Societe Generale S.a. Class A · EURONEXT:GLE
Societe Generale S.a. Class A — Q4 2022 Earnings Presentation
75 slides from Societe Generale S.a. Class A's earnings presentation, Feb 8, 2023
Slide 1: Societe Generale Group Results: 4th Quarter and Full Year 2022
SOCIETE GENERALE GROUP RESULTS 4th QUARTER AND FULL YEAR 2022 RESULTS
Slide 2: Disclaimer
DISCLAIMER The financial information on Societe Generale for its fourth quarter and full year 2022 financial are subject to numerous risks and uncertainties, in particular in the Covid-19 crisis and Ukraine Unless otherwise specified, the sources for the business rankings and market positions are re
Slide 3: 2022: A Year of Intense and Successful Execution
2022: A YEAR OF INTENSE AND SUCCESSFUL EXECUTION Investment in value-creating leaders Successful pursuit of the Group’s DECISIVE STEPS FORWARD transformation IN OUR STRATEGIC INITIATIVES Rapid adaptation to a disruptive & and demanding environment EXCELLENT PERFORMANCE OF THE Responsible actor with
Slide 4: Excellent Business Performance in 2022
EXCELLENT BUSINESS PERFORMANCE IN 2022 Record Financial targets Distribution GROUP NET INCOME revenues exceeded policy EUR 5.6bn(1) in FY 22 Revenues Cost/income ratio 2021 share buy-back EUR 2.0bn reported EUR 28.1bn +9.3%(1) vs. FY 21 61.0% (2) in FY 22 programme completed 41.7m shares repurchased
Slide 5: Acceleration of Our Environmental Commitments
ACCELERATION OF OUR ENVIRONMENTAL COMMITMENTS Firm progress with our Leading initiatives in biodiversity sustainable strategy and sectorial climate alignment Reinforcement of our decarbonisation ambitions A holistic approach to tackle biodiversity concerns . Upstream oil & gas: -20% exposure by 2025
Slide 6: Support of Positive Local Impact Across Geographies
SUPPORT OF POSITIVE LOCAL IMPACT ACROSS GEOGRAPHIES Strengthen positive impact for clients Financing local infrastructures across sectors At the heart of the new SG bank in France Supporting healthcare across geographies . A bank deeply rooted in 11 regions with a comprehensive and . Financing new h
Slide 7: Building Together Our ESG Expertise and Commitments
BUILDING TOGETHER OUR ESG EXPERTISE AND COMMITMENTS SHIFT – reinvent Expert teams Expand expertise Boost Awareness Embed ESG business Raising awareness with Implementing transformation Investing in innovative extensive training within the group start-ups . ESG training offered to 100% staff by end 2
Slide 8: Group Performance
1. GROUP PERFORMANCE
Slide 9: Strong Operating Performance in 2022
STRONG OPERATING PERFORMANCE IN 2022 Gross operating income Positive jaws in 2022 Cost/income ratio _Underlying gross operating income(1) (EURm) _Change in underlying revenues and costs(1) _Underlying cost/income(1) excluding SRF(2) 10,068 +9.3% 69.0% 8,470 64.4% 7,260 61.0% +4.5% 2019 2021 2022 Rev
Slide 10: Solid Quarterly Results
SOLID QUARTERLY RESULTS Gross operating income Positive jaws in Q4 Cost/income ratio _Underlying gross operating income(1)(EURm) _Change in underlying revenues and costs(1) _Underlying cost/income(1) excluding SRF(2) 2,167 1,886 72.4% 1,618 71.9% +5.9% 1,520 65.9% 65.4% +2.2% Q4 19 Q4 20 Q4 21 Q4 22
Slide 11: 2022 Cost of Risk Below Guidance
2022 COST OF RISK BELOW GUIDANCE _Cost of risk(1) (in bp) 2021 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 2022 NON-PERFORMING LOANS RATIO(2) 39 DEC 18 DEC 19 DEC 20 DEC 21 DEC 22 13 31 28 28 GROUP 6 15 3.4% 3.3% 3.1% 2.9% 32 35 2.8% FRENCH RETAIL BANKING 5 -3 8 3 20 INTERNATIONAL RETAIL 92 BANKING AND FINANCIAL
Slide 12: Continued Prudent Provisioning
CONTINUED PRUDENT PROVISIONING Contained cost of risk High level of S1/S2 total provisions _Cost of risk (in EURm) _Total S1/S2 provisions(1) (in EURm) 1,647 3,622 3,769 (28 bps) 3,355 700 677 2,282 689 (13 bps) 2,379 1,987 1,987 2,503 (54 bps) 413 371 (28 bps) 1,231 (29 bps) 367 86 67 (6 bps) 949 9
Slide 13: Russian Offshore Exposure Down by ~45% in 2022
RUSSIAN OFFSHORE EXPOSURE DOWN BY ~-45% IN 2022 Portfolio managed in run-off mode since Exposure mainly composed of secured end February transactions _Evolution of exposure at default (EURbn) _Exposure at default by sectors at 31 December 22 Others Transport & 3.2 logistics 5%6% Chemicals 2.8 2.6 .
