Bper Banca — Investor Presentation 2022

Nov 7, 2022

1

9M22 Consolidated Results

Piero Luigi Montani, CEO 7th November 2022

Disclaimer

This document has been prepared by "BPER Banca" solely for information purposes, and only in order to present its strategies and main financial figures.

The information contained in this document has not been audited.

No guarantee, express or implied, can be given as to the document's contents, nor should the completeness, correctness or accuracy of the information or opinions herein be relied upon.

BPER Banca, its advisors and its representatives decline all liability (for negligence or any other cause) for any loss occasioned by the use of this document or its contents.

All forecasts contained herein have been prepared on the basis of specific assumptions which could prove wrong, in which case the actual data would differ from the figures given herein.

No part of this document may be regarded as forming the basis for any contract or agreement.

No part of the information contained herein may for any purpose be reproduced or published as a whole or in part, nor may such information be disseminated.

The Manager responsible for preparing the Company's financial reports, Marco Bonfatti, declares, in accordance with art. 154-bis, para. 2, of the "Consolidated Financial Services Act" (Legislative Order No. 58/1998), that the accounting information contained in this document corresponds to documentary records, ledgers and accounting entries.

Marco Bonfatti

Manager responsible for preparing the Company's financialreports

BPER Banca S.p.A., head office in Modena, via San Carlo, 8/20 - Tax Code and Modena Companies Register no. 01153230360 – Company belonging to the BPER BANCA GROUP VAT, VAT no. 03830780361 – Share capital Euro 2,100,435,182.40 - ABI Code 5387.6 - Register of Banks no. 4932 - Member of the Interbank Deposit Guarantee Fund and of the National Guarantee Fund - Parent Company of the BPER Banca S.p.A. Banking Group - Register of Banking Groups no. 5387.6 - Tel. 059.2021111 - Telefax 059.2022033 - e-mail: servizio.clienti@bper.it - Certified e-mail (PEC): bper@pec.gruppobper.it - bper.it – istituzionale.bper.it.

Change in the scope of consolidation and Purchase Price Allocation

Change in the scope of consolidation

In 2Q22 the BPER Group changed the scope of consolidation following the acquisition of the controlling stake in Banca Carige's share capital from the Interbank Deposit Protection Fund and the Voluntary Intervention Scheme, on 3rd June 2022.

As a result the Group's Balance Sheet items include the contribution of Banca Carige ("Carige") on a line-by-line basis starting from 2Q22, while P&L items include Carige contribution on a line-by-line basis starting from 3Q22.

It is noted that as a result of mandatory tender offer and subsequent sell-out process as at 30 September 2022, BPER owns 100% of Carige's share capital.

Purchase Price Allocation (PPA)

The 9M22 results include the impact of the PPA carried out following the first accounting treatment of the Carige stake acquired on 3rd June 2022, in accordance with IFRS 3 "Business Combinations". The difference between Carige's net equity as at 30 September 2022 and the purchase price ("Badwill" or "Bargain Purchase") amounted to 1,507.3 €mln. The allocation process through the measurement at fair value of the assets and liabilities acquired as at the initial recognition date, led to book total PPA adjustments for an amount of 335.9 €mln (of which 145 €mln related to the fair value of Banca Carige's NPEs). As a result of the PPA, a Bargain Purchase amount of 1,171.3 €mln was booked in the 9M22 P&L (see slide 28) .

Methodological note:figures included in the tables shown in this document may not add exactly due to rounding differences.

Agenda

BPER GROUP CONSOLIDATED RESULTS

Executive summary

Balance sheet

Profit and loss

Capital adequacy

Final remarks

ANNEXES

9M22 results executive summary

ROBUST PROFITABILITY, STRONG ASSET QUALITY METRICS AND SOLID CAPITAL RATIOS

9M22adjusted1 netprofitof 425.1 €mln(1,466.4€mlnstated)

3Q22adjustednetprofitcameinat108.6€mln, afterpaymentof123.3€mlninsystemiccosts

Strongrevenuegrowthin3Q22underpinnedbyboth NII (+16.1%Q/Q)andnetcommissions(+8.8%Q/Q)

Commercial focuscontinueswithnewlendinginflows tohouseholdsandSMEsin9M22reaching12.6€bn

Assetqualityfurtherimproved: NPEratio downQ/Qto4.2%(gross)and1.7%(net)

•Solidcapital positionconfirmed: Pro-formaFullyPhasedCET1ratioat13.2%

^1. Excluding one-off items. See slide 26

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•

•

•

•

⁵ Note: The Pro-forma Fully Phased CET1 ratio have been estimated excluding the effects of the transitional arrangements in force and including the result for the period, thus simulating, in advance, the effects of the ECB's authorisation to include these profits in Own Funds pursuant to art. 26, para. 2 of the CRR. In addition the calculation takes into account the full DTA benefit arising from the merger of Carige into BPER.

