Societe Generale S.a. Class A · EURONEXT:GLE
Societe Generale S.a. Class A — Debt Investor Presentation (May 2020)
75 slides from Societe Generale S.a. Class A's debt investor presentation, May 2020
Slide 1: Presentation to Debt Investors
PRESENTATION TO DEBT INVESTORS 1st quarter 2020 | May 2020
Slide 2: Disclaimer
DISCLAIMER The information contained in this document (the “Information”) has been prepared by Societe Generale Group (the “Group”) solely for informational purposes. The Information is proprietary to the Group and confidential. This presentation and its content may not be reproduced or distributed
Slide 3: Key Highlights and Group Performance
1 KEY HIGHLIGHTS AND GROUP PERFORMANCE
Slide 4: Supporting our people, clients and partners with a deep sense of responsibility
WE ARE SUPPORTING OUR PEOPLE, CLIENTS AND ALL PARTNERS WITH A DEEP SENSE OF RESPONSABILITY EMPLOYEES CLIENTS COMMUNITIES Priority given to the care CORPORATE INDIVIDUAL A global solidarity programme situation of our staff up to EUR 50m both at a French Accompanying corporate and institutional to go
Slide 5: We enter this crisis with a strong profile
WE ENTER THIS CRISIS WITH A STRONG PROFILE ROBUST OPERATING STRONG BALANCE SHEET REFOCUSED BUSINESS SOLID RISK PROFILE MODEL BASED ON SOLID AND LIQUIDTY MODEL IT FOUNDATIONS Applying the highest standards CET1 ratio at 12.6% as of 31/03/2020 More than 100 disposals since Benefits from increased leve
Slide 6: Q1 20 results highlights and 2020 outlook
Q1 20 RESULTS HIGHLIGHTS AND 2020 OUTLOOK RESILIENT RETAIL AND DECREASE INITIAL IMPACT OF STRONG CAPITAL FINANCIAL SERVICES, IN COSTS COVID-19 ON COST OF AND LIQUIDITY SEVERE IMPACT ON RISK POSITION GLOBAL MARKETS Solid retail banking Decrease in costs(1) by Cost of risk up 3x, CET 1 ratio at 12.6%,
Slide 7: Q1 20 Group performance
Q1 20 GROUP PERFORMANCE INSURANCE AND INTERNATIONAL GLOBAL BANKING AND CORPORATE FRENCH RETAIL BANKING FINANCIAL RETAIL BANKING INVESTOR SOLUTIONS CENTRE SERVICES Revenues Revenues Revenues Revenues Gross operating -1.2% excl. PEL/CEL vs. Q1 19 +2.9%* vs. Q1 19 -0.9%* vs. Q1 19 -27.3% vs. Q1 19 inco
Slide 8: Working on additional cost measures
WORKING ON ADDITIONAL COST MEASURES PURSUING THE DOWNWARD TREND WORKING ON ADDITIONAL NET INITIATED IN 2019 SAVINGS OF EUR 600m-700m _Underlying operating expenses(1) in EURm Travel & events External providers 4,345 -3.6% 4,188 Interim, consulting, business expertise IT services External subcontract
Slide 9: Cost of risk reflecting first effects of Covid-19
COST OF RISK REFLECTING FIRST EFFECTS OF COVID-19 _Cost of risk(1) (in bp) Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 65 29 NON-PERFORMING LOAN RATIO 21 25 26 GROUP 60 10 MAR 16 MAR 17 MAR 18 MAR 19 MAR 20 49 27 30 5.0% 4.8% FRENCH RETAIL50 20 19 BANKING 4.2% 0 3.5% 3.1% 67 INTERNATIONAL 49 46 70 RETAIL BANKING
Slide 10: Macro economic scenarios
MACRO ECONOMIC SCENARIOS BASE « COVID » SCENARIO EXTENDED HEALTH CRISIS SCENARIO _2020 GDP _2020 GDP World US Euro zone France World US Euro zone France -2.3% -6.6% -6.8% -5.8% -7.8% -11.5% -11.1% -12.8% Gradual lifting of NPI (Non Pharmaceutical Interventions) by Prolongation of NPI (Non Pharmaceut
Slide 11: Focus on Q1 20 cost of risk
FOCUS ON Q1 20 COST OF RISK Q1 20 NET COST OF RISK EUR 820m Cost of risk at 32 bps excluding Covid-19 and 2 fraud-related one off charges this quarter IBFS GBIS 28% 42% Covid 19 explaining ~36% of Q1 20 cost of risk, half of which resulting from management overlay French Retail Banking 30% INTERNATI
Slide 12: Diversified and sound portfolio
DIVERSIFIED AND SOUND PORTFOLIO DIVERSIFIED CORPORATE PORTFOLIO SOLID RETAIL EXPOSURE CORPORATE EAD IN EACH SECTOR IN % OF TOTAL GROUP EAD(1) AT 31.12.2019 FOCUSED ON SOLID GEOGRAPHIES Total Group EAD : EUR 918BN EAD, on and off-balance sheet (EUR 203bn) as at 31.12.19(3) Finance & Insurance 6.0% We
Slide 13: Group results
GROUP RESULTS In EURm Q1 20 Q1 19 Change Net banking income 5,170 6,191 -16.5% -14.9%* Operating expenses (4,678) (4,789) -2.3% -0.7%* Underlying operating expenses(1) (4,188) (4,345) -3.6% -1.9%* Gross operating income 492 1,402 -64.9% -63.8%* Underlying gross operating income(1) 982 1,846 -46.8% -
Slide 14: Business Performance
2 BUSINESS PERFORMANCE
Slide 15: French Retail Banking results
FRENCH RETAIL BANKING RESULTS Strong commercial dynamism at the beginning of the quarter, March impacted In EURm Q1 20 Q1 19 Change by Covid-19 situation Net banking income 1,880 1,916 -1.9% REVENUES(1) -1.2% vs. Q1 19, with a decrease Net banking income excl. PEL/CEL 1,905 1,928 -1.2% in March offs
Slide 16: French Retail Banking adapting to the current situation
FRENCH RETAIL BANKING ADAPTING TO THE CURRENT SITUATION BE THE TRUSTED LEVERAGE OUR KEY HIGHLIGHTS OF THE PARTNER OF OUR CLIENTS DIGITAL CAPABILITIES QUARTER STRONG COMMERCIAL DYNAMISM AT OPERATIONAL CONTINUITY INDIVIDUAL CLIENT LOANS THE START OF THE YEAR ~85% of branches opened during lockdown Out
Slide 17: International Retail Banking and Financial Services results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES RESULTS REVENUE GROWTH (+1.6%*) In EURm Q1 20 Q1 19 Change DESPITE FIRST SIGHT Net banking income 1,964 2,076 -5.4% +1.6%* OF COVID IMPACT Operating expenses (1,146) (1,204) -4.8% +2.6%* Gross operating income 818 872 -6.2% +0.2%* Good commercial s
Slide 18: International Retail Banking good commercial start in Q1 2020
INTERNATIONAL RETAIL BANKING GOOD COMMERCIAL START IN Q1 2020 EUROPE RUSSIA (1) AFRICA AND OTHER +6%* +7%* +8%* +14%* +6%* +6%* OF LOANS OUTST. vs. March 19 OF DEPOSITS OUTST. vs. March 19 OF LOANS OUTST. vs. March 19 OF DEPOSITS OUTST. vs. March 19 OF LOANS OUTST. vs. March 19 OF DEPOSITS OUTST. vs
Slide 19: Global Banking and Investor Solutions results
GLOBAL BANKING AND INVESTOR SOLUTIONS RESULTS In EURm Q1 20 Q1 19 Change REVENUES –20.7% vs. Q1 19, adjusted for run- Net banking income 1,627 2,239 -27.3% -28.2%* off activities, disposals and SIX stake revaluation Operating expenses (1,977) (2,026) -2.4% -2.9%* Gross operating income (350) 213 n/s
Slide 20: What happened in the markets this quarter?
