FinecoBank S p A : Alessandro Foti CEO and General Manager

2Q22 Results

Alessandro Foti

CEO and General Manager

Milan, August 2nd 2022

FINECO. SIMPLIFYING BANKING.

Disclaimer

• "Pursuant to the paragraph 2 of Article 154 bis of the Consolidated Law on Financial Intermediation (Legislative Decree no. 58 of February 24, 1998), Lorena Pelliciari, in her capacity as manager responsible for the preparation of FinecoBank S.p.A. (the "Company")'s financial reports, declares that accounting information contained in this Presentation reflects the Company's documented results, books and accounting records".
• This Presentation may contain written and oral "forward-looking statements", which include all statements that do not relate solely to historical or current facts and which are therefore inherently uncertain. All forward-looking statements rely on a number of assumptions, expectations, objectives, estimates, forecasts, projections and provisional data concerning future events and are subject to a number of uncertainties and other factors, many of which are outside the control of the Company. There are a variety of factors that may cause actual results and performance to be materially different from the explicit or implicit contents of any forward-looking statements and thus, such forward-looking statements are not a reliable indicator of future performance. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable law. The information and opinions contained in this Presentation are provided as at the date hereof and are subject to change without notice. Neither this Presentation nor any part of it nor the fact of its distribution may form the basis of, or be relied on or in connection with, any contract or investment decision.
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• This Presentation has been prepared on a voluntary basis and, therefore, FinecoBank is not bound to prepare similar presentations in the future, unless where provided by law. Neither the Company nor any of its representatives, directors or employees shall be liable at any time in connection with this Presentation or any of its contents for any indirect or incidental damages including, but not limited to, loss of profits or loss of opportunity, or any other liability whatsoever which may arise in connection of any use and/or reliance placed on it.
• For the above-mentioned purposes, "Presentation" means this document, and any oral presentation, any question-and-answer session and any written or oral material discussed following the distribution of this document. By participating to this Presentation and accepting a copy of this Presentation, you agree to be bound by the foregoing limitations regarding the information disclosed in this Presentation.

2

Agenda

✓Fineco Results

• Next steps
• Fineco international business
• Key messages
• Focus on product areas

3

A new market structure enlarging our growth opportunities

A structurally higher profitability and capital light business model, leading to higher DPS and to invest in our growth

The current environment has significantly changed

Acceleration of structural trends reshaping our society

• Increasing demand for advice
• Increasing digitalization
• Consolidation in traditional banking system

New interest rates environment (1)

+62 bps on 2022 AVG Euribor 3M vs beginning of the year +108 bps on 2022 AVG EURIRS 10Y vs beginning of the year

Fineco as a fully-fledged Platform benefitting from the new market structure

Net Financial Income:

Expected strong increase vs recent past

Thanks to the strong gearing to the interest rates of our quality and capital light NII: driven by our clients' valuable transactional liquidity and not by lending as for other banks

Investing:

Strong results in a challenging environment

thanks to resilient inflows and FAM

Inflows driven by structural trends, top-quality product offer and fair pricing. Growing contribution by FAM, which is taking a higher control of the value chain

Brokerage:

Higher floor thanks to our quality target

market and business model

Target market focused on wealthy and financially aware clients and our one-stop- solution business model

4	(1) Forward rate curves as of August 1st, 2022, see on slide 44 for further details

Executive Summary

Successful growth story: becoming more a Platform than a Bank. Our diversified business model allows us to deliver strong results in every market condition

Delivering strong net profit in every market condition

• 1H22 adj. Net Profit at 223 mln, +20.5% y/y(1), confirming the sustainability of our diversified business model
• 1H22 adj. Revenues at 464 mln, +15% y/y(1) mainly supported by Investing (+22% y/y thanks to volume effect and to the strong contribution by FAM) and by Net Financial Income (+19% y/y). Brokerage confirmed a structurally higher floor compared to pre-pandemic levels
• Operating Costs well under control at -136mln, +3.0% y/y, excluding costs related to the acceleration of the growth of the business(2)
• Strong operating leverage confirmed a key strength of the Bank. Adj. C/I ratio at 29.3%

Growth of the Balance Sheet comfortably under control

• Thanks to new initiatives: boosting Fees to increase Revenues with a better mix

Strong capital position

• CET1 ratio at 19.14%,TCR at 29.45%, Leverage ratio at 3.82%

Accelerating commercial activity towards AUM

• Net sales in 1H22 at 5.6 bn, o/w AUM at 1.7 bn. TFA at 102.8 bn with Asset under Management at 50.8 bn and the penetration of Guided products on Asset under Management at 76%
• Fineco Asset Management 1H22 TFA at 24.5 bn (+21% y/y). Net Sales:
• • Retail: 1.4 bn
  • Funds underlyings of wrappers (Institutional classes): 1.5 bn, as our management company is taking more control of the investing value chain
• July (estimated): Strong net sales at ~1.0 bn, o/w AUM ~330 mln and AUC ~310 mln. Brokerage revenues estimated at ~13 mln (~25% higher vs average July revenues in 2017-2019 y/y)

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(1) 2022 non recurring items: 1Q22 -0.3 mln gross (-0.2 mln net) due to Voluntary Scheme; 2021 non recurring items: 4Q21 -0.7 mln gross (-0.5 mln net) due to Voluntary Scheme; 2Q21 realignment of the intangible assets: 32 mln net

(2) Excluding costs strictly related to the growth of the business, mainly FAM (-4.2 mln y/y) and marketing (-1.9 mln y/y)