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Investor Presentaiton

20 20 Investec plc - we inherently hold more capital per unit of risk As we use the standardised approach for RWA calculations, our capital ratios are not directly comparable with peers 80% RWA density - Total RWA / Total Assets Minimum CET 1 requirement %* 12% 11.0% 11.0% 10.7% 10.1% 10.7% 10% 8.7% 8.8% 8% 60.8% 6% 4% 33.6% 2% 0% 70% 60% 50% 40% 30% 25.4% 20% 10% 0% 2017 2018 2019 2020 2021 2022 ■Investec plc UK 'big 5' ■Total UK sector Barclays plc (Mar- 22) Lloyds Banking Group plc (Mar- 22) Standard Chartered (Mar- 22) HSBC Holdings plc (Mar-22) Virgin Money UK plc (Mar-22) Investec plc: lowest min CET 1 requirement 7.6% 7.3% NatWest Group plc (Mar-22) Santander UK Group Holdings plc (Mar-22) Close Brothers Group plc (Jan- 22) Investec plc (Jun- 22) • We use the standardised approach for our RWA calculations - while peers are largely on the advanced approach • The result is that our RWA density at 60.8% is above the sector average of 33.6% Our RWA density is more than 2x higher than the 'big 5' UK peers • • Investec plc's current minimum CET1 requirement is 7.3% comprising a 4.5% Pillar 1 minimum requirement, a 2.5% CCB, a 0.31% Pillar 2A requirement (effective end June 2022, 31 Mar 2022 was 0.45%) and a 0.03% Countercyclical Capital Buffer (CCyB) Investec plc's reported CET1 ratio was 11.4%** at 31 Mar 2022, providing a 3.9% surplus relative to the regulatory minimum before buffers (which are also allowed to be used in times of stress) Investec plc continues to have the lowest PRA prescribed Pillar 2A capital requirement of all UK holding companies shown above Where the UK 'big 5' banks include HSBC, RBS, Lloyds, Barclays and Standard Chartered (source: Thomson Reuters - All adjusted to GBP) and the Total UK sector is per the Bank of England (source: https://www.bankofengland.co.uk/statistics/banking-sector-regulatory-capital/2021/2021-q4). Peers are shown at the December 2021 period as this is the closest match to the year under review. *Information sourced from latest financial reports. **After the deduction of foreseeable charges and dividends as required under the Capital Requirements Regulation. The Investec plc CET1 ratio would be 28bps higher before the deduction (i.e. 11.7% as shown on previous slides).
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