Grupo Supervielle Sa Class B · BCBA:SUPV

Grupo Supervielle Sa Class B — Q2 2023 Earnings Presentation

40 slides from Grupo Supervielle Sa Class B's earnings presentation, Aug 24, 2023

  1. Slide 1: August 24, 2023

    August 24, 2023 IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina

  2. Slide 2: IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina

    ´ IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina 2

  3. Slide 3: 2Q-23 performance and 2023 priorities

    2Q-23 • • • • performance • • • 2023 Priorities • • • • • • • • 3 •

  4. Slide 4: Navigating a volatile macro environment

    Navigating a volatile macro environment aura. De Drop in FX reserves further Reference rate hike and official FX impacted by the drought in 2023 devaluation with pass-through to prices Flow from hil US$ ] FX, Inflation, Interest rate hil I h —onthly inflation ——Badlar interest rate —=Fx depreciation

  5. Slide 5: Macroeconomic outlook 2023 and 2024

    2023 Fiscal Structural balance Higher Reforms restrain inflation pressure Better 2024 export IMF: conditions Additional Fiscal driven by: disbursement adjustment improved Interest & discipline harvest rate hikes season; energy balance Fx Integral currency macroeconomic depreciation plan 5

  6. Slide 6: 2Q23 key results

    • • • • • • • • • +9.1% +2.4% -34.6% -8.7% -4.1% +2.3% -5.8% 6

  7. Slide 7: Assets and deposits performance

    ott seta Assets [AR$ Mill]” Fans epost i | Deposits [Mill, %] Effective ALM supported higher spread of short-term central bank gauro Pm securities portfolio leveraging 16% peso deposit expansion / 2Q 2023 EARNINGS \ ( } f 1) Industry AR$. (711.4% } | (711.9% } Deposits: +0.5% QoQ + {+9.7%}— 415.6% “

  8. Slide 8: Loan book performance reflects a prudent approach and soft demand

    Loan book performance reflects a prudent approach and soft demand in the current environment GRUPO a SUPERVIELLE 2Q 2023 EARNINGS Total Lending [AR$ Mill]” ” -24.7% 5.3% Industry Loans: 442,293 +1.2% QoQ 351,880 333,138 -12.8% YoY, 2Q22 1Q23 2Q23 = Loan portfolio ™ Off balance guarantees granted to

  9. Slide 9: NPL

    • NPL reflects: • the sale of a delinquent loan portfolio of the consumer segment, and • the upgrade of a corporate customer to Stage 2 9

  10. Slide 10: 2Q23 NIM at 26.6%, +470 bps QoQ

    | 2Q23 NIM at 26.6%, +470 bps QoQ and +780 bps YoY on the aur D back of higher spread on increased investment portfolio volumes 2Q 2023 EARNINGS Loan Portfolio & Investment Portfolio Yield 85.2% | Net Financial Margin & NIM Evolution AR$ Mill. - %] +19.4% +20.4% Interest rates hikes 40,559 40,239 48

  11. Slide 11: Revenues and expenses

    Revenues 1 EXPENSES Q oQ Q oQ Yo Y Yo Y 11

  12. Slide 12: Capitalization: Tier 1 ratio increased to 15.7%

    Capitalization: Tier 1 ratio increased 100 bps QoQ to 15.7%; Capital hedged against inflation and covered against peso devaluation KEY MESSAGE TIER 13.6% Jun 22 13.0% Dec 22 24% inflation in the quarter 14.7% Mar 23 Inflation Adjustment 2Q 2023 EARNINGS 0.5% 18% increase in RWA in Bank, Net Result R

  13. Slide 13: Our perspectives: heightened macro and political uncertainty

    Our perspectives: heightened macro & political uncertainty due to smuro, higher inflation and presidential elections PERSPECTIVES * At higher-than-expected inflation levels, Fee * Bulk of bank fees to individuals expected to reprice in line with inflation o o Loans Peso Loans anticipated to grow bel

  14. Slide 14: Thank You!

    Thank You! IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina

  15. Slide 15: Back-up

    Back-up IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina

  16. Slide 16: Contents

    GRUPO a | 2Q23 business highlights SUPERVIELLE = Pal | ic & Industry Outlook ©_© acroeconomic ndustry UUtloo Couteutt OF Supplementary financial Information e SUPV Digital Transformation Agenda & KPIs Evolution

  17. Slide 17: Contents

    | 2Q23 business highlights gure, = @, © . ay { sal) | Macroeconomic & Industry Outlook 17

  18. Slide 18: Financial Sector Loans

    . . La Financial Sector Loans aura. De Loans to Private Sector [AR$ Bill. in Nominal terms] | { +51.3% } | (a +88.9% t % (+115.1%) 298.2 e8 (114.1%) 243.4 (+65%] 2591 1970 (+83%) 213.3 INFLATION 92.2 2Q23 23.8% 2,474 om 5,856 (+11.2%) 6510 (+155%) 7,517 (+17.5%) 8,834 (+25.2%) | 11,061 YoY 115.6% Lo

  19. Slide 19: Financial Sector Deposits

    Financial Sector Deposits cruro > SUPERVIELLE Private Sector Deposits [AR$ Bill. in Nominal terms] {+89.4% } | f % \ +108.8% eS a (+39.8%) 805.9 547.5 {+5.3% ; INFLATION 425.4 428.0 [+279%] bo e090 z (+0.6%) —o— 2023 23.8% 3,936 . re) 13,036 (+17.0%)] 15,255 [+23.9%) 18,908 [+16.7%] 22,064 [+23.4%)]

  20. Slide 20: Contents

    | 2Q23 business highlights gure, Couteutt OF Supplementary financial Information 20

  21. Slide 21: Supervielle Assets Performance

    Supervielle Assets Performance Assets Evolution [AR$ Mill.] “11.4% (14.7%) (+5.6%) (10.4%) (+9.7% } 1,166,232 994,710 1,050,906 942,077 1,033,300 2Q22 3Q22 4Q22 1Q23 2Q23 Minimum Cash Reserve Requirements On Deposits [Mill, in Original Currency]? 2022, 3022, 4Q22,— 1023 2023 Cash 15,7605 18,6357 16,

  22. Slide 22: Personal & Business Commercial

    Personal & Business Commercial Personal & Business Retail 22

  23. Slide 23: Supervielle Deposits

    Supervielle Deposits sure ee AR$ Deposits Breakdown [%] Funding Evolution [AR$ Mill.]1) 15 46.4% 10.6% +10.3% 1,111,859 350 1,001,359 987,278 139,89 5037 36,460 41,552 AG Wholesale Fundin; 917,130 756,468 825,006 TERD 805,930 e Time Deposits Individuals and [NOOR Deposits ™ Other Fis & Subordinated

  24. Slide 24: Net Financial Income and NIM

    GRUPO a SUPERVIELLE Net Financial Income [NFI] & NIM Net Financial Income [AR$ Mill.] +19.4% +9.1% 48,446 40,559 SEE “N55 40,239 9,406.3 7,751.7 8,051.9 7,992.5 9,963.1 — — ez — a 63,6821 69,315.4 32,806.9 35,493.4 32,520.9 30,275.7 39,039.8 2Q22 3Q22 4Q22 1Q23 2Q23 1H22 1H23 NILC1) MI NIFFI & Excha

  25. Slide 25: Service Fee Income and Income from Insurance Activities

    GRUPO a Service Fee Income & Income from Insurance Activities GRUPO ie Net Service Fee Income (exc. Insurance) [AR$ Mill.] +7.9% +4.9% Other Non financial services TANNA 7,0633 7,195.9 7,679.6 8,058.9 Asset Management 1OL Income From Insurance Activities Credit Cards [AR$ Mill.] -13.7% -24.6%| Depos

  26. Slide 26: Evolution of Loan Loss Provisions

    | Shift away from consumer finance and growth in middle-market, gure, Me along with drop in earlier delinquency drive 25% decline in LLPs 2Q 2023 EARNINGS Evolution of Loan Loss Provisions [AR$ Mill. - %] (-51.6% | | (34.6%) | | ——1-24.8%|—— 53% 4.8% 4.3% 47% = oe 2022s Loan Loss Proving Net Cin ARS

  27. Slide 27: Banco Supervielle Loans - Risk Management

    Banco Supervielle Loans - Risk Management Loans breakdown by industry CC Collateralization Lune 23 -%] GRUPO a SUPERVIELLE AR$ Nominal 1Q23 2Q23 Change QoQ Business Sector Share Share 11,755 Families and individuals 45.8% 42.3% 6,476 Food & Beverages 71% 79% 4133 Agribusiness 6.4% 6.6% 1,447 Utiliti

