Slide 1: IFS Investor presentation
IFS Investor presentation May 20 26
Slide 2: IFS at a glance
IFS at a glance 1
Slide 3: Leading financial platform
Leading financial platform Financial highlights Leading indicators As of March 31, 2026 S/ mn | US$ mn Assets 102,288 | 29,300 ~ 19% MS consumer loans ~ 11% MS commercial loans ~ 14% MS retail deposits Gross loans 53,442 | 15,309 Deposits 57,247 | 16,398 ISG investments 14,748 | 4,225 84 % Retail di
Slide 4: Our strategy
Our strategy Growth To become a leading digital player with profitable growth Customer To build primary relationships Centricity offering the best digital experience Focus To grow with focus on key businesses 3
Slide 5: Strategic focus on key businesses
Strategic focus on key businesses Banking Insurance Wealth management Universal bank with distinctive focus Insurance company focused Advisory firm for the on a balanced portfolio on life & annuities emerging wealthy ~14% ms total loans +30% ms annuities (1) +13 YoY AUM & deposits Others 3% Interfon
Slide 6: IFS is part of the Intercorp Group
IFS is part of the Intercorp Group Financials Retail Education Health Entertainment Corporate services 5
Slide 7: Key investment highlights
Key investment highlights 1 Peruvian economy among the strongest in the region 2 Consistent growth boosted by new opportunities 3 Resilient financial performance 4 Focus on primary relationships through our payment’s ecosystem 5 Powerful digital platform, driven by constant innovation 6
Slide 8: Peruvian economy among the strongest in the region
Peruvian economy among the strongest in the region 7
Slide 9: Peru at a glance
Peru at a glance PBI 2026E Domestic demand Main export 2026E products 3.2% 5.8% Copper Gold Agro 32% 20% 14% Debt to GDP Risk Rating Net international Loans to GDP 2026E reserves to GDP S&P BBB - 31% Moody’s Fitch Baa1 BBB 28% 33% 8
Slide 10: Peru is well positioned compared to LATAM peers
Peru is well positioned compared to LATAM peers Expected GDP 2026 growth (%) Latam 2026E Avg . inflation 2021 -2025 (%)* 2.3% As of Apr26 4.0% 4.0% 4.4% 4.5% 5.7% 3.2% 2.4% 2.3% 6.3% 1.9% 5.9% 1.6% 4.8% 5.0% 3.6% Peru Chile Brazil Mexico Colombia Peru Chile Brazil Mexico Colombia Exchange rate evolu
Slide 11: Stable economic indicators…
Stable economic indicators… GDP growth YoY (%) 1Q26 (1): Interest rates (%) 3.6% 13.4% 4.75 4.50 2.8% 3.5% 3.4% 3.2% 4.25 4.25 4.25 2.2% 4.50 -0.4% -10.9% 3.75 3.75 Mar25 Jun25 Sep25 Dec25 Apr -26 Mar26 2019 2020 2021 2022 2023 2024 2025 2026E PEN reference rate (BCRP) USD reference rate (FED) Inter
Slide 12: …amid rising uncertainty
…amid rising uncertainty Confidence index FEN probability Outlook (Jul -Sep , %) 51 47 49 63 61 43 59 60 Apr26 57 21 50 47 45 47 47 47 2 2 Apr26 1Q25 2Q25 3Q25 4Q25 1Q26 Ene-26 Apr-26 Consumer Confidence Index (Apoyo) Business Confidence Index (BCRP) Neutral/Weak Moderate Strong/Extraordinary PEN/US
Slide 13: Consistent growth boosted by new opportunities
Consistent growth boosted by new opportunities 12
Slide 14: Opportunity: underpenetrated and profitable financial system in LATAM
Opportunity: underpenetrated and profitable financial system in LATAM Loans penetration Formal savings (Loans to GDP) (% of adult population ) 88% 39% 31% 25% 33% 42% 42% 17% 21% Peru Chile Brazil Mexico Colombia Peru Brazil Mexico Colombia Account ownership rate Insurance premiums penetration (% of
Slide 15: Interbank becomes the third-largest player in Peru's banking sector
Interbank becomes the third -largest player in Peru’s banking sector MS total assets #3 12.7% 13.5% 13.4% #1 Payroll deductible loans (1) #3 Dec-19 Mar-25 Mar-26 Consumer loans #3 MS t otal loans #2 13.9% 13.6% 12.6% Sales finance Dec-19 Mar-25 Mar-26 (*) Source : SBS (1) Among private banks 14
Slide 16: Loan growth strategy
Loan growth strategy Small businesses 4% Double -digit Consumer loans 19% growth Market share Mid-sized companies 11% Outperform Mortgages 16% market Market share Large corporates 13% Focus on Payroll loans 19% profitability Market share 15 15
Slide 17: Consistent growth across products and segments
Consistent growth across products and segments Performing loan book (S/ bn) Higher yielding loans (S/ bn) YoY High -yielding portfolio QoQ YoY (1) 48.7 49.7 +5.6% | 6.9% +2% +9% 47.1 10.6 10.8 (1) +5% | +7% 9.9 44% 45% +12% +29% 45% 1.7 1.9 1.4 3% 4% +29% 3% 23% 23% +8% 22% +0% +5% 8.5 8.9 8.9 18% 1
Slide 18: Resilience in consumer loans, gradual recovery ahead
Resilience in consumer loans, gradual recovery ahead Consumer loans (S/ bn) COVID -19 2023 : 2025: Recovery Year +5.0% Social unrest and Yaku (1) YoY, and +2.3% QoQ Food Domestic GDP: inflation : demand : -0.6% 11% -2.3% 4Q25: Pension 3Q24: Pension fund withdrawals fund withdrawals 10.4 10.8 10.6 9.
Slide 19: Focused on enhancing our funding mix
Focused on enhancing our funding mix Interbank total deposits (S/ bn) MS total deposits MS retail deposits 13.3% 13.5% 14.5% 13.0% 14.4% Low -cost 35% 40% 40% funding (*) 13.5% 53.7 54.5 50.7 Dic-19 Dec -19 Mar-25 Mar-26 Dic-19 Dec -19 Mar-25 Mar-26 49% 47% 55% Float from IZIPAY (S/ mn) Financial st
Slide 20: Insurance strengthen its position in key segments
Insurance strengthen its position in key segments MS private annuities (%) MS annuities (%) #1 #1 18.6% 19.6% 22.4% Dec-19 Mar-25 Mar-26 30.5% MS individual life (%) 28.9% 28.1% #3 15.7% 16.2% 10.3% Dec-19 Mar-25 Mar-26 Dec-19 Mar-25 Mar-26 19
Slide 21: Resilient financial performance
Resilient financial performance 20
Slide 22: Improvement in risk-adjusted profitability
Improvement in risk -adjusted profitability Banking – Interest -earning assets (S/ bn) NIM evolution 75.8 78.4 16% 17% 52.4 17% 17% 10.8% 11% 19% 9.9% 9.6% 67% 66% 70% 4Q19 4Q25 1Q26 Loans Cash and due from banks Financial Investments 5.4% 5.3% 5.2% Funding breakdown (S/ bn) 4.2% 4.3% 4.0% 64.7 66.7
Slide 23: Disciplined risk management culture
Disciplined risk management culture System IBK PDLs vs system IBK Cost of risk (%) FY19 Retail : 4.1% 3.4% 3.3% 2.9% Commercial : 0.0% Retail Total: 2.2% 3.0% 3.0% 2.5% 4.1% 4.2% 1.7% 2.1% 1.6% 4.0% Commercial 3.7% 3.0% 4.2% 3.3% 2.6% 2.7% 2.3% Total 2.8% 2.70% 3.0% 3.7% 3.0% 2.5% Dec -19 Mar -25 Ma
Slide 24: +13% YoY in AUM sustains fee income performance
No Image +13% YoY in AUM sustains fee income performance Assets under management Fee income evolution (US$ bn) +13% YoY (S/ mn) +9 % YoY +2% QoQ Flat QoQ 9.3 9.5 8.4 0.9 50 50 0.8 0.9 46 2.8 2.8 2.3 5.1 5.5 5.6 1Q25 4Q25 1Q26 1Q25 4Q25 1Q26 Inteligo Bank Interfondos Deposits Others 23 23 (*) Others
Slide 25: +15% YoY in long-term insurance
+15% YoY in long -term insurance Long - term insurance (S/ mn) Short -term insurance (S/mn) +8% YoY (CSM stock by business unit) +15% YoY (Insurance PAA net premiums ) +3% QoQ +2% QoQ 130 133 123 1,104 1,086 170 154 956 150 1Q25 4Q25 1Q26 566 578 494 Results from investments (S/mn) +47% YoY ROI 6.2%
Slide 26: Sustaining best-in-class efficiency while accelerating IT investment
Sustaining best -in-class efficiency while accelerating double -digit IT investment IFS expenses (S/ mn) IFS expenses breakdown (S/ mn) C/I 35.4% 37.2% 36.6% YoY +19% +15% +11% +13% 826 838 27 838 739 39 33 739 1Q25 Technology Personnel Others 1Q26 1Q25 4Q25 1Q26 1Q25 Technology Personnel Others 1Q2
Slide 27: Earnings resilience throughout the credit cycle
Earnings resilience throughout the credit cycle ROE % 18% 18% 5% 20% 19% 11% 12% 17% Net income (S/. mn) 1,943 1,800 1,678 1,450 1,307 1,091 1,079 384 2018 2019 2020 2021 2022 2023 2024 2025 Dividend per Share (US$) 1.75 1.75 0.77 1.75 1.18 1.00 1.00 1.80 Payout Ratio 61% 46% 85% 45% 31% 40% 32% 37%
Slide 28: Sound capitalization levels
Sound capitalization levels Banking Insurance TCR CETI ratio 135.9% 120.4% 127.4% Banking 100% System 17.0% 18.1% 18.5%* 13.1% 14.3% 14.6%* Reg. min. 17.2% 16.0% 15.5% 1Q25 4Q25 1Q26 12.5% 11.6% 11.7% 13.6% Reg. min. Wealth management 8.4% Reg. min. 21.7% 22.3% 19.3% 12% Reg. min. 1Q25 4Q25 1Q26 1Q2
Slide 29: Focus on primary relationships through our payment's ecosystem
Focus on primary relationships through our payment’s ecosystem 28
Slide 30: Creating stronger primary banking relationships by delivering a top digital experience
Creating stronger primary banking relationships by delivering a top digital experience Digital customers Retail Commercial +14% (% of digital customers ) YoY retail primary 82 84 72 75 banking customers Mar25 Mar26 Mar25 Mar26 IBK Plin transactions (mn) (1) +49 % NPS Retail NPS Commercial YoY PLIN (
Slide 31: Our payments ecosystem as a key driver of low-cost funding
Our payments Individuals ecosystem as a key driver of low -cost 84 % + 49 % funding Digital retail customers YoY Plin transactions Small business Businesses + 40 % YoY Small + 16%Izipay flows to businesses deposits IBK accounts 30 31
Slide 32: Driving innovation with a powerful digital platform
Driving innovation with a powerful digital platform 31
Slide 33: Full-scale digital platform to address our customers' digital needs
Payments Full-scale digital Plin platform to Savings SME Banking APP address our 100% Piggy My finances bank customers ’ digital account Insurance needs SOAT digital Lending TC 360° Digital financing Life insurance Line BNPL management Marketplace Cuenta Sueldo Investments Marketplace Inteligo SAB E
Slide 34: Customer base growth continues across businesses
Customer base growth continues across businesses Banking (mn) Wealth management – +6% YoY customers (th) +9% YoY 85 93 5.5 5.8 Mar-25 Mar-26 Mar-25 Mar-26 Insurance – customers (mn) +1% YoY ~7 mn Unique clients IFS 3.2 3.3 Mar-25 Mar-26 33 (1) New methodology
Slide 35: Digital capabilities drive our banking business forward
Digital capabilities drive our banking business forward Digital clients (%) Digital self service (%) Clients (mn) +40% 4.0 5.6 vs Dec19 8 4 % 74 % Plin transactions (mn) +5.8x 2019 Mar-26 vs 1Q23 Branches -45 % vs Dec19 146 255 139 22 2019 2025 1Q23 1Q25 34
Slide 36: Growing digital engagement across insurance & WM
Growing digital engagement across insurance & WM Interseguro direct digital sales Interseguro digital self -service (Collected premiums – s/mn) (% of total client interaction ) +25% YoY 35 69% 70% 28 1Q25 1Q26 1Q25 1Q26 Interfondos digital transactions Interfondos digital users (% of digital transac
Slide 37: Key takeaways
36 Key takeaways 36
Slide 38: Takeaways
Takeaways 1 Peruvian economy among the strongest in the region 2 Consistent growth boosted by new opportunities 3 Resilient financial performance 4 Focus on primary relationships through our payment’s ecosystem 5 Powerful digital platform, driven by constant innovation 37
Slide 39: Appendix
Appendix 38
Slide 40: Diversified financial platform
Diversified financial platform Net Income by segment (S/. bn) Banking Insurance Wealth management % of 14% 3% 10% 12% IFS 85% 79% 77% 76% 9% 27% 15% 14% 231 292 275 200 1,475 1,229 202 137 1,007 856 130 36 2019 2023 2024 2025 2019 2023 2024 2025 2019 2023 2024 2025 ROE 21% 11% 12% 16% 15% 73% 42% 39
Slide 41: Quarterly ROE to >19%
Banking +35% YoY earnings drive ROE 15.5% 343 16.1% 403 19.5% 495 +44% YoY +23% QoQ quarterly ROE to > 19% 1Q25 4Q25 1Q26 Insurance IFS quarterly net profit (S/ mn) ROE 58.3% 32.5% 43.3% ROE 16.3% 15.1% 19.4% 92 105 +14% YoY 63 +66% QoQ 602 446 461 1Q25 4Q25 4Q25 Wealth management ROE 14.2% 8.9% 22.
Slide 42: YoY increase in revenues
Banking +10 % NIM IBK 5.2% 1,314 5.3% 1,371 5.2% 1,423 +8% YoY YoY increase +4% QoQ in revenues 1Q25 4Q25 1Q26 Insurance IFS revenues (S/ mn) 526 612 622 NIM IFS 5.1% 5.0% 5.1% +18% YoY +2% QoQ 2,110 2,180 1,976 1Q25 4Q25 1Q26 Wealth management 114 85 76 +34% YoY 1Q25 4Q25 1Q26 +50% QoQ +3% QoQ |+10
Slide 43: Quarterly performance continues positive evolution
Quarterly performance continues positive evolution 20.7% 850 19.4% 18.2% 750 16.3% 18.0% 15.1% 15.6% 602 15.1% 650 63 11.2% 13.0% 550 580 490 456 461 105 446 450 72 117 52 24 390 37 63 8.0% 5.6% 38 33 76 92 81 350 286 67 250 79 3.0% 495 141 401 403 150 26 348 343 328 299 -2.0% 140 221 50 -50 -7.0% 1
Slide 44: NIM and risk-adjusted NIM evolution
NIM and risk-adjusted NIM evolution 11.2% 10.9% 10.8% 10.6% 10.5% 10.3% 9.9% 9.9% 10.0% 9.9% 9.4% 9.6% 9.0% 7.9% 6.2% 5.6% 5.3% 5.5% 5.2% 5.3% 5.3% 5.2% 5.3% 4.9% 4.7% 5.2% 5.1% 5.2% 3.6% 2019 risk- 4.1% 4.0% 4.3% 3.5% 3.3% 4.0% 4.2% 4.0% 3.4% 3.8% adjusted NIM 4.6% 3.7% 3.5% 3.2% 4.0% 3.2% 3.2% 4.0
Slide 45: Continued improvement in funding mix
Continued improvement in funding mix Low -cost funding (%) (1) Low -cost funding (S/bn) YoY 40.1% 26.4 +20.0% 22.0 +3.6% 1.7 -8.0 % 35.3% 1.8 8.9 +26.9% 7.0 15.2 12.5 +21.1% 1Q25 1Q26 1Q25 1Q26 Retail Commercial Institutional Other 1) Low cost funding as a % of total funding . Low -cost funding incl
Slide 46: Loan growth evolution
Loan growth evolution (S/ mn) 5 year CAGR +8 % 48,681 49,718 46,921 44,049 41,525 17% 18% 18% 36,794 16% 34,964 15% 33,276 15% 27% 15% 26% 15% 26% 27% 27% 28% 28% 29% 22% 22% 23% 23% 22% 20% 23% 23% 11% 12% 11% 11% 12% 12% 12% 13% 22% 23% 22% 18% 18% 17% 18% 20% 2019 2020 2021 2022 2023 2024 2025 Ma
Slide 47: IFS: a world-class company
IFS: a world -class company IFS customers 7 mn +8 k employees Soluciones digitales 46
Slide 48: ESG
Sustainability as part of our strategic pillars, positively impacting our stakeholders ESG Foster respect Responsible for the environment social practices Sustainability culture 78 CSA Score 2025 Reinforce corporate governance, transparency and ethics Encourage inclusion, equality and diversity 47
Slide 49: Sustainability update
Sustainability update Environmental Social > 15.6 MN > 6,400 > 2,200 Peruvians accesed inclusive insurance +USD 500 Sustainable loans MN people reached through Global Money Week engaged through our first children’s financial through Rumbo & Vida Cash in 4Q25. >37% initiatives targeting youth, educat
Slide 50: Strong corporate governance
Strong corporate governance BOD with independent members Board of directors Strong corporate governance Highly supervised related party exposure , well below regulatory limits 4 Independent 6 Independent Governance in accordance with NYSE members members and SEC Participation in S&P Global Corporate
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