Banca Carige Acquisition

Merger process well on track and expected to be completed by end-2022

* Data as at 30/09/22

Agenda

BPER GROUP CONSOLIDATED RESULTS

Executive summary

Balance sheet

Profit and loss

Capital adequacy

Final remarks

ANNEXES

Direct and Indirect Deposits

• •Direct Deposits up 15.1% YTD
• •Indirect Deposits impacted by negative market performance

• • Direct deposits at 116.7 €bn, of which 107.2 €bn in retail funding (~92% of the total) mainly accounted for by sight deposits.
• • Indirect deposit trend reflects market performance, with positive Net inflows in 9M22 (+817 €mln) showing resilience to market performance

Indirect

deposits

(€bn)

Figures from data management system. AUM includes ARCA captive inflows on BPER network. Data excludes Carige

funding

1.

Net Customer Loans

Balance sheet

Stock up 14.8% YTD driven by strong commercial focus and Carige contribution

Net Customer loans (€bn)

• • Net customer loans at 90.8 €bn (of which 8.3 €bn State guaranteed), up 14.8% YTD (+1.7% on a likefor-like basis)
• • New loans1 reached 12.6 €bn driven by both retail and corporate lending growth

1. Excluding Carige

Asset Quality

Strong asset quality confirmed in Q3 22 with declining NPE ratios and coverage further strengthened

Loan book breakdown: stock and coverage (€mln; %)

	De c 2 1	J un 22	Se p 22	Q / Q
d Ba Lo an s
Gr os s	2, 01 4	2, 01 5	1, 9 5 9	8% -2.
Ne t	67 5	9 4 1	3 3 4	8% -11
Co ve rag e	8% 7 1.	64 7 5. %	89 7 7. %	2.2 p p
U T Ps
Gr os s	8 83 1,	1, 9 4 4	87 1, 1	8% -3.
Ne t	9 3 4	8 1, 03	8 6 9	-5. 0%
Co ve rag e	5 0.4 %	6. 6% 4	4 7. 3 %	0.7 p p
Pa Du t s e
Gr os s	8 12	129	14 5	12. 2%
Ne t	9 5	9 3	10 3	10 .3 %
Co ve rag e	25 .9 %	27 % .7	8. 8% 2	1.2 p p
l To N P E ta
Gr os s	02 4, 4	8 8 0 4,	3, 9 7 4	8% -2
Ne t	6 1, 5 9	62 1, 2	22 1, 5	-6 .2%
Co ve ra g e	60 .4 %	60 .3 %	61 .7 %	1.4 p p
fo ing loa Pe r rm ns
Gr os s	64 7 7, 9	8 9 0, 05	89 89 5 ,	-0 .2%
Ne t	7 7, 5 17	89 60 4 ,	89 27 9 ,	-0 .2%
Co ve ra g e	0. 5 7 %	6 6% 0.	6 8% 0.	0. 0 p p
loa /w Ne t s ta o g e2 ns	7, 9 03	64 9 9,	83 9, 7	1.4 %
Co ve ra g e	3. 5 %	4. 2%	4. 3 %	0.2 p p

NPE ratios over time (%)

Balance sheet

• • NPE ratio down Q/Q to 4.2% gross (4.3% in 2Q22) and 1.7 % net (1.8% in 2Q22)
• • High NPE coverage further strengthened (61.7%): Bad loans at 77.9% and UTPs at 47.3%
• •Excluding Carige NPE (150.9 €mln), NPE coverage at 64.1%
• •Performing loans coverage at 0.68%, of which Stage 2 loans at 4.3%

Note: customer loans excluding customer debt securities. See relevant table in the Annexes.

Balance sheet

Financial assets portfolio

Financial assets portfolio totalled 30.5 €bn

Financial Assets breakdown (€mln)

ln €/ m	FV TP L	FV OC I	AC	l To ta	l to ta % on
ds Bo n	6 13	82 7, 7	82 5 20 ,	8, 2 2 7 4	9 4. 3 %
l I ian ta o .w g ov	3	63 2 2,	7, 9 17	10 5 5 2 ,	6% 3 4.
Eq i ty u	8 8	8 4 9		6 8 5	1.9 %
ds d Fu S ica n an v	63 7			63 7	2.1 %
he O * t r	19 5			19 5	1.7 %
l a To ta t 3 s a 0. 09 .2 02 2	80 1, 3	8, 27 9	82 20 5 ,	84 3 0, 4	10 0%
l a To 6.2 ta t 3 s a 0. 0 02 2	8 6 1, 3	8, 80 0	20 7 05 ,	89 3 0, 2
l a To ta t 3 s a 1.1 2. 20 21	64 1, 1	6, 63 2	8 20 5 7 ,	8, 2 3 7 3
hg ( ) C De '21 vs c. %	8. 6% +1	8% +2 4.	+1 .2%	+7 .4 %

