{
  "docId": "019dd923-5e88-73ef-bd5b-5b56109065e7",
  "docSlug": "f9574e8f8445fb37",
  "documentTitle": "20240220 Barclays FY2023 Results and Investor Update Presentation",
  "authorId": "Barclays",
  "authorName": "Barclays",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 48,
  "pageCount": 145,
  "prevPage": 47,
  "nextPage": 49,
  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "dense",
  "nDataPoints": 16,
  "notes": "The chart combines a line graph for yields/rates and a bar chart for income, highlighting the resilience of gross contribution.",
  "elementsJson": [
    "headline_text",
    "line_chart",
    "bar_chart_stacked",
    "callout_box"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5b-5b56109065e7/48",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5b-5b56109065e7",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5b-5b56109065e7.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5b-5b56109065e7#slide-48",
  "components": [
    {
      "bbox": {
        "h": 0.15,
        "w": 0.15,
        "x": 0.83,
        "y": 0.22
      },
      "kind": "callout",
      "text": "Gross contribution resilient to marginal changes in rates and notionals",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4e3b9d8a-cb85-4da8-bb42-e1f22c2d8015",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.15,
        "x": 0.03,
        "y": 0.75
      },
      "kind": "callout",
      "text": "Two-thirds of gross hedge income within Barclays UK",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d1b48c59-5372-47fa-9101-8f1d3570586e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.7,
        "x": 0.15,
        "y": 0.55
      },
      "kind": "chart",
      "text": "Gross Structural Hedge income (£bn) from 2019 to 2026",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fba51b95-3e5c-4491-a689-7464382fbf36",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.7,
        "x": 0.15,
        "y": 0.2
      },
      "kind": "chart",
      "text": "Average hedge yield and 5-year swap rate trends",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "03cfe6f7-bc6a-4425-bdc4-f3324c706f5e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Gross Structural Hedge income: £3.8bn",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-1042-7629-9bcf-febb3726c743",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.02,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Gross hedge income divided by period end hedge notional | UK Pound Sterling SONIA OIS Zero 5 Year Point | Refers to the impact to NII of hedges that have already been executed | We expect to roll around three quarters",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0330a8a7-3717-434e-8720-c4835ea6aaf8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.02,
        "y": 0.05
      },
      "kind": "title",
      "text": "Income: predictable uplift from the structural hedge",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "39269ae2-ffbd-43b7-a035-90b20134a72d",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Action Titles",
      "slug": "action-titles",
      "agent": "Architect",
      "layer": "slide",
      "matchId": "019dd95a-1b09-7403-ac50-3b07b382bf4f",
      "evidence": "'Income: predictable uplift from the structural hedge'.",
      "confidence": 85
    },
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "b6ff8775-e316-4495-9443-17852f961108",
      "evidence": "chart/waterfall: Gross Structural Hedge income (£bn) from 2019 to 2026",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 129,
      "from": 45,
      "beatId": "019dd95a-07a7-7579-bd63-d55e6d9a000e",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "RoTE waterfall to >12% + division-by-division 2026 plans.",
      "position": 4,
      "confidence": 88,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    },
    {
      "to": 129,
      "from": 32,
      "beatId": "019dd95a-07a7-7579-bd63-e56e02819b63",
      "arcName": "The Transformation Tale",
      "arcSlug": "transformation-tale",
      "beatName": "The Bridge",
      "beatSlug": "transformation-tale-the-bridge",
      "evidence": "Simpler/Better/More balanced playbook executed at group + division level.",
      "position": 3,
      "confidence": 72,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 58,
      "from": 45,
      "name": "Waterfall Value",
      "slug": "31-waterfall-value",
      "bestFor": "Financial analysis, value bridges, variance explanations",
      "matchId": "019dd95a-08f8-7619-ac2d-321329f06bef",
      "evidence": "Waterfall on p.46 plus income/cost/impairment driver slides building to the >12% target.",
      "position": 6,
      "objective": "Bridge FY23 RoTE to >12% by 2026",
      "structure": "The Total -> Driver 1 Impact -> Driver 2 Impact -> Driver 3 Impact -> The Remainder",
      "confidence": 86,
      "description": "Break down a big number into its component drivers to show where value is created or lost"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}