Grupo Supervielle Sa Class B · BCBA:SUPV
Grupo Supervielle Sa Class B — Q4 2023 Earnings Presentation
39 slides from Grupo Supervielle Sa Class B's earnings presentation, Mar 7, 2024
Slide 1: March 7, 2024
March 7, 2024 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: 2023 Highlights: Delivered strong profitability, healthy asset quality, and robust capitalization
2023 Highlights: Delivered strong profitability, healthy asset quality, cruro and robust capitalization to drive growth when macro improves *NIM at an unusually high 62% * Historic low NPL of 1.2% in 4Q23, further supported by * Reflects loan portfolio higher spreads mix-shift and stringent *FY23 NI
Slide 4: Digital Customers
Dec-2022 Dec-2023 4Q22 4Q23 Jan-2023 Dec-2023 Dec-2023 YoY Digital Customers Digital & Automatic # of Transfers Personal Loans [% Q2] # of QR Visits to Insurance Asset Management from 10% Code Branches sales January Payments 10X Through digital Dec 23 2023 Retail channels3 # of Utility Customers Amo
Slide 5: Entrepreneurs & SMEs
Entrepreneurs Factoring & SMEs Dec-2023 Penetration 2022 2023 Renewal Insurance rate in Commercial Policies 2023 unsecured Dec-2023 Cross-Sell Overdraft Dec-2023 2022 2023 Market share 4Q22 4Q23 • • 5
Slide 6: App Downloads and Monthly Active Customers
Dec-2022 Dec-2023 App Downloads Dec-2022 Dec-2023 Monthly Active Customers Dec-2022 Dec-2023 Accounts 2022 2023 Brokerage fees / Brokerage Transaction total SUPV fee income fees 2022 2023 • • • 6
Slide 7: • • • • • • +44.2% +101.1 +10.9% -17.0% -3.9% +15.8%
• • • • • • +44.2% +101.1 +10.9% -17.0% -3.9% +15.8% 7
Slide 8: Cost of funds and loan portfolio repricing
+18.0% +0.2% - 22.0% • Loan portfolio repricing following higher market rates • Cost of funds in 4Q23 benefit • Unusually high yield in Investment portfolio, even with from increase in a 30% decline in avg. volumes low-cost sight deposits • Lower liability volumes and higher weight of sight deposits
Slide 9: Solid performance at IOL and asset management drove fee income
Solid performance, particularly at IOL and asset management drove grupo Dr 11% increase in Fee Income in FY23; down 6% QoQ with 53% inflation 4Q 2023 EARNINGS Net Service Fee Income ex insurance [AR$ Mill.] Non financial services +16.0% +10.9% | 4.1% | Asset Management | 73% | Oth f .9Y 9 er bank fe
Slide 10: Revenues and P&A Expenses
Revenues 1 P&A Expenses 2 4Q23 4Q23 Q oQ +56.6% Q oQ +16.0% 12M23 12M23 +43.5% -4.6%
Slide 11: Capitalization grew to 21% Tier 1 and continues expanding
1 Capitalization grew to 21% Tier 1 and continues expanding into 1Q24 TIER KEY MESSAGE 13.0% Dec 22 16.9% Sep 23 4Q 2023 EARNINGS RWA growth below inflation in the quarter 11% 1.1% Es Dn Bank, Net Result RWA IUDU tax efficiency +130-bps IT Investments: -20-bps 1.1% Deductions Results of HoldCo. Trea
Slide 12: Looking Ahead: government committed to reach fiscal surplus and bold structural reforms
Looking Ahead: government committed to reach fiscal surplus and cruro bold structural reforms (Q) Inflation declining \ Ability to rapidly, following 100% \ advance with ACHIEVEMENTS Be icehetionin | structurale CHALLENGES TO-DATE AHEAD December f\@lem Sustained Va@ay social support Reserves improve
Slide 13: 2024 Perspectives
2024 Perspectives: anticipate a challenging 1H24, followed by gradually declining inflation and improving dynamics in 2H24 * Peso Loans anticipated to grow slightly above inflation. Recovery expected to begin in 2H24 Loans as inflation eases and interest rate regulations are lifted * Peso Deposits e
Slide 14: Thank You!
