Banco De Credito E Inversiones · BCS:BCI
Banco De Credito E Inversiones — Q1 2025 Earnings Presentation
27 slides from Banco De Credito E Inversiones's earnings presentation, May 2025
Slide 1: 1Q 2025 Corporate Presentation
1Q 2025 Corporate Presentation Investor Relations Department | Investor_Relations_Bci@Bci.cl May 2025
Slide 2: Bci at a glance
Bci at a glance
Slide 3: Leading financial institution in Chile by Assets and Loans
Leading financial institution in Chile by Assets and Loans Profitable and financially sound Diversified business model Bci/Subsidiary Diversification as of March 2025 • Largest bank in Chile (total loans) • 3rd Largest Florida-based bank US$ 85.6bn US$ 58.2bn (-5.6% YoY) (+4.0% YoY) Total Assets Tot
Slide 4: Executive Summary
Executive Summary We achieved a record Net income in 1Q25, increasing 31.8% YoY Financial Balance Sheet Key Results Composition Initiatives ● Net Income: +31.8% Growth. ● Board Transition: Ignacio Yarur ● Loans: +4.0%, driven by Mortgage and appointed Chairman; Mauricio Larraín ● NIM (Consolidated):
Slide 5: Chilean financial system
Chilean financial system
Slide 6: Bci is part of a robust and highly regulated financial system
Bci is part of a robust and highly regulated financial system CHILE. Quarterly GDP growth and forecast (%, YoY) Banking system capitalization ratio (Basel III) Total loans in the banking system (US$bn) 2 Chilean banking regulation – upgrading to Basel III CET1 capital declined by 6 basis points year
Slide 7: Bci Consolidated
Bci Consolidated
Slide 8: A successful strategy supported by its strong corporate governance
A successful strategy supported by its strong corporate governance Long-term support from its controlling shareholders… …and strong corporate governance Private pension funds Board of Directors is composed by experts in various fields, academics, economists, 10.75% bankers and individuals connected
Slide 9: Bci maintains a relevant position in the market
Bci maintains a relevant position in the market % Market share in Chilean banking system Chilean banking system benchmark In US$mm, as of March 2025 Loan breakdown1 Assets1 Other Other banks banks (12) (12) 15.1% 16.8% 15.3% 16.3% 13.3% 9.4% 13.8% 15.0% 18.5% 15.7% 14.9% 12.2% 9.5% 14.2% Commercial
Slide 10: Loan growth evolution
Loan growth evolution Total loans (US$mm) Commercial & Interbank loans (US$mm) CAGR CAGR Consumer lending loans (US$mm) Mortgage loans (US$mm) CAGR CAGR Source: Financial Market Commission (CMF). Note: Figures are converted to US$ using an FX of USD/CLP of 953.07 (April 1st 2025); Including the subs
Slide 11: Successful organic growth in Chile
Successful organic growth in Chile… Return on average Equity (ROAE) 1 Local loans market share (%) 2 as of March 2025 23.49% Chile 22.76% 14.44% 12.87% 10.64% 9.90% +69 bps of market share Return on average assets (ROAA)1 as of March 2025 2.33% 1.50% 1.06% 0.94% 0.90% 0.91% Source: CMF as of March 2
Slide 12: …with diversified and funding cost
…with diversified and funding cost In terms of maturity, currency and geography Funding Sources Breakdown by type 1 Long term funding composed primarily of UF local bonds in the Chilean market, complemented by other international issuances, through our EMTN program in US dollars, Euros, Swiss Francs
Slide 13: Risk Evolution
Risk Evolution Highlights Loan loss provisions / Average Gross Loans Bci's asset quality is supported by proactive risk management and monitoring. We have a stock of over US$ 237 Million in additional provisions. Our loan portfolio is well diversified by business lines, economic sectors, and custome
Slide 14: Evolution of NPL's
Evolution of NPL's NPL Ratio (NPLs/Total Loans)* NPL Ratio (Commercial Loans) NPL Ratio (Consumer Loans) NPL Ratio (Mortgage Loans) NPLs Consumer Loans excluding Lider Bci Note: Includes Bci subsidiary in USA (CNB) and Bci Peru. *Does not include Interbank loans
Slide 15: Financial Services: NPL's
Financial Services: NPL's Figures are converted to US$ using an FX of USD/CLP of 953.07 (April 1st 2025)
