Grupo Supervielle S A : AR Partners Webinar Presentation

This presentation contains certain forward-looking statements increase in the allowances for loan losses, (xi) technological that reflect the current views and/or expectations of Grupo changes or an inability to implement new technologies, Supervielle and its management with respect to its (xii) changes in consumer spending and saving habits, (xiii) the performance, business and future events. We use words such ability to implement our business strategy and (xiv) fluctuations as "believe," "anticipate," "plan," "expect," "intend," "target," in the exchange rate of the Peso. The matters discussed herein "estimate," "project," "predict," "forecast," "guideline," "seek," may also be affected by risks and uncertainties described from "future," "should" and other similar expressions to identify time to time in Grupo Supervielle's filings with the U.S. forward-looking statements, but they are not the only way we Securities and Exchange Commission (SEC) and Comision identify such statements. Such statements are subject to a Nacional de Valores (CNV). Readers are cautioned not to place number of risks, uncertainties and assumptions. We caution undue reliance on forward-looking statements, which speak you that a number of important factors could cause actual only as the date of this document. Grupo Supervielle is under results to differ materially from the plans, objectives, no obligation and expressly disclaims any intention or obligation expectations, estimates and intentions expressed in this to update or revise any forward-looking statements, whether as release. Actual results, performance or events may differ a result of new information, future events or otherwise. materially from those in such statements due to, without Statements about the effect of the Covid-19 pandemic on the limitation, (i) changes in general economic, financial, business, firm´s business results,, financial position and liquidity as well political, legal, social or other conditions in Argentina or as on Argentina and worldwide economies are subject to the elsewhere in Latin America or changes in either developed or risk that the actual impact may differ, possibly materially, from emerging markets, (ii) changes in regional, national and what is currently expected. Unless otherwise indicated, all international business and economic conditions, including financial information of our company included in this inflation, (iii) changes in interest rates and the cost of deposits, presentation is stated in terms of the measuring unit current at which may, among other things, affect margins, (iv) the end of the reporting period.

unanticipated increases in financing or other costs or the inability to obtain additional debt or equity financing on attractive terms, which may limit our ability to fund existing operations and to finance new activities, (v) changes in government regulation, including tax and banking regulations,

(vi) changes in the policies of Argentine authorities, (vii)

adverse legal or regulatory disputes or proceedings, (viii) competition in banking and financial services, (ix) changes in the financial condition, creditworthiness or solvency of the customers, debtors or counterparties of Grupo Supervielle, (x)

Macro & IndustryTrends

SUPVHighlights

Q&A

Macro & IndustryTrends

CHALLENGING MACRO FURTHER IMPACTED BY COVID-19

Favorable external conditions could help in 2021

Favorable base effect and better external conditions may help in 2021….

170

jun.-17

Economic Indicator (MoM var)Industrial Production

120

70

feb .-18

oct.-18

jun.-19

feb .-20

Source Indec. Base 2004. Industrial Production as of December 20, Economic Indicator as of November 20 .

oct.-20

… putting pressure on recent monthly inflation and in expected inflation for 2021 …..

…while Government showing signals of fiscal restraint for 2021…

Fiscal Deficit / GDP [%]

-4.5

-6.4

Jan Feb Mar Apr May JunJul AugSep Oct NovDec 2021 ( e)

Source: Company Estimates based on Minister of Economy Information 2021 ( e ): Budget. Ministry of Economy

…while the gap of the Blue Chip Swap rate vs the FX rate continued at a high level……

…fiscal deficit financed by higher monetary expansion and issuance of treasury bonds in the internal market…

2.425 2.582

Jan Feb Mar Apr May Jun July Aug Sep Oct Nov Dec Ene

Monetary Base

Source: BCRA

YoY avg growth

21

….and interest rates remained unchanged and set by the Central Bank…

52,9 50,3

YoY InflationMonthly Inflation

JanMarMayJul ySepNov

2021 (e)

Source: Monthly Inflation - INDEC, REM BCRA January 2021

170,0

150,0

130,0

110,0

90,0

70,0

50,0

FMAM

As of February 9, 2021 Source: BCRA, Bloomberg

JJASONDJFJFMAM

Dec 30, 19 - Feb 5, 21 Source: BCRA

JJASONDJF

INDUSTRY LOANS EVOLUTION

AR$ system loan demand expanded slightly above inflation in 4Q due to increase in credit cards and in loans at subsidized rates

Loans to Private Sector[AR$ Bill. in Nominal terms]

+21%

3Q19

4Q19

Loans to Private Sector

1Q20

SUPV loans (AR$ Bn)

Loans to Private Sector[Original Currency]

AR$ Loans[in AR$ Bn. in Original Currency]

3Q20

3Q19

4Q19

AR$ Loans

1Q20

2Q20

Supv AR$ Loans…%QoQ or MoM variation

2Q20

3Q20

4Q20

Jan 2 1

U$S Loans[in US$ Bn.]

-47%

-56%

4Q20

Jan 2 1

4Q19

3Q19

U$S LoansSupv U$S Loans

1Q20

2Q20

3Q20

4Q20

Jan 2 1

INDUSTRY DEPOSITS EVOLUTION

AR$ system deposits slightly below inflation in 4Q20, while US$ deposit outflows continued. High liquidity levels in both currencies

Private Sector Deposits[AR$ Bill. in Nominal terms]

Jan 2 1

3Q19

4Q19

1Q20

Total Deposits

2Q20

3Q20

Private Sector Deposits[Original Currency]

4Q20

AR$ Deposits[in AR$ Bn. in Original Currency]

4Q19

3Q19

1Q20

AR$ Deposits

2Q20

Supv AR$ Deposits

…%QoQ or MoM variation

Private Banks Deposits - Private Sector[%]

1Q20

2Q20

3Q20

OctNov

Checking AccountsSaving AccountsTime Deposits

U$S Deposits[in US$ Bn.]

3Q20

4Q20

Jan 2 1

3Q19

4Q19

1Q20

U$S Deposits

Supv U$S Deposits

2Q20

3Q20

4Q20

Jan 2 1

INDUSTRY TRENDS IN NFM AND PROFITABILITY

NFM, ROAE & ROAA decreasing from 2Q20 peak.

Net Financial Margin

1Q20

2Q20

3Q20

Adjusted Financial Margin

Adjusted Financial Margin / Average Assets

Oct

Adjusted Financial Margin / Avg. Balance of Interest Earning Assets

24,8

Nov

SUPV Adj Financial Margin / Avg.

• 20,9Interest earning

  Assets

• 16,5SUPV Adj Financial

  15,0

  16,9

  Margin / Avg. Assets

ROAA & ROAE[%]

Private Banks

26,8

2,0-0,3

1Q20

ROAA

2Q20

3Q20

Oct - Nov

ROAE

18,70

1Q20

SUPV ROAE

SUPV ROAA

2Q20

3Q20

1Q20

2Q20

3Q20

Adjusted Financial Margin includes Results from Securities recorded in Other Comprehensive Income

Source: Argentina Central Bank. Monthly Bank Report as of November 2020

ROAE and ROAA calculated with Comprehensive Income

INDUSTRY TRENDS IN LLPs and Coverage

Coverage ratio continued to increase in October and November. LLP decreased

Coverage Ratio[%]

Loan Loss Provision[AR$]

abr.-20

86%

Private Banks

may.-20

jun.-20

jul.-20

ago.-20

sep.-20

oct.-20

nov.-20

SUPV

Source: Argentina Central Bank. Monthly Bank Report as of November 2020

1Q20

2Q20

3Q20

Oct

Nov

8

SUPVHighlights

3Q20 HIGHLIGHTS

Double digit ROAE, while increasing coverage and strengthening capital base

• •DeliveredPROFITABILITYdespite Covid-19 restrictions,01recessionary macro and changing regulatory framework.

• •Higher Badlar rate reduced spreads and negatively impacted NIM04•Regulatory controls drive lower Fees

• •StrongCOST CONTROLSsupports efficiency

• •INCREASED CAPITAL BASEwith Tier 1 Ratio of 14%, andMAINTAINED STRONG LIQUIDITYto navigate complex and changing environment

• •AcceleratingDIGITAL ADOPTION

• •Evolving ourSERVICE MODEL06•Expanding corporate business adding

  NEW VALUE CHAINS

Perspectives

Perspectives

Loans

An anticipated mild rebound in economic activity is expected to drive loan growth above inflation

Deposits

Increasing above inflation, fostered by FX market restrictionsand the floor on interest rate paid to time deposits

Asset Quality

A challenging macroeconomic scenario may result in a deterioration in NPLs in 1Q21-3Q21. Provisions could be revised upwards if conditions worsen

NIM

Short term NIM remains pressured by higher cost of funds due to floor on interest rates on time deposits and subsidized rates on loans

Operating Expenses

Salaries likely to grow with inflation, while incurring additional expenses related to acceleration of digital transformation. Impacted by i) higher rates in turnover tax, ii) CABA extension of turnover tax reach to Leliqs/Repos.

Fee Income

Regulations prohibit further repricing until February-March 2021. Some caps in place for 2021. Challenging economic scenario

Capital & Liquidity

Appropriate levels that support long-term sustainability

Q&A