Banco Santander-chile · BCS:BSANTANDER
Banco Santander-chile — Q3 2025 Earnings Presentation
28 slides from Banco Santander-chile's earnings presentation, Nov 5, 2025
Slide 1: 3Q25 results
Banco Santander Chile 3Q25 results November 5, 2025
Slide 2: Important information
Important information Banco Santander Chile caution that this presentation contains forward looking statements Note: the information contained in this presentation is within the meaning of the US Private Securities Litigation Reform Act of 1995. These forward not audited and is presented in Chilean
Slide 3: Agenda
Agenda 1| Macro environment 2|Strategy 3|Balance sheet and results 4|Conclusions 5|Annexes
Slide 4: Macro view
Macro environment Macro view GDP growth Inflation Annual growth % UF inflation, annual variation, % 13.3% 11.3% 2.1% 2.6% 2.4% c.2% 6.6% 0.2% 4.8% 4.4% 3,6% 2.9% 2.7% -6.1% 2020 2021 2022 2023 2024 2025(f) 2026(f) 2020 2021 2022 2023 2024 2025(f) 2026(f) Monetary Policy Rate Unemployment annual aver
Slide 5: Update on proposed and approved regulations
Macro environment Update on proposed and approved regulations Dividend Subsidy Seeks to facilitate access to homeownership and reactivate the real estate market. Under the law, Law 50,000 subsidies will be provided, with almost 18,000 already authorized by banks. Interchange fee Second rate cap redu
Slide 6: Agenda
Agenda 1| Macro environment 2| Strategy 3| Balance sheet and results 4| Conclusions 5| Annexes
Slide 7: Our strategy to create value for our stakeholders
Strategy Our strategy to create value for our stakeholders Digital Bank with Work/Café Value 1 2 3 4 5 Creation ROAE >20% Payout between 60-70% Global platform and Transactional Client centered process automatization, solutions & Client activity Capital leveraging AI non-credit services Focused on c
Slide 8: Our strategy has succeeded
Strategy Our strategy has succeeded in changing the income mix and creating a more efficient and profitable bank. ROAE YTD1 Income mix evolution 24.0% ROF Fee Income NII 10.9% 9.9% 9.7% 9.3% 17.7% 15.0% 20.3% 19.1% 17.5% 14.7% 12.1% 74.1% 69.7% 71.1% 73.2% 9M19 9M25 9M19 9M25 9M19 9M25 9M19 9M25 San
Slide 9: Agenda
Agenda 1| Macro environment 2| Strategy 3| Balance sheet and results 4| Conclusions 5| Annexes
Slide 10: Key messages
Balance sheet and results Key messages Results 9M25 financial highlights Awards and recognitions Net • Fees growth 8% YoY and Financial • Euromoney Profit transactions grow 19% YoY. CLP$ 798 billion • Mutual funds growing 15% YoY • Latin Finance Bank of the Year in Chile +37%YoY • Recurrence levels
Slide 11: ROEs remains above 20% and NIM above 4%
Balance sheet and results ROEs remains above 20% and NIM above 4% despite the lower inflation in the quarter Quarterly ROAE1 Net interest income % ROAE UF Variation Ch$ billion 9M25 YoY QoQ 0.90% 1.34% 1.24% 0.96% 35. 0% 0.56% 1.0 0% Net interest income 1,294 19.6% (0.2%) 31. 9% 28. 8% 26.0% 25.7% 2
Slide 12: Rapidly monetizing expansion of client base
Balance sheet and results Rapidly monetizing expansion of client base through digital accounts and transactionality 4.6 million clients 2.3 million digital clients 9M25 YoY QoQ Ch$ billion Card fees 109.8 15.0% (7.6%) 59% +5% YoY +4% YoY Getnet 77.8 40.8% 4.6% Of total clients are Active customers D
Slide 13: Best in class efficiency ratio
Balance sheet and results Best in class: Efficiency ratio 35.9% in 9M25, with recurrence of 62% Operating expenses Ch$ billion 9M25 YoY QoQ Efficiency1 Worst in class; Personnel expenses 308.0 3.2% (8.5%) % Best in class (Santander); 35.9% 53.7 % Administrative expenses 301.3 9.2% 1.2% Investment am
Slide 14: Cost of risk at 1.39% YTD with asset quality stable
Balance sheet and results Cost of risk at 1.39% YTD with asset quality stable NPLs2 and NPL ratio Ch$bn (%) 3,000 3.1% 3.2% 3.2% 3.0% 3.2% 2,500 3.0% 2,000 1,500 1,251 1,311 1,314 1,230 1,258 2.0% YTD cost of credit1 1,000 (%) 1.0% 1.39% 500 1.28% - 0.0% 3Q24 4Q24 1Q25 2Q25 3Q25 NPLs NPL ratio 0.00%
Slide 15: Solid capital ratios
Balance sheet and results Solid capital ratios Core capital & BIS ratio Current Phase-in of Basel III Dec-25 17.1% 16.7% Minimum from Banking Law 4.5% +~600 bp under D- SIB 1.5% 4.9% 4.3% ECB regulation Minimum CET1 6.00% 12.63% Including AT1 1.7% 1.6% Conservation buffer 2.5% and Tier 2 Countercycl
Slide 16: Agenda
Agenda 1|Macro environment 2|Strategy 3|Balance sheet and results 4| Conclusions 5| Annexes
Slide 17: On course to meet 2025 guidance
Conclusions On course to meet 2025 guidance and presenting initial 2026 targets Initial 2025 targets 2026 targets Low single digit Mid-single digits Loan Growth growth Macro Expectations c. 4% for 2026 NIM c. 4% High Single Digit Mid to High Single Non-NII Digit growth GDP c. 2% growth UF variation
Slide 18: Santander &
& Santander
Slide 19: Agenda
Agenda 1| Macro environment 2| Strategy 3| Balance sheet and results 4| Conclusions 5| Annexes
Slide 20: Strong results growth while volumes remain stable
Balance sheet and results Strong results growth while volumes remain stable Total loans by product Ch$ billion 9M25 YoY QoQ Income statement Consumer 5,902 2.9% 0.1% Auto loans1 1,069 4.8% 1.9% 9M25 YoY Ch$ bn Credit cards 1,938 8.2% (2.3%) Net interest income 1,512 16.6% Installment loans 2,895 (1.
Slide 21: Asset quality showing some seasonality in September
Balance sheet and results Asset quality showing some seasonality in September Mortgage loans Ch$bn (%) Commercial loans Consumer loans NPL ratio1 NPLs NPL Ratio NPL ratio1 NPL ratio1 Coverage3 40% Coverage3 131% Coverage3 352% 2000 2.7% 2.7% 2.9% 3.5% 2000 4.1% 4.1% 4.0% 5.0%2000 4.0% 1800 2.4% 2.6%
Slide 22: Solid balance structure and liquidity levels
Balance sheet and results Solid balance structure and liquidity levels Structural balance sheet US$bn, Sept 2025 Consumer 6.1 Balance Sheet sensitivities Demand Deposits 13.6 Inflation: Commercial 18.3 • +100bp in inflation = +15 bp of NIM app. • Approx 57% of loans are linked to inflation. Time Dep
Slide 23: A diversified and universal bank
Balance sheet and results A diversified and universal bank Composition of our loan book %, September 2025 100% Interbank loans; 0.1% Social services and other communal services; 27.7% Consumer; 14.4% Trade ; 20.6% 90% Real estate services; 13.5% 80% Agriculture, livestock, fishing, forestry, etc.; 8
Slide 24: Annexes
Annexes Sept-25 Dec-24 Sept-25/Dec-24 Assets Ch$ Million % Chg. Cash and deposits in banks 1,983,033 2,695,560 (26.4%) Cash items in process of collection 1,973,045 572,552 244.6% 11,076,950 12,639,097 (12.4%) Financial assets for trading at fair value through earnings Financial derivative contracts
Slide 25: Annexes
Annexes Sept-25 Dec-24 Sept-25/Dec-24 LIABILITIES Ch$ Million % Chg. Cash items in process of being cleared 1,887,589 497,110 279.7% Financial liabilities for trading at fair value through earnings 9,977,817 12,155,024 (17.9%) Financial derivative contracts 9,977,817 12,155,024 (17.9%) Financial der
Slide 26: Annexes
Annexes Sept-25 Sept-24 Sept-25/Sept-24 Ch$ Million % Chg. Interest income 2,549,147 2,748,040 (7.2%) Interest expense (1,255,475) (1,666,789) (24.7%) Net interest income 1,.293,672 1,081,252 19.6% Readjustment income 304,514 320,227 (4.9%) Readjustment expense (85,699) (103,898) (17.5%) Net readjus
Slide 27: Annexes
Annexes 3Q25 2Q25 3Q24 3Q25/3Q24 3Q25/2Q25 Ch$ Million % Chg. Interest income 857,429 853,701 884,368 (3.0%) 0.4% Interest expense (422,901) (418,395) (477,843) (11.5%) 1.1% Net interest income 434,528 435,306 406,526 6.9% (0.2%) Readjustment income 44,817 127,813 109,420 (59.0%) (64.9%) Readjustmen
Slide 28: Annexes
Annexes \Non-Performing Losns (NPis)* 1,250,929 qanar 1.314331 1.220830 1,257,571 Past due loans (more than 90 days)” 613851 640,821 658,099 613,698 664,852 Provisions (1,199,372) | (1,214,346) (1,312,668) (1,296,712) | (1,315,955) Impaired total loans, 67% 67% 6% 68% 6a% NP Lsftotal lon 31% 3.2% 32
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