Banco Santander Chile : 1Q21 Fixed Income - Jun 2021

Banco Santander Chile

Results and Strategy Update

June 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 2020 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 & COVID-19 UPDATE

SAN CHILE: LEADING BANK

SAN CHILE: BALANCE SHEET

SAN CHILE: STRATEGIC INITIATIVES UPDATE & RESULTS

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Macroeconomic environment

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

New contagions and population under

People vaccinated in Chile

lockdown			80	(% of target population)
			One jab	Two jabs
8000	Population uder full or	100	60
	partial lockdown (%) - rhs		40
7000	New cases (weekly average)
		80	20
6000
			0
5000		60	ene-21	feb-21	mar-21	abr-21	may-21	jun-21
				People vaccinated
4000				(Every 100 inhabitants, June 1st)
		40	Israel					63.0
3000		Canadá					59.0
		Reino Unido					58.3
			Chile					56.6
			Estados Unidos				50.5
2000			Alemania				45.1
		Bélgica			41.4
		20	Italia			40.0
		España			39.4
1000			Singapur			39.0
		Francia			38.8
			Dinamarca			38.1
			Suecia			37.3
			Suiza			35.4
0		0	Argentina			22.0
	Brasil			21.9
			México		17.6
			Australia		15.5
			Colombia		13.9
			Corea del Sur		13.2
			Nueva Zelanda	9.0		4
			Japón	8.7
			Perú	8.5
Source: Banco Central de Chile and Santander Chile estimates

Macroeconomic environment

Constitutional Convention: Strong showing for Independents

Participation: 43.4% 6,467,978 votes/ 14.9 million signed up

Political system

Social rights

Subsidiary role of the state

Autonomous bodies of the state

24%	16%	18%	7%	17%	17%
Center	Center	Left
right	left
Traditional parties			Independents

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