Barclays Plc · LSE:BARC
Barclays — Debt Investor Presentation (April 2021)
68 slides from Barclays's debt investor presentation, Apr 30, 2021
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 Q1 2021 Results Announcement 30 April 2021
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: Strong Q121 performance driven by continued robust CIB income and reduced impairment charges
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Strong Q121 performance driven by continued robust CIB income and reduced impairment charges Q121 Financial highlights Diversified strategy conti
Slide 4: Strong balance sheet underpinning returns potential
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Strong balance sheet underpinning returns potential Q121 metrics Group targets Group RoTE Group RoTE/profitability Cost efficiency 14.7% >10% RoT
Slide 5: Outlook: Barclays continues to benefit from diversification
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Outlook: Barclays continues to benefit from diversification Returns Expect meaningful year-on-year RoTE improvement in 2021 The CIB franchise rem
Slide 6: Diversified banking model provides resilience through economic cycles
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Diversified banking model provides resilience through economic cycles Diversified by Diversified by Diversified by customer and client geography
Slide 7: Consumer spending recovered during Q121 while mortgage activity remained robust
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Consumer spending recovered during Q121 while mortgage activity remained robust Merchant acquiring Cards spending Mortgages turnover3 Change in m
Slide 8: Barclays is well positioned to monetise growth in capital markets activity
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays is well positioned to monetise growth in capital markets activity Global equity market capitalisation1 and bonds Q121 Markets and Bankin
Slide 9: Growth opportunities underscored by strong partnerships
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Growth opportunities underscored by strong partnerships • Diversifying partnerships to balance the mix between airlines and retail portfolios – r
Slide 10: Payments represents a c.£900m income growth opportunity over three years
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Payments represents a c.£900m income growth opportunity for Barclays over three years Payments account for 8% of Group total income CAGR FY20-FY2
Slide 11: Barclays has built significant new payment capabilities in an evolving landscape
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays has built significant new payment capabilities in an evolving landscape Previously: enabling payments Now: enabling commerce Business in
Slide 12: Barclays Unified Payments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays Unified Payments Growth will be concentrated in UK SME, e-commerce and Europe as part of an integrated payments solution UK SME growth t
Slide 13: Digitisation of Commerce through Barclays Payments Ecosystem
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Digitisation of Commerce through Barclays Payments Ecosystem Creating a multiway value-exchange ecosystem by connecting millions of consumers and
Slide 14: Barclays investment proposition
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays investment proposition Our scale, geographic reach and diversification make us a universal bank, delivering financial expertise around t
Slide 15: Performance
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Performance
Slide 16: Q121 Group highlights
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q121 Group highlights Strong Q121 performance driven by continued robust CIB income and reduced impairment charges Financial performance • Income
Slide 17: Ongoing strength in CIB income while consumer businesses continued to be impacted by the pandemic
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Ongoing strength in CIB income while consumer businesses continued to be impacted by the pandemic (£m) 6,283 5,900 5,338 1,704 5,204 Income -8% Y
Slide 18: Unsecured lending remains subdued, while strong mortgage performance and steeper yield curve are helpful
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Unsecured lending remains subdued, while strong mortgage performance and the steeper yield curve are helpful Unsecured lending Structural hedge B
Slide 19: Costs increased 10%, with a 61% cost: income ratio
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Costs increased 10%, with a 61% cost: income ratio (£m) 3,826 • Costs increased to £3.6bn, driven by higher variable 3,578 Bank Levy compensation
Slide 20: Q121 Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q121 Barclays UK RoTE of 12.0% with resilient NIM of 2.54% in a challenging operating environment • Income decreased 8% YoY reflecting the challe
Slide 21: Q121 Barclays International
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q121 Barclays International RoTE of 17.7%, driven by reduced impairment and resilient operating performance Financial performance • Income decrea
Slide 22: Q121 Barclays International: Corporate & Investment Bank
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q121 Barclays International: Corporate & Investment Bank RoTE of 17.9% driven by continued strength in income and reduced impairment • CIB income
Slide 23: Q121 Barclays International: Consumer, Cards & Payments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q121 Barclays International: Consumer, Cards & Payments RoTE of 16.5% driven by lower impairment, whilst continuing to invest in the business Q12
Slide 24: Q121 Head Office
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q121 Head Office Q120 Q420 Q121 • Negative income of £75m including: − Hedge accounting losses Income (65) (75) − Funding costs on legacy capital
Slide 25: Structural hedge and interest rate sensitivity
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Structural hedge and interest rate sensitivity Structural hedge program update • The Group’s combined gross equity and product structural hedge c
Slide 26: Asset Quality
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Asset Quality
Slide 27: Q121 impairment charge significantly reduced to £55m
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q121 impairment charge significantly reduced to £55m (£m) Drivers of Q121 impairment charge 2,115 Impairment charges decreased to £77m from reduc
Slide 28: Improved MEVs not reflected in Q121 ECL charge, with continued management adjustment
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Improved MEVs not reflected in Q121 ECL charge, with continued management adjustment for macro uncertainty Sensitivity to current macroeconomic v
Slide 29: Mar-21 coverage ratios on respective portfolios materially in line with Dec-20
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Mar-21 coverage ratios on respective portfolios materially in line with Dec-20 Credit cards, unsecured loans and other retail lending Wholesale l
Slide 30: Mar-21 unsecured lending coverage ratios materially in line with Dec-20
