52 slides from Intercorp Financial Services's earnings presentation, September 2025
Slide 1: IFS Investor presentation
Slide 2: IFS at a glance
a IFS ata glance
Slide 3: Financial highlights
Financial highlights Assets Gross loans Deposits ~ CB ISG investments (>) Retail digital customers AUMs ROE 9 56 >30% NPS retail banking MS annuities Efficiency ratio
Slide 4: Our strategy
Our strategy “~~ Growth To become a leading digital player with profitable growth ‘g, Customer = To build primary relationships Centricity offering the best digital experience Focus To grow with focus on key businesses
Slide 5: Source: Company information and SBS as of June 2025 1) Excluding private annuities
Source: Company information and SBS as of June 2025 1) Excluding private annuities
Slide 6: Sustainability
ee raoMON
Slide 7: Sustainability as part of our strategic pillars
Sustainability ds part of our strategic pillars, positively impacting our stakeholders Foster respect Responsible 6 = S G for the environment social practices Sustainability culture Reinforce corporate Encourace CSA Score governance, F 4 ch inclusion, equality and 2024 transparency 5 4 A diversity a
Slide 8: IFS is part of the Intercorp Group
IFS is part of the Intercorp Group Financials OFS CJ Interbank Dinterseguro C1 Interfondos INTELIGO GROUP izipay Retail #5 InRetail —_Financierdh! Osu —— InDigital plazovéa <PROMART makro Massy” Olnkafarma @ oumica surza Corporate services Education CORRIENTE ALTERNA— Colectivo23 0 2 idat —_zeceL v
Slide 9: Key investment highlights
Key investment highlights Peruvian economy Consistent growth Resilient financial among the strongest boosted by new performance in the region opportunities Focus on primary Powerful digital relationships through our platform, driven by payment's ecosystem constant innovation
Slide 10: Among the strongest Peruvian economy in the region
_— among the strongest 1 Peruvian economy in the region —_—_ i
Slide 11: Peru at a glance
Peru at a glance Rs C PBI 2025E Domestic demand Main export 2025E products 3.1% 4.4% | Gold 20% Agro 14% Debt to GDP Risk Rating Net international Loans to GDP - reserves to GDP S&P BBB ; ce) 33% k Moody's Baal 28 % 3% 3 itch BBB 2 = at Gg a ; = at = = : Z
Slide 12: Stable economic indicators with positive outlook
Stable economic indicators with positive outlook GDP growth YoY (%) 13.4% 4.0% 9.0% | 2.7% a —_ ] = -10.9% 2018 =2019 2020 2021 2022 Internal Demand YoY (%) 14.5% 41% 9.0% 2.4% -9.6% 2018 2019 2020 2021 2022 Source: Central Bank, MEF, INE and Apoyo -0.6% 2023 Jun-25 4.5% 3.3% 3.1% as ap 2024 2025E 2
Slide 13: Peru is well positioned compared to LATAM peers
Peru is well positioned compared to LATAM peers Expected GDP 2025 growth (%) SS) Avg. inflation 2021-2024 (%) Expected f Cayo) 3.1% Soosry (17% 4.4% 5.2% | | 3.5% | [| 47% | 2.3% 2.3% 20% . . 6.2% 5.1% = L) = = = = Gas — a a Peru Chile Brazil Mexico — Colombia Peru Chile Brazil México — Colombia Exc
Slide 14: Consistent growth boosted by new opportunities
_— Consistent growth boosted by new opportunities —_—_ i
Slide 15: Opportunity: underpenetrated and profitable financial system in LATAM
Opportunity: underpenetrated and profitable financial system in LATAM Loans penetration Formal savings (Loans to GDP) (% of adult population) 88% 39% 25% 42% 42% 17% — | = oe Peru Chile Brazil Mexico — Colombia Peru Brazil Mexico Colombia Account ownership rate Insurance premiums penetration (% of a
Slide 16: Retail loans
Retail loans (S/ bn) +1% YtD consumer loans“) +6% +17 YoY affluent loans YoY CSM stock +42, WM AUMs (Ss) YoY small businesses (ea) G +12. +7% +14 2Q24 2Q25 YoY YoY mid-sized businesses YoY Commercial loans®) (S/ bn)
Slide 17: Interbank becomes the third-largest player in Peru's banking sector
Interbank becomes the third-largest player in Peru's banking sector MS total assets #3 12.7% 13.4% #2 Dec19 Jun24 Jun25 Consumer loans MS total deposits #3 Sales finance
Slide 18: Market share in retail banking loans
46% 48% (+) Market share in retail ai ner banking loans includes payroll deductible loans
Slide 19: Resilience in consumer loans, recovery ahead
Resilience in consumer loans, recovery ahead Consumer loans (S/ bn) COVID-19 2023: Social unrest and Yaku © . Food Domestic oe inflation: demand: ° 11% -2.3% 3Q24: Pension fund withdrawals 9.7 ’ - - ; ; ; : : 2019 2020 2021 2022 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 YoY system 5.7% -4.5% +3.6% con
Slide 20: Deposit momentum enhances our funding mix
Deposit momentum enhances our funding mix Interbank total deposits (S/ bn) MS total deposits MS retail deposits Low-cost 15.0% 14.5% funding 13.3% 13.6% 13.7% 13.5% ° 48.5 Dect9 Jun-24 Jun-25 Dec-19 Jun-24 Jun-25 35.6 or 50% Financial stores -50% 45% 289 255 48% 50% 55% EB 145 Dec-19 Jun-24 Jun-25 a
Slide 21: Insurance strengthen its position in key segments
Slide 22: Resilient financial performance
_— Resilient financial performance
Slide 23: Recovering risk-adjusted profitability
Recovering risk-adjusted profitability Banking - Interest-earning assets (S/ bn) NIM evolution 70.3 74.5 52.4 13% 10.8% 10.6% 9.9% 69% Dec-19 Jun-24 Jun-25 Wloans gi Cashandduefrombanks jg Financial Investments 5.4% 5.2% 5.1% i. Cc -— Funding breakdown (S/ bn) ~ 4.3% a3 vE3 615 647 a - 45.2 14% 1% 3
Slide 24: Disciplined risk management culture
Disciplined risk management culture I System HB ik IBK PDLs vs system reo! EE 3.0% OE 35% ME 5.0% a 3 GE 0 a Commercial AE 3.0% es [mm .«. a 27%: Ti 18% Totq) EEE 3.0% a ¢«: 55% [7M --.. GE 5« 2.6% Dec-19 Jun-24 Jun-25 NPLs trend (Stage 3) Dec-19 2.5% 3.2% 2.9% 2.5% 2.5% 24% Jun-24 Sept-24 Dec-24 Ma
Slide 25: Solid AUM growth drives Inteligo's core performance
Solid AUM growth drives Inteligo's core performance Fee income evolution (S/ mn) +17% yoy +8% QoQ 50 2Q24 1Q25 2Q25 Fi rees/ 0.7% 0.7% 0.7% Assets under management 9 +6.4 (USS bn) 5Y CAGR 7,166 6,817 5,520 5,218 2019 Jun-24 Jun-25 i Inteligo Bank = Interfondos —_—
Slide 26: Interseguro strengthens its insurance portfolio with double-digit YoY growth
Interseguro strengthens its insurance portfolio with double-digit YoY growth Long- term insurance (S/mn) 9 Short-term insurance (S/mn) Cavetoce by business unit) ( ) FITR vor (Insurance PAA net premiums) LEE lo) 1% Qo ° 123 122 ° 956 1.005 58 2Q24 125 2Q25 534 Results from investments (S/mn) (S/mn)
Slide 27: Efficiency remains a top priority: sound efficiency ratio
Efficiency remains a top priority: sound efficiency ratio IFS expenses (S/mn) Banking expenses (S/mn) cil 38.9% 38.9% 39.2% 40.6% cj 34.4% 37.4% 37.9% 35.7% 1612 2,057 2,900 2019 2024 1H24 1H25 +5% CAGR +8% YoY 1,978 1,409 1,528 Banking expenses breakdown (S/ mn) YoY +9% +8% +8% +8% 20 27 1,085 | el
Slide 28: Earnings resilience throughout the credit cycle
Earnings resilience throughout the credit cycle ~ @6600000 Net income (S/. mn) 1 Boe 1,678 1,450 1,307 1,091 1,079 1,026 a6 . = 2018 2019 2020 2021 2022 2023 2024 1H25 Dividend per Share (US$) (ws) (18) (ws) Payout Ratio 61% 46% 85% 45% 31% 40% 32% Dividend Yield 4.2% 3.3% 6.6% 5.0% 4.6%
Slide 29: Sound capitalization levels
Sound capitalization levels TCR Banking System 14.1% 15.9% TCR 15.2% 15.0% 4Q19 2Q24 Source: Companyinformationand SBS CETI ratio 17.3% 13% nam 7% 16.9% 7 6.8% 17% Reg. min, ~ Reg. min. 2Q25 4Q19 2Q24 2Q25 127.2% 130.3% — 100% Reg. min, 2Q24 2Q25 19.2% 16.6% 12% Reg, min. 2Q24 2Q25 —,
Slide 30: Focus on primary relationships through our payment's ecosystem
_— 4 Focus on primary relationships through our payment's ecosystem —_—_ i
Slide 31: MS inflows and MS retail payroll deposits
~14., ce ~15% MS inflows MS retail payroll deposits
Slide 32: Through our powerful payments ecosystem
.. through our powerful payments ecosystem Pay everywhere, with Grow your business We optimize your your mobile phone with our solutions cash management a
Slide 33: Businesses
Businesses +20 Y = IzipayYa ; YoY Sales volume , ek : Financeloans 39% IBK share of Izipay flows
Slide 34: Driving innovation with a powerful digital platform
