Barclays Plc · LSE:BARC
Barclays — Debt Investor Presentation (February 2019)
68 slides from Barclays's debt investor presentation, Feb 21, 2019
Slide 1: Barclays PLC Fixed Income Investor Presentation
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Barclays PLC Fixed Income Investor Presentation FY 2018 Results Announcement 21 February 2019 | Barclays FY 2018 Fixed Income Inv
Slide 2: Strategy, Targets and Guidance
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Strategy, Targets and Guidance | Barclays FY 2018 Fixed Income Investor Presentation Note This presentation must be read and cons
Slide 3: Focused on profitability and capital targets
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Focused on profitability and capital targets FY18 highlights Group targets >9% in 2019 Group RoTE of 8.5%1 RoTE2 >10% in 2020 CET
Slide 4: Delivering sustainable and improved returns
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Delivering sustainable and improved returns Focused on increased cash returns to shareholders Strategy is delivering: Return on T
Slide 5: Evolving Group capital allocation
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Evolving Group capital allocation c.60% of Group RWAs are allocated to lending activities to consumers and businesses Corporate l
Slide 6: Improving cost efficiency is creating capacity to invest
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Improving cost efficiency is creating capacity to invest, driving operating leverage Absolute cost reduction 2017 to 2019 (£bn)1
Slide 7: Pivoting to sustainable growth over the next 3-5 years
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Pivoting to sustainable growth over the next 3-5 years Investing in medium-term growth initiatives to drive income and returns •
Slide 8: Think digital, think Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Think digital, think Barclays UK Building meaningful relationships with our 24 million customers Changing the shape of our busine
Slide 9: Investments in CIB starting to deliver
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Investments in CIB starting to deliver Strategy in place to further improve returns Corporate Banking RoTE improvement in CIB • E
Slide 10: BI: Improving share in the CIB
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS BI: Improving share in the CIB Gaining share in Markets and maintaining strong Banking franchise Markets1 Banking fees2 70bps 2
Slide 11: BI: Consumer, Cards & Payments opportunities
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS BI: Consumer, Cards & Payments opportunities Portfolio of leading franchises with high returns and growth potential Cards & Payme
Slide 12: Performance
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Performance | Barclays FY 2018 Fixed Income Investor Presentation
Slide 13: FY18 Group highlights
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS FY18 Group highlights Group RoTE of 8.5%, excluding litigation and conduct, delivering improved shareholder returns Financial per
Slide 14: Resilient income performance in challenging market conditions
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Resilient income performance in challenging market conditions £21.1bn £21.1bn • Volume growth within prudent risk appetite 7.4 7.
Slide 15: Q418 Group highlights
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q418 Group highlights Improved income and further TNAV accretion Financial performance1 Income Income grew by 1% while costs de
Slide 16: Q418 Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q418 Barclays UK Further growth in secured lending and customer deposit balances Stable income with Q4 NIM of 3.20% Q417 Q118 Q
Slide 17: Q418 Barclays International
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q418 Barclays International Improved returns with focused investment in the businesses Financial performance1 Balanced and dive
Slide 18: Q418 Barclays International: Corporate & Investment Bank
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q418 Barclays International: Corporate & Investment Bank Continued growth in market share Markets income decreased 2% Income Fi
Slide 19: Q418 Barclays International: Consumer, Cards & Payments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q418 Barclays International: Consumer, Cards & Payments Continued underlying growth in US Cards and investments across CC&P busin
Slide 20: Reduced Head Office drag
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Reduced Head Office drag Q417 Q318 Q418 • Q418 negative income includes: – c.£90m impact from certain legacy capital instrument (
Slide 21: Capital & Leverage
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Capital & Leverage | Barclays FY 2018 Fixed Income Investor Presentation
Slide 22: Strong Group CET1 and leverage ratios
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Strong Group CET1 and leverage ratios Fully loaded and transitional CET1 ratio Fully loaded CET1 ratio IFRS 9 transitional benefi
Slide 23: CET1 ratio progression
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS CET1 ratio progression 13.2% with strong capital generation and significant headwinds eliminated in 2018 CET1 ratio1 Eliminated s
Slide 24: Strongly capital generative and at target CET1 ratio
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Strongly capital generative and at target CET1 ratio Managing the Group CET1 ratio above the regulatory minimum level, to pass st
Slide 25: Prudently managing the Group's capital position
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Prudently managing the Group’s capital position Managing the Group CET1 ratio above the regulatory minimum level, to pass stress
Slide 26: Prudently managing the Group's capital position
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Prudently managing the Group’s capital position Managing the Group CET1 ratio above the distribution restrictions minimum Pillar
Slide 27: Managing evolving future Group minimum leverage requirements
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Managing evolving future Group minimum leverage requirements Illustrative evolution of minimum leverage requirements and buffers
Slide 28: Transition to CRD IV capital structure well established
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Transition to CRD IV capital structure well established Expect to hold prudent headroom above AT1 and Tier 2 minimums Illustrativ
Slide 29: Managing the call and maturity profiles of capital instruments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Managing the call and maturity profiles of BPLC and BBPLC capital instruments BPLC capital call and maturity profile (£bn) BPLC A
Slide 30: ADI position supports strong distribution capacity
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS ADI position supports strong distribution capacity Distribution capacity as at 31-Dec-18 (£m) Distributable items ADI Barclays PL
Slide 31: MREL, Funding and Liquidity
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS MREL, Funding and Liquidity | Barclays FY 2018 Fixed Income Investor Presentation
Slide 32: Successfully transitioning to HoldCo funding model
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Successfully transitioning to HoldCo funding model Currently expect c.£8bn of MREL issuance in 2019 HoldCo MREL position and expe
Slide 33: Continued progress in HoldCo issuance whilst diversifying markets
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Continued progress in HoldCo issuance whilst diversifying the markets we access 14% of issuance in 2018 was in non-G3 currencies
Slide 34: Balanced HoldCo funding profile by debt class and tenor
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Balanced HoldCo funding profile by debt class and tenor Barclays PLC AT1 Tier 2 Senior 14% 20% By product £49bn 66% BPLC AT1 capi
Slide 35: High quality liquidity position
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS High quality liquidity position Conservatively positioned liquidity pool, stable LDR and reduced reliance on short-term wholesale
Slide 36: Illustrative UK approach to resolution
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Illustrative UK approach to resolution1 OpCo waterfall Intercompany investments HoldCo waterfall • Total OpCo losses which exceed
Slide 37: Divisions and Legal Entities
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Divisions and Legal Entities | Barclays FY 2018 Fixed Income Investor Presentation
Slide 38: Barclays Group is positioned to deliver strong and sustainable returns
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Barclays Group is positioned to deliver strong and sustainable returns for shareholders Transatlantic consumer and wholesale bank
Slide 39: Legal entity restructuring of the Group completed post ring-fencing
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Legal entity restructuring of the Group completed post ring-fencing in April 2018 Barclays PLC Barclays International Barclays UK
Slide 40: Strong legal entity capital positions
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Strong legal entity capital positions Group expects to accommodate all legal entity capital requirements within Group CET1 ratio
Slide 41: Diversified Funding Sources across all legal entities
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Diversified Funding Sources across all legal entities1 Majority of funding within legal entities through deposits Barclays PLC 53
Slide 42: Deposit and wholesale funding sources of Barclays Bank UK PLC and Barclays Bank PLC
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Deposit and wholesale funding sources of Barclays Bank UK PLC and Barclays Bank PLC Barclays PLC Barclays Bank UK PLC Barclays Ba
Slide 43: Wholesale funding composition as at 31 December 2018
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Wholesale funding composition as at 31 December 20181 <1 1-3 3-6 6-12 Total 1-2 2-3 3-4 4-5 As at 31 December 2018 (£bn) >5 years
Slide 44: Credit Ratings
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Credit Ratings | Barclays FY 2018 Fixed Income Investor Presentation
Slide 45: Ratings remain a key priority
