Societe Generale S.a. Class A · EURONEXT:GLE
Societe Generale S.a. Class A — Q2 2024 Earnings Presentation
71 slides from Societe Generale S.a. Class A's earnings presentation, Aug 15, 2024
Slide 1: Societe Generale Group Results
Societe Generale Group Results Second quarter and first half 2024 results
Slide 2: Disclaimer
Disclaimer The financial information on Societe Generale for its second management or not currently considered material, and there forecasts) and our own internal estimates. We have not quarter and first-half 2024 financial results comprises this can be no assurance that anticipated events will occu
Slide 3: Quarterly and first half results
Quarterly and first half results Income Balance Sheet Main highlights Statement and Capital Revenues Delivering on targets, sustained improvement in profitability EUR 6.7bn in Q2 24 CET1 EUR 13.3bn in H1 24 13.1%(1) at end of Q2 24 Robust business performance, revenues up +6% vs Q2 23, +3% vs H1 23
Slide 4: 1. Group performance
1. Group performance SOCIETE GENERALE
Slide 5: Q2 operating performance
Q2 24 operating performance Q2 24 Revenues (EURm) Q2 24 Operating Expenses (EURm) Q2 24 Cost / Income ratio (%) +238 -51 +189 6,685 +81 -56 +104 4,570 6,287 +22 78.3% 4,441 74.9% 70.6% 68.4% 68.4% Q2 23 FRPBI(1) GBIS(2) MIBS(3) Corporate Q2 24 Q2 23 Perimeter Profit sharing Other Q2 24 Q2 23 Q2 24 Q
Slide 6: Cost of risk and S1/S2 provisions
Cost of risk and S1/S2 provisions Cost of risk(1) Total S1/S2 provisions(2) (in EURm) In bps In EURm 3,622 3,769 3,572 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 H1 23 H1 24 3,355 3,178(3) Group 12 21 24 27 26 12 27 2,282 2,379 2,503 2,304 1,987 2,067 Stage 2 French Retail, Private Banking 1,231 18 24 27 41 29 1
Slide 7: Capital ratios
Capital ratios Change in CET1 ratio(1) (in bps) Risk-weighted assets (in EURbn) +29bps -17bps 385 388 389 +7bps -6bps -12bps 13.2% -10bps IFRS 9 +2bps phasing 13.1% Q2 23 Q1 24 Q2 24 +2bps Main regulatory ratios Requirements Ratios(1) CET1 10.26% 13.1% 31.03.24 Organic Distributable Organic M&A Regu
Slide 8: Liquidity profile and deposit base
Liquidity profile and deposit base Robust balance sheet(1) Diversified deposit base Funded balance sheet(2) in EURbn as of Q2 24 In EURbn as of Q2 24 965 961 961 965 Short term wholesale funding 63 Net deposits in 10 TLTRO 214 French retail central banks HQLA⁽³⁾ 94 International banking Interbank lo
Slide 9: Group results
Group results In EURm Q2 24 Q2 23 Change 6M 24 6M 23 Change Net banking income 6,685 6,287 +6.3% +4.8%* 13,330 12,958 +2.9% -0.5%* Operating expenses (4,570) (4,441) +2.9% +0.7%* (9,550) (9,498) +0.6% -3.2%* Gross operating income 2,115 1,846 +14.5% +15.0%* 3,780 3,460 +9.2% +6.8%* Net cost of risk
Slide 10: 2. Business performance
2. Business performance SOCIETE GENERALE
