Banco Itau Chile · BCS:ITAUCL
Banco Itau Chile — Itaú Chile — Q1 2025 Earnings Presentation
23 slides from Banco Itau Chile's earnings presentation, May 8, 2025
Slide 1: 1Q 2025 Results Conference Call
ItaúChile 1Q 2025 Results Conference Call May 8, 2025 ITAUCL ir.itau.cl /Itaú Chile /itauchile @itauchile
Slide 2: 1Q25 Key Highlights
ItaúChile 1Q25 Results | Conference Call 1Q25 | Key Highlights Excellence in service and culture #1 in NPS in the Corporate Segment for the 2nd consecutive year, (Servitest by IPSOS) and Top 2 in Great Place to Work. Sound and proactive risk management Internal models aligned with the new regulatory
Slide 3: Chile Macroeconomic Outlook
ItaúChile 1Q25 Results | Conference Call Chile | Macroeconomic Outlook GDP growth Inflation and Monetary Policy Rate Annual growth, % Annual variation, % & eop % Inflation Policy Rate 12 12 8 4 2.2 1.8 8 0 4.0 4 2.9 -4 -8 0 15 16 17 18 19 20 21 22 23 24 25 26 15 16 17 18 19 20 21 22 23 24 25 26 Unem
Slide 4: Chile: Economic backdrop in the quarter
ItaúChile 1Q25 Results | Conference Call 1Q25 | Chile: Economic backdrop in the quarter UF1 – ∆ value Banking Industry Loans 2 Quarterly (%) (12-month growth) 1.3% 1.3% 1.2% 0.8% 0.9% 1Q'24 2Q'24 3Q'24 4Q'24 1Q'25 2.7% Average Monetary Policy Interest Rate (MPR) Quarterly (%) mar-22 jun-22 sep-22 de
Slide 5: Colombia Macroeconomic Outlook
ItaúChile 1Q25 Results | Conference Call Colombia | Macroeconomic Outlook GDP growth Inflation and Monetary Policy Rate Annual growth, % Annual variation, % & eop % Inflation Policy Rate 12 15 7 2.0 2.3 10 8.25 2 7.50 4.5 -3 5 3.3 -8 0 15 16 17 18 19 20 21 22 23 24 25 26 15 16 17 18 19 20 21 22 23 2
Slide 6: Colombia: Economic backdrop in the quarter
ItaúChile 1Q25 Results | Conference Call 1Q25 | Colombia: Economic backdrop in the quarter Monetary Policy Interest Rate (MPR) – Average Exchange Rate Quarterly change (%) COP$ / US$ 4,404 12.7% 4,177 4,204 11.9% 4,154 10.9% 3,853 9.8% 9.5% Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 Mar-24 Jun-24 Sep-24 Dec
Slide 7: Loan Portfolio
ItaúChile 1Q25 Results | Conference Call 1Q25 | Loan Portfolio Loans growth in the industry continued slow… Consumer Loans: Better portfolio and Lower Cost of Risk Loans Growth … consumer share in our mix of loans increased by 2.6p.p. year over year, with a healthier 12-month growth (%) -1.9% vs. 4Q
Slide 8: Deposits and Assets under Management
ItaúChile 1Q25 Results | Conference Call 1Q25 | Deposits and Assets under Management AuM and Demand deposits Continuous higher than the industry growth, as a result of our strategy to deepen the relationship with our clients Volume Growth 12-month % AuM Evolution Top 1 in AuM growth (12-month volume
Slide 9: Highlights
ItaúChile 1Q25 Results | Conference Call 1Q25 | Highlights We once again showcase a sustained positive trend in our margin with …and a sustained higher level of income from commissions and fees year clients, with an improved cost of credit… over year… Net Financial Margin with Clients Total Commissi
Slide 10: Highlights: ratings, NPS and sustainability
ItaúChile 1Q25 Results | Conference Call 1Q25 | Highlights Upgrade in Local Credit AAA Risk Rating Sustainability in results, Positive solidity in capital, and outlook discipline in execution 1st loan in Chile linked #1 TOP 1 Corporations Continued leadership in client satisfaction, now to specific
Slide 11: Summary of main performance indicators
ItaúChile 1Q25 Results | Conference Call 1Q25 | Summary of main performance indicators 1Q’25 vs. 1Q’24 In Ch$ billion Recurring Recurring Net Income 108.9 103.8 Return on 12.4% 14.8% Tangible ▲ 5.5 % ▼ -2.4% Equity (RoTE) ▼ -0.1 p.p. ▼ -2.0 p.p. Financial Cost of Margin with 333.1 259.7 Credit 75.2
Slide 12: Financial margin with Clients
ItaúChile 1Q25 Results | Conference Call 1Q25 | Financial margin with Clients Financial margin with Clients In Ch$ billion 1.6% - 1.4% • Decrease of 1.4% due to • Lower dynamism in loans growth 263.4 1Q25 vs. 4Q24 • Lower number of accrual days 261.3 259.2 259.7 • Lower capital remuneration (lower M
Slide 13: Financial margin with the Market
ItaúChile 1Q25 Results | Conference Call 1Q25 | Financial margin with the Market Quarterly evolution In Ch$ billion 1Q25 vs. 4Q24 23.2 22.5 • Higher results from rates and FX trading 21.2 • Lower financing costs through term deposits 17.6 • Positive results from fixed income management Low sensitivi
Slide 14: Commissions and fees
ItaúChile 1Q25 Results | Conference Call 1Q25 | Commissions and fees Increasing the share of income from key services In Ch$ billion 1Q25 4Q24 1Q24 associated to our principality Insurance Brokerage 8.4 8.4 0.1% 8.1 4.6% Financial Advisory In Ch$ billion Credit Operations and Guarantees Provided
Slide 15: Cost of Credit
ItaúChile 1Q25 Results | Conference Call 1Q25 | Cost of Credit Decreasing Cost of Credit, lower consumer NPLs quarter on quarter, and lower provisions to loans ratio. 180% 5,0% Cost of credit Non Performing Loans 170% Coverage Ratio 4,5% In Ch$ billion % 3.3% 3.4% % 3.2% 1.4% 1.4% 1.4% 2.9% 160% 153
Slide 16: Non-interest expenses
ItaúChile 1Q25 Results | Conference Call 1Q25 | Non-interest expenses In Ch$ billion 1Q25 4Q24 1Q24 1Q25 vs. 4Q24 Reduction in all lines of operational expenses Personnel 62.9 65.2 -3.5% 59.1 6.6% 1Q25 vs. 1Q24 Administrative 59.4 63.9 -7.1% 51.4 15.5% Increase of 9.9% in operational expenses du
Slide 17: Colombia
ItaúChile 1Q25 Results | Conference Call 1Q25 | Colombia … with an increase in Cost of Credit despite with lower Stable margin with clients… NPLs in the consumer and in the mortgage segments … Financial Margin with Clients and MPR Cost of credit and Loan Portfolio1 % In Ch$ million and % 12.7% 11.9%
Slide 18: Colombia: Robust Capital and Liquidity ratios
ItaúChile 1Q25 Results | Conference Call 1Q25 | Colombia Robust Capital and Liquidity ratios LCR – NSFR 1 Liquidity Coverage Ratio Net Stable Funding 365% 123% 257% 119% 113% 114% 113% 114% 180% 200% 172% 168% Itaú Colombia reached the top 1 in solvency levels among peers. Our mar-24 Itaú Peer Group
Slide 19: Capital
ItaúChile 1Q25 Results | Conference Call 1Q25 | Capital Transition CET1 capital ratio Information on peers and Itaú Chile as of mar′25 +28 bp +40 bp +40 bp Δ CET1 -13 bp Itaú Chile reached the top 2 (QoQ) Peers +30 bp -35 bp position in solvency levels among +10 bp -30 bp -30 bp -23 bp peers, with t
Slide 20: Stock Performance
ItaúChile 1Q25 Results | Conference Call 1Q25 | Stock Performance Dividend-adjusted performance | ITAUCL vs. Peers Ch$ 13,589 Growth % 28 April 2025 Since Jan’24 52.1% Price to Book Value1 (28.03.2025) 51.1% Room for Itaú Chile 0.7x 2.3x 41.9% profitability Banco de Chile Banco Santander Chile 2.3x
Slide 21: Guidance 2025
ItaúChile 1Q25 Results | Conference Call Guidance 2025 Expected Guidance 2025 1Q’25 FY’25 revised Loan Growth Mid single digit Below guidance unchanged Financial Margin with Clients Stable as interest rates decline Above Guidance unchanged Average rate Commissions Between 5.0% – 10% On track unchang
Slide 22: Disclaimers
ItaúChile 1Q25 Results | Conference Call Disclaimers • This presentation is not an offer for sale of securities. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities and should not be treated as givin
Slide 23: ir.itau.cl /Itaú Chile /itauchile
ITAUCL ir.itau.cl /Itaú Chile /itauchile @itauchile