Barclays Plc · LSE:BARC
Barclays — Debt Investor Presentation (October 2020)
74 slides from Barclays's debt investor presentation, Oct 23, 2020
Slide 1: Barclays PLC Fixed Income Investor Presentation
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays PLC Fixed Income Investor Presentation Q3 2020 Results Announcement 23 October 2020
Slide 2: Strategy, Targets and Guidance
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Strategy, Targets and Guidance
Slide 3: Resilient performance in Q320 reflecting the Group's diversified business model
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Resilient performance in Q320 reflecting the Group’s diversified business model Q320 Financial highlights Resilient operating performance deliver
Slide 4: All businesses returned to profitability in Q320
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES All businesses returned to profitability in Q320, with the benefit of the wholesale and consumer mix evident RoTE1 • Group RoTE of 5.1% (5.5% exc
Slide 5: Diversification is a key strength of Barclays
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Diversification is a key strength of Barclays 57% Continued resilient performance, despite the severe 12% Wholesale 22% global macroeconomic down
Slide 6: Consumer business activity recovered in Q320 from the April low point
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Consumer business activity recovered in Q320 from the April low point Cards spending1 Merchant acquiring turnover2 Mortgages Cards spending in th
Slide 7: Barclays has grown share in the Markets business since 2017
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays has grown share in the Markets business since 2017, with a material outperformance versus peers in H120 Barclays Average US banks Averag
Slide 8: Remained open for business during the COVID-19 pandemic helping support the economy
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Remained open for business during the COVID-19 pandemic helping support the economy Supporting Supporting Supporting our communities customers bu
Slide 9: Outlook: Diversification delivering resilient performance
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Outlook: Diversification delivering resilient performance Certain headwinds to income in Barclays UK are expected to persist in 2021 including th
Slide 10: Performance
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Performance
Slide 11: Q320 YTD Group highlights
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q320 YTD Group highlights Group RoTE of 3.8% with 4% positive cost: income jaws1 Financial performance1 • Income increased 3%, reflecting a 24% i
Slide 12: Q320 Group highlights
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q320 Group highlights Barclays continued to be profitable in the third quarter supported by a strong balance sheet Financial performance1 • Incom
Slide 13: Gradual QoQ income improvement in consumer businesses and YoY growth in CIB
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Gradual QoQ income improvement in consumer businesses and YoY growth in CIB £6,283m £5,541m £5,301m £5,338m £5,204m Income +11% YoY £3,617m • Mar
Slide 14: Consumer businesses income still facing headwinds from the low rate environment
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Consumer businesses income still facing headwinds from the low rate environment Jan Feb Mar Apr May Jun Jul Aug Sep • Balances in UK and US cards
Slide 15: FY20 costs expected to be broadly flat versus FY19
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES FY20 costs expected to be broadly flat versus FY191, with the Group evaluating actions to structurally reduce the cost base £3,534m £3,391m • Con
Slide 16: Q320 Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q320 Barclays UK RoTE of 5.2% reflects the impact of COVID-19 on the business1 Financial performance1 • Income decreased 16% in a challenging ope
Slide 17: Q320 Barclays International
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q320 Barclays International RoTE of 10.5% with stable income and impairment, and lower costs1 Financial performance1 • Income was stable at £3.8b
Slide 18: Q320 Barclays International: Corporate & Investment Bank
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q320 Barclays International: Corporate & Investment Bank RoTE of 9.5% driven by strong income performance and positive jaws1 Financial performanc
Slide 19: Q320 Barclays International: Consumer, Cards & Payments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q320 Barclays International: Consumer, Cards & Payments RoTE of 16.5%, with lower income offset by reduction in costs and impairment1 Q319 Q419 Q
Slide 20: Head Office
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Head Office Q319 Q220 Q320 • Q320 negative income of £127m included: – c.£30m residual negative income impact (55) from legacy capital instrument
Slide 21: Interest rate sensitivity
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Interest rate sensitivity Illustrative sensitivity of Group NII to a 10bps and 25bps parallel downward shifts in interest rates1 Change in NII ba
Slide 22: Asset Quality
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Asset Quality
Slide 23: Q320 impairment charge reduced significantly from H120 quarterly run rate
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q320 impairment charge reduced significantly from H120 quarterly run rate £2,115m Group loan 2000 loss rate (bps) Although reduced from the Q220
Slide 24: Q320 impairment was materially lower than the impairment build in Q120 and Q220
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q320 impairment was materially lower than the impairment build in Q120 and Q220 Components of impairment charge £2,115m Q319-Q220 2000 £370m £1,6
Slide 25: Key macroeconomic variable assumption trends
