Slide 1: 1H22 Consolidated Results
1H22 Consolidated Results Piero Luigi Montani, CEO 4th August 2022
Slide 2: Disclaimer
Disclaimer This document has been prepared by “BPER Banca” solely for No part of the information contained herein may for any purpose information purposes, and only in order to present its strategies be reproduced or published as a whole or in part, nor may such and main financial figures. informati
Slide 3: Change in the scope of consolidation and Purchase Price Allocation
Change in the scope of consolidation and Purchase Price Allocation Change in the scope of consolidation In 2Q22 the BPER Group changed the scope of consolidation following the acquisition of the controlling stake in Banca Carige’s share capital from the Interbank Deposit Protection Fund and the Volu
Slide 4: Agenda
Agenda BPER GROUP CONSOLIDATED RESULTS Executive summary Balance sheet Profit and loss Capital adequacy Final remarks ANNEXES BPER: Gruppo
Slide 5: Executive summary
Executive summary • • • • • • • • • • •
Slide 6: Banca Carige acquisition
Banca Carige acquisition • • • •
Slide 7: Agenda
Agenda BPER GROUP CONSOLIDATED RESULTS Executive summary Balance sheet Profit and loss Capital adequacy Final remarks ANNEXES BPER: Gruppo
Slide 8: Direct Deposits and Net Customer Loans
Direct Deposits and Net Customer Loans Balance sheet • • • •
Slide 9: Indirect deposits
Indirect deposits Balance sheet • •
Slide 10: Asset Quality (1/2)
Asset Quality (1/2) Balance sheet • • • •
Slide 11: Asset quality (2/2)
Asset quality (2/2) Balance sheet
Slide 12: Financial assets portfolio
Financial assets portfolio Balance sheet • • •
Slide 13: Agenda
Agenda BPER GROUP CONSOLIDATED RESULTS Executive summary Balance sheet Profit and loss Capital adequacy Final remarks ANNEXES BPER: Gruppo 13
Slide 14: Profit & Loss
Profit & Loss Profit and Loss • • • •
Slide 15: Breakdown of Gain on a Bargain Purchase (Badwill)
Breakdown of “Gain on a Bargain Purchase” (Badwill) Profit and Loss •
Slide 16: Net Interest Income
Net Interest Income Profit and Loss • • •
Slide 17: Net commission income
Net commission income Profit and Loss • • •
Slide 18: Trading income and Dividends
Trading income and Dividends Profit and Loss
Slide 19: Operating Costs
Operating Costs Profit and Loss • •
Slide 20: Loan Loss Provisions and Cost of Risk
Loan Loss Provisions and Cost of Risk Profit and Loss • •
Slide 21: Agenda
Agenda BPER GROUP CONSOLIDATED RESULTS Executive summary Balance sheet Profit and loss Capital adequacy Final remarks ANNEXES BPER: Gruppo 21
Slide 22: Capital
Capital Strong capital position confirmed Pro-forma Fully Phased CET1 (%) Pro-forma Phased in CET1 ratio of 13.3% Pro-forma Phased in CET1 ratio of ~13.8% +33 bps L ~ 13.6% “93 bps ~6obps ~13.4% — || -18 bps 12.8% — | | Mar 22 2Q net result Carige impact* OCI reserves Jun 22 Full benefit from June 2
Slide 23: Agenda
Agenda BPER GROUP CONSOLIDATED RESULTS Executive summary Balance sheet Profit and loss Capital adequacy Final remarks ANNEXES BPER: Gruppo 23
Slide 24: Final remarks
Final remarks ) SOUND OPERATING PROFITABILITY DRIVEN BY INCREASING CORE REVENUES UNDERPINNED BY HIGHER INTEREST RATES AND BUSINESS MOMENTUM ) STRONG ASSET QUALITY WITH NPE RATIO EXPECTED TO DECREASE FURTHER FOLLOWING DERISKING ACTIONS ) HIGH CAPITAL AND LIQUIDITY POSITION WELL ABOVE REGULATORY REQUI
Slide 25: Agenda
Agenda BPER GROUP CONSOLIDATED RESULTS Executive summary Balance sheet Profit and loss Capital adequacy Final remarks ANNEXES BPER: Gruppo 25
Slide 26: Volumes breakdown
Volumes breakdown Direct Deposits (€mIn) Customer Direct Deposits 96,201 93,810 106,882 411.1% Current Accounts o/w C/A and sight deposits 91,885 89,413 101,032 +10.0% Mortgage loans o/w Bonds 761 587 619 -18.7% Other o/w Other 3555 3,810 5,231 +47.2% Institutional Direct funding 5,188 5,562 7,607 +
Slide 27: 1H22 P&L
1H22 P&L Breakdown of one-offs (€mln) Annexes 1H22 Notes Net interest income Net commission income Core Income Dividends Net income from financial activities Other operating expenses/income (12.9) Other expenses Operating Income (12.9) Staff costs (24.0) Incentivised exits Other administrative expen
Slide 28: Liquidity
Liquidity Annexes High level of liquidity with LCR >200% and liquidity buffer of 35 €bn Total eligible Assets over time* (€mln) 36,263 . 1,100 35,048 32,209 3 31,087 29045 5 ; Dec 21 Mar 22 Jun 22 mTotal eligible assets mTotal unencumbered eligible assets — Deposits with ECB Eligible Assets Pool Com
Slide 29: Net Customer loans
Net Customer loans Annexes North Centre 60.1% 17.4% South 12.7% Islands 9.0%
Slide 30: Asset quality
Asset quality Asset quality breakdown (excl. debt securities) Annexes Gross exposures (€mln) Dec 21 Mar 22 Jun 22 Chg Q/Q Chg YTD comp. %| comp. %| comp. %| Abs. Chg (%) Abs. Chg (%) Non Performing Exposures (NPEs) 4,025 4.9% 4,008 4.9% 4,088 4.3% 80 +2.0% 63 +1.6% Bad loans 2,014 2.5% 2,006 2.5%| 2
Slide 31: Financial Assets: highlights
Financial Assets: highlights Annexes
Slide 32: Bond maturities and issuances: highlights
Bond maturities and issuances: highlights Annexes Total figures Total figures
Slide 33: Contacts for Investors and Financial Analysts
Contacts for Investors and Financial Analysts