Barclays Plc · LSE:BARC
Barclays — Bank of America Merrill Lynch Banking & Insurance CEO Conference 2009
15 slides from Barclays's conference presentation, Sep 29, 2009
Slide 1: Bank of America Merrill Lynch Banking & Insurance CEO Conference
Bank of America Merrill Lynch Banking & Insurance CEO Conference 29th September 2009
Slide 2: John Varley, Group Chief Executive
John Varley Group Chief Executive
Slide 3: Group performance
Group performance Half year ended - June 2008 2009 % £m £m change Income 11,843 16,253 37 Operating expenses (6,753) (8,747) 30 Impairment charges (2,448) (4,556) 86 Profit before tax 2,754 2,984 8 Cost:income ratio 57% 54%
Slide 4: BarCap: credit market exposures
BarCap: credit market exposures £bn H1 09 movement Exposure Net Write- sales/ FX/ Other 30 Jun 09 downs payments Commercial Mortgages (0.6) (1.5) (0.9) 9.3 Monolines - (1.4) 0.3 7.3 Leveraged finance (3.2) (0.2) (0.1) 6.9 US Residential Mortgages (2.5) (1.5) (0.5) 6.3 Other - (0.1) (0.4) 0.7 (6.3) (
Slide 5: Credit market exposures - Protium transaction
Credit market exposures - Protium transaction • Restructuring of $12.3 bn of credit market assets • More stable and predictable risk-adjusted returns over time • Assets can be managed with a long-term view of their cashflows • Mitigates potential impact on Barclays of short term market movements and
Slide 6: 2009: Objectives
2009: Objectives • Staying close to customers and clients • Managing our risks • Maintaining strategic momentum
Slide 7: Barclays Capital: top-line income up 119%
Barclays Capital: top-line income up 119% Income £bn H1 07 H1 08 2,000 3.5 H1 09 1.5 1,500 1,000 1.0 0.5 500 00 -500 Rates Credit Equity Investment Commodities Emerging Mortgages Currency Prime Principal Banking Markets & ABS Services Investments
Slide 8: GRCB: International growth
GRCB: International growth UK Number of customers International Income 8,051 £m 49m 22m 7,039 27m 6,132 6,252 4,679 4,513 4,333 Number of distribution points 4,343 1,765 3,372 2,526 4,864 1,789 1,919 3,099 H1 06 H1 07 H1 08 H1 09
Slide 9: Capital ratios
Capital ratios % Core Tier 1 Tier 1 11.7 10.5 8.8 8.6 7.1 5.6 Dec Jun Pro- Dec Jun Pro- 08 09 forma 08 09 forma Jun 09 Jun 09
Slide 10: Balance sheet management
Balance sheet management £bn 31 Dec 08 30 June 09 change Total assets 2,053 1,545 (508) Derivative assets 985 556 (429) Loans & advances 510 465 (45) Other assets 558 524 (34)
Slide 11: Adjusted gross leverage
Adjusted gross leverage £bn 31 Dec 08 30 June 09 Total assets 2,053 1,545 Derivative gross-up (917) (507) AUM on balance sheet (69) (66) Settlement balances (30) (35) Goodwill & Intangible assets (10) (10) Adjusted tangible assets 1,027 927 Tier 1 capital 37 43 Adjusted gross leverage 28x 22x Profor
Slide 12: Liquidity
Liquidity • Increased balance of secured vs unsecured liabilities • Extended maturity of unsecured liabilities • £10bn unguaranteed benchmark issuance since January • Cash & liquid assets increased from £36bn to £88bn
Slide 13: Maintaining strategic momentum
Maintaining strategic momentum • GRCB: Grow proportion of International profit • IBIM: Create global platforms in Equities and M&A • Balance between retail & commercial banking and Barclays Capital
Slide 14: Summary
Summary • Staying close to customers and clients • Managing our risks • Maintaining strategic momentum
Slide 15: John Varley, Group Chief Executive
John Varley Group Chief Executive
Barclays — Bank of America Merrill Lynch Banking & Insurance CEO Conference 2009 on 6ix