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Key macroeconomic variable assumption trends GDP annualised Unemployment rate1 10.0% 14.0% 13% 3.8% 3.3% 12.0% 5.0% 2.3% 3.0% 1.4% 6.2% 10.0% 8%
Slide 26: Q320 impairment coverage ratios
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q320 impairment coverage ratios Increased impairment coverage with the stage 2 unsecured coverage ratio of 23.8% Wholesale loans Credit cards, un
Slide 27: Q320 impairment coverage ratios for credit cards, unsecured loans and other retail lending
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q320 impairment coverage ratios for credit cards, unsecured loans and other retail lending UK and US cards coverage ratios of 16.4% and 14.2% res
Slide 28: Retail portfolios in the UK and US prudently positioned ahead of the crisis
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Retail portfolios in the UK and US prudently positioned ahead of the crisis H119 FY19 H120 £138.3bn £143.3bn £145.2bn • Focused on growing mortga
Slide 29: UK cards conservatively positioned since the EU referendum
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES UK cards conservatively positioned since the EU referendum, having reduced balances and taken other risk actions UK cards balances have decreased
Slide 30: Payment holidays granted have reduced materially and balances outstanding are at low levels
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Payment holidays granted have reduced materially and balances outstanding are at low levels UK mortgages1 UK cards1 Balances Balances 17,960 20,3
Slide 31: Wholesale exposures are diversified and well covered
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Wholesale exposures are diversified and well covered, especially in selected vulnerable sectors Wholesale exposure as at Sep-20 (1.5% coverage ra
Slide 32: Loans and advances at amortised cost by selected sectors
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Loans and advances at amortised cost by selected sectors Gross exposure (£m) Impairment allowance (£m) As at 30.09.20 Stage 1 Stage 2 Stage 3 Tot
Slide 33: Capital & Leverage
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Capital & Leverage
Slide 34: Q320 CET1 ratio increased to 14.6%
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q320 CET1 ratio increased to 14.6% Reflecting resilient profits and reduced RWAs CET1 ratio1 of 14.6% reflecting: • 40bps of profit after tax, ex
Slide 35: RWAs decreased over Q320
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES RWAs decreased over Q320 RWAs reduced as limited procyclical RWA inflation was more than offset by lower loan demand, regulatory tailwinds and FX
Slide 36: IFRS 9 transitional relief at c.75bps
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES IFRS 9 transitional relief at c.75bps Impairment migration to stage 3 would lead to capital impact as it is not eligible for transitional relief
Slide 37: Continue to manage CET1 ratio with appropriate headroom above MDA
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Continue to manage CET1 ratio1 with appropriate headroom above MDA through the stress Illustrative evolution of minimum CET1 requirements and buf
Slide 38: Constructive regulatory actions supporting our capital position
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Constructive regulatory actions supporting our capital position Many regulatory actions in place for the medium term Expected timeline and beyond
Slide 39: 2020 pension update
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES 2020 pension update Capital benefit of £250m in Q2 due to UK Retirement Fund (UKRF) Trustee investment in Senior Notes • As at 30 September 2019,
Slide 40: Managing evolving future Group minimum leverage requirements
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Managing evolving future Group minimum leverage requirements Minimum leverage requirements and buffers under the UK regime • Headroom to minimum
Slide 41: Capital structure well established
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Capital structure well established Expect to hold prudent headroom above AT1 and Tier 2 minimums Illustrative evolution of regulatory capital str
Slide 42: Managing the call and maturity profiles of BPLC and BBPLC capital instruments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Managing the call and maturity profiles of BPLC and BBPLC capital instruments BPLC capital call and maturity profile (£bn) BPLC AT1 capital as at
Slide 43: MREL, Funding and Liquidity
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES MREL, Funding and Liquidity
Slide 44: Successfully transitioning to a HoldCo funding model
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Successfully transitioning to a HoldCo funding model Continue to expect £7-8bn of MREL issuance in 2020 HoldCo MREL position and expected require
Slide 45: Continued progress in HoldCo issuance
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Continued progress in HoldCo issuance Annual HoldCo issuance volume materially lower compared to 2016-18 (£bn)1 2020 YTD HoldCo issuance by curre
Slide 46: Balanced HoldCo funding profile by debt class and tenor
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Balanced HoldCo funding profile by debt class and tenor Barclays PLC AT1 Tier 2 Senior unsecured 20% By product 15% £59bn 64% BPLC AT1 capital BP
Slide 47: High quality liquidity position
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES High quality liquidity position Prudently positioned liquidity pool and LDR Highly liquid, comfortably exceeding minimum requirements Conservativ
Slide 48: Illustrative UK approach to resolution
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Illustrative UK approach to resolution1 OpCo waterfall Intercompany investments HoldCo waterfall • Total OpCo losses which exceed its equity • Lo
