Grupo Financiero Santander Mexico SAB De CV
Grupo Financiero Santander Mexico SAB De CV — Banco Santander México — Q1 2025 Earnings Presentation
23 slides from Grupo Financiero Santander Mexico SAB De CV's earnings presentation, Apr 30, 2025
Slide 1: Earnings Presentation 1Q25
Earnings Presentation 1Q25 April 30, 2025 000 Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México
Slide 2: Safe Harbor Statement
Safe Harbor Statement Banco Santander Mexico cautions that this presentation may contain forward-looking statements. These forward-looking statements could be found in various places throughout this presentation and include, without limitation, statements regarding our intent, belief, targets or cur
Slide 3: Santander México: financial strength, customer service, and innovation
Santander México: financial strength, customer service, and innovation Profitability and Building a Leading Bank Balance Sheet Digital Bank with strength2 top 3 in branches loans and deposits1 ROTE: 19.65% double digit growth in digital customers CET1:12.97% Market Share: 11.7% y 11.4% +11% YoY No 1
Slide 4: A clear vision based on three pillars
A clear vision based on three pillars Think Value Think Customer Think Global To foster our To be close to our To offer the best customer’s growth customers, placing service to our customers while improving them at the center of through our global efficiency and everything we do scale, network, and
Slide 5: We are making progress towards our goals while maintaining our financial strength
We are making progress towards our goals while maintaining our financial strength Key Data 1Q25 YoY Business Total Assets Ps.1,974,379 +11.9% Loans Ps.926,313 +6.7% Deposits Ps .952,828 +4.8% Strong loan performance, NIM1 5.44% -4 pb with focus on secured Strenght portfolios NPL2 2.33% +14 pb LCR3
Slide 6: A leading bank that transforms: making a real positive impact on our customers
A leading bank that transforms: making a real positive impact on our customers 1 2 3 4 Contactless1 Promoting financial Sustainability with Boosting mobility inclusion and withdrawals at our Artificial Intelligence education ATMs First bank to offer AI2 ecosystem that instantly Driving electric mobi
Slide 7: Our success story is the result of the business model and transformation we have achieved
Our success story is the result of the business model and transformation we have achieved in recent years Operational Performance Contribution of individuals deposits Efficiency1 Individual demand deposits / Total deposits -130bps +520bps 24.6 24.4 45.1 43.8 19.2 43.7 2018 2024 1Q25 2018 2024 1Q25 P
Slide 8: We are a digital bank with branches, aiming to become the primary financial institution
We are a digital bank with branches, aiming to become the primary financial institution for our customers Active Customers1 Digital Customers1 +5% +11% 10,857 10,922 7,958 7,939 10,590 10,735 7,731 10,353 7,499 7,170 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Mobile Custom
Slide 9: Deposits and loans that connect us with what matters most: people and businesses
Deposits and loans that connect us with what matters most: people and businesses Total Loans1 Loans mix (Mar-25) Million pesos Individuals +6.7% 26% Mortgage 49% 926,313 891,326 3.8% Credit Card 9% 868,385 874,313 874,142 Other Consumer 7% Automobile 6% Middle Market & SMEs 33% Gov. & Fin. Entities
Slide 10: Healthy asset quality driven by disciplined risk management…
Healthy asset quality driven by disciplined risk management… Provisions Cost of Risk1 Millones de pesos +1bps -5% 2.78% 2.88% 2.87% 2.79% 7,247 2.74% -8 bps 6,585 6,247 -14% 5,633 5,604 1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 2Q24 3Q24 4Q24 1Q25 NPLs Mar-24 Dec-24 Mar-25 Var YoY (bps) Var QoQ (bps) Consumer 3
Slide 11: Supported by a balance sheet and liquidity position that reflect our strength
Supported by a balance sheet and liquidity position that reflect our strength … Net loans to deposits ratio(%)1 Liquidity Coverage Ratio (%) 194.0 186.3 94.7 94.7 94.6 174.1 176.3 170.6 93.2 92.9 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 1Q24 2Q24 3Q24 4Q24 1Q25 Debt Maturity Profile2 Capitalization Ratio
Slide 12: … which allows us to maintain solid levels of profitability
… which allows us to maintain solid levels of profitability Net Income ROAE1 Millones de pesos +209 bps 17.59% 17.88% 18.39 +51 bps +7.8% 16.30% 16.82% 7,898 7,491 +12.9% 7,407 6,871 6,561 1Q24 2Q24 3Q24 4Q24 1Q25 1T24 2T24 3T24 4T24 1T25 Solid net income results due to core revenue growth and lower
Slide 13: Solid performance in Q1 2025 with net income expansion
Solid performance in Q1 2025 with net income expansion Million pesos Income Statement 1Q24 1Q25 %YoY Net Interest Income 21,842 23,494 7.6 Provisions (6,585) (6,247) (5.1) Net interest income after provisions 15,257 17,247 13.0 Commission and fee income, net 5,878 6,124 4.2 Net gain (loss) on financ
Slide 14: We drive progress for individuals and businesses through our sustainability strategy
We drive progress for individuals and businesses through our sustainability strategy Sustainability Environmental Social Governance Supporting the transition to a Inclusive growth that Ethical culture and leadership low-carbon economy transforms lives with an ESG perspective 31% Members of the 500 m
Slide 15: We are the only bank among main peers with an initiative with positive social impact
We are the only bank among main peers with an initiative with positive social impact TUIIO is the financial inclusion arm of Santander Mexico Goal: Comprehensive Financial education Financial ecosystem Alliances to increase Customer protection Financial inclusion and health for for the segment reach
Slide 16: Committed to being a more responsible bank
Concrete actions that drive our contribution to society Alliance with a State Government to strengthen 12 schools rehabilitated in education, employment, Guerrero after Hurricane Otis, and investment through benefiting 4,920 students, 229 5,000 scholarships, business teachers, and 17,220 people indi
Slide 17: Annexes
Annexes
Slide 18: Santander Mexico over time
Santander Mexico over time 1956 < 2011 < 2018 Opening of Santander’s 2010 Sale of 50% of our insurance 2018 Corporate restructuring, representative office in business to Seguros de Zúrich resulting in BSMX.B as a listed Mexico entity 2012 1994 Grupo Financiero Santander IPO Constitution of Banco on
Slide 19: Positioning of Banco Santander México in the banking sector
Positioning of Banco Santander México in the banking sector Deposits Market Share (%) Loan Market Share (%) Mortgage Total Demand Time Total Corporates¹ Total Consumer² Automobile 3rd 3rd 2nd 3rd 3rd 4th 4th 4th 11.4 10.8 12.9 11.7 10.1 11.9 16.8 16.7 BBVA 22.8 27.2 12.5 25.3 23.7 28.9 25.9 22.7 Ban
Slide 20: Banco Santander Mexico – Debt issuances
Banco Santander Mexico – Debt issuances Domestic Medium Term Notes Ticker Amount1 ISIN Issuance Date Maturity date Term (years) BSMX 23-3 Ps. 3,500 MX94BS0600B0 12/18/23 12/15/25 2 BSMX 23-2 Ps. 3,230 MX94BS0600A2 03/31/23 03/18/33 10 BSMX 23 Ps. 3,170 MX94BS060092 03/31/23 03/26/27 4 BSMX 22-3 Ps.
Slide 21: Credit ratings
Credit ratings Banco Santander Mexico Global Scale Fitch Ratings Moody’s Fitch Ratings Moody’s4 Global scale, Foreign currency LT BBB+ A3 BBB+ A3 National scale LT AAA(mex) Aaa.mx Santander México Stable Negative Outlook Estable F Negativa Senior Unsecured Global Notes due 20291 BBB+ A3 BBB- Baa2 Su
Slide 22: Banco Santander Mexico public information
Banco Santander Mexico public information For more information on the Bank visit our Official websites Investor Relations and Sustainability Investor Relations Sustainability https://www.santander.com.mx/personas/ https://www.santander.com.mx/ir/ acerca-del-banco/responsabilidad- home/index.html/ so
Slide 23: Thank you.
Thank you. Our mission is to contribute to the progress of individuals and businesses. Our culture is based on the belief that everything we do, must be Simple | Personal | Fair
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