Societe Generale S.a. Class A · EURONEXT:GLE
Societe Generale S.a. Class A — Q3 2022 Earnings Presentation
64 slides from Societe Generale S.a. Class A's earnings presentation, Nov 4, 2022
Slide 1: Group Results: 3rd Quarter and 9 Months 2022 Results
SOCIETE GENERALE GROUP RESULTS 3rd QUARTER AND 9 MONTHS 2022 RESULTS
Slide 2: Disclaimer
DISCLAIMER The financial information on Societe Generale for its third quarter and 9 months 2022 financial are subject to numerous risks and uncertainties, in particular in the Covid-19 crisis and Ukraine Unless otherwise specified, the sources for the business rankings and market positions are resu
Slide 3: Strong Results
STRONG RESULTS Good business Strong balance Delivering on GROUP NET INCOME performance sheet strategic initiatives EUR 1.4bn(1) EUR 1.5bn reported Revenues Cost of risk French networks merger in Q3 22 +2.3% (+3.7%*) vs. Q3 21 31 bps in Q3 22 All regulatory approvals obtained Resilient revenues in Fr
Slide 4: Executing Our Sustainability Ambition
EXECUTING OUR SUSTAINABILITY AMBITION Accelerating portfolio Accompanying our clients through decarbonisation partnerships and innovation UPSTREAM OIL AND GAS Equity investment in impact 100% acquisition by KB of rating agency Impak Finance, Enviros, an ESG consultancy Exposure reduction target stre
Slide 5: Group Performance
1. GROUP PERFORMANCE
Slide 6: Solid Quarterly Gross Operating Income
SOLID QUARTERLY GROSS OPERATING INCOME Gross Operating Income Positive jaws in Q3 Cost/income ratio _Underlying gross operating income (EURm)(1) _Change in underlying revenues and costs(1) _Underlying cost/income(1) excluding SRF 2,400 2,470 66.8% 66.9% 1,807 1,666 +2.3% +2.0% 61.8% 60.7% Q3 19 Q3 2
Slide 7: Significant Positive Jaws in 9M 22
SIGNIFICANT POSITIVE JAWS IN 9M 22 Positive jaws Continuous cost discipline Cost/income ratio _Underlying costs(1) 9M 22 vs. 9M 21 (EURm) _Underlying cost/income(1) excluding SRF _Change in underlying revenues and costs(1) +164 13,273 +165 +10.4% +142 73.0% +208 66.8% 63.4% 12,594 +5.4% 59.6% Revenu
Slide 8: Contained Cost of Risk
CONTAINED COST OF RISK _Cost of risk(1) (in bp) 9M 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 9M 22 NON-PERFORMING LOANS RATIO(2) 39 SEP 19 SEP 20 SEP 21 DEC 21 JUN 22 SEP 22 16 31 29 GROUP 15 6 15 3.4% 3.2% 3.1% 2.9% 32 2.8% FRENCH RETAIL BANKING 8 1 -3 8 3 14 2.7% INTERNATIONAL RETAIL 92 BANKING AND FINANCI
Slide 9: Low Defaults, Continued Prudent Provisioning
LOW DEFAULTS, CONTINUED PRUDENT PROVISIONING Limited defaults Further strengthening of S1/S2 total provisions _Cost of risk (in EURm) _Total S1/S2 provisions(1) (in EURm) 3,622 3,754 3,355 561 (39 bps) 456 2,282 2,407 2,379 1,987 1,987 (31 bps) 196 248 86 217 1,231 (15 bps) (6 bps) (15 bps) 302 313
Slide 10: CET 1 Well Above MDA
