Grupo Supervielle Sa Class B · BCBA:SUPV
Grupo Supervielle Sa Class B — Q2 2024 Earnings Presentation
31 slides from Grupo Supervielle Sa Class B's earnings presentation, Aug 15, 2024
Slide 1: August 15, 2024
August 15, 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: Looking Ahead: Government committed to lowering inflation
Looking Ahead: Government committed to lowering inflation, gure, Me maintain fiscal surplus and advance on structural reforms Approval and regulation of the Reserves Addressing Argentina's Ley de Bases improved; commercial foreign and ongoing Central Bank debt and unpaid deregulation acquired divide
Slide 5: Gradual shift towards private-sector loans
| Gradual shift towards private-sector loans, from Central Bank and Treasury Notes continues Shift from Central Bank to Loan portfolio ( —~ eo [% of Assets] Ik Central Bank Repos + Lecaps ‘a =12p.p. 33% Mar 24 28% 37% 29% ; i! 32.2% 43.6% ff 59.5% = Loans to + Deposits GRUPO a SUPERVIELLE 66 Looking
Slide 6: Market share gains across all key products
. La Market share gains across all key products grupo Dr AA Portfolio OO Looking Forward v SMEs & Corporate Loans 4) Second q 2024 * 2024: focus on SMEs & Corporates particularly dynamic export value chains Loan growth, Market in real terms share [QoQ] (0) +30 bps Loan portfolio v +36 % QoQ breakdow
Slide 7: • • • • • • +69.3% -255% -6.5% -3.3% -8.7% +82.8%
• • • • • • +69.3% -255% -6.5% -3.3% -8.7% +82.8% 7
Slide 8: Commercial Portfolio 65% of total
Commercial Portfolio 65% of total Retail Portfolio 35% of total 8
Slide 9: Total deposits remained stable sequentially
l Total deposits remained stable sequentially; greater mix of lower-cost savings & — gaupo > checking account deposits SUPERVIELLE Deposits Evolution AR$ Deposits Breakdown [AR$ Bn.]1) [%] Wholesale Funding Time Deposits Individuals and Companies Savings Accounts Checking Accounts Public & Financial
Slide 10: Sharp decline in market interest rates cut cost of funds
• Sharp decline in market interest rates resulted in 30 p.p. drop in cost of funds, lower asset yields • Unusually high 1Q24 yields 10
Slide 11: Net Revenues and Expenses 2Q24
Net Revenues 1 Expenses 2 2Q24 2Q24 Q oQ -38.3% Q oQ -7.7% YoY +3.9% YoY -15.4%
Slide 12: Robust Capitalization with CET Ratio at 21.3%
| Robust Capitalization with CET 1 Ratio at 21.3% supports continued loan expansion TIER1 Profit capitalization KEY MESSAGE 41.6% || 25.2% Mar 24 Bank, Net Result 24.7% as reported in 1Q24 12 RWA growth above inflation in the quarter -3.5% RWA Higher deductions on intangible assets -0.5% Deductions
Slide 13: 2024 Perspectives
2024 Perspectives: Ongoing reduction in inflation and improving —sruro > economic activity, expected to support increased credit demand * Peso Loans expected to grow above 40% in Loans real terms * Retail loans regaining share of total loans * Peso Deposits increasing above inflation Deposits + US$
Slide 14: Thank You!
Thank You! IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
Slide 15: Back-up
Back-up IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
Slide 16: Contents
| 2Q24 business highlights gure, Vs Par) | ic & Industry Outlook ©_© acroeconomic hnaustry UUtIOo Couteutt OF Supplementary financial Information 16
Slide 17: Contents
| 2Q24 business highlights gure, = @,® ay { aol ) Industry Performance 17
Slide 18: Financial Sector Loans continue to grow below inflation
Financial Sector Loans continue to grow below inflation Loans to Private Sector [AR$ Bill. in Nominal terms] +210.4% 1% (+43.5%) eS (+27.7%) (425.2%) (435.2%) INFLATION 2024 18.6% 11,057 13,848 18,723 23,911 34,319 YoY 271.5% so we 1023 02 202 EEE Loans to Private Sector AR$ Loans [in AR$ Bn. in Ori
Slide 19: Financial Sector AR$ Deposits grew below inflation
Financial Sector AR$ Deposits grew below inflation impacted by negative interest rates in real terms, tight monetary policy and Bopreal issuance Private Sector Deposits f gt \ [AR$ Bill. in Nominal terms] +169.0% e8 (202%) INFLATION ‘ +22.2%] 9 2Q24 a — [aso] (16.9%) Q24 18.6% YoY 27,244 34,440 51,3
Slide 20: Contents
| 2Q24 business highlights gure, Couteutt OF Supplementary financial Information 20
Slide 21: • • • • • • -42.7% -53.1% +6.2% +22.0% -7.7% -41%
• • • • • • -42.7% -53.1% +6.2% +22.0% -7.7% -41% 21
Slide 22: Loan growth outperforms industry QoQ
| Loan growth outperforms industry QoQ regaining 30 bps in market crupo | De share; Corporate and Retail loans origination accelerated at quarter- end 2Q 2024 EARNINGS Total Lending [AR$ Bn]” ————_ +12.7% ) ——__, 16.5% > 100% 100% emmy 0.6% r—{+35.9% } industry +21.1% Loans [Q0Q] fi a j 1924 2024 20
Slide 23: NPL sequential improvement reflects loan growth
• NPL sequential improvement reflects Loan growth 23
Slide 24: 153,596 ▪ 30,989 39,314 19,928 56,290 54,187 25,227 21,634 1,866 10,045 14,117 ▪ 20,442
153,596 ▪ 30,989 39,314 19,928 56,290 54,187 25,227 21,634 11,866 10,045 14,117 ▪ 20,442 11,077 2,427 206 1,918 -5,961 -348 -427 ▪ -3,538 -6,866 ▪ -27,414 24
Slide 25: Fee income up 6% QoQ
Fee income up 6% QoQ; non bank fees representing 33% of total aur D fees Net Service Fee Income ex insurance [AR$ Mill.] Non financial services -4.5% Asset Management Other bank fees 29,9410 26,695.0 Credit Cards +4.6% Deposit accounts 5,685.0 5,825.0 2Q2 25
Slide 26: Higher LLPs in 2Q24 reflect loan portfolio increase
• Higher LLPs in 2Q24 reflect the 35.9% increase in loan portfolio. • ECL models required additional provisions for the credit card portfolio due to the decline in market interest rates 26
Slide 27: ROAE in real terms of 10% in 2Q24
ROAE in real terms of 10% in 2Q24 amidst policy rate drop that reduced Grupo J SUPERVIELLE funding costs and asset yields Profit Before Income Tax [AR$ Mill.] 85,837.0 waa a 26,133 BOBES - 17,079 72,567.0 30,896.0 . : 41,937.0 27,984 54,668 -59,037 33,490.0 -93,500 125,854 2Q23 3Q23 4Q23 1Q24 2Q24 2
Slide 28: Income Statement & Balance Sheet
La 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 2Q24 1Q24 4Q23 3Q23 2Q23 QoQ YoY Net Interest Income 167,165 253,346 247,808 179,284 145,044 = -34.0% 15.3% NIFFI & Exchange Rate Differences 36,155 101,23
Slide 29: Key Indicators
| Key Indicators GRUPO a SUPERVIELLE 2Q24 1Q24 4Q23 3Q23 2Q23 ROAE 10.4% 33.8% 26.9% 18.5% 17.6% ROAA 2.3% 74% 5.3% 2.9% 2.7% Profitability Net Interest Margin (NIM) 36.3% 61.9% 62.2% 29.2% 26.6% & eff Net Fee Income Ratio 14.5% 8.4% 9.9% 16.1% 16.5% Cost / Assets 14.3% 15.2% 18.6% 13.0% 14.4% Effic
Slide 30: Key Indicators
Key Indicators 2024 1924 4Q23 3Q23 2Q23 Retail Price Index (%) 18.6% 51.6% 53.3% 34.8% 23.8% Avg. Retail Price Index (%) 271.5% 287.9% 211.4% 138.3% 115.6% M UVA (var) 32.6% 69.6% 37.2% 23.9% 25.0% gecro Pesos/US$ Exchange Rate 911.75 85742 80848 350.01 ~—«256.68 Badlar Interest Rate (eop) 361% 70.9
Slide 31: Thank You!
Thank You! IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina