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Investor Presentaiton

GROUP RESULTS In EURM Net banking income Q422 Q421 Change 2022 2021 Change 6,885 6,620 +4.0% +6.2%* 28,059 25,798 +8.8% +9.7%* Underlying net banking income (¹) 6,885 6,503 +5.9% +8.1%* 28,059 25,681 +9.3% +10.2%* Operating expenses (4,610) (4,565) +1.0% +3.3%* (18,630) (17,590) +5.9% +7.5%* Underlying operating expenses (1) (4,718) (4,617) +2.2% +4.5%* (17,991) (17,211) +4.5% +6.1%* Gross operating income 2,275 2,055 +10.7% +12.5%* 9,429 8,208 +14.9% +14.4%* Underlying gross operating income (1) 2,167 1,886 +14.9% +16.9%* 10,068 8,470 +18.9% +18.4%* Net cost of risk (413) (86) x4.8 X6.3* (1,647) (700) x2.4 +93.0%* Operating income 1,862 1,969 -5.4% -4.7%* 7,782 7,508 +3.6% +5.3%* Underlying operating income (1) 1,754 1,800 -2.6% -1.7%* 8,421 7,770 +8.4% +10.1%* Net profits or losses from other assets (4) 449 n/s n/s (3,290) 635 n/s n/s Income tax (484) (311) +55.5% +55.5%* (1,560) (1,697) -8.1% -5.8%* Net income 1,381 1,995 -30.8% -30.2%* 2,947 6,338 -53.5% -53.2%* O.w. non-controlling interests 221 208 +6.3% +7.6%* 929 697 +33.3% +32.3%* Reported Group net income 1,160 1,787 -35.1% -34.5%* 2,018 5,641 -64.2% -64.0%* Underlying Group net income (¹) 1,126 1,226 -8.1% -7.2%* 5,616 5,264 +6.7% +7.9%* ROE 6.9% 12.1% 2.6% 9.6% ROTE 7.8% 16.6% 2.9% 11.7% Underlying ROTE (1) 7.6% 9.2% 9.6% 10.2% (1) Underlying data: adjusted for exceptional items and IFRIC 21 linearisation (see Supplement) *when adjusted for changes in Group structure and at constant exchange rates SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 15
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