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Q1 2025 results Frankfurt am Main, May 2025 Hubert Spechtenhauser, Chairman of the Management Board Christian Dagrosa, CFO and member of the Management Board
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A. Highlights and business update B. Group results 1 ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025
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ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 ProCredit Holding promoted to German small cap index SDAX, achieving an important strategic milestone as a publicly listed company Group advances on its growth and transformation strategy: loan growth across all client segments; lower-volume segments and smaller ProCredit banks contribute strongly Good level of profitability maintained in Q1: €25m net result or 9.5% RoE C/I ratio temporarily higher but strategic investments in growth catalysts begin to level out Solid capitalisation good basis for proposed dividend per share of EUR 0.59 for FY 2024 result at upcoming AGM on 4 June 2025 (in line with 1/3 dividend payout policy) Q1 2025: Good start into the year 2
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Q1 2025 at a glance 3ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 +2.5% Loan portfolio €7.2bn FX-adjusted: +3.2% Customer loans Customer deposits -0.7% Customer deposits €8.2bn FX-adjusted: -0.4% CET1 ratio Stage-3 ratio 2.2% -0.1 pp ytd 13.1% +0.1 pp ytd RoE 9.5% Group w/o SA: 10.4% €25.2m based on 70.8% C/I ratio and -5 bps cost of risk Net result Note: RoE annualised; calculation for Group w/o SA as presented on page 17 of this presentation
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7.0 8.3 2023 2024 4ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 Balance sheet transformation continued in Q1 Q1 continues path on executing group strategic priorities 2024: significant step on our growth trajectory • New strategy communicated at Capital Markets Day in Mar-24, positioning ProCredit as Universal Bank for MSME and private clients • Record business growth in 2024: loan portfolio surpassing €7bn mark and customer deposits growing by >€1bn Loan portfolio Customer deposits (in EUR bn) 4 Smaller segments/ banks grow strongly Continued good growth with private clients Strategic investments begin to level out >70% of loan growth in lower-volume segments Note: 1) FX-adjusted 2) Centralized group IT provider 3.4% average loan growth of smaller banks1 ~0% staff increase vs. +19% in FY-24 +2 branches and service points vs. +47 in FY-24 2.2% private client deposit growth 2.0% # private clients growth ~+0% budget ‘25 Quipu2 vs. +31% in FY-24
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3.6 2.7 2.9 2.1 1.9 2.0 2025 2026 2027 - 30 SEE/EE Euro area 2.8 3.2 3.5 0.8 1.2 1.2 2025 2026 2027 - 30 SEE/EE Euro area 5 GDP outlook for SEE/EE well above Euro area Macroeconomic environment / key current themes Note: Based on IMF reference forecast; inflation figures based on average period consumer prices; (1) As announced on 02-Apr-25 (2) E.g. escalating trade tensions, elevated policy-induced uncertainty Source: IMF World Economic Outlook Apr-25 ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 Macro outlook for the region Positive growth outlook and increased international focus on SEE/EE GDP growth and inflation outlook US tariffs and currency War on Ukraine Regional focus on SEE/EE • Strong growth outlook and resilience of SEE/EE region supported by April 2025 IMF update • GDP growth in 2025 expected at close to 3% in SEE/EE vs. 0.8% in EU; both reduced mainly due to policy shifts and increased global uncertainties • Medium-term GDP outlook of around 3.0 – 3.5% p.a. in SEE/EE vs. more muted growth outlook in Euro area of around 1.2% p.a. • Generally decreased inflation levels, however, 2025e still slightly elevated mainly due to services and core goods inflation • Direct effects from US tariffs1 on SEE/EE expected to be limited • Indirect effects on SEE/EE possible; e.g. reduced trade with EU, reduced FDI inflows into SEE/EE; economic projections subject to downside risks2 • SEE/EE with strong domestic growth drivers and track record of resilience • Currency movements in Q1 with USD down vs. EUR • Ongoing with significant human and economic losses; minerals agreement between US and Ukraine signed on 30.04.; ceasefire negotiations ongoing • Ukraine GDP outlook of 2.0% in ‘25e and 4.5% in ‘26e, however, subject to high risks as war continues • EU accession momentum; currently 8 of ProCredit countries of operation with status as candidates or potential candidates for EU membership • Continued high level of investment appetite and FDI inflows Inflation outlook broadly stable from 2026 onwards (in %)(in %)
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Outlook FY 2025 Continued strong focus on strategy execution 6 FY 2025 outlook Assumptions and risk factors: Assumptions and risk factors that apply to the FY 2025 outlook are included in the appendix of this presentation. ► Growth of the loan portfolio Around 12% Assuming no significant FX volatility ► Return on equity (RoE) Around 10% Based on continued low cost of risk ► Cost-income ratio (CIR) Around FY-24 level Due to further strong investments in growth, particularly in first half of 2025 ► CET1 ratio and dividend Around 13% CET1 ratio, 1/3 dividend payout ratio ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025
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Medium-term guidance Leading bank for MSMEs in our region Attractive bank for private clients with superior customer experience Increased size and scale for enhanced medium-term profitability Strong sustainability commitment 7 >€10bn loan portfolio (based on significant growth in # of clients) Return on equity ~13-14% (w/o ~1.5pp upside potential from Ukraine) Offer attractive dividends (33% payout ratio in line with group dividend policy) Cost income ratio ~57% (w/o one-off effects) Target operating model ProCredit’s medium-term ambitions ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 Note: Return on equity of ~13 – 14%, based on over the cycle risk costs of 30 – 35 basis points