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Mar-21 unsecured lending coverage ratios materially in line with Dec-20 UK cards US cards Gross exposure (£m) Impairment allowance (£m) Coverage
Slide 31: Retail portfolios in the UK and US continue to be prudently positioned
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 continue to be prudently positioned FY19 H120 FY20 • Risk actions taken at pandemic outset to mitigate £143.3b
Slide 32: Wholesale exposures are diversified and well covered, especially in selected vulnerable sectors
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 FY20 (1.5% coverage rati
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: CET1 ratio decreased 50bps QoQ
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES CET1 ratio decreased 50bps QoQ CET1 ratio was 350bps above the MDA hurdle of 11.1% as at Mar-21 QoQ CET1 ratio1 movements 23bps 42bps 23bps 55bps
Slide 35: RWAs increased by £7.2bn QoQ
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES RWAs increased by £7.2bn QoQ QoQ RWA movements (£bn) 1.7 • RWAs increased £7.2bn QoQ to £313.4bn, reflecting: 5.1 − £5.1bn increase in Market Ris
Slide 36: CET1 ratio flightpath to target range of 13-14%
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES CET1 ratio flightpath to target range of 13-14% 13-14% c.40bps 11bps 14.6% Potentially occurring 14.9% 14.2% 14.1% 14.1% in Q221, subject to comp
Slide 37: CET1 ratio target in the range of 13-14%
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES CET1 ratio target in the range of 13-14% Continue to target appropriate headroom above MDA hurdle Illustrative evolution of minimum CET1 requirem
Slide 38: IFRS 9 transitional relief as at Mar-21 at c.70bps
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES IFRS 9 transitional relief as at Mar-21 at c.70bps Constructive regulatory action in Q220 gave greater relief Prudently positioned CET1 ratio for
Slide 39: Constructive regulatory actions in 2020
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Constructive regulatory actions in 2020 Many regulatory actions in place for the medium term Expected timeline and beyond FY20 FY21 FY22 FY23 FY2
Slide 40: Pension deficit reduction contributions
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Pension deficit reduction contributions CET1 ratio headwinds from pension reduction contributions fully incorporated into prudent capital plan an
Slide 41: Group leverage position prudently managed
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Group leverage position prudently managed Minimum leverage requirements and buffers under the UK regime • Headroom to minimum leverage requiremen
Slide 42: 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 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: MREL position well placed to meet 2022 requirements
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES MREL position well placed to meet 2022 requirements Expect c.£8bn of MREL issuance in 2021; £2.3bn equivalent issued in Q121 Fully loaded MREL po
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 2021 YTD HoldCo issuance Annual HoldCo issuance volume materially lower compared to 2016-18 (£bn)1,2 by cur
Slide 46: High quality and conservatively positioned liquidity and funding position
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES High quality and conservatively positioned liquidity and funding position Comfortably exceeding minimum requirements Conservative loan: deposit r
Slide 47: Wholesale funding composition as at 31 December 2020
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Wholesale funding composition as at 31 December 20201 <1 1-3 3-6 6-12 Total 1-2 2-3 3-4 4-5 As at 31 December 2020 (£bn) >5 years Total month mon
Slide 48: Credit Ratings
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Credit Ratings
Slide 49: 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 Current Senior Long and Moody’s Standard & Poor’s Fitch Short Term ratings Baa2 BBB A Barclays PLC
Slide 50: 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 51: ESG
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES ESG
Slide 52: Ambition 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 Ambition to be a net zero bank by 2050 Ambition to be a net zero bank by 2050 • Already at net zero emissions from our own operations (Scope 1 an
Slide 53: Barclays' climate journey
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays’ climate journey March 2020 • Announced ambition to be net zero • Updated restrictions for sensitive energy sectors May 2020 • Climate r
Slide 54: 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 55: 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 Personal Banking Consumer,
Slide 56: 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 57: Barclays is set up to continue serving clients based in the EU
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 EU EU subsidiary operational with client on-boarding substantially complete • Barclay
Slide 58: Appendix
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Appendix
Slide 59: Split of payments income by division
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Split of payments income by division Divisional split of FY20 payments linked income Split of FY20 CC&P income CC&P BUK CIB £1,656m £464m £800m £
Slide 60: Q121 other items of interest
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q121 other items of interest Three months ended (£m) Mar-21 Mar-20 Litigation & Conduct Litigation & Conduct across divisions (33) (10) Group Oth
Slide 61: Q121 Group
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q121 Group Three months ended (£m) Mar-21 Mar-20 % change Income 5,900 6,283 -6% Impairment charges (55) (2,115) +97% – Operating expenses (3,545
Slide 62: Q121 Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q121 Barclays UK Three months ended (£m) Mar-21 Mar-20 % change – Personal Banking 923 968 -5% – Barclaycard Consumer UK 315 436 -28% – Business
Slide 63: Q121 Barclays International
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q121 Barclays International Three months ended (£m) Mar-21 Mar-20 % change – CIB 3,594 3,617 -1% – CC&P 805 1,027 -22% Income 4,399 4,644 -5% – C
Slide 64: Q121 Barclays International: Corporate & Investment Bank
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q121 Barclays International: Corporate & Investment Bank Three months ended (£m) Mar-21 Mar-20 % change – FICC 1,204 1,858 -35% – Equities 932 56
Slide 65: Q121 Barclays International: Consumer, Cards & Payments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q121 Barclays International: Consumer, Cards & Payments Three months ended (£m) Mar-21 Mar-20 % change Income 805 1,027 -22% Impairment charges (
Slide 66: Q121 Head Office
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q121 Head Office Three months ended (£m) Mar-21 Mar-20 % change Income (75) (65) -15% Impairment charges - (25) – Operating expenses (71) (11) –
Slide 67: 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 1 Dan Colvin Lis Nguyen Robert Georgiou +44 (0)20 7116 6533 +44 (0)20 7116 1065 +44 (0)20 7116 044
Slide 68: 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