Grupo Supervielle Sa Class B · BCBA:SUPV
Grupo Supervielle Sa Class B — UBS Global Emerging Markets One-on-One Conference 2018
40 slides from Grupo Supervielle Sa Class B's conference presentation, Nov 27, 2018
Slide 1: Grupo Supervielle UBS Global EM One-on-One Conference
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Slide 2: Disclaimer
COMPANY PRESENTATION j Disclaimer This presentation contains certain forward-looking statements that reflect the current views and/or expectations of Grupo Supervielle and its management with respect to its performance, business and future events. We use words such as “believe,” “anticipate,” “plan,
Slide 3: Supervielle
i“ SUPERVIELLE
Slide 4: Third quarter 2018 highlights
COMPANY PRESENTATION QV QQQe GRUPO a Third quarter 2018 highlights SUPERVIELLE Solid results despite challenging macro environment Attributable Comprehensive Income up 55.9% YoY and 84% QoQ to AR$874.5 million, taking into account increasing NPL coverage to 94%. ROAE of 22.4% in 3Q18, up from 20.7%
Slide 5: Macro dynamics in 3Q18
COMPANY PRESENTATION GRUPO - SUPERVIELLE I Macro dynamics in 3Q18 Further currency depreciation, although stabilizing following implementation of new Monetary Policy framework 9 +28% +42% ee , New Monetary Policy framework l (10)% OS my (AR$/US$) i] R ] Jun29 julé jull6 jul24 jul31 Aug7 Aug13 Aug 23
Slide 6: Macro dynamics in 3Q18
COMPANY PRESENTATION nuPo Macro dynamics in 3Q18 SUPERVIELLE Increasingly challenging macro dynamics. High monthly inflation following sharp currency depreciation. additional rate hikes and 1,300 bps increase in minimum reserve requirements | INFLATION [%] | Next 12M avg. inflation expectation [% ]
Slide 7: 14.1% 10.0% 9.5% 14.2% 28.4% 36.2% 19.6% (1.5)%
14.1% 10.0% 9.5% 14.2% 28.4% 36.2% 19.6% (1.5)% 7
Slide 8: 146,123 146,123 120,789 120,789 92,202 96,570 81,558 96,570 92,202 81,558 8
146,123 146,123 120,789 120,789 92,202 96,570 81,558 96,570 92,202 81,558 8
Slide 9: 83,378 75,830 66,480 60,693 53,154 ´
83,378 75,830 66,480 60,693 53,154 ´ 9
Slide 10: Supervielle loan performance
COMPANY PRESENTATION . GRUPO - Supervielle loan performance SUPERVIELLE | Higher share of corporate segment loans mainly reflect the FX hike at quarter end; sequential decrease in consumer finance loans following risk management initiatives | | TOTAL LOAN PORTFOLIO BREAKDOWN BY SEGMENT Loans & Leasi
Slide 11: Supervielle deposits
Supervielle deposits GRUPO a SUPERVIELLE Accelerated growth in deposit base, up 28% sequentially, while AR$ denominated deposits grew by 21% BBP Deposits cars Mill 106.0% Dec 17 Mar 18 Jun 18 GBB 002 Variation Sep 17 Sep 18 ™ Deposits [112.7%] 107.6%) [119.7%] fi00.26) [85.8%] Loans to total deposit
Slide 12: Funding & deposit base
GRUPO a j Funding & deposit base SUPERVIELLE Expanded sight wholesale deposits to fund investment in high-margin 7-days Central Bank securities BBP enone cars mii Bp ePosits BREAKDOWN SEPTEMBER 2018 81.4% ; O5% Special 2 Checking Other Time 24.0% | 140, 307 | Accounts Deposits 6.5% a, 13.1% | 115,47
Slide 13: Net Financial Income, NIM & NFM
COMPANY PRESENTATION Net Financial Income, NIM & NFM Net Financial Income (NII, NIFFI & Exchange rate differences) up 21% sequentially with NIM improving by 170 bps and NFM by 80 bps | AS Financial Income [AR$ Mill. ] | NIM 3,623.6 3; an. 0 3Q17 4Q17 1Q18 2Q18 3Q18 NII mNIFFI & Exchange rate differe
Slide 14: Service fee income & income from insurance activities
Service fee income & income from insurance activities GRUPO a SUPERVIELLE Net service fee income up 2.2% QoQ; pick-up in income from insurance activity BBP \c7 SERVICE FEE INCOME? CARS Mill. 3Q17 4Q17 1Q18 2Q18 3Q18 9M17_— 9M18 BBP \e7 SERVICE FEE INCOME RATIO[%1" 22 228 «993 243 a | 267 ~~ 226 > .
Slide 15: Credit Card Loans NPL and Delinquency
Credit Card Loans NPL Credit Card Loans Delinquency +90 Personal Loans NPL Personal Loans Delinquency +90 Retail Segment NPL Retail Segment Delinquency 15
Slide 16: Asset quality consumer finance
GRUPO a SUPERVIELLE ] Asset quality consumer finance NPL creation decreased sharply in 3Q18 and 3 month vintage data improved, reflecting that tighter credit scorings are turning in good results BBP «30 DAYS DELINQUENCY, 3 MONTH VINTAGE BBB CONSUMER FINANCE - NPL Creation [AR$ MIM.1 Jan 43% 4,0% 4.8
Slide 17: Efficiency
*Efficiency: Personnel, Administrative expenses and Depreciation & Amortization divided by the sum of Net interest income + Net income from financial instruments at fair value through profit or loss + Exchange rate differences on gold and foreign currency, net services fee income, income from insura
Slide 18: Profitability
GRUPO a Profitability SUPERVIELLE Net income up 56% YoY and 220% QoQ. Attributable comprehensive income up 56% YoY and 84% QoQ. ATTRIBUTABLE COMPREHENSIVE INCOME nexeeeed) soit etalhaye wey CAR$ Mill.] * Higher net financial income driven by investments in high margin Central Bank securities and loa
Slide 19: Capitalization
GRUPO a SUPERVIELLE Capitalization 2018 capital ratios impacted by high increase in RWA following FX hike BBD PITAL DEPLOYMENT [Tier | ratio %1 5 0.4 “0.3 -0.7 172 — — 58 13.1 Consolidated — Consolidated Consolidated pro Capital LoanGrowth Fx Impact on Consolidated pro proforma as proformaas formaas
Slide 20: Supervielle 2018 guidance
COMPANY PRESENTATION Supervielle 2018 guidance rent | Maintain 2018 guidance in challenging economic backdrop FY 8 EXPE TIO Guidance (1) 40 -50 % _—=) 18 - 20% | GDP -0.3% -24% | | Continuous Change in Macro Assumptions? Guidance Assumptions Metric Inflation 31.8% 475% Badlar Rate (eop) 29%3 46% AR$
Slide 21: Supervielle
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Slide 22: Why Supervielle
GRUPO a SUPERVIELLE Js WHY SUPERVIELLE > Argentina: towards Fiscal Sustainability Great > Financial Sector: POTENTIAL Growth Potential Intact going into the | J oupy FUTURE Operating Leverage Differentiated Strategy to Capture Growth Leadership in Relevant Products and Markets 22
Slide 23: The Argentine banking business has the potential for a growth cycle
COMPANY PRESENTATION The Argentine banking business has the potential for a growth cycle when the economy rebounds | Under-developed Banking & Insurance System S argentina 15 Loans to the Private Sector as a % of GDP (%) as of December 2017 except Brazil (as of Dec-16) Insurance Premiums Written?” L
Slide 24: Small industry size and low leverage levels with ample room for growth
GRUPO a SUPERVIELLE Small industry size and low leverage levels with ample room for growth | { ARGENTINA: Third largest economy of Latin America but small industry size brazil @Pmexico Sargentina @ Colombia GSrrile (@) Peru > Small financial 246.4 (mi) industry 01.4 31) Bea considering the u—" . siz
Slide 25: Ranking: Competition in the financial system
GRUPO a SUPERVIELLE Ranking Competition | Financial System in million of Ps as of June 2018 Argentine Financial fegentne Erne stem nema y “ Deposits Assets Share Deposits ) Share: Banco de la Nacién Argentina S.A. 335.013,1 5,9% 1.024.549,1 23,5% 859.038,2 26,9% Banco Santander Rio S.A. 218,039,9 10
Slide 26: Supervielle Seguros
SUPV Follow On Supervielle Seguros 26
Slide 27: Supervielle Strategy: One Client Vision
GRUPO a SUPERVIELLE J Supervielle Strategy: One Client Vision Corporate Consumer Banking Customers Finance Customers SUPERVIELLE Automatica sa. 1.4 Mill. 5K 412K ACTIVE CUSTOMERS Insurance SUPERVIELLE ELLE USER EXPERIENCE Asset Management SUPERVIELLE DIGITAL TRANSFORMATION AND EFFICIENCY Online Brok
Slide 28: Looking forward, Supervielle ranks high in KSF
