Investor Presentation Argenta Spaarbank January 2019
Disclaimer This presentation has been prepared by the management of Argenta Spaarbank nv (the “Issuer") for information purposes and contains general and financial information with regard to the Issuer and the entities of the Argenta group. It does not constitute or form part of, and should not be construed as, an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of the Issuer or any member of its group nor should it or any part of it form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any securities of the Issuer or any member of its group, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever It does not constitute an offer or a prospectus or offering document in whole or in part and the terms are qualified in their entirety by such offering or other transaction document(s) (the “Offering Document”) issued in respect of the securities (the “Notes”) described in this material. The information included in this presentation has been provided to you solely for your information and background and is subject to updating, completion, revision and amendment and such information may change materially. Unless required by applicable law or regulation, no person is under any obligation to update or keep current the information contained in this presentation and any opinions expressed in relation thereto are subject to change without notice. No representation or warranty, express or implied, is made as to the fairness, accuracy, reasonableness or completeness of the information contained herein. This presentation includes (non)-IFRS information and forward-looking statements that reflect the Issuer's intentions, beliefs or current expectations concerning, among other things, the Issuer’s results of operations, financial condition, liquidity, performance, prospects, growth, strategies and the industry in which the Issuer operates. These forward-looking statements are subject to risks, uncertainties and assumptions and other factors that could cause the Issuer's actual results of operations, financial condition, liquidity, performance, prospects, growth or opportunities, as well as those of the markets it serves or intends to serve, to differ materially from those expressed in, or suggested by, these forward-looking statements. The Issuer cautions you that forward-looking statements are not guarantees of future performance and that its actual results of operations, financial condition and liquidity and the development of the industry in which the Issuer operates may differ materially from those made in or suggested by the forward-looking statements contained in this presentation. In addition, even if the Issuer's results of operations, financial condition, liquidity and growth and the development of the industry in which the Issuer operates are consistent with the forward-looking statements contained in this presentation, those results or developments may not be indicative of results or developments in future periods. The Issuer and each of its directors, officers and employees expressly disclaim any obligation or undertaking to review, update or release any update of or revisions to any forward-looking statements in this presentation or any change in the Issuer's expectations or any change in events, conditions or circumstances on which these forward-looking statements are based, except as required by applicable law or regulation. Although this presentation has been prepared with reasonable care, this presentation should not be considered as complete or exhaustive. Neither Argenta Spaarbank nor any other person accepts any liability for any loss howsoever arising, directly or indirectly, from this document or its contents. This presentation is directed only at and is made available only to professional clients and eligible counterparties and not to retail investors. Retail investors means i) a retail client as defined in point (11) of Article 4(1) of MiFID II; or (ii) a customer within the meaning of the Insurance Mediation Directive, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II;or (iii) not a qualified investor as defined in the Prospectus Directive. This document not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. The distribution of this presentation itself or the Notes mentioned in this document, in certain jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe any such restrictions. The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the “ Securities Act ”). Subject to certain exceptions, Notes may not be offered, sold or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act). Prospective investors should have regard to Base Prospectus, especially the factors described under the section headed “Risk Factors”. 2
Argenta Overview 1 Financial Performance 2 Asset Quality 3 Capital 4 Funding and Liquidity 5 Outstanding Debt 6 Glossary 7
Company history Foundation of Argenta Argenta Assuranties Financial crisis 60 years of Argenta Argenta was founded as a Argenta celebrates its 60th company specializing in Argenta Assuranties nv was Argenta came unscathed anniversary, Argenta is remaining offering personal loans by established, enabling through the crisis and did not true to its historical and strong Karel Van Rompuy. Until Argenta to offer life and fire need any government cultural values of simplicity, today, the Van Rompuy insurances. Bankassurance support transparency, honesty and family is still the majority was a fact. sustainability. shareholder 1966 1974 1997 2008 1956 2010 2016 Today Argenta Spaarbank Argen-co Digitalization and Argenta Netherlands growth Argenta Coöperatieve cvba The establishment of Argenta Argenta starts selling was founded, and launched Spaarbank nv enables Argenta to offer Significant investment in mortgage loans in the in 2010 and 2011 a public saving accounts. This moment also updating platforms and Netherlands. marked the start of the distribution issue of shares to 67.000 digitalization and on/off clients and office holders. network of independent agents. balance growth This gave Argen-co a +-14% stake in Argenta. 4
Group structure: full-fledged retail bank- insurer A transparent group structure Stable family shareholder base Investar (holding company of founding family) and Argen-Co (cooperative capital held by employees and clients). Banking operations in Belgium and the Netherlands. Insurance operations in Belgium and the Netherlands. Asset Management operation incorporated in Luxembourg. On 30 July 2018 Arvestar Asset Management NV, a consolidated joint venture, was founded between Argenta Asset Management S.A. and Degroof Petercam Asset Management SA/NV (‘DPAM’). 5
Strategy and business profile Simple and easy-to-understand retail business model Integrated bank-insurance business model focussed on fruitful long term relationships with its retail clients, employees, tied Market share 1 agents, family shareholders and investors. Deposits 0.7% Offering simple and transparent bank and insurance products Mortgage loans 3 1.5% and free of charge payment and custodial services. Broad reach through a strong network of independent agents in Belgium, third party distribution in the Netherlands, complemented by a user-friendly digital platform. Unrivalled levels of customer satisfaction, loyalty and brand strength: Internal and external NPS surveys show top notch results. Voted best Savings and Current Account by Bankshopper.be in 2017 and 2018. Voted best bank – General Satisfaction by the independent inquiry by Spaargids.be in 2018. Voted best bank of Belgium by Spaargids.be in 2017 Market share 1 Identified as strongest bank brand strength in Flanders in 2016 in a Deposits 8,2% study published by the Benchmark Company. Investment funds 3,8% Integrated operating model creating cost synergies and Mortgage loans 3 7,9% Life insurance 2 6,5% efficiencies. Non-life insurance 2 2,0% (1) Portfolio market share as per end of June 2018 (2) Premium collection / sales market share as per end of June 2018 6 (3) Production market share as per end of June 2018
Argenta Overview 1 Financial Performance 2 Asset Quality 3 Capital 4 Funding and Liquidity 5 Outstanding Debt 6 Glossary 7
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