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

Banco Bilbao Vizcaya Argentaria — Shareholder Meeting (March 2024)

14 slides from Banco Bilbao Vizcaya Argentaria's shareholder meeting presentation, Mar 1, 2024

1. Slide 1: Onur Genç, CEO

   Onur Genç CEO

2. Slide 2: Highest Net Attributable Profit ever

   2 Highest Net Attributable Profit ever RECURRING NET ATTRIBUTABLE PROFIT (€ BILLIONS) 8,019 M€ 6.6 5.1 4.8 4.6 4.6 3.9 3.8 3.1 2.6 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Note: Recurrent Net Attributable Profit figures, excluding discontinued operations and non-recurring results, as reported

3. Slide 3: Leaders in Europe in growth, profitability and efficiency

   3 Leaders in Europe in growth, profitability and efficiency GROWTH PROFITABILITY EFFICIENCY (GROSS LOANS 2023) (RETURN ON TANGIBLE EQUITY 2023) (COST TO INCOME RATIO 2023) +7.6 constant % 17.0 % 42 % +5.5% current EUROPEAN EUROPEAN EUROPEAN PEERS PEERS PEERS -0.8 % 12.4 % 54 % Note: BBVA growth rate o

4. Slide 4: Profitable growth successful strategy

   4 Profitable growth successful strategy LOAN GROWTH GROSS LOANS (2023 VS 2022) Peer 8 Peer 3 Peer Peer 10 Peer 5 11 Peer 6 Peer 1 Peer Peer 9 Peer 12 Peer 2 13 Peer 4 Peer 7 PROFITABILITY RETURN ON TANGIBLE European Peer Group: BARC, BNPP, CABK, CASA, DB, HSBC, ING, ISP, LBG, NDA, SAN, SG, UCG. Europ

5. Slide 5: Prudent risk management

   5 Prudent risk management NPL RATIO 4.4 4.2 4.2 4.1 3.4 3.4 (%) COVERAGE RATIO 72 75 82 75 81 77 (%) 1.55 1.09 1.04 0.93 0.91 1.15 COST OF RISK (YTD, %) 2018 2019 2020 2021 2022 2023 Note: For comparison purposes, figures exclude BBVA USA business sold to PNC.

6. Slide 6: Excellent performance of the business areas

   6 Excellent performance of the business areas NET ATTRIBUTABLE PROFIT NET PROFIT (€M) VAR.% vs 2022 SPAIN 2,755 +65 % MEXICO 5,340 +17 % TURKEY 528 +5 % SOUTH AMERICA 613 -17 % Note: Mexico variation in constant euros.

7. Slide 7: Gain of market share in all our geographies

   7 Gain of market share in all our geographies LOAN MARKET SHARE SPAIN MEXICO TURKEY COLOMBIA PERU 24.7 % 21.2 % 18.3 % 13.8 % 11.6% 2018 2023 2018 2023 2018 2023 2018 2023 2018 2023 +34 bps +38 bps +78 bps +50 bps +90 bps 23/22 23/22 23/22 23/22 23/22 Note: Market share charts illustrate market shar

8. Slide 8: Differential profitability in our main markets

   8 Differential profitability in our main markets PROFITABILITY BBVA (ROE 2023, BBVA VS LOCAL PEERS) Local Peers 44.9% 26.9% 19.0 % 16.1 % 3.1% SPAIN MEXICO TURKEY COLOMBIA PERU

9. Slide 9: Good expectations for 2024

   9 Good expectations for 2024 Net Attributable ROTE EFFICIENCY RATIO >17 % <42 % Profit to continue growing in 2024 We will outperform all goals from the 2021-2024

10. Slide 10: Bring more clients to the bank is the best growth strategy

    10 Bring more clients to the bank is the best growth strategy ACTIVE CLIENTS BY SEGMENT (VARIATION 2023 VS 2022) RETAIL SMES ENTERPRISES BANKING +6.2 % +7.7 % +3.2 %

11. Slide 11: We leverage the opportunities of digitalization

    11 GLOBAL RETAIL MOBILE APP (APP’S SCORE 1 TO 5) 4.66 4.58 4.46 3.85 We leverage 2.92 the opportunities of digitalization to improve customer’s 2019 2020 2021 2022 2023 experience Source: Google Play & App Store in 2023

12. Slide 12: Sustainability represents a great opportunity for growth

    12 SUSTAINABLE BUSINESS GROWTH BY SEGMENT Sustainability (2023 VS 2022) represents a great RETAIL BANKING ENTERPRISES CORPORATE & INVESTMENT BANKING opportunity for growth in all +43 % +99 % +20 % business segments

13. Slide 13: The best and most engaged team

    13 The best and most engaged team EMPLOYEES ENGAGEMENT SURVEY A team of more than 4.43 4.37 120,000 4.26 4.25 4.11 4.02 people 2018 2019 2020 2021 2022 2023 Note: Score 1 to 5.

14. Slide 14: Onur Genç, CEO

    Onur Genç CEO

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