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1、Barclays PLCQ1 2023 Results Presentation27 April 2023C.S.VenkatakrishnanGroup CEOiAnna CrossGroup Finance DirectoriiAppendix:Financialsiii3|Barclays Q1 2023 Results|27 April 2023Franchise strength driving strong returns and balance sheet stability1Includes total dividend for 2022 of 7.25p per share

2、and total share buybacks announced in relation to 2022 of 1.0bn|2On a comparable statutory basis,period covering Q111 to Q123.Pre-2011 financials were not restated following accounting standards changes for IFRS 10 and IAS 19|Income statementIncome statement7.2bn 7.2bn Income 2.6bn 2.6bn Profit befo

3、re tax15.0%15.0%RoTE11.3p 11.3p Earnings per share Balance sheet,capital Balance sheet,capital and distributionsand distributions13.6%13.6%CET1 Ratio163%163%Liquidity coverage ratio301p 301p TNAV per sharec.13.4pc.13.4p1 1per share distribution(last 12 months)Strong Q1 performanceStrong Q1 performan

4、ce:record quarter of profitability2 Prudent risk managementPrudent risk management:underpinning performance Disciplined investmentsDisciplined investments:delivering income growth Robust capital positionRobust capital position:supporting attractive shareholder returns Deposit funding:Deposit funding

5、:diverse and stable franchise deposit base4|Barclays Q1 2023 Results|27 April 2023Supporting customers and clients in pursuit of our strategic prioritiesDeliver next-generation digitisedconsumer financial servicesDeliver sustainable growth in the Corporate&Investment BankCapture opportunities as we

6、transition to a low-carbon economyC.S.VenkatakrishnanGroup CEOiAnna CrossGroup Finance DirectoriiAppendix:Financialsiii6|Barclays Q1 2023 Results|27 April 202310%in 2023Low 60s%in 202350-60bps in 202313-14%100%regulatory minimum1RoTECost:income ratioLoan loss rateCET1 ratioLiquidity coverage ratio15

7、.0%15.0%57%57%52bps52bps13.6%13.6%163%163%Targets and guidance1Liquidity coverage ratio 100%is a regulatory minimum,not a Barclays target|Q123Delivering against our targets and guidance7|Barclays Q1 2023 Results|27 April 2023PerformanceProfit before tax(bn)Note:Charts may not sum due to other net in

8、come/(expenses)and rounding|2.60.70.5(0.5)(0.4)2.2Q122IncomeOperating expenses(excl.L&C)Litigation and Conduct(L&C)ImpairmentQ123Group RoTE of 15.0%with profit before tax up 16%7.2bnIncomeQ122:6.5bn4.1bn CostsQ122:4.1bn57%Cost:income ratioQ122:63%3.1bnProfit before impairmentQ122:2.4bn0.5bn Impairme

9、nt Q122:0.1bn52bpsLoan loss rateQ122:15bps11.3pEPSQ122:8.4p15.0%RoTEQ122:11.5%13.6%CET1 ratioDec-22:13.9%301pTNAV per shareDec-22:295p8|Barclays Q1 2023 Results|27 April 2023Income+11%YoY,with growth across all operating businesses1Barclays UK(BUK)|2Consumer,Cards&Payments(CC&P)|3 Corporate&Investme

10、nt Bank(CIB)|4Based on an average of FY20,FY21 and FY22 income.Range may vary depending on business mix and macroeconomic environment andhistorical outcomes may not be indicative of future currency mix|Note:Charts may not sum due to rounding|Group income(bn)3.94.00.91.31.62.06.56.57.27.2Q122Q123c.40

11、c.40-45%of Group income in USD since 202045%of Group income in USD since 20204 4+11%+11%Barclays UKBarclays UK1 1GroupGroupConsumer,Cards Consumer,Cards&Payments&Payments2 2Corporate&Corporate&Investment BankInvestment Bank3 3+19%+19%+47%+47%+1%+1%9|Barclays Q1 2023 Results|27 April 2023(29)38420312

12、Q123 income growth YoY(m)High quality and diverse sources of income growth across the Group1Including the impact of FX|2Includes Q123 contribution from acquisition of the$3.3bn Gap cards portfolio at the end of Q222|3On a comparable basis,period covering 2014-Q123.Pre 2014 data was not restated foll

13、owing re-segmentation in 2016|4Financing income has grown including the impact of inflation.In a more normalised inflation environment the year on year growth would be c.65m|5Dealogic for the period covering 1 January to 31 March 2023|Income growth YoY+312m|+19%Barclays UK+312m|+19%Barclays UKMostly

14、 NII(+279m)reflecting rates and structural hedge,partially offset by product margin impacts+420m|+47%Consumer,Cards&Payments420m|+47%Consumer,Cards&Payments1 1+338m:NII mainly US cards2reflecting+30%balance growth,including Gap and margin expansion+82m:Fee income growth in US cards,Private Bank and

15、Payments+38m|+1%Corporate&Investment Bank+38m|+1%Corporate&Investment Bank1 1Second best quarter on record3+317m:Transaction Banking mainly NII reflecting rising rate environment and balance growth+c.160m:Financing4income in Markets,including higher client balances-45m:Banking fees reflecting lower

16、industry fee pool5-c.370m:Intermediation income in Markets vs.strong prior year comparable+741m/+11%+741m/+11%Head OfficeHead Office10|Barclays Q1 2023 Results|27 April 20230.66%0.80%0.93%1.07%1.19%1.52%2.26%3.05%4.18%3.75%Spot:3.96%2378501608709773Q122Q222Q322Q422Q123Structural hedge1UK Pound Sterl

17、ing SONIA OIS Zero 5 Year Point(Refinitiv:GBPOIS5YZ=R)|2Based on spot price of UK Pound Sterling SONIA OIS Zero 5 Year Point(Refinitiv:GBPOIS5YZ=R)as at the end of day on 21 April 2023|Structural hedge continues to drive higher NII across the GroupQ123 gross hedge income up 104%YoYQ123 gross hedge i

18、ncome up 104%YoYGross hedge income(m)Hedge notional 238bn256bn266bn263bn260bnAverage GBP 5yr swap rate1Hedge yieldExpect continued momentum in structural hedge incomeo Two-thirds of gross hedge income within Barclays UK3bn reduction in hedge notional in Q123 o Reflecting expected deposit migration m

19、ainly in corporateMore than 50bn of hedge maturing evenly in 2023 at c.1.0%o Expect to roll the majority at significantly higher ratesMaintaining prudent buffers for further deposit migration11|Barclays Q1 2023 Results|27 April 2023Group costs(bn)and cost:income ratio(CIR)1Operating costs excludes b

20、ank levy and litigation and conduct|2Group operating cost guidance is based on an average USD/GBP FX rate of 1.23 for Q223-Q423|3Single Resolution Fund|4Based on an average of FY20,FY21 and FY22 costs.Range may vary depending on business mix and macroeconomic environment and historical outcomes may

21、not be indicative of future currency mix|Note:Charts may not sum due to rounding|Cost:income ratio of 57%0.10.11.92.20.60.81.01.10.5(0.5)0.10.00.44.14.14.14.1Q122L&CFXEfficiencies&inflationGrowth,investments&otherQ123CIRCIR63%63%Barclays UK Barclays UK+94mTransformation:digital optimisation and serv

22、ice simplificationEfficiencies broadly offsetting inflationConsumer,Cards&Payments Consumer,Cards&Payments+170mUS Cards balances+30%,including GapCorporate&Investment Bank Corporate&Investment Bank+281mTechnology,resilience&control enhancements,selective hiringc.40m higher European SRF3levies in Q12

23、3Litigation and conduct(L&C)Head Officec.30%of Group costs in USD since 2020c.30%of Group costs in USD since 20204 4InflationEfficiency savings20232023GuidanceGuidanceGroup cost:income ratio%in low 60sGroup cost:income ratio%in low 60sQ123 high point for Group operating costsQ123 high point for Grou

