Credit Agricole Sa · EURONEXT:ACA
Credit Agricole Sa — Q4 2021 Earnings Presentation
19 slides from Credit Agricole Sa's earnings presentation, Feb 10, 2022
Slide 1: Results for the 4th Quarter and Full Year 2021
WORKING EVERY DAY IN THE INTEREST OF OUR CUSTOMERS AND SOCIETY RESULTS FOR THE 4TH QUARTER AND FULL YEAR 2021 X xx
Slide 2: Working every day in the interest of our customers and society
Working every day in the interest of our customers and society Dominique Lefebvre RESULTS FOR THE 4TH QUARTER AND FULL YEAR 2021 • “We are committed to our performance. It is our responsibility to support all customers and society through transitions” 2 RESULTATS DU 4EME TRIMESTRE ET DE L’ANNÉE 2021
Slide 3: Working every day in the interest of our customers and society
Working every day in the interest of our customers and society Philippe Brassac RESULTS FOR THE 4TH QUARTER AND FULL YEAR 2021 • “The Group upholds its long-term commitments and, on 22 June, will present a new development plan to accelerate transitions” 3 RESULTATS DU 4EME TRIMESTRE ET DE L’ANNÉE 20
Slide 4: Crédit Agricole Group Key Figures
GROUPE CRÉDIT AGRICOLE CRÉDIT AGRICOLE GROUP KEY FIGURES Q4 2021 12 2021 Stated Net income €2,354m €9,101m Group share x 4.4 +94.1% 2021/2020 Specific items €44m €589m Cost/income 62.0% ratio(2) -2,3 pp Q4/Q4 T4/T4 Underlying net income €8,512m €2,311m group share +61.7% T4/T4 +38.9% 2021/2020 Under
Slide 5: CASA Key Figures
CRÉDIT AGRICOLE S.A. CASA KEY FIGURES 59.2% Stated net income €1,428m €5,844m Cost/income -1.3pp Q4/Q4 group share x 11.5 (1) x 2.2 ratio(3) 57.8% -1.8 pp 2021/2020 Specific Items €-7m €447m Underlying net €1,435m €5,397m Solvency 11.9% income group share +47.2% Q4/Q4 +40.2% 2021/2020 Phased-in CET1
Slide 6: Targets for the Ambition 2022 plan reached a year early
TARGETS FOR THE “AMBITION 2022” PLAN REACHED A YEAR EARLY Revenue growth(1) for the past 5 years REVEN U E : GR OWTH Q / Q SI N CE 2 0 1 7 Q1/Q1 Q2/Q2 Q3/Q3 Q4/Q4 2022 MTP Achieved Crédit Agricole S.A. 2018 Targets 2021 5 829 5 779 5 508 5 535 5 299 Net income Group share(1) €5bn €4.4bn €5.4bn 5 137
Slide 7: Mutualist model: over three quarters of net income retained
OUR MUTUALIST AND CO-OPERATIVE MODEL MEANS THAT MORE THAN OVER THREE QUARTERS OF OUR NET INCOME IS RETAINED SO THAT IT CAN BE REINVESTED INTO THE ECONOMY 28% AT1 coupons 17% +€353m Shareholders and 19% members €1,594m (6) 6% 2% 3% Retained net income €7,154m Crédit Agricole Group profit-sharing in 2
Slide 8: Performances that show our commitment
CRÉDIT AGRICOLE S.A. CRÉDIT AGRICOLE GROUP PERFORMANCES THAT SHOW OUR COMMITMENT #1 #1 #1 Provider of financing to Private employer Contributor to French the French economy in France tax and society #1 Private provider of #1 Out of 30 banks, the only one financing for renewable whose “green” financi
Slide 9: Profitability and solvency among the best in Europe
Working every day in the interest of our customers and society Jérôme Grivet RESULTS FOR THE 4TH QUARTER AND FULL YEAR 2021 Profitability and solvency among the best in Europe 9 RESULTATS RESULTS FOR 4EME2ND DUTHE TRIMESTRE QUARTERET AND ST HALF OF DE1L’ANNÉE 2021 2021
Slide 10: Regional Banks: dynamic activity and solid results
