Societe Generale S.a. Class A · EURONEXT:GLE
Societe Generale S.a. Class A — Debt Investor Presentation (June 2013)
65 slides from Societe Generale S.a. Class A's debt investor presentation, June 2013
Slide 1: Presentation to Debt Investors May/June 2013
SOCIETE GENERALE PRESENTATION TO DEBT INVESTORS MAY/JUNE 2013
Slide 2: Disclaimer
DISCLAIMER The information contained in this document (the “Information”) has been prepared by the Société Générale Group (the “Group”) solely for informational purposes. The Information is confidential and this presentation may not be reproduced or distributed to any other person or published, in w
Slide 3: 1st Quarter 2013 Results
1st QUARTER 2013 RESULTS GROUP FUNDING STRATEGY AND RATINGS SUPPLEMENTARY DATA PRESENTATION TO DEBT INVESTORS MAY/JUNE 2013 | P.3
Slide 4: Capacity to reach ROE of 10% by end-2015
SOCIETE GENERALE GROUP GOOD START OF THE YEAR, LAUNCHING SECOND STEP OF GROUP TRANSFORMATION Revenues from businesses stable* vs. Q1 12 Cost Income ratio down in all businesses Solid first quarter Decrease in commercial cost of risk Group Net Income EUR 852m**, reported Group Net Income EUR 364m EUR
Slide 5: Successfully adapting business set-up: GOI up despite resource constraints
SOCIETE GENERALE GROUP SUCCESSFULLY ADAPTING BUSINESS SET-UP: GOI UP IN SPITE OF RESOURCE CONSTRAINTS Resilient business revenues from solid Gross operating income from businesses franchises (in EUR bn) bn) • Business revenues stable* vs. Q1 12 • Corporate and Investment Banking: 2.3 2.4 successful
Slide 6: Second step of group transformation: focus on cost control
SOCIETE GENERALE GROUP SECOND STEP OF GROUP TRANSFORMATION: FOCUS ON COST CONTROL Recurring cost savings Significant cost reduction measures over 2012- (in EUR m) 2015 targeting EUR 1,450m recurring savings • EUR 900m to be realised over three years starting 2013 150 • ~EUR 550m already delivered an
Slide 7: Cost reduction programme already being implemented
SOCIETE GENERALE GROUP COST REDUCTION PROGRAMME ALREADY BEING IMPLEMENTED Levers Projects under way Axes for further transformation • Right sizing of head office functions • Delivering cost synergies thanks to the Streamline the • Optimisation of French retail marketing set-up reorganisation around
Slide 8: Solid capital growth fully in line with Basel 3 roadmap
SOCIETE GENERALE GROUP SOLID CAPITAL GROWTH FULLY IN LINE WITH BASEL 3 ROADMAP Basel 2.5 CT1 ratio at 10.6% at end-March Basel 2.5 Core Tier 1 ratio • Negative impact of changes in accounting and regulatory rules: -95bp -69bp -17bp +65bp • Retained earnings: +20bp* -9bp +20bp Asset sales, IAS 19 Ret
Slide 9: Sound funding and strengthened balance sheet structure
SOCIETE GENERALE GROUP SOUND FUNDING AND STRENGHTENED BALANCE SHEET STRUCTURE Spread SG issuance spread vs. CDS 400 Loan to Deposit ratio at 117%, down -1 point vs. end-2012 and -8 points vs. Q1 12 350 CDS SG 5 yr Unsecured euro 300 Unsecured non euro 2013 LT programme > 65% completed 250 Covered bo
Slide 10: Decrease in cost of risk