24、p operating costs1,21,2CIRCIR57%57%12|Barclays Q1 2023 Results|27 April 2023Balance sheet remains well provisionedBalance sheet provisions for ECL1(bn)CommentaryMacroeconomic variables rolled forward from FY221Expected Credit Losses|4.84.80.30.31.10.11.26.26.26.36.3Q422Other ECLQ123Model ECLEconomic

25、 uncertainty adjustmentsOther ECLBaseline macroeconomic variables(%)Baseline macroeconomic variables(%)202320232024202420252025UK GDP growth(0.6)%0.5%1.6%UK unemployment4.3%4.6%4.2%US GDP growth0.4%0.9%1.5%US unemployment4.1%4.7%4.7%Impairment provision increased 0.1bn to 6.3bn Retain economic uncer

26、tainty adjustments of 0.3bn13|Barclays Q1 2023 Results|27 April 2023US cardsRobust consumer coverage ratios and normalisation in creditUK cardsGrossGrossloans(bn)loans(bn)Coverage ratioCoverage ratioDec-19Dec-22Mar-23Dec-19Dec-22Mar-23Total16.59.99.810.5%7.6%7.7%Stage 110.67.17.21.2%1.8%1.8%Stage 25

27、.12.62.321.6%19.2%21.6%Stage 30.80.30.265.1%54.6%59.4%1.7%1.7%0.9%0.9%0.8%0.8%0.2%0.2%Q419Q12330 days90 daysDelinquency rates remain at historical lowsDelinquency rates remain at historical lowsGrossGrossloans(bn)loans(bn)Coverage ratioCoverage ratioDec-19Dec-22Mar-23Dec-19Dec-22Mar-23Total22.525.82

28、4.89.1%8.1%8.9%Stage 118.221.820.71.6%1.5%1.4%Stage 22.83.03.021.3%33.6%34.3%Stage 31.51.01.179.6%72.0%80.6%Delinquency rates normalising from historical lowsDelinquency rates normalising from historical lows2.7%2.7%2.3%2.3%1.4%1.4%1.2%1.2%Q419Q12330 days90 days14|Barclays Q1 2023 Results|27 April 2

29、023Impairment charge normalising,in line with guidance1Includes Q123 contribution from acquisition of the$3.3bn Gap cards portfolio at the end of Q222|53574455138(18)3049522016201720182019202020212022Q422Q123Credit impairment charges(bn):Credit impairment charges(bn):Expect a loan loss rate of 5050-

30、60bps in 202360bps in 2023,based on the current macroeconomic outlook1.20.50.5Loan loss rate(bps)Credit impairment charge(m)(33)3313437148113141141524524Q122Q123GroupGroupBUKBUKCC&PCC&PUS cards balance growth+30%1Normalisation in creditStage migration including acquired Gap portfolioCIBCIBHead Offic

31、eHead Office(8)(8)7 715|Barclays Q1 2023 Results|27 April 20232.0bn IncomeQ122:1.6bn1.1bn Costs Q122:1.0bn56%Cost:income ratioQ122:61%0.1bn ImpairmentQ122:48m20bpsLoan loss rateQ122:9bps0.8bnPBTQ122:0.6bn20.0%RoTEQ122:15.6%208.2bnLoans1Dec-22:205.1bn90%Loan:deposit ratioDec-22:87%74.6bnRWAsDec-22:73

32、.1bnBarclays UK higher income driven by margin growthIncome(bn)Performance1Loans and advances to customers at amortised cost|2Assumes the UK Bank Rate peaks at 4.25%in 2023|3Average Interest Earning Assets(AIEA)|Note:Charts may not sum due to rounding|Net interest margin1.01.21.30.30.30.20.40.50.51.

33、61.62.02.02.02.0Q122Q422Q123Business BankingBarclaycard Consumer UKPersonal Banking+31%+31%+23%+23%+19%+19%-11%11%3.10%3.18%3.20%0.13%0.16%(0.21%)Q422StructuralhedgeBank RateOtherQ123FY23Guidance1,600m1,618m205bn206bnNIINIIAIEAAIEA3 3Product margin Product margin-21bps21bpsTreasury Treasury neutral

34、neutral QoQQoQYoYYoY216|Barclays Q1 2023 Results|27 April 2023Consumer,Cards&Payments strong income growth of 47%YoYIncome(bn)Performance1Loans and advances to customers at amortised cost|2Includes Q123 contribution from acquisition of the$3.3bn Gap portfolio at the end of Q222|3Client Assets and Li

35、abilities refers to customer deposits,lending and investment products including client assets under management or supervision|4Assets under management(AUM)includes assets under management and supervision|5Includes 77.9bn(2022:71.3bn)of merchant acquiring payments|6Based on an average of FY20,FY21 an

36、d FY22 income,and FY21 and FY22 costs currency mix.Range may vary depending on business mix and macroeconomic environment andhistorical outcomes may not be indicative of future currency mix|Note:Charts may not sum due to rounding|1.3bn Income Q122:0.9bn0.8bn Costs Q122:0.8bn58%Cost:income ratioQ122:

37、88%0.4bn ImpairmentQ122:0.1bn332bpsLoan loss rateQ122:145bps0.2bnPBTQ122:(19)m loss10.5%RoTEQ122:(1.5)%8.42%NIMQ422:8.40%41.8bnLoans1Dec-22:43.2bn38.2bnRWAsDec-22:38.9bn0.10.10.10.20.30.30.50.90.90.90.91.31.31.31.3Q122Q422Q123International Cards and Consumer BankPrivate BankPayments+21%+21%+67%+67%+

38、47%+47%+10%+10%US cards End Net Receivables$28.5bn$28.5bn2 2+30%2(incl.Gap)vs Q122-2%vs Q422Private Bank Client Assets and Liabilities3141.5bn141.5bnof which 66.1bn AUM4+11%vs Q122AUM4+15%vs.Q122Value of payments processed 580.9bn80.9bn+10%vs Q122YoYYoY6060-70%of income and 4570%of income and 45-50%

39、of costs in USD since 202050%of costs in USD since 20206 617|Barclays Q1 2023 Results|27 April 20230.60.70.90.60.50.62.10.71.70.60.70.83.93.92.62.64.04.0Q122Q422Q123Global Markets-FinancingGlobal Markets-IntermediationInvestment BankingCorporateCorporate&Investment Bank delivered second best quarter

40、 on record1Income(bn)Performance1Revenue performance on a comparable basis,period covering 2014-Q123.Pre 2014 data was not restated following re-segmentation in 2016|2Average allocated tangible equity|3Loans and advances to customers at amortised cost|4Financing income has grown in part due to the i

41、mpact of inflation.In a more normalised inflation environment the year on year growth would be around 10%|5Based on an average of FY20,FY21 and FY22 income,and FY21 and FY22 costs currency mix.Range may vary depending on business mix and macroeconomic environment and historical outcomes may not be i

42、ndicative of future currencymix|Income by business(m)Transaction banking,786DCM,341Corporate lending,95ECM,50Equities,704Advisory,212FICC,1,788-7%7%Global Markets Investment BankingCorporate YoY%USD YoY%:+9%+1%-33%-38%+15%+6%+6%-2%-18%-25%+68%-8%8%-15%15%-7%7%-14%14%TotalTotalTotalTotal-24%+48%+48%T

43、otalTotal+25%+25%5050-60%of income and c.40%of costs in USD since 202060%of income and c.40%of costs in USD since 20205 54.0bn Income Q122:3.9bn2.2bn CostsQ122:2.2bn55%Cost:income ratioQ122:57%33m Impairment Q122:(33)m net release10bpsLoan loss rateQ122:(12)bps1.7bnPBTQ122:1.7bn15.2%RoTEQ122:17.1%31

44、.8bnAverage Equity2Q122:30.8bn89.2bnLoans3Dec-22:90.5bn216.8bnRWAsDec-22:215.9bn+48%+48%YoYYoY+1%+1%-18%18%44 418|Barclays Q1 2023 Results|27 April 2023137%139%13.8%13.6%Franchise strength driving consistent capital and liquidity over time 1Maximum distributable amount|2 Trailing average of the last

