Banco Bilbao Vizcaya Argentaria, S.a. · BME:BBVA

Banco Bilbao Vizcaya Argentaria — Shareholder Meeting (March 2026)

21 slides from Banco Bilbao Vizcaya Argentaria's shareholder meeting presentation, March 2026

1. Slide 1: Onur Genç, Chief Executive Officer

   Onur Genç CHIEF EXECUTIVE OFFICER

2. Slide 2: Net Attributable profit sets a new record

   Net Attributable profit sets a new record RECURRING NET ATTRIBUTABLE PROFIT (€ BILLION, CURRENT) 10.5€Bn ATTRIBUTABLE 4.5% 10.1 8.0 + 2025 vs. 2024 6.6 5.1 4.8 PER SHARE 5.8% 3.1 + 2025 vs. 2024 2019 2020 2021 2022 2023 2024 2025 Note: Recurring attributable profit excludes extraordinary impacts and i

3. Slide 3: BBVA is leader in growth

   BBVA is leader in growth LOAN GROWTH (2025 VS. 2021, BASE 100, %, CURRENT €) #1 +43% PEERS EUROPEAN PEERS AVERAGE 5% 2021 2022 2023 2024 2025 European Peers: BARC, BNPP, DB, HSBC, ING, ISP, LBG, NDA, SAN, SG, UCG, CABK, CASA. It excludes UBS due to inorganic transactions in the period. p. 3

4. Slide 4: We lead the european industry in efficiency

   We lead the european industry in efficiency EFFICIENCY (COST OVER REVENUE, 2025, %) Peer 1 Peer Peer Peer EUROPEAN PEERS 2 3 Peer AVERAGE 4 52% Peer 5 Peer Peer 6 7 8 Peer Peer 9 Peer 10 Peer 11 Peer Peer 12 13 #1 14 39% European Peers: BARC, BNPP, CABK, CASA, DB, HSBC, ING, ISP, LBG, NDA, SAN, SG, UC

5. Slide 5: Differential profitability versus our competitors

   Differential profitability versus our competitors PROFITABILITY (ROTE 2025, %) 19.3% #1 Peer Peer Peer 14 Peer Peer 13 10 11 12 Peer Peer Peer Peer 9 EUROPEAN PEERS 6 7 8 AVERAGE Peer Peer Peer 1 Peer 2 Peer 3 4 5 13.3% European Peers: BARC, BNPP, CABK, CASA, DB, HSBC, ING, ISP, LBG, NDA, SAN, SG, UC

6. Slide 6: We grow while maintaining prudent management and strengthening our risk metrics

   We grow while maintaining prudent management and strengthening our risk metrics 4.2 4.2 4.1 NPL RATIO 3.4 3.4 (%) 3.0 2.7 COVERAGE 85 (%) 75 82 75 81 77 80 2019 2020 2021 2022 2023 2024 2025 Note: For comparative purposes, figures exclude BBVA USA business sold to PNC. p. 6

7. Slide 7: We exceed one hundred billion in market capitalization

   We exceed one hundred billion in market capitalization BBVA MARKET CAPITALIZATION (SINCE JANUARY 1st 2019 TO MARCH 19th 2026) 125 €BN 100 €BN #2 75 €BN Bank of the Eurozone 50 €BN 25 €BN 2019 2020 2021 2022 2023 2024 2025 2026 p. 7

8. Slide 8: We maintain a solid capital position

   We maintain a solid capital position CAPITAL RATIO EXCESS CAPITAL OVER REQUIREMENT (CET1, BPS) 12.70% CET1 FL 372 313 Clearly above requirement REQUIREMENT1 8.98% EUROPEAN PEERS AVERAGE Capital requirement after January 1st 2026 p. 8

9. Slide 9: Business areas

   Annual General Meeting Business areas

10. Slide 10: Excellent performance of the business areas

    Excellent performance of the business areas NET ATTRIBUTABLE PROFIT NET ATTRIBUTABLE VAR.% vs. 2024 PROFIT (€M) (CURRENT €) SPAIN 4,175 +11% MEXICO 5,264 -3% TURKEY 805 +32% SOUTH AMERICA 726 +14% REST OF BUSINESS 627 +23% Note: Corporate Center figures excluded p. 10

11. Slide 11: Franchises increasingly leading across geographies

    Franchises increasingly leading across geographies LOAN MARKET SHARE Spain Mexico Turkey Colombia Peru Argentina 25.5% 19.3% 22.5% 20.4% 13.6% 14.2% 23.1% 12.2% 17.3% 10.3% 11.1% 7.7% 2019 2025 2019 2025 2019 2025 2019 2025 2019 2025 2019 2025 Var. 25/24 Var. 25/24 Var. 25/24 Var. 25/24 Var. 25/24 V

12. Slide 12: Attract more clients is the best growth strategy

    Attract more ACTIVE CLIENTS PER COUNTRY clients is the best growth Spain Mexico Turkey +59% +82% strategy +24% 2019 2025 2019 2025 2019 2025 Colombia Peru Argentina +5% +67% +44% 2019 2025 2019 2025 2019 2025 p. 12

13. Slide 13: Strategy execution

    Annual General Meeting 2026 Strategy execution

14. Slide 14: Our strategic priorities will reinforce our leadership position

    Our strategic priorities will reinforce our leadership position Artificial Intelligence Radical Client Enterprises Team Perspective Value Sustainability Creation p. 14

15. Slide 15: Leading in customer satisfaction

    Leading in customer satisfaction NET PROMOTER SCORE BBVA GROUP +9PP vs. 2019 11% NEGATIVE EXPERIENCES (IMPROVEMENT 2025 VS 2024) 1 Spain Mexico Peru 2 Turkey Colombia Uruguay 3 Argentina p. 15

16. Slide 16: Sustainability is a major growth opportunity

    Sustainability is a major growth opportunity SUSTAINABLE BUSINESS CHANNELED PER SEGMENT (VARIATION 2025 VS 2024) RETAIL ENTERPRISES CORPORATE & INVESTMENT BANKING + 92% +49% +34% p. 16

17. Slide 17: Outstanding growth in key areas

    Outstanding growth in key areas REVENUES PER BUSINESS AREA (GROSS INCOME, VAR. 2025 VS 2024, CONSTANT €) BBVA Group + 16% Cross-border business Payments Insurance1 Asset Management + 20% + 24% + 16% + 48% (1) Insurance PBT + Fees p. 17

18. Slide 18: Artificial Intelligence; we have a clear roadmap

    Artificial Improving client experience Intelligence; we have a clear Process efficiency roadmap Employee productivity p. 18

19. Slide 19: Solid evolution of the financial goals to 2028

    Solid evolution of the financial goals to 2028 ROTE TANGIBLE BOOK VALUE + EFFICIENCY RATIO NET ATTRIBUTABLE PROFIT (%, CURRENT €) DIVIDENDS (%, CURRENT €) (CURRENT €BN) (% GROWTH , CURRENT € / SHARE) GOAL GOAL GOAL c.22% c.15% c.48 €BN Average 2025-2028 CAGR1 2024-2028 39% Cumulative 2025-2028 12M25

20. Slide 20: The best and most committed team

    The best and most committed team ENGAGEMENT SURVEY KANTAR Customer comes first We think big We are one team 90 0 100 High level of commitment of employees, above benchmark for financial sector +15 points p. 20

21. Slide 21: Onur Genç, Chief Executive Officer

    Onur Genç CHIEF EXECUTIVE OFFICER

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