Grupo Supervielle Sa Class B · BCBA:SUPV
Grupo Supervielle Sa Class B — Q3 2024 Earnings Presentation
34 slides from Grupo Supervielle Sa Class B's earnings presentation, Nov 26, 2024
Slide 1: November 26, 2024
November 26, 2024 IR-GrupoSupervielle@gruposupervielle.com.ar San Martín 344, C1004 Ciudad de Buenos Aires, Argentina
Slide 2: IR-GrupoSupervielle@gruposupervielle.com.ar San Martín 344, C1004 Ciudad de Buenos Aires, Argentina
IR-GrupoSupervielle@gruposupervielle.com.ar San Martín 344, C1004 2 Ciudad de Buenos Aires, Argentina
Slide 3: Business Highlights
• • • • • • • performance • • • • • • • • • • • Business • • Highlights • • • • • • • 3
Slide 4: Gustavo (Paco) Manriquez, CEO Banco Supervielle
GRUPO a SUPERVIELLE Gustavo (Paco) Manriquez CEO, Banco Supervielle
Slide 5: • • • • • • -29.4% -31.2% +25.0% -22.4% +1.8% -34.6%
• • • • • • -29.4% -31.2% +25.0% -22.4% +1.8% -34.6% 5
Slide 6: Retail and auto loans growth
• Retail loans +44% QoQ • Auto loans +103% QoQ 6
Slide 7: US$ deposits market share gains
72% • 80 bps YTD Market share 84% gains in US$ Deposits 28% 16% 7
Slide 8: Net Financial Income reflects lower inflation and AR$ yields
NFI reflects lower inflation and AR$ yields, partially offset by reduced funding costs Net Financial Income AR$ Interest Spread [%.] [AR$ Mill.] -29.4% NFI 235,471 227,985 160,988 Financial lncome —_™ Financial Expenses 755,063 400,793 310,240 519,592 172,809 3Q23 2Q24 3Q24 NIM [%] L J @ 8 \________
Slide 9: Capitalization with CET Ratio at 19.2% supports loan expansion
Capitalization with CET 1 Ratio at 19.2% supports loan expansion Jun 24 * Profit » RWA growth » Higher ila above inflation deductions on capitalization in the quarter deferred tax +0.6% -2.0% : 0.7% Bank, Net Result RWA Deductions GRUPO a SUPERVIELLE Sep 24
Slide 10: Looking Ahead: Government committed to curbing inflation
Looking Ahead: Government committed to curbing inflation, euro sustaining fiscal surplus and progressing with structural reforms SUPERVIELLE Approval Ley de Bases and Successful tax ousalis Reserves improved ACHIEVEMENTS amnesty +US$20 ee but remain negative | billion deposits Central Bank's) Sustai
Slide 11: 2024 Perspectives
2024 Perspectives: Sustained reduction in inflation and improving GRUPO a SUPERVIELLE economic activity, expected to drive higher credit demand * Peso Loans expected to grow between 70%- 80% in real terms * Retail loans regaining share of total loans Loans (S) Deposits * Peso Deposits increasing abo
Slide 12: Thank You!
Thank You! IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
Slide 13: Back-up
Back-up IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
Slide 14: Contents
| 3Q24 business highlights gue, Vs Paty | industry Perf ©_© ndustry rerrormance Couteutt Ge Supplementary financial Information
Slide 15: Contents
| 3Q24 business highlights gue, = @,® ay { aol ) Industry Performance 15
Slide 16: Inflation
INFLATION 3Q24 YoY Oct 24 YoY 16
Slide 17: Inflation
INFLATION 3Q24 YoY Oct 24 YoY 17
Slide 18: Contents
| 3Q24 business highlights gue, Couteutt Ge Supplementary financial Information 18
Slide 19: Gradual shift towards private-sector loans
Continued gradual shift towards private-sector loans, from Central rupo | De Bank and Treasury Notes Shift from Central Bank to Loan portfolio Cain > Tint e [% of Assets] — R= Central Bank Repos + Lecaps*+Short term CER Loans -28p.p. +16p.p. * Trend expected to continue in the coming quarters 40% 37
Slide 20: Pick-up in loan growth supported by retail loans
Pick-up in loan growth mainly supported by a 44% increase in retail loans Total Lending [AR$ Bn] ————_+35.5% ]——— +13.6% > Industry {414.7% 7 Loans [YoY] 9, Industry +26.1% Loans [QoQ] 3Q23 2Q24 3Q24 © @ US$ MM LOANS o 20 GRUPO a SUPERVIELLE 100% 100% 0.7% 0.5% 2024 3024 Corporate Personal & Busines
