Banca Generali S p A : IR Company Profile

COMPANY PROFILE

MARCH 2021

AGENDA

Our Vision:

To Be the No.1 Private Bank unique by Value of Service, Innovation and Sustainability

Italian Household Wealth, FA networks and Banca Generali

Banca Generali at a glance

Key strategic pillars

Financial results in perspective

2

SNAPSHOT ON ITALIAN HOUSEHOLD WEALTH

A WEALTHY COUNTRY FROM AN HOUSEHOLD STANDPOINT

Italian Total Net Household Wealth, €/trillion														Breakdown of Italian financial wealth, '000 bn/€
9.4	9.5	9.5	9.5	9.7	9.7	9.7	9.7	9.6	9.8	9.6	9.8	9.8		Insurance, Pension	Others
	funds, Severance
																																		Indemnity fund	0.1	Current
			3.8	3.7	3.6	3.8	4.0	4.1	4.2					4.4			4.4	4.4				accounts
3.8	4.2	4.2		1.2
																																		1.5
																																			Total «investible
																																			assets»
																																			3.5
6.5	6.6	6.7	6.8	6.8	6.6	6.5	6.4	6.3	6.3	6.3	6.3	6.3
																																			0.2
																																			0.9	Bonds
																																		Listed and non-listed	0.5
-0.9	-0.9	-0.9	-0.9	-0.9	-0.9	-0.9	-0.9	-0.9	-0.9	-0.9	-0.9	-0.9
	equities and
																																		participations	Mutual funds
2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019		9M20
						Financial debt				Real-estate assets				Financial assets

3	Source: Bank of Italy data as of 30.09.2020	3

FA NETWORKS (ASSORETI) 1/2

FA ASSETS TRIPLED IN THE LAST 10 YEARS

Financial Assets managed by FAs (Assoreti), bn/€

		New entrants											667	•	The FA sector
		ISPB									620		manages
								519	514		40
							434	471		38					€667bn assets,
									115
							101	99	112
											representing
						315	89	93
236		257	279
231											15% of total
				417	415	470		512
							345	378				Italian financial
																		household
2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020		assets (up from
																		6.4% in 2010)

• FA growth is

Market Shares (FAs sector assets as % of tot. Italian Financial assets), %accelerating in current business

environment

							11.8%	12.2%	14.1%	15.2%	leveraging on a
					10.3%	11.2%		more flexible
6.4%	6.4%	6.8%	7.0%	7.7%
						client service
											and wide range
											of IT tools
2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020e

4 Source: Assoreti data as of 31.12.2020 and Bank of Italy data as of 30.09.2020

FA NETWORKS (ASSORETI) 2/2

HIGH CONCENTRATION AS SIZE MATTERS

Ranking by asset size, bn/€

19.8%

17.3%

12.5%	11.9%
132.2	11.0%
115.4
		8.4%
83.3	79.6	6.8%
	73.3
		56.3	3.5%
		45.2
			23.6

2.4%	1.6%	1.5%	1.1%	1.0%
	0.9%
15.7	11.0		0.2%
10.3	7.4	6.7	5.8
	1.4

5 Source: Assoreti (Association of Italian Financial Advisors)