Societe Generale S.a. Class A · EURONEXT:GLE
Societe Generale S.a. Class A — Debt Investor Presentation (August 2023)
69 slides from Societe Generale S.a. Class A's debt investor presentation, August 2023
Slide 1: Presentation to Debt Investors
PRESENTATION TO DEBT INVESTORS 2nd QUARTER and 1st HALF 2023 RESULTS
Slide 2: Disclaimer
DISCLAIMER The financial information on Societe Generale for its second quarter and first half 2023 financial are subject to numerous risks and uncertainties, in particular in the Covid-19 crisis and Ukraine Unless otherwise specified, the sources for the business rankings and market positions are r
Slide 3: Quarterly Results
QUARTERLY RESULTS Business Balance sheet and Major GROUP NET INCOME performance liquidity profile milestones EUR 1.2bn(1) in Q2 23 Group revenues Cost of risk French networks merger EUR 0.9bn reported EUR 6.5bn under IFRS17 (1) 12 bps in Q2 23 IT migration completed -5.4% vs. Q2 22 Limited defaults,
Slide 4: Group Performance
1. GROUP PERFORMANCE
Slide 5: Underlying Gross Operating Income in Q2 23
UNDERLYING GROSS OPERATING INCOME IN Q2 23 Revenues Gross operating income Cost/income ratio _Total underlying revenues (EUR m) _Underlying gross operating income (EUR m) _Underlying cost/income ratio(1) 6,901 6,527 6,284 6,261 5,296 74.0% 2,451 64.8% 65.1% 61.4% 65.8% 2,132 2,036 2,066 1,312 Q2 19
Slide 6: Operating Expenses
OPERATING EXPENSES Quarterly operating expenses Quarterly cost-to-income ratio _Underlying operating expensesQ2 23 vs. Q2 22 (EUR m) _Underlying C/I ratio(1) Q2 23 vs. Q2 22 (pp) 4,450 -51 +111 -9 4,461 -40 -0.1pp +1.3pp 65.8% +1.7pp 61.4% -0.6pp +2.1pp Q2 22 SRF Rosbank LeasePlan Other Q2 23 Q2 22
Slide 7: Low Cost of Risk
LOW COST OF RISK _Cost of risk(1) (in bp) H1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 H1 23 NON-PERFORMING LOANS RATIO(2) JUNE 19 JUNE 20 JUNE 21 JUNE 22 JUNE 23 GROUP 27 15 31 28 13 12 12 3.2% 3.2% 3.1% 32 2.9% FRENCH RETAIL BANKING 35 18 2.8% 6 3 14 16 INTERNATIONAL RETAIL BANKING AND FINANCIAL 60 28 47 4
Slide 8: Low Defaults, Prudent Provisioning
LOW DEFAULTS, PRUDENT PROVISIONING Low defaults High level of S1/S2 total provisions _Cost of risk (in EUR m) _Total S1/S2 provisions(1) (in EUR m) 1,279 (97 bps) 3,622 3,769 3,713 626 3,355 2,282 2,379 1,987 2,503 2,419 314 (25 bps) 217 166 1,231 142 (15 bps) (12 bps) 653 (11 bps) 367 156 1,243 1,3
Slide 9: Focus on Exposures
FOCUS ON EXPOSURES Corporate portfolio breakdown Exposure to sensitive sectors Corporate EAD(1) in each sector(2) in % of total group EAD at 30.06.2023 COMMERCIAL REAL ESTATE: 2% of total Group EAD Total group EAD: EUR 1,152bn Financial services 6.9% CONSTRUCTION: 1.1% of total Group EAD Real Estate
Slide 10: Regulatory Ratios Comfortably Above Minimum Requirements
REGULATORY RATIOS COMFORTABLY ABOVE MINIMUM REQUIREMENTS (1) Requirements are presented as of today’s status of regulatory discussions (2) Based on CRR2/CRD5 rules, with the P2R increase from 2.12% to 2,14%, effective from 1st January 2023 (3) Including counter cyclical buffer (53 bp as of 30.06.23)
Slide 11: Capital at 13.1%
CAPITAL AT 13.1% _Q2 23 change in CET 1 ratio (in bp) CET 1 13.1%(1) ~330 bps over MDA (9.73%) +35 bps -22 bps 13.0% fully loaded -19 bps 13.5% -3 bps MREL at 33.1%(1) IFRS 9 phasing +9 bps -36 bps TLAC at 32.1%(1) 13.1% IFRS 9 +6 bps phasing Leverage ratio at 4.2%(1) LCR at 152%(2) 31.03.23 Organic
Slide 12: TLAC and MREL Ratios
GROUP TLAC AND MREL RATIOS TLAC Q2 23 ratios MREL Q2 23 ratios Meeting end of June 2023 requirements Meeting end of June 2023 requirements _ % RWA _ EUR bn _ % Leverage _ % RWA _ EUR bn _ % Leverage 32.1% EUR 124bn 3.5% 13 33.1% EUR 127bn SP SNP 4.5% 17 SP T2 ⁽¹⁾ 9.2% 35 25.7% SNP 22% AT1 9.2% 35 T2
Slide 13: Long Term Funding Program
LONG TERM FUNDING PROGRAM 2023 long-term funding program: 2023 vanilla long term funding program execution close to 100%(1) c. EUR 24bn vanilla debt, well balanced across formats giving flexibility to consider prefunding for 2024 c. EUR 25bn of structured notes Program EUR bn Issued EUR bn As of
Slide 14: Sound Liquidity Profile, Increasing Deposits in Q2
SOUND LIQUIDITY PROFILE, INCREASING DEPOSITS IN Q2 Robust balance sheet Diversified deposit base _ Funded balance sheet(1) in EUR bn as of Q2 23 _In EUR bn as of Q2 23 966 966 French retail 945 945 61 Short term wholesale funding Cash at central banks 206 33 TLTRO International banking HQLA securiti
Slide 15: Solid Liquidity Structure
SOLID LIQUIDITY STRUCTURE _Loan to Deposit Ratio Robust balance sheet Loan to deposit ratio of 82% High quality asset buffers Liquidity Coverage Ratio at 158% on average in Q2 23, 152% at end Q2 23 NSFR at 113% in Q2 23 above regulatory requirements (vs. 114% in Q4 22 ) _Liquid Asset Buffer (in EURb
Slide 16: Group Results
GROUP RESULTS In EURm Q2 2 3 Q2 22 Change H1 23 H1 22 Change N et b ank i ng i ncom e 6,287 6,901 -8.9% -10.3%* 12,958 13,944 -7.1% -6.8%* (1) Underlying net banking income 6,527 6,901 -5.4% -6.8%* 13,198 13,944 -5.3% -5.0%* Op erat i ng exp enses (4 , 4 4 1 ) (4 , 3 2 5 ) +2.7% +1.1%* (9 , 4 9 8 )
Slide 17: Business Performance
2. BUSINESS PERFORMANCE
Slide 18: French Retail Banking Results
FRENCH RETAIL BANKING RESULTS Revenues In EURm Q2 2 3 Q2 22 Change H1 23 H1 22 Change -11.0% excl. PEL/CEL vs. Q2 22 Net banking income 1,924 2,228 -13.6% 3,850 4,393 -12.4% Net banking income excl. PEL/CEL 1,920 2,157 -11.0% 3,856 4,299 -10.3% Net interest margin excl. PEL/CEL -17.4% Operating expe
Slide 19: French Networks and Private Banking
FRENCH NETWORKS AND PRIVATE BANKING -2% AV. LOANS OUTSTANDING vs. Q2 22 -3% AV. DEPOSITS OUTSTANDING vs. Q2 22 +1% AV. LIFE INSURANCE OUTSTANDINGS vs. Q2 22 +5% AV. GLOBAL PRIVATE BANKING AUM vs. Q2 22 _ Av. Loans(1) (EUR bn) _ Av. Deposits (1)(2) (EUR bn) _ Av. Life insurance outstandings (EUR bn)
Slide 20: Boursorama
BOURSORAMA +129k NEW CLIENT ONBOARDING in Q2 23 +25% TOTAL CLIENTS vs. Q2 22 Stable AV. LOANS OUTSTANDING vs. Q2 22 +36% AV. DEPOSITS OUTSTANDING vs. Q2 22 _New client onboarding (‘000) _Total number of clients (m) _Av. Loans (EUR bn) _ Av. Deposits and financial savings (EUR bn) 5.0 51 53 357 4.0 3
Slide 21: International Retail Banking and Financial Services Results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES RESULTS Revenues In EURm Q2 2 3 Q2 22 Change H1 23 H1 22 Change Net banking income 2,363 2,222 +6.3% +0.9%* 4,575 4,298 +6.4% +7.7%* +6.3% vs. Q2 22 Operating expenses (1,167) (976) +19.6% +11.3%* (2,281) (2,065) +10.5% +11.7%* (1) Underlying opera
Slide 22: International Retail Banking
INTERNATIONAL RETAIL BANKING EUROPE AFRICA AND OTHERS +7% LOANS OUTSTANDING vs. Q2 22 +3% DEPOSITS OUTSTANDING vs. Q2 22 +6% LOANS OUTSTANDING vs. Q2 22 +5% DEPOSITS OUTSTANDING vs. Q2 22 _Loans (EUR m) _Deposits (EUR m) _Loans (EUR m) _Deposits (EUR m) 65 66 61 54 55 56 23.6 25.0 25.9 26.4 27.2 23.
Slide 23: Insurance and Financial Services
INSURANCE AND FINANCIAL SERVICES INSURANCE FINANCIAL SERVICES +2% LIFE INSURANCE OUTSTANDING vs. Q2 22 +5% PROTECTION PREMIUM vs. Q2 22 +3% FUNDED FLEET GROWTH(1) vs. Q2 22 +3% EQUIPMENT FINANCE NET OUTSTANDING vs. Q2 22 _Revenues (EUR m) _Revenues (EUR m) +2.9% +17.3% 920 784 170(2)(3) 175(3) Q2 22
Slide 24: Global Banking and Investor Solutions Results
GLOBAL BANKING AND INVESTOR SOLUTIONS RESULTS Revenues -7.3% vs. Q2 22 In EUR m Q2 2 3 Q2 22 Variation H1 23 H1 22 Variation Net banking income 2,375 2,563 -7.3% -6.2%* 5,133 5,318 -3.5% -3.2%* Operating expenses Operating expenses (1,605) (1,565) +2.6% +3.8%* (3,648) (3,737) -2.4% -2.1%* (1) +2.6%
Slide 25: Global Markets and Investor Services
GLOBAL MARKETS AND INVESTOR SERVICES REVENUES: -13% vs. Q2 22 _Q2 23 Global Markets revenues (EUR m) GLOBAL MARKETS REVENUES -11% vs. Q2 22 Good performance, down in comparison to a very high Q2 22 in a slower market 1,516 1,230 1,342 EQUITIES -6% vs. Q2 22 683 557 FIC Good level of activity overall
Slide 26: Financing and Advisory
FINANCING AND ADVISORY REVENUES: +4% vs. Q2 22 _Q2 23 F&A revenues (EUR m) 854 821 720 GLOBAL BANKING AND ADVISORY -5% vs. Q2 22 Solid overall performance across businesses, versus a very high Q2 22 reference point Good momentum in Asset Backed Products and Investment Banking activity notably thanks
Slide 27: Corporate Centre
CORPORATE CENTRE Revenues main impacts: • Unwinding of the hedges on TLTRO (~-EUR 0.1bn in Q2 and ~-EUR 0.2bn in H1) In EURm Q2 2 3 Q2 22 H1 23 H1 22 • One-off items (~-EUR 0.2bn in Q2) Net banking income (375) (112) (600) (65) (1) Underlying net banking income (135) (112) (360) (65) Operating expen
Slide 28: Supplement
3. SUPPLEMENT PRESENTATION TO DEBT INVESTORS | AUGUST 2023 28
Slide 29: Group Long Term Funding Breakdown
GROUP LONG TERM FUNDING BREAKDOWN(1) _Breakdown as of 30.06.2023 Access to diversified and complementary investor bases through: Subordinated issuances Senior vanilla issuances (public or private placements) Senior structured notes distributed to institutional investors, private banks and retail net
Slide 30: Credit Rating Overview
CREDIT RATING OVERVIEW Fitch revised SG rating outlook to “Positive” on July 3rd 2023 : Credit Ratings as of August 2023 “The Positive Outlook reflects SG's steady progress in its earnings level and stability, as seen over the last three years, and our expectation that the bank will continue to targ
Slide 31: Leading the Energy Transition with Flagship Targets
LEADING THE ENERGY TRANSITION WITH FLAGSHIP TARGETS Decarbonising Engaging our our portfolios businesses BEST-IN-CLASS SECTOR POLICIES UPSTREAM OIL AND GAS COAL EUR 300bn Reduce exposure by 20% by 2025 vs 2019 Reduce to zero our exposure to To support sustainable finance Reduce scope 3 absolute carb
Slide 32: Mapping of Extra-Financial Ratings
MAPPING OF EXTRA-FINANCIAL RATINGS AGENCIES BEST SCORE WORST POSITION VERSUS PEERS TOP 1% ALL COMPANIES 100 69 60 50 30 0 WORLDWIDE AAA AA A BBB BB B CCC TOP 5% BANKS WORLDWIDE 100 79 60 57 54 30 0 TOP DECILE BANKS WORLDWIDE A+ C+ C C- D+ D D- TOP DECILE BANKS WORLDWIDE 0 10 20 30 40 80+ 18.6 TOP 14
Slide 33: Quarterly Income Statement by Core Business
GROUP QUARTERLY INCOME STATEMENT BY CORE BUSINESS International Retail Banking Global Banking and Investor French Retail Banking Corporate Centre Group and Financial Services Solutions In EURm Q2 23 Q2 22 Q2 23 Q2 22 Q2 23 Q2 22 Q2 23 Q2 22 Q2 23 Q2 22 Net banking income 1,924 2,228 2,363 2,222 2,37
Slide 34: Half Year Income Statement by Core Business
GROUP HALF YEAR INCOME STATEMENT BY CORE BUSINESS International Retail Banking Global Banking and Investor French Retail Banking Corporate Centre Group and Financial Services Solutions In EURm 6M 23 6M 22 6M 23 6M 22 6M 23 6M 22 6M 23 6M 22 6M 23 6M 22 Net banking income 3,850 4,393 4,575 4,298 5,13
Slide 35: Underlying Data – Reconciliation with Reported Figures
GROUP UNDERLYING DATA – RECONCILIATION WITH REPORTED FIGURES in EURm Q2 23 Q2 22 H1 23 H1 22 Exceptional Net banking income (+) 240 0 240 0 One-off items 240 0 240 0 Exceptional operating expenses (-) (20) (125) 836 859 IFRIC linearisation (239) (284) 435 557 (1) Transformation costs 184 159 366 302
Slide 36: Underlying Data – IFRIC Impact
GROUP UNDERLYING DATA – IFRIC 21 IMPACT Total IFRIC 21 Impact o/w Resolution Funds - costs In EURm 6M 23 6M 22 6M 23 6M 22 French Retail Banking (167) (225) (112) (173) International Retail Banking and Financial Services (92) (97) (63) (65) Financial Services to Corporates (10) (10) (3) (4) Internat
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 30.06.2023 31.12.2022 Shareholder equity Group share 68.0 66.5 Deeply subordinated notes(1) (10.8) (10.0) (2) Distribution to be paid & interest on subordinated notes (1.1) (1.9) Goodwill and
Slide 38: CRR2 Leverage Ratio
GROUP CRR2 LEVERAGE RATIO _CRR2 phased-in Leverage Ratio(1) In EURbn 30.06.2023 31.12.2022 Tier 1 Capital 61.3 58.8 Total prudential balance sheet(2) 1,431 1,340 Adjustments related to derivative financial instruments (6) (7) (3) Adjustments related to securities financing transactions 16 15 Off-bal
Slide 39: Risk-Weighted Assets
GROUP RISK-WEIGHTED ASSETS(1) (CRR2/CRD5, IN EUR bn) 385.0 369.3 361.0 48.8 136.6 45.6 126.8 46.0 7.4 121.5 120.7 11.6 113.7 0.1 110.0 107.1 110.4 13.0 105.5 4.6 28.9 Total 5.0 4.5 29.0 29.0 12.7 5.1 5.1 0.2 0.1 0.1 0.0 0.0 11.8 Operational 11.3 10.5 Market 129.1 324.6 Credit 105.8 108.9 310.6 104.9
Slide 40: Geographic Breakdown of SG Group Commitments
GROUP GEOGRAPHIC BREAKDOWN OF SG GROUP COMMITMENTS AT 30.06.2023 _On-and off-balance sheet EAD(1) All customers included: EUR 1,152bn Africa and Middle Latin America and East 3% Caribbean 1% Asia Pacific 5% Eastern Europe (EU) 8% North America France 45% 16% Western Europe (excl. France) 23% (1) Tot
Slide 41: Change in Gross Book Outstandings
GROUP CHANGE IN GROSS BOOK OUTSTANDINGS(1) _End of period in EURbn Total 585.0 594.7 586.1 597.0 573.0 579.9 572.4 553.9 538.8 131.9 138.1 139.3 163.5 145.3 142.3 137.8 141.7 International Banking and Financial 139.9 Services Global Banking and Investor Solutions 190.7 190.1 182.9 170.7 176.9 170.7
Slide 42: Cost of Risk