CET 1 WELL ABOVE MDA _Q3 22 change in CET 1(1) ratio (in bp) CET 1 of 13.1%(1) +6 bps -6 bps -1 bps 13.1% ~380 bps over MDA (9.27%) +14 bps +15 bps IFRS 9 Solid balance sheet phasing Leverage ratio at 4.2% 12.9% +12 bps TLAC ratio at 32.4% +9 bps IFRS 9 phasing Balance sheet meeting MREL requirement
Slide 11: Group Results
GROUP RESULTS In EURm Q3 2 2 Q3 21 Change 9M 22 9M 21 Change N et b ank i ng i ncom e 6,828 6,672 +2.3% +3.7%* 21,174 19,178 +10.4% +10.9%* Op erat i ng exp enses (4 , 2 3 3 ) (4 , 1 7 0 ) +1.5% +4.3%* (1 4 , 0 2 0 ) (1 3 , 0 2 5 ) +7.6% +8.9%* (1) Underlying operating expenses (4,358) (4,272) +2.0%
Slide 12: Business Performance
2. BUSINESS PERFORMANCE
Slide 13: French Networks and Private Banking
FRENCH NETWORKS AND PRIVATE BANKING +3.7% AV. LOANS OUTSTANDING(1) vs. Q3 21 +1.5% AV. DEPOSITS OUTSTANDING(1) vs. Q3 21 Stable AV. LIFE INSURANCE OUTSTANDINGS(2) vs. Q3 21 Stable AV. GLOBAL PRIVATE BANKING AUM(3) vs. Q3 21 _ Av. Loans(1) (EURbn) _ Av. Deposits (1) (EURbn) _ Av. Life insurance outst
Slide 14: Boursorama
BOURSORAMA X2.2 NEW CLIENT ONBOARDING vs. Q3 21 +40% TOTAL CLIENTS vs. end of Sep. 21 +21% AV. LOANS OUTSTANDING vs. Q3 21 +37% AV. DEPOSITS OUTSTANDING vs. Q3 21 _New client onboarding (‘000) _Total number of clients (m) _Av. Loans (EURbn) _ Av. Deposits and financial savings (EURbn) 365 15 46 4.3
Slide 15: French Retail Banking Results
FRENCH RETAIL BANKING RESULTS Revenues +0.5% vs. Q3 21 In EURm Q3 2 2 Q3 21 Change 9M 22 9M 21 Change Net banking income 2,176 2,165 +0.5% 6,620 6,268 +5.6% Net interest margin and other -4.5% vs. Q3 21 Net banking income excl. PEL/CEL 2,123 2,152 -1.3% 6,473 6,250 +3.6% good commercial activity, ma
Slide 16: International Retail Banking
INTERNATIONAL RETAIL BANKING EUROPE AFRICA AND OTHERS +6%* LOANS OUTSTANDING vs. end of Sep.21 -2%* DEPOSITS OUTSTANDING vs. end of Sep.21 + 7%* LOANS OUTSTANDING vs. end of Sep.21 + 6%* DEPOSITS OUTSTANDING vs. end of Sep.21 _Revenues (EURm) _Revenues (EURm) +15%* +10%* 775 665 485 440 Q3 21 Q3 22
Slide 17: Insurance and Financial Services
INSURANCE AND FINANCIAL SERVICES INSURANCE FINANCIAL SERVICES +1.7bn POSITIVE NET INFLOWS IN LIFE +3%* PROTECTION PREMIUM +5.2% FUNDED FLEET GROWTH +0.5%* EQUIPMENT FINANCE NET INSURANCE IN 9M 22 (EUR) vs. Q3 21 vs. end of Sep. 21 OUTSTANDING vs. Q3 21 _Revenues (EURm) _Revenues (EURm) +2%* +19%* 71
Slide 18: International Retail Banking and Financial Services Results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES RESULTS Revenues In EURm Q3 2 2 Q3 21 Change 9M 22 9M 21 Change +13.5%* vs. Q3 21 Net banking income 2,226 2,107 +5.6% +13.5%* 6,753 5,958 +13.3% +17.9%* International Retail Banking revenues +13.0%* Operating expenses (1,006) (1,015) -0.9% +10.6%*
Slide 19: Global Markets and Investor Services
GLOBAL MARKETS AND INVESTOR SERVICES REVENUES: +11% vs. Q3 21 _Q3 22 Global Markets revenues (EURm) _9M 22 Global Markets revenues (EURm) GLOBAL MARKETS REVENUES +12% vs. Q3 21 4,637 Strong client activity in a volatile environment, especially in rates 1,344 1,199 3,904 3,365 1,988 EQUITIES +1% vs.
Slide 20: Financing and Advisory
FINANCING AND ADVISORY REVENUES: +7% vs. Q3 21 _Q3 22 F&A revenues (EURm) _9M 22 F&A revenues (EURm) 2,418 GLOBAL BANKING AND ADVISORY -1% vs. Q3 21 807 754 2,109 1,904 Continued strong momentum in Asset Finance and Natural Resources 604 Resilient activity in Asset Backed-Products Investment Banking
Slide 21: Global Banking and Investor Solutions Results
GLOBAL BANKING AND INVESTOR SOLUTIONS RESULTS Revenues +6.4% vs. Q3 21 In EURm Q3 2 2 Q3 21 Variation 9M 22 9M 21 Variation Net banking income 2,312 2,172 +6.4% +3.9%* 7,630 6,671 +14.4% +12.4%* Operating expenses (1,428) (1,457) -2.0% -2.7%* (5,165) (4,848) +6.5% +6.4%* Operating expenses Underlyin
Slide 22: Corporate Center
CORPORATE CENTER In EURm Q3 2 2 Q3 21 9M 22 9M 21 Net banking income 114 228 171 281 Operating expenses Operating expenses (1) (276) (196) (865) (502) Underlying operating expenses (129) (110) (390) (259) EUR 160m(2) transformation charges in the Gross op erat i ng i ncom e (1 6 2 ) 32 (6 9 4 ) (2 2
Slide 23: Conclusion
3. CONCLUSION
Slide 24: Supplement
4. SUPPLEMENT
Slide 25: Mapping of Extra-Financial Ratings
MAPPING OF EXTRA-FINANCIAL RATINGS AGENCIES BEST SCORE WORST POSITION VERSUS PEERS TOP 1% ALL COMPANIES 100 69 60 50 30 0 WORLDWIDE AAA AA A BBB BB B CCC TOP 3% BANKS WORLDWIDE 100 79 60 57 54 30 0 TOP DECILE BANKS WORLDWIDE A+ C+ C C- D+ D D- TOP DECILE BANKS WORLDWIDE 0 10 20 30 40 80+ 20.1 TOP 14
Slide 26: Leading the Energy Transition with Flagship Targets
LEADING THE ENERGY TRANSITION WITH FLAGSHIP TARGETS Decarbonising Engaging our our portfolios businesses BEST-IN-CLASS SECTOR POLICIES UPSTREAM OIL AND GAS COAL EUR 300bn Reduce exposure by 20% by 2025 vs 2019 Reduce to zero our exposure to To support sustainable finance Reduce scope 3 absolute carb
Slide 27: Quarterly Income Statement by Core Business
GROUP QUARTERLY INCOME STATEMENT BY CORE BUSINESS International Retail Banking Global Banking and Investor French Retail Banking Corporate Centre Group and Financial Services Solutions In EURm Q3 22 Q3 21 Q3 22 Q3 21 Q3 22 Q3 21 Q3 22 Q3 21 Q3 22 Q3 21 Net banking income 2,176 2,165 2,226 2,107 2,31
Slide 28: 9M Income Statement by Core Business
GROUP 9M 22 INCOME STATEMENT BY CORE BUSINESS International Retail Banking Global Banking and Investor French Retail Banking Corporate Centre Group and Financial Services Solutions In EURm 9M 22 9M 21 9M 22 9M 21 9M 22 9M 21 9M 22 9M 21 9M 22 9M 21 Net banking income 6,620 6,268 6,753 5,958 7,630 6,
Slide 29: Underlying Data - Reconciliation with Reported Figures
GROUP UNDERLYING DATA - RECONCILIATION WITH REPORTED FIGURES in EUR m Q3 22 Q3 21 9M 22 9M 21 Exceptional operating expenses (-) (125) (102) 747 431 IFRIC linearisation (285) (199) 285 199 (1) Transformation costs 160 97 462 232 Of which related to French Retail Banking 100 46 301 106 Of which relat
Slide 30: Underlying Data - IFRIC Impact
GROUP UNDERLYING DATA - IFRIC 21 IMPACT International Retail Banking and Global Banking and Investor French Retail Banking Corporate Centre Group Financial Services Solutions In EURm 9M 22 9M 21 9M 22 9M 21 9M 22 9M 21 9M 22 9M 21 9M 22 9M 21 Total IFRIC 21 Impact - costs (225) (173) (123) (95) (741
Slide 31: CRR2/CRD5 Prudential Capital Ratios
GROUP CRR2/CRD5 PRUDENTIAL CAPITAL RATIOS _Phased-in Common Equity Tier 1, Tier 1 and Total Capital In EURbn 30.09.2022 31.12.2021 Shareholder equity Group share 66.3 65.1 Deeply subordinated notes* (9.3) (8.0) Undated subordinated notes* 0.0 0.0 (1) Distribution to be paid & interest on subordinate
Slide 32: CRR2 Leverage Ratio
GROUP CRR2 LEVERAGE RATIO _CRR2 phased-in Leverage Ratio(1) In EURbn 30.09.2022 31.12.2021 Tier 1 Capital 58.0 57.9 (2) Total prudential balance sheet 1,446 1,300 Adjustments related to derivative financial instruments (37) 9 (3) Adjustments related to securities financing transactions 17 15 Off-bal
Slide 33: TLAC / MREL
GROUP TLAC / MREL TLAC Q3 22 ratios MREL Q3 22 ratios Meeting 2022 requirements Meeting 2022 requirements(2) % RWA(1) % RWA(1) 2.5% SP SP SNP SNP T2 (*) T2 (*) 25.2% % Leverage AT1 % Leverage 10.1% AT1 9.6% CET1 21.6% CET1 19.5% 4.1% 4.7% 2.5% 29.9% 2.5% 29.9% 8.63% o.w. junior 6.75% > 5.91% debt 5.
Slide 34: Risk-Weighted Assets
GROUP RISK-WEIGHTED ASSETS* (CRR2/CRD5, IN EURbn) 371.6 367.6 363.5 45.6 45.6 131.5 49.2 126.8 118.5 112.8 110.0 113.0 110.9 15.3 108.2 108.8 28.9 13.0 5.6 28.9 8.2 5.0 4.5 4.5 14.3 5.0 28.1 0.4 0.1 0.2 0.3 0.0 0.1 13.9 11.8 13.3 107.2 106.1 309.0 310.7 104.2 104.9 103.2 104.1 300.0 86.0 88.6 77.0 T
Slide 35: Geographic Breakdown of SG Group Commitments at 30.09.2022
GROUP - GEOGRAPHIC BREAKDOWN OF SG GROUP COMMITMENTS AT 30.09.2022 On-and off-balance sheet EAD* All customers included: EUR 1,148bn Africa and Middle East 4% Latin America and Caribbean 1% Asia Pacific 5% Eastern Europe (EU) 7% North America France 47% 14% Western Europe (excl. France) 21% *Total c
Slide 36: Change in Gross Book Outstandings
GROUP CHANGE IN GROSS BOOK OUTSTANDINGS* _End of period in EURbn 573.0 579.9 585.0 594.7 553.9 530.2 538.8 518.6 520.8 131.9 138.1 145.3 142.3 141.7 International Banking and Financial 136.7 139.9 Services 134.2 135.5 Global Banking and Investor Solutions 190.7 190.1 170.7 176.9 145.3 149.9 160.4 13
Slide 37: Cost of Risk
GROUP COST OF RISK In EURm Q3 22 Q3 21 9M 22 9M 21 Net Cost Of Risk 196 8 264 145 French Retail Banking Gross loan Outstandings 246,467 234,980 244,941 234,525 Cost of Risk in bp 32 1 14 8 Net Cost Of Risk 150 145 572 408 International Retail Banking and Gross loan Outstandings 127,594 134,725 136,4
Slide 38: Non-Performing Loans
GROUP NON-PERFORMING LOANS In EUR bn 30.09.2022 30.06.2022 30.09.2021 Performing loans 573.1 565.9 532.3 (1) o/w Stage 1 book outstandings 511.2 503.1 468.7 o/w Stage 2 book outstandings 44.0 44.0 42.5 Non-performing loans 15.6 16.3 16.9 o/w Stage 3 book outstandings 15.6 16.3 16.9 Total Gross book
Slide 39: Russian Off-Shore Credit Exposure
