Societe Generale S.a. Class A · EURONEXT:GLE
Societe Generale S.a. Class A — Debt Investor Presentation (May 2022)
66 slides from Societe Generale S.a. Class A's debt investor presentation, May 16, 2022
Slide 1: Presentation to Debt Investors - 1st Quarter 2022 Results
PRESENTATION TO DEBT INVESTORS 1ST QUARTER 2022 RESULTS
Slide 2: Disclaimer
DISCLAIMER The financial information on Societe Generale for its 1st quarter 2022 financial results comprises in particular in the Covid-19 crisis context, including matters not yet known to it or its business rankings and market positions are internal. This presentation includes information this pr
Slide 3: 1. Key Highlights and Group Performance
1. KEY HIGHLIGHTS AND GROUP PERFORMANCE
Slide 4: Strong Q1 Results
STRONG Q1 22 RESULTS Solid business Solid Progress on strategic GROUP NET INCOME performance capital initiatives EUR 1.57bn(1) (EUR 0.84bn reported) Revenues CET 1 . Signing of the framework +16.6% (+16.1%*) 12.9%(3) agreement for the acquisition vs. Q1 21 at end of Q1 22 of LeasePlan by ALD ~370 bp
Slide 5: Effective Exit from Russia in an Orderly Manner
EFFECTIVE EXIT FROM RUSSIA IN AN ORDERLY MANNER Announced Impact at transaction Group level Signing of a SPA(1) CET 1 ratio on 11 April 2022 to sell Rosbank and the Russian insurance subsidiaries to Interros capital ~-20 bps (2) at closing mostly offset by the reversal of the rating migration on the
Slide 6: Strong Increase in Gross Operating Income
STRONG INCREASE IN GROSS OPERATING INCOME Positive jaws Cost/income ratio Cost evolution _Change in underlying revenues _Underlying cost/income(1) excluding SRF _Underlying costs(1) Q1 22/Q1 21 (EURm) and costs(1) Q1 22/Q1 21 Q1 22/Q1 21 +5.6% 79.0% +16.6% 68.7% 63.3% +31 4,325 +35 56.4% +93 +69 4,0
Slide 7: Contained Cost of Risk
CONTAINED COST OF RISK _Cost of risk(1) (in bp) Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 NON-PERFORMING LOANS RATIO(3) 39 MAR 18 MAR 19 MAR 20 MAR 21 DEC 21 MAR 22 21 11 15 GROUP 6 31(2) 4.2% 22 3.5% FRENCH RETAIL BANKING 1 1 -3 3.3% 8 3.1% 2.9% 2.9% INTERNATIONAL RETAIL 92 BANKING AND FINANCIAL 44 37 43 28 SE
Slide 8: Continued Prudent Provisioning
CONTINUED PRUDENT PROVISIONING Cost of Risk Stage 1/Stage 2 total provisions _Cost of risk (in EURm) _Total provisions(2) (in EURm) 3,622 3,614 3,355 820 (65 bps) 211 561 2,282 (39 bps) 2,379 1,987 2,235 276 425 248 1,231 (21 bps) 86 (31 bps) 609 (6 bps) 148 300 313 1,051 1,243 1,368 1,379 218 277 -
Slide 9: Russian Off-Shore Exposure in Run-Off Mode
RUSSIAN OFF-SHORE EXPOSURE IN RUN-OFF MODE Credit risk exposure Market risk exposure Portfolio managed in run-off mode since end February 2022 Proactive and effective management with external . Reduced EaD at EUR 2.8bn as of 31 March 2022 with good level of collection counterparties notably on Trade
Slide 10: 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 OIL AND GAS COAL EUR 300bn Reduce overall exposure to Reduce to zero our exposure to To support sustainable finance extraction sector by at least thermal coal in 203
Slide 11: Group Results
GROUP RESULTS In EU R m Q1 2 2 Q1 2 1 Change N et b ank i ng i ncom e 7,281 6,245 +16.6% +16.1%* Op erat i ng exp enses (5 , 3 2 9 ) (4 , 7 4 8 ) +12.2% +12.5%* (1) Underlying operating expenses (4,325) (4,097) +5.6% +5.8%* Gross op erat i ng i ncom e 1,952 1,497 +30.4% +27.3%* (1) Underlying gross
Slide 12: 2. Business Performance
2. BUSINESS PERFORMANCE
Slide 13: French Retail Banking Results
FRENCH RETAIL BANKING RESULTS Revenues +6.4%(2) vs. Q1 21 In EU R m Q1 2 2 Q1 2 1 C hange Net banking income 2,188 2,023 +8.2% Net interest margin +2.8%(2) vs. Q1 21 Net banking income excl. PEL/CEL 2,165 2,035 +6.4% mainly driven by corporate credit and private banking, Operating expenses (1,720) (
Slide 14: French Networks and Private Banking
FRENCH NETWORKS AND PRIVATE BANKING +1% +5% +2% +8% AV. LOANS OUTSTANDING(1) vs. Q1 21 AV. DEPOSITS OUTSTANDING(1) vs. Q1 21 AV. LIFE INSURANCE OUTSTANDINGS vs. Q1 21 AV. GLOBAL PRIVATE BANKING AUM(2) vs. Q1 21 _ Av. Loans(1) (EURbn) _ Av. Deposits (1) (EURbn) _ Av. Life insurance outstandings (EURb
Slide 15: Boursorama
BOURSORAMA +90% NEW CLIENT ONBOARDING vs. Q1 21 +30% TOTAL CLIENTS vs. end of Mar. 21 +29% AV. LOANS OUTSTANDING vs. Q1 21 +24% AV. DEPOSITS OUTSTANDING vs. Q1 21 _New client onboarding (‘000) _Total number of clients (m) _Av. Loans (EURbn) _ Av. Deposits and financial savings (EURbn) 388 Record 4-4
Slide 16: International Retail Banking and Financial Services Results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES RESULTS Revenues +19.3%* vs. Q1 21 In EU R m Q1 2 2 Q1 2 1 C hange Net banking income 2,223 1,862 +19.4% +19.3%* International Retail Banking revenues Operating expenses (1,183) (1,089) +8.6% +8.3%* +13.1%* vs. Q1 21 Underlying operating expenses (
Slide 17: International Retail Banking
INTERNATIONAL RETAIL BANKING EUROPE AFRICA AND OTHER +6%* LOANS OUTSTANDING vs. end of Mar.21 +3%* DEPOSIT OUTSTANDING vs. end of Mar.21 +2%* LOANS OUTSTANDING vs. end of Mar.21 +6%* DEPOSIT OUTSTANDING vs. end of Mar.21 _Revenues (EURm) _Revenues (EURm) +16%* +7%* 715 605 466 432 Q1 21 Q1 22 Q1 21
Slide 18: Insurance and Financial Services
INSURANCE AND FINANCIAL SERVICES INSURANCE FINANCIAL SERVICES +4%* SAVINGS LIFE INSURANCE OUTSTANDING +7%* PROTECTION PREMIUM 1.7m TOTAL ALD CONTRACTS +3%* EQUIPMENT FINANCE NEW vs. end of Mar.21 vs. Q1 21 as of end of Mar. 22 BUSINESS VOLUMES vs. Q1 21 _Revenues (EURm) _Revenues (EURm) +6%* +44%* 6
Slide 19: Global Banking and Investor Solutions Results
GLOBAL BANKING AND INVESTOR SOLUTIONS RESULTS Revenues In EU R m Q1 22 Q1 21 Var i at i on +18.1% vs. Q1 21 Net banking income 2,755 2,333 +18.1% +16.9%* driven by strong performance across Operating expenses (2,172) (1,893) +14.7% +15.7%* businesses Underlying operating expenses (1) (1,611) (1,526)
Slide 20: Global Markets and Investor Services
