Slide 1: Investor Presentation 1H 2024 Results
Investor 1H 2024 RESULTS Presentation 25 July 2024
Slide 2: Agenda: 1H 2024 Financial Results
To be the No. 1 private bank, unique by value of service, innovation and sustainability 1H 2024 Financial Results To be the No. 1 Balance Sheet & Capital Ratios private bank, unique Net Inflows, Assets and Recruiting by value of Business Update and Closing Remarks service, innovation Annex and susta
Slide 3: 1H 2024 Results: Executive Summary
1H 2024 RESULTS: EXECUTIVE SUMMARY 1H 2024: sound business trends and favorable financial markets • Net profit at €239.6m (+37% YoY) with a recurring component at best interim level (€170.4m) • Buoyant variable net profit (€69.1m) reflecting strong asset performance delivery • Client assets at €99.0
Slide 4: Net Profit
NET PROFIT STRONG RESULT DRIVEN BY ASSET EXPANSION AND IMPROVING MIX Net Profit Healthy increase in €\m 175.1 239.6 83.1 92.0 122.0 117.6 1H 2024 net profit at €239.6m (+37% YoY) 1H 2024 recurring net Recurring Net Profit1 +2.6% profit at €170.4 (+3% YoY) - best interim level - even €\m 170.4 includ
Slide 5: Net Financial Income
NET FINANCIAL INCOME SUPPORTED BY VOLUME NORMALIZATION AND HIGH INTEREST MARGIN Net Financial Income €\m +3.3% -4.2% 161.3 166.7 9.8 9.1 1H 2024 NFI at €166.7m (+3% YoY) as -1.4% NII benefitted from 74.9 86.4 83.9 82.7 higher NII margin (NIM) 151.5 +4.0% 157.5 4.0 5.9 4.5 4.7 at interim level more t
Slide 6: Total Gross Fees
TOTAL GROSS FEES POSITIVE CONTRIBUTION FROM BOTH RECURRING AND VARIABLE COMPONENTS Total Gross Fees 486.3 608.5 243.1 243.2 311.3 297.2 €\m 1H 2024 gross recurring fees (+7.5% YoY) benefitted from +7.5% +7.1% asset expansion1 and revenue diversification initiatives2 +0.3% Gross Recurring Fees 514.5
Slide 7: Gross Recurring Fees (1/4)
GROSS RECURRING FEES (1/4) SOLID GROWTH DRIVEN BY ASSET EXPANSION AND DIVERSIFICATION Investment Fees1 €\m +5.4% +6.1% Management Fees 420.4 443.2 +2.3% Advisory Fees 19.7 24.2 1H 2024 investment 209.2 211.2 219.1 224.1 fees (+5% YoY) 400.7 419.0 9.4 10.3 11.8 12.4 increased driven by 199.8 200.9 20
Slide 8: Gross Recurring Fees - Management Fees (2/4)
GROSS RECURRING FEES - MANAGEMENT FEES (2/4) FEE GROWTH TRACKING MANAGED ASSETS EXPANSION Management Fees €\m +4.6% +5.4% 400.7 419.0 +2.1% 1H 2024 199.8 200.9 207.3 211.7 management fees (+5% YoY) tracking average AUM growth, in line with 1H23 1H24 1Q23 2Q23 1Q24 2Q24 previous quarters +6.1% Avg. A
Slide 9: Gross Recurring Fees - Advisory Fees (3/4)
GROSS RECURRING FEES - ADVISORY FEES (3/4) CONTRIBUTION FROM ADVISORY BECOMING INCREASINGLY EVIDENT Advisory Fees1 €\m +22.9% +20.6% 24.2 +5.6% 19.7 1H 2024 advisory 11.8 12.4 fees (+23% YoY) 9.4 10.3 increased in line with average assets under advisory 1H23 1H24 1Q23 2Q23 1Q24 2Q24 Avg. Assets unde
Slide 10: Gross Recurring Fees - Other Fees (4/4)
GROSS RECURRING FEES - OTHER FEES (4/4) GROWING CONTRIBUTION OF WELL DIVERSIFIED NEW SERVICES FEES Other Fees €\m +13.8% +22.1% 71.2 Other Banking Fees 58.3 12.9 -11.3% 1H 2024 entry fees Brokerage Commissions 12.9 37.8 33.5 (+27% YoY) with QoQ 29.3 29.4 28.9 swings linked to Entry Fees 22.5 6.3 6.5
Slide 11: Total Payout Ratio on Fees
TOTAL PAYOUT RATIO ON FEES STABLE TREND WITH SOME SHORT-TERM VOLATILITY LINKED TO PRODUCT MIX Total Fee Expenses 255.5 280.8 124.9 130.6 138.5 142.3 €\m o/w Fee Expenses on NII1 5.5 7.0 2.5 3.0 3.6 3.4 Total fee expenses at €281m (+10% YoY) due to product 47.0% 46.9% 47.7% mix (higher new o/w Payout
Slide 12: Operating Costs (1/2)
OPERATING COSTS (1/2) COST DISCIPLINE AND ONGOING INVESTMENT ON STRATEGIC PROJECTS Total Operating Costs €\m +7.3% 1H 2024 total operating 136.6 +7.4% costs (+7.3% YoY) 127.3 Non Core Items 2.2 3.1 including €3.1m one-off 11.7 items linked to business Sales Personnel 10.6 +0.1% 63.7 63.6 68.3 68.3 s
Slide 13: Operating Costs (2/2)
OPERATING COSTS (2/2) COST RATIOS IMPROVING FURTHER Operating Costs / Total Assets Cost / Income Ratio 0.45% 54.8% 55.8%54.7% 0.40% 52.8% 0.37% 0.33%0.33% 46.9%47.3% 0.31%0.30% 0.31%0.30% 0.28% 44.6% 0.28% 43.0% 40.8% 45.9% 42.1% 42.1% 35.1% 40.7% 40.1% 33.3% 37.4% 36.0%36.8% 34.9% 31.1% 27.6% 2014
Slide 14: Summing Up
SUMMING UP Comments (€ m) 1H 23 1H 24 % Chg Operating result (+35% YoY) benefitted from steady asset expansion, diversification and cost discipline as Net Financial Income 161.3 166.7 3.3% financial market conditions proved Net recurring fees 223.3 233.7 4.6% supportive for both equity markets and r
Slide 15: Agenda: Balance Sheet & Capital Ratios
To be the No.1 private bank, unique by value of service, innovation and sustainability 1H 2024 Financial Results To be the No. 1 private bank, unique Balance Sheet & Capital Ratios by value of Net Inflows, Assets and Recruiting service, innovation Business Update and Closing Remarks and sustainabili
Slide 16: Balance Sheet – Total Liabilities & Equity
BALANCE SHEET – TOTAL LIABILITIES & EQUITY CLIENT DEPOSIT FLOWS TURNED POSITIVE Total Liabilities & Equity: Volumes and Yields €\bn 1H 2024 client deposits at Total Deposits €11.5bn (+3% QoQ) back to 15.7 15.2 1 14.7 growth reflecting Client Deposits 1.7 1.1 0.5 normalization in cash sorting 1.0 0.9
Slide 17: Balance Sheet – Total Assets
BALANCE SHEET – TOTAL ASSETS STABLE ASSET RETURN WITH SLIGHTLY LOWER VOLUMES Total Assets & Interest Bearing Assets: Volumes and Yields €\bn Interest Bearing Assets 15.7 15.2 14.7 1H 2024 interest bearing Financial Assets 0.9 1.0 assets at €13.3bn (-5% 1.0 YTD) with financial assets 2.4 2.2 Loans to
Slide 18: Capital and Liquidity Ratios
CAPITAL AND LIQUIDITY RATIOS SIZEABLE UPTICKS IN CAPITAL RATIOS AND LEVERAGE Total Capital Ratio % Leverage Ratio % CET1 RWA Optimization AT1 Strong increase in capital 23.7% 5.9% position (CET1 ratio to 1.4% 19.0% 5.4% 22.3%, +4.5ppts YTD) on 17.4% 2.3% 16.7% 1.2% retained earnings and RWA 1.1% 1.1
Slide 19: Agenda: Net Inflows, Assets and Recruiting
To be the No.1 private bank, unique by value of service, innovation and sustainability 1H 2024 Financial Results To be the No. 1 Balance Sheet & Capital Ratios private bank, unique by value of Net Inflows, Assets and Recruiting service, innovation Business Update and Closing Remarks and sustainabili
Slide 20: Total Assets (1/2)
TOTAL ASSETS (1/2) CLOSE TO PASSING THE 100 EURO BILLION MARK Total Assets (Traditional View) €\bn Total Assets (by Fee Category1) €\bn +12% 99.0 1H 2024 total assets 92.8 92.8 +7% 99.0 88.2 at €99.0bn (+12% YoY) 88.2 supported by net new 11.0 29.9 32.7 10.4 10.5 27.3 money (+7%) and asset 24.9 27.7
Slide 21: Total Assets (2/2)
