Credit Agricole Sa · EURONEXT:ACA
Credit Agricole Sa — Q4 2020 Earnings Presentation
20 slides from Credit Agricole Sa's earnings presentation, Feb 11, 2021
Slide 1: Results for the 4th quarter and full year 2020
WORKING EVERY DAY IN THE INTEREST OF OUR CUSTOMERS AND SOCIETY RESULTS FOR THE 4TH QUARTER AND FULL YEAR 2020
Slide 2: Working every day in the interest of our customers and society
Working every day in the interest of our customers and society Dominique Lefebvre 2020 ANNUAL RESULTS Facing Covid-19, Crédit Agricole demonstrates the strength of its model and the relevance of its action. 2 Results for the 4th quarter and full year 2020
Slide 3: Committed to supporting the economy over the long term
Working every day in the interest of our customers and society Philippe Brassac 2020 ANNUAL RESULTS Thanks to our solid results, we are committed to support the economy as a whole over the long term. 3 Results for the 4th quarter and full year 2020
Slide 4: Key figures Crédit Agricole Group
GROUPE CRÉDIT AGRICOLE Key figures Crédit Agricole Group Q4 2020 2020 Stated net income €1,414 m €5,573 m Group share before -18.3% -22.0% Q4/Q4(1) 2020/2019(1) impairment 64.3% Impairment of CA Italia goodwill Cost/income (net income Group share -€884 m -0.4 pp Q4/Q4 impact) ratio(2) 62.2% Stated n
Slide 5: Key figures Crédit Agricole S.A.
CRÉDIT AGRICOLE S.A. Key figures Crédit Agricole S.A. Q4 2020 2020 Stated net income €3,470 m Group share excluding €902 m -21.4% -27.0% Q4/Q4(1) CA Italia goodwill 2020/2019(1) 60.5% Impairment of CA Italia goodwill (net income Group share -€778 m Cost/income -2.0 pp Q4/Q4 impact) ratio(2) 59.6% St
Slide 6: A Group determined to provide long-term support for its customers and regions
GROUPE CRÉDIT AGRICOLE CRÉDIT AGRICOLE S.A. A Group determined to provide long-term support for its customers and regions Crédit Agricole S.A. €31.5 bn €100 m €0.80 (1) State-guaranteed Proposed dividend per loans The Group's stake in share for 2020 27% of all state- the fund dedicated to guaranteed
Slide 7: Strongly committed to supporting societal transitions
GROUPE CRÉDIT AGRICOLE CRÉDIT AGRICOLE S.A. Strongly committed to supporting societal transitions Leader in ESG Committed to inclusion 100% of Amundi funds have an ESG rating Advocating youth employment 7,000 permanent employees, 7,000 fixed-term Unique climate transition rating for the contracts, o
Slide 8: The strength of a universal and open model
GROUPE CRÉDIT AGRICOLE CRÉDIT AGRICOLE S.A. The strength of a universal and open model Implementation of the bancassurance model Relevance of 41.7% of Regional Bank customers (+1 pp year on year), 25.5% LCL (+0.5 pp) and 17.1% CA Italia (+1.7 pp) the universal banking model Establishing a mid-cap li
Slide 9: Very solid results, including a sharp rise in provisioning
Working every day in the interest of our customers and society Jérôme Grivet 2020 ANNUAL RESULTS Very solid results, including a sharp rise in provisioning 9 Results for the 4th quarter and full year 2020
Slide 10: Overall dynamic activity throughout the year, with a rebound after each lockdown
GROUPE CRÉDIT AGRICOLE CRÉDIT AGRICOLE S.A. Overall dynamic activity throughout the year, with a rebound after each lockdown Economic impact of the second lockdown more limited Very good level of activity in Q4 in the business units, Paiements chez les commerçants, CRs et LCL despite the new lockdow
Slide 11: Regional Banks: dynamic activity and increased provisioning of performing loans
GROUPE CRÉDIT AGRICOLE Regional Banks: dynamic activity and increased provisioning of performing loans Activity indicators (€bn) Underlying data Dynamic activity over the year, for Q4 – 2020 12M – 2020 excl. SRF retail banking €3,373 m €13,231 m Revenues -1.2% Q4/Q4 -1.4% 12M/12M -€2,311 m -€8,702 m
Slide 12: Dynamic operating profit despite the crisis
CRÉDIT AGRICOLE CRÉDIT AGRICOLE S.A. S.A. Dynamic operating profit despite the crisis Underlying data → Revenues up in Q4 and over 12 months, thanks to performances in asset management and insurance, dynamic activity in capital markets, and good net Q4 – 2020 12M – 2020 interest margin at LCL €5,299
Slide 13: The moderate decline in earnings is explained by increased provisioning of performing loans
CRÉDIT AGRICOLE S.A. The moderate decline in earnings is explained by the increase in the provisioning of performing loans Underlying data Cost of risk multiplied by 2.1 over one year, of which Q4 – 2020 12M – 2020 77% related to the provisioning of performing loans €2,090 m €7,959 m Cost of risk up
Slide 14: NPL ratio down Q4/Q3 and coverage ratio up Q4/Q3, among the best in Europe
GROUPE CRÉDIT AGRICOLE CRÉDIT AGRICOLE S.A. NPL ratio down Q4/Q3 and coverage ratio up Q4/Q3, among the best in Europe Cost of risk Crédit Agricole Group Crédit Agricole Group Crédit Agricole S.A. Cost of risk 77% of the 2020 2.4%Retail banking 17% 84.0% 62 bp increase related to CoR/outstandings 20
Slide 15: Very strong capital position: exceptional arrangement for the 2020 dividend
CRÉDIT AGRICOLE S.A. CRÉDIT AGRICOLE GROUP Very strong capital position: exceptional arrangement for the 2020 dividend Solvency Crédit Agricole Group Crédit Agricole S.A. Level of capital well in excess of CAG and CASA regulatory requirements Solvency 17.2% Solvency 13.1% Proposal to the AGM of
Slide 16: Crédit Agricole S.A. business units: Retail banking
CRÉDIT AGRICOLE S.A. Crédit Agricole S.A. business units: Retail banking LCL Crédit Agricole Italia INTERNATIONAL o €8 bn state-guaranteed loans in 2020 o €2.4 bn state-guaranteed loans in o Liquidity: net surplus of 2020 deposits over loans (+€2.4 bn end-2020) o Outstanding loans excluding state- g
Slide 17: Business units: Asset gathering and insurance
CRÉDIT AGRICOLE S.A. Crédit Agricole S.A. business units: Asset gathering and insurance CRÉDIT AGRICOLE ASSURANCES AMUNDI Wealth management o Net inflows from dynamic unit-linked o Dynamic net inflows excluding JV: deposits up +26.9% Q4/Q4, successful +€29.8 bn vs. Q3-20 rebalancing over the past ye
Slide 18: Business units: Specialised financial services
CRÉDIT AGRICOLE S.A. Crédit Agricole S.A. business units: Specialised financial services CA Consumer Finance CAL&F o Production rebounds in December (Q4/Q3 increase) o Dynamic leasing business (+0.8% Q4/Q4, +28.7% Q4/Q3) o Dynamics of the automotive JV (+11% Q4/Q4) o Revenues moderately increased, i
Slide 19: Business units: Large customers
CRÉDIT AGRICOLE S.A. Crédit Agricole S.A. business units: Large customers CACIB CACEIS o Sharp rise in GOI + 14,7%, at € 290m o Increase in assets under custody: o Partly compensating the cost of risk’s increase • +8% vs Dec-19 (+€668m among which 86%(1) of performing loans • New customers in Q4 o I
Slide 20: Thank you for your attention
THANK YOU FOR YOUR ATTENTION Results FOR THE 4TH QUARTER AND THE FULL YEAR 2020 WORKING EVERY DAY IN THE INTEREST OF OUR CUSTOMERS AND SOCIETY 20