RUSSIAN OFF-SHORE CREDIT EXPOSURE Portfolio managed in run-off mode since end February 2022 Residual exposure mainly composed of secured structured transactions _Evolution of exposure at default (EURbn) _Exposure at default by sectors at 30 September 22 . Reduced EAD at EUR 2.3bn as of ~-30% Others
Slide 40: Focus on Exposures
FOCUS ON EXPOSURES Corporate portfolio breakdown Exposure to sensitive sectors Corporate EAD(1) in each sector in % of total group EAD at 30.09.2022 Total Group EAD: EUR 1,148bn POWER UTILITIES IN EUROPE: 1.2% of total Group EAD Finance & Insurance 7.5% CHEMICALS: 0.2% of total Group EAD, well diver
Slide 41: IFRS 9 Monitoring
IFRS 9 MONITORING METHODOLOGY APPLIED As of Q3 22, IFRS 9 parameters were updated in order to take into account the current economic environment: • 3 macroeconomic scenarios were retained to capture the uncertainties around the general economic context and the war in Ukraine: central, favourable and
Slide 42: Change in Trading VaR and Stressed VaR
GROUP CHANGE IN TRADING VAR* AND STRESSED VAR** _Quarterly Average of 1-Day, 99% Trading VaR* (in EURm) 34 30 22 18 15 15 13 15 10 33 23 __ Trading VaR* 18 Credit 17 21 Interest Rates 19 21 14 19 11 Equity 7 7 13 16 Forex 13 12 15 10 Commodities 20 20 17 12 9 8 9 10 8 Compensation Effect 3 3 3 1 2 3
Slide 43: Long Term Funding Programme
LONG TERM FUNDING PROGRAMME 2022 PROGRAMME COMPLETED GIVING FLEXIBILITY TO CONSIDER PREFUNDING FOR 2023 2022 long term funding programme : EUR 20-21bn(1) 2022 funding programme: - c. EUR 20-21bn of vanilla debt, well balanced across the formats - c. EUR 19bn of structured notes issuance SECURED DEBT
Slide 44: Liquid Asset Buffer
GROUP LIQUID ASSET BUFFER _Liquid Asset Buffer (in EURbn) 275 255 244 227 229 214 173 189 161 168 Central Bank Loans and Deposits(1) High Quality Liquid Asset Securities(2) 51 61 60 64 58 2 3 5 Central Bank Eligible 10 10 Assets(2) Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Liquidity Coverage Ratio at 143% on av
Slide 45: EPS Calculation
GROUP EPS CALCULATION Average number of shares (thousands) 9M 22 H1 22 2021 Existing shares 844,376 842,540 853,371 Deductions Shares allocated to cover stock option plans and free shares awarded to 6,050 6,041 3,861 staff Other own shares and treasury shares 10,566 5,416 3,249 Number of shares used
Slide 46: Net Asset Value, Tangible Net Asset Value
GROUP NET ASSET VALUE, TANGIBLE NET ASSET VALUE End of period (in EURm) 9M 22 H1 22 2021 Shareholders' equity Group share 66,311 64,583 65,067 Deeply subordinated notes (9,350) (8,683) (8,003) Undated subordinated notes - Interest of deeeply & undated subodinated notes, issue premium (1) (80) (8) 20
Slide 47: ROE/ROTE Calculation Detail
GROUP ROE/ROTE CALCULATION DETAIL End of period (in EURm) Q3 22 Q3 21 9M 22 9M 21 Shareholders' equity Group share 66,311 63,638 66,311 63,638 Deeply subordinated notes (9,350) (7,820) (9,350) (7,820) Undated subordinated notes - - - - (1) Interest of deeeply & undated subodinated notes, issue premi
