Grupo Supervielle Sa Class B · BCBA:SUPV
Grupo Supervielle Sa Class B — BOFA Argentina Conference in New York 2024
51 slides from Grupo Supervielle Sa Class B's conference presentation, February 2024
Slide 1: February 2024
February 2024 IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
Slide 2: IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
´ IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina 2
Slide 3: Contents
Contents IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina 3
Slide 4: IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina 4
Slide 5: Financial services
Financial services • • Household name and the oldest private franchise in the country. • The eighth largest Argentine private bank in terms of loans • • Grupo Supervielle listed in NYSE and BYMA since 2016 • Placing the customer at the center of all we do • Advancing on the implementation of a deep
Slide 6: Driving Profitable Growth: Disciplined Strategy Execution
Driving Profitable Growth: Disciplined Strategy Execution cruro and Well-Prepared to Leverage a Macro Recovery VALUE CREATION > DIGITAL TRANSFORMATION ACCELERATED SINCE 2020 NABLE SUSTA C\Al Enhancing Driving Productivity Revenue Growth Rightsizing Headcount and Consolidation of Business Bank branch
Slide 7: Connected
Connected • • • SUPERVIELLE AGENTE DE NEGOCIACIÓN 7
Slide 8: Holding S.A. Agente de Valores
Holding S.A. Agente de Valores 8
Slide 9: 3Q23 Results
GRUPO a SUPERVIELLE 3Q23 Results SUPV Earnings conference call presentation November 28, 2023
Slide 10: 3Q-23 performance and 2023 business highlights
• 3Q-23 • • • performance • • • 2023 • • • • • Business • • • Highlights • • • • in all segments
Slide 11: Looking ahead: President-Elect Javier Milei proposes eliminating the fiscal deficit
| Looking ahead: President-Elect Javier Milei proposes eliminating the aur D fiscal deficit and reducing state interventionism No room for Advance swiftly with Address Achieve financial Deregulate gradualism major structural reforms monetary front fiscal balance capital flows —_ f 505 01 a Open the
Slide 12: • • • • • • • • • • +16.3% +9.2% -21.5% -7.9%
• • • • • • • • • • +16.3% +9.2% -21.5% -7.9% -6.1% +35.5% -5.9% 12
Slide 13: With 35% inflation in 3Q23, Assets & AR$ Deposits declined
With 35% inflation in 3Q23, Assets & AR$ Deposits declined 7% and = grupo 12% QoQ, respectively reflecting effective ALM strategy; average SUPERVIELLE balances up 3% and 4% respectively / 3Q 2023 EARNINGS \ ott seta Assets [AR$ Mill]” Fans epost i | Deposits [Mill, %] Industry ARS { -3.7% | Deposits
Slide 14: Total loan growth outperforms the industry sequentially
| Total loan growth outperforms the industry sequentially, corporate crupo | De loans increased in the quarter, accounting for a larger share of the total loan portfolio 20 2023 EARNINGS Total Lending [AR$ Mill]? 2 r -7.1% 7 » Industry 100% 5 oe Loans [QoQ] 78% _ 525,819 -3.4% QoQ es 17.552 een 433,
Slide 15: NPL sequential improvement
• NPL sequential improvement reflects: • Loan growth • the sale of delinquent retail loans, mainly open market and former consumer finance customers 15
Slide 16: 3Q23 NIM at a high 29.2%
