Earnings Presentation

3rd quarter 2022 (3Q22)

Nov 11th, 2022

POSITIVE RESULTS IN THIRD QUARTER OF 2022 (*)

Business income has increased compared to the third quarter of 2021. Cost reduction programs also achieved positive results. Financial income was more than enough to overcome inflation adjustment.

ARS Millions

Historical

Adjusted by inflation

3Q21

3Q22

3Q21

3Q22

CSD

684.6

1,034.9

1,303.6

1,098.5

Exchange

752.3

1,524.4

1,417.6

1,624.8

Other operating income

-

23.7

3,114.1

-

107.7

3,622.9

Revenues

1413.1

5673.5

2613.5

6346.2

Inflation adjustment impact

-

-

-

3,797.4

-

6,949.0

Total expenses

-

943.4

-

1,439.2

-

1,942.1

-

1,657.0

Financial income

1,130.5

4,357.6

2,191.3

4,455.2

Other gain/loss

-

17.4

-

31.6

11.1

7.7

Participation in other companies

8.5

111.0

9.5

7.9

Income tax

-

167.8

-

765.9

-

195.2

-

551.6

Net income

1,423.6

7,905.3

- 1,109.2

1,659.3

(*) This slide is the only one showing inflation adjusted figures. The rest of the presentation shows historical data.

2

CSD BUSINESS: ASSETS UNDER CUSTODY ACCELERATE THEIR GROWTH

Assets under custody (AUCs, 3Q22 average), measured at face value are recovering from their drop in June 2022, originated in the Central Bank (BCRA) repurchase program, although still not reaching the highest levels of the year.

AuCs valued at market prices (3Q22 average) experienced an increase in the values compared to 2Q22, reaching the highest levels of the year.

AuCby asset class

6%

Public Debt

12%

Treasury and Central bank

bills

40%

Trusts

Equity

24%

Private Debt

Others

2%

16%

AuC Nominal Value - Quarterly evolution

3,314,371

AuC Market value - Quaterly evolution

Millions

12,645,311

+28%

ARS Millions

3,155,627

+62%

2,582,514

9,745,906

2,195,524

7,796,950

2,040,280

1,606,582

6,195,235

6,200,051

3,799,752

1Q 20

2Q 20

3Q 20

4Q 20

1Q21

2Q21

3Q21

4Q21

1Q22

2Q22

3Q22

1Q 20

2Q 20

3Q 20

4Q 20

1Q21

2Q21

3Q21

4Q21

1Q22

2Q22

3Q22

3

CSD BUSINESS: REVENUES SHOWING MAXIMUM GROWTH IN 2022

CSD revenues were ARS 1.035 millions resulting in a 51% YoY growth, and 14,5% against 2Q22. This quarter shows an acceleration compared with a 40,1% YoY growth in 2Q22.

3Q 21

3Q 22

YoY $

YoY %

CSD (ARS Millions)

684.6

1,034.9

350.3

51.2%

ADC Services

508.1

746.1

238.0

46.8%

ACRyP Services

12.9

18.0

5.1

39.5%

Additional services

163.6

270.7

107.1

65.5%

All CSD revenue lines increased when compared to 3Q21, with Additional Services standing out, which accounted for two-thirds of the YoY increase, mainly due to the fees on foreign securities payment and the first impact of the increase in registry fees.

CSD Revenues

ARS Millions

1,035

904

271

780

202

702

18

645

685

644

200

16

584

164

168

139

166

14

477

456

487

156

13

13

11

12

100

96

11

93

9

746

10

10

686

493

468

508

521

566

367

381

417

353

1Q 20

2Q 20

3Q 20

4Q 20

1Q 21

2Q 21

3Q 21

4Q 21

1Q 22

2Q 22

3Q 22

Additional services

ACRyP services

ADC services

4

EXCHANGE BUSINESS: REVENUES GROW STRONGLY DUE TO INCREASED ACTIVITY

Exchange business revenues (ARS 1.524 millions) grew 103% YoY and 58% against the previous quarter. It is the fourth consecutive quarter in which exchange business revenues exceeds those of the CSD. Equity trading continues to be the main explanatory variable.

Exchange Revenues

1,524

ARS Millions

+103%

84

874

885

966

70

51

752

44

1,346

641

35

564

581

523

27

449

22

24

10

817

765

759

12

307

656

492

496

553

9

469

398

261

37

39

44

50

61

61

61

65

75

79

94

1Q 20

2Q 20

3Q 20

4Q 20

1Q 21

2Q 21

3Q 21

4Q 21

1Q 22

2Q 22

3Q 22

Market Data

Trading C&S fees

Other fees

Exchange Revenue Share

0.1%

6.0%

5.4%

Equity

0.2%

Fixed income

3.4%

On-exchange repo

50.5%

Options

15.5%

Futures

Securities lending

18.9%

Market Data

Others

3Q 21

3Q 22

YoY $

YoY %

EXCHANGE (ARS Millions)

752.3

1,524.4

772.2

102.6%

Trading C&S fees

656.2

1,346.4

690.2

105.2%

Market Data

60.9

94.0

33.1

54.4%

Other fees

35.2

84.1

48.9

138.8%

The different asset classes reflected similar growth rates in their traded values. ​

5

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Bolsas y Mercados Argentinos SA published this content on 10 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2022 23:09:12 UTC.