BNP Paribas : 3Q22 - Slides of the presentation

THIRD QUARTER 2022 RESULTS

3 November 2022

Disclaimer

The figures included in this presentation are unaudited.

This presentation includes forward-looking statements based on current beliefs and expectations about future events. Forward-looking statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future events, operations, products and services, and statements regarding future performance and synergies. Forward-looking statements are not guarantees of future performance and are subject to inherent risks, uncertainties and assumptions about BNP Paribas and its subsidiaries and investments, developments of BNP Paribas and its subsidiaries, banking industry trends, future capital expenditures and acquisitions, changes in economic conditions globally, in particular in the context of the Covid-19 pandemic, or in BNP Paribas' principal local markets, the competitive market and regulatory factors. Those events are uncertain; their outcome may differ from current expectations which may in turn significantly affect expected results. Actual results may differ materially from those projected or implied in these forward-looking statements. Any forward-looking statement contained in this presentation speaks as of the date of this presentation.

BNP Paribas undertakes no obligation to publicly revise or update any forward-looking statements in light of new information or future events. It should be recalled in this regard that the Supervisory Review and Evaluation Process is carried ort each year by the European Central Bank, which can modify each year its capital adequacy ratio requirements for BNP Paribas.

The information contained in this presentation as it relates to parties other than BNP Paribas or derived from external sources has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. Neither BNP Paribas nor its representatives shall have any liability whatsoever in negligence or otherwise for any loss however arising from any use of this presentation or its contents or otherwise arising in connection with this presentation or any other information or material discussed.

The sum of values contained in the tables and analyses may differ slightly from the total reported due to rounding.

Photo credits (cover page): Getty Images © piranka, Adobe Stock © VOJTa Herout, Adobe Stock © Maria_Savenko, Adobe Stock © pikselstock

Unless otherwise mentioned, the financial information and items contained in this announcement include the activity related to BancWest reflecting an operational view. Such financial information and items therefore do not reflect the effects produced by applying IFRS 5, which pertains to non-current assets and liabilities held for sale. The press release pertaining to the 3Q22 and 9M22 results includes in appendix a reconciliation between the operational view presented without applying IFRS 5 and the consolidated financial statements based on an application of IFRS 5.

Third quarter 2022 results | 2

3Q22: A solid performance

Revenue growth, positive jaws effect and prudent risk management

Strong growth in revenues, supported by all divisions

• Strong increase in Corporate & Institutional Banking (+5.9%)
• Solid growth in Commercial, Personal Banking & Services1 (+9.6%)
• Strong rise in Investment & Protection Services (+8.9%)

Positive jaws effect (+2.0 points)

Prudent, proactive and long-term risk management reflected in low cost of risk

Very good level of net income5

Robust balance sheet

Increase in profitability (ROTE2: 11.4%)

Revenues: +8.0% vs. 3Q21

Operating expenses: +6.0% vs. 3Q21

(at constant scope and exchange rates)

Revenues: +4.9% vs. 3Q21

Operating expenses: +2.8% vs. 3Q21

Underlying cost of risk3

31 bps4

Net income5

3Q22: €2,761m (+10.3% vs. 3Q21)

CET1 ratio: 12.1%6

1. Including 100% of Private Banking in Commercial & Personal Banking (including PEL/CEL effects in France); 2. Return on tangible equity non revaluated, see slide 81;

3. Excl. the exceptional impact of the "Act on assistance to borrowers" in Poland accounted in cost of risk, 39 bps including this impact; 4. Cost of risk / customer loans outstanding at the beginning of the period;

5. Group share; 6. See slide 15

Third quarter 2022 results | 3

Solid 3Q22 results driven by the strength of BNP Paribas' model

	Strong growth in results		Balanced and diversified performance
	€bn	CAGR: +4.1%					3Q22 pre-tax income
				+8.0%			of divisions1
									Commercial &
								CIB		30%
								33%	Personal Banking
					12.3
	10.9	10.9	11.4						15%	21%
							Specialised
											Businesses
	3Q19	3Q20	3Q21	3Q22

Strong operational performance

€Operating expenses

Organic Inflation

Jaws effect (3Q22): +2.0 pts

growth

+2.7%

•

CIB: +1.4 pts

Forex

+2.1%

+2.7%

-2.1%

•

2

Other

CPBS : +2.6 pts

Scope

(o/w recurring

•

IPS: +4.2 pts

+0.6%

savings)

3Q21

3Q22

1. As a % of pre-tax income of operating divisions, including 2/3 of Private Banking in Commercial & Personal Banking; 2. Including 100% of Private Banking (including PEL/CEL effects in France)

Third quarter 2022 results | 4

A potential for growth strengthened within BNP Paribas' diversified and integrated model

Acceleration in organic growth	Targeted investments	Bolt-on acquisitions
(technologies & innovative business
in value-added businesses
	models)

Achievements as soon as 2022 consolidating the integrated and diversified model

Equities (prime brokerage and Exane - CIB), Buy Now Pay Later and e-commerce (Floa - CPBS), automated currency risk management (Kantox - CPBS and CIB)

Private debt (Dynamic Credit Group - Asset Management), long-term leasing (Terberg Business Lease Group in the Netherlands - Arval), auto loans (partnerships with Stellantis and Jaguar Land Rover - Personal Finance)

Consolidation of bpost bank and addition of a distribution channel (CPBB)

Objective of >€1.4bn in annual revenues generated in 2022 by these acquisitions and partnerships Objective of ~€2.0bn on a full year basis with their ramp up

Supported by the capital to be released with the sale of Bank of the West (~€11bn / ~170bps)1

Redeployment of ~€7bn (~110bps)1 within the diversified and integrated model

Extraordinary distribution in the form of share buybacks to neutralise the expected dilution (~€4bn)1

Accompanied by the positive impact

of higher interest rates

>€+2.0bn

Increase on the interest income by 2025 vs. the assumptions of the GTS 2025 plan

1. Upon customary conditions precedent; preliminary estimates; see press release of 20 December 2021

Third quarter 2022 results | 5