Credit Agricole S A : Presentation to the press

2024 FIRST QUARTER RESULTS

WORKING EVERY DAY IN THE INTEREST

OF OUR CUSTOMERS AND SOCIETY

Agir chaque jour dans l'intérêt de nos clients et de la société

PHILIPPE BRASSAC

FIRST QUARTER 2024 RESULTS

"For the third time in a row, the financial ambitions of our Medium-Term Plan will be achieved one year ahead of

schedule, i.e. by the end of 2024"

A DISTINCTIVE MODEL BASED ON GLOBAL RELATIONSHIPS

A development model based on global customer

relationships, for each of our domestic markets...

(example for individual customers)

...and innovative world-leading business lines to serve

them

LARGE

CUSTOMERS

SPECIALISED

FINANCIAL

SERVICES

ASSET

GATHERING

INSURANCE

PAYMENT

INSTRUMENTS

NEW

BUSINESS

LINES

THE GROUP IS CONTINUING ITS DEVELOPMENT

+11.2%

Net income Group share

Net income Group share

Crédit Agricole S.A. revenues (1) (in €bn)

Crédit Agricole Group

Crédit Agricole S.A.

6.8

€2.4bn

€1.9bn

5.9

6.2

+42.8% Q1/Q1

+55.2% Q1/Q1

5.5

+6.1% excl. SRF

+13.3% excl. SRF

4.9

5.1

Revenues

Revenues

4.8

4.9

Crédit Agricole S.A.

Crédit Agricole Group

€9.5bn

€6.8bn

+6.7% Q1/Q1

+11.2% Q1/Q1

Q1-17Q1-18

Q1-19Q1-20Q1-21Q1-22Q1-23Q1-24

Continued growth potential of the Universal Banking model

	RB: +0.5 pt; 43.4%	Partnerships	Acquisitions
512,000
LCL: +0.4pt; 27.8%
new customers	CA Italy: +2.0 pts; 19.3%
in Q1-24(2)	Change in the equipment rate for Property
	and Casualty Insurance (vs Q1 23)

1. Underlying revenues
2. Customer capture

OUTLOOK FOR 2024 RESULTS

A YEAR AHEAD OF THE AMBITIONS 2025 MTP

Underlying net income Group share of Crédit Agricole S.A. vs MTP target

€bn

> €6bn > €6bn

€5.4bn	> €5bn

€4.6bn >

€3.2bn(1)€4.2bn

2016

2019

MTP 2020

2021

MTP 2022

2024e

MTP 2025

1. Proforma the capital simplification operation (Eurêka)

RESULTS SERVING OUR CUSTOMERS AND SOCIETY

• protective model for all Customers...

• focused on the Economy
  and the Regions

• Borrowers: #1 home lender in France
• • €494bn in home loans outstanding at end-March 2024 (market share: 32.6% at end-2023)
  • A protective fixed-rate model
  • Promoting home ownership (interest-free loan market share: 42%)
  • Support for energy-efficient home renovation (eco-interest-free loan market share: 39%)
• Savings: protection and interest
• • Regulated savings; enhanced home purchase savings plans (RB); No. 1 distributor of LEP savings accounts
• #1 Provider of financing to the economy: €872bn loans outstanding in retail banking
• €7.8bn in tax and social security contributions for the Group in 2023
• Three-quartersof the results retained and reinvested in the regions
• #1 Private employer in France

IN SUPPORT OF THE ENERGY TRANSITION

A transition plan based on three complementary and well-structured priorities:

• Ramping up the roll-out of renewable and low-carbon energy by focusing our financing on renewable and low- carbon energy projects

• As a universal bank, supporting a transition for everyone: the equipment of all corporates and households

• Organising our own exit from the financing of carbon energy

Financing low-	Renewable energy
carbon energies (1)	installed capacity

+80%	+14%
2023/2020
€19.7bn	2023/2022
31/12/2023	13.5 GW (2)
	31/12/2023

Green loans	Share of electric
+43%	vehicles (4)
1/4		NET ZERO
March 24/Dec. 22		TRAJECTORIES
€17.7bn (3)	Among the new	AgilAuto	IN LINE WITH
2030 TARGET
March 2024	vehicles financed in	Partage
	2023

1. Low-carbonenergy outstandings made up of renewable energy produced by the customers of all Crédit Agricole Group entities, including nuclear energy outstandings for Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB)
2. Renewable energy production capacity financed by the CAA Group through its investments - at the end of 2023
3. Outstanding green loans at end-March 2024 - Crédit Agricole CIB
4. Hybrid or electric vehicles financed by CA Consumer Finance

Agir chaque jour dans l'intérêt de nos clients et de la société

Jérôme Grivet

FIRST QUARTER 2024 RESULTS

"A record first quarter".

8

FIRST QUARTER 2024 RESULTS

KEY FIGURES

CRÉDIT AGRICOLE GROUP	1ST QUARTER 2024	CRÉDIT AGRICOLE S.A.	1ST QUARTER 2024

Net income Group share

stated

Revenues

stated

GOI

stated

Cost/income	58.8%
ratio
-0.2 pp Q1/Q1
underlying (1)
CET 1	17.5%
Phased-in	Stable Q1/Q4

2 384 m€

+42,8% T1/T1

9 525 m€

+6,7% T1/T1

3 936 m€

+30,4% T1/T1

25 bp

Stable Q1/Q4

€476bn

+7.0% Q1/Q4

(+6.1% excl. SRF)

(+8.0% excl. SRF)

CoR/outstandings 4 rolling quarters

Liquidity reserves

31/03/2024

Net income Group share

stated

Revenues

stated

GOI

stated

Cost/income	53.7%
ratio
-0.4 pp Q1/Q1
underlying (1)
CET 1	11.8%
Phased-in	Stable Q1/Q4

1 903 m€

+55,2% T1/T1

6 806 m€

+11,2% T1/T1

3 137 m€

+37,6% T1/T1

33 bp

Stable Q1/Q4

16.3%

+1.9 pp Q1/Q1

(+13.3% excl. SRF)

(+12.3% excl. SRF)

CoR/outstandings 4 rolling quarters

ROTE

Underlying (2)

1. Underlying data, details of specific items available on page 37 and 66; Q1/Q1 change excl. SRF
2. Underlying ROTE calculated on the basis of underlying net income Group share and linearised IFRIC costs over the year

9

FIRST QUARTER 2024 RESULTS

END OF THE SINGLE RESOLUTION FUND BUILD-UP PERIOD

CRÉDIT AGRICOLE S.A.

CRÉDIT AGRICOLE GROUP

€3.9bn in contributions to the SRF, between 2025 and 2023

i.e. 7% of deposits in Europe (€77Bn)

€3.3bn

Impact on expenses

€0.6bn IPC(1)

€4.8bn in contributions to the SRF,	€4.9bn
Impact on
between 2025 and 2023	expenses
i.e. 6,2% of deposits in Europe

€0.8bn IPC (1)

€509m expenses in 2023

€620m expenses in 2023

(1) Irrevocable payment commitment

10

FIRST QUARTER 2024 RESULTS