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GROUP RESULTS 1H26 GRUPPO CREDEM
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PROFITABILITY 1H26: HIGHLIGHTS *1H25 Normalized Net Profit equal to €278.1 million, net of the €93.7 million benefit deriving from the disposal of the merchant acquiring business CET1 Ratio calculated at Credemholding level (prudential perimeter). Lowest P2R among Italian banks directly supervised by the ECB. Authorization has been requested from the ECB for the inclusion of profits in the calculation of CET1, pursuant to Article 26 paragraph 2 CRR. Source Italian and European NPL ratio average (NPL Ratio calculated ex cash balances at central banks and other demand deposit): ECB, Supervisory Banking Statistics 1Q26 2 1H26 ASSET QUALITY CAPITAL SOUNDNESS 2.2% 2.1% 1.5% 0.7% Gross NPL Ratio Net NPL Ratio CET1 Ratio 7.68% 8.55% 16.22% 2026 P2R 1.25%, lowest among Italian banks in Europe €312.9 MLN 15.9% 14.1% NET PROFIT ROTE ROE
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VOLUMES 1H26: HIGHLIGHTS Loans and funding: ABI Monthly Outlook April 2026, Private sector and PA Credem Group net inflows include AUM, AUC, direct and insurance inflows from customers 3 1H26 PRODUCTION CUSTOMERS 2.7 bn >1.7 MLN +5% VS 1H25 Customer funding Loans Direct funding Total customers +2.1% YoY +3.6% YoY +3.0% YoY +4.5% YoY
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BUSINESS DIVERSIFICATION 4 Excellent performance of recurring («core») revenues in 2Q26, up 12% vs 2Q25, thanks to the excellent performance of the net interest income and the significant development of the commission components. The revenue breakdown also reflects a good balance between NII and core NIM components, highlighting the highly diversified nature of the Group's business model. The quarter was impacted by non-recurring components like net trading income and performance fees. *Core NIM: Non Interest Margin net of non-recurring items (Income from Financial Activities, Performance Fees) ** Core Operating Income: Net Interest Income + Core Non Interest Margin Core Operating Income** €/million Operating Income 442.2 461.6 433.9 475.4 454.8 465.5 466.8 481.0 463.0 502.9 495.5 545.7 42% 44% 44% 45% 43% 44% 49% 52% 54% 52% 49% 47% 7.0% 3.9% 1.8% 0.8% 6.6% 4.9% 1.8% 0.3% 0.5% 2.1% 1.3% 4.3% 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Core NIM on Operating Income NII on Operating Income Income from Financial Activities on Operating Income Performance Fees on Operating Income
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Credem Banca Commercial banking Credem Euromobiliare Private Banking Private Banking Extended Banking Services, Consumer Credit & Technology Wealth Management -€8.4 mln Consolidation adjustments €169.3 mln €31.0 mln €45.9 mln €75.0 mln NET PROFIT €312.9 mln CONTRIBUTION TO CONSOLIDATED NET PROFIT Wealth & Private €106 mln Network Factories Credem Factor Credem Leasing MGT Credemtel Avvera Asset Management Credem Euromobiliare Asset Management Credem Euromobiliare Advisory SIM Euromobiliare Fiduciaria Credem Euromobiliare Private Asset Insurance Credemvita Credemassicurazioni
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NATIONWIDE VALUE CREATION 6 NORTH Clients Stock 45% Loans 57% Direct Funding 56% % Indirect Funding on Tot.Funding 64% SOUTH AND ISLANDS Clients Stock 40% Loans 26% Direct Funding 28% % Indirect Funding on Tot.Funding 58% CENTER Clients Stock 15% Loans 17% Direct Funding 16% % Indirect Funding on Tot.Funding 67% • Balance between funding sources and loan stock and high incidence of indirect funding: Every area of the national territory (North, Center, and South and Islands) shows an incidence of funding in line with the loans disbursed in the area, ensuring homogeneity in the distribution of the Group's commercial volumes. Furthermore, consistent with the business model, the incidence of indirect funding on total funding is high in the individual areas of the country. • Widespread territorial presence: Present with a widespread network of branches and corporate centers in almost all Italian regions, combining the strength of a large national group with the typical closeness of a local bank. • Support for the real economy: The territorial presence translates into concrete and continuous support for families, professionals, and SMEs, fueling the growth of the Italian manufacturing sector. • Sustainable development model: The combination of historical governance, digital innovation, and strong social roots allows Credem to generate a positive and lasting impact on the entire country system. Source: internal management calculation on Group data
