Barclays PLC Morgan Stanley European Financials Conference 24 March 2015 1 Morgan Stanley European Financials Conference
Antony Jenkins Barclays Group Chief Executive 2 Morgan Stanley European Financials Conference
Financial highlights Increased adjusted pre-tax profits by 12% Core up 3%, Non-Core losses down 24% Costs excluding CTA 16.9bn, ahead of 17bn guidance Core business performed well with PBT of 6.7bn and RoE of 10.9% ex-CTA…
2016 Transform targets 2016 Target 2014 Capital CRD IV FL CET1 ratio 11.0% 10.5%1 Group Leverage Leverage ratio 4.0% 3.8%1 Dividend Payout ratio 40-50% 38% Returns Adjusted RoE 12% 10.9%2 Barclays Core Cost Adjusted…
Approach to technological development Barclays Accelerator Pingit & Twitter Invites FinTech start-ups to apply from all over the Launched Pingit to world 13.5m Twitter users in March Run in partnership with Techstars, one of the…
Leading the way in technology Barclays is committed to pioneering technology and adapting to a changing world Enhanced Cost Improved Customer efficiency Control Experience To become the Go-To bank a strong business…
Technology continues to enhance the customer experience Digital banking Over 80% of all payments and transfers in personal banking are digital Mobile banking Average customer uses mobile banking 30 times/month Pingit Almost 1…
Technology continues to enhance the customer experience Contactless card technology Introduced on Transport for London Barclaycard bPay Band Convenient wearable contactless payment technology Apple Pay Apple Pay available with all…
Strengthening controls Technological changes give rise to cybersecurity threats Barclays continues to invest in technology and people to protect against emerging threats Industry is Increase in Facing Increase Increased funding and…
Operating efficiencies delivering cost benefits IT applications decommissioned Business instant lending -30% PCB Instant and automated lending process 21% Cost: income ratio 2014 2016 -30% PCB non-branch UK locations…
Operating expenses significantly reduced Operating expenses progress excluding CTA (bn) Highlights Transform saves: 18.7 0.6 FTE reductions from Investment Bank front office restructuring, branch network transformation in 0.5 UK…
Group cost targets Group cost guidance1 (bn) Core cost targets1 (bn) Core cost target 10% 18.7 Original Guidance = 17.5bn Revised Guidance = 17bn 8% 16.9 c.16.3 16.4…
Conclusion Continued capital build: CET1 ratio 10.5%1 and BCBS leverage ratio 3.8%1 Progress on returns with Core RoE of 10.9% ex-CTA Strong progress on shrinking Non-Core and releasing capital Embracing technological change…
Antony Jenkins Barclays Group Chief Executive 14 Morgan Stanley European Financials Conference
Barclays PLC Morgan Stanley European Financials Conference 24 March 2015 15 Morgan Stanley European Financials Conference
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