Barclays Credit Presentation Deck
STRATEGY, TARGETS
& GUIDANCE
PERFORMANCE
22.3%
Total capital ratio
0.4% (£1.1bn) Legacy T2
2.7%
(£8.6bn)
T2
0.2% (£0.6bn) Legacy T1
3.9%
(£12.2bn)
AT1
Capital structure well managed
Expect to hold prudent headroom above Tier 1 and total capital minimums
Illustrative evolution of regulatory capital structure
≥ 16.6%
Total capital
requirement¹
15.1%
(£47.5bn)
CET1
ASSET QUALITY
Total T2
3.1%
CAPITAL
& LEVERAGE
47 | Q4 2021 Fixed Income Investor Presentation | 23 February 2022
≥3.1%
T2
AT1 headroom
>2.4%
AT1
CET1 headroom
MREL, FUNDING
& LIQUIDITY
11.1%
CET1 MDA hurdle
CREDIT RATINGS
Balanced total capital structure
Aim to manage our capital structure in an efficient manner:
Continue to run a robust AT1 level and maintain a conservative
headroom
2.13
AT1 as a proportion of RWAs may vary due to seasonal and FX driven
fluctuations, in addition to potential issuance and redemptions
AT1 supports attractive opportunities to deploy leverage within the
Markets business
Expect to hold an appropriate level of Tier 2 to meet our total capital
requirement
2022
ESG
Around £3.7bn BBPLC legacy capital instruments outstanding at Dec-21.
After 2022 maturities, £1.7bn could remain outstanding in accordance
with their call/due dates. Majority of this expected to qualify as Tier 2 until
maturity/call or CRR2 grandfathered Tier 2 to Jun-25
Barclays PLC capital call and maturity profile (£bn)
2022
First or next call date as applicable
By contractual maturity as applicable
Barclays PLC AT1 capital as at 31 December 2021²
2.8
3.1
2024
2025
Barclays PLC Tier 2 capital as at 31 December 20212
3.2
2023
1.3
DIVISIONS
& LEGAL ENTITIES
2023
0.9
Dec-21
Dec-21
capital requirement
capital structure
¹ Excludes headrooms | 2 Prepared on nominal basis which will not reconcile with regulatory or accounting bases due to adjustments | 3 The redemption notice relating to the Barclays PLC US$1.5bn 7.875% AT1 was published on 8 February 2022 |
2024
APPENDIX
0.6
2025
1.1
2026+
4.9
1.5
2026+
BARCLAYSView entire presentation