Barclays Plc · LSE:BARC
Barclays — Debt Investor Presentation (February 2025)
77 slides from Barclays's debt investor presentation, Feb 13, 2025
Slide 1: Q4 2024 Fixed Income Investor Presentation
Q4 2024 Fixed Income Investor Presentation 13th February 2025
Slide 2: Why Barclays
Why Barclays Barclays FY24 Results February 2025 2 1 High returning UK retail and corporate franchises 2 Top-tier global Investment Bank with focus and scale, operating in core UK and US markets 3 Multiple levers to allocate capital in a disciplined way to drive growth within higher returning divisi
Slide 3: Progress Update
Progress Update 13th February 2025
Slide 4: Simpler, Better, More balanced: one year into our three-year plan
Simpler, Better, More balanced: one year into our three-year plan Barclays FY24 Results February 2025 4 2021 2022 2023 2024 A different environment vs. Investor Update Market Group 1.6%2 • Quicker UK deposit stabilisation Statutory 13.1% 10.4%1 10.5% • Stronger than expected recovery in Equities RoT
Slide 5: Per share metrics: growth of TNAV, earnings and distributions per share
Per share metrics: growth of TNAV, earnings and distributions per share Barclays FY24 Results February 2025 5 vs. 2019 vs. 2023 TNAV per share (p) 262 269 291 295 331 357 +36% +8% 2019 2020 2021 2022 2023 2024 Earnings per share (p) 36.5 30.8 27.7 36.0 +152% +30% 14.3 8.8 2019 2020 2021 2022 2023 20
Slide 6: Better returns: continuing our journey to 2026 targets
Better returns: continuing our journey to 2026 targets Barclays FY24 Results February 2025 6 Statutory RoTE 2021 2022 2023 2024 2026 Barclays UK 18% 19% 19% 23.1%1 High teens % Barclays UK Corporate Bank 14% 19% 21% 16.0% High teens % Barclays 29% 31% 28.1% >25% Private Bank & Wealth Management2 14%
Slide 7: Execution progress: on track to deploy £30bn RWAs in UK businesses
Execution progress: on track to deploy £30bn RWAs in UK businesses Barclays FY24 Results February 2025 7 RWA % of Group RWA % of Group Progress against RWAs (£bn) 2023 2024 2026 targets 2023 2024 YoY +£11bn Barclays UK £74bn £85bn (incl. +c.£7bn 21% 24% Tesco bank) £13bn1 of c.£30bn planned Barclays
Slide 8: Execution progress: completed Tesco Bank acquisition
Execution progress: completed Tesco Bank acquisition Barclays FY24 Results February 2025 8 2024: Acquire 2025/2026: Integrate • Added £8.1bn1 unsecured balances Customer experience • Initial 10-year partnership • Onboard Tesco customers to Barclays platform • No initial change to customer platforms
Slide 9: Execution opportunity: USCB sale of American Airlines cards receivables
Execution opportunity: USCB sale of American Airlines cards receivables Barclays FY24 Results February 2025 9 2026 targets RoTE In line with Group Overview of the American Airlines sale2 • Strategic decision to not bid for single-issuer airlines business End Net Receivables1 c.$40bn • Sale of receiv
Slide 10: Execution opportunity: USCB continues to grow and win partners
Execution opportunity: USCB continues to grow and win partners Barclays FY24 Results February 2025 10 Track record of organic growth1 and partner wins Recent successes4 >80% total card receivables secured through 2029 c.85% c.90% of End Net Receivables historical renewal rate2 increase between 2011-
Slide 11: Execution progress: growing IB revenues, improving efficiency
Execution progress: growing IB revenues, improving efficiency Barclays FY24 Results February 2025 11 Income1 (£bn) +7% YoY 0.3 0.1 0.2 0.2 Target: high single digit CAGR 11.0 11.8 from 2023 2023 Investment Banking Markets three focus Financing Industry wallet impact 2024 2026 management actions busi
Slide 12: Execution progress: growing stable revenues in the Investment Bank
Execution progress: growing stable revenues in the Investment Bank Barclays FY24 Results February 2025 12 11.91 11.8 Total (£bn) 11.3 11.1 11.0 2.2 2.5 8.9 2.7 2.0 3.7 Investment Banking fees 2.5 6.0 4.3 4.5 5.8 4.3 Intermediation 3.4 2.9 3.0 Financing 1.8 2.2 2.9 1.8 International 1.1 1.9 1.8 Corpo
Slide 13: Simpler Better Outcome
Barclays Progress Update 13 February 2025 Simpler Better More balanced Outcome
Slide 14: Statutory RoTE: c.11% 2025 target, driving to above 12% target by 2026
Statutory RoTE: c.11% 2025 target, driving to above 12% target by 2026 Barclays FY24 Results February 2025 14 Investments and inflation exceed efficiency savings Includes: Cash flow hedge reserve Includes: amortisation c.(0.2)% Cash flow hedge reserve Incremental equity for RWA amortisation c.<(0.5)
Slide 15: Broad based income growth through to 2026
Broad based income growth through to 2026 Barclays FY24 Results February 2025 15 Income (£bn) Target: c.30 26.8 25.0 25.4 2.5 2.2 2.0 Well positioned to 21.9 Structural hedge capture stronger 4.5 support Investment 4.3 than expected US banking fees 3.7 6.01 Balance sheet growth deal activity 3.0 2.9
Slide 16: Costs: targeting further £1bn cost efficiency savings by 2026
Costs: targeting further £1bn cost efficiency savings by 2026 Barclays FY24 Results February 2025 16 Cost: income ratio (%) c.£0.5bn efficiency Includes run and savings in FY25 integrate Tesco Bank c.£0.5bn efficiency savings in FY26 Includes run and 62% integrate Tesco Bank c.61% >12% High 50s 2024
Slide 17: Costs: better CIRs and further opportunities to improve
Costs: better CIRs and further opportunities to improve Barclays FY24 Results February 2025 17 Cost: income ratio 2021 2022 20231 2024 2026 68% 60% Barclays UK 56% 52% c.50% Barclays 59% 49% 50% 55% High 40s% UK Corporate Bank Barclays 86% 69% 69% 70% High 60s% Private Bank & Wealth Management2 Barc
Slide 18: Strong capital generation supporting our capital priorities
Strong capital generation supporting our capital priorities Barclays FY24 Results February 2025 18 Statutory Capital Capital priorities RoTE targets generation1 Regulatory 13-14% target CET1 1. capital range 2025 c.11% c.170bps (bps of CET1) Shareholder Plan to return at least 2. £10bn 2024-20262 di
Slide 19: Capital distributions: plan to return at least £10bn 2024-2026
Capital distributions: plan to return at least £10bn1 Barclays FY24 Results February 2025 19 2024-20261 2025 Plan to return 2023 2024 Progressive at least £3.0bn £3.0bn increase vs. 2024 £10bn £1.8bn buyback £1.8bn buyback £1.2bn dividend £1.2bn dividend 10% DPS growth year on year 5% DPS growth yea
Slide 20: We achieved our 2024 financial targets and are on the path to 2026 delivery
We achieved our 2024 financial targets and are on the path to 2026 delivery Barclays FY24 Results February 2025 20 2024 actuals 2025 guidance 2026 targets Statutory RoTE 10.5% c.11% >12% Progressive increase At least £10bn1 Total payout £3.0bn vs. 20241 2024-2026 Investment Bank RWAs 56% c.50% (% of
Slide 21: FY 2024 Results
FY 2024 Results
Slide 22: Performance
