Barclays H1 2022 Results

H122 Group highlights Income £13.2bn H121: £11.3bn Cost: income ratio 69% H121: 65% Costs £9.1bn H121: £7.3bn Impairment £0.3bn charge H121: £(0.7)bn net release PBT £3.7bn H121: £4.9bn EPS 14.8p H121: 21.9p Income up 17% with broad-based and steady growth across all operating businesses Income excluding benefit from hedging arrangements relating to Over-issuance of Securities up 10%¹ Costs up £1.8bn or 25% primarily driven by higher L&C charges Operating costs (which exclude L&C) up 2% Credit impairment charge remained lower than pre-pandemic levels Attributable profit of £2.5bn generated EPS of 14.8p and RoTE of 10.1% CET1 ratio of 13.6% - down c. 150bps from Dec-21 mainly driven by 1 Jan 2022 regulatory changes, the share buyback of up to £1bn announced at FY21 results, dividend accrual and higher RWAs, partially offset by earnings Increased capital distributions, with a 2.25p half year dividend and intention to initiate a further share buyback of up to £0.5bn announced TNAV per share increased 6p YTD primarily reflecting 14.8p of EPS, partially offset by net negative reserve movements driven by higher interest rates ROTE CET1 ratio 10.1% 13.6% H121: 16.1% Dec-21: 15.1% 4,902 Profit before tax bridge (Em) 1,131 427 1,083 156 634 4,367 3,733 Liquidity TNAV per Coverage Ratio 156% Dec-21: 168% share 297p Dec-21:291p H121 Income excl. Costs excl. Impairment Over-issuance Over-issuance of Securities of Securities¹ Other net income Net impact H122 of Over-issuance of Securities¹ 1 Please see slides 49-52 for details of the adjustments made in respect of the Over-issuance of Securities | Note: 2021 financial metrics have been restated to reflect the impact of Over-issuance of Securities. Please see slides 49-52 for details of the adjustments made in respect of the Over-issuance of Securities | 13 | Barclays H1 2022 Results | 28 July 2022 BARCLAYS

View entire presentation