BNP Paribas (OTCQX:BNPQF) Q4 2020 Earnings Conference Call February 5, 2021 8:00 AM ET Company Participants Jean-Laurent Bonnafé – Chief Executive Officer Lars Machenil – Group Chief Financial Officer Philippe Bordenave – Chief Operating Officer | --- | |-------------------------------------------------| | | | | | Conference Call Participants | | Delphine Lee – JPMorgan | | Jon Peace – Credit Suisse | | Lorraine Quoirez – UBS | | Omar Fall – Barclays | | Giulia Miotto – Morgan Stanley | | Matthew Clark – Me ...

BNP Paribas SA (OTCQX:BNPQF) Q3 2020 Earnings Conference Call November 3, 2020 7:50 AM ET Company Participants Lars Machenil - Group Chief Financial Officer Conference Call Participants Jacques-Henri Gaulard - Kepler Cheuvreux Jean-François Neuez - Goldman Sachs Tarik El Mejjad - Bank of America Delphine Lee - JPMorgan Matthew Clark - Mediobanca Lorraine Quoirez - UBS Anke Reingen - RBC Jon Peace - Credit Suisse Omar Fall - Barclays Azzurra Guelfi - Citigroup Stefan Stalmann - Autonomous Research Disclaimer ...

THIRD QUARTER 2020 RESULTS 3 November 2020 The bank for a changing world Disclaimer The figures included in this presentation are unaudited. This presentation includes forward-looking statements based on current beliefs and expectations about future events. Forward-looking statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future events, operations, products and services, and statements regarding fu ...

Financial Data and Key Indicators Changes - Group revenues increased by 4% year-on-year, reaching €11.7 billion [9] - Net income for the second quarter was €2.3 billion, down 6.8% year-on-year [11] - Common equity Tier 1 ratio stood at 12.4%, confirming the strength of the balance sheet [11][23] - Cost of risk rose to 65 basis points, with €329 million in ex-ante provisioning for expected losses [10][17] Business Line Data and Key Indicators Changes - Domestic markets saw a revenue decline of 5.2% year-on-year, impacted by lockdown measures [30] - Corporate and institutional banking revenues surged by 33%, driven by high activity levels [15][68] - International Financial Services revenues decreased by 5.5% year-on-year, with a notable drop in personal finance [47][49] - Specialized businesses showed strong recovery, with Arval's financed fleet up 7.2% year-on-year [40] Market Data and Key Indicators Changes - BNP Paribas participated in 70% of syndicated loans and 53% of bond issues in Europe, Middle East, and Africa [8] - The group granted close to 90,000 state-guaranteed loans by June 30 [8] - Outstanding loans in international retail networks increased year-on-year, with a rebound in new loan production in May and June [44] Company Strategy and Development Direction - The company aims to enhance its digital platforms and reduce reliance on physical branches, accelerating cost reductions [88] - BNP Paribas is committed to withdrawing from thermal coal financing by 2030 in the EU and OECD, and by 2040 elsewhere [26][27] - The diversified and integrated banking model has proven effective in supporting clients during the health crisis [5][77] Management's Comments on Operating Environment and Future Outlook - Management noted a rebound in economic activity in June, returning to pre-crisis levels in many areas [4][12] - The outlook for 2020 remains unchanged, with net income expected to be 15% to 20% lower compared to the previous year [79] - Management expressed confidence in the recovery of domestic markets and the impact of new lending activities [95] Other Important Information - The group raised over €250 billion in financing during the first half of 2020, with significant contributions to government support measures [7] - The net book value per share increased to €81, reflecting continued value creation [24] Q&A Session Summary Question: Cost base and future expectations - Management acknowledged the acceleration of cost reductions across various divisions, emphasizing a shift towards digital interactions [88][90] Question: Net interest margins in domestic markets - Management indicated that the drop in net interest income is temporary, with expectations for recovery as activities return to normal [93][95] Question: Dividend policy for 2021 - Management confirmed compliance with ECB recommendations on dividends, anticipating a return to a 50% payout ratio once restrictions are lifted [96][98] Question: CET1 ratio and moratoria volumes - Management clarified that the CET1 ratio includes a small impact from transitional arrangements and confirmed moratoria volumes at €54 billion [105][106] Question: Provisions and cost of risk guidance - Management expects the cost of risk in the second half to be lower than the first half, barring any significant changes in the economic environment [121][124] Question: Fixed income revenue expectations - Management anticipates a tapering off of fixed income revenues in the second half, but remains optimistic about maintaining market share [122][123]

SECOND QUARTER 2020 RESULTS 31st July 2020 The bank for a changing world Disclaimer | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

BNP Paribas SA (OTCQX:BNPQF) Q1 2020 Earnings Conference Call May 4, 2020 10:00 AM ET Company Participants Jean-Laurent Bonnafé - Chief Executive Officer Lars Machenil - Chief Financial Officer Philippe Bordenave - Chief Operating Officer and Member of the Executive Board Conference Call Participants Good afternoon, ladies and gentlemen and welcome to the presentation of BNP Paribas First Quarter 2020 Results. For your information this conference call is being recorded. Reporting slides are available on BNP ...

FIRST QUARTER 2020 RESULTS 5 May 2020 The bank for a changing world Disclaimer | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...