Retail Investor Day 2018 Den Haag 19 September 2018 Agenda 1. - PowerPoint PPT Presentation

Retail Investor Day 2018 Den Haag – 19 September 2018

Agenda 1. Welcome and introduction 2. Half year results 2018 3. Corporate client activities 4. Retail client activities 5. NIBC ventures 6. Wrap up 2

Introducing NIBC’s Executive Committee Paulus de Wilt Herman Dijkhuizen Chief Executive Officer Chief Financial Officer Chairman of the Managing Board Vice-chairman of the Managing Board Reinout van Riel Saskia Hovers Chief Risk Officer Member of the Executive Committee responsible Member of the Managing Board for Corporate Client Offering Sectors Caroline Oosterbaan Michel Kant Member of the Executive Committee responsible Member of the Executive Committee responsible for Corporate Client Offering Products for Retail Client Offering 3

Where do we come from Building upon an entrepreneurial DNA 1945 1999 1999 Launch of 2014 2018 Herstelbank founded Rebranded as Delisted and 85% Acquisition in Listed at Euronext by the Dutch acquired by two Germany Amsterdam (NIBC) government with the Dutch pension funds 2008 : Netherlands mission to help Investment in 2009 : Germany rebuild the Acorn / OakNorth Netherlands 2011 : Belgium 1945 - Long term lending bank focused on entrepreneurs 2005 Reinventing NIBC into a new bank for entrepreneurs - 2018 1971 2004 2005 2016 2017 1986 Renamed Listed on Dutch stock Rebranded as Acquired by a Acquisition of Acquired minority De Nationale exchange consortium led by equity stakes in Securities Investerings Bank FinTech companies renamed (DNIB) MARKE TS Launched new leasing equipment company 4

Focused mid-market corporate and retail franchise with differentiated approach Our business model Key indicators Corporate client offering Retail client offering € 21.8bn Total assets  Focus on mid-market corporate clients  Mortgages ranging from owner-occupied to  Focus on specific products across broad buy-to-let spectrum from advising, structuring, and  Focus on entrepreneurs and financing to co-investing across debt small businesses and equity  Online savings Net profit € 84m € 10.0bn client exposure € 9.2bn client exposure Typical ticket size: € 10-50m Typical ticket size: € 100k-2.5m 686 FTE Our differentiated approach  Client oriented franchise present at clients’ decisive moments +72% NPS 1  No flow business, no current accounts offered and no branch network  Focus on profitable products in client-led (sub)sectors  Corporate portfolio size and limited number of clients allow complete insight and overview Cost-to- 47% income ratio  Efficient, entrepreneurial and agile culture, driven by THINK YES approach Note: Financials for NIBC Holding as of H1 2018, unless otherwise stated. 1: Net Promoter Score (NPS) measures the willingness of customers to recommend a company’s products or services to others based on speed, pricing, quality of advice and deep sector 5 and financial knowledge. Based on Corporate Bank products only.

Dutch bank operating in solid Northwestern European markets Focus on Northwestern Europe 1 Increasingly diverse client franchise… € 9.2bn 2015 H12018 € 1.6bn mortgages corporate exposure € 3.9bn 34 Corporate clients ~600 ~700 savings FTEs € 6.3bn corporate exposure Leasing clients 0 ~450 569 FTEs Investor clients 0 ~800 Mortgage clients 81,000 93,000 Savings clients 331,000 324,000 …resulting in growing and transforming client exposures CAGR +3% 19.2 18.0 c. € 1.9bn origination in Excluding pre- 9.2 8.1 H1 2018 2 IFRS9 fair value adjustment on mortgage loans c. € 1.5bn € 4.3bn 9.9 10.0 origination in savings H1 2018 € 1.0bn € 2.1bn savings corporate exposure 2015 2017 78 5 FTEs FTEs Corporate exposure ( € bn) Mortgages ( € bn) Note: Financials for NIBC Holding 1: Financials as at H12018. 6 2: Including originate-to-manage.

Agile organisation with an entrepreneurial culture Version excludes movies Our purpose Making a difference at decisive moments Our values Professional Entrepreneurial Inventive  In-depth sector knowledge  Sound, enterprising bank  Bespoke solutions  Expert financial solutions  Decisive moments in  Think creatively to meet clients’ business and life clients’ financial needs  Tailored risk and portfolio management  Agile execution  Structuring DNA 7

Our six strategic priorities Continuous evolution of client franchise, expertise and propositions  2% growth in Corporate client assets 5% growth in Retail client assets, excluding OTM  1 Further optimisation of Focus on growth of asset capital structure and 6 2 portfolio in core markets diversification of funding  Beequip Sustainably lowering funding costs  Receivable finance offering   Further RWA reduction  CETI ratio 16.4%, well above mid- term objective Ongoing investment in people, Diversification of income 5 3 culture and innovation Increased OTM mandate to EUR 3.3bn   IMD program for senior staff  Successfully closed EUR 450m North IMD follow-up review of global trends  Westerly V CLO 4 Building on existing agile and effective organisation  Strategic partnerships with fintechs 8

Agenda 1. Welcome and introduction 2. Half year results 2018 3. Corporate client activities 4. Retail client activities 5. NIBC ventures 6. Wrap up 9

The world around us Positive trends in most indicators Solid economic growth and declining unemployment Dutch economy: strong fundamentals 3 in the Netherlands and Germany 1 8  International, highly competitive economy  GDP: EUR 738 billion; GDP per capita: #5 in the EU 6 4 But international challenges remain…..  Interest rate environment: low for longer 2  Italian budgetary issues, Turkish economic policy 0  Trade tensions, and uncertainty around Brexit continues 2015 2016 2017 2018 NL GDP (%) GE GDP (%) (%) (%) NL Unemployment (%) GE Unemployment (%) (%) (%) High Dutch consumer confidence level 2 Strong house price recovery in the Netherlands (2015 = 100) 2 30 125 20 115 10 105 0 2015 2016 2017 2018 -10 95 Consumer confidence 2015 2016 2017 2018 1: Real GDP growth in percentage, y-o-y. Sources: Dutch Statistics Office (NL); German Federal Statistics Office (GE) 2: Source: Dutch Statistics Office 3: 2017 figures 10

The world around us Positive trends in most indicators Solid economic growth and declining unemployment Dutch economy: strong fundamentals 3 in the Netherlands and Germany 1 8  International, highly competitive economy  GDP: EUR 738 billion; GDP per capita: #5 in the EU 6 4 But international challenges remain…..  Interest rate environment: low for longer 2  Italian budgetary issues, Turkish economic policy 0  Trade tensions, and uncertainty around Brexit continues 2015 2016 2017 2018 NL GDP (%) GE GDP (%) (%) (%) NL Unemployment (%) GE Unemployment (%) (%) (%) High Dutch consumer confidence level 2 Strong house price recovery in the Netherlands (2015 = 100) 2 30 125 20 115 10 105 0 2015 2016 2017 2018 -10 95 Consumer confidence 2015 2016 2017 2018 1: Real GDP growth in percentage, y-o-y. Sources: Dutch Statistics Office (NL); German Federal Statistics Office (GE) 2: Source: Dutch Statistics Office 3: 2017 figures 11

Share price performance NIBC share price remained under pressure Since NIBC IPO, rebased to the IPO price of € 8.75 € Shares Traded (‘000) 9.75 2,000 c. 5K 9.25 1,500 8.75 8.25 1,000 7.75 500 7.25 6.75 0 23-Mar-18 23-Apr-18 23-May-18 23-Jun-18 23-Jul-18 23-Aug-18 NIBC Volume (RHS) NIBC (LHS) AEX Index (LHS) Stoxx Banks (LHS) IPO Price (LHS) Source Bloomberg as of 14 September 2018 Share price performance versus peers NIBC Key statistics Peers Pre Easter IPOs % Change 55% 60% 40% 35% 45% 30% 21% 15% 3% 0% -15% -5% -7% -15% -30% -27% -45% NIBC ABN KBC ING Sensirion Elkem Energean B&S DWS Performance since NIBC IPO 12

Analyst coverage NIBC is building its analyst coverage  NIBC share is covered by six analysts, three are with Dutch institutions, and three are with international banks  5 analysts initiated coverage at IPO; one started following us since beginning of April  Recently we held a broader analyst briefing in London  H1 2018 results were above consensus Overview of analyst recommendations Recommendation Target price Date Morgan Stanley Buy € 10.80 31-Aug-18 Deutsche Bank Buy € 11.00 31-Aug-18 ABN AMRO Buy € 9.30 11-Sep-18 ING Buy € 10.00 30-Aug-18 Citigroup Buy € 10.00 29-Aug-18 Kempen Hold € 8.50 29-Aug-18 *Animated GIF in live presentation 13 13