Slide 11: SG network, Private Banking and Insurance
SG network, Private Banking and Insurance Loans and deposits outstanding of SG network -5% -2% Av. loans outstanding vs. Q2 23 Av. deposits outstanding vs. Q2 23 Stable corporate loans outstanding (excl. PGE) vs. Q2 23, In EURbn In EURbn PGE outstandings down EUR -3bn vs. Q2 23 239 Ongoing rebound i
Slide 12: NII of French Retail, Private Banking and Insurance
NII of French Retail, Private Banking and Insurance Outstandings and NII outlook Main building blocks SG Group French Retail deposits and loans outstanding Short term hedges Deposit mix (in EURbn) Loans outstanding (in EURbn) Last impact of legacy hedges on NII (~EUR -150m in Q2 24) 298 295 299 51.3
Slide 13: BoursoBank
BoursoBank x2.3 +31% New client onboarding vs. Q2 23 Total clients vs. Q2 23 Client activity In ′000 In m 6.5 +302k new clients in line with plan, >6.5m clients at end Q2 24 5.0 Decrease in client acquisition costs (~-14% vs. Q1 24) 357 302 4.0 Sustainable market share increase on deposits 129 Decre
Slide 14: French Retail, Private Banking and Insurance results
French Retail, Private Banking and Insurance results Revenues +1.1% vs. Q2 23, +5.7% vs. Q1 24 NII excl. PEL/CEL +10.6% vs. Q2 23, +8.6% vs. Q1 24 In EURm Q2 24 Q2 23 Change 6M 24 6M 23 Change Net banking income 2,125 2,103 +1.1% 4,136 4,189 -1.3% Fees stable vs. Q2 23 (+2.3% excl. BoursoBank client
Slide 15: Global Markets and Investor Services
Global Markets and Investor Services Revenues: +14.0% vs. Q2 23 Global Markets revenues +15.7% vs. Q2 23 Q2 24 Global Markets revenues(1) H1 24 Global Markets revenues(1) (EURm) (EURm) Equities +24.4% vs. Q2 23 1,560 Very strong performance across all activities driven by high volumes 1,509 3,286 3,
Slide 16: Financing and Advisory
Financing and Advisory Revenues: +2.9% vs. Q2 23 Q2 24 F&A revenues(1) H1 24 F&A revenues(1) (EURm) (EURm) Global Banking and Advisory broadly stable vs. Q2 23 Excellent quarter in securitization 879 1,760 854 1,701 Strong rebound in Investment Banking driven by M&A and DCM, 835 1,632 low ECM activi
Slide 17: Global Banking and Investor Solutions
Global Banking and Investor Solutions Revenues +10.0% vs. Q2 23 Global Markets and Investor Services +14.0% vs. Q2 23 In EUR m Q2 24 Q2 23 Variation 6M 24 6M 23 Change Net banking income 2,621 2,383 +10.0% +8.6%* 5,244 5,148 +1.9% +1.3%* Financing and Advisory +2.9% vs. Q2 23 Operating expenses (1,6
Slide 18: International Retail Banking
International Retail Banking +1% +3% Loans outstanding vs. Q2 23 Deposits outstanding vs. Q2 23 Europe In EURbn In EURbn Robust commercial activity across countries and segments Sustained growth vs. Q2 23 in loans and deposits outstanding 54 54 55 41 41 42 High level of revenues, up +1%* vs. Q2 23.
Slide 19: Mobility and Financial Services
Mobility and Financial Services Revenues: -4% vs. Q2 23 Ayvens revenues -4% vs. Q2 23(1) Q2 24 M&FS revenues Q2 24 M&FS revenues (EURm) (EURm) (+5% vs. Q1 24 restated from non-recurring items(2)) Earning assets: ~+10% vs. Q2 23, ~+1% vs. Q1 24 1,152 Increase in margins(2) at 539bps(3) in Q2 24 vs. 5
Slide 20: Mobility, International Retail Banking and Financial Services
Mobility, International Retail Banking and Financial Services Revenues -2% vs. Q2 23, stable vs. Q1 24 In EURm Q2 24 Q2 23 Change 6M 24 6M 23 Change International Retail Banking stable vs. Q2 23 Net banking income 2,145 2,196 -2.3% -5.7%* 4,295 4,263 +0.8% -9.3%* Mobility and Financial Services -4%
Slide 21: Corporate Centre
Corporate Centre Revenues In EURm Q2 24 Q2 23 Change 6M 24 6M 23 Change Net banking income (206) (395) +47.7% +48.5%* (345) (642) +46.3% +47.0%* Mainly composed of the negative carry related to the management for the Group of both: Operating expenses (13) (32) -57.9% -69.4%* (158) (85) +87.3% +78.8%
Slide 22: Delivering our sustainability roadmap
Delivering our sustainability roadmap Leading by example Supporting clients in the transition Among the best ESG rated companies worldwide across the Delivering well ahead of schedule our EUR 300bn sustainable spectrum of agencies finance target 2022-2025 Acquisition of a majority stake in Reed Mana
Slide 23: 3. Conclusion
3. Conclusion SOCIETE GENERALE
Slide 24: On pace towards financial targets
On pace towards financial targets 2024 2026 2023 Q1 24 Q2 24 6M 24 TARGETS TARGETS +6.3% ≥+5% REVENUES REVENUES -8% -0.4% +2.9% vs. 2023 0%-2% vs. 2022 vs. Q1 23 vs. Q2 23 vs. 6M 23 i.e. ~-1.5% CAGR2022-2026 CAGR 2022-2024 COST / INCOME RATIO 73.8% 74.9% 68.4% 71.6% <71% C/I RATIO <60% in 2023 in Q1
Slide 25: 4. Supplement
4. Supplement SOCIETE GENERALE
Slide 26: NZBA portfolio alignment targets (1/2)
NZBA portfolio alignment targets (1/2) Societe Generale’s alignment targets are presented in more detail in its NZBA report, July 2024: https://www.societegenerale.com/sites/default/files/documents/CSR/nzba-progress-report-2024.pdf EMISSIONS SECTOR BOUNDARY METRICS SCOPE SCENARIO BASELINE & TARGET O
Slide 27: NZBA portfolio alignment targets (2/2)
NZBA portfolio alignment targets (2/2) EMISSIONS SECTOR & SCOPE METRICS SCENARIO BASELINE & TARGET SCOPE Cement 671 KgCO2e/tcement -20% 535 463 LIMESTONE MANUFACTURING CONCRETES CONSTRUCTION IEA’s NZE2050 QUARRYING INDUSTRY kgCO2e/t cement(1) Scopes 1 & 2 scenario 2022 2030 IEA 2030 4.0 Steel SSPAli
Slide 28: External recognition in ESG
External recognition in ESG AGENCIES WORST SCORE BEST AWARDS Sector average SG Bank of the Year for CCC B BB BBB A AA AAA Sustainability for the 2nd Sector time by IFR average SG 60+ 50 40 30 20 Low 0 World’s Best Bank for Risk 19.6 Sustainable Finance for the Sector 3rd time by Global Finance avera
Slide 29: Key ESG targets
Key ESG targets Focused on fossil fuel financing reduction Engaging our business ‒ Oil & Gas: -80% upstream exposure reduction by 2030 vs. 2019, with an intermediary step in 2025 at -50% vs. 2019 EUR 300bn to support sustainable finance 2022 - 2025 ‒ Thermal Coal: Reduce exposure to zero by 2030 for
Slide 30: Exceptional items