GLOBAL MARKETS AND INVESTOR SERVICES REVENUES: +19% vs. Q1 21 GLOBAL MARKETS +21% vs. Q1 21 Very strong quarter in a volatile environment, validating the strategic _Global Markets revenues (EURm) roadmap and the quality of its execution 1,777 Dynamic client activity across the board 1,475 EQUITIES +
Slide 21: Financing and Advisory
FINANCING AND ADVISORY REVENUES: +24% vs. Q1 21 GLOBAL BANKING AND ADVISORY +24% vs. Q1 21 _Revenues (EURm) Strong dynamics in Natural Resources, Trade Commodity Finance, Real Estate 790 and Infrastructure 656 661 635 Continued momentum in Asset Backed-Products, with successful initiatives on financ
Slide 22: Corporate Center
CORPORATE CENTER In EU R m Q1 22 Q1 21 Net banking income 115 27 Operating expenses (254) (155) Operating expenses (1) Underlying operating expenses (73) (71) Gross op erating income (139) (128) EUR 143m(2) transformation charges in the Unde rlyi ng gros s ope rat i ng i ncome (1 ) 42 (4 4 ) busines
Slide 23: 2022: A Pivotal Year in the Evolution of the Business Model
2022: A PIVOTAL YEAR IN THE EVOLUTION OF THE BUSINESS MODEL RETAIL BANKING & INSURANCE MOBILITY VISION BE THE RELATIONSHIP ALD MOVE CREATE A LEADING GLOBAL 2025 BANK OF REFERENCE 2025 PLAYER IN MOBILITY & STRATEGY Legal merger expected LEASEPLAN Finalise LeasePlan acquisition on 01.01.2023 by year-e
Slide 24: 3. Capital and Liquidity
3. CAPITAL AND LIQUIDITY
Slide 25: Regulatory Ratios
REGULATORY RATIOS WELL ABOVE MINIMUM REQUIREMENTS Requirements(1) End-Q1 22 ratios End-Q1 22 ratios Including IFRS9 phasing Fully-loaded CET1 9.23%(2) 12.9% 12.8% Total Capital 13.7% 17.9% 17.8% Leverage ratio 3.09% 4.3%(5) 4.3%(5) 21.5% (% RWA)(3) 30.5% (% RWA) 30.4% (% RWA) TLAC 6.75% (% leverage)
Slide 26: CET1 Well Above MDA
CET 1 WELL ABOVE MDA _Q1 22 change in CET 1(1) ratio (in bp) CET 1 of 12.9%(1) +8 bps -5 bps -21 bps 13.7% ~ 370 bps buffer over MDA at 9.23% IFRS 9 +16 bps -35 bps Limited net impact of the 2021 distribution already deducted from phasing contemplated Russian disposal CET 1 capital up to 65 bps(2) -
Slide 27: TLAC / MREL
GROUP TLAC / MREL TLAC Q1 22 ratios MREL Q1 22 ratios Meeting 2022 requirements Meeting 2022 requirements(2) % RWA(1) % RWA(1) SP SP 1.9% 25.2% SNP SNP 21.5% 9.7% % Leverage 9.7% T2 (*) % Leverage T2 (*) 19.5% AT1 8.7% AT1 CET 1 CET 1 3.9% 3.9% 6.75% 2.2% 28.6% >5.91% 2.2% 28.6% o.w. 5.91% junior de
Slide 28: Long Term Funding Programme
LONG TERM FUNDING PROGRAMME 2022 WELL ADVANCED 2022 Expected long term funding programme : c.EUR 20bn(1) 2022 expected funding programme: (of which over 65% achieved as of 26 April 2022(2)) - c. EUR 20bn of vanilla debt, well balanced across the different formats - c. EUR 19bn of structured notes is
Slide 29: 4. CSR Strategy
4. CSR STRATEGY
Slide 30: Mapping of Extra-Financial Ratings
MAPPING OF EXTRA-FINANCIAL RATINGS AGENCIES BEST SCORE WORST POSITION VERSUS PEERS A1+ D3- TOP 1% ALL COMPANIES 100 69 60 50 30 0 WORLDWIDE AAA AA A BBB BB B CCC TOP 3% BANKS WORLDWIDE 100 80 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.
Slide 31: Acceleration of Our Sustainability Ambition
ACCELERATION OF OUR SUSTAINABILITY AMBITION EUR 300bn sustainable finance 2022-2025 1 ENVIRONMENTAL TRANSITION new target expanded to full scope of bank’s activities Accompany all client segments in their transition, with Group financing and innovative solutions to serve their changing needs advisor
Slide 32: Steering Our Loan Book to Lead the Energy Transition
STEERING OUR LOAN BOOK TO LEAD THE ENERGY TRANSITION Well on track to reach our interim Lead in numerous NZBA(2) sector targets working groups 2022 2023 2024 . At least -10% in oil and gas extraction by 2025 vs. 2019 NZBA deadline OIL & GAS POWER . ~-75% carbon emission intensity of power portfolio
Slide 33: 5. Supplement
5. SUPPLEMENT
Slide 34: 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 22 Q1 21 Q1 22 Q1 21 Q1 22 Q1 21 Q1 22 Q1 21 Q1 22 Q1 21 Net banking income 2,188 2,023 2,223 1,862 2,75
Slide 35: Underlying Data - Reconciliation with Reported Figures
GROUP UNDERLYING DATA - RECONCILIATION WITH REPORTED FIGURES Net profit or Impairment Operating Income Q1 22 (in EURm) Cost of risk losses from losses on Group net income Business Expenses tax other assets goodwill Reported (5,329) (561) 2 0 (353) 842 (+) IFRIC 21 linearisation 860 (218) 626 (+) Tra
Slide 36: Underlying Data - IFRIC Impact
GROUP UNDERLYING DATA - IFRIC 21 IMPACT International Retail Banking Global Banking and Investor French Retail Banking Corporate Centre Group and Financial Services Solutions In EURm Q1 22 Q1 21 Q1 22 Q1 21 Q1 22 Q1 21 Q1 22 Q1 21 Q1 22 Q1 21 Total IFRIC 21 Impact - costs (227) (171) (123) (94) (747
Slide 37: CRR2/CRD5 Prudential Capital Ratios
GROUP CRR2/CRD5 PRUDENTIAL CAPITAL RATIOS _Phased-in Common Equity Tier 1, Tier 1 and Total Capital In EURbn 31.03.2022 31.12.2021 Shareholder equity Group share 65.9 65.1 Deeply subordinated notes* (8.2) (8.0) Undated subordinated notes* 0.0 0.0 (1) Dividend to be paid & interest on subordinated no
Slide 38: CRR2 Leverage Ratio
GROUP CRR2 LEVERAGE RATIO _CRR2 phased-in Leverage Ratio(1) In EURbn 31.03.2022 31.12.2021 Tier 1 Capital 56.9 57.9 Total prudential balance sheet (2) 1,450 1,300 Adjustments related to derivative financial instruments (9) 9 (3) Adjustments related to securities financing transactions 19 15 Off-bala
Slide 39: Risk-Weighted Assets
GROUP RISK-WEIGHTED ASSETS* (CRR2/CRD5, IN EURbn) 376,6 363,4 353,1 46,8 46,8 49,2 13,0 123,1 122,8 125,9 11,6 117,7 117,5 15,2 109,2 5,5 106,6 107,8 5,5 0,2 103,8 0,1 29,1 5,6 29,0 6,3 5,0 0,1 0,2 30,0 0,3 5,0 0,3 11,3 11,7 14,5 304,9 316,8 Total 288,6 112,1 117,5 100,0 98,5 102,7 103,4 82,6 85,2 O
Slide 40: Geographic Breakdown of SG Group Commitments
GROUP - GEOGRAPHIC BREAKDOWN OF SG GROUP COMMITMENTS AT 31.03.2022 On-and off-balance sheet EAD* All customers included: EUR 1,150bn Africa and Middle East 4% Latin America 1% Others 1% Asia Pacific 6% Eastern Europe (excluding EU) 2% Eastern Europe (EU) 7% France 45% North America 14% Western Europ
Slide 41: Change in Gross Book Outstandings
GROUP CHANGE IN GROSS BOOK OUTSTANDINGS* _End of period in EURbn Total 573,0 579,9 553,9 529,4 527,7 530,2 538,8 518,6 520,8 145,3 142,3 141,7 International Banking and Financial 135,9 135,7 136,7 139,9 Services 134,2 135,5 Global Banking and Investor Solutions 170,7 176,9 145,3 149,9 160,4 158,7 14
Slide 42: Cost of Risk
GROUP COST OF RISK In EURm Q1 22 Q1 21 Net Cost Of Risk 47 129 French Retail Banking Gross loan Outstandings 242,645 233,953 Cost of Risk in bp 8 22 Net Cost Of Risk 325 142 International Retail Banking and Gross loan Outstandings 140,547 130,196 Financial Services Cost of Risk in bp 92 44 Net Cost
Slide 43: Non-Performing Loans
GROUP NON-PERFORMING LOANS In EUR bn 31.03.2022 31.12.2021 31.03.2021 Performing loans 561. 3 543. 9 512. 5 inc. Stage 1 book outstandings (1) 491. 3 479. 9 442. 2 inc. Stage 2 book outstandings 50. 7 43. 5 47. 6 Non-performing loans 16. 9 16. 5 17. 4 inc. Stage 3 book outstandings 16. 9 16. 5 17. 4
Slide 44: Focus on Exposures
FOCUS ON EXPOSURES Corporate portfolio breakdown Exposure to sensitive sectors Corporate EAD(1) in each sector in % of total group EAD at 31.03.2022 POWER UTILITIES IN EUROPE: 1% of total Group EAD Total group EAD: EUR 1,150bn ACCOMMODATION*: 0.3% of total Group EAD Finance & Insurance 7,3% Real Est
Slide 45: IFRS 9 Monitoring
IFRS 9 MONITORING METHODOLOGY APPLIED As of Q1 22, IFRS 9 parameters were updated in order to keep a prudent approach: • Updated 4 macroeconomic scenarios, maintaining the conservative adjustments made to take into account both the delay in defaults and the massive State support in the major countri
Slide 46: 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) 40 34 26 30 22 15 15 13 10 43 __ Trading VaR* 33 Credit 23 18 Interest Rates 20 Equity 28 19 21 14 11 19 11 Forex 7 7 13 12 Commodities 13 10 19 20 20 20 17 Compensation Effect 12 10 8 9 3 3 3 3 3
Slide 47: Group Long Term Funding Breakdown
GROUP LONG TERM FUNDING BREAKDOWN(1) _Breakdown as of 31.03.2022 Senior Preferred Structured Access to diversified and complementary investor bases through: Senior Vanilla Preferred Unsecured Subordinated issuances Issues(2) Senior vanilla issuances (public or private placements) 10% 14% Senior Non-
Slide 48: Solid Funding Structure
SOLID FUNDING STRUCTURE _Loan to Deposit Ratio 105% Robust balance sheet 600 89% 89% 89% 91% 87% Loan to deposit ratio slightly down at 87% 500 80% High quality asset buffers 400 Prêts Comfortable LCR at 137% on average in Q1 22 300 562 592 55% clientèle 537 553 NSFR at 112% above regulatory require
Slide 49: Credit Rating Overview
CREDIT RATING OVERVIEW Credit Rating as of May 2022 Good fundamentals S&P: “Diverse business model by geography and segment” Fitch Moody’s S&P Moody’s: “Strong franchise and well-diversified universal banking business model” LT/ST A(dcr) A1(cr)/P-1(cr) A/A-1 Fitch: “The bank's ratings remain support
Slide 50: EPS Calculation
GROUP EPS CALCULATION Average number of shares (thousands) Q1 22 2021 2020 Existing shares 845,248 853,371 853,371 Deductions Shares allocated to cover stock option plans and free shares awarded to 6,021 3,861 2,987 staff Other own shares and treasury shares 8,124 3,249 - Number of shares used to ca
Slide 51: Net Asset Value, Tangible Net Asset Value
GROUP NET ASSET VALUE, TANGIBLE NET ASSET VALUE End of period (in EURm) Q1 22 2021 2020 Shareholders' equity Group share* 65,852 65,067 61,710 Deeply subordinated notes (8,178) (8,003) (8,830) Undated subordinated notes - - (264) Interest of deeeply & undated subodinated notes, issue premium (65) 20
Slide 52: ROE/ROTE Calculation Detail
GROUP ROE/ROTE CALCULATION DETAIL End of period (in EURm) Q1 22 Q1 21 Shareholders' equity Group share 65,852 62,920 Deeply subordinated notes (8,178) (9,179) Undated subordinated notes - (273) (1) Interest of deeeply & undated subodinated notes, issue premium amortisations (65) (51) OCI excluding c
Slide 53: French Retail Banking Net Banking Income
