Banco Santander Chile : Goldman Sachs Conference 2021 Presentation

Banco Santander Chile

Results/ Strategy

Update

January 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.

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AGENDA

MACRO & COVID19 UPDATE

SAN CHILE: BALANCE SHEET AND RESULTS

SAN CHILE: STRATEGIC INITIATIVES UPDATE

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Macroeconomic environment

Transition to new normal began during the third quarter

Strategy for reopening

Stages

1 Quarantine	2 Free mobility	3	•Free mobility	4	•Theaters and	5 Theaters and
Stage	Stage	Monday through	Stage	whole week	Stage	cinemas with	Stage	cinemas with
Friday	Max 10 people in	25% capacity	75% capacity
		Shops and malls		social gatherings				•Pubs, gyms at
		open to public							50% capacity
		Restaurants only						•Max 150 people
		delivery or							in social
		outdoor tables							gatherings
		1 to 2	2 to 3	3 to 4		4 to 5		5 to full
									opening
Regional ICU beds		≤90%	≤85%	≤85%		≤80%		≤80%
National ICU beds		≤85%	≤85%	≤80%		≤80%		≤80%
Comunal R_e		≤1	≤1	≤1		≤1		≤1
Regional trend in		Decrease for	Decrease	≤50 per	≤25 per		≤1 per 100,000
contagions		3 weeks	for 2 weeks	100,000	100,000		inhabitants
					inhabitants	inhabitants
Positivity rate		≤15%	≤10%	≤10%		≤5%		≤1%
Isolated cases within		≥80%	≥80%	≥80%		≥80%		≥80%
48 hrs
% new contagions		Doesn't	Doesn't	≥60%		≥60%		≥60%
from traceable cases		apply	apply

Population under different stages

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

0%

15-jun15-jul15-ago

15-sep15-oct15-nov

15-dic

Stage 1

Stage 2

Stage 3

Stage 4

Stage 5

Source: Ministry of Health, INE and Santander

Liquidity injections to households

(US$ mills)

13,354

Pension Fund Withdrawals

11,046

IFE

Middle Class Cash Transfer

5,108

244

584

1,321

1,136

Jun Jul Aug Sep Oct Nov Dec