Barclays Plc · LSE:BARC
Barclays — UBS Conference, New York 2010
11 slides from Barclays's conference presentation, May 11, 2010
Slide 1: Barclays PLC
Barclays PLC John Varley Group Chief Executive UBS Conference New York 11th May 2010
Slide 2: Topics
Topics • Our view of the environment • Recent performance • What to expect from us over coming months
Slide 3: Changing industry fundamentals
Changing industry fundamentals • Higher Core Tier 1 capital • Higher risk weightings on certain activities • Higher capital deductions • Lower leverage • Higher liquidity • New remuneration architecture
Slide 4: 2009 financial summary
2009 financial summary 2009 2008 % Year ended £m £m change Income 30,986 23,115 34 Operating expenses (17,852) (14,366) 24 Profit before tax* 11,642 6,077 92 Risk weighted assets 383 433 (12) Adjusted gross leverage 20x 28x Core Tier 1 Ratio 10.0% 5.6% * Figures include BGI results to date of sale
Slide 5: Q1 2010 Group performance
Q1 2010 Group performance 31.03.10 31.03.09 % Three months ended £m £m change Income 8,065 7,719 4 Operating expenses (4,852) (4,163) 17 Impairment charges (1,508) (2,309) (35) Profit before tax 1,820 1,239 47 Underlying profit before tax 1,822 957 90
Slide 6: Q1 2010 Segment profit before tax
Q1 2010 Segment profit before tax 31.03.10 31.03.09 % Three months ended £m £m change Global Retail Banking 403 429 (6) Corporate and Investment Banking 1,468 1,000 47 and Wealth Management Absa 167 78 114
Slide 7: Key objectives
Key objectives • Staying close to customers and clients • Managing our risks • Maintaining strategic momentum
Slide 8: Income and impairment trends
Income and impairment trends £31bn Total Income £23bn £22bn £23bn £17bn £14bn £12bn £11bn £11bn £10bn 23% 26% Impairment / Total Income % 13% 11% 10% 12% 8% 10% 8% 9% 2000 01 02 03 04 05 06 07 08 09
Slide 9: Key objectives
Key objectives • Staying close to customers and clients • Managing our risks • Maintaining strategic momentum
Slide 10: Strategic flight path
Strategic flight path • Consolidate position of Barclays Capital • Convert international retail investment into sustained profit • Continue to diversify Barclaycard • Build out Barclays Corporate • Implement growth plan in Barclays Wealth
Slide 11: Barclays PLC
Barclays PLC John Varley Group Chief Executive UBS Conference New York 11th May 2010