Barclays Plc · LSE:BARC
Barclays — Debt Investor Presentation (July 2026)
24 slides from Barclays's debt investor presentation, Jul 28, 2026
Slide 1: H1 2026 Fixed Income Call
H1 2026 Fixed Income Call 28th July 2026
Slide 2: Anna Cross, Group Finance Director
Anna Cross Group Finance Director
Slide 3: Group Q226 performance against financial targets
Group Q226 performance against financial targets Barclays Q2 2026 Results July 2026 3 Targets Q226 actuals H126 actuals 2026 targets 2028 targets Statutory RoTE 16.1% 14.8% >12% >14% Progressive increase vs >£15bn2 £1.8bn £2.3bn Total payout Dividend: £0.8bn Dividend: £0.8bn 20252 With capacity to s
Slide 4: Q226 LLR of 51bps; through the cycle guidance of 50-60bps
Q226 LLR of 51bps; through the cycle guidance of 50-60bps Barclays Q2 2026 Results July 2026 4 Loan loss rate (bps) Impairment charge (£m) 190 US Consumer Bank 562 558 555 309 312 346 5052 491 438 456 140 411 395 Q224 Q225 Q226 Group 90 469 571 743 384 661 61 572 Q224 Q225 Q226 48 51 44 38 37 40 491
Slide 5: UK economic trends conducive to banks’ balance sheet growth
UK economic trends conducive to banks’ balance sheet growth Barclays Q2 2026 Results July 2026 5 Constructive macro backdrop in UK corporate debt-to-GDP at a multi-decade low2 the UK1 US UK Eurozone 100% Nominal GDP 90% Real GDP 80% Real wage growth 70% House Price Index 60% 50% Unemployment rate 40
Slide 6: Daniel Fairclough, Group Treasurer
Daniel Fairclough Group Treasurer
Slide 7: Robust capital position with 14.3% CET1 ratio (14.0% pro-forma)
Robust capital position with 14.3% CET1 ratio (14.0% pro-forma) Barclays Q2 2026 Results July 2026 7 Q226 CET1 ratio movements 115bps H126 (14bps) (4bps) (3bps) 62bps (27bps) (14bps) 14.3% 14.1% 14.0% 13.9% Q126 Q126 announced Pro-forma Attributable Dividend RWA Other Q226 Q226 announced Pro-forma b
Slide 8: Guidance on regulatory driven RWA inflation
Guidance on regulatory driven RWA inflation Barclays Q2 2026 Results July 2026 8 c.£19-26bn total RWA impact • FRTB1 impact mostly expected in 2027. Likely to use option to defer elements of FRTB to 20282 Basel 3.1: 1st January 2027 • Partial offset in Pillar 2A expected on 1st January 20273 c.£8-15
Slide 9: Operating with a prudent buffer to each tier of capital requirements
Operating with a prudent buffer to each tier of capital requirements Barclays Q2 2026 Results July 2026 9 Q226: AT1 and T2 needs managed on a total capital basis Balanced total capital structure • Operating with prudent buffers at each part of the capital stack 20.3% to manage FX and RWA movements 2
Slide 10: MREL position well established
MREL position well established Barclays Q2 2026 Results July 2026 10 Q226: MREL minimum requirements HoldCo issuance 36.7% (£133.9bn) • c.£10bn MREL issuance plan for 2026 complete 30.5% • Pre-funding of 2027 volumes may be considered subject to prevailing (£111.4bn) market conditions CCyB: 1.0% Sen
Slide 11: Prudently managed LCR supported by a highly liquid balance sheet
Prudently managed LCR supported by a highly liquid balance sheet Barclays Q2 2026 Results July 2026 11 Average LCR (%)1 Average NSFR (%)2 73% of Liquidity Pool held in cash HTC £27bn 137 138 8% 161 172 170 135 135 136 156 158 FVOCI £65bn 19% FY22 FY23 FY24 FY25 Q226 FY22 FY23 FY24 FY25 Q226 Liquidit
Slide 12: Diverse and growing deposit base
