Societe Generale S.a. Class A · EURONEXT:GLE
Societe Generale S.a. Class A — Q4 2024 Earnings Presentation
77 slides from Societe Generale S.a. Class A's earnings presentation, Feb 6, 2025
Slide 1: Societe Generale Group Results
Societe Generale Group Results Fourth quarter and full year 2024 results
Slide 2: Disclaimer
Disclaimer The financial information on Societe Generale for its fourth management or not currently considered material, and there forecasts) and our own internal estimates. We have not quarter and full year 2024 financial results comprises this can be no assurance that anticipated events will occur
Slide 3: 2024, strong performance driving higher distribution
2024, strong performance driving higher distribution 2024 Main KPIs All targets exceeded ahead of plan Revenues Excellent 2024 results with all targets exceeded +7% vs. 2023 at EUR 26.8bn Strong positive jaws vs. 2023 with revenues up 7% and stable costs Cost / Income ratio -4.8pp vs. 2023 at 69.0%
Slide 4: All targets exceeded ahead of plan
All targets exceeded ahead of plan Solid revenues Improved operating leverage Strong capital build-up Annual revenues (in EURm) Annual C/I ratio (in %) CET1 ratio (in %) +6.7% -4.8pp +20bps 26,788 73.8% 13.3% 25,104 69.0% 13.1% 2024 Target 2024 Target 2024 Target ≥+5% <71% >13% 2023 2024 2023 2024 2
Slide 5: A strong contribution of all businesses
A strong contribution of all businesses French Retail, Private Global Banking & Mobility, International Retail Banking and Insurance Investor Solutions Banking and Financial Services RONE (in %) RONE (in %) RONE (in %) 6.3% 18.4% 16.6% 14.8% 12.2% 3.9% 2023 2024 2023 2024 2023 2024 Strong rebound in
Slide 6: Improved shareholders’ remuneration
Improved shareholders’ remuneration Strong increase in 2024 distribution New distribution policy Total distribution: EUR 1,740m(1), +75% versus 2023 Eq. to EUR 2.18 per share(1), representing ~7% of SG Market Recurring distribution Excess capital allocation Capitalisation(2) Cash dividend Share buyb
Slide 7: 2025: drive for growth and commercial development
2025: drive for growth and commercial development French Retail, Mobility, International Global Banking & Private Banking and Retail Banking and Investor Solutions Insurance Financial Services Commercial momentum with a focus on client Global Markets revenues expected at the higher Continued executi
Slide 8: 2025 financial targets in line with the CMD
2025 financial targets in line with the CMD REVENUES COSTS C/I RATIO >+3%(1) >-1%(1) <66% vs. 2024 vs 2024 in 2025 COST ROTE OF RISK 25-30bps >8% in 2025 in 2025 (1) Excluding asset disposals Based on macro-economic scenario assumptions presented in appendix 4TH QUARTER AND FULL YEAR 2024 RESULTS I
Slide 9: Main 2024-2025 drivers of revenues and costs
Main 2024-2025 drivers of revenues and costs Revenues (in EURm) Costs (in EURm) Growth 26.8 ~1.2 >+3%(1) ~25.6 18,5 ~0,8 Net cost ~17,7 decrease >-1%(1) 2024 Disposals 2024 2025 2024 Disposals 2024 2025 post post disposals disposals Last short-term hedge impact on NII in French Retail in 2024 Strong
Slide 10: 2025 targets: C/I ratio, cost of risk and ROTE
2025 targets: C/I ratio, cost of risk and ROTE Improved Stable Increased Cost / income ratio (in %) cost of risk (in bps) ROTE (in %) 69% <66% 26 25-30 >8% 6.9% 2024 2025 2024 2025 2024 2025 GOI up >6% 2025 target in line with the 2024-2026 Increase in profitability mainly guidance through a strong
Slide 11: 1. Group performance
1. Group performance SOCIETE GENERALE
Slide 12: Drivers for revenue and cost evolution in Q4 24
Drivers for revenue and cost evolution in Q4 24 Q4 24 Revenues (EURm) Q4 24 Operating Expenses (EURm) +11.1% -1.5% +272 +40 +48 6,621 4,666 +46 -26 -91 +304 5,957 4,595 Q4 23 FRPBI(1) GBIS(2) MIBS(3) Corporate Q4 24 Q4 23 Bernstein Transformation Net cost Q4 24 Centre charges Decrease(4) French Reta
Slide 13: 2024 cost of risk at the lower end of guidance
2024 cost of risk at the lower end of guidance Cost of risk(1) Total S1/S2 provisions(2) (in EURm) In bps In EURm 4.2% 4.7% 4.9% 5.0% 4.5% Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 2023 2024 3,769 3,572 3,122(3) 3,119(3) Group 24 27 26 27 23 17 26 French Retail, Private Banking 2,282 27 41 29 30 20 20 30 2,503
Slide 14: Strong capital build up, +20bps in 2024
Strong capital build up, +20bps in 2024 Change in CET1 ratio(1) (in bps) Risk-weighted assets (in EURbn) 389 392 390 +20bps -15bps -5bps +11bps 13.3% 13.2% 13.1% Q4 23 Q3 24 Q4 24 Disposal effect(3) +27bps capital generation -16bps distribution Main regulatory ratios Requirements Ratios(1) CET1 10.2
Slide 15: Liquidity profile and deposit base
Liquidity profile and deposit base Robust balance sheet(1) Diversified deposit base Funded balance sheet(2) in EURbn as of Q4 24 In EURbn as of Q4 24 952 948 952 948 Net deposits in 62 61 Short term wholesale funding central banks 193 French retail HQLA⁽³⁾ 94 Mobility, International Retail Banking &
Slide 16: Group results
Group results In EURm Q4 24 Q4 23 Change 2024 2023 Change Net banking income 6,621 5,957 +11.1% +12.5%* 26,788 25,104 +6.7% +5.7%* Operating expenses (4,595) (4,666) -1.5% -0.7%* (18,472) (18,524) -0.3% -1.6%* Gross operating income 2,026 1,291 +57.0% +61.3%* 8,316 6,580 +26.4% +26.6%* Net cost of r
Slide 17: 2. Business performance
2. Business performance SOCIETE GENERALE
Slide 18: SG network, Private Banking and Insurance
1 - FRENCH RETAIL, PRIVATE BANKING AND INSURANCE SG network, Private Banking and Insurance -4% -1% Loans and deposits outstanding of SG network Av. loans outstanding vs. Q4 23 Av. deposits outstanding vs. Q4 23 In EURbn In EURbn Loans outstanding -2.5% vs. Q4 23 excluding PGE, growing corporate loan
Slide 19: BoursoBank
1 - FRENCH RETAIL, PRIVATE BANKING AND INSURANCE BoursoBank +461k -17% New client onboarding in Q4 24 Cost-to-Serve vs. 2023 Client activity In ′000 Basis 100 in 2022 / per FTE Above target at 7.2m clients, +461k new clients in Q4 24 566 Comprehensive banking offer and recognized among the 461 “Digi
Slide 20: French Retail, Private Banking and Insurance
1 - FRENCH RETAIL, PRIVATE BANKING AND INSURANCE French Retail, Private Banking and Insurance Highlights Income Statement In EURm Q4 24 Q4 23 Change 2024 2023 Change Revenues +8% vs. 2023, +15% vs. Q4 23 Net banking income 2,267 1,963 +15.5% 8,657 8,053 +7.5% Of which net interest income 1,091 801 +
Slide 21: Global Markets and Investor Services
2 - GLOBAL BANKING AND INVESTOR SOLUTIONS Global Markets and Investor Services Revenues +4.5% vs. 2023, +9.8% vs. Q4 23 Global Markets revenues +5.6% vs. 2023, +9.5% vs. Q4 23 Q4 24 Global Markets revenues(1) 2024 Global Markets revenues(1) (EURm) (EURm) Equities +12.2% vs. 2023, +10.0% vs. Q4 23 5,
Slide 22: Financing and Advisory
2 - GLOBAL BANKING AND INVESTOR SOLUTIONS Financing and Advisory Revenues +5.8% vs. 2023, +16.7% vs. Q4 23 Q4 24 F&A revenues(1) 2024 F&A revenues(1) (EURm) (EURm) Global Banking and Advisory +3.2% vs. 2023, +13.7% vs. Q4 23 3,438 3,369 3,566 970 964 Second best quarter ever in terms of revenues, cl
Slide 23: Global Banking and Investor Solutions
2 - GLOBAL BANKING AND INVESTOR SOLUTIONS Global Banking and Investor Solutions Highlights Income Statement Revenues +5.0% vs. 2023, +12.4% vs. Q4 23 In EUR m Q4 24 Q4 23 Variation 2024 2023 Change Record year since 2009 above the EUR 10bn mark Net banking income 2,457 2,185 +12.4% +11.6%* 10,122 9,
Slide 24: International Retail Banking
3 - MOBILITY, INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES International Retail Banking Revenues: +3%* vs. Q4 23 +5%(1) +4%(1) Loans outstanding vs. Q4 23 Deposits outstanding vs. Q4 23 Europe In EURbn In EURbn Strong commercial activity across the board 53.3 55.2 54.6 . Loans outstanding up
Slide 25: Mobility and Financial Services
3 - MOBILITY, INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES Mobility and Financial Services Revenues: +8% vs. Q4 23 Q4 24 M&FS revenues 2024 M&FS revenues (EURm) (EURm) Ayvens revenues +16% vs. Q4 23, +2% excl. non-recurring items(1) Increased margin revenues +12%(1) vs. Q4 23 at 541 bps in Q4
Slide 26: Mobility, International Retail Banking and Financial Services
3 - MOBILITY, INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES Mobility, International Retail Banking and Financial Services Highlights Income Statement In EURm Q4 24 Q4 23 Change 2024 2023 Change Net banking income 2,056 2,016 +2.0% +6.7%* 8,458 8,507 -0.6% -3.8%* Revenues stable vs. 2023, +2% v
Slide 27: Corporate Centre
Corporate Centre In EURm Q4 24 Q4 23 Change 2024 2023 Change Revenues Net banking income (159) (207) +23.4% +24.4%* (450) (1,098) +59.0% +59.6%* . Structural risk management (interest rate and FX) Operating expenses (39) (101) -61.8% -61.8%* (224) (220) +1.6% +1.4%* . Excess liquidity Gross operatin
Slide 28: An established ESG strategy from which to step forward
An established ESG strategy from which to step forward Redirect finance towards decarbonising activities Strengthen ESG risk management ~70% of corporate financed emissions(1) covered by 10 targets(2) Enhanced forward-looking assessments of environmental risk materiality >50% upstream Oil & Gas expo
Slide 29: 3. Conclusion
3. Conclusion SOCIETE GENERALE
Slide 30: 2024 financial targets met, further improvement in 2025
2024 financial targets met, further improvement in 2025 2024 2025 2026 2023 TARGETS 2024 TARGETS TARGETS -8% ≥+5% +6.7%(1) >+3%(2) REVENUES REVENUES vs. 2022 vs. 2023 i.e. ~-1.5% vs. 2023 vs. 2024 0%-2% CAGR2022-2026 CAGR 2022-2024 COST / INCOME RATIO 73.8% <71% 69.0%(1) <66% C/I RATIO <60% in 2023
Slide 31: 4. Supplement
4. Supplement SOCIETE GENERALE
Slide 32: 2025-2026 economic assumptions
2025-2026 economic assumptions GDP Growth (% YoY) Inflation rate (% YoY) 2.6% 2.8% 2.5% 2.6% 1.8% 2.3% 2.0% 1.5% 2.0% 1.9% 1.1% 1.0% 1.1% 0.9% 0.9% 2024e 2025e 2026e 2024e 2025e 2026e Eurozone France U.S Eurozone France U.S 10 Y government bonds (%, end of period) Euribor (%, end of period) 3.8% 3.7
Slide 33: Exceptional items
