#18 BANBAJIO A Leading Specialized Bank set for Long-Term Profitable Growth reuro € cotiza en Bolsa Mexicana BBAJIO M veuro € 8-9889 R-26 Corporate Presentation November | 2020 Information as of 3Q20#2► Disclaimer The material that follows presents general background information about Banco del Bajío, S.A., Institución de Banca Múltiple (the "Company" or "BanBajio") 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. 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. 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▸ Evolution from an emerging local bank to a specialized leader with national presence BanBajio's History in Four Phases BanBajio Today ✓ 3 rd largest locally-controlled bank in Mexico(1), with Evolution of Branch Network (#) ~US$12.2 Bn (2) in total assets. 1 Founding 2 Diversification 3 Growth 4 Results 8th largest bank in the country by loans & deposits and company-sector loans. (1) 283 2.7x 308 ✓ Focused on profitable, low-risk and high-growth corporate and SME loan segments. ✓ National presence through a client-centric multi-channel platform. Currently in an intensive digital transformation process. ✓ Well capitalized with diversified funding. Mexican Investors ('94 - At IPO) 17 1 46 105 27 25 13 S 556 643 1 1994 1999 2004 2009 2014 Our Shareholders Have Been Instrumental Pillars of Our Success 3Q20 97.3% Deep relationships in the Mexican economy Sabadell ('98-'04): 10% ('05-'12): 20% International IFC Finance Corporation WORLD BANK GROUP ('06-'16): 10% TEMASEK ('12 -At IPO) 2.7% Source: Company information, CNBV Notes: (1) Based on total deposits and total loans as of Sept 30, 2020. (2) Using an exchange rate of Ps$ 22.1438 per US$, round number. *Pre IPO 12.97%, Post-IPO 2.7% Definition of business model Best-in-class corporate governance practices Profitability enhancements 3#4▸ Our well-invested platform allows us to offer a full multi-channel solution to our customers 19 Northwest 15 Pacific 48 Southwest B Corporate Headquarters 51 Guanajuato 8B BanBajío Branch Distribution by Region 13 North Center 28 North 16 Michoacan 32 Metropolitan South Aguascalientes 12 San Luis Potosi Mexico City More ATMs at the Reach of our Clients Afirme Scotiabank BanBajío Inbursa banregio 15 Queretaro 308 Branches 29 States 32 Metropolitan North 79 Cities 18 Southeast Banregio Intercam Azteca Source: Company information More than = 6,700 4#5▸ Specialized Bank on SME and Corporate Loans BanBajio is Highly Specialized on SME and Corporate Loans Company Loans as % of Total Loans | 3Q20 BanBajio's Unique Access and Capabilities to Better Serve Companies BANREGIO 8 BANBAJIO HSBC 54% Santander 50% citibanamex 47% Scotiabank® 44% BBVA BBANORTE 43% 38% 85% 80% 0% 20% 40% 60% 80% 100% Source: CNBV (Total Banca Multiple consolidated figures) 1 Deep and technical knowledge of our customers and their businesses 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 5#6► 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. 6#7‣ Loan Growth Portfolio and Deposits Total Loan Portfolio grew 7.0% in 3Q20 Y o Y. Company Loans, which represents our core business, increased 3.6 %. Company Loans* * Government Consumer Mortgage 200,000 Total Loan Portfolio | Million Pesos CAGR '17-'3Q20: 11.5% System (1) 6.5% 190,000 180,000 YoY Yield 170,000 3.6% 3Q19 3Q20 160,000 54.2 % 11.36 % 8.39 % 150,000 22.7% -1.2% -2.97 % 140,000 130,000 120,000 Total Deposits (TD) grew 15.3% in 3Q20. Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 -2018 2019 --2020 ▼Total Deposits 2 Million Pesos CAGR '17-'3Q20: 12.3% System (1) 7.7% YoY Cost Demand Deposits 19.8% TD Time Deposits 8.2 % 3Q19 5.64 % 3Q20 180,000 3.72 % 170,000 Notes 100.0 % -1.92 % 160,000 Repos -22.5% 150,000 140,000 Interbank Loans** 17.7% 130,000 TIIE average: 3Q19 8.35% *Includes financial entities. 3Q20 4.98% } 120,000 -3.37% 110,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec ** Mostly development banks. -2017 -2018 1. Total Banca Multiple consolidated figures September 20. 2019 -2020 7 2. Includes Repos.#8▸ Loan Portfolio, BanBajio's main asset 3Q19 % Consumer Mortgage Government 4% 1% 7% Financial Institutions 5% Loan Portfolio Breakdown By Type 3Q20 | % Mortgage Government 4% Consumer 1% 9% Financial Institutions Companies 83% 6% 1 SMES 29% Corporates 54% SMES 27% Commercial Portfolio Breakdown (1) | By Economic Sector 3Q19 % Agriculture, Forestry and Fishing Other 7% Financial & Real Estate 15% 11% Companies 80% Corporates 53% 3Q20 | % Agriculture, Forestry and Fishing 11% Commerce, Restaurants & Hotels 23% Other 7% Commerce, Restaurants & Hotels 22% Manufacture 15% Services 13% Construction 16% (¹) Commercial portfolio includes = Company loans, Financial Institutions and Government. Financial & Real Estate 17% Manufacture 15% Services 14% Construction 14% 8#9▸ Loan Portfolio, BanBajio's main asset 55.2 53.8 Commercial portfolio Use 3Q20 | % 5.5 0.5 0.1 6.1 6.6 9.0 49.5 ■ FIXED ASSETS 22.7 ■ WORKING CAPITAL ■LIABILITIES PAYMENT ■GOVERNMENT INFRASTRUCTURE ■FINANCIAL INSTITUTIONS/FUNDING ■ COMMERCIAL REAL ESTATE ■ HOUSING REAL ESTATE ■ PUBLIC WORKS Commercial portfolio Coverage 3Q19-3Q20 (1) % 101.6 101.6 17.7 19.0 14.2 17.7 8.0 6.7 0.1 0.1 6.2 4.2 Real Property Mortgages Pledge Liquid Trust Collection Rights Personal Government Total 3Q19 3Q20 (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 Notes: Scotiabank HSBC NPLs Best-in-Class Asset Quality 3Q20 % NPLs Adjusted for Write-Offs (1) 2.62% citibanamex 2.61% Santander 2.09% Santander BBVA 5.71% 5.08% 4.77% BBVA 2.03% BBANORTE 4.24% citibanamex BANREGIO 1.21% 8B 0.87% BANBAJIO BBANORTE 1.92% HSBC Scotiabank® BANREGIO 2.30% 3.55% 4.51% 0.80% 8B 1.71% BANBAJIO 0% 1% 2% 3% 0% 1% 2% 3% 4% 5% 6% Source: Company information consolidated, CNBV (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 | % 2.50 5.00 2.30 4.50 4.64 4.73 2.10 2.24 4.53 2.18 4.00 1.90 2.05 3.50 1.70 1.50 3.00 1.30 2.50 1.05 1.10 0.97 0.87 2.00 1.67 1.71 0.90 1.32 1.50 0.70 0.50 1.00 3Q18 3Q19 3Q20 3Q18 3Q19 3Q20 ▼ Coverage Ratio | % Cost of Risk (1) | % * * 2018 | 0.57 2019 | 0.49 260.50 235.63 1.80 230.50 1.60 200.50 181.98 1.40 170.50 156.62 179.86 1.20 140.50 150.89 145.37 1.00 110.50 0.80 80.50 0.58 0.60 50.50 0.51 3Q18 3Q19 3Q20 0.40 3Q18 3Q19 3Q20 BanBajio System (1) Annualized quarter * Without adjustment in 2018, 2019 with an accounting principle effective January 2020, where recoveries are net of allowance for loans losses 1.78 11#12▸ Cost of Funding and Liquidity Funding Breakdown | Ps$ Bn COST OF FUNDING 5.64% COST OF FUNDING 226.5 1% 3.72% 198.6 20% 5.30% 20% (7.56% 3% Notes 5% 3.94% 40% 42% 6.61% 1.29% 2.49% 36% 33% 3Q19 3Q20 Interbank Loans (Primarily Development Bank Loans) Repos Time Deposits Demand Deposits ■ Cash and Investments Growth | Includes Repos Strong deposits growth, allowed us to increase total amount of liquid assets by Ps. 20,478 million, 42.8%. 12#13▸ Efficiency Ratio Efficiency Ratio for 3Q20 stood at 46.9% and 46.4% for 9M20, System 53.2%. Efficiency Ratio Evolution vs. Peers Operating Expenses/Total Revenues (1) | % Total Revenues and Expenses (1) Ps$ MM | Quarterly 52.0% $4,000 3,271 $3,500 49.3% 48.9% $3,000 46.9% $2,500 $2,000 1,535 43.5% 43.0% $1,500 $1,000 $500 3Q18 3Q19 ■BanBajio 3Q20 Peers Average (2) 3Q18 4Q18 1Q19 2Q19 1Q20 2Q20 3Q20 ⚫Revenues - Expenses Notes: Source: Company information (1) Total Revenues (excluding Loan Loss Provisions). (2) Peers Include: Banorte, Banregio, BBVA Bancomer, Citibanamex, HSBC, Santander and Scotiabank consolidated figures. 13#14▸ Solid corporate governance standards Non-Independent 38% Board of Directors Composition Total: 13 Members Independent 62% High Corporate Governance Standards ✓ Independent board members selected for their ample experience in banking, risks, economy and technology. ✓ Unique IT Board committee, not required by regulators, as testimony of BanBajio's commitment to technological advancement. ✓ Market standard variable compensation schemes for top management. ✓ Professional top management team, with no participation of relatives from controlling shareholders or board members. ✓ Loans to related parties authorized by BoD when required by size and granted at market terms. Source: Company information 14#15M 8 BANBAJIO cotiza en Bolsa Mexicana BBAJIO reuro y euro € A-9889 Supplemental Financial Information#16▸ Income Statement Var. Ps$ MM 3Q19 2Q20 3Q20 YOY QoQ Interest Income Interest Expense $5,943 $5,124 $4,692 -21.0% -8.4% ($2,804) ($2,239) ($2,061) -26.5% -7.9% Financial Margin $3,139 $2,885 $2,631 -16.2% -8.8% ■ Net Fees & Commissions $456 $443 $480 5.3% 8.4% ☐ Trading Income $155 $60 $148 -4.5% 146.7% ■ Other Operating Income / (Expense) * ($2) $22 $12 -700.0% -45.5% Non Interest Income $609 $525 $640 5.1% 21.9% Total Revenues $3,748 $3,410 $3,271 -12.7% -4.1% Allowance for Loan Losses* ($227) ($963) ($835) 267.8% -13.3% Operating Expenses ($1,631) ($1,591) ($1,535) -5.9% -3.5% Equity in income of unconsolidated $1 $9 -100.0% -100.0% subsidiaries Income Before Taxes $1,891 $865 $901 -52.4% 4.2% Taxes ($502) ($160) ($142) -71.7% -11.3% Net Income $1,389 $705 $759 -45.4% 7.7% Effective Tax Rate 26.5% 18.5% 15.8% * Adjustment in 3Q19 in accordance with an accounting principle effective January 2020, where recoveries are net of allowance for loans losses 16#17‣ Income Statement Var. Ps$ MM 9M 19 9M 20 YOY ■ Interest Income $17,346 $15,248 -12.1% Interest Expense ($8,062) ($6,641) -17.6% Net Interest Income $9,284 $8,607 -7.3% Net Fees & Commissions $1,286 $1,380 7.3% Trading Income $374 $270 -27.8% ■ Other Operating Income (Expense) * $12 $50 316.7% Non Interest Income $1,672 $1,700 1.7% Total Revenues $10,956 $10,307 -5.9% ☐ Allowance for Loan Losses* ($469) ($2,108) 349.5% Operating Expenses ($4,793) ($4,786) -0.1% Equity in income of unconsolidated $10 subsidiaries Income Before Tax $5,694 $3,423 -39.9% ▪ Tax ($1,483) ($721) -51.4% Net Income $4,211 $2,702 -35.8% Effective Tax Rate 26.0% 21.1% * Adjustment in 9M19 in accordance with an accounting principle effective January 2020, where recoveries are net of allowance for loans losses 17#18▸ Balance Sheet Var. Ps$ MM 3Q19 2Q20 3Q20 YoY QoQ Cash & Cash Equivalents $26,120 $27,184 $31,619 21.1% 16.3% Investment in Securities $10,695 $11,168 $11,639 8.8% 4.2% ■ Cash & Investments $36,815 $38,352 $43,258 17.5% 12.8% Performing Loan Portfolio $176,990 $182,386 $189,528 7.1% 3.9% Non-performing Loan Portfolio $1,729 $1,890 $1,667 -3.6% -11.8% ■ Gross Loan Portfolio $178,719 $184,276 $191,195 7.0% 3.8% Loan Loss Provisions ($2,708) ($3,501) ($3,928) 45.1% 12.2% Net Loan Portfolio Repos $176,011 $180,775 $187,267 6.4% 3.6% $10,502 $23,003 $22,553 114.7% -2.0% ■ Other Assets $17,669 $17,113 $16,443 -6.9% -3.9% Total Assets $240,997 $259,243 $269,521 11.8% 4.0% Demand Deposits $66,579 $69,266 $79,765 19.8% 15.2% ■ Time Deposits $84,230 $91,406 $91,098 8.2% -0.3% ■ Notes $3,009 $3,011 0.1% Total Deposits $150,809 $163,681 $173,874 15.3% 6.2% ▪ Repos $9,060 $6,233 $7,020 -22.5% 12.6% Funding Including Repos $159,869 $169,914 $180,894 13.2% 6.5% * Interbank Loans $38,776 $46,432 $45,648 17.7% -1.7% ■ Other Liabilities $11,977 $9,668 $8,912 -25.6% -7.8% Total Liabilities $210,622 $226,014 $235,454 11.8% 4.2% Shareholder's Equity $30,375 $33,229 $34,067 12.2% 2.5% * Mostly development banks. 18