Grupo Supervielle Sa Class B · BCBA:SUPV
Grupo Supervielle Sa Class B — Q1 2024 Earnings Presentation
30 slides from Grupo Supervielle Sa Class B's earnings presentation, May 23, 2024
Slide 1: Q1 2024 Earnings Presentation
May 23, 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: 1Q-2024 Business Highlights
• 1Q-2024 • • • • performance • • • 1Q-2024 • • • • Business • Highlights • • • • • 3
Slide 4: Looking Ahead: Government committed to achieve fiscal surplus and introduce bold structural reforms
Looking Ahead: Government committed to achieve fiscal surplus aur D and introduce bold structural reforms Addressing Government Argentina reached fiscal commercial debt surplus of +0.2% and unpaid Inflation decelerating as of Apr 24 dividends faster than expected 2024e: 161.3% Sustained public suppo
Slide 5: Gradual shift towards private-sector loans while reducing holdings in Central Bank Securities
| Gradual shift towards private-sector loans while reducing holdings in cruro Central Bank Securities as macro improves and loan demand rebounds Shift from Central Bank to Loan portfolio (Sang eo [% of Assets] Ik Central Bank Repos Loans Ee -7% +6% * Persistent trend after March * Higher loan volume
Slide 6: Expanding market share with a focus on SMEs & Corporate loans
Expanding market share with a focus on SMEs & Corporate loans grupo De AA Portfolio OO Looking Forward v SMEs & Corporate Loan * 2024: the year for SMEs & Corporates with a focus on export value chains * Expand above retail portfolio growth First quarter 2024 Growth, in real Market share terms [Q0Q]
Slide 7: • • • • • • +2.4% +35% -14% -40% -18% -15%
• • • • • • +2.4% +35% -14% -40% -18% -15% 7
Slide 8: Commercial Portfolio 64% of total
Commercial Portfolio 64% of total Retail Portfolio 36% of total 8
Slide 9: Sharp decline in market interest rates resulted in a 744-bps drop in cost of funds
• Sharp decline in market interest rates resulted in a 744-bps drop in cost of funds • Unusually high yield in Investment portfolio, capturing the inflation peak in December 2023 and January 2024 9
Slide 10: Revenues and P&A Expenses 1Q24
Revenues 1 P&A Expenses 2 1Q24 1Q24 Q oQ +2.6% Q oQ -19.4% YoY +127.9% YoY -1.4%
Slide 11: Robust Capitalization with the Tier 1 Ratio at 25% supports loan expansion
| Robust Capitalization with the Tier 1 Ratio at 25% supports loan aura. De expansion 1Q 2024 EARNINGS E 7 F » Lower balance . TIER1 Profit capitalization * RWA growth oftax loss Lower expected losses KEY MESSAGE ou tifa cenvtonsents add back to capital arter 0.5% 0.7% 70.3% 21.0% Dec 23 Bank, Net R
Slide 12: 2024 Perspectives: Sharp decline in inflation expected to ignite credit demand
Ox Macro assumptions as of April 2024 (Central Bank Market Expectations Survey): Inflation of 161% and GDP of -3.5% in 2024. 12 2024 Perspectives: Sharp decline in inflation expected to ignite credit demand * Peso Loans anticipated to grow above inflation. Loans Recovery expected to begin in 2Q24 as
Slide 13: Thank You!
Thank You! IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
Slide 14: Back-up
Back-up IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
Slide 15: Contents
| 1Q24 business highlights gure, Vs Par) | ic & Industry Outlook ©_© acroeconomic hnaustry UUtIOo Couteutt OF Supplementary financial Information
Slide 16: Contents
| 1Q24 business highlights gure, = @,® ay { aol ) Industry Performance 16
Slide 17: Financial Sector Loans continue to grow below inflation
Financial Sector Loans continue to grow below inflation cruro Loans to Private Sector [AR$ Bill. in Nominal terms] +171.1% 1% (+27.9%) e8 ( ) (+35,2%6) +25,2%) fear) INFLATION 1024 51.6% 8,834 11,057 13,848 18,723 23,951 YoY 287.9% 202 923 4023 Q2 EEE Loans to Private Sector AR$ Loans [in AR$ Bn. in
Slide 18: Financial Sector AR$ Deposits grew below inflation
Financial Sector AR$ Deposits grew below inflation impacted by negative Grupo J SUPERVIELLE interest rates in real terms, tight monetary policy and Bopreal issuance Private Sector Deposits f gt \ [AR$ Bill. in Nominal terms] +170.7% e8 INFLATION (423.5%) (+26.4%) (+48.9%) (116.4%) 1024 51.6% 4 fo. )
Slide 19: Contents
| 1Q24 business highlights gure, Couteutt OF Supplementary financial Information 19
Slide 20: Loan growth outperforms industry QoQ regaining bps in market share
| Loan growth outperforms industry QoQ regaining 60 bps in market crupo | De share; Corporate loan origination accelerated at quarter-end 1Q 2024 EARNINGS Total Lending [AR$ Mill]? +2.6% 100% 100% a eee 0.6% 1102,261 -15.6% > induct a oans fe) 75754200 sstlase P13,757_] 1Q23 4Q23 1Q24 4Q23 1Q24 “Loa
Slide 21: NPL sequential improvement reflects loan growth and sale of delinquent retail loans
• NPL sequential improvement reflects: • Loan growth • the sale of delinquent retail loans, mainly open market 21
Slide 22: Others
▪ 83,710 14,457 ▪ 27,643 16,690 5,541 15,845 16,800 3,237 -135 5,486 5,359 ▪ 5,936 7,309 5,338 9,397 5,486 -884 6,524 1,425 ▪ 5,338 ▪ 48,624 Others 7.4% 22
Slide 23: AR$ deposits follow industry trend; impacted by negative real interest rates
l AR$ deposits follow industry trend; impacted by negative interest rates in real Grupo J terms and payment of Bopreal to address the importers’ commercial debt SUPERVIELLE Funding Evolution AR$ Deposits Breakdown [AR$ Mill.11) [%] wes 186% +4.4% 18.7% 2,424,748 2,982,623 2,857,666 + 3,093,650 _—-2,
Slide 24: Fee income down 16% QoQ with 52% inflation
Fee income down 16% QoQ with 52% inflation GRUPO a SUPERVIELLE 1Q 2024 EARNINGS Net Service Fee Income ex insurance [AR$ Mill.] Non financial services “6.4% -14,9% Asset Management Other bank fees 24,064.0 26,441.4 1OL Credit Cards -22.8% Deposit accounts
Slide 25: Higher LLPs in 4Q23 reflected update of forward-looking ECL model
• Higher LLPs in 4Q23 reflected the update of the forward-looking ECL model, to incorporate a more challenging macroeconomic context 25
Slide 26: ROAE in real terms increased to 34% in 1Q24
ROAE in real terms increased to 34% in 1Q24 driven by strong NIM, lower crupo J LLPs and sustained cost controls SUPERVIELLE Profit Before Income Tax [AR$ Mill.] 46,467 72395.4 ails? 19,614 22,041 SEG 61,2037 35,369.7 70881 —— -46,108 28,245.4 sate -78,859 65542 106,146 1Q23 2Q23 3Q23 4Q23 1Q24 1023
Slide 27: 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 1Q24 4Q23 3Q23 2Q23 1Q23 QoQ YoY Net Interest Income 213,674 209,004 151,210 122,332 94,869 2.2% 125.2% NIFFI & Exchange Rate Differences 85,383 83,018 25,
Slide 28: Key Indicators
Key Indicators Profitability & eff GRUPO a SUPERVIELLE 1Q24 4Q23 3Q23 2Q23 1Q23 ROAE 33.8% 26.9% 18.5% 17.6% 2.0% ROAA 74% 5.3% 2.9% 2.7% 0.3% Net Interest Margin (NIM) 61.9% 62.2% 29.2% 26.6% 21.9% Net Fee Income Ratio 8.4% 9.9% 16.1% 16.5% 19.4% Cost / Assets 15.2% 18.6% 13.0% 14.4% 13.0% Efficien
Slide 29: Key Indicators: Macro
Key Indicators Macro 1Q24 4Q23 3Q23 2Q23 1Q23 Retail Price Index (%) 51.6% 53.3% 34.8% 23.8% 217% Avg. Retail Price Index (%) 287.9% 2N.4% 138.3% 115.6% 104.3% UVA (var) 69.6% 37.2% 23.9% 25.0% 17.8% Pesos/US$ Exchange Rate 857.42 808.48 350.01 256.68 208.99 Badlar Interest Rate (eop) 70.9% 109.6% 1
Slide 30: Thank You!
Thank You! IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina