Banco Santander Chile 3Q20 Results October 30, 2020 Important information Banco Santander Chile caution that this presentation contains forward looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995. These forward looking statements are found in various places throughout this presentation and include, without limitation, statements concerning our future business development and economic performance. While these forward looking statements represent our judgment and f ...

Financial Data and Key Metrics Changes - The bank's net income in Q2 decreased by 41% quarter-on-quarter and 50.4% year-on-year, totaling CLP 84,859 million, with an adjusted net income of CLP 106,759 million after a voluntary provision of CLP 30 billion [24][51]. - Total gross income increased by 7.1% compared to Q1 and 6.7% compared to Q2 2019, demonstrating the bank's ability to generate solid income during the pandemic [25]. - The efficiency ratio improved to 38.9% in the quarter, indicating strong operational control [36]. Business Line Data and Key Metrics Changes - Total loans increased by 13.5% year-on-year and 2.7% quarter-on-quarter, driven by working capital lines to corporate and middle market, as well as FOGAPE guaranteed loans to SMEs [20]. - Demand deposits saw a significant growth of 39.3% year-on-year, contributing to a favorable funding mix [19]. - Lending to individuals continued to decline, particularly in consumer lending, as clients became more restrictive in their consumption behavior [20]. Market Data and Key Metrics Changes - The official unemployment rate rose to 11.2% in the quarter ending in May, with employment falling more than 15% year-on-year [5]. - The Central Bank maintained its policy rate at 0.5%, signaling it will remain at this level for at least two years [5]. - The balance of trade improved due to resilient external demand for Chile, supported by high copper prices [6]. Company Strategy and Development Direction - The bank is continuing its investment plan of $380 million for 2019-2021 in technology, branch upgrades, and new products, with a focus on digital onboarding for SMEs [39]. - A new branch transformation project will start in the second half of the year, emphasizing digital capabilities and efficiency [48]. - The bank's strategy includes launching digital products like Superdigital and Klare, aimed at expanding its customer base and enhancing service delivery [42][40]. Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the gradual reopening of the economy as COVID-19 cases decline, while acknowledging the ongoing uncertainty [3][50]. - The bank is well-prepared to confront the challenges posed by the pandemic and is optimistic about 2021 [52]. - Management highlighted that asset quality has remained better than expected, aided by government support and reduced consumer spending during lockdowns [62]. Other Important Information - The bank's capital ratio finished the quarter at 10%, with a total BIS ratio of 14.6% [23]. - The bank has disbursed over CLP 1.5 trillion in FOGAPE guaranteed loans, representing around 8% of the commercial loan book [22]. - The bank's digital client base grew by 20.7% year-on-year, reflecting the success of its digital initiatives [38]. Q&A Session Summary Question: Preventive provisions and asset quality - Management confirmed that an additional CLP 30 billion in voluntary provisions will be recognized in July, providing a cushion for potential credit quality impacts [56][57]. Question: Net interest margin (NIM) impacts - NIM decreased from 4.2% in Q1 to 3.8% in Q2, attributed to lower inflation and a shift in asset mix towards less risky assets [59]. Question: Pension fund withdrawals implications - Management expects upward pressure on inflation due to increased consumption from pension fund withdrawals, which will provide short-term liquidity support [60][61]. Question: Collection of interest on loans - Interest collection is affected by payment holidays, particularly in the mortgage portfolio, but management expects normalization in collections soon [70][72]. Question: Branch transformation vs. expansion - The focus will shift towards transforming existing branches rather than expanding the network in the near future due to the ongoing crisis [73]. Question: FOGAPE loans and margins - FOGAPE loans have lower spreads compared to typical SME loans, but they are expected to provide stability in credit costs due to government guarantees [85].

Banco Santander-Chile (NYSE:BSAC) Q1 2020 Earnings Conference Call April 29, 2020 11:00 AM ET Company Participants Emiliano Muratore - CFO Claudio Soto - Chief Economist Robert Heimlich - Manager, IR Conference Call Participants Ernesto Gabilondo - Bank of America Merrill Lynch Jason Mollin - Scotiabank Daer Labarta - Goldman Sachs Group Ricardo Garcia - Crédit Suisse Sebastián Gallego - CrediCorp Capital Yuri Fernandes - JPMorgan Chase & Co. Piedad Alessandri - CrediCorp Jorg Friedemann - Citigroup Operato ...

Financial Performance - Net income attributable to equity holders of the Bank increased by 148% YoY, reaching Ch$144,014 million in 1Q20 [6, 7] - ROAE reached 168% in 1Q20, compared to 153% in 1Q19 [6, 7] - Net Interest Income (NII) increased 203% YoY, totaling Ch$388,299 million in 1Q20 [6, 29] - Efficiency ratio improved to 406% in 1Q20, compared to 425% in 1Q19 [6, 39, 40] Loan Portfolio and Asset Quality - Total loans increased 123% YoY, reaching Ch$34,355,159 million, driven by commercial loans from the Middle-market and CIB segments [6, 18, 47] - Non-interest bearing demand deposits increased 296% YoY [23] - NPL ratio remained stable at 20% in 1Q20, similar to 1Q19 [6, 22, 40] - Coverage of NPLs ratio increased to 1335% in 1Q20, compared to 1274% in 1Q19 [6, 22, 40] Capital Adequacy and Dividends - Shareholders' equity totaled Ch$3,494,433 million as of March 31, 2020, growing 52% YoY [6, 27, 59] - Core capital ratio was 97% and the total BIS ratio was 127% as of March 2020 [6, 27, 62] - The Bank proposed a dividend payout of 30% of 2019 net income [28, 60]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . OR Commission file number: 1-14554 BANCO SANTANDER-CHILE ( ...

Banco Santander-Chile (NYSE:BSAC) Q4 2019 Results Conference Call January 29, 2019 10:00 AM ET Company Participants Emiliano Muratore - CFO Robert Moreno - Managing Director of Investor Relations Claudio Soto - Chief Economist Conference Call Participants Ernesto Gabilondo - Bank of America Jason Mollin - Scotiabank Thiago Batista - UBS Tito Labarta - Goldman Sachs Neha Agarwala - HSBC Sebastián Gallego - CrediCorp Jorg Friedemann - Citibank Tibad Alessandri - CrediCorp Yuri Fernandes - JP Morgan Operator L ...

Banco Santander Chile 4Q19 & 12M19 Results 1 1 January 29, 2020 Important information Banco Santander Chile caution that this presentation contains forward looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995. These forward looking statements are found in various places throughout this presentation and include, without limitation, statements concerning our future business development and economic performance. While these forward looking statements represent our ju ...

Banco Santander Chile 3Q19 Results 1 1 October 30, 2019 Important information Banco Santander Chile caution that this presentation contains forward looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995. These forward looking statements are found in various places throughout this presentation and include, without limitation, statements concerning our future business development and economic performance. While these forward looking statements represent our judgment a ...

Banco Santander-Chile (NYSE:BSAC) Q3 2019 Earnings Conference Call October 30, 2019 10:00 AM ET Company Participants Emiliano Muratore - CFO Claudio Soto - Chief Economist Robert Moreno - Manager, IR Conference Call Participants Jorg Friedemann - Citigroup Ernesto Gabilondo - Bank of America Merrill Lynch Gabriel Nóbrega - Citigroup Neha Agarwala - HSBC Yuri Fernandes - JP Morgan Operator Ladies and gentlemen, thank you for standing by, and welcome to the Q3 2019 Banco Santander-Chile Earnings Conference Ca ...

Banco Santander-Chile (NYSE:BSAC) Q2 2019 Earnings Conference Call July 29, 2019 11:00 AM ET Company Participants Emiliano Muratore - CFO Claudio Soto - Chief Economist Robert Moreno - Manager, IR Conference Call Participants Jorg Friedemann - Citigroup Jason Mollin - Scotiabank Sebastián Gallego - CrediCorp Capital Neha Agarwala - HSBC Michael Brcic - National Securities Corporation Alonso Garcia - Crédit Suisse Operator Good day, ladies and gentlemen, and welcome to the Q2 2019 Banco Santander-Chile Earni ...