BNP Paribas : Conférence Goldman Sachs - 09/06/2021 - Well-positioned to enter a new phase of growth

BNP PARIBAS

WELL-POSITIONED TO ENTER A NEW PHASE OF GROWTH

June 2021

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 out 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. None of BNP Paribas or 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 © Gary Burchell, Getty Images © 2018 Yiu Yu Hoi, © Leclercq Associés and Marc Mimram Architecture et Ingénierie, Getty Images © Santiago Urquijo

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BNP Paribas' integrated and diversified model: a clear competitive advantage

Strong financial structure

(capital and liquidity)

Diversification	Client knowledge	Integrated &
based on
& prudent	scalable
long-term, close
risk profile
platforms &
relationships
	approaches

Powerful execution & placement capabilities

Resilient as demonstrated in 2020

2020 Revenues: +1.3% vs. FY191

2020 Gross Operating Income: +10.5% vs. FY191

2020 Net Income2: €7,067m, -13.5% vs. FY19

With a strong potential for growth

1Q21 Revenues: +8.6% vs 1Q201

1Q21 Gross Operating Income: +18.3% vs 1Q20

1Q21 Net Income2: €1,768m, +37.9% vs. 1Q20

1. At constant scope and exchange rates; 2. Group share

June 2021 | 3

BNP Paribas business model: delivering across the cycle

Robust level of activity driven by our client-centric approach and our business diversification

Revenue growth fuelled by our speciality factories and strengthened franchises

Efficiency gains amplified by our industrial and digital transformation and scalability of our platforms

Revenues
in €bn	+6.1%
11.1	10.9	11.8
1Q19	1Q20	1Q21

Gross Operating Income

in €bn	+19.9%
2.7	2.7	3.2
1Q19	1Q20	1Q21

Operating Income

in €bn	+21.3%
1.9		2.3
	1.3
1Q19	1Q20	1Q21

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BNP Paribas business model: delivering across all divisions

Domestic	International	CIB1
Markets1	Financial Services1

Revenue growth	+ 1.2% vs. 1Q20	+ 4.4% vs. 1Q20
in all operating divisions	+ 29.6% vs. 1Q20

Positive jaws

+ 0.3 pts

+ 5.8 pts

+ 11.3 pts

in all operating divisions

Decrease in CoR	28 bps (- 2 bps)	72 bps (- 68 bps)	37 bps (- 39 bps)
in all operating divisions

1. At constant scope and exchange rates and including 100% of Private Banking (excluding PEL/CEL impacts)

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