Performance
Slide 23: We achieved our 2024 financial targets and are on the path to 2026 delivery
We achieved our 2024 financial targets and are on the path to 2026 delivery 23 Barclays FY24 Results February 2025 Targets Q424 actuals FY24 actuals 2024 targets 2026 targets 10.5% >10% Statutory RoTE 7.5% 10.5% excl. inorganic c.10.5% excl. inorganic >12% activity1 activity1 £3.0bn Broadly in lin
Slide 24: FY24 divisional progress and execution against the plan
FY24 divisional progress and execution against the plan Barclays FY24 Results February 2025 24 FY24 Statutory RoTE Barclays UK 23.1%1 A year of disciplined execution FY26 target: high teens% Distributed £3.0bn of capital UK Corporate Bank 16.0% • £1.2bn dividend (8.4p DPS), £1.75bn share buyback FY2
Slide 25: Barclays Group Q424 and FY24
Barclays Group Q424 and FY24 Barclays FY24 Results February 2025 25 Q4241 FY241 7.5% £1.7bn 10.5% £8.1bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q423: (0.9)% Q423: £0.1bn FY23: 9.0% FY23: £6.6bn £7.0bn £0.7bn £26.8bn £2.0bn Income Impairment Income Impairment Q423: £5.6bn Q
Slide 26: Group delivered FY24 RoTE of 10.5%
Group delivered FY24 RoTE of 10.5% Barclays FY24 Results February 2025 26 Group RoTE (%) (1.2) 2.1 (0.2) FY23 adjusted1 (0.8) RoTE: 10.6% 1.6 Includes c.70bps from less negative cash flow hedge reserve 10.6 10.5 10.5 9.0 2 FY23 RoTE Q423 SCAs Income Costs Impairment Book value growth & FY24 RoTE Oth
Slide 27: Income up 6% YoY; more stable income streams 74% of Group income
Income up 6% YoY; more stable income streams 74% of Group income Barclays FY24 Results February 2025 27 Group income (£bn) +6% More stable income streams YoY 74% >70% 26.8 25.0 25.4 of Group income in FY24 of Group income by 2026 Banking fees & 2.5 2.2 2.0 underwriting 4.3 4.5 Intermediation 6.03 2.
Slide 28: Group NII of £11.3bn, up 3% YoY
Group NII of £11.3bn, up 3% YoY1 Barclays FY24 Results February 2025 28 Net interest income (£bn) 14.00 +3% YoY £11.2bn excluding Tesco 11.3 Guidance: >£11.0bn2 12.00 11.0 Tesco Bank 0.1 10.00 9.7 UK Corporate Bank, 4.6 Private Bank & Wealth 4.5 8.00 Management, and 3.8 Drivers of FY24 performance:
Slide 29: £1.3bn structural hedge income in Q424; £4.7bn for FY24
£1.3bn structural hedge income in Q424; £4.7bn for FY24 Barclays FY24 Results February 2025 29 Gross hedge income expected to continue to grow 10.0 4.1% 4.0% Gross contribution 09.0 3.4% resilient to marginal 08.0 changes in rates 07.0 and hedge notional GBP 5yr swap rate1 06.0 1.0% 2.0% Average 05.
Slide 30: Structural hedge notional and income allocation to businesses
Structural hedge notional and income allocation to businesses Barclays FY24 Results February 2025 30 Structural hedge notional (£bn) Illustrative structural hedge income allocation Product hedge Equity hedge 263 allocation allocation1 246 243 239 228 234 232 Barclays UK c.85% 21% UK Corporate Bank c
Slide 31: Low interest rate sensitivity, with four rate cuts expected in 2025
Low interest rate sensitivity, with four rate cuts expected in 2025 Barclays FY24 Results February 2025 31 Illustrative -25bps interest rate sensitivity1 Year 1 Year 2 Year 3 • Illustrative Group income impact from a 25bps downward parallel shift in interest rate curves • The sensitivity is calculat
Slide 32: Group CIR of 62% supported by £1bn of gross efficiency savings
Group CIR of 62% supported by £1bn of gross efficiency savings Barclays FY24 Results February 2025 32 Group total costs (£bn) Includes litigation & Q423 SCA conduct and regulatory levies Q4231 Q424 of £927m Cost: income ratio Q422 FY24 2026 target 0.9 0.4 Group 69% 71% 66% 62% High 50s% 0.3 0.5 (1.0
Slide 33: Leading indicators of UK lending growth strategy
Leading indicators of UK lending growth strategy Barclays FY24 Results February 2025 33 Mortgages (£bn) • Q4 net lending of £1.9bn1 as new business exceeds redemptions Gross lending 7.9 8.3 8.1 7.0 7.1 6.9 5.6 5.7 4.4 4.2 5.0 6.6 • Recovery of demand in the purchase market • Increased HLTV2 mix: 15%
Slide 34: Barclays UK Q424 and FY24
Barclays UK Q424 and FY24 Barclays FY24 Results February 2025 34 Q4241,2 FY241,2 28.0% £1.1bn 23.1% £3.6bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q423: 14.9% Q423: £0.6bn FY23: 19.2% FY23: £2.9bn £2.6bn £1.8bn £8.3bn £6.6bn Income Net Interest Income Income Net Interest In
Slide 35: Barclays UK delivered Q424 RoTE of 28.0%
Barclays UK delivered Q424 RoTE of 28.0% Barclays FY24 Results February 2025 35 Includes c.£60m run rate RoTE (%) Income by product (£m)1 YoY Costs (£m) costs for Tesco Bank Business 1,970 1,946 2,059 +15% 168 SCA 1,792 Banking +11% YoY 472 513 537 Barclaycard 483 231 -5% +19%2 269 249 1,147 1,215 C
Slide 36: Deposits and net lending growth, supported by the acquisition of Tesco Bank
Deposits and net lending growth, supported by the acquisition of Tesco Bank Barclays FY24 Results February 2025 36 Barclays UK deposit balances and mix (£bn) Barclays UK loans and advances1 (£bn) c.£1bn QoQ organic growth2 c.£1bn QoQ organic growth2 -£3.9bn -£0.5bn -£0.5bn +£8.0bn -£2.0bn -£2.1bn +£
Slide 37: UK Corporate Bank Q424 and FY24
UK Corporate Bank Q424 and FY24 Barclays FY24 Results February 2025 37 Q4241 FY241 12.3% £0.2bn 16.0% £0.7bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q423: 8.4% Q423: £0.1bn FY23: 20.5% FY23: £0.9bn £0.5bn £0.3bn £1.8bn £1.0bn Income Costs Income Costs Q423: £0.4bn Q423: £0.
Slide 38: UK Corporate Bank delivered Q424 RoTE of 12.3%
UK Corporate Bank delivered Q424 RoTE of 12.3% Barclays FY24 Results February 2025 38 RoTE (%) Income by product (£m) YoY Income by type (£m) YoY 477 445 458 +16% Corporate 395 477 445 458 +16% 66 71 +11% lending 67 395 64 Non-NII 153 136 134 -9% 148 Transaction 411 387 +17% 331 378 banking NII 324
Slide 39: Private Bank & Wealth Management Q424 and FY24
Private Bank & Wealth Management Q424 and FY24 Barclays FY24 Results February 2025 39 Q4241 FY241 23.9% £0.1bn 28.1% £0.4bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q423: 19.1% Q423: £0.1bn FY23: 32.7% FY23: £0.4bn £0.4bn £0.3bn £1.3bn £0.9bn Income Costs Income Costs Q423:
Slide 40: Private Bank & Wealth Management delivered Q424 RoTE of 23.9%
Private Bank & Wealth Management delivered Q424 RoTE of 23.9% Barclays FY24 Results February 2025 40 RoTE (%) Income by type (£m) YoY Costs (£m) 313 326 351 +12% SCA 29 286 135 +3% YoY 81 131 137 Non-NII 263 +15%1 228 221 NII 205 216 +19% 157 182 189 28.9 Q422 Q423 Q324 Q424 Q422 Q423 Q324 Q424 CIR
Slide 41: Investment Bank Q424 and FY24
Investment Bank Q424 and FY24 Barclays FY24 Results February 2025 41 Q4241 FY241 3.4% £0.5bn 8.5% £3.8bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q423: (2.1)% Q423: £(0.0)bn FY23: 7.0% FY23: £3.2bn £2.6bn £2.1bn £11.8bn £7.9bn Income Costs Income Costs Q423: £2.0bn Q423: £2.
Slide 42: Investment Bank delivered Q424 RoTE of 3.4%
Investment Bank delivered Q424 RoTE of 3.4% Barclays FY24 Results February 2025 42 RoTE (%) Income by business (£m)1 Costs (£m)1 YoY 2,851 SCA 169 2,607 +28% 2,156 2,037 594 YoY Banking fees & 614 +20% underwriting 480 1,890 1,916 2,090 +11%2 510 1,119 +34% 1,793 781 Intermediation 720 582 Financing
Slide 43: Income up 28% YoY; solid performance in Markets, Advisory and ECM
Income up 28% YoY; solid performance in Markets, Advisory and ECM Barclays FY24 Results February 2025 43 Global Markets Investment Banking Global Markets income (£m) Banking fees and underwriting (£m) International Corporate Bank income (£m) +33% YoY +20% YoY +36% USD +22% USD +22% YoY 1,872 614 594
Slide 44: US Consumer Bank Q424 and FY24
US Consumer Bank Q424 and FY24 Barclays FY24 Results February 2025 44 Q4241 FY241 11.2% £0.1bn 9.1% £0.4bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q423: (0.3)% Q423: £(0.0)bn FY23: 4.1% FY23: £0.2bn $34.2bn £0.9bn $34.2bn £3.3bn End net receivables2 Income End net receivabl
Slide 45: US Consumer Bank delivered Q424 RoTE of 11.2%
US Consumer Bank delivered Q424 RoTE of 11.2% Barclays FY24 Results February 2025 45 RoTE (%) Income by type (£m) YoY Costs (£m) 866 857 -1% 788 791 19 SCA 180 179 -1% YoY Non-NII 149 144 428 401 393 433 +8%1 NII 639 686 647 678 -1% Reserve Q422 Q423 Q324 Q424 Q422 Q423 Q324 Q424 build in NIM 10.64%
Slide 46: Head Office Q424
Head Office Q424 Barclays FY24 Results February 2025 46 Income (£m) Inorganic activity in FY241 195 188 YoY FY24 P&L CET1 ratio 124 RWAs RoTE Completed 76 -61% impact impact 80 impact 92 German 74 Performing Italian Cards 88 +10% Broadly mortgages £(220)m c.£0.8bn c.(45)bps neutral Q224 66 portfolio
Slide 47: We achieved our 2024 financial targets and are on the path to 2026 delivery
We achieved our 2024 financial targets and are on the path to 2026 delivery Barclays FY24 Results February 2025 47 2024 actuals 2025 guidance 2026 targets Statutory RoTE 10.5% c.11% >12% Progressive increase At least £10bn1 Total payout £3.0bn vs. 20241 2024-2026 Investment Bank RWAs 56% c.50% (% of
Slide 48: Asset quality
Asset quality
Slide 49: Well provisioned balance sheet
Well provisioned balance sheet Barclays FY24 Results February 2025 49 Balance sheet provisions for ECL (£bn) Credit impairment charges (£m) 5022 6.3 Barclays UK 742 UK Corporate Bank Off-balance sheet 0.5 5.5 374 40 Private Bank & 0.4 16 Wealth Management 46 13 43 Investment Bank On-balance sheet 5.
Slide 50: FY24 LLR of 46bps; maintaining through the cycle guidance of 50-60bps
FY24 LLR of 46bps; maintaining through the cycle guidance of 50-60bps Barclays FY24 Results February 2025 50 800 0 Loan loss rate (bps) LLR guidance over Impairment charge (£m) 636 FY24-FY26 period 610 US Consumer Bank 582 514 600 431 515 237 US Consumer Bank 438 0 411 411 395 Trend towards 1,438 1,
Slide 51: Broadly stable delinquency trends in US cards
Broadly stable delinquency trends in US cards Barclays FY24 Results February 2025 51 30 day US cards delinquencies 2.7% 2.9% 3.1% 2.9% 3.0% 3.0% 2.2% 2.3% 2.4% H224 charge of £574m below H124 90 day US cards delinquencies 1.5% 1.7% 1.6% 1.6% 1.6% charge of £719m 1.2% 1.2% 1.2% 1.3% USCB loan loss ra
Slide 52: Long-term prudent risk positioning in our credit card portfolios
Long-term prudent risk positioning in our credit card portfolios Barclays FY24 Results February 2025 52 UK cards US cards • Balances c.2% higher1 vs. FY19 with strong and stable credit quality • Controlled portfolio growth with improved risk mix • Repayment rates remain elevated across the risk spec
Slide 53: Commercial Real Estate exposure is modest and well managed
Commercial Real Estate exposure is modest and well managed Barclays FY24 Results February 2025 53 4.7%1 of customer loans and advances (L&A), with a weighted average LTV of 49%2 Retail Customer loans & £351bn Construction £1.2bn advances3 £2.2bn Residential £16.4bn £4.2bn CRE exposure by type Other/
Slide 54: Resilient mortgage book with customers proactively locking in rates
Resilient mortgage book with customers proactively locking in rates Barclays FY24 Results February 2025 54 Mortgage portfolio Maturity profile • 53.0% average balance weighted LTV of mortgage stock • 23% of total balances maturing in FY252 o 39.7% average valuation weighted LTV • 11% of total balanc
Slide 55: Risk transfer transactions enhance Barclays' risk management capabilities
Risk transfer transactions enhance Barclays’ risk management capabilities Barclays FY24 Results February 2025 55 Purpose Barclays transfers c.£57bn1 risk via a variety of structures UK Corporate Bank and Investment Bank • The banking book has inherent credit Corporate risk, driving risk weight densi
Slide 56: Risk transfer activities focused on corporate loans and credit cards
Risk transfer activities focused on corporate loans and credit cards Barclays FY24 Results February 2025 56 Corporate loans US credit cards • Colonnade programme established in 2016 • Initiated risk transfer in Q124 to help optimise • Deployed against exposure in the UK Corporate Bank and Investment
Slide 57: Capital and leverage
Capital and leverage
Slide 58: CET1 ratio within the 13-14% target range
CET1 ratio within the 13-14% target range Barclays FY24 Results February 2025 58 Q125 items: Q424 CET1 ratio movements • Share buyback: c.(30)bps • German consumer finance disposal: c.10bps 20bps (8bps) (15bps) (1bps) (21bps) 13.8% 13.6% Q324 Attributable¹ Dividend RWA Other Tesco Bank acquisition Q
Slide 59: Guidance on regulatory driven RWA inflation
Guidance on regulatory driven RWA inflation Barclays FY24 Results February 2025 59 Prior guidance of c.£19-26bn total impact unchanged USCB IRB migration: c.£16bn • US Consumer Bank total estimated impact of £16bn unchanged1 2026/2027 • Timing and quantum remains subject to model build and portfolio
Slide 60: CET1 ratio with significant headroom to MDA
CET1 ratio with significant headroom to MDA Barclays FY24 Results February 2025 60 CET1 minimum requirements • 0.1% increase in Pillar 2A applicable from Q125 until USCB IRB model implementation MDA 12.0% 12.2% • This incremental adjustment takes into account Pillar 1.0% 2A we were already holding f
Slide 61: Operating with a prudent buffer to each tier of capital requirements
Operating with a prudent buffer to each tier of capital requirements Barclays FY24 Results February 2025 61 Q424: AT1 and T2 needs managed on a total capital basis Balanced total capital structure • Operating with prudent buffers at each part of the capital stack to manage FX and RWA movements 19.6%
Slide 62: RWAs increased by £17.7bn QoQ, of which c.£7bn FX
RWAs increased by £17.7bn QoQ, of which c.£7bn FX Barclays FY24 Results February 2025 62 Risk weighted assets (£bn) c.£1bn increase driven by FX IB % of Group: 58% 58% 57% 56% 3.6 0.1 4.6 1.8 0.6 7.0 c.£6bn increase driven by FX c.£7bn Tesco Bank 358.1 342.7 340.4 336.5 Q422 Q423 Q324 Barclays UK UK
Slide 63: Leverage ratio above regulatory requirements
Leverage ratio above regulatory requirements Barclays FY24 Results February 2025 63 Q424 leverage minimum requirements Reg Min 4.08% CCLB 0.30% G-SII 0.53% 5.0% 4.6% BoE minimum 3.25% leverage requirement UK Leverage requirement UK spot¹ UK average 1 Capital and leverage ratio calculated applying th
Slide 64: Balance sheet management
Balance sheet management
Slide 65: MREL position well established
MREL position well established Barclays FY24 Results February 2025 65 MREL position at Q424 HoldCo issuance 34.4% • c.£15bn issued across senior, T2 and AT1 in 2024 (£123.3bn) 30.2% (£108.0bn) • c.£14bn issuance plan for 2025, of which c.£13bn remains to be issued CCyB: 1.0% • MREL issuance plan con
Slide 66: Issued £15.1bn in 2024
Issued £15.1bn in 2024 Barclays FY24 Results February 2025 66 2024-2025 HoldCo benchmark Annual HoldCo issuance volume (£bn) and currency1,2 issuance 15.1 c.14 15.0 Jan-24: EUR 1.0bn 14.1 plan Senior 12.1 Mar-24: USD 4.5bn multi-tranche 11.0 Senior 8.6 10.7 Mar-24: GBP 1.0bn 7.8 9.8 11.8 Senior 10.2
Slide 67: Diverse and stable franchise deposit base
Diverse and stable franchise deposit base Barclays FY24 Results February 2025 67 QoQ movements Investment Bank BUK: Personal Banking £128bn, +5% £191bn, +5%5 • International Corporate Bank1: £104bn, +2% • 74% insured • Treasury deposits: £23bn, +20% • >80% of relationships 5+ years Total PBWM UK Cor
Slide 68: Prudently managed LCR supported by a highly liquid balance sheet
Prudently managed LCR supported by a highly liquid balance sheet Barclays FY24 Results February 2025 68 Average LCR1 Average NSFR2 73% of Liquidity Pool held in cash HTC £22bn 167% 170% 172% 138% 136% 136% 136% 135% 7% 161% 163% FVOCI £59bn 20% Q423 Q124 Q224 Q324 Q424 Q423 Q124 Q224 Q324 Q424 Liqui
Slide 69: Strong legal entity capital and liquidity positions
Strong legal entity capital and liquidity positions Barclays FY24 Results February 2025 69 Continue to manage legal entity capital ratios with appropriate headroom to requirements Barclays PLC Barclays Bank UK PLC (BBUKPLC) sub-group Barclays Bank PLC (BBPLC) sub-group Barclays Bank UK PLC (solus) B
Slide 70: Credit ratings
Credit ratings
Slide 71: Targeting Barclays PLC to be "A" composite across all indices over time
Targeting Barclays PLC to be “A” composite across all indices over time Barclays FY24 Results February 2025 71 All credit ratings affirmed in 2024 Current Senior long and short term ratings • HoldCo Senior composite “A” rated for two of four Moody’s Standard & Poor’s Fitch indices Baa1 BBB+ A • One
Slide 72: Barclays rating composition for senior debt
Barclays rating composition for senior debt Barclays FY24 Results February 2025 72 Moody’s Standard & Poor’s Fitch BBUK BBUK BBUK BPLC BBPLC BPLC BBPLC BPLC BBPLC PLC PLC PLC Adjusted Baseline baa1 baa1 a3 Stand-Alone Credit Profile a- Viability Rating2 a a a Credit Assessment Macro profile Strong+
Slide 73: Appendix
Appendix
Slide 74: Plan continues to be based on realistic scenarios
Plan continues to be based on realistic scenarios Barclays FY24 Results February 2025 74 UK Unemployment UK Inflation UK bank rate 20th Feb 20th Feb 3.0% 13th Feb 2024 2024 4.75% 2025 4.8% 4.8% 13th Feb 4.7% 20th Feb 2025 3.75% 2024 2.5% 2.2% 3.50% 4.5% 2.1% 4.00% 13th Feb 4.4% 2025 4.3% 3.25% 3.25%
Slide 75: Macroeconomic variables
Macroeconomic variables Barclays FY24 Results February 2025 75 Actuals/assumptions Assumptions 2024 2025 2026 UK GDP1 0.8% 1.3% 1.4% UK unemployment2 4.3% 4.4% 4.5% UK bank rate3 4.75% 3.75% 3.50% Sterling 5-year swap rate4 4.04%5 3.42% 3.39% UK inflation7 2.5% 2.1% 2.2% Plan US GDP1 2.8% 1.8% 2.0%
Slide 76: Contacts – Debt Investor Relations
Contacts – Debt Investor Relations Barclays FY24 Results February 2025 76 Jordan Guy Justin Lutterbuese +44 (0)20 3134 7261 +44 (0)20 7116 6021 jordan.guy@barclays.com justin.lutterbuese@barclays.com
Slide 77: Disclaimer
Disclaimer Barclays FY24 Results February 2025 77 Important Notice The terms Barclays or Group refer to Barclays PLC together with its subsidiaries. The information, statements and opinions contained in this presentation do not constitute a public offer under any applicable legislation, an offer to
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