1Q24 RESULTS

30 APRIL 2024

Disclaimer

The purpose of this presentation is purely informative and should not be considered as a service or offer of any financial product, service or advice, nor should it be interpreted as, an offer to sell or exchange or acquire, or an invitation for offers to buy securities issued by CaixaBank, S.A. ("CaixaBank") or any of the companies mentioned herein. The information contained herein is subject to, and must be read in conjunction with, all other publicly available information. Any person at any time acquiring securities must do so only on the basis of such person's own judgment as to the merits or the suitability of the securities for its purpose and only on such information as is contained in such public information set out in the relevant documentation filed by the issuer in the context of such specific offer or issue and after taking any professional or any other advice as it deems necessary or appropriate under the relevant circumstances and not in reliance on the information contained in this presentation.

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In relation to Alternative Performance Measures (APMs) as defined in the guidelines on Alternative Performance Measures issued by the European Securities and Markets Authority on 5 October 2015 (ESMA/2015/1415), this presentation uses certain APMs, which have not been audited, for a better understanding of the company's financial performance. These measures are considered additional disclosures and in no case replace the financial information prepared under the International Financial Reporting Standards (IFRS). Moreover, the way the Group defines and calculates these measures may differ to the way similar measures are calculated by other companies. Accordingly, they may not be comparable. Please refer to the Glossary section of the relevant CaixaBank's Business Activity and Results Report for a list of the APMs used along with the relevant reconciliation between certain indicators. Since 1 January 2023, the Group applies IFRS 17 "Insurance Contracts" and IFRS 9 "Financial Instruments" to the assets and liabilities assigned to the insurance business. The Group has also taken into consideration the requirements of IFRS 9, an accounting standard that has already been applied to the banking business for the registration and measurement of its financial assets and liabilities.

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Presentation prepared with Group data at closing of 31 March 2024, unless otherwise noted.

2

1Q24 Highlights

3

1 Q 2 4 H I G H L I G H T S

A strong start to the year

Positive activity dynamics

in a quarter affected by seasonality

High-quality net income growth yoy

in a seasonal quarter with banking tax fully booked in Q1

NEW LOANS TO THE PRIVATE SECTOR(1)

+3.5 % yoy

+11.6 % qoq

WEALTH MGMT. (customer funds)(2)

+4.4 % ytd

1Q24 Net inflows(3): €3.4 Bn

NET INCOME

€1,005 M

+17.5 % yoy ⎟ -13.1 % qoq

NII

WEALTH +

PROTECTION REV.(4)

+27.4% yoy +12.0% yoy

+1.2% qoq

+1.1% qoq adj.(5)

Asset quality remains under control

and evolving as expected

Capital strength supports high distribution

ordinary and extraordinary

% NPL

2.8 %

71% NPL coverage

% CoR ttm

0.29 %

1Q24 annualised: 0.28%

% CET1

12.3 %

Max. amount of ongoing 3rd SBB deducted in full

DISTRIBUTION SINCE YE21(6)

€7.4 Bn

∼€4.6 Bn pending to reach ∼€12 Bn 2022-24e target

RoTE up to 15.8% (+5.3 pp yoy) with upgraded outlook

FY24e NII: mid-single digit growth yoy

FY24e % RoTE >16%

  1. New production of residential mortgages, consumer and business lending. (2) Mutual funds, managed portfolios and SICAVs; pension plans; and life-savings insurance (on-balance sheet, including unit

linked, and off-balance sheet). (3) Ex markets. (4) Wealth includes revenues from AuMs and savings insurance; protection includes revenues from life-risk insurance and insurance distribution fees. (5) Adjusted

4

for seasonal effects (day-count and 4Q success fees in Wealth management). (6) FY22 and FY23 dividends plus 1st, 2nd and 3rd SBB.

1 Q 2 4 H I G H L I G H T S

The Spanish economy continues to surprise on the upside

Q1 activity indicators support improved GDP outlook

2024e-25e GDP growth in Spain revised upwards

» PMIs indicate improved

60

55.3

Spain Real GDP(1)(2) rebased to 100=FY23

105 Previous projection

Current projection

103

2024e: 1.9% y o y vs. 1.4% before

2025e: 2.2% y o y vs. 2.0% before

activity outlook

55

Spain

Composite PMI, monthly index(3)

50

50.3

45

Eurozone

40

Sep-22

Jan-23

May-23

Sep-23

Jan-24

100

2023 2024e 2025e

  • Employment supports consumption

Workers registered to the

Social Security system

21

21.0 M

20

+2.7% yoy

19

Both Spain and Portugal expected to outperform

the Eurozone − Real GDP(2), % yoy

in Spain (4), quarterly avg. seasonally adj. in million

18

1Q19

1Q20

1Q21

1Q22

1Q23

1Q24

1.9% 1.6%

0.7%

Eurozone Spain Portugal

2024e

2.2% 2.3%

1.7%

Eurozone Spain Portugal

2025e

  • Tourism bound for another record year following a strong 2023

International tourist expenditure in Spain (5), ttm in €Bn

120

€112 Bn

80

+23% yoy

40

0

Feb-19

Feb-20Feb-21Feb-22Feb-23Feb-24

(1) Source: historical data from INE. (2) Source: CaixaBank Research for projections (as of April 2024). (3) Source: S&P Global. Latest available information: March 2024. (4) Source: Spanish Ministry of Inclusion, Social Security and Migration.

5

(5) Source: INE. Tourism Expenditure Survey. Latest available information: February 2024.

1 Q 2 4 H I G H L I G H T S

New lending gathers steam particularly in mortgage and consumer lending

POSITIVE NEW LENDING DYNAMICS

New lending, €Bn (Group ex BPI)

+11.6%

16.4

15.8

14.7

1Q23

4Q23

1Q24

+3.5%

LOAN FRONT

480 bps +32 bps vs. 1Q23

BOOK YIELDS ( 1 )

ACCRETIVE TO BACK BOOK

+24.1%

2.7

2.8

∼60%

at fixed

New residential

2.1

2.2

+3.2%

rate(2)

mortgages

1Q22

1Q23

4Q23

1Q24

+15.0%

∼90%

3.0

2.5

2.6

2.7

to clients with

New consumer

source of

+12.5%

lending

income paid

into CABK(3)

1Q22

1Q23

4Q23

1Q24

-3.5%

∼60%

10.9

10.5

9.0

9.3

to large

companies

New business

+13.8%

lending(4)

1Q22

1Q23

4Q23

1Q24

  1. Group ex BPI. Yields are compiled from long-term lending production data (loans and credit facilities, including those that are syndicated) of CaixaBank,S.A. and MicroBank; excluding public sector. (2) Breakdown of 1Q24 new mortgage

production: 58% at fixed rate, 34% hybrid (which have a fixed interest rate for a period of time and floating afterwards); 8% floating. (3) % over personal loans by CaixaBank. (4) Includes Business Banking, RE business, Corporate Banking in Spain and

6

International Branches. Includes loans, syndicate loans and credit facilities (excluding factoring and confirming).

1 Q 2 4 H I G H L I G H T S

Stable loan-book while seizing market share

Supported by new lending rebound and lower pre-payments

Performing loans(1), 31 March 2024

€344 Bn +0.1% ytd

M A R K E T S H A R E G A I N S

Market share in Spain, %

BUSINESS

CONSUMER

RESIDENTIAL

o/w:

LENDING

LENDING

MORTGAGES

Business

23.5%

+1.1% ytd

-0.7%ytd

+2.0% ytd

loans(2)

+5 bps ytd

GROWTH IN BUSINESS AND CONSUMER LENDING

OFFSETS STRUCTURAL DELEVERAGING IN MORTGAGES AND PUBLIC SECTOR

Performing loans waterfall ytd, € Bn

+0.1%

+1.7

+0.4

(0.9)

(0.8)

Consumer

Mortgages

Others(3)

344.4

344.1

Businesses

Mortgage deleveraging slows down

Performing mortgages, Δ qoq in € Bn

Mar-23

Dec-23

Mar-24

-0.9

-1.5

-1.9

Dec-23

Mar-24

(1) Refer to the Appendix for additional details. (2) Loans to non-financial businesses. Based on the latest Bank of Spain data (March 2024). (3) Includes "Public sector" and "Other loans to individuals-other".

7

1 Q 2 4 H I G H L I G H T S

Customer funds up in the quarter

Solid growth in wealth management largely offsets adverse seasonality in deposits and others

Customer funds(1), 31 March 2024

€636 Bn +1.0% ytd

o/w:

WEALTH

MANAGEMENT(2)

+4.4% ytd

DEPOSITS &

OTHERS(3)

-1.0%ytd

M A R K E T S H A R E G A I N S

Market share in Spain, %

Market share in Wealth management + Deposits(4)

26.3%

+5 bps ytd

CUSTOMER FUNDS GROWTH UNDERPINNED BY WEALTH MANAGEMENT

MORE THAN OFFSETTING SEASONAL IMPACTS IN DEPOSITS AND OTHER FUND S

Customer funds waterfall ytd, € Bn

+1.0%

Growth in % deposits with cost slows down

Remunerated deposits over total ( 6 ) , % eop

+ 4 p p

+ 1 p p

+3.4

+6.8

Market effects

630.3

Net inflows

(wealth

into wealth

mgmt.)

mgmt. (ex

markets)

(2.5) (1.6)

Deposits Others(5)636.5

+ 4 p p

20%

21%

+ 3 p p

16%

12%

9%

Mar-23

Jun-23

Sep-23

Dec-23

Mar-24

Dec-23

Mar-24

COMMERCIAL

€27.5 Bn

GAP(7)

+49% yoy

  1. Refer to the Appendix for additional details. (2) Mutual funds, managed portfolios and SICAVs; pension plans; and life-savings insurance (on-balance sheet, including unit linked, and off-balance sheet). (3) Deposits (including retail securities issuances), "Other funds" and "Other managed resources". (4) Combined market share including mutual funds (CaixaBank AM), pension plans, savings insurance and deposits from households and non-financial businesses. Based on INVERCO, ICEA and Bank of Spain

data. Latest available data (March 2024). For savings insurance, sector data for March are internal estimates. (5) Includes "Other funds" and "Other managed resources", the latest affected by seasonal items. (6) % of remunerated client deposits (excluding

8

employee deposits, retail securities and other) over total deposit balances (Group). (7) Total deposits (demand and time deposits, excluding retail securities) minus loans.

1 Q 2 4 H I G H L I G H T S

Wealth management starts 2024 on a strong note

Strong growth in wealth management balances in Q1 with support from both markets and net inflows

Wealth management (customer funds)(1), €Bn eop

246

+9.1%

236

226

225

229

229

217

215

217

+4.4%

1Q22

2Q22

3Q22

4Q22

1Q23

2Q23

3Q23

4Q23

1Q24

1 Q 2 4 N E T I N F L O W S I N T O W E A L T H M A N A G E M E N T ( 1 )

Breakdown by type of product, % of total

  • 35%

Savings insurance(2)

€3.4 Bn

∼65%

Off-Balance sheet AuMs

Seizing potential

Untapped potential within our client base…

% of clients with wealth management products(3)

…and in our core markets

Wealth mgmt. products in % of total household savings(6)

Leveraging on a differential advisory model and fully-owned factories

26.8%

20.9%

17.9%

17% 28%

Best Domestic Private Bank in Spain

39% and Portugal 2024 − Euromoney

Mar-21

Dec-23

Dec-23

Clients from former BKIA(4)

Other CABK clients(5)

Portugal Spain Eurozone

  1. Mutual funds, managed portfolios and SICAVs; pension plans; and life-savings insurance (on-balance sheet, including unit linked, and off-balance sheet). (2) Includes unit linked. (3) Individual clients in Spain, by origin. Including mutual funds,

pension plans, savings insurance and securities. (4) Excluding clients shared by former Bankia network and CABK. (5) CABK clients as of March 2021 (merger date), including those shared with former Bankia. (6) Latest available data (4Q23). Source:

9

Eurostat, Bank of Spain and Bank of Portugal.

1 Q 2 4 H I G H L I G H T S

Positive dynamics in protection insurance on the back of MyBox

Sustained growth in protection premia

Stock of protection premia(1) , €M

+8.7%

809880

underpinned by successful deployment of MyBox offering

N E W P R O D U C T I O N O F P R O T E C T I O N I N S U R A N C E P R E M I A ( 2 )

1Q24 ttm: breakdown of new premiaby type of product in % of total

44% Life-risk

56%

Non-life

17%

HEALTH

AUTO

15%

HOME

15%

OTHER

9%

Seizing potential

Mar-23Mar-24

Seizing potential within our client base

% of clients with non-life insurance products(3)

MyBox in % of new premia, 1Q24 ttm

…and in our core markets

Non-life insurance premia in % of GDP(6)

82% MyBox

Market share gains(7)

Leveraging on a best-in-class distribution network and

20.2%

14.8%

10.8%

2.2%

3.7%

2.8%

LIFE-RISK 26.0% +282 bps yoy

fully-owned factories

Mar-21

Dec-23

Dec-23

Clients from former BKIA(4)

Other CABK clients(5)

Portugal Spain Eurozone

HEALTH 30.7% +175 bps yoy

  1. Earned premia ytd. Includes VidaCaixa life-risk premia plus SegurCaixa Adeslas non-life premia sold through the bancassurance network. (2) All insurance products (including single premium with multiannual tenor) are presented on an annual basis to facilitate comparisons across all product lines. Including life-risk and non-life. CABK ex BPI and considering premia sold through the bancassurance channel. (3) Individual clients in Spain, by origin. Including home, health, dental, auto

insurance and other non-life insurance for self-employed.(4) Excluding clients shared by former Bankia network and CABK. (5) CABK clients as of March 2021 (merger date), including those shared with former Bankia. Based on ICEA data. (6) Source:

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OECD, latest available data (2022). (7) In Spain. Based on ICEA latest available data (December 2023).

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CaixaBank SA published this content on 30 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2024 09:57:05 UTC.