Grupo Supervielle Sa Class B · BCBA:SUPV
Grupo Supervielle Sa Class B — Q1 2024 Earnings Presentation
48 slides from Grupo Supervielle Sa Class B's earnings presentation, May 23, 2024
Slide 1: May 2024
May 2024 IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
Slide 2: IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina 2
Slide 3: Contents
Contents IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina 3
Slide 4: IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina 4
Slide 5: Financial services
Financial services • • Household name and the oldest private franchise in the country. • The eighth largest Argentine private bank in terms of loans • • Grupo Supervielle listed in NYSE and BYMA since 2016 • Placing the customer at the center of all we do • Advancing on the implementation of a deep
Slide 6: Looking ahead: A Healthy Banking Industry Poised For a New Growth Era
Looking ahead: A Healthy Banking Industry Poised For a New Growth Era Low Indebtedness: Small & Macro & Political Transactional Companies & Healthy Asset . . Individuals ! Environment Financial System Quality * Regulatory relief, with punitive * 6.7% loans to GDP * NPL private banks: 1.4% regulation
Slide 7: Driving Profitable Growth: Disciplined Strategy Execution
Driving Profitable Growth: Disciplined Strategy Execution cruro and Well-Prepared to Leverage a Macro Recovery VALUE CREATION > DIGITAL TRANSFORMATION ACCELERATED SINCE 2020 NABLE SUSTA C\Al Enhancing Driving Productivity Revenue Growth Rightsizing Headcount and Consolidation of Business Bank branch
Slide 8: Connected
Connected • • • • SUPERVIELLE AGENTE DE NEGOCIACIÓN 8
Slide 9: Holding S.A. Agente de Valores
Holding S.A. Agente de Valores 9
Slide 10: 1Q24 Results
GRUPO a SUPERVIELLE 1Q24 Results SUPV Earnings conference call presentation May 23, 2024 10
Slide 11: 1Q-2024 performance
• 1Q-2024 • • • • performance • • • 1Q-2024 • • • • Business • Highlights • • • • • 11
Slide 12: Looking Ahead: Government committed to achieve fiscal surplus and introduce bold structural reforms
Looking Ahead: Government committed to achieve fiscal surplus aura. De and introduce bold structural reforms Addressing Government Argentina reached fiscal commercial debt surplus of +0.2% and unpaid i ACHIEVEMENTS Inflation decelerating asof Apr24_-——sdividends Sa public support faster than expecte
Slide 13: Gradual shift towards private-sector loans
GRUPO a | Gradual shift towards private-sector loans while reducing holdings in Seer cts Central Bank Securities as macro improves and loan demand rebounds Shift from Central Bank to Loan portfolio (Sang eo [% of Assets] Ik PA Looking Forward Central Bank Repos | 40% -7% 33% De iar 24 Lf Loans to H
Slide 14: Expanding market share with a focus on SMEs & Corporate loans
Expanding market share with a focus on SMEs & Corporate loans grupo De AA Portfolio OO Looking Forward v SMEs & Corporate Loan * 2024: the year for SMEs & Corporates with a focus on export value chains * Expand above retail portfolio growth First quarter 2024 Growth, in real Market share terms [Q0Q]
Slide 15: • • • • • • +2.4% +35% -14% -40% -18% -15%
• • • • • • +2.4% +35% -14% -40% -18% -15% 15
Slide 16: Commercial Portfolio 64% of total
Commercial Portfolio 64% of total Retail Portfolio 36% of total 16
Slide 17: Sharp decline in market interest rates resulted in drop in cost of funds
• Sharp decline in market interest rates resulted in a 744-bps drop in cost of funds • Unusually high yield in Investment portfolio, capturing the inflation peak in December 2023 and January 2024 17
Slide 18: Revenues and P&A Expenses
Revenues 1 P&A Expenses 2 1Q24 1Q24 Q oQ +2.6% Q oQ -19.4% YoY +127.9% YoY -1.4%
Slide 19: Robust Capitalization with the Tier 1 Ratio at 25% supports loan expansion
Robust Capitalization with the Tier 1 Ratio at 25% supports loan aura. De expansion 1Q 2024 EARNINGS E 7 F » Lower balance . TIER1 Profit capitalization * RWA growth oftax loss Lower expected losses KEY MESSAGE ou tifa cenvtonsents add back to capital arter 0.5% 0.7% 70.3% 21.0% Dec 23 Bank, Net Res
Slide 20: 2024 Perspectives: Sharp decline in inflation expected to ignite credit demand
2024 Perspectives: Sharp decline in inflation expected to ignite grupo > credit demand * Peso Loans anticipated to grow above inflation. Loans Recovery expected to begin in 2Q24 as inflation eases * Peso Deposits increasing slightly above =e D it inflation eposits sg P * US$ Deposits up in original
Slide 21: ESG Commitment & Goals
GRUPO a SUPERVIELLE ESG Commitment & Goals
Slide 22: ESG Strategy & Sustainable Growth
ESG Strategy & Sustainable Growth GRUPO a SUPERVIELLE OUR COMMITMENTS OUR FOCUS AREAS Z@ Sustainable growth—protection of the environment and pursuance of our business strategy in a socially responsible manner Z Good governance practices, diversity and inclusion are key factors Z Integration of ESG
Slide 23: Industry Outlook
GRUPO a SUPERVIELLE Industry Outlook 23
Slide 24: Financial Sector Loans continue to grow below inflation
Financial Sector Loans continue to grow below inflation Loans to Private Sector [AR$ Bill. in Nominal terms] +171.1% 1% (+27.9%) eS ( ) (+35,2%6) +25,2%) ose] INFLATION 1024 51.6% 8,834 11,057 13,848 18,723 23,951 YoY 287.9% 202: 3Q23 4Q23 Q2. IE Loans to Private Sector AR$ Loans [in AR$ Bn. in Orig
Slide 25: Financial Sector AR$ Deposits grew below inflation
Financial Sector AR$ Deposits grew below inflation impacted by negative Grupo J SUPERVIELLE interest rates in real terms, tight monetary policy and Bopreal issuance Private Sector Deposits f gt \ [AR$ Bill. in Nominal terms] +170.7% e8 INFLATION (+23.5%) (+26.4%) (+48.9%) (+16.4%) 1024 51.6% + 3 ) Y
Slide 26: Annex I: 1Q24 Supplementary Financial Information & ratios
GRUPO a SUPERVIELLE Annex I: 1924 Supplementary TIX | financial Information & ratios
Slide 27: Loan growth outperforms industry QoQ regaining bps in market share
| Loan growth outperforms industry QoQ regaining 60 bps in market crupo | De share; Corporate loan origination accelerated at quarter-end 1Q 2024 EARNINGS Total Lending [AR$ Mill]? +2.6% 100% 100% a eee 0.6% 1102,261 -15.6% > induct a oans fe) 75754200 sstlase P13,757_] 1Q23 4Q23 1Q24 4Q23 1Q24 “Loa
Slide 28: NPL sequential improvement
• NPL sequential improvement reflects: • Loan growth • the sale of delinquent retail loans, mainly open market 28
Slide 29: Others
▪ 83,710 14,457 ▪ 27,643 16,690 5,541 15,845 16,800 3,237 -135 5,486 5,359 ▪ 5,936 7,309 5,338 9,397 5,486 -884 6,524 1,425 ▪ 5,338 ▪ 48,624 Others 7.4% 29
Slide 30: AR$ deposits follow industry trend
l AR$ deposits follow industry trend; impacted by negative interest rates in real Grupo J terms and payment of Bopreal to address the importers’ commercial debt SUPERVIELLE Funding Evolution AR$ Deposits Breakdown [AR$ Mill.11) [%] wes 186% +4.4% 18.7% 2,424,748 2,982,623 2,857,666 + 3,093,650 _—-2,
Slide 31: Fee income down 16% QoQ with 52% inflation
| Fee income down 16% QoQ with 52% inflation cauro D> SUPERVIELLE 1Q 2024 EARNINGS Net Service Fee Income ex insurance [AR$ Mill.] Non financial services “6.4% 14.9% Asset Management Other bank fees 24,064.0 26,441.4 1OL Credit Cards Income From Insurance Activities [AR$ Mill.] -22.8% Deposit accoun
Slide 32: Higher LLPs in 4Q23 reflected update of ECL model
• Higher LLPs in 4Q23 reflected the update of the forward-looking ECL model, to incorporate a more challenging macroeconomic context 32
Slide 33: ROAE in real terms increased to 34% in 1Q24
ROAE in real terms increased to 34% in 1Q24 driven by strong NIM, lower crupo J LLPs and sustained cost controls SUPERVIELLE Profit Before Income Tax [AR$ Mill.] 46,467 72395.4 ails? 19,614 22,041 SEG 61,2037 35,369.7 70881 —— -46,108 28,245.4 sate -78,859 65542 106,146 1Q23 2Q23 3Q23 4Q23 1Q24 1023
Slide 34: Income Statement & Balance Sheet
La Income Statement & Balance Sheet aura. De In millions of Ps. stated in terms of the measuring unit current at the end of the reporting period 1Q24 4Q23 3Q23 2Q23 1Q23 QoQ YoY Net Interest Income 213,674 209,004 151,210 122,332 94,869 2.2% 125.2% NIFFI & Exchange Rate Differences 85,383 83,018 25,
