Barclays Plc · LSE:BARC
Barclays — Debt Investor Presentation (February 2013)
17 slides from Barclays's debt investor presentation, Feb 13, 2013
Slide 1: Barclays PLC Fixed Income Investor 2012 Results Call
Barclays PLC Fixed Income Investor 2012 Results Call 13 February 2013
Slide 2: Chris Lucas, Group Finance Director
Chris Lucas Group Finance Director
Slide 3: FY 2012 Performance Highlights
FY 2012 Performance Highlights 2012 2011 Change Results (£m) (£m) (%) Adjusted income 29,043 28,512 2 Adjusted profit before tax* 7,048 5,590 26 Statutory profit before tax 246 5,879 Adjusting items: Own credit (4,579) 2,708 Provision for PPI and IRHP** (2,450) (1,000) Other 227 (1,419) * Comprises
Slide 4: Benoit de Vitry, Group Treasurer
Benoit de Vitry Group Treasurer
Slide 5: Funding
Funding 2011 2012 Projected 2015 Group loan to deposit ratio 118% 110% c.103-107% < 1 year wholesale funding / wholesale funding 49% 42% c.42-44% Customer loans & advances encumbrance ratio 10% 17% < 25% WAM wholesale funding (excl. liquidity pool) 58 months 61 months c.54-57 months 2011-2015 total
Slide 6: Term funding plans
Term funding plans • Funding plan sized to meet business needs, while ensuring compliance with Liquidity Risk Appetite (LRA) and regulatory requirements • Reduced funding requirements due to increased deposit taking and legacy asset run-off • Commitment to maintain access to a diversified funding ba
Slide 7: RWA projections
RWA projections1 £81bn CRD IV & IFRS 10 £75bn optimisation £27bn (£23bn) (£20bn) £47bn £25bn (£19bn) £29bn (£13bn) £468bn £440bn Investment Bank £387bn £62bn £393bn 2 Dec-12 CVA Securit- Other 01-Jan-13 Legacy Derivative Other IB Non IB After Net Growth Dec-15 isation (CRD IV Reduction Credit Core O
Slide 8: Transitional CET1 ratio projections
Transitional CET1 ratio projections1 2.0% (1.1%) 0.2% (0.3%) 11.7% 10.9% 10.6% 31-Dec-12 CRD IV & 01-Jan-13 Legacy & 2014/2015 Warrant Exercise 31-Dec-15 CET1 Ratio (CT1 Ratio) IFRS 10 Impact (CET1 Ratio) Optimisation Transitional pre RWA growth CRD IV Impact & Earnings • CRD IV mitigating actions a
Slide 9: Capital Structure
Capital Structure 17.1% Total 17.0% Total Capital Ratio Capital Ratio Current capital metrics 31 Dec 12 3.8% CT1 ratio 10.9% £14.4bn T2 5.0% T2 / senior CT1 ratio buffer above 7% trigger 3.9% unsecured 2.4% £9.5bn 2% T1 (traditional) 1.5% contingent Proforma capital ratios 1 Jan 13 AT1 capital 1.5%
Slide 10: Balance Sheet Management
Balance Sheet Management 2011 2012 Total assets £1,564bn £1,490bn Adjusted total tangible assets £1,000bn £975bn Adj. gross leverage ratio (incl. liquidity pool) 20x 19x Adj. gross leverage ratio (excl. liquidity pool) 17x 16x Since mid-2012, balance sheet managed on average basis in order to redu
Slide 11: Liquidity Risk Management
Liquidity Risk Management 2011 2012 Projected 2015 Liquidity pool £152bn £150bn £125-150bn LRA* Barclays-specific 1-month stress test 107% 129% > 100% Liquidity Surplus £10bn £34bn Variable Liquidity Coverage Ratio (LCR) -- 126% > 100% Net Stable Funding Ratio (NSFR) 97% 104% > 100% * LRA: Liquidity
Slide 12: Regulation
Regulation Working with regulators to ensure financial stability and minimise impact for all stakeholders Proactively thinking about structural reform - Ring-fenced structure recommended by the Independent Commission on Banking / HMTreasury - Section 165 of Dodd-Frank Act - Liikanen report Str
Slide 13: Summary
Summary Strong customer and client franchise supporting resilient earnings Well established approach to funding and explicit commitment to maintaining fair approach to investor interests Diverse and stable funding base supporting financial stability and efficiency Strong capital and liquidit
Slide 14: Barclays PLC Fixed Income Investor 2012 Results Call
Barclays PLC Fixed Income Investor 2012 Results Call 13 February 2013
Slide 15: Legal disclaimers
Legal disclaimers Important Notice The information, statements and opinions contained in this document do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of any offer to buy any securities or financial instruments or any advice or recommendation wit
Slide 16: Legal disclaimers
Legal disclaimers Certain non-IFRS measures Barclays management believes that the non-IFRS measures included in this document provide valuable information to readers of its financial statements because they enable the reader to identify a more consistent basis for comparing the business‟ performance
Slide 17: Legal disclaimers
Legal disclaimers Certain non-IFRS measures (continued) • Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) are calculated according to definitions and methodologies detailed in the standards provided by the Basel Committee on Banking Supervision. The original guidelines released in
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