Addiko Bank Ag · VIE:ADKO
Addiko Bank — Q3 2025 Earnings Presentation
48 slides from Addiko Bank's earnings presentation, Nov 6, 2025
Slide 1: 3Q25 Results Presentation
3Q25 Results Presentation Herbert Juranek (CEO) Edgar Flaggl (CFO) Tadej Krašovec (CRO) Ganesh Krishnamoorthi (CMO & CIO) Sara Zezelic (Investor Relations) 6 November 2025
Slide 2: Executive Summary & Business Update
Executive Summary & Business Update Financials & Risk Update Outlook & Wrap-Up Additional Materials
Slide 3: Key Highlights 3Q25 (1/3)
Key Highlights 3Q25 (1/3) • YTD 3Q25 net profit at €35.3m (-6.4% vs 3Q24’s €37.7m), 3Q25 at €11.3m (2Q25: €9.5m) • Return on average Tangible Equity at 5.6% (3Q24: 6.4%), earnings per share €1.83 • Operating result in 3Q25 (QTD) on record level at €31.2m and YTD at €82.9m Earnings (3Q24: YTD €83.5m)
Slide 4: Key Highlights 3Q25 (2/3)
Key Highlights 3Q25 (2/3) • In the first half of 2025 operational foundations were established Expansion • Addiko launched a digital lending platform in the Romanian market to Romania • In 3Q25 marketing activities were intensified • We aim to maintain our brand-building efforts through year-end • A
Slide 5: Key Highlights 3Q25 (3/3) Local Regulation Impacting Banking Profitability
Key Highlights 3Q25 (3/3) Local Regulation Impacting Banking Profitability As of 1 July 2025: The Croatian National Bank introduced macroprudential measures restricting consumer lending with DTI on non-housing loans to 40%, with a limit on the maturity of loans to 10 years and a 10% quota for loan a
Slide 6: Portfolio Development
Portfolio Development Focus portfolio development Gross performing loans (€m) • Total book (gross performing loans) up 3% Total Book 3,486 3,534 3,506 3,612 since YE24 (up 2% YoY) YoY • +5% YoY growth in focus book +3% +5% • New business generation up 14% YoY 3,294 − Consumer up 17% YoY SME 3,14
Slide 7: Progress in Business with Consumer & SME Customers in CSEE
Progress in Business with Consumer & SME Customers in CSEE Business Update Improving dynamics YoY €m, YTD • Solid new business delivered (+17% YoY) with YoY 1,318 premium pricing (7.2%) 1,159 +14% • NCI growth (+12.5% YoY driven by bancassurance, 99 78 +27% accounts & packages and cards) 470 C
Slide 8: Financials & Risk Update
Executive Summary & Business Update Financials & Risk Update Outlook & Wrap-Up Additional Materials
Slide 9: Financial Performance 3Q25 at a Glance
Financial Performance 3Q25 at a Glance Financial Performance 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 YTD, €m 79.4 80.5 78.1 80.5 7.00% 3Q24 YoY 76.9 6.00% NCI 18.3 19.4 18.2 19.1 20.5 Netinterest Net interest income income 177.8 181.7 -2.2% 5.00% Net Net fee & fee & commission NIM 3.93% 3.84% 3.70% 3.69% 3.73
Slide 10: Capital Position Remains Strong
Capital Position Remains Strong Capital development fully-loaded % CET1/TCR, YTD, RWA in €m Addiko Group 3,671 3,770 3,865 3,883 RWA 0.11% 0.10% 0.57% 0.14% 0.01% 0.55% 0.08% 0.01% 0.10% CET1/ 22.0% TCR 21.7% 21.3% 21.3% fully-loaded 1 1 1 2024 OCI Reg. & RWA 1Q25 OCI Reg. & RWA 1H25 OCI Reg. & RWA
Slide 11: Balanced NPE Development Continues in 3Q25
Balanced NPE Development Continues in 3Q25 NPE volume1 & ratio development Quarterly NPE formation & exit €m, YTD €m, QTD 4Q24 1Q25 2Q25 3Q25 NPE ratio (on-balance loans)2 2.9% 3.0% 2.9% 2.9% 36.7 19.5 25.7 21.7 NPE ratio (GE based)3 2.0% 2.1% 2.0% 2.0% Formation 0.9 22.1 0.5 0.4 0.9 12.7 5.4 9.3 14
Slide 12: Cost of Risk at a Glance
Cost of Risk at a Glance Expected credit loss expenses on financial assets 3Q25 YTD, €m, positive number for release • 3Q25 expected credit loss expenses of €25.5m 5.0 0.0 resulting in -0.71% cost of Impairments (negative) Releases (positive) (16.0) risk (on net loans): − Consumer: -0.7% (25.5) (25.
Slide 13: Outlook & Wrap-Up
Executive Summary & Business Update Financials & Risk Update Outlook & Wrap-Up Additional Materials
Slide 14: Outlook 2025 and Wrap-Up
Outlook 2025 and Wrap-Up Income & Business Risk & Liquidity Profitability Outlook Loan Growth1 >6% CoR3 c.1.3% RoATE5 >4.5% CAGR 2024-2026 2025 Unchanged NIM2 >3.6% NPE Ratio4 <3% DPS6 ca. 50% as guiding principle of net profit (adjusted in 1H25) NBI2 Flat TCR >18.35% subject to yearly SREP OPEX <€1
Slide 15: Additional Materials
Executive Summary & Business Update Financials & Risk Update Outlook & Wrap-Up Additional Materials
Slide 16: Management Team
Management Team Herbert Juranek Edgar Flaggl Tadej Krašovec Ganesh Krishnamoorthi Chief Executive Officer Chief Financial Officer Chief Risk Officer Chief Market, IT & Digitalisation Officer Chair of the Management Board Member of the Management Board Member of the Management Board Member of the Man
Slide 17: Addiko at a Glance
Addiko at a Glance Overview of Addiko Operating as one region - one bank 3Q25, % of Group Assets (rounded) ✓ Fully licensed bank with HQ in Austria, focused 100% on Central ✓ and South-Eastern Europe ✓ Addiko Bank AG is regulated by the Austrian Financial Market Austria ✓ (4%2) Authority (“FMA”)1 an
Slide 18: Current Shareholder Structure
Current Shareholder Structure S-Quad Handels- und Beteiligungs GmbH (Austria) 9.99% Gorenjska Banka (Slovenia), AIK Banka (Serbia) - AikGroup (CY) Ltd. Alta Group d.o.o. (Serbia) 9.69% 36.74% European Bank for Reconstruction and Development (EBRD) Dr. Jelitzka + Partner (Austria) 9.63% - Dr. Jelitzk
Slide 19: Key Macroeconomic Assumptions
Key Macroeconomic Assumptions GDP forecasts (%, real growth) Previous Forecast 2025E 2026E 2027E Δ 2024 Base Base Base 2025 Slovenia 1.7% 0.5% 1.8% 2.2% -1.3% Croatia 3.9% 3.0% 2.8% 2.7% +0.2% Serbia 3.9% 2.0% 3.5% 4.0% -1.0% Bosnia & 3.0% 2.2% 2.7% 3.0% -0.2% Herzegovina Montenegro 3.2% 3.4% 3.4% 3
Slide 20: Addiko's Sustainable Goals Align with ESRS Framework
Addiko’s Sustainable Goals Align with ESRS Framework Making ESG work Vision Carbon footprint Committed to the through good reduction good governance Addiko helps its employees Addiko supports social Sound principles Mission and customers to become equality on all levels of governance in more climate
Slide 21: Balance Sheet Composition
Balance Sheet Composition Assets Liabilities and Equity YTD 3Q25, €b YTD 3Q25, €b 6.4 6.4 Other 0.2 0.1 Liabilities 0.1 ✓• Liquid balance sheet Other Assets Due to Credit ✓• Strong deposit base 0.5 Institutions - LCR ratio: 389% (YE24: 363%) Direct - Loan/deposit ratio Deposits (customer): 69.0% (YE
Slide 22: Addiko Story Well Positioned for Strong Growth in Mid-Term
Addiko Story Well Positioned for Strong Growth in Mid-Term • We will turn Addiko into leading CSEE specialist bank for Consumer & SME customers Vision • We are focused and offer the best digital products to challenge universal banks • We will accelerate the bank’s transformation and generate value f