Diverse and growing deposit base Barclays Q2 2026 Results July 2026 12 Group deposit base £594bn, +1% QoQ, +5% YoY, +10% since 2023 586 588 594 565 575 Corporates & SME QoQ YoY Since FY23 Investment Bank £162bn +3% +9% +22% 297 296 303 of which: International Corporate Bank1 £120bn +4% +12% +39% 286
Slide 13: Structural hedge expected to deliver income growth beyond 2028
Structural hedge expected to deliver income growth beyond 2028 Barclays Q2 2026 Results July 2026 13 Continued structural hedge momentum Hedge notional (£bn) Q226: 4.3% GBP 7yr average10000 3.9% swap rate1 246 236 242 243 5000 232 Average 14000 2.5% Q226: 2.9% hedge yield2 12000 0 10000 +>£1bn Produ
Slide 14: Targeting Barclays PLC to be “A” composite across all indices over time
Targeting Barclays PLC to be “A” composite across all indices over time Barclays Q2 2026 Results July 2026 14 S&P and Fitch HoldCo ratings affirmed in 2026 Current Senior long and short term ratings • HoldCo Senior composite “A” rated for two of four Moody’s Standard & Poor’s Fitch indices1 o One fu
Slide 15: Q&A
Q&A
Slide 16: Appendix
Appendix
Slide 17: CET1 ratio in relation to our minimum requirements
CET1 ratio in relation to our minimum requirements Barclays Q2 2026 Results July 2026 17 Q226: CET1 minimum requirements MDA 12.2% CCyB 1.0% CCB 2.5% • Have been operating around the top end of our 13-14% CET1 target range • Returns and distributions targets based on operating around this level 14.3
Slide 18: Group RWAs were stable in Q2
Group RWAs were stable in Q2 Barclays Q2 2026 Results July 2026 18 Risk weighted assets (£bn) IB % of Group: 58% 56% 55% Driven by AA portfolio sale 56% 1.5 (0.7) (0.2) 2.4 (3.3) 0.5 Driven by SRTs 351.4 353.0 364.5 364.8 Q224 Q225 Q126 Barclays UK UK Corporate Private Bank Investment US Consumer He
Slide 19: Leverage ratio above regulatory requirements
Leverage ratio above regulatory requirements Barclays Q2 2026 Results July 2026 19 Q226: leverage minimum requirements Reg Min 4.08% CCLB 0.30% G-SII 0.53% 4.9% 4.6% BoE minimum leverage 3.25% requirement UK Leverage requirement UK spot UK average
Slide 20: c.£10bn issuance plan for 2026 complete
c.£10bn issuance plan for 2026 complete Barclays Q2 2026 Results July 2026 20 2026 HoldCo benchmark issuance Annual HoldCo issuance volume (£bn) and currency1,2 16.1 $0.3bn 4NC3 FRN 15.0 15.1 $1.0bn 4NC3 14.1 February $1.2bn 6NC5 $1.5bn 11NC10 11.0 9.9 €0.5bn 4NC3 8.6 11.2 7.8 10.7 9.8 11.8 €1.25bn
Slide 21: Performance of the structural hedge over time
Performance of the structural hedge over time Barclays Q2 2026 Results July 2026 21 The structural hedge smooths income and protects against sharp downwards movement in interest rates 7% 6% 5% 4% 3% 2% 1% 0% -1% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 202
Slide 22: Low interest rate sensitivity
Low interest rate sensitivity Barclays Q2 2026 Results July 2026 22 Illustrative -25bps interest rate sensitivity1 • Illustrative impact on Group income from a 25bps Year 1 Year 2 Year 3 parallel shift in interest rate curves Swap rates £(50)m £(150)m £(240)m • Sensitivity is based on a constant bal
Slide 23: Risk transfer transactions enhance Barclays’ risk management capabilities
Risk transfer transactions enhance Barclays’ risk management capabilities Barclays Q2 2026 Results July 2026 23 Q226: £64bn1 risk transferred • Outright sale of assets Cash • Assets either derecognised from balance sheet or remain on balance sheet with capital relief achieved £6bn structures through
Slide 24: Disclaimer
Disclaimer Barclays Q2 2026 Results July 2026 24 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 s