, 2013 Issue’s ratings Ba3 / BB+ / BB (Moody’s / S&P / Fi
Slide 28: 2013 Secured Funding
GROUP FUNDING STRATEGY AND RATINGS 2013 SECURED FUNDING Secured issuances* represent slightly over 6% of the 2013 Funding as of September 2 SG SCF (Société de Crédit Foncier) • Inaugural issuance from SG SCF in 2008 • Benefits from a specific legal framework • Cover pool exclusively includes exposur
Slide 29: Credit Ratings Overview
GROUP FUNDING STRATEGY AND RATINGS CREDIT RATINGS OVERVIEW DBRS Fitch Ratings Moody's Standard & Poor's Latest rating date 30/05/2013 17/07/2013 21/06/2012 25/10/2012 Senior Long-term debt AA (low) A A2 A Outlook Negative Stable Stable Negative Senior Short-term debt R-1 (middle) F1 Prime-1 A-1 Tier
Slide 30: Appendix: SG SCF Covered Bond Programme
GROUP FUNDING STRATEGY AND RATINGS APPENDIX: SG SCF COVERED BOND PROGRAMME • Société Générale SCF (Société de Crédit Foncier) has been established in October 2007. The inaugural issuance took place in May 2008 Program Term • EUR 15bn EMTN program • Rated AAA (S&P) / Aaa (Moody’s) • Listing: Euronext
Slide 31: Appendix: SG SFH Covered Bond Programme
GROUP FUNDING STRATEGY AND RATINGS APPENDIX: SG SFH COVERED BOND PROGRAMME • Société Générale SFH (Société de Financement de l’Habitat) was created in April 2011 • The inaugural issuance took place in May 2011 Program • EUR 25bn EMTN Program • Listing: Euronext Paris At SG SFH level (following restr
Slide 32: Appendix: SG SFH Cover Pool Characteristics
GROUP FUNDING STRATEGY AND RATINGS APPENDIX: SG SFH COVER POOL CHARACTERISTICS Loan type 100% prime French residential loans guaranteed by Crédit Logement (A+/Aa3) Pool size EUR 25.5bn Number of loans 361,300 (average EUR 70,462 balance remaining per loan) Current WA LTV 60.73% WA Seasoning 54 month
Slide 33: Supplementary Data
2ND QUARTER AND 1ST HALF RESULTS GROUP FUNDING STRATEGY AND RATINGS SUPPLEMENTARY DATA
Slide 34: Table of Contents
TABLE OF CONTENTS Societe Generale Group International Retail Banking Quarterly results by core business Quarterly results of International Retail Banking by geographic zone Half year results by core business Half year results of International Retail Banking by Quarterly legacy assets, non economic
Slide 35: Quarterly Income Statement by Core Business
SUPPLEMENT - SOCIETE GENERALE GROUP QUARTERLY INCOME STATEMENT BY CORE BUSINESS Private Banking, Specialised Global Financial Corporate & Investment French International Services & Investment Management Corporate In EUR M Networks Retail Banking Insurance Banking and Services Centre Group Q2 12 Q2 1
Slide 36: Half Year Income Statement by Core Business
SUPPLEMENT - SOCIETE GENERALE GROUP HALF YEAR INCOME STATEMENT BY CORE BUSINESS Private Banking, Specialised Global Corporate & Financial Investment French International Investment Services & Management In EUR M Networks Retail Banking Banking Insurance and Services Corporate Centre Group H1 12 H1 1
Slide 37: Legacy Assets, Non Economic and Non Recurring Items
SUPPLEMENT - SOCIETE GENERALE GROUP LEGACY ASSETS, NON ECONOMIC AND NON RECURRING ITEMS Net banking Operating Group net Q2 13 income expenses Others Cost of risk income Legacy assets 84 (12) (131) (42) Corporate & Investment Banking Revaluation of own financial liabilities 53 35 Corporate Centre Pro
Slide 38: Legacy Assets, Non Economic and Non Recurring Items
SUPPLEMENT - SOCIETE GENERALE GROUP LEGACY ASSETS, NON ECONOMIC AND NON RECURRING ITEMS Net banking Operating Group net H1 13 income expenses Others Cost of risk income Legacy assets 74 (30) (166) (87) Corporate & Investment Banking Revaluation of own financial liabilities (992) (650) Corporate Cent
Slide 39: Prudential Capital Ratios Basel 2.5
SUPPLEMENT - SOCIETE GENERALE GROUP PRUDENTIAL CAPITAL RATIOS BASEL 2.5 31 Mar.13 30 June 13 In EUR bn Shareholder equity group share 49.9 49.4 Deeply subordinated notes* (5.3) (4.5) Undated subordinated notes* (1.6) (1.6) Dividend to be paid & interest on subordinated notes (0.8) (0.6) Goodwill and
Slide 40: Prudential Capital Ratios Basel 3
SUPPLEMENT - SOCIETE GENERALE GROUP PRUDENTIAL CAPITAL RATIOS BASEL 3 31 Mar.13 30 June 13 In EUR bn Shareholder equity group share 49.9 49.4 Deeply subordinated notes* (5.3) (4.5) Undated subordinated notes* (1.6) (1.6) Dividend to be paid & interest on subordinated notes (0.8) (0.6) Goodwill and i
Slide 41: Basel 2.5 (CRD3) Risk-Weighted Assets
SUPPLEMENT – RISK MANAGEMENT BASEL 2.5 (CRD3) RISK-WEIGHTED ASSETS* (in EUR bn) TOTAL 87.2 90.1 90.3 75.1 65.4 64.3 41.5 45.1 44.5 95.5 91.1 88.1 18.4 7.9 7.5 17.7 14.9 14.5 7.1 5.6 4.7 342.5 320.2 313.8 OPERATIONAL MARKET CREDIT 3.2 3.2 43.4 3.0 0.1 0.2 23.2 41.0 0.1 22.6 39.8 28.8 22.6 3.7 26.0 26
Slide 42: Breakdown of SG Group Commitments by Sector
SUPPLEMENT – RISK MANAGEMENT BREAKDOWN OF SG GROUP COMMITMENTS BY SECTOR AT 30 JUNE 2013 Telecoms Transport & logistics 2.4% 7.4% Finance & insurance EAD Corporate: Corporate: Personnel & domestic 14.4% Real Estate services 8.5% EUR 262bn* 0.1% Public administration 0.1% Collective services 7.1% Foo
Slide 43: Geographic Breakdown of SG Group Commitments
SUPPLEMENT – RISK MANAGEMENT GEOGRAPHIC BREAKDOWN OF SG GROUP COMMITMENTS AT 30 JUNE 2013 On On-- and off- off-balance sheet EAD* EAD* On On--balance sheet EAD* All customers included: EUR 687bn All customers included: EUR 560bn Latin America and Caribbean Latin America Africa and 2% Africa and Asia
Slide 44: GIIPS Sovereign Exposures
SUPPLEMENT – RISK MANAGEMENT GIIPS SOVEREIGN EXPOSURES (1) Net exposures(2) (in EUR bn) 30.06.2013 31.03.2013 o.w. positions in o.w. positions in o.w. positions in o.w. positions in Total Total banking book trading book banking book trading book Greece 0.0 0.0 0.0 0.0 0.0 0.0 Ireland 0.1 0.0 0.1 0.1
Slide 45: Insurance Subsidiaries' Exposures to GIIPS Sovereign Risk
SUPPLEMENT – RISK MANAGEMENT INSURANCE SUBSIDIARIES' EXPOSURES TO GIIPS SOVEREIGN RISK Exposures in the banking book (in EUR bn) 30.06.2013 31.03.2013 Gross exposure Net exposure Gross exposure Net exposure (1) (2) (1) (2) Greece 0.0 0.0 0.0 0.0 Ireland 0.4 0.0 0.5 0.0 Italy 2.3 0.1 2.3 0.1 Portugal
Slide 46: Group Exposure to GIIPS Non Sovereign Risk
SUPPLEMENT – RISK MANAGEMENT GROUP EXPOSURE TO GIIPS NON SOVEREIGN RISK(1) On- On-and off- off-balance sheet EAD (in EUR bn) 0.4 1.9 12.5 0.6 9.3 4.8 RETAIL 0.2 SECURITISATION 0.1 CORPORATES 6.6 6.1 FINANCIAL INSTITUTIONS (INCL. LOCAL GOVERNMENTS) (b) 0.3(2) 0.4 1.3 0.4 2.4 1.5 0.0 0.3 0.1 GREECE IR
Slide 47: Change in Gross Book Outstandings
SUPPLEMENT - RISK MANAGEMENT CHANGE IN GROSS BOOK OUTSTANDINGS* End of period in EUR bn 434.0 439.3 430.8 434.9 424.2 425.5 426.4 415.4 407.1 Private Banking, 27.0 28.4 24.9 26.9 Global Investment 23.5 24.6 24.6 23.4 23.5 Management and Services 102.0 103.0 90.9 93.3 94.3 90.2 90.6 75.6 85.4 Corpora
Slide 48: Doubtful Loans
SUPPLEMENT - RISK MANAGEMENT DOUBTFUL LOANS* In EUR bn 31/12/2012** 31/03/2013 30/06/2013 Gross book outstandings* 407.1 424.2 415.4 Doubtful loans 23.7 24.3 24.3 Collateral relating to doubtful loans 6.1 6.3 6.4 Provisionable commitments 17.7 18.0 17.8 Non performing loans ratio 4.3% 4.2% 4.3% (Pro
Slide 49: Change in Trading VaR
SUPPLEMENT – RISK MANAGEMENT CHANGE IN TRADING VAR* Quarterly average of 1- 1-day, 99% Trading VaR (in EUR m) Trading VaR 46 41 34 30 30 25 23 23 25 CREDIT 16 INTEREST RATES 20 17 15 16 EQUITY 21 10 11 7 34 7 21 23 FOREX 17 16 16 17 15 18 13 11 12 10 12 14 5 6 6 13 12 COMMODITIES 7 4 5 3 33 3 3 2 2
Slide 50: French Networks: Change in Net Banking Income
SUPPLEMENT – FRENCH NETWORKS CHANGE IN NET BANKING INCOME Commissions: +4.4% vs. Q2 12 • Financial commissions: +0.9% • Service commissions: +5.3% Interest margin: +1.9%(1) vs. Q2 12 • Average deposit outstandings: +9.8% 2,037 2,010 2,068 2,015 2,069 NBI in EUR m • Average loan outstandings: +0.0% 1
Slide 51: Customer Deposits and Financial Savings
SUPPLEMENT – FRENCH NETWORKS CUSTOMER DEPOSITS AND FINANCIAL SAVINGS Change Average outstandings Q2 13 vs. Q2 12 in EUR bn 260.8 +5.6% 249.3 251.2 256.9 246.9 LIFE INSURANCE Financial 81.9 82.3 +3.2% 80.6 savings: 79.8 80.6 EUR 106.1bn MUTUAL FUNDS +0.1% 22.2 -9.3% 23.3 24.2 OTHERS 24.4 23.9 1.7 1.6
Slide 52: Loan Outstandings
SUPPLEMENT – FRENCH NETWORKS LOAN OUTSTANDINGS Change Average outstandings Q2 13 vs. Q2 12 in EUR bn 175.8 176.6 176.7 176.3 175.9 +0.0% INDIVIDUAL CUSTOMERS o.w.: 85.1 85.6 85.8 85.9 85.9 +0.9% - HOUSING - CONSUMER CREDIT AND 9.7 9.6 9.6 9.5 9.5 -2.1% OVERDRAFT BUSINESS CUSTOMERS* 79.5 79.9 79.7 79
Slide 53: Quarterly Results of International Retail Banking by Geographic Zone
SUPPLEMENT – INTERNATIONAL RETAIL BANKING QUARTERLY RESULTS OF INTERNATIONAL RETAIL BANKING BY GEOGRAPHIC ZONE Sub-sah. Czech Mediterranean Africa, French Romania Russia (1) Other CEE (2) Other Total Republic Basin (3) territories and Asia In EUR m Q2 12 Q2 13 Q2 12 Q2 13 Q2 12 Q2 13 Q2 12 Q2 13 Q2
Slide 54: Half Year Results of International Retail Banking by Geographic Zone
SUPPLEMENT – INTERNATIONAL RETAIL BANKING HALF YEAR RESULTS OF INTERNATIONAL RETAIL BANKING BY GEOGRAPHIC ZONE Sub-sah. Czech Mediterranean Africa, French Romania Russia (1) Other CEE (2) Autres Total Republic Basin (3) territories and Asia In EUR m H1 12 H1 13 H1 12 H1 13 H1 12 H1 13 H1 12 H1 13 H1
Slide 55: Indicators of Major Subsidiaries at End-June 2013
SUPPLEMENT – INTERNATIONAL RETAIL BANKING INDICATORS OF MAJOR SUBSIDIARIES AT END-JUNE 2013 Loan to Group share of Ownership Credit RWAs* Loans* Deposits* deposit ratio the Market percentage (as % ) capitalisation* Russia 82.4% 11,831 9,772 8,524 114.6% - (Rosbank) Russia 82.4% 720 1,905 28 n/a - (D
Slide 56: Specialised Financial Services and Insurance: Quarterly Results
SUPPLEMENT – SPECIALISED FINANCIAL SERVICES AND INSURANCE QUARTERLY RESULTS Specialised Financial Total Specialised Financial Insurance Services Services and Insurance Q2 12 Q2 13 Change Q2 12 Q2 13 Change Q2 12 Q2 13 Change Net banking income 707 706 +1%* 170 185 +9%* 877 891 +2% +2%* Operating exp
Slide 57: Specialised Financial Services and Insurance: Half Year Results
SUPPLEMENT – SPECIALISED FINANCIAL SERVICES AND INSURANCE HALF YEAR RESULTS Specialised Financial Total Specialised Financial Insurance Services Services and Insurance H1 12 H1 13 Change H1 12 H1 13 Change H1 12 H1 13 Change Net banking income 1,389 1,391 +1%* 337 368 +10%* 1,726 1,759 +2% +2%* Oper
Slide 58: Breakdown of NBI by Business Line and Geographic Zone
SUPPLEMENT – SPECIALISED FINANCIAL SERVICES AND INSURANCE BREAKDOWN OF NBI BY BUSINESS LINE AND GEOGRAPHIC ZONE NBI Q2 13 by business line NBI Q2 13 by geographic zone ALD INSURANCE FRANCE 20% 21% OTHER 36% EQUIPMENT 17% 42% FINANCE 42% 22% CONSUMER FINANCE GERMANY AND ITALY PRESENTATION TO DEBT INV
Slide 59: Key Figures
SUPPLEMENT – SPECIALISED FINANCIAL SERVICES AND INSURANCE KEY FIGURES Loan outstandings Change Number of vehicles Change (in EUR bn) (in thousands) Q2 13 vs. Q2 12 Q2 13 vs. Q2 12 955 979 +5.2%(2) 40.7 40.4 39.6 39.2 38.5 931 936 963 -4.2%* EQUIPMENT 18.2 18.0 17.8 FINANCE (1) 231 231 236 17.4 17.2
Slide 60: Corporate and Investment Banking: Quarterly Results
SUPPLEMENT – CORPORATE AND INVESTMENT BANKING QUARTERLY RESULTS Legacy Total Corporate and Core activities assets Investment Banking Q2 12 Q2 13 Change Q2 12 Q2 13 Q2 12 Q2 13 Change Net banking income 1,335 1,604 +20% (112) 84 1,223 1,688 +38% +42%* o.w. Financing & Advisory 389 402 +7% ⁽¹⁾ 389 402
Slide 61: Corporate and Investment Banking: Half Year Results
SUPPLEMENT – CORPORATE AND INVESTMENT BANKING HALF YEAR RESULTS Legacy Total Corporate and Core activities assets Investment Banking H1 12 H1 13 Change H1 12 H1 13 H1 12 H1 13 Change Net banking income 3,259 3,518 8% (169) 74 3,090 3,592 +16% +18%* o.w. Financing & Advisory 665 877 +32% 665 877 +32%
Slide 62: Recognition Across the Finance Industry
SUPPLEMENT – CORPORATE AND INVESTMENT BANKING RECOGNITION ACROSS THE FINANCE INDUSTRY Investment Banking Global markets League Table H1 2013 #6 All Euro Bonds #3 All Euro Corporate Bonds Top 5 Dealer Overall #1 Overall Trade Ideas #3 Overall - France #1 Client service #1 All Euro Bonds for Financial
Slide 63: Legacy Assets: Summary of Exposures as of 30 June 2013
SUPPLEMENT – CORPORATE AND INVESTMENT BANKING LEGACY ASSETS – SUMMARY OF EXPOSURES AS OF 30 JUNE 2013 o.w. monoline Banking Trading Total and CDPC Basel 3 in EUR bn capital* Net Discount Net Discount Net Nominal Nominal Net exposure exposure rate exposure rate exposure US residential market related
Slide 64: Private Banking, Global Investment Management and Services: Quarterly Results
SUPPLEMENT – PRIVATE BANKING, GLOBAL INVESTMENT MANAGEMENT AND SERVICES QUARTERLY RESULTS Total Private Banking, Global Private Banking Asset Management SG SS, Brokers Investment Management and Services Q2 12 Q2 13 Change Q2 12 Q2 13 Change Q2 12 Q2 13 Change Q2 12 Q2 13 Change Net banking income 17