TOTAL ASSETS (2/2) MANAGED SOLUTIONS BOOSTED BY IN-HOUSE PRODUCTS AUM Products €\bn o/w Managed Solutions - Wrappers €\bn +10% +7% +7% 22.6 20.6 21.1 +5% 60.3 Insurance 56.4 57.4 Wrappers 1H 2024 in-house 14.5 10.6 11.1 14.4 14.3 10.5 products delivered Financial above average growth: Wrappers finan
Slide 22: Net Inflows (1/2)
NET INFLOWS (1/2) ASSETS UNDER INVESTMENT DOUBLED OVER THE PERIOD Total Net Inflows (Traditional View) €\bn Total Net Inflows (by Fee Category1) €\bn +11% 3.6 Solid increase in 1H 3.3 3.3 3.6 2024 net inflows (+11% YoY) amid a sluggish 0.2 2.2 sector volume trend2 5.0 2.5 2.6 +126% 0.9 1.4 -0.3 0.7
Slide 23: Net Inflows (2/2)
NET INFLOWS (2/2) GROWING QUALITY FOCUSED ON IN-HOUSE PRODUCTS AUM Products €\bn o/w Managed Solutions - Wrappers €\bn 0.9 Insurance 0.7 1H 2024 AUM products Wrappers at €0.9bn supported by 0.4 the ongoing stabilization in 0.9 Financial 0.7 0.7 traditional insurance Wrappers 0.4 1H23 1H24 In-house p
Slide 24: Net Inflows by Acquisition Channel
NET INFLOWS BY ACQUISITION CHANNEL GROWING CONTRIBUTION FROM NET RECRUITING Net Inflows by Acquisition Channel €\bn Recruitment by Acquisition Channel # 94 1H 2024 net inflows 3.6 showing a growing 3.3 contribution from net 0.4 1.0 36 recruiting (27% vs. 13% 60 in 1H 2023) thanks to more favorable b
Slide 25: Agenda: Business Update and Closing Remarks
To be the No.1 private bank, unique by value of service, innovation and sustainability 1H 2024 Financial Results To be the No. 1 Balance Sheet & Capital Ratios private bank, unique Net Inflows, Assets and Recruiting by value of service, innovation Business Update and Closing Remarks and sustainabili
Slide 26: 2024 Targets Confirmed or Increased
2024 TARGETS CONFIRMED OR INCREASED SELECTED UPGRADES DUE TO HEALTHY BUSINESS TREND AND FINANCIAL MARKETS Objectives KPIs 2 0 2 4 P r e v. T a r g e t 2 0 2 4 N e w Ta r g e t Status Net Inflows Volumes >€6.0bn >€6.5bn Consistent growth Net Inflows Mix 40-60% AUI on Total 40-60% AUI on Total 1 Net I
Slide 27: 2024 NII Guidance Revised Upwards
2024 NII GUIDANCE 1 REVISED UPWARDS ON HIGHER VOLUMES AND INVESTMENT YIELDS 2023 2024E Ta r g e t Previous New 2024 NII revised Net Interest Income 304 ~280 ~300 upwards to ~€300m (NII) €\m €\m €\m (from €280m) for: - stabilization in client deposits (+0.5bn vs. Market Rates previous guidance) (6M E
Slide 28: Focus on In-House Asset Management Capabilities
FOCUS ON IN-HOUSE ASSET MANAGEMENT CAPABILITIES 2 TREND IN ASSETS AND FEES In-House Solutions1 Total Assets €\bn Total Recurring Fees €\m +8.0% CAGR 30.8 425 400 413 28.2 28.3 25.5 24.4 313 323 21.8 230 2019 2020 2021 2022 2023 1H24 2019 2020 2021 2022 2023 1H24 Quality offer Offer enrichment Dedica
Slide 29: Agenda: Annex
To be the No.1 private bank, unique by value of service, innovation and sustainability 1Q 2024 Financial Results To be the No. 1 Balance Sheet & Capital Ratios private bank, unique Net Inflows, Assets and Recruiting by value of service, innovation Business Update and Closing Remarks Annex and sustai
Slide 30: Focus on BG Fund Management Luxembourg
FOCUS ON BG FUND MANAGEMENT LUXEMBOURG (BG FML) DEEP DIVE ON LUX ASSETS BG FML - Assets by SICAV €\bn BG FML – Total Assets €\bn +13% 20.4 22.1 19.6 Institutional Fund +8% 22.1 11.0 1H 2024 retail sub- 20.4 Classes 10.0 10.3 19.6 0.2 funds increased 0.2 0.1 3.7 the most (+15.0% Retail Fund 3.6 3.8 C
Slide 31: Focus on AUC Assets
