Grupo Supervielle Sa Class B · BCBA:SUPV
Grupo Supervielle Sa Class B — Latin Securities Argentina Day in London 2023
53 slides from Grupo Supervielle Sa Class B's conference presentation, September 2023
Slide 1: September 2023
September 2023 IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
Slide 2: IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
´ IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina 2
Slide 3: Contents
Contents IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina 3
Slide 4: IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina 4
Slide 5: Financial services
Financial services • • Household name and the oldest private franchise in the country. • The eighth largest Argentine private bank in terms of loans • • Grupo Supervielle listed in NYSE and BYMA since 2016 • Placing the customer at the center of all we do • Advancing on the implementation of a deep
Slide 6: A clear path to profitability supported by structural drivers
A clear path to profitability supported by structural drivers; cruro expect to return to profitability by the close of 2Q23 VALUE CREATION > PATH TO PROFITABILITY SUPPORTED BY DIGITAL TRANSFORMATION ACCELERATED SINCE 2020 Productivity & Marginal Cost Driving Revenue Growth Rightsizing Headcount and
Slide 7: IUDU
ludu Operating efficiency from transferring IUDU’s loan portfolio and customers to the Bank. +90% headcount reduction ARS 3.7 BN Anticipated Savings in 2023 Stated in AR$ as of December 2022 Lal SUPERVIELLE
Slide 8: Our perspectives: heightened macro and political uncertainty
Our perspectives: heightened macro & political uncertainty due to smuro, higher inflation and presidential elections PERSPECTIVES * At higher-than-expected inflation levels, Fee * Bulk of bank fees to individuals expected to reprice in line with inflation o o Loans Peso Loans anticipated to grow bel
Slide 9: Connected
Connected SUPERVIELLE AGENTE DE NEGOCIACIÓN • • • • 9
Slide 10: Agente de Valores Holding
Agente Holding de Valores S.A. 10
Slide 11: 2Q23 Results
GRUPO a SUPERVIELLE 2Q23 Results SUPV Earnings conference call presentation August 24, 2023 1
Slide 12: 2Q-23 performance and 2023 priorities
2Q-23 • • • • performance • • • 2023 Priorities • • • • • • • • 12 •
Slide 13: • • • • • • • • • +9.1% +2.4% -34.6% -8.7% -4.1%
• • • • • • • • • +9.1% +2.4% -34.6% -8.7% -4.1% +2.3% -5.8% 13
Slide 14: Assets and deposits
ott seta Assets [AR$ Mill]” Fans epost i | Deposits [Mill, %] Effective ALM supported higher spread of short-term central bank gauro Pm securities portfolio leveraging 16% peso deposit expansion / 2Q 2023 EARNINGS \ ( } f 1) Industry AR$. (711.4% } | (711.9% } Deposits: +0.5% QoQ + {+9.7%}— 415.6% “
Slide 15: Loan book performance reflects a prudent approach
Loan book performance reflects a prudent approach and soft BHC, re demand in the current environment 2Q 2023 EARNINGS Total Lending [AR$ Mill]” ” -24.7% 100% 100% 5.3% Industry 2,4% Loans: 442,293 +1.2% QoQ 351,880 333,138 -12.8% YoY, (34.945 | r T T 1 2Q22 1Q23 2Q22 1Q23 2Q23 = Loan portfolio ™ Off
Slide 16: NPL
• NPL reflects: • the sale of a delinquent loan portfolio of the consumer segment, and • the upgrade of a corporate customer to Stage 2 16
Slide 17: 2Q23 NIM at 26.6%
| 2Q23 NIM at 26.6%, +470 bps QoQ and +780 bps YoY on the aur D back of higher spread on increased investment portfolio volumes 2Q 2023 EARNINGS Loan Portfolio & Investment Portfolio Yield 85,2% | Net Financial Margin & NIM Evolution AR$ Mill. - %] +19.4% +20.4% Interest rates hikes 40,559 40,239 48
Slide 18: Revenues and expenses
Revenues 1 EXPENSES Q oQ Q oQ Yo Y Yo Y 18
Slide 19: Capitalization: Tier 1 ratio increased to 15.7%
Capitalization: Tier 1 ratio increased 100 bps QoQ to 15.7%; Capital hedged against inflation and covered against peso devaluation KEY MESSAGE TIER 13,6% Jun 22 13,0% Dec 22 24% inflation in the quarter 14,7% Mar 23 Inflation Adjustment 2Q 2023 EARNINGS Bank, Net Result 18% increase in RWA RWA IT In
Slide 20: ESG Commitment & Goals
GRUPO a SUPERVIELLE ESG Commitment & Goals
Slide 21: ESG Strategy & Sustainable Growth
ESG Strategy & Sustainable Growth GRUPO a SUPERVIELLE OUR COMMITMENTS OUR FOCUS AREAS Z@ Sustainable growth—protection of the environment and pursuance of our business strategy in a socially responsible manner Z Good governance practices, diversity and inclusion are key factors Z Integration of ESG
Slide 22: Transparency and disclosure standards of the sustainability strategy
o o o o o o o o o o o o o o o o TRANSPARENCY AND DISCLOSURE STANDARDS OF THE SUSTAINABILITY STRATEGY Sustainability Report based on GC level in the BYMA Corporate Sustainability Index—for the fifth Disclosed our ESG Commitments international standards (GRI and Governance Panel--first admitted consec
Slide 23: ESG Goals 2024
ESG Goals 2024 ENVIRONMENT CARBON EMISSIONS AND COMPENSATION Goal: -6% REDUCTION AND 50% OFFSET 25% -4% — -6% | 2022 2023 2024 ENVIRONMENTAL & SOCIAL RISK POLICY Goal: 45% OF TOTAL PORTFOLIO 35% 40% 45% 2022 2023 2024 Rote SOCIAL % OF WOMEN IN SENIOR EXECUTIVE POSITIONS Goal: 33% 29% 31% 33% 2022 20
Slide 24: Macroeconomic & Industry Outlook
GRUPO a SUPERVIELLE Macroeconomic & Industry Outlook 24
Slide 25: Navigating a volatile macro environment
GRUPO a Navigating a volatile macro environment SRO ELLE Drop in FX reserves further Reference rate hike and official FX impacted by the drought in 2023 devaluation with pass-through to prices Flow from ‘hil US$] FX, Inflation, Interest rate hil I | Monthly inflation ——Badlar interest rate =—=Fx dep
Slide 26: Fiscal balance restrain
2023 Fiscal Structural balance Higher Reforms restrain inflation pressure Better 2024 export IMF: conditions Additional Fiscal driven by: disbursement adjustment improved Interest & discipline harvest rate hikes season; energy balance Fx Integral currency macroeconomic depreciation plan 26
Slide 27: Inflation
INFLATION 2Q23 Jul-23 Aug-23 YoY YoY YoY 27
Slide 28: Inflation
INFLATION 2Q23 Jul-23 Aug-23 YoY YoY YoY 28
Slide 29: Annex I: 2Q23 Supplementary financial information & ratios
GRUPO a SUPERVIELLE Annex I: 2Q23 Supplementary TIX | financial Information & ratios
Slide 30: Supervielle Assets Performance
Supervielle Assets Performance Assets Evolution [AR$ Mill.] -11.4% (14.7%) (+5.6%) (10.4%) (+9.7% } 1166.232 994.710 1.050.906 942.077 1.033.300 2022 3Q22 4Q22 1923 2023 Minimum Cash Reserve Requirements On Deposits [Mill, in Original Currency]? 2022, 3022, 4Q22,— 1023 2023 Cash 15,7605 18,6357 16,0
Slide 31: Personal & Business, Commercial and Retail
Personal & Business Commercial Personal & Business Retail 31
Slide 32: Supervielle Deposits
