Banco Santander Chile : 1Q21 Earnings Webcast

1Q21 Results

April 30, 2021

Important information

Banco Santander Chile caution that this presentation contains forward looking statementswithin the meaning of the US Private Securities Litigation Reform Act of 1995. These forward looking statements are found in various places throughout this presentation and include, without limitation, statements concerning our future business development and economic performance. While these forward looking statements represent our judgment and future expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to: (1) general market, macro-economic, governmental and regulatory trends; (2) movements in local and international securities markets, currency exchange rates, and interest rates; (3) competitive pressures; (4) technological developments; and (5) changes in the financial position or credit worthiness of our customers, obligors and counterparties. The risk factors and other key factors that we have indicated in our past and future filings and reports, including those with the Securities and Exchange Commission of the United States of America, could adversely affect our business and financial performance.

Note: the information contained in this presentation is not audited and is presented in Chilean Bank GAAP which is similar to IFRS, but there are some differences. Please refer to our 2019 20-F filed with the SEC for an explanation of the differences between Chilean Bank GAAP and IFRS. Nevertheless, the consolidated accounts are prepared on the basis of generally accepted accounting principles. All figures presented are in nominal terms. Historical figures are not adjusted by inflation. Please note that this information is provided for comparative purposes only and that this restatement may undergo further changes during the year and, therefore, historical figures, including financial ratios, presented in this report may not be entirely comparable to future figures presented by the Bank.

2 2

AGENDA

MACRO & COVID-19 UPDATE

SAN CHILE: BALANCE SHEET AND RESULTS

SAN CHILE: STRATEGIC INITIATIVES UPDATE

3 3

Macroeconomic environment

Despite recent surge in contagions, successful vaccination strategy reduces downside risks

New contagions and population under lockdown

8000	Population uder full or partial	100
	lockdown (%) - rhs
7000	New cases (weekly average)
					80
6000
5000					60
4000
3000					40
2000
					20
1000
0					0
Jun-20	Aug-20	Oct-20	Dec-20	Feb-21	Apr-21

People vaccinated

(% of target population)

60%

Two jabs One jab

40%

20%

0%

01-02-202101-03-202101-04-2021

		People vaccinated
		(Every 100 inhabitants, April 25th)
Israel		62.2
Reino Unido		49.6
Estados Unidos			41.9
Chile			41.6
Canadá		29.2
Singapur		23.3
Alemania		23.3
Bélgica		23.2
España		22.3
Dinamarca		20.8
Italia		20.8
Suecia		20.7
Francia		20.6
Suiza		16.8
Argentina		13.9
Brasil		12.6
México		9.3
Colombia		5.9
Corea del Sur		4.4
Nueva Zelanda		2.9
Perú		2.6
Japón		1.5
Australia		0.6

4 4

Macroeconomic environment

GDP to grow 6.5% in 2021 driven by investment, consumption & exports

GDP growth

Terms of Trade

Annual growth %

6.5

3.5

1.1

-5.8

Index 2013 = 100

106

98

124

119

111

103 102

2019

2020 (e)

2021 (f)

2022 (f)

Investment

Fixed capital formation, annual variation, %

12.5

4.4	3.0

-11.5

2019

2020

2021 (f)

2022 (f)

2016

2017

2018

2019

2020

2021 (f)

2022(f)

Consumption

Annual variation, %

7.5

4.2

0.8

2019	-6.9	2021 (f)	2022 (f)
2020
			5	5

Source: Banco Central de Chile and Santander Chile estimates