Italian Government bonds (€bn)

• • Italian government bonds at 10.6 €bn (vs. 8.6 €bn in Dec.'21), accounting for 36.7% of total bonds
• • Total bonds and Italian government bond portfolio duration1 of 2.1 ys and 2.2 ys respectively

Agenda

BPER GROUP CONSOLIDATED RESULTS

Executive summary

Balance sheet

Profit and loss

• Capital adequacy
• Final remarks
• ANNEXES

Profit & Loss

9M22 results show strong ordinary profitability driven by top line growth

( ln ) & €m P L -	M2 9 2	M2 9 2 * Re rin cur g	Q 2 22 Re rin * cur g ( A)	Q 3 22	Q 3 22 1 Re rin cur g	o/w (2) Ca rig e	o/w BP ER ( B)	hg C Q Q / (ex cl. C arig e) A/ B
t in in Ne ter est com e	60 1,2 .4	60 1,2 .4	40 9.0	47 5.0	47 5.0	6.9 5	8.1 41	2.2 %
Ne iss ion in t co mm com e	18. 0 1,4	18. 0 1,4	63. 4 4	504 .0	504 .0	52. 5	451 .5	-2.6 %
Co Inc re om e	67 8.4 2,	67 8.4 2,	87 2.4	97 9.0	97 9.0	109 .4	86 6 9.	-0. 3%
de ds Div i n	19. 2	19. 2	6 15.	3.3	3.3	1.8	1.5	.6% -90
t in fro fin ia l ac tiv itie Ne com e m anc s	116 .7	116 .7	25. 5	32. 4	32. 4	10. 4	21. 9	.8% -13
Ot her tin /in op era g ex pen ses com e	-0. 3	6 12.	2.6	12. 4	12. 4	1.5	10. 9	6.1 31 %
tin Op Inc era g om e	814 2, .1	82 2, 7.0	6.1 91	1,0 27 .1	1,0 27 .1	123 .2	90 3.9	-1.3 %
f f c Sta ost s	-1,0 72. 5	8.5 -1,0 4	-33 5.4	60 -3 .9	60 -3 .9	6.9 -4	-31 4.1	-6.4 %
her dm Ot ini ati str a ve ex pen ses	-57 5.3	1.6 -55	-17 2.9	2.6 -23	-21 7.9	-42 .3	6 -17 5.	1.5%
cia tio rtiz ati De & A pre ns mo ons	-15 4.7	-15 4.7	8.5 -4	-60 .7	-60 .7	-11. 7	-49 .0	1.0 %
Op tin sts era g co	80 -1, 2.5	.8 -1,7 54	6.9 -55	-65 4.2	-63 9.5	-10 0.9	8.6 -53	-3. 3%
ing Ne t O In rat pe co me	1,0 11.5	1,0 72 .1	359 .2	372 .9	87 .6 3	22 .3	65 3 .3	1.7 %
los for dit k Ne t im irm ris ent pa ses cr e	-33 5.5	-33 5.5	-10 3.9	-118 .4	-118 .4	-11. 4	-10 7.0	3.0 %
for ks d c har Ne isio ris t p rov ns an g es	.8 -52	.8 -52	-28 .8	8 -11.	8 -11.	-1.3	-10 .5	-63 .7%
but Co i ion SR F, DG S, FIT D-S V ntr s to	-16 9.0	-16 9.0	-0. 1	-12 3.3	-12 3.3	-21 .3	-10 1.9	n.s
( ) o Ga in Los n In stm ent ses ve s	13.4	13.4	3.0	6.3	6.3	1.4	5.0	66 .4%
ba has Ga in o ain n a rg pu rc e	1.3 1,17	0.0	0.0	-17 .1	0.0	0.0	0.0	n.s
fit ( los ) be for Pro e t s axe s	63 8.9 1,	8.2 52	22 9.4	108 .6	140 .4	-10 .4	.8 150	-34 .3%
Tax es	-15 7.4	-87 .9	-21 .5	-22 .0	-26 .8	6.9	-33 .7	57. 0%
Mi ity In ter est nor s	-15 .2	-15 .2	-4. 1	-5.0	-5.0	0.3	-5.3	30 .5%
fit ( los ) for he d p Pro rio ain ing t ert to s pe he t t c pa ren om pa ny	66 1,4 .4	42 5.1	20 3.9	81. 6	108 .6	-3. 2	.8 111	-45 .2%

P&L Highlights

Profit and Loss

• 9M22 recurrent net profit at 425.1 €mln
• Strong YTD profitability driven by Core income growth
• 3Q22 recurrent net profit at 108.6 €mln, despite the payment of 123.3 €mln system charges, reflecting sound operating trends

• 9M22 annualised cost of risk of 48 bps

• One-offs in 3Q22: -14.7 €mln (Other administrative expenses); -17.1 €mln (badwill); +4.8 €mln (Taxes)

• Consolidated line-by-line starting from 3Q22.

* See slide 26

Net Interest Income

9M22 NII at 1,260.4 €mln underpinned by higher interest rates and lending volumes

Focus on NII moving parts of 3Q22 (€mln)

Profit and Loss

• • In 3Q22 NII at 475.0 €mln up 16.1% Q/Q on the back of higher interest rates and Carige's contribution
• • On a like-for-like basis, NII increased 2.2% Q/Q driven by both commercial component and securities portfolio, despite reduction in the TLTRO contribution (-20.7 €mln)
• • Commercial spread increased to 2.05% thanks to increasing interest rates and ongoing lending repricing

1.

Including remuneration of excess liquidity held at the ECB's deposit facility

1. Managerial data excluding Carige

Profit and Loss

Net commission income

In 9M22 Net commission income at 1,418.0 €mln, underpinned by traditional banking fees

Net Commission Income over time (€mln)

Net Commission Income break down (€mln)

• •3Q22 net commissions at 504.0 €mln, including 52.5 €mln contribution from Carige

• • On a like-for-like basis, net commissions show strong resilience despite seasonality with banking servicing fees increasing 2.1% Q/Q, partially offsetting lower fees from indirect deposits & life Bancassurance

• Excluding Carige

Note: The breakdown between life and non-life bancassurance is based on operational data

Trading income and Dividends

Profit and Loss

In 9M22 Trading Income and dividends totalled 135.9 €mln showing strong resilience despite financial markets headwinds

Trading income and dividends over time (€mln)

• In 3Q22 Trading income came in at 32.4 €mln up 27.1% Q/Q driven by Carige contribution as well as capital gains from securities disposal and short positions in derivatives on rates

Operating Costs

9M22 Operating Costs came in at 1,802.5 €mln

3Q22

BPER

like for like

Focus on Recurring Operating Costs* (excluding Carige)

Staff expensesOther administrative expensesD&A

2Q22

•3Q22 operating costs at 654.2 €mln including 14.7 mln one-offs and 100.9 €mln related to the consolidation of Carige

• • On a like-for-like basis, 3Q22 recurring operating costs totalled 538.6 €mln, down 3.3% Q/Q driven by staff expenses reduction (-6.4%) thanks to seasonal effect
• •Staff expenses benefitted YTD of -590 headcount related to redundancy plan whose cost has already been booked in 2021

* See slide 26 and27

1Q22

Loan Loss Provisions and Cost of Risk

9M22 cost of risk at 48 bps

LLPs trend (€mln)

• In 3Q22 LLPs amounted to 115 €mln, of which 12 €mln related to Carige perimeter

• 9M 22 cost of risk came in at 48 bps annualised still reflecting a good asset quality trend and a still very low default rate at 0.8% flat Q/Q

Cost of risk trend (bps)*

Default rate trend (%)

* Excluding customer debt securities

** Excluding 310 €mln in additional LLPs booked in 2021 (106 bps accounting cost of risk in FY21)

18 Note: Cost of Risk in 9M22 was calculated by considering item 130 a) Loans to customers (€ 308.9 mln) and including € 19.5 mln in LLPs on on-balance-sheet exposures to Russia accounted for in item 130 a) Other financial assets.

Agenda

BPER GROUP CONSOLIDATED RESULTS

Executive summary

Balance sheet

Profit and loss

Capital adequacy

Final remarks

ANNEXES

Capital

*

Strong capital position confirmed

Note: Pro-forma Fully Phased CET1 ratio has been estimated excluding the effects of the transitional arrangements in force. Pro-forma capital ratios include the result for the period, thus simulating, in advance, the effects of the ECB's authorisation to include these profits in Own Funds pursuant to art. 26, para. 2 of the CRR

To be fully booked on 1st January of the year following the merger effective date: 2023 under the assumption that BPER can close the merger in 2022 Capital adequacy

Agenda

BPER GROUP CONSOLIDATED RESULTS

Executive summary

Balance sheet

Profit and loss

Capital adequacy

Final remarks

ANNEXES

•

•OPERATING PROFITABILITY UNDERPINNED BY TOP LINE GROWTH

•RESILIENT ASSET QUALITY WITH DECLINING NPE RATIOS AND HIGH COVERAGE

SOLID CAPITAL AND LIQUIDITY POSITION WELL ABOVE REGULATORY REQUIREMENTS

FACING CHALLENGING MACRO SCENARIO FROM A POSITION OF STRENGTH

Agenda

BPER GROUP CONSOLIDATED RESULTS

Executive summary

Balance sheet

Profit and loss

Capital adequacy

Final remarks

ANNEXES

Volumes breakdown

Direct Deposits (€mln)

ln € /m	De c 2 1	Ma r 2 2	J un 22	Se p 22	Y T D
Cu D ire De i to t ts s me r c p os	6, 9 20 1	810 9 3,	6, 8 82 10	65 10 7, 1	+1 1.4 %
d s h de /w C / A ig i t ts o an p os	8 85 9 1,	89 4 13 ,	10 1, 03 2	10 1, 07 3	+1 0.0 %
ds /w Bo o n	61 7	87 5	619	61 5	6.2 -2 %
he /w O t o r	3, 5 5 5	810 3,	23 5, 1	3 0 5, 5	6% +5 5.
fu i io l ire d ing Ins D t tu t t na c n	8 8 5, 1	62 5, 5	60 7, 7	9, 5 14	83 + % .4
l To D ire De i ta t ts c p os	8 8 10 1, 3	9 9, 3 7 2	89 114 4 ,	6, 67 11 9	+1 5. 1%

Net Customer Loans (€mln)

ln € /m	De c 2 1	Ma r 2 2	J un 22	Se p 22	Y T D
Cu Ac t ts rre n co un	69 9 4,	6 12 5,	6, 07 0	81 9 5,	+1 1% 7.
loa M tg or ag e ns	62 5 3, 1	6 69 5 3,	61 8 8 4 ,	62 3 9 4 ,	6.4 +1 %
he O t r	20 23 5 ,	19 9 14 ,	23 25 5 ,	89 22 5 ,	+1 0.1 %
lo Ne t c to us m er an s	7 9, 113	8, 7 7 09	82 9 1, 0	80 9 0, 1	8% +1 4.
fo ing /w Pe o r rm	7 7, 5 17	7 7, 129	89 60 4 ,	89 27 9 ,	+1 5. 2%
fo /w No Pe ing o n- r rm	6 9 1, 5	80 1, 5	62 2 1,	22 1, 5	6% -4

Net Interest Income breakdown

l € m n	M 9 2 2	/ o w Q 2 2 1	/ o w Q 2 2 2	/ o w Q 3 2 2	h C Q / Q g %
l C i N I I o m m e r c a	1, 0 9 5. 2	6 3 3 1	6 3 2 7	6 3 9 5	9 3 %
f l S i i i t t e c u r e s p o r o o	9 9 3	2 2 9	8 3 0	6 4 5	8 4 7 %
1 O T L T R I I I -	6 3. 0	8 2 9	6 2 9	6 3	6 8 -7 %
h l f d O I i i i t t t t e r n s o n a n n g u u	6 2 0 -	3 -1 5	0 -1 4	-3 2 7	6 3 3 % 1
d I F R S I F R S 6 9 a n 1	8. 0	3 0	2 5	2 5	-3 0 %
b C i i i B t t a n c a a r g e c o n r u o n	6. 5 9	0	0	6 5 9	n s.
l T N I I t o a	6 2 0 1, 4	6 3 7 4	0 9 0 4	0 4 7 5.	6 % 1 1

9M22 P&L

Breakdown of one-offs

( ln ) €m	M 9 22 d S ta te	M 9 22 f fs on e- o	No te s
Ne in in t te t re s co me	60 1, 2 .4	-		Re t cu rre n 60 1, 2 .4
iss io in Ne t c om m n co m e	8.0 1, 4 1	-		8.0 1, 4 1
Co In re co m e	67 8. 2, 4	-		67 8. 2, 4
de ds D iv i n	19 .2	-		19 .2
fro f l a Ne in in ia iv i ie t t t co me m an c c s	6.7 11	-		6.7 11
he in in O / t t r o p er a g ex p en se s co me	-0 .3	( ) 12 .9	he ( bo ke d ) O in Q t r e xp en se s o 2	6 12
in O In t p er a g co m e	81 2, 4. 1	( ) 12 .9		82 2, 7. 0
f f c S ta ts os	-1, 07 2.5	( ) 24 .0	d e ( bo ke d ) Inc iv ise i in Q t ts en x o 2	8.5 -1, 04
he dm O in is iv t tra t r a e e xp en se s	3 -5 7 5.	( ) 23 .7	€m (- ln d - ln ) Ca ig is i ion in Q €m in Q t r e a cq u p ro ce ss 9 2 an 14 .7 3	6 -5 5 1.
De ia io & Am iza io t t t p re c ns or ns	-15 4. 7	-		-15 4. 7
O in t ts p er a g co s	80 2. -1, 5	( ) 4 7. 7		8 -1, 7 5 4.
Ne O in In t t p er a g co m e	1, 01 1.5	( ) 60 6		1, 07 2. 1
lo fo d k im irm i is Ne t t t r p a en ss es r c re	-3 3 5. 5	-		-3 3 5. 5
fo ks d c ha Ne is io is t p ro ns r r a n rg es v	8 2. -5	-		8 2. -5
bu Co i io S R F, D G S, F I T D- S V tr t to n ns	69 .0 -1	-		69 .0 -1
in ( ) Ga Lo Inv tm ts ss es on es en	13 .4	-		13 .4
ba ha Ga in in on a rg a p ur c se	1, 17 1.3	+1 17 1.3 ,	dw l l ( ln d - ln ) Ba i 8 8.4 €m in Q €m in Q +1 2 an 3 1 17. 1 ,	0. 0
f ( lo ) be fo i Pr t ta o ss re xe s	63 8. 1, 9	+1 110 .7 ,		8. 5 2 2
Ta xe s	-15 7. 4	( ) 69 .5	lu de d fo he f iss ion i ion Ca ig in Inc 's D T A t to s c om m p a r co nv er s o r e d d f l e f fec f e d (- ln i isc ina i €m ta t a ts tra te x c re n a o or ry ms 3 x 7 4. bo ke d in d + ln bo ke d in ) Q 8 €m Q o 2 an 4. o 3	-8 7. 9
in i M In ty te ts or re s	-15 .2	+0 .0		-15 .2
f ( lo ) fo he d i io in in Pr t t ta to o ss r p er p er g he t t c p ar en om p an y	6 6. 1, 4 4	+1 04 1.3 ,		25 4 .1

Operating Costs

Breakdown of one-offs

€ l / m n	Q 3 21	Q 4 21	Q 1 2 2	Q 2 2 2 ( ) A	Q 3 2 2	/w o B P E R ( ) B	/w o C i a r g e	h C Q / Q g. % l k f l k i i e- o r- e A / B
f f S t a e x p e n s e s	8 3 1 3.	5 5 7. 2	3 5 2. 2	25 9. 4	6 3 0. 9	3 14 .1	6. 4 9
d /w Ex in tra o or ar y	1.5	21 0. 0	-	24 .0	-	-		-
d /w O in o r ar y	3 12 .3	3 2 4 7.	3 2.2 5	3 3 5. 4	60 3 .9	3 14 .1	6.9 4	-6 .4 %
h d O i i t t e r a m n s r. e x p e n s e s	15 1.1	8 8 1 0.	6 1 0. 7	8 1 2. 0	6 2 3 2.	1 9 0. 3	4 2. 3
d in /w Ex tra o or ar y	5. 3	8.0	-	9. 0	14 .7	14 .7
d O in /w o r ar y	8 14 5.	8 17 2.	60 1 .7	17 2.9	21 7. 9	6 17 5.	4 2.3	+1 .5 %
D & A	8 5 2.	1 2 0. 3	6 4 5.	8. 4 5	6 0. 7	4 9. 0	11. 7
d in /w Ex tra o or ar y	-	67 .4	-	-	-
d /w O in o r ar y	8 5 2.	5 2.9	6 4 5.	8.5 4	60 .7	4 9. 0	11. 7	+1 .0 %
l T O i C t t t o a p e r a n g o s s	8 5 17	8 8. 5 3	8. 5 5 4	8 5 9. 9	6 5 4. 2	5 5 3. 3	1 0 0. 9
d i /w t o e x r a o r n a ry	6. 8	8 2 5. 4	-	3 3. 0	14 .7	14 .7	-
d /w i o o r n a ry	5 11. 0	8 5 7 2.	8. 5 5 4	6. 5 5 9	6 3 9. 5	8. 6 5 3	1 0 0. 9	-3 3 %

Provisional Purchase Price Allocation

Breakdown of PPA

l E / u r m n	/ 6 / 3 0 0 2 0 2 2	h C Q g. 3 2 2	/ / 3 0 0 9 2 0 2 2
C i N E i t t a r g e e q u y	6 1, 3 2. 7	-	6 1, 3 2. 7
f d d f f C M T O t t o s o a n a o r y e n e r e r	( ) 8 1 2 5.	0. 3	( ) 1 2 5. 5
l d l l I i i B i t n a a w	1, 5 0 7. 0	0. 3	3 1, 5 0 7.
l d F i V j N P E t t a r a u e a u s m e n s o n	( ) 1 4 5. 0		( ) 1 4 5. 0
l d f l d f l l b l i j i i i i i i i F V P t t t a r a e a s m e n s o n e r o r m n g o a n s a n n a n c a a e s u u	-	( ) 2 5 5.	( ) 2 5 5.
l d b l i j i F V t t t t a r a u e a u s m e n s o n a n g e a s s e s	( ) 6 9. 2		( ) 6 9. 2
b l C i L i i i i t t t o n n g e n a e s	( ) 6. 6 5	( ) 5. 0	( ) 6 6 1.
l d d d i j i i F V t t t t a r a e a s m e n s o n r e c e p o s s u u		3 7. 1	3 7. 1
h d O j A t t t e r u s m e n s	( ) 4 7. 7	5. 7	( ) 4 1. 9
l d l l P i i B i r o v s o n a a w	8 8. 1, 1 4	) ( 17 .1	1.3 1, 17

Net Customer loans

Portfolio composition

Net customer loans breakdown by sector (€bn)

Bu in to s es s s ec r	Se p 22	l To ta % on Cu to s m er Lo an s	Δ % De vs c 2 1
f M i t a nu a c u r n g	1 3. 7	15 .1 %	8. + 5 %
h l l d l W i i t o e s a e a n r e a s e rv c e s, d i i r e c o e r e s a n r e p a r s v	8 7.	8. 6 %	+1 4. 2 %
C i t t o n s ru c o n	6 3.	3. 9 %	8 +1 1. %
l R E t t e a s a e	4. 5	5. 0 %	+9 .5 %
H O R E C A *	2. 0	2. 3 %	+1 1.4 %
l f d f h i i i A t t g r c r e, o r e s ry a n s n g u u	1.1	2 % 1.	+1 9 %
h O t e r	8 9.	8 1 0. %	+9 2 %
l l f l i i T t t o a o a n s o n o n- n a n c a b i u s n e s s e s	4 2. 5	6. 8 4 %	+1 0. 0 %
h l d H o u s e o s	6 4 1.	4 5. 9 %	+2 0. 7 %
l l f l b T i i i t t o a o a n s o n a n c a u s n e s s e s	6. 6	7. 3 %	6 +1 1. %
l T C L t t o a u s o m e r o a n s	8 9 0.	1 0 0. 0 %	8 +1 4. %
b D S i i t t e e c r e s u	6 14	6. 0 % 1	% -1. 5

Annexes

Customer loans breakdown by geographical areas¹(%)

* Hotels, Restaurants & Cafès (HORECA). Note: figures as per ATECO business sector definitions (ISTAT, the Italian National Institute of Statistics ).

1. Commercial banks + Sarda Leasing, excluding non-resident loans. Figures from data management system.

Annexes

Asset quality

Asset quality breakdown (excl. debt securities)

( ln ) Gr €m os s e xp os ur es	De c 2 1		M ar 22		J un 22		Se p 22		hg C Q / Q		hg C Y T D
		co mp . %		co m p. %		co m p. %		co m p. %	bs A	hg ( ) C %	bs A	hg ( ) C %
fo ( ) No Pe ing Ex N P Es n r rm p os ur es	02 4, 5	9 % 4.	8 00 4,	9 % 4.	8 8 0 4,	3 % 4.	3, 9 7 4	2% 4.	-11 4	8% -2.	-5 1	-1.2 %
d loa Ba ns	2, 01 4	2.5 %	6 2, 00	2.5 %	2, 01 5	2.1 %	9 9 1, 5	2.1 %	6 -5	8% -2.	-5 5	-2. % 7
l ke ly loa Un i to p ay ns	8 83 1,	2.3 %	89 1, 2	2.3 %	1, 9 4 4	2.1 %	87 1, 1	2.0 %	-7 3	8% -3.	-12	6% -0
du loa Pa t s e ns	8 12	0.2 %	110	0. 1%	129	0.1 %	14 5	0.2 %	15	+1 2.2 %	6 1	+1 3. 2%
fo loa Gr ing os s p er rm ns	64 7 7, 9	9 5. 1%	62 7 7, 3	9 5. 1%	8 9 0, 05	9 5. 7 %	89 89 5 ,	8% 9 5.	63 -1	-0 .2%	11, 9 3 1	+1 5. 3 %
l g To ta ro ss ex p os ur es	81 89 9 ,	10 0%	81 63 1 ,	10 0%	6 9 4, 14	10 0%	8 69 9 3,	10 0%	-2 7 7	-0 .3 %	8 80 11,	+1 4. 5 %

d loa ( ln ) j €m A tm ts to us en ns	De c 2 1		M ar	22		J un 22		Se p 22		hg C Q Q /		hg C Y T D
	co ve	( ) rag e %	( ) co ve rag e %		( ) co ve rag e %		( ) co ve rag e %		bs A	hg ( ) C %	bs A	hg ( ) C %
d j A N P Es tm ts to us en	2, 4 29	60 .4 %	8 2, 4 2	60 6%	6 6 2, 4	60 .3 %	2, 4 5 2	61 .7 %	-14	-0 .5 %	23	+1 .0%
d loa Ba ns	1, 4 4 7	8% 7 1.	69 1, 4	7 3. 2%	1, 5 24	6% 7 5.	6 1, 5 2	7 7. 9 %	2	+0 .1%	7 9	+5 .5 %
l i ke ly loa Un to p ay ns	9 9 4	0.4 % 5	6 9 2	9. 0% 4	6 9 0	6. 6% 4	8 85	3 % 4 7.	-21	-2. 3 %	-64	-6 % .7
du loa Pa t s e ns	3 3	25 .9 %	3 3	3 0.0 %	6 3	27 % .7	4 1	8. 8% 2	5	+1 0% 7.	8	+2 9 % 5.
fo d j ing loa A tm ts to us en p er rm ns	4 4 7	6% 0.	9 4 4	6% 0.	8 9 5	0.7 %	61 6	0.7 %	8 1	8% +2	69 1	6% +3 7.
l a d To j ta tm ts us en	87 6 2,	3. % 5	2, 9 22	6% 3.	64 3, 0	3. 3 %	6 8 3, 0	3. 3 %	4	+0 .1%	19 2	6.7 + %

( ln ) Ne €m t e xp os ur es	De c 2 1		M ar 22		J un 22		Se p 22		hg C Q / Q		hg C Y T D
		co mp . %		co m p. %		co m p. %		co m p. %	bs A	hg ( ) C %	bs A	hg ( ) C %
fo ( ) No Pe ing Ex N P Es n r rm p os ur es	6 1, 5 9	2.0 %	80 1, 5	2.0 %	62 1, 2	8% 1.	1, 5 22	1.7 %	-10 0	-6. 2%	-7 4	6% -4
d loa Ba ns	67 5	0.7 %	5 3 7	0.7 %	4 9 1	0. 5 %	4 3 3	0. 5 %	8 -5	8% -11	-13 4	6% -23
l ke ly loa Un i to p ay ns	9 3 4	1.2 %	6 6 9	1.2 %	8 1, 03	1.1 %	8 6 9	1.1%	-5 2	-5. 0%	5 2	6% +5
du loa Pa t s e ns	9 5	0. 1%	7 7	0. 1%	9 3	0.1 %	10 3	0.1 %	10	+1 0.3 %	8	8.7 + %
fo loa Ne ing t p er rm ns	7 7, 5 17	8.0 9 %	7 7, 129	8.0 9 %	89 60 4 ,	8.2 9 %	89 27 9 ,	8.3 9 %	81 -1	-0 .2%	62 11, 7	+1 5. 2%
l n To ta t e e xp os ur es	7 9, 113	10 0%	8, 7 7 09	10 0%	82 9 1, 0	10 0%	80 9 0, 1	10 0%	81 -2	-0 .3 %	6 8 8 11,	8% +1 4.

Bond maturities and issuances: highlights

Dec 21 Sep 22 Wholesale bonds 3.9 5.7 o/w covered bonds 1.9 2.2 o/w subordinated bonds 0.9 1.6 Retail bonds 0.9 0.7 Total bonds 4.8 6.4

0.6 0.7 1.8 1.8 1.3 2021 9M22 Bonds issued1 (€bn)

2022 Bond maturities (€bn)

2024

Wholesale 2025

Covered Bond

* Next quarter

2023

Retail

Outstanding bonds1 (€bn)

1. including Carige bonds. Note: figures on this page reflect nominal amountsNote: figures from data management system.

Total figures

Annexes

Fabio Pelati Head of Investor Relations

Via Aristotele, 195 - 41126 Modena - Italy

+39 059 2021396

Nicola Sponghi Investor Relations

Via Aristotele, 195 - 41126 Modena - Italy

+39 059 2022219

nicola.sponghi@bper.it