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• Strong resilience in Net Interest Income, up 5.2% vs 1Q26 and 5.7% YoY. Excellent dynamics of the commission components - driven by strong net inflows - with an increase also in the ‘core’ component (+9.0% vs 1Q26 and +13.8% vs 1H25). Excellent growth in total revenues, up 8.5% vs 1Q26 and 11.9% vs 1H25. • Operating costs remained substantially stable vs 1Q26, due to the decline in payroll. The growth in administrative expenses is linked to revenue development and driven mainly by intense project activities and IT development. • Operating Income confirmed its strong expansion, up 17.9% vs 1Q26 and 19.9% vs 1H25. • Annualized Cost of Risk at 9 bps, confirming no significant deterioration in asset quality. • Normalized profit before tax (net of the benefit from the sale of the merchant acquiring activities) showed a 23.9% increase vs 1Q26 and 18.6% vs 1H25, confirming that revenues grew at a higher rate than cost components. • Normalized net profit amounted to €312.9 million, up 24.3% vs 1Q26 and 12.5% vs 1H25, despite the higher 1H26 tax rate. RECLASSIFIED INCOME STATEMENT «Core» Operating Income: Operating Income net of Income from Financial activities and Performance fee «Core» Non Interest Margin: Non Interest Margin net of Income from Financial activities and Performance fee *Normalized figure is net of €95 million (93.7 net of tax) in 1H25 deriving from the transfer of the merchant acquiring business to Worldline 7 €/million 1Q26 2Q26 Δvs 1Q25 1H25 1H26 Δvs 1H25 Net Interest Income 244.4 257.1 5.2% 474.4 501.5 5.7% Non Interest Margin 258.6 288.6 11.6% 462.7 547.2 18.3% o/w Non Interest Margin 218.7 238.4 9.0% 401.7 457.0 13.8% Operating Income 502.9 545.7 8.5% 937.0 1,048.7 11.9% Core Op. Income 463.0 495.5 7.0% 876.1 958.5 9.4% Payroll. -164.6 -158.9 -3.5% -306.6 -323.5 5.5% Admin. Expenses -79.0 -84.5 7.0% -155.6 -163.5 5.0% Operating costs -243.6 -243.4 -0.1% -462.2 -487.0 5.4% D&A -28.0 -29.5 5.2% -54.3 -57.5 6.0% Net Op. Profit 231.3 272.8 17.9% 420.5 504.2 19.9% LLPs -6.5 -10.6 63.7% -5.2 -17.0 224.6% Net Operating Profit net of LLPs 224.9 262.3 16.6% 415.3 487.1 17.3% Provisions and Extraord. items -6.5 8.1 -224.7% 91.7 1.6 -98.3% Pre Tax Profit 218.3 270.4 23.9% 507.0 488.7 -3.6% Normalized* Pre Tax Profit 218.3 270.4 23.9% 412.0 488.7 18.6% Taxes -78.8 -97.0 23.1% -135.2 -175.8 30.1% Net Profit 139.5 173.4 24.3% 371.8 312.9 -15.8% Normalized Net Profit* 139.5 173.4 24.3% 278.1 312.9 12.5%
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NET INTEREST INCOME 8 Excellent Net Interest Income dynamics, awaiting the full benefit of the rate hike, confirmed in June, and the expansion of volumes. Net Interest Income 2.56% 2.11% 2.01% 2.04% 2.05% 2.25% 111 104 83 74 69 76 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3 months Euribor (avg) Spread BTP vs Bund 10 yrs (bps; avg) Euribor and spread BTP/Bund 234 240 249 250 244 257 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26
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0.96 0.77 0.63 0.64 0.64 0.64 1.07 0.95 0.91 0.90 0.91 0.92 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Credem: average deposit rate Industry: average deposit rate CUSTOMER SPREAD Credem: management accounting data (%) of the Credem Group (including Credem Banca, Credem Euromobiliare Private Banking, Credem Factor, Credem Leasing, Avvera) Industry: data (%) source ABI Monthly Outlook July 2026 9 The Group confirmed its ability to sustain commercial profitability in the second quarter as well, with the customer spread standing at 305 bps, up 8 bps from 1Q26. In detail, since 3Q25 there has been an increase in the average rate on customer loans, which in the last quarter was equal to 8 bps. The cost of customer funding remained stable for the third consecutive quarter, at 64 bps. Customer spread Deposit RateLoans to customers 2.87 2.87 2.86 2.92 2.97 3.053.21 3.13 3.02 3.07 3.07 3.13 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Credem: spread Industry: spread 3.83 3.63 3.50 3.56 3.61 3.69 4.27 4.08 3.93 3.97 3.98 4.06 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Credem: average loans rate Industry: average loans rate
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41% 55% 4% SECURITIES PORTFOLIO Credem SpA management accounting. The remaining amount not included in the mentioned rating classes is represented by unrated securities Figures in this page may not add exactly due to rounding differences 10 Securities portfolio breakdown (€/mln, %) • As of June 30, 2026, the overall securities portfolio stood at approximately €12.2 billion • The current composition maintained a high diversification and an average maturity of 4.2 years. The HTC component was equal to 56% and shows pre-tax unrealized gains of €6.3 million • The amount of Italian govies was 39% of the total. 81% of the domestic securities position was accounted in HTC with an average maturity of 5.0 years. The HTCS component of domestic securities had an average maturity of 0.7 years Rating Securities portfolio: BBBAAA / AA A 33% 34% 34% 31% 33% 33% 21% 23% 23% 21% 22% 22% 4% 6% 6% 6% 6% 6% 42% 37% 37% 42% 39% 39% 1Q25 1H25 9M25 FY25 1Q26 1H26 Other non-Italy Other Govies / EFSF/ EIB Other Italy Italian Govies Ita Govies 2Q26 HTC 3.7 HTCS 0.9 FVTPL 0.0 Total 4.6 4.7 4.1 4.1 5.0 4.8 4.6 1Q25 1H25 9M25 FY25 1Q26 1H26 Italian government bond (€/bn) % Tot Assets 18.0% 17.2% 16.6% 17.5% 18.6% 11,525 11,901 11,171 11,054 12,441 12,211 17.9%
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121.8 123.4 124.8 135.1 138.4 153.3 20.3 22.1 26.2 27.1 24.3 30.151.3 51.1 50.6 50.0 52.0 50.233.1 18.2 8.2 4.0 33.4 26.98.4 1.3 2.5 10.2 6.5 23.4 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Performance Fees Income from Financial Activities Banking Fees & others Insurance Income Asset Management and Brokerage Fees NON INTEREST MARGIN 11 Excellent result of the Non Interest Margin, reaching €288.6 million. Excellent dynamics of the recurring components (“core NIM”), which amounted to €238.4 million, up 18% vs 2Q25. • Management and Brokerage Fees, net of performance fees, rose to €153.3 million, driven by excellent net inflows and the market effect of the quarter which allowed to recover the negative effect of March. This result was influenced by placements which contributed for over €11 million in the quarter. • Insurance business, thanks to robust inflows and the improvement of the markets, recovered the March figure and returned to consolidating its growth trend, reaching over €30.1 million (+36.1% vs 2Q25). Total* (€/mln) *Total NIM Includes the aggregate «other incomes» **Core NIM: Non Interest Margin net of non-recurring items (Income from Financial Activities, Performance Fees) «Core» NIM** 205.5 221.5 199.7 241.1 202.0 216.2 230.7 216.5 258.6 218.7 238.4 288.6
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12 Operating costs (€/mln) Employees Financial Advisors D&A (€/mln) 6,068 6,140 6,195 6,201 6,219 6,608 6,616 6,628 6,614 6,731 6,812 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2Q26 855 820 812 831 833 835 833 820 833 861 878 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2Q26 OPERATING COSTS AND D&A P&L figures include Ifrs 16 impacts The trend of operating costs compared to the same period of the previous year remained consistent with the Group's dimensional growth dynamics. Also in the first half of 2026, the Group recorded 213 hires to support growth. Compared to 1Q26, payroll declined by 3.5% thanks to an initial seasonal effect linked to the holiday component. The administrative expenses component continued to be driven by the Group's intense project activities aimed at supporting digital and technological transformation. 158 148 141 173 165 159 76 79 79 78 79 85 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Payroll Administrative Expenses 221 235 228 251 244 28.0 26.6 27.7 28.9 28.0 243 29.5
