#1SFIL GROUP INVESTOR PRESENTATION March 2022 SFIL C Caisse Française de Financement Local#2DISCLAIMER This document does not constitute or form part of any offer or solicitation to purchase or subscribe for securities and should not be considered as a recommendation by SFIL and/or CAFFIL that any recipient of this document should subscribe for or purchase any securities. The distribution of this document may be restricted by law or regulation in certain countries. Accordingly, persons who come into possession of this document should inform themselves of and observe these restrictions. This document is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This document is not for distribution, directly or indirectly, in or into the United States of America or to any "US Person" as defined in the U.S. Securities Act of 1933, as amended (the "Securities Act"). In addition, this document is being distributed to and is directed only at persons in member states of the European Economic Area ("EEA") who are "qualified investors" within the meaning of article 2(1)(e) of the Prospectus Directive (directive 2003/71/EC), as amended, to the extent implemented in the relevant member state ("Qualified Investors"). Any person in the EEA who receives this document will be deemed to have represented and agreed that it is a Qualified Investor. Any such recipient will also be deemed to have represented and agreed that it has not received this document on behalf of persons in the EEA other than Qualified Investors. SFIL and/or CAFFIL will rely upon the truth and accuracy of the foregoing representations and agreements. Some information or opinions contained in this document (i) have been compiled or arrived at by SFIL and CAFFIL from sources believed to be reliable, but SFIL and CAFFIL do not make any representation as to their accuracy or completeness and (ii) are given at the date mentioned in the presentation and are subject to change without notice. This document is not to be relied upon as such or used in substitution for the exercise of any independent judgment and each recipient must make its own investigation as to the opportunity of any investment in SFIL and/or CAFFIL. 2 SFIL Group Investor Presentation March 2022#3EXECUTIVE SUMMARY ■ SFIL is the French local government and export financing agency and has a clear leadership position in the French market for both activities ■ The public development bank business model of SFIL has proven its strong resilience in the current pandemic context Strong credit ratings by three agencies, with two ratings of SFIL directly aligned with the French Republic Strong business outlook, with the activity of SFIL in support of the French export activity and of local public investments closely aligned with the French economic recovery plan ■ SFIL is part of the large public financial pole headed by CDC Group with a letter of comfort provided by CDC as reference shareholder, complemented by a direct letter of support by the State Strongest financial results since the creation of SFIL for the year 2021 underline the resilience of the public development bank business model of SFIL Funding via regular issuance by SFIL in the SSA market and by CAFFIL in the covered bond market as largest public sector covered bond issuer ■ Debt issued by both SFIL and CAFFIL is classified as LCR Level 1, and eligible for purchases under PSPP in the case of SFIL, and under CBPP in the case of CAFFIL ■ Since 2019, issuance under green and social bond format represents a growing share of total issuance 3 SFIL Group Investor Presentation March 2022#4AGENDA r 1. Local Government and export financing agency Public ownerhip and public policy missions Strong balance sheet and credit ratings Commitment to sustainability 2. Group funding strategy CAFFIL - leading public sector covered bond issuer SFIL - regular benchmark issuer in EUR and USD ESG bond issuance 4 SFIL Group Investor Presentation March 2022#5PUBLIC OWNERSHIP AND PUBLIC POLICY MISSIONS PUBLIC OWNERSHIP AND DEVELOPMENT BANK STATUS One ordinary share 99.99% SFIL Caisse Française de Financement Local Liberté Égalité Fraternité RÉPUBLIQUE FRANÇAISE Caisse des Dépôts GROUPE 66%* LE GROUPE LA POSTE LA BANQUE POSTALE CNP assurances Under the supervision and the guarantee of the French Parliament 50%* bpifrance Bpifrance S.A. SFIL has become a member of CDC Group on September 30th 2020, with CDC as new reference shareholder and the State retaining one ordinary share CDC provides a letter of support to SFIL, complemented by a direct letter of support by the State, maintaining SFIL's public development bank status Debt issued by SFIL is classified as LCR Level 1 under Article 10.1.(e)(i) LCR delegated act The State is represented on SFIL's board of directors via a censor (non- voting director) ensuring that SFIL'S activity is coherent with public policies * The State indirectly holds a 50% stake in BPIfrance SA via EPIC BPIfrance and retains a 34% stake in La Poste 5 SFIL Group Investor Presentation March 2022#6PUBLIC OWNERSHIP AND PUBLIC POLICY MISSIONS RATINGS REFLECT DEVELOPMENT BANK STATUS MOODY'S S&P Global Ratings DBRS CAFFIL Long term Aaa AA+ AAA AA (High) Strong credit ratings based on 100% public ownership and commitment by CDC and the French Republic to ensure that the economic basis of SFIL is protected and the financial strength preserved Ratings of SFIL by two agencies are directly aligned with the ratings of the French Republic There is an additional rating pick-up for covered bonds issued by CAFFIL based on the over-collateralization and the covered bond legal framework SFIL P-1 A-1+ Short term Aa3 AA R-1(High) AA(High) Long term CDC Aa2 AA - French Republic Aa2 AA 6 SFIL Group Investor Presentation March 2022#7PUBLIC OWNERSHIP AND PUBLIC POLICY MISSIONS STRONG ESG RATING SFIL is rated since 2020 by Sustainalytics with an ESG score of 6.6 and a 'negligible ESG Risk' rating This score places SFIL in the top percentile of the overall rating universe, and as one of the best performers in its industry and region SFIL is one of the top performers ■ in the banking industry ranked 9th out 1068 entities amongst development banks ranked 9th out of 116 development banks (as of December 17th 2021) ■ SFIL strategy has been recognized for its ability to mitigate ethical issues in business, its social inclusive policies and its sustainable financial initiatives SUSTAINALYTICS- a Momingstar company RATED "The Company is at negligible risk of experiencing material financial impacts from ESG factors due to its low exposure and strong management of ESG issues" SFIL Development Earks France ESG Risk Rating ESG Risk Rating Distribution Peers Table Sustainalytics ESG Risk Rating Summary Report 6.6 -1.2 Negligible Risk Updated Dec 17, 2021 Momentum NEGL 0-10 DOM MED AEVERE 10-31 20:30 30-40 ESG Risk Rating Ranking UNIVERSE RANK PERCENTILE 1=was a slawest rak 45% Global Universe 20/15001 1st 20% 27% Banks 91068 2nd 13% Development Banks SUBNCOS R 9/118 8th Neglige Lov Macum Hig Seve Peers (Market cap $0.0-$0.0bn) 1. International Bank for Reconstruction & Development 2. European Stability Mechanism (ESM) Exposure Management ESG Risk Rating 20.1 Low 72.4 Strong 5.9 Negligible 17.9 Low 66.0 Strong $.3 Negligible 21.0 Low 70.4 Strong 5.6 Negligible 20.1 Low 60.2 Strong $.7 Negligible 4. Inter-American Development Bank 3. SFIL 5. Export Development Canadia 22.1 Low 60.2 Strong 7.3 Negligible 7 SUSTAINALYTICS 2021 Sustainalytics. All rights reserved. Page 1 of 6 SFIL Group Investor Presentation March 2022#8PUBLIC OWNERSHIP AND PUBLIC POLICY MISSIONS EUROPEAN PEERS SAB Sächsische AufbauBank KBN Kom Kommunalbanken Norway KOMMUNE KREDIT Thüringer Aufbaubank Die Förderbark NWB) BANK GNG NRW.BANK Wir fördem Ideen WI Bank SFIL EL-BANK Staatsbank für Baden Württemberg Fin de lle .CF Institut Català de Finances ivF INSTITUT VALENCIA FINANCES Finlombarda KOMMUNINVEST OF SWEDEN MuniFin Investitionsbank ⚫⚫ Berlin Bundesverband Offentlicher Bonken Deutschlands VOB rentenbank exim BGK BANK GOSPODARSTWA KRAJOWECO HYPO VERBAND BULGARIAN DEVELOPMENT BANK *S)> Banka HBOR IRBRS МЕРУ MFB Similar set ups exist across Europe, most are members of the European Association of Public Banks (EAPB) The EAPB represents directly and indirectly over 90 financial institutions with overall total assets of over EUR 3.500 billion and 15% market share of the European financial sector SFIL holds the presidency of the EAPB since 2016 Public development banks provide funding for projects that support sustainable economic and social development including the promotion of a greener economy, SME lending, social housing, health care, education and public infrastructure at national, regional and local level MDB HAITA DEVELOPMENT BANK 8 SFIL Group Investor Presentation March 2022#9PUBLIC OWNERSHIP AND PUBLIC POLICY MISSIONS FRENCH LOCAL PUBLIC SECTOR LENDING IN PARTNERSHIP WITH LA BANQUE POSTALE SFIL French local public sector LA Financial markets Long term lending BANQUE POSTALE loans are transferred via true sale Caisse Française de Financement Local Bond issuance Lending to the local public sector under a strict framework under European Commission supervision, scope of lending limited to French local authorities and public hospitals Loans are originated by La Banque Postale, transferred via true sale to the balance sheet CAFFIL and refinanced via bond issuance on international capital markets Loans at priced at the going market rate, without any subsidization and with a separate credit approval process at the level of SFIL Group Looking ahead, the refinancing of local public sector loans originated by CDC (Banque des Territoires) will complement the refinancing of local public sector loans originated by La Banque Postale 9 SFIL Group Investor Presentation March 2022#10PUBLIC OWNERSHIP AND PUBLIC POLICY MISSIONS MARKET LEADER IN LOCAL PUBLIC SECTOR LENDING Market share around 20% with EUR 4.9 billion in new lending in 2021 SFIL has been the first lender to local authorities in France for 7 consecutive years EUR 2.1 m average volume per loan with an average maturity of 18.1 years - Limited financial impact of the Covid pandemic French local government revenues have seen a reduction by less than 2% for the year 2020 (source: Eurostat) The French EUR 100 billion economic recovery plan set aside EUR 30 billion to finance the ecological transition including improvements in the energy performance of building and soft public transportation Local governments investments will play a central role in these areas leading to strong outlook for the lending activity for the years ahead LBP and SFIL 2021 Local Public Sector Financing Départements 12% Municipalities and other 36% Associations of municipalities 32% Public hospitals 13% Regions 7% 10 SFIL Group Investor Presentation March 2022#11PUBLIC OWNERSHIP AND PUBLIC POLICY MISSIONS REFINANCING PLATFORM FOR LARGE FRENCH EXPORT LOANS Export Client Liberté Égalité Fraternité RÉPUBLIQUE FRANÇAISE bpifrance ◆ ASSURANCE EXPORT French Public Export credit guarantee - 95% of the export loan fully guaranteed exposure* SFIL Caisse Française de Financement Local Exposure of at least 5% of the loan * A specific guarantee mechanism is in place for the civil aviation industry covering 100% of the contract volume Export Bank SFIL provides a refinancing platform for loans with a French public export guarantee, framework agreements are in place with 27 banking partners covering more than 95% of the market French export credit guarantees are managed by Bpifrance Assurance Export, guarantee are directly provided by the French Republic SFIL activity is limited to the refinancing of 100% French government exposures and to large export contracts above EUR 70 m 11 SFIL Group Investor Presentation March 2022#12PUBLIC OWNERSHIP AND PUBLIC POLICY MISSIONS LEADERSHIP IN FINANCING LARGE EXPORT CONTRACTS - SFIL Group is the leading liquidity provider for large French export contracts as of December 31st 2021, the total refinancing volume of French export contracts provided by SFIL Group since the start of the activity amounted to EUR 10.5 billion After a significant slowdown in the activity linked to the pandemic context in 2020, the activity picked up strongly in 2021 in 2021, SFIL