Societe Generale S.a. Class A · EURONEXT:GLE
Societe Generale S.a. Class A — Debt Investor Presentation (May 2021)
69 slides from Societe Generale S.a. Class A's debt investor presentation, May 2021
Slide 1: Presentation to Debt Investors
PRESENTATION TO DEBT INVESTORS 1st quarter 2021 | May 2021
Slide 2: Disclaimer
DISCLAIMER This presentation contains forward-looking statements relating to the targets and strategies of the Societe Generale Group. These forward-looking statements are based on a series of assumptions, both general and specific, in particular the application of accounting principles and methods
Slide 3: Key Highlights and Group Performance
1 KEY HIGHLIGHTS AND GROUP PERFORMANCE
Slide 4: Q1 21: An Excellent Quarter
Q1 21 : AN EXCELLENT QUARTER STRONG REBOUND SOLID BALANCE-SHEET EXECUTION OF IN EARNINGS & ASSET QUALITY STRATEGIC ROADMAP Revenues: +21% (+25%*) Low cost of risk: 21bp Delivering on our strategic vs. Q1 20 initiatives Strong performance in Global Markets 2021 cost of risk expected French networks’
Slide 5: Q1 21: Strong Rebound in Earnings
Q1 21 : STRONG REBOUND IN EARNINGS POSITIVE JAWS GROSS OPERATING INCOME COST/INCOME RATIO _Variation of revenues and underlying costs Q1 21/Q1 20 _Underlying Group Operating Income (EURm) _Underlying cost/income ratio Revenues +21% x2 2,148 81% 66% 982 Q1 20 Q1 21 Q1 20 Q1 21 Costs -2.2%(1) UNDERLYI
Slide 6: Strict Cost Discipline
STRICT COST DISCIPLINE _ Underlying costs (EURm) -2.2% DECREASE IN UNDERLYING COSTS despite higher IFRIC 21 charges +34 -106 4,188 and variable costs to support growth in revenues -19 4,097 DISCIPLINE ACROSS ALL BUSINESSES -1.6%(1) vs Q1 20 in French Retail Banking -5.5%(1) vs Q1 20 in International
Slide 7: Low Cost of Risk
LOW COST OF RISK _Cost of risk(1) (in bp) Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 NON-PERFORMING LOAN RATIO(2) 65 97 MAR 17 MAR 18 MAR 19 MAR 20 DEC 20 MAR 21 40 54 GROUP 21 4.8% 4.2% 85 49 50 3.5% 3.3% 3.3% FRENCH RETAIL BANKING 24 23 3.1% 125 INTERNATIONAL RETAIL 102 89 BANKING AND FINANCIAL 67 44 SERVICES
Slide 8: Quality of Our Assets Confirmed
QUALITY OF OUR ASSETS CONFIRMED LIMITED DEFAULTS PRUDENT APPROACH ON PROVISIONING _Q1 21 Cost of risk(1) _Total Stage 1/Stage 2 provisions (in EURm) In EURm In bp 276 21 3,622 3,578 2,282 300 23 2,379 2,329 1,231 1,051 1,243 1,249 -24 -2 Q1 21 31.12.19 31.12.20 31.03.21 Stage 1/Stage 2 Stage 3 Stage
Slide 9: Manageable Residual Exposure on Covid Related Measures
MANAGEABLE RESIDUAL EXPOSURE ON COVID RELATED MEASURES EXPIRATION OF MORATORIA(1) NET EXPOSURE ON STATE GUARANTEED LOANS MORE THAN 90% OF TOTAL MORATORIA ALREADY EXITED EUR 19BN STATE GUARANTEED LOANS AT END-Q1, OF WHICH EUR 18BN IN FRANCE (“PGE”) EUR 2BN OF NET EXPOSURE ON PGE _Outstanding (in EURb
Slide 10: Focus on Exposures
FOCUS ON EXPOSURES CORPORATE PORTFOLIO BREAKDOWN EXPOSURE TO SENSITIVE SECTORS CORPORATE EAD(1) IN EACH SECTOR IN % OF TOTAL GROUP EAD AT 31.03.2021 ACCOMMODATION*: 0.3% of total Group EAD Total Group EAD: EUR 1,051BN CATERING*: 0.3% of total Group EAD Finance & insurance 7.0% Business services 3.5%
Slide 11: IFRS 9 Monitoring
IFRS 9 MONITORING METHODOLOGY APPLIED As of Q1 21, update of IFRS 9 parameters to fully include forward-looking information based on: • Specific sector / areas-at-risk adjustments (e.g. loans under non expired moratoria) • Updated 4 macroeconomic scenarios with conservative adjustments made to take
Slide 12: Group Results
GROUP RESULTS In EU R m Q1 2 1 Q1 2 0 Change N et b ank i ng i ncom e 6,245 5,170 +20.8% +25.2%* Op erat i ng exp enses (4 , 7 4 8 ) (4 , 6 7 8 ) +1.5% +3.7%* Underlying operating expenses(1) (4,097) 4,188 -2.2% +0.2%* Gross op erat i ng i ncom e 1,497 492 x 3.0 x 3.7* Underlying gross operating inc
Slide 13: Business Performance
2 BUSINESS PERFORMANCE
Slide 14: French Retail Banking Results
FRENCH RETAIL BANKING RESULTS I n EURm Q1 2 1 Q1 2 0 C hange REVENUES -2.4%(2) vs. Q1 20 Net banking income 1,847 1,880 -1.8% Net banking income excl. PEL/CEL 1,859 1,905 -2.4% Operating expenses (1,453) (1,450) +0.2% Net interest margin -5.7%(2) vs. Q1 20, still Gross op erat i ng i ncom e 394 430
Slide 15: French Networks
FRENCH NETWORKS SOCIETE GENERALE & CREDIT DU NORD +7% +14% +1% +12% LOANS OUTSTANDING vs. Q1 20 DEPOSITS OUTSTANDING vs. Q1 20 LIFE INSURANCE OUTSTANDINGS vs. Q1 20 PRIVATE BANKING AUM vs. Q1 20 _Loans (EURbn) _Deposits (EURbn) _Life Insurance outstandings (EURbn) _Private Bank AuM (EURbn) 229 197 2
Slide 16: Boursorama
BOURSORAMA +203k +24% +20% +33% NEW CLIENTS in Q1 21 TOTAL CLIENTS vs. Q1 20 LOANS OUTSTANDING vs. Q1 20 DEPOSITS OUTSTANDING vs. Q1 20 _New clients (‘000) _Total number of clients (m) _Loans (EURbn) _Deposits and financial savings (EURbn) >4m 31 203 24 193 2.8 11 2.3 9 Consumer Financial 120 129 lo
Slide 17: International Retail Banking and Financial Services Results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES RESULTS I n EURm Q1 2 1 Q1 2 0 C hange REVENUES UP +0.1%* vs. Q1 20 Net banking income 1,862 1,964 -5.2% +0.1%* Operating expenses (1,089) (1,146) -5.0% +0.0%* International Retail Banking revenues down Gross op erat i ng i ncom e 773 818 -5.5% +0.
Slide 18: International Retail Banking
INTERNATIONAL RETAIL BANKING EUROPE RUSSIA(2) AFRICA AND OTHER +2%* +10%* -5%* +2%* Stable* +6%* LOANS OUTSTANDING DEPOSITS OUTSTANDING LOANS OUTSTANDING DEPOSITS OUTSTANDING LOANS OUTSTANDING DEPOSITS OUTSTANDING vs. Mar 20 vs. Mar 20 vs. Mar 20 vs. Mar 20 vs. Mar 20 vs. Mar 20 _Loans (EURbn) _Depo
Slide 19: Financial Services
FINANCIAL SERVICES INSURANCE FINANCIAL SERVICES TO CORPORATES +7%* +1% 1.8 m +1%* SAVINGS LIFE INSURANCE PROTECTION PREMIUM IN FRANCE TOTAL ALD CONTRACTS LEASING NEW BUSINESS VOLUME OUTSTANDINGS vs. Mar 20 vs. Q1 20 as of Mar. 21 vs. Q1 20 _Revenues (EURm) _Revenues (EURm) +4%* +10%* 400 600 350 442
Slide 20: Global Banking and Investor Solutions Results
GLOBAL BANKING AND INVESTOR SOLUTIONS RESULTS REVENUES UP +60%* vs. Q1 21, driven by strong dynamics in Global Markets and solid performance in Financing & Advisory I n EURm Q1 2 1 Q1 2 0 C hange Net banking income 2,509 1,627 +54.2% +60.4%* Operating expenses (2,051) (1,977) +3.7% +5.9%* STRICT COS
Slide 21: Global Markets and Investor Services
GLOBAL MARKETS AND INVESTOR SERVICES GLOBAL MARKETS & INVESTOR SERVICES REVENUES: x2.3* vs. Q1 20 _Global Markets Revenues (EURm) EQUITIES +44% VS. Q4 20, +36% vs. 2019 quarterly average 1,476 Best quarter since 2015 with strong revenues across businesses and regions driven by favourable market cond
Slide 22: Financing & Advisory, Asset & Wealth Management
FINANCING & ADVISORY ASSET & WEALTH MANAGEMENT FINANCING & ADVISORY: +3%* VS. Q1 20 _Revenues (EURm) Solid performance in Asset Finance and Asset-Backed Products Good momentum in Investment Banking with strong revenues led by Equity Capital Markets and Acquisition Finance 681 633 611 629 657 579 Ste
Slide 23: Corporate Centre
CORPORATE CENTRE I n EURm Q1 2 1 Q1 2 0 UNDERLYING COSTS BROADLY STABLE Net banking income 27 (301) Operating expenses (155) (105) OPERATING EXPENSES INCLUDING Underlying operating expenses (71) (67) EUR 50M(2) TRANSFORMATION Gross op erat i ng i ncom e (1 2 8 ) (4 0 6 ) CHARGES PERTAINING TO Underl
Slide 24: Capital and Liquidity
3 CAPITAL AND LIQUIDITY
Slide 25: Regulatory Ratios Comfortably Above Minimum Requirements
REGULATORY RATIOS COMFORTABLY ABOVE MINIMUM REQUIREMENTS Requirements (1) End-Q1 21 ratios End-Q1 21 ratios Including IFRS9 phasing Fully-loaded CET1 9.03% (2) 13.5% 13.2% Total Capital 13.3% 19.1% 18.8% Leverage ratio 3.5% 4.5%(5) 4.4%(5) 19.5% (% RWA) (3) 31.0% (% RWA) 30.7% (% RWA) TLAC 6.0% (% l
Slide 26: Strong Balance Sheet: CET1
STRONG STRONG CET 1 BALANCE SHEET _Q1 21 change in CET 1(1) ratio (in bp) +26bp -1bp -16bp ~+18bp ~-13bp CET 1 AT 13.5% 13.5% ~ 450bp buffer over MDA at 9.03% -1bp 13.5% 13.4% IFRS 9 +25bp phasing IFRS 9 LEVERAGE RATIO AT 4.5% phasing +28bp TLAC RATIO AT 31% BALANCE SHEET MEETING MREL REQUIREMENT ~6
Slide 27: TLAC / MREL
GROUP TLAC / MREL _TLAC ratio _MREL ratio Meeting 2021 (19.5%) and 2022 (21.5%)(1) requirements Meeting total requirements (notification received in May 2020) % RWA (1) % RWA (2) Q1 ratios Q1 ratios 2.1% SP SP SNP 24.4% SNP T2 (*) 9.2% % Leverage 9.2% AT1 T2 (*) 19.5% CET 1 AT1 % TLOF 8.8% CET 1 3.9
Slide 28: Long Term Funding Programme
LONG TERM FUNDING PROGRAMME Q1 vanilla issuances Senior Preferred and Secured debt: 2021 expected funding programme: - EUR 750m 10Y covered bond - c. EUR 14.5bn of vanilla debt (adjusted downwards from c. EUR 16bn - EUR 1bn 7Y Senior Preferred initially), well balanced across the different formats S
Slide 29: Group Long Term Funding Breakdown
GROUP LONG TERM FUNDING BREAKDOWN(1) Access to diversified and _Breakdown as of complementary investor bases through: Senior Non-Preferred Issues 31.03.2021 Subordinated issuances Senior vanilla issuances (public or private Subordinated Debt(2) placements) Senior structured notes distributed to inst
Slide 30: Strengthened Funding Structure
STRENGTHENED FUNDING STRUCTURE _Loan to Deposit Ratio Robust balance sheet Slightly decreasing loan to deposit ratio 95% 93% 92% 90% 105% 600 89% High quality asset buffers 469 495 471 506 504 513 469 525 500 463 463 80% Comfortable LCR at 141% on average in Q1 21 Loans (EUR bn) 400 NSFR above regul
Slide 31: Credit Rating Overview
CREDIT RATING OVERVIEW Good fundamentals S&P: “Diverse business model by geography and _Credit Rating as of April 2021 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 supp
Slide 32: CSR Strategy
4. CSR STRATEGY
Slide 33: Reinforcing Leadership Positions in Sustainable Finance
REINFORCING LEADERSHIP POSITIONS IN SUSTAINABLE FINANCE ACCELERATING PORTFOLIO ALIGNMENT DELIVERING INNOVATIVE SOLUTIONS Net Zero Banking Alliance (NZBA) founding Awards of #1 Sustainable Export Finance 2020(2) member(1) and Best Bank for New Financial Products with Committed to achieving carbon neu
Slide 34: Mapping of 2020 Extra-Financial Ratings
MAPPING OF 2020 EXTRA-FINANCIAL RATINGS AGENCIES BEST SCORE WORST POSITION VERSUS PEERS A1+ D3- TOP 1% ALL COMPANIES 100 68 60 50 30 0 WORLDWIDE AAA AA A BBB BB B CCC TOP 14% BANKS WORLDWIDE 100 79 60 57 54 30 0 TOP DECILE BANKS WORLDWIDE A+ C+ C C- D+ D D- TOP DECILE BANKS WORLDWIDE 0 10 20 25.9 30
Slide 35: New Stage in the Energy Transition
NEW STAGE IN THE ENERGY TRANSITION ACHIEVED THROUGH: SETTING SECTOR-BY-SECTOR TARGETS FOR _ The common open source methodology ALL FINANCING ACTIVITIES, STARTING WITH THE MOST defined with 4 other banks** for sector CARBON INTENSIVE SECTORS alignment of credit portfolios ‘PACTA for Banks’ _ Towards
Slide 36: PACTA: Pioneering Alignment of Credit Portfolios
PACTA: PIONEERING ALIGNMENT OF CREDIT PORTFOLIOS Implementing a standard, called PACTA for Banks, which is open source and available for all to use: joint publication of a methodology with the Katowice Banks and 2DII in September 2020 OBJECTIVE: _ Select indicators that are enablers of the transitio
Slide 37: 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 38: A Corporate Purpose Approved by the Board That Guides Our Strategic Plan
A CORPORATE PURPOSE APPROVED BY THE BOARD THAT GUIDES OUR STRATEGIC PLAN OUR CORPORATE STAKEHOLDER STRATEGIC PLAN ROLL OUT PURPOSE DIALOGUE ACROSS GROUP CORPORATE PURPOSE Clarification of the _ Corporate Purpose 3 pillars for the next _ All Business and Group Corporate drew on 85,000 Strategic Plan:
Slide 39: Supplement
5 SUPPLEMENT
Slide 40: 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 2 1 Q1 2 0 Q1 2 1 Q1 2 0 Q1 2 1 Q1 2 0 Q1 2 1 Q1 2 0 Q1 2 1 Q1 2 0 Net banking incom e 1,847 1,880 1,862
Slide 41: Underlying Data - Reconciliation with Reported Figures
GROUP UNDERLYING DATA - RECONCILIATION WITH REPORTED FIGURES Net profit or losses Income Q1 21 (in EURm) Operating Expenses from Group net income Business tax other assets Reported (4,748) 6 (283) 814 IFRIC 21 linearisation 601 (141) 448 Transformation charges* 50 (14) 36 Corporate Center (1) Underl
Slide 42: Underlying Data - IFRIC Impact
GROUP UNDERLYING DATA - IFRIC 21 IMPACT International Retail Global B anking and French Retail B anking B anking and Financial Corporate Centre Group Inv estor Solutions Serv ices In EUR m Q1 21 Q1 20 Q1 21 Q1 20 Q1 21 Q1 20 Q1 21 Q1 20 Q1 21 Q1 20 Total IFRIC 21 Im pact - costs -156 -122 -94 -94 -5
Slide 43: CRR/CRD4 Prudential Capital Ratios
GROUP CRR/CRD4 PRUDENTIAL CAPITAL RATIOS _Phased-in Common Equity Tier 1, Tier 1 and Total Capital In EURbn 31/ 03/ 2021 31/ 12/ 2020 Shareholder equity Group share 62.9 61.7 Deeply subordinated notes* (9.2) (8.8) Undated subordinated notes* (0.3) (0.3) Dividend to be paid & interest on subordinated
Slide 44: CRR Leverage Ratio
GROUP CRR LEVERAGE RATIO _CRR phased-in Leverage Ratio(1) In EURbn 31/ 03/ 2021 31/ 12/ 2020 Tier 1 Capital 55.3 56.2 Total prudential balance sheet (2) 1,348 1,309 Adjustement related to derivative exposures (95) (119) Adjustement related to securities financing transactions* 11 6 Off-balance sheet
Slide 45: Risk-Weighted Assets
GROUP RISK-WEIGHTED ASSETS* (CRR/CRD 4, IN EUR BN) Total 128.4 355.0 351.9 353.1 125.9 126.8 113.8 47.9 49.2 49.2 Operational 108.0 109.2 6.8 32.2 31.9 31.9 0.1 5.6 19.5 15.3 15.2 Market 99.2 98.9 97.4 5.6 0.2 0.1 5.4 4.4 0.1 4.4 Credit 0.1 0.1 18.8 15.0 14.8 106.9 102.3 103.4 287.6 287.3 288.6 93.6
Slide 46: Geographic Breakdown of SG Group Commitments
GROUP - GEOGRAPHIC BREAKDOWN OF SG GROUP COMMITMENTS AT 31.12.2020 On-and off-balance sheet EAD* Others On-balance sheet EAD* All customers All customers included included: EUR: 3617.749531bn EUR 1 004bn All All customers includedEUR customers included: : EUR 762bn 3065.850601bn Asia-Pacific Africa
Slide 47: Change in Gross Book Outstandings
GROUP CHANGE IN GROSS BOOK OUTSTANDINGS* _End of period in EUR bn Total 529.4 527.7 520.8 530.2 518.6 502.4 504.6 504.8 507.1 175.7 162.4 147.5 154.7 162.2 164.2 160.9 157.5 158.1 Global Banking and Investor Solutions 135.7 134.2 135.5 136.7 International Retail 139.8 138.2 135.9 Banking and Financi
Slide 48: Cost of Risk
GROUP COST OF RISK ( In EUR m ) Q1 21 Q1 2 0 Net Cost Of Risk 123 249 French Retail B anking Gross loan Outstandings 217,606 201,139 Cost of Risk in bp 23 49 Net Cost Of Risk 142 229 International Retail B anking Gross loan Outstandings 130,196 136,407 and Financial Serv ices Cost of Risk in bp 44 6
Slide 49: Non-Performing Loans
GROUP NON-PERFORMING LOANS In EUR bn 31/ 03/ 2021 31/ 12/ 2020 31/ 03/ 2020 Stage 1 book outstandings* 464.9 447.3 485.0 Stage 2 book outstandings* 47.6 49.2 32.0 Doubtful loans (stage 3) 17.4 17.0 16.6 Total Gross book outstandings* 529.8 513.6 533.7 Group Gross non perform ing loans ratio 3.3% 3.3