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7.8 8.5 8.0 9.3 8.2 8.9 3.8 3.9 4.0 4.1 4.2 4.4 3.4 3.4 3.5 3.6 3.5 3.5 11.3 11.4 11.4 11.4 11.5 11.6 9.2 9.5 9.2 9.3 9.1 9.0 1Q25 1H25 9M25 2025 1Q26 1H26 Other Loans Residential Mortgage Leasing Consumer Finance Short-Term Loans LOANS TO CUSTOMERS 1Q25 (item 40.b of Balance Sheet) 40,951 €mln includes 35,425 €mln of loans to customers, 616 €mln of repos and 6,924 €mln of securities; 1H25: 44,015 = 36,687 + 995 + 6,333; 9M25: 43,480=36,132 + 1,067 + 6,280; FY25: 45,252 =37,674 + 1,347 + 6,231 ; 1Q26: 44,198 = 36,415 + 1,284 + 6,499; 1H26: 45,478 = 37,458 + 1,754 + 6,266 13 Customer loans continued to grow (+2.1% YoY). • Excellent development of Consumer Credit (+12.6% vs 1H25), favored by the continuous growth of Avvera, which reached €4.0 billion (vs €3.5 billion in 1H25) of personal loans, purpose loans, salary-backed loans, and BNPL. • Short-Term Loans recorded a 4.6% YoY increase, confirming the excellent work of the networks especially in the corporate segment. • Growth in 'Residential Mortgages' and 'Leasing' remained positive, recording a growth of 2.1% and 2.0% respectively vs 2Q25. • "Other Mortgages" (-4.5% vs 2Q25) were affected by the reduction in State-guaranteed loans (€0.4 billion vs €0.9 billion in 2Q25) disbursed during the COVID period. Loans to customers (€/bn) Total 36.7 35.4 36.1 37.7 36.4 37.5
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GROUP CUSTOMERS FUNDING: NET INFLOWS BREAKDOWN Figures in € million 14 Significant net inflows performance, reaching €2.7 billion. • Excellent dynamics of AUM, recording net inflows of €1.3 billion, confirming the Group's central role in clients' asset management choices and the advisory capacity of the network, despite the market tensions in March. • Positive net inflows in AUC for €1.5 billion, also driven by BTP placements. • Net direct funding was substantially stable, guided by the effective action of the commercial network in channeling liquidity towards AUM and AUC. 723 2,686 1,421 204 1,482 -95 568 977 -174 -69 265 -435 266 1,456 1,332 AUC Direct Deposits AUM + Insurance 1H 22 1H 24 1H 23 1H 25 1H 26 Tot. Net Inflows Net of corporates 2,693 1,753 2,826 2,324 2,733
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2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1H26 Industry Credem DEPOSITS, AUM AND INSURANCE *Nominal value of retail bond €230 million (€135 million retail bond placed by CEPB and €95 million by Credito Emiliano) ** Figures based at 2010 (2010: base 100). Industry: source ABI Monthly Outlook April 2026 15 • Direct customer deposits stood at 41 billion. • The increase in AUM and Insurance Reserves remained significant, reaching €51.3 billion, up by 13.3% vs 1H25. • AUC up by 26% YoY, amounting to 28.5 billion. Total customer funding Direct deposits & retail bonds** +4.5% YoY +3.6% YoY +183% €/mln 1H25 FY25 1H26 Sight / Saving Depo. 38,639 40,218 40,499 Retail Bonds & Other Deposits* 615 505 531 Total Direct Funding 39,255 40,722 41,030 Insurance Reserves 9,553 10,518 11,354 Portfolio Management 6,534 7,045 6,893 Mutual Funds & Sicav 15,921 16,839 18,350 Others & Third Parties’ Products 12,837 13,817 14,677 AUM 35,293 37,701 39,920 AUM + Insurance 45,249 48,219 51,274 AUC 22,645 25,132 28,535 TOTAL CUSTOMER FUNDING 106,746 114,073 120,840
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Gross Non Performing Loans (€/mln,%) ASSET QUALITY: GROSS NPL RATIO AND COST OF RISK 0.5% on Loans (Credem) % on Loans (Industry)* 0.9 0.10.7 1.1 1.0 0.10.6 1.6 0.20.9 1.5 0.3 0.9 0.1 0.9 1.5 0.3 Cost of risk trend (bps) The cost of risk, remained at extremely low levels at 9 bps, well below national and European average values. The default rate also remained at very low levels, equal to 0.47%. Gross NPL Ratio Cost of risk (bps) Gross non-performing loans down to 579.2 million, also as a result of disposals. Disposal ~49 mn Disposal ~62 mn *Source: ABI, internal calculation on Bank of Italy figures (TRI30266). Industry data refer to 1Q26 ** Source: ECB. Industry data refer to 1Q26. EU diversified lenders: Bank with a balanced exposure to the retail and wholesale sector Cost of risk: Calculated as Loan Loss Provisions / Loans to Customers (net of Repos and securities) Default rate data first management estimate at 30/06/2026 Disposal ~22 mn 16 34 27 44 59 55 52 32 34 24 24 38 10 15 15 12 13 9 42 31 39 47 45 4 30 21 15 13 19 16 11 8 12 13 9 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1H26 Cost of risk Cost of risk (net of non-recurring events) 9 35 58 47 Credem ITA** EU** EU diversified lenders** 1.5% 2.1% 2.2% 2.4% Credem ITA** EU** EU diversified lenders** 267 363 38 231 337 47 198 345 37 Gross Bad Loans Gross UTP Loans Gross Past Due Loans FY24 FY25 1H26
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NPL: COVERAGE 17 • NPL accounting coverage stood at 56.4%. Comprehensive Coverage including Shortfall*, and additional level of coverage coherent with calendar provisioning and addendum, stood at 59.9% on total NPL. • The incidence of Net NPLs on Net Loans** remained at very low levels, 0.67%, compared to 1.28% of the Industry***. Coverage ratio *Shortfall is calculated as the difference between ELBE – Expected Loss Best Estimate (which represents the best estimate of the expected loss for each credit exposure, given its stage and the current economic environment) and Net Adjustments to Loans **Net Loans: Loans to Customers net of Repos and securities ***Source: ABI Monthly Outlook July 2026, figures as of May 2026 NPL (€/mln) Gross Net Coverage Bad Loans 197.5 39.7 79.9% UTP Loans 345.1 190.5 44.8% Past Due 36.6 22.1 39.5% Total NPL 579.2 252.3 56.4% + Net NPL +252.3 - (Shortfall + Addendum + Calendar) -19.9 NPL Net of Shortfall +232.4 Coverage incl. Shortfall 59.9% 56.4% 45.6% 39.4% 43.1% Credem ITA** EU** EU diversified lenders**
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Green SP Green SP Social T2* Covered Bond Covered Bond Social SP Social SP Retail Social SP Retail Green SNP 200 0 10 0 200 300 400 500 600 May-26 May-25 Jan-24 Sep-23 Jul-23 Jul-23 May-23 Oct-22 May-22 Jan-22 26252420232022 €/mln BONDS ISSUANCES AND MATURITIES 18 • A €500 million Green SP Bond was issued in May. There are no bond maturities scheduled for 2026. • The MREL buffer remains high, standing at over 9.2 percentage points Recent issues (€/mln) Maturities (€/mln) MREL ratio vs TREA 1 Wholesale Retail Social Green Deposits, not covered and not preferential CET1 T2 Senior unsecured liabilities Senior non-preferred liabilities 30.0% Credem SpA management accounting 1. Own funds and eligible liabilities (senior bonds+Deposits, not covered and not preferential)/RWA, banking group perimeter. The MREL requirement also includes the SyRB within the CBR 2. Issued by Credemholding 600 500 500 Senior Preferred 2027 Call Date 2029 Call Date 200 200Tier 2 400Senior Non Preferred 750+ 100 500+ 500Covered Bond 95 135 2026 2027 2028 2029 2030 2031 2032 … 2037 Senior Preferred (Retail Bond) 2028 Call Date 2027 Call Date 2032 Call Date 2 2 17.5% 1.7% 1.6% 7.7% 1.5% 20.7% 1H26 Requirement inc. CBR 2031 Call Date
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168% 177% 171% FY24 FY25 1H26 LIQUIDITY * Loans to Customers / Total Deposits. Loans to Customers are net of Repos with Institutional and Loans to Group’s SPVs. Depo sits include Wholesale Bonds Source NSFR: internal expected estimates as of 30 June 2026 See details of liquidity reserves in the attachment 19 NSFR LCR 136% 141% 140% FY24 FY25 1H26E Loan to Deposit Ratio* • Liquidity ratios remained sound and well above minimum capital requirements, enabling the Group to have a greater flexibility in setting future funding strategies. 0.92 0.91 0.90 FY24 FY25 1H26
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€, million FY25 1H26 FY25 1H26 CET 1 4,010 4,163 3,729 3,868 Total Capital 4,437 4,577 4,322 4,450 Capital absorption from: 1,888 1,908 1,885 1,907 Credit and Counterparty 1,602 1,623 1,600 1,621 Market 5 6 5 6 Operational 280 280 280 280 CET 1 Ratio 16.99% 17.45% 15.82% 16.22% Tot. Capital Ratio 18.80% 19.19% 18.34% 18.67% RWAs 23,595 23,853 23,568 23,839 CredemholdingCredem Group CONSOLIDATED CAPITAL RATIOS 20 • The CET1 ratios at the Banking Group and Holding company levels (Prudential perimeter) were equal to 17.45% and 16.22% respectively, driven by organic capital generation during the period despite the increase in RWAs resulting from loan growth. • The capital buffer remains high at 768 bps vs. SREP 2026. 768 bps Buffer vs Srep 2026 (8.55%) Fully phased figures Fully phased figures Authorization has been requested from the ECB for the inclusion of profits in the calculation of CET1, pursuant to art. 26 pa ragraph 2 CRR
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SUSTAINABLE GROWTH STRATEGY 21 Asset quality & Capital soundness Market Access & Institutional Fundraising AUM Development Operating Leverage & Profitability SUSTAINABLE GROWTH STRATEGY Capital soundness and excellent credit quality of the loan portfolio. Optimization of wholesale funding costs and diversification of funding sources, thanks to a solid financial standing. Strong focus on customer advisory and Assets Under Management, making greater use of wholesale funding to support loan growth. Vertical integration of product factories, particularly in wealth management, to support a 'fee- based' business model and maximize profitability.
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22 ANNEXES
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UTILE NETTO €160,9 mln RECLASSIFIED CONSOLIDATED INCOME STATEMENT BY BUSINESS LINE 1H26 Commercial Banking Private Banking Extended Banking Services, Consumer Credit & Technology BANKING Asset Management Insurance Wealth Management Consolidation adjustments Consolidated Net Interest Income 365.9 40.6 83.3 489.8 5.7 3.7 9.4 2.2 501.5 Non Interest Margin 312.9 112.8 64.6 490.3 75.7 54.4 130.1 -73.2 547.2 Operating Income 678.8 153.4 147.9 980.1 81.5 58.1 139.5 -71.0 1,048.7 Payroll -238.4 -55.4 -28.2 -322.0 -8.6 -1.9 -10.5 8.9 -323.5 Administrative Expenses -127.3 -43.1 -27.1 -197.5 -10.7 -4.5 -15.1 49.1 -163.5 Operating costs -365.7 -98.5 -55.3 -519.5 -19.3 -6.3 -25.6 58.1 -487.0 Gross Operating Profit 313.1 54.9 92.6 460.6 62.2 51.7 113.9 -12.9 561.7 D&A -45.9 -4.3 -8.1 -58.3 -0.3 -1.1 -1.4 2.2 -57.5 Net Op. Profit 267.2 50.6 84.5 402.3 61.9 50.6 112.5 -10.7 504.2 Net loan writedowns -4.0 -0.1 -12.9 -17.0 0.0 0.0 0.0 0.0 -17.0 Provisions for risks and expenses -1.5 -0.3 0.1 -1.7 0.0 0.0 0.0 0.0 -1.7 Extraordinary income (expenses) 7.5 -0.4 0.0 7.1 0.0 -4.1 -4.2 0.4 3.3 Pre Tax Profit 269.2 49.7 71.7 390.6 61.9 46.5 108.4 -10.2 488.7 Profit attributable to third parties 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Taxes -99.9 -18.7 -25.8 -144.3 -18.5 -14.9 -33.4 1.9 -175.8 Net Profit 169.3 31.0 45.9 246.3 43.4 31.6 75.0 -8.4 312.9 23
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UTILE NETTO €160,9 mln VOLUMES RECLASSIFIED BY BY BUSINESS LINE 24 1H26 Commercial Banking Private Banking Extended Banking Services, Consumer Credit & Technology BANKING Asset Management Insurance Wealth Management Consolidation adjustments Consolidated CUSTOMER LOANS 35,795.2 917.0 8,756.4 45,468.7 33.1 33.1 -8,043.3 37,458.5 DIRECT BANK Funding 32,902.4 8,480.7 153.7 41,536.8 -506.4 41,030.4 TOTAL DIRECT CUSTOMER FUNDING 32,902.4 8,480.7 153.7 41,536.8 -506.4 41,030.4 AUM and INSURANCE funding 23,580.0 27,279.5 50,859.5 18,349.9 11,354.1 29,704.0 -29,289.6 51,274.0 AUC 10,633.5 17,913.9 28,547.3 -11.9 28,535.4 TOTALE INDIRECT CUSTOMER FUNDING 34,213.5 45,193.4 79,406.9 18,349.9 11,354.1 29,704.0 -29,301.5 79,809.4 TOTAL CUSTOMER FUNDING 67,115.9 53,674.0 153.7 120,943.6 18,349.9 11,354.1 29,704.0 -29,807.9 120,839.7 TOTAL BUSINESS CUSTOMER 102,911.1 54,591.1 8,910.1 166,412.3 18,383.0 11,354.1 29,737.1 -37,851.2 158,298.2
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RECLASSIFIED BALANCE SHEET 25 Liabilities (€/mln) 3,327 72 40,797 4,430 234 17 11,354 270 3,146 4,723 3,719 732 41,389 4,285 234 14 10,518 482 2,091 4,663 Passive Repos Deposits from banks Deposits from customers Bonds - Wholesale Bonds - Retail Other Fin. Liabilities Insurance Reserves Hedging Derivatives Other Liabilities Equity FY25 1H26 FY25 68.1 68.4 1H26 Total (€/bn) * Includes current accounts and deposits to central banks and to banks included in Item 10 of Balance Sheet: Cash & cash equivalents ** Includes passive repos on retained Covered Bonds ** 146 2,539 1,439 37,458 73 5,441 6,770 11,783 107 2,611 190 2,343 2,032 37,674 75 5,163 6,702 10,971 179 2,797 Other Cash Active Repos Due from banks Loans to customers+ Fin. Assets through P&L Fin. Assets HTCS Fin. Assets HTC Fin. Assets (insurance companies) Hedging Derivatives Other Assets FY25 1H26 Assets (€/mln)
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LIQUIDITY RESERVES Source: management data, internal calculation 26 • The total value of the Group's Liquidity Reserves stood at €19.2 billion, equal to 28% of Total Assets. • The value of Cash and deposits with Central Banks remained stable at €1.0 billion. • ECB eligible unencumbered securities were €12.7 billion and other ECB eligible unencumbered Assets were equal to €5.5 billion. • High granularity of deposits with an average of Private clients and Small Business deposits ~€20,000 and a deposit mix of Private clients and Small Businesses VS Corporate equal to approximately 73% - 27%. Liquidity Reserves (€/bn) 1.5 11.8 5.5 18.9 1.0 12.7 5.5 19.2 Cash and deposits with Central Banks ECB eligible unencumbered securities Other ECB eligible unencumbered assets Total 1H26 FY25
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27 DISCLAIMER AND CONTACTS The manager responsible for preparing the company’s financial reports Mr. Giuseppe Malato of Credito Emiliano S.p.A., declares, pursuant to paragraph 2 of Article 154 bis of the Consolidated Law on Finance, that the accounting information contained in this presentation corresponds to the document results, books and accounting records. *** This presentation includes certain forward looking statements, projections, objectives and estimates reflecting the current views of the management of the Company with respect to future events. Forward looking statements, projections, objectives, estimates and forecasts are generally identifiable by the use of the words “may,” “will,” “should,” “plan,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” “project,” “goal” or “target” or the negative of these words or other variations on these words or comparable terminology. These forward- looking statements include, but are not limited to, all statements other than statements of historical facts, including, without limitation, those regarding the Company’s future financial position and results of operations, strategy, plans, objectives, goals and targets and future developments in the markets where the Company participates or is seeking to participate. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements as a prediction of actual results. The Group’s ability to achieve its projected objectives or results is dependent on many factors which are outside management’s control. Actual results may differ materially from (and be more negative than) those projected or implied in the forward-looking statements. Such forward-looking information involves risks and uncertainties that could significantly affect expected results and is based on certain key assumptions. All forward-looking statements included herein are based on information available to the Company as of the date hereof. The Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Investor Relations Team Contacts Aharon Sperduti – Head of IR asperduti@credem.it +39 335-7247591 Giulia Bruni - IR gbruni@credem.it +39 338-5059406 Andrea Marmiroli- IR amarmiroli@credem.it +39 331-6668338