45、 four spot quarter end positions|Historical performance(%)CET1 ratioCET1 ratioLoan:deposit ratioLoan:deposit ratioLiquidity coverage Liquidity coverage ratioratioNet stable funding Net stable funding ratioratio2 22019202020212022Q123Q123160%163%Disclosed from FY2211.4%MDA1hurdle13-14%target100%regul

46、atory minimum122bn surplus100%regulatory minimum82%73%2019202020212022Q123Q1232019202020212022Q123Q1232022Q123Q12319|Barclays Q1 2023 Results|27 April 2023Strong CET1 ratio with significant headroom to MDAQ123 CET1 ratio movementsFuture considerationsNote:The fully loaded CET1 ratio was 13.5%as at 3

47、1 March 2023(13.7%as at 31 December 2022)|Note:Charts may not sum duetorounding|Target RoTE of 10%:Target RoTE of 10%:translates to c.150bps of annual CET1 ratio accretionUK countercyclical buffer(CCyB):UK countercyclical buffer(CCyB):increase to 2%,adds c.40bps to MDA in Q323Basel 3.1:Basel 3.1:low

48、er end of 5-10%RWA inflation on 1-Jan-25,pre-mitigation13.9%13.5%13.6%53bps(13bps)(13bps)(15bps)(10bps)(21bps)(9bps)(6bps)Dec-22IFRS9reduction intransitionalreliefKensingtonMortgageCompanyCompleted0.5bnBuybackAttributableprofitDividendaccrualQ123 RWAgrowthShareawardsOtherMar-23MDA hurdle 11.4%c.40bp

49、s impact per guidance at FY22CET1Capital bn46.946.9(0.5)(0.3)(0.5)1.8(0.3)(0.3)(0.7)46.046.0RWAs bn336.5336.5(0.1)0.85.2(4.0)338.4338.4Target range of 13Target range of 13-14%14%20|Barclays Q1 2023 Results|27 April 2023Consumer3275bn-2.9bnTreasury49bn+15.3bnCorporate&SME2232bn-2.5bnDiverse and stabl

50、e franchise deposit base;total deposits+c.10bn1 Excludes Treasury deposits|2Comprises Corporate&Investment Bank and Barclays UK Business Banking.Excludes Treasury deposits|3Comprises Barclays UK Personal Banking and Consumer,Cards&Payments|4Excludes Investment Bank deposits|5Relates to FSCS deposits

51、 Barclays pay insurance on|6Includes 2bn of Retail Certificates of Deposit|7 Includes current accounts for BUK Personal Banking,BUK Business Banking,and BUK Wealth customers,and operational accounts forCorporate Bank and Private Bank|Note:Charts may not sum due to rounding|Customer deposits1down c.5

52、bn,driven by expected seasonal effects and FXc.37%transactional accountsc.37%transactional accounts7 7,c.60%covered by liquidity pool,75%of BUK and Corporate Bank relationships 5+years,c.60%covered by liquidity pool,75%of BUK and Corporate Bank relationships 5+yearsTotalTotalDepositsDeposits556bn556

53、bn+c.10bn/2%QoQCIB:Corporate Bank 170bnCIB:Corporate Bank 170bn4 4,flat,flat20%insured5c.13%term(30 day)c.60%of relationships 5+yearsNo sector concentration 15%BUK:Business Banking 60bn,BUK:Business Banking 60bn,-4%4%47%insured65%of relationships 5+yearsBUK:Personal Banking 194bn,BUK:Personal Bankin

54、g 194bn,-1%1%71%insured75%of relationships 5+yearsCC&P:Private Bank 61bn,CC&P:Private Bank 61bn,-2%2%6%insuredCC&P:US Consumer 18bnCC&P:US Consumer 18bn6 6,-1%1%90%insuredTreasury 49bn,+46%Treasury 49bn,+46%Increase driven by international term-deposits,largely from corporates21|Barclays Q1 2023 Res

55、ults|27 April 2023Highly liquid balance sheet1 A further 31bn of Debt Securities are encumbered via repurchase agreements,of which 19bn are FVOCI and 12bn are Hold to Collect|82%of Liquidity Pool held in cash99%of cash placed with BoE,US Fed,ECB,BoJ,SNBRemainder mostly held in high-quality governmen

56、t bonds(materially all AA or AAA)Majority of securities in the liquidity pool are hedged for interest rate riskPrudent management of positions via daily stress testing and internal daily monitoringLCR of 163%,with 122bn surplus above 100%requirementLCR of 163%,with 122bn surplus above 100%requiremen

57、tLiquidity PoolLiquidity Pool333bn333bnCash274bnFVOCI45bn14%HTC14bn4%22|Barclays Q1 2023 Results|27 April 2023Outlook unchanged from FY22 results1Assumes the UK Bank Rate peaks at 4.25%in 2023|ReturnsReturnsIncomeIncomeCostsCostsImpairmentImpairmentCapitalCapitalCapitalCapitalreturnsreturnsTargeting

58、 RoTE of greater than 10%RoTE of greater than 10%in 2023in 2023Diversified income streams continue to position the Group well for the current economic and market environment including higher interest rates.In 2023,BarclaysIn 2023,BarclaysUKUKNIM is expected to be greater than 3.20%NIM is expected to

59、 be greater than 3.20%1 1Targeting a cost:income ratio percentage in the low 60s in 2023cost:income ratio percentage in the low 60s in 2023,investing for growth whilst progressing towards the Groups medium-term target of below 60%Expect an LLR of 50LLR of 50-60bps in 202360bps in 2023,based on the c

60、urrent macroeconomic outlookExpect to operate within the CET1 ratio target range of 13CET1 ratio target range of 13-14%14%Barclays capital distribution policy incorporates a progressive ordinary dividend,supplemented with share buybacks as appropriateC.S.VenkatakrishnanGroup CEOiAnna CrossGroup Fina

61、nce DirectoriiAppendix:Financialsiii24|Barclays Q1 2023 Results|27 April 2023Macroeconomic variables1Average Real GDP seasonally adjusted change in year|2Average UK unemployment rate 16-year+|3Change in year end UK HPI=Halifax All Houses,All Buyers index,relative to prior year end|4Average US civili

62、an unemployment rate 16-year+|5Change in year end US HPI=FHFA House Price Index,relative to prior year end|Q123Upside 2Upside 2Upside 1Upside 1BaselineBaselineDownside 1Downside 1Downside 2Downside 220232023202420242025202520232023202420242025202520232023202420242025202520232023202420242025202520232

63、0232024202420252025UK GDP11.7%4.1%3.1%0.5%2.2%2.3%(0.6)%0.5%1.6%(1.3)%(2.2)%1.3%(2.0)%(4.8)%1.0%UK unemployment23.6%3.4%3.4%3.9%4.0%3.8%4.3%4.6%4.2%4.6%6.4%6.1%5.0%8.2%8.1%UK HPI35.3%9.6%4.3%0.5%3.4%3.0%(4.2)%(2.5)%1.7%(9.0)%(11.3)%(6.3)%(13.6)%(19.6)%(13.9)%UK bank rate3.3%2.8%2.5%3.5%3.3%3.1%4.2%4

64、.3%3.8%5.2%6.2%5.4%6.1%8.0%6.9%US GDP12.3%3.8%2.9%1.4%2.4%2.2%0.4%0.9%1.5%(0.4)%(1.8)%1.2%(1.3)%(4.5)%1.0%US unemployment43.4%3.3%3.3%3.7%4.0%4.0%4.1%4.7%4.7%4.5%6.5%6.5%4.9%8.4%8.3%US HPI54.6%5.3%4.5%3.0%3.4%3.3%1.5%1.5%2.1%(0.3)%(1.2)%(1.0)%(2.1)%(3.9)%(4.1)%US federalfunds rate3.8%3.1%2.8%4.1%3.6

65、%3.0%4.7%3.9%3.2%5.4%5.6%4.6%5.9%7.0%6.1%Scenario probabilityScenario probabilityw weightingeighting10.9%10.9%23.1%23.1%39.4%39.4%17.6%17.6%9.0%9.0%25|Barclays Q1 2023 Results|27 April 2023Macroeconomic variables1Average Real GDP seasonally adjusted change in year|2Average UK unemployment rate 16-ye

66、ar+|3Change in year end UK HPI=Halifax All Houses,All Buyers index,relative to prior year end|4Average US civilian unemployment rate 16-year+|5Change in year end US HPI=FHFA House Price Index,relative to prior year end|Q422Upside 2Upside 2Upside 1Upside 1BaselineBaselineDownside 1Downside 1Downside

67、2Downside 2202320232024202420252025202320232024202420252025202320232024202420252025202320232024202420252025202320232024202420252025UK GDP12.8%3.7%2.9%1.0%2.3%2.4%(0.8)%0.9%1.8%(2.1)%(1.5)%1.9%(3.4)%(3.8)%2.0%UK unemployment23.5%3.4%3.4%4.0%3.9%3.8%4.5%4.4%4.1%5.2%6.4%6.0%6.0%8.4%8.0%UK HPI38.7%7.5%4

68、.4%1.8%2.9%3.3%(4.7)%(1.7)%2.2%(11.7)%(10.6)%(2.8)%(18.3)%(18.8)%(7.7)%UK bank rate3.1%2.6%2.5%3.5%3.3%3.0%4.4%4.1%3.8%5.9%6.1%5.3%7.3%7.9%6.6%US GDP13.3%3.5%2.8%1.9%2.3%2.2%0.5%1.2%1.5%(1.1)%(1.1)%1.7%(2.7)%(3.4)%2.0%US unemployment43.3%3.3%3.3%3.8%4.0%4.0%4.3%4.7%4.7%5.1%6.6%6.4%6.0%8.5%8.1%US HPI

69、55.8%5.1%4.5%3.8%3.3%3.4%1.8%1.5%2.3%(0.7)%(1.3)%0.2%(3.1)%(4.0)%(1.9)%US federalfunds rate3.6%2.9%2.8%3.9%3.4%3.0%4.8%3.6%3.1%5.8%5.4%4.4%6.6%6.9%5.8%Scenario probabilityScenario probabilityw weightingeighting10.9%10.9%23.1%23.1%39.4%39.4%17.6%17.6%9.0%9.0%26|Barclays Q1 2023 Results|27 April 2023I

70、mpairment:March 2023 coverage ratiosWholesale loansTotal loansCredit cards,unsecured loans and other retail lendingHome loansNote:Tables may not sum due to rounding|GrossGrossloans(bn)loans(bn)Impairment allowance Impairment allowance(bn)(bn)Coverage ratioCoverage ratioDec-19 Dec-22 Mar-23 Dec-19 De

71、c-22 Mar-23 Dec-19 Dec-22 Mar-23Total60.254.452.74.93.73.88.1%6.8%7.2%Stage 146.044.242.70.50.60.61.2%1.3%1.3%Stage 210.88.18.02.01.81.918.7%22.6%23.4%Stage 33.42.12.02.31.31.368.5%60.2%67.0%GrossGrossloans(bn)loans(bn)Impairment allowance Impairment allowance(bnbn)Coverage ratioCoverage ratioDec-19

72、 Dec-22 Mar-23 Dec-19 Dec-22 Mar-23 Dec-19 Dec-22 Mar-23Total130.3175.7178.61.01.41.40.8%0.8%0.8%Stage 1 117.5152.7156.80.10.40.40.1%0.3%0.3%Stage 210.420.419.10.30.40.42.9%2.0%2.0%Stage 32.42.62.60.50.50.623.2%20.7%24.2%GrossGrossloans(bn)loans(bn)Impairment allowance Impairment allowance(bnbn)Cove

73、rage ratioCoverage ratioDec-19 Dec-22 Mar-23 Dec-19 Dec-22 Mar-23 Dec-19 Dec-22 Mar-23Total154.9174.3178.00.40.50.50.3%0.3%0.3%Stage 1 135.7153.7156.60.00.00.0Stage 217.018.219.10.10.10.10.4%0.4%0.4%Stage 32.22.42.30.30.40.416.1%17.1%17.7%GrossGrossloans(bn)loans(bn)Impairment allowance Impairment a

74、llowance(bnbn)Coverage ratioCoverage ratioDec-19 Dec-22 Mar-23 Dec-19 Dec-22 Mar-23 Dec-19 Dec-22 Mar-23Total345.4404.4409.36.35.65.71.8%1.4%1.4%Stage 1 299.3350.5356.10.71.11.00.2%0.3%0.3%Stage 238.246.746.22.42.32.36.2%5.0%5.1%Stage 37.97.16.93.22.22.440.7%31.3%34.5%27|Barclays Q1 2023 Results|27

75、April 2023Impairment:March 2023 coverage ratiosUS cardsGermany and other unsecured lendingUK cardsUK personal loans and partner financeNote:Tables may not sum due to rounding|GrossGrossloans(bn)loans(bn)Impairment allowance Impairment allowance(bn)(bn)Coverage ratioCoverage ratioDec-19 Dec-22 Mar-23

76、 Dec-19 Dec-22 Mar-23 Dec-19 Dec-22 Mar-23Total16.59.99.81.70.80.810.5%7.6%7.7%Stage 110.67.17.20.10.10.11.2%1.8%1.8%Stage 25.12.62.31.10.50.521.6%19.2%21.6%Stage 30.80.30.20.50.10.165.1%54.6%59.4%GrossGrossloans(bn)loans(bn)Impairment allowance Impairment allowance(bnbn)Coverage ratioCoverage ratio

77、Dec-19 Dec-22 Mar-23 Dec-19 Dec-22 Mar-23 Dec-19 Dec-22 Mar-23Total22.525.824.82.12.12.29.1%8.1%8.9%Stage 118.221.820.70.30.30.31.6%1.5%1.4%Stage 22.83.03.00.61.01.021.3%33.6%34.3%Stage 31.51.01.11.20.80.979.6%72.0%80.6%GrossGrossloans(bn)loans(bn)Impairment allowance Impairment allowance(bnbn)Cover

78、age ratioCoverage ratioDec-19 Dec-22 Mar-23 Dec-19 Dec-22 Mar-23 Dec-19 Dec-22 Mar-23Total12.47.77.50.70.30.35.4%4.4%4.5%Stage 110.26.66.30.10.10.10.8%0.9%0.9%Stage 21.60.91.00.20.10.110.5%14.5%14.0%Stage 30.60.20.20.40.10.170.7%69.0%77.0%GrossGrossloans(bn)loans(bn)Impairment allowance Impairment a

79、llowance(bnbn)Coverage ratioCoverage ratioDec-19 Dec-22 Mar-23 Dec-19 Dec-22 Mar-23 Dec-19 Dec-22 Mar-23Total8.810.910.70.40.50.54.8%4.7%4.6%Stage 16.98.78.40.10.10.10.7%0.9%0.9%Stage 21.41.61.70.20.20.211.5%12.1%11.7%Stage 30.50.60.50.20.30.240.6%40.1%39.9%28|Barclays Q1 2023 Results|27 April 2023I

80、mpairment:Q123 wholesale exposures and UK/US cards arrears ratesWholesale and selected sector exposure1Refers to synthetic credit protection from first loss guarantees on the Corporate lending portfolio which consists of c.54bn of funded on-balance sheet exposure.In terms of credit protection,indivi

81、dual asset level hedges may vary,but cover a significant and diverse portion of our lending portfolio,with higher average levels of protection for selected vulnerable sectors,lower quality credits and unsecured exposure|Note:Tables may not sum due to rounding|US cards arrears ratesUK cards arrears r

82、atesGross loans(bn)Gross loans(bn)Wholesale excl.Debt Securities129.6Debt Securities49.0Home Loans178.0Other Retail52.7Total409.3Wholesale lending excl.Wholesale lending excl.Debt Securities(Debt Securities(bnbn)Financial Institutions41.1Other50.5Selected Sectors38.0Total129.6Selected sectors(bn/cov

83、erage ratio%)Selected sectors(bn/coverage ratio%)ExposureExposure CoverageCoverageSteel&Aluminium Manufacturers0.73.6Autos1.3 1.4Real Estate16.61.7Consumer Manufacturers5.8 2.2Discretionary Retail&Wholesale6.8 1.9Passenger Travel1.0 3.3Hospitality&Leisure5.7 2.9Total38.0 2.1c.30%of the Wholesale boo

84、k is secured,increasing to c.60%for the selected sectorsc.33%synthetic protectionc.33%synthetic protection1 1against c.54bn of funded on-balance sheet exposure in the Corporate lending portfoliooc.42%synthetic protection on an exposure at default basis for the Corporate lending portfolio oTotal whol

85、esale loans coverage ratio of 0.8%does not reflect first loss protection 1.8%2.0%1.7%1.7%1.6%1.4%1.0%1.0%1.0%1.0%1.0%0.9%0.9%0.8%1.0%0.8%0.8%0.8%0.6%0.3%0.2%0.3%0.2%0.3%0.2%0.2%Q120Q220Q320Q420Q121Q221Q321Q421Q122Q222Q322Q422Q12330 days90 days2.7%2.4%2.3%2.5%2.1%1.6%1.5%1.6%1.6%1.4%2.0%2.2%2.3%1.5%1

86、.4%1.1%1.4%1.2%0.9%0.7%0.8%0.8%0.7%0.8%1.2%1.2%Q120Q220Q320Q420Q121Q221Q321Q421Q122Q222Q322Q422Q12330 days90 days29|Barclays Q1 2023 Results|27 April 2023Risk weighted assets1FX on credit risk,counterparty credit risk and standardised market risk RWAs|Note:Charts may not sum due to rounding|Q123 RWA

87、 movements(bn)336.5338.43.2 0.7 2.1(4.0)Dec-22Book sizeAcquisitions anddisposalsFXOtherMar-23130|Barclays Q1 2023 Results|27 April 2023CET1 ratio within 13-14%target rangeCET1 minimum requirementsUK leverage minimum requirements1Barclays MDA hurdle at 11.4%reflecting the Pillar 2A requirement as per

88、 the PRAs Individual Capital Requirement|2Capital and leverage ratio calculated applying the transitional arrangements of the CRR as amended by CRR II.This includes IFRS 9 transitional arrangements|4.5%2.4%1.5%2.5%0.5%13.6%11.4%11.4%CET1 requirementMar-23 actual3.25%0.525%0.2%4.8%5.1%3.975%3.975%UK

89、LeveragerequirementMar-23 UK averageMar-23 UK spotMDAMDA1 1CCBG-SIIPillar 2APillar 1CCLBBoE minimum leverage requirementRegRegMinMin22CCyBG-SII231|Barclays Q1 2023 Results|27 April 2023Capital structure well managedCapital requirements1and structureBalanced total capital structureBarclays PLC remain

90、ing capital call and maturity profile(bn)21Minimum requirements excludes the confidential institution-specific PRA buffer.AT1 and T2 requirements are efficient requirements|2Prepared on nominal basis which will not reconcile with regulatory or accounting bases due to adjustments|Note:Charts may not

91、sum due to rounding|CET1 MDA hurdle:11.4%AT1:2.3%T2:3.1%CET1:13.6%(46.0bn)AT1:4.1%(13.7bn)T2:2.5%(8.5bn)16.7%total 16.7%total capital capital requirementrequirement20.2%20.2%total total capital ratiocapital ratioMar-23 capital requirementMar-23 capital structureT1 requirement13.7%T1 ratio17.6%Surplu

92、s over CET1 MDA as we run a 13-14%targetSurplus over T1 requirement to manage FX and RWA movements,as well as deployment into high returning leverage balance sheet opportunities(e.g.Financing)Surplus over total capital requirement,with a lower reliance on T2AT1Tier 21.92.82.01.16.0202320242025202620

93、27+1.01.70.60.95.520232024202520262027+By contractual maturityFirst or next call/reset date32|Barclays Q1 2023 Results|27 April 20231Goodwill and Intangibles includes a 2 pence per share impact relating to the acquisition of Kensington Mortgage Company|TNAV per shareQoQTNAV movements(pence per share

94、)29530111721(5)(3)(3)(3)(1)Dec-22AttributableprofitCash flow hedgereserveShare buybackPensionremeasurementDividends paidCurrencytranslationreserveOwn creditreserveGoodwill andIntangiblesOtherMar-23133|Barclays Q1 2023 Results|27 April 2023Income up 11%YoY Income up 11%YoY with diverse sources of gro

95、wth across the Group as well as the benefit from USD appreciationCosts of 4.1bn Costs of 4.1bn(Q122:4.1bn)in line with prior year,including the non-repeat of certain litigation and conduct items Group operating expenses excluding L&C increased to 4.1bn(Q122:3.6bn)Group operating expenses excluding L

96、&C increased to 4.1bn(Q122:3.6bn)reflecting the impact of business growth,inflation and USD appreciation The Group delivered positive statutory cost:income jaws and a cost:income ratio of 57%Credit impairment charges were 0.5bn,with an LLR of 52bps,within the guided range Credit impairment charges w

97、ere 0.5bn,with an LLR of 52bps,within the guided range of 50of 50-60bps,60bps,reflecting higher US cards balances and the continuing normalisation anticipated in US cards delinquencies.Coverage ratios remain strongAttributable profit of 1.8bnAttributable profit of 1.8bngenerated EPS of 11.3p EPS of

98、11.3p and RoTE of 15.0%RoTE of 15.0%Q123 Group Financial HighlightsThree months ended(m)Three months ended(m)MarMar-2323MarMar-2222%change%changeIncomeIncome7,2376,496+11%Operating costs(4,111)(3,588)-15%Litigation and conduct 1(523)Total operating expensesTotal operating expenses(4,110)(4,110)(4,11

99、1)(4,111)Other net expenses(5)(10)+50%Profit before impairmentProfit before impairment3,1223,1222,3752,375+31%+31%Credit impairment chargesCredit impairment charges(524)(141)Profit before taxProfit before tax2,5982,5982,2342,234+16%+16%Tax charge(561)(614)+9%Profit after taxProfit after tax2,0372,03

100、71,6201,620+26%+26%Non-controlling interests(8)(1)Other equity instrument holders(246)(215)-14%Attributable profitAttributable profit1,7831,7831,4041,404+27%+27%Performance measuresPerformance measuresMarMar-2323DecDec-2222MarMar-2222Basic earnings per share11.3p6.5p8.4pRoTE15.0%8.9%11.5%Cost:income

101、 ratio57%69%63%Loan loss rate52bps49bps15bpsBalance sheet and capitalBalance sheet and capitalMarMar-2323DeDec c-2222MarMar-2222RWAs338.4bn336.5bn328.8bnTNAV per share301p295p294pCET1 ratio13.6%13.9%13.8%34|Barclays Q1 2023 Results|27 April 2023Income up 19%YoY Income up 19%YoY capturing the benefit

102、 from rising interest ratesNIM increased+8bps QoQto 3.18%CostsCostsup+9%YoY up+9%YoY as ongoing efficiency savings were offset by the impact of inflation and increased investment spendImpairment charge of 113mImpairment charge of 113mreflecting an increase due to a partial return to more normalised

103、levels of customer behaviourLoans increased 3.1bn Loans increased 3.1bn QoQQoQprimarily reflecting the acquisition of Kensington Mortgage Company(KMC)Customer deposits at amortised cost decreased 1%in the quarter to 254.3bn.Customer deposits at amortised cost decreased 1%in the quarter to 254.3bn.In