| 3Q23 NIM ata high 29.2%, +260 bps QoQ and +720 bps YoY aur D supported by higher investment portfolio volumes 3Q 2023 EARNINGS Loan Portfolio & Investment Portfolio Yield NIM [%] 99,2% +29.8% Net Financial Margin & NIM Evolution AR$ Mill. - %] +16.7% Interest rates hikes 80,7% 58,708 65,316 76,204
Slide 17: Net Fees up 14% QoQ and 30% YoY
Net Fees up 14% QoQ and 30% YoY driven by solid performance aur D across businesses, particularly IOL and asset management 3Q 2023 EARNINGS Net Service Fee Income” [AR$ Mill.] +30.1% +11.5% +14.0% 30.1483 9,522,8 10.865,1 12.384,5 3Q22 2Q23 3Q23 Income From Insurance Activities [AR$ Mill.] -1.6% 0.3
Slide 18: Revenues and Expenses 3Q23
Revenues 1 EXPENSES 3Q23 3Q23 Q oQ +16.8% Q oQ -6.5% Yo Y +34.3% Yo Y -7.7% 9M23 9M23 +17.1% -7.2%
Slide 19: Strong capitalization with Tier 1 ratio at 16.9%
| Strong capitalization with Tier 1 ratio up 120 bps QoQ to 16.9%; grupo De Capital hedged against inflation and covered against peso devaluation 3Q 2023 EARNINGS TIER1 35% inflation shad IT Investments: KEY MESSAGE in the quarter BWA -30bps 1,3% 5,6% L | ; 9 14,2% 13,0% 15,7% Sep 22 Dec 22 Jun 23 I
Slide 20: Our perspectives: heightened macro & political uncertainty
Our perspectives: heightened macro & political uncertainty due to higher inflation and presidential elections * At higher-than-expected inflation levels, Peso Loans anticipated to grow below inflation in 2023 and 1H24. Recovery should start in 2H24 if a stabilization plan contributes to lower inflat
Slide 21: ESG Commitment & Goals
GRUPO a SUPERVIELLE ESG Commitment & Goals
Slide 22: ESG Strategy & Sustainable Growth
ESG Strategy & Sustainable Growth GRUPO a SUPERVIELLE OUR COMMITMENTS OUR FOCUS AREAS Z@ Sustainable growth—protection of the environment and pursuance of our business strategy in a socially responsible manner Z Good governance practices, diversity and inclusion are key factors Z Integration of ESG
Slide 23: Transparency and Disclosure Standards of the Sustainability Strategy
o o o o o o o o o o o o o o o o TRANSPARENCY AND DISCLOSURE STANDARDS OF THE SUSTAINABILITY STRATEGY Sustainability Report based on GC level in the BYMA Corporate Sustainability Index—for the fifth Disclosed our ESG Commitments international standards (GRI and Governance Panel--first admitted consec
Slide 24: Macroeconomic & Industry Outlook
GRUPO a SUPERVIELLE Macroeconomic & Industry Outlook 24
Slide 25: Operating in an increasingly challenging macro environment
GRUPO a Operating in an increasingly challenging macro environment OPER VIELE Decline in FX reserves further Reference rate hikes and official FX impacted by the drought in 2023 devaluation in August impacted inflation Flow from exports [US$ ] FX, Inflation, Interest rate Lok lL lt ll lh h h | ho In
Slide 26: Inflation 3Q23 4Q23
INFLATION 3Q23 4Q23 YoY YoY 26
Slide 27: Inflation 3Q23 4Q23
INFLATION 3Q23 4Q23 Jul-23 YoY YoY YoY 27
Slide 28: Annex I: 3Q23 Supplementary Financial Information & ratios
GRUPO a SUPERVIELLE Annex I: 3Q23 Supplementary TIX | financial Information & ratios
Slide 29: With 35% inflation in 3Q23, Assets declined 7% QoQ
With 35% inflation in 3Q23, Assets declined 7% QoQ, reflecting effective ALM strategy; average balance up 3% Assets Evolution [AR$ Mill.] 3.7% (+5.6% ] (10.4%) (+9.7%] (-73% J 1.341.083 TE 1.270123 (SSE 1.291.688 3Q22 4Q22 1Q23 2Q23 3Q23 Minimum Cash Reserve Requirements On Deposits [Mill, in Origin
