Banca Ifis

Investor Presentation • Feb 8, 2018

HIGHLIGHTS

FY2016 restated*: data adjusted for the final price paid for Interbanca Group acquisition

2016:

• Interest 15,8 mln: one off positive impact coming from the adoption of the new model to estimate the cash flow of health service receivables purchased outright
• TIT: Group's 2016 NBI recalculated with the new Internal Transfer Rates. Due to external (market rates) and internal (composition and funding rates) changes, it has been necessary to revise and update the TIT calculation method
• One day profit: 633,4
• Final price for the acquisition of Interbanca Group: 109,4 mln

2016:

• Consolidation for only one month of Interbanca Group data
• Reversal PPA impact for around 10 mln

NOT LIKE FOR LIKE COMPARISON BETWEEN 2017 AND 2016

(Million Euro) – Preliminary Data

NBI: 519,6 ( 326,0 FY 2016) +59,4%

NPFA*: 504,8

(299,4 FY 2016) +68,6%

Trade Rec. NPL Area Tax Rec. Corp. Bank Leasing G&S

Data 12M	Trade receivables	Corporate banking	Leasing	Area NPL	Tax receiv.	G&S	Total
NBI 2017	130,8	146,1	62,7	164,5	15,6	0	519,6
NBI 2016**	148,5	3,0***	-1,2***	148,3	13,3	14,0	326,0
% Change	-11,9%	ns	ns	10,9%	17,0%	ns	59,4%
NPFA 2017	97,2	174,4	54,6	164,5	15,3	-1,2	504,8
NPFA 2016**	128,2	2,9***	-2,7***	148,3	13,0	9,7	299,4
% Change	-24,2%	ns	ns	10,9%	18,1%	ns	68,6%

**Data 2016 recalculated with the new Internal Transfer Rates *NPFA= Net Profit from Financial Activities 4

*** Contribution only for the month of December 2016

INSIGHT ON TRADE RECEIVABLES SEGMENT

INSIGHT ON CORPORATE BANKING SEGMENT

INSIGHT ON LEASING SEGMENT

INSIGHT ON NPL AREA

INSIGHT ON AREA NPL

INSIGHT ON TAX RECEIVABLES

Million Euro FY17 preliminary data

180,8 (697,7* in FY 2016) -74,1%

Pro-forma normalized:

Personnel	2017	2016	% Change
	98,3	65,9	+49,1%

ASSET QUALITY & NPE TREND

CREDIT QUALITY: SMEs LENDING

(Million Euro) % FY17 preliminary data

Loans to customers : 5.618,6 +4,9%

FY2017	Trade Receivables	Corporate Banking	Leasing	Tax receivables	Total SMEs Lending
Net NPL	31,4	28,9	15,3	0	75,5
% Net NPL/Loans	1,0%	2,7%	1,1%	0%	1,3%
% NPE/Loans	7,2%	14,3%	2,4%	0%	7,2%
NPL COVERAGE	89,1%	93,5%	80,9%	0%	90,7%
NPE COVERAGE	58,4%	77,5%	73,0%	0%	69,5%

BALANCE SHEET – LIABILITIES STRUCTURE

(Million Euro) % change 31.12.2017 (preliminary data) vs 31.12.2016

rendimax + contomax+ corporate time depo

5.053,1 +9,4%

Total funding 7.725,2 +9,8%

Due to banks 792,0 +57,1% 699,6 TLTRO n.a.

Debt Securities

1.640,0 +10,2%

387,9 Bonds 0,6 Certificates of deposit 850,0 Securitization 401,5 Tier2

BANCA IFIS GROUP: EQUITY BREAKDOWN

(Million Euro) FY17 preliminary data

EQUITY: CHANGES
Net equity at 31.12.2016	1.218,8
Difference on the acquisition price of Interbanca Group	9,8
Increases	183,9
Profit for the period	180,8
Change of AFS reserve	1,1
Other	2,0
Minorities	0,0
Decreases	43,8
Dividends	43,8
Net equity at 31.12.2017	1.368,7

Banca IFIS Group only KPIs	2017	2016*
	31/12	31/12
Common Equity Tier 1 Ratio (CET1)	15,64%	15,82%
Tier 1 Capital Ratio (T1)	15,64%	15,82%
Total Own Fund Capital Ratio	21,07%	15,83%

FY2016 restated*: data adjusted for the final price paid for Interbanca Group acquisition

4 YRs OF CONSISTENT AND SOLID GROWTH

(Million Euro) - FY17 preliminary data

*2016 RESTATED data (with bargain 633,4) **Ratio without parent company La Scogliera minority ***Net bad loans/Net Loans to customers (Trade receivables)

This Presentation may contain written and oral "forward-looking statements", which includes 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, 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 Banca IFIS. (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.

The information, statements and opinions contained in this Presentation are for information purposes only and do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of an offer to purchase or subscribe for securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments. None of the securities referred to herein have been, or will be, registered under the U.S. Securities Act of 1933, as amended, or the securities laws of any state or other jurisdiction of the United States or in Australia, Canada or Japan or any other jurisdiction where such an offer or solicitation would be unlawful (the "Other Countries"), and there will be no public offer of any such securities in the United States. This Presentation does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or the Other Countries. Pursuant the consolidated law on financial intermediation of 24 February 1998 (article 154-bis, paragraph 2) Mariacristina Taormina, in her capacity as manager responsible for the preparation of the Company's financial reports, declares that the accounting information contained in this Presentation reflects the Banca IFIS's documented results, financial accounts and accounting records.

Neither the Company nor any member of Banca IFIS nor any of its or their respective representatives, directors or employees accept any liability whatsoever in connection with this Presentation or any of its contents or in relation to any loss arising from its use or from any reliance placed upon it.