Attijariwafa Bank Sa · CSEMA:ATW
Attijariwafa Bank Sa — H1 2026 Earnings Presentation
56 slides from Attijariwafa Bank Sa's earnings presentation, June 2026
Slide 1: Attijariwafa bank - Believe in you
Si, Lagugyloill ao Attijariwafa bank Believe in you
Slide 2: Download the presentation / investor contact
BOS You can download the presentation at: Oe SCAN HERE taal A> https://ir.attijariwafabank.com/ scnaran 4 = uae Reports r fur m n, contact us a on EN @® t.ouazzanieattijariwafa.com Fs. Wimisow|. 6 oat Campany Oveven + Franca ‘STOCK INFORMATION ay 665.00 as800 za ANALYST PRESENTATIONS corant pests Pe
Slide 3: Attijariwafa bank
Attjarivafa bank DIFFUSABLE
Slide 4: Overview of macroeconomic environment in AWB's countries of presence
Overview of macroeconomic environment in AWB’'s countries of presence
Slide 5: Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 5
Slide 6: Macroeconomic environment in Morocco: Outlook and main indicators per sector
MMacroeconomic environment in Morocco : Outlook and main indicators per sector 2023 vs 2022 2024 vs 2023 2025 vs 2024 HI 2026 vs HI 2025 Agriculture as Agriculture GDP +1.4% ttt 4.8% +4.5% att +20.4% tt National Dam Fill Rate 23,5% 28.7% YN ah 57.T%** — Phosphate and derivatives Phosphates exports -
Slide 7: Dec-19 Dec-20 Dec-21
# Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 June-26 Dec-26 7
Slide 8: BAM.MIN index, BAM.MAX index, USD/MAD
BAM.MIN INDEX BAM.MAX INDEX USD/MAD 8
Slide 9: 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 9
Slide 10: 7,5 7,0 6,5 6,0 5,5 5,0 4,5 4,0 3,5 3,0 2,5 2,0 1,5 1,0
7,5 7,0 6,5 6,0 5,5 5,0 4,5 4,0 3,5 3,0 2,5 2,0 1,5 1,0 0,5 - 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 2026 2026 2027 10
Slide 11: Sovereign bond yields curve trend between 2018 and H1 2026
lB Sovereign bond yields curve trend between 2018 and H1 2026 Dec-2018 Dec-2019 Dec-2020 Dec-2021 Dec-2022 Dec-2023 June-2024 Dec-2024 June-2025 Dec-2025 June-2026 Key interest rate 257 9 27% 2,25% 2,32% —s -53 bps -63 bps +4 bps 2,85% 2,98% 2,83% 2,64% 281% _ 20 2,08% 198% 2ATh =e —*% o—_ = +155 bp
Slide 12: 2022 2023 2024 2025 June June 2022 2023 2024 2025 June June
2013 2022 2023 2024 2025 June June déc.-14 juin-15 déc.-15 juin-16 déc.-16 juin-17 déc.-17 juin-18 déc.-18 juin-19 déc.-19 juin-20 déc.-20 juin-21 déc.-21 juin-22 déc.-22 juin-23 déc.-23 juin-24 déc.-24 juin-25 déc.-25 juin-26 2025 2026 déc.-14 juin-15 déc.-15 juin-16 déc.-16 juin-17 déc.-17 juin-18
Slide 13: 2022 2023 2024 2025 June June
2013 2022 2023 2024 2025 June June 2025 2026 déc.-14 juin-15 déc.-15 juin-16 déc.-16 juin-17 déc.-17 juin-18 déc.-18 juin-19 déc.-19 juin-20 déc.-20 juin-21 déc.-21 juin-22 déc.-22 juin-23 déc.-23 juin-24 déc.-24 juin-25 déc.-25 juin-26 2013 2022 2023 2024 2025 June June déc.-14 juin-15 déc.-15 juin
Slide 14: 2022 2023 2024 2025 June June 2022 2023 2024 2025 June June
déc.-14 juin-15 déc.-15 juin-16 déc.-16 juin-17 déc.-17 juin-18 déc.-18 juin-19 déc.-19 juin-20 déc.-20 juin-21 déc.-21 juin-22 déc.-22 juin-23 déc.-23 juin-24 déc.-24 juin-25 déc.-25 juin-26 2013 2022 2023 2024 2025 June June 2025 2026 2013 2022 2023 2024 2025 June June déc.-14 juin-15 déc.-15 juin
Slide 15: June June
2022 2023 2024 June 2025 June 2025 2026 2015 2024 2025 June June 2025 2026 2015 2024 2025 June June 2025 2026 2015 2024 2025 June June 2022 2023 2024 June 2025 2025 June 2026 2025 2026 2015 2024 2025 June June 2025 2026 15
Slide 16: June 2026 June 2026 2026 F
2023 2024 2025 2026 2023 2024 2025 2026 2023 2024 2025 2026 2023 2024 2025 June 2026 2023 2024 2025 2026 2023 2024 2025 2026 2023 2024 2025 2026 2023 2024 2025 June 2026 2023 2024 2025 2026 2023 2024 2025 2026 2023 2024 2025 2026 2023 2024 2025 2026 F 2023 2024 2025 2026 2023 2024 2025 2026 2023 202
Slide 17: • • • • • • • • • • • • • •
• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • 17
Slide 18: IFRS consolidated financial statements as of June 30, 2026
IFRS consolidated financial statements as of June 30t, 2026
Slide 19: H1 2026 key figures
H1 2026 key figures (oor taking Income MAD 18.4 wo» al +4% (+3.5%!) 98.277) Gross Operating MAD 11.6 bn Income leall 41.5% (41.2%!) Net Income Group MAD 5.9 bn Share 2 [eal +1.1% (+0.7%!) Cost of risk (%) 0.50% Cost income ratio 56.8% ail +1.5 pt MAD 825.5 bn Avot pser lal 412% (11.4%!) lal +8% MAD
