Banco Bilbao Vizcaya Argentaria, S.a. · BME:BBVA

Banco Bilbao Vizcaya Argentaria — Debt Investor Presentation (June 2025)

20 slides from Banco Bilbao Vizcaya Argentaria's debt investor presentation, June 2025

  1. Slide 1: 1Q25 Covered Bond Presentation

    1Q25 Covered Bond Presentation

  2. Slide 2: Disclaimer

    1Q25 Covered Bond Presentation 2 Disclaimer This document is only provided for information purposes and is not intended to provide financial advice and, therefore, does not constitute, nor should it be interpreted as, an offer to sell, exchange or acquire, or an invitation for offers to acquire secur

  3. Slide 3: Index

    Índex 01 Regulatory changes to the legal 04 Export Financed Covered Bond regime for Covered Bonds 02 Mortgage Covered Bonds 05 Outstanding Covered Bonds 03 Public Sector Covered Bond

  4. Slide 4: Regulatory changes to the legal regime for Covered Bonds

    01 Regulatory changes to the legal regime for Covered Bonds

  5. Slide 5: General considerations of Royal Decree-Law 24/2021

    1Q25 Covered Bond Presentation 5 General considerations of Royal Decree - Law 24/2021 ● Although Spain has a legal framework for covered bonds (mortgage, Public Sector and Export Finance covered bonds) where mortgage covered bonds are regulated by Law 2/1981, of 25 March, public sector by Law 44/200

  6. Slide 6: A very strong regulatory framework that offers greater protection to investors

    1Q25 Covered Bond Presentation 6 A very strong regulatory framework that offers greater protection to investors The "Royal Decree-Law 24/2021") 1 ASSET SELECTION FOR THE COVER POOL Each states the following: covered bond programme has a cover pool made up of specific assets that act as collateral whi

  7. Slide 7: Mortgage Covered Bonds

    Creating Opportunities Mortgage Covered Bonds

  8. Slide 8: Covered bonds fully backed by the cover pool with strong issuance capacity of 29.0Bn

    1Q25 Covered Bond Presentation 8 Covered bonds fully backed by the cover pool with a strong issuance capacity of 29.0Bn COVER POOL AND COVERED BOND BALANCE ASSET AND LIABILITY MATURITY PROFILE MAR - 25 (€Bn) MAR - 25 (€Mn) COVER POOL €46.9Bn Liquid Asset 1 €0,05Bn €6.4Bn Commercial Residential €14.9

  9. Slide 9: A high quality and well-diversified cover pool with high credit ratings

    1Q25 Covered Bond Presentation 9 A high quality and well-diversified cover pool with a high credit ratings (Aa1 / AAA by Moody's & DBRS) Currency >99% granted in EUR Asset distribution by Indexed LTV (€Mn) Nº of Loans 606.620 Commercial Covered Bond Rating (Moody’s /DBRS) Aa1 / AAA Residential Reside

  10. Slide 10: Public Sector Covered Bond

    03 Public Sector Covered Bond

  11. Slide 11: Meaningful overcollateralization levels providing strong issuance capacity of 9.4Bn

    1Q25 Covered Bond Presentation 11 Meaningful overcollateralization levels providing strong issuance capacity of 9.4Bn COVER POOL AND COVERED BOND BALANCE ASSET AND LIABILITY MATURITY PROFILE MAR- 25 (€Bn) MAR - 25 (€Mn) COVER POOL €14.6Bn1 Liquid Asset 1 €0.06Bn €4.0Bn Retained Covered Bond €4.0Bn 2

  12. Slide 12: A high quality and well-diversified cover pool with a high credit rating

    1Q25 Covered Bond Presentation 12 A high quality and well-diversified cover pool with a high credit rating (Aa1 by Moody's) Breakdown by type of debtor Currency 100% granted in EUR (€ Mn) Nº of Loans 3.375 Covered Bond Rating (Moody’s) Aa1 Average Loan Size 4.177.201,21 Floating/ Fixed 40% / 60% WA S

  13. Slide 13: Export Financed Covered Bond

    04 Export Financed Covered Bond

  14. Slide 14: Meaningful overcollateralization levels providing strong issuance capacity of 2.5Bn

    1Q25 Covered Bond Presentation 14 Meaningful overcollateralization levels providing strong issuance capacity of 2.5Bn COVER POOL AND COVERED BOND BALANCE ASSET AND LIABILITY MATURITY PROFILE MAR - 25 (€Bn) MAR- 25 (€Mn) COVER POOL €4.0Bn €1.5Bn Retained Covered Bond 2024 2025 2026 2027 2028 ≥ 2029 O

  15. Slide 15: Cover pool qualified with a high credit rating

    Cover pool qualified with a high credit ratings (Aa1 by 1Q25 Covered Bond Presentation 15 Moody's) Breakdown by ECA Guarantee Currency 63% USD / 32% EUR / 6% others (%) Nº of Loans 164 31% 32% Covered Bond Rating (Moody’s) Aa1 24% Average Loan Size 24.522.206,14 13% Floating/ Fixed 82% / 18% WA Seaso

  16. Slide 16: Outstanding Covered Bonds

    05 Outstanding Covered Bonds

  17. Slide 17: Mortgage Covered Bonds (1/2)

    1Q25 Covered Bond Presentation 17 Mortgage Covered Bonds (1/2) ISIN Public/Retained Amount (€Mn) Issue Date Maturity Date Coupon ES0317046003 Public 200 23/05/2005 21/05/2025 3,875% ES0317046003-RETAP6 Public 60 23/05/2005 21/05/2025 3,875% ES0317046003 Public 60 18/11/2005 23/05/2025 3,875% ES03123

  18. Slide 18: Mortgage Covered Bonds (2/2)

    1Q25 Covered Bond Presentation 18 Mortgage Covered Bonds (2/2) ISIN Public/Retained Amount Issue Date Maturity Date Coupon (€Mn) ES0371622020 Public 500 10/04/2006 08/04/2031 4,25% ES0371622020 Public 150 04/07/2007 10/04/2031 4,25% ES0413211147 Public 200 14/07/2006 02/02/2037 4,6% ES0413211A18 Ret

  19. Slide 19: Public Sector & Export Finance Covered Bonds

    1Q25 Covered Bond Presentation 19 Public Sector & Export Finance Covered Bonds PUBLIC SECTOR COVERED BONDS ISIN Public/Retained Amount (€Mn) Issue Date Maturity Date Coupon ES0413211A00 Retained 1.500 14/09/2020 14/09/2025 3m+22 pbs ES0413211A42 Retained 2.000 20/10/2021 20/10/2026 3m+10 pbs ES04132

  20. Slide 20: BBVA

    BBVA

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