Slide 1: Results Presentation 2023
25 JANUARY 2024 Results Presentation 2023
Slide 2: Regulatory framework
Results Regulatory framework Bankinter advises that this presentation contains forward-looking statements. These can be found in various parts of this document and include, without limitation, statements concerning our future business Bankinter presents its financial statements in accordance with th
Slide 3: KPI's 2023 vs. 2022
Results KPI’s 2023 vs. 2022 Loan book €77bn +4% Customer deposits €82bn +9% Off-balance sheet managed funds €44bn +18% Gross Operating Income €2,661M +28% 3 Pre-provision profit €1,667M +43% Profit before taxes €1,229M +57% Results 2023 Net income €845M +51% NPL ratio 2.11% +1bps Coverage ratio 65%
Slide 4: Content
Results Content Results Risk Management 4 Results 2023 Businesses Summary
Slide 5: Results
01 02. 5 Results 2023 Risk Managemen Results t
Slide 6: FY2023 Profit & Loss statement
Results 01. FY2023 Profit & Loss statement Bankinter Group In million of euros Dif. € Dif. % 2023 2022 23/22 23/22 Net Interest Income 2.213 1.537 677 44% Net fees and commisions 624 606 18 3% 6 Other Income/Expenses -177 -59 -119 n.a. Gross Operating Income 2.661 2.084 576 28% Results 2023 Operatin
Slide 7: 4Q23 Profit & Loss statement
Results 01. 4Q23 Profit & Loss statement In million of euros Bankinter Group Dif. € Dif. % Dif. € Dif. % 4Q23 3Q23 4Q22 4Q23/3Q23 4Q23/ 3Q23 4Q23/4Q22 4Q23/4Q22 Net Interest Income 575 570 4 1% 471 104 22% Net fees and commissions 165 156 10 6% 154 11 7% 7 Other Income/Expenses -85 1 -86 n.a. -58 -2
Slide 8: Balance sheet
Results 01. Balance sheet +€2.6bn +6.4bn YoY YoY Loan book Retail Deposits In billion of euros In billion of euros +3.6% +8.5% Spain +1.0% Sector* -3.5% YoY Spain +6.3% Sector** -1.3% YoY 81,6 8 CAGR CAGR 76,9 75,2 2018-23 74,2 2018-23 72,5 4,0 7% 68,0 10% 3,4 3,8 Results 2023 2,7 3,7 1,9 3,4 1,2 0,
Slide 9: Net Interest Income
Results 01. Net Interest Income NII evolution +44% +€6,2bn Customer Margin In million of euros vs 2022 In % 3,89 2.213 CAGR 2018-23 9 1.537 70 15% 1.275 3,00 1.247 2,07 2,15 1,98 1,93 1,85 Results 2023 38 27 1,92 2,01 2,05 12 26 1,88 1,82 2.144 0,89 1.498 1.094 1.156 1.221 1.249 Δ 0,06 0,06Δ 0,05 0,
Slide 10: ALCO Portfolio
Results 01. ALCO Portfolio HTC FV Total Var. vs.Dec.22 Amount (€bn) 10.0 1.1 11.1 -0.5 Duration (years) 4.6 1.6 4.3 -0.7 10 Avg. maturity (years) 9.7 2.6 9.0 +1.1 Results 2023 Yield (%) 2.3 1.8 2.2 +0.3 Unrealised Capital gains (€mn) -399 -48 -447 492 ALCO Portfolio / Total Assets 9.9% ALCO Portfoli
Slide 11: ALCO Portfolio breakdown and maturities
Results 01. ALCO Portfolio ALCO breakdown Maturities In % In million of euros 5.912 22% 11 Results 2023 €11.1bn 53% 1.632 25% 945 795 724 545 583 2024 2025 2026 2027 2028 2029 >2029 Spanish Sovereign Other Sovereign Other
Slide 12: Fee Income
Results 01. Fee Income Breakdown of fees received 2023 Net fees In million of euros In million of euros +3% vs 2022 Asset Management 196 +1% CAGR Payments & collections 182 +10% 2018-23 624 12 7% Brokerage & custody 121 +10% 7 7 Risk transactions 96 45 +8% Results 2023 5 Life insurance & Pensions 86
Slide 13: Other Income / Expenses
Results 01. Other Income / Expenses In million of euros 2023 2022 Dif. € % Dif. Equity method 32 37 -5 -14% Trading income/losses & Dividends 51 89 -38 -43% 13 Regulatory charges -212 -140 -72 52% Results 2023 of which Banking Tax -77 n.a. n.a. n.a. Other operational income/expenses -47 -44 -3 8% To
Slide 14: Total Operating Income
Results 01. Total Operating Income +28% vs 2022 Total Income In million of euros 2.661 CAGR 2018-23 13% 2.084 66 14 1.855 97 1.709 306 1.649 37 80 Results 2023 24 21 191 12 59 35 58 152 123 138 120 2.269 1.620 1.777 1.394 1.479 1.492 2018 2019 2020 2021 2022 2023 Spain Portugal Ireland EVO
Slide 15: Operating expenses
Results 01. Operating expenses C/I Bankinter Total expenses breakdown Cost-to-income ratio Spain 2023* In million of euros and YoY in % Last 12 months rolling in % +8% 34% vs2022 +8% +4% +2% 15 +11% +7% 82 48,9% 48,5% 46 62 46,8% 102 46,0% 44,0% Results 2023 353 €993M €993M 37,3% +8% +10% 558 783 Pe
Slide 16: Pre-Provision Profit
Results 01. Pre-Provision Profit Pre-Provision Profit In million of euros and YoY in % x2 16 +4% +14% +16% +43% Results 2023 1.166 1.667 1.002 843 880 2019 2020 2021 2022 2023
Slide 17: Cost of risk & other provisions
Result 01. Cost of risk & other provisions Cost of Credit Risk Other provisions In % of total risk exposure* and in million of euros In % of total risk exposure* and in million of euros 17 0,39% 45 242 0,39% 0,34% 0,24% 0,25% Results 2023 0,22% 0,32% 0,19% 359 178 283 144 144 138 0,13% 0,23% 274 229
Slide 18: Total Group Net Income
Results 01. Total Group Net Income CAGR 2018-23 - In million of euros - 10% 845 18 551 560 526 Results 2023 437* 317 2018 2019 2020 2021 2022 2023 * Net income excluding Linea Directa spin-off
Slide 19: Profitability
Results 01. Profitability Dividend payments TBV + Dividends growth ROE (in euros per share) +€6,2bn +61% In % +11% vs 2022 17,1 13,2 13,0 12,0 9,6* 7,0 5,43 6,04 19 0,45 0,28 2018 2019 2020 2021 2022 2023 Δ Results 2023 ROTE 5,15 5,59 In % 18,1 14,2 14,3 12,7 10,2* 7,4 2022 2023 TBV per share Divide
Slide 20: Risk Management
02 20 Results 2023 Risk Management
Slide 21: Credit Risk
Risk Management 02. Credit Risk Sector in Non-performing loans 65% NPL ratios in Spain Spain* Coverage In billion of euros and ratio in % In % 3.6% ratio 1,81 Bankinter Bankinter 21 1,68 1,69 1,69 1,73 2023 2022 1,58 Results 2023 Households 1.7% 1.8% 2,90% Corporate/SMEs 3.0% 2.8% 2,51% 2,37% 2,24%
Slide 22: Foreclosed assets
Risk Management 02. Foreclosed assets Stock of foreclosed assets Activity in 2023 In million of euros -31% vs 2022 Book value of sold Total price of 64% assets sold assets 22 348 Coverage ratio 291 53M€ 30M€ 227 Results 2023 171 Average discount Average coverage 123 of sold assets of sold assets 85
Slide 23: Capital