_— Driving innovation with a powerful digital platform —_—_
Slide 35: Digital platform: payments, savings, insurance, lending, investments
Payments Plin IzipayYa Savings Izipay 100% Piggy My finances digital account bank Insurance SOAT digital Lending TC 360° Digital financing Life insurance Line BNPL management Marketplace Investments Marketplace Inteligo SAB Erni Loyalty & promotions Inteligo Bank
Slide 36: Customer base growth continues across businesses
Customer base ee continues across businesses Banking (mn) Wealth management - customers (th) BG Jun-24 Jun-25 Jun-24 Jun-25 Insurance — customers (mn) B% vor ST mn Unique clients IFS
Slide 37: Interbank app
71 74 Dinterbank Hola £Qué haremos hoy? Bloquear Pagarcon Serviciosy Plineara tarjeta = QR’—recargas celular
Slide 38: Increasing digital adoption in wealth management
Increasing digital adoption in wealth management Interfondos digital transactions Interfondos digital users (% of digital transactions) (% of total Interfondos customers) 50% ite as - 23% Dec-21 2Q24 2Q25 Dec-21 Jun-24 Jun-25 —
Slide 39: Direct digital sales
Direct digital sales (Written premiums-s/mn) 2Q24 2Q25 +11% yor
Slide 40: 39
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Slide 41: Operating trends 1H 2025
Operating trends 1H 2025 Profitability Continued path to recovery IFS ROE 18.4% ~ ‘4. s¢ Revenues Slight recovery NIM IBK NIM 5.1%
Slide 42: Takeaways
Takeaways Peruvian economy Consistent growth Resilient financial among the strongest boosted by new performance in the region opportunities Focus on primary Powerful digital relationships through our platform, driven by payment's ecosystem constant innovation
Slide 43: Appendix
Slide 44: Diversified financial platform
Diversified financial platform Net Income by segment (S/. bn) Banking Insurance Wealth management % of -@60600 6060 0 86 o & & & 1229 292 198 200 1011 1007 202 856 130 137 oe - § =z 2018 2019 2023 2024 2018 2019 2023 2024 2018 2019 2023 2024 RoE (20%) (73%) Payout ‘45%! (459%!
Slide 45: Continuous positive quarterly trends
Continuous positive quarterly trends 20.7% 54.2% 79 H 141 i 14.9% 348 3 H 2% 299 343 328 ' 140 221 -20 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 i Interbank Mi Interseguro Inteligo ROE IFS (1) 2025 holding results: $/ 55.6milions —
Slide 46: YoY earnings drive quarterly ROE to >20%
+2.0. ROE 11.1% 15.5% 14.4% . . 385 528 +1.5xX yoy YoY earnings drive 221 oS a viesa60 quarterly ROE to >20~ _ 2Q24 1Q25 2Q25 IFS quarterly net profit (S/ mn) ROE 58.5% 58.3% 47.5% ROE 11.2% 16.3% 20.7% 9 92 81 +3% Yo -12% QoQ 446 2924 125 225 ROE 2.7% 14.2% 37 ~20x Yor 2Q24 1925 2Q25 6 +3.1x QoQ +3
Slide 47: Slight recovery of our credit cards and personal loans portfolio
Slight recovery of our credit cards and personal loans portfolio Credit cards and personal loans (S/ bn) (QoQ trend) Var QoQ Credit cards FA turnover 2Q24 3Q24 4Q24 1Q25 2Q25 Retail COR 7.2% 5.3% 4.9% 4.1% 4.2%
Slide 48: NIM and risk-adjusted NIM evolution
NIM and risk-adjusted NIM evolution 1.2% 10.9% 1% 0.9% 10.8% 10.6% 105% 103% som on — , , 9.0% 94% . —~o— _ _ 7.9% 0% 5.5% 53% 5.2% 5.3% 5.3% 5.2% 5.1% 4.0% a3 _ 8% ° _ ° — 3% a —— 3.5%3.9% — 35%3.2% 3.3% 90 3.4% sox 15% 2.5% o% zoWveewited coaster 2019 2020 2021 2022 2023 1024 2924 3a24 4Q24 1025 2
Slide 49: Improvement in funding mix
Improvement in funding mix Low-cost funding (%) Low-cost funding (S/bn) YoY 34% 22.1 +12% 32% 19.7 sx — 63 Gs +7% ae ~ 2Q24 2Q25 2Q24 2Q25 mRetail | Commercial gg institutional jl Other 1) Lowostfundingas a %of total funding Low-cost funding includes retail deposits (excluding term deposits) and tra
Slide 50: Sustainability update
Sustainability update Environmental Social Great Place To Work 2025) +uso4.0 Tin = 1, 2m >1600 33600 33 Interseguro#7 ccvelyosng Rumbo Excuelg lzipay'sfinancial Financial stores obtained —_ 2. Vid Cashin 2025 iREC certificates for Governance renewable energy use Equator 1 O O- Principles Report @ of
Slide 51: Strong corporate governance
Strong corporate governance >
Slide 52: Slide 52