Investor Presentaiton

... to sustainable shareholder value Delivered recurring ROTE¹ of >10% in 2022 NII significantly improved with low contribution from legacy Recurring ROTE¹ <0% <0% 5.5% 11.3% FY2014 FY2020 FY2021 FY2022 Strong non-NII covering >95% of total operating expenses² 96% 82% 70% 49% Non-NII to total operating expenses² FY2014 FY2020 FY2021 FY2022 1) Calculated as Profit after Tax and before non-recurring items divided by Shareholders' equity minus Intangible assets Excluding special levy on deposits and other levies/contributions 323 2) 3) Full time employess Legacy Performing € mn 686 370 330 411 33 296 77 53 337 91% 40% 275 253 243 FY2016 FY2020 FY2021 Achieved a lean operating model FY2022 FTES3 of Bank 6,726 Branches 3,573 3,438 2,889 259 84 60% 80 60% 60 49% -11 p.p. 35% 2 C/I ratio FY2014 FY2020 FY2021 FY2022 6

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