Barclays Plc · LSE:BARC
Barclays — Citi Global Financial Services Conference 2014
18 slides from Barclays's conference presentation, Nov 19, 2014
Slide 1: Citi Global Financial Services Conference
Citi Global Financial Services Conference Andrew Jones Co-CEO Asia Pacific, Barclays 19 November 2014 Confidential
Slide 2: Overview
Overview Barclays Group strategy update Asia Pacific market context Barclays focus in Asia Pacific 2 | Citi Global Financial Services Conference | 19 November 2014 Confidential
Slide 3: Barclays Group: Reorganising to a simpler, more focused and balanced structure
Barclays Group: Reorganising to a simpler, more focused and balanced structure Barclays Group1 Personal & Africa Investment Barclays Non-Core Barclaycard Corporate Banking Banking Bank (BNC) PBT £2,257m PBT £1,126m PBT £756m PBT £1,342m LBT £648m RWAs £120.0bn RWAs £38.6bn RWAs £37.9bn RWAs £127.9bn
Slide 4: Barclays Group: Balance, resilience and progress
Barclays Group: Balance, resilience and progress Increased pre-tax profits both year-to-date and year-on-year for the quarter Costs excluding CTA down for third consecutive quarter, on track for full year target of ~£17bn Building capital: CET1 ratio 10.2% (10.4% including Spanish disposal); leverag
Slide 5: Investment Bank: Building on competitive advantages
Investment Bank: Building on competitive advantages Barclays Group Core Investment Bank Non-core Investment Bank Global Equities Global Credit Right-sized Macro Markets • Exit Quadrant Assets • Cash Equities • Credit Products • Foreign Exchange • Most physical commodities Markets • Equity Derivative
Slide 6: Investment Bank: Challenging quarter, but repositioning underway
Investment Bank: Challenging quarter, but repositioning underway Nine months ended – September Sterling 2013 2014 Q3 13 Q3 14 USD Reporter2 (£m) Reporter – Banking 1,846 1,890 568 547 (4%) 2% – Markets 4,988 4,012 1,289 1,120 (13%) (8%) – Other (20) 20 (6) (2) Income 6,814 5,922 1,851 1,665 (10%) (5
Slide 7: Overview
Overview Barclays Group strategy update Asia Pacific market context Barclays focus in Asia Pacific 7 | Citi Global Financial Services Conference | 19 November 2014 Confidential
Slide 8: Asia Pacific markets are globally significant and continue growing fast
Asia Pacific markets are globally significant and continue growing fast 2009-2013 Annual average market cash volume Cross-border M&A volume Global IPO market1 International bonds market Asia Pacific Asia Pacific Asia Pacific acquirors issuers issuers 27% 52% 18% $220bn $1.1tn $90bn 22% 2009 – 2013 C
Slide 9: Asia Pacific is both a provider of liquidity and products
Asia Pacific is both a provider of liquidity and products 1 2 US Treasuries held by Asia Pacific investors ($bn) Asian sovereign debt held by foreign investors (% of total debt) 14% CAGR 30 ~6X 3,167 25 20 15 10 548 5 0 2001 2014 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 % of Asia Pacific 9%
Slide 10: Overview
Overview Barclays Group strategy update Asia Pacific market context Barclays focus in Asia Pacific 10 | Citi Global Financial Services Conference | 19 November 2014 Confidential
Slide 11: Barclays has a well established Asia Pacific business
Barclays has a well established Asia Pacific business Asia Pacific is a sizable revenue pool Strong market position Global revenue pools by region1 (H1 2014) • #1 Interest Rates (Asia Risk) • #1 Fixed Income Research (Finance Asia) Asia Pacific • #1 Asia Pacific FX (Risk Institutional • #10 Asia Equ
Slide 12: Asia Pacific leverages the strength of our existing global franchise
Asia Pacific leverages the strength of our existing global franchise Two home markets represent largest Strong market position investment banking revenue pools Global revenue pools by region1 (H1 2014) • #2 All International Fixed Income by Product2 • #5 US Equities trading platform1 • #1 All Invest
Slide 13: Asia Pacific TRANSFORMation
Asia Pacific TRANSFORMation 1 Barclays Asia Pacific Investment Bank performance Highlights 150 PBT2 Cost FTE 150 Costs 140 133 Costs peaked in 2012 130 23% and have fallen significantly since then 120 Indexed performance 110 100 100 100 Non-performance Headcount cost3 90 Headcount reduction 80 Total
Slide 14: Competitive advantage is the willingness to change our model
Competitive advantage is the willingness to change our model Global strategic direction Asia Pacific specific approach Generating higher and more Confederation of countries sustainable returns Generational change Fewer but more strategic clients Integrated client coverage model Simplified product se
Slide 15: Reshaped our Markets business
Reshaped our Markets business Actions Impact 1 • Globally aligned Reduced Rates and Commodities Macro • Simplify infrastructure, reduce Consolidated sales & trading vertical costs 2 Prepared for the future – an Equities Integrated origination vertical Equities and execution model Credit Laser-focuse
Slide 16: Made bold changes in the Investment Banking Division
Made bold changes in the Investment Banking Division Actions Impact 1 Confederation of countries • Closer to clients Country model • Focus on returns Resources dispersed out of hubs 2 Super sectors • Country, sector, product – Streamline alignment Sector expertise in country of sector coverage relev
Slide 17: Concluding messages
Concluding messages Returns focused business Connected to home markets Redesigning shape of the business Reduced costs and headcount Focus on fewer but more strategic clients Integrated client coverage model 17 | Citi Global Financial Services Conference | 19 November 2014 Confidential
Slide 18: Legal disclaimer
Legal disclaimer Important Notice The information, statements and opinions contained in this document do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of any offer to buy any securities or financial instruments or any advice or recommendation with
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