Exceptional items In EURm Q4 24 Q4 23 12M24 12M23 Net Banking Income - Total exceptional items 0 41 287 (199) One-off legacy items - Corporate Centre 0 41 0 (199) Exceptional proceeds received - Corporate Centre 0 0 287 0 Operating expenses - Total one-off items and transformation charges (76) (102)
Slide 34: Q4 income statement by core business
Group Q4 24 income statement by core business French Retail, Private Banking Global Banking and Investor Mobility, International Retail Corporate Centre Group and Insurance Solutions Banking & Financial Services In EURm Q4 24 Q4 23 Q4 24 Q4 23 Q4 24 Q4 23 Q4 24 Q4 23 Q4 24 Q4 23 Net banking income 2
Slide 35: 2024 income statement by core business
Group 2024 income statement by core business French Retail, Private Banking Global Banking and Investor Mobility, International Retail Corporate Centre Group and Insurance Solutions Banking & Financial Services In EURm 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 Net banking income 8,657 8,053
Slide 36: IFRIC impact
Group IFRIC 21 impact Total IFRIC 21 Impact o/w Resolution Funds - costs In EURm 2024 2023 2024 2023 French Retail, Private Banking and Insurance (47) (167) 0 (112) Global Banking and Investor Solutions (106) (581) 0 (481) Global Markets and Investor Services (85) (421) 0 (357) Financing and Advisor
Slide 37: CRR2/CRD5 prudential capital ratios
Group CRR2/CRD5 prudential capital ratios Phased-in Common Equity Tier 1, Tier 1 and Total Capital In EURbn 31.12.2024 31.12.2023 Shareholder equity Group share 70.3 66.0 Deeply subordinated notes(1) (10.5) (9.1) Distribution to be paid(2) & interest on subordinated notes (1.9) (1.1) Goodwill and in
Slide 38: CRR2 leverage ratio
Group CRR2 leverage ratio CRR2 phased-in Leverage Ratio(1) In EURbn 31.12.2024 31.12.2023 Tier 1 Capital 62.6 60.5 Total prudential balance sheet(2) 1,407 1,397 Adjustments related to derivative financial instruments 2 0 Adjustments related to securities financing transactions(3) 14 14 Off-balance s
Slide 39: TLAC and MREL ratios
Group TLAC and MREL ratios TLAC Q4 24 ratios MREL Q4 24 ratios % RWA EUR bn % Leverage % RWA EUR bn % Leverage 34.2% EUR 133bn 29.7% EUR 116bn SP SNP 4.5% 18 SP T2 ⁽¹⁾ 27.6% SNP 10.8% 42 22.3% AT1 T2 ⁽¹⁾ 10.8% 42 CET1 AT1 2.9% 11 CET1 2.9% 11 2.8% 11 EUR 116bn o.w. 2.8% 11 EUR 116bn 9.2% 8% junior d
Slide 40: Risk-weighted assets
Group Risk-weighted assets(1) (CRR2/CRD5, in EUR bn) 392.3 389.5 388.8 50.7 50.1 50.1 130.0 129.4 127.3 11.0 12.2 120.3 120.3 120.9 120.8 12.5 118.5 7.6 7.7 118.5 5.2 5.2 5.2 0.2 7.5 0.2 29.4 0.0 0.0 0.0 0.1 29.3 29.8 Total 10.7 10.4 9.4 Operational Market 326.2 330.6 327.2 122.2 121.5 113.3 115.1 1
Slide 41: Geographic breakdown of SG Group commitment
Group Geographic breakdown of SG Group commitment at 31.12.2024 On-and off-balance sheet EAD(1) All customers included: EUR 1,133bn Africa and Middle East 2% Latin America and Asia Pacific 6% Caribbean 1% Eastern Europe (EU) 8% France 44% North America 17% Western Europe (excl. France) 22% (1) Total
Slide 42: Change in gross book outstandings
Group Change in gross book outstandings(1) End of period in EURbn 586.1 597.0 597.8 592.0 Total 572.4 568.5 566.6 557.6 571.0 139.3 163.5 164.3 166.7 137.8 141.9 142.7 142.9 Mobility, International Retail Banking & 141.1 Financial Services Global Banking and Investor Solutions 182.9 170.7 171.7 173.
Slide 43: Cost of risk
Group Cost of risk In EURm Q4 24 Q4 23 2024 2023 Net Cost Of Risk 115 163 712 505 French Retail, Private Banking and Gross loan Outstandings 233,298 240,533 235,539 246,701 Insurance Cost of Risk in bp 20 27 30 20 Net Cost Of Risk 97 38 126 30 Global Banking and Investor Solutions Gross loan Outstan
Slide 44: Non-performing loans
Group Non-performing loans In EUR bn 31.12.2024 30.09.2024 31.12.2023 Performing loans 496.9 495.5 535.5 ⁽¹⁾ inc. Stage 1 book outstandings 443.4 447.1 480.5 inc. Stage 2 book outstandings 39.6 34.4 39.4 Non-performing loans 14.4 15.1 16.1 inc. Stage 3 book outstandings 14.4 15.1 16.1 Total Gross bo
Slide 45: Sovereign exposure by geography
Sovereign exposure by geography Bank i ng b ook Trad i ng b ook o/w Financial assets o/w Financial assets at FV o/w Financial assets at FV F i nanci al asse t s at F V Tot al Tot al at amortised cost through OCI through P&L t hrough P &L (A + B) (A) o/w Central (B) In EUR bn, as of 31 December 2024
Slide 46: Limited and sound commercial real estate exposure
Limited and sound commercial real estate exposure Diversified exposure European portfolio US portfolio Commercial real estate gross exposure by geography (%) European commercial real estate gross exposure by asset class (%) US commercial real estate gross exposure by asset class (%) 5% 2% France Off
Slide 47: Residual Russian exposure
Residual Russian exposure Limited Russian exposure Offshore Exposure breakdown Offshore portfolio reduced by more than -84% Corporate gross exposure by type as of 31 December 24 Evolution of exposure at default (EUR bn) 5% 3.2 15% 2.6 ECA-backed 1.8 1.6 Pre-export Finance 1.0 0.9 0.5 Term Loan 79% 3
Slide 48: Focus on exposures
Focus on exposures Corporate portfolio breakdown Most sensitive exposures Corporate EAD(1) in each sector(2) in % of total group EAD at 31.12.2024 Total group EAD: EUR 1,133bn COMMERCIAL REAL ESTATE: ~2% of total Group EAD Financial services 6.9% Utilities 3.0% Real Estate 2.6% CONSTRUCTION: ~1.2% o
Slide 49: Change in trading VaR and stressed VaR
Group Change in trading VaR(1) and stressed VaR(2) Quarterly Average of 1-Day, 99% Trading VaR(1) (in EURm) 24 25 27 24 24 17 18 16 19 23 18 18 15 12 __ Trading VaR(1) 14 10 9 10 Credit 18 17 15 14 17 8 Interest Rates 10 8 9 Equity 11 12 14 14 13 14 16 Forex 11 12 2 Commodities 2 2 2 2 2 1 1 1 1 1 1
Slide 50: Long term funding program
Long term funding program 2025 vanilla long-term funding program well advanced 2025 long-term vanilla funding program of ~ EUR 17bn Already well advanced with a 47% execution rate Program Issued* (in EURbn) (in EURbn) Secured notes - - 2024 vanilla funding program fully completed, with ~ EUR 18bn of
Slide 51: Liquid asset buffer
Group Liquid asset buffer Liquid Asset Buffer (in EURbn) 326 Strong liquidity reserves at EUR 315bn in Q4 24 316 316 33 322 315 28 28 40 43 . Significant part of cash at Central Banks 74 81 (EUR 190bn as of Q4 24 vs. EUR 214bn as of Q4 23) 81 97 82 . HQLA securities (EUR 82bn net of haircuts) mostly
Slide 52: EPS calculation
Group EPS calculation Average number of shares (thousands) 2024 2023 2022 Existing shares 801,915 818,008 845,478 Deductions Shares allocated to cover stock option plans and free shares awarded to staff 4,402 6,802 6,252 Other own shares and treasury shares 2,344 11,891 16,788 Number of shares used
Slide 53: Net asset value, tangible net asset value
Group Net asset value, tangible net asset value End of period (in EURm) 2024 2023 2022 Shareholders' equity Group share 70,256 65,975 66,970 Deeply subordinated and undated subordinated notes (10,526) (9,095) (10,017) Interest payable to holders of deeply & undated subordinated notes, issue premium
Slide 54: ROE/ROTE calculation detail
Group ROE/ROTE calculation detail End of period (in EURm) Q4 24 Q4 23 2024 2023 Shareholders' equity Group share 70,256 65,975 70,256 65,975 Deeply subordinated and undated subordinated notes (10,526) (9,095) (10,526) (9,095) Interest payable to holders of deeply & undated subordinated notes, issue
Slide 55: French Retail, Private Banking and Insurance Q4 and 2024 results