Thank You! IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
Slide 15: Back-up
Back-up IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
Slide 16: Contents
GRUPO a | 4Q23 business highlights SUPERVIELLE { sal) | Macroeconomic & Industry Outlook Couteutt OF Supplementary financial Information e SUPV Digital Transformation Agenda & KPIs Evolution
Slide 17: Contents
| 4Q23 business highlights gure, = @,® ay { aol ) Industry Performance 17
Slide 18: Financial Sector loans continue to grow below inflation
Financial Sector Loans continue to grow below inflation cruro Loans to Private Sector [AR$ Bill. in Nominal terms] +149.0% 1% e8 ( ) (+25.2%) (eae g 5,856 (417.5%) *25.2% INFLATION 4023 53.8% 7,517 8,834 11,059 13,848 18,720 YoY 211.4% 0] 2023 Q2 4023 IE Loans to Private Sector AR$ Loans [in AR$ Bn.
Slide 19: Financial Sector AR$ deposits also grew below inflation
Financial Sector AR$ Deposits also grew below inflation grupo | De SUPERVIELLE Private Sector Deposits [AR$ Bill. in Nominal terms] +171.2% eS | INFLATION 48.9%) (235%) (426.4%) EEE 4023 53.8% (416.74 YoY 3,936 13,908 (16.7%) 29.064 27,251 34,440 51,285 emma | QI9 Q22 Q2 2Q2. 3Q23 Q2 Total Deposits
Slide 20: Contents
| 4Q23 business highlights gure, Couteutt OF Supplementary financial Information 20
Slide 21: Assets up 4% QoQ, reflecting effective ALM strategy
With 53% inflation in 4Q23, Assets up 4% QoQ, reflecting cruro effective ALM strategy; average balance down 16% Assets Evolution [AR$ Mill.] -5.0% (10.4%) (+9.7%) (-73%) (+4.2% ) 2,171,869 1,946,957 2,135,484 1,980,014 ~—.2,063,117 57,2 Property, Plants & Equipments 2,171,869 1,946,957 2,135,484 1,9
Slide 22: Loan growth outperforms industry QoQ; shift to middle-market corporates
| Loan growth outperforms industry QoQ; Shift to middle-market crupo | De corporates and payroll customers & lower exposure to consumer 4Q 2023 EARNINGS Total Lending [AR$ Mill]? 2 r* “12. 20» Industry Loans [QoQ] 11% 808,399 -10.3% nea. 879,979 609,608 48.4% BES % 1 36.49 41.0% [AM eMMEE 42.5% ft r
Slide 23: Commercial Portfolio and Retail Portfolio
Commercial Retail Portfolio Portfolio 52,1% of total 47,9% of total 23
Slide 24: NPL sequential improvement
• NPL sequential improvement reflects: • Loan growth • the sale of delinquent retail loans, mainly open market and former consumer finance customers 24
Slide 25: Atomized and diversified loan portfolio in winning export industries
Atomized and diversified loan portfolio well-positioned in winning cruro export industries including agribusiness, oil, gas & mining Loans breakdown by industry Collateralization %) [Dec 23 -%] preonical . Sere ieee = Collateralized Commercial Loan en — — — ° 32% Portfolio amilies and individuals 1%
Slide 26: Effective ALM strategy drove 4% QoQ increase in Deposits
Effective ALM strategy drove 4% QoQ increase in Deposits grupo De with average balances down 23% Funding Evolution [AR$ Mill.]1) Breakdown 8% +10.2% -9.1% +4.5% 2,439,423 2,151,244 2,369,892 2,153,471 Wholesale Funding 1,705,010 1,475,018 1,665,586 1,485,436 1,548,928 Time Deposits Individuals and D
Slide 27: Nimble ALM capabilities boost NIM to unusually high level
Nimble ALM capabilities boost NIM to unusually high level amid FX devaluation, AR bonds performance, and higher low-cost deposits Net Financial Income [AR$ Mill.] GRUPO a SUPERVIELLE +130.0% +44.2% +64.9% 341,669 492,692 67.0 192,598 116,812 83,727 83,160 oni 54,753.41 Lame 16,517.7 20,5903 19,439.7
