Barclays Plc · LSE:BARC
Barclays — Debt Investor Presentation (July 2017)
17 slides from Barclays's debt investor presentation, Jul 28, 2017
Slide 1: Barclays PLC Fixed Income Investor Call H1 2017 Results Announcement
Barclays PLC Fixed Income Investor Call1 H1 2017 Results Announcement 28 July 2017
Slide 2: Tushar Morzaria, Barclays Group Finance Director
Tushar Morzaria Barclays Group Finance Director 1 (From prior page) This presentation must be read and construed with all applicable law, rules and regulations applicable to Barclays and the information presented herein. You should ensure you have read and fully understood (and consulted with your l
Slide 3: Completed Barclays' restructuring
Completed Barclays‟ restructuring Sold down to target shareholding of c.15% and achieved Africa selldown complete proportional regulatory consolidation CET1 ratio of 13.1%, reflecting strong capital generation CET1 ratio within end-state range from profits and 47bps from Africa selldown Closure on 1
Slide 4: Group financial targets
Group financial targets Returns Group Return on >10% Tangible Equity (RoTE) Capital 150-200 bps above Group regulatory minimum level CET1 ratio ⇒ c.13% Costs Group <60% Cost: income ratio Intend to achieve these targets within a reasonable timeframe 4 | Barclays H1 2017 Fixed Income Investor Results
Slide 5: Dan Hodge, Barclays Group Treasurer
Dan Hodge Barclays Group Treasurer
Slide 6: Strong CET1 and leverage ratio position
Strong CET1 and leverage ratio position Fully Loaded CET1 ratio • CET1 ratio increased to 13.1% at Jun-17. The 70bps increase in the half c.400bps represents – c.65bps from profit generation – c.47bps from the sell-down of BAGL – c.30bps from RWA reductions (excl BAGL) partially offset by: – c.(20)b
Slide 7: Managing evolving future minimum CET1 levels
Managing evolving future minimum CET1 levels Illustrative evolution of minimum CET1 requirements and buffers Minimum CRD IV CET1 requirement Countercyclical buffer • End-state CET1 ratio expectation of around13%: 2017 Pillar 2A CET1 requirement CRDIV Mandatory distribution restrictions (MDR) hurdle
Slide 8: Evolving CRD IV capital structure transitioning to HoldCo over time
Evolving CRD IV capital structure transitioning to HoldCo over time Illustrative evolution of CRD IV capital structure Well managed and balanced total capital structure • Transitional total capital ratio increased to 20.7% (Dec-16: 19.6%), while the fully loaded total capital ratio increased to 19.8
Slide 9: Progressing well on MREL issuance
Progressing well on MREL issuance HoldCo MREL position and requirement including requisite buffers Well advanced on HoldCo issuance plan Issuance plan – currently expect average issuance of c.£8bn p.a. 28.5% from 20182 CCyB: 0.5% • Our MREL issuance guidance for 2017 is c.£10bn of which we have issu
Slide 10: High level of liquidity and conservative funding profile
High level of liquidity and conservative funding profile LCR continues to remain in prudential surplus Conservative and stable funding profile (£bn – excludes BAGL) Customer deposits Sub. Debt1 Secured term funding Short-term debt and other deposits Unsecured term funding 149% 140% £522bn £508bn £49
Slide 11: Structural reform plan remains on track achieving critical milestones as planned
Structural reform plan remains on track achieving critical milestones as planned H2 2017 Group Service Company setup H1 2018 Legal entity separation Milestones completed Milestones completed Legal entity repositioned and rated Barclays UK and Barclays International established as operating divis
Slide 12: Ratings are a key strategic priority
Ratings are a key strategic priority Current Senior Long and Future ratings expectations of Barclays Fitch Standard & Poor’s Moody's Short Term ratings UK and Barclays Bank PLC • Rating agencies have made various statements on their expectation of ratings post ring-fencing − Fitch has said that they
Slide 13: Focused on delivery
Focused on delivery Continued to deliver Simplified business model with strong underlying returns. on Group strategy Restructuring largely complete – closed Non-Core at half year Further progress made CET1 ratio of 13.1% around our end state target of c.13% on balance sheet Efficient issuance and li
Slide 14: Q&A
Q&A | Barclays H1 2017 Fixed Income Investor Results Call
Slide 15: Appendix
Appendix | Barclays H1 2017 Fixed Income Investor Results Call
Slide 16: Non-Core: RWA reallocation and guidance
Non-Core: RWA reallocation and guidance Allocated to Balance sheet – 30 June 17 Non-Core RWAs1 Barclays UK Barclays International2 Head Office Pre reallocation RWAs (£bn) 23 ESHLA 4 3 1 Legacy derivatives 7 7 Italian Mortgages 3 3 Residual businesses/offices 5 1 4 Op Risk/DTA 4 4 Reallocated RWAs 3
Slide 17: Disclaimer
Disclaimer Important Notice The information, statements and opinions contained in this presentation do not constitute a public offer under any applicable legislation, an offer to sell or solicitation of any offer to buy any securities or financial instruments, or any advice or recommendation with re