SOCIETE GENERALE GROUP DECREASE IN COST OF RISK Cost of risk French Networks bp)*(a) (in bp)* • Overall cost of risk stable vs. Q4 12: still low on Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 individual customers, high on mid-size corporates 65 65 44 45 46 FRENCH NETWORKS International Retail Banking • Overall de
Slide 11: Consolidated results
SOCIETE GENERALE GROUP CONSOLIDATED RESULTS Net Banking Income**: EUR 6.2bn in Q1 13 Group results (in EUR m) • Impact of revaluation of own financial liabilities: EUR -1,045m In EUR m Q1 12 Q1 13 Change • Stable* revenues from businesses: resilient Retail Net banking income 6,311 5,088 -19.4% -16.7
Slide 12: French Networks: resilient performance, strict cost control
FRENCH NETWORKS RESILIENT PERFORMANCE, STRICT COST CONTROL Loans and deposits (in EUR bn) bn) Satisfactory business activity in a deteriorated economic environment 175 176 177 177 176 • Dynamic growth in deposits (+9.2% vs. Q1 12) from LOANS 137 141 143 146 149 both individual and corporate customer
Slide 13: Leader in internet and mobile banking in France
FRENCH NETWORKS LEADER IN INTERNET AND MOBILE BANKING IN FRANCE Innovative online offering Number of online connections per month • Societe Generale: only French bank ranked in top 10 in (in millions) Forrester’s 2013 global survey on mobile banking apps 60 • Ranked 2nd “Best Stand-Alone App” worldw
Slide 14: International Retail Banking: gradual adaptation
INTERNATIONAL RETAIL BANKING GRADUAL ADAPTATION Strong increase in deposits +7.1%*, sustained growth Loan and deposit outstandings breakdown in loans +3.7%* vs. Q1 12 (In EUR bn – Change vs. Q1 12 in %* ) Costs contained despite inflation (+0.5%*) vs. Q1 12 +3.7%* 62.6 64.1 +7.1%* ROMANIA -2.6%* 7.1
Slide 15: SG Russia: confirming the upturn
SG RUSSIA SG RUSSIA: CONFIRMING THE UPTURN Development of commercial franchises Main transactions with Russian clients • Corporate: steady increase in activity and solid transaction pipeline Tangible revenue synergies between Rosbank and SG CIB: USD 16,8bn Bridge/TL (Leg 1) Mandated Lead Arranger, N
Slide 16: Insurance: a key partner for retail networks
SPECIALISED FINANCIAL SERVICES AND INSURANCE INSURANCE: A KEY PARTNER FOR RETAIL NETWORKS France: improved market position Personal Protection and Property & Casualty(1) • Life: net inflows of EUR 0.8bn and growth in (Premiums - in EUR m) outstandings maintained (+4.0%* vs. Q1 12) 113 146 198 229 31
Slide 17: Specialised Financial Services: on-going profitable transformation
SPECIALISED FINANCIAL SERVICES AND INSURANCE SPECIALISED FINANCIAL SERVICES: ON-GOING PROFITABLE TRANSFORMATION DYNAMICS ALD Automotive(1): profitable growth in a difficult Business line Group Net Income(2) car market (in EUR m) • Leadership (n°3 worldwide) with high quality servic e -5 22 68 90 116
Slide 18: Corporate and Investment Banking: strong net income
CORPORATE AND INVESTMENT BANKING STRONG NET INCOME Resilient revenues in Q1 13, up +2.0% vs. a Q1 12 Net Banking Income (in EUR bn) Chg vs. Chg vs. bn) Q1 12** Q4 12** impacted by the strategic refocusing TOTAL 1.9 1.2 1.6 1.5 1.9 • Market activities: -7.2% vs. a strong Q1 12 excl. FIXED INCOME, CVA
Slide 19: Solid Q1 performance driven by leading franchises
CORPORATE AND INVESTMENT BANKING SOLID Q1 13 PERFORMANCE DRIVEN BY OUR LEADING FRANCHISES Equities: world leader in derivatives Awards & Rankings (As of end-March 2013) • Very good commercial activity in structured products • Solid revenues on flow products #2 All bonds in Euro • Mixed performance i
Slide 20: Progressive improvement in private banking and securities services
PRIVATE BANKING, GLOBAL INVESTMENT MANAGEMENT AND SERVICES PROGRESSIVE IMPROVEMENT IN PRIVATE BANKING AND SECURITIES SERVICES Private Banking Group Net Income(1) • Assets under management up +2.2% vs. end-Dec. (in EUR m) 2012, at 87.9bn end of March 2013 81 71 63 72 73 TOTAL 8 • Revenues up +4.6%* t
Slide 21: Corporate Centre
SOCIETE GENERALE GROUP CORPORATE CENTRE* Impact from revaluation of own financial liabilities Corporate Centre results (in EUR m) • EUR -1,045m before tax and EUR -685m after tax in Q1 13 • GOI excl. revaluation of own financial liabilities: EUR -301m Q1 12 Q1 13 Net banking income (230) (1,287) Cos
Slide 22: Key figures
SOCIETE GENERALE GROUP KEY FIGURES In EUR m Chg Chg Q1 13 Q1 vs. Q4 Q1 vs. Q1 Net banking income 5,088 -0.8% -19.4% Operating expenses (4,067) -1.7% -6.1% Net cost of risk (927) -29.5% +2.8% Group net income 364 NM -50.3% Financial results ROE 2.7% ROE ** 7.4% ROTE 3.2% ROTE** 8.8% Earnings per shar
Slide 23: Business performances, cost and risk monitoring to raise ROE to 10%
SOCIETE GENERALE GROUP BUSINESS PERFORMANCES, COST AND RISK MONITORING TO RAISE ROE TO 10% Strong business franchises delivering recurring client revenues A solid client portfolio supported by strict risk management Second phase in Group transformation: cost reduction measures targeting EUR 1,450m s
Slide 24: PRESENTATION TO DEBT INVESTORS MAY/JUNE 2013 | P.24
PRESENTATION TO DEBT INVESTORS MAY/JUNE 2013 | P.24
Slide 25: Group Funding Strategy and Ratings
1st QUARTER 2013 RESULTS GROUP FUNDING STRATEGY AND RATINGS SUPPLEMENTARY DATA PRESENTATION TO DEBT INVESTORS MAY/JUNE 2013 | P.25
Slide 26: 2013 long term funding program
GROUP FUNDING STRATEGY AND RATINGS 2013 LONG TERM FUNDING PROGRAM The 2013 funding program has been set to EUR 18 to 20bn As of May 20th, EUR 14.2bn have been raised, excluding securitization: • EUR 5.7bn of unsecured vanilla funding (o/w EUR 3.2bn through benchmark transactions, and EUR 2.5bn throu
Slide 27: 2013 secured funding
GROUP FUNDING STRATEGY AND RATINGS 2013 SECURED FUNDING Secured issuances* represented 9% of the 2013 Funding as of May 20th SG SCF (Société de Crédit Foncier) • Inaugural issuance from SG SCF in 2008 • Benefits from a specific legal framework • Cover pool exclusively includes exposures to public se
Slide 28: Current SG Group credit ratings
GROUP FUNDING STRATEGY AND RATINGS CURRENT SG GROUP CREDIT RATINGS Standard & Poor's Moody's Fitch Ratings Latest rating date 25/10/2012 21/06/2012 15/12/2011 Senior Long-term debt A A2 A+ Outlook Negative Stable Negative Lower Tier 2 BBB+ Baa3 BBB+ Upper Tier 2 BBB n/a BBB- Hybrid Tier 1 BBB/BBB- B
Slide 29: Credit ratings: peer review