WHAT HAPPENED IN THE MARKETS THIS QUARTER? SOME POSITIVE TRENDS Strong volumes on Equity, benefiting to Flow, Listed products and Prime services Good momentum on Fixed Income Markets • Strong client activity • Higher level of volatility • Decreased interest rates • Investors move towards safer asset
Slide 21: Strong performance in FIC, equities revenues severely impacted by market dislocation
STRONG PERFORMANCE IN FIC, EQUITIES REVENUES SEVERELY IMPACTED BY MARKET DISLOCATION GLOBAL MARKETS & INVESTOR SERVICES: -42% VS. Q1 19, -34%* FIC +32% VS. Q1 19 (+52% EXCLUDING RUN-OFF) _Global Markets Revenues (EUR m) Very good performance in Flow (especially in Forex and Rates) and Financing, dri
Slide 22: Global Banking and Investor Solutions: Financing & Advisory, Asset & Wealth Management
GLOBAL BANKING AND INVESTOR SOLUTIONS FINANCING & ADVISORY, ASSET & WEALTH MANAGEMENT FINANCING & ADVISORY: -4% VS. HIGH BASE IN Q1 19, SIGNIFIANT INCREASE IN NET COST OF RISK Resilient performance in structured finance with strong start _Financing & Advisory Revenues (EURm) of the year, continued g
Slide 23: Corporate Centre
CORPORATE CENTRE NET BANKING INCOME NBI impacted by the change in fair value of financial In EURm Q1 20 Q1 19 instruments corresponding to economic hedges of Net banking income (301) (40) financial debt that do not meet IFRS hedge accounting criteria Operating expenses (105) (73) Gross operating inc
Slide 24: Capital and Liquidity
3 CAPITAL AND LIQUIDITY
Slide 25: Balance sheet ratios above regulatory requirements
BALANCE SHEET RATIOS ABOVE REGULATORY REQUIREMENTS 2020 requirements(2),(3) End-Q1 20 ratios Target 2020 CET1 9.1% 12.6% 200-250 bps over MDA Total Capital 13.5% 18.0% Leverage ratio 3.5% 4.2% 4% - 4.5% 19.8% (% RWA) 28.3% (% RWA) TLAC 6.0% (% leverage) 8.0% (% leverage) MREL(1) 8% (% TLOF) > 8% (%
Slide 26: Capital: comfortable buffer over regulatory requirements
CAPITAL: COMFORTABLE BUFFER OVER REGULATORY REQUIREMENTS _Q1 20: change in CET1(1) ratio (in bp) CET1(1) AT 12.6%, ~350 bp buffer over MDA (~9%) 13.2% -51bp Reversal of LEVERAGE RATIO AT 4.2% 2019 +54bp dividend Active management of our leverage provision(3) -3bp -7bp 12.7% exposure, ensuring stable
Slide 27: Group CET1: buffer to MDA
GROUP CET1: BUFFER TO MDA CET ratio: 12.6% ~ 350bp Buffer over MDA Systemic buffer 1.00% Countercyclical buffer(1) 0.07% Capital conservation buffer 2.50% P2R requirement (2) 0.98% 9.05% Pillar 1 4.5% CET 1 ratio Capital requirement as of 31.03.20 as of 01.04.20 (1) 7bp as of 01.04.20 (lowering of F
Slide 28: Group TLAC / MREL
GROUP TLAC / MREL _TLAC ratio _MREL ratio Meeting 2020 (19.5%(1)) and 2022 (21.5%(1) ) requirements Meeting total requirements (notification received in June 2018) TLAC in % RWA(1) MREL in % RWA(2) 28.3% > 28.3% SP 24.4% SP 2.5% SNP SNP 19.5% 7.5% T2 (*) TLAC in MREL in 7.5% T2 (*) AT1 % Leverage %
Slide 29: Group long term funding programme
GROUP LONG TERM FUNDING Parent company 2020 funding programme similar to PROGRAMME 2019 and shown prior to potential adjustments • ~EUR 18bn of vanilla debt, well balanced across the 2020 expected funding different debt formats programme(1) • Annual structured notes issuance volume in line with amou