  28. Slide 28: Expenses

    • • • • • • • +20.4% -1.2% -24.8% +12.6% +0.6% +15.9% +20.2% 28

  29. Slide 29: Consistent strategy execution drives swing in profitability

    Consistent strategy execution drives swing in profitability crupo | De Profit Before Income Tax [AR$ Mill.] 1,105.6 9,014.0 6,259 6,950 -4,428 1,042.5 aus ~4,700.4 5,206.3 -13,719 14,030 7,334.6 2022 3Q22 4Q22 1923 2023 1H22 1H23 ove, sips lok, 1023 sey) Wiezs pie Result from net monetary position —

  30. Slide 30: Income Statement & Balance Sheet

    Lal 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 2Q23 1Q23 4Q22 3Q22 2Q22 QoQ YoY Net Interest Income 39.039,8 30.275,7 32.520,9 35.4934 32.806,9 28,9% 19,0% NIFFI & Exchange Rate Differences 9.406,3 9.9

  31. Slide 31: Key Indicators

    | Key Indicators GRUPO a SUPERVIELLE 2Q23 1Q23 4Q22 3Q22 2Q22 ROAE 17,6% 2,0% -3,4% -2,7% -10,2% -_.. ROAA 27% 0,3% -0,5% -0,4% 14% .,. Net Interest Margin (NIM) 26,6% 219% 216% —-22,0% 18,8% _ Net FeeIncomeRatio 165% -19,4% +~=—»«-17,9% += 16,7% ~—=18,6% Cost / Assets 14,4% 13,0% 151% 13,5% 13,0% E

  32. Slide 32: Key Indicators

    32 Key Indicators 2Q23 1Q23 4Q22 3Q22 2Q22 Retail Price Index (%) 23,8% 217% 17,3% 22,0% 17,3% Avg. Retail Price Index (%) 115,6% 104,3% 94,8% 83,0% 64,0% UVA (var) 25,0% 17,8% 19,8% 19,9% 18,5% Pesos/US$ Exchange Rate 256,68 208,99 177,13 147,32 125,22 Badlar Interest Rate (eop) 92,3% 724% 69,4% 69

  33. Slide 33: Contents

    | 2Q23 business highlights gure, e SUPV Digital Transformation Agenda & KPIs Evolution 33

  34. Slide 34: Advancing on Our Six Strategic Pillars to Drive ROE

    34 GRUPO a SUPERVIELLE Advancing on Our Six Strategic Pillars to Drive ROE 01 03 05 02 04 ok os sos fille CUSTOMER U ¢ DIGITAL QWs EXPERIENCE ADOPTION CUSTOMER EFFICIENCY ASSET (2) O ACQUISITION QUALITY 7lT \~N — 4 PEOPLE + Agile at Scale * Cultural Transformation So 0? 02 4 DIGITAL TRANSFORMATION O

  35. Slide 35: Scaling Digital Retail Customer Acquisition

    | Scaling Digital Retail Customer Acquisition and Further Digitizing gure, Me Our Customer Base... J Y- N SUPERVIELLE Digital Customers Digital Customers [# thousands of digital customers] [% of total customers] {x34 } | { x3.0 } | 880 96 me 262 ail Z 30.0% 38.0% — 2019 2020 2021 2022 jun 23, 2020 2

  36. Slide 36: Driving cross-selling and engagement opportunities

    ... driving attractive cross-selling and engagement opportunities aura. De y SUPERVIELLE Asset management retail customers & AuM [customers & ar$bn] . Of [INVERSION RAPIDA- APP ) }) 64.500 48% ae 58 20,059 3.6 ° Py, 32 1oge2 | 125n men 91127 10,133 oO —oO— O— O— Dec Mar Jun Sep Dec Mar Jun Dec March

  37. Slide 37: Entrepreneurs & SMEs Penetration

    in all segments Dec-2022 1H-2023 Entrepreneurs & Insurance Policies Transactional Cross-sell SMEs Penetration Cross-Sell Penetration2) Mkt. Share Clients 37

  38. Slide 38: 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] -23% 3,932 184 183 5 165 165 " . 3,292 141 eRe 3,538 3320 Dec-20 Dec 21 (1) Sep 22 Dec 22 Jul 23 Dec Dec Sept Dec Jun Sept Dec — Jun 1) 8 B

  39. Slide 39: Digital transformation across subsidiaries

    | Digital transformation of our business across subsidiaries gure, Me IOL InvertirOnline: advancing on strategy to scale the business and further enhance the customer experience © invertironline Total Active Customers Assets Under Management [#] [AR$ MM] 223,841 221,190 97,141 136,890 124,680 134,88

  40. Slide 40: Thank You!

    Thank You! IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina

Grupo Supervielle — Q2 2023 Earnings Presentation on 6ix