Mediobanca - Banca Di Credito Finanziario S.p.a. · MIL:MB
Mediobanca - Banca Di Credito Finanziario — Mediobanca - Banca di Credito Finanziario — Q3 2025 Earnings Presentation
56 slides from Mediobanca - Banca Di Credito Finanziario's earnings presentation, May 9, 2025
Slide 1: Mediobanca 9M/3Q Results as at 31 March 2025
MEDIOBANCA 9M/3Q RESULTS AS AT 31 MARCH 2025 Milan, 9 May 2025 Not for release, publication or distribution, directly on indirectly, in whole or in part, in or into or from the United States of America, Australia, Canada, Japan, or any other jurisdiction where to do so constitute a violation of the
Slide 2: Agenda
Agenda Section 1. Executive summary Section 2. 3M/9M25 Group results Section 3. 3M/9M25 Divisional results Section 4. OPS on Banca Generali Annexes 1. Divisional tables Not for release, publication or distribution, directly on indirectly, in whole or in part, in or into or from the United States of
Slide 3: 9M Results: Mediobanca Confirms Growth Trajectory
9M RESULTS: MEDIOBANCA CONFIRMS GROWTH TRAJECTORY REVENUES UP 5% TO €2.8BN, NET PROFIT UP 5% TO €1BN, ROTE 14% Executive summary Section 1 Ongoing strong commercial activity in all businesses WM CIB CF €7bn NNM Avg. loan up by >€1bn €6.7bn new loans (9M, +42% YoY) (+8% YoY) (9M, +9% YoY) Revenues up
Slide 4: Solid Progression in 3Q
SOLID PROGRESSION IN 3Q AFTER RECORD RESULTS IN 2Q, IN CIB ESPECIALLY Executive summary Section 1 3Q Group revenues: >€0.9bn stable YoY, on diversified activity across divisions WM CIB CF INS €247m €226m €326m €106m up 6% YoY up 17% YoY up 7% YoY down 16% YoY stable QoQ ex perf. fees down 16% from r
Slide 5: WM – Positive Trajectory
WM – POSITIVE TRAJECTORY STRONG UNDERLYING TREND DESPITE UNCERTAINTIES Executive summary Section 1 Solid NNM (TFA) Material TFA growth €7.2bn €5.1bn TFA NNM up 42% YoY €108bn €97bn up €12bn YoY 9M25 9M24 AUM NNM up >3x YoY 9M25 9M24 up €1.4bn QoQ Ongoing recruitment Deposits up €0.7bn with CoF down
Slide 6: CIB: Valuable Business Trends
CIB: VALUABLE BUSINESS TRENDS EFFECTIVE FRANCHISE, ENHANCED FOOTPRINT AND BEST-EVER ASSET QUALITY Executive summary Section 1 3Q25 fee resilience at high level after record Highest-ever 9M revenues 2Q25 €677m €536m up 26% YoY €107m €91m 3Q24 9M25 9M24 driven by fees (up 52%) 3Q25 up 17% YoY and NII
Slide 7: CF: Sound New Business with Better Margins
CF: SOUND NEW BUSINESS WITH BETTER MARGINS RECORD RESULTS AGAIN IN 3M Executive summary Section 1 Sound new loan business Solid new personal loans progression €6.7bn €2.4bn up 9% YoY €3.1bn €2.9bn up 10% YoY 9M25 3Q25 up 5% QoQ 9M25 9M24 up 16% QoQ Solid loan book growth Positive CoR trend in 3Q25 €
Slide 8: Agenda
Agenda Section 1. Executive summary Section 2. 3M/9M25 Group results Section 3. 3M/9M25 Divisional results Section 4. OPS on Banca Generali Annexes 1. Divisional tables Not for release, publication or distribution, directly on indirectly, in whole or in part, in or into or from the United States of
Slide 9: 9M25 KPIs: Revenues €2.8bn, Net Profit €993m