Slide 30: Group long term funding breakdown
GROUP LONG TERM FUNDING BREAKDOWN(1) Access to diversified and complementary investor bases through: _Breakdown as of Senior Non-Preferred Issues Subordinated issuances 31.03.2020 14% Senior vanilla issuances (public or private 17% Subordinated Debt(2) placements) 7% LT Interbank Liabilities(5) Seni
Slide 31: Strengthened funding structure
STRENGTHENED FUNDING STRUCTURE _Loan to Deposit Ratio Robust balance sheet 97% 95% 95% Stable loan to deposit ratio 91% 95% 95% 105% 600 495 High quality asset buffers 460 447 470 469 421 443 500 80% 378 388 400 421 420 Comfortable LCR at 144% on average in Q1 20 400 300 55% NSFR above regulatory re
Slide 32: Credit rating overview
CREDIT RATING OVERVIEW Good fundamentals S&P: “Diverse business model by geography and _Credit Rating as of May 18th 2020 segment” Moody’s: “Strong franchise and well-diversified Fitch Moody’s S&P universal banking business model” LT/ST A+(dcr) A1(cr)/P-1(cr) A/A-1 Fitch: “The bank's ratings remain
Slide 33: Sustainability recognised in ratings
SUSTAINABILITY RECOGNISED IN RATINGS _SG is well recognised by extra-financial rating agencies and included in the leading sustainability indices, including DJSI: Rating Position vs peers “In this period of profound change we are experiencing, we 79/100 #1 Bank worldwide in environment are committed
Slide 34: CSR Strategy
4. CSR STRATEGY
Slide 35: Sustainability embedded in corporate purpose
SUSTAINABILITY EMBEDDED IN Corporate purpose “Building together, with our clients, a better and sustainable future through responsible and innovative solutions” COMMITTED TO SUPPORTING INTEGRATING CORPORATE AN OPPORTUNITY FOR CUSTOMERS THROUGH SOCIAL RESPONSIBILITY INNOVATION AND SUSTAINABILITY POSI
Slide 36: Six strategic CSR priorities: Transform to Grow
SIX STRATEGIC CSR PRIORITIES: "TRANSFORM TO GROW" CSR PRIORITIES APPROVED CLIMATE BY BOARD RESPONSIBLE CHANGE EMPLOYER Committed to align Developing lending portfolio employee skills, with Paris Agreement SUSTAINABLE adapting to changing Integration of E&S DEVELOPMENT ETHICS & environments risk mana
Slide 37: Positioning Societe Generale as a leader in sustainable finance
POSITIONING SOCIETE GENERALE AS A LEADER IN SUSTAINABLE FINANCE TARGETING LEADERSHIP RECEIVING RECOGNITION Financing energy transition: #1 bank worldwide in Environment 2020 EUR 100bn energy transition target achieved one and #6 bank in Europe across all ESG criteria year in advance (RobecoSAM 2019)
Slide 38: Sustainability embedded in corporate purpose
SUSTAINABILITY EMBEDDED IN CORPORATE PURPOSE « BUILDING TOGETHER WITH OUR CLIENTS A BETTER AND SUSTAINABLE FUTURE THROUGH RESPONSIBLE AND INNOVATIVE SOLUTIONS » Key 2020 commitments achieved 1 year ahead : Strengthened governance: ✓ EUR 100bn to the energy transition 2016-2020 ✓ Responsible Commitme
Slide 39: Supplement
5 SUPPLEMENT
Slide 40: Diversified geographical exposure
DIVERSIFIED GEOGRAPHICAL EXPOSURE GEOGRAPHIC EXPOSURE (31.12.19) LIMITED EXPOSURE TO EMERGING MARKETS On-and off-balance sheet EAD* 11% of total Group EAD All customers included: EUR 918bn Africa and Asia-Pacific Latin Eastern Middle East 6% America and Europe 4% Caribbean (excl.EU) 2% 1% SOVEREIGN
Slide 41: Oil & gas exposure
OIL & GAS EXPOSURE OIL AND GAS CORPORATE EAD AS AT 31.12.2019 2.2% of Total Group EAD Balanced exposure Exposure most sensitive to oil prices represent LNG Other 5% Upstream less than 30% of the exposure 6% Independents 22% Limited exposure to US Reserve Based Finance Integrated (less than USD 1.7bn
Slide 42: Risk weighted assets evolution
RISK WEIGHTED ASSETS EVOLUTION In EURbn +4.4 -0.1 355.0 +3.1 +2.5 345.0 47.9 Op.risk 48.0 Market risk 19.5 Credit risk 14.5 287.6 282.5 Q4 19 Regulatory Credit risk Market risk Op.risk Q1 20 PRESENTATION TO DEBT INVESTORS MAY 2020 42
Slide 43: Focus on Level 3 assets
FOCUS ON LEVEL 3 ASSETS Balance Sheet Main unobservable parameters as of 31/12/2019 Hybrid correlations (FX/rate, credit/rate, equities) Forex volatilities Constant pre-payment rates Inflation Valuation models Non-listed stocks (e.g Visa shares, stocks markets stake,…) Financial assets EUR 0.6 Other
Slide 44: Group quarterly income statement by core business
GROUP QUARTERLY INCOME STATEMENT BY CORE BUSINESS International Retail Banking Global Banking and Investor French Retail Banking Corporate Centre Group and Financial Services Solutions In EURm Q1 20 Q1 19 Q1 20 Q1 19 Q1 20 Q1 19 Q1 20 Q1 19 Q1 20 Q1 19 Net banking income 1,880 1,916 1,964 2,076 1,62
Slide 45: Group: IAS 12 amendment impact reconciliation with Q1 19 reported figures
GROUP: IAS 12 AMENDMENT IMPACT RECONCILIATION WITH Q1 19 REPORTED FIGURES Income Tax Group Net Income Reported IAS 12 impact Adjusted Reported IAS 12 impact Adjusted Q1 19 (310) 55 (255) 631 55 686 IAS 12 impacts only Corporate Centre PRESENTATION TO DEBT INVESTORS MAY 2020 45
Slide 46: Group: underlying data reconciliation with reported figures
GROUP: UNDERLYING DATA RECONCILIATION WITH REPORTED FIGURES Net profit or losses Q1 20 (in EURm) Operating Expenses Group net income Business from other assets Reported (4,678) 80 (326) (+) IFRIC 21 linearisation 490 347 (-) Group refocusing plan* (77) (77) Corporate Centre Underlying (4,188) 157 98
Slide 47: Group: underlying data IFRIC 21 impact
GROUP: UNDERLYING DATA IFRIC 21 IMPACT International Retail Global Banking and French Retail Banking Banking and Financial Corporate Centre Group Investor Solutions Services in EURm T1-20 T1-19 T1-20 T1-19 T1-20 T1-19 T1-20 T1-19 T1-20 T1-19 Total IFRIC 21 Impact - costs -125 -99 -94 -107 -386 -337
Slide 48: Group CRR/CRD4 prudential capital ratios
GROUP CRR/CRD4 PRUDENTIAL CAPITAL RATIOS _Fully Loaded Common Equity Tier 1, Tier 1 and Total Capital In EURbn 31/03/2020 31/12/2019 Shareholder equity Group share 62.6 63.5 Deeply subordinated notes* (8.3) (9.5) Undated subordinated notes* (0.3) (0.3) Dividend to be paid & interest on subordinated
Slide 49: Group CRR leverage ratio
GROUP CRR LEVERAGE RATIO _CRR Fully Loaded Leverage Ratio(1) In EURbn 31/03/2020 31/12/2019 Tier 1 Capital 52.9 51.9 Total prudential balance sheet (2) 1,364 1,204 Adjustement related to derivative exposures (176) (81) Adjustement related to securities financing transactions* (1) (3) Off-balance she
Slide 50: Group risk-weighted assets
GROUP RISK-WEIGHTED ASSETS* (CRR/CRD 4, IN EUR BN) 366.1 355.0 345.0 133.7 49.5 Total 128.4 47.9 48.0 117.4 117.7 17.3 115.3 113.8 19.5 33.0 14.5 7.5 6.9 32.2 0.0 0.1 6.8 Operational 99.1 97.8 99.2 0.1 32.2 5.5 0.1 5.3 0.1 5.4 0.1 15.1 Market 18.8 Credit 13.5 299.2 287.6 109.8 282.5 108.3 106.9 93.5
Slide 51: Group change in gross book outstandings
GROUP CHANGE IN GROSS BOOK OUTSTANDINGS* End of period in EUR bn 529.4 Total 501.2 502.4 504.6 504.8 507.1 491.1 496.6 482.1 Global Banking 175.7 and Investor Solutions 164.9 164.2 160.9 157.5 158.1 138.7 156.7 158.0 International Retail Banking and Financial Services 139.8 138.2 135.9 140.0 139.7 1
Slide 52: Group non performing loans
GROUP NON PERFORMING LOANS In EUR bn 31/03/2020 31/12/2019 31/03/2019 Gross book outstandings* 529.4 507.1 502.4 Doubtful loans* 16.6 16.2 17.7 Group Gross non performing loans ratio* 3.1% 3.2% 3.5% Stage 1 provisions 0.9 0.9 0.9 Stage 2 provisions 1.2 1.0 1.0 Stage 3 provisions 9.2 9.0 9.7 Group Gr
Slide 53: Group change in trading VaR and stressed VaR
GROUP CHANGE IN TRADING VAR* AND STRESSED VAR** _Quarterly Average of 1-Day, 99% Trading VaR* (in EUR m) 28 26 Trading VaR* 18 21 18 22 23 15 17 20 Credit 8 16 Interest Rates 4 6 7 10 8 5 Equity 15 10 11 12 13 12 11 11 11 Forex Commodities 14 17 13 15 15 19 19 12 14 Compensation Effect 3 3 4 4 4 3 3
Slide 54: Group diversified exposure to Russia
GROUP DIVERSIFIED EXPOSURE TO RUSSIA _EAD as of Q1 20: EUR 16.7bn Corporates(1) 39% Car loans 24% Mortgages 48% Retail 35% 26% Consumer 12% loans Financial 2% Institutions 14% Other Sovereign (1) o/w ca.90% Tier 1 corporates PRESENTATION TO DEBT INVESTORS MAY 2020 54
Slide 55: Group funding structure
GROUP FUNDING STRUCTURE (In EURbn) 31 DECEMBER 2019 31 MARCH 2020 844 810 419 443 Due to Customers o.w. Securities sold to customer 9 under repurchase agreements 5 Due to Banks 108 o.w. Securities sold to bank under 116 Financial Liabilities at Fair Value through Profit or Loss - 9 repurchase agreem
Slide 56: Group EPS calculation
GROUP EPS CALCULATION Average number of shares (thousands) Q1 20 2019 2018 Existing shares 853,371 834,062 807,918 Deductions Shares allocated to cover stock option plans and free shares awarded to staff 2,972 4,011 5,335 Other own shares and treasury shares 0 149 842 Number of shares used to calcul
Slide 57: Group net asset value, tangible net asset value
GROUP NET ASSET VALUE, TANGIBLE NET ASSET VALUE End of period Q1 20 2019 2018 Shareholders' equity Group share 62,581 63,527 61,026 Deeply subordinated notes (8,258) (9,501) (9,330) Undated subordinated notes (288) (283) (278) Interest net of tax payableto holders of deeply subordinated notes & unda
Slide 58: Group ROE/ROTE calculation detail
GROUP ROE/ROTE CALCULATION DETAIL End of period Q1 20 Q1 19 Shareholders' equity Group share 62,581 61,830 (8,258) (9,473) Deeply subordinated notes Undated subordinated notes (288) (283) Interest net of tax payable to holders of deeply subordinated notes & undated subordinated notes, interest paid
Slide 59: French Retail Banking net banking income
FRENCH RETAIL BANKING NET BANKING INCOME Change Q1 20 vs. Q1 19 1,916 1,994 1,879 1,957 1,880 -1.9% NBI in EURm Commissions(2) -2.6% vs. Q1 19 888 858 863 848 841 -2.6% Fees(2) 82 123 68 80 67 -17.7% Net interest margin(1) Other Income +1.4% vs. Q1 19 983 1,010 1,029 1,031 997 +1.4% Net Interest Mar
Slide 60: French Retail Banking customer deposits and financial savings
FRENCH RETAIL BANKING CUSTOMER DEPOSITS AND FINANCIAL SAVINGS Average outstanding in EUR bn Change Q1 20 vs. Q1 19 310 312 318 317 318 +2.7% Financial Life Insurance savings: 95 96 94 +0.6% 94 95 EUR 104.6bn -2.2% Mutual Funds 12 10 10 -21.2% 13 12 110 112 117 118 119 +8.6% Sight Deposits(1) Deposit
Slide 61: French Retail Banking loans outstanding
FRENCH RETAIL BANKING LOANS OUTSTANDING Change Average outstanding, net of provisions in EUR bn Q1 20 vs. Q1 19 198 202 206 +7.3% 192 194 109 +8.9% Housing 101 104 107 100 13 +5.1% Consumer Credit 13 13 13 13 and Overdraft +5.7% Business 79 80 81 82 84 Customers* 0.2 0.2 0.2 0.2 0.2 -24.3% Financial
Slide 62: International Retail Banking and Financial Services quarterly results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES QUARTERLY RESULTS International Retail Banking Insurance Financial Services to Corporates Total In EUR m Q1 20 Q1 19 Change Q1 20 Q1 19 Change Q1 20 Q1 19 Change Q1 20 Q1 19 Change Net banking income 1,293 1,387 +2.9%* 229 231 -0.8%* 442 458 -0.9%*
Slide 63: Quarterly results of International Retail Banking breakdown by region
QUARTERLY RESULTS OF INTERNATIONAL RETAIL BANKING BREAKDOWN BY REGION Africa, Asia, Total International Western Europe Czech Republic Romania Other Europe Russia (1) Mediterranean bassin Retail Banking and Overseas In M EUR Q1 20 Q1 19 Q1 20 Q1 19 Q1 20 Q1 19 Q1 20 Q1 19 Q1 20 Q1 19 Q1 20 Q1 19 Q1 2
Slide 64: International Retail Banking and Financial Services loan and deposit outstandings breakdown
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES LOAN AND DEPOSIT OUTSTANDINGS BREAKDOWN _Loan Outstandings Breakdown (in EURbn) _Deposit Outstandings Breakdown (in EURbn) Change Change March.20 vs. March 19 March.20 vs. March.19 1,0 1,1 82,9 +10,1%* 17,9 +5.5%* o.w. Equipment +7,4%* 77,7 18,2 Fi
Slide 65: International Retail Banking and Financial Services insurance key figures
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES INSURANCE KEY FIGURES _Life Insurance Outstandings and Unit Linked Breakdown (in EURbn) _Personal Protection Insurance Premiums (in EURm) 118.4 120.0 121.8 125.1 119.9 27% 28% 28% 30% 27% Unit Linked Change 277 289 285 269 279 Q1 20 vs. Q1 19 Euro
Slide 66: Global Banking and Investor Solutions quarterly results
GLOBAL BANKING AND INVESTOR SOLUTIONS QUARTERLY RESULTS Global Markets and Investor Total Global Banking and Investor Financing and Advisory Asset and Wealth Management Services Solutions In EUR m Q1 20 Q1 19 Change Q1 20 Q1 19 Change Q1 20 Q1 19 Change Q1 20 Q1 19 Change Net banking income 768 1,32
Slide 67: Global Banking and Investor Solutions risk-weighted assets
GLOBAL BANKING AND INVESTOR SOLUTIONS RISK-WEIGHTED ASSETS IN EUR BN _Global Markets and Investor Services 70.3 61.2 67.0 25.7 24.7 24.7 13.4 16.8 12.7 31.2 23.9 25.5 Q1 19 Q4 19 Q1 20 Operational Market _Financing and Advisory _Asset and Wealth Management Credit 53.6 48.3 53.2 5.4 5.6 1.0 5.6 1.9 0
Slide 68: Global Banking and Investor Solutions revenues
GLOBAL BANKING AND INVESTOR SOLUTIONS REVENUES _Global Markets and Investor Services Revenues (in EURm)(1) _Asset and Wealth Management Revenues (in EURm) 5 5 179 5 4 200 169 Securities 5 166 44 Services 51 57 50 461 519 494 48 Others 520 150 Fixed Income and Lyxor Currencies 206 181 667 693 175 165
Slide 69: Global Banking and Investor Solutions key figures
GLOBAL BANKING AND INVESTOR SOLUTIONS KEY FIGURES _Private Banking: Assets under Management (in EURbn) _Lyxor: Assets under Management (in EURbn) 113 114 117 119 111 135 138 149 121 126 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 _Securities Services: Assets under Custody (in EURbn)
Slide 70: Global Banking and Investor Solutions league tables, rankings, awards
Global banking and investor solutions league tables - RANKINGS - AWARDS Financing and Advisory Global Custodian Survey 2020: FImetrix RFIx Award 2020 Ranked top Agent bank in Best ECM Bank of the Year Distinguished (BCR) Emerging Markets in Russia in France and the Benelux Provider 2020 Supply Chain
Slide 71: Financing & Advisory supporting clients in their transformations
FINANCING & ADVISORY SUPPORTING CLIENTS IN THEIR TRANSFORMATIONS CLIENT PROXIMITY ILIAD Financial Advisor, Global Coordinator, Up to EUR 1.4bn – Share buyback offer and capital increase, INNOVATION reinforcing SG first-class credentials in the Telecom sector Structuring bank PRODUCT EXCELLENCE INDUS
Slide 72: Methodology (1/3)
METHODOLOGY (1/3) 1 – The financial information presented for the first quarter ended 31 March 2020 was reviewed by the Board of Directors on 29 April 2020 and has been prepared in accordance with IFRS as adopted in the European Union and applicable at this date. These items have not been audited. 2
Slide 73: Methodology (2/3)
METHODOLOGY (2/3) 6 – Cost of risk in basis points, coverage ratio for non performing loans The cost of risk or commercial cost of risk is defined on pages 45 and 574 of Societe Generale’s 2020 Universal Registration Document. This indicator makes it possible to assess the level of risk of each of t
Slide 74: Methodology (3/3)
METHODOLOGY (3/3) The net result by the group retained for the numerator of the ratio is the net profit attributable to the accounting group adjusted by the interest to be paid on TSS & TSDI, interest paid to the holders of TSS & TSDI amortization of premiums issues and unrealized gains/losses accou
Slide 75: Investor Relations Team
INVESTOR RELATIONS TEAM investor.relations@socgen.com www.societegenerale.com/en/investors
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