Banco Itaú (ITAUCL) Investor presentation summary

Strategic management and operational model

• Management model aligns vision, objectives, and incentives through over 300 OKRs/KPIs tied to strategic levers, focusing on client satisfaction, growth, efficiency, and key capabilities like IT and talent.

• Emphasis on customer relationship, product-market fit, operational efficiency, and digital transformation to drive growth and competitiveness.

Financial performance and growth

• Achieved fastest AUM growth in the industry YTD (+31.7%) and LTM (+77.6%), with significant market share gains and top rankings in fund performance.

• Corporate and investment banking executed major M&A and capital market deals, ranking among top advisors and coordinators in Chile.

• Maintained top 3 ROTE in Chile, with steady growth in client deposits and diversified income streams from non-credit products and services.

• Recurring net income for 2Q24 was Ch$99.4 billion, down 32.8% YoY, with recurring ROTE at 11.9% consolidated and 15.2% in Chile.

Efficiency, risk, and capital

• Efficiency ratio remained better than industry average, with non-interest expenses growing below inflation and a focus on cost control.

• Cost of credit risk remained stable at 1.4%, with strong coverage ratios and NPLs managed in line with the market cycle.

• CET1 capital ratio at 10.9%, in line with peers, and liquidity ratios (LCR 256%, NSFR 178.7%) significantly above regulatory limits.