Q3 2021 Financial Results Presentation.pdf

SOCIETE GENERALE GROUP RESULTS

3rd quarter and nine months 2021 | 04.11.2021

DISCLAIMER

The financial information on Société Générale for its 3rd quarter and nine months 2021 comprises this presentation and a dedicated press release which are available on the website: https://investors.societegenerale.com/fr.

This presentation contains forward-looking statements relating to the targets and strategies of the Societe Generale Group. These forward-looking statements are based on a series of assumptions, both general and specific, in particular the application of accounting principles and methods in accordance with IFRS (International Financial Reporting Standards) as adopted in the European Union, as well as the application of existing prudential regulations. These forward-looking statements have also been developed from scenarios based on a number of economic assumptions in the context of a given competitive and regulatory environment. The Group may be unable to:

• anticipate all the risks, uncertainties or other factors likely to affect its business and to appraise their potential consequences;
• evaluate the extent to which the occurrence of a risk or a combination of risks could cause actual results to differ materially from those provided in this document and the related presentation.
  Therefore, although Societe Generale believes that these statements are based on reasonable assumptions, these forward-looking statements are subject to numerous risks and uncertainties, in particular in the Covid-19 crisis context, including matters not yet known to it or its management or not currently considered material, and there can be no assurance that anticipated events will occur or that the objectives set out will actually be achieved.
  Important factors that could cause actual results to differ materially from the results anticipated in the forward-looking statements include, among others, overall trends in general economic activity and in Societe Generale's markets in particular, regulatory and prudential changes, and the success of Societe Generale's strategic, operating and financial initiatives. More detailed information on the potential risks that could affect Societe Generale's financial results can be found in the section "Risk Factors" in our Universal Registration Document filed with the French Autorité des Marchés Financiers (which is available on https://investors.societegenerale.com/en). Investors are advised to take into account factors of uncertainty and risk likely to impact the operations of the Group when considering the information contained in such forward-looking statements. Other than as required by applicable law, Societe Generale undertakes no does not undertake any obligation to update or revise any forward-looking information or statements.
  Unless otherwise specified, the sources for the business rankings and market positions are internal. This presentation includes information pertaining to our markets and our competitive positions therein. Such information is based on market data and our actual revenues in those markets for the relevant periods. We obtained this market information from various third- party sources (publications, surveys and forecasts) and our own internal estimates. We have not independently verified these third party sources and cannot guarantee their accuracy or completeness and our internal surveys and estimates have not been verified by independent experts or other independent sources
  The financial information presented for the third quarter and nine months ending 30 September 2021 was reviewed by the Board of Directors on 3 November 2021. It has been prepared in accordance with IFRS as adopted in the European Union and applicable at this date. This information has not been audited.

3RD QUARTER AND NINE MONTHS 2021 RESULTS 4 NOVEMBER 2021 1

1 INTRODUCTION

Q3 21: EXCELLENT QUARTER

EARNINGS GROWTH ACROSS BUSINESSES

Revenues

+14.9% (15.0%*)

vs. Q3 20

Strong growth in Financial Services and Financing & Advisory

Robust Global Markets Continued improvement in retail

Gross	+32.8%(1) (33.5%(1)*)
Operating	vs. Q3 20
Income
Low cost	15BP
of risk

SOLID CAPITAL, ATTRACTIVE DISTRIBUTION

CET1 ratio	13.4%(2)
	at 30.09.21

Share buy-back programme expected to start on 4 Nov. and to be completed by year-end

Provision for	EUR 2.03(3)
distribution	in 9M 21

DELIVERING

ON STRATEGY

French networks merger progressing as planned

Presentation of the new banking model

Strong earnings in Global Banking & Investor Solutions driven by efficient rebalancing of capital and lowered break-evenpoint

Successful execution of our ongoing growth initiatives (Boursorama, KB, ALD)

GROUP NET INCOME AT EUR 1.4bn(1) (EUR 4.0bn(1) IN 9M 21) ROTE AT 10.9%(1) (10.4%(1) IN 9M 21)

(1) Underlying data: adjusted for exceptional items and IFRIC 21 linearisation (see Supplement) (2) Including IFRS9 phasing, 13.2% fully-loaded

1. Based on a payout of 50% of the underlying group net income after deduction of interests on deeply subordinated notes and undated subordinated notes *when adjusted for changes in Group structure and at constant exchange rates

3RD QUARTER AND NINE MONTHS 2021 RESULTS 4 NOVEMBER 2021 3

ESTABLISHED LEADERSHIP IN ESG

AAA	A1+ 69/100	2021 Investment Bank		#1 Best Bank for
of the Year for
TOP 3% MSCI	TOP 1% VIGEO EIRIS		Sustainable Finance
Sustainability

ENERGY

TRANSITION

GEOGRAPHIES

INNOVATION

MOBILITY

#1 Renewable Energy Project Financing in EMEA(1)

#1 in Top 20 Clean Energy Lead Arrangers, by deal value (2)

Exclusive Financial Advisor of Hy24: largest global fund dedicated to clean hydrogen infrastructure

#1 Investment Bank of the Year for Africa 2021(3)

#1 Outstanding Leadership in Sustainable Finance in Africa(4)

#1 Outstanding Leadership in Sustainable Finance in Emerging Markets(4)

#1 Investment Bank of the Year for Green / Sustainability-Linked Loans 2021(3) #1 Outstanding Leadership in Sustainable Loans 2021(4)

ALD sustainability rating upgrade to top 1% worldwide by EcoVadis

Sources: (1) Dealogic, end of June 2021 (2) Clean Energy Pipeline 2020 (3) The Banker 2021 (4) Global Finance 2021

3RD QUARTER AND NINE MONTHS 2021 RESULTS 4 NOVEMBER 2021 4