BNP Paribas : Kepler Cheuvreux Conference - 14/09/2021 - Solid model & strong performance

BNP PARIBAS

SOLID MODEL & STRONG PERFORMANCE

September 2021

Disclaimer

The figures included in this presentation are unaudited.

This presentation includes forward-look ing statements based on current beliefs and expectations about future events. Forward-look ing 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-look ing 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 mark ets, 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-look ing 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

September 2021 | 2

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

Solid as demonstrated in 2020

2020 Revenues:Strong financial+1.3%structurevs. FY191

(capital and liquidity)

2020 Gross Operating Income: +10.5% vs. FY191

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

With a strong and proven potential for growth

1H21 Revenues: +4.6% vs 1H20

1H21 Gross Operating Income: +10.9% vs 1H20

1H21 Net Income2: €4,679m, +30.6% vs. 1H20

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

September 2021 | 3

1H21 - Outperforming results on all axis

1H21 Revenues

1H21 Operating expenses

1H21 Gross Operating Income

(excl. taxes subject to IFRIC 21)

Robust level of activity driven by our client-centric approach and the contribution of the integrated & diversified model

• Very good performance in DM (+5.2% vs. 1H20, +1,9% vs. 1H19) and continued high level of revenues at CIB after an exceptional 2Q20 (+4,4% vs. 1H20, +20.9% vs. 1H19)
• Revenue growth fuelled by our speciality factories and strong franchises

Positive jaws across all divisions on the back of efficiency gains amplified by our industrial & digital transformation and scalability of our platforms

Low cost of risk (40 bps), below the 45-55 bps range with overall no release of provisions on performing loans (stages 1&2)

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2021- An established rebound and a proven growth potential

Solid growth in results

1H21 Net income1

1H21 results outperformed 1H19 Net

income by €300m

• Growth beyond a mere rebound to 2019 levels
• Materializing the embedded growth potential of the Group

Improved 2021 trends

Revenue growth stronger than expected

Stability of costs2 and positive jaws effects

Cost of risk at a low level, below the 45-55bp range

1. Group share; 2. Excluding the impact of the change in scope and taxes subjected to IFRIC 21

September 2021| 5