signed refinancing operations with a total volume of EUR 2.2 billion. Looking ahead, the increase in the number and volume of refinancing requests point to a strong recovery of this activity SFIL has no exposures in Russia or Belarus, and only one single exposure in Ukraine - 100% guaranteed by the French Republic - with an outstanding amount of EUR 51.1 m on the balance sheet and EUR 17.4 m in undrawn commitments as of December 31st 2021 Geographic distribution as of December 31st 2021* Americas 29% Middle East / Asia 19% Europe 30% Africa 22% 12 *all exposures guaranteed by the French Republic SFIL Group Investor Presentation 2022#13STRONG BALANCE SHEET AND CREDIT RATINGS STRONG RESULTS IN THE PANDEMIC CONTEXT SFIL - consolidated financial statement as of December 31st 2021 31/12/2020 31/12/2021 180 235 -112 -115 Results illustrate the resilience and relevance of the public development bank model of SFIL in the context of a crisis of exceptional scale: ■ a strong and highly countercyclical local public sector lending activity, EUR M Net banking income Operating expenses - Gross operating income 68 119 Cost of risk -9 3 Income before tax 62 122 Income tax Net income -18 -46 44 76 ongoing conditions turbulence, excellent financing despite an excellent market fit with the low interest rate environment through the Group's bond issuance Overall, net income increased to EUR 76 m compared to EUR 44 m in 2020, the cost/income ratio stood at 52% compared to 63% in 2020, and the CET1 solvency increased to 34.6% compared to 29.4% in 2020 13 SFIL Group Investor Presentation March 2022#14STRONG BALANCE SHEET AND CREDIT RATINGS AMBITIOUS STRATEGIC DEVELOPMENT PLAN 2026 #OBJECTIF 2026 Le plan stratégique Increase issuance of social, green and sustainable bonds as share of total funding Objective: 25% of total funding by 2024 under green, social and sustainable format Provide support to public hospitals as part of the French healthcare investment plan ('Ségur de la Santé') 20% increase in lending to public hospitals by 2024 Provide financing for very long dated local government loans provided by Banque des Territoires (CDC) ■ Targeted yearly volume of EUR 500 m from 2023 onwards Provide social loans to local authorities for projects in areas including education and culture in partnership with La Banque Postale Target of EUR 900 m p.a. by 2025 Following the success of its first strategic plan, SFIL has announced the launch of its second strategic 5 year plan The plan aims to develop the activity of SFIL by capitalizing on a favorable market dynamic and on the strengths solidity of the business model, and of SFIL's financing capacities The local public sector will play a key role in the transformation of the French economy via the French economic recovery plan ('Plan France Relance') and the French healthcare investment ('Ségur de la Santé') In this plan context, SFIL aims to consolidate its position as the leading financier of the French local public sector - with a focus on sustainable development 14 SFIL Group Investor Presentation March 2022#15STRONG BALANCE SHEET AND CREDIT RATINGS 2021 KEY FIGURES Total Assets EUR 74.8 billion Equity EUR 1.7 billion Leverage Ratio 9.0% Total Capital Ratio 35.3% CET1 Ratio 34.6% SFIL is a fully regulated financial institution supervised by the European Central Bank Seventh largest French bank by size of its balance sheet Business activity is strictly limited to the execution of two public policy missions Strong capital and liquidity position significantly above regulatory LCR Ratio 949% (consolidated) requirements Specific treatment of local government loans of for the calculation the leverage ratio based on the status as public development bank 15 SFIL Group Investor Presentation March 2022#16STRONG BALANCE SHEET AND CREDIT RATINGS STRONG CAPITAL AND LIQUIDITY POSITION Consolidated main balance sheet items (including CAFFIL) December 31st 2021 - (EUR billion, notional amounts) Loans and securities Cash assets 58.2 Covered bonds 4.1 SFIL bond issuance 9.3 52.3 0.8 1.7 Total assets of EUR 74.8 billion, activity limited to the refinancing of public sector assets Lowest SREP requirement amongst 108 financial institutions based on the low risk business model: ■ 7.75% for the CET1 ratio ■ 11.25% for the total capital ratio The Single Resolution Board has announced that simplified obligations apply to SFIL with normal insolvency law as preferred resolution strategy SFIL exceeds the MREL requirement set at the loss absorption amount (LAA) Cash collateral paid 2.2 Commercial paper Cash collateral received 0.9 Equity CET1 ratio: 34.6% 16 SFIL Group Investor Presentation March 2022#17STRONG BALANCE SHEET AND CREDIT RATINGS HIGHLY GRANULAR PUBLIC SECTOR PORTFOLIO France 90.3% CAFFIL public sector portfolio (31.12.2021) Other 2.6% Italy 7.1% Municipalities 52.0% Départements 13.9% Regions 8.7% Sovereigns 2.8% Public sector entities 3.2% Public Hospitals 10.6% Export refinancing loans* 8.8% High granularity with around 13,700 counterparties Origination of new loans limited to French assets: Local government and public hospital loans and export loans benefitting from French State guarantee a International legacy portfolio managed in runoff, cover pool to be entirely composed of French assets in the long run The share of exposures linked to the export activity will increase gradually and will only become significant in several years *guaranteed by the French Republic 17 SFIL Group Investor Presentation March 2022#18COMMITMENT TO SUSTAINABILITY CORPORATE RESPONSIBILITY As a signatory of the United Nations Global Compact, SFIL contributes to the achievement of key Sustainable Development Goals. As leading lender since 2015 to the French local public sector, SFIL plays a central role for the financing of schools and nurseries, local public transport and public healthcare facilities The export financing activity is limited to loans compliant with OECD environmental and social guidelines. For sensitive projects a social and environmental impact analysis is publicly available, projects based on coal energy are excluded from the French public guarantee mechanism. A first carbon footprint assessment has been put in place in 2019. SFIL has the ambition to achieve a 15% reduction in its carbon footprint over the coming years 3 GOOD HEALTH AND WELL-BEING W 4 5 GENDER EQUALITY 6 7 AFFORDABLE AND CLEAN ENERGY 9 11 SUSTAINABLE CITIES 12 AND COMMUNITIES 13 CLIMATE ACTION 18 QUALITY EDUCATION CLEAN WATER AND SANITATION INDUSTRY, INNOVATION AND INFRASTRUCTURE RESPONSIBLE CONSUMPTION AND PRODUCTION QO SFIL Group Investor Presentation March 2022#19AGENDA 1. Local Government and export financing agency Public ownerhip and public policy missions Strong balance sheet and credit ratings Strong commitment to sustainability 2. Group funding strategy Issuance in the covered and SSA markets ESG bond issuance 19 SFIL Group Investor Presentation January 2022#20GROUP FUNDING STRATEGY FOUR STRATEGIC FUNDING AXES Domestic CP program SSA benchmark issuance Covered bond issuance ESG issuance Diversification of short dated funding Outstanding SFIL CP volume fluctuating around EUR 1 billion Yearly planned issuance around EUR 2 billion USD and/or EUR benchmark issuance Outstanding currently over EUR 9 billion equivalent Yearly planned issuance via CAFFIL between EUR 4 and 6 billion Regular EUR benchmark issuance and PP issuance (EMTN and RCB) Around EUR 50 billion outstanding Regular benchmark issuance by SFIL and CAFFIL in the ESG market Issuance of inaugural social and green bond in 2019 At least one transaction under green and/or social format planned per year 20 20 SFIL Group Investor Presentation March 2022#21ISSUANCE IN THE COVERED AND SSA MARKETS BENCHMARK AND PRIVATE PLACEMENT ISSUANCE SFIL benchmark issuance CAFFIL benchmark issuance CAFFIL PP issuance ■ Regular benchmark issuance in the SSA market in EUR and USD ■ Focus in 3 and 5 year maturity segment for USD issuance ■ EUR benchmark issuance with maturities up to 10 years ■ Regular benchmark issuance in EUR under covered bond format ■ Complete reference curve with issuance focus on medium to long duration ■ possible taps with a minimum size of EUR 150m ■ Maximum outstanding volume per bond of EUR 2 billion (taps included) ■ EMTN and RCB format ■ Possibility of lightly structured pay-offs in EUR including single callable and CMS-linked ■ Currencies for vanilla issuance: EUR, CHF, GBP, JPY, USD ■Minimum size: EUR 10m ■ RCB assignment flexibility: EUR 1m ■ Issuance of Social bond private placements under plain vanilla format 21 21 SFIL Group Investor Presentation March 2022#22ISSUANCE IN THE COVERED AND SSA MARKETS COVERED BOND ISSUER PROFILE Issuer Legal Format Credit Ratings ESG Ratings Risk weighting LCR classification* Maturity structure CRR compliant UCITS compliant CBPP3 eligible ECBC Covered Bond Label CAFFIL Obligations Foncières Aaa/AA+/AAA ISS: Prime C+, MSCI: AA, IMUG: BBB positive (Covered Bonds) 10% (standardized approach) Level 1 Hard bullet only The Level of regulatory over- collateralization stood at 115.8% as of December 31st 2021 is The level of overcollateralization significantly above levels required by rating Agencies: Moody's: 105% ■ S&P: 105% ☐ DBRS: 105% * European Union 22 22 SFIL Group Investor Presentation March 2022#23ISSUANCE IN THE COVERED AND SSA MARKETS ISSUER PROFILE IN THE SSA MARKET Issuer Credit ratings ESG Rating Format Risk weighting Currencies Documentation LCR classification* SFIL Aa3/AA/AA (high) Negligible Risk - 6.6 (Sustainalytics) EMTN 20% (standardized approach) EUR/USD Reg. S Level 1 Focus on benchmark issuance in EUR and USD to build a reference curve in both markets Three outstanding USD benchmark transactions, focus on maturities between 3 and 5 years for USD issuance The reference curve in Euro is currently made of four benchmark transactions with focus for EUR issuance on maturities up to 10 years PSPP eligible * European Union 23 SFIL Group Investor Presentation March 2022#24ESG ISSUANCE FRAMEWORKS FOR GREEN AND SOCIAL BOND ISSUANCE Social Bonds ■ Framework set up in 2018 with a focus on financing investments by French Public Hospitals ■ Issuance under a portfolio approach ■ Possibility to issue Social Bonds via SFIL and CAFFIL ■ Possibility to issue plain vanilla private placements under EMTN format via CAFFIL ■ Transactions: ■ 0.5% EUR 1 billion CAFFIL Social Bond 2019/2027 ■ 0.01% EUR 1 billion CAFFIL Social Bond 2020/2025 ■ 0.01% EUR 750 m CAFFIL Social Bond 2021/2029 Green Bonds ■ Framework set up in 2019 to finance green investments by French local authorities ■ Dedicated green loans are made available to local authorities ■ Possibility to issue green bonds via SFIL and CAFFIL ■ Transactions: ■ 0.1% EUR 750 m CAFFIL Green Bond 2019/2029 ■ 0% EUR 500 m SFIL Green Bond 2020/2028 ■ 0.25% EUR 500 m SFIL Green Bond 2021/2031 Total outstanding benchmark volume under Green and Social Bond above EUR 4.5 billion SFIL Green and Social Bond issuance has gained wide market recognition: ■ ■ ■ IFR Awards 2019: Best Social Bond IFR Awards 2020: Best Covered Bond (Covid-19 social bond benchmark) Global Capital SRI Awards 2019: Most Impressive Social or Sustainability Issuer Global Capital Awards 2020: Most impressive FI funding strategy during Covid Pandemic Covered Bond Report Awards 2019: Best ESG Issuer Covered Bond Report Awards 2020: Best green, social or sustainability deal Environmental Finance Awards 2020 Asset Based and 2021: Best Social Bond & Covered Bonds 1 24 24 SFIL Group Investor Presentation March 2022#25ESG BOND ISSUANCE SOCIAL BOND FRAMEWORK IN LINE WITH ICMA PRINCIPLES Use of proceeds Process for Project Evaluation and Selection Management of proceeds Reporting Social notes will be used to finance and/or refinance the portfolio of loans to French public hospitals (new loans and loans originated since 2013) Investment plans of public hospitals are coordinated by the Regional Health Agencies ensuring that investments are in line with overall public healthcare objectives In addition, the credit decision by SFIL is in part based on an extra-financial analysis of the public hospital to assess the Healthcare Added Value ("HAV") of a public hospital internal systems track the use of proceeds