GROUP FUNDING STRATEGY AND RATINGS CREDIT RATINGS: PEER REVIEW Standard & Poor's Moody's Fitch Ratings Rank Banks LT rating Outlook ST rating Rank Banks LT rating Outlook ST rating Rank Banks LT rating Outlook ST rating 1 Rabobank Nederland AA- Stable A-1+ 1 Rabobank Nederland Aa2 Stable P-1 1 Rabob
Slide 30: Appendix: SG SCF covered bond programme
GROUP FUNDING STRATEGY AND RATINGS APPENDIX: SG SCF COVERED BOND PROGRAMME • Société Générale SCF (Société de Crédit Foncier) has been established in October 2007. The inaugural issuance took place in May 2008 Program Term • EUR 15bn EMTN program • Rated AAA (S&P) / Aaa (Moody’s) • Listing: Euronext
Slide 31: Appendix: SG SFH covered bond programme
GROUP FUNDING STRATEGY AND RATINGS APPENDIX: SG SFH COVERED BOND PROGRAMME • Société Générale SFH (Société de Financement de l’Habitat) was created in April 2011 • The inaugural issuance took place in May 2011 Program • EUR 25bn EMTN Program • Listing: Euronext Paris At SG SFH level (following restr
Slide 32: Appendix: SG SFH cover pool characteristics
GROUP FUNDING STRATEGY AND RATINGS APPENDIX: SG SFH COVER POOL CHARACTERISTICS Loan type 100% prime French residential loans guaranteed by Crédit Logement (AA-/Aa3) Pool size EUR 25.2bn Number of loans 359,119 (average EUR 70,220 balance remaining per loan) Current WA LTV 60.46% WA Seasoning 53 mont
Slide 33: Supplementary Data
1st QUARTER 2013 RESULTS GROUP FUNDING STRATEGY AND RATINGS SUPPLEMENTARY DATA PRESENTATION TO DEBT INVESTORS MAY/JUNE 2013 | P.33
Slide 34: Table of contents
TABLE OF CONTENTS Societe Generale Group Specialised Financial Services and Insurance Quarterly results by core business Quarterly results Legacy assets, non economic and non recurring items Breakdown of NBI by business line and geographic zone Prudential capital ratios Key figures Basel 2.5 to Base
Slide 35: Quarterly results by core business
SUPPLEMENT - SOCIETE GENERALE GROUP QUARTERLY RESULTS BY CORE BUSINESS Private Banking, Specialised Global Financial Corporate & Investment French International Services & Investment Management Corporate Networks Retail Banking Insurance Banking and Services Centre Group In EUR m Q1 12 Q1 13 Q1 12 Q
Slide 36: Legacy assets, non economic and non recurring items
SUPPLEMENT - SOCIETE GENERALE GROUP LEGACY ASSETS, NON ECONOMIC AND NON RECURRING ITEMS Net banking Operating Group net Q1 13 income expenses Others Cost of risk income Legacy assets (10) (18) (35) (45) Corporate & Investment Banking Revaluation of own financial liabilities (1,045) (685) Corporate C
Slide 37: Prudential capital ratios
SUPPLEMENT - SOCIETE GENERALE GROUP PRUDENTIAL CAPITAL RATIOS 31 Dec.12 31 Mar.13 In EUR m Shareholder equity group share 49,809 49,907 Deeply subordinated notes (5,270) (5,302) Undated subordinated notes (1,607) (1,634) Dividend to be paid & interests on subordinated notes (509) (751) Goodwill and
Slide 38: Basel 2.5 to Basel 3 Core Tier 1 ratio at 31 March 2013
SUPPLEMENT - SOCIETE GENERALE GROUP BASEL 2.5 TO BASEL 3 CORE TIER 1 RATIO AT 31 MARCH 2013 BASEL 3 FULLY LOADED IMPACT (In EUR bn) CORE TIER 1 RATIO (In %) 10.6% 34 -2.1 32 8.7% CORE TIER 1 CAPITAL (in EUR bn) RISK WEIGHTED ASSETS (In EUR bn) 320.2 +46.3 366.5 BASEL 2.5 BASEL 3 PRESENTATION TO DEBT
Slide 39: Basel 2.5 risk-weighted assets
SUPPLEMENT – RISK MANAGEMENT BASEL 2.5 (CRD3) RISK-WEIGHTED ASSETS* (in EUR bn) 85.5 89.2 90.1 74.4 71.9 65.4 41.6 40.5 45.1 106.4 89.9 91.1 17.4 9.8 7.9 16.4 14.8 14.9 7.3 8.0 5.6 349.0 324.1 320.2 TOTAL OPERATIONAL 23.2 MARKET 43.7 2.9 3.2 CREDIT 3.0 41.3 41.0 0.1 0.1 36.6 0.1 22.0 22.6 3.7 28.6 2
Slide 40: GIIPS sovereign exposures
SUPPLEMENT – RISK MANAGEMENT GIIPS SOVEREIGN EXPOSURES (1) Net exposures(2) (in EUR bn) bn) 31.03.2013 31.12.2012 o.w. positions in o.w. positions in o.w. positions in o.w. positions in Total Total banking book trading book banking book trading book Greece 0.0 0.0 0.0 0.0 0.0 0.0 Ireland 0.1 0.0 0.1
Slide 41: Insurance subsidiaries' exposures to GIIPS sovereign risk
SUPPLEMENT – RISK MANAGEMENT INSURANCE SUBSIDIARIES' EXPOSURES TO GIIPS SOVEREIGN RISK Exposures in the banking book (in EUR bn) bn) 31.03.2013 31.12.2012 Gross exposure Net exposure Gross exposure Net exposure (1) (2) (1) (2) Greece 0.0 0.0 0.0 0.0 Ireland 0.5 0.0 0.5 0.0 Italy 2.3 0.1 2.3 0.1 Port
Slide 42: Group exposure to GIIPS non sovereign risk
SUPPLEMENT – RISK MANAGEMENT GROUP EXPOSURE TO GIIPS NON SOVEREIGN RISK(a) On- On-and off- off-balance sheet EAD (in EUR bn) bn) 0.5 2.1 12.8 0.6 9.8 4.8 RETAIL 0.3 SECURITISATION 0.1 CORPORATES 6.9 6.4 FINANCIAL INSTITUTIONS (INCL. LOCAL GOVERNMENTS) 0.5(b) 0.4 1.2 2.6 1.5 0.5 0.1 0.4 0.2 GREECE IR
Slide 43: Change in gross book outstandings
SUPPLEMENT - RISK MANAGEMENT CHANGE IN GROSS BOOK OUTSTANDINGS* End of period in EUR bn 429.9 434.0 439.3 425.5 430.8 434.9 424.2 Private Banking, 426.4 407.1 Global Investment 26.7 27.0 28.4 24.9 26.9 Management and Services 23.5 24.6 24.6 23.4 101.8 102.0 103.0 90.9 93.3 94.3 90.2 90.6 Corporate a
Slide 44: Doubtful loans
SUPPLEMENT - RISK MANAGEMENT DOUBTFUL LOANS* In EUR bn 31/12/2011 31/12/2012** 31/03/2013 Gross book outstandings* 425.5 407.1 424.2 Doubtful loans 24.1 23.7 24.3 Collateral relating to doubtful loans 4.7 6.1 6.3 Provisionable commitments 19.4 17.7 18.0 Non performing loans ratio (Provisionable comm
Slide 45: Change in trading VaR
SUPPLEMENT – RISK MANAGEMENT CHANGE IN TRADING VAR* Quarterly average of 1-day, 99% Trading VaR (in EUR m) 45 46 41 34 Trading VaR 30 30 25 23 23 21 20 16 17 CREDIT 15 16 16 10 11 21 34 7 INTEREST RATES 21 23 17 16 16 15 23 18 EQUITY 13 11 12 10 12 13 12 6 7 5 6 4 5 6 3 3 3 2 2 2 32 3 2 FOREX 2 -15
Slide 46: French Networks: change in net banking income
SUPPLEMENT – FRENCH NETWORKS CHANGE IN NET BANKING INCOME Commissions: -3.4% vs. Q1 12 • Financial commissions: -6.4% • Service commissions: -2.6% Interest margin: +0.2%(a) vs. Q1 12 • Average deposit outstandings: +9.2% 2,046 2,037 2,010 2,068 2,015 NBI in EUR m • Average loan outstandings: +0.7% 1
Slide 47: Customer deposits and financial savings
SUPPLEMENT – FRENCH NETWORKS CUSTOMER DEPOSITS AND FINANCIAL SAVINGS Change Average outstandings Q1 13 vs. Q1 12 in EUR bn 256.9 +5.1% 246.9 249.3 251.2 244.5 LIFE INSURANCE Financial 80.6 81.9 +2.3% 80.0 79.8 80.6 savings: EUR 107.7bn MUTUAL FUNDS -0.2% 24.2 -7.2% 24.4 23.9 23.3 OTHERS 26.1 1.7 1.7
Slide 48: Loan outstandings
SUPPLEMENT – FRENCH NETWORKS LOAN OUTSTANDINGS Average outstandings Change in EUR bn Q1 13 vs. Q1 12 175.1 175.8 176.6 176.7 176.3 +0.7% INDIVIDUAL CUSTOMERS o.w.: - HOUSING 84.7 85.1 85.6 85.8 85.9 +1.4% - CONSUMER CREDIT AND 9.7 9.6 9.6 OVERDRAFT 9.7 9.5 -1.9% BUSINESS CUSTOMERS* 79.0 79.5 79.9 79
Slide 49: Quarterly results of International Retail Banking by geographic zone
SUPPLEMENT – INTERNATIONAL RETAIL BANKING QUARTERLY RESULTS OF INTERNATIONAL RETAIL BANKING BY GEOGRAPHIC ZONE Sub-sah. Czech Mediterranean Africa, French Romania Russia Other CEE* Other Total Republic Basin** territories and Asia In EUR m Q1 12 Q1 13 Q1 12 Q1 13 Q1 12 Q1 13 Q1 12 Q1 13 Q1 12 Q1 13
Slide 50: Indicators of major subsidiaries at end-March 2013
SUPPLEMENT – INTERNATIONAL RETAIL BANKING INDICATORS OF MAJOR SUBSIDIARIES AT END-MARCH 2013 Loan to Group share of Ownership Credit RWAs* Loans* Deposits* deposit ratio the Market percentage (as % ) capitalisation* Russia 82.4% 12,220 10,248 9,175 111.7% - (Rosbank) Russia 82.4% 709 1,915 28 n/a -
Slide 51: Specialised Financial Services and Insurance: quarterly results
SUPPLEMENT – SPECIALISED FINANCIAL SERVICES AND INSURANCE QUARTERLY RESULTS Specialised Financial Total Specialised Financial Insurance Services Services and Insurance Q1 12 Q1 13 Change Q1 12 Q1 13 Change Q1 12 Q1 13 Change Net banking income 682 685 +1%* 167 183 +12%* 849 868 +2% +3%* Operating ex
Slide 52: Breakdown of NBI by business line and geographic zone
SUPPLEMENT – SPECIALISED FINANCIAL SERVICES AND INSURANCE BREAKDOWN OF NBI BY BUSINESS LINE AND GEOGRAPHIC ZONE NBI Q1 13 by business line NBI Q1 13 by geographic zone ALD INSURANCE FRANCE 19% 21% OTHER 37% 41% EQUIPMENT FINANCE 17% 43% 22% CONSUMER FINANCE GERMANY AND ITALY PRESENTATION TO DEBT INV
Slide 53: Specialised Financial Services and Insurance: key figures
SUPPLEMENT – SPECIALISED FINANCIAL SERVICES AND INSURANCE KEY FIGURES Loan outstandings Number of vehicles Change (in EUR bn) bn) Change (in thousands) Q1 13 vs. Q1 12 Q1 13 vs. Q1 12 +4.4%** 40.9 40.7 40.4 39.2 922 931 936 955 963 39.6 -4.3%* EQUIPMENT 18.2 18.2 18.0 FINANCE (1) 225 225 231 231 17.
Slide 54: Corporate and Investment Banking: quarterly results
SUPPLEMENT – CORPORATE AND INVESTMENT BANKING QUARTERLY RESULTS Legacy Total Corporate and Core activities assets Investment Banking Q1 12 Q1 13 Change Q1 12 Q1 13 Q1 12 Q1 13 Change Net banking income 1,924 1,914 -1% (57) (10) 1,867 1,904 +2% +3%* o.w. Financing & Advisory 276 475 +72% 276 475 +72%
Slide 55: Recognition across the finance industry
SUPPLEMENT – CORPORATE AND INVESTMENT BANKING RECOGNITION ACROSS THE FINANCE INDUSTRY Investment Banking Global markets League Table Q1 2013 League Table Q1 2013 #1 All categories #1 Best Overall Institution #2 All Euro Bonds #10 Equity & Equity-Related - EMEA #1 Interest rate products #1 Base Metal
Slide 56: Legacy assets – summary of exposures as of 31 March 2013
SUPPLEMENT – CORPORATE AND INVESTMENT BANKING LEGACY ASSETS – SUMMARY OF EXPOSURES AS OF 31 MARCH 2013 o.w. monoline Banking Trading Total and CDPC Basel 3 in EUR bn Net Discount Net Discount Net capital* Nominal Nominal Net exposure exposure rate exposure rate exposure US residential market related
Slide 57: Legacy assets – results
SUPPLEMENT – CORPORATE AND INVESTMENT BANKING LEGACY ASSETS – RESULTS In EUR m Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 NBI of legacy assets -57 -112 -94 -5 -10 o.w. Losses and writedowns of exotic credit derivatives -59 -41 19 -15 -2 Corporate and LCDX macrohedging 0 0 0 0 0 Writedown of unhedged CDOs 19 -130
Slide 58: Private Banking, Global Investment Management and Services: quarterly results
SUPPLEMENT – PRIVATE BANKING, GLOBAL INVESTMENT MANAGEMENT AND SERVICES QUARTERLY RESULTS Total Private Banking, Global Private Banking Asset Management SG SS, Brokers Investment Management and Services Q1 12 Q1 13 Change Q1 12 Q1 13 Change Q1 12 Q1 13 Change Q1 12 Q1 13 Change Net banking income 20
Slide 59: Private Banking and Services: key figures
SUPPLEMENT – PRIVATE BANKING, GLOBAL INVESTMENT MANAGEMENT AND SERVICES KEY FIGURES Private Banking: Assets under Management (in EUR bn) +0.3 -2.2 +3.7 FOREX MARKET NET EFFECT EFFECT INFLOW 85.6 88.0 86.1 87.9 86.1 87.9 85.4 MAR. 12 JUNE 12 SEPT. 12 DEC. 12 MAR. 13 DEC. 12 MAR. 13 Security Services:
Slide 60: EPS calculation
SUPPLEMENT – TECHNICAL SUPPLEMENT EPS CALCULATION Average number of shares (thousands) 2011 2012 Q1 13 Existing shares 763,065 778,595 780,716 Deductions Shares allocated to cover stock options and 9,595 8,526 8,127 restricted shares awarded to staff Other treasury shares and share buybacks 14,086 1
Slide 61: Net asset value, tangible net asset value and ROE equity
SUPPLEMENT - TECHNICAL SUPPLEMENT NET ASSET VALUE, TANGIBLE NET ASSET VALUE AND ROE EQUITY End of period 31 Dec.11 31 Dec.12 31 Mar.13 Shareholder equity group share 47,067 49,809 49,907 End of period 31 Dec.11 31 Dec.12 31 Mar.13 Deeply subordinated notes (5,291) (5,264) (5,296) Shareholder equity
Slide 62: Funded balance sheet
SUPPLEMENT - TECHNICAL SUPPLEMENT FUNDED BALANCE SHEET Change Change vs. Q4 12 vs. Q4 12 ASSETS LIABILITIES In EUR bn +3 655 655 +3 -1 NET CENTRAL 64 62 SHORT TERM ISSUANCE -4 BANK DEPOSIT +4 INTERBANK LOANS 41 INTERBANK SHORT TERM -2 63 DEPOSITS 14 OTHER +6 CLIENT RELATED 93 +5 TRADING ASSETS MEDIU
Slide 63: Methodology (1/2)
TECHNICAL SUPPLEMENT METHODOLOGY (1/2) 1- The Group’s quarterly results at 31 March 2013 were reviewed by the Board of Directors on 6 May 2013. The financial information presented for the first quarter 2013 has been prepared in accordance with IFRS as adopted in the European Union and applicable at
Slide 64: Methodology (2/2)
TECHNICAL SUPPLEMENT METHODOLOGY (2/2) 5- The Societe Generale Group’s Core Tier 1 capital is defined as Tier 1 capital minus the outstandings of hybrid instruments eligible for Tier 1 and a share of Basel 2 deductions. This share corresponds to the ratio between core Tier 1 capital excluding hybrid
Slide 65: Investor Relations team
INVESTOR RELATIONS TEAM HANS VAN BEECK, STÉPHANE DEMON, MARION GENAIS, AURÉLIA GOMEZ, KIMON KALAMBOUSSIS, MURIEL KHAWAM, LUDOVIC WEITZ +33 (0) 1 42 14 47 72 [email protected] www.investor.socgen.com C3 | RESULTATS DU 1ER TRIMESTRE 2011 5 MAI 2011 | P.65
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