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A. Highlights and business update B. Group results 8ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025
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618 619 474 475 263 268 1,355 1,363 FY-24 Q1-25 Energy efficiency Renewable energy Other green investments 0.6% YTD (in EUR m) 6,226 6,414 7,010 7,184 42% 42% 44% 45% FY-23 Q1-24 FY-24 Q1-25 Medium Small Micro Private clients 12.0% YoY 2.5% QoQ (in EUR m) 47% 34% 19% Investment loans Working capital loans Green loans Strong portfolio growth driven by all client segments ► Customer loans increase by EUR 174m or 2.5% despite negative fx effects, underscoring group strategy for strong and granular growth Fx-adjusted growth of EUR 222m or 3.2% >70% of growth from lower-volume segments (Micro, Small and Private Clients) with higher average interest rates, good deposit-reciprocity and lower capital intensity Strong growth rates particularly in Private Clients (+8%) and Micro (+10%); share of lower volume segments in total loans increases by 1pp YTD and by 3pp since launch of updated business strategy (FY-23) Smaller banks with highest scaling potential showing strong average growth rates of 3.4% (fx-adjusted) ► Green loan portfolio at EUR 1.4bn, representing close to 20% of total loan portfolio Loan portfolio by loan type Loan portfolio growth 9 Green loan portfolio Lower- volume segments ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025
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7,254 7,455 8,291 8,237 41% 42% 43% 45% FY-23 Q1-24 FY-24 Q1-25 Medium Small Micro Institutional Private clients 10.5% YoY -0.7% QoQ (in EUR m) 40% 22% 38% Current accounts Savings accounts Term deposit accounts Strong deposit development through digital banking channels 10ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 ► Customer deposits reduce by EUR 55m or 0.7% Seasonal effects from economic cycle in countries of operation leading to reductions of business client current accounts after strong increase in Q4-24 Share of deposits from private clients up by 4pp since FY-23, demonstrating good progress of ProCredit’s direct banking strategy Further increased and diversified deposit base as strategic priority to support margin development in the coming years Deposit growth Deposits by client and key metrics 45% share of deposits from private clients, up 4pp since FY-23 115% deposit / loan ratio, down 1.6 pp yoy Private clients
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11 Operating income and expense overview ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 ► Operating income at EUR 105.6m broadly stable yoy, as higher net fee and net other operating income partially offset reduction in net interest income NII reduced by EUR 5.1m yoy due to declined policy rates and green T2 bond issue in Apr-24 Net fee income grew by EUR 1.5m yoy due to higher income from transactions and fx business Operating income Personnel and administrative expenses ► Cost-income ratio at elevated level of 70.8% Strategic investments mostly executed in FY-24, driving higher costs for personnel, IT, marketing and depreciation Stable staff and branch numbers since Q4-24 indicating levelling out of strategic investments Administrative expenses Personnel expenses Net interest income Net fee and commission income Other operating income (net) 247.0 302.8 FY-23 FY-24 (in EUR m) 22.6% 59.9% 68.1%CIR 66.1 74.7 Q1-24 Q1-25 (in EUR m) 13.0% 61.7% 70.8% 412.5 444.3 FY-23 FY-24 7.7% (in EUR m) 107.2 105.6 Q1-24 Q1-25 -1.5% (in EUR m)
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Q1-24 Volume (assets) Volume (liabilities) Pricing (assets) Pricing (liabilities) Other Q1-25 90.1 14.3 -5.2 -14.3 0.7 -0.7 85.0 (in EUR m) 90.1 90.5 90.0 87.7 85.0 3.7% 3.6% 3.5% 3.3% 3.2% Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Net interest income NIM (in EUR m) Net interest income ► NII in Q1 at EUR 85.0m with NIM at 3.2% EUR EUR 2.7m below previous quarter; NIM reduced by 16 bps Days-effect major driver for reduced interest income (EUR 3.9m or 2.6%) and interest expenses (EUR 1.2m or 1.9%) Minor negative re-pricing effects on loan portfolio in selected markets ► NII down EUR 5.1m or 5.7% yoy; NIM at 3.2%, 49 bps below previous year Volume-driven increase in interest income from customer loans more than offset by lower income from central banks due to pricing effects Volume-driven increase in interest expenses due to higher volume of TDAs and subordinated debt NII reduction yoy mainly in central functions in Germany (EUR 3.3m) due to lower EURIBOR and green bond issuance; as well as Ukraine (EUR 2.5m) due to significantly lower policy rate 12ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 Quarterly development Development yoy (Q1-24 vs. Q1-25)
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14.1 15.3 14.7 15.2 13.9 7.0 8.0 8.3 9.2 8.6 21.0 23.2 23.0 24.3 22.6 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Net fee and commission income (previous definition) Net fee and commission income from fx transactions (in EUR m) Q1-24 Payment services Credit letters Account fee Cards and other Guarantee costs Q1-25 21.0 2.3 0.2 0.1 -0.1 22.6-0.9 (in EUR m) 71% 24% 4%2% Payment services Account fee Credit letters Cards and other Net fee and commission income ► Q1 net fee and commission income of EUR 22.6m Seasonal effects from lower transactions in Q1 drive decrease of EUR 1.8m with respect to Q4-24 ► Net fee and commission income up EUR 1.5m or 7.2% yoy Net fee income from payment services up EUR 2.3m or 16.8% including income from fx transactions up EUR 1.7m or 23.8% Reduced net contribution from card services of EUR 0.5m as result of fee increases from card providers 13ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 Quarterly development Development yoy (Q1-24 vs. Q1-25) Fee income split (Q1-25)
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Q1-24 Personnel IT Depreciation Marketing Other admin Q1-25 66.1 74.70.7-0.70.91.95.8 (in EUR m) 28% 19% 8% 46% IT Depreciation Marketing Other admin 32.2 37.1 37.1 40.4 38.1 33.9 37.6 39.3 45.2 36.7 61.7% 66.3% 68.8% 75.4% 70.8% -15.0% -5.0% 5.0% 15.0% 25.0% 35.0% 45.0% 55.0% 65.0% 75.0% 85.0% Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Personnel expenses Administrative expenses Cost-income ratio (in EUR m) Personnel and administrative expenses 14ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 Quarterly development Development yoy (Q1-24 vs. Q1-25) Admin expense split (Q1-25) ► Q1 personnel and administrative expenses of EUR 74.7m, lower than in previous two quarters Underlying dynamics of strategic investments increasingly levelling out, with staff numbers broadly stable since beginning of the year (+19) Personnel expenses decreased vs. Q4 due to seasonal effects ► Yoy increase of EUR 8.6m yoy driven by strong investments in growth catalysts in 2024 Personnel expenses up EUR 5.8m mainly driven by 12% increase in staff number External IT costs +EUR 1.9m; f/a depreciation +EUR 0.9m Marketing costs reduced following substantial campaigns throughout 2024
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0.3 5.4 -1.6 -9.3 -0.8Q1-24 Q2-24 Loss allowance (in EUR m) 2 bps 33 bps -10 bps -54 bps -5 bps Cost of risk Q4-24 Q1-25Q3-24 181.8 2.9 -0.6 -1.3 -2.1 180.6 Dec-24 Loan growth (business-driven) Credit risk Write-offs Other (incl. fx) Mar-25 (in EUR m) Loss allowance ► Q1 loss allowance with net release of EUR 0.8m Low risk costs across the group In part driven by healing from stage 2 loans Recoveries from w/o loans of EUR 2.9m remain major factor in low cost of risk No model parameter update ► Broadly stable level of total B/S loss allowance EUR 180.6m total loss allowance Increases from good loan growth compensated by stage transfers, write-offs and other effects, mainly from currency changes Stock of management overlays stable at EUR 59.4m, representing 33% of total provisions 15ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 Quarterly development Loss allowance on balance sheet (Q1-25)
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2.6% 2.5% 2.3% 2.3% 2.2% Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 57.8% 55.6% 56.1% 49.9% 50.5% 8.6% 8.1% 8.2% 8.1% 8.2% Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 0.0% 0.2% 0.2% 0.2% -0.1% Trade 25% Production 18% Agriculture 15% Construction 9% Electricity 5% Transportation 5% Hotel, restaurant 3% Other economic activities 8% Housing 8% Investment and other 4% Loan portfolio quality 16ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 Loan portfolio by geography Loan portfolio by sector Net-write offs (annualised) Stage 3 and coverage ratio Stage 2 1) Greece via Bulgaria entity Bulgaria 20% Serbia 14% Kosovo 13% Macedonia 8% Romania 6% Greece 6% Bosnia & Herzegovina 5% Albania 5% Ukraine 7% Georgia 6% Moldova 3% Ecuador 6% Germany 1% 1
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26.1 9.4 -2.5 -7.8 27.7 25.2 South Eastern Europe Eastern Europe Group functions, net of consolidation Group w/o SA South America Group (FY-24, in EURm) 17 Contribution of regional segments to group net result 1) Based on average allocated segment equity; Group w/o SA based on group consolidated equity 2) C onsolidated group result minus segment South America Customer loan portfolio (EUR m) 5.491 1.198 – 6,724 460 7.184 Change in customer loan portfolio 3.5% 0.9% – 3.0% -4.0% 2.5% Cost-income ratio 59.4% 63.1% – 68.0% 152.6% 70.8% Allocated equity (EUR m) 800 274 – n/a 47 1.073 Return on equity (annualised)1 13.4% 13.8% – 10.4% -21.3% 9.5% ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 Group functions, e.g. risk management, reporting, capital management, IT, liquidity management, training and development Includes ProCredit Holding, Quipu, ProCredit Academy Fürth, PCB Germany (EUR 34m loan portfolio; EUR 255m deposits) 2
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13.1% -0.3% 0.2% 0.5% -0.4% 13.1% 0.2% 13.3% CET1 ratio (Dec-24) Loan growth Decrease in liquid assets Recognition of H2-24 profits Other Capital/ RWA effects CET1 ratio (Mar-25) Q1-25 profit CET1 ratio incl. Q1-25 profit 18 Regulatory capital, risk-weighted assets, capital ratios ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 ► CET1 ratio at 13.1% including recognition of H2-24 result Capital ratios well above regulatory capital requirements1 of 9.4% CET1, 11.6% Tier 1, 14.5% Total Capital ratio Positive effects from recognition of H2-24 profits (net of 1/3 dividend accrual) and decrease in liquid assets compensated by strong loan growth and other capital/RWA effects ► Risk-weighted assets increases mainly from organic business growth in SME and PI business ► Impact from introduction of Basel IV reflected ► Leverage ratio of 8.6% well above banking sector averages Capitalisation overview 1) Own funds requirements expected to increase by 0.75 percentage points as announced on 06 March 2025, resulting in regulatory capital requirements of 9.8% for CET1, 12.1% for Tier 1 and 15.2% for Total Capital ratio in EUR m Dec-24 Mar-25 CET1 capital 933 952 Additional Tier 1 capital 0 0 Tier 1 capital 933 952 Tier 2 capital 216 214 Total capital 1,149 1,166 RWA total 7,143 7,255 RWA density (RWA / total assets) 66.4% 67.8% CET1 capital ratio (fully loaded) 13.1% 13.1% Total capital ratio 16.1% 16.1% Leverage ratio 8.4% 8.6% Development of CET1 capital ratio (fully loaded)
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Q&A ProCredit Academy, Fürth-Weschnitz, Germany 19
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A. Impact reporting B. P&L and balance sheet C. Loan portfolio D. Information on segment and bank level E. Capital, liquidity and other information 20 Appendix ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025
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21 Impact at ProCredit today Fostering economic growth, environmental protection and social progress ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 ~200k jobs supported by our MSME clients(1) 62% of our business loans for capital formation of clients ~20% green loans for renewable energy & energy efficiency Net-zero SBTi(2) commitment to net-zero Extensive training part of holistic staff training ~20% of our loan clients are woman-owned MSMEs Economic Environmental Social Note: As of FY-24. (1) Estimated using the Joint Impact Model. (2) Science Based Targets Initiative.
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22 2024 sustainability highlights INTERNAL ENVIRONMENTAL INDICATORS DECARBONIZATION BUSINESS LOAN CLIENTS JOBS SUPPORTED THROUGH OUR BUSINESS CLIENTS EMPLOYEES electric and hybrid plug-in cars in car fleet premises certified by EDGE decrease in indoor water consumption per employee decrease in energy consumption per employee total number of green loans ktCO2emissions avoided through RE projects total number of business loan clients of loan clients are from the agriculture sector of loan clients are micro business clients female employment total employment (estimated number) youth employment female representation in top management hours of training per employee annual investment in employee training 61% 7.4% 6 3% 10,143 EUR1,355m 240.7 37,690 19.3% 25.6% 197,111 42% 7% 38% 124 EUR 9.7m total number of employees ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 4,689 total green loan portfolio CO2 Calculator rolled out in PCB Bulgaria ~20% of loan clients are woman-owned MSMEs
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ProCredit institutions certified under ISO 14001, EMAS and EDGE Introduction of our PLASTIC STRATEGY GREEN BOND placement with the IFC for green investments by SMEs PROCREDIT DIRECT Digital banking approach for private clients fully implemented Strong impact track record over the decades Network of EV CHARGING STATIONS installed Joined the NET-ZERO BANKING ALLIANCE Joined the UN GLOBAL COMPACT 1980 1997-1998 2003-2006 2008-2014 2015-2017 2018-2020 2021-2022 2023 ORIGIN ProCredit with IPC: Supporting downscaling of financial institutions in developing countries to provide micro loans to the unbanked Establishment of ProCredit as a BANKING GROUP and consolidation of ownership in ProCredit Holding Opening of the ProCredit academies GREEN LOANS granted for energy efficiency and renewable energy investments ENVIRONMENTAL EXCLUSION LIST introduced group-wide in the bank´s Code of Conduct LISTING of ProCredit Holding shares on Frankfurt Stock Exchange and first ESG RATING FIRST MICRO- FINANCE BANK in Bosnia and Herzegovina founded as a greenfield investment Founding of IMI (now ProCredit Holding) Introduction of a group- wide ENVIRONMENTAL MANAGEMENT approach, policy and governance structure BANKING LICENCE IN GERMANY Implementation of German regulatory standards, supervised by German banking authorities MSME FINANCE Shift of focus from micro lending to „Hausbank“ for SMEs Published OUR RESPONSE ON FORCED LABOUR ALLEGATIONS related to photovoltaic panel production in Xinjiang Report on GHG emissions associated with the loan portfolio, following PARTNERSHIP FOR CARBON ACCOUNTING FINANCIALS (PCAF) Commissioning of PROENERGY, our own 3MWp PV plant in Kosovo Defining of emission reduction targets in accordance with SCIENCE BASED TARGETS INITIATIVE (SBTi) Conversion from KGaA to AG Introduction of our INCLUSIVE FINANCE concept, with a focus on gender equity ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 23 2024 First DEI STRATEGY implemented Launching of CO2 CALCULATOR for MSME clients Issuance of GREEN TIER 2 BONDS with placement volume of EUR 125m
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Impact in ProCredit today Sustainability at ProCredit Social impact Environmental impact Climate action Green energy Diversity and inclusion Jobs and investment KPI: Green Lending ~20% Green LP / Total LP KPI: Emission Reduction Carbon neutrality & SBTi commitment to net-zero KPI: Gender Equity ~20% of our loan clients are women owned MSMEs KPI: Jobs ~200k jobs supported by our MSMEs KPI: Investment 62% of our business lending goes to capital formation ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 Note: As of FY-24 24
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A. Impact reporting B. P&L and balance sheet C. Loan portfolio D. Information on segment and bank level E. Capital, liquidity and other information 25 Appendix ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025
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Q1 2025 results at a glance 26ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 In EUR m Q1-24 Q1-25 Y-o-Y Income statement Net interest income 90.1 85.0 -5.1 Net fee and commission income 21.0 22.6 1.5 Other operating income (net) -3.9 -1.9 2.0 Operating income 107.2 105.6 -1.6 Personnel expenses 32.2 38.1 5.8 Administrative expenses 33.9 36.7 2.8 Loss allowance 0.3 -0.8 -1.1 Tax expenses 7.2 6.5 -0.7 Profit after tax 33.5 25.2 -8.3 Key performance indicators Change in customer loan portfolio 3.0% 2.5% -0.5 pp Cost-income ratio 61.7% 70.8% 9.1 pp Return on equity 13.4% 9.5% -3.9 pp CET1 ratio (fully loaded) 14.3% 13.1% -1.2 pp Additional indicators Net interest margin 3.7% 3.2% -0.5 pp Net write-off ratio 0.0% -0.1% -0.1 pp Credit impaired loans (Stage 3) 2.6% 2.2% -0.4 pp Cost of risk 2 bps -5 bps -7 bp Stage 3 loans coverage ratio 57.8% 50.5% -7.3 pp Book value per share (EUR) 17.3 18.2 0.9 Deposit-to-loan ratio 116.2% 114.7% -1.6 pp Previous year figures have been adapted to the current disclosure structure.
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Overview of quarterly financial development 27ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 In EUR m Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Income statement Net interest income 90.1 90.5 90.0 87.7 85.0 Net fee and commission income 21.0 23.2 23.0 24.3 22.6 Other operating income (net) -3.9 -1.2 -2.0 1.6 -1.9 Operating income 107.2 112.6 111.0 113.6 105.6 Personnel expenses 32.2 37.1 37.1 40.4 38.1 Admininistrative expenses 33.9 37.6 39.3 45.2 36.7 Loss allowance 0.3 5.4 -1.6 -9.3 -0.8 Tax expenses 7.2 8.4 9.0 17.7 6.5 Profit after tax 33.5 24.1 27.2 19.5 25.2 Key performance Indicators Change in customer loan portfolio 3.0% 3.8% 1.9% 3.3% 2.5% Cost-income ratio 61.7% 66.3% 68.8% 75.4% 70.8% Return on equity 13.4% 9.5% 10.7% 7.5% 9.5% CET1 ratio (fully loaded) 14.3% 14.3% 14.1% 13.1% 13.1% Additional Indicators Net interest margin 3.7% 3.6% 3.5% 3.3% 3.2% Net write-off ratio 0.0% 0.2% 0.2% 0.2% -0.1% Credit impaired loans (Stage 3) 2.6% 2.5% 2.3% 2.3% 2.2% Cost of risk 2 bps 33 bps -10 bps -54 bps -5 bps Stage 3 loans coverage ratio 57.8% 55.6% 56.1% 49.9% 50.5% Book value per share (EUR) 17.3 17.1 17.4 17.9 18.2 Deposit-to-loan ratio 116.2% 113.4% 115.3% 118.3% 114.7% Previous year figures have been adapted to the current disclosure structure.
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Balance sheet 28ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 in EUR m Dec-24 Mar-25 Assets Cash and central bank balances 2,164 1,946 Loans and advances to banks 514 458 Investment securities 966 992 Loans and advances to customers 7,010 7,184 Loss allowance for loans to customers -182 -181 Derivative financial assets 7 7 Property, plant and equipment 152 162 Other assets 122 124 Total assets 10,752 10,693 Liabilities Liabilities to banks 946 941 Liabilities to customers 8,291 8,237 Derivative financial instruments 1 1 Debt securities 91 91 Other liabilities 111 93 Subordinated debt 255 258 Total liabilities 9,696 9,620 Equity Subscribed capital 294 294 Capital reserve 147 147 Retained earnings 693 719 Translation reserve -80 -89 Revaluation reserve 2 2 Equity attributable to ProCredit shareholders 1,056 1,073 Total equity 1,056 1,073 Total equity and liabilities 10,752 10,693
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10,752 -55 -5 3 -19 17 10,693 Dec-24 Liabilities to customers Liabilities to banks Debt securities and subordinated debt Other liabilities Equity Mar-25 (in EUR m) 175 13 10,69310,752 -247 Dec-24 Liquid assets Net loans to customers Other non-financial assets Mar-25 (in EUR m) 29 Balance sheet development ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 YTD asset development YTD liabilities and equity development ► Simple balance sheet structure with 65% of assets net loans to customers and 18% cash and cash equivalents ► Flat development YTD as loan growth compensated by seasonal decrease in liquid assets ► Liabilities and equity structure with 77% liabilities to customers, 9% liabilities to banks and 10% equity ► Slight seasonal decrease in customer deposits YTD
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30 Appendix ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 A. Impact reporting B. P&L and balance sheet C. Loan portfolio D. Information on segment and bank level E. Capital, liquidity and other information
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49% 10% 41% EUR USD Other Currencies 55% 29% 4% 12% Medium Small Micro Private clients Loan portfolio by currency Structure of the loan portfolio by segment and currency Loan portfolio by segment 31ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025
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1,363 19.0% Dec-19 Dec-20 Dec-21 Dec-23 Dec-24 Mar-25 Total green loan portfolio % of total loan portfolio (in EUR m) CAGR 2019-2024: 14% 16.6% 45% 35% 20% Energy efficiency Renewable energy Other green investments ► Green loan portfolio amounting to EUR 1.4bn, representing ~19% of total loan portfolio ► Includes financing of investments in: • Energy efficiency • Renewable energies • Other environmentally-friendly activities ► Investment opportunities in energy efficiency, e.g. buildings’ efficiency measures and other investments to enhance sustainability also with agricultural clients; further unlocking portfolio growth and group diversification Development of green loan portfolio Green loan portfolio growth Structure of green loan portfolio 32ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025
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67% 16% 15% 2% Immovable properties Financial guarantees Other Cash collateral Total: EUR 5.4 bn Structure of collateral ► Majority of collateral consists of mortgages ► Significant share of financial guarantees mainly as a result of InnovFin and other guarantee programmes provided by the European Investment Fund ► Clear, strict requirements for types of acceptable collateral, legal aspects of collateral and insurance of collateral items ► Standardised collateral valuation methodology ► Regular monitoring of the value of all collateral and a clear collateral revaluation process, including use of external independent experts ► Verification of external appraisals, yearly update of market standards and regular monitoring of activities carried out by specialist staff members Collateral by type (FY 2024) 33ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025
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34 Appendix ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 A. Impact reporting B. P&L and balance sheet C. Loan portfolio D. Information on segment and bank level E. Capital, liquidity and other information
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Income statement by segment 35ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 01.01.- 31.03.2025 (in EUR m) Germany Eastern Europe South Eastern Europe South America Consolidation Group Interest and similar income 11.0 40.4 85.9 14.3 -7.5 144.0 of which inter-segment 4.8 1.3 1.3 0.0 0.0 0.0 Interest and similar expenses 13.5 17.8 24.8 10.4 -7.5 59.0 of which inter-segment 3.5 0.8 2.3 0.9 0.0 0.0 Net interest income -2.5 22.6 61.1 3.8 0.0 85.0 Fee and commission income 6.4 7.1 24.7 0.8 -3.4 35.7 of which inter-segment 3.0 0.0 0.1 0.0 0.0 0.0 Fee and commission expenses 2.2 3.5 10.4 0.5 -3.4 13.1 of which inter-segment 0.0 0.8 2.1 0.1 0.0 0.0 Net fee and commission income 4.2 3.7 14.3 0.4 0.0 22.6 Result from derivative financial instruments 0.0 0.0 -0.5 0.0 0.0 -0.5 Result on derecognition of financial assets measured at amortized cost 0.0 0.0 0.0 0.0 0.0 0.0 Net other operating income 18.5 -0.2 1.3 -0.7 -20.3 -1.4 of which inter-segment 16.9 0.6 2.8 0.0 0.0 0.0 Operating income 20.2 26.0 76.2 3.5 -20.3 105.6 Personnel expenses 10.6 6.1 19.2 2.3 0.0 38.1 Administrative expenses 17.4 10.4 26.1 3.1 -20.3 36.7 of which inter-segment 4.9 4.9 9.5 1.0 0.0 0.0 Loss allowance 0.0 -2.6 1.2 0.6 0.0 -0.8 Profit before tax -7.7 12.2 29.7 -2.4 0.0 31.7 Income tax expenses 0.0 2.8 3.6 0.1 0.0 6.5 Profit of the period -7.7 9.4 26.1 -2.5 0.0 25.2
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16.3% 13.4% Q1-24 Q1-25 -2.9pp 28.7 26.1 Q1-24 Q1-25 -9% 55.1% 59.4% Q1-24 Q1-25 +4.3pp 71.0 76.2 Q1-24 Q1-25 +7% (in EUR m) Q1-24 Q1-25 Net interest income 59.4 61.1 Net fee and commission income 13.1 14.3 Other operating income (net) -1.4 0.8 Operating income 71.0 76.2 Personnel expenses 15.5 19.2 Admininistrative expenses 23.6 26.1 Loss allowance -0.7 1.2 Tax expenses 3.9 3.6 Profit after tax 28.7 26.1 Change in customer loan portfolio 4.1% 3.5% Deposit-to-loan ratio 113.1% 109.8% Net interest margin 3.4% 3.2% Cost-income ratio 55.1% 59.4% Return on equity 16.3% 13.4% 36 Segment South Eastern Europe ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 Segment key financials SEE Key financial data Cost-income ratio Return on equity Operating income (€m) Profit after tax (€m)
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20.6% 13.8% Q1-24 Q1-25 -6.9pp 11.6 9.4 Q1-24 Q1-25 -19% 45.6% 63.1% Q1-24 Q1-25 +17.5pp 29.3 26.0 Q1-24 Q1-25 -11% 37 Segment Eastern Europe ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 Segment key financials EE Key financial data (in EUR m) Q1-24 Q1-25 Net interest income 25.5 22.6 Net fee and commission income 3.8 3.7 Other operating income (net) 0.0 -0.2 Operating income 29.3 26.0 Personnel expenses 4.7 6.1 Admininistrative expenses 8.6 10.4 Loss allowance 1.0 -2.6 Tax expenses 3.3 2.8 Profit after tax 11.6 9.4 Change in customer loan portfolio -0.7% 0.9% Deposit-to-loan ratio 123.6% 119.3% Net interest margin 5.5% 4.5% Cost-income ratio 45.6% 63.1% Return on equity 20.6% 13.8% Cost-income ratio Return on equity Operating income (€m) Profit after tax (€m)
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-9.3% -21.3% Q1-24 Q1-25 -12.0pp -1.1 -2.5 Q1-24 Q1-25 n/m 123.5% 152.6% Q1-24 Q1-25 +29.1pp 4.9 3.5 Q1-24 Q1-25 -28% 38 Segment South America ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 Segment key financials SA Key financial data (in EUR m) Q1-24 Q1-25 Net interest income 4.4 3.8 Net fee and commission income 0.1 0.4 Other operating income (net) 0.4 -0.7 Operating income 4.9 3.5 Personnel expenses 2.1 2.3 Admininistrative expenses 3.9 3.1 Loss allowance 0.0 0.6 Tax expenses 0.0 0.1 Profit after tax -1.1 -2.5 Change in customer loan portfolio 1.6% -4.0% Deposit-to-loan ratio 80.5% 113.5% Net interest margin 2.9% 2.2% Cost-income ratio 123.5% 152.6% Return on equity -9.3% -21.3% Cost-income ratio Return on equity Operating income (€m) Profit after tax (€m)
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39 Key figures per ProCredit bank (as per Q1-25) Eastern Europe South Eastern Europe South America Germany Country Bulgaria Serbia Kosovo North Macedonia Romania Bosnia & Herzegovina Customer loan portfolio (EUR m) 1,816 1,002 935 585 440 365 Change in customer loan portfolio (%) 2.6% 2.3% 6.1% 5.5% 3.7% 3.5% Credit impaired loans (Stage 3) 1.1% 2.9% 1.0% 1.4% 1.4% 2.0% Profit after tax (EUR m) 10.6 4.4 7.1 2.5 0.5 0.9 Country Albania Ukraine Georgia Moldova Ecuador Germany Customer loan portfolio (EUR m) 347 514 458 226 460 34 Change in customer loan portfolio (%) 2.0% 0.4% -0.2% 4.2% -4.0% -11.7% Credit impaired loans (Stage 3) 0.9% 3.3% 2.4% 2.1% 9.0% 0.0% Profit after tax (EUR m) 0.0 7.1 1.9 0.4 -2.5 1.6 ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025
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40 Key figures for ProCredit Bank Ukraine ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 Development since 2021, before Russian invasion in 2022 Regional risk classification (in EUR m) FY-21 FY-22 FY-23 FY-24 Selected financial indicators Loan portfolio 757 582 497 512 % of group 12.8% 9.5% 8.0% 7.3% % of portfolio in red zone n/a 10.1% 4.0% 1.7% Loss allowance 0.3 86.7 5.5 -7.1 Profit after tax 23.7 -51.8 17.7 21.8 RoE 19.9% -55.5% 28.0% 24.4% Quarterly KPI update Risk zone by business location % of PCB Ukraine loan portfolio % of PCH group loan portfolio Dark Red 0.0% 0.0% Red 1.5% 0.1% Yellow 9.8% 0.7% Green 88.7% 6.3% Note: Loans to private clients included in green category Dark red: Regions occupied by Russian forces since 2014 Very high risk. Districts in warzone or under occupation High risk. A buffer zone from war zone / under occupation regions Low risk. Districts with relatively lower risk to be affected Q4-24 Q1-25 Staff information Number of staff 389 396 Change qoq % 3.2% 1.8% Loan portfolio and quality Loan portfolio (EURm) 512 514 % of group 7.3% 7.1% Share of Stage-3 3.7% 3.3% Coverage ratio Stage-3 83% 83% Income statement (EURm) Net interest income 13.1 13.5 Net fee and commission income 1.2 1.0 Loss allowance -9.8 -2.1 Profit after tax 2.7 7.1 Key metrics Cost-income ratio 51.2% 46.7% RoE 11.2% 25.4% Deposit to loan ratio 158% 150% Local capital buffer > 5pp > 5pp1 1) Pro-forma level of >12pp including Dec-24 EUR 20m capital increase
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Strong remaining footprint with good result contribution: 24 18 22 1.5% 11.9% 7.3% 3.7% FY-21 FY-23 FY-24 Profit after tax Credit impaired loans (Stage 3) FY-22 -52 Successful de-risking since 2021: 757 582 497 512 12.8% 9.5% 8.0% 7.3% FY-21 FY-22 FY-23 FY-24 Loan portfolio % of group Update on ProCredit Bank Ukraine (Q4-24 presentation) 41ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 ProCredit Holding increases capital of ProCredit Bank Ukraine by EUR 20m Insured by the Federal Government of Germany and resulting in strengthened positioning for any potential upside scenario Summary and key considerations: ► Capital increase at ProCredit Bank Ukraine from ProCredit Holding by EUR 20 million in Dec-24 ► By way of conversion of remaining subordinated loan agreement from ProCredit Holding with the bank into equity ► New investment insured under the umbrella of the German investment guarantee scheme by the Federal Government of Germany, resulting in reduction of group exposure to Ukraine ► Comfortable CET1 buffer against local requirements; local capital buffer increased to a pro-forma level of above 12 percentage points ► Positioning for any potential upside scenario in the country, e.g. reconstruction effort by the Western community UPDATE UKRAINE (in EURm)(in EURm)
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42 Appendix ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 A. Impact reporting B. P&L and balance sheet C. Loan portfolio D. Information on segment and bank level E. Capital, liquidity and other information
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178% 174% 168% 100% 100% 100% 158% 154% 147% Dec-23 Dec-24 Mar-25 LCR Regulatory minimum NSFR ratio 85% 10% 1% 3% 1% Customer deposits Liabilities to banks Debt securities Subordinated debt Other liabilities Funding, rating and liquidity Total liabilities: EUR 9.6 bn 43ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 BBB (stable) ProCredit Holding rating by Fitch, last affirmed on 28 April 2025 Liquidity coverage ratio (LCR) and NSFR Highly liquid assets (HLA) and HLA ratio Funding sources 115% deposit- loan ratio down 1.6 pp yoy 2.6 2.2 2.0 36% 27% 25% Mar-23 Mar-24 Mar-25 HLA HLA ratio (in EUR bn)
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Explanatory note on performance indicators and ratios 44ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 The ProCredit group uses an integrated system of indicators to monitor and manage the implementation and further development of the group’s business and risk strategy: The growth of the customer loan portfolio(1) is a key indicator of the success of new business and also provides reference points for the future earning capacity The cost-income ratio(2) is a relative indicator that provides insight into our efficient use of resources Return on equity (RoE)(3) is the most important indicator in terms of profitability; strong emphasis is placed on maintaining a sustainable RoE in conjunction with an appropriate risk profile The Common Equity Tier 1 capital ratio (CET 1)(4) is regarded as a key indicator for compliance with regulatory and internal capital requirements. It also serves as a benchmark for solvency and as basis for strategic decisions The group also considers the following additional indicators: The ratio of customer deposits to the customer loan portfolio(5) reflects the ability to fund lending business through customer deposits The net interest margin(6) is an important indicator of profitability and measures the average interest earnings The share of credit-impaired loans(7) is the most significant indicator to assess portfolio quality The credit-impaired coverage ratio(8) gives insights into loss allowances for credit-impaired loans to the total volume of credit-impaired loans The cost of risk(9) indicates the credit risk expenses relative to portfolio size in a given period The net write-off (10) ratio shows how much loan portfolio is written off (net of recoveries) relative to portfolio size in a given period The green customer loan portfolio includes financing for investments in energy efficiency, renewable energies or other environmentally friendly technologies. By expanding the green portfolio, an important contribution to sustainability goals is made, as presented in the Impact Report The group considers amongst others the following risk factors to its short- and medium-term guidance: The ongoing war in Ukraine, a potential further escalation of this conflict and an outbreak of new geopolitical tensions in our countries of operation represent significant risk factors for our guidance and could be reflected inter alia in increased cost of risk. Additional risk factors include negative economic impacts related to major disruptions in our countries of operation, intensified supply-chain and energy- sector disruptions, adverse changes in our funding markets, significant changes in foreign trade or monetary policy, trade disputes in relation to a changed US trade policy, a deterioration in interest rate margins particularly in countries with rate ceilings to the extent that higher funding costs cannot be fully passed on to customers due to the rate ceilings, tightened regulatory requirements, an increase in inflation rates and pronounced exchange rate fluctuations. (1) Our customer loan portfolio as of the balance sheet date of the current period relative to our customer loan portfolio as of 31 December of the previous year. Our customer loan portfolio corresponds to loans and advances to customers before loss allowances (2) Our personnel and administrative expenses relative to operating income (excl. expenses for loss allowances) (3) Profit attributable to ProCredit shareholders, divided by the average equity held by the ProCredit shareholders (annualised for quarterly figures) (4) Ratio of our CET1 capital to risk- weighted assets (5) Our customer loan portfolio relative to customer deposits as of the balance sheet date (6) Our net interest income relative to the average total assets in the reporting period (annualised for quarterly figures) (7) Credit-impaired loans relative to the customer loan portfolio as of the respective balance sheet date (8) Loss allowances in credit-impaired loan portfolio relative to credit-impaired loans as of the balance sheet date (9) Loss allowance expenses relative to average customer loan portfolio (annualised for quarterly figures) (10) Gross write offs net of recoveries relative to average customer loan portfolio (annualised for quarterly figures) Note: Figures for previous periods might differ from presentation at the respective point in time for example as result of reclassifications.
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Contact Investor Relations Investor Relations ProCredit Holding AG Investor Relations Team tel.: +49 69 951 437 300 e-mail: PCH.ir@procredit-group.com Media Relations ProCredit Holding AG Andrea Kaufmann tel.: +49 69 951 437 0 e-mail: PCH.media@procredit-group.com Financial calendar (continuously updated on IR Website) 45ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025 Date Location Event information 13.05. – 14.05.2025 Frankfurt/ Main Spring Conference 2025 04.06.2025 Frankfurt/ Main Annual General Meeting 14.08.2025 Interim Report as of 30 June 2025 27.08.2025 Hamburg Hamburger Investorentage 13.11.2025 Quarterly Report as of 30 September 2025 24.11. – 26.11.2025 Frankfurt/ Main Deutsches Eigenkapitalforum 2025
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The material in this presentation and further supporting documents have been prepared by ProCredit Holding AG, Frankfurt am Main, Federal Republic of Germany (“ProCredit Holding”) and provide general background information about the ProCredit group’s current activities as of the date of this presentation (12 May 2025). This information is given in summary form and does not purport to be complete. The information in this presentation and further supporting documents, including forecasted financial information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing, or selling any securities or other financial products or instruments. The information does not take into account the particular investment objectives, financial situation or needs of individuals, so before acting on any information contained in this presentation, readers are advised to consider the appropriateness of the information in relation to any of the aforementioned activities, as well as the appropriateness of any relevant offer document, for their particular objectives, and in particular, it is recommended to seek independent financial advice. All securities and financial product or instrument transactions involve risks, which include, among others, the risk of adverse or unanticipated market, financial or political developments and, in international transactions, currency risk. This presentation and further supporting documents may contain forward- looking statements, including statements regarding our intent, belief or current expectations with respect to market conditions, ProCredit Holding’s or the ProCredit group’s business and operations, results of operations and financial conditions, capital adequacy, specific provisions and risk management practices. Such forward-looking statements are based on the Management of ProCredit Holding’s current expectations and specific assumptions, which are partly beyond the control of ProCredit Holding. The forward-looking statements are therefore subject to a multitude of uncertainties. Readers are cautioned not to place undue reliance on them. Insofar as it is not required by law, ProCredit Holding does not undertake to release any revisions to these forward-looking statements to reflect errors regarding the underlying expectations and assumptions or their evaluation by ProCredit Holding, or events or circumstances occurring after the date of this presentation (12 May 2025) to reflect the occurrence of unanticipated events. While due care has been used in the preparation of forecasted information, actual results may vary in a materially positive or negative manner. Past performance is not a reliable indication of future performance. Disclaimer 46ProCredit Group | Q1 2025 results | Frankfurt am Main, 12 May 2025