HSBC Holdings plc 4Q20 Results Opening up a world of opportunity
Presentation to Investors and Analysts
Agenda | |
Results | |
FY20 highlights and achievements | Noel Quinn |
FY20 and 4Q20 results | Ewen Stevenson |
Opening up a world of opportunity | |
Our Strategy | Noel Quinn |
Driving growth in Asia | Peter Wong |
Pivot to Wealth | Nuno Matos |
Digital Business Services | John Hinshaw |
Financial snapshot | Ewen Stevenson |
Conclusion | Noel Quinn |
Noel Quinn
Group Chief Executive
Results
FY20 highlights
FY20 & 4Q20 results
FY20: A strong base to deliver future growth
Continued support for customers and communities through Covid-19 restrictions
1
>$52bn of wholesale lending support through government schemes and moratoria, with >$26bn of additional relief granted to personal customers1
Profits down, strong balance sheet
2
FY20 reported PBT of $8.8bn, down $4.6bn (34%) vs. FY19; adjusted PBT of $12.1bn down $10.0bn (45%), driven by higher ECL charges and lower revenue
Strong funding, liquidity and capital; CET1 ratio2 of 15.9%
3
DPS of $0.15, to be paid in cash, with no scrip alternative, and policy designed to provide sustainable dividends going forward; transitioning towards a payout ratio of 40-55%3 from 2022
A reconciliation of reported results to adjusted results can be found on slide 55, the remainder of the presentation unless otherwise stated, is presented on an adjusted basis
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HSBC Holdings plc published this content on 23 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2021 04:15:03 UTC.