Bawag Group Ag · VIE:BG
Bawag — Bawag Group Ag Ord — Q3 2025 Earnings Presentation
25 slides from Bawag's earnings presentation, Oct 22, 2025
Slide 1: BAWAG Group Q3 2025 Results
BAWAG Group Q3 2025 Results October 22, 2025
Slide 2: Agenda
AGENDA 1 Q3 2025 HIGHLIGHTS & CAPITAL DEVELOPMENT 2 DETAILED FINANCIALS & OUTLOOK 3 SUPPLEMENTAL INFORMATION October 22, 2025 2
Slide 3: Highlights Q3 2025
HIGHLIGHTS Q3 2025 EARNINGS BALANCE SHEET & CAPITAL OUTLOOK Q3 '25: Average customer loans up 1% vPQ and average interest- 2025 financial targets expected to be exceeded: Net profit €219m, RoTCE of 27.8% and EPS of €2.77 bearing assets flat vPQ Net profit of > €800m Earnings per share > €10.0 Core r
Slide 4: Capital Development
CAPITAL DEVELOPMENT >110 basis points gross capital generation in Q3 '25 CAPITAL DEVELOPMENT HIGH CAPITAL-GENERATING BUSINESS Gross capital generation +114bps in Q3 … 94bps through earnings Mortgage SRT executed in Q3 '25 SHARE BUYBACK EXECUTED €175m share buyback executed during Q3 … 1.6m shares ca
Slide 5: Retail & SME
RETAIL & SME FINANCIAL PERFORMANCE CUSTOMER DEVELOPMENT € millions Q3 '25 vPY vPQ YTD '25 vPY € millions Q3 '25 vPY vPQ YTD '25 vPY Core revenues 479.8 63% 3% 1,378.2 55% Housing loans 26,645 82% —% 26,645 82% Net interest income 392.5 73% 3% 1,126.0 65% Consumer and SME 11,904 73% 4% 11,904 73% Net
Slide 6: Corporates, Real Estate & Public Sector
CORPORATES, REAL ESTATE & PUBLIC SECTOR FINANCIAL PERFORMANCE CUSTOMER DEVELOPMENT € millions Q3 '25 vPY vPQ YTD '25 vPY € millions Q3 '25 vPY vPQ YTD '25 vPY Core revenues 70.6 (3%) 2% 214.6 (6%) Corporates 2,726 (2%) 4% 2,726 (2%) Net interest income 63.6 (1%) 2% 193.1 (5%) Real Estate 5,039 2% 2%
Slide 7: Agenda
AGENDA 1 Q3 2025 HIGHLIGHTS & CAPITAL DEVELOPMENT 2 DETAILED FINANCIALS & OUTLOOK 3 SUPPLEMENTAL INFORMATION October 22, 2025 7
Slide 8: P&L & Key Ratios
P&L & KEY RATIOS P&L | € millions Q3 '25 vPY vPQ YTD '25 vPY Key ratios Q3 '25 vPY vPQ YTD '25 vPY Net interest income 460.0 48% 1% 1,363.4 45% RoCE 23.8% 3.4pts 0.3pts 22.9% 2.7pts Net commission income 94.0 22% 4% 273.3 20% RoTCE 27.8% 3.8pts 0.2pts 26.9% 2.9pts Core revenues 554.0 43% 1% 1,636.7
Slide 9: Balance Sheet
BALANCE SHEET Balance sheet | € millions Q3 '25 Q2 '25 vPQ vPY Capital & RWA | € millions Q3 '25 Q2 '25 vPQ vPY Total assets 71,522 72,760 (2%) 28% Common equity 3,724 3,636 2% 5% thereof Ø interest-bearing assets 56,229 55,983 —% 42% Tangible common equity 3,192 3,105 3% 6% Customer loans 49,855 49
Slide 10: Core Revenues
CORE REVENUES € millions Net interest margin Net commission income Net interest income (NII) up 1% vPQ … net interest margin (NIM) at 3.25% in Q3 '25 Net interest income • Customer loan growth +1% • Average 3-month Euribor flat vPQ • Deposit beta at ~38% … down (10)pts vPQ Net commission income (NCI
Slide 11: Operating Expenses
OPERATING EXPENSES € millions Operating expenses (excluding regulatory charges) CIR CIR at 36.1% in Q3 '25, down (1.4)pts vPQ • Integration of acquisitions progressing as planned … initial integration effects materializing after costs peaked in Q2 '25 • Continuously focused on absolute cost targets
Slide 12: Risk Costs
RISK COSTS € millions Risk costs Risk costs/average interest-bearing assets Q3 '25 risk costs €(52)m … risk cost ratio 37bps • Solid credit performance … NPL ratio of 0.8% Maintain safe & secure balance sheet • Focused on developed and mature markets … ~85% DACH/NL region & ~15% Western Europe / Uni
Slide 13: 2025 Outlook and Targets
2025 OUTLOOK AND TARGETS … on track to exceed targets P&L OUTLOOK Net interest income >€1,800m 2025 FINANCIAL TARGETS FY ’24: €1,312m Net profit >€800m Core revenues >€2,150m FY ’24: €760m FY ’24: €1,622m Earnings per share >€10.0 Operating expenses FY ’24: €9.60 ~€(800)m FY ’24: €(545)m 13.0% Capit
Slide 14: Agenda
AGENDA 1 Q3 2025 HIGHLIGHTS & CAPITAL DEVELOPMENT 2 DETAILED FINANCIALS & OUTLOOK 3 SUPPLEMENTAL INFORMATION October 22, 2025 14
Slide 15: Integrations of knab and Barclays Consumer Bank Europe Are Progressing Well
INTEGRATIONS OF KNAB AND BARCLAYS CONSUMER BANK EUROPE ARE PROGRESSING WELL FOCUS AREAS: WHERE WE ARE AT KNAB… WHERE WE ARE AT BARCLAYS … ✓ All TSAs exited, disentanglement now complete from ✓ Continuing exit of TSA in line with plan … 1/3 exited TRANSITIONAL SERVICE AGREEMENT seller (a.s.r.) o Rebr
Slide 16: Balance Sheet & Asset Quality
BALANCE SHEET & ASSET QUALITY Fortress balance sheet, disciplined underwriting, and long-term focus on risk-adjusted returns € billion 72 14 Customer-related exposure ~85% in DACH/NL region as well as ~80% secured and public sector assets NPL ratio of 0.8% reflecting strong asset quality 27 Customer
Slide 17: Financial Performance
FINANCIAL PERFORMANCE P&L | € millions Q3 '25 vPY vPQ YTD '25 vPY Balance Sheet & Capital | € millions Q3 '25 Q2 '25 vPQ vPY Core revenues 554.0 43% 1% 1,636.7 40% Total assets 71,522 72,760 (2%) 28% Net interest income 460.0 48% 1% 1,363.4 45% Cash 13,503 14,991 (10%) (11%) Net commission income 94
Slide 18: Retail & SME
RETAIL & SME RETAIL & SME OVERVIEW RETAIL & SME PRODUCTS Retail & SME assets, in € billion DEVELOPMENTS SME NPL ratio 1.7% 1.2% 1.0% 1.1% 1.2% • Dynamic credit management across markets Leasing & Factoring Overdrafts & Cards • Ensure stress-resilient customers with strong debt-service ratios and loa
Slide 19: Commercial Real Estate Lending
COMMERCIAL REAL ESTATE LENDING Total portfolio PORTFOLIO DEVELOPMENT UNDERWRITING PRINCIPLES € billions • Residential and Industrial / Logistics make up • Focus on risk-adjusted returns across all cycles, patient 78% of the total portfolio and 90% of US lending within risk appetite … no volume targe
Slide 20: Details on Reserves
DETAILS ON RESERVES IFRS 9 MIGRATION – CUSTOMER SEGMENT ASSETS NON-PERFORMING (STAGE 3) LOANS | in € millions Stage 3 Stage 2 Stage 1 Customer NPLs NPL Ratio 1.0% 0.8% 0.7% 0.7% 0.8% ECLs (STAGE 1&2), SPECIFIC RESERVES NPL Cash Coverage Ratio 45% 47% 48% 54% 57% (STAGE 3 including prudential filter)
Slide 21: Corporates, Real Estate & Public Sector
Corporates, Real Estate & Public Sector CORPORATES REAL ESTATE By industry By geography By underlying By geography €2.7b €2.7b €5.0b €5.0b • Strong overall credit quality driven by focus on consistent cash flows in non-cyclical industries • Resilient portfolio with low leverage profile (50% LTV) • A
Slide 22: Funding Overview
FUNDING OVERVIEW Customer funding (eop) … ~94% total funding € billion DEPOSITS • Retail & SME deposits €42.7b, thereof 77% insured by deposit guarantee scheme …. average deposit size of €16k • Corporates & Public Sector average deposits €4.5b … largest share in public sector, which are predominantl
Slide 23: Regulatory Capital
REGULATORY CAPITAL € billion Dividend CET1 capital (post dividend) CET1 ratio (post dividend) Capital distribution plans: • YTD ‘25 €346m dividend accrual based on dividend policy Capital ratios: • Share buyback of €175m completed during Q3 '25 • Tier1 Capital ratio 16.1% • Total Capital ratio 19.1%
Slide 24: Definitions
DEFINITIONS B/S leverage Loan to Value (LTV) Total assets/common equity (excluding earmarked dividend and buyback) IFRS book value including prior liens excluding NPLs / Market value of real estate collaterals Book value per share allocated excluding NPLs Common equity (excluding AT1 capital, divide
Slide 25: Important Disclaimer
IMPORTANT DISCLAIMER: This presentation is prepared solely for the purpose of providing general information about BAWAG Group, Wiedner Gürtel 11, 1100 Wien. The information does not constitute investment or other advice or any solicitation to participate in investment business. This presentation doe