Conference call

1Q 2021 Earnings review

Santiago, May 3rd, 2021

Gabriel Moura

Chief Executive Officer

Rodrigo Couto

Chief Financial Officer

Claudia Labbé

Head of Investor Relations

COVID-19

Updated

COVID-19 | 1Q 2021

Vaccine doses

Vaccination

14.8 mn Vaccine doses

12.6 mn Sinovac + 2.1 mn Pfizer

Total number of vaccination doses administered per 100 people in the total population

74.60 mn 1.09 bi

In Latin America

In the World

Chile

Colombia

8.1 mn

At least

< 6.7 mn

Both

with one

doses

dose

83% + 60 years old

14.62 mn

4.82 mn

76.47

9.27

Source: Chilean Ministry of Health, as of April 30, 2021 (https://informesdeis.minsal.cl/)

Strict lockdowns decreasing

As of April 29, <73% of the population in lockdown

100

90

80

70

60

50

40

30

20

10

0

Nevertheless, short-term pain is expected to pave the way for a significant economic reopening in the coming months as the vaccine rollout remains brisk

Israel

Chile

United States

United Kingdom

Brazil

28/07/20

28/08/20

28/09/20

28/10/20

28/11/20

28/12/20

28/01/21

28/02/21

28/03/21

28/04/21

Quarantine

Weekend lockdown

Restricted opening

Preliminary opening

Source: Chilean Ministry of Science, as of April 30, 2021 (https://github.com/MinCiencia/Datos-COVID19/)

Colombia

Source: Official data by Our World in Data, as of April 29, 2021.

3

COVID-19 | Additional Government actions

Ministry of Finance

Expansion of Covid fund by US$6.2 billion − 2 % of GDP

  • enhancing and extending the Family Emergency Income benefit
      • boosting support to the middle class
    • improving employment protection programs
      • enhancing support to SMEs

FOGAPE COVID-19 Credit Concession | Itaú vs. Banking System

Accumulated as of April 19, 2021

Itaú

Banking

% Itaú

System

Total (#)

3,246

71,709

Total (Ch$ mn)

267,798

2,378,374

11.3%

Central Bank of Chile

Third stage of the Credit Facility Conditional on Increased Lending (FCIC 3) − up to US$10 billion over a six-month period

Congress

Bill approved to expand benefits and uses of the Guarantee Fund for Small and Medium-SizedFirms (FOGAPE) to boost credit with state guarantees

Legislators approved a third 10% pension withdrawal

(a potential outlay of US$10 − 15 billion)

Itaú share in FOGAPE Reactiva is higher

than its total loan market share

4

Macro | Projections

GDP Growth - %

Interest Rates (EOP) - %

6.5

5.0

4.3

4.3

3.5

3.7

2.6

3.3

3.2

3.5

2.8

0.9

1.8

1.8

1.8

1.8

0.5

0.8

-5.8

-6.8

2018

2019

2020

2021(e)

2022(e)

2018

2019

2020

2021(e)

2022(e)

Chile

Colombia

Chile

Colombia

Inflation (CPI) - %

Exchange rates - CLP/USD & CLP/COP

3.8

880

0.26

3.2

3.0

3.0

3.0

3.0

3.0

830

0.25

2.8

2.6

780

0.24

730

0.23

1.6

680

0.22

0.21

630

0.20

580

0.19

2018

2019

2020

2021(e)

2022(e)

Chile

Colombia

CLP/USD

CLP/COP

Source: Central Bank of Chile, Central Bank of Colombia and Itaú's projections.(updated as of April 9, 2021).

5

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Itaú CorpBanca published this content on 03 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2021 14:52:05 UTC.