BBVA : 2022 AGM Presentation - Chief Executive Officer

Onur Genç

CEO

Annual General Meeting 2022

2

The highest recurrent results in the past 10 years

RECURRENT NET ATTRIBUTABLE PROFIT1	5,069€M
(BILLION; CURRENT €)

					4.6	4.7	4.8
4.5
			3.8	3.9
	3.2							2.7
		2.6
2012	2013	2014	2015	2016	2017	2018	2019	2020	2021

4,653€M

INCLUDING NON-RECURRENT IMPACTS

1. For comparison purposes, recurrent Net Attributable Profit excludes one-offs within each year's business perimeter. In 2021, Net Attributable Profit excludes discontinued operations related to BBVA USA sale and the net cost related to the restructuring process in Spain.

Annual General Meeting 2022

3

Leading European efficiency and profitability

EFFICIENCY		ROE		ROA
Cost-to-Income		Return on Equity		Return on Assets

45.2% 11.4% 0.94%

		63.4%		6.6%		0.37%
European Peer Group Average

Ranking	#1 15	#3 15	#1 15
(among peer group: 15 largest European banks)

Note: BBVA's ROE y ROA exclude discontinued operations related to BBVA USA sale and the net costs related to the restructuring process in Spain. European peer group: BARC, BNPP, CASA, CMZ, CS, DB, HSBC, ISP, LBG, NWG, SAN, SG, UBS, UCG. Data as of 12M21.

Annual General Meeting 2022

4

Outstanding performance in all business areas

			NET ATTRIBUTABLE PROFIT			ANNUAL
			(2021)			GROWTH
							(CONSTANT €)
					1,581€M		+143%
SPAIN

		2,568	€M		+43	%
MEXICO

			740	€M		+71	%
TURKEY

			491€M		+23%
SOUTH AMERICA

	Strong core			Efficiency
	revenue growth			improvement

Operating		Risk
income		indicators
growing at		better than
double-digit		pre-COVID
		levels

Annual General Meeting 2022

5

Profit market share showing significant improvement in all of our markets

OPERATING INCOME - MARKET SHARE

Q4 2021 YOY VARIATION IN BPS (OVER PEER GROUP1)

SPAIN MEXICO

+674b		+547bp
ps
	s

PERU COLOMBIA

+236b

ps

+7bps

TURKEY

+243b

ps

ARGENTINA

+331b

ps

(1) Market share over main local peers.