Banco Bilbao Vizcaya Argentaria, S.a. · BME:BBVA

Banco Bilbao Vizcaya Argentaria — Debt Investor Presentation (May 2024)

20 slides from Banco Bilbao Vizcaya Argentaria's debt investor presentation, May 2024

  1. Slide 1: 1Q24 Covered Bond Presentation

    1Q24 Covered Bond Presentation

  2. Slide 2: Disclaimer

    1Q24 Covered Bond Presentation 2 Disclaimer This document is only provided for information purposes and is not intended to provide financial advice and, therefore, does not constitute, nor should it be interpreted as, an offer to sell, exchange or acquire, or an invitation for offers to acquire secur

  3. Slide 3: Index

    Índex 01 Regulatory changes to the legal 04 Export Financed Covered Bond regime for Covered Bonds 02 Mortgage Covered Bonds 05 Outstanding Covered Bonds 03 Public Sector Covered Bond

  4. Slide 4: Regulatory changes to the legal regime for Covered Bonds

    01 Regulatory changes to the legal regime for Covered Bonds

  5. Slide 5: General considerations of Royal Decree-Law 24/2021

    1Q24 Covered Bond Presentation 5 General considerations of Royal Decree - Law 24/2021 ● Although Spain has a legal framework for covered bonds (mortgage, Public Sector and Export Finance covered bonds) where mortgage covered bonds are regulated by Law 2/1981, of 25 March, public sector by Law 44/200

  6. Slide 6: A very strong regulatory framework that offers greater protection to investors

    1Q24 Covered Bond Presentation 6 A very strong regulatory framework that offers greater protection to investors The "Royal Decree-Law 24/2021") 1 ASSET SELECTION FOR THE COVER POOL Each states the following: covered bond programme has a cover pool made up of specific assets that act as collateral whi

  7. Slide 7: Mortgage Covered Bonds

    Creating Opportunities Mortgage Covered Bonds

  8. Slide 8: Covered bonds fully backed by the cover pool with a strong issuance capacity of 21.42Bn

    1Q24 Covered Bond Presentation 8 Covered bonds fully backed by the cover pool with a strong issuance capacity of 21.42Bn COVER POOL AND COVERED BOND BALANCE ASSET AND LIABILITY MATURITY PROFILE MAR - 24 (€Bn) MAR - 24 (€Mn) €43Bn Liquid Asset 1 €0.4Bn €6Bn Commercial COVER POOL Residential €19.9Bn R

  9. Slide 9: A high quality and well-diversified cover pool with a high credit rating (Aa1 / AAA)

    1Q24 Covered Bond Presentation 9 A high quality and well-diversified cover pool with a high credit ratings (Aa1 / AAA by Moody's & DBRS) Currency > 99% granted in EUR Asset distribution by Indexed LTV (€Mn) Nº of Loans 610.141 Commercial Covered Bond Rating (Moody’s /DBRS) Aa1 / AAA Residential Resid

  10. Slide 10: Public Sector Covered Bond

    03 Public Sector Covered Bond

  11. Slide 11: Meaningful overcollateralization levels providing strong issuance capacity of 6.5Bn

    1Q24 Covered Bond Presentation 11 Meaningful overcollateralization levels providing strong issuance capacity of 6.5Bn COVER POOL AND COVERED BOND BALANCE ASSET AND LIABILITY MATURITY PROFILE MAR- 24 (€Bn) MAR - 24 (€Mn) €13.3Bn1 €6.0Bn COVER POOL Retained Covered Bond €6.0Bn 0<1 1-2 2-3 3-4 4-5 >10

  12. Slide 12: A high quality and well-diversified cover pool with a high credit rating (Aa1 by Moody's)

    1Q24 Covered Bond Presentation 12 A high quality and well-diversified cover pool with a high credit rating (Aa1 by Moody's) Breakdown by type of debtor Currency 100% granted in EUR (€ Mn) Nº of Loans 3.534 Covered Bond Rating (Moody’s) Aa1 Average Loan Size 3.764.361 Floating/ Fixed 38% / 62% WA Seas

  13. Slide 13: Export Financed Covered Bond

    04 Export Financed Covered Bond

  14. Slide 14: Cover pool composed of export finance loans guaranteed by export credit agencies

    1Q24 Covered Bond Presentation 14 Cover pool composed of export finance loans guaranteed by export credit agencies backed by the states they represent COVER POOL AND COVERED BOND BALANCE ASSET AND LIABILITY MATURITY PROFILE MAR - 24 (€Bn) MAR- 24 (€Mn) €3.7Bn €1.5Bn COVER POOL Retained Covered Bond 0

  15. Slide 15: Cover pool qualified with a high credit rating (Aa1 by Moody's)

    1Q24 Covered Bond Presentation 15 Cover pool qualified with a high credit ratings (Aa1 by Moody's) Breakdown by ECA Guarantee Currency 76% USD / 19% EUR / 5% others (%) Nº of Loans 241 29% 28% Covered Bond Rating (Moody’s) Aa1 21% Average Loan Size 15.386.433 15% Floating/ Fixed 74% / 26% 7% WA Seaso

  16. Slide 16: Outstanding Covered Bonds

    05 Outstanding Covered Bonds

  17. Slide 17: Mortgage Covered Bonds (1/2)

    1Q24 Covered Bond Presentation 17 Mortgage Covered Bonds (1/2) ISIN Public/Retained Amount (€Mn) Issue Date Maturity Date Coupon ES0413211816 Public 1.000 12/06/2014 12/06/2024 2,25 % ES0413211071 Public 2.000 25/02/2005 25/02/2025 4% ES0317046003 Public 200 23/05/2005 21/05/2025 3,875% ES0317046003

  18. Slide 18: Mortgage Covered Bonds (2/2)

    1Q24 Covered Bond Presentation 18 Mortgage Covered Bonds (2/2) ISIN Public/Retained Amount Issue Date Maturity Date Coupon (€Mn) ES0371622020 Public 500 10/04/2006 08/04/2031 4,25% ES0371622020 Public 150 04/07/2007 10/04/2031 4,25% ES0413211147 Public 200 14/07/2006 02/02/2037 4,6% ES0413211840 Ret

  19. Slide 19: Public Sector & Export Finance Covered Bonds

    1Q24 Covered Bond Presentation 19 Public Sector & Export Finance Covered Bonds PUBLIC SECTOR COVERED BONDS ISIN Public/Retained Amount (€Mn) Issue Date Maturity Date Coupon ES0413211980 Retained 500 14/10/2019 14/10/2024 3m+10 pbs ES0413211998 Retained 1.500 12/06/2020 12/06/2025 3m+22 pbs ES0413211

  20. Slide 20: BBVA

    BBVA

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