Banco Santander-chile · BCS:BSANTANDER
Banco Santander-chile — Q2 2025 Earnings Presentation
26 slides from Banco Santander-chile's earnings presentation, Aug 5, 2025
Slide 1: Banco Santander Chile
Banco Santander Chile August 5, 2025
Slide 2: Important information
Important information Banco Santander Chile caution that this presentation contains forwar kin within the meaning of the US Private Securities Litigation Reform Act of 1995. These forward looking statements are found in various places throughout this presentation and include, without limitation, sta
Slide 3: Balance sheet and results
2| Balance sheet and results 3| Conclusions 4| Annexes
Slide 4: Macro environment
Macro environment Macro view GDP growth Annual growth % 11.3% 2.6% 2.1% 0.2% 2.1% 6.1% 2020 = =2021 2022. = 2023-2024 = 2025(f) 2026(f) Monetary Policy Rate %, eop 8.25% 4.00% 00% 4.50% ue 2020 = =2021 2022. = 2023S 2024 = 2025(F) 2026(f) Source: Central Bank of Chile and Santander estimates Inflati
Slide 5: Update on proposed and approved regulations
Macro environment Update on proposed and approved regulations Proposed exemptions for most SMEs from the First Category Tax, and benefits for the middle Tax reform class. The estimated cost is US$1 billion annually, which will be offset by increases in personal income tax rates for higher brackets.
Slide 6: Macro environment
1| Macro environment 3| Conclusions 4| Annexes
Slide 7: Progress and achievements in 2025
Progress and achievements in 2025 Gravity First major retail bank in Chile to migrate mainframe servers to the Cloud Santander en tu comuna Efficient transactional hubs near local municipal offices [Pe Through the Getnet Smart PoS, merchants can offer cell phone top- ups, transport card top-ups and
Slide 8: Strong ROAE of 25.1% YTD
Balance sheet and results Strong ROAE of 25.1% YTD 6M24 YTD net income attributable to shareholders Ch$ million | — pe 6M24 Quarterly ROAE % 20.7% a3.1m% 200% 25.7% 24.5% 2Q24 3024 4024 1025 2025 Q P F Ch$ million | io 276,514 277,797 272,558 217,724 243,133 2024 3024 4024 1025 2025 Net income at hi
Slide 9: Rapidly monetizing expansion of client base through digital accounts and transactionality
Balance sheet and results | Rapidly monetizing expansion of client base through digital accounts and transactionality 4.5 millionclients 2.3 million digital clients Ch$ billion 6M25 YoY QoQ (0) 5 9 % GP T% YoY ar 8% YoY Card fees 75.1 24.0% (0.1%) OF total clients are Acti igi 50.4 68.8% 7.2% tive c
Slide 10: NIM of 4.1% in 6M25 driven by improvements in cost of Funding
Balance sheet and results NIM of 4.1% in 6M25 driven by improvements in cost of Funding Increasing Ytd NIM! Net interest income (*) 0.5% : 4.1% Ch$ billion 6M25 YoY QoQ 0.6% — —— 0.1% -0.2% Net interest income 859 27.3% 2.7% 9 ae) | 3.1% — Net readjustment income 174 19.7% (5.8%) Net income from int
Slide 11: Best in class: Efficiency ratio 35.3% in 6M25, with recurrence of 62%
Balance sheet and results Best in class: Efficiency ratio 35.3% in 6M25, with recurrence of 62% Operating expenses _ Ch$ billion 6M25 YoY QoQ Efficiency! % Best in class (Santander); Personnel expenses 205.8 6.5% 18.8% 35.3% ; : Administrative expenses 205.5 11.1% (14.4%) SS Investment amortization
Slide 12: Asset quality: NPLs and impaired loans
2,000 3.1% 3.2% 3.2% 3.0% 3.5% 2.7% 3.0% 1,500 1,314 2.5% 1,251 1,311 1,230 1,079 2.0% 1,000 1.5% 500 1.0% 0.5% - 0.0% 2Q24 3Q24 4Q24 1Q25 2Q25 NPLs NPL ratio 5,000 6.7% 6.7% 6.9% 6.8% 8.0% 6.2% 4,000 6.0% 2,524 2,694 2,783 2,852 2,790 3,000 4.0% 2,000 1,000 2.0% - 0.0% 2Q24 3Q24 4Q24 1Q25 2Q25 Impa
Slide 13: Asset quality and cost of credit charts