Slide 49: Credit Ratings
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Credit Ratings
Slide 50: Strategic priority to maintain strong ratings
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Strategic priority to maintain strong ratings Focus on maintaining current ratings profile during COVID-19 stress Current Senior Long and Moody’s
Slide 51: Barclays rating composition for senior debt
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays rating composition for senior debt Moody’s Standard & Poor’s Fitch BPLC BBPLC BBUKPLC BPLC BBPLC BBUKPLC BPLC BBPLC BBUKPLC Adj. Baselin
Slide 52: Barclays rating composition for subordinated debt
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays rating composition for subordinated debt Moody’s Standard & Poor’s Fitch Adj. Baseline Stand-alone Stand-Alone Viability Credit baa2 baa
Slide 53: ESG
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES ESG
Slide 54: Our ambition is to be a net zero bank by 2050
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Our ambition is to be a net zero bank by 2050 Playing a leading role in tackling climate change 1 Our ambition is to be a net zero bank by 2050 •
Slide 55: Divisions and Legal Entities
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Divisions and Legal Entities
Slide 56: Divisions
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Legal entity structure of the Group since April 2018 Barclays PLC Barclays International Barclays UK and Head Office1 Market leading UK retail ba
Slide 57: Strong legal entity capital and liquidity positions
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Strong legal entity capital and liquidity positions Continue to manage legal entity capital ratios with appropriate headroom to requirements Barc
Slide 58: Diversified Funding Sources across all legal entities
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Diversified Funding Sources1 across all legal entities Majority of funding within legal entities through deposits Barclays PLC 57 8% 46 6% 467 77
Slide 59: Deposit and wholesale funding sources of Barclays Bank UK PLC and Barclays Bank PLC
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Deposit and wholesale funding sources of Barclays Bank UK PLC and Barclays Bank PLC Barclays PLC Barclays Bank UK PLC Barclays Bank PLC (and subs
Slide 60: Wholesale funding composition as at 30 June 2020
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Wholesale funding composition as at 30 June 20201 <1 1-3 3-6 6-12 Total 1-2 2-3 3-4 4-5 As at 30 June 2020 (£bn) >5 years Total month months mont
Slide 61: Appendix
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Appendix
Slide 62: Support for customers in the UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Support for customers in the UK1 • Mortgage payment holidays granted for c.123,000 accounts Mortgages • 12 month interest only payments granted P
Slide 63: Support for businesses
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Support for businesses1 • £14bn three year lending fund for UK SMEs Existing lending • Over £50bn of lending limits available to UK clients and w
Slide 64: Support for our communities and colleagues
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Support for our communities and colleagues1 • £100m committed to the COVID-19 Community Aid Package Supporting (for charity partners primarily in
Slide 65: Barclays is set up to continue serving clients based in the European Union
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays is set up to continue serving clients based in the European Union European Union subsidiary operational with a significant number of cli
Slide 66: Other items of interest – Q320 vs. prior year
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Other items of interest – Q320 vs. prior year Other items of interest – three months ended (£m) Q320 Q319 L&C PPI provision - (1,400) Barclays UK
Slide 67: Q320 Group
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q320 Group Three months ended (£m) Sep-20 Sep-19 % change Excluding L&C – three months ended (£m) Sep-20 Sep-19 % change Income 5,204 5,541 (6%)
Slide 68: Q320 Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q320 Barclays UK Three months ended (£m) Sep-20 Sep-19 % change Excluding L&C – three months ended (£m) Sep-20 Sep-19 % change – Personal Banking
Slide 69: Q320 Barclays International
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q320 Barclays International Three months ended (£m) Sep-20 Sep-19 % change Excluding L&C – three months ended (£m) Sep-20 Sep-19 % change – CIB 2
Slide 70: Q320 Barclays International: Corporate & Investment Bank
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q320 Barclays International: Corporate & Investment Bank CIB business performance – Sep-20 Sep-19 % change Excluding L&C – three months ended (£m
Slide 71: Q320 Barclays International: Consumer, Cards & Payments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q320 Barclays International: Consumer, Cards & Payments CC&P business performance – Sep-20 Sep-19 % change Excluding L&C – three months ended (£m
Slide 72: Q320 Head Office
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q320 Head Office Three months ended (£m) Sep-20 Sep-19 % change Excluding L&C – three months ended (£m) Sep-20 Sep-19 % change Income (127) (55)
Slide 73: Contact – Debt Investor Relations Team
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Contact – Debt Investor Relations Team Version 2 Dan Colvin Lis Nguyen Robert Georgiou +44 (0)20 7116 6533 +44 (0)20 7116 1065 +44 (0)20 7116 044
Slide 74: Disclaimer
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Disclaimer Important Notice The terms Barclays or Group refer to Barclays PLC together with its subsidiaries. The information, statements and opi