Grupo Supervielle Sa Class B · BCBA:SUPV
Grupo Supervielle Sa Class B — BofA Securities 2025 Argentina Conference in New York
50 slides from Grupo Supervielle Sa Class B's conference presentation, Feb 19, 2025
Slide 1: February 2025
February 2025 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: Contents
Contents IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina 3
Slide 4: IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina 4
Slide 5: Financial services
Financial services • • Household name and the oldest private franchise in the country. • The eighth largest Argentine private bank in terms of loans • • Grupo Supervielle listed in NYSE and BYMA since 2016 • Placing the customer at the center of all we do • Implemented a deep cultural and digital tr
Slide 6: Looking ahead: A Healthy Banking Industry Poised For a New Growth Era
Looking ahead: A Healthy Banking Industry Poised For a New BHC, Pre Growth Era Low Indebtedness: Small & Macro & Political Transactional Companies & . . . Individuals Environment Financial System * Inflation decelerating faster than expected 2024: 117.8%; 2025e 23% + Reserves improving + Gov't reach
Slide 7: APIs Bank integration Investments
• APIs Bank • integration • • Investments • as a Service •
Slide 8: Holding S.A. Agente
Holding S.A. Agente de Valores
Slide 9: 3Q24 Results
GRUPO a SUPERVIELLE 3Q24 Results SUPV Earnings conference call presentation November 26, 2024
Slide 10: Business Performance Highlights
• • • • • • • performance • • • • • • • • • • • Business • • Highlights • • • • • • • 10
Slide 11: • • • • • • -29.4% -31.2% +25.0% -22.4% +1.8% -34.6%
• • • • • • -29.4% -31.2% +25.0% -22.4% +1.8% -34.6% 11
Slide 12: Retail loans +44% QoQ, Auto loans +103% QoQ
• Retail loans +44% QoQ • Auto loans +103% QoQ 12
Slide 13: Market share gains in US$ deposits
72% • 80 bps YTD Market share 84% gains in US$ Deposits 28% 16% 13
Slide 14: NFI reflects lower inflation and AR$ yields, partially offset by reduced funding costs
NFI reflects lower inflation and AR$ yields, partially offset by reduced funding costs Net Financial Income AR$ Interest Spread [%.] [AR$ Mill.] -29.4% NFI 235,471 227,985 160,988 Financial lncome —_™ Financial Expenses 755,063 400,793 310,240 519,592 172,809 3Q23 2Q24 3Q24 NIM [%] L J @ \________ L
Slide 15: Capitalization with CET Ratio at 19.2% supports loan expansion
Capitalization with CET 1 Ratio at 19.2% supports loan expansion Jun 24 * Profit » RWA growth » Higher ila above inflation deductions on capitalization in the quarter deferred tax +0.6% -2.0% : 0.7% Bank, Net Result RWA Deductions GRUPO a SUPERVIELLE Sep 24
Slide 16: Looking Ahead: Government committed to curbing inflation and fiscal surplus
Looking Ahead: Government committed to curbing inflation, aur sustaining fiscal surplus and progressing with structural reforms Approval Ley de Bases and ongoing Reserves ACHIEVEMENTS see necty deregulation improved TO-DATE +US$20 billion "APEC"! but remain deposits negative Sustained Addressing Arg
Slide 17: 2025 Perspectives: Sustained reduction in inflation and improving economic activity
2024 Perspectives: Sustained reduction in inflation and improving GRUPO a SUPERVIELLE economic activity, expected to drive higher credit demand * Peso Loans expected to grow between 70%- Loans 80% in real terms * Retail loans regaining share of total loans + Peso Deposits increasing above inflation
Slide 18: Annex I: 3Q24 Supplementary Financial Information & Ratios
GRUPO a SUPERVIELLE Annex I: 3Q24 Supplementary Financial Information & Ratios
Slide 19: Gradual shift towards private-sector loans
Continued gradual shift towards private-sector loans, from Central rupo | De Bank and Treasury Notes Shift from Central Bank to Loan portfolio Cain > Tint e [% of Assets] — R= Central Bank Repos + Lecaps*+Short term CER Loans -28p.p. +16p.p. * Trend expected to continue in the coming quarters 40% 37
Slide 20: Pick-up in loan growth supported by 44% increase in retail loans