Slide 20: H1 2026 consolidated P&L
H1 2026 consolidated P&L Growth at constant (in MAD million) H1 2025 H1 2026 Growth rates eechoncaicios Net banking income 17 696 18 395 +4,0% (8.2%) +3,5% Net interest income 10 379 11229 +8,2% +7,7% Net fee income 3472 3 596 +3,6% +2,9% Income from market activities 3015 2919 -3,2% -3,5% Others -3
Slide 21: H1 2026 key financial indicators
H1 2026 key financial indicators Net interest margin (bps)! Net interest margin/Total assets (bps) Cost income ratio NPL ratio Cost of risk Leverage” RoaAé RoaE* RoaTE® H1 2019 A457 274 46.8% 6.78% 0.54% 10.3x 1.34% 13.72% 19.49% H1 2025 A497 282 55.5% 6.68% 0.62% 9.9x 1.89% 18.74% 24.60% H1 2026 48
Slide 22: H1 2026 key financial indicators by business line
H1 2026 key financial indicators by business line NBI Contrib to Cost income Cost of NIGS Contrib to (in MAD bn) NBI ratio risk (in MAD bn) NIGS BMET ra xn) 2asbps Gbps 8.8% om) +1.3% ww, + ps -6 bps -5.8% A 6.1 9 41.3% 0.78% 1.8 >» IRB 6 33% 5 50% = 8.0% i -59 bps -lib 11.7% . —_, P be . — ao mn SF
Slide 23: H1 H1 H1 H1 H1 H1
H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 23 23
Slide 24: H1 H1 H1 H1 H1 H1
H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 24 24
Slide 25: H1 H1 H1 H1 H1 H1
H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 25 25
Slide 26: par rapport à la médiane 2026
Jan-2025 Mar-2025 Jun-2025 Sep-2025 Dec-2025 Mar-2026 Jun-2026 Aug-2026 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 par rapport à la médiane 2026 H1 24 H1 25 H1 26 26 26
Slide 27: 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 25
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 25 H1 26 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 25 H1 26 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 25 H1 26 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 25 H1 26 27 27
Slide 28: H1 H1 H1 H1 H1 H1 H1 H1
H1 19 H1 24 H1 25 H1 26 H1 19 H1 24 H1 25 H1 26 H1 19 H1 24 H1 25 H1 26 H1 19 H1 24 H1 25 H1 26 28 28
Slide 29: H1 25 H1 26 H1 25
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 25 H1 26 - 23 bps 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 25 H1 26 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 25 H1 26 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 25 H1 26 29
Slide 30: H1 H1 H1 H1 H1 H1
H1 25 H1 26 H1 25 H1 26 H1 25 H1 26 H1 25 H1 26 H1 25 H1 26 H1 25 H1 26 H1 25 H1 26 H1 25 H1 26 H1 25 H1 26 30 30
Slide 31: H1 H1 H1 H1 H1 H1 H1 H1 H1 H1 H1 25 H1 26
H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 31 31
Slide 32: H1 H1 H1 H1 H1 H1 H1 H1 H1
H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 32 32
Slide 33: H1 H1 H1 H1 H1 H1
H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 H1 24 H1 25 H1 26 33 33
Slide 34: H1 H1 H1 H1 H1 H1 H1 H1
H1 19 H1 24 H1 25 H1 26 H1 19 H1 24 H1 25 H1 26 H1 19 H1 24 H1 25 H1 26 H1 19 H1 24 H1 25 H1 26 H1 19 H1 24 H1 25 H1 26 34
Slide 35: 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 25
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 25 H1 26 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 25 H1 26 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 25 H1 26 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 25 H1 26 35 2014 2015
Slide 36: Capital Adequacy and Liquidity Ratios
Capital Adequacy and Liquidity Ratios
Slide 37: Dec 31, 2018 Dec 31, 2019 Dec 31, 2020
Dec 31, 2018 Dec 31, 2019 Dec 31, 2020 June 30, 2021 Dec 31, 2021 June 30, 2022 Dec 31, 2022 June 30, 2023 Dec 31, 2023 June 30, 2024 Dec 31, 2024 June 30, 2025 Dec 31, 2025 June 30, 2026 Dec 31, 2018 Dec 31, 2019 Dec 31, 2020 June 30, 2021 Dec 31, 2021 June 30, 2022 Dec 31, 2022 June 30, 2023 Dec 3
Slide 38: 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 2026
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 2026 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 2026 38 38
Slide 39: A solid, resilient and diversified business model (1/2)