Slide 21: Commercial and Retail Portfolio
Commercial Retail Portfolio Portfolio 44% of total 56% of total 21
Slide 22: NPL ratio at historic low of 0.8%
22 NPL ratio at a historic low of 0.8% reflecting loan growth; Coverage ratio of 282% 9¢ NPL & Coverage NPL| Ratio [%] 302.9% 281.7% 182.8% mmm NPL —O Coverage ratio Note: NPL ratio includes off balance sheet guarantees granted to customers. GRUPO a SUPERVIELLE (ot f=] NPt Breakdown NPL Breakdown (a
Slide 23: Atomized and diversified loan portfolio
Atomized and diversified loan portfolio within Company portfolio cruro ee limits Loans breakdown by industry Collateralization %) [Sep 24-%] AR$ Nominal 3Q24 2Q24 Change QoQ Business Sector Share Share 269,661 Families and individuals 38.9% 31.0% A A 40,365 Agribusiness 8.9% 8.7% ou 24% * poreterali
Slide 24: Total deposits up 17% QoQ
Total deposits up 17% QoQ reflecting higher US$ deposits following the tax crupo J | amnesty while AR$ deposits remained stable SUPERVIELLE AR$ Deposits Breakdown PAs Deposit Breakdown NX +0.4% 2,707 1,967 1974 Wholesale Funding Time Deposits Individuals and Companies Savings Accounts Checking Accou
Slide 25: Peso yields came down with lower interest rates
| Peso yields came down driven by a lower interest rate environment cruro Loan Portfolio & Pea 99.2% O- 64.0% 75.1% 52.0% 61.3% ieee ©) 417% 3Q23 2Q24 3Q24 -O=Investment portfolio Yield —O=Loan portfolio Yield 25
Slide 26: Net Revenues and Expenses
Net Revenues 1 Expenses 2 3Q24 3Q24 Q oQ -19.5% Q oQ +1.8% YoY -26.0% YoY -7.9%
Slide 27: Fee income up 28% QoQ
RUPO a Fee income up 28% QoQ, driven by growth across all segments. Non-So¢fevieue bank fees at 35% of total fees. Insurance up 12% QoQ Non financial services Asset Management Other bank fees 10.4% Credit Cards at Deposit accounts Net Service Fee Income ex insurance [AR$ Mill.] +7.1% +27.8% Q2 2024
Slide 28: Lower loan loss provisions
• Lower LLPs from top-down analysis on certain economic sectors that improved following better macroeconomic environment • ECL models required lower provisions for the credit card portfolio due to the increase in market interest rates in August and September 28
Slide 29: ROAE in real terms of 5% in 3Q24
ROAE in real terms of 5% in 3Q24 and 16% in 9M24; maintain 15% target crupo J | for FY24 SUPERVIELLE 29,303 a 61,778 34,6451 a 3Q23 4Q23 1Q24 2Q24 3Q24 3023 4023 1024 2024 3024 = Result from net monetary position — rtributable Net Income ROAE ROAA [%] [%] Profit Before Income Tax 3Q23 4Q23 1Q24 2Q24
Slide 30: • • • • • • +30.0% +111.2% -1.5% -10.6% -8.4% +46.3%
• • • • • • +30.0% +111.2% -1.5% -10.6% -8.4% +46.3% 30
Slide 31: Income Statement & Balance Sheet
Income Statement & Balance Sheet SUPERVIELLE In millions of Ps. stated in terms of the measuring unit current at the end of the reporting period 3Q24 2Q24 1Q24 4Q23 3Q23 QoQ YoY Net Interest Income 137,747 187,444 284,079 277,870 201,033 -26.5% -31.5% NIFFI & Exchange Rate Differences 23,241 40,541
Slide 32: Key Indicators
| Key Indicators GRUPO a SUPERVIELLE 3Q24 2Q24 1Q24 4Q23 3Q23 ROAE 49% 10.4% 33.8% 26.9% 18.5% ROAA 1.0% 2.3% 74% 5.3% 2.9% Profitability Net Interest Margin (NIM) 24.8% 36.3% 61.9% 62.2% 29.2% & efficiency Net Fee Income Ratio 23:1% 14.5% 8.4% 9.9% 16.1% Cost / Assets 13.0% 14.3% 15.2% 18.6% 13.0%
Slide 33: Key Indicators
Key Indicators 3Q24 2Q24 1Q24 4Q23 3Q23 Retail Price Index (%) 121% 18.6% 51.6% 53.3% 34.8% Avg. Retail Price Index (%) 209.0% 271.5% 287.9% 211.4% 138.3% M UVA (var) 13.2% 32.6% 69.6% 37.2% 23.9% mero Pesos/US$ Exchange Rate 970.92 975 «85742 ~—S«808.48 ~—350.01 Badlar Interest Rate (eop) 39.8% 36.
Slide 34: Thank You!
Thank You! IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina