CONSOLIDATED RESULTS 1H2020 Unaudited financial information - PowerPoint PPT Presentation

CAIXA GERAL DE DEPÓSITOS CONSOLIDATED RESULTS 1H2020 Unaudited financial information Investor Relations | 31/07/2020

Disclaimer  The financial statements have been prepared on the basis of the International Financial Reporting Standards (IFRS) as adopted in the European Union in accordance with Regulation (EC) No. 1606/2002 of the European Council and of the Parliament of July 19 and provisions of Decree-Law No. 35/2005 of February 17. The financial information reported is unaudited.  The financial metrics in this presentation refer to June 30, 2020, unless otherwise stated. These may be estimates subject to revision. Solvency ratios include net income for the period.  The first months of 2020 have been marked by the COVID-19 pandemic. As a consequence of the spread of the disease, with confirmed cases in more than 200 countries and territories, drastic measures have been taken to contain it, including the restrictions on mobility of the population, the closure of national borders and conditioning in a wide range of economic activities. Several countries lifted their lockdown restrictions in the second part of the half year, enabling a resumption of economic activity albeit subject to the application of limitations on different sectors. Consequently diverse economic indicators referring to the first quarter have confirmed a sharp deceleration of worldwide economic activity, suggesting a global recessionary scenario with high levels of uncertainty over its depth and duration. Impacts, albeit uncertain, are naturally expected on the group’s activity and its capacity to achieve its economic-financial goals. Their extent will be contingent upon a multiplicity of factors such as the depth of the economic crisis, its length, the economic sectors most affected and the type and impact of the monetary and fiscal policy measures adopted and to be adopted by the diverse European Union central banks in the future. In light of these uncertainties, and based on the information available at this time, CGD estimated and recognized in the semester the financial effects of this pandemic, including the valuation of financial assets and the measurement of expected losses in the loan portfolio, which will be subject to continuous reassessment.  This document is intended for general information only and does not constitute investment recommendation or professional guidance and may not be construed as such.  This document is an English translation of the Portuguese language document “Resultados Consolidados 1S2020 ” . In the event of any inconsistency, the original version prevails. CONSOLIDATED RESULTS 1H2020 CAIXA GERAL DE DEPÓSITOS, S.A. 2

Agenda 1 5 Highlights Asset Quality 2 6 Business Activity Liquidity 3 7 Results Capital 4 8 Balance Sheet Summary CONSOLIDATED RESULTS 1H2020 CAIXA GERAL DE DEPÓSITOS, S.A. 3

HIGHLIGHTS CONSOLIDATED RESULTS 1H2020 CAIXA GERAL DE DEPÓSITOS, S.A. 4

Answer to the pandemic COVID-19 impacts on the results of the 1 st semester of 2020 Highlights O resultado líquido consolidado alcança 249 M € (-41% face a 1S2019) originando um ROE de 6,2% com o resultado Consolidated net income reaches € 249M (-41% over 1H 2020) resulting in a ROE of 6.2% while domestic core de exploração core na atividade doméstica estabilizado. operating income remains stable Este valor inclui um ganho extraordinário de 71M € decorrente do impacto do novo Acordo de Empresa nas Current net income was € 198M, a 30% reduction over the same period in 2019 and corresponding to a ROE of 5.0%, responsabilidades com benefícios pós-emprego (Fundo de Pensões e Plano Médico). Deste modo, o RL corrente foi considering that the first semester includes an extraordinary gain of € 51M (after tax) arising from extraordinary actuarial gains de 191M € o que corresponde a uma redução XX% face ao primeiro semestre de 2019 in liabilities with post-employment benefits No primeiro semestre, e em antecipação dos efeitos expectáveis da crise económica, registou-se um reforço de In the first semester, and in anticipation of the expected effects of the economic crisis, there was an additional charge imparidades de crédito e de provisões para garantias bancárias de 60 M € of credit impairments and provisions for bank guarantees of € 156M Os rácios fully implemented CET 1, Tier 1 e Total situaram-se em 16,6%, 17,7% e 19,1%, respetivamente, superiores Fully loaded CET 1 ratio reaches 16.6%, Tier 1 17.7% and Total ratio 19.1%, above the Portuguese and European à média Portuguesa e europeia, evidenciando a robusta e adequada posição de capital da CGD banking average, evidence of CGD’s robust and adequate capital position Crescimento expressivo (+2,1%) em Portugal no crédito a empresas (excluindo construção e imobiliário) e na QM da Significant growth (+8.5%) in Portugal in corporate and business loans (excluding construction and real estate) and in nova produção de crédito à habitação que atingiu os 20% (+5 p.p. face a 2018) new mortgage loans production with a market share of 20% (+5 p.p. over 2019) Melhoria da qualidade de ativos: rácio NPL líquido de imparidades de 0,6% vs média de bancos europeus1 de 1,5%. Improvement in asset quality: NPL ratio net of total impairments of 0.6%. NPL ratio drops to 4.4% and specific Rácio NPL reduz para 4,4% e nível de cobertura reforça para 86,1% coverage level increases to 63% vs 46% average for European banks CGD fully maintains its operability with 100% of branches and corporate offices fully functional and significantly CGD mantem integralmente o nível de operacionalidade e reforça significativamente o apoio às famílias e empresas. reinforces support to families and companies, improving its reputational and trust levels, while achieving significant QM das Linhas de Crédito COVID idêntica à QM das empresas growth in funds (1) EBA Risk Dashboard – March 2020 CONSOLIDATED RESULTS 1H2020 CAIXA GERAL DE DEPÓSITOS, S.A. 5

Execution of the first 6M 2020 starts the conclusion of the Strategic Plan Highlights Strategic Plan Targets (1) (1) > 9% 8.1% (1) 6.2% (1) 5.0% 2020 Management Return on Equity 1.3% Targets (ROE) (1) (1) > 9% (3) 2020-06 Execution Target 2020 2019-12 Execution European Banks Average (2020-03) 72% 44% 47% 2020 Management < 43% Cost-to-Income Targets Corrente (2) < 43% (3) 2020-06 Execution Target 2020 2019-12 Execution European Banks Average (2020-03) < 7% 2020 Management 4.7% 4.4% 3.0% Targets NPL Ratio < 5% (3) 2020-06 Execution Target 2020 2019-12 Execution European Banks Average (2020-03) 16.9% 16.6% 14.9% > 14% 2020 Management CET1 Targets Fully loaded (3) 2020-06 Execution Target 2020 2019-12 Execution European Banks > 14% Average (2020-03) (1) Current activity ROE = (net income + non-recurring costs + non-controlling interests) / Shareholders ' equity (average of 13 monthly observations, annualized; (2) Domestic activity. (3) EBA Risk Dashboard – March 2020. CONSOLIDATED RESULTS 1H2020 CAIXA GERAL DE DEPÓSITOS, S.A. 6

Sustainability – Contribution to minimize COVID-19 impacts Highlights Caixa Social Awards Lisbon European Green Capital 2020 CGD awarded the Caixa Social 2020 Awards in As part of the Lisbon European Green Capital the 1st quarter, anticipated the Caixa Social 2020 commitment, Caixa, in a symbolic act, 2021 Awards for the 2nd quarter and provided delivered Jardim Caixa to the city of Lisbon . 1 million euros to support answers to the This partnership with the city is part of Caixa's impacts of COVID-19. Social Responsibility Policy and contributes to the In the 2021 edition, 416 applications were received from all over the country population's enjoyment of yet another green and and 34 projects were awarded , which are expected to impact more than leisure space in the city. 125,000 beneficiaries . Asset Donation Program Commitments and Policies Participation in the donation of 100 ventilators to the Caixa became a signatory to the Manifesto “Harnessing the crisis to National Health Service through the Portuguese launch a new sustainable development from BCSD paradigm” Banking Association Portugal, declaring its ambition to contribute to the construction of an increasingly sustainable development model. CGD donated 120 computer equipment to several The Diversity Policy for CGD group employees Education Institutions , supporting students who, without and members of CGD's Board and Supervisory a computer at home, were confronted with the reality of bodies was published, which aims to define the distance learning. objectives to be achieved in terms of diversity. More than 1,500 securities were donated during the 1st semester. In addition to social support, Caixa promotes principles of environmental responsibility through the reuse of various discontinued equipment and materials. CONSOLIDATED RESULTS 1H2020 CAIXA GERAL DE DEPÓSITOS, S.A. 7

BUSINESS ACTIVITY CONSOLIDATED RESULTS 1H2020 CAIXA GERAL DE DEPÓSITOS, S.A. 8