Slide 28: LLPs net up 33% QoQ
| 28 GRUPO a LLPs net up 33% QoQ, reflecting update of the forward-looking SUPERVIELLE model, to incorporate a more challenging macroeconomic context 4Q 2023 EARNINGS Evolution of Loan Loss Provisions [AR$ Mill. - %] | [ -5.6% } 4Q22 mmm Loan Loss Provis aS Net Cin AR$ million) (1) —O- Cost of risk
Slide 29: • • • • • • • +64.9% +71.0% -5.5% +33.0% +17.6% +26.8% +143.0%
• • • • • • • +64.9% +71.0% -5.5% +33.0% +17.6% +26.8% +143.0% 29
Slide 30: ROAE in real terms increased to 17% in FY23
ROAE in real terms increased to 17% in FY23 driven by strong NIM, lower crupo | De LLPs and sustained cost controls Profit Before Income Tax [AR$ Mill.] 86,645,2 51,363 2,465 22,464 |. 40,366.0 are 12936 14,537 13,663 18,628.9 23,327.6 1591 = -13,429 15,566 ~—-30,410 4,322.7 52,010 55,416 - “111,415
Slide 31: 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 4Q23 3Q23 2Q23 1Q23 4Q22 QoQ YoY FY23 FY22 Var Net Interest Income 137,845.2 99,7281 80,682.1 62,569.6 67,209.7 38.2% — 105.1%380,825.0 272,172.33 39.9% N
Slide 32: Key Indicators
| Key Indicators GRUPO a SUPERVIELLE 4Q23 3Q23 2Q23 1Q23 4Q22 FY23 FY22 ROAE 26.9% 18.5% 17.6% 2.0% -3.4% 16.7% 45% ROAA 5.3% 2.9% 27% 0.3% -0.5% 2.5% -0.6% TODS Net interest Margin (NIM) 62.2% 29.2% 26.6% 219% 21.6% 31.4% 19.8% peff Net Fee Income Ratio 26.8% 34.5% 28.7% 311% 244% 14.5% 18.0% Cost
Slide 33: Key Indicators
33 Key Indicators 4Q23 3Q23 2Q23 1Q23 4Q22 Retail Price Index (%) 53.3% 34.8% 23.8% 217% 17.3% Avg. Retail Price Index (%) 2.4% 138.3% 115.6% 104.3% 94.8% UVA (var) 37.2% 23.9% 25.0% 17.8% 19.8% Macro Pesos/US$ Exchange Rate 808.48 350.01 256.68 208.99 177,13 Badlar Interest Rate (eop) 109.6% 113.9%
Slide 34: Contents
| 4Q23 business highlights gure, e SUPV Digital Transformation Agenda & KPIs Evolution
Slide 35: Advancing on our six strategic pillars to drive ROE
35 GRUPO a Advancing on our six strategic pillars to drive ROE SUPERVIELLE 01 03 05 02 04 fe} aA 58 Fifil CUSTOMER U , DIGITAL Ws EXPERIENCE ADOPTION oO O CUSTOMER EFFICIENCY ASSET ACQUISITION QUALITY 7lT \~N — 4 PEOPLE + Agile at Scale * Cultural Transformation [s} ee 0? 02 7 DIGITAL TRANSFORMATION
Slide 36: Scaling digital retail customer acquisition and further digitizing our customer base
| Scaling digital retail customer acquisition and further digitizing gure, Me our customer base J >. SUPERVIELLE Digital Customers [% of total customers] f a X3.0 +8.5% | | : / 880 52.0% = 205 2019 2020 2021 2022 dec 23 1) Digital Customers are customers using Online Banking, or Mobile app or the Se
Slide 37: Enhancing attractive cross-selling and customer engagement
Enhancing attractive cross-selling and customer engagement aura. De y SUPERVIELLE Asset management retail customers & AuM [customers & ar$bn] WERE) [ INVERSION RAPIDA - APP) } 112,810 26% e500 95,423 ; ; 16% 18% 18% 24 j oO — 7: Dec Dec Mar Jun Sep Dec Jun Sept Dec 2021 2022 2C 2023 ‘AuM [AR$ Bn.] —
Slide 38: 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] 3,932 184 183 Dec-20 Dec21(1) Sep 22 Dec 22 Jul 23 Oct 2. Dec Dec Dec Dec Dec Mar Jun Sept Dec 2018 2019 2020 2021 2022 2023 Monetary trans
Slide 39: Thank You!
Thank You! IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina