Slide 1: BBVA Peru Investor Report Third Quarter 2024
BBVA _ Creando 0} BBVA Peru Investor Report Third Quarter2024 November 2024 “
Slide 2: Index
BBVA Creando Oportunidades Index O1 Economic & Financial System O4 Ratings O2 About BBVA Peru EXHIBIT Debt Issuance Awards O3 Financial Highlights
Slide 3: Economic & Financial System
BBVA Creando Oportunidades QO] Economic & Financial System
Slide 4: Macroeconomic Environment
Macroeconomic Environment A rebound in the GDP is expected in 2024 due to better weather conditions, generating a favorable environment for private sector expenditure. In addition, Peru maintains low levels of debt and high international reserves. PERU’s GDP LATAM GDP (annus (estimated annual % by t
Slide 5: Peruvian Financial System
Peruvian Financial System The Financial System is composed by more than 50 entities with significant growth in Deposits, although with a reduction in Loans and lower results, as a result of the contraction of GDP in 2023 and higher delinquencies. FINANCIALSYSTEM STRUCTURE BANKING SYSTEM STRUCTURE (S
Slide 6: Peruvian Banking System
Peruvian Banking System The Performing Loans and Deposits have gown over the GDP, at a CAGR 2024-2029 of 3.7% and 7.4% respectively. Meanwhile, the Net Incomeremain stable, due to higher delinquencies. PERFORMING LOANS In billion PEN CARG System 3.7% I ¥ 273 1 I I 1 Dec-19 Dec-22 Sep-23 Dec-23 Sep-2
Slide 7: About BBVA Peru
Creando Oportunidades Q2 About BBVA Peru
Slide 8: Leading Franchises
LEADING FRANCHISES Ranking y Market Share (%) Mining Fishing Insurance Industrial Healthcare Cement
Slide 9: Strategic Guidelines
Strategic Guidelines BBVA Peru share The Group Global Strategy OUR PURPOSE “Make the opportunities of this era available to everyone” WE FOLLOW THE GROUP’S STRATEGIC PRIORITIES OUR VALUES Improve the financial health Helping our clients transition C) of our clients to a sustainable future 2 Customer
Slide 10: Sustainability Strategy
Sustainability Strategy We continue to make significant progress in financing sustainable projects. SUSTAINABLE FINANCING EVOLUTION SUSTAINABLE FINANCING (BILLIONPEN) (MILLION PEN) Annual Target Es 1,006 == Sustainable Financing S/ 6,035 MM (EoP) S/ 3,861 S/ 2,486 MM MM 3.1 2.5 1.8 = Retail mEnterpr
Slide 11: Digital Strategy
Digital Strategy BBVA Peru is constantly capturing value through various products CONSUMER EVOLUTION Digital 59 % 80 88 90 «688 Sales Toa 6.6 on sv ts a _ Credit Cards Consumer Accounts FX © Loans vette 2) 38% 60% 38% 75% Dec-19 Dec-22 Set-23 Dec-23 Set-24 - BBVA’s mobile app maintained its position
Slide 12: Banking Platform
Banking Platform Meanwhile, our Banking platform continues to evolve and strengthen to improve our customers experience DISTRIBUTION NETWORK TOTAL TRANSACTIONS PER CHANNEL Oneofthelargestin thecountry a With9,804points ofservice 1p 1% a Morethan8.8millions of customers oon = = Express Agents fy Expr
Slide 13: Financial Highlights
Creando Oportunidades QS Financial Highlights
Slide 14: Key Messages of 2024
Key Messages of 2024 CHALLENGING ENVIRONMENT FOR PROFITABILITY, STILL HIGHER THAN THE BANKING SYSTEM 1,305, -11.6% 13 a2] BEST IN CLASS EXPENSE MANAGEMENT EFFICIENCY RATIOj.) 376 * ° 39 to September-24 MODERATE DETERIORATION OF CREDIT COST OF RISK(%) NPL(%) COVERAGE RATIO (%) UALITY ° 3.4 4.2 139 ¥
Slide 15: Outpacing the System's growth, with significant gain in Market share
Outpacing the System’s growth, with significant gain in Market share Performing Loans sitions) 55.8 724 = Ho 8.1 ‘System YoY Growth: -1.496 Dec-19 Dec-22 Sep-23 153 bps Market Share i) Retail 171 bps 20.7 oa 20.1 [J ] Sep-23 Source: ASBANC Sep-24 22.2 22.5 Mota Market Share WRetal Wholesale Sep-24 L
Slide 16: Market Share (%)
Market Share(%) Consumer Loans + Credit Cards Seen cee 25 25 25 25 23 23 22 22 2 7 1718 HT 7951414 TT BBVA Bank 1 Bank 3 Bank 4 Mortgages 4.33 33 33 27 94.24 25 Hl il itll itll BBVA Bank 1 Bank 3 Bank 4 Aligned with our Retail strategy, we keep growing our YoY Market share in Consumer + Cards and Mo
Slide 17: We maintain a strategically diversified loan portfolio
We maintain a strategically diversified loan portfolio Performing Loans) 0.2% 0.2% — 03% 0.2% 20.2% . _ 1.0% H4.0% ieee Bas% Daoy B44% B 5.1% 23.0% [| 20.5% | 1-1 * Hh 211% fh 21.3% ffl 21.9% 19.3% B 28% [cin % Bas% Ml 3.1% ss 175% iho 18.2% fy 175% ff 18.2% fe 171% 15.7% 18.0% 18.0% 17.2% 170% | 28
Slide 18: Gaining Market share due to business Demand + Saving and Term Retail deposits
Gaining Market share due to business Demand + Saving and Term Retail deposits Deposits (s/Bitions) Deposits by segment s/ sitions, %) CARG: 66% 75.0 + 28 YoY 697 1.2 a3 System YoY Growth: +8.4% ans = 13 - 13.0 17% 55.4 i oy | ma : 1% Dec-19 Dec-22 Sep-23 Dec-23 Sep-24 I 247 12% 24.4 eS oe Market Sha
Slide 19: Market Share
Market Share Retail Deposits, (%) Business Deposits, (%) i Demand + Saving es 7” 47 34 37 38 37 22 19 19 19 23 23 23 22 13 111110 14 15 15.15 18 147314 13 13 12 12 Hl non Hil Hl nol nl BBVA Bank 1 Bank 3 Bank 4 BBVA Bank 1 Bank 3 Bank 4 Term Term i 7 21 2123 19 | 18 19 18 19 20 1g 18 19 HTL ee iil |
Slide 20: Liabilities and Capital Structure
Liabili ies and Capital Structure Domestic Currency Foreign Currency 9 say, m3% 5% | 6% Jex | 7% | 6% 18% | 17% | 18% | 17% ° 20% | 8% ti 21% 14% 13% 19% ox [fv% B 5% flcx | 8% I i@ 27% 2% ~ io B 5% 33% [20% B 7% J[s% 26% ” Th 33% 29m a 23% [ 20% 21% 0 60% 51% 949% F, 43% 41% 42% fas% 43% 50% 46% 39
Slide 21: High degree of self-financing and balance sheet solarization
High degree of self-financing and balance sheet solarization LOAN TO DEPOSIT RATIO. 130% 128% 9) 122% > 119% % 5% 3 fic 1159 119% z x & See 103% 102% 100% 104% 4 101% 103% 102% 100% 36% = 1% 100% 26% 3 SS 100% 99% 101% 99% > 18% a7 & 98% 93% 92% ye O 66% 72% 5 68% wh 85% cal G a Dec-19, Dec-22 Sep-2
Slide 22: Income Statement Sep-23 Sep-24 Var. %
