LLOYDS BANKING GROUP António Horta-Osório | 9 September 2019 0 Our differentiated business model means we are well placed to deliver sustainable, superior performance, irrespective of the economic environment Market leading efficiency Greater investment capacity Enhancements to internal processes Improvement to customer experience Net cost reduction Sustainable and superior returns Delivering for customers Multi-brand, multichannel distribution model Data-driven personalised experiences Market leading effic ...

Financial Performance and Key Metrics - The company reported a statutory profit after tax of £2.2 billion, a return on tangible equity of 11.5%, and an underlying profit of £4.2 billion [6][54] - The net interest margin remained resilient at 290 basis points, with costs down 5% and an improved cost-to-income ratio of 45.9% [7][54] - The company generated £10 billion of gross lending to UK businesses in H1 2019, ahead of its £18 billion target for the year [29] Business Line Performance - The insurance and wealth segment saw new business premiums increase by 72% compared to the first half of 2017, contributing 38% of other income in H1 2019 [33][35] - Retail banking continued to perform well despite challenging market conditions, while commercial banking faced difficulties [8][54] - The company incurred a PPI charge of £550 million in Q2, impacting overall profitability [8][74] Market Data and Key Indicators - The UK economy showed resilience, with employment rising and real wages increasing, supporting consumption and GDP growth [11] - However, business confidence and investment intentions among UK corporates have deteriorated, leading to lower activity levels across sectors [11][12] - Global growth has softened, and the interest rate curves have flattened, creating a less supportive environment for retail and commercial banks [12] Company Strategy and Industry Competition - The company is focused on a strategic transformation while being responsive to short-term risks, maintaining a balanced approach [4][5] - Significant investments in technology and digitization are underway, with technology cash spend equating to 19% of the operating cost base [18][20] - The company aims to deepen customer relationships and enhance its competitive position through a multi-brand, multi-channel model [36][48] Management Commentary on Operating Environment and Future Outlook - Management acknowledged ongoing economic uncertainty but expressed confidence in the company's ability to support customers and deliver sustainable returns [5][31] - The company remains well-placed to achieve its long-term targets despite potential impacts from economic conditions [5][83] - The focus on efficiency and cost management is seen as a key competitive advantage in the current environment [63][118] Other Important Information - The company has committed to more than £3 billion of strategic investments over the course of its strategic plan [15] - The interim dividend was increased by 5% to 1.12 pence per share, reflecting the company's strong capital generation [3][80] Q&A Session Summary Question: Inquiry about net interest margin and credit spreads - Management discussed the structural hedge's importance and its contribution to earnings stability, noting that current market conditions would not significantly impact the capital position [86][91] - They acknowledged slight improvements in the mortgage market but maintained a cautious outlook on profitability [92][94] Question: Follow-up on mortgage book contraction - Management confirmed an accelerated contraction in the SVR book and provided details on gross lending volumes, indicating a pickup in Q2 [96][102] Question: Credit card strategy and impairment rates - Management stated that the strategy for credit cards remains focused on market share growth, with recent adjustments in product offerings [104][110] Question: Guidance on capital generation and RWA optimization - Management indicated ongoing RWA optimization efforts and expected further actions in the second half of the year to support capital generation [107][108]

| --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | --- | --- | |----------------------------------------------------|----------------------------------------------------| | Introduction | António Horta-Osório Group Chief Executive | | Maximising Group Capabilities – Insurance & Wealth | Antonio Lorenzo Group Director, Insurance & Wealth | | Financial Update | George Culmer Chief Financial Officer | | Q&A | | 1 | --- | --- | |---------------------- ...

Lloyds Banking Group PLC (NYSE:LYG) Q1 2019 Earnings Conference Call May 2, 2019 4:30 AM ET Company Participants George Culmer – Chief Financial Officer and Executive Director Conference Call Participants Raul Sinha – J.P. Morgan Joseph Dickerson – Jefferies Fahed Kunwar – Redburn Chris Manners – Barclays Andrew Coombs – Citi Jonathan Pierce – Numis Securities Limited Guy Stebbings – Exane BNP Edward Firth – KBW Robert Noble – RBC Martin Leitgeb – Goldman Sachs James Invine – Societe Generale Chris Cant – A ...

As filed with the Securities and Exchange Commission on 25 February 2019 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended 31 December 2018 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR o SHELL COMPANY REPORT PURSU ...