Banco Macro Sa Class B · BCBA:BMA

Banco Macro Sa Class B — Macro Bank — Q3 2024 Earnings Presentation

45 slides from Banco Macro Sa Class B's earnings presentation, Nov 27, 2024

  1. Slide 1: Form 6-K Macro Bank Inc.

    SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 November 27, 2024 Commission File Number: 001-32827 MACRO BANK INC. (Translation of registrant’s name into English) Avenida

  2. Slide 2: 3Q24 Earnings Release

    3Q24 Earnings Release NOVEMBRE 27™, 2024 Oi macro.com.ar

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  4. Slide 4: Index

    BANCO MACRO 3Q24 EARNINGS RELEASE Index 01 Summary 02 Disclaimer 03 Results 04 Financial Assets 05 Public Sector Assets 06 Funding 07 Liquid Assets 08 Solvency 09 Asset Quality 10 3Q24 Snapshot 11 Relevant and Recent Events 12 Regulatory Changes 13 CER Exposure and Foreign Currency Position 2

  5. Slide 5: Banco Macro Announces Results for the Third Quarter of 2024

    Banco Macro Announces Results for the Third Quarter of 2024 Buenos Aires, Argentina, November 27, 2024 — Banco Macro S.A. (NYSE: BMA; BYMA: BMA) (“Banco Macro” or “BMA” or the “Bank”) announced today its results for the third quarter ended September 30, 2024 (*3Q24"). All figures are in Argentine pe

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  7. Slide 7: BANCO MACRO 3Q24 EARNINGS RELEASE

    BANCO MACRO 3Q24 EARNINGS RELEASE

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  9. Slide 9: BANCO MACRO 3Q24 EARNINGS RELEASE

    BANCO MACRO 3Q24 EARNINGS RELEASE 5

  10. Slide 10: Summary

    BANCO MACRO 3Q24 EARNINGS RELEASE Summary .01 · THE BANK’S NET INCOME totaled Ps.91.3 billion in 3Q24. This result was 293% or Ps.68.1 billion higher than in 3Q23. In 3Q24, the accumulated annualized return on average equity (“ROAE”) and the accumulated annualized return on average assets (“ROAA”) w

  11. Slide 11: Disclaimer

    BANCO MACRO 3Q24 EARNINGS RELEASE Disclaimer .02 This press release includes forward-looking statements. We have based these forward-looking statements largely on our current beliefs, expectations and projections about future events and financial trends affecting our business. Many important factors

  12. Slide 12: 3Q24 Earnings Release Conference Call

    BANCO MACRO 3Q24 EARNINGS RELEASE 3Q24 Earnings Release Conference Call Monday, December 2, 2024 Time: 11:00 a.m. Eastern Time 01:00 p.m. Buenos Aires Time To participate, please dial: Argentina Toll Free: (011) 3984 5677 Participants Dial In (Toll Free): +1 (844) 450 3847 Participants International

  13. Slide 13: Results: Earnings per Share

    BANCO MACRO 3Q24 EARNINGS RELEASE Results .03 Earnings per outstanding share were Ps.142.1 in 3Q24, 293% higher than in 3Q23. EARNINGS PER SHARE MACRO Consolidated Change In MILLION $ (Measuring Unit Current at EOP) 3Q23 4Q23 1Q24 2Q24 3Q24 QoQ YoY Net income -Parent Company- (M $) 23,210 927,000 36

  14. Slide 14: Income Statement

    BANCO MACRO 3Q24 EARNINGS RELEASE INCOME STATEMENT MACRO Consolidated Change In MILLION $ (Measuring Unit Current at EOP) 3Q23 4Q23 1Q24 2Q24 3Q24 QoQ YoY Net Interest Income 348,220 370,287 222,710 213,035 569,131 167% 63% Net fee income 109,667 112,019 98,464 108,657 117,808 8% 7% Net Interest Inc

  15. Slide 15: Income from interest on loans and other financing

    Income from interest on loans and other financing totaled Ps.405.4 billion, 13% or Ps56.9 billion lower compared with the previous quarter mainly due to a 15.4 percentage points decrease in the average lending rate which was partially offset by a 20% increase in the average volume of private sector

  16. Slide 16: Repo and FX income

    BANCO MACRO 3Q24 EARNINGS RELEASE In 3Q24, income from Repos totaled Ps.18.6 billion, 66% or Ps.36 billion lower than the previous quarter and 84% or Ps.97.5 billion lower than a year ago. In 3Q24 FX income totaled Ps.16.3 billion, 43% or Ps.12.5 billion lower than the previous quarter and 98% or Ps

  17. Slide 17: Interest Income

    BANCO MACRO 3Q24 EARNINGS RELEASE INTEREST INCOME MACRO Consolidated Change In MILLION $ (Measuring Unit Current at EOP) 3Q23 4Q23 1Q24 2Q24 3Q24 QoQ YoY Interest on Cash and due from Banks 3,926 3,906 4,168 3,742 4,160 11% 6% Interest from government securities 639,298 215,569 125,002 175,800 429,3

  18. Slide 18: Net interest margin and peso assets and liabilities performance

    BANCO MACRO 3Q24 EARNINGS RELEASE In 3Q24, the Bank’s net interest margin (including FX) was 31.5%, higher than the 20% posted in 2Q24 and lower than the 60.6% posted in 3Q23. ASSETS & LIABILITIES PERFORMANCE (AR$) MACRO Consolidated In MILLION $ 3Q23 2Q24 3Q24 (Measuring Unit Current at EOP) AVERAG

  19. Slide 19: USD assets and liabilities performance

    BANCO MACRO 3Q24 EARNINGS RELEASE ASSETS & LIABILITIES PERFORMANCE USD MACRO Consolidated In MILLION $ 3Q23 2Q24 3Q24 (Measuring Unit Current at EOP) AVERAGE REAL INT NOMINAL AVERAGE REAL INT NOMINAL AVERAGE REAL INT NOMINAL Yields & rates in annualized nominal % BALANCE RATE INT RATE BALANCE RATE I

  20. Slide 20: Net Fee Income

    BANCO MACRO 3Q24 EARNINGS RELEASE NET FEE INCOME MACRO Consolidated Change In MILLION $ (Measuring Unit Current at EOP) 3Q23 4Q23 1Q24 2Q24 3Q24 QoQ YoY Fees charged on deposit accounts 43,861 44,116 38,481 46,484 46,504 0% 6% Credit card fees 24,451 26,338 22,660 21,005 24,838 18% 2% Corporate serv

  21. Slide 21: Other Operating Income

    BANCO MACRO 3Q24 EARNINGS RELEASE In the quarter, Other Operating Income totaled Ps.45 billion, 7% or Ps.3.3 billion lower than in 2Q24. Others decreased 49% or Ps.6.7 billion while income from initial recognition of financial assets and liabilities decreased 141% or Ps.2.8 billion. Other service re

  22. Slide 22: Personnel & Administrative Expenses

    BANCO MACRO 3Q24 EARNINGS RELEASE PERSONNEL& ADMINISTRATIVE EXPENSES MACRO Consolidated Change In MILLION $ (Measuring Unit Current at EOP) 3Q23 4Q23 1Q24 2Q24 3Q24 QoQ YoY Employee benefits 133,241 179,320 177,344 152,986 161,679 6% 21% Remunerations 92,189 119,318 121,516 104,648 112,982 8% 23% So

  23. Slide 23: Operating Result

    BANCO MACRO 3Q24 EARNINGS RELEASE In 2Q24, the result from the net monetary position totaled a Ps.283.9 billion loss, 45% or Ps.234.8 billion lower than the loss posted in 2Q24 and 57% or Ps.383.3 billion lower than the loss posted one year ago. This result is a consequence of lower inflation during

  24. Slide 24: Financial Assets: Loans and other financing

    BANCO MACRO 3Q24 EARNINGS RELEASE Financial Assets .04 Loans and other financing The volume of financing (including loans, financial trust and leasing portfolio) totaled Ps.4.55 triillion, increasing 17% or Ps.657.9 billion QoQ and 28% or Ps.988 billion YoY. In 3Q24 Private sector loans increased 18

  25. Slide 25: Public Sector Assets

    BANCO MACRO 3Q24 EARNINGS RELEASE Public Sector Assets .05 In 3Q24, the Bank’s public sector assets to total assets ratio was 27%, lower than the 42.8% registered in the previous quarter, and higher than the 25.1% posted in 3Q23. Other government securities decreased 32% or Ps.1.72 trillion (namely

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  27. Slide 27: Funding: Deposits

    BANCO MACRO 3Q24 EARNINGS RELEASE Funding .06 Deposits Banco Macro’s deposit base totaled Ps.8.1 trillion in 3Q24, increasing 7% or Ps.516 billion QoQ and 30% or Ps.1.87 trillion YoY, representing 76% of the Bank’s total liabilities. On a quarterly basis private sector deposits increased 6% or Ps.40

  28. Slide 28: Other sources of funds

    BANCO MACRO 3Q24 EARNINGS RELEASE Other sources of funds In 3Q24, the total amount of other sources of funds increased 1% or Ps.45.5 billion compared to 2Q24 mainly due to a 2% or Ps.61.8 billion increase in Shareholders’ equity generated by the positive net income registered during the period. Subo

  29. Slide 29: Liquid Assets

    BANCO MACRO 3Q24 EARNINGS RELEASE Liquid Assets .07 In 3Q24, the Bank’s liquid assets amounted to Ps.7.35 trillion, showing an 1% or Ps.67.3 billion decrease QoQ, and a 20% or Ps.1.23 trillion increase on a yearly basis.Other Government Securities decreased 32% or Ps.1.72 trillion, mainly CER Adjust

  30. Slide 30: Solvency

    BANCO MACRO 3Q24 EARNINGS RELEASE Solvency .08 Banco Macro continued showing high solvency levels in 3Q24 with an integrated capital (RPC) of Ps.3.4 trillion over a total capital requirement of Ps.833.8 billion. Banco Macro’s excess capital in 3Q24 was 303% or Ps.2.53 trillion. The Capital Adequacy

  31. Slide 31: Asset Quality

    BANCO MACRO 3Q24 EARNINGS RELEASE Asset Quality .09 In 3Q24, Banco Macro’s non-performing to total financing ratio (under Central Bank rules) reached a level of 1.15%, down from 1.23% in 2Q24 and improving from the 1.39% posted in 3Q23. Consumer portfolio non-performing loans improved 12 b.p. (down

  32. Slide 32: 3Q24 Snapshot

    BANCO MACRO 3Q24 EARNINGS RELEASE 3Q24 Snapshot .10 In AR$ Million. Figures of previous quarters have been restated to reflect the accumulated effect of the inflation adjustment for each period through September 30, 2024 26

  33. Slide 33: BANCO MACRO 3Q24 EARNINGS RELEASE

    BANCO MACRO 3Q24 EARNINGS RELEASE 27

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  35. Slide 35: Relevant and Recent Events

    BANCO MACRO 3Q24 EARNINGS RELEASE Relevant and Recent Events .11 · Interest Payment Series A Subordinated Notes On November 4th, 2024 the Bank paid semiannual interest on Series A subordinated notes in the amount of USD 13,286,000. · Principal and Interest Payment Series F Dollar denominated Notes O

  36. Slide 36: Regulatory Changes

    BANCO MACRO 3Q24 EARNINGS RELEASE Regulatory Changes .12 · Monetary Policy Rate · On November 1, 2024: The Central Bank of Argentina decided to cut the monetary policy rate by 5 percentage points. New monetary policy rate was set at 35% APR (from 40%) and the Repo Rate 40% (from 45%) 30

  37. Slide 37: CER Exposure and Foreign Currency Position

    BANCO MACRO 3Q24 EARNINGS RELEASE CER Exposure and Foreign Currency Position .13 CER EXPOSURE MACRO Consolidated Change In MILLION $ (Measuring Unit Current at EOP) 3Q23 4Q23 1Q24 2Q24 3Q24 QoQ YoY CER adjustable ASSETS Government Securities 183,395 495,127 5,939,205 5,151,183 2,938,542 -43% 1502% L

  38. Slide 38: Net FX Position

    EOP FX (Pesos per USD) 350.0083 808.4833 857.4167 911.7500 970.9167 6% 177% NET FX POSITION (USD) 7,424 4,328 164 166 118 -29% -98% 31

  39. Slide 39: Quarterly Balance Sheet

    BANCO MACRO 3Q24 EARNINGS RELEASE QUARTERLY BALANCE SHEET MACRO Consolidated Change In MILLION $ (Measuring Unit Current at EOP) 3Q23 4Q23 1Q24 2Q24 3Q24 QoQ YoY ASSETS Cash and deposits in Banks 1,382,868 2,425,231 1,528,220 1,831,583 3,468,228 89% 151% Cash 331,825 800,997 452,300 269,750 1,167,67

  40. Slide 40: Shareholders' Equity

    Other accumulated comprehensive income 498 81,168 61,616 7,843 -21,275 -371% - Net income for the period / fiscal year 257,322 1,183,893 366,170 104,107 194,980 87% -24% Shareholders' Equity attributable to parent company 3,113,404 4,120,645 4,467,263 3,580,163 3,641,918 2% 17% Shareholders' Equity

  41. Slide 41: Income Statement

    BANCO MACRO 3Q24 EARNINGS RELEASE INCOME STATEMENT MACRO Consolidated Change In MILLION $ (Measuring Unit Current at EOP) 3Q23 4Q23 1Q24 2Q24 3Q24 QoQ YoY Interest Income 1,326,007 1,155,648 950,277 697,123 857,561 23% -35% Interest Expense 977,787 785,361 727,567 484,088 288,430 -40% -71% Net Inter

  42. Slide 42: Quarterly Annualized Ratios

    BANCO MACRO 3Q24 EARNINGS RELEASE QUARTERLY ANNUALIZED RATIOS MACRO Consolidated 3Q23 4Q23 1Q24 2Q24 3Q24 Profitability & performance Net interest margin 60.6% 34.2% 26.2% 20.0% 31.5% Net interest margin adjusted (exc. FX) 19.5% 17.1% 17.7% 17.6% 30.7% Net fee income ratio 5.5% 0.7% 1.5% 18.4% 11.4%

  43. Slide 43: 3Q24 Earnings Release

    fa Macro 3Q24 Earnings Release macro.com.ar

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  45. Slide 45: Signature

    SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized. Date: November 27, 2024 MACRO BANK INC. By: /s/ Jorge Francisco Scarinci Name: Jorge Francisco Scarinci Ti

Macro Bank — Q3 2024 Earnings Presentation on 6ix