Exceptional items In EURm Q2 24 Q2 23 6M 24 6M 23 Net Banking Income - Total exceptional items 0 (240) 0 (240) One-off legacy items - Corporate Centre 0 (240) 0 (240) Operating expenses - Total one-off items and transformation charges (124) (271) (476) (517) Transformation charges (124) (236) (476)
Slide 31: IFRIC impact
Group IFRIC 21 impact Total IFRIC 21 Impact o/w Resolution Funds - costs In EURm 6M 24 6M 23 6M 24 6M 23 French Retail, Private Banking and Insurance (47) (167) 0 (112) Global Banking and Investor Solutions (106) (581) 0 (481) Global Markets and Investor Services (85) (421) 0 (357) Financing and Adv
Slide 32: Q2 income statement by core business
Group Q2 24 income statement by core business French Retail, Private Banking Global Banking and Investor Mobility, International Retail Corporate Centre Group and Insurance Solutions Banking & Financial Services In EURm Q2 24 Q2 23 Q2 24 Q2 23 Q2 24 Q2 23 Q2 24 Q2 23 Q2 24 Q2 23 Net banking income 2
Slide 33: H1 income statement by core business
Group H1 24 income statement by core business French Retail, Private Banking Global Banking and Investor Mobility, International Retail Corporate Centre Group and Insurance Solutions Banking & Financial Services In EURm 6M 24 6M 23 6M 24 6M 23 6M 24 6M 23 6M 24 6M 23 6M 24 6M 23 Net banking income 4
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 30.06.2024 31.12.2023 Shareholder equity Group share 66.8 66.0 (1) Deeply subordinated notes (9.7) (9.1) Distribution to be paid(2) & interest on subordinated notes (0.8) (1.1) Goodwill and in
Slide 35: CRR2 leverage ratio
Group CRR2 leverage ratio CRR2 phased-in Leverage Ratio(1) In EURbn 30.06.2024 31.12.2023 Tier 1 Capital 61.0 60.5 Total prudential balance sheet(2) 1,428 1,397 Adjustments related to derivative financial instruments 1 0 (3) Adjustments related to securities financing transactions 17 14 Off-balance
Slide 36: TLAC and MREL ratios
Group TLAC and MREL ratios TLAC Q2 24 ratios MREL Q2 24 ratios % RWA EUR bn % Leverage % RWA EUR bn % Leverage 33.1% EUR 129bn 4.8% 18 28.4% EUR 110bn SP SP 27.6% SNP SNP T2 ⁽¹⁾ 22.3% 9.5% 37 9.5% 37 T2 ⁽¹⁾ AT1 CET1 AT1 CET1 3.2% 13 3.2% 13 2.6% 10 EUR 110bn o.w. 2.6% 10 EUR 110bn 8.8% 7.5% junior d
Slide 37: Risk-weighted assets
Group Risk-weighted assets(1) (CRR2/CRD5, in EUR bn) 388.2 388.5 385.0 48.8 50.1 50.5 128.9 129.2 125.6 12.0 120.7 119.6 120.0 11.6 11.3 118.2 118.7 118.1 7.5 7.6 7.4 5.1 5.2 5.2 0.3 0.3 0.1 0.0 0.0 0.0 29.0 29.3 29.8 Total 10.5 10.7 10.1 Operational Market 121.1 121.4 324.6 326.1 326.8 113.6 118.1
Slide 38: Geographic breakdown of Group commitments
Group Geographic breakdown of SG Group commitment at 30.06.2024 On-and off-balance sheet EAD(1) All customers included: EUR 1,157bn Africa and Middle Latin America and East 3% Caribbean 1% Asia Pacific 6% Eastern Europe (EU) 7% France 43% North America 16% Western Europe (excl. France) 23% (1) Total
Slide 39: Change in gross book outstandings
Group Change in gross book outstandings(1) End of period in EURbn 585.0 594.7 586.1 597.0 597.8 592.0 Total 572.4 568.5 566.6 131.9 138.1 139.3 163.5 164.3 137.8 166.7 141.9 142.7 Mobility, International Retail Banking & Financial Services Global Banking and Investor Solutions 190.7 190.1 182.9 170.
