Grupo Supervielle Sa Class B · BCBA:SUPV
Grupo Supervielle Sa Class B — Q1 2025 Earnings Presentation
26 slides from Grupo Supervielle Sa Class B's earnings presentation, May 28, 2025
Slide 1: First Quarter 2025 Results
First Quarter 2025 RESULTS May 28, 2025 IR-GrupoSupervielle@gruposupervielle.com.ar San Martín 344, C1004 Ciudad de Buenos Aires, Argentina
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward-looking statements that reflect the current views and/or expectations of Grupo Supervielle and its management with respect to its performance, business and future events. We use words such as “believe,” “anticipate,” “plan,” “expect,” “intend,” “
Slide 3: 1Q25 Highlights: Navigated a Transitional Macro Environment
1Q25 Highlights: Navigated a Transitional Macro Environment; Maintain Confidence in Our Core Strengths to Drive Growth 2025 Environment Temporary macro headwinds impacted Loan Market Share Solid Asset Quality 1Q25 loan demand • Precautionary behavior ahead of IMF milestone agreement Gains & Mix & Ca
Slide 4: 1Q25 Highlights: Scaling Innovation to Deepen Customer Engagement and Accelerate Growth
1Q25 Highlights: Scaling Innovation to Deepen Customer Engagement and Accelerate Growth 1Q25 strategic initiatives TIENDA WhatsApp Investment Integrated Gen Innovative First Bank to Have transactions AI-powered Remunerated An Official Online powered by IOL interactions via Account Store Hosted On th
Slide 5: Loan Book Up 3% QoQ and 104% YoY; Strategic Loan Mix Shift
Loan Book Up 3% QoQ and 104% YoY; – Strategic Loan Mix Shift Toward Higher-Yielding Retail Segments 02 Total Loan Breakdown 01 Assets Evolution [AR$. Bn) [%]2) +34.0% +9.1% 100% 100% 100% 4,003 4,919 5,365 Net Loans: 45% of total 36,4% +104% YoY 48,0% 51,7% 2.392 2.347 1.172 Public Sector(1): 26% of
Slide 6: Retail Momentum, Particularly Car Loans, Drives Growth while Commercial Loans Soften
Retail Momentum, Particularly Car Loans, Drives Growth while Commercial Loans Soften Sequentially 01 Retail Loans: 52% of total 02 Commercial Loans: 48% of total In AR$ Bn. 1 QoQ YoY 18 7 3 10 Retail In AR$ Bn. Retail 33 405 29% 307% Portfolio Portfolio QoQ YoY 52% of 48% of 52 24 total 313 29 total
Slide 7: NPL Ratio at 2.0% Reflects Credit Origination Normalization
NPL Ratio at 2.0% Reflects Credit Origination Normalization and Loan Mix Shift; Remains Below Historical Levels and in-Line with Industry Benchmark NPL & Coverage Loan Loss Ratio [%] Provisions [%] Loan Loss Provisions, Net [in AR$ million] 263,7% (1) 5,0% Cost of risk [%] 4,1% 169,2% 152,7% 2,5% 4,
Slide 8: Focused Growth in Payroll Lending and Strong Potential Commercial Segments
Focused Growth in Payroll Lending and in Strong Potential Commercial Segments Loans to payroll and pension clients/ total 53% loans to individuals Collateralized commercial loan portfolio 27% Personal loans granted to payroll Collateralized non performing 88% customers 75% commercial loan portfolio
Slide 9: Client Net Financial Income Up 17% QoQ with NIM at 21%
Client Net Financial Income Up 17% QoQ with NIM at 21%; Market Volatility Weighed on Investment Portfolio Net Financial Income NIM breakdown [AR$ Mill.] 160,2 -62.4% -12.4% Var % 33,6 NFI 465,937 200,235 175,423 QoQ 46,1 YoY 20,7 21,3 17,5 -46.6 -86.1% 1Q24 4Q24 1Q25 Loan Portfolio Investment Portfo
Slide 10: 2025 Perspectives: Delivering Growth and Long-Term Value Creation
2025 Perspectives: Delivering Growth and Long-Term Value Creation 1Q QoQ Var YoY Var 2025e $ US$ • Loans expected to grow between 50-60% in real terms contingent Loans on monetary policy & regulation 6,0% 104% 50-60% • Retail loans regaining share of total loans -9,8% 1Q QoQ Var YoY Var 2025e $ US$
Slide 11: 2025 Perspectives: Strengthening the Foundation for Long-Term Value Creation
2025 Perspectives: Delivering While Strengthening the Foundation for Long-Term Value Creation 1Q QoQ Var* 1Q YoY Var* 2025e • Bank net fees expected to grow on higher income and lower expenses Net Fee 29% Growth in real • Asset Management fees anticipated to follow growth in AUMs Income terms • Insu
Slide 12: Annex I: 1Q25 Supplementary Financial Information & Ratios
Annex I: 1Q25 Supplementary Financial Information & Ratios 12
Slide 13: 1Q25 Net Income at AR$7.9 billion with ROAE at 3.5%
1Q25 Net Income at AR$7.9 billion with ROAE at 3.5%. Navigated a Transitional Macro Environment; Maintain Confidence in Our Core Strengths to Drive Growth 1Q25 EARNINGS • Execution of the • Lower yields on • Operating • Impact from Banking fees up 3.4%, • LLPs rise reflecting 4Q24 impacted by • High
Slide 14: Gradual shift towards private-sector loans, from Treasury Notes
Gradual shift towards private-sector loans, from Treasury Notes. LDR and Leverage still below historical levels. Shift from Investment to Loan portfolio [% of Assets] Investment portfolio Loans -24p.p. +22p.p. 50% 48% 45% 45% 40% 36% 39% 29% 24% 22% 26% 23% Dec 23 Mar 24 Jun 24 Sep 24 Dec 24 Mar 25
Slide 15: Atomized and Diversified Loan Portfolio within Company Portfolio Limits
Atomized and Diversified Loan Portfolio within Company Portfolio Limits Loans breakdown by industry [%] 1Q25 4Q24 1Q24 Business Sector Share Share Share Families and individuals 47.9% 42.3% 30.6% Agribusiness 7.7% 9.4% 9.8% Food & Beverages 5.7% 6.1% 7.1% Utilities 3.6% 4.3% 7.4% Transport 3.0% 2.6%
Slide 16: Robust deposit growth of 8% outpaces industry
Robust deposit growth of 8% outpaces industry, supported by strong private sector inflows Deposits Evolution Deposits Breakdown [AR$ Bn.] +34.0% AR$ Deposits (Bn.) US$ Deposits (MM) +7.7% +170% +19.7% 2,768 3,445 3,710 +12.0% +0.1% 2.823 824 825 2.521 2.359 306 1Q24 4Q24 1Q25 1Q24 4Q24 1Q25 73% 76%
Slide 17: Total Funding +11% YoY, driven by deposits and corporate notes
Total Funding +11% YoY, driven by deposits and growing contribution from corporate notes reaching 5% of total funding Funding AR$ Deposits Breakdown AR$ Deposits Breakdown [AR$ Bn.] [%] [%] +34.1% +19.7% +10.5% +12.0% 4,903 2,359 2,521 2,823 3,657 4,437 Wholesale 53% Funding 64% 61% Total Deposits 7
Slide 18: Expenses contracted 17% YoY and 12% QoQ, efficiency ratio at 60%
Expenses contracted 17% YoY and 12% QoQ, resulting in efficiency ratio at 60% in 1Q25 vs 64% in 4Q24 Net Revenues, Expenses & Efficiency Ratio [AR$ Mill.] EFFICIENCY [%] 33.8 63.8 59.6 Net Revenues 1 Expenses 2 438.526 1Q25 1Q25 221.018 207.477 148.070 140.962 123.601 Q oQ -6.1% Q oQ -12.3% 1Q24 4Q2
Slide 19: Fee income gaining traction with Net Service Fee Income +29% YoY
Fee income gaining traction with Net Service Fee Income +29% YoY; Insurance +47% YoY Fee Income breakdown Net Service Fee Income ex ex insurance[%] insurance [AR$ Mill.] 2,0% 0,7% 0,0% Non financial services +29.5% 10,0% 13,1% 13,3% +0.0% Asset Management Other bank fees 45.472 45.457 13,9% 11,2% 11
Slide 20: 1Q25 Net Income at AR$7.9 billion with ROAE at 3.5%
1Q25 Net Income at AR$7.9 billion with ROAE at 3.5%. Navigated a Transitional Macro Environment; Maintain Confidence in Our Core Strengths to Drive Growth Profit Before Income Tax Attributable Net Income [AR$ Mill.] [AR$ Mill.] 72.460 22.454 30.599 10.395 7.938 -77.525 -53.344 -37.894 -41.872 -165.1
Slide 21: 2025 Performance - Capitalization with CET 1 Ratio at 15.3%
2025 Performance - Capitalization with CET 1 Ratio at 15.3% supports loan expansion. • RWA growth above inflation • AR$30 billion • Higher deductions TIER1 • Profit • New capital requirements on on deferred tax dividend paid & KEY MESSAGE capitalization Operational Risk: 1.4%. Non.- AR$11 billion re
Slide 22: 2025 Performance - Capitalization with CET 1 Ratio at 15.3%
2025 Performance - Capitalization with CET 1 Ratio at 15.3% supports loan expansion. • New capital • Higher TIER1 • Profit requirements on deductions on KEY MESSAGE capitalization Operational Risk: ECL and 1.4%. Non.- recurring deferred tax +0.6 -1.5 +0.1 16,1% 15.3% Dec 24 Bank, Net Result RWA Dedu
Slide 23: Income Statement & Balance Sheet
Income Statement & Balance Sheet In millions of Ps. stated in terms of the measuring unit current at the end of the reporting period 1Q25 4Q24 3Q24 2Q24 1Q24 QoQ YoY Net Interest Income 148.370 155.865 161.489 219.728 332.799 -4,8% -55,4% NIFFI & Exchange Rate Differences 27.053 44.370 27.258 47.548
Slide 24: Key Indicators
Key Indicators 1Q25 4Q24 3Q24 2Q24 1Q24 ROAE 3,5% 13,9% 4,8% 10,4% 33,9% Profitability ROAA 0,6% 2,6% 1,0% 2,3% 7,4% & efficiency Net Interest Margin (NIM) 19,2% 24,9% 24,7% 36,3% 61,8% Net Fee Income Ratio 23,5% 21,2% 22,5% 14,0% 8,1% Cost / Assets 9,9% 11,9% 12,9% 14,1% 15,0% Efficiency Ratio 59,6
Slide 25: Key Indicators
Key Indicators 1Q25 4Q24 3Q24 2Q24 1Q24 Retail Price Index (%) – QoQ 8,5% 8,0% 12,1% 18,6% 51,6% Retail Price Index (%) – YoY 55,9% 117,8% 209,0% 271,5% 287,9% UVA (var) 7,2% 10,2% 13,2% 32,6% 69,6% Macro Pesos/US$ Exchange Rate 1.073,88 1.032,50 970,92 911,75 857,42 data Badlar Interest Rate (eop)
Slide 26: Thank You!
Thank You! IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina