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Mmb Scf Covered Bond Programme July 2019 MMB SCF COVERED BOND PROGRAMME Investor Presentation Disclaimer IMPORTANT NOTICE – PLEASE READ This document (the “Presentation”) has been prepared by My Money Bank (“MMB”) for information purposes as a basis for discussion only and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. For the avoidance of doubt, it being specified that MMB shall not incur any liability or responsibility in connection with this document. This document should not be relied on as an undertaking, promise, warranty or representation as to the future provision of services or products, or as an offer, solicitation or recommendation for the purchase or sale of securities or any other financial product described herein. It is not intended to create any rights of a legally binding or enforceable nature between MMB and the recipient in respect of the provision of services or products. It does not purport to be a comprehensive review of any prospective investors’ investment objectives, financial situation or particular needs. MMB does not owe any fiduciary duty and this document and the information it contains shall not be construed as financial, legal, regulatory, tax or accounting advice. You should also make your own evaluation of the document, the information herein contained and the investment. You should consult with your advisors concerning these matters before undertaking the proposed subscription and obtain independent professional advice from appropriate professional advisors if you deem it appropriate before undertaking any action. Under no circumstance shall MMB or any of its directors, officers, employees be responsible or liable, directly or indirectly, to any person or entity for any direct or consequential damage, loss, cost, charge, expense or other liability whatsoever, in whole or in part, resulting from, caused or alleged to be caused by or in connection with the use of or reliance on the information and the contents in this document and/or any omission, condition or other circumstances within or outside the control of MMB or any of its directors, officers or employees in connection with the procurement, collection, compilation, analysis, interpretation, communication or delivery of the information and the contents of this document. This document is for distribution only under such circumstances as may be permitted by applicable law. Recipients of this material should inform themselves about and observe any applicable legal or regulatory requirements in relation to the distribution or possession of this document to or in that jurisdiction. In this respect, MMB does not accept any liability to any person in relation to the distribution or possession of this document to or in any jurisdiction. This document is not directed at, or intended for distribution or use by, any person or entity who is a citizen or resident of any jurisdiction where such distribution, publication, availability or use would be contrary to applicable laws or regulations of such jurisdictions. By your receipt of this document, you are confirming to MMB that you are such a person. If this is not the case, then you must return this document to MMB immediately. This document and its content are strictly confidential and may be price sensitive and you must not copy, publish, reproduce, redistribute, transmit, communicate or disclose, directly or indirectly, in whole or in part, this document to any third party other than your directors, employees and professional advisers, without MMB prior written consent. Your receipt and use of this document constitute notice and acceptance of the foregoing. MMB is authorised and regulated by the Autorité de Contrôle Prudentiel et de Résolution (ACPR). 2 Agenda 1. Executive Summary 4 2. My Money Bank: Company Overview 6 2.1 Business Overview 7 2.2 Financial Highlights 14 2.3 MMB Refinancing Mortgages Portfolio 19 3. MMB SCF Covered Bond Programme 23 3.1 Legislative Framework 24 3.2 MMB SCF Overview 26 3.3 Cover Pool 34 4. Contacts 38 EXECUTIVE 1 SUMMARY Executive Summary A stable independent bank with a 100 years legacy seeking to diversify funding sources via MMB SCF 1 My Money Bank (MMB): a solid independent bank with strong foundations ▪ Experienced longstanding management team, autonomous core banking systems and processes ▪ Banque Espirito Santo et de la Vénétie (“BESV”) acquisition completed in December 2018, rebranded as My Partner Bank ▪ Investment-grade rating (BBB-) from Standard and Poor’s with Stable Outlook 2 Focused growth built on established franchise positions and expertise in attractive growing markets ▪ Longstanding recognised player in refinancing mortgage (+20% in 2018 vs 2017) and auto financing in DOMs (+13%) ▪ BESV acquisition