PitchSend

Investor Presentaiton

KBC NET RESULT in m EUR Belgium BU (1) | Net result & NII 603 528 564 486 525 444 380 227 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 NET INTEREST INCOME in m EUR 812 626 637 629 641 635 677 702 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 NET INTEREST MARGIN in % 1.63% 1.63% 1.61% 1.60% 1.57% 1.59% 1.62% 1.95% 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 Organic volume trend Total loans** o/w retail mortgages Customer deposits** Volume 117bn EUR 44bn EUR 145bn EUR Growth q-o-q* Growth y-o-y 0% +8% +1% +7% +3% +11% 25 of 74 ■ Net result of 525m EUR in 4Q22 The quarter was characterised by higher net interest income, higher net fee and commission income, higher net result from financial instruments at fair value, higher net other income, lower sales of non-life insurance and higher sales of life insurance products, higher operating expenses and higher net impairment charges Customer deposits excluding debt certificates and repos rose by 11% y-o-y, while customer loans rose by 8% y-o-y ■ Net interest income +16% q-o-q, driven mainly by higher reinvestment yields thanks to increasing interest rates, deposit volume growth, lower funding costs and higher NII on insurance bond portfolio (due mainly to inflation-linked bonds) partly offset by margin pressure on the outstanding loan portfolio in all segments +27% y-o-y for the same reasons mentioned above including good loan volume growth and despite no charging of negative interest rates on current accounts held by corporate entities and SMEs and no positive tiering effect anymore (which was the case in 4Q21) ■ Net interest margin Increased by 33 bps q-o-q and by 35 bps y-o-y for the reasons mentioned above, despite an increase in the interest-bearing assets (denominator), both q-o-q and y-o-y * Non-annualised ** Loans to customers, excluding reverse repos (and bonds). Growth figures are excluding FX, consolidation adjustments and reclassifications. *** Customer deposits, excluding debt certificates and repos. Excluding the volatility in the foreign branches of KBC Bank (included in BE BU), customer deposits rose slightly q-o-q and 6% y-o-y Highlights Profit & Loss Capital & Liquidity Looking forward BU & FY22 view Company profile KBC Strategy Sustainability Asset quality MREL & Funding

View entire presentation