GROUP COST OF RISK In EURm Q2 23 Q2 22 H1 23 H1 22 Net Cost Of Risk 109 21 198 68 French Retail Banking Gross loan Outstandings 249,843 245,710 251,266 244,177 Cost of Risk in bp 18 3 16 6 Net Cost Of Risk 83 97 174 422 International Retail Banking and Gross loan Outstandings 137,819 141,075 136,404
Slide 43: Non-Performing Loans
GROUP NON-PERFORMING LOANS In EUR bn 30.06.2023 31.03.2023 30.06.2022 Performing loans 544.7 551.5 565.9 inc. Stage 1 book outstandings⁽¹⁾ 491.9 495.9 503.1 inc. Stage 2 book outstandings 36.9 39.1 44.0 Non-performing loans 16.4 15.9 16.3 inc. Stage 3 book outstandings 16.4 15.9 16.3 Total Gross boo
Slide 44: IFRS 9 Expected Credit Loss Monitoring
IFRS 9 EXPECTED CREDIT LOSS MONITORING METHODOLOGY APPLIED As of Q2 23, IFRS 9 parameters were updated in order to take into account the current economic environment: • 3 macroeconomic scenarios were retained to capture the uncertainties around the general economic context and the war in Ukraine: ce
Slide 45: Limited and Sound Commercial Real Estate Exposure
LIMITED AND SOUND COMMERCIAL REAL ESTATE EXPOSURE Diversified exposure European portfolio US portfolio _Commercial real estate gross _European Commercial real estate _European Commercial real estate _US Commercial real estate exposure by geography (%) gross exposure by asset class (%) gross exposure
Slide 46: Continued Derisking of Russian Exposure
CONTINUED DERISKING OF RUSSIAN EXPOSURE Total exit of legacy onshore exposure Exposure breakdown _Corporate gross exposure by type as of 30 June 23 Sale of ALD Russia closed in April 2023 Limited remaining exposure following the integration of LeasePlan: ~EUR 15m Term Loan 24% 26% ECA-backed Offshor
Slide 47: 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 15 15 15 18 10 13 23 18 18 14 17 21 __ Trading VaR(1) 11 Credit 7 7 17 15 16 18 Interest Rates 13 15 13 12 10 Equity 8 11 12 14 Forex 12 8 9 9 10 3 4 3 2 Commodities 1 1 2 2 2 1 0 0
Slide 48: EPS Calculation
GROUP EPS CALCULATION Average number of shares (thousands) H1 23 Q1 23 2022 Existing shares 822,101 829,046 845,478 Deductions Shares allocated to cover stock option plans and free shares awarded to staff 6,845 6,899 6,252 Other own shares and treasury shares 13,892 20,838 16,788 Number of shares us
Slide 49: Net Asset Value, Tangible Net Asset Value
GROUP NET ASSET VALUE, TANGIBLE NET ASSET VALUE End of period (in EURm) H1 23 Q1 23 2022 Shareholders' equity Group share 68,007 68,747 66,970 Deeply subordinated and undated subordinated notes (10,815) (10,823) (10,017) Interest payable to holders of deeply & undated subordinated notes, issue (28)
Slide 50: ROE/ROTE Calculation Detail
GROUP ROE/ROTE CALCULATION DETAIL End of period (in EURm) Q2 23 Q2 22 6M 23 6M 22 Shareholders' equity Group share 68,007 65,023 68,007 65,023 Deeply subordinated and undated subordinated notes (10,815) (8,683) (10,815) (8,683) Interest payable to holders of deeply & undated subordinated notes, issu
Slide 51: French Retail Banking: Net Banking Income
FRENCH RETAIL BANKING NET BANKING INCOME _NBI (in EURm) -13.6% 2,228 2,122 2,169 1,926 1,924 Commissions 998 973 + 2.4% vs. Q2 22 998 +5.5% 1,013 1,022 187 78 60 -49.7% Fees 80 94 Net interest margin Other Income - 17.4% vs. Q2 22 1,010 1,074 972 842 803 Net Interest Margin -17.4% 71 53 44 4 -10 PEL