Slide 14: CET1 Well Above MDA
CET 1 WELL ABOVE MDA _Q4 22 change in CET 1(1) ratio (in bp) +45bps -3bps +1bps 13.5% CET 1 of 13.5%(1) ~420 bps over MDA (9.35%) +17 bps IFRS 9 phasing Solid balance sheet 2025 TARGET Leverage ratio at 4.4% TLAC ratio at 33.7% Balance sheet meeting MREL requirements IFRS 9 13.1% +15 bps 12% phasing
Slide 15: Group Results
GROUP RESULTS In EURm Q4 22 Q4 21 Change 2022 2021 Change Net banking income 6,885 6,620 +4.0% +6.2%* 28,059 25,798 +8.8% +9.7%* Underlying net banking income(1) 6,885 6,503 +5.9% +8.1%* 28,059 25,681 +9.3% +10.2%* Operating expenses (4,610) (4,565) +1.0% +3.3%* (18,630) (17,590) +5.9% +7.5%* (1) Un
Slide 16: Business Performance
2. BUSINESS PERFORMANCE
Slide 17: French Retail: Strategic Roadmap Well on Track
FRENCH RETAIL: STRATEGIC ROADMAP WELL ON TRACK Strategic priorities Main achievements . Timely delivery of all announced milestones for the French networks merger BUILDING A LEADING BANK . Target operating model largely deployed 1 IN THE FRENCH MARKET SERVING . Alongside a solid commercial performan
Slide 18: SG: A New French Retail Bank
SG: A NEW FRENCH RETAIL BANK Roadmap on schedule Focus on execution 2022 ✓ SIGNATURE OF THE EMPLOYMENT AGREEMENT & Timely implementation of set milestones CREATION OF THE NEW BRAND . Legal merger effective since 1 Jan. 23 as planned . Launch of the new SG Bank 1 Jan.2023 ✓ LEGAL MERGER BEGINNING OF
Slide 19: French Networks and Private Banking
FRENCH NETWORKS AND PRIVATE BANKING +1.6% AV. LOANS OUTSTANDING(1) vs. Q4 21 -2.6% AV. DEPOSITS OUTSTANDING(1) vs. Q4 21 Stable AV. LIFE INSURANCE OUTSTANDINGS(2) vs. Q3 22 Stable AV. GLOBAL PRIVATE BANKING AUM(3) vs. Q3 22 _ Av. Loans(1) (EURbn) _ Av. Deposits (1) (EURbn) _ Av. Life insurance outst
Slide 20: Boursorama
BOURSORAMA +49% NEW CLIENT ONBOARDING vs. Q4 21 +41% TOTAL CLIENTS vs. end of Dec. 21 +14% AV. LOANS OUTSTANDING vs. Q4 21 +43% AV. DEPOSITS OUTSTANDING vs. Q4 21 _New client onboarding (‘000) _Total number of clients (m) _Av. Loans (EURbn) _ Av. Deposits and financial savings (EURbn) >5.5 4.7 49 39
Slide 21: French Retail Banking Results
FRENCH RETAIL BANKING RESULTS Revenues In EURm Q4 22 Q4 21 Change 2022 2021 Change Stable vs. Q4 21 Net banking income 2,219 2,221 -0.1% 8,839 8,489 +4.1% Net banking income excl. PEL/CEL 2,174 2,200 -1.2% 8,647 8,450 +2.3% Net interest margin and other -1.8% vs. Q4 21 Operating expenses (1,717) (1,
Slide 22: IBFS: Reinforced Leading Positions in 2022
IBFS: REINFORCED LEADING POSITIONS IN 2022 Strategic priorities Main achievements . Best bank in Czech Republic, Best foreign investment bank in Africa & STRENGTHENING LEADERSHIP IN 1 SELECTED MARKETS Africa’s best bank for sustainable finance . Delivering profitable growth in our geographies ENHANC
Slide 23: Creation of the Leading Global Player in Mobility