104、creases in savings product balances were more than offset by reduced current account and business banking deposits,reflecting broader market trends.The loan:deposit ratio remains at 90%(Dec-22:87%)Q123 Barclays UK Financial HighlightsThree months ended(m)Three months ended(m)MarMar-2323MarMar-2222%c

105、hange%changePersonal Banking1,2531,022+23%Barclaycard Consumer UK247276-11%Business Banking461351+31%IncomeIncome1,9611,9611,6491,649+19%+19%Operating costs(1,092)(998)-9%Litigation and conduct(2)(9)+78%Total operating expensesTotal operating expenses(1,094)(1,094)(1,007)(1,007)-9%9%Other net income

106、Profit before impairmentProfit before impairment867867642642+35%+35%Personal Banking(28)21Barclaycard Consumer UK(83)(44)-89%Business Banking(2)(25)+92%Credit impairment chargesCredit impairment charges(113)(113)(48)(48)-135%135%Profit before taxProfit before tax754754594594+27%+27%Attributable prof

107、itAttributable profit515515396396+30%+30%Performance measuresPerformance measuresMarMar-2323DecDec-2222MarMar-2222RoTE20.0%18.7%15.6%Average allocated tangible equity10.3bn10.2bn10.1bnCost:income ratio56%58%61%Loan loss rate20bps27bps9bpsNIM3.18%3.10%2.62%Mortgages gross lending16.8bn8.1bn6.9bnBalan

108、ce sheet and capitalBalance sheet and capitalMarMar-2323DecDec-2222MarMar-2222L&Ato customers at amortised cost208.2bn205.1bn207.3bnUK mortgages2166.3bn162.2bn159.1bnUK cards9.0bn9.2bn8.4bnCustomer deposits at amortised cost254.3bn258.0bn260.3bnLoan:deposit ratio90%87%85%RWAs74.6bn73.1bn72.7bn2.54%2

109、.55%2.49%2.49%2.62%2.71%3.01%3.10%3.18%Q121Q221Q321Q421Q122Q222Q322Q422Q123BUK NIM1Excludes the Kensington Mortgages Company acquired balances|2Mar-23 includes 2.1bn of balances relating to the acquisition of Kensington Mortgages Company|35|Barclays Q1 2023 Results|27 April 2023Income up 9%Income up

110、 9%Diversified income profile across businesses and geographies9%appreciation of average USD against GBP 9%appreciation of average USD against GBP was a tailwind to income and profits,and a headwind to impairment and costsOperating costs excluding L&C up 18%Operating costs excluding L&C up 18%reflec

111、ting continued investment in the businessImpairment charge of 0.4bn Impairment charge of 0.4bn reflecting higher balances and the continuing normalisation in delinquenciesRWAs increased 0.3bn RWAs increased 0.3bn QoQQoQto 255.1bnto 255.1bnmainly supporting increased client and trading activity withi

112、n Global Markets,partially offset by strengthening of USD against GBPQ123 Barclays International Financial HighlightsThree months ended(m)Three months ended(m)MarMar-2323MarMar-2222%change%changeIncomeIncome5,2825,2824,8244,824+9%+9%Operating costs(2,956)(2,505)-18%Litigation and conduct 3(513)Total

113、 operating expensesTotal operating expenses(2,953)(2,953)(3,018)(3,018)+2%+2%Other net income38-63%Profit before impairmentProfit before impairment2,3322,3321,8141,814+29%+29%Credit impairment chargesCredit impairment charges(404)(404)(101)(101)Profit before taxProfit before tax1,9281,9281,7131,713+

114、13%+13%Attributable profitAttributable profit1,3481,3481,3001,300+4%+4%Performance measuresPerformance measuresMarMar-2323DecDec-2222MarMar-2222RoTE14.5%6.4%14.8%Average allocated tangible equity37.1bn38.9bn35.1bnCost:income ratio56%71%63%Loan loss rate94bps75bps28bpsNIM5.87%5.71%4.15%Balance sheet

115、and capitalBalance sheet and capitalMarMar-2323DecDec-2222MarMar-2222RWAs255.1bn254.8bn245.1bn36|Barclays Q1 2023 Results|27 April 2023CIB income of 3,976m CIB income of 3,976m represented the best Q1 on a comparable basis19%appreciation of average USD against GBP 9%appreciation of average USD again

116、st GBP was a tailwind to income and profits,and a headwind to impairment and costsGlobal MarketsGlobal Marketsincome of 2,492,down 8%,against a record prior year comparator FICC up 9%FICC up 9%driven by strength in creditEquities down 33%Equities down 33%driven by decline in derivatives income refle

117、cting less volatile equity market conditions relative to prior yearInvestment Banking fees down 7%,Investment Banking fees down 7%,due to the reduced fee pool2,partially offset by a strong performance in Advisory which had its best Q1 performance1Corporate lending income down 24%Corporate lending in

118、come down 24%mainly driven by cost of higher credit protectionTransaction banking income up 68%Transaction banking income up 68%representing the best Q1 performance1,driven by improved margins in the higher rate environment in depositsOperating costs excluding L&C up 15%Operating costs excluding L&C

119、 up 15%driven by continued investment in talent,systems and technology,and the impact of appreciation of average USD and inflationPrior year litigation and conduct reflects a 320m charge for the US Over-issuance of SecuritiesImpairment charge of 33m Impairment charge of 33m driven by single name cha

120、rges,partially offset by the benefit of credit protection RWAs increased 0.9bn QoQ to 216.8bnRWAs increased 0.9bn QoQ to 216.8bnmainly supporting increased client and trading activity within Global Markets,partially offset by strengthening of GBP vs.USDQ123 Corporate&Investment Bank Financial Highli

121、ghtsThree months ended(m)Three months ended(m)MarMar-2323MarMar-2222%change%changeFICC1,7881,644+9%Equities7041,052-33%Global MarketsGlobal Markets2,4922,4922,6962,696-8%8%Advisory212185+15%Equitycapital markets5047+6%Debt capital markets341416-18%Investment Banking feesInvestment Banking fees603603

122、648648-7%7%Corporate lending95125-24%Transaction Banking786469+68%CorporateCorporateBankBank881881594594+48%+48%TotalTotalIncomeIncome3,9763,9763,9383,938+1%+1%Operating costs(2,202)(1,921)-15%Litigation and conduct3(318)Total operating expensesTotal operating expenses(2,199)(2,199)(2,239)(2,239)+2%

123、+2%Other net incomeProfit before impairmentProfit before impairment1,7771,7771,6991,699+5%+5%Credit impairment(charges)/releasesCredit impairment(charges)/releases(33)(33)3333Profit before taxProfit before tax1,7441,7441,7321,732+1%+1%Attributable profitAttributable profit1,2091,2091,3161,316-8%8%Pe

124、rformance measuresPerformance measuresMarMar-2323DecDec-2222MarMar-2222RoTE15.2%5.4%17.1%Average allocated tangible equity31.8bn33.7bn30.8bnCost:income ratio55%77%57%Balance sheet and capitalBalance sheet and capitalMarMar-2323DecDec-2222MarMar-2222RWAs216.8bn215.9bn213.5bn1On a comparable basis,per

125、iod covering 2014-Q123.Pre 2014 data was not restated following re-segmentation in 2016|2Dealogic for the period covering 1 January to 31 March 2023|37|Barclays Q1 2023 Results|27 April 2023Income up 47%Income up 47%with growth across all businessesInternational Cards and Consumer Bank income up 67%

126、International Cards and Consumer Bank income up 67%reflecting higher cards balances and improved margins,including the Gap portfolio acquisition in Q222Private Bank income up 21%Private Bank income up 21%reflecting client balance growth and improved marginsPayments income up 10%Payments income up 10

127、%driven by merchant acquiring turnover growthTotal US cards balances increased 30%Total US cards balances increased 30%reflecting post pandemic recovery and acquisition of the Gap portfolio Merchant acquiring volumes continue to recover Merchant acquiring volumes continue to recover following the ea

128、sing of lockdown restrictionsOperating costs excluding L&C up 29%Operating costs excluding L&C up 29%driven by higher investment spend to support growth,mainly in marketing and partnership costs,including the Gap portfolio acquisition,and the impact of appreciation of average USD and inflationImpair

129、ment increased to(0.4)bn Impairment increased to(0.4)bn driven by higher balances in US cards,including Gap portfolio,and the continuing normalisation in delinquenciesQ123 Consumer Cards&Payments Financial HighlightsThree months ended(m)Three months ended(m)MarMar-2323MarMar-2222%change%changeIntern

130、ationalCards&Consumer Bank900538+67%Private Bank258214+21%Payments148134+10%Total IncomeTotal Income1,3061,306886886+47%+47%Operating costs(754)(584)-29%Litigation and conduct(195)Total operating expensesTotal operating expenses(754)(754)(779)(779)+3%+3%Other net income38-63%Profit before impairment

131、Profit before impairment555555115115Credit impairment chargesCredit impairment charges(371)(371)(134)(134)-177%177%Profit/(loss)before taxProfit/(loss)before tax184184(19)(19)Attributable profit/(loss)Attributable profit/(loss)139139(16)(16)Performance measuresPerformance measuresMarMar-2323DecDec-2

132、222MarMar-2222RoTE10.5%13.0%(1.5)%Average allocated tangible equity5.3bn5.2bn4.3bnCost:income ratio58%60%88%Loan loss rate332bps245bps145bpsNIM8.42%8.40%6.56%US cards end net receivables$28.5bn$29.2bn$21.9bnClient assets&liabilities141.5bn139.4bn126.9bnValue of payments processed80.9bn78.2bn73.5bnBa

133、lance sheet and capitalBalance sheet and capitalMarMar-2323DecDec-2222MarMar-2222RWAs38.2bn38.9bn31.6bn38|Barclays Q1 2023 Results|27 April 2023Income of(6)m Income of(6)m Primarily reflecting hedge accounting and treasury itemsThe prior year includes a one-off gain of 86m from the sale and leasebac

134、k of UK data centresOperating expenses excluding L&C of 63m(Q122:86m)Operating expenses excluding L&C of 63m(Q122:86m)RWAs of 8.8bn RWAs of 8.8bn(Q422:8.6bn)Q123 Head Office Financial HighlightsThree months ended(m)Three months ended(m)MarMar-2323MarMar-2222%change%changeIncomeIncome(6)(6)2323Operat

135、ing costs(63)(85)+26%Litigation and conduct(1)Total operating expensesTotal operating expenses(63)(63)(86)(86)+27%+27%Other net expenses(8)(18)+56%Loss before impairmentLoss before impairment(77)(77)(81)(81)+5%+5%Credit impairment(charges)/releasesCredit impairment(charges)/releases(7)(7)8 8Loss bef

136、ore taxLoss before tax(84)(84)(73)(73)-15%15%Attributable lossAttributable loss(80)(80)(292)(292)+73%+73%Performance measuresPerformance measuresMarMar-2323DecDec-2222MarMar-2222Average allocated tangible equity0.2bn(2.4)bn3.6bnBalance sheet and capitalBalance sheet and capitalMarMar-2323DecDec-2222

137、MarMar-2222RWAs8.8bn8.6bn11.0bn39|Barclays Q1 2023 Results|27 April 2023Exchange rates and share count information1This sensitivity is based on the modelled performance of the consumer and corporate banking book only,including the impact of both the product and equity structural hedges.It provides t

138、he absolute annual impact on Group NII over the next three years,for illustrative purposes only,and is based on a number of assumptions regarding variables which are subject to change.Such assumptions might also differ from those underlying the AEaRcalculation in the Barclays PLC Annual Report 2022|

139、2The number of shares of 15,701m as at 31 March is different from the 15,688m quoted in the 3 April 2023 announcement because the share buyback transactions executed on 30 and 31 March 2023 did not settle until3 April 2023 and 4 April 2023 respectively|3Based on an average of FY20,FY21 and FY22 inco

140、me,and FY20,FY21 and FY22 costs currency mix.Range may vary depending on business mix and macroeconomic environment and historical outcomes may not be indicative of future currency mix|Exchange ratesExchange ratesMarMar-2323DecDec-2222MarMar-2222YoYYoY%changechangePeriod end USD/GBP1.231.211.31(6)%3

141、 month average USD/GBP1.221.171.34(9)%Period end EUR/GBP1.141.131.19(4)%3 month average EUR/GBP1.131.151.20(6)%Share count informationShare count informationMarMar-2323DecDec-2222MarMar-2222Period end number of shares(m)215,70115,87116,762%USD exposure%USD exposure3 3IncomeIncomeCostsCostsGroupGroup

142、c.40c.40-45%45%c.30%c.30%Corporate andInvestment Bank50-60%c.40%Consumer Cards&Payments60-70%45-50%USD exposurellustrative sensitivity of Group NII to a parallel shift in interest rate curves(m)llustrative sensitivity of Group NII to a parallel shift in interest rate curves(m)1 1Year 1Year 1Year 2Ye

143、ar 2Year 3Year 325bps upward25bps upwardc.150c.150c.300c.300c.450c.450Structural hedgec.65c.200c.350Otherc.85c.100c.100Interest rate sensitivity40|Barclays Q1 2023 Results|27 April 2023DisclaimerImportantImportantNoticeNoticeThe terms Barclays or Group refer to Barclays PLC together with its subsidi

144、aries.The information,statements and opinions contained in this presentation do not constitute a public offer under any applicable legislation,an offer to sell or solicitationofany offer to buy any securities or financial instruments,or any advice or recommendation with respect to such securities or

145、 other financial instruments.Information relating to:regulatorycapital,leverage,liquidityandresolutionisbasedonBarclaysinterpretationofapplicablerulesandregulationsascurrentlyinforceandimplementedintheUK,including,butnotlimitedto,CRDIV(asamendedbyCRDVapplicableasatthereportingdate)andCRR(as amendedb

146、yCRRII applicableasatthereportingdate)textsandanyapplicabledelegated acts,implementingactsortechnical standardsand assuchrulesandregulationsform partof domesticlaw byvirtueofthe EuropeanUnion(Withdrawal)Act2018,asamended.Allsuchregulatoryrequirements aresubjecttochangeanddisclosuresmadebytheGroupwil

147、lbesubjecttoanyresultingchangesasattheapplicablereportingdate;MREL is based on Barclays understanding of the Bank of Englands policy statement on The Bank of Englands approach to setting a minimum requirement for own funds and eligible liabilities(MREL)published in December 2021,updating the Bank of

148、 Englands June 2018 policy statement,and its MRELrequirements communicated to Barclays by the Bank of England.Binding future MREL requirements remain subject to changeincluding at the conclusionof the transitional period,as determined by the Bank of England,taking into account a numberof factors as

149、described in the policy,alongwith internationaldevelopments.ThePillar2Arequirementisalsosubjecttoatleastannualreview;futureregulatorycapital,liquidity,fundingand/orMREL,includingforward-lookingillustrations,areprovidedforillustrativepurposesonlyandarenotforecastsofBarclaysresultsofoperationsorcapita

150、lpositionorotherwise.Illustrationsregardingthecapitalflightpath,end-statecapitalevolutionandexpectationsandMRELbuildarebasedoncertainassumptionsapplicableatthedateofpublicationonlywhichcannotbeassuredandaresubjecttochange.ImportantImportantinformationinformationInpreparingtheESGinformationinthisResu

151、ltsPresentationwehave:(i)madeanumberofkeyjudgements,estimationsandassumptions,andtheprocessesandissuesinvolvedarecomplex.Thisisforexamplethecaseinrelationtofinancedemissions,portfolioalignment,classificationofenvironmentalandsocialfinancing,operationalemissionsandmeasurementofclimaterisk(ii)usedESGa

