Grupo Supervielle Sa Class B · BCBA:SUPV

Grupo Supervielle Sa Class B — J.P. Morgan 2019 Global Emerging Markets Corporate Conference

43 slides from Grupo Supervielle Sa Class B's conference presentation, Feb 25, 2019

  1. Slide 1: Supervielle – J.P. Morgan 2019 Global Emerging Markets Corporate Conference

    SUPERVIELLE > SUPERVIELLE Tarjeta Automatica s.a. > SUPERVIELLE JP Morgan pif 2019 Global Emergi Pesce Confere le ; Y | a ; F i a Ww ad ap SUPERVIELLE 4 l 7, MANAGEMENT fj I ibe yr (19 imvertirOntine com Ty) Uhm A W (E : oo - i.

  2. 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,

  3. Slide 3: SUPERVIELLE

    i“ SUPERVIELLE

  4. Slide 4: Key economic variables

    COMPANY PRESENTATION GRUPO a Key economic variables SUPERVIELLE Significant changes in market consensus along the year By verket Expectations / Consensus Qanuar H ‘ve q GDP3 3.0% i 24%4 | 1.2% Inflation? 19.4% i 476% 29% Badlar Rate 21962 49.5% 34%2 (eop) : : Monetary policy Rate 21.75% ' 59.25% 3 3

  5. Slide 5: Macro dynamics in 2018 and beginning 2019: FX stabilizing

    COMPANY PRESENTATION Macro dynamics in 2018 and beginning 2019 ... aura, Pe | ... fx stabilizing following implementation of new Monetary Policy framework | es (AR$/US$) [ +111% Griz es New Monetary Policy framework CS% (A)% L = . BBR GRERGRGD Sitiii 12/29/17 1/31/18 2/28/18 3/28/18 4/27/18 5/31/18

  6. Slide 6: Macro dynamics: inflation and interest rates

    COMPANY PRESENTATION Macro dynamics in 2018 and beginning 2019 ... aura, Pe | ... closely monitoring inflation following sharp currency depreciation in previous months: Interest rates remains high but slightly decreased By INFLATION (9%) | Next 12M avg. inflation expectation [% | a Nov Dec Jan 12M a

  7. Slide 7: Monetary policy rate and reserve requirements

    1,300 bps *Minimum reserve requirements for new time deposits since Oct 1 to Jan31, 2019 are set up 100% in leliqs February 2019 7

  8. Slide 8: 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)% 8

  9. Slide 9: 146,123 146,123 120,789 120,789 92,202 96,570 81,558 96,570 92,202 81,558 9

    146,123 146,123 120,789 120,789 92,202 96,570 81,558 96,570 92,202 81,558 9

  10. Slide 10: 83,378 75,830 66,480 60,693 53,154 ´

    83,378 75,830 66,480 60,693 53,154 ´ 10

  11. Slide 11: 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

  12. Slide 12: 97,185 75,673 56,409 55,540 47,171

    97,185 75,673 56,409 55,540 47,171 12

  13. Slide 13: 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

  14. Slide 14: 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

  15. Slide 15: 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 > .

  16. Slide 16: Credit Card and Personal 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 16

  17. Slide 17: 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% 4.8% Feb

  18. Slide 18: 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

  19. Slide 19: 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

  20. Slide 20: 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

  21. Slide 21: 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$

  22. Slide 22: SUPERVIELLE

    i“ SUPERVIELLE

  23. Slide 23: 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 23

  24. Slide 24: Argentine banking business has 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

  25. Slide 25: Small industry size and low leverage levels with 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

  26. Slide 26: Competition: Ranking of Argentine financial system

    GRUPO a SUPERVIELLE j Ranking Competition | Financial System in million of Ps as of September 2018 Argentine Financial system in ferme of Loans SS Gini ast y Deposits Loans Share Assets Share Deposits ) Share: Banco de la Nacién Argentina S.A. 390,991.6 16.7% 1,216,878.3 23.6% 1,019,373.0 26.8% Banc

  27. Slide 27: Supervielle Seguros

    8th Private Bank in terms SUPV of Loans Follow On Supervielle Seguros 27

  28. Slide 28: Nationwide network & leadership in core products

    GRUPO a SUPERVIELLE ] Nationwide Network & Leadership in Core Products Strong origination capacity for growth with the new capital DISTRIBUTION NETWORK AND CLIENT LEADERSHIP IN CORE PRODUCTS BASE WITH STRONG GROWTH POTENTIAL WITH COMPETITIVE ADVANTAGE . y CQeoraiat . SUPERVIELLE : = Branches): 203 =

  29. Slide 29: 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

  30. Slide 30: 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 30

  31. Slide 31: SUPERVIELLE

    i“ SUPERVIELLE

  32. Slide 32: Lebac and Leliq revenues and expenses

    1,374,256 1,298,644 1,389,257 1,340,754 1,111,790 1,254,833 1,121,400 1,072,538 1,070,299 788,529 947,661 854,511 931,061 774,816 743,977 773,432 722,449 709,104 Lebac (Financial Entities) Lebac (Non Financial Entities) Leliq Revenues Expenses 32

  33. Slide 33: 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%

  34. Slide 34: 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

  35. 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

  36. 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

  37. 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

  38. Slide 38: FX position & NFI from US$ operations

    COMPANY PRESENTATION GRUPO a SUPERVIELLE | Fx Position & NFI from US$ Operations BBP cL08AL 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 p

  39. 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

  40. Slide 40: Banco Supervielle quarterly figures

    COMPANY PRESENTATION . GRUPO a Banco Supervielle SUPERVIELLE | Quarterly figures under IFRS [AR$ mill.] BBP come STATEMENT LARS Mill 3Q18 2Q18 1Q18 4Q17 3Q17 QoQ YoY Net Interest Income 2,563.8 2,750.0 2,732.5 2,546.4 2,096.0 6.8% 22.3% NIFFI & Exchange Differences 1,513.8 463.2 495.8 326.3 559.8 22

  41. Slide 41: Banco Supervielle ratios and asset quality

    . GRUPO a Banco Supervielle SUPERVIELLE Quarterly figures under IFRS [AR$ mill.] Profitability & Efficiency 3Q18 2Q18 1Q18 4Q17 3Q17 ROAE 23,4% 94% 16,4% 17% 19,5% ROAA 2,2% 1,0% 19% 0,2% 19% Net Interest Margin 20.6% 19.0% 19.1% 17.9% 19.4% Net Financial Margin 17.7% 16.8% 19.2% 18.1% 19.5% Net Fee

  42. Slide 42: 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

  43. Slide 43: Thank you!

    GRUPO | a SUPERVIELLE Thank you!

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