64 slides from Societe Generale S.a. Class A's earnings presentation, May 12, 2023
Slide 1: Societe Generale Group Results 1st Quarter 2023
SOCIETE GENERALE GROUP RESULTS 1st QUARTER 2023 RESULTS
Slide 2: Disclaimer
DISCLAIMER The financial information on Societe Generale for its first quarter 2023 financial results comprises in particular in the Covid-19 crisis and Ukraine war context, including matters not yet known to business rankings and market positions are internal. This presentation includes information
Slide 3: Solid results and fundamentals
SOLID RESULTS AND FUNDAMENTALS Robust business Strong balance sheet Major steps in the GROUP NET INCOME performance and liquidity profile strategic initiatives EUR 1.5bn(1) in Q1 23 Group revenues Cost of risk 2023 French networks merger EUR 0.9bn reported EUR 6.7bn under IFRS17 13 bps in Q1 23 <30
Slide 4: Group performance
1. GROUP PERFORMANCE
Slide 5: Robust quarterly operating performance
ROBUST QUARTERLY OPERATING PERFORMANCE Business revenues Gross operating income Cost/income ratio _Total business revenues excl. corporate centre (EUR m)(1) _Underlying gross operating income (EUR m)(3) _Underlying cost/income(3) excluding SRF 7,004 7,031 6,896 6,052 6,068 2,956 5,278 2,500 2,470 79
Slide 6: Continued low cost of risk
CONTINUED LOW COST OF RISK _Cost of risk(1) (in bp) Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 NON-PERFORMING LOANS RATIO(2) MAR 19 MAR 20 MAR 21 MAR 22 MAR 23 GROUP 39 31 28 15 13 3.5% 3.3% 3.1% FRENCH RETAIL BANKING 32 35 2.9% 2.8% 8 3 14 INTERNATIONAL RETAIL 92 47 40 BANKING AND FINANCIAL 28 27 SERVICES Gross
Slide 7: Low defaults and prudent provisioning
LOW DEFAULTS AND PRUDENT PROVISIONING Low defaults High level of S1/S2 total provisions _Cost of risk (in EUR m) _Total S1/S2 provisions(1) (in EUR m) 3,622 3,769 3,758 3,355 820 (65 bps) 2,282 2,503 2,448 211 561 2,379 1,987 (39 bps) 264 276 1,231 (21 bps) 248 182 (21 bps) 609 (13 bps) 1,051 1,243
Slide 8: Sound corporate risk management
SOUND CORPORATE RISK MANAGEMENT Diversified corporate exposure Low concentration risk _Sectorial EaD(1) as a % of total Group EaD(1) CORPORATE EXPOSURE: EUR 385bn US REGIONAL BANKS Financial services 7.1% Very low exposure (EaD(1) <USD 100m) Real Estate 3.2% Utilities 2.7% REAL ESTATE Manufacturing
Slide 9: Strong capital, well above requirements
STRONG CAPITAL, WELL ABOVE REQUIREMENTS _Q1 23 change in CET 1 ratio (in bp) CET 1 13.5%(1),~410 bps over MDA (9.43%) +14 bps -4 bps -1 bp 13.5% IFRS 9 13.4% fully loaded, ~+10 bps vs. 31.12.22 13.5% +9 bps phasing IFRS 9 phasing +17 bps MREL at 34.3%(1) TLAC at 33.7%(1) Leverage ratio at 4.2%(1) 31
Slide 10: Sound liquidity profile, increasing deposits in Q1
SOUND LIQUIDITY PROFILE, INCREASING DEPOSITS IN Q1 Robust balance sheet Diversified deposit base _ Funded balance sheet(1) in EUR bn as of Q1 23 _In EUR bn as of Q1 23 French retail 945 945 930 930 Short term wholesale funding International banking 58 Cash at central banks 213 47 TLTRO 14% Private b
Slide 11: High buffers of liquidity and MREL eligible debt
HIGH BUFFERS OF LIQUIDITY AND MREL ELIGIBLE DEBT High liquidity reserves(1) Strong MREL ratio _ In EUR bn _ % RWA _ EUR bn 34.3% EUR 124bn 296 275 279 255 29 4.1% 15 237 244 24 SP 228 10 227 229 51 5 56 SNP 2 10 59 25.4% 1 2 3 60 (3) 73 58 61 10.1% 36 T2 80 64 AT1 LCR CET1 eligible 3.5% 13 214 195 2
Slide 12: Group results
GROUP RESULTS In EUR m Q1 2 3 Q1 22 Change N et b ank i ng i ncom e 6,671 7,043 -5.3% -3.8%* Op erat i ng exp enses (5 , 0 5 7 ) (5 , 1 3 1 ) -1.4% +0.3%* Underlying operating expenses (1) (4,201) (4,147) +1.3% +3.6%* Gross op erat i ng i ncom e 1,614 1,912 -15.6% -14.6%* (1) Underlying gross operat
Slide 13: Business performance
2. BUSINESS PERFORMANCE
Slide 14: French Retail Bank, SG and Private Banking
FRENCH RETAIL BANK SG AND PRIVATE BANKING Stable AV. LOANS OUTSTANDING vs. Q1 22 +1% AV. DEPOSITS OUTSTANDING vs. Q1 22 Stable AV. LIFE INSURANCE OUTSTANDINGS vs. Q1 22 +2% AV. GLOBAL PRIVATE BANKING AUM vs. Q1 22 _ Av. Loans(1) (EUR bn) _ Av. Deposits (1)(2) (EUR bn) _ Av. Life insurance outstandin
Slide 15: Boursorama
BOURSORAMA +297K NEW CLIENT ONBOARDING in Q1 23 +34% TOTAL CLIENTS vs. end of Mar. 22 +7% AV. LOANS OUTSTANDING vs. Q1 22 +39% AV. DEPOSITS OUTSTANDING vs. Q1 22 _New client onboarding (‘000) _Total number of clients (m) _Av. Loans (EUR bn) _ Av. Deposits and financial savings (EUR bn) 4.9 51.0 48.9
Slide 16: Boursorama break-even in Q1 23
BOURSORAMA BREAK-EVEN IN Q1 23 Strong increase in revenues Decrease in acquisition costs An efficient model _ Avg. cost of Client onboarding (basis 100 in 2019) and number of _ Operating Cost per Client (basis 100 in 2019) and _ Revenues (excl. PEL/CEL & onboarding costs, basis 100 in 2019) new Clie
Slide 17: Net interest margin under pressure before a rebound in 2024
NET INTEREST MARGIN UNDER PRESSURE BEFORE A REBOUND IN 2024 KEY CONSIDERATIONS _French retail banking expected net interest margin Specificities of the French retail market: impact of regulated savings (~EUR -400m) and of the usury rate on loans End of the benefit of the TLTRO (~EUR -300m) Benefit f
Slide 18: French Retail Banking results
FRENCH RETAIL BANKING RESULTS Revenues In EUR m Q1 2 3 Q1 22 Change -9.5% excl. PEL/CEL vs. Q1 22 Net banking income 1,932 2,170 -11.0% Net banking income excl. PEL/CEL 1,942 2,147 -9.5% Net interest margin excl. PEL/CEL and other Operating expenses (1,664) (1,698) -2.0% -18% vs. Q1 22 Underlying op
Slide 19: International Retail Banking
INTERNATIONAL RETAIL BANKING EUROPE AFRICA AND OTHERS +8% LOANS OUTSTANDING vs. end of Mar.22 +2% DEPOSITS OUTSTANDING vs. end of Mar.22 +5% LOANS OUTSTANDING vs. end of Mar.22 +5% DEPOSITS OUTSTANDING vs. end of Mar.22 _Loans (EUR m) _Deposits (EUR m) _Loans (EUR m) _Deposits (EUR m) 64 65 61 54 52
Slide 20: Insurance and Financial Services
INSURANCE AND FINANCIAL SERVICES INSURANCE FINANCIAL SERVICES Stable* LIFE INSURANCE OUTSTANDING vs. end of Mar. 22 +4%* PROTECTION PREMIUM vs. Q1 22 +3.2% FUNDED FLEET GROWTH(1) vs. Q1 22 +1.5% EQUIPMENT FINANCE NET OUTSTANDING vs. Q1 22 _Revenues (EUR m) _Revenues (EUR m) +51%*(2) +26%* 797 634 14
Slide 21: International Retail Banking and Financial Services results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES RESULTS Revenues +15.3%* vs. Q1 22 In EURm Q1 2 3 Q1 22 Change International Retail Banking revenues +6.5%* Net banking income 2,206 2,071 +6.5% +15.3%* vs. Q1 22 Operating expenses (1,108) (1,083) +2.3% +12.2%* (1) Underlying operating expenses (1
Slide 22: Global Markets and Investor Services
GLOBAL MARKETS AND INVESTOR SERVICES REVENUES: -2% vs. Q1 22 _Q1 23 Global Markets revenues (EUR m) GLOBAL MARKETS REVENUES -3% vs. Q1 22 1,777 Another excellent quarterly performance 1,721 Dynamic commercial activity especially on rates and financing 1,475 767 890 FIC +16% vs. Q1 22 630 FIC Outstan
Slide 23: Financing and Advisory
FINANCING AND ADVISORY REVENUES: +5% vs. Q1 22 _Q1 23 F&A revenues (EUR m) GLOBAL BANKING AND ADVISORY -5% vs. Q1 22 827 790 Excellent quarter, close to historic highs High momentum in Asset Finance across all asset classes 635 Robust Investment Banking activity notably thanks to solid performances
Slide 24: Global Banking and Investor Solutions results
GLOBAL BANKING AND INVESTOR SOLUTIONS RESULTS Revenues Stable vs. Q1 22 In EUR m Q1 2 3 Q1 22 Variation Net banking income 2,758 2,755 +0.1% -1.3%* Operating expenses (2,043) (2,172) -5.9% -6.1%* (1) Underlying operating expenses (1,603) (1,611) -0.5% -0.8%* Operating expenses Gross op erat i ng i n
Slide 25: Corporate Centre
CORPORATE CENTRE Revenues Q1 23 revenues notably impacted by : . the unwinding of the hedges on TLTRO (~EUR -0.1bn in Q1 and ~EUR -0.3bn in FY) In EUR m Q1 2 3 Q1 22 Net banking income (225) 47 . the implementation of IFRS 17 (~EUR -70m Operating expenses (242) (178) both on revenues and costs for t
Slide 26: Conclusion
3. CONCLUSION SOCIETE GENERALE
Slide 27: Conclusion: renewed business model, solid balance sheet
CONCLUSION RENEWED BUSINESS MODEL French Retail Insurance & Mobility Global Banking & Banking International Retail Investor Solutions A new retail bank with an Refocused perimeter Creation of the leading An efficient model with improved client around profitable global player in leading franchises an
Slide 28: Supplement
4. SUPPLEMENT SOCIETE GENERALE
Slide 29: 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 DECILE 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+ 19.4 TO
Slide 30: 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 carb
Slide 31: 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 Q1 23 Q1 22 Q1 23 Q1 22 Q1 23 Q1 22 Q1 23 Q1 22 Q1 23 Q1 22 Net banking income 1,932 2,170 2,206 2,071 2,75
Slide 32: Underlying data – reconciliation with reported figures
GROUP UNDERLYING DATA – RECONCILIATION WITH REPORTED FIGURES in EUR m Q1 23 Q1 22 Exceptional operating expenses (-) 856 984 IFRIC linearisation 674 841 (1) Transformation costs 182 143 Of which related to French Retail Banking 140 104 Of which related to Global Banking & Investor Solutions 11 14 Of
Slide 33: Underlying data – IFRIC impact
GROUP UNDERLYING DATA – IFRIC 21 IMPACT Total IFRIC 21 Impact o/w Resolution Funds - costs In EURm Q1 23 Q1 22 Q1 23 Q1 22 French Retail Banking (171) (227) (116) (175) International Retail Banking and Financial Services (92) (96) (62) (65) Financial Services to Corporates (11) (10) (3) (4) Internat
Slide 34: CRR2/CRD5 prudential capital ratios
GROUP CRR2/CRD5 PRUDENTIAL CAPITAL RATIOS _Phased-in Common Equity Tier 1, Tier 1 and Total Capital In EURbn 31.03.2023 31.12.2022 Shareholder equity Group share 68.7 66.5 Deeply subordinated notes(1) (10.8) (10.0) (2) Distribution to be paid & interest on subordinated notes (2.4) (1.9) Goodwill and
Slide 35: CRR2 leverage ratio
GROUP CRR2 LEVERAGE RATIO _CRR2 phased-in Leverage Ratio(1) In EURbn 31.03.2023 31.12.2022 Tier 1 Capital 59.7 58.8 Total prudential balance sheet(2) 1,407 1,340 Adjustments related to derivative financial instruments 0 (7) (3) Adjustments related to securities financing transactions 15 15 Off-balan
Slide 36: Strong TLAC/MREL ratios
STRONG TLAC/MREL RATIOS TLAC Q1 23 ratios MREL Q1 23 ratios Meeting end of March 2023 requirements Meeting end of March 2023 requirements _ % RWA _ EUR bn _ % Leverage _ % RWA _ EUR bn _ % Leverage 33.7% EUR 122bn 34.3% EUR 124bn 3.5% 13 SP 4.1% 15 SP SNP SNP (1) T2 ⁽³⁾ (1) 25.4% T2 ⁽³⁾ 10.1% 36 10.
Slide 37: Risk-weighted assets
GROUP RISK-WEIGHTED ASSETS(1) (CRR2/CRD5, IN EURbn) 376.7 362.4 361.0 46.8 46.0 46.0 123.2 125.9 123.7 121.5 5.5 112.0 113.7 13.0 107.8 106.3 105.5 0.2 4.6 4.6 29.1 29.0 13.7 5.0 29.0 12.7 5.1 5.1 0.2 0.2 0.1 0.0 0.0 11.7 12.7 11.3 117.6 316.9 107.2 108.9 102.7 302.6 302.3 101.2 100.4 Total 85.2 82.
Slide 38: Geographic breakdown of SG Group commitments
GROUP GEOGRAPHIC BREAKDOWN OF SG GROUP COMMITMENTS AT 31.03.2023 On-and off-balance sheet EAD(1) All customers included: EUR 1,136bn Africa and Middle Latin America and East 4% Caribbean 1% Asia Pacific 5% Eastern Europe (EU) 7% France 47% North America 15% Western Europe (excl. France) 22% (1) Tota
Slide 39: Change in gross book outstandings
GROUP CHANGE IN GROSS BOOK OUTSTANDINGS(1) _End of period in EURbn 585.0 594.7 586.1 573.0 579.9 572.4 Total 553.9 530.2 538.8 131.9 138.1 139.3 145.3 142.3 137.8 141.7 International Banking and Financial 136.7 139.9 Services Global Banking and Investor Solutions 190.7 190.1 182.9 170.7 176.9 170.7
Slide 40: Cost of risk
GROUP COST OF RISK In EURm Q1 23 Q1 22 Net Cost Of Risk 89 47 French Retail Banking Gross loan Outstandings 252,689 242,645 Cost of Risk in bp 14 8 Net Cost Of Risk 91 325 International Retail Banking and Gross loan Outstandings 134,988 140,547 Financial Services Cost of Risk in bp 27 92 Net Cost Of
Slide 41: Non-performing loans
GROUP NON-PERFORMING LOANS In EUR bn 31.03.2023 31.12.2022 31.03.2022 Performing loans 551.5 554.4 561.3 ⁽¹⁾ inc. Stage 1 book outstandings 495.9 494.2 491.3 inc. Stage 2 book outstandings 39.1 43.6 50.7 Non-performing loans 15.9 15.9 16.9 inc. Stage 3 book outstandings 15.9 15.9 16.9 (2) Total Gros
Slide 42: 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 31.03.2023 Total group EAD: EUR 1,136bn COMMERCIAL REAL ESTATE: 1.9% of total Group EAD Financial services 7.1% Real Estate 3.2% Utilities 2.7% CONSTRUCTION (e
Slide 43: IFRS 9 monitoring
IFRS 9 MONITORING METHODOLOGY APPLIED As of Q1 23, 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 44: Change in trading VaR and stressed VaR
GROUP CHANGE IN TRADING VAR(1) AND STRESSED VAR(2) _Quarterly Average of 1-Day, 99% Trading VaR(1) (in EURm) 22 24 25 15 15 15 18 10 13 18 23 18 14 17 21 __ Trading VaR(1) 19 11 7 Credit 7 17 16 18 Interest Rates 13 15 13 12 10 Equity 17 8 11 12 Forex 12 8 9 9 10 3 3 4 3 2 Commodities 1 1 2 2 1 1 0
Slide 45: Long term funding programme
LONG TERM FUNDING PROGRAMME 2023 ALREADY WELL ADVANCED : >70% OF VANILLA PROGRAMME COMPLETED 2023 long-term funding programme: c. EUR 24bn vanilla debt, well balanced 2023 long term programme and status(1) across formats c. EUR 25bn of structured notes Programme (in EUR bn) Issued (in EUR bn) As
Slide 46: Liquid asset buffer
GROUP LIQUID ASSET BUFFER _Liquid Asset Buffer (in EURbn) 296 275 279 255 244 Central Bank Loans and Deposits(1) 212 195 214 173 189 High Quality Liquid Asset Securities(2) Central Bank Eligible 59 56 Assets(2) 51 61 60 10 24 29 10 5 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Liquidity Coverage Ratio at 169% on
Slide 47: EPS calculation
GROUP EPS CALCULATION Average number of shares (thousands) Q1 23 2022 2021 Existing shares 829,046 845,478 853,371 Deductions Shares allocated to cover stock option plans and free shares awarded to 6,899 6,252 3,861 staff Other own shares and treasury shares 20,838 16,788 3,249 Number of shares used
Slide 48: Net asset value, tangible net asset value
GROUP NET ASSET VALUE, TANGIBLE NET ASSET VALUE End of period (in EUR m) Q1 23 2022 2021 Shareholders' equity Group share 68,747 66,970 65,067 Deeply subordinated and undated subordinated notes (10,823) (10,017) (8,003) Interest of deeply & undated subordinated notes, issue premium (1) (102) (24) 20
Slide 49: ROE/ROTE calculation detail
GROUP ROE/ROTE CALCULATION DETAIL End of period (in EUR m) Q1 23 Q1 22 Shareholders' equity Group share 68,747 66,089 Deeply subordinated and undated subordinated notes (10,823) (8,178) Interest of deeeply & undated subodinated notes, issue premium amortisations(1) (102) (65) OCI excluding conversio
Slide 50: French Retail Banking net banking income
FRENCH RETAIL BANKING NET BANKING INCOME _NBI, (in EURm) 2,170 2,233 2,175 2,128 Commissions 1,932 -11.1% + 0.3% vs. Q1 22 1,014 1,003 978 1,004 +0.5% 1,017 78 Fees Net interest margin 100 187 61 82 - 18.3% vs. Q1 22 -18.6% Other Income 1,033 972 1,011 1,074 843 Net Interest Margin PEL/CEL 23 71 53
Slide 51: French Retail Banking customer deposits and financial savings
FRENCH RETAIL BANKING CUSTOMER DEPOSITS AND FINANCIAL SAVINGS _Average outstandings (in EURbn) 452 449 440 445 433 119 120 115 115 117 25* 26 27 26* 27 Life Insurance Securities, Mutual Funds and Others 178 171 161 175 170 Sight Deposits(1) PEL 17 18 17 18 18 Regulated Savings Schemes (excl. PEL) 82
Slide 52: French Retail Banking loans outstanding
FRENCH RETAIL BANKING LOANS OUTSTANDING _Average outstandings, net of provisions (in EURbn) 244 248 249 247 244 125 126 127 126 124 Housing 20 20 20 20 19 Consumer Credit and Overdraft Business 100 101 102 102 101 Customers(1) and Financial Institutions 0.2 0.2 0.2 0.2 0.2 Q1 22 Q2 22 Q3 22 Q4 22 Q1
Slide 53: International Retail Banking and Financial Services quarterly results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES QUARTERLY RESULTS International Retail Banking Insurance Financial Services Total In EUR m Q1 23 Q1 22 Change Q1 23 Q1 22 Change Q1 23 Q1 22 Change Q1 23 Q1 22 Change Net banking income 1,262 1,335 +6.5%* 147 102 +51.2%* 797 634 +26.3%* 2,206 2,071
Slide 54: International Retail Banking breakdown by region
INTERNATIONAL RETAIL BANKING BREAKDOWN BY REGION - QUARTERLY RESULTS (1) Western Europe Czech Republic Romania Russia Africa, Mediterranean basin Total International Retail and Overseas Banking In EUR m Q1 23 Q1 22 Change Q1 23 Q1 22 Change Q1 23 Q1 22 Change Q1 23 Q1 22 Change Q1 23 Q1 22 Change Q1
Slide 55: Breakdown of loans and deposits outstanding
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES BREAKDOWN OF LOANS AND DEPOSITS OUTSTANDING _Breakdown of Loans Outstanding (in EUR bn) _Breakdown of Deposits Outstanding (in EUR bn) _Change _Change Mar 23 vs. Mar 22 Mar 23 vs. Mar 22 14.8 +1.6%* 14.5 Equipment Finance 88.9 +16.9%* 1.4 +5.8%* 1.
Slide 56: Insurance key figures
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES INSURANCE KEY FIGURES _Personal Protection Insurance Premiums (in EUR m) _Life Insurance Outstandings and Unit Linked Breakdown (in EUR bn) 1% 350 131.0 129.6 131.6 Change 1% 133.9 132.9 300 Q1 23/ Q1 22 1% 250 276 268 1% 36% 35% 35% 36% 37% 264 25
Slide 57: 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 Services Solutions In EURm Q1 23 Q1 22 Change Q1 23 Q1 22 Change Q1 23 Q1 22 Change Net banking income 1,931 1,965 -3.3%* 827 790 +3.9%* 2,758 2,755 +0.1% -1.3
Slide 58: 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) 61.5 63.4 60.3 64.4 60.3 61.2 5.6 5.6 5.6 23.5 1.6 2.2 0.9 23.3 23.3 10.1 Operational 10.5 10.4 54.3 55.6 53.8 Market 30.8 26.5 27.4 Credit Q1 22
Slide 59: 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) 188 210 226 767 161 274 Securities 890 683 Services 956 538 821 807 827 577 790 Fixed Income and Currencies 1,010 833 806 831 645 Equities Q1 22 Q2 22 Q3 2
Slide 60: 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 PYRAMIDES DE LA GESTION DE PATRIMOINE 2023 SUSTAINABLE FINANCE #1 Sustainability-Linked Loans EMEA – Bookrunner BEST INVESTMENT SRP E
Slide 61: Financing & Advisory: supporting clients in their transformations
FINANCING & ADVISORY SUPPORTING CLIENTS IN THEIR TRANSFORMATIONS CLIENT PROXIMITY VIRGIN MEDIA O2 (VMO2) Liberty Global and Telefonica, shareholders of VMO2, established Nexfibre, INNOVATION Sole Structuring Bank, Underwriter, MLA a 50/50 JV with InfraVia Capital Partners to build and operate a new
Slide 62: Methodology (1/3)
METHODOLOGY (1/3) 1 – Net banking income The pillars’ net banking income is defined on page 41 of Societe Generale’s 2023 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 63: Methodology (2/3)
METHODOLOGY (2/3) 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 of Societe Generale’s 2023 Universal Registration Document. This measure makes it possible to assess return on equ
Slide 64: Methodology (3/3)
METHODOLOGY (3/3) 12- Funded balance sheet, loan/deposit ratio The funded balance sheet is based on the Group financial statements. It is obtained in two steps: - A first step aiming at reclassifying the items of the financial statements into aggregates allowing for a more economic reading of the ba