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2 0 2 4 C R É D I T A G R I C O L E G R O U P P R E S E N T A T I O N WORKING EVERY DAY IN THE INTEREST OF OUR CUSTOMERS AND SOCIETY CRÉDIT AGRICOLE S.A. EQUITY STORY
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2 0 2 4 C R É D I T A G R I C O L E G R O U P P R E S E N T A T I O N 2 •Strong product factories in the listed entity Crédit Agricole S.A at the service of wide distribution base of Crédit Agricole Group •Diversified business mix, leading and profitable business lines benefiting from organic and inorganic growth •Efficient and optimized structure allowing CASA to operate at a lower CET1 Ratio and deliver a high ROTE •High level of results fuelling attractive remuneration and the financing of our development 1. Underlying ROTE calculated on the basis of underlying net income Group share and linearised IFRIC costs over the year Crédit Agricole S.A. 1.10 € dividend / share 2024 Crédit Agricole S.A. 11.7% Phased-in CET1 Q4-2024 Crédit Agricole S.A. 14.0% Underlying ROTE(1) 2024 Credit Agricole Group 17.2% Phased-in CET1 Q4-2024 CRÉDIT AGRICOLE S.A. : OPTIMISED STRUCTURE & PROFITABLE STRATEGY
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2 0 2 4 C R É D I T A G R I C O L E G R O U P P R E S E N T A T I O N 3 ALL FINANCIAL TARGETS OF 2025 AMBITIONS PLAN EXCEEDED IN 2024 €7.2bn 14.0% 54.4% Net income Group share underlying ROTE underlying Underlying cost/income ratio excl. SRF 2025 Targets > €6bn > 12.0% < 58.0% ✓ ✓ ✓ 11.7% Dividend (1) €1.10/share CET 1 Distribution 11.0% ✓ ✓50% in cash 2024 Crédit Agricole S.A. underlying net income Group share vs MTP targets 2019 2021 5.4 MTP 2022 2024 7.2 MTP 2025 3.2(2) 2016 4.6 MTP 2020 Bn€ > 4.2 > 5 > 6 (1) Proposed 2024 dividend submitted for the approval of the 2025 General Meeting (2) Pro forma of the simplification of the capital structure (Eureka)
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2 0 2 4 C R É D I T A G R I C O L E G R O U P P R E S E N T A T I O N WORKING EVERY DAY IN THE INTEREST OF OUR CUSTOMERS AND SOCIETY CRÉDIT AGRICOLE GROUP’S STRENGTHS
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2 0 2 4 C R É D I T A G R I C O L E G R O U P P R E S E N T A T I O N 5 CRÉDIT AGRICOLE GROUP KEY FIGURES 54 #1 retail Insurer in France #1 European asset manager #1 retail bank in the European Union based on number of customers 9th largest global bank by balance sheet size Rankings and key figures 12.1 million mutual shareholders #1 cooperative mutual bank in the world 8,200# 1#1 provider of financing to the French economy 46 countries Including 6,660 in France (Regional Banks and LCL)
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2 0 2 4 C R É D I T A G R I C O L E G R O U P P R E S E N T A T I O N 6 CRÉDIT AGRICOLE GROUP MODEL Ever-evolving to meet our customers' needs 1950s Household banking Creation of Crédit Agricole in Poligny (Jura)1885 From end of 19th century Farmers financing 1970s Access to home ownership Insurance, Savings, Asset management, Real Estate, distribution of payment cards From 1990 Mobility: auto financing, LT leasing, services CA Transitions et Energies and CA Santé et Territoires 2023 2. Universality Serving everyone, everywhere, across all channels 1. Usefulness Working in the interest of society as a whole 3. Proximity Long-term presence in each region THE HISTORY OF CRÉDIT AGRICOLE THE THREE PRINCIPLES THAT GUIDE OUR ACTIONS
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2 0 2 4 C R É D I T A G R I C O L E G R O U P P R E S E N T A T I O N 7 A MAJORITY SHAREHOLDER CRÉDIT AGRICOLE GROUP ASSET GATHERING AND INSURANCE RETAIL BANKING ITALY POLAND, UKRAINE, EGYPT SPECIALISED FINANCIAL SERVICES LARGE CUSTOMERS SPECIALISED ACTIVITIES AND SUBSIDIARIES 39 Regional Banks Jointly holding the majority of Crédit Agricole S.A.’s share capital through SAS Rue La Boétie 62.4% REGIONAL BANK Holding 37.6% PUBLIC Listed Company Central Body and member of CA network HoldCo of Group subs
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2 0 2 4 C R É D I T A G R I C O L E G R O U P P R E S E N T A T I O N 8 BUSINESS LINES AT THE SERVICE OF ALL GROUP CUSTOMERS 5.1 25.3 6.5 17.2 Regional banks 54m individual customers International banks Asset Gathering & Insurance Large Customers Specialised Financial Services Other business lines 2023 figures
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2 0 2 4 C R É D I T A G R I C O L E G R O U P P R E S E N T A T I O N 9 Crédit Agricole Group EFFICIENT AND FLEXIBLE GROUP STRUCTURE, OPTIMIZED CASA TARGET Distance to SREP 11.7% MTP target ~11% 17.2% MTP target > 17% Phased-in CET1 Phased-in CET1Crédit Agricole S.A. •Mutualist Regional banks •Close to 80% retained earnings •Structurally very low cost of capital Capital protection •Group support: fluid capital circulation, solidarity mechanism between the CA network •Strength recognised by rating agencies Optimised financial structure S&P Global Ratings A+ 01/10/2024 Stable outlook Moody’s A1 17/12/2024 Stable outlook Fitch Ratings A+/AA- 18/12/2024 Stable outlook DBRS AA (low) 06/09/2024 Stable outlook Issuer/LT senior preferred debt Last review date Rating decision Ratings (1) Based on public data for the 11 European G-SIBs (CAG, Barclays, BNPP, BPCE, Deutsche Bank, HSBC, ING, Santander, Société Générale, Standard Chartered and UBS) and CASA. Distance to SREP or requirement in CET1 equivalent, rounded to the nearest 10. 2024 figures
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2 0 2 4 C R É D I T A G R I C O L E G R O U P P R E S E N T A T I O N 10 HIGH AND STABLE RETURN, OPTIMIZED YIELD ROTE: 14% in 2024 50% Pay-out (1) Underlying ROTE calculated on the basis of underlying net income Group share (2) Before “Operation Eureka” Group simplification (3) First year after “Operation Eureka” Group simplification **excl. 10% loyalty dividend *** subject to approval by the 2025 General Meeting 0.50 0.85 0.85 0.30 0.20 0.20 0.35 0.60 0.60 0.63 0.69 0.70 0.80 1.05 1.05 1.05 1.10 2014** 2015** 2016** 2017** 2018 2019 2020 2021 2022 2023 2024*** Dividend at end-December 2019 dividend catch up x3.1 10.4% 8.6% 11.1% 12.7% 11.9% 9.3% 13.1% 12.6% 12.6% 14.0% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 MTP target >12% (2) (3)
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2 0 2 4 C R É D I T A G R I C O L E G R O U P P R E S E N T A T I O N WORKING EVERY DAY IN THE INTEREST OF OUR CUSTOMERS AND SOCIETY KEY SUCCESS FACTORS OF CRÉDIT AGRICOLE S.A.
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2 0 2 4 C R É D I T A G R I C O L E G R O U P P R E S E N T A T I O N 12 A GROWTH STORY SUPPORTED BY ITS ORGANIC DEVELOPMENT... Constantly renewed potential for organic growth, driven by customer acquisition, customer equipment and the development of offers 30%30% 28% 30% 27%27% 23% 20% 19% 14% 15%15% 7%6% 4% 2% Equipement rate Offer Historical data Latest available market share New Businesses 1. Market shares 2017 and 2024: household loan market share Regional Banks and LCL (sources: BdF and internal); payment (in number of transactions, sources: BdF and internal) 2. Market shares 2018 and 2024: French domicilied funds sold in France (all customer segments) - Europerformance 3. Market shares 2017 and 2023: insurance (L’Argus de l’assurance and France Assureurs) and property services 4. Annual average since 2022 (gross customer capture)
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2 0 2 4 C R É D I T A G R I C O L E G R O U P P R E S E N T A T I O N 13 ...ROUNDED OUT BY A SERIES OF SELF-FINANCED AND VALUE CREATING TRANSACTIONS Consolidation of business lines and strengthening expertise in France and in Europe Shift for Mobility on the European scale Extension of retail networks via partnerships Support for societal transitions Digitalisation and Innovation In six European countries Recent acquisitions Recent partnerships and stakes acquired / European activities of RBC Investor Services 2022-2024 Purchase of the minority interests of Santander
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2 0 2 4 C R É D I T A G R I C O L E G R O U P P R E S E N T A T I O N 14 A BALANCED AND DIVERSIFIED MODEL, RESILIENT TO CHANGES IN THE ECONOMIC ENVIRONMENT Steady increase of revenues since 2015 (in €m) Underlying revenues - From 2015 to 2022 under IFRS4; 2023 under IFRS17 16.7 17.5 18.8 19.7 20.3 20.8 22.7 23.7 24.6 27.2 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 +5.6% CAGR (1) Based on public data for the 12 Major European Banks (CAG, Barclays, BNPP, BPCE, Deutsche Bank, HSBC, ING, Santander, Société Générale, Standard Chartered, UBS and UniCredit) and CASA. Figures as of 31/12/24 for the others. -1,2% -0,2% 0,5% 1,1% 1,4% 2,2% 2,9% 2,8% 3,5% 3,6% 5,3% 5,6% 2,3% Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 CASA CAGR annual revenues 2015 - 2024 Revenues stated Average
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2 0 2 4 C R É D I T A G R I C O L E G R O U P P R E S E N T A T I O N 15 A BALANCED AND DIVERSIFIED MODEL, RESILIENT TO CHANGES IN THE ECONOMIC ENVIRONMENT Balanced and growing revenues in all business lines Solid footprint in Europe, growing stronger outside of France Underlying revenues 2024 Underlying revenues 2024 45% 18% 23% 7% 5% 2% By geographic area December 2024 France Asia Rest of Europe America Africa & Middle east Italy
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2 0 2 4 C R É D I T A G R I C O L E G R O U P P R E S E N T A T I O N 16 Corporates 44% Home loans 26% Consumer finance 14% Professionals 6% Leasing 6% Private Banking 3% Other 1% OPERATIONAL EFFICIENCY AND HIGH ASSET QUALITY Cost / income ratio compared to peers 2.3% Low non-performing loans ratio 74.1% High coverage ratio €9.6bn. Increase in loan loss reserves €558bn Crédit Agricole S.A. Low C/I ratio thanks to a decentralized model Diversified loan portfolio 34 bp CoR / outstandings Gross customer loans outstanding excl. credit institutions – Q4 2024 End of December 2024 figures
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2 0 2 4 C R É D I T A G R I C O L E G R O U P P R E S E N T A T I O N WORKING EVERY DAY IN THE INTEREST OF OUR CUSTOMERS AND SOCIETY SUPPORTING TRANSITIONS OVER THE LONG TERM ENABLING A NEW PROSPERITY MODEL THAT BRINGS PROGRESS FOR ONE AND ALL TO COPE WITH MAJOR SOCIETAL AND ENVIRONMENTAL CHALLENGES
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2 0 2 4 C R É D I T A G R I C O L E G R O U P P R E S E N T A T I O N 18 Installed renewable energy capacity (CAA) 14 GW 31/12/2024 2025 target 14 GW Electric or hybrid vehicle share 37% Among new vehicles financed in 2024 2025 target: 50% (CAPFM) Green loans (3) €21.7bn 31/12/2024 +75% 2024/2022 Low-carbon energy(1) financing €26.3bn 31/12/2024 +141% 2024/2020 Oil & gas -70% Financed emissions 2030 target -75% (4) Power -29% Intensity of financed emissions 2030 target -58% (4) Automotive -21% Intensity of financed emissions 2030 target -50% (4) As a universal bank, supporting energy transition for all: the equipment of all corporates and households 1 2 3 Investments in low- carbon energy(2) €6bn 31/12/2024 +166% 2024/2020 CONTINUED SUPPORT OF TRANSITION A transition plan based on three complementary and well-structured priorities: Accelerating the development of renewable and low-carbon energy by focusing our financings on renewable and low-carbon energy projects 1. Low-carbon energy outstandings made up of renewable energy produced by the clients of all Crédit Agricole Group entities, including nuclear energy outstandings for Crédit Agricole CIB. 2. Portfolios of CAA (listed securities, listed securities under mandate, and unlisted securities) and of Amundi Transition Energétique 3. Crédit Agricole CIB green asset portfolio, in line with the eligibility criteria of the Group Green Bond Framework published in November 2023. 4. Reference year: 2020 – Scope of Power sector: Crédit Agricole CIB and Unifergie (Crédit Agricole Transitions & Énergies). Structuring our exit trajectory from the financing of carbon-based energy
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2 0 2 4 C R É D I T A G R I C O L E G R O U P P R E S E N T A T I O N 19 NET ZERO TRAJECTORIES IN LINE AT END-2023 WITH 2030 TARGETS 1. Reference year 2020, except Aviation, reference year 2019; initial Oil & Gas commitment of -30% by 2030 announced in 2022. 2. Scope: Crédit Agricole CIB and Unifergie (Crédit Agricole Transitions & Energies). 3. For this small portfolio (<10 customers), the end of relationship with some relatively less carbon intensive customers led to an automatic increase in the intensity of the portfolio which does not reflect the reality of either the sector or our efforts. 4. Direct exposure to project financing of hydrocarbon extraction (gross exposure excl. export credit cover). Trajectories announced in 2022 New commitments made in 2023 Oil & Gas -63% Financed emissions 2030 target -75%(1) Power(2) -17% Intensity of financed emissions 2030 target -58%(1) Automotive -13% Intensity of financed emissions 2030 target -50%(1) Cement(3) +3% Intensity of financed emissions 2030 target -20%(1) Commercial real estate -5% Intensity of financed emissions 2030 target -40%(1) Steel -26% Intensity of financed emissions in 2030(1) Aviation -25% Intensity of financed emissions in 2030(1) Shipping -36% Intensity of financed emissions in 2030(1) $1.06bn Project finance exposure to hydrocarbon extraction 31/12/2023(4) End to financing of any new fossil fuel extraction projects Exposure to hydrocarbon extraction
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2 0 2 4 C R É D I T A G R I C O L E G R O U P P R E S E N T A T I O N 20 CRÉDIT AGRICOLE S.A. 20 10 AAA A- NON-FINANCIAL RATINGS Crédit Agricole S.A. Sustainalytics1Moody’s Analytics ISS ESG MSCI CDP Climat > 020.171 C+ AA B.F. Crédit Mutuel > 064 C <AA UniCredit > 012.565 C AA B Barclays plc > 021.762 C AA B BPCE S.A. > 061 C AA B Deutsche Bank > 024.854 B A- BNP Paribas > 020.773 C+ AA A UBS Group > 026.853 C AA A- Standard Chartered > 02550 C AA A- HSBC Holdings > 024.248 C <AA A- 1. ESG risk score on an inverted scale (100-0): the lower the score, the better the ESG risk Banco Santander > 065 AA A- ING Group > 054 <AA CC+ Société Générale > 018.9<AA B72 C+ 14.5 21.5 C+ 17.1 AA C+ C+ 21