Slide 16: Operating Expenses
Operating Expenses Operating Expense (YTD) Expense Breakdown US$ million as of March 2025 Efficiency Ratio* * Efficiency ratio as calculated by the CMF (operating expenses excluding other operating expenses/gross operating result). Note: Figures are converted to USD using an FX of USD/CLP of 953.07
Slide 17: Balance sheet
Balance sheet CAGR US$ million (*) 2021 2022 2023 2024 1Q 2024* 1Q 2025* %D 2021-2024 Cash 4,628 4,466 3,798 3,701 -7.18% 4,603 4,079 -11.37% Securities 21,580 20,929 18,970 18,043 -5.79% 20,428 16,374 -19.85% Loans 49,073 49,331 52,616 58,299 5.91% 55,989 58,239 4.02% Other Financial Instruments 15
Slide 18: Financial results
Financial results CAGR US$ million (*) 2021* 2022* 2023* 2024 1Q 2024* 1Q 2025* %D 2021-2024 Net Interest Income 1,676 2,423 2,121 2,358 12.05% 612.0 644.9 5.37% Net Service Fee Income 364 385 358 419 4.80% 93.9 119.3 27.11% Other Operating Income 228 24 166 95 -25.25% 34.7 64.5 85.9% Operating Inco
Slide 19: City National Bank
City }y National V Bank
Slide 20: In 2025, we have continued to expand our NIM, maintain strong liquidity
In 2025, we have continued to expand our NIM, maintain a strong liquidity position, improve our capital ratios and our CRE portfolio remains well managed Client Deposits Liquidity NIM Capital Investments CRE Client deposits Our CET 1 ratio 99% of our Our commercial We maintained Both our net have in
Slide 21: Client deposits have grown significantly more than the banking industry
While total deposits in the banking industry have slightly increased this year (includes brokered deposits), our client deposits have grown significantly more, outpacing the industry by ~4x Total Deposits ($MM) Banking Industry - Total Deposits ($B) Client Deposits QoQ change: +$1.3B +7.1% Total Dep
Slide 22: Total loans grew 3% in Q1-2025 while maintaining strong asset quality
Total loans grew 3% in Q1-2025 while maintaining strong asset quality (nonaccrual ratio <1%) Total Assets ($MM) Total Loans & Leases ($MM) Total Loans QoQ change: Non-owner +$554MM +3.0% occupied +$692 +$554 CRE represents (+3%) (+3%) 48% of total $26,480 $27,172 $18,198 $18,752 portfolio Dec-24 Mar
Slide 23: CRE loans are well diversified across various property types
CRE loans are well diversified across various property types with low LTVs (49%), strong DSCR (1.9x) and excellent asset quality and ACL ratios CRE by Property Type % % Full & On BS Commitment % Balance % % of WAvg WAvg % Accr Non- % In Partial Reserve Property Type ($M) Total ($M) Total RBC LTV % D
Slide 24: Net income after taxes grew 20% QoQ and 57% YoY
Net income after taxes grew 20% QoQ and 57% YoY Q1 Q4 Q1 $ Var % Var $ Var % Var INCOME STATEMENT ($ millions) 2024 2024 2025 QoQ QoQ YoY YoY (+) Net Interest Income $117.7 $149.3 $161.1 $11.9 7.9% $43.4 36.9% (+) Non-Interest Income $32.1 $25.6 $28.2 $2.6 10.3% -$3.9 -12.1% (=) Operating Income $14
Slide 25: Net income after taxes grew primarily driven by higher net interest income
Net income after taxes grew 20% ($9MM) QoQ and 57% ($20MM) YoY primarily driven by higher net interest income QoQ net income comparison: Q4-24 vs. Q1-25 ($MM) YoY net income comparison: Q1-24 vs. Q1-25 ($MM) +$9 (20%) +$20 (57%) $3 ($4) ($2) $55 ($14) Q1-2024 non- ($8) $12 $12 interest inc. $46 incl
Slide 26: Both our net interest income and margin increased for the fifth consecutive quarter
Both our net interest income and margin increased for the fifth consecutive quarter: In Q1-2025, our NIM expanded 18bps (13bps, normalizing for one-timers) Net interest income ($MM) Net Interest Margin (%) +$17 +$12 +72bps (+13%) (+8%) +0.18 +$13 +0.26 +$4 +$2 (+11%) $161 2.55 +0.16 (+1%) $149 +0.06
Slide 27: Forward-looking statements
This presentation contains forward-looking statements in various places throughout therein, related to, without limitation, our future business development. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “believe”, “expect”, “plan”, “intend
Banco de Crédito e Inversiones (Bci) — Q1 2025 Earnings Presentation on 6ix