Slide 52: French Retail Banking: Customer Deposits and Financial Savings
FRENCH RETAIL BANKING CUSTOMER DEPOSITS AND FINANCIAL SAVINGS _Average outstandings (in EURbn) Variation Q2 23 / Q2 22 455 456 457 455 +2.2% 445 126 126 128 129 +5.0% 123 Life Insurance 26* 25* 26 27 28 +10.5% Securities, Mutual Funds and Others Sight Deposits(1) 171 161 153 -12.6% 175 178 PEL Regul
Slide 53: French Retail Banking: Loans Outstanding
FRENCH RETAIL BANKING LOANS OUTSTANDING Variation _Average outstandings, net of provisions (in EURbn) Q2 23 / Q2 22 248 249 247 244 -2.7% 241 126 127 126 124 -1.9% 124 Housing Consumer Credit 20 20 20 and Overdraft 19 17 -17.8% Business Customers(1) and Financial Institutions 101 102 102 101 102 +0.
Slide 54: International Retail Banking and Financial Services: Quarterly Results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES QUARTERLY RESULTS International Retail Banking Insurance Financial Services Total In EURm Q2 23 Q2 22 Change Q2 23 Q2 22 Change Q2 23 Q2 22 Change Q2 23 Q2 22 Change Net banking income 1,268 1,268 +3.3%* 175 170 +3.1%* 920 784 -3.4%* 2,363 2,222 +0
Slide 55: International Retail Banking and Financial Services: H1 Results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES H1 23 RESULTS International Retail Banking Insurance Financial Services Total In EURm H1 23 H1 22 Change H1 23 H1 22 Change H1 23 H1 22 Change H1 23 H1 22 Change Net banking income 2,530 2,603 +4.9%* 328 277 +20.5%* 1,717 1,418 +10.1%* 4,575 4,298
Slide 56: International Retail Banking: Breakdown by Region - Quarterly Results
INTERNATIONAL RETAIL BANKING BREAKDOWN BY REGION - QUARTERLY RESULTS Western Europe Czech Republic Romania Russia(1) Africa, Mediterranean basin Total International Retail and Overseas Banking In EURm Q2 23 Q2 22 Change Q2 23 Q2 22 Change Q2 23 Q2 22 Change Q2 23 Q2 22 Change Q2 23 Q2 22 Change Q2 2
Slide 57: International Retail Banking: Breakdown by Region – H1 Results
INTERNATIONAL RETAIL BANKING BREAKDOWN BY REGION – H1 23 RESULTS (1) Western Europe Czech Republic Romania Russia Africa, Mediterranean basin Total International Retail and Overseas Banking In EURm H1 23 H1 22 Change H1 23 H1 22 Change H1 23 H1 22 Change H1 23 H1 22 Change H1 23 H1 22 Change H1 23 H
Slide 58: Breakdown of Loans and Deposits Outstanding
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES BREAKDOWN OF LOANS AND DEPOSITS OUTSTANDING _Breakdown of Loans Outstanding (in EUR bn) _Breakdown of Deposits Outstanding (in EUR bn) _Change _Change June 23 vs. June 22 June 23 vs. June 22 14.9 14.5 +2.6%* Equipment Finance +5.3%* 90.6 +9.4%* 1.5
Slide 59: Presence in Africa
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES PRESENCE IN AFRICA Clients NBI Net income C/I RWA 4.5m EUR 0.9bn EUR 142m 57% EUR 24bn NBI RWA Credits Deposits L/D Ratio Ranking S1 2023 (in EUR m) (in EUR m) (in EUR m) (in EUR m) Morocco 242 8,317 8,675 7,071 123% 5th Algeria 78 1,722 1,446 2,45
Slide 60: Insurance Key Figures
