Investor Presentaiton
GROUP
ROE/ROTE CALCULATION DETAIL
End of period (in EUR m)
Q123
Q1 22
Shareholders' equity Group share
68,747
66,089
Deeply subordinated and undated subordinated notes
(10,823)
(8,178)
(1)
Interest of deeeply & undated subodinated notes, issue premium amortisations
(102)
(65)
OCI excluding conversion reserves
640
72
Distribution provision (2)
(421)
(415)
Distribution N-1 to be paid
ROE equity end-of-period
Average ROE equity
Average Goodwill
Average Intangible Assets
(1,803)
(2,285)
56,238
55,218
56,072
54,764
(3,652)
(3,624)
(2,876)
(2,747)
Average ROTE equity
Group net Income
49,544
48,393
868
821
Interest on deeply subordinated notes and undated subordinated notes
(163)
(119)
Cancellation of goodwill impairment
Ajusted Group net Income
2
705
704
Average ROTE equity
ROTE
49,544
48,393
5.7%
5.8%
Underlying Group net income
Interest on deeply subordinated notes and undated subordinated notes
Cancellation of goodwill impairment
Ajusted Underlying Group net Income
Average ROTE equity (underlying)
Underlying ROTE
1,508
1,538
(163)
(119)
2
1,345
1,421
50,183
49,110
10.7%
11.6%
ROE/ROTE: see Methodology (1) Interest net of tax, payable to holders of deeply & undateds subordinated notes, issue premium amortisations (2) The dividend to be paid is calculated based on a pay-out ratio of 50% of the underlying Group net income, after
deduction of deeply subordinated notes and on undated subordinated notes
NB: 2022 figures restated in compliance with IFRS 17 and IFRS 9 for insurance entities
SOCIETE
GENERALE
1ST QUARTER 2023 RESULTS | 12 MAY 2023View entire presentation