Slide 48: French Retail Banking: Net Banking Income
FRENCH RETAIL BANKING NET BANKING INCOME _NBI (in EURm) +0.5% 2,165 2,221 2,188 2,256 2,176 Commissions 984 1,002 1,023 +6.5% 1,032 Fees +6.8% vs. 9M 21 1,049 Other Income 66 106 -6.5% Net Interest Margin 100 187 62 PEL/CEL Provision or Reversal Net interest margin(1) +0.2% vs. 9M 21 1,102 1,093 1,0
Slide 49: French Retail Banking: Customer Deposits and Financial Savings
FRENCH RETAIL BANKING CUSTOMER DEPOSITS AND FINANCIAL SAVINGS _Average outstandings (in EURbn) _Change Q3 22 vs. Q3 21 432 439 +3.4% 425 431 429 119 +2.0% 117 119 117 115 Life Insurance 27 27 * 26 * 25 -7.1% Securities, Mutual Funds and Others 27 Sight Deposits(1) 178 +5.4% 169 172 170 175 PEL Regul
Slide 50: French Retail Banking: Loans Outstanding
FRENCH RETAIL BANKING LOANS OUTSTANDING _Change _Average outstandings, net of provisions (in EURbn) Q3 22 vs. Q3 21 244 248 249 +4.8% 238 241 125 126 127 +5.1% 121 123 Housing 20 20 20 20 +4.1% 19 Consumer Credit and Overdraft Business 98 99 100 101 102 +4.5% Customers* and Financial Institutions 0.
Slide 51: International Retail Banking and Financial Services: Quarterly Results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES QUARTERLY RESULTS International Retail Banking Insurance Financial Services Total In EURm Q3 22 Q3 21 Change Q3 22 Q3 21 Change Q3 22 Q3 21 Change Q3 22 Q3 21 Change Net banking income 1,260 1,271 +13.0%* 247 246 +2.1%* 719 590 +19.0%* 2,226 2,107
Slide 52: International Retail Banking and Financial Services: 9M Results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES 9M 22 RESULTS International Retail Banking Insurance Financial Services Total In EURm 9M 22 9M 21 Change 9M 22 9M 21 Change 9M 22 9M 21 Change 9M 22 9M 21 Change Net banking income 3,873 3,689 +12.6%* 749 720 +5.1%* 2,131 1,549 +35.0%* 6,753 5,958
Slide 53: International Retail Banking: Breakdown by Region, Quarterly
INTERNATIONAL RETAIL BANKING BREAKDOWN BY REGION - QUARTERLY RESULTS (1) Western Europe Czech Republic Romania Russia Africa, Mediterranean Total International Retail bassin and Overseas Banking (2) In EURm Q3 22 Q3 21 Change Q3 22 Q3 21 Change Q3 22 Q3 21 Change Q3 22 Q3 21 Change Q3 22 Q3 21 Chang
Slide 54: International Retail Banking: Breakdown by Region, 9M
INTERNATIONAL RETAIL BANKING BREAKDOWN BY REGION – 9M 22 RESULTS (1) Western Europe Czech Republic Romania Russia Africa, Mediterranean Total International Retail bassin and Overseas Banking (2) In EURm 9M 22 9M 21 Change 9M 22 9M 21 Change 9M 22 9M 21 Change 9M 22 9M 21 Change 9M 22 9M 21 Change 9M
Slide 55: Breakdown of Loans and Deposits Outstanding
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES BREAKDOWN OF LOANS AND DEPOSITS OUTSTANDING _Breakdown of Loans Outstanding (in EURbn) _Breakdown of Deposits Outstanding (in EURbn) _Change _Change Sept 22 vs. Sept 21 Sept 22 vs. Sept 21 +0.5%* 14.5 14.3 Equipment Finance(1) 86.7 1.1 +19.5%* 1.3
Slide 56: Insurance Key Figures