2000 3.0% 2000 5.0%2000 4.0% 1800 1800 1800 1600 2.5% 1600 4.0%1600 1400 2.0% 1400 1400 3.0% 1200 1200 3.0%1200 1000 1.5% 1000 1000 2.0% 800 600 800 1.0% 2.0% 800 600 600 400 0.5% 400 1.0% 400 1.0% 200 200 200 0 0.0%0 0.0% 0 0.0% 3000 8.0% 3000 10.0% 3000 6.0% 2500 2500 8.0% 2500 2000 6.0% 2000 2000
Slide 14: CET1 ratio of 10.9%, creating 30bp of capital in last months
Balance sheet and results CET1 ratio of 10.9%, creating 30bp of capital in last 12 months Core capital & BIS ratio 17.4% 17.0% 12.63% ne Including AT1 andTier2 poo zenully 10.6% 10.9% Loaded min. requirement in2025' ° u Jun-24 Jun-25 mTier2 mATI Core capital Current Phase-in of Basel II! Dec-25 Mini
Slide 15: Macro environment
1| Macro environment 2| Balance sheet and results 4| Annexes
Slide 16: Conclusions
Conclusions 2025 Outlook: updating ROAE target for 2025 with better non-NIl prospects Initial Updated 2025 targets 2025 targets Loan Growth Mid single digit Low single digit growth growth Macro Expectations for NIM c.4% c. 4% 2025 Non-Nll Mid Single Digit High Single growth Digit growth GDP 2.1% _ U
Slide 17: Santander
& Santander
Slide 18: Macro environment
1| Macro environment 2| Balance sheet and results 3| Conclusions
Slide 19: Income statement
Balance sheet and results Income statement Ch$ mn 6M25 YoY Net interest income 1,033,547 26.0% Fees 296,693 13.2% Financial Trx 134,166 23.8% Provisions (286,765) 11.5% Operating expenses (517,468) 2.3% Netincome attributable 500,355 62.8% toshareholders Strong results growth while volumes remain st
Slide 20: Solid balance structure and liquidity levels
Balance sheet and results Solid balance structure and liquidity levels Structural balance sheet US$bn, June 2025 Consumer 6.3 Balance Sheet sensitivities Demand Deposits 14.1 Inflation: + — +100bp in inflation = +15 bp of NIM app. + Approx 58% of loans are linked to inflation. + UF Gap is managed th
Slide 21: A diversified and universal bank
Balance sheet and results A diversified and universal bank Composition of our loan book %, June 2025 100% Interbankctoans70.0% Consumer, 14.4% 90% 80% 70% ars Mo| 7% 50% 40% 30% 20% Co 9% 10% 0% Total loans Total commercial loans Social services and other communal services; 27.7% Trade ; 20.6% Real
Slide 22: Annexes
Annexes Assets Cash and deposits in banks Cash items in process of collection Financial assets for trading at fair value through earnings Financial derivative contracts Financial debt instruments Financial assets at fair value through other comprehensive income Financial debt instruments Other finan
Slide 23: Annexes
Annexes LIABILITIES Cash items in process of being cleared Financial liabilities for trading at fair value through earnings Financial derivative contracts Financial derivative contracts for hedge accounting Financial liabilities at amortized cost Deposits and other demand liabilities Time deposits a
Slide 24: Annexes
Annexes Interest income Interest expense Net interest income Readjustment income Readjustment expense Net readjustment income Fee and commissionincome Fee and commission expense Net fee and commission income Financial assets for trading at fair value through earnings Result fromderecognition of fina
Slide 25: Annexes
Annexes Interest income Interest expense Net interest income Readjustment income Readjustment expense Net readjustment income Fee and commission income Fee and commission expense Net fee and commission income Finncial assets not for trading at fair value through earnings Result fromderecognition of
Slide 26: Annexes
Annexes (chs mition) 2024 3024 4024 1025 2025 Asset quality: Impaired portfotio* 2523808 2,694,292 2,782,562 2,852,171 2,789,706 Non-Performing Loans (NPLs) © 1,079,179 1,250,929 4,311,374 1314331 1,229,830 Past. due loans (more than 90 ¢ays)” 576,686 613,851 640,821 659,099 613,698 Provisions (1,18
Banco Santander Chile — Q2 2025 Earnings Presentation on 6ix