Investor Presentaiton
SOUND CORPORATE RISK MANAGEMENT
Diversified corporate exposure
_Sectorial EaD(1) as a % of total Group EaD (1)
CORPORATE EXPOSURE: EUR 385bn
Low concentration risk
Non-
corporate
66%
EUR 1,136bn
at 31 March 2023
(1) Exposure at Default
*: Including trading activities
SOCIETE
GENERALE
Financial services
7.1%
Real Estate
3.2%
Utilities
2.7%
Manufacturing industries
Telecoms, media & technology
Agriculture, food industry*
Heavy industry & mining*
2.2%
1.9%
1.7%
1.6%
Automotive
1.4%
Corporate
34%
Oil and gas industry
1.4%
B2B and B2C services
1.3%
Building & construction
1.1%
Retail trade (excl. Automobile)
1.1%
Aviation & Defense
1.0%
Others
1.0%
Oil and gas trading
1.0%
Conglomerates
0.9%
Shipping and cruise
0.9%
Pharmaceuticals, health and social work
0.9%
Land transport & logistics
Hotels, catering, tourism & leisure
0.8%
0.5%
US REGIONAL BANKS
Very low exposure (EaD(¹) <USD 100m)
REAL ESTATE
Limited exposure to corporate real estate at c.3.2% of Group EaD (1)
of which 1.9% to commercial real estate:
.Disciplined origination, average current LTV at 50%
.Low exposure to offices (~25%)
.Diversified exposure mainly in Western Europe (79%), low presence in
the US (12%) and Asia (7%)
DIRECT LBO EXPOSURE
~EUR 5bn, i.e. ~0.4% of total Group EaD(1)
Historically cautious approach on LBO with a selective origination and a
low concentration
RUSSIAN OFFSHORE PORTFOLIO
EaD(1) down at EUR 1.6bn (down EUR 0.2bn vs Q4 22, -50% vs. Q4 21)
Net exposure at risk < EUR 0.5bn (before provisions)
Total provisions on offshore exposure at ~EUR 0.4bn as of 31 March 23
1ST QUARTER 2023 RESULTS | 12 MAY 2023View entire presentation