Slide 1: Management presentation
Management presentation March 2024
Slide 2: Safe Harbor for Forward-Looking Statements
Safe Harbor for Forward-Looking Statements This corporate presentation contains “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1955. Other than statements of historical or current facts, all statements included in this presentation regarding IFS’ b
Slide 3: Interbank at a glance
Interbank at a glance 2
Slide 4: Leading bank in Peru with solid financial performance…
Leading bank in Peru with solid financial performance… Financial highlights Leading position in the Peruvian banking system(2) As of December 31, 2024 S/ mn | US$ mn Assets (1) 72,826 | 19,348 #3 #2 #1 Gross loans (1) 48,848 | 12,978 14.6% 21.0% 21.2% Market share in Market share in Market share in
Slide 5: …and cornerstone of IFS, a leading financial platform
…and cornerstone of IFS, a leading financial platform As of Dec24 S/mm | US$mm Three key businesses Assets Total assets1 95,378 | 25,339 Universal bank with focus Insurance company Advisory firm for the Gross NetLoans profit1 1,307 | 347 on a balanced portfolio focused on life & annuities emerging w
Slide 6: Intercorp Group: striving to make Peru the best place to raise a family
Intercorp Group: striving to make Peru the best place to raise a family in Latin America Entertainment Education Health Financial Corporate Services Management
Slide 7: Clear strategic vision
Clear strategic vision 1 Best bank Leading key segments with the best digital experience Profitable 2 growth Developing businesses to achieve a sustainable ROE through continuous innovation 3 Customer’s preference Being the primary bank for our customers with a world-class NPS, anticipating their ne
Slide 8: Key investment highlights
Key investment highlights 1 2 3 4 5 Peruvian Economy Balanced Robust capital Digital bank with Strong culture among the portfolio base ahead of distinctive and corporate strongest in the supporting Basel III leadership in Peru governance, with region growth and requirements clear focus on profitabil
Slide 9: Key investment highlights
Key investment highlights 1 2 3 4 5 Peruvian Economy Balanced Robust capital Digital bank with Strong culture among the portfolio base ahead of distinctive and corporate strongest in the supporting Basel III leadership in Peru governance, with region growth and requirements clear focus on profitabil
Slide 10: Peruvian economy rebounding and showing signs of recovery
Peruvian economy rebounding and showing signs of recovery Improved economic activity Stable unemployment Decreasing interest rates GDP growth YoY (%) Lima Metropolitana Reference rate (%) 2025(E) 3.5% 9.1 7.6 5.7 6.1 6.75 Mar25 3.6% 3.8% 3.7% 6.00 5.75 4.75% 2.2 5.25 1.4% 4.6 5.00 3.9 5.50 5.50 5.50
Slide 11: Key investment highlights
Key investment highlights 1 2 3 4 5 Peruvian Economy Balanced Robust capital Digital bank with Strong culture among the portfolio base ahead of distinctive and corporate strongest in the supporting Basel III leadership in Peru governance, with region growth and requirements clear focus on profitabil
Slide 12: Balanced portfolio
Balanced portfolio Interbank total loan breakdown Leading position in consumer loans – Market share (%)(1) Commercial Commercial Consumer Consumer 26.0% 35% 31% 21.0% 2023 44% 2024 18.4% S/ 46.8 S/ 48.8 48% 14.2% bn bn 22% 21% BCP Interbank BBVA Scotiabank Mortgages Mortgages Banking system total lo
Slide 13: Strong PDL ratios
Strong PDL ratios PDL ratio evolution (%) PDL ratio vs. peers (%) Interbank System Commercial loans Retail loans Total loans 4.3% BBVA 4.6% 2.4% 3.9% 3.7% BBVA BBVA 3.7% 3.0% BCP 3.8% 3.0% 3.6% BCP BCP Scotiabank Scotiabank 5.3% 2.9%Scotiabank 4.3% 3.0% 3.5% 2.6% 2.7% Interbank 2.0% 3.3% Interbank 2
Slide 14: Diversified funding base with strength in retail deposits
Diversified funding base with strength in retail deposits Significant deposits base A growing retail deposit-gathering franchise Bonds Other Demand Due to banks 7% 4% 11% 24% 11.5% 11.2% 11.1% 8.4% 38% Savings 82% Deposits 35% CAGR 2019-23 2023-2024 YoY Time Interbank System Solid loan to deposit ra
Slide 15: Improvement in low-cost funding, as transactional deposits continue to grow
Improvement in low-cost funding, as transactional deposits continue to grow Low cost funding breakdown (mn) 28% 33% 36% YoY CAGR vs 19’ 22,177 +16% +12% 19,154 2,227 +39% +17% 1,603 6,444 +23% +15% 12,466 5,240 1,022 Other 3,228 Institutional 11,635 12,847 +10% +11% Commercial 7,645 Retail 2019 2023
Slide 16: Stable NIM despite changes in loan mix
Stable NIM despite changes in loan mix Interest-earning assets (mn) Evolution of yield on assets (%) 70,068 64,290 65,815 14% 17% 50,160 18% 18% 16% NIM Yield on loans Cost of funds 20% 15% 11% 67% 68% 67% 69% 10.9% 10.4% 2019 2022 2023 2024 Cash and due from banks Investments Loans 9.1% Funding str
Slide 17: Continuous focus on efficiency
Continuous focus on efficiency Tight management of costs – Total expenses(2) Optimizing our distribution channels (Units) (S/ mn) 2019 Dec24 % Change 1,847 1,868 1,962 1,570 Financial stores 255 149 -42% 2019 2022 2023 2024 ATMs 1,598 1,747 +9% Focus on efficiency ratio 42.5% Correspondent 38.3% 39.
Slide 18: Quarterly net profit recovery
Quarterly net profit recovery Net profit (S/ mn) Quarterly net profit (S/ mn) ROE 22.0% 17.6% 12.4% 11.9% 8.2% 6.6% 8.7% 15.4% 16.5% +13% QoQ +2.2x YoY 1,222 1,172 341 304 901 934 164 155 125 2019 2022 2023 2024 4Q23 1Q24 2Q24 3Q24 4Q24 17
Slide 19: Key investment highlights
Key investment highlights 1 2 3 4 5 Peruvian Economy Balanced Robust capital Digital bank with Strong culture among the portfolio base ahead of distinctive and corporate strongest in the supporting Basel III leadership in Peru governance, with region growth and requirements clear focus on profitabil
Slide 20: Solid capitalization levels
Solid capitalization levels CET1 ratio Total capital ratio (TCR) Banking System 14.9% 14.4% 16.4% 17.4% TCR 12.5% 12.3% 15.9% 15.5% 15.9% 12.0% 11.8% 15.1% 11.2% regulatory minimum 6.5% regulatory minimum 2021 2022 2023 2024 2021 2022 2023 2024 19
Slide 21: Comfortable buffers ahead of Basel III requirements
Comfortable buffers ahead of Basel III requirements CET1 and regulatory requirements Total capital and regulatory requirements 12,3% 15,9% ~230bps capital surplus 14,2% ~390bps capital 13,6% surplus 1,2% 1,2% 0,5% 9,0% 0,5% 8,4% 0,5% 2,5% 1,9% 0,5% 2,5% 1,9% 1,5% 1,5% 10,0% 10,0% 4,5% 4,5% CET1 Dic2
Slide 22: Key investment highlights
Key investment highlights 1 2 3 4 5 Peruvian Economy Balanced Robust capital Digital bank with Strong culture among the portfolio base ahead of distinctive and corporate strongest in the supporting Basel III leadership in Peru governance, with region growth and requirements clear focus on profitabil
Slide 23: Positive trends in our digital indicators
Positive trends in our digital indicators Retail Commercial 82 73 75 69 72 69 68 62 Dic-23 Dic-24 Dic-23 Dic-24 Dic-23 Dic-24 Dic-23 Dic-24 Digital customers NPS (% of digital customers – Retail banking) (Points – Retail Banking) 69 80 62 74 Dic-23 Dic-24 Dic-23 Dic-24 Digital sales - Retail Digital
Slide 24: We are creating value and primary banking relationships with Plin
We are creating value and primary banking relationships with Plin +2.3x Primary vs non primary banking relationships KPIs YoY (Data as of Dec24) +1.8x 457.0 YoY 1.6x Cross 3x NPS 195.0 130.0 139.0 77.0 1.4x Deposit balance -97% Churn 4Q23 3Q24 4Q24 FY23 FY24 IBK Transactions (mn) (1) 23 (1) Sent tra
Slide 25: Continuous increase in float from Izipay
Continuous increase in float from Izipay 1.9 5.9 6.3 1.6 4.9 ∼39% +2.7x YoY YoY 0.7 4Q24 3Q24 4Q24 4Q23 3Q24 4Q24 Cash flow coming to IBK accounts (S/ bn) Volumes from micro merchants (S/ bn) +39% +63% YoY Increased float in YoY More float from merchants’ IBK accounts micro merchants 24
Slide 26: Key investment highlights
Key investment highlights 1 2 3 4 5 Peruvian Economy Balanced Robust capital Digital bank with Strong culture among the portfolio base ahead of distinctive and corporate strongest in the supporting Basel III leadership in Peru governance, with region growth and requirements clear focus on profitabil
Slide 27: Strong corporate governance
Strong corporate governance Board of directors BOD with majority of independent members Carlos Rodríguez-Pastor Fernando Zavala Chairman Director Interbank: 6 out of 10 Ramón Barúa Felipe Morris Director Director Strong corporate governance Marcia Nogueira De Mello Cayetana Aljovín Independent Direc
Slide 28: Sustainability update
Sustainability update Environmental IFS CSA results 2024 • First Climate Report disclosure • Sustainable loans for up to U$330 million • Climate-related risk analysis Social 69 CSA Score 2024 • Diversity and Inclusion programs (GoWomen Inspira, Sin Fronteras). YoY Corporate Sustainability • Human ri
Slide 29: Key investment highlights
Key investment highlights 1 2 3 4 5 Peruvian Economy Balanced Robust capital Digital bank with Strong culture among the portfolio base ahead of distinctive and corporate strongest in the supporting Basel III leadership in Peru governance, with region growth and requirements clear focus on profitabil
Slide 30: Definitions
Definitions Concept Definition Total revenues Gross financial margin + fee income from financial services, net + gain on financial transactions Efficiency ratio (Administrative expenses + Depreciation + amortization) / (total revenues) NIM (Annualized gross financial margin) / (Average interest-earn
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