9M25 KPIs: REVENUES €2.8BN, NET PROFIT €993M 9M/3Q25 - Group results Section 2 Financial results Highlights MEDIOBANCA GROUP – 9M as at Mar25 9M EPS: €1.19 (up 7% YoY) EPS BVPS TBVPS No. shares/ TBVPS: €11.6 (up 4% YoY); BVPS: €12.9 (up 3% YoY) o/w treasury PER SBB: launched on 12 Nov24 for max. €38
Slide 10: Revenues up 5% YoY – Sound 3Q at €920m
REVENUES UP 5% YoY – SOUND 3Q AT €920M 9M/3Q25 - Group results Section 2 9M Group revenues by division (YoY, €m) WM revenues (9M, €m) +5% YoY +14% YoY +5% YoY Fees 66 0 (105) 141 2,768 690 727 2,628 37 +7% flat 9M24 9M25 +26% +5% CIB revenues (9M, €m) +15% YoY +26% YoY K-light +12% YoY ex Arma 1,331
Slide 11: Double-Digit Trend in Fees
DOUBLE-DIGIT TREND IN FEES SOLID UNDERLYING TREND IN WM AND CIB 9M/3Q25 - Group results Section 2 Fee income trend by division (€m, 3M) CIB fees (€m, 3M) 150 9 +24% YoY 16 107 91 1 819 8 Specialty fin 9 20 17 14 Lending 316 15 124 1 660 CapMkt 279 50 64 273 Advisory 242 238 231 150 3Q24 2Q25 3Q25 13
Slide 12: NII: Resilient Path, Quarterly Growth in CF and CIB
NII: RESILIENT PATH, QUARTERLY GROWTH IN CF AND CIB 9M/3Q25 - Group results Section 1 NII trend by division (€m, 3M) Average loan book by division (€bn, 3M) +5% YoY -1% YoY 1,492 1,476 +2% QoQ 55.0 52.5 52.9 53.9 496 501 496 492 485 494 497 16.9 +1% 17.0 60 58 43 48 36 29 22 16.1 16.4 80 72 81 86 75
Slide 13: Comfortable Funding Position
COMFORTABLE FUNDING POSITION €7.4BN RAISED IN LAST 9M AT ~65BPS 9M/3Q25 - Group results Section 1 Funding stock up to >€66bn with growing deposits… …with cost improving in 3Q (€bn) 63.6 64.2 66.1 6.8 7.3 7.2 1.3 June24 Sept24 Dec24 Mar25 27.6 28.7 30.0 WM deposits cost2 1.84% 1.93% 1.81% 1.70% Bond
Slide 14: Group CoR Well Under Control at 47bps
GROUP COR WELL UNDER CONTROL AT 47BPS 9M/3Q25 - Group results Section 2 Group CoR trend (bps) 120 Total overlays trend (€m) 222 201 189 9M24 9M25 19 100 27 20 18 80 50bps 47bps 27 27 60 57 175 154 51 144 40 46 48 50 20 43 39 0 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 June24 Dec24 Mar25 CF CIB Other LLPs t
Slide 15: Prudent Staging
PRUDENT STAGING GROSS NPL RATIO DOWN AT 2%, HIGH COVERAGE RATIOS 9M/3Q25 - Group results Section 2 Gross NPL down to 2.0% (0.8% net), after ~€260m fully covered loans write-offs. Strong coverage (62.5%) 0.1 Gross NPL ratio 0.1 Net NPL ratio 0.9 NPL coverage ratio 0.9 0.0 0.0 0.8 0.0 2.5% 2.5% 0.0 0.
Slide 16: Asset Quality by Divisions
ASSET QUALITY BY DIVISIONS 9M/3Q25 - Group results Section 2 Net NPLs (€m) of which bad loans (€m) NPL coverage NPLs as % of loans (“deteriorate”) (“sofferenze”) Gross +1% 69% 69% 2.5% 2.5% 2.0% 62% Mediobanca +1% 0.8% 0.8% 414 422 424 0.8% Group 30 37 37 Net June24 Dec24 Mar25 June24 Dec24 Mar25 Ju
Slide 17: Efficient RWA/Capital Management – Improved RoRWA at 2.9%
EFFICIENT RWA/CAPITAL MANAGEMENT – IMPROVED RORWA AT 2.9% POSITIVE BASEL IV IMPACT: €1.6BN RWA SAVINGS 9M/3Q25 - Group results Section 2 RWAs trend by division (€bn, incidence %) Divisional RoRWA (%) -5% YoY 3.8% 100% 100% 3.6% 3.4% 48.8 47.6 46.3 3.2% 3.9 8% 3.9 4.0 9% 2.9% 8.1 17% 2.7% 2.9% 8.1 8.
Slide 18: Strong Capital Position
STRONG CAPITAL POSITION 9M/3Q25 - Group results Section 2 CET1¹ ratio 1H25 trend Capital generation: 90bps in 3M 100% payout in line with full completion of €1bn cumulative SBB in 3Y +55bps (10bps) 16.1% (25bps) +70bps (50bps) 15.2% 15.6% 14.8% CET1 Dec24 Earnings Basel IV RWA organic Other (incl. A
Slide 19: 9M25 Results Summary
9M25 RESULTS SUMMARY 9M/3Q25 - Group results Section 2 Financial results Highlights 9M25 ∆ 3Q25 2Q25 3Q24 €m 9M25 revenues up 5% YoY to €2,768m: Mar25 YoY1 Mar25 Dec24 Mar24 Total income 2,768 +5% 920 983 898 NII resilient YoY and up 1% QoQ, backed by positive CF Net interest income 1,476 -1% 497 49
Slide 20: Sustainable Banking
SUSTAINABLE BANKING FURTHER UPGRADE OF OUR ESG PROFILE 9M/3Q25 - Group results Section 2 Mediobanca qualified as Yearbook Member in the S&P Global Sustainability Yearbook 2025 and rated C+ in the ISS ESG Corporate Rating ENVIRONMENT SOCIAL Mediobanca has successfully completed the placement Medioban
Slide 21: Agenda
Agenda Section 1. Executive summary Section 2. 3M/9M25 Group results Section 3. 3M/9M25 Divisional results Section 4. OPS on Banca Generali Annexes 1. Divisional tables Not for release, publication or distribution, directly on indirectly, in whole or in part, in or into or from the United States of
Slide 22: Group RoRWA up to 2.9% Driven by K-Light Businesses
GROUP RORWA UP TO 2.9% DRIVEN BY K-LIGHT BUSINESSES 9M/3Q25 Divisional results Section 3 Revenues (€m, 9M) GOP risk adj. (€m, 9M) Net profit (€m, 9M) RoRWA & ROTE (%) 5.0% 17.0% 4.5% ROTE 14% 15.0% 13% +5% 4.0% +7% 13.0% +5% 3.5% Mediobanca 11.0% 3.0% 2,628 2,768 1,405 9.0% 1,309 2.9% 2.5% 2.6% Grou
Slide 23: WM: One Brand–One Culture Strategic Path in 1H25
WM: “ONE BRAND–ONE CULTURE” STRATEGIC PATH IN 1H25 9M/3Q25 Divisional results - WM Section 3 MBWM: “ONE FRANCHISE” approach leveraging the Mediobanca brand WM BP23-26 strategic path: ➢ €0.9bn liquidity events gathered by MBPB in 9M25 (€0.8bn in 1H25 and €0.1bn in 3Q25) ➢ Main growth option and prior
Slide 24: TFAs up ~€9bn in 9M to ~€108bn
TFAs UP ~€9BN IN 9M TO ~€108BN €7.2BN INFLOWS, WITH ONGOING REBALANCING MIX TOWARDS AUM 9M/3Q25 Divisional results - WM Section 3 Group TFAs trend (€bn) MBWM: net inflows by quarter (€bn) 108.3 7.2 99.4 1.7 +42% YoY 7.2 5.1 30.0 3.3 28.2 1.3 2.6 2.5 1.2 2.3 2.3 NNM breakdown 1.2 0.2 1.7 1.1 AUM/AUA
Slide 25: Sound Franchise Performance
SOUND FRANCHISE PERFORMANCE WITH ACTIVITY SKEWED INCREASINGLY TOWARDS HIGHER-VALUE PRODUCTS 9M/3Q25 Divisional results - WM Section 3 WM fees by source (€m, 3M) Franchise TFAs (€bn, end period) Franchise NNM (€bn) +11% 100 210.0 +16% YoY 92.0 93.1 4.4 83.6 5.2 146 143 80 160.0 123 30.4 30.0 27 26 26
Slide 26: WM: 9M25 Results Snapshot
WM: 9M25 RESULTS SNAPSHOT REVENUES €727m (up 5%) – NET PROFIT €169m (up 10%) 9M/3Q25 Divisional results - WM Section 3 Financial results Highlights 9M25 3Q25 2Q25 3Q24 Strong commercial results in 9M25, in line with FY25 guidance €m Mar25 YoY1 Mar25 Dec24 Mar24 trajectory, reflected in ongoing sol
Slide 27: CIB: One Brand – One Culture Strategic Path in 9M25
CIB: “ONE BRAND – ONE CULTURE” STRATEGIC PATH IN 9M25 9M/3Q25 Divisional results - CIB Section 3 MBCIB - More international and diversified investment bank: advisory-led and client-centred, with selective balance sheet use; strong integration in Italy between CIB and WM with Private Investment Bank
Slide 28: …with Strong Performance in M&A…
…WITH STRONG PERFORMANCE IN M&A… 9M/3Q25 Divisional results - CIB Section 3 Selected M&A Italian Large and Mid-Cap Transactions M&A activity in 9M25 has been more positive and constructive than last year, Announced Announced Announced March 2025 driven mainly by financial sponsors activity growth, a
Slide 29: …and in Debt
…AND IN DEBT 9M/3Q25 Divisional results - CIB Section 3 In a scenario of modest domestic and European ECM activity, Mediobanca took part Selected ECM Transactions in the two most important transactions in Italy: as JGC in the €150m capital increase December 2024 July 2024 via rights issue of doValue
Slide 30: Revenues: Advisory-Driven Growth
REVENUES: ADVISORY-DRIVEN GROWTH 9M/3Q25 Divisional results - CIB Section 3 Revenues by product (3M, €m) Highlights +26% YoY 677 Strong 9M25 revenues trend, up 26% YoY to €677m driven by Advisory, with 3Q well above €200m landing at one of 268 the highest revenue levels of the last years after the p
Slide 31: CIB: 9M25 Results Snapshot
CIB: 9M25 RESULTS SNAPSHOT RECORD REVENUES WITH FOCUS ON K-LIGHT, IMPROVING PROFITABILITY 9M/3Q25 Divisional results - CIB Section 3 Financial results Highlights 9M25 ∆ 3Q25 2Q25 3Q24 9M25 net profit up 33% YoY (up 26% net of Arma Partners2) to €m Mar25 YoY1 Mar25 Dec24 Mar24 €225m, reflecting: Tota
Slide 32: CF: One Brand–One Culture Strategic Path in 1H25
CF: “ONE BRAND–ONE CULTURE” STRATEGIC PATH IN 1H25 9M/3Q25 Divisional results - CF Section 3 Sustainable and profitable growth leveraging on direct and digital distribution CF BP23-26 strategic path: Direct distribution ➢ Proprietary distribution network up to 334 branches (up 13 and digital YoY, up
Slide 33: Growth in New Business, Loan Book, Yield
GROWTH IN NEW BUSINESS, LOAN BOOK, YIELD 9M/3Q25 Divisional results - CF Section 3 New loans by product (3M, €bn) Loan book net profitability1 (3M, %) +9% 9M25: 7.27% 9M24: 7.05% 9M25: 6.7 8.0% 8.00% 7.20% 7.30% 7.35% 9M24: 6.1 7.09% 7.17% 7.04% 7.00% 7.0% 7.00% +5% 2.4 2.2 2.2 2.2 2.1 6.0% 9M24: 5.
Slide 34: Asset Quality Confirmed as Healthy
ASSET QUALITY CONFIRMED AS HEALTHY 1H/2Q25 Divisional results - CF Section 3 CoR down QoQ but broadly increasing as expected …with high coverage of PLs (3.52%) and NPLs (66.2%) LLPs (€m) and cost of risk (bps) Coverage ratios trend 9M25: 174 FY24: 168 FY23: 145 90.0% 78.8% 77.3% 6.00% 120 174 178 17
Slide 35: CF: Strong Commercial Activity and Record Financials
CF: STRONG COMMERCIAL ACTIVITY AND RECORD FINANCIALS ALL-TIME HIGH NII (€845M) AND NET PROFIT (€308M) 9M/3Q25 Divisional results - CF Section 1 Financial results Highlights 9M25 ∆ 3Q25 2Q25 3Q24 Solid commercial activity in 9M25: €m Mar25 YoY1 Mar25 Dec24 Mar24 Strong new business: €6.7bn (€2.4bn in
Slide 36: Insurance: Solid Contribution
INSURANCE: SOLID CONTRIBUTION 9M/3Q25 Divisional results - INS Section 3 Financial results Highlights 9M25 ∆ 3Q25 2Q25 3Q24 €m 9M25 net profit at €350m, down 1% YoY reflecting: Mar25 YoY1 Mar25 Dec24 Mar24 Stable revenues (flat YoY), with AG contribution down Total income 349 +0% 106 128 126 by 2% d
Slide 37: Holding Functions: Result Lower
HOLDING FUNCTIONS: RESULT LOWER 9M/3Q25 Divisional results - HF DUE TO INTEREST RATE DECREASE Section 3 Financial results Highlights €m 9M25 ∆ 3Q25 2Q25 3Q24 Net loss of €50m in 9M25 reflecting: Mar25 YoY1 Mar25 Dec24 Mar24 Revenues down 57% YoY, due to lower NII/trading income Total income 77 -57%
Slide 38: Agenda
Agenda Section 1. Executive summary Section 2. 3M/9M25 Group results Section 3. 3M/9M25 Divisional results Section 4. OPS for Banca Generali Annexes 1. Divisional tables Not for release, publication or distribution, directly on indirectly, in whole or in part, in or into or from the United States of
Slide 39: MB / BG Combination Represents a Strong Acceleration of Strategic Road Map
MB / BG COMBINATION REPRESENTS A STRONG ACCELERATION OF THE “ONE BRAND – ONE CULTURE” STRATEGIC ROAD MAP OPS for Banca Generali Section 4 Growth in Wealth Management as a priority MB+BG will be the 2nd largest Italian WM player, with unique focus on high-end clients/entrepreneurs Above-market averag
Slide 40: MB to Create a Leading Italian WM Player
MB TO CREATE A LEADING ITALIAN WM PLAYER FOCUSED ON HIGH-END CUSTOMERS, WITH >€15BN NNM CAPABILITY OPS for Banca Generali Section 4 MB + BG = TOP 3 BY TFA (€bn) MB + BG = FIRST BY NNM² (€bn) Fid-ISP PB + >15 MB + BG >€210bn 13 FBK 10 BMED 9/10 >9 AZM ~9 MB 107 6/7 BG 104 Allianz 4 ABFA BNP Scale: 2x
Slide 41: …and Accelerate a 10Y Shift Towards High Value Businesses
…AND ACCELERATE A 10Y SHIFT TOWARDS HIGH VALUE BUSINESSES OPS for Banca Generali Section 4 MEDIOBANCA GROWTH PATH Revenues1 (€bn,%), ROTE (%) ROTE 20% REVENUES MORE THAN DOUBLED Group revenues up to €4.4bn WM up from 16% to 45% of total 14% WM revenues ~€2.0bn 4.4 3.7 PROFITABILITY TRIPLING 7% ROTE
Slide 42: Mediobanca: A WM Champion in the European Landscape
MEDIOBANCA: A WM CHAMPION IN THE EUROPEAN LANDSCAPE A UNIQUE STORY FOR GROWTH, BUSINESS MIX, YIELD OPS for Banca Generali Section 4 MB: the only EU player with >€170bn AUM/AUC, >50% revenues from WM, >7% dividend yield (FY25) 96 91 87 85 81 71 57 50 49 46 43 37 35 33 31 30 28 27 26 25 23 22 19 16 15
Slide 43: BG Can Deliver Greater Value vs MPS (1/2)
BG CAN DELIVER GREATER VALUE VS MPS (1/2) OPS on Banca Generali Section 4 MB+BG MPS+MB 1 ➢ Leading WM player in EU: €210bn TFA), ➢ Undifferentiated mid size commercial bank €2bn revenues and 50% net profit from WM ➢ No significant positioning improvement in any POSITIONING ➢ Unique growth potential
Slide 44: BG Can Deliver Greater Value vs MPS (2/2)
BG CAN DELIVER GREATER VALUE VS MPS (2/2) OPS on Banca Generali Section 4 MB+BG MPS+MB 3 ➢ Strong cultural and managerial fit: sharing ➢ High execution risk given lack of cultural, of best practices, cross-selling opportunities managerial, industrial fit in the both franchises ➢ High client-revenues
Slide 45: Q&A Session
MEDIOBANCA 9M/3Q RESULTS AS AT 31 MARCH 2025 Q&A SESSION Not for release, publication or distribution, directly on indirectly, in whole or in part, in or into or from the United States of America, Australia, Canada, Japan, or any other jurisdiction where to do so constitute a violation of the releva
Slide 46: Agenda
Agenda Section 1. Executive summary Section 2. 3M/9M25 Group results Section 3. 3M/9M25 Divisional results Section 4. OPS on Banca Generali Annexes 1. Divisional tables Not for release, publication or distribution, directly on indirectly, in whole or in part, in or into or from the United States of
Slide 47: Mediobanca Group P&L
MEDIOBANCA GROUP P&L 9M results as at March 2025 Annex 3 9m 9m 3Q25 2Q25 1Q25 4Q24 3Q24 €m Mar25 Mar24 YoY1 Mar25 Dec24 Sept24 June24 Mar24 Total income 2,768 2,628 +5% 920 983 865 979 898 Net interest income 1,476 1,492 -1% 497 494 485 492 496 Fee income 819 660 +24% 273 316 231 279 238 Net treas
Slide 48: Mediobanca Group A&L
MEDIOBANCA GROUP A&L 9M results as at March 2025 Annex 3 €bn Mar25 Dec24 June24 Mar24 QoQ1 YoY1 Funding 66.1 64.2 63.7 60.4 +3% +9% Bonds 29.5 28.7 27.6 26.2 +3% +13% Direct deposits (retail&PB) 29.2 28.2 27.9 26.4 +4% +11% ECB 0.0 0.0 1.3 2.1 - - Others 7.4 7.3 6.8 5.7 +2% +30% Loans to custome
Slide 49: Wealth Management Results
WEALTH MANAGEMENT RESULTS 9M results as at March 2025 Annex 3 9m 9m 3Q25 2Q25 1Q25 4Q24 3Q24 €m Mar25 Mar24 YoY1 Mar25 Dec24 Sept24 June24 Mar24 Total income 727 690 +5% 247 252 228 234 232 Net interest income 305 320 -5% 101 102 102 105 107 Fee income 413 363 +14% 143 146 124 126 123 Net treasury
Slide 50: CIB Results
CIB RESULTS 9M results as at March 2025 Annex 3 9m 9m 3Q25 2Q25 1Q25 4Q24 3Q23 €m Mar25 Mar24 YoY1 Mar25 Dec24 Sept24 June24 Mar24 Total income 677 536 +26% 226 268 183 227 194 Net interest income 238 233 +2% 86 81 72 74 80 Fee income 341 225 +52% 107 150 84 136 91 Net treasury income 99 78 +26% 3
Slide 51: Consumer Finance Results
CONSUMER FINANCE RESULTS 9M results as at March 2025 Annex 3 9m 9m 3Q25 2Q25 1Q25 4Q24 3Q24 €m Mar25 Mar24 YoY1 Mar25 Dec24 Sept24 June24 Mar24 Total income 954 888 +7% 326 319 310 301 305 Net interest income 845 778 +9% 288 282 275 266 266 Fee income 110 110 - 37 37 35 35 39 Total costs (291) (27
Slide 52: Insurance Results
INSURANCE RESULTS 9M results as at March 2025 Annex 3 9m 9m 3Q25 2Q25 1Q25 4Q24 3Q24 €m Mar25 Mar24 YoY1 Mar25 Dec24 Sept24 June24 Mar24 Total income 349 349 +0% 106 128 115 181 126 Impairments 18 20 -10% 8 (2) 12 0 11 Net profit 350 353 -1% 110 119 121 169 130 Book value (€bn) 5.0 4.7 +6% 5.0 4.9
Slide 53: Holding Functions Results
HOLDING FUNCTIONS RESULTS 9M results as at March 2025 Annex 3 9m 9m 3Q25 2Q25 1Q25 4Q24 3Q24 €m Mar25 Mar24 YoY1 Mar25 Dec24 Sept24 June24 Mar24 Total income 77 180 -57% 21 23 33 44 46 Net interest income 61 139 -56% 13 21 28 39 36 Net treasury income 13 33 -63% 7 3 2 6 10 Fee income 4 8 -48% 1 (1
Slide 54: Glossary
GLOSSARY MEDIOBANCA BUSINESS SEGMENT PROFIT & LOSS (P&L) and BALANCE SHEET CIB Corporate and investment banking ESG Environmental, Social, Governance WB Wholesale banking FAs Financial Advisors SF Specialty finance FVOCI Fair Value to Other Comprehensive Income CF Consumer finance GOP Gross operatin
Slide 55: Disclaimer & Declaration of Head of Financial Reporting
DISCLAIMER & DECLARATION OF HEAD OF FINANCIAL REPORTING Disclaimer This document includes certain projections, estimates, forecasts and consequent targets which reflect the current views of Mediobanca – Banca di Credito Finanziario S.p.A. (the “Company”) with regard to future events (“forward-lookin
Slide 56: Investor Contact Details
INVESTOR CONTACT DETAILS Mediobanca Group Investor Relations Piazzetta Cuccia 1, 20121 Milan, Italy Email: investor.relations@mediobanca.com +39 02 8829 860/347 http://www.mediobanca.com 56
Mediobanca - Banca di Credito Finanziario — Q3 2025 Earnings Presentation on 6ix