FRENCH RETAIL BANKING NET BANKING INCOME _Change _NBI, (in EURm) Q1 22 vs. Q1 21 2 023 2 080 2 165 2 221 2 188 +8.2% Commissions + 6.9% vs. Q1 21 1 002 984 1 032 965 955 +6.9% 66 106 70 100 Fees Net interest margin (1) 66 +52.8% + 2.8% vs. Q1 21 Other Income 1 037 1 102 1 093 1 032 1 005 +2.8% Net I
Slide 54: Customer Deposits and Financial Savings
FRENCH RETAIL BANKING CUSTOMER DEPOSITS AND FINANCIAL SAVINGS _Change Q1 22 vs. Q1 21 _Average outstandings (in EURbn) 406 416 425 431 431 +6.2% Financial Savings +3.4% EUR 146.1bn 119 117 117 117 4.3% vs. Q1 21 114 +8.5% 27 27 29 26 Life Insurance 26 Deposits +7.6% Securities, Mutual Funds and Othe
Slide 55: Loans Outstanding
FRENCH RETAIL BANKING LOANS OUTSTANDING _Change _Average outstandings, net of provisions (in EURbn) Q1 22 vs. Q1 21 237 237 238 241 244 +2.8% 1 246 1 244 1 118 119 121 123 125 +5.8% 1 242 1 240 1 18 19 19 20 20 +7.3% Housing 238 0 Consumer Credit 0 -1.5% 236 and Overdraft 0 101 99 98 99 100 Business
Slide 56: 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 Q1 22 Q1 21 Change Q1 22 Q1 21 Change Q1 22 Q1 21 Change Q1 22 Q1 21 Change Net banking income 1,343 1,187 +13.1%* 250 236 +6.0%* 630 439 +43.6%* 2,223 1,862
Slide 57: International Retail Banking Breakdown by Region
INTERNATIONAL RETAIL BANKING BREAKDOWN BY REGION - QUARTERLY RESULTS Western Europe Czech Republic Romania Russia(1) Africa, Mediterranean Total International Retail bassin and Overseas Banking In EURm Q1 22 Q1 21 Change Q1 22 Q1 21 Change Q1 22 Q1 21 Change Q1 22 Q1 21 Change Q1 22 Q1 21 Change Q1
Slide 58: 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 Mar. 22 vs. Mar. 21 Mar. 22 vs. Mar. 21 14.5 Equipment +1.4%* 14.2 Finance(1) 92.7 +5.4%* +10.7%* 8
Slide 59: 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) Change 1% 350 Q1 22/ Q1 21 128,1 130,6 131,8 1% 1% 135,2 133,9 300 +4.1%* 266 273 276 277 276 250 1% 1% 34% 35
Slide 60: 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 Services Solutions In EURm Q1 22 Q1 21 Change Q1 22 Q1 21 Change Q1 22 Q1 21 Change Q1 22 Q1 21 Change Net banking income 1,965 1,650 +15.4%* 790 635 +20
Slide 61: 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) 63,2 62,7 64,4 54,3 60,1 61,5 6,0 5,6 5,6 24,0 23,5 23,5 1,4 1,5 1,6 9,8 10,1 Operational 13,1 46,9 53,0 54,3 Market 26,1 29,5 30,8 Credit Q1 21
Slide 62: Global Banking and Investor Solutions Revenues
GLOBAL BANKING AND INVESTOR SOLUTIONS REVENUES _Financing & Advisory Revenues (in EURm) _Global Markets and Investor Services Revenues (in EURm) 188 175 160 767 Securities 155 625 157 Services 470 380 376 Fixed Income and 820 790 720 754 Currencies 635 1 010 851 758 814 727 Equities Q1 21 Q2 21 Q3 2
Slide 63: Recognised Expertise: League Tables, Rankings, Awards
GLOBAL BANKING AND INVESTOR SOLUTIONS RECOGNISED EXPERTISE: LEAGUE TABLES - RANKINGS - AWARDS AWARDS LEAGUE TABLES AND RANKINGS GLOBAL BANKING & ADVISORY SUSTAINABLE FINANCE #1 All Euro-denominated Sustainability-Linked Bonds #1 Lender - Global Sustainable Export Finance league table for 20212 #3 Gl
Slide 64: Financing & Advisory: Supporting Clients in Their Transformations
FINANCING & ADVISORY SUPPORTING CLIENTS IN THEIR TRANSFORMATIONS CLIENT PROXIMITY TDF FIBRE EUR 735m “Social Loan” labelled debt package– Financing the INNOVATION Sole Financial Advisor, ESG structurer, Global roll-out of fiber optic networks in French low-density areas Coordinator, Co-Underwriter,
Slide 65: 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 66: 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
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