Conference Call Presentation: Q1 2021

Raiffeisen Bank International

Q1 Results - 7 May 2021

Disclaimer

Certain statements contained herein may be statements of future expectations and other forward-looking statements about Raiffeisen Bank International AG ("RBI") and its affiliates, which are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward- looking by reason of context, words such as "may", "will", "should", "expects", "plans", "contemplates", "intends", "anticipates", "believes", "estimates", "predicts", "potential", or "continue" and similar expressions typically identify forward-looking statements.

By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. As such, no forward-looking statement can be guaranteed. Undue reliance should not be placed on these forward-looking statements. Many factors could cause our results of operations, financial condition, liquidity, and the development of the industries in which we compete, to differ materially from those expressed or implied by the forward- looking statements contained herein.

These factors include, without limitation, the following: (i) our ability to compete in the regions in which we operate; (ii) our ability to meet the needs of our customers; (iii) our ability to leverage synergies from acquisitions, cost reduction programs or other projects; (iv) uncertainties associated with general economic conditions particularly in CEE; (v) governmental factors, including the costs of compliance with regulations and the impact of regulatory changes; (vi) the impact of currency exchange rate and interest rate fluctuations; and (vii) other risks,

uncertainties and factors inherent in our business.

This presentation contains financial and non-financial information and statistical data relating to RBI. Such information and data are presented for illustrative purposes only.

Subject to applicable securities law requirements, we disclaim any intention or obligation to update or revise any forward- looking statements set forth herein, whether as a result of new information, future events or otherwise.

This document is for information purposes only and shall not be treated as giving any investment advice and/or recommendation whatsoever. This presentation and any information (written or oral) provided to you does not constitute an offer of securities, nor a solicitation for an offer of securities, nor a prospectus or advertisement or a marketing or sales activity for such securities. Neither the shares of RBI nor securities issued by any subsidiary of RBI have been registered under the U.S. Securities Act of 1933 (the "Securities Act") nor in Canada, U.K. or Japan. No securities may be offered or sold in the United States or in any other jurisdiction, which requires registration or qualification, absent any such registration or qualification or an exemption therefrom. These materials must not be copied or otherwise distributed to "U.S. persons" (according to the definition under Regulation S of the Securities Act as amended from time to time) or publications with general circulation in the United States. The circulation of this document may be restricted or prohibited in certain jurisdictions.

For the United Kingdom: This presentation and related material (these "Materials") are for distribution only to persons who are members of RBI falling within Article 43(2) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005

(as amended, the "Financial Promotion Order") or who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Promotion Order, (ii) are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc") of the Financial Promotion Order, (iii) are outside the United Kingdom, or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as "relevant persons"). These Materials are directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which these Materials relate is available only to relevant persons and will be engaged in only with relevant persons.

Figures shown in the presentation are based on figures disclosed in the annual report (for this presentation, numbers in the annual report have been adjusted to reflect impact from FINREP implementation) as well as the interim reports of RBI. However, figures used in this document have been rounded, which could result in percentage changes differing slightly from those provided in such reports.

We have diligently prepared this presentation. However, rounding, transmission, printing, and typographical errors cannot be ruled out. None of RBI, any of its affiliates, advisors or representatives shall be responsible or liable for any omissions, errors or subsequent changes which have not been reflected herein and accept no liability whatsoever for any loss or damage howsoever arising from any use of this document or its content or third-party data or otherwise arising in connection therewith.

Group Investor Relations

7 May 2021

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Business & Financial	Risk Update	Appendix
Update

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Q1/2021 Executive Summary

Consolidated profit

1-3/2021

EUR 216 mn

+22% y-o-y

Loans to customers

31/03/2021

EUR 91,861 mn

+1.3% ytd

Consolidated RoE

1-3/2021

6.5%

+1.0 pp y-o-y

Core revenues

1-3/2021, in EUR mn

767	434
-13%	-3%
y-o-y	y-o-y
Net interest	Net fee & commission
income	income

CET 1 ratio

31/03/2021, fully loaded, incl. result

13.6%

-0.1 pp

ytd

Provisioning ratio

1-3/2021

35 bps

-31bps

y-o-y

Core revenues

• NII stabilized in Q1 vs. Q4/2020
• Consolidated profit supported by lower risk costs and bank levies

Balance sheet

• Loans to customers grow q-o-q by EUR 1.2 bn (+1.3%)
• Further deposit inflows

MREL issuance

• Tatra banka (Slovakia) successfully issued inaugural EUR 300 mn green senior preferred bond in April 2021
• Raiffeisen Czech Republic and Raiffeisen Romania expected to issue in 2021

Group Investor Relations

7 May 2021

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Q1/2021 Income Statement and KPIs

(in EUR mn)	Q1/2021	% q-o-q		% y-o-y
	Net interest income	767		+0%	-13%
	Net fee and commission income	434		-7%	-3%
	Net trading income & fair value result	5		-	-87%
	Other operating components1	54		+203%	+0%
	Operating income	1,259		+1%	-11%
	Staff expenses	-382		-2%	-5%
	Other administrative expenses	-213		-23%	-9%
	Depreciation	-97		-12%	+3%
	General administrative expenses	-692		-11%	-5%
	Operating result	567		+21%	-18%
	Other result	-38		-	-54%
	Impairment losses on financial assets	-79		-41%	-49%
	Gov. measures & compulsory contributions	-130		+361%	-22%
	…		…		…		…
	Consolidated profit	216		+5%	+22%

1 Incl. dividend income, current income from investments in associates, net gains/losses from hedge accounting, other net operating income

Net interest margin

Q1/2021

1.94%

-4bps

q-o-q

Cost/income ratio

Q1/2021

55.0%

-7.4pp

q-o-q

Consolidated return on equity

Q1/2021	6.5%
	-0.1pp q-o-q

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