Slide 65: Private Banking, Global Investment Management and Services: Half Year Results
SUPPLEMENT – PRIVATE BANKING, GLOBAL INVESTMENT MANAGEMENT AND SERVICES HALF YEAR RESULTS Total Private Banking, Global Private Banking Asset Management SG SS, Brokers Investment Management and Services H1 12 H1 13 Change H1 12 H1 13 Change H1 12 H1 13 Change H1 12 H1 13 Change Net banking income 37
Slide 66: Private Banking, Global Investment Management and Services: Key Figures
SUPPLEMENT – PRIVATE BANKING, GLOBAL INVESTMENT MANAGEMENT AND SERVICES KEY FIGURES Private Banking: Assets under Management (in EUR bn) -0.2 -0.2 -0.2 -2.4 -0.6 88.0 86.1 87.9 85.6 84.5 STRUCTURE FOREX MARKET NET 87.9 EFFECT EFFECT EFFECT INFLOW 84.5 -2.4 JUNE 12 SEPT. 12 DEC. 12 MAR. 13 JUNE 13 MA
Slide 67: EPS Calculation
SUPPLEMENT – TECHNICAL SUPPLEMENT EPS CALCULATION Average number of shares (thousands) 2011 2012 H1 13 Existing shares 763,065 778,595 783,808 Deductions Shares allocated to cover stock options and 9,595 8,526 7,258 restricted shares awarded to staff Other treasury shares and share buybacks 14,086 1
Slide 68: Net Asset Value, Tangible Net Asset Value and ROE Equity
SUPPLEMENT - TECHNICAL SUPPLEMENT NET ASSET VALUE, TANGIBLE NET ASSET VALUE AND ROE EQUITY End of period 31 Dec.11 31 Dec.12 30 June 13 End of period 31 Dec.11 31 Dec.12 30 June 13 Shareholder equity group share 47,067 49,279 49,413 Shareholder equity group share 47,067 49,279 49,413 Deeply subordin
Slide 69: Details on Group Funding Structure
SUPPLEMENT - TECHNICAL SUPPLEMENT DETAILS ON GROUP FUNDING STRUCTURE 31 DECEMBER 2012 30 JUNE 2013 Reference Financial statement as of 30 June 2013 337 350 CUSTOMER DEPOSITS (NOTE10) DUE TO BANKS (NOTE 9) 122 111 FINANCIAL LIABILITIES AT FAIR 40 46 VALUE THROUGH PROFIT OR LOSS - STRUCTURED DEBT (NOT
Slide 70: From Consolidated to Funded Balance Sheet
SUPPLEMENT - TECHNICAL SUPPLEMENT FROM CONSOLIDATED TO FUNDED BALANCE SHEET* In EUR bn ASSETS LIABILITIES 1,254 1,254 ASSETS LIABILITIES INSURANCE 100 100 INSURANCE 647 647 NET CENTRAL BANK SHORT TERM DEPOSIT 78 54 ISSUANCE INTERBANK LOANS 56 INTERBANK ST 201 201 DERIVATIVES 40 DEPOSITS DERIVATIVES
Slide 71: Methodology (1/2)
TECHNICAL SUPPLEMENT METHODOLOGY (1/2) 1- The Group’s consolidated results as at June 30th, 2013 were examined by the Board of Directors on July 31st, 2013. The Group’s consolidated results as at June 30th, 2013 were examined by the Board of Directors on July 31st, 2013. The limited examination proc
Slide 72: Methodology (2/2)
TECHNICAL SUPPLEMENT METHODOLOGY (2/2) 6- The Group’s ROTE is calculated on the basis of tangible capital, i.e. excluding cumulative average book capital (Group share), average net goodwill in the assets and underlying average goodwill relating to shareholdings in companies accounted for by the equi
Slide 73: Investor Relations Team
INVESTOR RELATIONS TEAM HANS VAN BEECK, STÉPHANE DEMON, MARION GENAIS, KIMON KALAMBOUSSIS, MURIEL KHAWAM, LUDOVIC WEITZ +33 (0) 1 42 14 47 72 investor.relations@socgen.com www.investor.socgen.com C3 | RESULTATS DU 1ER TRIMESTRE 2011 5 MAI 2011 | P.73
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