Banco Santander Chile : Equity Presentation September 2020

Banco Santander Chile

Results / Strategy

Update

September 2020

Important information

Banco Santander Chile caution that this presentation contains forward looking statementswithin the meaning of the US Private Securities Litigation Reform Act of 1995. These forward looking statements are found in various places throughout this presentation and include, without limitation, statements concerning our future business development and economic performance. While these forward looking statements represent our judgment and future expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to: (1) general market, macro-economic, governmental and regulatory trends; (2) movements in local and international securities markets, currency exchange rates, and interest rates; (3) competitive pressures; (4) technological developments; and (5) changes in the financial position or credit worthiness of our customers, obligors and counterparties. The risk factors and other key factors that we have indicated in our past and future filings and reports, including those with the Securities and Exchange Commission of the United States of America, could adversely affect our business and financial performance.

Note: the information contained in this presentation is not audited and is presented in Chilean Bank GAAP which is similar to IFRS, but there are some differences. Please refer to our 2019 20-F filed with the SEC for an explanation of the differences between Chilean Bank GAAP and IFRS. Nevertheless, the consolidated accounts are prepared on the basis of generally accepted accounting principles. All figures presented are in nominal terms. Historical figures are not adjusted by inflation. Please note that this information is provided for comparative purposes only and that this restatement may undergo further changes during the year and, therefore, historical figures, including financial ratios, presented in this report may not be entirely comparable to future figures presented by the Bank.

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AGENDA

COVID19: REGULATORY & MACRO UPDATE

SAN CHILE: BALANCE SHEET AND RESULTS

SAN CHILE: STRATEGIC INITIATIVES UPDATE

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Macroeconomic environment

A gradual re-opening of the economy has commenced

New cases and ICU patients		Lethality rate

(7-day rolling average)					(% Total deaths/ Total cases, as of July 28)
350					2500	United Kingdom	15.2
300						Belgium	14.8
					Italy	14.2
	New cases (per			2000	France	13.7
250			Mexico	11.1
mill.)					Spain	10.1
						Canada	7.7
					1500	Sweden	7.2
200	ICU patients (rhs)			Switzerland	5.7
			Peru	4.7
						Denmark	4.4
150						Germany	4.4
				1000	Poland	3.8
					Brazil	3.6
100						US	3.4
					Colombia	3.4
					500	Japan	3.1
50					Chile	2.6
					Czechia	2.4
						South Korea	2.1
0					0	New Zealand	1.4
				Australia	1.1
Mar-20	Apr-20	May-20	Jun-20	Jun-20	Jul-20	Singapore	0.1

Positivity rates

People under quarantine

(7-day rolling average)
50	Metropolitan Region					12000		Met. Region
										10515	10609
					10000		Other regions
40
National							Total			9122
30								8000		8262	7832
20								6000		5507
10							11,2	4000
						10,0
								2000
0
Apr-20	Apr-20	May-20	May-20	Jun-20	Jun-20	Jul-20	Jul-20	0
								Mar-20	Apr-20	May-20	May-20	Jun-20	Jul-204	Jul-20

Source: John Hopkins University, Ministry of Health (Chile) and Santander