BBVA Argentina Corporate Presentation 2Q 2019
Corporate Presentation 2Q 2019 1 Safe Harbour Statement This presentation contains certain forward-looking statements that reflect the current views and/or expectations of Banco BBVA Argentina and its management with respect to its performance, business and future events. We use words such as “believe,” “anticipate,” “plan,” “expect,” “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “seek,” “future,” “should” and other similar expressions to identify forward- looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) changes in general economic, financial, business, political, legal, social or other conditions in Argentina or elsewhere in Latin America or changes in either developed or emerging markets, (ii) changes in regional, national and international business and economic conditions, including inflation, (iii) changes in interest rates and the cost of deposits, which may, among other things, affect margins, (iv) unanticipated increases in financing or other costs or the inability to obtain additional debt or equity financing on attractive terms, which may limit our ability to fund existing operations and to finance new activities, (v) changes in government regulation, including tax and banking regulations, (vi) changes in the policies of Argentine authorities, (vii) adverse legal or regulatory disputes or proceedings, (viii) competition in banking and financial services, (ix) changes in the financial condition, creditworthiness or solvency of the customers, debtors or counterparties of Banco BBVA Argentina, (x) increase in the allowances for loan losses, (xi) technological changes or an inability to implement new technologies, (xii) changes in consumer spending and saving habits, (xiii) the ability to implement our business strategy and (xiv) fluctuations in the exchange rate of the Peso. The matters discussed herein may also be affected by risks and uncertainties described from time to time in Banco BBVA Argentina’s filings with the U.S. Securities and Exchange Commission (SEC) and Comision Nacional de Valores (CNV). Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as the date of this document. Banco BBVA Argentina is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Corporate Presentation 2Q 2019 2 BBVA Argentina highlights PRESENCE FINANCIAL AS OF JUNE 2019 JUNE 2019 branches Net Loans to the 252 Total assets private sector Deposits 392,892 AR$m 186,616 AR$m 285,202 AR$m ATMs 855 Interest Results 2Q19 Commissions2Q19 Op. Expenses 2Q19 Net Income 2Q19 13,036 AR$m 1,944 AR$m 12,131 AR$m 6,780 AR$m ATSs 825 ROE ROA NPL ratio Coverage ratio Efficiency ratio NIM employees 58.4 % 7.0 % 2.7 % 112.9 % 35.4 % 20.0 % 6,242 TOTAL CUSTOMERS DIGITAL SALES JUNE 2019 RETAIL SMEs CIB Digital Customers 1 Mobile Customers 2 +2.5 m +48,500 +800 +1.8 m +0.8 m PRV 3 57.7 % 1. Digital Customers: We consider a customer to be an active user of online banking when they have been logged at least once within the last three months using the internet or a cell phone and SMS banking 2. Mobile Customers: Customers who have been active on to online banking at least once in the last three months using a mobile device 3. PRV: Product Relative Value as a proxy of a better economic representation of units sold
01 BBVA Purpose
Corporate Presentation 2Q 2019 4 BBVA PURPOSE We are BBVA. We create opportunities OUR PURPOSE SIX STRATEGIC PRIORITIES To bring the age of New standard in customer experience opportunity Digital sales to everyone New business models Optimize capital allocation Unrivaled efficiency A first class workforce
Corporate Presentation 2Q 2019 5 BBVA PURPOSE New value proposition Based on our customers’ real needs Providing the best Through an easy and Helping our customers solutions convenient experience to make the best financial decisions offering relevant that generate trust for our DIY through digital advice customers, being clear, channels or human transparent and based interaction on integrity Our aspiration is to strengthen the relationship with the customer
Corporate Presentation 2Q 2019 6 BBVA PURPOSE Our Values Customer comes first We think big We are one team We are empathetic We are ambitious I am committed We have integrity We break the mold I trust others We meet their needs We amaze our customers I am BBVA
02 BBVA Argentina
Corporate Presentation 2Q 2019 8 2Q19 Highlights 01 AR$ 6,780 +219% YoY Net Income 02 Net Interest Income AR$ 13,036 +118% YoY 03 Net Fee Income AR$ 1,944 +111% YoY 04 Administrative Expenses AR$ 5,663 +58% YoY Coverage ratio NPL ratio 05 Risk indicators 112.9% 2.66% Capital Ratio TIER I 06 Strong capital position 16.7% 16.0% ROE * ROA * 07 Focus on shareholder value 58.4 % (61.3%) 7.0% (7.0%) * Excluding Prisma results
Corporate Presentation 2Q 2019 9 A leading bank in the Argentine financial system Assets (AR$ Bn - % Market Share) Equity (AR$ Bn - % Market Share) 6,106 693 18.5% 26.8% 15.4% 31.4% 9.6% 9.6% 8.7% 9.1% 8.7% 218 7.9% 6.4% 6.2% 1,637 7.2% 7.0% 4.2% 1,131 3.5% 3.2% 3.2% 107 3.8% 3.3% 3.1% 3.1% 586 585 63 531 60 55 50 49 393 377 256 214 198 196 26 23 22 21 Nacion Galicia Santander Provincia BBVA Macro HSBC Ciudad ICBC Credicoop Rest of the Financial Nacion Macro Galicia Santander Provincia BBVA ICBC Patagonia Citi Crediccop Rest of the Financial System System System System Loans (AR$ Bn - % Market Share) Deposits (AR$ Bn - % Market Share) 2,363 4,500 20.7% 16.0% * 8.5% 10.2% 25.2% 9.8% 9.0% 10.1% 9.7% 23.9% 7.7% 9.1% 6.9% 597 6.3% 4.1% 4.1% 5.8% 3.7% 1,077 3.2% 932 4.2% 378 3.7% 3.6% 2.7% 241 231 456 213 439 409 182 164 285 263 97 97 188 89 75 168 163 121 Nacion Galicia Santander Provincia BBVA Macro HSBC Ciudad ICBC Patagonia Rest of the Financial Nacion Santander Provincia Galicia BBVA Macro HSBC Ciudad Credicoop Patagonia Rest of the Financial System System System System * Includes PSA + Volkswagen + Rombo Public Banks Private Banks Source: BCRA as of June 2019
Corporate Presentation 2Q 2019 10 … with a diversified business model MULTICHANNEL STRUCTURE Physical Digital Exclusive Infrastructure Channels Partnerships BRANCHES WEB JV’S ALLIANCES ATM/ATS MOBILE CALL CENTER IN-COMPANY BANKS
Corporate Presentation 2Q 2019 11 and a growth strategy focused on two key goals TRANSFORMATION OPEN MARKET Differentiated commercial offering Digitalization Digital acquisition engines Servicing Development of key digital competences
Corporate Presentation 2Q 2019 12 Equity Ownership SUBSIDIARIES AND EQUITY OWNERSHIP STRUCTURE PARTICIPATIONS BBVA Asset Management 95% BBVA Francés Valores 6.9% 97% 6.2% PSA Finance Free Float 26,55% 50% 20.3% 66,55% Volkswagen Financial Services 51% Rombo Compañía Financiera 40% ANSES ByMA NYSE BBVA Seguros 12.22% As of June 30th, 2019
Corporate Presentation 2Q 2019 13 Solid Balance Sheet Structure Leverage 7.1x Loans to Deposits 65% Liquid assets/deposits 60.7%
Corporate Presentation 2Q 2019 14 Gross Private Loans PRIVATE LOAN PORTFOLIO PRIVATE LOANS STRUCTURE (AR$ millions) Private loans includes loans of BBVA + VW 4% Credit Cards 56% +16% 44% Personal Loans 28% 52% 192,385 190,123 165,304 Mortgages Retail Commercial Financial 14% Car Loans PRIVATE LOANS BY CURRENCY 2% 37% 2Q18 1Q19 2Q19 63% MARKET SHARE* 7.19% 7.72% 7.64% AR$ USD * Bank only
Corporate Presentation 2Q 2019 15 Retail Loan Portfolio PERSONAL LOANS PLEDGE LOANS (AR$ millions) (AR$ millions) Includes Bank + PSA + Rombo + VW portfolio -16 % +18 % 24,421 24,412 20,666 19,343 16,811 16,308 2Q18 1Q19 2Q19 2Q18 1Q19 2Q19 4.94% 5.30% 5.22% MARKET SHARE 17.54% 15.57% 15.14% Consolidated market share
Corporate Presentation 2Q 2019 16 Retail Loan Portfolio CREDIT CARDS MORTGAGES (AR$ millions) (AR$ millions) +36 % +64 % 48,137 45,585 12,046 11,045 35,290 7,357 3,263 3,525 3,511 2Q18 1Q19 2Q19 2Q18 1Q19 2Q19 Volume Stock (million cards) 13.19% 14.61% 14.77% MARKET SHARE 3.23% 3.39% 3.35% Consumption market share
Corporate Presentation 2Q 2019 17 Commercial Banking Loan Portfolio COMMERCIAL LOANS COMMERCIAL LOANS BY CURRENCY (AR$ millions) +13 % 34% 99,662 96,706 85,361 66% AR$ USD 2Q18 1Q19 2Q19 MARKET SHARE 8.99% 9.31% 9.10%
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