Slide 40: Cost of risk
Group Cost of risk In EURm Q2 24 Q2 23 H1 24 H1 23 Net Cost Of Risk 173 109 420 198 French Retail, Private Banking and Gross loan Outstandings 236,044 249,843 237,219 251,266 Insurance Cost of Risk in bp 29 18 35 16 Net Cost Of Risk 21 (27) 1 (22) Global Banking and Investor Solutions Gross loan Out
Slide 41: Non-performing loans
Group Non-performing loans In EUR bn 30.06.2024 31.03.2024 30.06.2023 Performing loans 499.9 509.7 544.7 inc. Stage 1 book outstandings ⁽¹⁾ 450.2 456.9 491.9 inc. Stage 2 book outstandings 36.0 38.1 36.9 Non-performing loans 15.6 15.0 16.4 inc. Stage 3 book outstandings 15.6 15.0 16.4 Total Gross bo
Slide 42: Sovereign exposure by geography
Sovereign exposure by geography Bank i ng b ook Trad i ng b ook o/w Financial assets o/w Financial assets at FV o/w financial assets at FV F i nanci al asset s at F V Tot al Tot al at amortised cost through OCI through P&L t hrough P &L (A + B) (A) o/w Ce nt ral (B) In EUR bn, as of 30June 2024 Tot
Slide 43: Limited and sound commercial real estate exposure
Limited and sound commercial real estate exposure Diversified exposure European portfolio US portfolio Commercial real estate gross exposure by geography (%) European commercial real estate gross exposure by asset class (%) US commercial real estate gross exposure by asset class (%) 5%2% France Offi
Slide 44: Residual Russian exposure
Residual Russian exposure Limited Russian exposure Offshore Exposure breakdown Offshore portfolio reduced by more than -80% Corporate gross exposure by type as of 30 June 24 Evolution of exposure at default (EUR bn) 14% 3.2 2.6 ECA-backed 17% 1.8 1.6 Pre-export Finance 1.0 0.9 0.7 0.6 69% Term Loan
Slide 45: Focus on exposures
Focus on exposures Corporate portfolio breakdown Most sensitive exposures Corporate EAD(1) in each sector(2) in % of total group EAD at 30.06.2024 Total group EAD: EUR 1,157bn COMMERCIAL REAL ESTATE: ~2% of total Group EAD Financial services 7.2% Utilities 2.7% Real Estate 2.5% CONSTRUCTION: ~1.2% o
Slide 46: IFRS expected credit loss monitoring
IFRS 9 expected credit loss monitoring METHODOLOGY APPLIED As of Q2 24, 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: ce
Slide 47: 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) 24 25 27 24 24 15 18 17 18 23 18 18 17 21 15 12 __ Trading VaR(1) 14 9 Credit 18 17 15 14 16 17 Interest Rates 15 10 8 Equity 8 11 12 14 14 13 14 Forex 9 11 4 3 2 Commodities 2 2 2 2 2 1 1 1 1
Slide 48: Long term funding program
Long term funding program 2024 vanilla long term funding program well advanced 2024 vanilla funding program well advanced with an Program Issued* ~85% execution rate as of 17 July 2024 (in EURbn) (in EURbn) Secured notes ~3 ~ 2.7 Senior Preferred notes ~8 ~ 5.7 c. EUR 17.6bn of vanilla notes issued
Slide 49: Liquid asset buffer
Group Liquid asset buffer Liquid Asset Buffer (in EURbn) 326 316 316 Strong liquidity reserves further strengthened 309 33 284 28 (+EUR 42bn vs. Q2 23) 27 28 25 55 74 81 . Significant part of cash at Central Banks 57 81 (EUR212bn as of Q2 24 vs. EUR 202bn as of Q2 23) . HQLA (EUR 81bn net of haircut
Slide 50: EPS calculation
Group EPS calculation Average number of shares (thousands) H1 24 Q1 24 2023 Existing shares 802,980 802,980 818,008 Deductions Shares allocated to cover stock option plans and free shares awarded to staff 4,791 5,277 6,802 Other own shares and treasury shares 3,907 0 11,891 Number of shares used to
Slide 51: Net asset value, tangible net asset value
Group Net asset value, tangible net asset value End of period (in EURm) H1 24 Q1 24 2023 Shareholders' equity Group share 66,829 67,342 65,975 Deeply subordinated and undated subordinated notes (9,747) (10,166) (9,095) Interest payable to holders of deeply & undated subordinated notes, issue premium
Slide 52: ROE/ROTE calculation detail
Group ROE/ROTE calculation detail End of period (in EURm) Q2 24 Q2 23 6M 24 6M 23 Shareholders' equity Group share 66,829 68,007 66,829 68,007 Deeply subordinated and undated subordinated notes (9,747) (10,815) (9,747) (10,815) (1) Interest payable to holders of deeply & undated subordinated notes,
Slide 53: French Retail, Private Banking and Insurance: Q2 and H1 results
French Retail, Private Banking and Insurance Q2 24 and H1 24 results French Retail, Private Banking French Retail, Private Banking O.w Insurance O.w Insurance and Insurance and Insurance In EURm Q2 24 Q2 23 Change Q2 24 Q2 23 Change H1 24 H1 23 Change H1 24 H1 23 Change Net banking income 2,125 2,10
Slide 54: French Retail: Net banking income
French Retail, Private Banking and Insurance Net banking income NBI (in EURm) 2,103 2,125 2,010 +1.1% 1,963 173 Commissions 176 1,900 166 149 142 #REF! vs. Q2 23 Insurance Revenues 1,026 1,027 +8.5% 948 1,018 Fees 985 Net interest margin -68.2% Net Interest Margin #REF! vs. Q2 23 808 +10.6% Other In
Slide 55: Customer deposits and financial savings
French Retail, Private Banking and Insurance Customer deposits and financial savings Average outstandings (in EURbn) 475 459 461 462 467 143 Life Insurance (1) 133 132 136 141 Securities, Mutual Funds and Other 28 29 31 31 33 Sight Deposits PEL 146 138 133 133 153 Pass-through deposits Regulated Sav
Slide 56: Loans outstanding
French Retail, Private Banking and Insurance Loans outstanding Average outstandings, net of provisions (in EURbn) 241 237 -4.8% 234 231 229 124 122 -4.9% 120 119 118 Housing 17 16 15 15 14 -13.8% Consumer Credit and Overdraft Business 100 99 -3.2% Customers(1) and 99 98 97 Financial Institutions 0.2
Slide 57: Insurance key figures
French Retail, Private Banking and Insurance Insurance key figures 1% Life Insurance Outstandings Personal Protection Insurance Premiums (in EURm) 1% and Unit Linked Breakdown (in EURbn) 133.3 131.8 136.2 350 140.5 142.9 1% 300 1% 38% 37% 38% 265 268 271 250 39% 267 1% 39% 200 258 1% 150 0% 0% Unit
Slide 58: Global Banking and Investor Solutions: Q2 results
Global Banking and Investor Solutions Q2 24 results Global Markets and Investor Total Global Banking and Investor Financing and Advisory Services Solutions In EURm Q2 24 Q2 23 Change Q2 24 Q2 23 Change Q2 24 Q2 23 Change Net banking income 1,742 1,528 +12.2%* 879 854 +2.3%* 2,621 2,383 +10.0% +8.6%*
Slide 59: Global Banking and Investor Solutions: H1 results
Global Banking and Investor Solutions H1 24 results Global Markets and Investor Total Global Banking and Investor Financing and Advisory Services Solutions In EURm 6M 24 6M 23 Change 6M 24 6M 23 Change 6M 24 6M 23 Change Net banking income 3,485 3,447 +0.4%* 1,760 1,701 +3.2%* 5,244 5,148 +1.9% +1.3
Slide 60: 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) 60.2 60.3 62.2 60.5 59.3 57.8 5.6 5.8 6.2 23.3 0.8 0.8 1.7 23.5 23.6 Operational 9.6 9.9 8.4 53.8 53.7 54.3 Market 27.5 25.8 25.8 Credit Q2 23 Q1 2
Slide 61: 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) 161 181 179 168 Securities 144 713 571 Services 881 879 554 500 854 843 826 460 Fixed Income and Currencies 869 989 795 799 755 Equities Q2 23 Q3 23 Q4 23 Q1
