Bawag Group Ag · VIE:BG
Bawag — Q1 2026 Earnings Presentation
20 slides from Bawag's earnings presentation, Apr 21, 2026
Slide 1: Q1 2026 BAWAG Group Results
Q1 2026 BAWAG GROUP RESULTS April 21, 2026
Slide 2: Q1 2026 Highlights & Strategy
Q1 2026 HIGHLIGHTS & STRATEGY April 21, 2026 2
Slide 3: Highlights Q1 2026
HIGHLIGHTS Q1 2026 FINANCIAL PERFORMANCE BALANCE SHEET & CAPITAL STRATEGIC UPDATE & TARGETS €232 million Net profit / +16% vPY +1% customer loan growth vPQ PTSB AS STRATEGIC OPPORTUNITY − BAWAG agreed recommended all cash offer for PTSB − PTSB with €30 billion assets … ~1.3m customers €579 million C
Slide 4: Growing Our Franchise
GROWING OUR FRANCHISE Opportunity to acquire third largest bank in Ireland ASSET STRUCTURE 3RD LARGEST − Retail-focused bank serving ~ 1.3 million customers 4% BANK IN − €22.2 billion customer loans, of which 90%+ residential mortgages 23% Customer loans IRELAND − €25.6 billion customer deposits, of
Slide 5: BAWAG and PTSB Combination
BAWAG AND PTSB COMBINATION STRATEGIC SCALE AND LONG-TERM VALUE CREATION PRO-FORMA BALANCE SHEET COMPOSITION DEAL RATIONALE STRATEGIC FIT DAY-1 FINANCIAL DISCIPLINED CAPITAL BAWAG1 PTSB1 Combined Delta 1 2 ACCRETION 3 ALLOCATION Assets €72b €30b €102b +40% Fully aligned with our long-term vision P&L
Slide 6: Capital Development
CAPITAL DEVELOPMENT >100 basis points gross capital generation in Q1'26 DEVELOPMENTS HIGH CAPITAL-GENERATING BUSINESS − Gross capital generation of 103 bps through earnings − RWA growth offset by corporate SRT executed in Q1 ‘26 PARTICIPATION SALE − Intangible/RWA impact from sale of minority invest
Slide 7: Deal Funding & Assumptions
DEAL FUNDING & ASSUMPTIONS Target to fully self-fund transaction (~450bps of CET 1 required) CET 1 Ratio EXCESS CAPITAL AS OF YEAR-END 2025 210bps Capital required to fund transaction CET 1 Management target >12.5% PLANNED MEASURES +250bps +250 bps 1o Dividend policy change for 2026 (~200bps in 1H 2
Slide 8: Q1 2026 Detailed Financials
Q1 2026 DETAILED FINANCIALS April 21, 2026 8
Slide 9: Financial Performance & Balance Sheet Overview
FINANCIAL PERFORMANCE & BALANCE SHEET OVERVIEW FINANCIAL PERFORMANCE BALANCE SHEET P&L | € millions Q1 '26 Q1 '25 vPY Q4 '25 vPQ Balance sheet | € millions Q1 '26 Q1 '25 vPY Q4 '25 vPQ Net interest income 480.2 445.8 8% 473.1 2% Total assets 71,675 73,053 (2%) 72,297 (1%) Net commission income 98.7
Slide 10: Core Revenues
CORE REVENUES NET INTEREST INCOME NET FEE & COMMISSION INCOME NIM 490 3.45% 3.60% 3.31% 3.28% 3.32% 3.40% 480 3.25% 3.20% 470 3.00% 460 2.80% 450 480 473 2.60% 440 458 460 99 2.40% 97 446 94 430 2.20% 89 90 420 2.00% Q1 '25 Q2 '25 Q3 '25 Q4 '25 Q1 '26 Q1 '25 Q2 '25 Q3 '25 Q4 '25 Q1 '26 − 1% customer
Slide 11: Operational Expenses & Risk Cost
OPERATIONAL EXPENSES & RISK COST OPERATING EXPENSES RISK COST CIR Risk cost ratio 210 37.0% 37.5% 36.1% 40.0% 33.8% 32.5% 205 35.0% 30.0% 200 25.0% 195 150 0.80% 20.0% 130 0.70% 190 207 110 0.60% 15.0% 0.43% 0.45% 0.46% 198 200 90 0.37% 0.37% 0.50% 185 194 10.0%70 0.40% 188 50 0.30% 180 65 5.0% 30 5
Slide 12: Segment Financials
SEGMENT FINANCIALS RETAIL & SME CORPORATES, REAL ESTATE & PUBLIC SECTOR P&L | € millions Q1 '26 Q1 '25 vPY Q4 '25 vPQ P&L | € millions Q1 '26 Q1 '25 vPY Q4 '25 vPQ Core revenues 500.7 432.5 16% 497.8 1% Core revenues 76.7 74.6 3% 74.5 3% Net interest income 408.8 350.9 17% 407.6 —% Net interest inco
Slide 13: 2026 Outlook & Targets
2026 OUTLOOK & TARGETS RECONFIRMING TARGETS 2026 OUTLOOK 2026 TARGET THROUGH-THE-CYLCE TARGETS Net interest income > 6% NET PROFIT ROTCE >20% Core revenues > 6% Operational expenses > (5%) CIR <33% €860m >€960m Risk cost ~45bps €760m Regulatory charges €(48)m CET1 12.5% 2024 2025 2026 April 21, 2026
Slide 14: Q1 2026 Supplemental Information
Q1 2026 SUPPLEMENTAL INFORMATION April 21, 2026 14
Slide 15: Balance Sheet Positioned for Growth While Staying Conservative
BALANCE SHEET POSITIONED FOR GROWTH WHILE STAYING CONSERVATIVE FORTRESS BALANCE SHEET, DISCIPLINED UNDERWRITING, AND LONG-TERM FOCUS ON RISK ADJUSTED RETURNS LOW-RISK BALANCE SHEET FOCUSED ON RETAIL & SME PORTFOLIO MANAGEMENT € billion − €13.6b cash available to deploy into customer lending and/or a
Slide 16: Retail & SME
RETAIL & SME PORTFOLIO OVERVIEW HOUSING CONSUMER & SME 3% 1% 4% 10% Netherlands Austria Consumer loans 14% 29% 43% Overdrafts & Cards €27b Germany North America €13b Leasing & Factoring 63% Ireland SME 33% OVERVIEW OVERVIEW − 36% state or insurance guaranteed − Portfolio comprised of €8.1b unsecured
Slide 17: Corporates & Real Estate
CORPORATES & REAL ESTATE PORTFOLIO OVERVIEW CORPORATES REAL ESTATE By geography By geography By LTV By industry €2.6b €2.6b €5.7b − Strong credit quality driven by focus on consistent cash flows in non-cyclical industries − Resilient portfolio with low leverage profile (~ 50% LTV, 97% of book <80% )
Slide 18: Definitions
DEFINITIONS B/S leverage Leverage ratio Total assets/common equity (excluding earmarked dividend and buyback) Tier 1 capital (including interim profit, earmarked dividends, buyback/total exposure (CRR Book value per share definition) Common equity (excluding AT1 capital, dividends and buyback)/numbe
Slide 19: Disclaimer
DISCLAIMER Responsibility statements required by Irish Takeover Rules The directors of the management boards of each of BAWAG Group AG (“BAWAG” or “BAWAG Group”) and BAWAG PSK (the “BAWAG Directors”) accept responsibility for the information contained in this presentation. To the best of the knowled
Slide 20: Important Disclaimer
IMPORTANT DISCLAIMER: This presentation is prepared solely for the purpose of providing general information about BAWAG Group, Wiedner Gürtel 11, 1100 Wien. The information does not constitute investment or other advice or any solicitation to participate in investment business. This presentation doe