Risk Management 02. Capital Pilar II (P2R) Capital Requeriment 2024 CET1 12.3% Buffer +4.57% 1.39% Regulatory min.7.73% CET1 ratio “fully loaded” 4th lowest out of 108 in % European banks Leverage ratio 1,18 12,51 0,06 12,30 -0,32 4.9% 11,86 -0,20 -0,01 -0,11 23 -0,16 Total Capital ratio +65bps orga
Slide 24: Liquidity
Risk Management 02. Liquidity Commercial gap Loan-to-deposits ratio In % In billion of euros -2.9 p.p vs 2022 3,7 94.3% 97.2% 1,3 24 €8.9bn 2022 2023 2018-0,7 2019 2020 -3,92022 2021 2023 Results 2023 -1,5 Wholesale funding maturities -1,5 -2,2 In million of euros 2.050 -5,2 1.632 -5,3 1.000 1.100 9
Slide 25: Liquidity
Risk Management 02. Liquidity HQLAs 12M average €19.6bn Liquid Assets €27.6bn Issuance capacity €5.0bn LCR 12M average 206% 25 TLTRO III Outstanding Results 2023 Notional amount Last Tranche Settlement date Maturity date (million €) TLTRO III.7 1,294 24/03/2021 27/03/2024
Slide 26: Businesses
• Banking activity 26 (Spain & Portugal) • Consumer Finance Results 2023 activity (Spain, Portugal & Ireland) • EVO Banco Businesses 03
Slide 27: Contribution to Total Income by Business
Business 03. Contribution to Total Income by Business In % of Total Income 2023 2018 (ex-LDA) New Businesss* 1% 8% New 13% 23% 3% 2% Businesss* 4% 32% 31% 27 7% 11% 7% Results 2023 13% 9% 30% 10% 28% Corporate/SME banking Retail banking BK Portugal BK Consumer Finance BK Investment banking BK Irelan
Slide 28: Corporate and SME banking
Business 03. Corporate and SME banking Loan book ICO financing In billion of euros In billion of euros Spain Sector* +2.8% -5.0% +4.6% Drawn NPL on vs amount original exposure 2022 €4.7bn 3.4% 28 CAGR 2018-23 6% Corporate business Results 2023 32,8 31,4 Loan book 28,4 28,7 International Supply chain
Slide 29: Bankinter Investment
Business 03. Bankinter Investment IB Total Income Alternative Investments In million of euros 233 187 23 Structured vehicles 69 29 154 45 >€4.7bn Committed capital Results 2023 72 79 >10.000 Bankinter investors 47 164 47 31 82 €966M Cumulative pay-out 47 56 63 42 Debt products 2018 2019 2020 2021 20
Slide 30: Bankinter Investment: Alternative Investment vehicles
Business 03. Bankinter Investment Alternative Investment vehicles 10 sectors 361 assets 14 countries Investments by Sectors # of Assets Geographical split 30 Hypermarkets/Supermarkets 109 15 Hotels 15 5 235 45 3 Results 2023 8 sectors Renewable energy 15 assets 2 34 2 Students housing 26 26 1 Infras
Slide 31: Wealth & Retail Banking
Business 03. Wealth & Retail Banking Customer assets In billion of euros €103bn +11% Net New Money 2023 +€3.2bn vs Dic.22 Net New Money 2023 +€2.8bn Market effect 2023 +€3.0bn Market effect 2023 +€1.5bn 2018 35,7 2018 21,6 31 2019 40,4 2019 23,7 2020 42,8 2020* 25,9 Results 2023 +62% 2021 49,9 2021
Slide 32: Off Balance Sheet funds
Business 03. Off Balance Sheet funds Assets managed by type In billion of euros CAGR 2018-23 +€17.3bn 10% +65% vs 2018 +€6.7bn +18% vs 2022 Var. vs. 2022 32 43,9 41,1 37,2 6,1 +30% 5,9 30,4 31,2 4,7 3,9 Results 2023 26,7 3,8 3,5 +12% 4,8 5,0 4,5 3,1 3,3 20,9 2,8 20,4 17,7 14,2 +18% 10,9 13,6 11,0 11
Slide 33: Retail Banking
Business 03. Retail Banking Salary account balances in Spain New mortgage production Mortgage back book In billion of euros In billion of euros In billion of euros Market share* +4% 7.0 % Spain -0.1% Sector** -3.3% YoY #salary accounts Fixed rate 39% -14% Fixed rate 36% 33 +57% vs2022 +3.5% vs2022 6
Slide 34: Bankinter Portugal
Business 03. Bankinter Portugal Business indicators P&L 2023 In billion € €9.2bn In million € 2023 2022 Dif. % Loan book +16% YoY 34 Net Interest Income 246 133 85% Retail banking Corporate/SME banking Net fees and commissions 68 66 3% €6.1bn +11% €3.1bn +27% Other income/expenses -7 -8 -2% Results
Slide 35: Bankinter Portugal
Business 03. Bankinter Portugal Total Income Cost-to-Income ratio In million of euros In % +61% 73,7% 70,2% vs2022 CAGR 60,4% 2018-23 56,8% 35 21% 49,5% Results 2023 306 33,4% 191 138 152 120 123 2018 2019 2020 2021 2022 2023 2018 2019 2020 2021 2022 2023
Slide 36: Bankinter Consumer Finance
Business 03. Bankinter Consumer Finance Cost of Risk 2.5% €6.8 bn Loan book Breakdown by product type +23% YoY In billion € and % difference YoY Risk-adjusted return 4.1% €4.6 bn ex-Mortgages +16% YoY NPL ratio 2.2 +41% 3.9% 3.1 36 +19% Cost-to-income €6.8bn 27% Results 2023 0.4 -1% Total Income In
Slide 37: Bankinter Ireland
Business 03. Bankinter Ireland Cost of Risk €3.0bn Mortgages: €2.2bn +41% An award-winning company 0.7% Loan book Consumer lending: €0.8bn +19% 37 +34% vs2022 Results 2023 NPL ratio New Mortgage production: €0.8bn -37% 0.4%
Slide 38: EVO Banco
Business 03. EVO Banco New mortgages Total loan book Total Income In million of euros In million of euros In million of euros Mixed rate 0.5% +25% +78% NPL PBT >0 vs2022 65% ratio vs 2022 38 -11% 3.393 s/ 2022 Results 2023 2.719 984 873 729 66 1.860 395 37 1.224 21 24 112 1.096 2019 2020 2021 2022 2
Slide 39: New Sustainability Plan 2024-2026
Business 03. Sustainability Closing 3D New plan 2021-2023 Sustainability ▪ Achievement of targets Plan 2024-2026 39 ▪ Recognition Results 2023 3 strategic pillars More ambitious ▪ Responsible action ▪ Group-level scope ▪ Differentiation ▪ New sustainability ▪ Sustainable business trends
Slide 40: Summary
5 6 Results 2023. —— bankinter.
Slide 41: KPI's Summary
Summary 04. KPI’s Balance sheet €2,661M €1,667M €845M Pre-Provision Total Income Profit Net Income €77bn €82bn +28% Loan book Retail funds 41 +43% +51% +4% +9% NII Fees +44% +3% Results 2023 NPL ratio CET1 ratio ROE Coverage ratio “FULLY LOADED” 17.1% 2.1% 65% 12.3%
Slide 42: Results Presentation 2023
25 JANUARY 2024 Results Presentation 42 2023 Results 2023
Slide 43: Glossary
Glossary In addition to financial information prepared in accordance with IFRS Standards, this document includes alternative performance measures (‘APMs’), based on the Guidelines on Alternative Performance Measures published by the European Securities and Markets Authority on 30 July 2015 (ESMA/201