#18 BANBAJIO A Leading Specialized Bank set for Long-Term Profitable Growth reuro € M veuro € 8-9889 cotiza en Bolsa Mexicana BBAJIO Corporate Presentation September | 2019 Information as of 2Q19#2► Disclaimer The material that follows presents general background information about Banco del Bajío, S.A., Institución de Banca Múltiple (the "Company" or "Ban Bajio") as of the date of the presentation. This information consists of publicly-available information concerning the Company. It is information in summary form and does not purport to be complete. It is not intended to be relied upon as advice to potential investors and does not form the basis for an informed investment decision. This presentation is strictly confidential and may not be disclosed to any other person. The information in this presentation is preliminary in nature and subject to change. No representation or warranty, express or implied, is made concerning, and no reliance should be placed on, the accuracy, fairness or completeness of the information presented herein. All information in this presentation is subject to verification, correction, completion and change without notice. In giving this presentation, none of the Company, any of its affiliates, directors, officers, agents or employees, nor any placement agents, managers or initial purchasers undertake any obligation to provide the recipient with access to any additional information or to update this presentation or any information or to correct any inaccuracies in any such information. This presentation may contain statements that are forward-looking. Such forward-looking statements are only predictions and are not guarantees of future performance. Investors are cautioned that any such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the operations and business environments of the Company and its subsidiaries that may cause the actual results of the Company to be materially different from any future results expressed or implied in such forward-looking statements. None of the Company, any of its affiliates, directors, officers, agents or employees, nor any placement agents, managers or initial purchasers, shall be liable to any third party (including investors) for any investment or business decision made or action taken in reliance on the information and statements contained in this presentation or for any consequential, special or similar damages. Securities may not be offered or sold in the United States unless they are registered or exempt from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). Accordingly, the securities will be offered and sold in the United States only to "qualified institutional buyers", as defined under Rule 144A of the Securities Act, in reliance on exemptions from registration provided under the Securities Act and the rules thereunder, and to non-U.S. persons outside the United States in accordance with Regulation S under the Securities Act. Any offering of securities to be made outside of Mexico will be made by means of an offering memorandum. Such offering memorandum will contain, or incorporate by reference, detailed information about the Company and its business and financial results, as well as its financial statements. Investment decisions should be solely made on the basis of the offering memorandum and not on the basis of this presentation. This presentation does not constitute an offer, or an invitation or solicitation for an offer, to subscribe for or purchase any securities, nor shall any part of it nor the fact of its dissemination form part of or be relied on in connection with any contract or investment decision relating thereto. Neither this presentation nor anything contained herein shall form the basis of any contract or commitment. Nothing contained herein should be relied upon as a promise or representation as to the Company's past or future performance. If the Company should at any time commence an offering of securities, any decision to invest in such offer to subscribe for or acquire securities of the Company must be based wholly on the information contained in the offering memorandum to be issued by the Company in connection with any such offer and not on the contents hereof. By receiving this presentation, you agree to be bound by terms and conditions set out above. 2#3▸ Guidance Loan Growth Deposits Growth NIM 2019 Original 9% - 11% 2019 Revised 8% - 10% × 9% 11% 14% -16% ✓ 5.7% -5.8% 5.5% - 5.6% × ☐ Revenues, Net of Reserves - 13% 14% 12% -13% × Expenses Growth 14% - 16% 11% - 12% Below 45% Below 45% Efficiency Cost of Risk Tax Rate Below 1% 24.0% 26.0% - Net Income $5,500 $5,700 Growth ROAE NPL Ratio Coverage Ratio Capitalization Ratio - 8.1% 12.0% - 18.1% 18.7% - Below 1.3% Above 160% - 16.25% 16.85% Below 1% 24.0% 26.0% - $5,500 - $5,700 8.1% 12.0% - 18.1% 18.7% Below 1.2% Above 160% 16.3% 16.7% * Does not consider any adjustment in the reference rate-TIIE. - 3#4▸ Evolution from an emerging local bank to a specialized leader with national presence BanBajio's History in Four Phases BanBajio Today ✓ 3rd largest locally-controlled bank in Mexico(1), with ~US$12.6 Bn(2) in total assets. 8th largest bank in the country by loans & deposits and company-sector loans. ✓ Focused on profitable, low-risk and high-growth corporate and SME loan segments. ROAE improved from 10.9% in 2015 to 19.1% in 2019. National presence through a client-centric multi-channel platform. Currently in an intensive digital transformation process. ✓ Well capitalized with diversified funding. Evolution of Branch Network (#) 1 Founding 2 Diversification 3 Growth 4 Results 13 1 283 2.7x 46 306 105 27 25 13 556 6 4 1 1 1994 1998 2002 2006 2010 2014 Our Shareholders Have Been Instrumental Pillars of Our Success 2Q19 97.3% Deep relationships in the Mexican economy Mexican Investors ('94 - At IPO) Sabadell ('98-'04): 10% ('05-'12): 20% IFC | International Finance Corporation ('06-'16): 10% WORLD BANK GROUP Source: Company information, CNBV Notes: (1) Based on total deposits and total loans as of June 30, 2019. (2) Using an exchange rate of Ps$19.2087 per US$, round number. *Pre IPO 12.97%, Post-IPO 2.7% TEMASEK ('12 -At IPO) 2.7% Definition of business model Best-in-class corporate governance practices Profitability enhancements 4#5▸ Our well-invested platform allows us to offer a full multi-channel solution to our customers 19 Northwest 15 Pacific B Corporate Headquarters 48 Southwest B BanBajío Branch Distribution by Region 12 North Center 28 North 49 Guanajuato 16 Michoacan 33 Metropolitan South Aguascalientes 306 Branches 28 States 79 Cities 12 San Luis Potosi Mexico City More ATMs at the Reach of our Clients BanBajío Afirme Scotiabank Inbursa banregio Banregio Source: Company information 15 Queretaro 33 Metropolitan North 17 Southeast Famsa Intercam Azteca More than = 6,200 5#6▸ Specialized Bank on SME and Corporate Loans BanBajio is Highly Specialized on SME and Corporate Loans 8B BANBAJIO BANREGIO Company Loans as % of Total Loans | 2Q19 83% 83% BanBajio's Unique Access and Capabilities to Better Serve Companies 1 Deep and technical knowledge of our customers and their businesses HSBC Santander 52% Scotiabank® 45% citibanamex BBVA Bancomer BBANORTE 45% 43% 36% 60% 0% 20% 40% 60% 80% 100% Source: CNBV (Total Banca Multiple consolidated figures) 2 Client-centric business model with specialized relationship executives delivering close and personalized customer attention 3 Efficient and agile/local decision making process in credit origination 6#7► Developing other business lines, based on the digital transformation process As we have been successful in our company loans-focused strategy, we believe that there is also growth potential in the individuals segment to diversify and increase our revenue sources. Taking advantage of our base of individuals related to companies. Digital transformation will better enable us to serve a broader base of individuals with agility and efficiency by focusing on their specific needs. 7#8▸ Loan Portfolio, BanBajio's main asset Loan Portfolio Breakdown By Type 2Q18 % 2Q19 | % Consumer Mortgage Government 4% 1% Mortgage Government 4% Consumer 1% 6% 7% Financial Institutions Financial Institutions Companies 6% 83% 5% SMES 27% ¡Corporates 56% SMEs 27% Commercial Portfolio Breakdown (1) | By Economic Sector 2Q18 | % 2Q19 | % Agriculture, Forestry and Fishing Agriculture, Forestry and Fishing 9% 11% Other 8% Commerce, Restaurants & Hotels 23% Financial & Real Estate 15% Services 13% Manufacture 17% Construction 15% (1) Commercial portfolio includes = Company loans, Financial Institutions and Government. Other 8% Financial & Real Estate 15% Companies 83% Corporates 56% Commerce, Restaurants & Hotels 24% Manufacture 15% Services 12% Construction 15% 8#9▸ Loan Portfolio, BanBajio's main asset 51.0 54.0 7.6 Commercial portfolio Use 2Q19 | % 5.3 0.3 0.1 5.4 5.7 52.4 ■ FIXED ASSETS 23.2 ■ WORKING CAPITAL ■LIABILITIES PAYMENT ■GOVERNMENT INFRASTRUCTURE ■FINANCIAL INSTITUTIONS/FUNDING ■ COMMERCIAL REAL ESTATE ■ HOUSING REAL ESTATE ■ PUBLIC WORKS Commercial portfolio Coverage 2Q18-2Q19 (1) % 99.3 100.3 24.2 15.9 9.9 9.3 12.9 14.4 6.5 0.4 0.2 0.9 Real Property Mortgages Pledge Liquid Trust Collection Rights Personal Government Total 2Q18 2Q19 (1) Coverage includes = Government (Development Banks Funds, Federal Participations), Collection Rights, Actual Guarantees, Personal Guarantees, Real Property Mortgages. 9#10We have consistently maintained industry-leading asset quality Scotiabank Santander citibanamex NPLs Best-in-Class Asset Quality 2Q19% NPLs Adjusted for Write-Offs (1) 2.25% citibanamex 2.23% Santander 2.15% BBVA Bancomer BBVA Bancomer 2.05% HSBC HSBC 1.95% BBANORTE BBANORTE 1.85% Scotiabank® BANREGIO 8B BANBAJIO 1.64% 5.90% 5.09% 4.64% 4.16% 3.64% 3.17% BANREGIO 2.19% 0.84% 8B BANBAJIO 1.68% 0% 1% 2% 3% 0% 1% 2% 3% 4% 5% 6% 7% Source: Company information consolidated, CNBV Notes: (¹) Adjusted NPL Ratio = (Non-performing loan portfolio + write-offs) / Average (Gross loan portfolio + write-offs) for the period (12 months). 10 10#11▸ Asset Quality High asset quality and outstanding risk profile NPL Ratio |% NPL Ratio adjusted | % 2.40 2.20 6.20 5.70 5.20 2.00 2.11 2.15 2.16 4.79 4.70 4.70 4.50 1.80 4.20 1.60 3.70 1.40 3.20 1.20 2.70 0.95 1.00 0.89 0.84 2.20 1.75 1.68 0.80 1.70 1.27 0.60 1.20 2Q17 2Q18 2Q19 2Q17 2Q18 2Q19 Coverage Ratio | % Cost of Risk¹ | % 2017 | 0.94 2018 | 0.57 250.0 1.00 230.0 0.90 0.90 0.80 210.0 200.1 0.70 0.64 190.0 191.1 0.60 175.4 0.50 170.0 159.7 0.40 152.7 0.37 150.0 149.2 0.30 0.20 130.0 0.10 2Q17 2Q18 2Q19 2Q17 2Q18 2Q19 BanBajio System 1 Annualized quarter 11#12▸ Increasingly diversified and low-cost funding base Funding Breakdown | Ps$ Bn Total Deposits Growth (Demand + Time) 160,000 150,000 140,000 130,000 120,000 110,000 100,000 90,000 Notes: Cost of 20.0% 19.1% funding 199.5 18.0% 16.3% 176.0 16.0% 7.6% 20% 14.0% 21% Interbank Loans 5% 12.0% (Primarily Development 10.5% 10.7% 7% Bank Loans) 10.0% 42% 6.7% Repos 6.2% 8.0% 39% Time Deposits 6.0% 4.0% Demand Deposits 4.0% 2.2% 2.0% 34% 33% 0.0% 2Q17 2Q18 2Q19 2Q18 2Q19 BanBajio System Total Deposits * | Million Pesos CAGR '16-'2Q19: 13.8% System (") 6.8% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 2017 2018 -2019 7.0% Cost of Total Funding | % (3) June 19: System 5.3% (4) 7.9% 8.5% 5.7% 4.3% 4.7% 2Q17 2Q18 2Q19 (2) Cost of Funding Avg. TIIE 1. Total Banca Multiple consolidated figures June 19. 2. Interest expense divided by total funding (deposits, interbank loans, repos). 3. Includes repos, derivatives, and changes in adjustment to financial asset hedging valuation. 4. Annualized. Source: Company information, CNBV *Includes Repos. 12#13▸ Continuous upward trend in Revenues Revenues •Million Pesos 3,665 3,375 3,800 Revenues increased 8.6% in 2Q19 YoY and 13.2% in 6M19. 3,600 3,400 3,200 3,000 Positive performance in the Net Interest Income as a result of an increase in volume and interest rates. 2,714 2,800 2,600 2,400 2,200 2,000 2Q17 2Q18 2Q19 YOY 6M19 YOY Net Interest Income 3,063 10.1% 6,145 14.0% Non Interest Income 602 1.5% 1,160 8.9% Net Fees & Commissions 423 -3.9% 830 2.0% Trading Income 132 51.7% 219 42.2% Other Operating Income 47 -28.8% 111 14.4% Total Revenues 3,665 8.6% 7,305 13.2% 2Q19 13#14▸ Historical Net Income Performance Net Income was Ps. 1,412 million in 2Q19, 15.4% higher than 2Q18, as a result of an increase in volume and interest rates. 6M19 was Ps. 2,822 million 18.6% higher than 6M18. 1,500 1,400 1,300 1,200 1,100 1,000 940 900 • Million Pesos 1,412 1,224 800 700 600 500 2Q17 2Q18 2Q19 14#15▸ Strong Results boosted Returns and EPS ROAE • Annualized quarter ▪ We continue to post an above 18% level of ROAE since the IPO. 19.5% 19.2% 19.1% 19.0% 18.7% ■ Continuous growth in Earnings, resulted in a 84.6% increase in EPS since the IPO, and 23.2% YoY. 18.5% 18.0% 17.5% 17.0% 2Q17 2Q18 2Q19 ROAA EPS •Annualized quarter • Pesos 23% 2.6% 2.4% 2.4% 5.00 4.64 2.4% I 4.50 2.2% 2.1% I I 2.0% 4.00 3.77 1.8% 3.50 1.6% 3.00 1.4% 2.51 2.50 1.2% 1.0% 2.00 0.8% 1.50 2Q17 2Q18 2Q19 2Q17 2Q18 2Q19 15#16▸ Net Interest Margin NIM contracted 12 bps in 2Q19 YoY, as a result of: ▸ The Ps. $2 billion dividend payment paid on May 10th that was replaced with interest bearing liabilities. ▸ A higher growth in deposits compared to loans. 6.0% 5.5% 5.0% 5.1% 4.5% 5.6% 5.5% 4.0% 2Q17 2Q18 2Q19 16#17▸ Efficiency Ratio Efficiency Ratio for 2Q19 remains stable at 43.8% and 43.3% for 6M19 below the 44.2% in 6M18. Efficiency Ratio Evolution vs. Peers Operating Expenses/Total Revenues | % (1) $4,000 $3,500 49.6% 49.3% 48.6% $3,000 $2,500 45.2% $2,000 43.8% 43.8% $1,500 $1,000 $500 2Q17 2Q18 2Q19 (2) ■BanBajio Peers Average Total Revenues and Expenses (1) Ps$ MM | Quarterly 3,665 -1,605 2017 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 Source Company information and CNBV Revenues •Expenses Notes: (1) Total Revenues (excluding Loan Loss Provisions). (2) Peers Include: Banorte, Banregio, BBVA Bancomer, Citibanamex, HSBC, Santander and Scotiabank consolidated figures. 17#18▸ Capital Adequacy Ratio " ■ Solid capitalization ratio with 99.9% TIER 1 17% 16.17% 15.74% 16% 15.03% 15% 14% 13% 12% 11% 10% 9% 8% 2Q17 2Q18 2Q19 18#19▸ Solid corporate governance standards Board of Directors Composition Non-Independent 38% Total: 13 Members Independent 62% High Corporate Governance Standards ✓ Independent board members selected for their ample experience in banking, risks, economy and technology. ✓ Unique IT Board committee, not required by regulators, as testimony of BanBajio's commitment to technological advancement. ✓ Market standard variable compensation schemes for top management. ✓ Professional top management team, with no participation of relatives from controlling shareholders or board members. ✓ Loans to related parties authorized by BoD when required by size and granted at market terms. Source: Company information 19 19#208 BANBAJIO cotiza en Bolsa Mexicana BBAJIO reuro M Veuro € 8-9889 Supplemental Financial Information#21‣ Income Statement Var. Ps$ MM 2Q18 1Q19 2Q19 YoY QoQ O Interest Income Interest Expense $4,776 $5,576 $5,827 22.0% 4.5% (1,994) (2,494) (2,764) 38.6 % 10.8 % Financial Margin $2,782 $3,082 $3,063 10.1 % -0.6% Net Fees & Commissions 440 407 423 -3.9% 3.9% Trading Income 87 87 132 51.7 % 51.7% Other Operating Income / (Expense) 66 64 47 -28.8 % -26.6% Non Interest Income 593 558 602 1.5% 7.9% Total Revenues $3,375 $3,640 $3,665 8.6% 0.7% Allowance for Loan Losses (245) (177) (162) -33.9 % -8.5 % Administrative and Advertising Expenses (1,477) (1,557) (1,605) 8.7% 3.1% ■ Equity in income of unconsolidated 1 (2) 1 0.0 % -150.0% subsidiaries Income Before Taxes $1,654 $1,904 $1,899 14.8% -0.3% ■ Taxes (430) (494) (487) 13.3 % -1.4% Net Income $1,224 $1,410 $1,412 15.4 % 0.1 % Effective Tax Rate 26.0% 25.9% 25.6% -35 b.p. -30 b.p. 21#22‣ Income Statement Var. Ps$ MM 6M 18 6M 19 YoY Interest Income $9,262 $11,403 23.1% ■ Interest Expense (3,871) (5,258) 35.8 % Financial Margin $5,391 $6,145 14.0 % ■ Net Fees & Commissions 814 830 2.0% Trading Income 154 219 42.2 % ■ Other Operating Income (Expense) 97 111 14.4% Non Interest Income 1,065 1,160 8.9% Total Revenues $6,456 $7,305 13.2 % ☐ Allowance for Loan Losses (417) (339) -18.7% ☐ ■ Administrative and Advertising Expenses (2,855) (3,162) 10.8% ☐ Equity in income of unconsolidated 2 (1) -150.0% subsidiaries Income Before Taxes ■ Taxes $3,186 $3,803 19.4 % (806) (981) 21.7 % Net Income $2,380 $2,822 18.6 % Effective Tax Rate 25.3 % 25.8% 22 22#23▸ Balance Sheet Ps$ MM Var. 2Q18 1Q19 2Q19 YOY QoQ ■ Cash & Cash Equivalents $18,243 $24,063 $28,419 55.8 % 18.1 % ■ Investment in Securities 19,191 17,006 11,226 -41.5 % -34.0 % " Cash & Investments $37,434 $41,069 $39,645 5.9% -3.5% • Performing Loan Portfolio 156,912 174,174 174,504 11.2 % 0.2% Non-performing Loan Portfolio 1,501 1,614 1,486 -1.0% -7.9% ■ Gross Loan Portfolio $158,413 $175,788 $175,990 11.1 % 0.1% ■ Loan Loss Provisions Net Loan Portfolio (3,003) $155,410 (2,795) (2,606) -13.2 % -6.8% $172,993 $173,384 11.6% 0.2% • Repos 8,932 3,203 12,359 38.4 % 285.9 % Other Assets 11,938 12,333 15,843 32.2% 28.5 % Total Assets $213,759 $229,598 $241,231 12.9% 5.1% ■ Demand Deposits 59,384 59,686 65,084 9.6% 9.0% Time Deposits 69,032 79,323 84,238 22.0% 6.2% Total Deposits $128,416 $139,009 $149,322 16.3 % 7.4% Repos 11,452 11,423 9,758 -14.8 % -14.6 % Funding Including Repos $139,868 $150,432 $159,080 13.7 % 5.7 % * Interbank Loans 36,153 40,073 40,410 11.8% 0.8% ■ Other Liabilities 11,970 Total Liabilities $187,991 9,240 $199,745 12,589 5.2 % 36.2% $212,079 12.8% 6.2% Shareholder's Equity Mostly development banks funding. $25,768 $29,853 $29,152 13.1 % -2.3 % 23