A solid, resilient and diversified business model (1/2) Vall Main indicators H1 2026 figures Change between H1 26 - H119 Satisfactory growth of the top line Restrnt si nceere (Nee) ae ohh and resilient margins NIM (%)* 4.84% +27 bps Rigorous cost control Cost income ratio(%) 36.8% -10 pts RoaA 1.74%
Slide 40: A solid, resilient and diversified business model (2/2)
A solid, resilient and diversified business model (2/2) mm Bank in Morocco HI 2026 figures LCR 146% (+46 pts over minimum) Tier 1 15.7% Buffer above Tier 1 min +670 bps Sound liquidity and capital position On a consolidated basis HI 2026 figures LCR 180% (+80 pts over minimum) Tier 1 12.0% Buffer ab
Slide 41: From Ambition 2025 to Goal 2030
From embitions 2025 to Goal 2030
Slide 42: The Ambition 2025 strategic plan was structured around three major ambitions
The embition 2025 strategic plan was structured around three major ambitions Strengthening Attijariwafa bank's position as leading African banking and financial Group with the aim of creating responsible, sustainable growth both in its regions of presence as well as in new territories; Establishment
Slide 43: Stratégie & Développement
43 Stratégie & Développement
Slide 44: Stratégie & Développement
44 Stratégie & Développement
Slide 45: • • • • • • • • • • • • • •
• • • • • • • • • • • • • • • • • • • • • 45 45
Slide 46: Goal 2030 | Strategic framework
Goal 2030 | Strategic framework Anticipate evolving customer needs, accelerate G OA L 9) @) 3 (@) digital payments and embedded finance, deepen participation in client ecosystems, and develop innovative investment solutions. Four strategic Strengthen leadership across our markets, selectively p i |
Slide 47: Goal 2030 | Translating strategy into business priorities
Goal 2030 | Translating strategy into business priorities Strengthen customer acquisition and distribution GOAL 2030 eee a en el geo data-led commercial performance. Strategic Consolidate leadership in Morocco, expand am b iti ons selectively across Africa and support clients’ transition by business
Slide 48: Goal 2030 | Core execution enablers
GOAL 2030 Execution enabled by resilience and discipline Goal 2030 | Core execution enablers Support growth through integrated risk frameworks, stronger anticipation, optimized capital and enhanced operational resilience. Modernize secure platforms and deploy data and Al to improve customer experien
Slide 49: in Action: Scaling Across the Bank
in Action Scaling Across the Bank
Slide 50: Data and AI at the heart of the Bank's sustainable commercial performance
Data and Al at the heart of the Bank's sustainable commercial performance Ambition. Make AWB the benchmark for service excellence - digitally enabled, capable of capturing transaction flows and emerging customer needs, innovating its offering, and harnessing data, Al and agility to drive sustainable
Slide 51: Launch of Simple
in action Launch of Simple
Slide 52: Launch of Simple, Attijariwafa bank's Neobank
mi Launch of Simple, Attijariwafa bank's Neobank at Simple aims to become the everyday primary or © complementary banking platform for all Moroccans An experience The primary account for A ' ' designed around newly banked customers ‘benefits em 1 mobile-first usage and the preferred h need oo and in
Slide 53: Launch of Simple, Attijariwafa bank's Neobank
@ Launch of Simple, Attijariwafa bank's Neobank Simple is built on a proven model: converting digital customer acquisition into recurring revenue through increased customer engagement and the progressive expansion of the offering. wll Fy # Value Creation @ Engagement an * * Savings Acquisition haus
Slide 54: Simple
Simple Simple Strengthen the Group’s Capture the Customers of Become the Bank of Communities Develop New Revenue Streams Digital Leadership Tomorrow • • • • •
Slide 55: Attijariwafa Ventures
in action Attijariwafa Ventures
Slide 56: Attijariwafa Ventures: a strategic lever for growth and digital transformation
Attijariwafa Ventures: a strategic lever for the Group’s growth and digital transformation WHY WE LAUNCHED IT TRENDS WE ARE CAPTURING STRATEGIC FIT WITH GROUP AMBITIONS ✓ Created in 2023 by Attijariwafa bank Group and Wafa ✓ Fintech and digital banking reinventing access to financial ✓ Reinforces th