Bawag Group Ag · VIE:BG
Bawag — Q2 2026 Earnings Presentation
18 slides from Bawag's earnings presentation, Jul 21, 2026
Slide 1: BAWAG Group Q2 2026 results
BAWAG Group BAWAG GROUP Pan-European & U.S. banking group Q2 2026 results
Slide 2: Q2 2026 Highlights
Q2 2026 HIGHLIGHTS July 21, 2026 2
Slide 3: Highlights Q2 2026
HIGHLIGHTS Q2 2026 FINANCIAL PERFORMANCE BALANCE SHEET & CAPITAL STRATEGIC UPDATE & TARGETS €255 million Net profit / +21% vPY Customer loans flat vPQ PTSB AS STRATEGIC OPPORTUNITY – Capital build in first half of 2026 allows for fully Customer funding flat vPQ self-funding of the transaction €590 m
Slide 4: Capital Development
CAPITAL DEVELOPMENT Q2 '26 CAPITAL BUILD POSITIONED THE GROUP TO FUND THE PROPOSED ACQUISITION DEVELOPMENTS HIGH CAPITAL-GENERATING BUSINESS – Gross capital generation of 112 bps through earnings – RWA growth offset by credit card SRT executed in Q2 ‘26 PARTICIPATION SALE – Intangible/RWA impact fro
Slide 5: Deal Funding and Upcoming Milestones
DEAL FUNDING AND UPCOMING MILESTONES WITH CAPITAL BUILD IN Q2 ‘26, BAWAG WELL POSITIONED TO FULLY SELF-FUND TRANSACTION (~450BPS OF CET1 REQUIRED) CAPITAL BUILD MEASURES (+250bps required) +285bps in H1 DIVIDEND POTENTIAL 2026 – Non-distribution commitment for first half-year profit +285 – Maximum p
Slide 6: Q2 2026 Detailed Financials
Q2 2026 DETAILED FINANCIALS July 21, 2026 6
Slide 7: Financial Performance & Balance Sheet Overview
FINANCIAL PERFORMANCE & BALANCE SHEET OVERVIEW FINANCIAL PERFORMANCE BALANCE SHEET P&L | € millions Q2 '26 vPY vPQ H1 '26 vPY Balance sheet | € millions Q2 '26 Q1 '26 vPQ vPY Net interest income 488.2 7% 2% 968.4 7% Total assets 72,218 71,675 1% (1%) Net commission income 101.5 12% 3% 200.2 12% ther
Slide 8: Core Revenues
CORE REVENUES NET INTEREST INCOME NET FEE & COMMISSION INCOME NIM – Customer loans flat in Q2 '26 ... continued positive trend in unsecured consumer lending offset – Continuous positive trend across business lines of Retail & SME, particularly in credit by subdued mortgage volumes cards/payments – A
Slide 9: Operational Expenses & Risk Cost
OPERATIONAL EXPENSES & RISK COST OPERATING EXPENSES RISK COST CIR Risk cost ratio – Continue to deliver on synergy and efficiency effects across the larger group – Ongoing shift of asset mix toward higher-growth unsecured lending … trend in risk cost expected to continue – Q2 ’26 includes new collec
Slide 10: Segment Financials
SEGMENT FINANCIALS RETAIL & SME CORPORATES, REAL ESTATE & PUBLIC SECTOR P&L | € millions Q2 '26 vPY vPQ H1 '26 vPY P&L | € millions Q2 '26 vPY vPQ H1 '26 vPY Core revenues 514.3 10% 3% 1,015.0 13% Core revenues 74.0 7% (4%) 150.7 5% Net interest income 418.1 9% 2% 826.9 13% Net interest income 68.4
Slide 11: 2026 Outlook & Targets
2026 OUTLOOK & TARGETS 2026 OUTLOOK 2026 TARGET THROUGH-THE CYCLE TARGETS Net interest income > 6% NET PROFIT ROTCE >20% Core revenues > 6% Operational expenses > (5%) CIR <33% Risk cost ~50bps Regulatory charges €(48)m CET1 12.5% July 21, 2026 11
Slide 12: Q2 2026 Supplemental Information
Q2 2026 SUPPLEMENTAL INFORMATION July 21, 2026 12
Slide 13: Balance Sheet Positioned for Growth While Staying Conservative
BALANCE SHEET POSITIONED FOR GROWTH WHILE STAYING CONSERVATIVE FORTRESS BALANCE SHEET, DISCIPLINED UNDERWRITING, AND LONG-TERM FOCUS ON RISK ADJUSTED RETURNS LOW-RISK BALANCE SHEET FOCUSED ON RETAIL & SME PORTFOLIO MANAGEMENT € billion • €15b cash available to deploy into customer lending and/or add
Slide 14: Retail & SME
RETAIL & SME PORTFOLIO OVERVIEW HOUSING CONSUMER & SME €13b €26b OVERVIEW OVERVIEW • Portfolio comprised of €8.4b unsecured and €4.5b secured lending … NPL ratio of 2.4% • 35% state or insurance guaranteed • Consumer lending primarily unsecured loans to current customers and specific use loans • Wei
Slide 15: Corporates & Real Estate
CORPORATES & REAL ESTATE PORTFOLIO OVERVIEW CORPORATES REAL ESTATE By geography By LTV By geography By industry Average €5.6b ~50% €2.6b €2.6b • Resilient portfolio with low leverage profile (~50% LTV, 95% of book <80% ), NPL ratio 0.0% • Senior-secured with strong structural protections (Mortgage
Slide 16: Definitions
DEFINITIONS Leverage ratio B/S leverage Tier 1 capital (including interim profit, earmarked dividends, buyback/total exposure (CRR Total assets/common equity (excluding earmarked dividend and buyback) definition) Book value per share Loan to Value (LTV) Common equity (excluding AT1 capital, dividend
Slide 17: Disclaimer
DISCLAIMER Responsibility statements required by Irish Takeover Rules The directors of the management boards of each of BAWAG Group AG (“BAWAG” or “BAWAG Group”) and BAWAG PSK (the “BAWAG Directors”) accept responsibility for the information contained in this presentation. To the best of the knowled
Slide 18: Important Disclaimer
IMPORTANT DISCLAIMER: This presentation is prepared solely for the purpose of providing general information about BAWAG Group, Wiedner Gürtel 11, 1100 Wien. The information does not constitute investment or other advice or any solicitation to participate in investment business. This presentation doe