Pick-up in loan growth mainly supported by a 44% increase in retail loans Total Lending [AR$ Bn] —————1+35.5%]——_ +13.6% > Industry {414.7% 7 Loans [YoY] 9, Industry +26.1% Loans [QoQ] 3Q23 2Q24 3Q24 © @ US$ MM LOANS o 20 GRUPO a SUPERVIELLE 100% 100% 0.7% 0.5% 2024 3024 Corporate Personal & Busines
Slide 21: Commercial and Retail Portfolio
Commercial Retail Portfolio Portfolio 44% of total 56% of total 21
Slide 22: NPL ratio at a historic low of 0.8%; coverage ratio of 282%
22 NPL ratio at a historic low of 0.8% reflecting loan growth; Coverage ratio of 282% 9¢ NPL & Coverage NPL| Ratio [%] 302.9% 281.7% 182.8% mmm NPL —O Coverage ratio Note: NPL ratio includes off balance sheet guarantees granted to customers. GRUPO a SUPERVIELLE (ot f=] NPt Breakdown NPL Breakdown (a
Slide 23: Atomized and diversified loan portfolio
Atomized and diversified loan portfolio within Company portfolio cruro limits Loans breakdown by industry a AR$ Nominal 3Q24 2024 Change QoQ Business Sector Share Share 269,661 Families and individuals 38.9% 31.0% 40,365 Agribusiness 8.9% 8.7% 23,360 Food & Beverages 71% TAN 25,909 IT & Communicatio
Slide 24: Total deposits up 17% QoQ
Total deposits up 17% QoQ reflecting higher US$ deposits following the tax crupo J | amnesty while AR$ deposits remained stable SUPERVIELLE AR$ Deposits Breakdown PAs Deposit Breakdown NX +0.4% 2,707 1,967 1974 Wholesale Funding Time Deposits Individuals and Companies Savings Accounts Checking Accou
Slide 25: Loan Portfolio & Investment Portfolio Yield
SUPERVIELLE Loan Portfolio & Investment Portfolio Yield ~ | Peso yields came down driven by a lower interest rate environment crurpo 99.2% o- 64.0% 75.7% 52.0% 61.3% saan) 41.7% Q23 202 3Q24 —O-Investment portfolio Yield —O-Loan portfolio Yield 25
Slide 26: Loan portfolio Yields
| Loan portfolio Yields Retail loan portfolio Yields 3Q23 2Q24 3Q24 —O- Mortgage Loans =O=Personal Loans —O-Car Loans Credit Cards 26 GRUPO y SUPERVIELLE Commercial loan portfolio Yields 109% 6 92% 89% 69% 3Q23 2024 3Q24 —O- Overdratts —©=Corporate Unsecured Loans —O-Promissory Notes —O=Receivables
Slide 27: Net Revenues and Expenses
Net Revenues 1 Expenses 2 3Q24 3Q24 Q oQ -19.5% Q oQ +1.8% YoY -26.0% YoY -7.9%
Slide 28: Fee income up 28% QoQ
RUPO a Fee income up 28% QoQ, driven by growth across all segments. Non-So¢fevieue bank fees at 35% of total fees. Insurance up 12% QoQ Non financial services Asset Management Other bank fees 10.4% Credit Cards at Deposit accounts Net Service Fee Income ex insurance [AR$ Mill.] +7.1% +27.8% Q2 2024
Slide 29: Loan loss provisions
• Lower LLPs from top-down analysis on certain economic sectors that improved following better macroeconomic environment • ECL models required lower provisions for the credit card portfolio due to the increase in market interest rates in August and September 29
Slide 30: ROAE in real terms of 5% in 3Q24 and 16% in 9M24
ROAE in real terms of 5% in 3Q24 and 16% in 9M24; maintain 15% target crupo J | for FY24 SUPERVIELLE 29,303 a 61,778 34,6451 a 3Q23 4Q23 1Q24 2Q24 3Q24 3023 4023 1024 2024 3024 = Result from net monetary position — rtributable Net Income ROAE ROAA [%] [%] Profit Before Income Tax 3Q23 4Q23 1Q24 2Q24
Slide 31: • • • • • • +30.0% +111.2% -1.5% -10.6% -8.4% +46.3%
• • • • • • +30.0% +111.2% -1.5% -10.6% -8.4% +46.3% 31
Slide 32: Income Statement & Balance Sheet
Income Statement & Balance Sheet SUPERVIELLE In millions of Ps. stated in terms of the measuring unit current at the end of the reporting period 3Q24 2Q24 1Q24 4Q23 3Q23 QoQ YoY 9M24__ 9M23 YoY Net Interest Income 137,747 187,444 284,079 277,870 201,033 -26.5% = -31.5% 609,271 489,801 24.4% NIFFI &
Slide 33: Key Indicators
GRUPO a . Key Indicators SUPERVIELLE 3Q24 2Q24 1Q24 4Q23 3Q23 9M24 9M23, ROAE 49% 10.4% 33.8% 26.9% 18.5% 16.4% 12.9% ROAA 1.0% 2.3% 74% 5.3% 2.9% 3.4% 1.9% Profitability Net Interest Margin (NIM) 24.8% 36.3% 61.9% 62.2% 29.2% 40.0% 25.0% & efficiency Net Fee Income Ratio 231% 14.5% 8.4% 9.9% 16.1%
Slide 34: Key Indicators
Key Indicators 3Q24 2Q24 1Q24 4Q23 3Q23 Retail Price Index (%)- QoQ 121% 18.6% 51.6% 53.3% 34.8% Retail Price Index (%)- YoY 209.0% 271.5% 287.9% 211.4% 138.3% M UVA (var) 13.2% 32.6% 69.6% 37.2% 23.9% mero Pesos/US$ Exchange Rate 970.92 975 «85742 ~—S«808.48 ~—350.01 Badlar Interest Rate (eop) 39.8
Slide 35: Annex II: Industry Outlook and Supplementary Information
GRUPO a SUPERVIELLE Annex II: Industry Outlook and Supplementary Information
Slide 36: Official Fx rate Dec 8, 2023 inflation in
Official Fx rate • 5 • Dec 8, 2023 Feb 14-2025 In 2023 expected Doubling 1 3 inflation in • 2022 levels 2025* Blue chip swap rate 171% 13% inflation in gap gap 2024 2 4 • • 2023 12024 • • • • • Dec-2018 3Q24 • • • Dec-2018 3Q24 • • • 36 •
Slide 37: Inflation
INFLATION 3Q24 YoY 4Q24 YoY 37
Slide 38: Inflation
INFLATION 3Q24 YoY 4Q24 YoY 38
Slide 39: Banking system ranking by loans and deposits
Banco Nación 48.863.496 24,0% Banco Nación 13.905.981 20,7% Banco Nación 32.085.259 24,0% Banco Galicia 19.848.259 9,7% Banco Galicia 7.439.794 11,1% Banco Galicia 13.162.841 9,8% Santander 18.210.433 8,9% Santander 7.109.690 10,6% Santander 12.938.442 9,7% Banco Provincia 14.325.411 7,0% BBVA 6.263
Slide 40: Active interest rates
Badlar Badlar: 29.19% (as of Feb 13, 2025) Active interest rates TAMAR (30 days Time Deposits over AR$1 billion) Tamar: 30.39% (as of Feb 13, 2025) Maximum Percentage allowed to be charged on 0.6% Debit Cards Interchange fees credit and debit cards 1.3% Credit Cards 125% over the previous month's av
Slide 41: Provision for loan losses and reserve requirements
Provision for loan losses IFRS9 Some exceptions in government-issued debt securities AR$ Time Deposits 80% Lecaps/Boncaps and 20% in Treasury notes 45% (40% in cash, 5% in treasury notes. Deductions on SMEs AR$ Checking and Saving Accounts financings, effective rate: 10%-15% ) AR$ Mutual Funds remun
Slide 42: Annex III: ESG Commitment
GRUPO a SUPERVIELLE Annex III: ESG Commitment
Slide 43: ESG Strategy & Sustainable Growth
ESG Strategy & Sustainable Growth GRUPO a SUPERVIELLE OUR COMMITMENTS OUR FOCUS AREAS i Sustainable growth—protection of the environment and pursuance of our business strategy in a socially responsible manner I Good governance practices, diversity and inclusion are key factors HB Integration of ESG
Slide 44: Annex IV: SUPV Digital Transformation Agenda & KPIs Evolution
GRUPO a SUPERVIELLE Annex IV: SUPV Digital Transformation Agenda & KPls Evolution
Slide 45: Advancing on Our Six Strategic Pillars to Drive ROE
GRUPO a SUPERVIELLE Advancing on Our Six Strategic Pillars to Drive ROE 01 03 05 02 04 fe} aA 58 Fail CUSTOMER U , DIGITAL QWs EXPERIENCE ADOPTION oO O CUSTOMER EFFICIENCY ASSET ACQUISITION QUALITY 7lT\N — 0 PEOPLE + Agile at Scale * Cultural Transformation [=] ee: 0? as io? 0 DIGITAL TRANSFORMATION
Slide 46: Digital Customers
Dec-2022 Dec-2023 4Q22 4Q23 Jan-2023 Dec-2023 Dec-2023 YoY Digital Customers Digital & Automatic # of Transfers Personal Loans [% Q2] # of QR Visits to Insurance Asset Management from 10% Code Branches sales January Payments 10X Through digital Dec 23 2023 Retail channels3 # of Utility Customers Amo
Slide 47: Entrepreneurs & SMEs
Entrepreneurs Factoring & SMEs Dec-2023 Penetration 2022 2023 Renewal Insurance rate in Commercial Policies 2023 unsecured Dec-2023 Cross-Sell Overdraft Dec-2023 2022 2023 Market share 4Q22 4Q23 • • 47
Slide 48: Network right-sizing and accelerated efficiencies
| Since 2020 network right-sizing and accelerated efficiencies gue, > SUPERVIELLE Right-sizing branches while Headcount evolution enhancing CX [# branches] [# employees] . | {mace i L 29% | an L 21% | 33 184 183 3,494 3,099 t t t t t 196 t 1 Dec Dec Dec Dec Dec Sep 24 2019 2020 2021 2022 2023 2024 D
Slide 49: App Downloads and Monthly Active Customers
Dec-2022 Dec-2023 App Downloads Dec-2022 Dec-2023 Monthly Active Customers Dec-2022 Dec-2023 Accounts 2022 2023 Brokerage fees / Brokerage Transaction total SUPV fee income fees 2022 2023 • • • 49
Slide 50: Thank You!
Thank You! IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
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