CREATION OF THE LEADING GLOBAL PLAYER IN MOBILITY Acquisition process progressing well Embracing the mobility megatrends Jan. 2022 ✓ MoU SIGNING Growth Ideally positioned to capture the sector’s strong megatrends END OF WORKS COUNCIL CONSULTATIONS AND SIGNING OF Apr. 2022 ✓ THE FRAMEWORK AGREEMENT S
Slide 24: International Retail Banking
INTERNATIONAL RETAIL BANKING EUROPE AFRICA AND OTHERS +5%* LOANS OUTSTANDING vs. end of Dec.21 Stable* DEPOSITS OUTSTANDING vs. end of Dec.21 +7%* LOANS OUTSTANDING vs. end of Dec.21 +6%* DEPOSITS OUTSTANDING vs. end of Dec.21 _Revenues (EURm) _Revenues (EURm) +7%* +10%* 761 695 519 453 Q4 21 Q4 22
Slide 25: Insurance and Financial Services
INSURANCE AND FINANCIAL SERVICES INSURANCE FINANCIAL SERVICES +1.1bn POSITIVE NET INFLOWS IN LIFE +5%* PROTECTION PREMIUM +3.1% FUNDED FLEET GROWTH(1) +2%* EQUIPMENT FINANCE NET INSURANCE IN 2022 (EUR) vs. Q4 21 vs. end of Dec. 21 OUTSTANDING vs. Q4 21 _Revenues (EURm) _Revenues (EURm) +11%* +38%* 8
Slide 26: International Retail Banking and Financial Services Results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES RESULTS Revenues +17.4%* vs. Q4 21 In EURm Q4 22 Q4 21 Change 2022 2021 Change Net banking income 2,369 2,159 +9.7% +17.4%* 9,122 8,117 +12.4% +17.9%* International Retail Banking revenues +8.3%* Operating expenses (1,100) (1,088) +1.1% +10.9%* (4,
Slide 27: GBIS: Delivering Sustainable Value Creation
GBIS: DELIVERING SUSTAINABLE VALUE CREATION Strategic priorities Main achievements REBALANCING . Prospective JV to create Bernstein, a global leader in research and cash equities 1 THE BUSINESS MIX . Superior high quality growth of Financing & Advisory businesses LOWERING . Strong growth across all
Slide 28: Bernstein: Creating a Global Leader in Cash Equities
BERNSTEIN: CREATING A GLOBAL LEADER IN CASH EQUITIES A well-matched Enhancing our value proposition partnership for both issuers & investors Cash equity & equity research Cash equity & equity research revenue split by region revenue split by product Bring scale and global reach Get access to ~1,000
Slide 29: Global Markets and Investor Services
GLOBAL MARKETS AND INVESTOR SERVICES REVENUES: +19% vs. Q4 21 GLOBAL MARKETS REVENUES +11% vs. Q4 21 _Q4 22 Global Markets revenues (EURm) _2022 Global Markets revenues (EURm) Record year (1) Strong client activity in a volatile environment, especially in rates 5,859 5,003 EQUITIES -12% vs. Q4 21 1,
Slide 30: Financing and Advisory
FINANCING AND ADVISORY REVENUES: +17% vs. Q4 21 _Q4 22 F&A revenues (EURm) _2022 F&A revenues (EURm) 3,374 GLOBAL BANKING AND ADVISORY +6% vs. Q4 21 2,929 Record year thanks to a strong momentum in Asset Finance, Natural Resources and 956 2,547 Asset Backed-Products combined with strong risk managem
Slide 31: Global Banking and Investor Solutions Results
GLOBAL BANKING AND INVESTOR SOLUTIONS RESULTS Revenues +14.2% vs. Q4 21 In EURm Q4 22 Q4 21 Variation 2022 2021 Variation Net banking income 2,452 2,147 +14.2% +14.7%* 10,082 8,818 +14.3% +12.9%* Operating expenses (1,469) (1,402) +4.8% +5.4%* (6,634) (6,250) +6.1% +6.2%* Underlying operating expens
Slide 32: Corporate Centre
CORPORATE CENTRE Revenues Q4 22 revenues impacted by changes in fair value In EURm Q4 22 Q4 21 2022 2021 of the instruments used to hedge the equity Net banking income (155) 93 16 374 stakes in subsidiaries (1) Underlying net banking income (155) (24) 16 257 Base effect vs. Q4 21 mainly due to the O
Slide 33: Conclusion
3. CONCLUSION
Slide 34: 2022: Value Creation for Shareholders
2022: VALUE CREATION FOR SHAREHOLDERS _Group net income(1) (in EURm) _Earning per share in EUR as of Dec. 31st 2022 (1) _Tangible net asset per share as of Dec. 31st 2022 _Net asset per share as of Dec. 31st 2022 (in EUR)(2) (in EUR)(2) 62.3 70.5 6.10 61.1 68.7 5,616 5.52 55.6 63.7 5,264 4.03 4,061
Slide 35: Supplement
4. SUPPLEMENT
Slide 36: Mapping of Extra-Financial Ratings
MAPPING OF EXTRA-FINANCIAL RATINGS AGENCIES BEST SCORE WORST POSITION VERSUS PEERS TOP 1% ALL COMPANIES 100 69 60 50 30 0 WORLDWIDE AAA AA A BBB BB B CCC TOP 5% BANKS WORLDWIDE 100 79 60 57 54 30 0 TOP DECILE BANKS WORLDWIDE A+ C+ C C- D+ D D- TOP DECILE BANKS WORLDWIDE 0 10 20 30 40 80+ 20.1 TOP 14
Slide 37: Leading the Energy Transition with Flagship Targets
LEADING THE ENERGY TRANSITION WITH FLAGSHIP TARGETS Decarbonising Engaging our our portfolios businesses BEST-IN-CLASS SECTOR POLICIES UPSTREAM OIL AND GAS COAL EUR 300bn Reduce exposure by 20% by 2025 vs. 2019 Reduce to zero our exposure to To support sustainable finance Reduce scope 3 absolute car
Slide 38: Quarterly Income Statement by Core Business
GROUP QUARTERLY INCOME STATEMENT BY CORE BUSINESS International Retail Banking Global Banking and Investor French Retail Banking Corporate Centre Group and Financial Services Solutions In EURm Q4 22 Q4 21 Q4 22 Q4 21 Q4 22 Q4 21 Q4 22 Q4 21 Q4 22 Q4 21 Net banking income 2,219 2,221 2,369 2,159 2,45
Slide 39: 2022 Income Statement by Core Business
GROUP 2022 INCOME STATEMENT BY CORE BUSINESS International Retail Banking Global Banking and Investor French Retail Banking Corporate Centre Group and Financial Services Solutions In EURm 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Net banking income 8,839 8,489 9,122 8,117 10,082 8,818 16 374
Slide 40: Underlying Data – Reconciliation with Reported Figures
GROUP UNDERLYING DATA – RECONCILIATION WITH REPORTED FIGURES in EUR m Q4 22 Q4 21 2022 2021 Exceptional Net banking income (+) 0 (117) 0 (117) Revaluation gain 0 (117) 0 (117) Exceptional operating expenses (-) (108) (52) 639 379 IFRIC linearisation (285) (199) 0 0 Transformation costs(1) 177 147 63
Slide 41: Underlying Data – IFRIC Impact
GROUP UNDERLYING DATA – IFRIC 21 IMPACT Total IFRIC 21 Impact o/w Resolution Funds - costs In EURm 2022 2021 2022 2021 French Retail Banking (225) (173) (173) (128) International Retail Banking and Financial Services (123) (95) (65) (52) Financial Services to Corporates (10) (9) (4) (4) Insurance (2
Slide 42: CRR2/CRD5 Prudential Capital Ratios
GROUP CRR2/CRD5 PRUDENTIAL CAPITAL RATIOS _Phased-in Common Equity Tier 1, Tier 1 and Total Capital In EURbn 31.12.2022 31.12.2021 Shareholder equity Group share 66.5 65.1 Deeply subordinated notes* (10.0) (8.0) Undated subordinated notes* 0.0 0.0 (1) Distribution to be paid & interest on subordinat
Slide 43: CRR2 Leverage Ratio
GROUP CRR2 LEVERAGE RATIO _CRR2 phased-in Leverage Ratio(1) In EURbn 31.12.2022 31.12.2021 Tier 1 Capital 58.8 57.9 Total prudential balance sheet(2) 1,340 1,300 Adjustments related to derivative financial instruments (7) 9 (3) Adjustments related to securities financing transactions 15 15 Off-balan
Slide 44: TLAC / MREL
GROUP TLAC / MREL TLAC Q4 22 ratios MREL Q4 22 ratios Meeting 2022 requirements Meeting 2022 requirements(2) % RWA(1) % RWA(1) SP 3.2% SP SNP SNP T2 (*) % Leverage 25.3% 25.7% % Leverage AT1 T2 (*) 10.2% 10.2% CET1 AT1 21.7% 22.1% CET1 3.9% 3.9% 2.8% 30.5% 2.8% 30.5% 9.02% o.w. o.w. 6.75% 6.75% > 5.
Slide 45: Risk-Weighted Assets
GROUP RISK-WEIGHTED ASSETS* (CRR2/CRD5, IN EURbn) 371.6 363.4 360.5 45.6 131.5 46.8 46.0 122.8 123.7 117.7 108.2 110.9 110.4 28.9 15.3 103.8 106.1 5.5 4.5 4.6 29.0 29.0 11.6 13.7 5.0 5.1 0.1 5.0 0.3 0.2 0.0 0.0 13.9 0.3 11.3 12.7 112.1 310.7 103.2 101.0 106.1 105.6 304.9 300.7 98.5 88.6 82.6 82.1 To
Slide 46: Geographic Breakdown of SG Group Commitments
GROUP GEOGRAPHIC BREAKDOWN OF SG GROUP COMMITMENTS AT 31.12.2022 On-and off-balance sheet EAD* All customers included: EUR 1,119bn Africa and Latin America Middle East 4% and Caribbean Asia Pacific 5% 1% Eastern Europe (EU) 7% France 48% North America 14% Western Europe (excl. France) 22% *Total cre
Slide 47: Change in Gross Book Outstandings
GROUP CHANGE IN GROSS BOOK OUTSTANDINGS* _End of period in EURbn Total 573.0 579.9 585.0 594.7 586.1 553.9 530.2 538.8 520.8 131.9 138.1 139.3 145.3 142.3 141.7 International Banking and Financial 136.7 139.9 Services 135.5 Global Banking and Investor Solutions 190.7 190.1 182.9 170.7 176.9 145.3 14
Slide 48: Cost of Risk
GROUP COST OF RISK In EURm Q4 22 Q4 21 2022 2021 Net Cost Of Risk 219 (20) 483 125 French Retail Banking Gross loan Outstandings 250,175 237,305 246,249 235,220 Cost of Risk in bp 35 (3) 20 5 Net Cost Of Risk 133 96 705 504 International Retail Banking and Gross loan Outstandings 133,756 137,018 135
Slide 49: Non-Performing Loans
GROUP NON-PERFORMING LOANS In EUR bn 31.12.2022 30.09.2022 31.12.2021 Performing loans 554.4 573.1 543.9 inc. Stage 1 book outstandings ⁽¹⁾ 494.2 511.2 479.9 inc. Stage 2 book outstandings 43.6 44.0 43.5 Non-performing loans 15.9 15.6 16.5 inc. Stage 3 book outstandings 15.9 15.6 16.5 Total Gross bo
Slide 50: Focus on Exposures
FOCUS ON EXPOSURES Corporate portfolio breakdown Exposure to sensitive sectors Corporate EAD(1) in each sector(2) in % of total group EAD at 31.12.2022 Total group EAD: EUR 1,119bn POWER UTILITIES IN EUROPE: 1.2% of total Group EAD Financial services 6.9% Real Estate 3.5% CHEMICALS: 0.3% of total Gr
Slide 51: IFRS 9 Monitoring
IFRS 9 MONITORING METHODOLOGY APPLIED As of Q4 22, IFRS 9 parameters were updated in order to take into account the current economic environment: • 3 macroeconomic scenarios were retained to capture the uncertainties around the general economic context and the war in Ukraine: central, favourable and
Slide 52: Change in Trading VaR and Stressed VaR
GROUP CHANGE IN TRADING VAR* AND STRESSED VAR** _Quarterly Average of 1-Day, 99% Trading VaR* (in EURm) 30 22 24 15 15 15 18 10 13 23 18 23 __ Trading VaR* 17 21 21 14 Credit 19 11 7 Interest Rates 7 18 13 16 Equity 12 15 13 10 20 Forex 17 12 9 8 9 11 10 8 Commodities 3 3 2 3 4 3 2 1 1 Compensation
Slide 53: Long Term Funding Program
LONG TERM FUNDING PROGRAM 2022 COMPLETED, 2023 ALREADY WELL ADVANCED 2022 long-term funding program EUR 44bn raised for 2022 funding program (incl. EUR 3.9bn of pre-funding 2023 expected long term funding program : c. EUR 24bn(1) raised in 2021), of which: - c. EUR 20.3bn of vanilla debt - EUR 2.5bn
Slide 54: Liquid Asset Buffer
GROUP LIQUID ASSET BUFFER _Liquid Asset Buffer (in EURbn) 275 279 255 244 229 195 214 173 189 168 59 Central Bank 58 51 61 60 Loans and Deposits(1) 3 10 5 24 10 High Quality Liquid Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Asset Securities(2) Central Bank Eligible Assets(2) Liquidity Coverage Ratio at 145% on a
Slide 55: EPS Calculation
GROUP EPS CALCULATION Average number of shares (thousands) 2022 2021 2020 Existing shares 845,478 853,371 853,371 Deductions Shares allocated to cover stock option plans and free shares awarded to 6,252 3,861 2,987 staff Other own shares and treasury shares 16,788 3,249 0 Number of shares used to ca
Slide 56: Net Asset Value, Tangible Net Asset Value
GROUP NET ASSET VALUE, TANGIBLE NET ASSET VALUE End of period (in EURm) 2022 2021 2020 Shareholders' equity Group share* 66,451 65,067 61,710 Deeply subordinated notes (10,017) (8,003) (8,830) Undated subordinated notes 0 0 (264) Interest of deeeply & undated subodinated notes, issue premium (1) (24
Slide 57: ROE/ROTE Calculation Detail
GROUP ROE/ROTE CALCULATION DETAIL End of period (in EURm) Q4 22 Q4 21 2022 2021 Shareholders' equity Group share 66,451 65,067 66,451 65,067 Deeply subordinated notes (10,017) (8,003) (10,017) (8,003) Undated subordinated notes - - - - (1) Interest of deeeply & undated subodinated notes, issue premi
Slide 58: French Retail Banking: Net Banking Income
FRENCH RETAIL BANKING NET BANKING INCOME _NBI (in EURm) 2,256 0.1% 2,221 2,188 2,176 2,219 Commissions + 5.6% vs. Q4 21 1,002 1,023 1,022 +10.5% 1,032 1,049 Net interest margin 106 Fees 100 78 -26.5% 187 62 - 3.3% vs. Q4 21 Other Income Net Interest Margin 1,093 1,032 1,013 1,075 -1.6% 976 PEL/CEL P
Slide 59: French Retail Banking: Customer Deposits and Financial Savings
FRENCH RETAIL BANKING CUSTOMER DEPOSITS AND FINANCIAL SAVINGS _Change _Average outstandings (in EURbn) Q4 22 vs. Q4 21 432 439 435 +0.9% 431 429 115 119 120 Financial Savings 119 117 +0.4% EUR 146.2bn, -0.2% vs. Q4 21 26* 25 27 27* 26 -2.7% Life Insurance Securities, Mutual Funds and Others Deposits
Slide 60: French Retail Banking: Loans Outstanding
FRENCH RETAIL BANKING LOANS OUTSTANDING _Change _Average outstandings, net of provisions (in EURbn) Q4 22 vs. Q4 21 244 248 249 247 +2.3% 241 125 126 127 126 +2.3% 123 Housing 20 20 20 20 20 +0.4% Consumer Credit and Overdraft Business 99 100 101 102 102 +2.6% Customers* and Financial Institutions 0
Slide 61: International Retail Banking and Financial Services: Quarterly Results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES QUARTERLY RESULTS International Retail Banking Insurance Financial Services Total In EURm Q4 22 Q4 21 Change Q4 22 Q4 21 Change Q4 22 Q4 21 Change Q4 22 Q4 21 Change Net banking income 1,280 1,311 +8.3%* 263 243 +10.6%* 826 605 +37.9%* 2,369 2,159
Slide 62: International Retail Banking and Financial Services: 2022 Results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES 2022 RESULTS International Retail Banking Insurance Financial Services Total In EURm 2022 2021 Change 2022 2021 Change 2022 2021 Change 2022 2021 Change Net banking income 5,153 5,000 +11.5%* 1,012 963 +6.5%* 2,957 2,154 +35.8%* 9,122 8,117 +17.9%*
Slide 63: International Retail Banking: Breakdown by Region, Quarterly
INTERNATIONAL RETAIL BANKING BREAKDOWN BY REGION - QUARTERLY RESULTS Western Europe Czech Republic Romania Russia(1) Africa, Mediterranean basin Total International Retail and Overseas Banking (2) In EURm Q4 22 Q4 21 Change Q4 22 Q4 21 Change Q4 22 Q4 21 Change Q4 22 Q4 21 Change Q4 22 Q4 21 Change
Slide 64: International Retail Banking: Breakdown by Region, 2022
INTERNATIONAL RETAIL BANKING BREAKDOWN BY REGION – 2022 RESULTS (1) Western Europe Czech Republic Romania Russia Africa, Mediterranean basin Total International Retail and Overseas Banking (2) In EURm 2022 2021 Change 2022 2021 Change 2022 2021 Change 2022 2021 Change 2022 2021 Change 2022 2021 Chan
Slide 65: Breakdown of Loans and Deposits Outstanding
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES BREAKDOWN OF LOANS AND DEPOSITS OUTSTANDING _Breakdown of Loans Outstanding (in EURbn) _Breakdown of Deposits Outstanding (in EURbn) _Change _Change Dec 22 vs. Dec 21 Dec 22 vs. Dec 21 +2.2%* 15.0 14.7 Equipment Finance(1) +5.6%* 88.2 83.1 +20.9%*
Slide 66: Presence in Africa
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES PRESENCE IN AFRICA Clients NBI Net income C/I RWA 4.3m EUR 1.8bn EUR 237m 58% EUR 23bn NBI RWA Credits Deposits L/D Ratio Ranking FY 2022 (in EUR m) (in EUR m) (in EUR m) (in EUR m) Morocco 469 8,329 8,562 7,213 119% 5th Algeria 142 1,620 1,377 2,2
Slide 67: Insurance Key Figures
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES INSURANCE KEY FIGURES _Life Insurance Outstandings _Personal Protection Insurance Premiums (in EURm) and Unit Linked Breakdown (in EURbn) 1% 350 131.0 129.6 131.6 Change 1% 135.2 133.9 300 Q4 22/ Q4 21 1% 1% 250 277 276 36% 35% 35% 36% 264 256 264
Slide 68: Global Banking and Investor Solutions: Quarterly Results
GLOBAL BANKING AND INVESTOR SOLUTIONS QUARTERLY RESULTS Global Markets and Investor Total Global Banking and Investor Financing and Advisory Lyxor(1) Services Solutions In EURm Q4 22 Q4 21 Change Q4 22 Q4 21 Change Q4 22 Q4 21 Change Q4 22 Q4 21 Change Net banking income 1,496 1,256 +16.1%* 956 820
Slide 69: Global Banking and Investor Solutions: 2022 Results
GLOBAL BANKING AND INVESTOR SOLUTIONS 2022 RESULTS Global Markets and Investor (1) Total Global Banking and Investor Financing and Advisory Lyxor Services Solutions In EURm 2022 2021 Change 2022 2021 Change 2022 2021 Change 2022 2021 Change Net banking income 6,708 5,650 +14.1%* 3,374 2,929 +10.7%*
Slide 70: Global Banking and Investor Solutions: Key Financial Indicators
GLOBAL BANKING AND INVESTOR SOLUTIONS KEY FINANCIAL INDICATORS _Global Markets and Investor Services RWA (in EURbn) _Financing and Advisory RWA (in EURbn) 60.1 62.1 63.4 62.7 69.4 60.3 5.6 5.9 5.6 23.5 23.0 1.5 1.2 2.2 23.3 9.8 12.7 Operational 10.5 53.0 54.9 55.6 Market 29.5 33.7 26.5 Credit Q4 21
Slide 71: Global Banking and Investor Solutions: Revenues
GLOBAL BANKING AND INVESTOR SOLUTIONS REVENUES _Global Markets and Investor Services Revenues (in EURm) _Financing & Advisory Revenues (in EURm) 188 226 767 161 274 Securities 157 683 Services 956 538 820 821 807 370 577 790 Fixed Income and Currencies 1,010 729 833 806 645 Equities Q4 21 Q1 22 Q2 2
Slide 72: Recognised Expertise: League Tables, Rankings, Awards
GLOBAL BANKING AND INVESTOR SOLUTIONS RECOGNISED EXPERTISE: LEAGUE TABLES - RANKINGS - AWARDS AWARDS & RANKINGS LEAGUE TABLES GLOBAL BANKING & ADVISORY GLOBAL MARKETS INSTITUTIONAL SUSTAINABLE FINANCE INVESTOR’S GLOBAL FIXED INCOME #4 Green, Social and Sustainability Bonds EUR RESEARCH SURVEY #4 Sus
Slide 73: Financing & Advisory: Supporting Clients in Their Transformations
FINANCING & ADVISORY SUPPORTING CLIENTS IN THEIR TRANSFORMATIONS CLIENT PROXIMITY ALLEGO €400m Green Loan financing package for Allego, a pan-European INNOVATION Sole Structuring Bank, MLA, Underwriter, leader in electric vehicle charging infrastructure - Largest senior Hedging Bank & Agent debt fin
Slide 74: Methodology (1/2)
METHODOLOGY (1/2) 1 – Net banking income The pillars’ net banking income is defined on page 41 of Societe Generale’s 2022 Universal Registration Document. The terms “Revenues” or “Net Banking Income” are used interchangeably. They provide a normalised measure of each pillar’s net banking income taki
Slide 75: Methodology (2/2)
METHODOLOGY (2/2) 6 – ROE, RONE, ROTE The notion of ROE (Return On Equity) and ROTE (Return On Tangible Equity), as well as the methodology for calculating it, are specified on pages 43 and 44 of Societe Generale’s 2022 Universal Registration Document. This measure makes it possible to assess return