of the Social Notes and monitor the Health Loan Portfolio. Social Notes are managed under a portfolio approach, i.e. the total outstanding amount of Social Notes is always lower than the size of the Health Loan Portfolio Allocation reporting will be available within one year from the date issuance and annually thereafter until full allocation. In addition, SFIL will report on social impact indicators SUSTAINABLE DEVELOPMENT GOALS 3 GOOD HEALTH AND WELL-BEING 4 QUALITY EDUCATION 9 INDUSTRY, INNOVATION AND INFRASTRUCTURE 11 SUSTAINABLE CITIES AND COMMUNITIES ::: 25 SFIL Group Investor Presentation March 2022#26ESG ISSUANCE SOCIAL BOND REPORTING SUMMARY Outstanding volume (EUR m) 288 Number of hospitals financed EUR 380.1m 34 EUR 86.7m EUR 385.6) EUR 250.4m 21 27 22 EUR 225.8m 22 EUR 117.1m) 14 EUR 118.7m EUR 178.4m 10 17 Overseas territories EUR 123.0m 5 EUR 217.7m EUR 341.2m 28 32 EUR 344.8m EUR 211.5m 24 30 26 26 EUR 7.4m 2 Slidesgo Freepik The total outstanding amount as of December 31st 2020 is EUR 2 988m. The eligible healthcare portfolio has grown from EUR 2.6 billion as of June 30th 2019 to EUR 3 billion as of December 31st 2020. 761 loans were in the eligible portfolio. 288 different public hospitals have been financed with this social bond transaction. SFIL Group public hospitals financing covers the entire French territory, all metropolitan regions are covered. SFIL Group Investor Presentation March 2022#27ESG BOND ISSUANCE GREEN BOND FRAMEWORK IN LINE WITH ICMA PRINCIPLES Use of proceeds Process for Project Evaluation and Selection Management of proceeds Reporting Green bond proceeds will be used to finance and/or refinance Eligible Green Loans which belong to the following Eligible Green Loan Categories: Territorial mobility and soft urban transport, Sustainable Water and Sanitation and Climate Change Adaptation, Waste Management and Valuation, Energy efficiency of construction and urban development, Renewable Energy At operational level, La Banque Postale offers green loans for the financing of eligible projects to French local public authorities. SFIL verifies and validates the classification as eligible green loan, the Green Bond committee monitors the project selection and evaluation process according to the eligibility criteria internal systems track the use of proceeds of the green bonds and monitor the Eligible Green Loans. Green Bonds are managed under a transaction by transaction approach, ensuring each transaction is allocated to a dedicated set of "Eligible Green Loans" Allocation reporting will be available within one year from the date issuance and annually thereafter until full allocation. In addition, SFIL will report on environmental impact indicators 6 CLEAN WATER AND SANITATION 7 AFFORDABLE AND CLEAN ENERGY 9 INDUSTRY, INNOVATION AND INFRASTRUCTURE 11 SUSTAINABLE CITIES AND COMMUNITIES 27 ------ 12 RESPONSIBLE CONSUMPTION AND PRODUCTION 13 CLIMATE ACTION QO SFIL Group Investor Presentation March 2022#28ESG ISSUANCE GREEN BOND REPORTING SUMMARY EUR 750 m CAFFIL 2019/2029 - allocation EUR m 350 300 250 200 150 100 50 332 242 0 transport Territorial mobility Sustainable water and soft urban & sanitation and climate change Waste management & valuation adaptation 250 200 150 100 50 237 154 18 4 Energy efficency of Renewable energy construction & urban development EUR 500 m SFIL 2020/2028 - allocation EUR m 154 59 46 Overall Green Loans with a total volume of EUR 1.25 billion have been allocated to the two Green Bond transactions in total, the two Green Bond transactions have contributed to the financing of 293 different green investment projects by French local authorities The financing provided by the two Green Bond transaction will lead to estimated annual reductions in CO₂ emissions of 17587 t SFIL and La Banque Postale aim to provide smaller local authorities with an access to green financing with a minimum amount for green loans lowered to EUR 300 k 0 and soft urban Territorial mobility Sustainable water & sanitation and climate change adaptation transport Energy efficency of construction & urban development Waste management & valuation 3 Renewable energy 28 SFIL Group Investor Presentation March 2022#29GROUP FUNDING STRATEGY STRONG AND DIVERSIFIED INVESTOR BASE Distribution - In Volume Distribution 2021 Per Region 6% 3% 8% 11% 10% 30% 32% 19% 2021 In Volume Per Investor type 9% 46% Since 2013, 635 different investors have participated in benchmark transactions by the group Strong diversification between the investor base of SFIL in the SSA market and the investor base of CAFFIL in the covered bond market Green and social bond issuance has contributed to further widen the investor base over recent years 26% ■Germany/Austria ▪ France ■ UK ■ Banks ■ AM ■ CB/OI Insurance ■ Nordics ■ Others ■ Southern Europe Benelux 29 29 SFIL Group Investor Presentation March 2022#30GROUP FUNDING STRATEGY HIGHLY REGARDED ISSUER The Cover Awards cmdportal mtn-i Awards cmdportal Awards cmdportal Best Euro Issuer The Cover Awards 2016 Best Covered Bond Issuer CMD Portal Awards 2017 Best Covered Bond Private Placement mtn-iAwards 2018 Best Covered Bond Issuer CMD Portal Awards 2018 GlobalCapital SRI Awards Most Impressive Social or Sustainability Issuer SRI Awards 2019 Best Covered Bond Issuer CMD Portal Awards 2019 IFR AWARDS 2019 The Covered Bond Report Awards for Excellence 2019 Best Social Bond Best ESG Issuer IFR Awards 2019 GlobalCapital Most impressive Fl Funding Strategy during Covid Pandemic Global Capital Awards 2020 CBR Awards 2019 Awards cmdportal Awards cmdportal Environmental Finance Bond Awards 2020 Winner The Covered Bond Report Awards 2020 Best Covered Bond Issuer CMD Portal Awards 2020 Best Social Bond - Asset Based & Covered Bonds Environmental Finance 2020 Best green, social or sustainability deal CBR Awards 2020 IFR AWARDS 2020 Best Covered Bond Issuer Best Covered Bond CMD Portal Awards 2021 IFR Awards 2021 30 30 Experimental Finance Bond Awards 2021 Winner Asset-hacked asset hesed/ covered social bond of the year The Covered Bond Report Awards for Excellence GlobalCapital Covered Bond Awards Best Euro Issuer GC Covered Bond Award 2020 Awards cmdportal Best Social Bond - Asset Based & Covered Bonds Environmental Finance Best Euro Issuer CBR Awards Best Covered Bond Issuer CMD Portal Awards 2021 2021 SFIL Group Investor Presentation March 2022 2022#31KEY TAKE AWAYS Status as public development bank - debt classified as HQLA Level 1 and PSPP eligible - with two public policy missions Leadership position in both business activities: " ☐ Market share in French local public sector lending around 25% Market share for the re-financing of export loans guaranteed by the State above 40% Since September 30th 2020, CDC is the reference shareholder and provides a letter of support, supplemented by a letter of support from the French Government, maintaining SFIL's status as public development bank STANDARD & POOR'S RATINGS SERVICES 'based on our view of SFIL's critical role for and integral link with the French government, we consider that there is an almost certain likelihood that the government would provide timely and sufficient extraordinary support to SFIL in the event of financial distress' S&P Rating Report, April 21st 2021 MORNINGSTAR DBRS 'DBRS Morningstar considers that this recent change in ownership reinforces the efficiency and timeliness of the support mechanisms between SFIL, its new reference shareholder CDC and ultimately the French State. DBRS Morningstar views SFIL as a major subsidiary of CDC with a critical role in France given its public development bank mission.' DBRS Press Release, February 1st 2021 31 SFIL Group Investor Presentation March 2022#32CONTACTS Investor Relations & Sustainability Ralf Berninger, CFA Head of Investor Relations Tel +33(0)1 7328 8807 [email protected] Clotilde Queneudec Investor Relations Tel +33(0)1 7328 8464 [email protected] ALM and Financial Markets Olivier Eudes Head of ALM and Financial Markets Tel. +33 (0)1 3013 3908 [email protected] Gonzague Veillas Head of Treasury and Funding Tel +33(0)1 3013 3909 [email protected] [email protected] 32 SFIL Group Investor Presentation March 2022