Income Statement Sep -23 Sep -24 Var. % Financial Income 5,565 6,049 8.7 Financial Expenses -1,622 -1,733 6.9 Gross Financial Margin 3,943 4,316 9.5 Provision for Direct Loans -1,261 -1,898 50.5 Net Financial Margin 2,682 2,418 -9.8 Net Income from Financial Services 745 794 6.7 Gain/Loss from Finan
Slide 23: Profitability Management
Profitability Management Net Interest Margin Evolution’, (%) Customer Spread, (%) YoY YoY 792 874 8.91 913 39bps 104 bps 7.79 13 pbs 6.78 51 bps 6.98 6.48 6.47 6.55 5.82 -211 bps 2.27 2.35 2.15 -12 bps 1.31 0.97 3.30 Dec-19 Dec-22 Sep-23 Dec-23 Sep-24 Dec-19 Dec-22 Sep-23 Dec-23 Sep-24 —NIM =—NIMPEN
Slide 24: Risk Management of BBVA Peru vs Peer Group
Risk Management of BBVA Peru vs Peer Group NPL Ratio and Coverage Ratio, (%) Cost of Risk’, (%) i Coverage Ratio HENPLRatio ‘™ Bark 1 Mm oBvA Bak 3 Bank 4 YoY 171 ° 74) een 146 29 4.2 ps 139 142 System 4.36 125 bps 4.13 3.06 49 bps 65 bps Bank1 BBVA Bank3 Bank 4 1.0 NPL ratio including write-offs. 6
Slide 25: Expenses Management
Expenses Management ADMINISTRATIVE EXPENSES Bllion PEN| YoY, sep24 vs sep23) 10.6% 4 4,384 3,964 8.0% 0.1% 3.7% 2,152 1 + 1993 1,464 | l 1,220 "219 1,412 1 Bark 1 Mm oBvA Bank 3 NUMBER OF EMPLOYEES (Woy, sep24 vs sep23) Market Share 11.8% BBVA 7.4% 25,070 23,340 4 3% 17% 2.2% | | goss 6,030 5,599 1
Slide 26: Profitability Indicators
Profitability Indicators Returnon Equity, (%) Returnon Assets, (%) YoY 218 YoY 21.8 21.5 . - “44 20.4 18.2 bps -298 bps -31 bps -479 bps -47 bps -64 bps -458 bps Dec-19 Dec-22 Sep-23 Dec-23 Sep-24 Dec-19 Dec-22 Sep-23 Dec-23 Sep-24 MBak1 MPBBVA © Bank 3 Bank 4 Source: SBS
Slide 27: Capital Management
Capital Management Global Capital ratio as of Sep-24 above regulatory requirements: CET1 (Phase - in) 12.47% * CET1 minimum requirement according to SBS 07850 — 2023:10% * Total capital regulatory requirement (phase-in): 11.80% Regulatory requirementand available capital: (Phase-in vs Fully-loaded)
Slide 28: Takeaways 2024
oe TAKEAWAYS 2024 © Significant progress in our strategy, focused on digitization, innovation, and sustainability © Outstanding growth of our Core Financial Income on the back of activity growth BBVA ° We maintain solvency levels above local requirements © Focused on value creation for our different
Slide 29: Ratings
Creando Oportunidades O4 Ratings
Slide 30: International and Local Ratings - BBVA Peru
International and Local Ratings— BBVA Peru We have the best ratings (November 2024) International Rating S&P e BBB- USD Long-Term Emissions e A-3 Short TermEmissions e BBB- Long-Term Emissions e A-3 PEN Short Term Emissions @ Stable Perspective Moody's International © Baal Long-Term Deposits © Prime
Slide 31: Exhibit
BBVA Creando Oportunidades Exhibit
Slide 32: Debt Issuance
Debt Issuance Issue Amount Bonds Date Due Date Currency Issued (000) Coupon ISIN Deel Subordinated Mar-24 Mar-34 USD 300,000 6.25% USO58950AA48/USP07760AH74 Corporate Dec-11 Dec-26 PEN 150,000 7TAT% PEP11600M186, Corporate Dec-19 Dec-24 PEN 96,550 444% PEP11600M335 BBVA Subordinated Jun-07 Jun-32 PE