{
  "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": 94,
  "pageCount": 145,
  "prevPage": 93,
  "nextPage": 95,
  "slideType": "key_messages",
  "function": "summarize",
  "density": "balanced",
  "nDataPoints": 2,
  "notes": null,
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5b-5b56109065e7/94",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5b-5b56109065e7",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5b-5b56109065e7.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5b-5b56109065e7#slide-94",
  "components": [
    {
      "bbox": {
        "h": 0.167,
        "w": 0.944,
        "x": 0.028,
        "y": 0.62
      },
      "kind": "list",
      "text": "Capital headwind: c.£16bn IRB RWA increase in H224, pre-mitigating actions; US-based card issuers impacted by adoption of Basel 3.1 in 2025",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "06981475-bf04-49f8-9951-d6bad7d1cd41",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.167,
        "w": 0.944,
        "x": 0.028,
        "y": 0.401
      },
      "kind": "list",
      "text": "Impairment: Long track record of prudent risk management; Reserve rebuild in 2023 from COVID lows; Trend towards long run average annual LLR of c.400 bps",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6ab44729-51dc-4bbf-8184-0b1444972c50",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.167,
        "w": 0.944,
        "x": 0.028,
        "y": 0.256
      },
      "kind": "list",
      "text": "RoTE: Long track record of growth and returns; Target 2026 RoTE (including IRB) is in line with Group target, mid-teens thereafter",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bfdd0ee2-f5db-4a31-9b93-d183161bd54e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "RoTE: £16bn",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-1042-7629-9bd3-f84f242dc47e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.015,
        "w": 0.286,
        "x": 0.026,
        "y": 0.948
      },
      "kind": "source-note",
      "text": "1 Long run average annual loan loss rate based on period from 2011-2023",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "10bcd601-5f33-40f7-a202-1aefefe486bc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.038,
        "w": 0.156,
        "x": 0.026,
        "y": 0.056
      },
      "kind": "title",
      "text": "Focus areas",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "712e849f-75c5-4182-951b-a7466468e6b7",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Action Titles",
      "slug": "action-titles",
      "agent": "Architect",
      "layer": "slide",
      "matchId": "019dd95a-1b09-7403-ac51-0164edeee7a8",
      "evidence": "'Focus areas' frames the diagnosis.",
      "confidence": 60
    }
  ],
  "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": 103,
      "from": 89,
      "name": "Tale Two Worlds",
      "slug": "04-tale-two-worlds",
      "bestFor": "Competitive analysis, benchmarking, case for change",
      "matchId": "019dd95a-08f8-7619-ac2d-424e0070f1b5",
      "evidence": "USCB today -> partner-market thesis -> path to RoTE in line with Group + 2026 targets.",
      "position": 10,
      "objective": "US Consumer Bank current vs 2026 path",
      "structure": "Current State -> Desired State / Benchmark -> The Gap & Implication",
      "confidence": 80,
      "description": "Show the gap between two states to drive urgency or highlight opportunity"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}