152、ndclimatedata,modelsandmethodologiesthatweconsidertobeappropriateandsuitableforthesepurposesasatthedateonwhichtheyweredeployed.However,thesedata,modelsandmethodologiesaresubjecttofuturerisksanduncertaintiesandmaychangeovertime.Theyarenotofthesamestandardasthose availableinthecontextofotherfinanciali

153、nformation,nor subjecttothesameorequivalentdisclosurestandards,historicalreferencepoints,benchmarksor globallyaccepted accountingprinciples.Thereisaninability torelyon historicaldataas astrongindicatoroffuturetrajectories,inthe caseofclimatechangeanditsevolution.Outputsofmodels,processeddataandmetho

154、dologieswillalsobeaffectedbyunderlyingdataqualitywhichcanbehardtoassessorchallengesinaccessingdataonatimelybasis(iii)continued(andwillcontinue)toreviewanddevelopourapproachtodata,modelsandmethodologiesinlinewithmarketprinciplesandstandardsasthissubjectareamatures.Thedata,modelsandmethodologiesusedan

155、dthejudgementsestimatesorassumptionsmadearerapidlyevolvingandthismaydirectlyorindirectly affectthemetrics,datapoints and targetscontainedinthe climate andsustainabilitycontentwithinthis presentation and the Barclays PLCAnnual Report.Further developmentofaccounting and/orreporting standards couldimpa

156、ct(potentiallymaterially)the performancemetrics,data points and targetscontainedinthispresentationandtheBarclaysPLCAnnualReport.Infuturereportswemaypresentsomeoralloftheinformationforthisreportingperiodusingupdatedormoregranulardataorimprovedmodels,methodologies,marketpracticesorstandardsorrecalibra

157、tedperformanceagainsttargetsonthebasisof updated data.Such re-presented,updated or recalibrated information may result in different outcomes than those included in this presentation and the Barclays PLC Annual Report.It is important for readers and users of this report to be aware that direct like-f

158、or-like comparisons of each piece of informationdisclosed may not always be possible from one reporting period to another.Where information is re-presented,recalibrated or updated from time to time,our principles based approach to reporting financed emissions data(see page 87)sets out when informati

159、on in respect of a prior year will be identified andexplainedInformationInformationprovidedprovidedin inclimateclimateandandsustainabilitysustainabilitydisclosuresdisclosuresWhat is important toour investors and stakeholders evolves over time and we aim to anticipate and respond to these changes.Dis

160、closure expectationsin relation to climate change and sustainability matters are particularly fast moving and differ in some ways from more traditional areas of reporting in the level ofdetail andforward-lookingnatureof theinformationinvolved andthe considerationofimpactsonthe environment andother p

161、ersons.We have adaptedourapproachinrelationto disclosureofsuchmatters.Our disclosures takeinto accountthewidercontextrelevant tothesetopics,including evolvingstakeholderviews,and longer time-frames for assessing potential risksand impacts having regard tointernationallong-termclimate and nature-base

162、d policy goals.Ourclimateand sustainability-relateddisclosures aresubjectto moreuncertainty than disclosures relating toother subjects givenmarket challenges inrelationtodatareliability,consistencyandtimeliness,andinrelationtotheuseofestimatesandassumptionsandtheapplicationanddevelopmentofmethodolog

163、ies.Thesefactorsmeandisclosuresmaybeamended,updated,andrecalculatedinfutureasmarketpracticeanddataqualityandavailabilitydevelops.ForwardForward-lookinglookingStatementsStatementsThis presentation contains certain forward-looking statements within the meaning of Section 21E of the US Securities Excha

164、nge Act of 1934,as amended,and Section 27A of the US Securities Act of 1933,as amended,with respect to the Group.Barclays cautions readers that no forward-looking statement is a guarantee of future performance and that actual results or other financial condition or performance measures could differ

165、materially from those contained in the forward-looking statements.Forward-looking statements can be identified by the fact that they do not relate only to historical or current facts.Forward-looking statements sometimes use words such as may,will,seek,continue,aim,anticipate,target,projected,expect,

166、estimate,intend,plan,goal,believe,achieve or other words of similar meaning.Forward-looking statementscan be made in writing but also may be made verbally by directors,officers and employees of the Group(including during management presentations)in connection with this presentation.Examples of forwa

167、rd-looking statements include,among others,statements or guidance regarding or relating to the Groups future financial position,income levels,costs,assets and liabilities,impairment charges,provisions,capital,leverage and other regulatory ratios,capital distributions(including dividend policy and sh

168、are buybacks),return on tangible equity,projected levels of growth in banking and financial markets,industry trends,any commitments and targets(including environmental,social and governance(ESG)commitments and targets),business strategy,plans and objectives for future operations and other statements

169、 that are not historical or current facts.By their nature,forward-looking statements involve risk and uncertainty because they relate to future events and circumstances.Forward-looking statements speak only as at the date on which they are made.Forward-looking statements may be affected by a number

170、of factors,including,without limitation:changes in legislation,regulation and the interpretation thereof,changes in IFRS and other accounting standards,including practices with regard to the interpretation and application thereof and emerging and developing ESG reporting standards;the outcome of cur

171、rent and future legal proceedingsand regulatory investigations;the policies and actions of governmental and regulatory authorities;the Groups ability alongwith governments and other stakeholders to measure,manage and mitigate the impacts of climate change effectively;environmental,social and geopoli

172、tical risks and incidents andsimilar events beyond the Groups control;the impact of competition;capital,leverage and other regulatory rules applicable to past,current and future periods;UK,US,Eurozone and global macroeconomic and business conditions,including inflation;volatility in credit and capit

173、al markets;market related risks such as changes in interest rates and foreign exchange rates;higher or lower asset valuations;changes in credit ratings of any entity within the Group or any securities issued by it;changes in counterparty risk;changes in consumer behaviour;the direct and indirect con

174、sequences of the Russia-Ukraine war on European andglobal macroeconomic conditions,political stability and financial markets;direct and indirect impacts of the coronavirus(COVID-19)pandemic;instability as a result of the UKs exit from the European Union(EU),the effects of the EU-UK Trade and Coopera

175、tion Agreement and any disruption that may subsequently result in the UK and globally;the risk of cyber-attacks,information or security breaches or technology failures on the Groups reputation,business or operations;the Groups ability to access funding;and the success of acquisitions,disposals and o

176、ther strategic transactions.A number of these factors are beyond the Groups control.As a result,the Groups actual financial position,results,financial and non-financial metrics or performance measures or its ability to meet commitments and targets may differ materially from the statements or guidanc

177、e set forth in the Groups forward-looking statements.Additional risks and factors which may impact the Groups future financial condition and performance are identified in Barclays PLCs filings withthe SEC(including,without limitation,Barclays PLCs Annual Report on Form 20-F for the financial year en

178、ded 31 December 2022),which are available on the SECs website at www.sec.gov.Subject to Barclays PLCs obligations under the applicable laws and regulations of any relevant jurisdiction(including,withoutlimitation,the UK and the US)in relation to disclosure and ongoing information,we undertake no obl

179、igation to update publiclyor revise any forward-looking statements,whether as a result of new information,future events or otherwise.NonNon-IFRSIFRSPerformancePerformanceMeasuresMeasuresBarclays management believes that the non-IFRS performance measures included in this presentation provide valuable

180、 information to the readers of the financial statements as they enable the reader to identify a more consistent basis for comparing the businesses performance between financial periods andprovidemoredetail concerningtheelementsofperformancewhichthemanagersofthesebusinessesaremostdirectlyableto influ

181、enceorarerelevantforan assessmentoftheGroup.TheyalsoreflectanimportantaspectofthewayinwhichoperatingtargetsaredefinedandperformanceismonitoredbyBarclaysmanagement.However,any non-IFRS performancemeasuresinthisdocument are notasubstituteforIFRS measuresandreadersshouldconsiderthe IFRS measures aswell.Non-IFRS performancemeasures aredefined andreconciliationsareavailableonour results announcementforthe periodended31March2023.