Investor Presentaiton
METHODOLOGY (2/3)
6- ROE, RONE, ROTE
The notion of ROE (Return On Equity) and ROTE (Return On Tangible Equity), as well as the methodology for calculating it, are specified on pages 43 of Societe Generale's 2023 Universal
Registration Document. This measure makes it possible to assess return on equity and Societe Generale's return on tangible equity.
RONE (Return on Normative Equity) determines the return on average normative equity allocated to the Group's businesses, according to the principles presented on page 44 of Societe
Generale's 2023 Universal Registration Document.
The Group net income retained for the numerator of the ratio is the accounting Group net income adjusted by the interest to be paid on TSS & TSDI, interest paid to the holders of TSS &
TSDI amortization of premiums issues and the impairment of goodwill.
7 - Net assets and tangible net assets are defined in the methodology, page 45 of the Group's 2023 Universal Registration Document.
8- Calculation of Earnings Per Share (EPS)
The EPS published by Societe Generale is calculated according to the rules defined by the IAS 33 standard (see page 45 of Societe Generale's 2023 Universal Registration Document).
The corrections made to Group net income in order to calculate EPS correspond to the restatements carried out for the calculation of ROE and ROTE. For indicative purpose, the Group
also publishes EPS adjusted for the impact of exceptional items and for IFRIC 21 adjustment (Underlying EPS).
9 - The Societe Generale Group's Common Equity Tier 1 capital is calculated in accordance with applicable CRR2/CRD5 rules. The phased-in ratios include the earnings for the current
financial year and the related provision for dividends. The difference between phased-in ratio and fully-loaded ratio is related to the IFRS 9 impacts. The leverage ratio is calculated
according to applicable CRR2/CRD5 rules including the phased-in adjustment in accordance with solvency ratios.
10 - The liquid asset buffer or liquidity reserve includes 1/ central bank cash and deposits recognised for the calculation of the liquidity buffer for the LCR ratio, 2/ liquid assets rapidly
tradable in the market (High Quality Liquid Assets or HQLA), unencumbered net of haircuts, as included in the liquidity buffer for the LCR ratio and 3/ central bank eligible assets,
unencumbered net of haircuts.
11 - The "Long Term Funding" outstanding is based on the Group financial statements adjusted by the following items for a more economic reading: interbank liabilities and debt
securities issued with a maturity above one year at inception. Issues placed in the Group's Retail Banking network (recorded in medium/long-term financing) are removed from the total
of debt securities issued.
SOCIETE
GENERALE
1ST QUARTER 2023 RESULTS | 12 MAY 2023View entire presentation