Barclays Plc · LSE:BARC
Barclays — Merger or Acquisition (April 2007)
13 slides from Barclays's merger presentation, Apr 27, 2007
Slide 1: Filed by Barclays PLC pursuant to Rule 425
Filed by Barclays PLC Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14d-2 under the Securities Exchange Act of 1934 Subject Companies: Barclays PLC (Commission File No. 1-09246) Barclays Bank PLC (Commission File No. 1-10257) ABN AMRO Holding N.V. (Commissio
Slide 2: Future SEC Filings and this Filing: Important Information
Future SEC Filings and this Filing: Important Information This document shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawfu
Slide 3: John Varley, Group Chief Executive
John Varley Group Chief Executive
Slide 4: The journey
The journey … • Long courtship followed by a quick engagement • Fast-moving team, covering all bases • Guiding Principles evident throughout the process 1
Slide 5: A universal bank leading the global financial services industry
A universal bank leading the global financial services industry • Retail customers – 47 million, in over 60 countries • Number one in investment management • Top five investment bank • Top five card issuer outside the US – 27m cards • Top ten wealth business …..and the biggest transaction in banking
Slide 6: Consistent strategic priorities
• Build the best bank in the UK • Accelerate growth of global businesses • Develop Retail and Commercial Banking activities in selected countries outside the UK • Enhance operational excellence Consistent strategic priorities
Slide 7: Same direction, shifting up a few gears
Same direction, shifting up a few gears • Banking sector is still fragmented • Customer needs around the world are converging • Demand-led growth will be significant • Universal bank model – best-placed • Portfolio is aligned with market growth and customer demand • Benefits for customers, sharehold
Slide 8: Offering world class capabilities, deep local relationships
Offering world class capabilities Deep local relationships Expanded client base to drive product revenues Enhanced product capabilities drive cross sell World class capabilities • Retail Banking • Credit Cards • Affluent Banking • Commercial Banking • Payments and transactional Banking • Investment
Slide 9: Board structure
Board structure • Arthur Martinez, Chairman • Marcus Agius, Deputy Chairman • 9 Members from ABN AMRO • 10 Members from Barclays BOARD
Slide 10: An experienced and clearly defined executive team
An experienced and clearly defined executive team EXECUTIVE COMMITTEE John Varley, Group Chief Executive Robert E. Diamond, Group President, CEO of IBIM Ron Teerlink Chief Operating Officer of GRCB Chris Lucas Group Finance Director Paul Idzik Group Chief Operating Officer Huibert Boumeester Group C
Slide 11: Substantial identified synergies
Substantial identified synergies • Total synergies: €3.5bn • Cost synergies: €2.8bn • Net revenue synergies: €0.7bn • Implementation costs: €3.6bn or 129% of cost synergies • Proforma 2006 cost:income ratio (57%) below Barclays (59%) and ABN AMRO (71%)
Slide 12: Next steps – indicative timetable
Next steps – indicative timetable* • July 2007: Publication of Offer documentation, Prospectus and our circular to shareholders • August 2007: (i) Extraordinary General Meeting of Barclays shareholders to approve the Offer (ii) Extraordinary General Meeting of ABN AMRO shareholders to approve the Of
Slide 13: Barclays ABN-AMRO
# BARCLAYS »> ABN-AMRO