Barclays : H1 2022 Results Presentation (PDF 1MB)

Barclays PLC

H1 2022 Results

28 July 2022

C.S. Venkatakrishnan

Barclays Group Chief Executive

Statutory PBT of £3.7bn and RoTE of 10.1% in H122

Strong	•	Attributable profit of £2.5bn1 despite the net of tax impact of Over-	Income
operating	£13.2bn
	issuance of Securities in the US2 of £(0.6)bn
performance
		Cost: income ratio
Income	•	Group income up 10% YoY3 with diversified strategy delivering broad-	69%
momentum		based income growth across all businesses	PBT
			£3.7bn
	•	Operating costs (which exclude L&C4) up 2% YoY - balancing inflation,
Cost discipline	RoTE
	business growth, selective strategic investments and efficiency savings	10.1%
Low impairment	•	£0.3bn impairment charge (LLR5: 17bps) - managing credit risk in an	EPS
14.8p
charge		uncertain macro environment, with appropriate provision levels
	CET1 ratio
Strong capital			13.6%
•	CET1 ratio of 13.6%, within target range of 13-14%
TNAV per share
position
			297p
Increased	•	2.25p per share half year dividend (H121: 2p per share)	Total capital return
shareholder
•	Announced intention to initiate further share buyback of up to £0.5bn	c.5.25p equivalent
distributions
		per share

1 The 6% appreciation of average USD against GBP positively impacted income and profits and adversely impacted credit impairment charges and total operating expenses | 2 Refers to the over-issuance of securities under Barclays Bank PLC's US shelf registration statements on Form F-3 filed with the US Securities and Exchange Commission in 2018 and 2019. Please refer to the Barclays PLC Interim 2022 Results Announcement for details. This matter will be referred to as "Over-issuance of Securities" hereafter | 3 Excludes Q222 income of £758m from hedging arrangements relating to the Over-issuance of Securities. Please see slides 49-52 for details of the adjustments made in respect of the Over-issuance of Securities | 4 Litigation and conduct charges | 5 Loan loss rate |

3 | Barclays H1 2022 Results | 28 July 2022

Update on Over-issuance of Securities

Key updates since

Q122 results

• Barclays PLC and Barclays Bank PLC (BBPLC) each filed a Form 20-F/A,completing the restatement process
• Commenced £1bn share buyback announced at FY21
• BBPLC filed an automatic shelf registration on Form F-3, under which it can issue unlimited amount of securities
• Prepared rescission offer for launch
• £165m provision related to estimated monetary penalty from SEC

1 August 2022

12 September 2022

14 September 2022

Timeline of

rescission offer

• Launch rescission offer	• Expected end of rescission	• Communication of initial results
	offer	of rescission offer

		• External-led counsel review to be completed shortly
Next steps		•	Consider findings of the review and take appropriate actions in response
		•	Continue to engage with regulators

4 | Barclays H1 2022 Results | 28 July 2022

Another strong performance in Q222 across all operating businesses

			Group
PBT:		AP:			RoTE:			EPS:
£1.5bn		£1.1bn			8.7%1			6.4p
Barclays UK	Consumer, Cards and Payments	Corporate and Investment Bank

Income	£1.7bn	Income	£1.1bn	Income	£3.3bn2
+6%	+29%	+10%2

RoTE

18.4%

RoTE

17.8%

RoTE

7.1%3

1 Group RoTE excluding the net impact of the Over-issuance of Securities was 11.5%. Please see slides 49-52 for details of the adjustments made in respect of the Over-issuance of Securities | 2 Excludes Q222 income of £758m from hedging arrangements relating to the Over- issuance of Securities. Please see slides 49-52 for details of the adjustments made in respect of the Over-issuance of Securities | 3 CIB RoTE excluding the net impact of the Over-issuance of Securities was 11.4%. Please see slides 49-52 for details of the adjustments made in respect of the Over-issuance of Securities |

5 | Barclays H1 2022 Results | 28 July 2022