French Retail, Private Banking and Insurance Q4 24 and 2024 results French Retail, Private Banking French Retail, Private Banking O.w Insurance O.w Insurance and Insurance and Insurance In EURm Q4 24 Q4 23 Change Q4 24 Q4 23 Change 2024 2023 Change 2024 2023 Change Net banking income 2,267 1,963 +15
Slide 56: French Retail, Private Banking and Insurance Net banking income
French Retail, Private Banking and Insurance Net banking income NBI (in EURm) 2,254 2,267 2,125 166 169 2,010 +15.5% 173 Commissions 1,963 166 149 #REF! vs. Q4 23 Insurance Revenues 1,034 1,028 1,027 948 1,018 +15.3% Fees Net interest margin -133.2% Net Interest Margin #REF! vs. Q4 23 1,062 1,094 +3
Slide 57: Customer deposits and financial savings
French Retail, Private Banking and Insurance Customer deposits and financial savings Average outstandings (in EURbn) 475 480 478 467 462 143 145 146 Life Insurance (1) 136 141 Securities, Mutual Funds and Other 31 31 33 33 35 Sight Deposits PEL 133 133 133 130 138 Passbook deposits Regulated Savings
Slide 58: Loans outstanding
French Retail, Private Banking and Insurance Loans outstanding Average outstandings, net of provisions (in EURbn) 234 231 229 228 226 -3.3% 120 119 118 117 116 -3.3% 15 15 14 Housing 14 14 -8.5% Consumer Credit and Overdraft Business 99 98 97 96 96 Customers(1) and -2.9% Financial Institutions 0.2 0
Slide 59: Insurance key figures
French Retail, Private Banking and Insurance Insurance key figures Life Insurance Outstandings and Unit Linked Breakdown (in EURbn) Personal Protection Insurance Premiums (in EURm) 146.1 160 140.5 142.9 144.9 140 136.2 39% 40% 40% 120 39% 350 38% 300 100 268 271 250 80 267 263 259 200 60 150 40 62%
Slide 60: Global Banking and Investor Solutions Q4 results
Global Banking and Investor Solutions Q4 24 results Global Markets and Investor Total Global Banking and Investor Financing and Advisory Services Solutions In EURm Q4 24 Q4 23 Change Q4 24 Q4 23 Change Q4 24 Q4 23 Change Net banking income 1,493 1,360 +9.1%* 964 826 +15.8%* 2,457 2,185 +12.4% +11.6%
Slide 61: Global Banking and Investor Solutions 2024 results
Global Banking and Investor Solutions 2024 results Global Markets and Investor Total Global Banking and Investor Financing and Advisory Services Solutions In EURm 2024 2023 Change 2024 2023 Change 2024 2023 Change Net banking income 6,557 6,273 +4.5%* 3,566 3,369 +5.6%* 10,122 9,642 +5.0% +4.8%* Ope
Slide 62: Key financial indicators
Global Banking and Investor Solutions Key financial indicators Global Markets and Investor Services RWA (in EURbn) Financing and Advisory RWA (in EURbn) 60.4 63.9 67.0 58.0 56.9 60.3 5.8 6.2 5.6 0.9 1.8 1.1 23.5 23.6 23.8 Operational 9.6 7.6 9.6 53.7 55.9 60.3 Market 24.9 25.7 27.0 Credit Q4 23 Q3 2
Slide 63: Global Banking and Investor Solutions Revenues
Global Banking and Investor Solutions Revenues Global Markets and Investor Services Revenues (in EURm) Financing & Advisory Revenues (in EURm) 161 181 169 162 Securities 144 713 571 530 501 Services 881 879 964 460 826 843 Fixed Income and Currencies 869 989 880 755 831 Equities Q4 23 Q1 24 Q2 24 Q3
Slide 64: Financing & Advisory Supporting clients in their transformations
Financing & Advisory Supporting clients in their transformations Client proximity Vivendi Societe Generale acted as Coordinator of the Vivendi separation into four entities, Innovation as Lead Financial Advisor and Listing Agent on Havas (advertising) spin-off and as Coordinator of the spin-off Fina
Slide 65: Recognised expertise: league tables - rankings - awards
Global Banking and Investor Solutions Recognised expertise: league tables - rankings - awards AWARDS & RANKINGS LEAGUE TABLES SUSTAINABLE FINANCE & ESG PRODUCTS GLOBAL MARKETS GLOBAL BANKING & ADVISORY #2 Euro-denominated Sustainability-Linked Bonds #4 Euro-denominated Green, Social and Sustainabili
Slide 66: Mobility, International Retail Banking and Financial Services Q4 24 results
Mobility, International Retail Banking and Financial Services Q4 24 results International Retail Banking Mobility and Financial Services o.w Consumer finance Total In EURm Q4 24 Q4 23 Change Q4 24 Q4 23 Change Q4 24 Q4 23 Change Q4 24 Q4 23 Change Net banking income 1,029 1,068 +3.4%* 1,026 947 +10.
Slide 67: Mobility, International Retail Banking and Financial Services 2024 results
Mobility, International Retail Banking and Financial Services 2024 results International Retail Banking Mobility and Financial Services o.w Consumer finance Total In EURm 2024 2023 Change 2024 2023 Change 2024 2023 Change 2024 2023 Change Net banking income 4,161 4,192 +3.8%* 4,298 4,315 -11.1%* 875
Slide 68: Breakdown by region – Q4 24 results
Mobility, International Retail Banking and Financial Services Breakdown by region – Q4 24 results Czech Republic Romania Africa, Mediterranean basin and Total International Retail Banking Overseas In EURm Q4 24 Q4 23 Change Q4 24 Q4 23 Change Q4 24 Q4 23 Change Q4 24 Q4 23 Change Net banking income
Slide 69: Breakdown by region – 2024 results
Mobility, International Retail Banking and Financial Services Breakdown by region – 2024 results Czech Republic Romania Africa, Mediterranean basin and Total International Retail Banking Overseas In EURm 2024 2023 Change 2024 2023 Change 2024 2023 Change 2024 2023 Change Net banking income 1,310 1,3
Slide 70: Breakdown of loans and deposits outstanding
Mobility, International Retail Banking and Financial Services Breakdown of loans and deposits outstanding Breakdown of Loans Outstanding (in EURbn)(1) Variation* Breakdown of Deposits Outstanding (in EURbn) Variation* Q4 24 / Q4 23 Q4 24 / Q4 23 88.8 15.8 92.5 -1.0%* Sub-total Mobility and Financial
Slide 71: Presence in Africa
Mobility, International Retail Banking and Financial Services Presence in Africa Clients NBI(1) Net income(1) C/I(1) RWA(1) 2.8m EUR 1.9bn EUR 304m 54% EUR 15bn NBI RWA Credits Deposits L/D Ratio Ranking 2024 (in EUR m) (in EUR m) (in EUR m) (in EUR m) Algeria 197 1,890 1,881 2,789 67% n.a. Tunisia
Slide 72: Key ESG targets
Key ESG targets Focused on fossil fuel financing reduction Engaging our business ‒ Oil & Gas: -80% upstream exposure reduction by 2030 vs. 2019, EUR 500bn to support sustainable finance 2024 – 2030: with an intermediary step of -50% in 2025 vs. 2019 - o/w EUR 400bn financing and EUR 100bn bonds ‒ Th
Slide 73: NZBA portfolio alignment targets (1/2)
NZBA portfolio alignment targets (1/2) Societe Generale’s alignment targets are presented in more detail in its NZBA report, July 2024: https://www.societegenerale.com/sites/default/files/documents/CSR/nzba-progress-report-2024.pdf EMISSIONS SECTOR BOUNDARY METRICS SCOPE SCENARIO BASELINE & TARGET O
Slide 74: NZBA portfolio alignment targets (2/2)
NZBA portfolio alignment targets (2/2) EMISSIONS SECTOR & SCOPE METRICS SCENARIO BASELINE & TARGET SCOPE 671 678 Cement KgCO2e/tcement 535 463 -20% LIMESTONE MANUFACTURING CONCRETES CONSTRUCTION IEA’s NZE2050 QUARRYING INDUSTRY kgCO2e/t cement(1) Scopes 1 & 2 scenario 2022 2023 2030 IEA 2030 Steel 0
Slide 75: External recognition in ESG
External recognition in ESG AGENCIES WORST SCORE BEST AWARDS Sector average SG Bank of the Year for CCC B BB BBB A AA AAA Sustainability for the 2nd Sector time by IFR average SG 60+ 50 40 30 20 Low 0 Risk 19.6 World's Best Bank Transition Sector Euromoney Strategy for the 3rd average SG 2024 consec
Slide 76: Methodology (1/2)
Methodology (1/2) 1 – Net banking income The pillars’ net banking income is defined on page 42 of Societe Generale’s 2024 Universal Registration Document. The terms “Revenues” or “Net Banking Income” are used interchangeably. They provide a normalised measure of each pillar’s net banking income taki
Slide 77: Methodology (2/2)
Methodology (2/2) 7 – The Societe Generale Group’s Common Equity Tier 1 capital is calculated in accordance with applicable CRR2/CRD5 rules. The phased-in ratios include the earnings for the current financial year and the related provision for dividends. The difference between phased-in ratio and fu