Slide 50: 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) 40 34 28 30 18 22 23 26 22 Trading VaR* Credit 43 Interest Rates 33 23 Equity 20 18 Forex 16 6 7 10 28 21 Commodities 19 19 13 12 10 11 11 Compensation Effect 13 15 15 19 19 20 20 20 17 4 3 3 2 3
Slide 51: EPS Calculation
GROUP EPS CALCULATION Av erage number of shares (thousands) Q1 21 2020 2019 E xisting shares 853,371 853,371 834,062 Deductions Shares allocated to cover stock option plans and free shares awarded to staff 3,728 2,987 4,011 Other own shares and treasury shares 149 Num ber of shares used to calculate
Slide 52: Net Asset Value, Tangible Net Asset Value
GROUP NET ASSET VALUE, TANGIBLE NET ASSET VALUE End of period Q1 21 2020 2019 Shareholders' equity Group share 62,920 61,684 63,527 Deeply subordinated notes (9,179) (8,830) (9,501) Undated subordinated notes (273) (264) (283) Interest, net of tax, payable to holders of deeply subordinated notes & u
Slide 53: ROE/ROTE Calculation Detail
GROUP ROE/ROTE CALCULATION DETAIL End of period Q1 21 Q1 20 Shareholders' equity Group share 62,920 62,581 Deeply subordinated notes (9,179) (8,258) Undated subordinated notes (273) (288) Interest net of tax payable to holders of deeply subordinated notes & undated subordinated notes, interest paid
Slide 54: French Retail Banking: Net Banking Income
FRENCH RETAIL BANKING NET BANKING INCOME _Change _NBI, in EURm Q1 21 vs. Q1 20 1,880 1,754 1,836 1,845 1,847 -1.8% Fees(2) Commissions(2) +0.8% vs. Q1 20 859 834 855 Other Income (2) 866 +0.8% 780 46 52 39 Net Interest Margin(1)(2) 17 50 +8.2% Net interest margin(1)(2) -5.7% vs. Q1 20 PEL/CEL -5.7%
Slide 55: French Retail Banking: Customer Deposits and Financial Savings
FRENCH RETAIL BANKING CUSTOMER DEPOSITS AND FINANCIAL SAVINGS _Average outstanding, in EURbn _Change Q1 21 vs. Q1 20 +11.3% 318 332 343 349 354 Life Insurance Financial Savings 96 +1.3% 93 94 EUR 108bn 93 Mutual Funds 94 +2.9% 12 +17.8% 10 12 10 11 141 140 +17.5% 132 140 Sight Deposits(1) 119 Deposi
Slide 56: French Retail Banking: Loans Outstanding
FRENCH RETAIL BANKING LOANS OUTSTANDING _Average outstanding, net of provisions in EURbn _Change Q1 21 vs. Q1 20 206 216 222 223 221 +7.3% +1.9% 109 110 Housing 109 111 109 13 13 12 -5.6% 13 Consumer Credit 13 and Overdraft 94 100 99 97 +16.4% 84 Business Customers* 0.2 0.2 0.2 0.2 0.2 -12.2% Financ
Slide 57: International Retail Banking and Financial Services: Quarterly Results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES QUARTERLY RESULTS Financial Services to International Retail Banking Insurance Total Corporates In EUR m Q1 2 1 Q1 2 0 C hange Q1 2 1 Q1 2 0 C hange Q1 2 1 Q1 2 0 C hange Q1 2 1 Q1 2 0 C hange Net banking incom e 1,187 1,293 -3.8%* 236 229 +3.5%* 4
Slide 58: International Retail Banking: Breakdown by Region
INTERNATIONAL RETAIL BANKING BREAKDOWN BY REGION - QUARTERLY RESULTS Africa, Mediterranean bassin and Total International Retail Western Europe Czech Republic Romania Russia (1) Overseas Banking In M EUR Q1 21 Q1 20 Change Q1 21 Q1 20 Change Q1 21 Q1 20 Change Q1 21 Q1 20 Change Q1 21 Q1 20 Change Q
Slide 59: 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 21 vs. March 20 March 21 vs. March 20 18.2 -4.0%* 14.2 Equipment 1.1 Finance(1) +3.4%* +0.8%* 86.5 1.1