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES INSURANCE KEY FIGURES _Life Insurance Outstandings _Personal Protection Insurance Premiums (in EUR m) and Unit Linked Breakdown (in EUR bn) 1% 350 131.0 129.6 131.6 Change 1% 132.9 133.3 300 Q2 23/ Q2 22 1% 264 250 268 1% 35% 35% 36% 37% 38% 256 26
Slide 61: Global Banking and Investor Solutions: Quarterly Results
GLOBAL BANKING AND INVESTOR SOLUTIONS QUARTERLY RESULTS Global Markets and Investor Total Global Banking and Investor Financing and Advisory Services Solutions In EURm Q2 23 Q2 22 Change Q2 23 Q2 22 Change Q2 23 Q2 22 Change Net banking income 1,521 1,742 -11.6%* 854 821 +5.1%* 2,375 2,563 -7.3% -6.
Slide 62: Global Banking and Investor Solutions: Half Year Results
GLOBAL BANKING AND INVESTOR SOLUTIONS HALF YEAR RESULTS Global Markets and Investor Total Global Banking and Investor Financing and Advisory Services Solutions In EURm 6M 23 6M 22 Change 6M 23 6M 22 Change 6M 23 6M 22 Change Net banking income 3,452 3,707 -6.5%* 1,681 1,611 +4.4%* 5,133 5,318 -3.5%
Slide 63: Global Banking and Investor Solutions: 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) 61.7 60.3 60.2 65.1 61.2 60.5 5.9 5.6 5.6 23.0 23.3 23.3 1.0 0.9 0.8 10.9 Operational 10.4 9.6 54.8 53.8 53.8 Market 31.2 27.4 27.5 Credit Q2 22
Slide 64: 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) 210 226 161 274 179 Securities 890 683 Services 956 538 557 821 807 827 854 577 Fixed Income and Currencies 833 806 831 785 645 Equities Q2 22 Q3 22 Q4 22
Slide 65: Financing & Advisory: Supporting Clients in Their Transformations
FINANCING & ADVISORY SUPPORTING CLIENTS IN THEIR TRANSFORMATIONS CLIENT PROXIMITY FRENCH STATE EUR 9.7bn Simplified Public Tender Offer for the 15.9% of EDF's share capital as INNOVATION Financial Advisor, Presenting and Sole well as for all the outstanding convertible bonds that it does not already
Slide 66: Recognised Expertise: League Tables, Rankings, Awards
GLOBAL BANKING AND INVESTOR SOLUTIONS RECOGNISED EXPERTISE: LEAGUE TABLES - RANKINGS - AWARDS AWARDS & RANKINGS LEAGUE TABLES GLOBAL MARKETS GLOBAL BANKING & ADVISORY SUSTAINABLE FINANCE #3 Sustainability-Linked Loans France – Bookrunner #4 Sustainability-Linked Loans EMEA – Bookrunner ENERGYRISK CO
Slide 67: Methodology (1/3)
METHODOLOGY (1/3) 1 – Net banking income The pillars’ net banking income is defined on page 41 of Societe Generale’s 2023 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 68: Methodology (2/3)
METHODOLOGY (2/3) 6 – ROE, RONE, ROTE The notion of ROE (Return On Equity) and ROTE (Return On Tangible Equity), as well as the methodology for calculating it, are specified on pages 43 of Societe Generale’s 2023 Universal Registration Document. This measure makes it possible to assess return on equ
Slide 69: Methodology (3/3)
METHODOLOGY (3/3) 12- Funded balance sheet, loan/deposit ratio The funded balance sheet is based on the Group financial statements. It is obtained in two steps: - A first step aiming at reclassifying the items of the financial statements into aggregates allowing for a more economic reading of the ba
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