adding a new profitable secured professional mortgage business to existing franchises ▪ Positive and resilient market dynamics supporting for stable market shares and steady income flows 3 A strong credit performance throughout various cycles & a solid capital base ▪ Current CET1 standing at 16.6% (as of end 2018 and including BESV acquisition) ▪ Rigorous risk culture & underwriting approach built on solid GE foundations 4 Strong liquidity position and diversified funding base ▪ 100% self-funded with diversified funding sources (~ 50% deposits / 50% wholesale) ▪ Strong track-record in public securitisations with 5 ABS/RMBS (SapphireOne programmes - EUR 2.9bn issued) ▪ NEU CP & NEU MTN programmes launched in Q2 2019 (~EUR 130m) 5 MMB SCF: a Société de Crédit Foncier soft bullet covered bond issuer ▪ Inaugural MMB SCF’s covered bond issuance closed in October 2018. First new French covered bond programme since 2011 ▪ € 10bn issuance programme rated [AAA] by Standard and Poor’s (EUR 0,6 bn outstanding) ▪ Société de Crédit Foncier issuing French law Obligations Foncières with soft bullet structures ▪ CRR and UCITS compliant, eligible to ECB and LCR Level 1 with an ECBC Covered Bond Label ▪ Recurring benchmark issuances to support business activities and growth in MMB’s core refinancing mortgage franchise 5 MY MONEY BANK: 2 COMPANY OVERVIEW 2.1 Business Overview Our Background A century long presence in France 1919 1960s-70s 1995 2004 2017 2018 Creation of Launch of DOMs SOVAC Acquisition Establishment of Acquisition the company activities becomes GE of RSGB My Money Bank of BESV Money Bank André Citroën SOVAC launches General With the Acquisition of the Acquisition of founds SOVAC DOM’s consumer Electric acquisition of bank by Cerberus Banque Espirito for the financing lending business acquires Royal Saint Capital Santo et de la of its vehicles (Guadeloupe, SOVAC Georges, Management’s Vénétie (BESV) Martinique, & becomes GE Money Bank funds French Guyana, GE Money positions itself in Creation of the My Réunion, New Bank the French Money Bank brand Caledonia) refinancing loans market Note: in March 2017, Cerberus Capital Management L.P. took control of GE Money Bank which became My Money Bank. Cerberus Capital Management, L.P. founded in 1992, is one of the world’s leading private investment firms. Cerberus and its affiliates manage over $30 billion for a diverse set of public and private investors. In Europe, Cerberus has participations in several regulated institutions, including BAWAG (Austria) and Hamburg Commercial Bank (Germany). 8 Company Structure Overview Consolidated regulatory supervision at French holding level Investment Funds (Managed by Cerberus Capital Management) 100% Promontoria 101 BV 100% Regulatory supervision Promontoria MMB SAS 100% 100% MMB SCF My Money Bank BESV [AAA] by S&P Marignan Gestion Somafi – Soguafi 100% 100% Martinique-Guadeloupe BESV Courtage Sorefi 100% 100% Reunion AOC Patrimoine Socalfi New Caledonia 100% 100% Société Lyonnaise de 100% Marchand de Biens (SLMB) 9 Our businesses 3 strong franchises focused on profitable and growing niche markets 1 3 Mainland Refinancing Mortgages Mainland Professional Mortgages • My Money Bank offers a range of refinancing loans (to • Main business of BESV acquired by My Money Bank in December consolidate mortgage loans and consumer credits) and provides 2018 tailor-made products adapted to customers’ specific situations • Recognized player in the financing of real estate professionals • A leading actor on the French refinancing mortgage market with (developers, property brokers, investors) around 30% market share over the last 15 years • Financing of small and mid sized projects mainly focused on prime • Distribution in mainland France through a network of more than urban & dynamic locations (~80% of the portfolio in Paris Region) 300 independant brokers with a strong proportion of residential real estate projects (~45%) 2 DOM Auto & Consumer Financing Credit portfolio outstanding amount 12 (EUR billion) Mortgage Loans • Active in the French overseas departments (DOMs) since the 60s Auto & Conso Mainland France 10 • Leader of the auto financing business in the DOMs – 1 out of 4 BESV vehicles is financed by one of My Money Bank’s local 8 DOM Auto & Consumer subsidiaries Refinancing Mortgages 6 • High local brand recognition 4 2 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 10 My Money Group Executive Committee A stable and experienced management team Experience in MMB/GE (years) 23 Experience in Financial services (years) 16 Eric Shehadeh Chief Executive Officer 24 32 2 32 8 30 20 18 27 32 30 34 Thomas Schneegans Isabelle Meghnagi Jean-Pierre Nelissen Gilles de Launay Jacques Rouquette Philippe Martinie
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