#1Barclays PLC Fixed Income Investor Presentation Q1 2021 Results Announcement 30 April 2021#2STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY CREDIT RATINGS ESG Strategy, Targets and Guidance DIVISIONS & LEGAL ENTITIES APPENDIX#3STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY CREDIT RATINGS ESG DIVISIONS & LEGAL ENTITIES APPENDIX Strong Q121 performance driven by continued robust CIB income and reduced impairment charges Diversified strategy continuing to deliver with a record quarterly Group PBT of £2.4bn¹ delivering a RoTE of 14.7% Continued robust CIB performance with record income in Banking and Equities2, offset by lower FICC income vs. a strong comparative Q121 Financial highlights £5.9bn Income 61% Cost: income ratio Early signs of consumer recovery, although growth in unsecured lending balances expected to lag pick-up in spend Costs reflecting investment for growth, with higher variable compensation and some ongoing COVID-related costs Lower impairment charges driven by reduced unsecured lending balances, but coverage levels maintained with total impairment allowance of £8.8bn Impairment £55m charge £2.4bn PBT 14.7% ROTE Strong balance sheet, with CET1 ratio well above 13-14% target range Growth opportunities, including new partnership with Gap Inc. in US Cards and c.£900m income growth ambition across Payments 1 Since Q308 which included material adjusting items | 2 On a comparable basis. Period covering Q114-Q121. Pre 2014 financials not restated following re-segmentation in Q116 | 3 | Barclays Q1 2021 Fixed Income Investor Presentation 14.6% CET1 ratio 267p TNAV#4STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY CREDIT RATINGS ESG DIVISIONS & LEGAL ENTITIES Strong balance sheet underpinning returns potential Q121 metrics Group targets Group ROTE Group RoTE/profitability Cost efficiency 14.7% Cost efficiency >10% ROTE over time, with meaningful year on year improvement in 2021 APPENDIX <60% cost: income ratio over time 61% cost: income ratio CET1 ratio Capital distributions CET1 ratio between 13-14% CET1 ratio 14.6% 4 | Barclays Q1 2021 Fixed Income Investor Presentation Barclays understands the importance of delivering attractive total cash returns to shareholders#5STRATEGY, TARGETS CAPITAL PERFORMANCE ASSET QUALITY & GUIDANCE & LEVERAGE MREL, FUNDING & LIQUIDITY CREDIT RATINGS ESG DIVISIONS & LEGAL ENTITIES APPENDIX Outlook: Barclays continues to benefit from diversification Returns Expect meaningful year-on-year ROTE improvement in 2021 Income The CIB franchise remains well positioned while the income outlook for the consumer businesses remains uncertain, despite early signs of spend recovery Costs Expect full year 2021 costs to be above 2020, reflecting investment in the Group's franchises for future returns Impairment Capital 2021 impairment charge expected to be materially below that of 2020. If improved. macroeconomic indicators persist, Barclays would expect to reduce the impairment provision level Barclays remains in a strong capital position, although certain headwinds are likely in 2021 Outlook remains uncertain and subject to change depending on the evolution and persistence of the COVID-19 pandemic | 5 | Barclays Q1 2021 Fixed Income Investor Presentation#6STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG & LEVERAGE & LIQUIDITY DIVISIONS & LEGAL ENTITIES Diversified banking model provides resilience through economic cycles Diversified by customer and client Diversified by geography Diversified by income type 13% 14% 21% Q121 Group income by customer¹ 6% 10% 40% Consumer UK Consumer International Consumer & Payments Business Banking 52% 36% 60% Wholesale Banking fees UK Markets Corporate 52% UK Excludes negative income from Head Office | 2 Based on location of office where transactions recorded | 6 Barclays Q1 2021 Fixed Income Investor Presentation FY20 Group income by geography2 5% 9% 34% 31% 48% Non-UK Americas Europe Other Q121 Group income by type 69% APPENDIX 31% NII Net interest income 69% Other income Fees, commission and other income#7STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY CREDIT RATINGS ESG DIVISIONS & LEGAL ENTITIES APPENDIX Consumer spending recovered during Q121 while mortgage activity remained robust Cards spending Ô Merchant acquiring turnover3 Change in monthly spend YoY (%) Change in monthly turnover YoY (%) UK credit cards¹ US credit cards UK debit and credit cards² 20% Corporate SME 6% 1% 10% 0% 10% 11% 0% A Mortgages Mortgage application values (£bn) 5.0 4.3 4.2 4.0 3.9 3.6 3.6 -10% -14% -20% -16% 18% 24% -30% -29% 0% -10% -2% -8% -12% -20% -30% -26% -30% -40% -40% -40% -50% -50% Jan-21 Feb-21 Mar-21 Jan-21 Feb-21 Mar-21 7 | Barclays Q1 2021 Fixed Income Investor Presentation 0.9 3.2 3.0 2.8 1.2 2.9 Lockdown easing has led to a recovery in spend Payments processed have increased in April Q121 mortgage application values remained robust, with pricing at attractive margins 1 UK credit cards spend excludes balance transfers | 2 Data based on Barclays debit and credit card transactions, as per the monthly Barclays Spend Trends 2.0 report | 3 Based on the value of transactions. Corporate includes turnover associated with Government savings products | Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21#8STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG & LEVERAGE & LIQUIDITY DIVISIONS & LEGAL ENTITIES Barclays is well positioned to monetise growth in capital markets activity APPENDIX Global equity market capitalisation¹ and bonds outstanding² has increased 44% since 2018 Q121 Markets and Banking fee income has increased 55% since 2019 $174tn $176tn +44% vs. 2018 +55% vs. Q119 $146tn Markets & Banking fee income £3.1bn £3.0bn £1.9bn $69tn $71tn +30% vs. 2018 $123tn 17.9% $59tn $53tn $103tn $108tn +54% vs. 2018 Corporate & Investment Bank ROTE 9.3% $87tn $70tn 2018 2019 2020 Mar 2021 Equities Bonds 12.5% Q119 Q120 Q121 1 Source: Bloomberg WCAUWRLD Index representing the market capitalization from all shares outstanding. Data does not include ETFs and ADRS | 2 Bonds represents debt issuance outstanding for Investment Grade (Source: Bloomberg Barclays Global Aggregate Index LEGATRUU) and high yield (Source: Bloomberg Barclays Global High Yield Index LG30TRUU) | 8 Barclays Q1 2021 Fixed Income Investor Presentation#9STRATEGY, TARGETS CAPITAL PERFORMANCE ASSET QUALITY & GUIDANCE & LEVERAGE MREL, FUNDING & LIQUIDITY CREDIT RATINGS ESG DIVISIONS & LEGAL ENTITIES APPENDIX Growth opportunities underscored by strong partnerships Diversifying partnerships to balance the mix between airlines and retail portfolios - recently announced Gap Inc., AARP, and Emirates card program relationships Gap Inc. Emirates Skywards US consumer bank . Broadening product offering, with Gap Inc. relationship covering store AARP Credit Cards cards and a co-branded credit card BARCLAYS . Extending offering to include "buy now pay later" financing for US consumers through a partnership with Amount AMOUNT Point of sale finance . Partnership with Amazon in Germany and announced new point of sale finance relationship in the UK, with the option to extend to other countries Provider of finance for Apple purchases in the UK - intend to partner with other recognised brands 9 | Barclays Q1 2021 Fixed Income Investor Presentation#10STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG & LEVERAGE & LIQUIDITY DIVISIONS & LEGAL ENTITIES APPENDIX Payments represents a c.£900m income growth opportunity for Barclays over three years Lending is all BUK, Corporate £14.8bn and CC&P lending £5.9bn Payments account for 8% of Group total income CAGR FY20-FY23 £406m Unified Payments² Integrated payments solution, focused on UK SMEs, Corporate, e-commerce, and European growth c.20% (+c.£300m) FY20 Group total income¹ £21.8bn £482m £1.7bn £768m Transacting includes Markets and Banking revenues, and income from deposits across the bank Barclays Cubed: Next-gen • Point of sale instalment financing with large corporates Commerce Wholesale payment fees • Fee based digital and data services connecting consumers and merchants at scale c.17% (+c.£300m) Growing annuity income streams with corporates in the UK and Europe Interchange and FX fees • Expect to grow income as the economy recovers c.12% (+c.£300m) Targeting strong double digit CAGR income growth FY20-FY23 across the Group's payments businesses 1 Pie chart excludes negative other income of £0.6bn, including Head Office income of £(502)m and £(101)m related to the revaluation of Visa preference shares | 2 Includes merchant acquiring and gateway services, B2B card issuing, and corporate cards revenues. Excludes £(101)m related to the revaluation of Visa preference shares | 10 Barclays Q1 2021 Fixed Income Investor Presentation#11STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG & LEVERAGE & LIQUIDITY DIVISIONS & LEGAL ENTITIES APPENDIX Barclays has built significant new payment capabilities in an evolving landscape Previously: enabling payments Processing Now: enabling commerce Business intelligence Fraud management Payment acceptance Processing Payment acceptance Multichannel Settlement tokenisation Merchant Settlement Dashboard Merchant Partner integration Customer engagement Subscription packs Invoices Digital loyalty/ receipts Point of sale / Payments hardware B2B virtual payments Financing Corporate cards & procurement Trusted partner: an established regulated bank with significant brand recognition What differentiates Barclays payments proposition? Scale player: #2 merchant acquirer in Europe by transaction volumes, with the ability to grow across geographies Differentiated offering: able to offer a broad product suite to new and existing clients Enhanced data: across the payments landscape, beyond merchant acquiring Invested over £0.5bn in core platforms, new capabilities, and customer experience² Fintech partnering: able to build relationships with start ups to provide innovative solutions to clients 1 May 2020 Nilson Report | 2 Includes re-platforming the merchant acquiring business and investing in enabling commerce | 11 Barclays Q1 2021 Fixed Income Investor Presentation#12STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Barclays Unified Payments Growth will be concentrated in UK SME, e-commerce and Europe as part of an integrated payments solution UK SME growth through digital capabilities and partnership channels An integrated payments solution for corporates in the UK and Europe UK and European expansion through e-commerce Providing payments services to c.350k SMEs. 1.1m Business Banking customers 19k corporate clients of which 12k are Corporate Bank customers 53% of the value of transactions are processed online 26% YOY Strengthening software partnerships: BIGCOMMERCE ERCE F FreshBooks TouchBistro Developing small business credit cards and Smart Business 2.0 for connected onboarding • Partnering with the Corporate Bank to gain access to an international customer base across sectors Set up a specialist sales team aligned to key high-growth e-commerce sectors • Further integrating with the Corporate Bank's servicing platform iPortal iPortal Providing multicurrency capabilities through integration with the CIB's FX solution ° Continuing to scale our e-commerce focused gateway (Smart Pay Fuse) Delivering the ability for businesses to accept payments directly from customer bank accounts through Bank Pay Scaling Precisionpay, our B2B Payments out platform enabling virtual card payments barclaycard Precisionpay Targeting c.20% CAGR income growth FY20-FY23 in unified payments (+c.£300m) All figures on a Q121 basis | 12 Barclays Q1 2021 Fixed Income Investor Presentation#13STRATEGY, TARGETS CAPITAL PERFORMANCE ASSET QUALITY & GUIDANCE & LEVERAGE MREL, FUNDING & LIQUIDITY CREDIT RATINGS ESG DIVISIONS & LEGAL ENTITIES APPENDIX Digitisation of Commerce through Barclays Payments Ecosystem Creating a multiway value-exchange ecosystem by connecting millions of consumers and businesses • • Barclays Cubed: Next-gen Commerce c.1.9m digitally engaged consumers using Next-gen Commerce Subscription Packs Alternate payment methods Transact Digital Receipts Business Tools & Finance www. services Partner Offers POS Finance Checkout Digital Loyalty Insights & Spend Signals 49 businesses using Next-gen Commerce services Wholesale payment fees 92% iPortal adoption rate for self-service functionality1 Point of sale financing partnership with Amazon in Europe's two largest markets - Germany and UK, with the option to extend to other countries Continued partnerships for point of sale financing with large corporates with significant brand recognition in the UK Digital receipts service launched in the Barclays App with many participating retailers including: KFC HM JUST Alternate finance and business partnerships launched for SMEs (Propel & Smart Pension) Data insights and analytics services provided to partners including: ASDA Dunelm The Home of Homes . ° Growing non-capital intensive, fee based income Continuing build out of European offering in 9 countries and expansion of US capabilities Building out Barclays iPortal digital platform capabilities Targeting c.17% CAGR income growth FY20-FY23 (+c.£300m) iPortal All figures on a Q121 basis | Relates to Corporate Bank clients | 13 | Barclays Q1 2021 Fixed Income Investor Presentation#14STRATEGY, TARGETS CAPITAL PERFORMANCE ASSET QUALITY & GUIDANCE & LEVERAGE MREL, FUNDING & LIQUIDITY DIVISIONS CREDIT RATINGS ESG APPENDIX & LEGAL ENTITIES Barclays investment proposition Our scale, geographic reach and diversification make us a universal bank, delivering financial expertise around the world 1 Resilience through diversification We are a British universal bank diversified by business, geography and income type, serving consumers and wholesale customers and clients globally. This diversification provides resilience through different economic cycles Scale retail and business bank in the UK Top tier global corporate and investment bank Broad international consumer lending, cards, and payments franchise, and private bank 2 Growth opportunities Our diversified model offers us growth opportunities. We intend to grow Barclays by continuing to invest in our core business strengths, and delivering world-class technology and digital capabilities to our customers and clients • • Attractive growth opportunities in markets where we have established businesses today Investing in less capital intensive, technology-led, annuity businesses Opening up potential new income streams and improving cost efficiencies 3 Sustainable impact We understand that our success is judged not only by commercial performance, but also by how we act sustainably and responsibly for each other and the long term. We are agents of change Our ambition to be a net zero bank by 2050 and a commitment to align all our financing activities with the goals of the Paris Climate Agreement Tackling climate change by accelerating the transition to a low-carbon economy Strong balance sheet supporting returns A strong capital base, high levels of liquidity, and diversified profit streams provide a solid foundation for attractive and sustainable return of capital to shareholders Barclays aims to achieve the following targets: • Group returns: ROTE of >10% over time Cost efficiency: cost: income ratio of <60% over time Capital strength: CET1 ratio in the range of 13-14% 14 Barclays Q1 2021 Fixed Income Investor Presentation#15STRATEGY, TARGETS & GUIDANCE PERFORMANCE ASSET QUALITY Performance CAPITAL & LEVERAGE MREL, FUNDING DIVISIONS CREDIT RATINGS ESG APPENDIX & LIQUIDITY & LEGAL ENTITIES#16STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY DIVISIONS CREDIT RATINGS ESG APPENDIX & LEGAL ENTITIES Q121 Group highlights Strong Q121 performance driven by continued robust CIB income and reduced impairment charges Financial performance Income £5.9bn Q120: £6.3bn Costs £3.6bn Q120: £3.3bn Cost: income ratio 61% Q120:52% Impairment £55m Q120: £2,115m PBT £2.4bn Q120: £0.9bn ROTE 14.7% Q120: 5.1% EPS Income decreased 6% reflecting continued headwinds in BUK and CC&P. CIB income was broadly stable with strong performance in Equities and Banking in particular Costs increased to £3.6bn, driven by higher variable compensation accruals reflective of improved returns and continued investment in businesses, partly offset by foreign exchange movements and efficiency savings. COVID-19 related expenses continued in Q121 Credit impairment charges decreased to £55m, reflecting reduced unsecured lending balances and reduced customer defaults Coverage ratios on respective portfolios have been maintained and underlying asset quality metrics remained benign Generated PBT of £2.4bn, ROTE of 14.7% and EPS of 9.9p CET1 ratio of 14.6%, down 50bps from Q420 including the removal of temporary regulatory supporting measures and the £0.7bn share buyback announced with FY20 results (completed in April) RWAs increased £7.2bn from Q420 to £313.4bn Q120 to Q121 profit before tax (£m) 9.9p Q120: 3.5p CET1 ratio 14.6% Dec-20: 15.1% 124 TNAV per share 267p Dec-20: 269p 2,060 2,399 23 Liquidity coverage ratio 360 161% Dec-20: 162% 913 Loan: deposit ratio 69% Dec-20: 71% 315 Q120 CIB Income Consumer and Head Office Income Costs Impairment Other net income Q121 16 Barclays Q1 2021 Fixed Income Investor Presentation#17STRATEGY, TARGETS CAPITAL PERFORMANCE ASSET QUALITY & GUIDANCE & LEVERAGE MREL, FUNDING & LIQUIDITY CREDIT RATINGS ESG DIVISIONS & LEGAL ENTITIES APPENDIX Ongoing strength in CIB income while consumer businesses continued to be impacted by the pandemic (£m) 6,283 5,900 5,338 1,704 5,204 4,941 1,576 Barclays UK 1,467 1,550 1,626 1,027 805 Bl: Consumer, Cards and Payments 694 876 848 3,617 3,594 3,316 Bl: Corporate and Investment Bank 2,905 2,638 (65) Q120 (139) ■ (127). (171). (75) Head Office Q220 Q320 Q420 Q121 Income -8% YoY reflecting deposit margin compression from lower interest rates and lower interest earning lending (IEL) balances, partly offset by strong mortgages performance Income -22% YoY due to lower US cards balances and reduced payments income Income -1% YoY • Markets income -12% +65% in Equities and -35% in FICC (vs. a very strong comparative) Banking fees +35% +5% in Advisory, +292% in ECM and +8% in DCM ° Corporate income +7% +86% in corporate lending, -12% in transaction banking The CIB franchise remains well positioned while the income outlook for the consumer businesses remains uncertain, despite early signs of spend recovery 17 Barclays Q1 2021 Fixed Income Investor Presentation#18STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING PERFORMANCE ASSET QUALITY & LEVERAGE & LIQUIDITY DIVISIONS CREDIT RATINGS ESG APPENDIX & LEGAL ENTITIES Unsecured lending remains subdued, while strong mortgage performance and the steeper yield curve are helpful Unsecured lending BUK: Lower UK cards End Structural hedge -34% YoY 1.5 14.9 12.9 12.1 11.2 9.9 5Y GBP sonia swap rate (%) 1.0 Net Receivables (£bn) Q120 Q220 Q320 Q420 Q121 CC&P: Lower -22% YoY US cards End Net Receivables 24.7 22.0 21.0 21.0 19.3 ($bn) Q120 Q220 Q320 Q420 Q121 Unsecured lending balance growth expected to lag the recovery in spend volumes, with origination costs an income headwind as balances grow BUK: Cards balances also impacted by persistent debt regulation and actions taken to limit risk Mortgages • 0.5 0.0 2016 2017 2018 2019 2020 2021 Gross structural hedge income across the group expected to be £300- 400m lower in FY21 relative to FY20 (£1.7bn), despite the recent steepening of the yield curve Incorporated in FY21 BUK NIM expectation of between 240- 250bps Merchant acquiring +5% YoY -8% YoY CC&P: Lower 78.3 66.4 BUK: Record 57.8 65.3 61.4 payments 25.6 39.4 high mortgage 145.0 145.1 146.4 148.3 151.9 28.1 29.9 32.2 processed 40.8 29.7 38.8 35.4 29.2 balances (£bn) (£bn)¹ Q120 Q220 Q320 Q420 Q121 Q120 Q220 Q320 Q420 Q121 Strong mortgage volumes and margin, with £6.9bn YoY growth in balances (£3.6bn in Q121) to £151.9bn Headwinds to income in Barclays UK are expected to persist in 2021 CC&P income outlook remains uncertain, despite early signs of spend recovery in the US and UK 1 Based on the value of transactions. Includes turnover associated with Government savings products. In-store refers to all non-online transactions | Merchant acquiring turnover expected to recover in line with spend volumes, driving increased payments income In-Store Online 18 Barclays Q1 2021 Fixed Income Investor Presentation#19STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING PERFORMANCE ASSET QUALITY & LEVERAGE & LIQUIDITY CREDIT RATINGS ESG DIVISIONS & LEGAL ENTITIES Costs increased 10%, with a 61% cost: income ratio (Em) 3,826 • 3,467 299 3,578 Bank Levy 3,330 3,263 1,039 Barclays UK 1,120 1,130 1,024 1,028 Bl: Consumer, 572 Cards and 541 514 536 Payments 529 1,601 1,683 1,719 1,690 Bl: Corporate 1,887 and Investment Bank 255 16 Q120 109 92 Q220 Q320 Q420 80 Q121 Head Office APPENDIX Costs increased to £3.6bn, driven by higher variable compensation accruals reflective of improved returns and continued investment in businesses, partly offset by foreign exchange movements and efficiency savings. COVID-19 related expenses continued in Q121 Expect further structural cost actions, with a real estate review expected to be concluded in the coming months and higher variable compensation. COVID-19 related expenses are also expected to remain in 2021 3,263 Q120 to Q121 costs (Em) 20 335 3,578 Q120 Variable compensation accruals Other moves Q121 Expect full year 2021 costs to be above 2020, reflecting investment in the Group's franchises for future returns 19 Barclays Q1 2021 Fixed Income Investor Presentation#20STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY DIVISIONS CREDIT RATINGS ESG APPENDIX & LEGAL ENTITIES Total income Q120 1,704 292 1,412 Q220 Q320 Q420 Q121 1,467 1,550 1,626 1,576 (£m) 242 1,225 270 1,280 309 1,317 295 1,281 NII Non-interest income Net interest margin (NIM) 2.91% 2.48% 2.51% 2.56% 2.54% Q121 Barclays UK ROTE of 12.0% with resilient NIM of 2.54% in a challenging operating environment Financial performance Income £1.6bn Q120: £1.7bn Costs £1.0bn Q120: £1.0bn Cost: income ratio 66% Q120: 60% Impairment £77m Q120: £481m Loan loss rate 14bps Q120: 96bps PBT £460m Q120: £195m ROTE 12.0% Q120: 6.9% Average equity¹ £9.9bn Q120: £10.1bn RWAS £72.7bn Dec-20: £73.7bn Income decreased 8% YoY reflecting the challenging operating environment Impact of lower unsecured lending balances and UK rates, partly offset by income from BBLS2 and CBILS³, and mortgage growth NIM declined 2bps QoQ to 254bps Expect FY21 NIM to be between 240-250bps reflecting subdued demand for unsecured lending and the low rate environment, despite the steepening of the yield curve and continued strong mortgage margins Costs were broadly flat YoY, as higher servicing and financial assistance costs were offset by efficiency savings Impairment charges decreased to £77m from reduced unsecured portfolio exposures, in part driven by lockdown measures Loans remained stable QoQ predominantly from £3.6bn of mortgage growth, offset by a £2.1bn decrease in the Education, Social Housing and Local Authority (ESHLA) portfolio and £1.6bn lower unsecured lending balances Customer deposits 5 increased 3% QoQ reflecting an increase of £6.3bn in Personal Banking, further strengthening the liquidity position and contributing to a loan: deposit ratio of 88% Impairment (£m) and 96 111 43 31 14 loan loss rate (bps) 481 583 233 170 77 Impairment Loan loss rate 202 204 205 206 Loans4 (£bn) 196 248 241 Customer deposits5 (£bn) 232 226 208 1 Average allocated tangible equity | 2 Bounce Back Loan Scheme | 3 Coronavirus Business Interruption Loan Scheme | Loans and advances at amortised cost | 5 Customer deposits at amortised cost | 20 Barclays Q1 2021 Fixed Income Investor Presentation#21STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY DIVISIONS CREDIT RATINGS ESG APPENDIX & LEGAL ENTITIES Q121 Barclays International ROTE of 17.7%, driven by reduced impairment and resilient operating performance Financial performance Income £4.4bn Q120: £4.6bn Costs £2.5bn Q120: £2.2bn Cost: income ratio 56% Q120: 48% Impairment £(22)m Q120: £1.6bn PBT £2.0bn Q120: £0.8bn ROTE 17.7% Q120: 6.8% Average equity¹ £32.3bn Q120: £31.2bn Loan loss rate (7)bps Q120: 377bps RWAS £230.0bn Dec-20: £222.3bn Income decreased 5% YoY - Income diversified by business and geography • 8% depreciation of average USD against GBP was a headwind to income and profits, and a tailwind to impairment, costs and RWAS Cost: income ratio of 56% Impairment release of £22m reflecting lower US cards balances and lower wholesale loan exposures RWAs increased to £230.0bn primarily due to increased client and trading activity within CIB, partly offset by lower US cards balances Balanced income profile across businesses and geographies 805 Business diversity of 599 2,136 Q121 income (£m) 859 7% 13% Geographic diversity of FY20 income² 48% (%) 32% Markets Banking fees Corporate CC&P Americas UK Europe Other Average allocated tangible equity |2 BBPLC FY20 income, based on location of office where transactions were recorded | 21 Barclays Q1 2021 Fixed Income Investor Presentation#22STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG & LEVERAGE & LIQUIDITY DIVISIONS & LEGAL ENTITIES APPENDIX Q121 Barclays International: Corporate & Investment Bank ROTE of 17.9% driven by continued strength in income and reduced impairment Financial performance Income £3.6bn Q120: £3.6bn Costs £1.9bn Q120: £1.7bn Cost: income ratio 53% Q120:47% Impairment £(43)m Q120: £724m PBT £1.8bn Q120: £1.2bn ROTE 17.9% Q120: 12.5% Average equity¹ £28.2bn Q120: £26.2bn Total assets £992bn Dec-20: £984bn RWAS £201.3bn Dec-20: £192.2bn CIB income remained broadly stable YoY at £3.6bn, despite the 8% depreciation of average USD vs. GBP Markets income decreased 12% YoY, although Equities reported their best ever quarter on a comparable basis² FICC decreased 35% YoY vs. a very strong Q120 comparator, as an increase in credit was more than offset by a decline in macro due to tighter spreads and lower client activity levels in certain products Equities increased 65% YoY driven by derivatives, reflecting strong client activity, and financing through increased client balances Banking fees increased 35% YoY, reporting the highest fee quarter ever² with strong performance in equity capital markets reflecting an increase in the feel pool³ Corporate lending income increased 86% YoY driven by the non-recurrence of losses on the mark to market of lending and related hedge positions USD basis($m) Income GBP basis (Em) Q120 Q121 Q120 Q121 YoY YOY -35% -29% FICC 1,858 2,355 1,204 1,662 +65% +78% Equities 1,288 932 564 723 -12% -4% Markets 2,422 2,136 3,078 2,950 +46% +35% Transaction banking income decreased 12% YoY as deposit balance growth was more than offset by margin compression 625 453 Banking 418 538 336 fees 243 62 79 155 163 197 225 Cost: income ratio increased to 53% YoY due to higher costs, driven by increased variable compensation accrual reflecting higher returns Advisory ECM DCM 393 -12% • Impairment release of £43m reflecting no material single name wholesale loan charges and lower exposures 449 Corporate 206 +86% 111 Corporate lending Transaction banking 1 Average allocated tangible equity 12 On a comparable basis. Period covering Q114-Q121. Pre 2014 financials not restated following re-segmentation in Q116 | 3 Source: Dealogic | USD basis is calculated by translating GBP revenues by month for Q121 and Q120 using the corresponding GBP/USD FX rates | 22 Barclays Q1 2021 Fixed Income Investor Presentation#23STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING PERFORMANCE ASSET QUALITY & LEVERAGE & LIQUIDITY CREDIT RATINGS ESG DIVISIONS & LEGAL ENTITIES APPENDIX Q121 Barclays International: Consumer, Cards & Payments ROTE of 16.5% driven by lower impairment, whilst continuing to invest in the business Financial performance Income £0.8bn Q120: £1.0bn Costs £0.6bn Q120: £0.5bn Cost: income ratio 71% Q120: 52% Impairment £21m Q120: £885m Loan loss rate 27bps Q120: 846bps PBT £220m Q120: £(381)m ROTE 16.5% Q120: (23.5)% Average equity¹ £4.1bn Q120: £5.0bn RWAS £28.8bn Dec-20: £30.1bn Income decreased 22% YoY reflecting lower US cards balances and reduced payments activity Compared to Q420, income decreased 5% driven by seasonality and the ongoing effects of the UK lockdown Total US cards receivables were down 22% YoY and down 8% QoQ including seasonality and elevated repayment levels, particularly in March Merchant acquiring volumes were impacted by lockdown restrictions, driving lower payments income Q120 Q220 Q320 Q420 Q121 1,027 876 848 805 694 Total 364 Income 181 358 344 327 (£m) 663 513 518 504 478 Non-interest income NII US cards End Net Receivables ($bn) 24.7 22.0 21.0 21.0 19.3 78.2 Merchant 66.4 65.3 57.8 61.4 acquiring 39.4 25.6 Over 50% of merchant acquiring volumes are through e-commerce channels payments 28.1 29.9 32.2 processed 40.8 29.7 38.8 35.4 29.2 (£bn)² In-Store Online 846 455 Cost: income ratio increased to 71% YoY driven by lower income and increased investment spend Impairment decreased to £21m reflecting reduced US cards balances 211 286 27 Impairment (Em) and 414 loan loss rate (bps) 183 239 885 21 Loan loss rate Impairment 64.9 67.3 66.8 65.3 66.0 16.3 18.0 16.9 15.6 15.3 Deposits³ (£bn) 48.6 49.3 49.9 49.7 50.7 Private Banking International Cards 1 Average allocated tangible equity | 2 Based on the value of transactions. Includes turnover associated with Government savings products. In-store refers to all non-online transactions | 3 Includes deposits from banks and customers at amortised cost | 23 Barclays Q1 2021 Fixed Income Investor Presentation#24STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q121 Head Office Negative income of £75m including: Hedge accounting losses Funding costs on legacy capital instruments Q120 Q420 Q121 • Income (£m) (65) (75) - (171) (80) - Costs (Em) (16) (264) Other Net 123 Income (£m) 2 8 Loss (32) before tax (£m) (104) (458) RWAS (£bn) 10.0 10.2 10.7 Average tangible equity (£bn) 7.3 5.6 4.3 24 Barclays Q1 2021 Fixed Income Investor Presentation - Negative treasury items • ° Expect c.£300m negative income in FY21 (absent resumption of the ABSA dividend) Costs reduced QoQ to £80m reflecting reduced structural cost actions Expect quarterly costs in 2021 to be c.£50-60m per quarter going forward Other net income of £123m driven by a fair value gain on an investment in the Business Growth Fund (BGF)#25STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY DIVISIONS CREDIT RATINGS ESG APPENDIX & LEGAL ENTITIES Structural hedge and interest rate sensitivity Structural hedge program update • The Group's combined gross equity and product structural hedge contribution was £0.3bn in Q121 • The combined structural hedge notional as at Mar-21 was £192bn with an average duration of 2.5 to 3 years Expect gross structural hedge income across the group to be £300-400m lower in FY21 relative to FY20 (£1.7bn), despite the recent steepening of the yield curve Impact of parallel shifts Illustrative sensitivity of Group NII to a parallel shift in interest rate curves¹ Year 1 Year 2 Year 3 in interest rate curves (£m) 25bps upward c.150 c.300 c.450 10bps upward c.50 c.100 c.150 10bps downward c.(200) c.(250) c.(300) 25bps downward c.(500) c.(600) c.(700) This analysis assumes an instantaneous parallel shift in interest rate curves The upwards scenarios assume an illustrative 50% pass-through of rate rises to deposit pricing Pass-through is limited on the downward scenarios, as customer rates are floored at 0% for GBP and USD deposits², including when the downward scenarios reflect negative base rates It does not apply floors to shocked market rates, thus reflecting, for illustrative purposes, the impact of negative base rates on Group NII in the downward scenarios The scenarios do not reflect pricing decisions that would be made in the event of rate rises or falls The NII sensitivity is also calculated using a constant balance sheet - i.e. maturing business is reinvested at a consistent tenor and margin This sensitivity is not a forecast of interest rate expectations, and Barclays' pricing decisions in the event of an interest rate change may differ from the assumptions underlying this sensitivity. Accordingly, in the event of an interest rate change the actual impact on Group NII may differ from that presented in this analysis 1 This sensitivity is based on the modelled performance of the consumer and corporate banking book, and includes the impact of both the product and equity structural hedges. It provides the 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 AEaR calculation in the Annual Report | 2 With regards to the relatively modest balance of EUR deposits that are currently subject to charging, no incremental pass-through of further rates reductions are assumed in the illustrative scenario | 25 | Barclays Q1 2021 Fixed Income Investor Presentation#26STRATEGY, TARGETS & GUIDANCE PERFORMANCE ASSET QUALITY CAPITAL & LEVERAGE MREL, FUNDING CREDIT RATINGS ESG & LIQUIDITY Asset Quality I DIVISIONS APPENDIX & LEGAL ENTITIES#27STRATEGY, TARGETS CAPITAL PERFORMANCE ASSET QUALITY & GUIDANCE & LEVERAGE MREL, FUNDING & LIQUIDITY CREDIT RATINGS ESG DIVISIONS & LEGAL ENTITIES APPENDIX Q121 impairment charge significantly reduced to £55m (£m) 2,115 481 1,623 223 179 583 69 885 56 6 Barclays UK Group loan loss rate (bps) Bl: Consumer, Cards and Payments Bl: Corporate and Investment Bank Drivers of Q121 impairment charge Impairment charges decreased to £77m from reduced unsecured portfolio exposures, in part driven by lockdown measures UK cards 30 and 90 day arrears rates were 1.6% and 0.8% respectively (Q420: 1.7% and 0.8%) Impairment decreased to £21m reflecting reduced US cards balances US cards 30 and 90 day arrears improved to 2.1% and 1.2% respectively (Q420: 2.5% and 1.4%) Impairment release of £43m reflecting no material single name wholesale loan charges and lower exposures Components of impairment charge (£m) 414 608 492 2,115 233 1,623 Stage 1 and 2 impairment Stage 3 impairment 724 170 596 1,236 183 55 239 55 969 608 187 77 492 52 70 25 30 5 21 879 48 55 31 654 538 444 (43) 177 Q120 Q220 Q320 Q420 Q121 (122) Q120 Q220 Q320 Q420 Q121 BUK CC&P CIB Head Office 27 Barclays Q1 2021 Fixed Income Investor Presentation#28STRATEGY, TARGETS CAPITAL PERFORMANCE ASSET QUALITY & GUIDANCE & LEVERAGE MREL, FUNDING & LIQUIDITY CREDIT RATINGS ESG DIVISIONS & LEGAL ENTITIES APPENDIX Improved MEVS not reflected in Q121 ECL charge, with continued management adjustment for macro uncertainty Sensitivity to current macroeconomic variables MEVS used in Q121 results Current MEVS 2021 2022 2023 2021 2022 2023 Indicative change in MEVS 2021 2022 2023 UK GDP UK US GDP Annual growth Quarterly unemployment | average Annual growth 3.3% 3.4% 2.9% 5.0% 5.7% 2.3% +1.7% +2.3% -0.6% 6.0% 6.6% 6.0% 5.8% 5.6% 5.1% -0.2% -1.0% -0.9% 1.9% 3.2% 2.9% 5.5% 3.8% 1.6% +3.6% +0.6% -1.3% US Quarterly 7.3% 5.8% 5.6% 5.7% 4.5% 4.5% -1.6% -1.3% -1.1% unemployment | average Q121 baseline UK and US macroeconomic variables (MEVS) were rolled forward from FY20 to derive the Q121 ECL calculation, (i.e. using the FY20 actuals as the updated baseline) We have used the current MEVS based on more recent consensus to calculate a sensitivity: Had these MEVs been used in the Q121 ECL calculation, ceteris paribus, we estimate the required impairment allowance would be c.£0.5bn lower Impairment allowance (£m) Allowance pre management adjustment Management adjustment Total Of which on balance sheet Of which off balance sheet Balance sheet impairment allowance and management adjustment Dec-19 Dec-20 Write offs P&L charge Other incl. FX Mar-21 340 6,290 8,011 1,388 6,630 9,399 6,308 8,335 322 7,606 • 1,223 -454 55 -171 1,064 8,829 7,827 1,002 Total Group impairment allowance reduced by £0.6bn to £8.8bn, reflecting write-offs of £0.5bn, relative to a lower impairment charge of £55m Management adjustment of £1.2bn is similar in nature to Dec-20 and represents the judgement for economic uncertainty partly offset by other adjustments The management adjustment will evolve as the impact of support measures being withdrawn becomes apparent and economic uncertainty reduces 2021 impairment charge expected to be materially below that of 2020. If improved macroeconomic indicators persist, Barclays would expect to reduce the impairment provision level 28 Barclays Q1 2021 Fixed Income Investor Presentation#29STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG & LEVERAGE & LIQUIDITY DIVISIONS & LEGAL ENTITIES APPENDIX Mar-21 coverage ratios on respective portfolios materially in line with Dec-20 Credit cards, unsecured loans and other retail lending Gross exposure (Em) Impairment allowance (£m) Coverage ratio Gross exposure (£m) 60,180 46,513 43,237 4,884 5,700 5,264 8.1% 12.3% 12.2% 130,332 144,269 146,928 Wholesale loans Impairment allowance (£m) 992 2,097 2,053 Coverage ratio 0.8% 1.5% 1.4% 3,409 3,591 3,117 10,759 3,172 2,359 10,432 21,374 19,489 3,022 2,251 68.5% 71.0% 69.2% 10,320 2,091 9,418 23.2% 29.7% 33.0% 1,066 1,028 2,335 46,012 117,541 119,304 124,322 2,769 33,021 2,549 18.7% 26.8% 27.1% 547 30,797 711 680 2,007 2.9% 3.3% 3.5% 302 542 680 624 Dec-19 Dec-20 Mar-21 Dec-19 Dec-20 Mar-21 1.2% 2.1% 2.0% Dec-19 Dec-20 Mar-21 320 345 143 Dec-19 Dec-20 Mar-21 Dec-19 Dec-20 Mar-21 0.1% 0.3% 0.3% Dec-19 Dec-20 Mar-21 Gross exposure (£m) 154,911 160,185 163,440 2,234 2,229 2,155 Home loans Impairment allowance (Em) Coverage ratio 432 538 510 0.3% 0.3% 0.3% Gross exposure (£m) 345,423 350,967 353,605 17,043 19,312 19,938 7,923 38,234 8,997 8,368 51,006 48,845 Total loans Impairment allowance (£m) 6,308 8,335 7,827 Coverage ratio 1.8% 2.4% 2.2% 3,738 40.7% 41.5% 42.0% 3,516 16.1% 18.8% 17.8% 421 397 3,228 135,713 138,639 141,273 346 299,266 290,964 296,392 3,564 3,308 6.2% 7.0% 6.8% 2,373 84 79 64 0.4% 0.4% 0.4% 22 33 34 Dec-19 Dec-20 Mar-21 Stage 1 Dec-19 Dec-20 Mar-21 Dec-19 Dec-20 Mar-21 Dec-19 Dec-20 Mar-21 707 Dec-19 Dec-20 Mar-21 1,033 1,003 0.2% 0.4% 0.3% Dec-19 Dec-20 Mar-21 Stage 2 Stage 3 29 Barclays Q1 2021 Fixed Income Investor Presentation#30STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG & LEVERAGE & LIQUIDITY DIVISIONS & LEGAL ENTITIES APPENDIX Mar-21 unsecured lending coverage ratios materially in line with Dec-20 Gross exposure (£m) UK cards Impairment allowance (£m) Coverage ratio Gross exposure (Em) 16,457 11,911 10,494 796 1,736 1,980 1,833 10.5% 16.6% 17.5% 22,516 17,114 15,699 US cards Impairment allowance (£m) 2,059 2,452 2,242 Coverage ratio 9.1% 14.3% 14.3% 1,480 2,794 5,059 821 1,317 777 65.1% 73.1% 70.5% 1,197 79.6% 78.1% 78.1% 600 3,638 548 4,081 518 3,740 1,028 3,288 935 18,242 1,178 10,602 21.6% 33.1% 34.5% 21.3% 27.1% 27.2% 1,204 7,452 1,095 1,133 11,716 10,762 1,105 6,429 1,019 594 Dec-19 Dec-20 Mar-21 176 152 123 Dec-19 Dec-20 Mar-21 1.2% 2.4% 2.4% Dec-19 Dec-20 Mar-21 287 Dec-19 Dec-20 Mar-21 319 288 Dec-19 Dec-20 Mar-21 1.6% 2.7% 2.7% Dec-19 Dec-20 Mar-21 UK personal loans and partner finance Germany and other unsecured lending Gross exposure (£m) 12,386 8,252 7,859 Impairment allowance (£m) Coverage ratio 665 741 707 5.4% 9.0% 9.0% 8,821 Gross exposure (Em) 9,236 9,185 Impairment allowance (£m) 424 527 482 Coverage ratio 4.8% 5.7% 5.2% 595 539 526 538 70.7% 80.4% 73.9% 40.6% 41.7% 42.2% 1,490 1,374 1,356 1,550 495 522 1,111 1,016 10.5% 21.4% 21.5% 225 11.5% 14.9% 13.0% 222 10,241 6,927 7,207 7,285 218 398 386 6,646 6,321 421 222 179 156 238 218 162 0.8% 1.6% 1.6% 0.7% 1.1% 1.1% 82 105 103 50 80 81 Dec-19 Dec-20 Mar-21 Dec-19 Dec-20 Mar-21 Dec-19 Dec-20 Mar-21 Dec-19 Dec-20 Mar-21 Dec-19 Dec-20 Mar-21 Dec-19 Dec-20 Mar-21 Stage 1 Stage 2 Stage 3 30 Barclays Q1 2021 Fixed Income Investor Presentation#31STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG & LEVERAGE & LIQUIDITY DIVISIONS & LEGAL ENTITIES APPENDIX Retail portfolios in the UK and US continue to be prudently positioned Risk actions taken at pandemic outset to mitigate potential economic impact FY19 £143.3bn H120 £145.1bn FY20 £148.3bn UK 67.9% 68.4% 67.6% UK Mortgage balance growth achieved in lower LTV segments secured • 50.7% average LTV of mortgage book stock Buy-to-Let mortgages represent only 14% of the book mortgage balance growth within risk appetite 51.1% 51.5% 50.7% Average LTV on flow Q120 Q220 £13.6bn Average LTV on stock Net L&A Q320 Q420 Q121 UK unsecured A suite of prudent risk actions taken in 2020, suspending proactive growth activity and reducing exposure/limits Balances as a result of promotional Balance Transfers have reduced by 55% YoY to £1.3bn, all of which have a duration of <24 months £11.5bn £10.7bn £9.9bn UK cards £8.7bn arrears rates broadly stable year-on-year 1.8% 2.0% 1.7% 1.7% 1.6% 0.8% 1.0% 0.8% 0.8% 0.8% 30 day arrears 90 day arrears Net L&A Q120 Q220 Q320 Q420 Q121 £19.3bn US cards Diversified portfolio across segments with good risk/return balance Continuing our focus on partnership co-brand strategy Arrears rates have fallen in Q121, driven by government support, customer deleveraging and quality of portfolio £17.1bn £15.6bn £14.7bn US cards arrears rates improved year-on-year £13.5bn 2.7% 2.4% 2.3% 2.5% 2.1% 1.5% 1.4% 1.1% 1.4% 1.2% 30 day arrears 90 day arrears Net L&A 31 Barclays Q1 2021 Fixed Income Investor Presentation#32STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY CREDIT RATINGS ESG DIVISIONS & LEGAL ENTITIES Wholesale exposures are diversified and well covered, especially in selected vulnerable sectors Wholesale exposure as at FY20 (1.5% coverage ratio) £18.7bn £144.3bn Selected sectors ₤46.5bn Group on balance £64.1bn Wholesale Other corporates 1.7% (1.9%) sheet exposure £144.3bn exposure £351.0bn (41% of total £15.7bn ESHLA¹ exposure) £21.9bn Financial Institutions² 0.6% (0.6%) 0.4% (0.3%) £160.2bn £23.8bn Debt Securities 0.0% (0.1%) Wholesale lending Home loans Other retail lending APPENDIX FY20 Coverage ratio(Q320) 4.5% (4.2%) • • • Well diversified portfolio across sector and geography Majority of exposure (>65%) is to clients internally rated as Investment Grade or have a Strong Default Grade classification. Non-Investment Grade exposure is typically senior and lightly drawn c.30% of the book is secured, increasing to >60% for the selected vulnerable sectors c.25% synthetic protection provided by risk mitigation trades, increasing to >30% for some selected vulnerable sectors, resulting in a reduction in impairment of >£350m in FY20 Active identification and management of high risk sectors has been in place following the Brexit referendum with actions taken to enhance lending criteria and reduce risk profile Covenants in place based on leverage, LTVs, and debt service ratios for clients in high risk sectors Retail - top names are typically consumer staples, Investment Grade or secured against premises/subject to asset-backed loans Air travel - tenor of lending typically with an average life of 2-4 years, senior secured for high yield counterparties and focused on top tier airlines in the UK and US Oil & gas - exposure across a range of oil and gas sub- sectors globally, with majority to Investment Grade counterparties (including oil majors) Selected vulnerable sector exposure as at FY20 (4.5% coverage ratio) £0.9bn £0.7bn £125.6bn £1.5bn Air travel Shipping Transportation 6.2% (3.8%) 4.6% (1.7%) 5.6% (5.3%) £3.1bn Oil and gas 6.5% (7.8%) Selected £46.5bn Group on balance sheet exposure £351.0bn sectors £18.7bn £5.3bn (13% of total Retail 4.4% (3.7%) £18.7bn wholesale exposure, 5% of total exposure) £7.1bn Hospitality 3.2% (2.8%) £160.2bn Other wholesale lending Selected sectors Home loans Other retail lending Education, Social Housing and Local Authority | 2 Excludes debt securities (£1.5bn) that are part of the debt securities line | 32 Barclays Q1 2021 Fixed Income Investor Presentation#33STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Capital & Leverage#34STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY CREDIT RATINGS ESG CET1 ratio decreased 50bps QoQ CET1 ratio was 350bps above the MDA hurdle of 11.1% as at Mar-21 QoQ CET1 ratio¹ movements 15.1% 23bps PVA relief: 14bps IFRS 9 relief amortisation: 9bps 23bps 14.7% DIVISIONS & LEGAL ENTITIES 42bps 55bps 13bps APPENDIX 14.6% Dec-20 Reduction of regulatory support Share buyback Rebased 1-Jan-21 CET1 ratio Attributable profit RWA excluding IFRS 9 and FX Other movements Mar-21 CET1 capital: £46.3bn (£0.7bn) (£0.7bn) £1.7bn (£0.6bn) £45.9bn RWAS: £306.2bn The fully loaded CET1 ratio was 14.0% as at 31 March 2021 | 2 FX on credit risk RWAS | Note: Chart may not sum due to rounding | 34 Barclays Q1 2021 Fixed Income Investor Presentation £8.9bn (£1.8bn) £313.4bn#35STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & LEVERAGE & LIQUIDITY & LEGAL ENTITIES RWAs increased by £7.2bn QoQ 306.2 QoQ RWA movements (£bn) 1.7 5.1 0.7 2.4 0.6 313.4 RWAs increased £7.2bn QoQ to £313.4bn, reflecting: - £5.1bn increase in Market Risk RWAs driven by increased client and trading activity £2.4bn increase in Credit Risk RWAS from net lending, largely driven by increased CIB lending and growth in mortgages within Barclays UK, partly offset by lower consumer lending and ESHLA Partly offset by £1.7bn decrease in credit risk RWAS driven by FX movements Dec-20 Credit risk- book quality changes Credit risk - net lending Counterparty credit risk 1 Market risk FX Mar-21 1 FX on credit risk RWAS | Note: Chart may not sum due to rounding | 35 Barclays Q1 2021 Fixed Income Investor Presentation#36STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY CREDIT RATINGS ESG CET1 ratio flightpath to target range of 13-14% 14.6% c.40bps Potentially occurring in Q221, subject to completion of PRA review 11bps 14.1% DIVISIONS & LEGAL ENTITIES APPENDIX 13-14% Mar-21¹ Reversal of software Apr-21 scheduled amortisation pension contribution² Rebased CET1 ratio Organic capital generation Headwinds Capital distributions CET1 target range Additional Headwinds 2021/2022 Impact of scheduled pension deficit reduction contributions Timing² Impact2,3 Q321 2022 -£0.35bn CET1 capital/-11bps -£0.3bn CET1 capital/-9bps Amortisation of IFRS 9 transitional relief 2022 See Slide 38 Regulatory changes to Mortgage risk-weights (Definition of Default, Hybrid model, and floors) Regulatory changes to standardised approach to counterparty credit risk (SA-CCR) 2022 Low single-digit billion RWAS 2022 Low single-digit billion RWAS Potential for RWA pro-cyclicality and reduction in IFRS 9 transitional relief still remain, subject to economic conditions, with timing and impact uncertain 1 CET1 ratio was 350bps above the MDA hurdle of 11.1% as at Mar-21. The fully loaded CET1 ratio was 14.0% as at 31 March 2021 |2 Refer to the Important Notice in the Disclaimer for the basis of preparation. Scheduled pension contributions represent pre-tax capital impact. Impact of IFRS 9 transitional relief amortisation is dependent on economic conditions | 3 Basis point impacts calculated as a proportion of Mar-21 RWAs | 36 Barclays Q1 2021 Fixed Income Investor Presentation#37STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & LEVERAGE & LIQUIDITY & LEGAL ENTITIES CET1 ratio target in the range of 13-14% Continue to target appropriate headroom above MDA hurdle MDA hurdle Illustrative evolution of minimum CET1 requirements and buffers Dec-201: 15.1% Mar-211: 14.6% 3.5% headroom Target: 13-14% Appropriate headroom 11.2% 11.1% 0.0% 0.0% 2.5% 2.5% 1.5% 1.5% • Barclays intends to manage its CET1 ratio in the range of 13-14%, to enable it to support customers whilst continuing to target an appropriate headroom over the MDA hurdle, which is currently 11.1%² Barclays remains in a strong capital position with a Mar-21 CET1 ratio of 14.6%, although certain headwinds are likely in 2021, including the expected reversal of software amortisation benefit applied in 2020 and scheduled pension deficit reduction contributions 2.7% 2.6% 4.5% 4.5% Dec-20 Mar-21 CET1 Target requirement Pillar 1 requirement Pillar 2A CET1 requirement requirement² G-SII buffer Capital Conservation Buffer (CCB) Countercyclical Buffer (CCYB) 1 CET1 ratio calculated applying the transitional arrangements of the CRR as amended by CRR II | 2 Barclays' MDA hurdle at 11.1% reflecting the new Pillar 2A requirement as per the PRA's Individual Capital Requirement | 37 Barclays Q1 2021 Fixed Income Investor Presentation#38STRATEGY, TARGETS CAPITAL PERFORMANCE ASSET QUALITY & GUIDANCE & LEVERAGE MREL, FUNDING & LIQUIDITY CREDIT RATINGS ESG DIVISIONS & LEGAL ENTITIES IFRS 9 transitional relief as at Mar-21 at c.70bps • . · Constructive regulatory action in Q220 gave greater relief for stage 1 and 2 impairments 100% transitional relief for modified impairment post Dec-19 applied until end-2021 Transitional relief schedule for static component remains as before Total post-tax IFRS 9 transitional relief as at Mar-21 stands at £2.3bn or c.70bps capital, down c.10bps compared to Dec-20 IFRS 9 Transitional relief CET1 add-back (£bn) Prudently positioned CET1 ratio in the event of stage migration 14.6% IFRS 9 transitional relief c.70bps £2.6bn £2.3bn 1.7 Modified £1.1bn 1.6 1.1 0.9 Static 0.7 Dec 19 Dec 20 Mar 21 Pre-2020 2020 onwards Relief Schedule (Static) (Modified) 2020 70% 100% 2021 50% 100% 2022 25% 75% 2023 50% 2024 25% 38 Barclays Q1 2021 Fixed Income Investor Presentation Mar-21 APPENDIX IFRS 9 transitional relief applies to stage 1 and 2 impairments Our capital planning allows for impairment stage migration as we progress through the stress Transitional basis of capital remains the relevant measure for our capital adequacy assessment by regulators#39STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY CREDIT RATINGS ESG Constructive regulatory actions in 2020 Many regulatory actions in place for the medium term and beyond CET1 requirement Modification of Pillar 2A requirement¹ CET1 capital IFRS 9 transitional relief on new COVID-19 related expected credit loss provisions² CRR software intangibles change³ ° PVA4 RWAS Market risk changes, including VaR back-testing2,5,6 DIVISIONS & LEGAL ENTITIES Expected timeline APPENDIX FY20 FY21 FY22 FY23 FY24 Q1 Q2 Q3 Applies under CRR 'Quick Fix' 1 1 The Pillar 2A requirement will continue to move, given the changes outlined in the new methodology outlined in the 7 May 2020 statement by the PRA 12 Measures outlined in Regulation (EU) 2020/873, effective on 27 June 2020, as part of the CRR II 'Quick Fix' package, and adopted in H1 2020 reporting | 3 On 23 December 2020, a new regulatory technical standard on the prudential treatment of qualifying software assets was adopted into EU law replacing the CET1 capital deduction with prudential amortisation up to a 3-year period. Intangible assets that are no longer deducted are subject to 100% risk weight instead. Following its stated intention to consult, on 12 February 2021 the PRA launched a consultation on certain items within the Basel standards that remain to be implemented in the UK as well as setting out proposed new PRA CRR rules. The proposals include reverting to the previous treatment of 100% CET1 capital deduction for qualifying software assets by the end of 2021, meaning the benefit in the CET1 ratio is likely to be reversed in future periods | Measures adopted as part of amendments to Regulatory Technical Standard on Prudential Valuation | 5 As guided by the PRA on 30 March 2020, which allows the offset of market risk increases due to COVID-19 related back testing exceptions against risks-not-in-VaR (RNIV); post Q3-20, as per CRR II "Quick Fix", discounting of COVID-19 exceptions is subject to PRA approval which has been granted for those exceptions observed to date 16 Timeline refers to VaR back-testing | 39 Barclays Q1 2021 Fixed Income Investor Presentation#40STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY DIVISIONS CREDIT RATINGS ESG APPENDIX & LEGAL ENTITIES Pension deficit reduction contributions CET1 ratio headwinds from pension reduction contributions fully incorporated into prudent capital plan and CET1 target As at 31 December 2020, the Group's IAS 19 pension surplus across all schemes was £1.5bn (December 2019: £1.8bn). The UK Retirement Fund (UKRF), which is the Group's main scheme, had an IAS 19 pension surplus of £1.8bn (December 2019: £2.1bn). The YoY movement for the UKRF was driven by a net decrease in the discount rate and changes to pension increase assumptions, partly offset by higher than assumed asset returns The latest annual update to the actuarial funding valuation as at 30 September 2020 showed the funding deficit had improved to £0.9bn from the £2.3bn shown at the 30 September 2019 triennial valuation. The improvement was mainly due to £1.0bn of deficit contributions paid over the year Capital impact of deficit reduction contributions (£bn) 2020 2021 2022 2023 2024 2025 2026 Sum 2020-26 (0.5) Based on 2019 Triennial valuation (0.5) (0.7) (0.3) (0.3) (paid in (2.3) Q419)1 Jun-2020 Investment in Senior Notes² 0.75 (0.25) (0.25) (0.25) Capital impact (pre-tax) 0.25 (0.7) (0.3) (0.55) (0.75) (0.25) (2.3) Capital impact (bps) - based on Mar-21 RWAS 8bps (22)bps (9)bps (17)bps (24)bps (8)bps 1 £500m paid in Q419 relates to the unwind of Senior notes | 2 Barclays Bank PLC asked the UKRF Trustee to consider an investment in a Senior note (similar to the issued note in December 2019) in order to manage the capital impact of 2020 contributions to the UKRF | 40 Barclays Q1 2021 Fixed Income Investor Presentation#41STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY DIVISIONS CREDIT RATINGS ESG APPENDIX & LEGAL ENTITIES Group leverage position prudently managed Regulatory minimum Dec-201: UK Spot: 5.3% UK Average: 5.0% 3.775% 0.0% 0.525% Minimum leverage requirements and buffers under the UK regime Mar-211: UK Spot: 5.0% UK Average: 4.9% 1.2% Headroom 3.775% 0.0% 0.525% • Headroom to minimum leverage requirement of 120bps in Q1, while the RWA based CET1 ratio remains our primary regulatory constraint The Group currently has one leverage requirement, as measured under the UK's PRA leverage regime. The requirement must be met on a daily basis, and is reflected in the daily average leverage exposure The CRR II leverage requirement, due to become binding from 2022, will only be at 3%, as the G-SIB component will not apply until 2023. The BoE's Financial Policy Committee intends to review the UK leverage framework in 2021 UK Spot Leverage Ratio 3.25% 3.25% 5.0% 5.1% 5.1% 5.1% 5.3% 5.0% Dec-20 requirement Mar-21 requirement BoE minimum G-SII leverage buffer leverage requirement Countercyclical Leverage Buffer Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Mar-21 1 Leverage ratio calculated applying the transitional arrangements of the CRR as amended by CRR II. This includes IFRS 9 transitional arrangements | 41 Barclays Q1 2021 Fixed Income Investor Presentation#42STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Capital structure well established Expect to hold prudent headroom above AT1 and Tier 2 minimums Illustrative evolution of regulatory capital structure 21.8% Total capital ratio 0.5% (£1.6bn) Legacy T2 2.8% (£8.9bn) T2 0.2% (£0.7bn) Legacy T1- 3.5% (£11.1bn) AT1 Total T2 3.4% >16.7% Total capital requirement¹ T2 Headroom ≥3.2% T2 AT1 Headroom ≥2.4% AT1 CET1 Headroom • Well managed and balanced total capital structure BBPLC issued capital instruments are expected to be included as MREL until 1 January 20222, and may continue to qualify as Tier 2 regulatory capital thereafter Aim is to manage our capital structure in an efficient manner: Continue to target prudent AT1 headroom and may temporarily be at an elevated level. AT1 as a proportion of RWAs may vary due to seasonal and FX driven fluctuations, in addition to potential issuance and redemptions Expect to maintain headroom to 3.2% of total Tier 2 over time Barclays PLC capital call and maturity profile (£bn) Barclays PLC AT1 capital as at 31 March 20213 First or next call date 14.6% (£45.9bn) CET1 11.1% CET1 MDA hurdle 2021 3.2 3.1 2.8 2.1 2024 2025+ 2022 2023 Barclays PLC Tier 2 capital as at 31 March 20213 ■By contractual maturity as applicable ◉By next call date as applicable 5.5 Mar-21 capital structure Current capital requirement 2021 2022 1.3 0.9 2023 2024 1.5 2025+ Excludes headrooms | 2 In line with their regulatory capital values until 1 January 2022; based on Barclays' understanding of the current BoE position | 3 Prepared on nominal basis which will not reconcile with regulatory or accounting bases due to adjustments | 42 Barclays Q1 2021 Fixed Income Investor Presentation#43STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & LEVERAGE & LIQUIDITY & LEGAL ENTITIES MREL, Funding and Liquidity#44STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG & LEVERAGE & LIQUIDITY DIVISIONS & LEGAL ENTITIES MREL position well placed to meet 2022 requirements Expect c.£8bn of MREL issuance in 2021; £2.3bn equivalent issued in Q121 Fully loaded MREL position of £100bn as at Mar-211 Well advanced on 2022 HoldCo issuance plan APPENDIX • Issued £2.3bn³ of MREL in Q121 across Senior and Tier 2 form £100.5bn • Continue to expect c.£8bn of MREL issuance for 2021 UK leverage cash exemption £101.7bn 7.7% Expect to be a net negative issuer in 2021 • £34.6bn Senior £92.0bn 29.4% £91.9bn 7.8% Issuance plan out to 2022 calibrated to meet MREL requirements and allow for a prudent headroom £8.9bn T2 £11.1bn AT1 £45.9bn CET1 2021 MREL issuance, maturities and calls HoldCo issuance £2.3bn HoldCo/OpCo maturities & calls c.£8bn c.£3.5bn c.£5.5bn c.£9bn Mar-21 fully-loaded MREL position 01-Jan-22 RWA requirement 01-Jan-22 UK leverage requirement² 01-Jan-22 CRR leverage requirement HoldCo Debt OpCo Debt 1 The MREL requirement must meet the higher of the RWA and leverage bases. The chart represents an illustrative scenario only, where the CRR leverage basis is binding in 2022. Based on current Pillar 2A requirement. 2022 requirements subject to BoE review | 2 Represents UK average leverage requirement |3Q121 issuance excludes USD 500m Senior Unsecured Formosa which priced on 22 December 2020 and settled on 7 January 2021 | 44 Barclays Q1 2021 Fixed Income Investor Presentation#45STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY DIVISIONS CREDIT RATINGS ESG APPENDIX & LEGAL ENTITIES Continued progress in HoldCo issuance Annual HoldCo issuance volume materially lower compared to 2016-18 (£bn) 1,2 AT1 Tier 2 ■ Senior unsecured 12.2 13.4 12.1 11.5 2021 YTD HoldCo issuance by currency² March: USD 1bn Senior 6.2 8.6 8.3 Target: c.8 6.1 9.3 March: USD 1bn Tier 2 10.2 4.0 1.8 5.9 2.9 1.1 March: 5.4 1.7 3.5 1.2 0.7 YTD: 2.5 EUR 1bn Tier 2 1.9 1.1 1.1 1.6 2.3 As at 2016 2017 2018 2019 2020 2021 2015 Diversified currency of HoldCo issued instruments Currency split of HoldCo issuance by period 2,3 3% 2% 2% 6% 11% 9% 12% 2017 45% 2018 30% 2019 22% 2020 39% 13% 61% 7% 55% USD 1% 1% 1% EUR 11% GBP JPY 21% 2016 AUD SGD 66% 15% Other 67% 37% 2021 63% 1 Annual issuance balances based on FX rate at end of respective periods for debt accounted instruments and historical transaction rates for equity accounted instruments | 22020 issuance includes USD 500m Senior Unsecured Formosa which priced on 22 December 2020 and settled on 7 January 2021 | 3 FX rates as at respective period ends | Note: Charts may not sum due to rounding | 45 Barclays Q1 2021 Fixed Income Investor Presentation#46STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG & LEVERAGE & LIQUIDITY DIVISIONS & LEGAL ENTITIES APPENDIX High quality and conservatively positioned liquidity and funding position Comfortably exceeding minimum requirements Liquidity Coverage Ratio (LCR) Conservative loan: deposit ratio² Loans³ (£bn) Deposits³ (£bn) LDR 83% 82% 71% 69% Minimum requirement: 100% 169% 160% 162% 161% 481 499 395 416 31-Dec-18 31-Dec-19 31-Dec-20 31-Mar-21 326 339 343 346 Liquidity 227 211 266 290 pool¹ (£bn) Liquidity 90 78 99 107 surplus (£bn) 31-Dec-18 31-Dec-19 31-Dec-20 31-Mar-21 Quality of the liquidity pool remains high, with the majority held in cash and deposits with central banks, and highly rated government bonds The QoQ increase in the liquidity pool was driven by continued deposit growth, term funding scheme with additional incentives for SMEs drawings and a seasonal increase in short-term wholesale funding, which were partly offset by a seasonal increase in business funding consumption Liquidity pool of £290bn represents 21% of Group balance sheet Loan: deposit ratio of 69% as at 31 March 2021, down 2% QoQ reflecting continued deposit growth 1 Liquidity pool as per the Group's Liquidity Risk Appetite (LRA) | 2 Loan: deposit ratio is calculated as loans and advances at amortised cost divided by deposits at amortised cost | 3 At amortised cost | 46 Barclays Q1 2021 Fixed Income Investor Presentation#47STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY CREDIT RATINGS ESG DIVISIONS & LEGAL ENTITIES APPENDIX Wholesale funding composition as at 31 December 20201 <1 As at 31 December 2020 (£bn) month 1-3 months 3-6 months 6-12 months Total <1 year 1-2 years 2-3 years 3-4 years 4-5 years >5 years Total Barclays PLC (the Parent company) Senior unsecured 1.1 1.1 1.2 3.4 1.4 7.7 5.6 5.1 13.5 36.7 (Public benchmark) Senior unsecured 0.1 0.1 0.2 (Privately placed) Subordinated liabilities 0.2 0.2 0.9 0.7 1.3 6.8 7.7 27 Barclays Bank PLC (including subsidiaries) Certificates of deposit and 5.4 3.1 5.6 14.1 0.5 10 0.1 commercial paper Asset backed commercial paper 1.4 5.0 0.7 7.1 . . Senior unsecured 0.5 0.1 0.1 0.7 1.3 0.1 1.1 14.7 7.1 0.9 4.1 (public benchmark) Senior unsecured 0.8 2.3 2.2 4.2 9.5 7.1 6.4 3.9 4.9 21.7 53.5 (Privately placed)² Asset backed securities 0.5 0.5 0.8 Subordinated liabilities 1.4 0.2 3.2 0.3 5.1 2.2 82 0.4 0.5 0.2 1.4 3.8 0.1 1.2 8.6 Barclays Bank UK PLC (including subsidiaries) Certificates of deposit and 0.9 0.2 0.1 1.2 1.2 commercial paper Senior unsecured 10 (Public benchmark) Covered bonds Total Total as at 31 December 2019 0.1 0.1 0.9 0.9 2.3 1.8 1.2 6.2 5.7 15.4 9.5 12.1 42.7 15.6 16.7 12.3 10.2 47.5 145.0 4.5 11.6 9.4 15.1 40.6 19.8 12.1 15.1 11.6 47.9 147.1 1 The composition of wholesale funds comprises the balance sheet reported financial liabilities at fair value, debt securities in issue and subordinated liabilities. It does not include participation in the central bank facilities reported within repurchase agreements and other similar secured borrowing. Term funding comprises public benchmark and privately placed senior unsecured notes, covered bonds, asset-backed securities and subordinated debt where the original maturity of the instrument is more than 1 year | 2 Includes structured notes of £45.4bn, of which £8.7bn matures within 1 year from 31 December 2020 | 47 Barclays Q1 2021 Fixed Income Investor Presentation#48STRATEGY, TARGETS & GUIDANCE PERFORMANCE ASSET QUALITY Credit Ratings CAPITAL & LEVERAGE MREL, FUNDING DIVISIONS CREDIT RATINGS ESG APPENDIX & LIQUIDITY & LEGAL ENTITIES#49STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY DIVISIONS CREDIT RATINGS ESG APPENDIX & LEGAL ENTITIES Strategic priority to maintain strong ratings Current Senior Long and Short Term ratings Moody's Standard & Poor's Barclays PLC Barclays Bank PLC (BBPLC) Barclays Bank UK PLC (BBUKPLC) 1 Deposit rating | 49 Barclays Q1 2021 Fixed Income Investor Presentation Fitch Baa2 Stable BBB Stable P-2 A-2 A Negative F1 A1 Stable P-1 A Stable A-1 A+ Negative F1 Counterparty risk assessment A1/P-1 (cr) Resolution counterparty rating A+/A-1 Derivative counterparty rating A+/Negative (dcr) A11 Negative P-1 A Stable A-1 A+ Negative F1 Counterparty risk assessment Aa3/P-1 (cr) Derivative counterparty rating A+/Negative (dcr)#50STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY DIVISIONS CREDIT RATINGS ESG APPENDIX & LEGAL ENTITIES Barclays rating composition for senior debt Moody's Standard & Poor's BPLC BBPLC BBUKPLC BPLC BBPLC BBUKPLC Fitch BPLC BBPLC BBUKPLC Adj. Baseline Credit Assessment baa2 baa2 a3 Stand-Alone Credit Profile bbb+ Viability Rating² a a Macro profile Strong+ Strong+ Strong+ Anchor bbb+ Operating environment aa to a+ Stand-alone Financial profile baal baa2 a3 Business position 0 Company profile a to bbb+ rating Qualitative -1 -1 0 Capital and earnings +1 Management & Strategy a+ to a- Affiliate support 0 +1 0 Risk position -1 Risk appetite a to bbb+ Funding and liquidity 0 Financial profile a+ to bbb+ + Additional Loss Absorbing +2 +2 Capacity (ALAC) Loss Given Failure (LGF) +3 +1 Qualifying Junior Debt +1 +1 Group status Core Core Notching Government Support Structural subordination -1 +1 +1 Government Support Government support Total notching 0 +4 +2 Total notching -1 +2 +2 Total notching 0 +1 +1 Rating Liability ratings Outlook Baa2 A1 A11 Rating STABLE NEGATIVE Outlook 1 Deposit rating | 2 The component parts relate to Barclays PLC consolidated | 50 Barclays Q1 2021 Fixed Income Investor Presentation BBB A A Rating STABLE A+ A+ Outlook NEGATIVE#51STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & LEVERAGE & LIQUIDITY & LEGAL ENTITIES ESG#52STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY DIVISIONS CREDIT RATINGS ESG APPENDIX & LEGAL ENTITIES Ambition to be a net zero bank by 2050 • Already at net zero emissions from our own operations (Scope 1 and 2) • Announced in March 2020 our commitment to align all our financing to the goals and timelines of the Paris Agreement Emissions for the clients we finance (Scope 3) will cover capital markets as well as lending activity Started with the Energy and Power sectors, and extending BlueTrack TM to cover Cement and Metals sectors By 2025, target Power portfolio emissions intensity reduction of 30%; Energy portfolio absolute emissions reduction of 15% Founding member of the Net Zero Banking Alliance, an initiative under the Glasgow Financial Alliance for Net Zero BlueTrack Created methodology that builds on and extends Created by Barclays existing industry approaches BlueTrack TM used to measure our financed emissions, and track them at a portfolio level against the goals of the Paris Agreement Embedding climate impact in our financing decisions, so that we can make active choices to re-shape our portfolio Transparency and collaboration are key to achieving a common approach across the industry 1. Select sector benchmark 3. Link emissions BEST 2. Measure client emissions to financing 4. Aggregate to portfolio level Specific goals to help accelerate the transition to a low-carbon economy¹ £100bn Green financing by 2030 £32bn 2018-2020 Target £175m Sustainable Impact Capital Initiative over five years £24m 2020 Target 5. Compare financed emissions to benchmark We believe our net zero ambition and Paris alignment commitment represent the best way for Barclays to help accelerate the transition to a low-carbon economy by using the breadth and depth of our capital markets franchise to support financing needed to build a greener future 1 £100bn green financing 2018 - 2030; £175m Sustainable Impact Capital Initiative 2020-2025. See home.barclays/esg for further information | 52 Barclays Q1 2021 Fixed Income Investor Presentation#53STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG & LEVERAGE & LIQUIDITY DIVISIONS & LEGAL ENTITIES APPENDIX Barclays' climate journey • Announced ambition to be net zero • Updated restrictions for sensitive energy sectors March 2020 May 2020 Climate resolution passed at Annual General Meeting November 2020 Update on methodology for aligning our financed emissions • Targets set in Power and Energy sectors 2021 onwards Continuing detailed disclosures through our ESG Report, TCFD disclosures and other reporting frameworks Enhancing and refining BlueTrack TM methodology over time: Extending BlueTrack TM to cover the Cement and Metals sectors. Ultimately extending to cover our entire financing portfolio; timeline influenced by Net Zero Banking Alliance guidelines Consideration of new, useable benchmark scenarios as they are developed Greater utilisation of company disclosures and improved input data quality 53 Barclays Q1 2021 Fixed Income Investor Presentation#54STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY CREDIT RATINGS ESG Divisions and Legal Entities DIVISIONS & LEGAL ENTITIES APPENDIX#55STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY CREDIT RATINGS ESG DIVISIONS & LEGAL ENTITIES Legal entity structure of the Group since April 2018 Barclays PLC Legal entities Divisions Barclays UK Personal Banking Barclaycard Consumer UK Business Banking Barclays Execution Services (BX) Barclays International and Head Office¹ Consumer, Cards & Payments Corporate & Investment Bank Head Office APPENDIX Barclays Bank UK PLC² Total assets: £288bn as at FY20 Barclays Execution Services Limited Group-wide service company providing technology, operations and functional services to business across the Group Barclays Bank PLC³ (and subsidiaries) Total assets: £1,060bn as at FY20 US IHC Barclays Bank Multiple entities Ireland The Head Office division materially remains in Barclays Bank PLC and incorporates re-integrated Non-Core assets and businesses. The residual holding in BAGL (full regulatory deconsolidation effective 30 June 2018) is held in Barclays Principal Investments Limited as a direct subsidiary of BPLC | 2 The Barclays UK businesses are carried out by the ring-fenced bank (Barclays Bank UK PL)C and certain other entities within the Group | 3 The Barclays International businesses are carried out by the non ring-fenced bank (Barclays Bank PLC) and certain other entities within the Group | 55 Barclays Q1 2021 Fixed Income Investor Presentation#56STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING PERFORMANCE ASSET QUALITY & LEVERAGE & LIQUIDITY CREDIT RATINGS ESG DIVISIONS & LEGAL ENTITIES Strong legal entity capital and liquidity positions Continue to manage legal entity capital ratios with appropriate headroom to requirements Barclays PLC Accounting and regulated sub-group Accounting sub-group Barclays Bank UK PLC sub-group Barclays Bank PLC sub-group Barclays Bank UK PLC (solus) Capital regulated on a consolidated and solus basis¹ Subsidiaries No material regulated subsidiaries exist in the BBUKPLC sub-group APPENDIX Barclays Bank PLC (solo) Capital continues to be regulated on a solo basis² US IHC Capital continues to be regulated Barclays Bank Ireland Regulated by the on a standalone basis by the Fed Single Supervisory Mechanism of the ECB Other subsidiaries A mix of regulated and unregulated subsidiaries BBUKPLC metrics³ FY20 H120 FY19 BBPLC (solo) metrics³ FY20 H120 FY19 CET1 ratio 15.6% 14.2% 13.5% CET1 ratio 14.2% 14.3% 13.9% Tier 1 ratio 19.2% 17.6% 16.9% Tier 1 ratio 18.1% 17.8% 18.1% Total capital ratio 23.9% 23.1% 21.3% Total capital ratio 21.0% 21.0% 22.1% LCR4 160% 171% 144% LCR4 145% 166% 141% Liquidity pool £60bn £64bn £42bn Liquidity pool5 £206bn £234bn £169bn 1 Regulation on a consolidated basis became effective on 1 January 2019 | 2 Barclays Bank PLC (solo) contains additional relatively small entities that are brought into scope for regulatory solo requirements | 3 Capital metrics calculated based on CRR transitional arrangements, as amended by CRR II. This includes IFRS 9 transitional arrangements and the grandfathering of CRR and CRR II non-compliant capital instruments | Barclays Bank UK Group and Barclays Bank PLC DOLSub liquidity coverage ratio | 5 Barclays Bank Group liquidity pool | 56 Barclays Q1 2021 Fixed Income Investor Presentation#57STRATEGY, TARGETS CAPITAL MREL, FUNDING PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG & GUIDANCE & LEVERAGE & LIQUIDITY DIVISIONS & LEGAL ENTITIES APPENDIX Barclays is set up to continue serving clients based in the EU EU subsidiary operational with client on-boarding substantially complete • . Barclays has been able to provide undisrupted services in the European Union (EU) throughout the Brexit transition period and since the end of the post-Brexit transition period on 31st December 2020 Build out of Barclays Europe (BE) has meant Barclays is not dependant on the EU and UK agreeing to Financial Services equivalence to continue to serve clients Barclays Europe, operating through Barclays Bank Ireland PLC (BBI), is operational with nine branches across the EU. The on- boarding of EU clients from BBPLC to BE is substantially complete BBI obtained all regulatory authorisations and licences for its expanded activity in 2018 and is supervised by the Single Supervisory Mechanism of the ECB and the Central Bank of Ireland since 2019 Barclays Europe fortifies the diversification of the Group's business, operating across Corporate, Investment and Private Banking as well as a credit card and consumer business in Germany, with strategic investments to grow footprint¹ Diversified, well balanced funding sources and strong liquidity ratios. MREL and capital provided from within the Group The entity reported a strong financial profile as of FY20 with credit ratings in line with its immediate parent BBPLC Ireland Corporate • • Private EU footprint to service key markets Sweden • Banking Sweden Germany . Barclaycard Corporate Banking • Markets Netherlands Banking . Markets Netherlands Ireland Germany Belgium • Corporate France Corporate • Banking • Markets Luxembourg France Italy Portugal Spain Spain Corporate . Portugal Corporate Banking . Banking • Markets • Private Banking4 • Banking ⚫ Markets. Luxembourg Corporate Italy . Corporate Banking Belgium Corporate Banking4 • Markets Private Banking Barclays Europe Key Dec-20 Ratios and Credit Ratings² IFRS assets Barclays Bank Ireland PLC, as at 29 Apr 2021 CET1 ratio³ LCR €135bn 16.7% 218% Fitch S&P A+ / Negative/F1 A / Stable/A-1 1 The activity also incorporates a legacy Italian mortgage portfolio | 2 The ratings are equalised to those of Barclays Bank PLC, the immediate parent of Barclays Bank Ireland PLC | 3 CET1 ratio calculated applying the transitional arrangements of the CRR as amended by CRR II | 4 License extensions have been obtained but operational roll out is still in progress | 57 Barclays Q1 2021 Fixed Income Investor Presentation#58STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Appendix#59STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG & LEVERAGE & LIQUIDITY DIVISIONS & LEGAL ENTITIES Split of payments income by division Divisional split of FY20 payments linked income Split of FY20 CC&P income CC&P BUK CIB £1,656m £464m £800m £392m Unified Payments¹ Unified Payments¹ £406m £406m Private Bank £707m Barclays Cubed: Next- gen Commerce £482m £247m £235m Wholesale payment fees ➤ Interchange and FX fees³ £768m £58m £553m £157m £406m CC&P FY20 income £3,546m² APPENDIX £2,433m International Cards and Consumer Bank 1 Includes merchant acquiring and gateway services, B2B card issuing, and corporate cards revenues | 2 Excluding £(101)m related to the revaluation of Visa preference shares | 3 CC&P interchange and FX fees include US cards interchange presented on a net basis, after cost of rewards. BUK interchange and FX fees include interchange on both debit and credit cards | 59 Barclays Q1 2021 Fixed Income Investor Presentation#60STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG & LEVERAGE & LIQUIDITY Q121 other items of interest Three months ended (£m) Mar-21 Mar-20 Litigation & Conduct Litigation & Conduct across divisions (33) (10) Group Other net income Fair value gain on Barclays investment in the Business Growth Fund 120 Head Office 60 Barclays Q1 2021 Fixed Income Investor Presentation DIVISIONS & LEGAL ENTITIES APPENDIX#61STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY DIVISIONS CREDIT RATINGS ESG APPENDIX & LEGAL ENTITIES Q121 Group Three months ended (£m) Income Impairment charges - Operating expenses - Litigation and conduct Total operating expenses Other net income Mar-21 Mar-20% change 5,900 6,283 -6% (33) (3,578) (3,263) (55) (2,115) +97% (3,545) (3,253) -9% (10) -10% 132 8 Profit before tax 2,399 913 +163% Tax charge (496) (71) Profit after tax 1,903 842 +126% Non-controlling interests (4) (16) +75% Other equity instrument holders (195) (221) +12% Attributable profit 1,704 605 +182% Performance measures Basic earnings per share ROTE Cost: income ratio Loan loss rate Balance sheet RWAS 9.9p 3.5p 14.7% 5.1% 61% 52% 6bps 223bps £313.4bn £325.6bn 61 Barclays Q1 2021 Fixed Income Investor Presentation#62STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY DIVISIONS CREDIT RATINGS ESG APPENDIX & LEGAL ENTITIES Q121 Barclays UK Three months ended (£m) Mar-21 Mar-20% change Personal Banking 923 968 -5% - Barclaycard Consumer UK 315 436 -28% - Business Banking 338 300 +13% Income 1,576 1,704 -8% Personal Banking (22) (134) +84% - Barclaycard Consumer UK (36) (301) +88% - Business Banking (19) (46) +59% Impairment charges (77) (481) +84% - Operating expenses (1,036) (1,023) -1% - Litigation and conduct (3) (5) +40% Total operating expenses (1,039) (1,028) -1% Other net income Profit before tax Attributable profit 460 195 +136% 298 175 +70% Performance measures ROTE 12.0% 6.9% Average allocated tangible equity £9.9bn £10.1bn Cost: income ratio 66% 60% Loan loss rate 14bps 96bps NIM 2.54% 2.91% Balance sheet L&A to customers at amortised cost £205.7bn £195.7bn Customer deposits at amortised cost RWAS £72.7bn £247.5bn £207.5bn £77.7bn 62 Barclays Q1 2021 Fixed Income Investor Presentation#63STRATEGY, TARGETS & GUIDANCE CAPITAL MREL, FUNDING DIVISIONS PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG APPENDIX & LEVERAGE & LIQUIDITY & LEGAL ENTITIES Q121 Barclays International Three months ended (£m) Mar-21 Mar-20% change CIB CC&P Income 3,594 3,617 -1% 805 1,027 -22% 4,399 4,644 -5% - CIB 43 (724) - CC&P (21) (885) +98% Impairment releases/ (charges) 22 (1,609) - Operating expenses - Litigation and conduct Total operating expenses Other net income Profit before tax Attributable profit Performance measures ROTE Average allocated tangible equity Cost: income ratio Loan loss rate NIM Balance sheet RWAS (2,438) (2,219) -10% (21) (2,459) (2,219) -11% 9 6 +50% 1,971 822 +140% 1,431 529 +171% 17.7% 6.8% £32.3bn £31.2bn 56% (7)bps 377bps 48% 3.92% 3.93% £230.0bn £237.9bn 63 Barclays Q1 2021 Fixed Income Investor Presentation#64STRATEGY, TARGETS CAPITAL MREL, FUNDING PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG & GUIDANCE & LEVERAGE & LIQUIDITY DIVISIONS & LEGAL ENTITIES APPENDIX Q121 Barclays International: Corporate & Investment Bank Mar-20% change Three months ended (£m) Mar-21 -FICC 1,204 1,858 -35% -Equities 932 564 +65% Markets 2,136 2,422 -12% -Advisory 163 155 +5% -Equity capital markets 243 62 +292% -Debt capital markets 453 418 +8% Banking fees 859 635 +35% -Corporate lending 206 111 +86% -Transaction banking 393 449 -12% Corporate 599 560 +7% Total income 3,594 3,617 -1% Impairment releases/ (charges) 43 (724) - Operating expenses (1,886) (1,690) -12% - Litigation and conduct Total operating expenses (1) (1,887) (1,690) -12% Other net income Profit before tax Attributable profit Performance measures ROTE Average allocated tangible equity Cost: income ratio Balance sheet RWAS 1 1,751 1,203 +46% 1,263 820 +54% 17.9% £28.2bn £26.2bn 12.5% 53% 47% £201.3bn £201.7bn 64 Barclays Q1 2021 Fixed Income Investor Presentation#65STRATEGY, TARGETS CAPITAL MREL, FUNDING PERFORMANCE ASSET QUALITY CREDIT RATINGS ESG & GUIDANCE & LEVERAGE & LIQUIDITY DIVISIONS & LEGAL ENTITIES APPENDIX Q121 Barclays International: Consumer, Cards & Payments Three months ended (£m) Income Mar-20% change Mar-21 805 1,027 -22% Impairment charges (21) (885) +98% - Operating expenses (552) (529) -4% - Litigation and conduct (20) Total operating expenses (572) (529) -8% Other net income 8 6 +33% Profit/(loss) before tax 220 (381) Attributable profit/(loss) 168 (291) Performance measures ROTE 16.5% (23.5%) Average allocated tangible equity £4.1bn £5.0bn Cost: income ratio 71% 52% Loan loss rate 27bps 846bps Balance sheet RWAS £28.8bn £36.2bn 65 Barclays Q1 2021 Fixed Income Investor Presentation#66STRATEGY, TARGETS & GUIDANCE CAPITAL PERFORMANCE ASSET QUALITY & LEVERAGE MREL, FUNDING & LIQUIDITY DIVISIONS CREDIT RATINGS ESG APPENDIX & LEGAL ENTITIES Q121 Head Office Three months ended (£m) Income Mar-21 (75) (65) Mar-20% change -15% Impairment charges (25) - Operating expenses (71) (11) - Litigation and conduct (9) (5) -80% Total operating expenses (80) (16) Other net income 123 2 Loss before tax (32) (104) +69% Attributable loss (25) (99) +75% Performance measures Average allocated tangible equity £4.3bn £5.6bn Balance sheet RWAS £10.7bn £10.0bn 66 Barclays Q1 2021 Fixed Income Investor Presentation#67Contact - Debt Investor Relations Team Dan Colvin +44 (0)20 7116 6533 [email protected] Lis Nguyen +44 (0)20 7116 1065 [email protected] Robert Georgiou +44 (0)20 7116 0446 Version 1 [email protected] 67 Barclays Q1 2021 Fixed Income Investor Presentation#68Disclaimer Important Notice The terms Barclays or Group refer to Barclays PLC together with its subsidiaries. The information, statements and opinions contained in this presentation do not constitute a public offer under any applicable legislation, an offer to sell or solicitation of any offer to buy any securities or financial instruments, or any advice or recommendation with respect to such securities or other financial instruments. Information relating to: regulatory capital, leverage, liquidity and resolution is based on Barclays' interpretation of applicable rules and regulations as currently in force and implemented in the UK, including, but not limited to, CRD IV (as amended by CRD V applicable as at the reporting date) and CRR (as amended by CRR II applicable as at the reporting date) texts and any applicable delegated acts, implementing acts or technical standards and as such rules and regulations form part of UK law pursuant to the EU (Withdrawal) Act 2018, subject to the temporary transitional powers (TTP) available to UK regulators to delay or phase-in on-shoring changes to UK regulatory requirements between 31 December 2020 and 31 March 2022. Throughout the TTP period, the Bank of England and the PRA are expected to review the UK legislation framework and any disclosures made by the Group will be subject to any resulting guidance. All such regulatory requirements are subject to change. References herein to 'CRR as amended by CRR II' mean, unless otherwise specified, CRR as amended by CRR II, as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018 and subject to the TTP, as at the applicable reporting date; MREL is based on Barclays' understanding of the Bank of England's policy statement on "The Bank of England's approach to setting a minimum requirement for own funds and eligible liabilities (MREL)" published in June 2018, updating the Bank of England's November 2016 policy statement, and the non-binding indicative MREL requirements communicated to Barclays by the Bank of England. Binding future MREL requirements remain subject to change including at the conclusion of the transitional period, as determined by the Bank of England, taking into account a number of factors as described in the policy statement and as a result of the finalisation of international and European MREL/TLAC requirements. The Bank of England is currently conducting an MREL review, which may drive a different 1 January 2022 MREL requirement than currently proposed. The Pillar 2A requirement is also subject to at least annual review; future regulatory capital, liquidity, funding and/or MREL, including forward-looking illustrations, are provided for illustrative purposes only and are not forecasts of Barclays' results of operations or capital position or otherwise. Illustrations regarding the capital flight path, end-state capital evolution and expectations and MREL build are based on certain assumptions applicable at the date of publication only which cannot be assured and are subject to change. Forward-looking Statements This document contains certain forward-looking statements within the meaning of Section 21E of the US Securities Exchange 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 materially from those contained in the forward-looking statements. These 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', 'estimate', 'intend', 'plan', 'goal', 'believe', 'achieve' or other words of similar meaning. Forward-looking statements can be made in writing but also may be made verbally by members of the management of the Group (including, without limitation, during management presentations to financial analysts) in connection with this document. Examples of forward-looking statements include, among others, statements or guidance regarding or relating to the Group's future financial position, income growth, assets, impairment charges, provisions, business strategy, capital, leverage and other regulatory ratios, capital distributions (including dividend pay-out ratios and expected payment strategies), projected levels of growth in the banking and financial markets, projected costs or savings, any commitments and targets, estimates of capital expenditures, plans and objectives for future operations, projected employee numbers, IFRS impacts and other statements that are not historical fact. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. The forward-looking statements speak only as at the date on which they are made. Forward-looking statements may be affected by: changes in legislation; the development of standards and interpretations under IFRS, including evolving practices with regard to the interpretation and application of accounting and regulatory standards; the outcome of current and future legal proceedings and regulatory investigations; future levels of conduct provisions; the policies and actions of governmental and regulatory authorities; the Group's ability along with government and other stakeholders to manage and mitigate the impacts of climate change effectively; geopolitical risks; and the impact of competition. In addition, factors including (but not limited to) the following may have an effect: capital, leverage and other regulatory rules applicable to past, current and future periods; UK, US, Eurozone and global macroeconomic and business conditions; the effects of any volatility in credit markets; market related risks such as changes in interest rates and foreign exchange rates; effects of changes in valuation of credit market exposures; changes in valuation of issued securities; volatility in capital markets; changes in credit ratings of any entity within the Group or any securities issued by such entities; direct and indirect impacts of the coronavirus (COVID-19) pandemic; instability as a result of the UK's exit from the European Union (EU), the effects of the EU-UK Trade and Cooperation Agreement and the disruption that may subsequently result in the UK and globally; the risk of cyber-attacks, information or security breaches or technology failures on the Group's business or operations; and the success of future acquisitions, disposals and other strategic transactions. A number of these influences and factors are beyond the Group's control. As a result, the Group's actual financial position, future results, capital distributions, capital, leverage or other regulatory ratios or other financial and non-financial metrics or performance measures may differ materially from the statements or guidance set forth in the Group's forward-looking statements. Additional risks and factors which may impact the Group's future financial condition and performance are identified in our filings with the SEC (including, without limitation, our Annual Report on Form 20-F for the fiscal year ended 31 December 2020), which are available on the SEC's website at www.sec.gov. Subject to our obligations under the applicable laws and regulations of any relevant jurisdiction, (including, without limitation, the UK and the US), in relation to disclosure and ongoing information, we undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Non-IFRS Performance Measures Barclays' management believes that the non-IFRS performance measures included in this document provide valuable 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 and provide more detail concerning the elements of performance which the managers of these businesses are most directly able to influence or are relevant for an assessment of the Group. They also reflect an important aspect of the way in which operating targets are defined and performance is monitored by Barclays' management. However, any non-IFRS performance measures in this document are not a substitute for IFRS measures and readers should consider the IFRS measures as well. 68 Barclays Q1 2021 Fixed Income Investor Presentation