| Looking forward, Supervielle ranks high in KSF GRUPO a SUPERVIELLE GROWTH customer DIVERSIFIED strategy base deposit base | Clear | | SIZEABLE | STRONG PRUDENT management to capital digital Avenues | ACCESS | transformation AGGRESSIVE | GROWTH Empowerment, FLEXIBILITY and FAST DECISIONS 28
Slide 29: Appendix
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Slide 30: Market Expectations / Consensus
COMPANY PRESENTATION By verket Expectations / Consensus GDP3 Inflation Badlar Rate (eop) Monetary policy Rate (eop) FX Ar$ (eop)3 Key economic variables Significant changes in market consensus along the year (Januar 3.0% 19.4% 21%? 21.75% 21.9 2018e Guly’s Survey) -0.3% 31.8% 29%? 35% 30 2018: (Octo
Slide 31: Lebac revenues and expenses
1,389,257 1,374,256 1,298,644 1,340,754 1,111,790 1,254,833 1,121,400 1,072,538 1,070,299 931,061 854,511 774,815 709,104 773,432 250,544 630,310 Lebac (Financial Entities) Lebac (Non Financial Entities) Leliq Revenues Expenses 31
Slide 32: Assets & liabilities repricing dynamics
COMPANY PRESENTATION Assets & liabilities repricing dynamics equee,e | While AR$ liabilities reprice in an average of 33 days, AR$ loans are fully repriced in an average term of around 244 days Avg. Repricing % of (days) AR$ Assets Liabilities Total Assets 198 Total Liabilities 33 AR$ Loans 244 53%
Slide 33: Supervielle loan portfolio
Supervielle loan portfolio | Highly atomized, diversified and collateralized loan book | BREAKDOWN BY ECONOMIC ACTIVITY Families 27d 17 3% individuals Commerce Mmm 8.3% Civil construction [x= 7.1% Servicies =m] 6.7% Manufactures fmm 5.7% Chemicals & Plastics go ov Manufactures 5.0% Oil,Gas & Mining
Slide 34: Capital: robust capitalization coupled with ample liquidity
COMPANY PRESENTATION Capital. Robust capitalization coupled with ample liquidity I levels and healthy balance sheet GRUPO a SUPERVIELLE BF 200m FOR CONTINUED BALANCE SHEET GROWTH BP 208usT CAPITALIZATION > 0-2.5% discretionary [8.9% | | 8.7% [13.99%] |19.6%] [13.8%] anticyclical buffer > +10.5% incl
Slide 35: Interest Rates & Securities Breakdown
COMPANY PRESENTATION GRUPO a SUPERVIELLE J Interest Rates & Securities Breakdown BBP in teREST RATES (961 2Q18 1Q18 Interest earned on Loans 33.8% 30.9% 29.7% 30.4% 30.4% 287 336 AR$ 44.2% 38.4% 36.0% 35.7% 36.1% 580 810 U$s | 6.1% 5.6% 47% 4.9% 4.9% 50 120 Yield on Investment Porfolio 57.1% 39.0% 2
Slide 36: Interest Earning Assets
Interest Earning Assets Investment Portfolio Government and Corporate Securities! Securities Issued by the Central Bank? Total Investment Portfolio Loans Loans to the Financial Sector Overdrafts Promissory Notes Mortgage loans Automobile and Other Secured Loans Retail Banking Personal Loans Consumer
Slide 37: Interest Bearing Liabilities
GRUPO a SUPERVIELLE Interest Bearing Liabilities 3Q18 2Q18 1018 Avg. Avg. Avg. Avg. Avg. Avg. Avg. Avg. Avg. Balance Rate Balance Rate _ Balance Rate Balance Rate Balance Rate Time Deposits 23,546.8 25.4% 18,203.6 20.0% 15,7527 181% 14,245.5 17.0% 14,223.3 15.7% AR$ Time Deposits 19,1010 31.0% 15,85
Slide 38: Fx Position & NFI from US$ Operations
COMPANY PRESENTATION GRUPO a SUPERVIELLE | Fx Position & NFI from US$ Operations BBP GLOBAL NET POSITION LARS Mill Sep 18 Aug 18 Jul 18 Jun 18 May 18 Apr 18 Mar 18 Feb 18 Assets Cash and due from banks 385,131 367,849 379,620 326,765 294,210 309,554 238,814 294,603 Secuities at fair value through pr
Slide 39: Ratios
Ratios Key Indicators - Quarterly Profitability ROAE ROAA Net Interest Margin Net Financial Margin Net Fee Income Ratio Cost / Assets Efficiency Ratio Liquidity & Capital Loans to Total Deposits’ Liquidity Coverage Ratio (LCR)? Total Equity / Total Assets Proforma Consolidated Capital / Risk weighte
Slide 40: Thank you!
GRUPO | a SUPERVIELLE Thank you!
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