Investor Presentaiton
Investec plc
A distinctive bank and investment manager with primary business in the UK
Total
assets
£27.9bn
Key highlights
Net core
loans
£14.4bn
Diversified revenue streams
Customer
deposits
£18.3bn
Funds under
management
£44.4bn
Employees
3,400+
with high annuity base
Balanced and defensive business model comprising two core business activities:
Specialist Banking and Wealth & Investment
Continued focus on growing our capital light income, now 46.6% of Investec plc's
revenue
Geographic and operational diversity with a high level of annuity revenue¹ accounting
for 73.6% of total operating income
Total funds under management (FUM) of £44.4bn and positive net inflows generated
by our leading UK private client wealth management business.
Sound balance sheet
Never required shareholder or government support
Robust capital base: 11.4% CET12 ratio, strong leverage ratio of 9.0%³ and total capital
ratio of 16.5%
Investec plc benefits from a substantial unlevered asset, being Wealth & Investment
Strong liquidity ratios with high level of readily available liquid assets, representing
48.5% of customer deposits (cash and near cash: £8.9bn)
Diversified funding base with strong retail deposit franchise and low reliance on
wholesale funding; customer deposits grew 13.8% in FY2022
We target a diversified, secured loan portfolio, lending to clients we know and
understand
We inherently hold more capital per unit of risk, with a conservative risk-weighted
assets density of 60.8%.4
11
1 Where annuity income is net interest income and annuity fees. 2 The capital adequacy disclosures for Investec plc include the deduction of foreseeable charges and dividends when calculating Common Equity Tier (CET)1 capital. These disdosures differ from the capital adequacy disclosures induded in the Investec Group's 2022
integrated and strategic report, which follow our normal basis of presentation and do not include this deduction when calculating CET1 capital. Investec plc CET1 ratio would be 28bps higher, on this basis. The leverage ratio is calculated on an end-quarter basis. In the UK, the 31 March 2022 leverage ratio is calculated applying the
UK leverage ratio framework, which applies to all UK firms from 1 January 2022. 3 Risk-weighted assets as a percentage of total assets.View entire presentation