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Ratings remain a key priority Focus on strategy execution and achieving performance targets to improve ratings Current Senior Lon
Slide 46: Barclays rating composition for senior debt
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Barclays rating composition for senior debt Standard & Poor’s Fitch Moody’s BPLC BBPLC BBUKPLC BPLC BBPLC BBUKPLC BPLC BBPLC BBUK
Slide 47: Barclays rating composition for subordinated debt
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Barclays rating composition for subordinated debt Standard & Poor’s Fitch Moody’s Baseline Stand-alone Stand-Alone Viability bbb+
Slide 48: Brexit Preparations
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Brexit Preparations | Barclays FY 2018 Fixed Income Investor Presentation
Slide 49: Diversified and prudently positioned
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Diversified and prudently positioned Well prepared for Brexit and macroeconomic uncertainties Diversified income mix by geography
Slide 50: Preparation for continuity of business in the event of Brexit
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Preparation for continuity of business in the event of Brexit Plans in place to support activity with European clients through ex
Slide 51: Asset Quality
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Asset Quality | Barclays FY 2018 Fixed Income Investor Presentation
Slide 52: Prudently managing credit risk in both the UK and US
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Prudently managing credit risk in both the UK and US Conservatively positioned in the UK in the face of Brexit and the consumer c
Slide 53: Appendix
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Appendix | Barclays FY 2018 Fixed Income Investor Presentation
Slide 54: Other items of interest – FY18 and Q418 vs. prior year
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Other items of interest – FY18 and Q418 vs. prior year Material items (£m) FY18 FY17 Q418 Q417 Litigation and conduct RMBS (1,420
Slide 55: FY18 Group
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS FY18 Group Year ended (£m) Dec-18 Dec-17 % change Excluding L&C – Year ended (£m) Dec-18 Dec-17 % change Income 21,136 21,076 - P
Slide 56: FY18 Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS FY18 Barclays UK Business performance Excluding L&C – Year ended (£m) Dec-18 Dec-17 % change Year ended (£m) Dec-18 Dec-17 % chan
Slide 57: FY18 Barclays International
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS FY18 Barclays International Business performance Excluding L&C – Year ended (£m) Dec-18 Dec-17 % change Year ended (£m) Dec-18 De
Slide 58: FY18 Barclays International: CIB and Consumer, Cards & Payments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS FY18 Barclays International: Corporate & Investment Bank and Consumer, Cards & Payments CIB business performance CC&P business pe
Slide 59: FY18 Head Office
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS FY18 Head Office Head Office business performance Year ended (£m) Dec-18 Dec-17 Income (273) (159) Impairment releases/(charges)
Slide 60: Q418 Group
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q418 Group Three months ended (£m) Dec-18 Dec-17 % change Excluding L&C – Three months ended (£m) Dec-18 Dec-17 % change Income 5
Slide 61: Q418 Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q418 Barclays UK Business performance Excluding L&C – Three months ended (£m) Dec-18 Dec-17 % change Three months ended (£m) Dec-
Slide 62: Q418 Barclays International
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q418 Barclays International Business performance Excluding L&C – Three months ended (£m) Dec-18 Dec-17 % change Three months ende
Slide 63: Q418 Barclays International: CIB and Consumer, Cards & Payments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q418 Barclays International: Corporate & Investment Bank and Consumer, Cards & Payments CIB business performance CC&P business pe
Slide 64: Q418 Head Office
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q418 Head Office Head Office business performance Three months ended (£m) Dec-18 Dec-17 Income (11) (167) Impairment releases/(ch
Slide 65: Interest rate sensitivity
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Interest rate sensitivity Illustrative sensitivity of Group NII to a 100bps parallel upward shift in interest rates1 Change in NI
Slide 66: Abbreviations
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Abbreviations ABS Asset-backed Securities ECB European Central Bank P1 Pillar 1 ADI Available Distributable Items ECM Equity Capi
Slide 67: Contact – Debt Investor Relations Team
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Contact – Debt Investor Relations Team Version 2 James Cranstoun Dan Colvin Robert Georgiou +44 (0)20 7773 1630 +44 (0)20 7116 65
Slide 68: Disclaimer
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Disclaimer Important Notice The information, statements and opinions contained in this presentation do not constitute a public of
Barclays — Debt Investor Presentation (February 2019) on 6ix