Slide 30: Personal & Business Commercial / Retail
Personal & Business Commercial Personal & Business Retail 30
Slide 31: With 35% inflation in 3Q23, Deposits declined 12% QoQ
With 35% inflation in 3Q23, Deposits declined 12% QoQ, cruro reflecting effective ALM strategy; average balances up 4% Funding Evolution AR$ Deposits Breakdown [AR$ Mill.]1) [%] +7.1% 11.8% +10. 9.1% 1,486,380 1591,389 1,403,392 88.6 193.038 188.607 290.497 273.460 Wholesale Funding 1.019.882 tila 9
Slide 32: 3Q23 NIM at a high 29.2%
3Q23 NIM at a high 29.2%, +260 bps QoQ and +720 bps YoY supported by crupo J higher rates and higher investment portfolio volume SUPERVIELLE Net Financial Income [AR$ Mill.] +29.8% +16.3% 168,272 195,770 76,204 58,708 eee 54,250 65,316 11449 10.8558 10.775,6 13.4323 12.6817 —a 133,710,0 158.511,0 47
Slide 33: LLP net up 27% QoQ reflecting the forward-looking model update
GRUPO a | LLP net up 27% QoQ reflecting the forward-looking model update, S822viete to take into account a more challenging macroeconomic context 3Q 2023 EARNINGS Evolution of Loan Loss Provisions [AR$ Mill. - %] if of) (+24.5%] | {721.5%} | 7 ——[+26.5%) 439 3% 4,5% 53% 4,7% 3Q22 san toss ro BEE Net
Slide 34: Risk Management: Loan portfolio is atomized and diversified
Other includes more than 20 sectors with less than 1% share each AR$ Nominal 2Q23 3Q23 Change QoQ Business Sector Share Share 18,720 Families and individuals 42.3% 36.1% 15,941 Food & Beverages 79% 9.5% 18,311 Agribusiness 6.6% 9.1% 6,776 Wine 41% 4.6% 3,694 Utilities 49% 45% 2,18 Chemicals & plasti
Slide 35: • • • • • • • • +16.7% +12.8% +26.5% -11.2% +0.8% +95.4%
• • • • • • • • +16.7% +12.8% +26.5% -11.2% +0.8% +95.4% +24.6% 35
Slide 36: Continued strategy execution drove 18.5% ROAE in 3Q23
Continued strategy execution drove in 18.5% ROAE in 3Q23 gure, Me Profit Before Income Tax [AR$ Mill.] 30.190,9 18.847 1.335 8.439 9.478 15.218,1 08 930 -7.305 2.820,0 F - , 12,152)8 10,093 -7.561 8.760 10.155 1,405,6 SOGER -28.590 -38,753 -9,888,6 GE 3Q22 4Q22 1Q23 2Q23 3Q23 9M22 9M23 3Q22 4Q22 1Q2
Slide 37: Income Statement & Balance Sheet
Lal Income Statement & Balance Sheet aura. De In millions of Ps. stated in terms of the measuring unit current at the end of the reporting period 3Q23 2Q23 1Q23 4Q22 3Q22 QoQ YoY Net Interest Income 65.058,9 52.634,0 40.818,1 43.845,2 47.852,8 23,6% 36,0% NIFFI & Exchange Rate Differences 1.144,9 12
Slide 38: Key Indicators
GRUPO a . Key Indicators SUPERVIELLE 3Q23 2Q23 1Q23 4Q22 3Q22 | 9M23 9M22 ROAE 18,5% 17,6% 2,0% -3,4% -2,7% 12.9% -4.8% ROAA 2,9% 27% 0,3% -0,5% -0,4% 1.9% -0.7% eeeility NetInterest Margin 55.9% 266% 21.9% + 21,6% + 22,0% | 250% 19.7% & efficiency (NIM) Net Fee Income Ratio 34,0% 16,5% 19,4% 179% 1
Slide 39: Key Indicators
Key Indicators 3Q23 2Q23 1Q23 4Q22 3Q22 Retail Price Index (%) 34,8% 23,8% 21,7% 17,3% 22,0% Avg. Retail Price Index (%) 138,3% 115,6% 104,3% 94,8% 83,0% M UVA (var) 23,9% 25,0% 178% 19,8% 19,9% ero Pesos/US$ExchangeRate 350,01 256,68 += 20899-7713. 147,32 Badlar Interest Rate (eop) 113,9% 92,3% 724
Slide 40: Annex II: SUPV Digital Transformation Agenda & KPIs Evolution
TTX GRUPO a SUPERVIELLE Annex ||: SUPV Digital Transformation Agenda & KPls Evolution
Slide 41: Advancing on Our Six Strategic Pillars to Drive ROE
GRUPO a SUPERVIELLE Advancing on Our Six Strategic Pillars to Drive ROE 01 03 05 02 04 ok os sos fille CUSTOMER U ¢ DIGITAL QWs EXPERIENCE ADOPTION CUSTOMER EFFICIENCY ASSET (2) O ACQUISITION QUALITY 7lT \~N — 4 PEOPLE + Agile at Scale * Cultural Transformation So 0? 02 4 DIGITAL TRANSFORMATION OF I
Slide 42: Scaling Digital Retail Customer Acquisition and Further Digitizing Our Customer Base
| Scaling Digital Retail Customer Acquisition and Further Digitizing gure, Me Our Customer Base... J Y- \ SUPERVIELLE Digital Customers [% of total customers] Digital Customers [# thousands of digital customers] {x35 } | 880 _i=am an 2019 2020 2021 2022 sep 23 sep 23 1) Digital Customers are custome
Slide 43: Driving attractive cross-selling and engagement opportunities
... driving attractive cross-selling and engagement opportunities aura. De y SUPERVIELLE Asset management retail customers & AuM [customers & ar$bn] . 50% yee [ INVERSION RAPIDA - APP } > 44% 5 95.423 ais 7 ANE 64,500 ibs WA 281 ro 18% 18% es o. oO oO =a} 24,7 ° <) Dec Sep Dec Mar Jun Sep V Jun Sept
Slide 44: Entrepreneurs & SMEs Penetration
in all segments Dec-2022 9M-2023 Entrepreneurs & Insurance Policies Transactional Cross-sell SMEs Penetration Cross-Sell Penetration2) Mkt. Share Clients 44
Slide 45: Network Right-Sizing and Accelerated Efficiencies
Network Right-Sizing and Accelerated Efficiencies gure, Me > SUPERVIELLE Right-sizing branches while Headcount evolution enhancing CX [# branches] [# employees] | { -26% } 184 183 | 3.932 3.248 3.334 3.292 oe Dec Dec Dec Sept Dec Mar Jun Sept 2019 2020 2021 2022 2023 apa transactions breakdown by ch
Slide 46: Digital transformation of our business across subsidiaries
Digital transformation of our business across subsidiaries gure, Me IOL InvertirOnline: advancing on strategy to scale the business and further enhance the customer experience © invertironline Total Active Customers Assets Under Management [#] [AR$ MM] 378.034 67 204.094, 221.190 136.890 109.161 115
Slide 47: Annex III: Supplementary Industry Information
GRUPO a SUPERVIELLE Annex III Supplementary Industry Information
Slide 48: Official Fx rate Dec-2018 Dec-2018
Official Fx rate • • Dec-2018 Jan-2024 • In 2023 • Accumulated 1 3 5 2.2x 2022 levels Dec-2018/23 [Avg. Inflation Blue chip swap rate • 82%] Jan-2024 [48% Gap] expected inflation in 2024* 2 4 6 • • • 2019-2023 Avg. YoY Inflation • Dec-2018 Sep-2023 • Avg. Badlar • 2019-2023 Interest Rate Dec-2018 Se
Slide 49: Regulatory Environment in Argentina
49 Regulatory Environment in Argentina GRUPO a SUPERVIELLE The following table provides a summary of the most relevant regulations currently in place. A more detailed description of regulations is also included hereunder, grouped by topic, to facilitate understanding. Regulati Descripti Limit Moneta
Slide 50: Regulatory Environment in Argentina [cont.]
Regulatory Environment in Argentina [cont.] sure ee The following table provides a summary of the most relevant regulations currently in place. A more detailed description of regulations is also included hereunder, grouped by topic, to facilitate understanding. Regulat escription Limit On March 9, 2
Slide 51: Thank You!
Thank You! IR-GrupoSupervielle@gruposupervielle.com.ar Ciudad de Buenos Aires, Argentina
Grupo Supervielle — BOFA Argentina Conference in New York 2024 on 6ix