Slide 35: Key Indicators
35 Key Indicators Profitability & eff GRUPO a SUPERVIELLE 1Q24 4Q23 3Q23 2Q23 1Q23 ROAE 33.8% 26.9% 18.5% 17.6% 2.0% ROAA 74% 5.3% 2.9% 2.7% 0.3% Net Interest Margin (NIM) 61.9% 62.2% 29.2% 26.6% 21.9% Net Fee Income Ratio 8.4% 9.9% 16.1% 16.5% 19.4% Cost / Assets 15.2% 18.6% 13.0% 14.4% 13.0% Effic
Slide 36: Key Indicators: Macro
36 Key Indicators Macro 1Q24 4Q23 3Q23 2Q23 1Q23 Retail Price Index (%) 51.6% 53.3% 34.8% 23.8% 217% Avg. Retail Price Index (%) 287.9% 2N.4% 138.3% 115.6% 104.3% UVA (var) 69.6% 37.2% 23.9% 25.0% 17.8% Pesos/US$ Exchange Rate 857.42 808.48 350.01 256.68 208.99 Badlar Interest Rate (eop) 70.9% 109.6
Slide 37: Annex II: SUPV Digital Transformation Agenda & KPIs Evolution
TTX GRUPO a SUPERVIELLE Annex ||: SUPV Digital Transformation Agenda & KPls Evolution
Slide 38: Advancing on Our Six Strategic Pillars to Drive ROE
GRUPO a SUPERVIELLE Advancing on Our Six Strategic Pillars to Drive ROE 01 03 05 02 04 fe} aA 58 Fifil CUSTOMER U , DIGITAL Ws EXPERIENCE ADOPTION oO O CUSTOMER EFFICIENCY ASSET ACQUISITION QUALITY 7lT \~N — 4 PEOPLE + Agile at Scale * Cultural Transformation [s} ee 0? 02 7 DIGITAL TRANSFORMATION OF
Slide 39: Digital Customers
Dec-2022 Dec-2023 4Q22 4Q23 Jan-2023 Dec-2023 Dec-2023 YoY Digital Customers Digital & Automatic # of Transfers Personal Loans [% Q2] # of QR Visits to Insurance Asset Management from 10% Code Branches sales January Payments 10X Through digital Dec 23 2023 Retail channels3 # of Utility Customers Amo
Slide 40: Scaling digital retail customer acquisition and further digitizing our customer base
| Scaling digital retail customer acquisition and further digitizing gure, Me our customer base J >. SUPERVIELLE Digital Customers [% of total customers] f a X3.0 +8.5% | | : / 880 52.0% = 205 2019 2020 2021 2022 dec 23 1) Digital Customers are customers using Online Banking, or Mobile app or the Se
Slide 41: Enhancing attractive cross-selling and customer engagement
Enhancing attractive cross-selling and customer engagement aura. De y SUPERVIELLE Asset management retail customers & AuM [customers & ar$bn] WERE) [ INVERSION RAPIDA - APP) } 112,810 26% e500 95,423 ; ; 16% 18% 18% 24 j oO — 7: Dec Dec Mar Jun Sep Dec Jun Sept Dec 2021 2022 2C 2023 ‘AuM [AR$ Bn.] —
Slide 42: Entrepreneurs & SMEs
Entrepreneurs Factoring & SMEs Dec-2023 Penetration 2022 2023 Renewal Insurance rate in Commercial Policies 2023 unsecured Dec-2023 Cross-Sell Overdraft Dec-2023 2022 2023 Market share 4Q22 4Q23 • • 42
Slide 43: Network right-sizing and accelerated efficiencies
Network right-sizing and accelerated efficiencies gure, Me > SUPERVIELLE Right-sizing branches while Headcount evolution enhancing CX [# branches] [# employees] f } I | "26% J 3,932 184 183 Dec-20 Dec21(1) Sep 22 Dec 22 Jul 23 Oct 2. Dec Dec Dec Dec Dec Mar Jun Sept Dec 2018 2019 2020 2021 2022 2023
Slide 44: App Downloads and Monthly Active Customers
Dec-2022 Dec-2023 App Downloads Dec-2022 Dec-2023 Monthly Active Customers Dec-2022 Dec-2023 Accounts 2022 2023 Brokerage fees / Brokerage Transaction total SUPV fee income fees 2022 2023 • • • 44
Slide 45: Annex III: Supplementary Industry Information
GRUPO a SUPERVIELLE Annex III Supplementary Industry Information
Slide 46: Regulatory Environment in Argentina
46 Regulatory Environment in Argentina GRUPO a SUPERVIELLE The following table provides a summary of the most relevant regulations currently in place. A more detailed description of regulations is also included hereunder, grouped by topic, to facilitate understanding. Regulati Descripti Limit Moneta
Slide 47: Regulatory Environment in Argentina [cont.]
Regulatory Environment in Argentina [cont.] sure ee The following table provides a summary of the most relevant regulations currently in place. A more detailed description of regulations is also included hereunder, grouped by topic, to facilitate understanding. Limit On March 9, 2023, the Central Ba
Slide 48: Thank You!
Thank You! IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina