BBVA : Presentation EGM 2024 - Chair

Extraordinary General Shareholders Meeting

JULY 2024

Extraordinary General Shareholders Meeting JULY 2024

2

BBVA: A success story

Extraordinary General Shareholders Meeting JULY 2024

We have leading franchises in attractive markets

3

M A R K E T S H A R E

L O A N S D E C 2 0 2 3 (%)

	RANKING (1)
SPAIN	3	13.8%
MEXICO	1	24.7%
TURKEY (3)	2	18.3%
PERU	2	21.2%
COLOMBIA	4	11.6%

P R O F I T A B I L I T Y (2)

D E C 2 0 2 3 (%)

	RANKING (1)
SPAIN	1	19.0%
MEXICO	1	28.1%
TURKEY (3)	2	44.9%
PERU	2	16.1%
COLOMBIA	2	3.1%

1. Peer group in each country: Spain (SAN Spain, CABK, SAB, BKT); Mexico (Banamex; Banorte; SAN, Scotia; HSBC); Turkey (AkBank; IsBank; YPK); Colombia (Bancolombia; Aval; Davivienda); Peru (BCP; Scotia; Interbank). Profitability data as of December 2023 except for Colombia (November 2023) and Mexico (September 2023); (2) Return on Regulatory Capital Allocated (RORC) for Spain; ROE for the rest.; (3) Market share among private banks

Extraordinary General Shareholders Meeting JULY 2024

We lead the banking sector's transformation thanks to our pioneer strategy

4

M O B I L E P E N E T R A T I O N

(% C L I E N T S, 2 0 2 3 VS 2 0 1 6)

73%

25%

20162023

S U S T A I N A B L E B U S I N E S S

(C L I M A T E C H A N G E & I N C L U S I V E G R O W T H)

70€BN

12€BN

20182023

Note: Sustainable business channeling is considered to be any mobilization of funds, cumulatively, in relation with activities, clients or products considered to be sustainable or promoting sustainability in accordance with internal standards and market standards, existing regulations, and best practices.

C U S T O M E R S A T I S F A C T I O N

(N P S)

We are

#1

Top 3 in other

countries

Extraordinary General Shareholders Meeting JULY 2024

Outperforming our peers in value creation and profitability

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P R O F I T A B I L I T Y	B O O K V A L U E P E R S H A R E	E F F I C I E N C Y
(R O T E, %)	(T B V + D I V I D E N S)	(%)

17.0%	+20.2%	41.7%		53.4%
12.4%
			European Peers (1)
				+13.9%

European Peers (1)European Peers (1)

2023

2023

2023

(1) European Peer Group: BARC, BNPP, CABK, CASA, DB, HSBC, ING, ISP, LBG, NDA, SAN, SG, UCG

Extraordinary General Shareholders Meeting JULY 2024

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Unique combination of growth and profitability

L O A N G R O W T H

G R O S S L O A N S (2 0 2 3 V S 2 0 2 2 )

Peer 8

	Peer		Peer 3
	Peer 10		Peer 5
	11
		Peer 6	Peer 1
Peer	Peer		Peer 9
		Peer 2
12
13				Peer 4

Peer 7

P R O F I T A B I L I T Y

R O T E (2 0 2 3 )

European Peer Group: BARC, BNPP, CABK, CASA, DB, HSBC, ING, ISP, LBG, NDA, SAN, SG, UCG. Bubble size represents market capitalization

Extraordinary General Shareholders Meeting JULY 2024

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Disciplined capital allocation driven by shareholders' value creation

PROFITABILITY

	D I V E S T M E N T S
	(2 0 1 4 - 2 0 2 4, € B N )
Focus on markets with	c.16	€BN
scale and profitability
Successful divestments	MARKET
	SHARE
F O C U S E D O N M A R K E T S W I T H S C A L E A N D P R O F I T A B L E F R A N C H I S E S

Extraordinary General Shareholders Meeting JULY 2024

Attractive shareholders' distributions, with an increasing dividend

8

C A S H D I V I D E N D

(€ C T S / S H A R E)

+28%

55

43

31

T O T A L S H A R E H O L D E R S'

D I S T R I B U T I O N S S I N C E 2 0 2 1

13.2 €BN

D I S T R I B U T E D

2021 2022 2023

7.8 €BN

Cash dividends

5.4 €BN

Share Buybacks

Extraordinary General Shareholders Meeting JULY 2024

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The market rewards our strategy and results

T O T A L S H A R E H O L D E R R E T U R N

(# O F T I M E S T H E V A L U E H A S M U L T I P L I E D S I N C E J A N U A R Y 2 01 9 T O J U N E 2 0 2 4)

EUROPEAN	SPANISH
BANKS	BANKS

JANUARY 2019

2.75

1.94

1.59

JUNE 2024

(note TSR includes the evolution of the share price + dividends. European Banks: Stoxx Europe 600 Banks. Spanish Banks: BKT, CABK, SAB, SAN, UNI, weighted by market capitalization.

Extraordinary General Shareholders Meeting JULY 2024

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The combination with Banco Sabadell:

the most attractive project in european banking