Slide 1: Earnings Presentation 9M2024
9M2024 Earnings Presentation 9M24 Results 24 OCTOBER 2024
Slide 2: Regulatory framework disclaimer
Introduction Regulatory framework disclaimer Bankinter advises that this presentation may contain forward-looking statements. These can be found in various parts of this document and Bankinter presents its quarterly financial statements in accordance include, without limitation, statements concernin
Slide 3: Agenda
AGENDA /01 /02 Highlights Results & Solvency 3 /03 /04 9M24 Results Geographies & Closing Businesses Remarks
Slide 4: Highlights
/01 Highlights 4 9M24 Results
Slide 5: Sustainable solid results, delivering consistent organic growth
Highlights 01. Sustainable Solid Results, delivering consistent Organic Growth vs Sep. 23 Strong volume growth +5% +4% +23% OFF BALANCE SHEET LOAN BOOK RETAIL DEPOSITS UNDER MANAGEMENT vs 9M23 Diversifying revenue streams +5,5% +13,5% NII NET FEES 5 9M24 2,22% 9M24 Results Improving the risk profile
Slide 6: Business volume growth driving diversified and sustainable fee growth
Highlights 01. Business volume growth driving diversified & sustainable fee growth Business volumes* 7,6% Annual net fees* 7,7% € billion CAGR € billion CAGR +44% +45% Volumes* Net Fees* vs Dec19 vs Dec19 695 6 603 606 624 479 497 9M24 Results 358 303 312 306 206 215 250 261 182 187 149 161 259 267
Slide 7: Solid growth in business volumes
Highlights €215bn 01. Solid growth in business volumes Business Volumes vs Sep23, in € billion +9% / + €17bn vs Sep23 Loan Book Retail Deposits Off Balance Sheet +€3bn +€3bn +€10bn 7 +5% +4% +23% 9M24 Results 78 76 78 81 73 75 55 45 39 Sep. 22 Sep. 23 Sep. 24 Sep. 22 Sep. 23 Sep. 24 Sep. 22 Sep. 23
Slide 8: Consolidating and diversifying our revenue streams
Highlights Total 01. Consolidating and diversifying our revenue streams Income vs 9M20 +66% By type By Geography cumulated total income in € million cumulated total income in € million 9M20 9M21 9M22 9M23 9M24 2.500 2.151 2.151 75 16% 2.000 24% 263 Portugal 8 521 Fees and Ireland 9M24 Results 1.500
Slide 9: Achieving high profitability while maintaining costs and improving risk profile
Highlights 01. Achieving high profitability while maintaining costs and improving risk profile Cost-to-income ratio NPL and coverage ratio ROE Last twelve months rolling in % As of quarter end Last twelve months rolling in % 18,2% 20,0% 2021 2022 2023 Sep.24 ROTE 46,0% 18,0% 69% 70,0% 17,1% 17,1% 16
Slide 10: Results & Solvency
/02 Results & 10 9M24 Results Solvency
Slide 11: 9M24 Group Profit & Loss Summary
Results & Solvency 02. 9M24 Group Profit & Loss Summary Bankinter Group 9M24 9M23 Dif. € Dif. % € million Net Interest Income 1.728 1.639 90 5% Net Fees and Commissions 521 459 62 14% Other Income/Expenses -98 -93 -5 6% 11 Total Operating Income 2.151 2.005 146 7% 9M24 Results Operating Expenses -74
Slide 12: 3Q24 Group Profit & Loss Summary
Results & Solvency 02. 9M24 Group Profit & Loss Summary Bankinter Group € million 3Q24 2Q24 Dif. € Dif. % 3Q23 Dif. € Dif. % Net Interest Income 568 583 -14 -2% 570 -2 0% Net Fees & Commissions 179 176 3 2% 156 23 15% Other Income/Expenses -6 -7 1 -9% -1 -7 n.a. 12 Total Income 741 752 -11 -1% 727 1
Slide 13: Group Net Interest Income
Results & Solvency 02. Group Net Interest Income Quarterly Evolution Customer Margin € million In % 0% 2,96% 2,04% Customer Net Interest Margin Margin vs 3Q23 9M24 9M24 4,38 4,38 4,41 4,33 4,12 13 3,73 3,26 2,96 2,99 3,03 3,01 2,98 3,01 2,86 9M24 Results 575 578 583 570 568 546 Δ Δ 1,47 1,37 1,40 1,
Slide 14: Deposit structure
Results & Solvency 02. Deposit structure 65% Maturing 4Q24 Deposit “Mix Shift” Retail Deposit maturity profile Quarterly evolution 12M Euribor, Deposits 100% staked bar chart In % of total customer deposits with a fixed term Term deposits 8% Term deposits 28% E12M range [-0,5%:2,8%] E12M range [3,2%
Slide 15: Fee Income, growing and recurrent
Results & Solvency +14% 02. Fee Income, growing and recurrent vs 9M23 24% Total Income contribution Net Fees evolution Breakdown of fees collected € million € million, % vs. 9M23 Asset Management 239 +16% 15 Brokerage & Custody 98 +10% Management & Brokerage 9M24 Results Payments & Collections 145 +
Slide 16: Growing core revenue in different rates environments
Results & Solvency Core 02. Growing core revenue in different rates environments Revenues vs 9M20 +75% Core revenues evolution, by type NII + net fees, cumulated in € million +7% core revenues E12M range [3,2% : 4,1%] 9M20 9M21 9M22 9M23 9M24 2.500 2.500 2.249 +18% core revenues 2.098 16 E12M range
Slide 17: Other Income / Expenses
Results & Solvency 02. Other Income / Expenses Bankinter Group 9M24 9M23 Dif. € Dif. % € million Equity Method 23 25 -2 -7% 17 Trading Income/Losses & Dividends 36 58 -22 -38% Regulatory Charges -117 -143 26 -18% 9M24 Results Banking Tax -95 -77 -18 23% Other Operating Income/Expenses -40 -32 -8 25%
Slide 18: Diversifying revenue streams by geography
Results & Solvency Portugal & 02. Diversifying revenues streams by geography Ireland 9M24 16% of Income Total Operating Income by Geography cumulated evolution, in € million 2.151 2.005 75 71 263 231 1.518 18 1.423 58 1.296 42 133 43 115 9M24 Results 103 1.703 1.814 1.266 1.326 1.150 9M20 9M21 9M22
Slide 19: Group operating expenses
Results & Solvency Cost-to- 02. Group operating expenses income 9M24 35% Operating expenses Operating expenses distribution € million 9M24 in € million, % vs. 9M23 +6% vs 9M23 +11% +6% 19 +7% 79 34 331 9M24 Results 745M € 745M € 700 745 602 624 655 +6% +6% 631 414 Personnel expenses 9M20 9M21 9M22 9
Slide 20: Cost of Risk & Other Provisions
Results & Solvency 02. Cost of Risk & Other Provisions Credit Risk cost Other Provisions in % of total risk exposure* and € million in % of total risk exposure and € million 300 262 0,50% 250 238 0,45% 20 200 186 0,40% 0,40% 0,38% 9M24 Results 0,35% 150 140 0,52% 120 0,32% 0,30% 0,42% 75 100 100 0,2
Slide 21: Total Group Profit
Results & Solvency 02. Total Group Profit Profit before Tax Total Group Net Income € million +8% € million +7% vs 9M23 vs 9M23 21 9M24 Results 1.083 1.004 685 731 602 430 9M22 9M23 9M24 9M22 9M23 9M24
Slide 22: Credit Quality
Results & Solvency 02. Credit Quality Coverage Ratio Spanish Group’s Non-Performing Loans NPL ratios in Spain Industry* € billion and ratio in % 69% En % 3,4% Bankinter Bankinter 22 1,93 3Q24 3Q23 1,83 1,71 9M24 Results Households 1,8% 1,9% Corporates / SMEs 3,1% 3,0% 2,10% 2,19% 2,22% Total BKT Spa
Slide 23: Liquidity
Results & Solvency 02. Liquidity Liquidity gap Wholesale funding maturities In € billion In € million Sep. 23 Dec. 23 Sep. 24 2.250 -4,0 1.632 1,6 -5,2 1.100 1.000 949 23 -5,6 Loan to Deposits 9M24 Results 0 In % 2024 2025 2026 2027 2028 ≥2030 95,4% 94,5% HQLAs 12M average €18,2bn Liquid Assets €29,
Slide 24: Capital and Solvency Stress Test
Results & Solvency 02. Capital and Solvency Stress Test Ranked 1st in Spain & 5th in Europe CET1 “fully loaded” ratio In % CET1 12,6% Buffer +4,70% Regulatory Min. 7,86% 0,96 12,54 0,14 12,56 P2R 1,39% (4th lowest of 12,30 -0,55 -0,18 -0,12 24 108 European entities) +23pbs organic generation 9M24 Re
Slide 25: Geographies and Businesses
/03 Geographies and 9M24 Results Businesses
Slide 26: Spain
Geographies & Businesses 03. Spain* Business KPIs P&L € million 9M24 9M23 Dif. % €65Bn Net Interest Income 1.444 1.387 4% Loan Book +2,4% YoY 26 Net Fees 458 402 14% Retail Banking Corporate/SME Banking €33Bn +2% €30Bn +4% Other Income / Expenses 7 -8 n.a. 9M24 Results NPL ratio: 2,6% Total Income 1
Slide 27: Portugal
Geographies & Businesses 03. Portugal Business KPIs P&L € million 9M24 9M23 Dif. % €10Bn Net Interest Income 211 184 15% Loan Book +11% YoY LtD 27 106,5% Net Fees Retail Banking Corporate / SME Banking 56 50 12% -12p.p. €6,5Bn +7% €3,2Bn +22% vs 9M23 Other Income / Expenses -5 -3 59% 9M24 Results NP
Slide 28: Ireland
Geographies & Businesses 03. Ireland Business KPIs P&L € million 9M24 9M23 Dif. % €3,7Bn Net Interest Income 73 68 7% Loan Book +34% YoY 28 Net Fees 7 7 6% Mortgages Consumer Credit €2,7Bn +41% €0,9Bn +18% Other Income / Expenses -5 -4 18% 9M24 Results Total Income 75 71 6% New production: €0,9Bn Co
Slide 29: Corporate & SME Banking (Total Group)
03. Geographies & Businesses 42% Corporate & SME Banking (Total Group) Corporate & SME % of Group Loan Book Sep. 24 Loan Book International Segment € billion +5% vs Sep.23 Loan Book Internacional Supply Chain Next Gen. EU Banking Finance Funds 29 €9,8Bn €262M €623M +11% vs Sep23 x2 vs Sep23 +75% vs
Slide 30: Wealth Management & Retail Banking: customer wealth growth
03. Geographies & Businesses +€5Bn Wealth Management & Retail Banking (Total Group) Net New Money In 2024 Sustainable growth in customer wealth Increase in Wealth under Management € billion YTD +15% / Retail Banking +€4Bn +€15Bn 124 140 vs Sep. 23 +€2,4Bn +€1,6Bn 109 120 NET NEW MONEY MARKET EFFECT
Slide 31: Wealth Management & Retail Banking: off-balance sheet funds
Geographies & Businesses +€18Bn 03. Wealth Management & Retail Banking Incremental wealth Customer Off-Balance Sheet Funds and Equities under custody* +27% € billion vs Sep 23 85 4 +16% 70 5 +16% 67 8 4 +35% 4 5 4 15 +24% 31 6 6 12 13 9M24 Results 23 +22% 19 20 30 +33% 22 23 Sep. 23 Dec.23 Sep. 24 P
Slide 32: Wealth Management & Retail Banking (Total Group)
Geographies & Businesses 03. Wealth Management & Retail Banking (Total Group) Salary accounts New Mortgage Production Mortgage Back Book Thousands of accounts Cumulated, € billion € billion Market Market Market Spain -0,6% share Spain1 share Portugal2 share Ireland3 +2,2% Sector 4 +4% 7,0% 6,9% 8,0%
Slide 33: Closing Remarks
/04 Closing Remarks 33 9M24 Results
Slide 34: Profitable, sustainable and high quality growth
Closing Remarks 04. Profitable, sustainable and high quality growth /01 Growing above the market. Diversifying in terms of businesses, geographies and type of revenues /02 Managing our margins against rate movements 34 /03 Maintaning leadership in efficiency 9M24 Results /04 Improving the risk profi
Slide 35: Long-term value creation, increasing profitability and shareholder remuneration
Closing Remarks 04. Long-term value creation, increasing Profitability and Shareholder Remuneration Tangible Book Value + Results Dividends paid in the period ROE € million € per share %, last twelve months 6,2% 18,2% Dividend +70% +21% yield ROTE +7% +10% 731 6,46 685 0,22 17,1 17,1 35 5,88 0,31 5,
Slide 36: Summary 9M24
Closing Remarks 04. Summary 9M24 Volumes vs. Sep 23 Results vs. 9M23 Loan Book Retail Deposits Off-Balance Total Income Pre- Provision Net Income Sheet Profit €78Bn €81Bn €55Bn €2.151M €1.407M €731M +5% +4% +23% +7% +8% +7% NII Fees 36 +5% +14% 9M24 Results Ratios Value CET1 NPL Cost-to-Income ROE T
Slide 37: Appendix
Appendix /01 /02 ALCO MREL 37 /03 9M24 Results Businesses
Slide 38: ALCO Portfolio
Appendix A1. ALCO Portfolio HTC FV Total Var. vs.Dec.23 as of Sep.24 Amount (€bn) 12,0 0,8 12,8 +1,7 Duration (years) 5,3 1,5 5,0 +0,7 38 Avg. maturity (years) 9,1 1,9 8,7 -0,3 9M24 Results Yield (%) 2,5 1,9 2,5 +0,3 Unrealised Capital gains (€million) -206 -20 -226 +221 ALCO Portfolio / Total Asset
Slide 39: ALCO Portfolio breakdown and maturities
Appendix A1. ALCO Portfolio ALCO breakdown (as of Sep.24) Maturities (as of Sep.24) In % In million of euros 8.112 18% 39 €12,8Bn 9M24 Results 22% 60% 1.700 887 942 423 505 140 2024 2025 2026 2027 2028 2029 ≥2030 Spanish Sovereign Other Sovereign Other
Slide 40: Minimum Requirement for own funds and Eligible Liabilities
Appendix A2. Minimum Requirement for own funds and Eligible Liabilities MREL ratio % RWAs (TREA) 24,70% 23,30% 3,13% 1,51% 5,35% 4,99% 18,29% + CBR* 40 2,22% 2,42% January 2024 Subordination Subordination Requirement 21,57% 21,79% 1,74% 1,60% 9M24 Results 16,27% + CBR* 12,48% 12,56% June 2024 Subord
Slide 41: EVO Banco
Appendix A3. EVO Banco Retail Deposits Loan Book Total Income € million € million € million +18% vs +15% vs +22% vs Sep.23 Sep.23 9M23 4.423 41 3.964 9M24 Results 3.742 3.750 62 51 3.393 30 3.265 Sep. 23 Dec. 23 Sep. 24 Sep. 23 Dec. 23 Sep. 24 9M22 9M23 9M24
Slide 42: Consumer Finance Business (Total Group)
Appendix A3. Consumer Finance Business (Total Group) Breakdown by Product Type Total Income +9% +6% € billion, difference in % vs Sep 23 € million vs Sep 23 vs 9M23 0,4 +1% 42 3,4 +10% 1,1 297 +10% €4,9Bn 281 9M24 Results 9M23 9M24 Cost of Risk 3,8% Revolving cards Spain Debt/Credit cards Personal L
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
Slide 44: Earnings Presentation 9M2024
9M2024 Earnings Presentation 9M24 Results