Slide 60: SG Russia
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES SG RUSSIA(1) _SG Russia Results In EUR m Q1 2 1 Q1 2 0 Change Net banking incom e 167 212 -3% * Operating expenses (115) (142) -2% * Gross operating incom e 52 70 -6% * Net cost of risk (12) (33) -55% * Operating incom e 40 37 41% * Group net incom
Slide 61: 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) Change Q1 21 /Q1 20 119.9 122.1 122.4 125.6 128.1 279 260 266 266 -2.4%* Unit Linked 259 27% 30% 30% 32% 34% E
Slide 62: Global Banking and Investor Solutions: Quarterly Results
GLOBAL BANKING AND INVESTOR SOLUTIONS QUARTERLY RESULTS Global Markets and Investor Asset and Wealth Total Global Banking and Investor Financing and Advisory Services Management Solutions I n EUR m Q1 2 1 Q1 2 0 C hange Q1 2 1 Q1 2 0 C hange Q1 2 1 Q1 2 0 C hange Q1 2 1 Q1 2 0 C hange Net banking in
Slide 63: Global Banking and Investor Solutions: Risk-Weighted Assets
GLOBAL BANKING AND INVESTOR SOLUTIONS RISK-WEIGHTED ASSETS _Global Markets and Investor Services (in EURbn) 67.0 63.5 63.1 24.7 24.0 24.0 16.8 13.6 13.0 25.5 25.9 26.1 Q1 20 Q4 20 Q1 21 Operational _Financing and Advisory (in EURbn) Market _Asset and Wealth Management (in EURbn) Credit 53.2 53.1 54.
Slide 64: Global Banking and Investor Solutions: Revenues
GLOBAL BANKING AND INVESTOR SOLUTIONS REVENUES _Global Markets and Investor Services Revenues (in EURm) _Asset and Wealth Management Revenues (in EURm) 4 5 5 5 40 4 175 Securities 50 64 47 53 Others Services 145 625 153 Lyxor 149 569 414 Fixed Income and 187 150 176 162 173 Private Currencies 153 70
Slide 65: 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) 111 114 114 116 121 140 154 126 132 133 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 _Securities Services: Assets under Custody (in EURbn)
Slide 66: Recognised Expertise: League Tables, Rankings, Awards
GLOBAL BANKING AND INVESTOR SOLUTIONS RECOGNISED EXPERTISE: LEAGUE TABLES - RANKINGS - AWARDS AWARDS LEAGUES TABLES AND RANKINGS GLOBAL BANKING & ADVISORY GLOBAL MARKETS ASSET&WEALTHMANAGEMENT INSTITUTIONAL INVESTOR 2020 2020 GLOBAL FIXED INCOME RESEARCH SURVEY GLOBAL FINANCE RISK MAGAZINE #2 Invest
Slide 67: Financing & Advisory: Supporting Clients in Their Transformations
FINANCING & ADVISORY SUPPORTING CLIENTS IN THEIR TRANSFORMATIONS MANTOVERDE USD 572m – Largest mining project finance since the sanitary crisis, CLIENT PROXIMITY Financial Advisor, MLA contributing to meet the surging demand for copper for use in electric INNOVATION vehicles PRODUCT EXCELLENCE HASLT
Slide 68: Methodology (1/2)
METHODOLOGY (1/2) 1 – The financial information presented for the first quarter ended 31 March 2021 was reviewed by the Board of Directors on 5 May 2021 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 69: Methodology (2/2)
METHODOLOGY (2/2) 7 – ROE, RONE, ROTE The notion of ROE (Return On Equity) and ROTE (Return On Tangible Equity), as well as the methodology for calculating it, are specified on pages 43 and 44 of Societe Generale’s 2021 Universal Registration Document. This measure makes it possible to assess return
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