Supervielle Deposits sure ee AR$ Deposits Breakdown [%] Funding Evolution [AR$ Mill.]1) 15 46.4% 10.6% +10.3% 1,111,859 350 1,001,359 987,278 139.89 5037 36.460 41.552 7a , Wholesale Fundin; 917.130 FREER 825.006 TERD 805.930 ® Time Deposits Individuals and OfeRe Deposits ™ Other Fis & Subordinated
Slide 33: Consistent strategy execution drives swing in profitability
Consistent strategy execution drives swing in profitability crupo | De Profit Before Income Tax [AR$ Mill.] 11.105,6 9.014,0 6.259 6.950 -4.428 1.042,5 aus “47004 OCs 13.719 14.030 77.3346 2022 3Q22 4Q22 1923 2023 1H22 1H23 ove, sips lok, toys sey) Wiezs pie Result from net monetary position ——Attri
Slide 34: • • • • • • • +20.4% -1.2% -24.8% +12.6% +0.6% +15.9% +20.2%
• • • • • • • +20.4% -1.2% -24.8% +12.6% +0.6% +15.9% +20.2% 34
Slide 35: Net Financial Income & NIM
GRUPO a SUPERVIELLE Net Financial Income [NFI] & NIM Net Financial Income [AR$ Mill.] +19.4% +9.1% 48,446 40,559 SEE “N55 40,239 9.4063 7.751,7 8.051,9 7.9925 9.963,1 — — zz — a 63.682,1 69.3154 32.806,9 35.493,4 32.520,9 30.275,7 39.039,8 2Q22 3Q22 4Q22 1Q23 2Q23 1H22 1H23 NILC1) MI NIFFI & Exchang
Slide 36: Service Fee Income & Income from Insurance Activities
Service Fee Income & Income from Insurance Activities Net Service Fee Income (exc. Insurance) [AR$ Mill.] +7.9% +4.9% Other Non financial services TAN 7.0633 71959 7.679,6 8.058,9 Asset Management 1OL 2Q22 3Q22 Q22 Q23 2Q23 Income From Insurance Activities Credit Cards [AR$ Mill.] -13.7% -24.6% Depo
Slide 37: Shift away from consumer finance drives 25% decline in LLPs
| Shift away from consumer finance and growth in middle-market, gure, Me along with drop in earlier delinquency drive 25% decline in LLPs 2Q 2023 EARNINGS Evolution of Loan Loss Provisions [AR$ Mill. - %] {-51.6% } | (-34.6%} | ——1-24.8%|—— 5a 4,8% 4.3% 47% a 2022s Loan Loss Proving Net Cin ARS mill
Slide 38: Banco Supervielle Loans - Risk Management
Banco Supervielle Loans - Risk Management Loans breakdown by industry CC Collateralization Lune 23 -%] GRUPO a SUPERVIELLE AR$ Nominal 1Q23 2Q23 Change QoQ Business Sector Share Share 11,755 Families and individuals 45.8% 42.3% 6,476 Food & Beverages 71% 79% 4133 Agribusiness 6.4% 6.6% 1,447 Utiliti
Slide 39: Income Statement & Balance Sheet
Lal Income Statement & Balance Sheet aura. De In millions of Ps. stated in terms of the measuring unit current at the end of the reporting period 2Q23 1Q23 4Q22 3Q22 2Q22 QoQ YoY Net Interest Income 39.039,8 30.275,7 32.520,9 35.4934 32.806,9 28,9% 19,0% NIFFI & Exchange Rate Differences 9.406,3 9.9
Slide 40: Key Indicators
| Key Indicators GRUPO a SUPERVIELLE 2Q23 1Q23 4Q22 3Q22 2Q22 ROAE 17,6% 2,0% -3,4% -2,7% -10,2% -_.. ROAA 27% 0,3% -0,5% -0,4% 14% .,. Net Interest Margin (NIM) 26,6% 219% 216% —-22,0% 18,8% _ Net FeeIncomeRatio 165% -19,4% +~=—»«-17,9% += 16,7% ~—=18,6% Cost / Assets 14,4% 13,0% 151% 13,5% 13,0% E
Slide 41: Key Indicators
41 Key Indicators 2Q23 1Q23 4Q22 3Q22 2Q22 Retail Price Index (%) 23,8% 217% 17,3% 22,0% 17,3% Avg. Retail Price Index (%) 115,6% 104,3% 94,8% 83,0% 64,0% UVA (var) 25,0% 17,8% 19,8% 19,9% 18,5% Pesos/US$ Exchange Rate 256,68 208,99 177,13 147,32 125,22 Badlar Interest Rate (eop) 92,3% 724% 69,4% 69
Slide 42: Annex II: SUPV Digital Transformation Agenda & KPIs Evolution
TTX GRUPO a SUPERVIELLE Annex ||: SUPV Digital Transformation Agenda & KPls Evolution
Slide 43: Advancing on Our Six Strategic Pillars to Drive ROE
GRUPO a SUPERVIELLE Advancing on Our Six Strategic Pillars to Drive ROE 01 03 05 02 04 ok os sos fille CUSTOMER U ¢ DIGITAL QWs EXPERIENCE ADOPTION CUSTOMER EFFICIENCY ASSET (2) O ACQUISITION QUALITY 7lT \~N — 4 PEOPLE + Agile at Scale * Cultural Transformation So 0? 02 4 DIGITAL TRANSFORMATION OF I
Slide 44: Scaling Digital Retail Customer Acquisition and Further Digitizing
| Scaling Digital Retail Customer Acquisition and Further Digitizing gure, Me Our Customer Base... J Y- N SUPERVIELLE Digital Customers Digital Customers [# thousands of digital customers] [% of total customers] f {x34 } | { x3.0 } | 880 04 =z = — 2019 2020 2021 2022 jun 23, 2020 2021 2022 jun 23 1)
Slide 45: Driving attractive cross-selling and engagement opportunities
... driving attractive cross-selling and engagement opportunities aura. De y SUPERVIELLE Asset management retail customers & AuM [customers & ar$bn] : r [INVERSION RAPIDA- APP ) }) 64.500 ee AG 5,8 20.059 3,6 7 2A 3,2 10592 12511 7.852 9.127 10.133 _ oO —o— O— oO Dec Mar Jun Sep Dec Mar Jun Dec Marc
Slide 46: Entrepreneurs & SMEs Penetration
in all segments Dec-2022 1H-2023 Entrepreneurs & Insurance Policies Transactional Cross-sell SMEs Penetration Cross-Sell Penetration2) Mkt. Share Clients 46
Slide 47: Network Right-Sizing and Accelerated Efficiencies
Network Right-Sizing and Accelerated Efficiencies gure, Me > SUPERVIELLE Right-sizing branches while Headcount evolution enhancing CX [# branches] [# employees] -23% 3.932 184 183 y 165 165 : ; } 3.292 141 ane 3.338 3.320 Dec-20 Dec 21 (1) Sep 22 Dec 22 Jul 23 Dec Dec Sept Dec Jun Sept Dec — Jun 1)
Slide 48: Digital transformation of our business across subsidiaries
| Digital transformation of our business across subsidiaries gure, Me IOL InvertirOnline: advancing on strategy to scale the business and further enhance the customer experience © invertironline Total Active Customers Assets Under Management [#] [AR$ MM] 223.841 221.190 97141 136.890 124,680 134.883
Slide 49: Annex III: Supplementary Industry Information
GRUPO a SUPERVIELLE Annex III Supplementary Industry Information
Slide 50: Official FX rate, inflation and interest rates
Official Fx rate • • Dec-2018 Aug-2023 • In 2022 Accumulated 1 3 5 Doubling 2021 • levels Dec-2018/22 [Avg. Inflation Blue chip swap rate 57%] Aug-2023 [120% Gap] • expected inflation in 2023* 2 4 6 • • • 2018-2022 Avg. YoY Inflation • Dec-2018 Dect-2022 • Avg. Badlar • 2018-2022 Interest Rate Dec-2
Slide 51: Regulatory Environment in Argentina
51 Regulatory Environment in Argentina GRUPO a SUPERVIELLE The following table provides a summary of the most relevant regulations currently in place. A more detailed description of regulations is also included hereunder, grouped by topic, to facilitate understanding. Regulati Descripti Limit Moneta
Slide 52: Regulatory Environment in Argentina [cont.]
Regulatory Environment in Argentina [cont.] sure ee The following table provides a summary of the most relevant regulations currently in place. A more detailed description of regulations is also included hereunder, grouped by topic, to facilitate understanding. Regulat escription Limit On March 9, 2
Slide 53: Thank You!
Thank You! IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
Grupo Supervielle — Latin Securities Argentina Day in London 2023 on 6ix