Barclays Plc · LSE:BARC
Barclays — Debt Investor Presentation (July 2021)
74 slides from Barclays's debt investor presentation, Jul 28, 2021
Slide 1: Barclays PLC Q2 2021 Fixed Income Investor Presentation
Barclays PLC Q2 2021 Fixed Income Investor Presentation 28 July 2021
Slide 2: Strategy
Strategy
Slide 3: Strong H121 profitability, increased capital distributions to shareholders
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Strong H121 profitability, increased capital distributions to shareholders H121 metrics Group targets over the medium term Returns Returns Cost e
Slide 4: Diversified 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 model provides resilience through economic cycles Diversified by income type Diversified by customer and client Diversified by geogra
Slide 5: Barclays continues to support client activity in capital markets
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays continues to support client activity in capital markets Global equity market capitalisation1 and bonds H121 Global Markets and Investmen
Slide 6: Signs of consumer spending recovery during Q221
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Signs of consumer spending recovery during Q221 driven by lockdown easing while mortgage activity remained robust Cards spending Merchant acquiri
Slide 7: Ambition in Payments of c.£900m income growth over three years
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Ambition in Payments of c.£900m income growth over three years CAGR income H120 H121 growth ambition FY20-FY23 (£m) Total payments 783 901 +15% (
Slide 8: 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 1 2 3 4 Resilience through Strong balanc
Slide 9: 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 • Barclays expects to deliver a RoTE above 10% in 2021 Impairment • The quart
Slide 10: Performance
Performance
Slide 11: H121 performance reflects continued benefits of diversification
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES H121 performance reflects continued benefits of diversification during the pandemic and net impairment releases Income Costs Robust profitability
Slide 12: H121 Group highlights
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES H121 Group highlights • Income decreased 3% YoY, reflecting currency headwinds. Excluding the impact of FX, income increased YoY, reflecting the
Slide 13: Q221 Group highlights
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q221 Group highlights • Income of £5.4bn, up 1% YoY despite a 13% depreciation of average USD against GBP Income Costs − Improved income from the
Slide 14: Income: Ongoing benefits from business diversification
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Income: Ongoing benefits from business diversification, with lower YoY CIB offset by partial recovery in consumer businesses Group income +1% YoY
Slide 15: Unsecured lending remains subdued, mortgage performance strong
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Unsecured lending remains subdued, despite the recent recovery in spend, while mortgage performance remains strong Unsecured lending Structural h
Slide 16: Costs: Q221 YoY increase driven by structural cost actions
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Costs: Q221 YoY increase driven by structural cost actions of £0.3bn, predominantly relating to the real estate review (£m) Quarterly costs up 10
Slide 17: H121 structural cost actions primarily related to real estate charge
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES H121 structural cost actions primarily related to the real estate charge taken in Q221 Structural cost actions (£m) • H121 structural cost action
Slide 18: FY21 costs expected broadly in line with FY20 at c.£12bn
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES FY21 costs, excluding structural cost actions and performance costs, expected to be broadly in line with FY20 at c.£12bn FY20 to FY21 costs outlo
Slide 19: Q221 Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q221 Barclays UK RoTE of 29.1% reflected a £0.5bn impairment release. FY21 NIM expected to be at the top end of the guided range • Income increas
Slide 20: Q221 Barclays International
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q221 Barclays International RoTE of 15.6% driven by a net impairment release and resilient operating performance • Income decreased 5% YoY Income
Slide 21: Q221 Barclays International: Corporate & Investment Bank
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q221 Barclays International: Corporate & Investment Bank RoTE of 14.8% driven by improved profitability, including a net impairment release • CIB
Slide 22: Q221 Barclays International: Consumer, Cards & Payments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q221 Barclays International: Consumer, Cards & Payments RoTE of 21.8% reflecting a net impairment release, Unified Payments income recovery and c
Slide 23: Q221 Head Office
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q221 Head Office Q220 Q320 Q420 Q121 Q221 • Negative income of £27m included: − Hedge accounting losses (75) Income (139) (127) (171) (27) − Fund
Slide 24: 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 25: Asset Quality
Asset Quality
Slide 26: Impairment: Q221 net release of £0.8bn
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET ASSET QUALITY QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Impairment: Q221 net release of £0.8bn, due to improved macro outlook, lower unsecured balances and benign credit environment Impai
Slide 27: Improved macroeconomic variables drove the impairment release
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET ASSET QUALITY QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Improved macroeconomic variables drove the impairment release Macroeconomic variables (MEVs) MEVs used in Q121 results Q221 MEVs Ch
Slide 28: Jun-21 coverage ratios in unsecured and wholesale loans remain above pre-pandemic levels
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET ASSET QUALITY QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Jun-21 coverage ratios in unsecured and wholesale loans remain above pre-pandemic levels given ongoing uncertainty Credit cards, un
Slide 29: Jun-21 unsecured lending coverage ratios still above pre-pandemic levels
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET ASSET QUALITY QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Jun-21 unsecured lending coverage ratios still materially above pre- pandemic levels UK cards US cards Gross exposure (£bn) Impairm
Slide 30: Retail portfolios in the UK and US appropriately positioned
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET ASSET QUALITY QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Retail portfolios in the UK and US continue to be appropriately positioned • Risk actions taken at pandemic outset to mitigate pote
Slide 31: Wholesale exposures are diversified and appropriately covered
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET ASSET QUALITY QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Wholesale exposures are diversified and appropriately covered, especially in selected vulnerable sectors Wholesale and vulnerable s
Slide 32: Capital & Leverage
Capital & Leverage
Slide 33: CET1 ratio increased to 15.1% driven by profits and lower RWAs
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES CET1 ratio increased to 15.1% driven by profits and lower RWAs CET1 ratio was 390bps above the MDA hurdle of 11.2% as at Jun-21 QoQ CET1 ratio1 m
Slide 34: CET1 ratio target range continues to be 13-14%
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES CET1 ratio target range continues to be 13-14%, but expect to remain above that in 2021 Near-term CET1 ratio flightpath 13-14% 17bps 11bps 15.1%
Slide 35: Continue to target appropriate headroom above the MDA hurdle
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Continue to target appropriate headroom above the MDA hurdle Illustrative evolution of minimum CET1 requirements and buffers • Barclays intends t
Slide 36: IFRS 9 transitional relief of c.40bps as at Jun-21
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES IFRS 9 transitional relief of c.40bps as at Jun-21 Constructive regulatory action in Q220 gave greater relief Appropriately positioned CET1 ratio
Slide 37: 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 38: Group leverage position appropriately managed
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Group leverage position appropriately managed Minimum leverage requirements and buffers under the UK regime • Headroom to minimum leverage requir
Slide 39: 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 40: RWAs remained broadly stable YTD and decreased by £6.9bn QoQ
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES RWAs remained broadly stable YTD and decreased by £6.9bn QoQ YTD RWA movements (£bn) 0.2 1.7 2.2 0.8 0.3 308.7 306.5 307.2 306.2 306.2 306.4 306.
Slide 41: MREL, Funding & Liquidity
MREL, Funding & Liquidity
Slide 42: 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; £5.3bn equivalent issued in H121 Fully loaded MREL po
Slide 43: Strong progress in HoldCo issuance
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Strong progress in HoldCo issuance Annual HoldCo issuance volume materially lower compared to 2016-18 (£bn)1,2 2021 YTD HoldCo issuance by curren
Slide 44: 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 YTD liquidity position stable, with Group LCR well above regulatory requirements Comfortably exceeding minimum re
Slide 45: Conservative loan: deposit ratio
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Conservative loan: deposit ratio LDR decreased 6% YoY, reflecting strong deposit growth in BUK and CIB Conservative loan: deposit ratio (LDR)1,2
Slide 46: Wholesale funding composition as at 30 June 2021
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 20211 1-3 3-6 6-12 Total 1-2 2-3 3-4 4-5 As at 30 June 2021 (£bn) <1 month >5 years Total months mont
Slide 47: Credit Ratings
Credit Ratings
Slide 48: 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 49: 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 50: ESG
ESG
Slide 51: Environmental and Social stewardship central to our strategy
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Environmental and Social stewardship central to our strategy • Ambition to be a net zero bank by 2050 and committed to align all our financing to
Slide 52: 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 53: Barclays ESG ratings
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays ESG ratings Barclays’ strategy and performance on ESG factors is evaluated by a range of external agencies, with whom we actively engage
Slide 54: Divisions & Legal Entities
Divisions & Legal Entities
Slide 55: Legal entity structure of the Group since April 2018
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 Divisions Personal Banking
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: Appendix
Appendix
Slide 58: H121 notable items
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES H121 notable items Six months ended (£m) Jun-21 Jun-20 Income Valuation loss on Barclays’ preference shares in Visa Inc. - (101) Consume
Slide 59: H121 Group
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES H121 Group Six months ended (£m) Jun-21 Jun-20 % change Income 11,315 11,621 -3% Impairment releases / (charges) 742 (3,738) – Operating
Slide 60: H121 Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES H121 Barclays UK Six months ended (£m) Jun-21 Jun-20 % change – Personal Banking 1,910 1,794 +6% – Barclaycard Consumer UK 605 803 -25%
Slide 61: H121 Barclays International
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES H121 Barclays International Six months ended (£m) Jun-21 Jun-20 % change Income 8,218 8,654 -5% Impairment releases / (charges) 293 (2,6
Slide 62: H121 Barclays International: Corporate & Investment Bank
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES H121 Barclays International: Corporate & Investment Bank Six months ended (£m) Jun-21 Jun-20 % change – FICC 2,099 3,326 -37% – Equities
Slide 63: H121 Barclays International: Consumer, Cards & Payments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES H121 Barclays International: Consumer, Cards & Payments Six months ended (£m) Jun-21 Jun-20 % change – International Cards and Consumer
Slide 64: H121 Head Office
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES H121 Head Office Six months ended (£m) Jun-21 Jun-20 % change Income (102) (204) +50% Impairment releases / (charges) 6 (55) – Operating
Slide 65: H121 split of payments income by division
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES H121 split of payments income by division Jun-21 Jun-20 % change Six months ended (£m) BUK CIB CC&P Total BUK CIB CC&P Total BUK CIB CC&
Slide 66: Q221 notable items
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q221 notable items Three months ended (£m) Jun-21 Jun-20 Income Valuation loss on Barclays’ preference shares in Visa Inc. - (101) Consu
Slide 67: Q221 Group
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q221 Group Three months ended (£m) Jun-21 Jun-20 % change Income 5,415 5,338 +1% Impairment releases / (charges) 797 (1,623) – Operating
Slide 68: Q221 Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q221 Barclays UK Three months ended (£m) Jun-21 Jun-20 % change – Personal Banking 987 826 +19% – Barclaycard Consumer UK 290 367 -21% –
Slide 69: Q221 Barclays International
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q221 Barclays International Three months ended (£m) Jun-21 Jun-20 % change Income 3,819 4,010 -5% Impairment releases / (charges) 271 (1
Slide 70: Q221 Barclays International: Corporate & Investment Bank
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q221 Barclays International: Corporate & Investment Bank Three months ended (£m) Jun-21 Jun-20 % change – FICC 895 1,468 -39% – Equities
Slide 71: Q221 Barclays International: Consumer, Cards & Payments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q221 Barclays International: Consumer, Cards & Payments Three months ended (£m) Jun-21 Jun-20 % change Income 840 694 +21% Impairment ch
Slide 72: Q221 Head Office
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q221 Head Office Three months ended (£m) Jun-21 Jun-20 % change Income (27) (139) +81% Impairment releases / (charges) 6 (30) – Operatin
Slide 73: Contact – Debt Investor Relations Team
Contact – Debt Investor Relations Team Dan Colvin Lis Nguyen Christy Zakarias +44 (0)20 7116 6533 +44 (0)20 7116 1065 +44 (0)20 7116 4543 daniel.colvin@barclays.com lis.nguyen@barclays.com christy.zakarias@barclays.com 73 | Q2 2021 Fixed Income Investor Presentation | 28 July 2021
Slide 74: Disclaimer
Disclaimer 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 sell or solicitation of any offer to bu