Slide 62: Financing & Advisory: Supporting clients in their transformations
Financing & Advisory Supporting clients in their transformations Client proximity Roquette Frères Financing package of EUR 3.2bn to support Roquette in its acquisition of IFF Innovation Pharma Solutions, a leading provider of excipient solutions in Pharma and dietary Underwriter, Bookrunner & MLA, s
Slide 63: Recognised expertise: league tables, rankings, awards
Global Banking and Investor Solutions Recognised expertise: league tables - rankings - awards AWARDS & RANKINGS LEAGUE TABLES GLOBAL BANKING & ADVISORY SUSTAINABLE FINANCE & ESG PRODUCTS #2 EUR Sustainability-Linked Bonds GlobalCapital Bond Awards 2024 RFIx24 Awards #3 EUR Green, Social and Sustaina
Slide 64: Mobility, International Retail Banking and Financial Services: Q2 24 results
Mobility, International Retail Banking and Financial Services Q2 24 results International Retail Banking Mobility and Financial Services O.w Consumer finance Total In EURm Q2 24 Q2 23 Change Q2 24 Q2 23 Change Q2 24 Q2 23 Change Q2 24 Q2 23 Change Net banking income 1,040 1,044 +3.5%* 1,105 1,152 -1
Slide 65: Mobility, International Retail Banking and Financial Services: H1 24 results
Mobility, International Retail Banking and Financial Services H1 24 results International Retail Banking Mobility and Financial Services O.w Consumer finance Total In EURm H1 24 H1 23 Change H1 24 H1 23 Change H1 24 H1 23 Change H1 24 H1 23 Change Net banking income 2,073 2,079 +3.5%* 2,222 2,184 -2
Slide 66: Breakdown by region – Q2 24 results
Mobility, International Retail Banking and Financial Services Breakdown by region – Q2 24 results Czech Republic Romania Africa, Mediterranean basin and Total International Retail Banking Overseas In EURm Q2 24 Q2 23 Change Q2 24 Q2 23 Change Q2 24 Q2 23 Change Q2 24 Q2 23 Change Net banking income
Slide 67: Breakdown by region – H1 24 results
Mobility, International Retail Banking and Financial Services Breakdown by region – H1 24 results Czech Republic Romania Africa, Mediterranean basin and Total International Retail Banking Overseas In EURm H1 24 H1 23 Change H1 24 H1 23 Change H1 24 H1 23 Change H1 24 H1 23 Change Net banking income
Slide 68: Breakdown of loans and deposits outstanding
Mobility, International Retail Banking and Financial Services Breakdown of loans and deposits outstanding Breakdown of Loans Outstanding (in EURbn)(1) Variation Breakdown of Deposits Outstanding (in EURbn) Variation Q2 24 / Q2 23 Q2 24 / Q2 23 90.0 92.4 +2.6% 17.5 +17.6% Sub-total Mobility and Finan
Slide 69: Presence in Africa
Mobility, International Retail Banking and Financial Services Presence in Africa Clients NBI Net income C/I RWA 4.2m EUR 1bn EUR 144m 55% EUR 23bn NBI RWA Credits Deposits L/D Ratio Ranking H1 24 (in EUR m) (in EUR m) (in EUR m) (in EUR m) Morocco 245 7,944 8,625 7,460 116% 5th Algeria 96 1,745 1,65
Slide 70: Methodology (1/2)
Methodology (1/2) 1 – Net banking income The pillars’ net banking income is defined on page 42 of Societe Generale’s 2024 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 71: Methodology (2/2)
Methodology (2/2) 7 – The Societe Generale Group’s Common Equity Tier 1 capital is calculated in accordance with applicable CRR2/CRD5 rules. The phased-in ratios include the earnings for the current financial year and the related provision for dividends. The difference between phased-in ratio and fu