GROUPE CRÉDIT AGRICOLE REGIONAL BANKS Dynamic activity and solid results Customer assets Underlying data Q4 2021 2021 Revenues €3,596m €14,011m +6.6% T4/T4 +5.9% 21/20 Costs excluding -€2,337m -€8,986m SRF(1) +1.2% T4/T4 +3.3% 21/20 Loans outstanding Gross operating €1,258m €4,883m income +18.5% T4/
Slide 11: Crédit Agricole S.A.: increase in net income in all business lines
CRÉDIT AGRICOLE S.A. CRÉDIT AGRICOLE S.A. Increase in net income in all business lines Underlying data Q4 2021 2021 12M/12M change in Net income(2) by business line Revenues €5,779m €22,651 12M/12M change in Net income Group share, by business line +9.1% T4/T4 +9.1% 21/20 Costs excluding -€3,423m -€
Slide 12: Asset quality and cost of risk
GROUPE CRÉDIT AGRICOLE CRÉDIT AGRICOLE S.A. ASSET QUALITY AND COST OF RISK Low doubtful loans ratio, maintaining prudent provisioning NPL ratio Coverage ratio(1) Crédit Agricole S.A. Crédit Agricole S.A. Regional Banks Crédit Agricole S.A.(1) Regional Banks(1) 1.6% 28 bp / 29 bp (2) (3) 2.5% 3.4% 1.
Slide 13: Constantly renewed organic growth, reinforced by partnerships
CRÉDIT AGRICOLE GROUP CONSTANTLY RENEWED ORGANIC GROWTH... An attractive relational model: 1,700,000 new retail banking customers in 2021 (1,200,000 Regional Bank customers) Insurance equipment rate: +1pp RB Dec21/Dec20, +1.1pp LCL, +1.9pp CA Italia …REINFORCED BY PARTNERSHIPS AND TARGETED ACQUISITI
Slide 14: Business lines: Asset gathering
CRÉDIT AGRICOLE S.A. BUSINESS LINES Asset gathering CREDIT AGRICOLE ASSURANCES AMUNDI Wealth management o Savings/retirement: share of unit linked products in gross o €2,064 billion assets under management o Revenues were dynamic inflows at 42.0% (+5.8 pp Q4/Q4) (+4.4% Q4/Q4) thanks to the o Net inf
Slide 15: Business lines: Retail banking
CRÉDIT AGRICOLE S.A. BUSINESS LINES Retail banking LCL CRÉDIT AGRICOLE ITALY INTERNATIONAL o Customer capture: 335,000 new customers in 2021 o Continued CreVal business integration o Strong growth in commercial activity in Poland, Ukraine and Egypt (customer o Loans: outstanding loans +5.0% Dec/Dec,
Slide 16: Business lines: Large customers
CRÉDIT AGRICOLE S.A. BUSINESS LINES Large customers CACIB CACEIS o Financing activities: good performance across all business lines, o Growth in outstandings: Assets under Custody +9,1% Dec/Dec to from structured finance (+24.3% Q4/Q4) to commercial banking €4.6tn, Assets under Administration +10.6%
Slide 17: Business lines: Specialised financial services
CRÉDIT AGRICOLE S.A. BUSINESS LINES Specialised financial services CACF CAL&F o Commercial production increased (+6% Q4/Q3, +1% Q4/Q4) o Commercial leasing production was strong (+57.4% Q4/Q3, 25.8% o Production of auto JVs was up (+4% Q4/Q3) despite shortages Q4/Q4) thanks to property lease financi
Slide 18: Proposed dividend for 2021: €1.05 per share
PROPOSED DIVIDEND FOR 2021: €1.05 PER SHARE* Distributed value in 2021 for Cost of risk (5) Taxes (3) 1 576 m€ Minority shareholders of subsidiaries Crédit Agricole S.A. 3 784 m€ 1 005 m€ 7% Others (4) 17% 4% 348 m€ Published revenue of €22,657m 1% Retained net income 2 315 m€ Stated net income Supp
Slide 19: RESULTATS DU 4 EME TRIMESTRE ET DE L’ANNÉE 2021
19 RESULTATS DU 4EME TRIMESTRE ET DE L’ANNÉE 2021