25 slides from Banco Bilbao Vizcaya Argentaria's earnings presentation, Feb 1, 2021
Slide 1: Group 2020 Results
vy Creating Opportunities Group BBV 2020 Results
Slide 2: Disclaimer
Disclaimer This document is only provided for information purposes and does not constitute, nor should it be interpreted as, an offer to sell or exchange or acquire, or an invitation for offers to buy securities issued by any of the aforementioned companies. Any decision to buy or invest in securiti
Slide 3: BBVA global presence and financial highlights
OUR PURPOSE ©© To bring the age of opportunity to everyone BBVA'S GLOBAL PRESENCE DECEMBER 2020 cn Branches 7432 Employees Countries * >30 t 123,174 CUSTOMERS & DIGITAL SALES DECEMBER 2020 4 CUSTOMERS >% DIGITAL SALES 80.7 million ne 48.7% © Digital @ Mobile customers customers Units 370m = 34.5m 64
Slide 4: Purpose
BVA Purpose iting Opportunities
Slide 5: Our purpose and new strategic priorities
OUR PURPOSE NEW STRATEGIC PRIORITIES ay V clients’ A® Helping our cli * financial health Siti s sustainable future x : @%& Reaching more clients Driving operational _ © excellence @P The best and most > ensasecieatl & Data and Technology OUR: VALUES Customer comes first We think big We are one team
Slide 6: BBVA has taken a step forward in response to COVID-19
BBVA PURPOSE BBVA has taken a step forward in response to the COVID-19 crisis Protect the health and safety of our employees, clients and society o . . Y> Provide an essential service to our communities Offer financial support to our clients ww © BBVA has donated more than €35 million and has mobili
Slide 7: Leveraging our digital capabilities to better serve our clients
BBVA PURPOSE Leveraging our digital capabilities to better serve our clients 4 MOBILE CUSTOMERS MILLION CUSTOMERS, PERCENTAGE 34.5 Dec-16 Dec-17_ Dec-18 Dec-19 Dec-20 24.9% 35.1% 43.8% 51.8% 59.0% MOBILE PENETRATION (1) Product Relative Value as a proxy of lifetime economic representation of units s
Slide 8: Digital capabilities proven differential in reaching more customers
BBVA PURPOSE Our digital capabilities have proven to be differential in reaching more customers 4 GROSS NEW CUSTOMERS ACQUISITION! (MN CUSTOMERS, % CUSTOMERS ACQUIRED THROUGH DIGITAL CHANNELS) 74 73 o @ ore alma Ze DIGITAL 55 cncn a ACQUISITION = nm = +569 5.0 mim an a vs.20 oo i tom : > nm enen = n
Slide 9: We continue to deliver on sustainability strategy
BBVA PURPOSE We continue to successfully deliver on sustainability strategy Helping our clients transition towards a more sustainable future OVERDELIVERING ON BBVA'S PROVIDING SUSTAINABLE FINANCE AND ADVICE 2025 PLEDGE Wholesale clients New sustainable solutions for all segments €Bn él 00 Bn 11.0 ZN
Slide 10: 12M20 Results
iting Opportunities 12M20 Results
Slide 11: Solid quarterly profit evolution, improving capital position and TBV per share recovery
12M20 RESULTS Solid quarterly profit evolution, improving capital position and tangible book value per share recovery / NET ATTRIBUTABLE PROFIT / CET1 FULLY LOADED sf (€M CURRENT) (%) 11.74% 11 52% 11.73% e —) i 1,320 11.22% eo @ Solidcore revenue growth 1,163 — 114] 304 <a @® Very strong cost contr
Slide 12: Profit & Loss
12M20 RESULTS 12M20 Profit & Loss Change 2020/2019 BBVA Group Net Interest Income 16,801 7.3 3.6 Net Fees and Commissions 4,616 83 -0.4 Net Trading Income 1,692 22.3 37.6 Other Income & Expenses -135 ns. ns. Gross Income 22,974 -6.1 45 Operating Expenses -10,755 -9.6 -2.6 Operating Income 12,219 -2.
Slide 13: Very strong cost control and best-in-class efficiency
12M20 RESULTS Very strong cost control and best-in-class efficiency 4 OPERATING EXPENSES 4 GROUP OPERATING JAWS / EFFICIENCY RATIO (€M CONSTANT) (12M20 YoY, %;€ CONSTANT) (%;€ CONSTANT) 72.7% 63.7% L | FOOTPRINT INFLATION 2,867 2,790 4.2% 27% Average 12m 46.8% | | -2.6% Core Operating 4Q19 4Q20 Reve
Slide 14: BBVA USA sale: a historic deal that unlocks value
BBVA USA sale: a historic deal that unlocks value LARGE SIZE TRANSACTION AT VERY MAIN RATIOS ATTRACTIVE PRICE 2.5x 19.7x c.€10bn! PER 2019 €3.8bn . 1.34x P/TBV Value assigned by Transaction Sep 2020 analyst price COnS€NnSuS (1) Based on a EUR/ USD exchange rate of 1.20
Slide 15: Shareholder distributions
12M20 RESULTS Shareholder distributions 2020 dividend 2021 ordinary dividend Extraordinary distributions Follows regulatory guidance Plan to recover our clear, The excess capital allows for predictable and sustainable policy additional distributions to = €5.9 cents per share once regulatory restrict
Slide 16: 12M20 Results: Business Areas
iting Opportunities 12M20 Results Business Areas
Slide 17: A well-diversified footprint with leadership positioning
12M20 RESULTS - BUSINESS AREAS A well-diversified footprint with leadership positioning / BREAKDOWN BY BUSINESS AREA TOTAL ASSETS! DEC.20 South America Restof 7% Eurasia 3% Turkey sum! 3% Mexico ( Spain 15% \, 54% USA 13% GROSS INCOME! 12M20 Rest of Eurasia South America 2% 14% ul Spain ° 4 \ 24% Tu
Slide 18: Business Areas: Spain and USA
12M20 RESULTS - BUSINESS AREAS Business Areas €M 12M20. Change in % vs. 12M19 @ Spain / OPERATING INCOME / NET ATTRIBUTABLE PROFIT €2,515 M €606 M 12M20 vs. 12M19 Net Interest Income 3,553 -0,4% Net Fees and Commissions 1,802 +2.9% Operating Expenses -3,039 6.6% Operating Income 2,515 +4.7% Impairme
Slide 19: Business Areas: Mexico and Turkey
12M20 RESULTS - BUSINESS AREAS Business Areas €M 12M20. Change in % vs. 12M19 Bl Mexico constante / OPERATING INCOME €4,6077M / NET ATTRIBUTABLE PROFIT €1,/59 M 12M20 vs. 12M19 Net Interest Income 5,415 Net Fees and Commissions 1,065 Operating Expenses -2,340 +0.7% Operating Income 4,677 -1.1% Impai
Slide 20: Business Areas: South America
12M20 RESULTS - BUSINESS AREAS Business Areas €M 12M20. Change in % vs. 12M19 South America constant! / OPERATING INCOME €1,853 M / NET ATTRIBUTABLE PROFIT 446 M€ RESULTADO ATRIBUIDO 12M20 vs. 12M19 = Colombia 165 -28.9% BA Peru 110 -41.8% = Argentina 89 ns. (1) Venezuela in current€ Colombia: opera
Slide 21: CIB 12M20 Results
12M20 RESULTS - BUSINESS AREAS CIB — 12M20 Results / BUSINESS ACTIVITY / CLIENT’S REVENUE / RESULTS (CONSTANT €, % YTD) (CONSTANT€, % YoY) (CONSTANT€, % YoY) LENDING GROSS INCOME 61 €bn 41.6% 2,990 €m — +14% 3,135€m 415.1% . OPERATING INCOME CUSTOMER FUNDS Wholesale banking AS €bn 431.5% O4 % recurr
Slide 22: Annex
iting Opportunities Annex
Slide 23: BBVA had significant growth since 1995
ANNEX BBVA had significant growth since 1995 More than 160 years of history © 1995 © 1996 © 1997 © 1998 © 2005 Banco Continental (Peru) Probursa (México) Banco Ganadero (Colombia) Bancos Cremi and Oriente (Mexico) Banco Francés (Argentina) Banco Provincial (Venezuela) B.C. Argentino (Argentina) Ponc
Slide 24: Organizational chart
ANNEX Organizational chart Chief Executive Officer ave Onur Geng BUSINESS UNITS GLOBAL FUNCTIONS Global Head of Corporate 9 Global Head of Client Solutions & Investment Banking David Puente Luisa Gémez Bravo Country Monitoring! e Global Head of Finance Jorge Saenz-Azcunaga Jaime Saenz de Tejada Peio
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