company presentation

Grupo Supervielle

Company Presentation

3

Disclaimer

This presentation contains certain forward-looking statements that reflect the current views and/or expectations of Grupo

Supervielle and its management with respect to its performance, business and future events. We use words such as “believe,”

“anticipate,” “plan,” “expect,” “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “seek,” “future,” “should” and

other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such

statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors

could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this

release. Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i)

changes in general economic, financial, business, political, legal, social or other conditions in Argentina or elsewhere in Latin

America or changes in either developed or emerging markets, (ii) changes in regional, national and international business and

economic conditions, including inflation, (iii) changes in interest rates and the cost of deposits, which may, among other things,

affect margins, (iv) unanticipated increases in financing or other costs or the inability to obtain additional debt or equity financing

on attractive terms, which may limit our ability to fund existing operations and to finance new activities, (v) changes in

government regulation, including tax and banking regulations, (vi) changes in the policies of Argentine authorities, (vii) adverse

legal or regulatory disputes or proceedings, (viii) competition in banking and financial services, (ix) changes in the financial

condition, creditworthiness or solvency of the customers, debtors or counterparties of Grupo Supervielle, (x) increase in the

allowances for loan losses, (xi) technological changes or an inability to implement new technologies, (xii) changes in consumer

spending and saving habits, (xiii) the ability to implement our business strategy and (xiv) fluctuations in the exchange rate of the

Peso. The matters discussed herein may also be affected by risks and uncertainties described from time to time in Grupo

Supervielle’s filings with the U.S. Securities and Exchange Commission (SEC) and Comision Nacional de Valores (CNV).

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as the date of this

document. Grupo Supervielle is under no obligation and expressly disclaims any intention or obligation to update or revise any

forward-looking statements, whether as a result of new information, future events or otherwise.

Institutional Presentation

Who we are

Our Business Model and Strategy

Quick View in figures

Appendix I: Financial Statements, Ratios & Ranking

Contents

2.

3.

4.

2Q16: SUPV Financial Performance 5.

1. Macro & Financial Sector Overview

6.

Macro overview Moving ahead but at a slower pace

• Monetary Policy: Applied tighter monetary policy to curb high inflation levels in the 1H.

• March/April Lebac rate: 38%

• Since then, BCRA started to reduce interest rates following the deceleration in inflation.

Currently 26.75%

• Tax amnesty: Was approved by the Congress but is expected to finance increased pension

expenses following the Social Security package. Capital flows to the country may also

increase.

• Public Utilities:

• Increases during 2Q in Public Utilities and transportation, deteriorated consumer confidence

and resulted in the contraction of disposable income.

• The attempt of removing gas and electricity subsidies faced public opposition and legal issues

in Federal Courts. Supreme Court suspended Gas prices increases for residential users.

• Required public hearings will be held in September.

• Hikes in inflation during April and May

• INDEC resumed the publication of its own CPI. The new index covers Greater Buenos Aires

area, and showed a monthly increase of 4.2% in May, 3.1% in June, 2.0% in July and 0.2% in

August. Core Inflation showed a monthly increase of 2.7% in May, 3.0% in June, 1.9% in July

and 1.7% in August

• July and August measures are showing decreases in the inflation rate

6

• Social security package (“Ley de Reparación Histórica”):

• One-off payment to pensioners that have been receiving a lower pension than they should

• Raises in monthly pensions above inflation.

• Social security package will reach 2.3 millon of Senior Citizens

Inflation

Pension

Benefits

Monetary

Policy

Fiscal

Policy

Macri

Administration

A

B

C

D

Agenda

Economic

Activity

Politics

E

F

G

Monetary

Policy A

Fiscal

Policy

C

Pension

Benefits D

B

Inflation

Government

policies

Looking ahead

7

Inflation

Pension

Benefits

Monetary

Policy

Fiscal

Policy

Macri

Administration

A

B

C

D

Agenda

Economic

Activity

Politics

E

F

G

Economic

Activity E

Politics F

Agenda G

To continue implementing the ambitious reform agenda, the Macri Administration still has

multiple challenges:

• to curb inflation in a sustainable way

• to reduce a high fiscal deficit

• to take the economy out of the current recession and shift the economic model to one based

on higher savings and investments rates

It is expected an improvement in economic activity since 4Q16:

• Infrastructure projects were approved and companies are starting hiring people. It will foster

demand

• Social security package will significantly increase Senior Citizen's disposable income in real

terms

• Government´s approval ratings remain elevated (43%), although the disapproval rate

has climbed (to 42% in July from 37% in March)

Government

policies

Looking ahead

Macro overview Moving ahead but at a slower pace

24% 27% 30% 33% 35% 41% 44% 47%

39%

19%

2.0%

3.9% 4.1% 4.0% 3.3%

6.5%

5.0%

3.2%

YoY Monthly

Source: IPC Ciudad de Buenos Aires and Monetary Policy report BCRA

Inflation

Consumer Confidence GDP Growth

2.3%

-2.6%

2.4%

-1.5%

3.2%

0.5%

-1.3%

2013 2014 2015 2016e 2017e 1Q16 2Q16e*growth

Source: Monetary Policy report BCRA

Lebac Rate

33.0% 30.8% 31.2% 38.0% 38.0%

34.3% 30.8%

25.5%

End of periodSource: REM. BCRA

Macro Overview Weaker than Anticipated Economy in 1H16; Recovery Expected in 2017

8

60.4

54.9 54.0 45.6 48.2 43.2 42.7 42.7 45.6 42.8

6.0%

-9.0%

-1.6%

-15.6%

5.6%

-10.3%

-1.2% 0.2%

6.8%

-6.2%

Index Monthly

Source: Consumer Confidence report UTDT

*According to August´s Market Expectations Survey, Lebac Ratefor December 2016 decreased to 25.0% from 25.5% in the previous month.

Loans to Private Sector Deposits from Private Sector

Badlar Rate (Private Banks Deposit Rate)

673 723 805 823 890

8.0% 7.5%

11.3%

2.3%

8.1%

2Q15 3Q15 4Q15 1Q16 2Q16*

Loans to Private Sector QoQ growth

20.9% 21.5% 24.7%

28.1% 30.8%

20.9% 21.3%

29.9% 30.9% 27.5%

2Q15 3Q15 4Q15 1Q16 2Q16

Badlar Avg. Badlar EoP

865 908 1,049 1,105 1,182

12.3%

5.0%

15.4%

5.4% 6.9%

2Q15 3Q15 4Q15 1Q16 2Q16*

Deposits from Private Sector QoQ growth

In AR$ billion In AR$ billion

In AR$ billion

Loans to private sector rose 8.1% QoQ, driven mainly by

a 12% increase in corporate loans, principally in US$ loans.

Slowdown in retail loan growth

YoY, loans to private sector up 32%, with corporate loans

growing 31%

Deposits from private sector up 36.5% YoY, reflecting

growth in time deposits and US$ deposits.

Average Badlar rate up 270 basis points QoQ to 30.8%,

with the rate falling to 27.5% at the end of June and 25.6%

at the close of July, mirroring the decline in the Lebac rate.

Financial Sector System Loans and Deposits Expanding Below Inflation

9 *Preliminary figures

32.3% 36.5%

The Argentine Banking Business has the Potential

for a New Growth Cycle

Notes

1. Source: IMF WEO Database as of October 2015

2. Source: Inter-American Development Bank & Each country’s insurance regulator

3. As of Dec-15 for all countries except Argentina (as of Sep-15)

4. Source: Each country’s financial regulatory agencies 10

Argentina: Third Largest Economy of Latin

America 2015E GDP (PPP US$ Bn)(1)

Under-developed Banking & Insurance

System As a % of GDP (%)(2)

15.7 18.3 22.4 13.8 23.6 12.1

2015E GDP Per Capita (PPP US$)

4.3 2.6 2.4 1.8 1.9 1.5

% 2015 Insurance Premiums Written(3) 2014 Loans to the Private Sector

...and Strong Capitalization Levels

Shareholders’ Equity as a % of Total Assets (%)

…In a less concentrated Banking System…

December 2015 Market Share of the Top 5 Banks of Each Country (%)(4)

3,208

2,220

964 665 424 385

Brazil Mexico Argentina Colombia Chile Peru

11.3 11.2 11.5 12.1 12.5 12.3

2010 2011 2012 2013 2014 2015

75.9

53.3 43.6

31.4 17.9 12.1

Chile Brazil Colombia Peru Mexico Argentina

86.5 74.1 73.2 72

63.4 51.3

Peru Brazil Chile Mexico Colombia Argentina


Who we are



Contents

2.

3.

4.



6.


Why Raised

Capital & Post IPO

Capital

Deployment Plan

Our Business

Model

Who We Are

SUPV at a glance……

12

1

2

3

Fast growing financial services group in Argentina

We operate a network and client base with a strong capacity for growth with the

new capital

We are a universal financial services platform with nation-wide distribution and

leadership position in consumer finance, retirees, SME and middle market with

high margin and potential for continued growth

2Q16:

SUPV Financial

Performance

We began to deliver on Growth Strategy; Consumer Portfolio impacted by high

inflation and lower positive short term expectations

4

Notes: All figures as of June 30, 2016; assumed ARS/USD 14.92

1. Total loans and leasing; includes securitized portfolio

2. Argentine Financial System excluding public banks

3.includes 145 bank branches, 32 senior citizen centers, 11 banking payment and collection centers, 67 CCF sales points in Walmarts, 20 consumer finance branches and 41 consumer finance sale points and 9 microfinance branches

4. Last twelve month

5.Figures as of June 30, 2016

Who we are

Consumer

Finance

Asset

Management Services Insurance

Integrated Financial Platform(5)

Track Record of Strong Growth(5)

2001 Jun 16

93

1,974

Loans (US$MM) (1) Distribution Network (3) Employees

23

325

515

4,910

Δ

21x

Δ

14x

Δ

10x

2001 Jun 16 2001 Jun 16

Main Segments Cross-Selling Segments

Corporate

Banking

Retail

Banking

$0,9Bn

Loans (1)

$1.3Bn

Deposits

$155MM

Deposits

$234MM

Loans $520MM

AUM

$32MM

GWP4

$10.6MM

Net

Revenue4

$0.8Bn

Loans (1)

13

Growth and Success

Loan Market Share Financial System – Excluding Public Banks(%)

4.0%

0.2%

0.0

1.0

2.0

3.0

4.0

2001 2003 2005 2007 2009 2011 2013 2015 jun-16

4.2%

Excluding Securitized Portfolio

Ample Room for Growth in our Network

Loans per Branch in ARS MM

Track record of strong organic

growth combined with

strategic acquisitions

(2)

High Growth Financial Services Franchise in an Industry with Strong Potential

1.8MM

Customers

15k

Customers

439k

Customers

127 137 195

238 298 19 21

18

25

16

146 158

213

263

314

BancoSupervielle

Macro Private System Frances Galicia

Mar 16 (pre IPO)

Var

Mar 16-Jun 16

Mar 16 (pre IPO)

1,738 325

4,884

May 19, 2016

Mar 16 (pre IPO)

Mar 16 (pre IPO)

14

Julio Patricio Supervielle Economic interest 53.7%

Voting rights 80.7%

Pilar Isabel Estela Supervielle

4.2%*

Coqueugniot family 1.8%

Float 40.3%

Shareholders [%]

*Directly and Indrectly through Lankory International

Supervielle Completed Successful IPO on May 19, 2016

Raised U$S 253 million primary, U$S 70 million secondary

SEC Registered – Public Offering authorized by the CNV

Three times oversubscribed

First Argentine banking IPO since 2007 and first LatAm IPO since July 2015

Economic

interest

40.3%

Voting rights

16.8%

Float Shares IPO price Allocation

9,529,132

Class B

Shares

27,419,191

ADS´s 1

US$ 2.2

U$S 11

7%

93%

15

1. 5 shares= 1 ADS

16

Experienced Management

Team with Longstanding

Industry Expertise

Chief Financial

Officer Alejandra Naughton

Chief Operating

Officer Jose Luis Panero

Patricio Supervielle

Chairman & CEO

Chief Technology

Officer Marcelo Vivanco (**)

Supervielle Asset

Management

CEO Guillermo Guichandut

Cordial Servicios

CEO Martin Monteverdi

Supervielle Seguros

CEO Diego Squartini

Banco Supervielle

CEO Nerio Peitiado

Cordial CF &Tarjeta

Automática

CEO Carlos Depalo

Corporate Governance

Patricio Supervielle Chairman of the Board

Jorge Ramírez Vice-Chairman of the Board

Alejandro Stengel Second Vice-Chairman of the Board

Richard Guy Gluzman Board Member

Atilio Dell’Oro Maini Board Member

Laurence Loyer Board Member (*)

Diana Mondino Independent Board Member

Gabriela Macagni Independent Board Member

BOARD

(*) complies with independent criteria under NYSE rule

(**) Starting mid September

Internal Auditor Leandro Conti

Chief Risk Officer Javier Conigliaro

Cordial Microfinanzas

CEO César Simurro

Chief of Operations Claudia Andretto

Chief Legal &

Compliance Officer Sergio Gabai

Chief Human

Resources Officer Santiago Batlle

Chief Credit Risk

Officer Javier Martinez Huerga


Who we are




Contents

2.

3.

4.



6.

18

Leading Consumer Finance Business

• Strategic partnership with Walmart provides access to middle and

low income population

– Agreement renewed in 2014 for 4th consecutive time through

2020

– Longstanding agreement with extensive infrastructure

investments from both parties

• Hiper Tehuelche and Tarjeta Automática complement presence in

Patagonia region

• Strong growth potential:

– Expansion of Walmart stores, combined

with deeper penetration rates

– Cross-selling and loyalty programs

• First private MasterCard issuer

Main Distribution Channels (1)

Sales & Collections Centers

Clients

Coverage

Loans

67

375K

Larger Cities

38

64K

Patagonia

Differentiated Retail Focus

Customer-Oriented, Complementary Distribution Networks:

• Bank Branches: Presence in high income locations in City of Buenos

Aires, Greater Buenos Aires and in the Cuyo Region

• Senior Citizens Service Centers: #1 private servicer of social security

payments

– Large client base with low acquisition cost

– Dedicated infrastructure with 78 dedicated branches and senior

citizens centers and longstanding focus on segment create barriers

to entry

– Client segment with low credit risk, source of stable low cost funding

Note:

1. As of June 30, 2016

A

B

ARS 3.5Bn

Segmented Distribution Model Tailored Offering Designed for Each Core Segment

http://www.google.com.ar/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCNmdnPal5scCFcI-PgodeR4G8g&url=http://www.patagonianexo.com.ar/v2/clausuran-el-hiper-tehuelche-de-las-heras-y-camino-se-sumo-a-las-criticas-contra-costa/&psig=AFQjCNEsT7WAxiC_junlDq4TD3g5JE5QWA&ust=1441762439452677

19

• Special focus on small and

medium enterprises, comprised

by higher margin clients

• Network of hubs distributed

across main provinces in the

country

Proximity to Clients

(Through Hubs)

Partnership with Clients

(Via Value Chain)

Efficient Underwriting

(Streamlined Process)

Personalized Attention

(Strong Product & Client Knowledge)

Customized

Value

Proposition

Products & Services Across the Value Chain

Segments

Middle Market SMEs Corporates

Foreign Trade and Financings

• Foreign Trade Transactions • Pre Financing of Exports • International Factoring (“FCI”)

3 Treasury Management

• Cash Management • Corporate Deposits

4 5 Payroll

• Payroll services

Short-term Financing

• Overdrafts • Factoring • i-Factus • Public works certificates • Warrants • MGS (1)

1 Medium / Long-term Financing

• Leasing • Secured Loans • Project Finance / Syndicated Loans • Mandatory Credit Lines (LIPs)

2

One-Stop Shop Franchise Servicing Clients Across the Value Chain

Notes

1. Mutual Guaranteed Societies

SME & Middle Market Focused Corporate Franchise

• Leadership in factoring and

leasing products

• Expertise in core businesses

of regional economies

(infrastructure and wine

industry)

SME & Middle Market Model Based on Service

20

Notes

1. Includes 145 bank branches, 32 senior citizen centers, 11 banking payment and collection centers, 67 CCF sales points in Walmart, 20 consumer

finance branches and 41 consumer finance sale points, and 9 microfinance branches

Distribution Network and Client Base with Strong Growth Potential

• Branches: 20

• Sale Points: 41

• Employees: 472

• Branches: 66 (inside

Walmart Stores)

• Employees: 710

• Access Points(1): 188

• Self Service: 158

• ATMs: 491

• Employees: 3,465

Presence in

Argentina’s

major regions

and cities

where the

GDP per-

capita is

above

US$12,000

National footprint with strong capacity to capture growth by

increasing utilization

Over 2MM clients with potential for additional cross-selling

of our array of products

Developed know-how in strategic segments

Capacity to Absorb Growth with the new Capital Strong Origination Capacity with Nationwide Network Already in Place

Our strategy for Capital Deployment

• Larger ticket per client

• Increase transactional services becoming principal bank

• Special focus on strategic relationships in key dynamic industries such as infrastructure and energy

Middle Market & SME

A

• By leveraging our middle market strategy, to increase penetration in high quality payroll customers

• Leverage our retail-oriented client base to increase our cross-selling capabilities in affluent and small business segments

• Mortgages and Car Loans

Consumer Finance

Retail Banking B

• Accompany Walmart growth strategy and increase penetration in target customers

• Larger capital base should enable us to forge alliances with medium retail chains

C

Our Higher Capital Base to Unlock Superior Growth Potential

Ag

gre

ss

ive D

igita

l Stra

teg

y

21

7.2

8.1

15.3 13.5

Mar-16Tier I Ratio

Capital Injection Consolidated pro formawith RWA as of mar-16

Actual Consolidatedpro forma as of jun-16

Use of Proceeds Moving Ahead with Our Capital Deployment Plan

AR$2.0 Bn

AR$280 Mn

Amount

• Capital injection in

Banco Supervielle

• Capital injection in

consumer finance

business (CCF)

Use of Proceeds

• Retained funds at

the HoldCo AR$1.1 Bn

Executed as of June 30, 2016

• Paid-down maturing debt of AR$104 Mn

• Remaining funds invested in mutual funds

posting a 33.7% annualized return in

June’16

• Plan to continue redeeming existing debt

depending on opportunity cost:

• Paid-down AR$23 million Notes in July

• Excess liquidity of approx. AR$600 million

to fund growth following debt pay down

Capital Deployment

Tier I Ratio (%)

• Total funds:

AR$3.4 Bn

• U$S converted

into AR$ at

13.93

• 27 days of total

fund availability

in 2Q16

Proceeds

22


Who we are




Contents

2.

3.

4.



6.

Loan Portfolio

24

6,880 8,262 12,153

15,605 21,856

27,409

1,668 2,566

2,564

3,126

2,785

2,040

8,548 10,828

14,717

18,731

24,641

29,449

2011 2012 2013 2014 2015 1H16

Total Loans and Leasing Securitized Loans and Leasing

2.4% 4.2%

3.0% 3.0% 3.2% 3.1%

1.8%

3.0%

3.8%

2.9% 3.1%

4.2%

2011 2012 2013 2014 2015 1H16

NPL Ratio Cost of risk

Asset Quality

Coverage

ratio (%)

107.7% 84.7

%

94.0

% 88.9

%

83.2

%

89.7

%

41%

47%

12%

Portfolio breakdown

Corporate Retail Consumer Finance

Loan Portfolio Evolution

Loan Portfolio Breakdown

58.4%

41.6%

Corporate Portfolio breakdown*

SME´s & Middle Market Large

57.0%

8.0%

35.0%

Retail Portfolio breakdown

Senior Citizens

Entrepreneurs & Small Businesses

Payroll & Open market Customers

*SME´s considers annual sales between AR$ 40-200 million, Middle Market considers annual sales between AR$ 200-800 million and Large considers annual sales over AR$ 800 million.

Funding & Deposits base

25

Loans to

Deposits2 92.4%

92.2%

Funding

Deposits breakdown

1 Includes: Other liabilities resulting from financial brokerage and Subordinated Negotiable Obligations 2Loans to total deposits: Loans include loans, receivables from financial leases and other receivables from financial transactions covered by the Central Bank’s debtor classification regulations.

44.0%

32.7%

16.1%

7.2%

2015

Time Deposits Savings accounts

Checking accounts Other

37.9%

37.0%

21.9%

3.1%

1H16

99.1%

7,238 9,302

12,819 16,893

23,716 27,652

1,489

1,845

2,502

3,522

5,279

5,524

677

988

1,352

1,707

2,374

5,997

1,347

1,965

2,063

2,571

2,150

1,582

10,751

14,100

18,737

24,693

33,518

40,755

2011 2012 2013 2014 2015 1H16

Financial trust debt securities remaining balance Shareholders equity Other Fis & Subordinated Negotiable Obligations1 Deposits

SUPV Financial Ratios

26

Net Service Fee Income Ratio

44.5% 42.6% 43.6% 40.6% 40.0% 36.3%

2011 2012 2013 2014 2015 1H16

Net Interest Margin (NIM)

13.5% 17.3% 16.4% 17.4% 18.1%

20.4%

2011 2012 2013 2014 2015 1H16

25.2%

37.9% 30.8%

22.7%

32.2%

20.0%

2011 2012 2013 2014 2015 1H16

Return on Average Equity (ROAE)

1.6%

2.9% 2.5%

1.8% 2.5%

1.9%

2011 2012 2013 2014 2015 1H16

Return on Average Assets

(ROAA)

81.0%

74.5% 74.1%

78.3% 76.2%

72.9%

2011 2012 2013 2014 2015 1H16

Efficiency Ratio

54.9% 57.3%

58.8%

51.8% 52.4% 49.9%

2011 2012 2013 2014 2015 1H16

Net Fee Income as % of administrative

expenses

Net Interest Margin: Net interest income divided by average interest earning assets.

Net Fee Income Ratio: Net services fee income + Income from insurance activities divided by the sum of gross financial margin and net services fee income.

Net Fee Income as a % of Administrative Expenses: Net services fee income + Income from insurance activities divided by administrative expenses.

ROAE: Net income divided by average shareholders’ equity, calculated on a daily basis and measured in local currency.

ROAA: Net income divided by average assets, calculated on a daily basis and measured in local currency.

Efficiency ratio: Administrative expenses divided by the sum of gross financial margin, services fee income and expenses and income from insurance activities.


Who we are




Contents

2.

3.

4.



6.

Loan portfolio, including securitized assets, up 16.2% QoQ - above inflation - as Supervielle

began to deploy capital raised in the IPO, driven mainly by the Corporate segment.

Asset quality in Consumer Finance impacted by challenging and volatile economy which

significantly impacted consumers’ disposable income. Maintained our conservative credit scoring

standards.

NIM at 20.4%, improving 270 bps YoY and 40 bps sequentially, driven by market deregulation

initiatives and payment of high interest debt.

Efficiency ratio at 72.1% improving 170 bps QoQ reflecting the impact on financial income from

the IPO proceeds based on current infrastructure. Room for ongoing improvement.

Profitability up 361.7% YoY, but down 3.9% QoQ impacted by asset quality resulting in net

income of AR$167.9 million.

Second Quarter 2016 Highlights Beginning to Deliver on Growth Strategy; Consumer Portfolio Impacted by

high inflation and lower positive short term expectations

28

Loan Performance

Notes

1. Denotes loans and leases before allowances

Loans & Leasing, plus Securitized Portfolio (AR$ Million) (1)

On-balance sheet loans up 17.7% QoQ and 49.8% YoY, while securitized loans decline in line with post IPO

funding strategy. Private Banks loans up 9.0% QoQ and 34.3% YoY

Loan growth mainly driven by corporate segment

27 days of total fund availability in 2Q16

Achieved 16% Sequential Loan Expansion; Up 42% YoY

29

Total Loans Breakdown (%) Loans & Leasing, plus Securitized Portfolio

18,302 19,957 21,856 23,283

27,409

2,412 2,507

2,785 2,057

2,040

8.4%

9.7% 2.8%

16.2%

2Q15 3Q15 4Q15 1Q16 2Q16Loans & Leasing Securitized loan portfolio

42.2%

20,714 22,463

24,641 25,340

29,449

35% 41%

52% 47%

13% 12%

1Q16 2Q16


Loan Performance Unlocking Superior Growth Potential in the Corporate Segment; Retail

and Consumer Finance Impacted by Challenging Economy

Total Loan Portfolio Breakdown by Segment

Loans & Leasing, plus Securitized Portfolio (AR$ Million) (1)

Above-market growth post-IPO driven

mainly by foreign trade-related loans

Strategy

Larger ticket per client

Increase transactional services to become

primary bank

Focused on increasing business with

strategic clients in growing industries i.e.

agribusiness, infrastructure and energy

Lower growth reflects consumer sentiment

and loan demand given client mix

Pensioneers’ Reparation Bill enacted in July

Strategy

Consolidate atomized & stable funding base

in senior citizens

Leverage middle-market relationships to

grow penetration in quality payroll clients

Leverage retail client base to increase

cross-selling capabilities in affluent and

small business segments

Longer-term offer mortgages & car loans

Significant contraction in consumers’

disposable income impacts asset quality

Maintain conservative origination standards

Strategy

Leverage Walmart’s growth strategy to

increase penetration of target customers

Larger capital base provides opportunity to

form alliances with medium retail chains

30

7,264 7,743 8,180 8,388

11,415 7,580 8,021 8,419 8,549

11,483

2Q15 3Q15 4Q15 1Q16 2Q16

8,498 9,586 10,421 11,201 11,748

10,256 11,355 12,483 12,751 13,092

2Q15 3Q15 4Q15 1Q16 2Q16

Loan Loans (incl. Securitized portfolio)

1,901 1,975 2,349

2,917 2,966

2,162 2,345 2,753

3,197 3,496

2Q15 3Q15 4Q15 1Q16 2Q16

51.5% 27.6% 61.7%


5.8% 5.0% 1.5% 34.3% 10.7% 9.8% 2.1% 2.7%

8.6% 17.3% 16.1% 9.5%

Note: Denotes loans and leases and securitized loan portfolio after allowances

Funding

Total Deposits

(AR$ Million)

13.6%

Loans to

Total

Deposits

2.7% 14.8% 2.6%

59%

41% Retail

Institutional

Total deposits amounted to AR$27.7 Bn in 2Q16, up 14%

QoQ and 37% YoY.

Low-cost checking and savings accounts represented 59% of

deposits.

Retail deposits (savings accounts and time deposits)

represented 59% of total deposits.

Loans to deposits reached 99.1% vs. 95.7% in 1Q16

reflecting the high liquidity derived from the IPO.

Deposit Breakdown In %

20,120 20,651 23,717 24,347

27,652

2Q15 3Q15 4Q15 1Q16 2Q16

91.0% 96.7% 92.2% 95.7% 99.1%

37.4%

Saving Accounts

Time Deposits

Checking Accounts

Others

Significant Capital Increase Supports Broad Funding Base Contributing to

Lower Cost of Funding

31

Deposits - Q-Q Variations In %

-5% 5%

15% 0%

10%

14% 5% 9%

-7% 5%

1% 11%

3% 10% 7%

20%

-4%

22%

4%

27%

2Q15 3Q15 4Q15 1Q16 2Q16

QoQ variation

2Q16 Gross financial margin up 80% YoY:

A 45.5%, or AR$8.8 billion, increase in average earning assets, while average interest bearing liabilities increased 38.9%, or

AR$6.2 billion, and non-interest bearing checking accounts rose 41.3%, or AR$1.9 billion, and

A 360 bps increase in the average interest rate earned on assets, while interest paid on interest bearing liabilities rose 240

bps.

NIM stood at 20.4% in 2Q16 compared to 17.7% in 2Q15 and 20.0% in 1Q16.

Gross Financial Margin & NIM Gross Financial Margin up 18% QoQ Driven by Growth in Low Cost

Deposits, Market Deregulation Initiatives & Payment of High Interest Debt

32

724.0 854.4

1,076.9 1,105.6

1,304.4 1,424.4

2,410.0

2Q15 3Q15 4Q15 1Q16 2Q16 1H15 1H16

Gross Financial Margin

(AR$ Million) Net Interest Margin (NIM)

17.7% 18.9%

17.5% 20.0% 20.4%

18.3% 20.3%

2Q15 3Q15 4Q15 1Q16 2Q16 1H15 1H16

80.2%

69.2%

Net Service Fee Income Up 16% YoY and 3% QoQ. Deregulation Not Fully

Effective until September 2016; Significant Growth in Insurance

477.4 533.8

614.0 538.6 555.3

909.4

1,093.9

2Q15 3Q15 4Q15 1Q16 2Q16 1H15 1H16

Net Service Fee Income Ratio*

16.3%

20.3%

Net Service Fee Income

(AR$ Million) Income from Insurance Activities

(AR$ Million)

36.9 42.1 62.0

117.9 164.4

71.8

282.3

2Q15 3Q15 4Q15 1Q16 2Q16 1H15 1H16

41.5% 40.3% 38.6% 37.3% 35.6% 40.8%

36.3%

2Q15 3Q15 4Q15 1Q16 2Q16 1H15 1H16

293.1%

345.2%

Service Fee Income & Income From Insurance Activities

33 *Includes income from insurance activities

Net Service Fee Income growth below inflation despite solid

business dynamics in deposits, checking and savings

accounts

Regulations in 4Q15 limited the ability of financial

institutions to receive remuneration from credit-related

insurance products.

Regulatory restrictions in fee pricing eliminated in Mar’16,

with a 20% transition increase starting June 1, 2016, and

fully effective starting September, 2016.

Income from Insurance activities driven by rapid growth at

Supervielle Seguros since start-up in 4Q14.

Asset Quality While Risk Policies Remained Unchanged, Challenging and Volatile

Economy Significantly Contracted Consumers’ Disposable Income

34

Consumer Finance –Lagged Delinquency

Loan Loss Provisions Evolution

NPLs Ratio 1H16 1Q16 FY15 9M15 1H15

Corporate Portfolio 0.5% 0.6% 0.7% 0.7% 0.8%

Personal Loans 6.4% 4.7% 5.6% 5.1% 5.4%

Credit Card Loans 4.5% 3.6% 4.3% 4.6% 5.0%

TOTAL 3.1% 2.7% 3.2% 3.1% 3.3%

6%

7%8%9%

10%11%12%

13%14%

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

30+ Lagged Delinquency – Personal Loans*

2013 2014 2015 2016

6%

7%

8%

9%

10%

11%

12%

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

30+ Lagged Delinquency – Credit Cards*

2013 2014 2015 2016

127 99

188 184

296

3.0%

2.1%

3.6% 3.4%

5.0%

Coverage

ratio (%)

* Managerial analysis

Administrative Expenses & Efficiency Ratio

(AR$ Million)

Administrative expenses rose 12.2% QoQ in 2Q16, mainly due to increases of:

5.7% in personnel expenses driven by higher salaries resulting from the 33% collective bargaining agreement

completed in April, and 2.5 pp retroactive accrual to adjust for a lower provision in 1Q16.

54.4% in non-income taxes, mainly driven by one-time IPO-related taxes.

IPO proceeds expected to drive economies of scale with limited additional infrastructure investments.

1,081.1 1,058.7 1,196.2 1,299.6 1,458.7 2,006.4

2,758.2

87.3%

74.0% 68.2%

73.8% 72.1%

83.4%

72.9%

2Q15 3Q15 4Q15 1Q16 2Q16 1H15 1H16

Admistrative Expenses Efficiency Ratio

34.9% 37.5%

Administrative Expenses Improvement in Efficiency Ratio Driven by IPO Proceeds; Further Declines

Expected as Supervielle Implements its Growth Strategy

35

7.3%

36.7%

61.6%

27.5%

15.6% 12.4%

20.0%

2Q15 3Q15 4Q15 1Q16 2Q16 1H15 1H16

0.6%

2.8%

4.7%

2.1% 1.8% 1.0%

1.9%

2Q15 3Q15 4Q15 1Q16 2Q16 1H15 1H16

36.4

193.1

360.1

174.7 167.9

120.9

342.6

2Q15 3Q15 4Q15 1Q16 2Q16 1H15 1H16

183.3% 361.7%

ROAE ROAA

Net income was AR$167.9 million up 361.7%

YoY, but down 3.9% QoQ.

Longer term, effective tax rate anticipated to

approximate 35% or lower.

Capital raised in the IPO resulted in a 135.3%

increase in equity and explains the temporary

dilution in ROAE in 2Q16.

Net Income (AR$ Million)

Net Income Up 361.7% YoY, but QoQ Impacted by Asset Quality, Despite

Loan Growth and Efficiency Improvement

Profitability

36

2016 Guidance

37

GDP1 expected to contract by 1.5% in 2016

Inflation1 trending down to 1.8% December, expected to be 42% for full

year 2016

Average Deposit rate2 (BADLAR) expected to reach 23.5% in

December 2016

2016 MACRO ASSUMPTIONS

47-57% Total Loan Growth3

FY 2016 EXPECTATIONS

3.0 – 3.2% NPL Ratio

17 – 20% NIM

66 – 71% Efficiency Ratio

AR$ 1.2 – 1.4 Bn Net Income4

11.5 – 12.5% Tier 1 Ratio

1 Source: Market Expectations Survey (Jul-16). According to August´s Market Expectations Survey, monthly inflation for December 2016 decreased to 1.6% from 1.8% in the previous month,

while GDP estimate remained unchanged. 2 Company estimate. 3 Including leases and securitized portfolio. 4 This represents an increase of between 78% and 108% in the year.


Who we are




Contents

2.

3.

4.



6.

Appendix I: Financial Statements

39

Grupo Supervielle – Summary Consolidated Balance Sheet

Assets

Cash and Due from Banks 4,770 6,809 3,649 2,663 2,177 1,230 1,017

Government and Private Securities 4,645 932 1,008 485 230 339 431

Loans, net 25,306 20,148 15,013 11,634 7,089 6,455 4,523

Allowances for Loan Losses (697) (617) (417) (342) (285) (167) (102)

Other Receivables 3,142 2,462 2,264 1,742 1,737 1,043 690

Leasing 1,389 1,075 584 512 594 420 312

Other Assets 1,709 1,620 1,140 1,125 1,149 566 389

Total Assets 40,960 33,046 23,241 17,418 12,692 9,885 7,260

Liabilities and Shareholders’ Equity

Deposits 27,652 23,717 16,893 12,819 9,302 7,239 5,631

Other Liabilities 7,311 6,956 4,641 3,247 2,402 1,969 1,151

Total Liabilities 34,963 30,672 21,534 16,066 11,703 9,208 6,782

Shareholders’ Equity 5,997 2,374 1,707 1,352 988 677 478

Total Liabilities and Shareholders’ Equity 40,960 33,046 23,241 17,418 12,692 9,885 7,260

[ArPs million] 2015 2014 2013 2012 2011 2010

Source: Company filings

June-16

Audited – December 30th,

Limited

Review


40

Grupo Supervielle – Summary Consolidated Income Statement – Accumulated Figures


Financial Income 4,895.6 2,926.7 6,741.7 4,751.4 3,045.4 2,210.3 1,475.6 923.9

Financial Expenses (2,485.6) (1,502.3) (3,386.1) (2,464.5) (1,303.9) (818.3) (603.2) (337.5)

Gross Intermediation Margin 2,410.0 1,424.4 3,355.7 2,286.8 1,741.5 1,392.0 872.4 586.3

Provision for Loan Losses (479.6) (257.5) (543.8) (356.5) (350.5) (209.8) (99.1) (67.8)

Income from Services 1,586.5 1,257.6 2,835,7 2,162.8 1,765.7 1,289.7 860.7 608.2

Expenses for Services (492,6) (348.2) (778.5) (610.3) (421.6) (254.7) (161.4) (104.2)

Income From Insurance Activities 282.3 71,8 175.9 8.5 - - - -

Administrative Expenses (2,758,2) (2,006.4) (4,261.4) (3,013.8) (2,287.2) (1,807.7) (1,273.0) (873.1)

Net Gain from Financial Transactions 548.4 141.7 783,6 477.5 447.8 409.5 199.5 149.4

Miscellaneous Income 182.1 115.2 367,2 190.0 129.2 72.5 52.6 49.9

Miscellaneous Losses (205.3) (86.8) (213,4) (91.8) (95.7) (71.1) (59.6) (54.2)

Minority Interest (6.9) (4.2) (16,1) (13.7) (10.6) (9.6) (5.2) (11.7)

Income before Income Tax 518,3 165.9 921,3 562.0 470.8 401.3 187.3 133.5

Income Tax (175.7) (44.9) (247,2) (199.1) (97.8) (75.1) (43.5) (40.7)

Net Income 342.6 120.9 674,1 362.9 373.0 326.2 143.6 92.7

[ArPs million]

Audited – December 30th,

2015 2014 2013 2012 2011 2010 1H15 1H16

Limited Review – June 30th,


41

Grupo Supervielle – Summary Consolidated Income Statement - Quarterly Figures


Financial Income 2,557.0 2,338.7 2,083.1 1,731.9 1,531.1 9.3% 67.0%

Financial Expenses (1,252.6) (1,233.1) (1,006.2) (877.5) (807.0) 1.6% 55.2%

Gross Intermediation Margin 1,304.4 1,105.6 1,076.9 854.4 724.0 18.0% 80.2%

Provision for Loan Losses (295.9) (183.6) (187.9) (98.5) (126.6) 61.1% 133.8%

Income from Services 813.1 773.5 844.4 733.7 665.0 5.1% 22.3%

Expenses for Services (257.7) (234.9) (230.4) (199.9) (187.6) 9.7% 37.4%

Income From Insurance Activities 164.4 117.9 62.0 42.1 36.9 39.4% 345.2%

Administrative Expenses (1,458.7) (1,299.6) (1,196.2) (1,058.7) (1,081.1) 12.2% 34.9%

Net Gain from Financial Transactions 269.5 278.9 368.9 273.1 30.7 -3.3% 779.3%

Miscellaneous Income 108.2 73.9 151.8 100.2 65.0 46.5% 66.6%

Miscellaneous Losses (96.1) (109.2) (57.1) (69.6) (46.7) -12.0% 105.9%

Minority Interest (2.8) (4.0) (6.5) (5.4) (1.8) -29.9% 62.2%

Income before Income Tax 278.8 239.5 457.1 298.4 47.2 16.4% 490.9%

Income Tax (110.9) (64.8) (96.9) (105.3) (10.8) 71.0% 926.1%

Net Income 167.9 174.7 360.1 193.1 36.4 -3.9% 361.7%

[ArPs million] 4Q15 3Q15 2Q15 YoY QoQ 1Q16 2Q16

Appendix I: Ratios

42

Grupo Supervielle Key Indicators: Accumulated

1H16 1H15 2015 2014 2013 2012 2011

KEY INDICATORS

Profitability & Efficiency

ROAE 20.0% 12.4% 32.2% 22.7% 30.8% 37.9% 25.2%

ROAA 1.9% 1.0% 2.5% 1.8% 2.5% 2.9% 1.6%

Net Interest Margin 20.3% 18.3% 18.1% 17.4% 16.4% 17.3% 13.5%

Net Fee Income Ratio 36.3% 40.8% 40.0% 40.6% 43.6% 42.6% 44.5%

Net Fee Income as a % of Administrative Expenses 49.9% 48.9% 52.4% 51.8% 58.8% 57.3% 54.9%

Efficiency Ratio 72.9% 83.4% 76.2% 78.3% 74.1% 74.5% 81.0%

Liquidity & Capital

Loans to Total Deposits1 99.1% 91.0% 92.2% 92.4% 94.8% 88.8% 95.1%

Total Equity as a % of Total Assets 14.6% 6.6% 7.2% 7.3% 7.8% 7.8% 6.8%

Regulatory Capital/ Risk Weighted Assets2 13.9% 8.7% 8.7% 8.9% 9.0% NA NA

Consolidated Tier 1 Capital / Risk weighted assets 13.5% 6.8% 6.7% 6.9% 6.7%

Asset Quality

NPL Ratio 3.1% 3.3% 3.2% 3.0% 3.0% 4.2% 2.4%

Allowances as a % of Total Loans 2.6% 2.8% 2.9% 2.7% 2.9% 3.5% 2.5%

Coverage Ratio 83.2% 85.6% 89.7% 88.9% 94.0% 84.7% 107.7%

Cost of Risk 4.3% 3.3% 3.1% 2.9% 3.8% 3.0% 1.8%

On Balance Sheet Loans/Total Deposits.

This ratio applies only to the Bank and CCF on a consolidated basis.

Appendix I: Ratios

43

Grupo Supervielle Key Indicators: Quarterly

2Q16 1Q16 4Q15 3Q15 2Q15

KEY INDICATORS

Profitability & Efficiency

ROAE 15.6% 27.5% 61.6% 36.7% 7.3%

ROAA 1.8% 2.1% 4.7% 2.8% 0.6%

Net Interest Margin 20.4% 20.0% 17.5% 18.9% 17.7%

Net Fee Income Ratio 35.6% 37.3% 38.6% 40.3% 41.5%

Net Fee Income as a % of Administrative Expenses 49.3% 50.5% 56.5% 54.4% 47.6%

Efficiency Ratio 72.1% 73.8% 68.2% 74.0% 87.3%

Liquidity & Capital

Loans to Total Deposits1 99.1% 95.7% 92.2% 96.7% 91.0%

Total Equity as a % of Total Assets 14.6% 7.3% 7.2% 7.2% 6.6%

Regulatory Capital/ Risk Weighted Assets2 13.9% 9.3% 8.7% 8.5% 8.7%

Proforma Consolidated Tier 1 Capital / Risk weighted assets 3 13.5% 7.2% 6.7% 6.7% 6.8%

Asset Quality

NPL Ratio 3.1% 2.7% 3.2% 3.1% 3.3%

Allowances as a % of Total Loans 2.6% 2.3% 2.9% 2.7% 2.8%

Coverage Ratio 83.2% 83.9% 89.7% 86.1% 85.6%

Cost of Risk 5.0% 3.4% 3.6% 2.1% 3.0%

On Balance Sheet Loans/Total Deposits.

This ratio applies only to the Bank and CCF on a consolidated basis.

In 2Q16, includes $600 million Tier1 Capital retained at the holding company level available for injection in subsidiaries.

Appendix I: Ranking

44

Competition | Private Banks in million of Ps as of May 2016

Argentine-owned private bank in terms of deposits

Argentine-owned private bank in terms of assets

Assets Share Loans Share Deposits Share

1) Includes Banco del Tucuman S.A.

2) Banco Supervielle on a stand alone basis, not including Cordial Cia Financiera

3) ) Includes 36 private banks with assets below Ps 14 billion, as of March, 2016.

Source: Central Bank of Argentina

4th

Santander Rio 160.420 14% 89.101 15% 119.583 15%

Galicia y Bs As 148.324 13,1% 83.266 14% 104.829 13%

Francés 115.841 10,3% 61.436 10% 81.507 10%

Macro 1) 109.860 9,7% 62.905 11% 77.269 10%

HSBC Bank 72.326 6,4% 37.805 6% 50.019 6%

Credicoop Coop 66.730 5,9% 23.229 4% 58.382 7%

Citibank N.A. 58.640 5,2% 31.577 5% 35.023 4%

ICBC 55.854 4,9% 32.712 6% 39.126 5%

Patagonia 53.276 4,7% 29.485 5% 31.388 4%

Hipotecario 37.794 3,3% 20.477 3% 25.423 3%

Supervielle SA 2) 36.331 3,2% 20.447 3% 17.933 2%

Nuevo Santa Fe 32.932 2,9% 17.845 3% 24.915 3%

San Juan SA 27.446 2,4% 4.477 1% 16.838 2%

Itau Argentina 21.621 1,9% 13.515 2% 13.271 2%

Comafi SA 15.675 1,4% 8.104 1% 11.459 1%

Other 3) 115.893 10,3% 58.031 10% 73.335 9%

Total Private Banks 1.128.961 594.411 780.301

4th

company presentation

Investor Relations