BNP Paribas : Conférences et Roadshows – Mars 2023

BNP PARIBAS

A CHANGE OF SCALE

SUPPORTING A SOLID GROWTH TRAJECTORY

Conferences & roadshows

March 2023

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, 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): onlyyouqj; HBS; A_B_C; Adam (Adobe stock).

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 2022 full year 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.

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Classification : Confidential

BNP Paribas : a change of scale supporting a solid growth trajectory already in 2022

A change of scale

on the back of a continuous and disciplined development of our leading franchises

Group Net

Income, Group

Share2018-2022 CAGR

€bn

+8.0%

+7.5%

(+19.0% excl.

exceptional items)

10.2

9.5

8.2

7.57.1

Comprehensive & long-term approach to customer needs sustaining strong & resilient growth in revenues supported by all divisions

Corporate & Institutional Banking: +15.7% vs. 2021

Commercial, Personal Banking & Services1: +9.3% vs. 2021

Investment & Protection Services: +3.0% vs. 2021

Favourably positioned with leading and reinforced platforms growing at marginal cost

Positive jaws effect : 0.7 pt, +1.5 pt excluding the contribution to the Single Resolution Fund in 2022

Efficient cooperation between business lines in responding to client needs throughout the cycle

~€13.4bn in revenues generated by cross-selling (~27% of Group revenues)2

2018 2019 2020 2021 2022	Prudent, proactive and long-term risk management reflected in low
	cost of risk

A diversified and integrated model generating growth faster than the underlying economy

1. Including 100% of Private Banking in Commercial & Personal Banking (including PEL/CEL effect in France); 2. 2022 revenues generated by a business line (including intra-divisioncross-selling) with the support of a client franchise or another platform acting as distributor, excluding cash management revenues, and in trade finance, excluding allocation of CPBS Private Banking to IPS WM

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Classification : Confidential

2023: a unique positioning reflecting BNP Paribas' value creation potential,

reinforced post- Bank of the West sale and post-SRF

Boosted 2023 EPS1 & DPS leading to a rise in 2023

expected to be higher than the objective of a CAGR 22-25 >+12%

Share buyback programme: €5bn

planned in 20232

• €4bn related to the sale of Bank of the West and €1bn as part of the ordinary distribution
• Executed in 2 equivalent tranches (request submitted to the ECB for a 1st tranche of €2.5bn3)

Strong increase in 2023 distributable income

• Strong embarked organic growth
• Upward adjustment in 2023 distributable income by +€1bn4
• Return to shareholders of 60%, based on adjusted 2023 distributable income4

1. Adjusted - See slide 23 for details; 2. Upon customary conditions (including ECB authorisations); 3. €962m related to the ordinary distribution of 2022 net income and €1.54bn from the sale of Bank of the West;

4. See slide 23 for details

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Classification : Confidential

A strong growth potential beyond solid embarked organic growth

>+€5.0bn

of additional revenue growth potential supporting a trajectory revised upward

Redeployment of the capital released	Positive impact of the rise in interest
by the sale of Bank of the West
rates in 2022
(~€7.6bn, or ~110 bps of CET11)

~+€3.0bn	>+€2.0bn
(C/I 60% and ROTE2 ~12%)	(~80% benefiting CPBS, o/w 40% in 2023)
of additional revenues by 2025 compared to	of additional revenues by 2025 compared to the
the initial assumptions of the GTS 2025 plan	initial assumptions of the GTS 2025 plan

1. After the share buyback programmes related to the sale of Bank of the West; 2. Return on tangible equity

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Classification : Confidential