Q1 2026
BAWAG GROUPRESULTS
April 21, 2026
Q1 2026 HIGHLIGHTS & STRATEGY
HIGHLIGHTS Q1 2026BALANCE SHEET & CAPITAL
+1% customer loan growth vPQ +1% customer funding vPQ €13.6 billion cash (19% of balance sheet)CAPITAL & ASSET QUALITY
15.4% pro-forma CET1 ratio €650 million excess capital including participation sale 0.8% NPL ratioSTRATEGIC UPDATE & TARGETS
PTSB AS STRATEGIC OPPORTUNITY
− BAWAG agreed recommended all cash offer for PTSB
− PTSB with €30 billion assets … ~1.3m customers
− Subject to shareholder and regulatory approvals … potential closing expected in Q4 '26 / Q1 '27
RECONFIRM 2026 TARGET
− Net profit >€960m … RoTCE > 20% … CIR <33%
− Mid-term targets will be updated at year-end, subject to
shareholder and regulatory approvals, of PTSB acquisition
FINANCIAL PERFORMANCE
€232 million Net profit / +16% vPY €579 million Core revenues/ +8% vPY €391 million Pre-provision profit/ +16% vPYRATIOS
27.6% RoTCE 32.5% CIR 46 basis points Risk cost ratioGROWING OUR FRANCHISE
Opportunity to acquire third largest bank in Ireland
ASSET STRUCTURE
3RD LARGEST BANK IN IRELAND
4%
23%
€30.5 billion
− Retail-focused bank serving ~ 1.3 million customers
Customer loans
Treasury Assets Other assets
− €22.2 billion customer loans, of which 90%+ residential mortgages
− €25.6 billion customer deposits, of which 90%+ retail deposits
73%
GROWING OUR PRESENCE
− Accelerating growth in Ireland after successful launch of our mortgage and deposit franchise, MoCo, in 2023
LIABILITY STRUCTURE
− Distribution channels combining digital capabilities with a modern national branch network
− Strong local expertise, supported by the scale and operating capabilities of a larger group
9%
7%
OUR STRATEGIC PRIORITIES
Customer deposits
− Franchise enhancing acquisition … prioritizing long-term value over short-term gains
Wholesale funding and
other liabilities
Equity
€30.5 billion
− Supporting PTSB's aim of building a best-in-class Retail & SME franchise in Ireland
− Aim to fully self-fund the acquisition … underwritten in-line with Group return requirements
84%
Data as of year-end 2025
BAWAG AND PTSB COMBINATION
STRATEGIC SCALE AND LONG-TERM VALUE CREATION
PRO-FORMA BALANCE SHEET COMPOSITION
DEAL RATIONALE
BAWAG1 | PTSB1 | Combined | Delta | |
Assets | €72b | €30b | €102b | +40% |
Customer loans | €51b | €22b | €73b | ~40% |
Mortgages | €27b | €21b | €47b | ~80% |
Customer deposits | €46b | €26b | €72b | ~55% |
1 STRATEGIC FIT 2
Fully aligned with our long-term vision
>90% business in Euro countries
~85% secured & public sector lending
DAY-1 FINANCIAL ACCRETION
3
P&L accretive from Day 1
>€250m Net profit
contribution by 2028
RoTCE >20% through-the-cycle on Group level
DISCIPLINED CAPITAL ALLOCATION
Full reinvestment of badwill into the business
Expected >20% EPS accretion
by 2028
> 2x more accretive than buyback
BAWAG1 PTSB1
UPSIDE POTENTIAL
FOCUS AREAS
% retail & SME fee income 18% 9%
OPEX excluding staff cost /
customer loans
Enhancing product portfolio:
0.7% 1.2%
Optimizing funding structures
Investing in Technology & Operations (TechOps)
LEVERAGING BEST PRACTICES AND SCALE OF THE GROUP
- +1.3m customers to cross-sell
Speciality finance (Factoring, leasing and credit cards)
Brokerage / Advisory
Corporate, commercial real estate and public sector lending
Strengthening digital capabilities
Leverage product factories
New segments
Expand distribution channels … partnerships and platforms
April 21, 2026
1) Data based on 2025 data, source PTSB 2025 annual report, BAWAG annual report
5
CAPITAL DEVELOPMENT
2026 CAPITAL REQUIREMENTS
− Target CET1 ratio of 12.5% is 229bps above 2026 MDA trigger
of 10.21% … P2R at 2.35% and P2G at 0.50%
EXCESS CAPITAL
− Pro-forma CET1 ratio 15.4% with excess capital of €650m
above 12.5% CET1 target
− Non-distribution commitment for first half-year profit
− €75m share buyback program (company stock program) completed in Q1'26
PARTICIPATION SALE
− Intangible/RWA impact from sale of minority investment … closing expected in Q2'26
HIGH CAPITAL-GENERATING BUSINESS
− Gross capital generation of 103 bps through earnings
− RWA growth offset by corporate SRT executed in Q1 '26
DEVELOPMENTS
>100 basis points gross capital generation in Q1'26
DEAL FUNDING & ASSUMPTIONS
Target to fully self-fund transaction (~450bps of CET 1 required)
210bps
1o Dividend policy change for 2026 (~200bps in 1H 2026)
− Non-distribution commitment for first half-year profit
− Maximum potential dividend for financial-year 2026 is limited to second-half year profit (~€500m)
2o Different set of RWA Measures (~50bps in 1H 2026)
− Credit protection (e.g. SRT, insurance, etc.)
− All measures fully reflected in our financial targets
ALTERNATIVE OPTIONS
− Further dividend adjustments
− Capital raise
+250bps
PLANNED MEASURES
EXCESS CAPITAL AS OF YEAR-END 2025
Capital required to fund transaction CET 1 Management target >12.5%
+250
14.6%
15.4%
>17.0%
bps
>12.5%
~4.5%
FY '25
(pro-forma)
Q1 '26
(pro-forma)
Q2 '26
Maintain minimum CET1 ratio target of 12.5%
Excess capital distribution > 13% CET1 ratio for '26 & '27
(forecast)
CET 1 | €3.3b | €3.5b | ~€3.7b |
RWA | €22.5b | €22.6b | <€22b |
CET 1 % | 14.6% | 15.4% | ~17.0% |
Excess Capital >12.5% | €468m | €650m | ~€1.0b |
Q1 2026 DETAILED FINANCIALS
FINANCIAL PERFORMANCE & BALANCE SHEET OVERVIEWFINANCIAL PERFORMANCE
BALANCE SHEET
P&L | € millions | Q1 '26 | Q1 '25 | vPY | Q4 '25 | vPQ |
Net interest income | 480.2 | 445.8 | 8% | 473.1 | 2% |
Net commission income | 98.7 | 89.0 | 11% | 97.3 | 1% |
Core revenues | 578.9 | 534.8 | 8% | 570.4 | 1% |
Other revenues | 0.1 | (1.0) | -% | 5.1 | (98%) |
Operating income | 579.0 | 533.8 | 8% | 575.5 | 1% |
Operating expenses | (187.9) | (197.6) | (5%) | (194.3) | (3%) |
Pre-provision profit | 391.1 | 336.2 | 16% | 381.2 | 3% |
Regulatory charges | (13.7) | (9.6) | 43% | (9.2) | 49% |
Risk costs | (65.2) | (59.2) | 10% | (63.9) | 2% |
Net result of at-equity inv. | 1.1 | 0.6 | 83% | 3.6 | (69)% |
Profit before tax | 313.3 | 268.0 | 17% | 311.7 | 1% |
Income taxes | (81.5) | (67.0) | 22% | (79.5) | 3% |
Net profit | 232.3 | 201.0 | 16% | 230.2 | 1% |
Ratios | |||||
RoTCE | 27.6% | 26.6% | 1.0pts | 28.3% | (0.7)pts |
Net interest margin | 3.45% | 3.31% | 0.14pts | 3.32% | 0.13pts |
CIR | 32.5% | 37.0% | (4.5)pts | 33.8% | (1.3)pts |
Risk cost ratio | 0.46% | 0.43% | 0.03pts | 0.45% | 0.01pts |
Earnings per share (€) | 3.00 | 2.54 | 18% | 2.91 | 3% |
Tangible book value (€) | 44.38 | 38.01 | 17% | 43.17 | 3% |
Balance sheet | € millions | Q1 '26 | Q1 '25 | vPY | Q4 '25 | vPQ |
Total assets | 71,675 | 73,053 | (2%) | 72,297 | (1%) |
thereof Ø interest-bearing assets | 56,482 | 54,668 | 3% | 56,589 | -% |
Customer loans | 51,017 | 49,395 | 3% | 50,749 | 1% |
Securities and bonds | 4,548 | 5,925 | (23%) | 5,044 | (10%) |
Credit institutions and cash | 14,308 | 15,511 | (8%) | 14,545 | (2%) |
Other assets | 1,802 | 2,222 | (19%) | 1,959 | (8%) |
Total liabilities & equity | 71,675 | 73,053 | (2%) | 72,297 | (1%) |
thereof Ø customer funding | 62,965 | 63,019 | -% | 62,253 | 1% |
thereof Ø customer deposits | 47.625 | 47,932 | (1)% | 47.697 | -% |
Customer deposits | 45,720 | 47,305 | (3%) | 47,367 | (3%) |
Own issues + AT1 | 18,906 | 18,369 | 3% | 18,024 | 5% |
Credit institutions and other liabilities | 2,603 | 3,146 | (17%) | 2,557 | 2% |
Common Equity incl. dividends | 4,446 | 4,233 | 5% | 4,349 | 2% |
Capital & RWA | € millions | Q1 '26 | Q1 '25 | vPY | Q4 '25 | vPQ |
Tangible common equity | 3,417 | 2,985 | 14% | 3,323 | 3% |
CET1 capital | 3,401 | 3,033 | 12% | 3,205 | 6% |
Risk-weighted assets | 22,717 | 23,217 | (2%) | 22,594 | 1% |
CET1 ratio (post dividend 2025) | 15.0% | 13.1% | 1.9pts | 14.2% | 0.8pts |
Leverage ratio | 5.2% | 4.9% | 0.3pts | 4.9% | 0.3pts |
Liquidity coverage ratio | 176% | 213% | (37)pts | 204% | (28)pts |
NET INTEREST INCOME
NET FEE & COMMISSION INCOME
3.45%
3.31%
3.28%
3.25%
3.32%
446
458
460
473
480
99
97
94
90
89
Q1 '25 Q2 '25 Q3 '25 Q4 '25 Q1 '26 Q1 '25 Q2 '25 Q3 '25 Q4 '25 Q1 '26
− 1% customer loan growth in Q1 '26 … growing consumer and overall flat mortgage business
− Average 3-month Euribor flat vPQ and deposit beta at ~35% in Q1 '26 (down (2)pts vPQ)
− NII Sensitivity: +25bps: +€25m (12months); +€50m (24months)
− Expect gradual growth for the rest of the year
− Continuous strong results across business lines of Retail & SME, particularly in credit cards/payments
− Expect stable development for the rest of the year
OPERATIONAL EXPENSES & RISK COSTOPERATING EXPENSES
RISK COST
Risk cost ratio
33.8%
32.5%
207
198
200
194
188
37.0% 37.5% 36.1%
0.43%
0.45% 0.46%
0.37%
0.37%
59
52
52
64
65
Q1 '25 Q2 '25 Q3 '25 Q4 '25 Q1 '26 Q1 '25 Q2 '25 Q3 '25 Q4 '25 Q1 '26
− Integration of Knab completed … rebranding of credit card business Germany to easybank
in February '26 launched with phased exchange of cards
− Synergy effects continue to materialize … leveraging best practice across the group
− Further improvements expected to result in long-term productivity gains across the
business … FY expenses expected >(5%) below 2025
− Increase of consumer unsecured in overall asset mix (primarily driven by credit card exposure)… corresponding ECL increase in 1Q '26 due to exposure growth/new card business
− NPL ratio stable at 0.8%
− Monitoring current geopolitical situation … low exposure to highly exposed industries
(high energy intensive industries and high-risk supply chains)
SEGMENT FINANCIALSRETAIL & SME
CORPORATES, REAL ESTATE & PUBLIC SECTOR
P&L | € millions | Q1 '26 | Q1 '25 | vPY | Q4 '25 | vPQ |
Core revenues | 500.7 | 432.5 | 16% | 497.8 | 1% |
Net interest income | 408.8 | 350.9 | 17% | 407.6 | -% |
Net commission income | 91.9 | 81.6 | 13% | 90.2 | 2% |
Operating expenses | (159.6) | (169.8) | (6%) | (156.3) | 2% |
Pre-provision profit | 341.1 | 263.8 | 29% | 342.5 | -% |
Regulatory charges | (8.7) | (4.7) | 85% | (4.4) | 98% |
Risk costs | (65.2) | (48.3) | 35% | (58.1) | 12% |
Profit before tax | 267.2 | 210.8 | 27% | 280.0 | (5%) |
Net profit | 197.7 | 158.1 | 25% | 210.0 | (6%) |
Ratios | |||||
RoTCE | 35.5% | 33.5% | 2.0pts | 39.3% | (3.8)pts |
Net interest margin | 4.27% | 3.86% | 0.41pts | 4.21% | 0.06pts |
NPL ratio | 1.3% | 1.0% | 0.3pts | 1.2% | 0.1pts |
Risk cost ratio | 0.67% | 0.53% | 0.14pts | 0.60% | 0.07pts |
Balance sheet | € millions | |||||
Housing loans | 26,568 | 26,581 | -% | 26,585 | -% |
Consumer and SME | 12,528 | 11,039 | 13% | 12,228 | 2% |
Total assets | 39,096 | 37,620 | 4% | 38,813 | 1% |
Total assets (avg.) | 38,838 | 36,391 | 7% | 38,759 | -% |
Customer deposits | 43,283 | 43,474 | -% | 44,516 | (3%) |
Customer deposits (avg.) | 43,275 | 41,762 | 4% | 43,032 | 1% |
P&L | € millions | Q1 '26 | Q1 '25 | vPY | Q4 '25 | vPQ |
Core revenues | 76.7 | 74.6 | 3% | 74.5 | 3% |
Net interest income | 69.7 | 67.2 | 4% | 67.3 | 4% |
Net commission income | 7.0 | 7.4 | (5%) | 7.2 | (3%) |
Operating expenses | (17.7) | (17.3) | 2% | (16.9) | 5% |
Pre-provision profit | 59.0 | 58.9 | -% | 58.3 | 1% |
Regulatory charges | (2.4) | (2.3) | 4% | (2.3) | 4% |
Risk costs | 0.0 | (9.1) | (100%) | (6.5) | (100%) |
Profit before tax | 56.6 | 47.5 | 19% | 49.5 | 14% |
Net profit | 41.9 | 35.6 | 18% | 37.1 | 13% |
Ratios | |||||
RoTCE | 30.8% | 27.4% | 3.4pts | 28.5% | 2.3pts |
Net interest margin | 2.00% | 1.96% | 0.04pts | 1.93% | 0.07pts |
NPL ratio | 0.2% | 0.6% | (0.4)pts | 0.2% | -pts |
Risk cost ratio | 0.00% | 0.27% | (0.27)pts | 0.19% | (0.19)pts |
Balance sheet | € millions | |||||
Corporates | 2,589 | 2.678 | (3%) | 2,710 | (4%) |
Real Estate | 5,749 | 5,500 | 5% | 5,687 | 1% |
Public Sector | 5,599 | 5,538 | 1% | 5,647 | (1%) |
Total assets | 14,065 | 13,830 | 2% | 14,166 | (1%) |
Total assets (avg.) | 14,155 | 13,694 | 3% | 13,956 | 1% |
Customer deposits | 2,912 | 4,248 | (31%) | 3,386 | (14%) |
Customer deposits (avg.) | 3,816 | 5,795 | (34%) | 4,142 | (8%) |
RECONFIRMING TARGETS
2026 OUTLOOK 2026 TARGET THROUGH-THE-CYLCE TARGETS
Net interest income > 6%
Core revenues > 6% Operational expenses > (5%) Risk cost ~45bps
Regulatory charges €(48)m
NET PROFIT
>€960m
€860m
€760m
2024 2025 2026
ROTCE >20%
CIR <33%
CET1 12.5%
Q1 2026 SUPPLEMENTAL INFORMATION
BALANCE SHEET POSITIONED FOR GROWTH WHILE STAYING CONSERVATIVEFORTRESS BALANCE SHEET, DISCIPLINED UNDERWRITING, AND LONG-TERM FOCUS ON RISK ADJUSTED RETURNS
LOW-RISK BALANCE SHEET FOCUSED ON RETAIL & SME
€ billion
72
14
27
13
6
6
3
3
0
PORTFOLIO MANAGEMENT
− €13.6b cash available to deploy into customer lending and/or adding to securities portfolio when appropriate opportunities arise
Customer assets | ~75% |
Cash | ~20% |
Investment book | ~5% |
− Customer-loan exposure ~80% secured and public sector assets … €14b covered bonds against ~€40b real estate and public sector assets
− Retail housing loans ~50% (€27b) of customer book … LTV of ~53% on non-
guaranteed mortgages … 36% state/insurance guaranteed
− No FX volatility … net spread income hedged on a forward basis
− Avoiding outright interest-rate risk … matched balance sheet approach
CONSUMER & CORPORATES MORTGAGES
PRIMARY FOCUS: LOSS MITIGATION & THROUGH-THE-CYCLE RISK-ADJUSTED RETURNS
€2b of assets linked to unsecured lending or leasing portfolios, €3b to Corporate exposures
€10b
PRIMARY FOCUS: CAPITAL EFFICIENCY OF LOW-RISK PORTFOLIOS
€5b (63%) mortgages under standard approach reduces risk weight from 37% to 16% (EU IRB average 13%)
RETAIL & SMECONSUMER & SME
10%
14%
Consumer loans
43% Overdrafts & Cards
€13b
Leasing & Factoring
SME
33%
OVERVIEW
− Portfolio comprised of €8.1b unsecured and €4.4b secured lending
− Credit cards: prudent growth after acquisition of German cards portfolio
− Specialty finance (leasing and factoring): primarily cars, movables with high utility value or
liquid collateral
− Consumer loans: Stable loss rates … >90% of consumer loan originations with fixed rate
OUTLOOK
− Unemployment remains low across customer base (Austria, Germany, Netherlands, Switzerland, U.S.)
− Risk cost levels to increase marginally with higher share of unsecured consumer
HOUSING
3% 1%
4%
Netherlands
Austria
29%
€27b
Germany
North America
63%
Ireland
OVERVIEW
− 36% state or insurance guaranteed
− Weighted average LTV 53% (non-guaranteed loans)
− Weighted average LTV at origination below 70% since 2020
− De-minimis loss history, significant customer equity and affordability buffers
− Fixed rate: ~90% of housing loan portfolio
OUTLOOK
− Stable portfolio development driven by tight pricing environment
− Low NPL level based on high levels of debt service coverage and equity
PORTFOLIO OVERVIEW
CORPORATES & REAL ESTATEPORTFOLIO OVERVIEW
CORPORATES REAL ESTATE
By geography
€2.6b
By industry
By geography By LTV €5.7b − Resilient portfolio with low leverage profile (~ 50% LTV, 97% of book <80% ), NPL ratio 2bps − Senior-secured with strong structural protections (Mortgage collateral, 1st lien, guarantees typical), collateral and title verification, insurance required, ongoing approval of new assets) − 80% financing portfolios of cross-collateralized assets (average >150 properties per deal) − New originations mainly in U.S., realizing pipeline with attractive risk-adjusted returns − US office stabilized: less than <5% of total portfolio … all deals fully performing (Stage 1), average senior debt yield ~10%, LTV ~ 65%, average occupancy ~80% | ||||||
2022 | 2023 | 2024 | 2025 | Q1 '26 | ||
Residential | 42% | 43% | 51% | 62% | 62% | |
Industrial / Logistics | 22% | 22% | 21% | 16% | 16% | |
Office | 22% | 21% | 15% | 10% | 10% | |
Hospitality | 7% | 7% | 8% | 8% | 8% | |
Shopping / Retail | 5% | 5% | 4% | 3% | 3% | |
Other | 2% | 2% | 1% | 1% | 1% | |
€2.6b
− Strong credit quality driven by focus on consistent cash flows in non-cyclical industries
− Average net leverage <4.0x, 100% senior lending
− Low exposure to energy intensive industries and high-supply chain reliant business models (~10%) of total corporate book
− NPL ratio 1.2%
− Lender financing €0.8b total / €0.5b US … 1% of assets
Senior financing on secured basis of diversified portfolios of corporate loans
Average advance rate ~ 50%, look through net leverage ~2.5x
Granular pools of loans across 12 facilities
Strict diversification requirements and concentration limits
B/S leverage
Total assets/common equity (excluding earmarked dividend and buyback)
Book value per share
Common equity (excluding AT1 capital, dividends and buyback)/number of shares outstanding
Common Equity
IFRS equity excluding AT1 capital, earmarked dividend and buybacks
Common Equity Tier 1 capital (CET1)
Including interim profit and deducting earmarked dividends and buyback
Common Equity Tier 1 ratio
Common Equity Tier 1 capital (CET1)/risk-weighted assets
Common Equity Tier 1 ratio pro-forma
Common Equity Tier 1 capital (CET1)/risk-weighted assets including the sale of a participation
(YE'25, Q1'26)
Core revenues
The total of net interest income and net fee and commission income
Cost-income ratio
Operating expenses (OPEX)/operating income
Customer Deposits (average)
Deposits to customers including own issues sold through retail network and private placement, average based on daily figures
Customer Funding (average)
Deposits to customers, covered bonds (public sector and mortgage) and senior bonds sold through the retail network and private placement, average based on daily figures
Customer Loans
Loans to customers measured at amortized cost
Common equity
Equity attributable to the owners of the parent; excluding minorities, AT1 and deducted earmarked dividend and buyback
Earnings per share (EPS)
Net profit/weighted average number of shares outstanding (diluted)
Interest-bearing assets
Financial assets + assets at amortized costs incl. customer business from relevant B/S position
Leverage ratio
Tier 1 capital (including interim profit, earmarked dividends, buyback/total exposure (CRR definition)
Loan to Value (LTV)
IFRS book value including prior liens excluding NPLs / Market value of real estate collaterals allocated excluding NPLs
Net interest margin (NIM)
Net interest income (NII)/average interest-bearing assets
NPL cash coverage
Stage 3 Loan Loss Provisions plus Reserves plus Prudential Filter / Non-performing exposure (economic IFRS)
NPL ratio
Non-performing exposure (economic IFRS) - defined as NPL acc. to Art. 178 CRR excluding Retail & SME segment exposures without arrears (8.1. 8.2 and 8.4 RK) / BAWAG Group Total Exposure including off balance (IFRS scope of consolidation)
Pre-provision profit
Operating income less operating expenses (excluding regulatory charges)
Return on common equity (RoCE)
Net profit/average IFRS common equity, deducted earmarked dividends and buyback
Return on tangible common equity (RoTCE)
Net profit/average IFRS tangible common equity, deducted earmarked dividends and buyback
Risk cost ratio
Stage 1&2 ECL risk costs and Stage 3 risk costs, impairment losses, operational risk and securitization costs (total risk costs) / average interest bearing assets
Tangible book value/share
Common equity reduced by the carrying amount of intangible assets/number of shares outstanding
Tangible common equity
Common equity reduced by the carrying amount of intangible assets
Total capital ratio
Total capital/risk-weighted assets
DISCLAIMERResponsibility statements required by Irish Takeover Rules
The directors of the management boards of each of BAWAG Group AG ("BAWAG" or "BAWAG Group") and BAWAG PSK (the "BAWAG Directors") accept responsibility for the information contained in this presentation. To the best of the knowledge and belief of the BAWAG Directors (who have taken all reasonable care to ensure that this is the case), the information contained in this presentation for which they accept responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information.
Cautionary Statement Regarding Forward-Looking Statements
This presentation contains certain forward-looking statements with respect to BAWAG, BAWAG PSK and PTSB. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements often use words such as "anticipate", "target", "expect", "estimate", "intend", "plan", "believe", "will", "may", "would", "could" or "should" or other words of similar meaning or the negative thereof. Forward-looking statements include statements relating to the following: (i) future capital expenditures, expenses, revenues, economic performance, financial conditions, dividend policy, losses and future prospects; (ii) business and management strategies and the expansion and growth of the operations of BAWAG Group or the PTSB Group; and
(iii) the effects of government regulation on the business of BAWAG Group, or the PTSB Group.
These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of any such person, or industry results, to be materially different from any results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are based on numerous assumptions regarding the present and future business strategies of such persons and the environment in which each will operate in the future. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All subsequent oral or written forward-looking statements attributable to BAWAG, BAWAG PSK or PTSB or any persons acting on their behalf are expressly qualified in their entirety by the cautionary statement above. Neither BAWAG, BAWAG PSK nor PTSB undertake any obligation to update publicly or revise forward-looking or other statements contained in this presentation, whether as a result of new information, future events or otherwise, except to the extent legally required. This statement is included for the purpose of invoking "safe harbor provisions".
No profit forecast or estimate
No statement in this presentation is intended as a profit forecast or estimate for any period and no statement in this presentation should be interpreted to mean that earnings or earnings per share, for BAWAG or PTSB, respectively for the current or future financial years would necessarily match or exceed any historical published earnings or earnings per share for BAWAG or PTSB respectively. No statement in this presentation constitutes an estimate of the anticipated financial effects of the proposed acquisition.
Publication on website
Pursuant to Rules 26.1 of the Irish Takeover Rules, this presentation will be made available on BAWAG's website (https://www.bawaggroup.com/en/investor-relations/ptsb-formal-sale-process) by no later than 12:00 noon (Irish time) on the Business Day following the date of this presentation.
Neither the content of any such website, nor the content of any other website accessible from hyperlinks on such website, is incorporated into, or forms part of, this presentation.
No Offer or Solicitation
This presentation is for information purposes only and is not intended to, and does not, constitute or form any part of any offer or invitation, or the solicitation of an offer, to purchase or otherwise acquire, subscribe for, sell or otherwise dispose of any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.
The proposed acquisition of PTSB will be made solely by means of the applicable scheme document (or, if applicable, the takeover offer documents), which will contain the full terms and conditions of the acquisition. This presentation does not constitute a prospectus or a prospectus equivalent document.
Rounding
Certain figures included in this presentation have been subjected to rounding adjustments. Accordingly, figures shown for the same category presented in different tables or forms may vary slightly and figures shown as totals in certain tables or forms may not be an arithmetic aggregation of the figures that precede them.
General
The laws of certain jurisdictions may affect the availability of the presentation to persons who are not resident in Ireland or the United Kingdom. Persons who are not resident in Ireland or the United Kingdom, or who are subject to laws of any jurisdiction other than Ireland or the United Kingdom, should inform themselves about, and observe, any applicable legal or regulatory requirements. Any failure to comply with any applicable legal or regulatory requirements may constitute a violation of the laws and/or regulations of any such jurisdiction. To the fullest extent permitted by applicable law, the companies and persons involved in the acquisition disclaim any responsibility and liability for the violation of such restrictions by any person. Further details in relation to Overseas Shareholders will be contained in the scheme document to be published by PTSB in connection with the acquisition.
This presentation has been prepared for the purpose of complying with the laws of Ireland and the Irish Takeover Rules and the information disclosed may not be the same as that which would have been disclosed if this presentation had been prepared in accordance with the laws of jurisdictions outside of Ireland.
The acquisition will not be made available, directly or indirectly, in certain restricted jurisdictions, and the acquisition will not be capable of acceptance from within any such jurisdiction.
IMPORTANT DISCLAIMER: This presentation is prepared solely for the purpose of providing general information about BAWAG Group, Wiedner Gürtel 11, 1100 Wien. The information does not constitute investment or other advice or any solicitation to participate in investment business. This presentation does not constitute an offer or recommendation to purchase any securities or other investments or financial products. In respect of any information provided past performances do not permit reliable conclusion to be drawn as to the future performances. BAWAG Group does not make any representation, express or implied, as to the accuracy, reliability or completeness of the information contained in this presentation. BAWAG Group disclaims all warranties, both express and implied, with regard to the information contained in this presentation. This presentation contains forward-looking statements relating to the business, financial performance and results of BAWAG Group or the industry in which BAWAG Group operates. These statements may be identified by words such as "expectation", "belief", "estimate", "plan", "target" or "forecast" and similar expressions, or by their context. These statements are made on the basis of current knowledge and assumptions and involve risks and uncertainties. Various factors could cause actual future results, performance or events to differ materially from those described in these statements and neither BAWAG Group nor any other person accepts any responsibility for the accuracy of the opinions expressed in this presentation or the underlying assumptions. No obligation is assumed to update any forward-looking statements. In no event shall BAWAG Group be liable for any loss, damages, costs or other expenses of any kind (including, but not limited to, direct, indirect, consequential or special loss or loss of profit) arising out of or in connection with any use of, or any action taken in reliance on, any information contained in this presentation. BAWAG Group assumes no obligation for updating the provided information in this presentation. The content in this presentation are not to be relied upon as a substitute for professional advice. This presentation shall not be forwarded to any third party.
April 21, 2026 20
April 21, 2026