Grupo Supervielle Sa Class B · BCBA:SUPV
Grupo Supervielle Sa Class B — Q3 2023 Earnings Presentation
40 slides from Grupo Supervielle Sa Class B's earnings presentation, Nov 28, 2023
Slide 1: November 28, 2023
November 28, 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: 3Q-23 performance and business highlights
• 3Q-23 • • • performance • • • 2023 • • • • • Business • • • Highlights • • • • in all segments
Slide 4: Operating in an increasingly challenging macro environment
GRUPO a Operating in an increasingly challenging macro environment OPER VIELE Decline in FX reserves further Reference rate hikes and official FX impacted by the drought in 2023 devaluation in August impacted inflation Flow from exports [US$ ] FX, Inflation, Interest rate 1. Me Uh ll lL Ih Ih L 515%
Slide 5: Looking ahead: President-Elect Javier Milei proposes eliminating the fiscal deficit
| Looking ahead: President-Elect Javier Milei proposes eliminating the aur D fiscal deficit and reducing state interventionism No room for Advance swiftly with Address Achieve financial Deregulate gradualism major structural reforms monetary front fiscal balance capital flows —_ f 505 01 a Open the
Slide 6: • • • • • • • • • • +16.3% +9.2% -21.5% -7.9%
• • • • • • • • • • +16.3% +9.2% -21.5% -7.9% -6.1% +35.5% -5.9% 6
Slide 7: Assets & AR$ Deposits declined QoQ reflecting effective ALM strategy
ott seta Assets [AR$ Mill]” Fans epost i | Deposits [Mill, %] With 35% inflation in 3Q23, Assets & AR$ Deposits declined 7% and = grupo 12% QoQ, respectively reflecting effective ALM strategy; average SUPERVIELLE balances up 3% and 4% respectively / 3Q 2023 EARNINGS \ ( } Industry AR$ | 73.7% } Depo
Slide 8: Total loan growth outperforms the industry sequentially
Total loan growth outperforms the industry sequentially, corporate crupo | De loans increased in the quarter, accounting for a larger share of the total loan portfolio 20 2023 EARNINGS Total Lending [AR$ Mill]? 2 r 7%) » Industry 100% 5 oe Loans [QoQ] 78% “ 525,819 -3.4% QoQ ns 17/552 y h 433,168 41
Slide 9: NPL sequential improvement
• NPL sequential improvement reflects: • Loan growth • the sale of delinquent retail loans, mainly open market and former consumer finance customers 9
Slide 10: 3Q23 NIM at a high 29.2%
| 3Q23 NIM ata high 29.2%, +260 bps QoQ and +720 bps YoY aur D supported by higher investment portfolio volumes 3Q 2023 EARNINGS Loan Portfolio & Investment Portfolio Yield NIM [%] 99.2% +29.8% Net Financial Margin & NIM Evolution AR$ Mill. - %] +16.7% Interest rates hikes : 80.7% 58,708 65,316 76,2
Slide 11: Net Fees up 14% QoQ and 30% YoY
Net Fees up 14% QoQ and 30% YoY driven by solid performance aur D across businesses, particularly IOL and asset management 3Q 2023 EARNINGS Net Service Fee Income” [AR$ Mill.] +30.1% +11.5% +14.0% 30,148.3 9,522.8 10,865.1 12,384.5 3Q22 2Q23 3Q23 Income From Insurance Activities [AR$ Mill.] -1.6% 0.
Slide 12: Revenues and Expenses
Revenues 1 EXPENSES 3Q23 3Q23 Q oQ +16.8% Q oQ -6.5% Yo Y +34.3% Yo Y -7.7% 9M23 9M23 +17.1% -7.2%
Slide 13: Strong capitalization with Tier 1 ratio up QoQ to 16.9%
| Strong capitalization with Tier 1 ratio up 120 bps QoQ to 16.9%; grupo De Capital hedged against inflation and covered against peso devaluation 3Q 2023 EARNINGS TIER1 35% inflation shad IT Investments: KEY MESSAGE Tithe quarter we “30 bps 1.3% 5.6% 0.4% LJ 6.8% 1.5% | srs 130% 15.7% Sep 22 Dec 22
Slide 14: Our perspectives: heightened macro & political uncertainty
Our perspectives: heightened macro & political uncertainty due to higher inflation and presidential elections * At higher-than-expected inflation levels, Peso Loans anticipated to grow below inflation in 2023 and 1H24. Recovery should start in 2H24 if a stabilization plan contributes to lower inflat
Slide 15: Thank You!
Thank You! IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
Slide 16: Back-up
Back-up IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
Slide 17: Contents
GRUPO a | 3Q23 business highlights SUPERVIELLE { sal) | Macroeconomic & Industry Outlook Couteutt OF Supplementary financial Information e SUPV Digital Transformation Agenda & KPIs Evolution
Slide 18: Contents
| 3Q23 business highlights gure, = @, © . ay { sal) | Macroeconomic & Industry Outlook 18
Slide 19: 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] | {+79.8% } | (a +112.7% T% (+28.6%) 383.6 e8 (sane) (+65% ) (EFS) eas 14.1% = * 243.4 2591 INFLATION 213.3 385 |_ om —O- o— 3023 34.8% oo 6510 (415.5%) 7,517 (+17.5%) | 8,834 (+25.2%)
Slide 20: Financial Sector Deposits also lag inflation
Financial Sector Deposits also lag inflation grupo | De SUPERVIELLE Private Sector Deposits [AR$ Bill. in Nominal terms] {+126.4%} | f % \ +125.8% eS 969.0 +39,8%) 805.9 fe) INFLATION 428.0 (+27.9%) 5475 (+53%] _5766 caw mo —_o- 3Q23 34.8% 366 15,255 (+23.9%) 18,908 [+16.7%) 22,064 (+23.5%) | 27,251
Slide 21: Contents
| 3Q23 business highlights gure, Couteutt OF Supplementary financial Information 21
Slide 22: Assets declined 7% QoQ, reflecting effective ALM strategy
With 35% inflation in 3Q23, Assets declined 7% QoQ, reflecting effective ALM strategy; average balance up 3% Assets Evolution [AR$ Mill.] -3.7% ( +5.6% } (10.4%) (+9.7% } (-73% J 1,341,083 1,416,847 1.270323 1,393, 3,291,688 3Q22 4Q22 1Q23 2223 3Q23 Minimum Cash Reserve Requirements On Deposits [Mil
Slide 23: Personal & Business Commercial / Retail
Personal & Business Commercial Personal & Business Retail 23
Slide 24: Deposits declined 12% QoQ, reflecting effective ALM strategy
With 35% inflation in 3Q23, Deposits declined 12% QoQ, cruro reflecting effective ALM strategy; average balances up 4% Funding Evolution AR$ Deposits Breakdown [AR$ Mill.]1) [%] +7.1% 11.8% 410.2% 1,486,380 1591,389 1,403,392 8, Wholesale Funding 1,019,882 THE 962,247 1,086,567 969,043 Time Deposits
Slide 25: 3Q23 NIM at a high 29.2%
GRUPO a 3Q23 NIM at a high 29.2%, +260 bps QoQ and +720 bps YoY supported by GRUPO te higher rates and higher investment portfolio volume Net Financial Income [AR$ Mill.] 429.8% +16.3% 168,272 195,770 76,204 58,708 eel B20 65,316 111449 10,8558 10,7756 13,4323 esl —a 133,710.0 158,511.0 47,8528 43,8
Slide 26: LLP net up 27% QoQ reflecting the forward-looking model update
GRUPO a | LLP net up 27% QoQ reflecting the forward-looking model update, S822viete to take into account a more challenging macroeconomic context 3Q 2023 EARNINGS Evolution of Loan Loss Provisions [AR$ Mill. - %] if of) (+24.5%] | {721.5%} | | ——[+26.5%) 49% 439 3% 45% 53% 47% 3Q22 ns Loan Loss Prov
Slide 27: Risk Management: Loan portfolio is atomized and diversified
Risk Management: Loan portfolio is atomized and diversified crupo | De Loans breakdown by industry Collateralization %] [Sep 23 -%] pea Nomipal P acre cere) = Collateralized Commercial Loan Se aiamineee a ame GT (30% torte ; 1% . . 15,941 Food & Beverages 79% 9.5% In 41% . coleteralized Now Performi
Slide 28: • • • • • • • • +16.7% +12.8% +26.5% -11.2% +0.8% +95.4%
• • • • • • • • +16.7% +12.8% +26.5% -11.2% +0.8% +95.4% +24.6% 28
Slide 29: Continued strategy execution drove 18.5% ROAE in 3Q23
Continued strategy execution drove in 18.5% ROAE in 3Q23 gure, Me Profit Before Income Tax [AR$ Mill.] 30,190.9 18,847 1,335 8,439 9,478 15,2181 60g 920_—— -7,305 2,820.0 F - 4 12,1528 10,093 -7,561 8,760 10,155 1,405.6 19,838 -28,590 -38,753 -9,888.6 SOE 3Q22 4Q22 1Q23 2Q23 3Q23 9M22 9M23 3Q22 4Q22
Slide 30: 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 3Q23 2Q23 1Q23 4Q22 3Q22 QoQ YoY Net Interest Income 65.058,9 52.634,0 40.818,1 43.845,2 47.852,8 23,6% 36,0% NIFFI & Exchange Rate Differences 1.144,9 12
Slide 31: Key Indicators
| Key Indicators GRUPO a SUPERVIELLE 3Q23 2Q23 1Q23 4Q22 3Q22 ROAE 18,5% 17,6% 2,0% -3,4% -2,7% -_.. ROAA 2,9% 27% 0,3% -0,5% -0,4% .,. Net Interest Margin (NIM) 29,2% 26.6% 219% 216% —-22,0% _ NetFeeIncomeRatio 34.0% 165% +~—19,4% +~=—'179% ~——*16,7% Cost / Assets 13,0% 14,4% 13,0% 151% 13,5% Effic
Slide 32: Key Indicators
Key Indicators 3Q23 2Q23 1Q23 4Q22 3Q22 Retail Price Index (%) 34,8% 23,8% 21,7% 17,3% 22,0% Avg. Retail Price Index (%) 138,3% 115,6% 104,3% 94,8% 83,0% M UVA (var) 23,9% 25,0% 178% 19,8% 19,9% ero Pesos/US$ExchangeRate 350,01 256,68 += 20899-7713. 147,32 Badlar Interest Rate (eop) 113,9% 92,3% 724
Slide 33: Contents
| 3Q23 business highlights gure, e SUPV Digital Transformation Agenda & KPIs Evolution 33
Slide 34: Advancing on Our Six Strategic Pillars to Drive ROE
34 GRUPO a SUPERVIELLE Advancing on Our Six Strategic Pillars to Drive ROE 01 03 05 02 04 ok os sos fille CUSTOMER U ¢ DIGITAL QWs EXPERIENCE ADOPTION CUSTOMER EFFICIENCY ASSET (2) O ACQUISITION QUALITY 7lT \~N — 4 PEOPLE + Agile at Scale * Cultural Transformation So 0? 02 4 DIGITAL TRANSFORMATION O
Slide 35: Scaling Digital Retail Customer Acquisition and Further Digitizing
| Scaling Digital Retail Customer Acquisition and Further Digitizing gure, Me Our Customer Base... J Y- \ SUPERVIELLE Digital Customers [% of total customers] Digital Customers [# thousands of digital customers] {x35 } | { x3.0 } | 880 0% me 262 ail 30.0% 38.0% — 2019 2020 2021 2022 sep 23 2020 2021
Slide 36: Driving attractive cross-selling and engagement opportunities
... driving attractive cross-selling and engagement opportunities aura. De y SUPERVIELLE Asset management retail customers & AuM [customers & ar$bn] . 50% yee [ INVERSION RAPIDA - APP } > 44% 5 95,423 ais 7 GED 64,500 Hib 10,592 250 16% 18% 18% a o. o oO =} 247 ° <) Dec Sep Dec Mar Jun Sep V Jun Sep
Slide 37: Entrepreneurs & SMEs Penetration
in all segments Dec-2022 9M-2023 Entrepreneurs & Insurance Policies Transactional Cross-sell SMEs Penetration Cross-Sell Penetration2) Mkt. Share Clients 37
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] | { -26% } 184 183 | 3,932 3,248 3,334 3,292 oe Dec Dec Dec Sept Dec Mar Jun Sept 2019 2020 2021 2022 2023 apa transactions breakdown by ch
Slide 39: 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] 378,034 67 204,094, 221,190 136,890 109,161 115
Slide 40: Thank You!
Thank You! IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina