Financial Data and Key Metrics Changes - The company reported pretax profits of $1.1 billion, down 82% year-on-year, with adjusted profits down 57% [10][32] - Expected credit losses (ECLs) were $3.8 billion, reflecting a significant increase from the first quarter, driven by updated economic guidance [10][35] - The capital ratio improved to 15%, indicating a strong capital position [12][48] Business Line Data and Key Metrics Changes - Wealth and Personal Banking revenues decreased by 12%, with Retail Banking revenues falling by $809 million due to lower interest rates [37] - Global Banking and Markets revenues increased by 24%, with Global Markets growing by 55% and fixed income franchises up 79% [9][38] - Commercial Banking revenues were down 14%, primarily due to lower margins and volumes in Trade Finance [37] Market Data and Key Metrics Changes - Asia businesses contributed $3.6 billion in reported pretax profit, demonstrating resilience amid challenges [9] - Asia lending increased by 1% and deposits rose by 7% over the last 12 months [14] - The company granted around $30 billion in debt relief to personal lending customers and over $52 billion to wholesale customers [16][17] Company Strategy and Development Direction - The company plans to accelerate its transformation in response to the pandemic, focusing on cost reductions and operational efficiency [6][22] - There is a commitment to reducing risk-weighted assets (RWAs) and reallocating capital towards the Asian franchise [53] - The company aims to enhance its wealth management business, particularly in Asia, with a focus on digital transformation [27][29] Management's Comments on Operating Environment and Future Outlook - The management acknowledged the unpredictable environment due to COVID-19 and geopolitical tensions, particularly between the U.S. and China [4][8] - There is cautious optimism regarding the recovery of customer activity and the potential for improved profitability in 2021 [62] - The company expects continued pressure on net interest income due to low interest rates, with a significant impact anticipated in 2021 [40][76] Other Important Information - The company has seen a substantial increase in digital engagement, with mobile app downloads up 157% and mobile payments up over 200% year-on-year [19] - The company maintained a strong balance sheet with $133 billion in deposit growth during the first half [21] Q&A Session Summary Question: What could be potential offsets to the tougher revenue outlook? - Management highlighted strong performance in the U.S. business and ongoing transformation efforts, including branch closures and cost reductions [58][60] Question: Should most of the credit migration occur this year? - Management indicated that credit migration is expected to peak this year, with a potential reversal in 2021 [65] Question: Can you provide more color on net interest income guidance? - Management confirmed no change in net interest income guidance, but cautioned about the impact of lower interest rates [72][74] Question: How do you expect U.S.-China tensions to impact profitability? - Management noted that the first half performance was primarily impacted by COVID-19, with no significant effects from geopolitical tensions [91][123] Question: How do you balance customer satisfaction with shareholder returns? - Management emphasized the importance of digital transformation and cost structure adjustments to improve returns while maintaining customer satisfaction [108][110]

HSBC Holdings plc 2Q20 Results Presentation to Investors and Analysts Noel Quinn Group Chief Executive Strategy 2Q20 results Appendix Highlights 1 Resilient Asia and strong Global Markets performance; 1H20 profits challenged in Europe, the US and the NRFB due to high ECL. Reported 2Q20 PBT of $1.1bn, down 82% vs. 2Q19; adjusted PBT of $2.6bn down 57% 2 2Q20 ECL of $3.8bn, primarily reflecting forward economic guidance updates, particularly in the UK 3 Good cost control and discipline, 2Q20 adjusted costs of ...

HSBC Holdings PLC (NYSE:HSBC) Q1 2020 Earnings Conference Call April 28, 2020 2:30 AM ET Company Participants Noel Quinn - Group CEO Ewen Stevenson - Group CFO Conference Call Participants Joseph Dickerson - Jefferies Fahed Kunwar - Redburn Thomas Rayner - Numis Securities Limited Martin Leitgeb - Goldman Sachs Group Guy Stebbings - Exane BNP Paribas Manus Costello - Autonomous Research Edward Firth - KBW Raul Sinha - JPMorgan Chase & Co. Amandeep Rakkar - Barclays Bank Operator This presentation and subseq ...

As filed with the Securities and Exchange Commission on February 19, 2020. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 Or þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 Or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Or SHELL COMPANY REPORT PURSUANT TO SECTION 13 ...

As filed with the Securities and Exchange Commission on February 20, 2019. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 Or þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 Or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Or SHELL COMPANY REPORT PURSUANT TO SECTION 13 ...