FOCUS ON AUC ASSETS PRODUCT MIX & KEY FEATURES AUC Assets by Product Mix1 €\bn Key Features 27.5 24.7 12% 21.4 13% 23% €5.1bn bonds due to expire within 1 year 15% 23% 27% >70% of bonds carrying unrealised capital gains 65% Only 5% of total AUC invested in structured products 64% 58% (certificates)
Slide 32: Focus on Financial Assets (1/3)
FOCUS ON FINANCIAL ASSETS (1/3) HIGH QUALITY, LIQUID AND WELL DIVERSIFIED INVESTMENT MIX Focus on Financial Assets (Banking Book) Total PTF Classification Bond PTF Classification Financial assets are high quality and well 5% diversified: Italy Govt Bonds Equity & 27% • 98% of the bond portfolio is m
Slide 33: Focus on Financial Assets (2/3)
FOCUS ON FINANCIAL ASSETS (2/3) STABILISATION IN INVESTMENT YIELDS Total NII Yield: Quarterly Trend Financial Assets Yield: Quarterly Trend 3.15% 2.31% 3.14% 2.23% 2.99% 2.13% 2.14% 2.13% 2.80% 2.63% 1.82% 2.12% 1.42% 1.42% 0.95% 0.89% 0.66%0.60% 0.75% 0.60% 0.75% 0.63% 0.56% 0.48% 0.50% 0.56% 2Q 3Q
Slide 34: Focus on Financial Assets (3/3)
FOCUS ON FINANCIAL ASSETS (3/3) LIQUID INVESTMENT PROFILE THANKS TO SHORT TERM MATURITIES Bonds - Banking Book Maturities by Year €\bn Bonds - Banking Book Maturities by Accounting Treatment €\bn 2.2 HTC HTCS 1.7 1.3 1.3 1.9 1.3 0.9 0.6 0.6 1.3 1.3 0.5 0.9 0.2 0.3 0.5 0.6 0.1 0.1 0.4 0.5 0.3 0.2 0.3
Slide 35: Focus on Loan Book
FOCUS ON LOAN BOOK HIGH QUALITY LOAN BOOK Total Assets and Interest Bearing Assets €\bn Focus on Loan Book (Banking Book) 1H24 Credit Book €\bn Lending Quality % 15.7 0.9 Interest Bearing Assets 15.5 14.7 0.6 0.9 Financial Assets 1.1 1.0 2.4 2.3 2.1 1.5 Loans to Clients 99.1 Loans to Banks & Other A
Slide 36: Focus on Financial Advisory Network (1/2)
FOCUS ON FINANCIAL ADVISORY NETWORK (1/2) SIZE OF THE NETWORK AND KEY FEATURES No. of FAs # Key highlights 2.315 <35 2.260 2.162 2.204 Age 2.040 2.087 35-50 1.936 1.985 ~55 1.841 >50 1.715 1.645 1.475 Male Gender Female 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 1H24 Headline FA retentio
Slide 37: Focus on Financial Advisory Network (2/2)
FOCUS ON FINANCIAL ADVISORY NETWORK (2/2) WIDENING THE GAP WITH THE REST OF THE INDUSTRY Average FA portfolio (Assets per Financial Advisor) €\m 1 Banca Generali Assoreti 42.3 40.6 39.2 37.3 35.1 32.8 28.8 29.0 25.8 25.8 26.4 24.3 24.0 22.2 23.1 21.2 19.7 18.0 17.9 18.4 15.7 15.8 15.9 14.2 14.6 12.9
Slide 38: Focus on Clients
FOCUS ON CLIENTS TREND AND KEY FEATURES Total No. of Clients ‘000 Breakdown by cluster of Clients 355k €97.9bn1 355 349 342 0.6% 332 10.0% 26.5% 312 28.0% 299 >5m 290 500k-5m 279 43.9% 100-500k 263 <100k 249 61.4% 243 23.0% 228 6.6% No.of Clients AUM (bn/€) Private Banking Assets2: €69.0bn Private B
Slide 39: Agenda: Annex
To be the No.1 private bank, unique by value of service, innovation and sustainability 1Q 2024 Financial Results To be the No. 1 Balance Sheet & Capital Ratios private bank, unique Net Inflows, Assets and Recruiting by value of service, innovation Business Update and Closing Remarks Annex and sustai
Slide 40: Banca Generali in a Nutshell
40 BANCA GENERALI IN A NUTSHELL MAIN HIGHLIGHTS One of the fastest-growing asset gatherers in Europe1 (assets tripled in 10Y) and the #3 player in the Private Banking space in Italy2 Capital-light business model, leveraging on a Network of 2,315 Financial Advisors ranked at the top of the industry3
Slide 41: Banca Generali's Ambitions
41 BANCA GENERALI’S AMBITIONS MISSION, VISION AND PURPOSE Vision To be the No. 1 private bank, unique by Value of Service, Innovation and Sustainability Banca Generali’s dynamism - The fastest growing1 company in Italy over last 10 years with a unique business model centered around a wealth manageme
Slide 42: Banca Generali's Key Milestones
BANCA GENERALI’S KEY MILESTONES A YOUNG, YET FAST-GROWING COMPANY Total Client Assets €\bn Administered assets Managed assets 2023 2013 Launch of New strategic BG Suisse positioning 2020 Private Bank 2019 Partnership with Conio Acquisition of 99.0 Nextam Partners 92.8 2017 (AM boutique) Partnership
Slide 43: Banca Generali's Market Shares
BANCA GENERALI’S MARKET SHARES BG HAS SUCCESSFULLY GROWN ITS SHARE ACROSS ALL SEGMENTS Reference Segment Banca Generali Share 2011 2016 2022 2023 Targetable financial wealth1 0.9% 1.6% 2.4% 2.6% Estimate Private & HNW financial wealth2 1.1% 2.8% 4.5% 4.9% Financial Advisor networks3 10.8% 13.9% 15.7
Slide 44: Banca Generali's Organization
BANCA GENERALI’S ORGANIZATION COMPANY STRUCTURE Company Structure Listed on Milan stock exchange: 50.2% Banca Generali Group owned by Assicurazioni Generali 100% 100% 100% 90.1% 100% Asset Trust company Bank Trust Company Bank Management 44
Slide 45: Business Model
BUSINESS MODEL FOCUSED ON GROWTH AND LEVERAGING ON FLEXIBILITY Banca Generali’s Business Model Financial Advisor Private Banking positioning and Banca Generali’s 1 DISTRIBUTION best in class distribution network core competitive Client advantage • Banking products • Investment Advisory Wealth manage
Slide 46: BG's FAs at Top Ranking in the Industry
BG’S FAS AT TOP RANKING IN THE INDUSTRY 1 BOTH IN TERMS OF POSITIONING AND PRODUCTIVITY Positioning vs Industry Productivity vs Industry FA networks by total assets per capita: FAs vs Client FA networks by net inflows per capita: FAs vs Clients Banca Generali ranks at the top of FA networks, by: Net
Slide 47: BG Network Architecture
1 BG NETWORK ARCHITECTURE NEW NETWORK ORGANIZATION DRIVEN BY PORTFOLIO SIZE AND TYPE OF CONTRACT Cluster Assets (%) FAs (#) Assets/FA (€\m) Senior Senior Partner Network: Senior Partners Partners PTF >€150m 17% 99 166.7 unicum in terms of Network positioning to enhance excellence, support and servic
Slide 48: BG Ranking #4 in FA Networks in Italy
48 BG RANKING #4 IN FA NETWORKS IN ITALY 1 STRONGEST INCREASE IN ASSETS OVER THE LAST 10 YEARS Banca Generali - Total Assets (Assoreti)1 €\bn FA Network Sector Ranking (Assoreti) €\bn 84.6 82.2 91.8 2013 2023 66.8 73.3 55.7 57.5 47.5 29.1 36.6 41.6 €83.7 €320.02 +101% 2013 2014 2015 2016 2017 2018 2
Slide 49: BG Ranking #3 in Private Banking in Italy
49 BG RANKING #3 IN PRIVATE BANKING IN ITALY 1 SUCCESSFUL STRATEGIC REPOSITIONING STARTED IN 2013 Banca Generali - Private Banking Assets1 €/bn Private Banking Sector Ranking (Magstat)2, €/bn 63.7 2013 2022 58.3 55.3 44.2 49.1 25.1 29.2 35.5 36.3 €101.6 €222.2 +86% 21.3 15.8 2013 2014 2015 2016 2017
Slide 50: Banca Generali's Awards
50 BANCA GENERALI’S AWARDS 1 RECOGNIZED PLAYER IN THE ITALIAN WEALTH MANAGEMENT SPACE Wealth Management Financial Advisor Network ESG Best Financial Advisor Sustainability Awards (2023) Best Private Bank network by Customer in Italy (2023) Satisfaction (2023) Banca Generali awarded at the 2023 Susta
Slide 51: BG Well-Diversified Client Portfolio
2 BG WELL-DIVERSIFIED CLIENT PORTFOLIO ALLOWING A TAILOR-MADE VALUE PROPOSITION Total Assets by Product Segment €\bn Total Assets by Asset Mix1 % Total Assets 99.0 €/bn 3% 3% 2% 19% 27.7 45.8 26% 16% 11.0 12% 14.5 19% AUM (Managed solutions + Traditional Managed solutions life insurance) 60.3 €/bn E
Slide 52: Wealth Management Approach
2 WEALTH MANAGEMENT APPROACH SUPPORTED BY A WIDE RANGE OF PREMIER PARTNERSHIPS An Advanced Advisory model to address financial and non-financial needs of our Clients and their families Art Advisory Real-estate Corporate Advisory Advisory Family Protection PARTNER Financial LAW FIRMS & Planning Advis
Slide 53: Advanced Digital Supports
3 ADVANCED DIGITAL SUPPORTS INCREASING FAS’ EFFICIENCY AND SUPPORT TO CLIENTS With reference to the business model that characterizes Banca Generali, digitalization and innovation support the relationships between the different parts Ecosystem of digital applications available to Financial CLIENT Ad
Slide 54: Other Supports: Training Approach
3 OTHER SUPPORTS TRAINING APPROACH COMBINING PHYSICAL AND DIGITAL Physical Location Training Platform A space dedicated to classroom training A single channel dedicated to FAs for Financial Advisors, as well as a venue training for representation/events 54
Slide 55: Banca Generali's 2022-24 Strategic Plan
55 BANCA GENERALI’S 2022-24 STRATEGIC PLAN KEY PILLARS AND TARGETS The 2022-24 Strategic Plan aims to take Banca Generali Growth to the next level, building on our vision: To be the no. 1 private bank, unique by Value of service, Innovation and Sustainability. Strategic Pillars F i n a n c i a l Ta
Slide 56: Agenda: Key Projects
To be the No.1 private bank, unique by value of service, innovation and sustainability 1Q 2024 Financial Results To be the No. 1 Balance Sheet & Capital Ratios private bank, unique Net Inflows, Assets and Recruiting by value of service, innovation Business Update and Closing Remarks Annex and sustai
Slide 57: Most Relevant Strategic Projects
MOST RELEVANT STRATEGIC PROJECTS AMBITIONS AT WORK Data-driven Bank Continue to build a data-driven, digital and open bank International expansion Speed up of business expansion in Switzerland Sustainability Be the ESG reference point for all our Stakeholders 57
Slide 58: Data-Driven Bank (1/3)
DATA DRIVEN DATA-DRIVEN BANK (1/3) BANK MAIN HIGHLIGHTS DATA-DRIVEN Unrivalled source of direct data collection for financial companies amid growing BANK market regulation (GDPR/AI Act) State-of-the-art data architecture in cloud (AWS) with reference to data collection, data governance and data mana
Slide 59: Scoring of Potential (2/3)
DATA DRIVEN SCORING OF POTENTIAL (2/3) BANK EXPLOITING DATA TO POWER THE COMMERCIAL PROCESS Provide the FA network with engagement Foster collaboration between Cloud architecture in place ideas to stimulate commercial process Bank and FA network Client Banker District Score of Score of Score of Clie
Slide 60: Scoring of Potential (3/3)
DATA DRIVEN SCORING OF POTENTIAL (3/3) BANK FIRST TOOL FOR SCORING CLIENT POTENTIAL First proprietary tool for scoring client potential (fully developed in-house) Data enrichment and analysis based on PSD2 and machine learning techniques to improve client profiling Commercial approach co-designed wi
Slide 61: Expansion in Switzerland (1/3)
61 INTERNATIONAL EXPANSION IN SWITZERLAND (1/3) EXPANSION MAIN HIGHLIGHTS Large targetable market estimated at ~140 €\bn, of which: - 80 €\bn1 represented by potential assets referring to Italian clients INTERNATIONAL - 60 €\bn1 represented by targetable assets to be managed onshore in Switzerland E
Slide 62: BG Suisse Private Bank (2/3)
INTERNATIONAL BG SUISSE PRIVATE BANK (2/3) EXPANSION TARGET MARKETS AND MODEL CLIENTS MANAGED CLIENTS MANAGED IN SWITZERLAND IN ITALY ➢ Onshore clients in Ticino ➢ BG clients with need for diversification in ➢ Onshore clients in the rest of Switzerland terms of booking centers Target ➢ BG clients an
Slide 63: BG Suisse Private Bank (3/3)
BG SUISSE PRIVATE BANK (3/3) INTERNATIONAL EXPANSION FINANCIAL KPIS CH operations KPI Ta r g e t €3.6-4.1bn by 2026 Total Assets €\bn o/w €2.6-2.8bn from BG Suisse €500-700m in 2024 Net Inflows €\m ~€1bn per year from BG Suisse once up and running New 20-30 private bankers New Recruits of in BG Suis
Slide 64: Sustainability (1/3)
SUSTAINABILITY (1/3) SUSTAINABILITY MAIN HIGHLIGHTS Distinctive ESG commercial approach leveraging on our ESG-dedicated proprietary platform allowing for a unique investment offer aligned to the 17 UN SDGs Strong commitment to offer ESG solutions translating into €19.7bn assets invested in ESG produ
Slide 65: Sustainability (2/3)
SUSTAINABILITY (2/3) SUSTAINABILITY SUSTAINABLE VALUE PROPOSITION ESG Assets €\bn BGPP: our ESG Platform Strong increase in ESG assets1 to €19.7bn, reaching BG Personal Portfolio (BGPP) is our ESG dedicated platform 43.1% of managed solutions (+5.5 ppts YTD) allowing for a unique investment choice a
Slide 66: Sustainability (3/3) ESG Ratings
SUSTAINABILITY (3/3) SUSTAINABILITY ESG RATINGS: TRENDS & MAIN IMPROVEMENTS Key ratings Main take-aways • In 2022, Banca Generali received a rating of A (on a scale of AAA- CCC) in the MSCI ESG Ratings assessment MSCI Scores • The rating has steadily improved over the past 5 years On a scale from CC
Slide 67: 1H 2024 ESG Achievements (1/2)
1H 2024 ESG ACHIEVEMENTS (1/2) ON THE WAY TO ACHIEVE OUR ESG STRATEGIC AMBITIONS Ongoing enlargement Deployment of ‘BG ‘Inclusive Leadership New FA strategic in perimeter of art.8/9 Sustainable Advisor’ Program’ managerial function Clients & FAs managed solutions project, a new FA involving 455 fema
Slide 68: 1H 2024 ESG Achievements (2/2)
1H 2024 ESG ACHIEVEMENTS (2/2) ON THE WAY TO ACHIEVE OUR ESG STRATEGIC AMBITIONS Continuation of ‘Digital Minds Long-Term Incentive Plan Initiatives focused on gender programme 2022/2024’ launched in 2024 for 2024-2026 and young generations Employees involving all employees period linked to ESG targ
Slide 69: 2024 Upcoming Events
2024 UPCOMING EVENTS NOVEMBER Su Mo Tu We Th Fr Sa 1 2 Investor Relations Contacts 3 4 5 6 7 8 9 9M 2024 Results 10 11 12 13 14 15 16 Giuliana Pagliari Conference Call Investor Relations Manager 17 18 19 20 21 22 23 Phone +39 02 408 26548 24 25 26 27 28 29 30 Mobile +39 331 65 30 620 E-mail: giulian
Slide 70: Disclaimer
DISCLAIMER The manager responsible for preparing the company’s financial reports (Tommaso Di Russo) declares, pursuant to paragraph 2 of Article 154-bis of the Consolidated Law of Finance, that the accounting information contained in this presentation corresponds to the document results, books and a