Credit Agricole Sa · EURONEXT:ACA
Credit Agricole Sa — Q1 2022 Earnings Presentation
20 slides from Credit Agricole Sa's earnings presentation, May 5, 2022
Slide 1: Working every day in the interest of our customers and society
WORKING EVERY DAY IN THE INTEREST OF OUR CUSTOMERS AND SOCIETY FIRST QUARTER 2022 RESULTS
Slide 2: Philippe Brassac: first quarter 2022 results
Working every day in the interest of our customers and society Philippe Brassac FIRST QUARTER 2022 RESULTS • Regarding the Russia-Ukraine conflict, the Group chooses a cautious provisioning, while the risk on non-performing loans remains low. • The first quarter results are solid, with a dynamic act
Slide 3: A clear position with respect to Ukraine and Russia
GROUPE CRÉDIT AGRICOLE CRÉDIT AGRICOLE S.A. A clear position with respect to Ukraine and Russia • Ukraine - material and financial support to employees and their families - continuity of essential services for customers: 2/3 of agencies are opened and the app is leading in mobile app stores • Russia
Slide 4: Key figures Crédit Agricole S.A. and Group
Key figures Key figures Crédit Agricole S.A. Crédit Agricole Group Q1 2022 Q1 2022 Underlying revenues €5,929m +7.6% Q1/Q1 Underlying revenues €9,601m +5.7% Q1/Q1 Underlying gross operating Underlying gross operating income excl. SRF €2,429m +4.9% Q1/Q1 income excl. SRF €3,709m +3.5 Q1/Q1 Underlying
Slide 5: Strong capital position
GROUPE CRÉDIT AGRICOLE CRÉDIT AGRICOLE S.A. Strong capital position Crédit Agricole Group Crédit Agricole Crédit S.A. S.A. Agricole 17.0% 11.0% Solvency Solvency (Phased-in CET1) +8.1 pp vs. (Phased-in CET1) +3.1 pp vs. SREP i.e., in the MTP target SREP MTP target Confirmation of the commitment to a
Slide 6: The Group recorded a good first quarter
CRÉDIT AGRICOLE S.A. The Group recorded a good first quarter Q1 Q2 Q3 Q4 Q1/Q1 revenues up +7.6% +4.1% Creval and Lyxor pro forma(1) (1) Proforma: the entities Creval (IRB) and Lyxor (AG) were added in 2021 6 RESULTATS DU PREMIER TRIMESTRE 2022
Slide 7: Sustained commercial activity
CRÉDIT CRÉDITAGRICOLE AGRICOLEGROUP S.A. Sustained commercial activity Retail Banking Customer Capture France, Italy and Poland 516,000 Since start of the MTP new customers 6 million new in Q1(1) customers(1) Loan production(2) (RB and LCL – €bn) Property and casualty insurance revenues Consumer cre
Slide 8: Jérôme Grivet
Working every day in the interest of our customers and society Jérôme Grivet FIRST QUARTER 2022 RESULTS “The good performance of our results, in the current context, demonstrates the strength and stability of the Group’s business model.” 8 FIRST QUARTER 2022 RESULTS
Slide 9: Regional Banks: strong business momentum and solid results
GROUPE CRÉDIT AGRICOLE Regional Banks: strong business momentum and solid results Customer assets Underlying data Δ Q1/Q1 Q1 2022 Revenues €3,617m +1.8% Q1/Q1 Expenses Excl. SRF and Deposit -€2,274m Guarantee Fund +2.3% Q1/Q1 Loans outstanding Gross operating €1,133m +5.8% income -1.2% Q1/Q1 Δ∆Q1/Q1
Slide 10: Crédit Agricole S.A. results: excellent underlying momentum
CRÉDIT AGRICOLE S.A. Crédit Agricole S.A. results: excellent underlying momentum Underlying data Q1 2022 Q1/Q1 evolution in underlying net income Group share per intermediate management balance, in €m 12M/12M change in net income Group share, by business line Revenues €5,929m +7.6% Q1/Q1 Expenses -€
Slide 11: Revenues up in all business lines; expenses controlled, excluding SRF
CRÉDIT AGRICOLE S.A. Revenues up in all business lines Expenses controlled, excluding SRF Q1/Q1 evolution in underlying revenues, by business line – Q1/Q1 evolution in underlying expenses excluding SRF, by €m business line – €m +9,6% 307 m€ +48 3 499 +85 +58 +32 +83 3 194 3 193 3 104 T1-19 sous-
Slide 12: Cost/income ratio still below the MTP target
CRÉDIT AGRICOLE S.A. Cost/income ratio still below the MTP target Underlying cost/income ratio excl. SRF Underlying cost/income ratio excl. SRF 12 RESULTATS DU PREMIER TRIMESTRE 2022
Slide 13: Gross operating income excluding SRF up in all business lines
CRÉDIT AGRICOLE S.A. Gross operating income excluding SRF up in all business lines (+7,0% Q1/Q1 excl. Corporate Centre) Underlying cost/income ratio(1) excl. SRF Q1/Q1 evolution in underlying gross operating income excluding SRF by business line in millions of euros +4,9% 114 m€ +83 +12 2 429 +15 +6
Slide 14: Low non-performing loans ratio, cautious provisioning of Ukraine and Russia risks
GROUPE CRÉDIT AGRICOLE CRÉDIT AGRICOLE S.A. Low non-performing loans ratio, cautious provisioning of Ukraine and Russia risks Non-performing loans ratio Coverage ratio(1) Cost of risk(8) Crédit Agricole S.A. Regional Banks Crédit Agricole S.A. Regional Banks Crédit Agricole S.A. 2.4% 3.4% 1.6% 1.8%
Slide 15: Strong capital position
GROUPE CRÉDIT AGRICOLE CRÉDIT AGRICOLE S.A. Strong capital position Crédit Crédit Agricole Agricole S.A. S.A. Crédit Agricole Group 17.0% Solvency 11.0% Solvency (Phased-in CET1) +8.1 pp vs. (Phased-in CET1) +3.1 pp vs. SREP i.e., in the MTP target SREP MTP target Confirmation of the commitment to a
Slide 16: Asset gathering
CRÉDIT AGRICOLE S.A. Asset gathering CREDIT AGRICOLE ASSURANCES AMUNDI Wealth management o Savings/retirement: strong unit-linked product net inflows o €2,021bn assets under management o Assets €133bn at +€2.1bn in Q1 (+3.9% Q1/Q1) o Strong MLT net inflows excluding JVs (+€21.0bn) o Revenues +5.5% Q
Slide 17: Large customers
CRÉDIT AGRICOLE S.A. Large customers CACIB CACEIS o Excellent quarter for financing activities (revenues +11.9% Q1/Q1), record o Growth in assets under custody (€4.35 trillion, +1.3% Q1/Q1) performance for structured financing activities (+16% Q1/Q1) and assets under administration (€2.3 trillion, +
Slide 18: Specialised financial services
CRÉDIT AGRICOLE S.A. Specialised financial services CA Consumer Finance CAL&F o Dynamic commercial activity: production +13% Q1/Q1, including o Dynamic commercial leasing production (+45% Q1/Q1) driven automotive JV production +11% Q1/Q1, despite ongoing shortages in the by property lease financing
Slide 19: Retail banking
CRÉDIT AGRICOLE S.A. Retail banking LCL CRÉDIT AGRICOLE ITALY INTERNATIONAL o Gross customer capture increase Q1/Q1 (+94k new o Legal merger with Creval on 23 April, continued o Strong growth in commercial activity in customers) commercial integration with the expansion of the Poland and Egypt (3),
Slide 20: Beweomacmctes, | fur en rr AciCOLE
Beweomacmctes, | fur en rr AciCOLE