Hsbc Holdings Plc · LSE:HSBA
Hsbc — Non-Deal Roadshow (February 2023)
12 slides from Hsbc's roadshow presentation, February 2023
Slide 1: HSBC US February 2023 Business Update
HSBC US February 2023 Business Update
Slide 2: HSBC USA has been fundamentally transformed over the past three years
HSBC USA has been fundamentally transformed over the past three years Pre-Transformation (2019) Post-Transformation (2022) 2019-2022 Change (%) A universal bank supporting international and domestic An international client-centric wholesale bank with a wholesale and mass market retail clients ta
Slide 3: We have completed all key transformation actions on schedule
We have completed all key transformation actions on schedule Retail/Wealth: Merged Private Banking and Retail Banking into Wealth & Personal Banking (WPB) Exited ~90% of the branch network Divested mass market retail and open market credit cards Wholesale: Migrated Fixed Income and Structure
Slide 4: The US is integral to HSBC Group's strategy and value proposition
The US is integral to HSBC Group’s strategy and value proposition HSBC US is a top 5 US dollar clearer2… >50% of HSBC US wholesale client business goes to Asia and the Middle East Market Annual USD clearing value, 20162 Share 2022 Wholesale client business3 10% Rest of World Peer 1 #1 19% Domestic 3
Slide 5: WPB has been transformed from a retail to wealth-driven business
WPB has been transformed from a retail to wealth-driven business Overview 2021-2022 revenue walk $m Repositioned as an international wealth platform for globally mobile and affluent clients 1,102 Divested mass market retail banking and credit cards in 2022 981 Exited ~70% of client base, retai
Slide 6: US financial overview
US financial overview Adjusted income statement Adjusted PBT by business $m $m 2021 2022 +8% 2022 vs. 2021 Growth YoY (%) 973 Revenue 4,008 (12) - 897 +22% (42)% ECLs (20) (225) >(100%) 587 567 480 +415% Operating expenses (3,015) 313 (9%) 327 Adjusted PBT 973 76 8% 186 Significant items (324) 45 (1
Slide 7: Appendix
Appendix 7
Slide 8: Americas 2022 financial overview
Americas 2022 financial overview Adjusted income statement Americas region trends and opportunities $m Rest of Latin Trade is rebounding faster than GDP7 (+18% YoY growth in US Canada Mexico America USMCA imports and exports) Revenue 4,008 1,951 2,768 1,055 ECLs (20) (84) (507) (54) Operating expens
Slide 9: USA financial performance
USA financial performance FY22 FY21 $m WPB CMB GBM CC Total $m WPB CMB GBM CC Total Revenue 981 1,174 1,706 148 4,008 Revenue 1,102 1,031 1,716 172 4,020 ECL 35 (22) (33) — (20) ECL 21 26 158 — 205 Operating expenses (830) (565) (1,346) (276) (3,015) Operating expenses (1,182) (577) (1,307) (262) (3
Slide 10: Footnotes
Footnotes 1. Primarily due to the sale of mass market retail banking and credit cards in 2022 2. Clearing House Interbank Payments System (CHIPS) and Fedwire Funds Service 2016 (most recent available date) 3. Client business differs from reported revenue as it relates to certain client specific inco
Slide 11: Disclaimer
Disclaimer Important notice The information, statements and opinions set out in this presentation and accompanying discussion (“this Presentation”) are for informational and reference purposes only and do not constitute a public offer for the purposes of any applicable law or an offer to sell or sol
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