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES INSURANCE KEY FIGURES _Life Insurance Outstandings _Personal Protection Insurance Premiums (in EURm) and Unit Linked Breakdown (in EURbn) 1% 350 131.0 129.6 Change 1% 131.8 135.2 133.9 300 Q3 22/ Q3 21 1% 1% 250 276 277 276 35% 36% 35% 35% 264 256
Slide 57: Global Banking and Investor Solutions: Quarterly Results
GLOBAL BANKING AND INVESTOR SOLUTIONS QUARTERLY RESULTS Global Markets and Investor (1) Total Global Banking and Investor Financing and Advisory Lyxor Services Solutions In EURm Q3 22 Q3 21 Change Q3 22 Q3 21 Change Q3 22 Q3 21 Change Q3 22 Q3 21 Change Net banking income 1,505 1,354 +5.2%* 807 754
Slide 58: Global Banking and Investor Solutions: 9M Results
GLOBAL BANKING AND INVESTOR SOLUTIONS 9M 22 RESULTS Global Markets and Investor (1) Total Global Banking and Investor Financing and Advisory Lyxor Services Solutions In EURm 9M 22 9M 21 Change 9M 22 9M 21 Change 9M 22 9M 21 Change 9M 22 9M 21 Change Net banking income 5,212 4,394 +13.6%* 2,418 2,109
Slide 59: Global Banking and Investor Solutions: Key Financial Indicators
GLOBAL BANKING AND INVESTOR SOLUTIONS KEY FINANCIAL INDICATORS _Global Markets and Investor Services RWA (in EURbn) _Financing and Advisory RWA (in EURbn) 58.1 61.7 62.1 69.5 65.1 69.4 6.0 5.9 5.9 24.0 23.0 23.0 1.3 1.0 1.2 12.3 10.9 12.7 Operational 50.8 54.8 54.9 Market 33.3 31.2 33.7 Credit Q3 21
Slide 60: Global Banking and Investor Solutions: Revenues
GLOBAL BANKING AND INVESTOR SOLUTIONS REVENUES _Global Markets and Investor Services Revenues (in EURm) _Financing & Advisory Revenues (in EURm) 188 226 767 161 Securities 155 157 683 Services 538 820 821 807 401 370 754 790 Fixed Income and Currencies 1,010 798 729 833 806 Equities Q3 21 Q4 21 Q1 2
Slide 61: Recognised Expertise: League Tables, Rankings, Awards
GLOBAL BANKING AND INVESTOR SOLUTIONS RECOGNISED EXPERTISE: LEAGUE TABLES - RANKINGS - AWARDS AWARDS LEAGUE TABLES GLOBAL MARKETS SUSTAINABLE FINANCE #4 Sustainability-Linked Bonds Global #4 Green, Social and Sustainability Bonds EMEA EUR GLOBALCAPITAL AMERICAS DEUTSCHER ZERTIFIKATE ASIA RISKS AWARD
Slide 62: Financing & Advisory: Supporting Clients in Their Transformations
FINANCING & ADVISORY SUPPORTING CLIENTS IN THEIR TRANSFORMATIONS CLIENT PROXIMITY PORSCHE EUR 9.1bn all-secondary IPO priced at the top of the range (EUR INNOVATION Joint Bookrunner / MLA 78bn market capitalization) - Largest IPO in Europe since 2000 - MLA of the EUR 8.9bn acquisition facilities at
Slide 63: Methodology (1/2)
METHODOLOGY (1/2) 1 – Net banking income The pillars’ net banking income is defined on page 41 of Societe Generale’s 2022 Universal Registration Document. The terms “Revenues” or “Net Banking Income” are used interchangeably. They provide a normalised measure of each pillar’s net banking income taki
Slide 64: Methodology (2/2)
METHODOLOGY (2/2) 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 and 44 of Societe Generale’s 2022 Universal Registration Document. This measure makes it possible to assess return