Slide 23: Development of Growth in Focus Areas Consumer & SME
Development of Growth in Focus Areas Consumer & SME Gross performing loans in focus segments Gross yield by segment1 Gross loans of focus segments as % of total gross performing loans 3Q25 YTD QTD QTD QTD Full year 3Q25 2Q25 1Q25 2024 yield yield yield yield Consumer 7.3% 7.1% 7.3% 7.4% 7.4% % in fo
Slide 24: Consumer and SME Lending Development
Consumer and SME Lending Development Consumer (Micro shifted to SME as of 1Q21) SME €m, YTD €m, YTD 1,962 2,015 1,877 1,919 1,803 1,846 1,706 1,752 1,535 1,342 1,312 1,389 1,310 1,322 1,332 1,301 1,261 1,266 1,286 1,279 1,188 1,188 1,059 1,040 1,057 928 Gross Performing Loans 2018 2019 2020 2021 202
Slide 25: New Business on a Monthly Basis
New Business on a Monthly Basis New business during 3Q25 €m 3Q25YTD: 748 91 93 91 86 85 85 73 69 76 77 74 80 76 74 69 78 70 67 63 66 Consumer 57 0 0 0 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 3Q25YTD: 570 80 77 72 71 68 63 64 61 64 64 62 63 64 SME 54 53 58 57 49 48 40 42 0 0 0 Jan.
Slide 26: Digital Transformation
Digital Transformation Digital capabilities YTD +8% YoY Registered Mobile Banking 150 188 230 258 291 309 314 334 Users (ths.) +7% YoY 341 318 323 301 273 246 210 177 Digital Users (ths.) 2019 2020 2021 2022 2023 3Q24 2024 3Q25 ADDIKO BANK AG 6 NOVEMBER 2025 | 26
Slide 27: Financials: Financial Performance 3Q25 in Detail
Financials: Financial Performance 3Q25 in Detail Key financials P&L in €m YTD QTD •1 Operating result down 0.8% YoY to €82.9m: 3Q25 (YTD) 3Q24 (YTD) +/- PY 3Q25 (QTD) 2Q25 (QTD) +/- PQ Net interest income 177.8 181.7 -2.2% 60.0 59.1 1.6% − Net interest income down 2.2% YoY with Net fee and commissio
Slide 28: Financials: Key Performance Drivers 3Q25
Financials: Key Performance Drivers 3Q25 Net interest income Net fee and commission income €m €m NIM 391bp 372bp 370bp 369bp 373bp % of 29% 32% 31% 32% 34% NII -2.2% +2.2% 181.7 177.8 +12.8% +1.6% +7.8% +7.7% 58.7 59.1 60.0 53.6 57.8 18.2 19.1 20.5 3Q24 (YTD) 3Q25 (YTD) 1Q25 (QTD) 2Q25 (QTD) 3Q25 (Q
Slide 29: Financials: Interest Income Dynamics
Financials: Interest Income Dynamics Interest income by quarter1 Gross yield by quarter2 €m 78.2 78.6 75.7 74.5 73.6 3Q24 4Q24 1Q25 2Q25 3Q25 Other 7.4% 7.4% 7.4% 7.3% 7.1% 20.5 21.4 Consumer 20.2 18.8 17.9 Public & 8.0% 7.8% 7.2% 7.3% 7.1% new new new new new Large business business business busine
Slide 30: Financials: Breakdown of Other Interest Income
Financials: Breakdown of Other Interest Income Treasury interest income by quarter €m Other interest 21.2 20.5 20.2 18.8 17.9 income (total) • HTC bond portfolio strategy: interest income from the instruments 17.9 held under the Hold-to-Collect (HTC) bond portfolio strategy in EU 17.0 17.1 entities.
Slide 31: Financials: Interest Expense Dynamics
Financials: Interest Expense Dynamics Interest expense by quarter Cost of funding by quarter1 €m 17.5 17.1 17.0 3Q24 4Q24 1Q25 2Q25 3Q25 2.2 15.5 2.1 2.2 Deposits – Treasury 0.8 0.86% 0.87% 0.85% 0.78% 0.70% 0.9 0.7 1.9 13.6 Network Deposits – Credit 0.8 1.7 4.4 4.2 Direct Institutions 4.3 0.7 Depos
Slide 32: Financials: Commission Income Dynamics
Financials: Commission Income Dynamics Net fee and commission income by quarter Key highlights €m 20.5 • Net fee and commission income 3Q25 up €1.5m vs 19.4 19.1 0.5 2Q25, supported by a renegotiated profit-sharing 18.3 0.6 18.2 Non-Focus 0.9 agreement for insurance products, adding €0.9m 0.5 0.7 an
Slide 33: Financials: Other Income & Other Result
Financials: Other Income & Other Result Other income breakdown (YTD) €m 3Q25 3Q24 1 Higher deposit guarantee fees primarily due to front loading and higher contribution in Slovenia 1 Deposit guarantee -5.5 -4.8 2 Bank levies and other taxes -5.4 -6.0 Bank levies and other taxes includes €2.2m (3Q24:
Slide 34: Financials: Development of General Administrative Expenses (OPEX)
Financials: Development of General Administrative Expenses (OPEX) OPEX development by quarter Other Administrative expenses €m 3Q25 YTD, €m Other1 6.0 12% 6.4 Advertising 13% Total: 25.8 2.9 IT €50.6m 51% 49.3 49.0 6% 48.4 Legal & Advisory 47.1 9.4 46.1 4.3 Depreciation 4.5 4.5 18% and 4.2 4.6 Amort
Slide 35: Financials: Balance Sheet
Financials: Balance Sheet Detailed balance sheet overview (YTD) €m 2021 2022 2023 2024 3Q25 Cash reserves 1,361.7 1,382.9 1,254.5 1,251.4 1,036.5 Investment Portfolio 1,044.8 1,084.4 1,208.1 1,479.1 1,477.6 Financial assets held for trading 32.6 22.8 29.5 14.4 9.8 Investment securities 1,012.2 1,061
Slide 36: Financials: Income Statement
Financials: Income Statement Detailed income statement overview (YTD) €m 2021 2022 2023 2024 3Q24 3Q25 Interest income 187.7 195.1 277.0 311.1 232.5 223.9 Interest expense (18.2) (18.7) (49.0) (68.3) (50.7) (46.1) Net interest income 169.5 176.4 228.0 242.9 181.7 177.8 Fee and commission income 84.3
Slide 37: Financials: Breakdown by Entity
Financials: Breakdown by Entity 3Q25 YTD YTD Addiko Bank d.d., Addiko Bank d.d., Addiko Bank d.d., Addiko Bank a.d., Addiko Bank a.d., Addiko Bank A.D., (€m, IFRS) Zagreb Ljubljana Banja Luka Sarajevo Beograd Podgorica Net interest income 58.4 43.2 17.4 17.2 32.2 9.4 Net commission income 18.5 12.9
Slide 38: Risk: Strong Risk Management Framework
Risk: Strong Risk Management Framework Non-performing loan portfolio (YTD) NPE Volumes, €m NPE Coverage 194 163 138 146 137 141 145 147 143 140 Ratio1 (Ex-Collateral) 71.9% 75.4% 80.9% 81.4% 80.7% 80.8% 80.0% 80.9% 80.8% 82.2% NPE Ratio (on-balance loans)2 4.0% 3.3% 2.9% 2.9% 2.9% 3.0% 2.9% 2.9% 2.8
Slide 39: Risk: Robust Asset Quality in Portfolios
Risk: Robust Asset Quality in Portfolios Focus Non-Focus Consumer SME €m, rounded €m, rounded €m, rounded 2,259 2,207 > 90 2,165 49 > 90 2,117 50 days 55 90 days 50 77 61-90 87 days 61-90 71 1,885 1,851 days 31-60 1,835 1,847 40 31-60 days 31 46 47 46 36 43 35 days < 30 < 30 days days > 90 days 2,10
Slide 40: Risk: Provision Coverage Evolution
Risk: Provision Coverage Evolution Stage 1, 2 and 3 assets1 Business segments: Stage 1 & 2 (Performing) coverage1 €m 3Q25 (YTD) ECL coverage (YTD) By Segment 1H25 1Q25 2024 3Q24 4,509 4,481 4,495 4,537 4,558 141 145 147 143 140 Focus Focus 1.4% 1.3% 1.4% 1.4% 1.5% 335 334 321 531 351 Consumer 1.6% 1
Slide 41: Risk: NPE Formation and Exit Dynamics
Risk: NPE Formation and Exit Dynamics Quarterly NPE formation & exit - group level Consumer SME Mortgages Large Corporates Public Finance €m €m €m €m €m Net +2.4 +5.5 -4.9 -0.3 +6.5 -1.4 +1.5 -1.1 -4.3 -0.4 -0.7 -0.6 -0.4 -0.5 -0.4 -0.5 -0.2 -0.8 -0.1 -0.1 22.1 13.7 13.3 12.6 11.9 12.7 0.8 0.0 0.0 0
Slide 42: Risk: NPE and Cost of Risk Development
Risk: NPE and Cost of Risk Development Focus Non-Focus3 €m Consumer SME €m €m NPE Coverage Ratio (Excl. 80.8% 80.8% 81.5% 81.7% 81.8% 80.0% 80.0% 82.0% 79.9% 82.0% 82.0% 84.3% Collateral)1 5.4% 5.6% 5.0% 4.4% NPE Ratio2 3.0% 3.1% 3.2% 3.0% 2.5% 2.8% 2.8% 2.3% 2023 3Q24 2024 3Q25 2023 3Q24 2024 3Q25
Slide 43: Risk: NPE and Cost of Risk Development by Business Segment
Risk: NPE and Cost of Risk Development by Business Segment Consumer SME Mortgages Large Corporates Public Finance €m €m €m €m €m NPE Coverage Ratio1 80.8% 81.5% 81.7% 81.8% 77.6% 82.0% 82.0% 80.2% 81.6% 78.1% 84.1% 88.8% 73.2% 59.1% 37.9% 8.2% 7.1% 6.5% 6.2% 4.8% 3.5% 4.0% NPE Ratio2 3.0% 3.2% 3.0%
Slide 44: Risk: CHF Loans Significantly Managed Down
Risk: CHF Loans Significantly Managed Down CHF portfolio overview CHF status across countries €m • Several CHF initiatives rejected because parliamentary constitutional service classified % of Total such drafts as unconstitutional and unlawful under European law 5.5% 4.4% 3.4% 2.0% 1.7% 1.3% 1.1% 0.
Slide 45: Capital: Capital Requirements & Guidance Going Forward
Capital: Capital Requirements & Guidance Going Forward Capital requirements as of 3Q25 (excluding P2G) • Slight change with 25bp increase to 3.50% P2R for the year 2026 (for 2026) • At least 56.25% must be held in CET1 21.3% 21.3% 21.3% capital and at least 75% in Tier 1 capital CBR includes the ful
Slide 46: Capital: Further Details
Capital: Further Details Breakdown of capital position1 3Q25 figures reflect CRR3 (“Basel IV”) effective from 1 22.0% 21.3% January 2025 20.4% 21.1% • RWA growth primarily driven by changes in risk- weighting under Basel IV, as well as a new interpretation of EBA guideline on structural FX risk (EBA
Slide 47: Capital: Credit Risk RWA in Focus vs. Non-Focus
Capital: Credit Risk RWA in Focus vs. Non-Focus Risk weighting for focus portfolio is in line with overall contribution to loan book Credit risk RWA Credit risk RWA: breakdown by segment1 3Q25, €m 3Q25, €m Large Corporate & Public Finance Mortgages 3,267 81 158 589 Corporate Center Consumer Total: 8
Slide 48: Disclaimer
Disclaimer THESE RESULTS AND STATEMENTS (HEREINAFTER REFERRED TO AS “MATERIALS”) WERE CAREFULLY PREPARED BY ADDIKO BANK AG. HOWEVER, THE MATERIALS HAVE NOT BEEN INDEPENDENTLY VERIFIED. THEREFORE, ADDIKO BANK AG MAKES NO REPRESENTATION AND GIVES NO WARRANTY, NEITHER IMPLIED NOR EXPRESSED, AND ASSUMES