Contents

1 History & Structure

2 Sustainable growth

3 Risk profile

4 Strategy & succes factors

5 Prepared for the future

2 1 History & structure

3 Shareholders

4 An entrepreneurial history

1930 1989 2000 2011 1972 1998 2005 2018

Foundation of Strategic change: 'For Start-up Acquisition the bank by family businesses and Brussels and ABK bank Jos Van Breda liberal professions only' Wallonië

Management Foundation of Strategic focus Launch of Buy Out Finaxis holistic asset Bank de Kremer management

5 Responsibilities Executive Committee

Dirk Wouters Véronique Léonard Vic Pourbaix Marc Wijnants President Compliance and Legal Advice ALM & treasury Client Relations IT Internal audit Internal and external reporting Operations Information security Business Credits Production Marketing and communication Van Breda Car Finance Human Relations Risk management Van Breda Advisory

6 2 Sustainable growth

7 Bank J.Van Breda & C° Assets under management Financial assets Belgian households Average growth Average growth 13,4 1.348 1.286 1.327 11,8% 12,1 3,75% 1.218 1.142 10,8 1.105 1.014 1.052 9,7 935 948 8,7 866 906 878 7,7 7,1 6,4 5,6 4,7 5,0 4,1 3,5

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Totaal invested Financal assets Belgian households Bank J.Van Breda & C° (in bn euro) (in bn euro) X 3,8 X 1,55

8 Solid sustainable growth Commercial volumes +10% Assets under Management Loans (In billion euro) (In billion euro) Off-balance products* +6% Client deposits +11% 9 months 14.6 13.7 +7% +4% 12.4 9 months 11.1 10.0 4.5 4.7 9.0 3.9 4.2 9.2 9.8 3.6 8.2 3.5 7.2 5.3 6.2

3.7 3.8 4.0 4.2 4.6 4.8

2013 2014 2015 2016 2017 Q32018 2013 2014 2015 2016 2017 Q32018

* € 5.4 bn entrusted to Delen Private Bank for asset management in 2017 € 0,9 bn investments funds managed by Delen Private Bank

Note: Totals not always equal to sum of parts due to roundings 9 Income growth despite low interest rate environment Stable NII, growing fee income

+16% -2% 82.1 84.1 81.0 76.8 79.1 CAGR

+1%

55.6 CAGR 48.0 +15%

44.7

million

31.6 32.0

EUR In

2013 2014 2015 2016 2017

Net Interest Income Net Fee Income 10 Benchmarking Revenues Diversified Revenues Sector Bank JVB

Interest 11% 5% income Interest income Net Net Commission 25% 39% Commission* 56% Other 64% Other

11 Disciplined cost management Forward-looking investments in commercial strengths (People + IT + Automation & Digitalisation)

Operating expenses FTE +5% +5% 83.6 79.6 74.4 69.3 71.2 471 471

466 465

459 In EUR million EUR In

2013 2014 2015 2016 2017 * Significant increase in banking taxes from 2 million in 2013 to 8.4 million in 2017

12 Solid financial performance Profit based on strong underlying sales results and efficiency Income +5% 133.9 134.0 141.4 Net Profit 117.7 119.4 (In million euro) +6%

40.5 37.7 39.1

35.5 In EUR million EUR In 2013 2014 2015 2016 2017 31.5 Costs & C/I ratio +5% 79.6 83.6 74.4 69.3 71.2

59% 60% 56% 59% 59%

2013 2014 2015 2016 2017 In EUR million EUR In

2013 2014 2015 2016 2017 13 3 Risk profile

14 Bank J.Van Breda & C° (Consolidated) Key Figures

15 Bank J.Van Breda & C° (Consolidated) Key Figures

2013 2014 2015 2016 2017

Staff 466 459 466 471 471 Net profit after taxes 32 36 41 38 39 Equity 448 475 502 518 539 Cost income ratio 59% 60% 56% 59% 59% Return on average equity (ROE) 7% 8% 8% 7% 7% Impairments on loans 0,04% 0,01% 0,01% 0,01% 0,04% Core capital ratio (Tier 1) 13,70% 14,90% 14,50% 14,80% 14,20% (millions of Euros)

16 Healthy balance sheet Loans fully funded by client deposits

Situation as per 31/12/2017

€ 5.4bn € 5.4bn

Loans & 83% 84% Deposits receivables

Cash & Investment portfolio Equity 10% Other 14% Debt instruments 3% 6% Other; < 1% Total Assets Total Liabilities 17 Strong capital position Solid capital generation & buffer for sustainable growth

Tier 2 % Capital Ratio Strong capital adequacy, CET1% (in % RWA) especially in light of 16.8% the use of Standardised Approach 15.9% 15.8% 15.6% 14.9%

10.5% 2.0% Tier 2 Capital* Capital 13.7% 14.9% 14.5% 14.8% 14.2% 2.5% Conservation Buffer 6.0% Tier 1 Capital

2013 2014 2015 2016 2017 Regulatory Minimum (before pillar II IFRS capital increased from € 518 million in 2016 requirement) to € 539 million in 2017

18 Strong leverage ratio One of the strongest in Europe

8.9%

Basel III Monitoring Report: 3.0% 25%-75% quartile from 4,4% to 7,5%

2017 Regulatory Minimum

19 Solid liquidity & Conservative bond portfolio

Strong regulatory ratio’s High quality bondportfolio

LCR 8% Government Bonds (Aaa) 31/12/2017 13% 143% Government Bonds (Aa1) 2017 39% € 425mln 16% Government Bonds (Aa2) NSFR 31/12/2017 Government Bonds (Aa3) 121% 25%

Corporate Bonds, Commercial Paper and other Excluding cash position of € 359mln in 2017 20 Stable funding Client deposits primary source of funding

Strong client deposit* gathering ability Conservative funding mix Stable Loan-to-Deposit Ratio +6% 4.5 4.2 3.9 5% 100% 100% 3.6 3.7 99% 1%

1% 95% 94% € 4.8bn

In EUR EUR In billion 93%

client deposits subordinated debt commercial paper interbank 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 * Figures exclusive subordinated certificates . Retail banking activities represent the main liquidity risk for Bank J.Van Breda & C° . Very stable financing mix 21 Sound credit portfolio

Risk costs credit portfolio 2009 2010 2011 2012 2013 2014 2015 2016 2017

0,09% 0,15% 0,06% 0,08% 0,04% 0,03% 0,04% 0,01% 0,04%

Non-performing loans < 1,54% Restructured loans < 1,05%

22 Benchmarking with the Sector (NBB source)

Sector Bank J. Van Breda & C°

2016 2017 # 2016 2017 Profitability Return on equity 9,1% 8,9% # 7,4% 7,4% Net profit/total assets 0,6% 0,6% # 0,8% 0,7% Net intrest income/total assets 1,5% 1,4% # 1,6% 1,5% Cost income 58,4% 58,2% # 59,4% 59,1% Solvency Common Equity ratio (phased-in) 15,7% 16,2% # 14,8% 14,2% Risk weighted assets/total assets 36,2% 37,5% # 69,2% 66,1% Leverage ratio (phased-in) 5,5% 5,9% 9,8% 8,9% Liquidity Customer loan to deposit ratio 95% 96% # 100,0% 99,5% Liquidity coverage ratio 140% 138% # 150% 143% Credit risk Loan loss ratio loans & receivables 0,16% 0,07% # 0,01% 0,04% Non performing loans 3,4% 2,8% # 1,8% 1,5% Non performing loans domestic portfolio BE 2,7% 2,3% 4 Strategy & Succes Factors

24 Only for … entrepreneurs & liberal professions

“To be the best provider of financial guidance … for professional & private assets in all life stages of the client”

25 Clear & meaningful purpose

Our aim is that entrepreneurs and liberal professionals make the right financial choices. This will bring them the peace of mind that enables them to focus on their real ambitions

We assist our clients in systematically building up, managing and protecting their assets

26 Holistic approach

Liberal profession Entrepreneur

Professional Private Creation of value

Activity Loans Accumulation Accumulation Loans Activity of assets of assets

Build up Live of one’s Management and sufficient assets investments protection of assets

Overview – Strategy – Follow-up 27 Tailor-made financial guidance

Full package of banking services

In partnerships with insurance companies & asset managers

28 Three strategic values Focused on customer satisfaction

Specialised Personal Pro-active

Resulting in one of the highest Net Promotor Scores in the Belgian banking market

51% Net Promotor Score

29 Net Promotor Score 51

30 Vraag/ Se From product to UUX Klacht Promotor NPS

Partner UUX Personalization

Purpose UX Pride

Protection X

Product Price Place Promotion 31 5 Prepared for the future

32 Strong company culture Results “Great Place to Work” survey

2012 2014 2016 2018 • Credibility 80% 82% 83% 85% +2% • Respect 76% 78% 79% 81% +2% • Fairness 73% 73% 77% 80% +3% • Pride 83% 84% 85% 86% +1% • Camaraderie 83% 87% 87% 88% 0% The results indicate that 94% find Bank J.Van Breda a very good organization to work for: 92% 91% 94% 94%

33 Commercial succes allows to invest

. # Account managers

. Real estate

. IT

. Bank de Kremer

34 Proactive & selective acquistion

# Account managers > 8.000 visits to prospects per year

. 2000: 60 . Entrepreneurs with proven track record . 2005: 101 . Niche programms towards . 2010: 132 young liberal professions . 2018: 158 . Proposition based on added value

35 Geographical footprint matching the niche

Antwerp Brussels 168.859 entrepreneurs 126.669 entrepreneurs Kapellen‘s Gravenwezel Antwerp (2) St-Gillis-Waas Turnhout West-Flanders Brugge St-Niklaas Herentals Mol 127.775 entrepreneurs East-Flanders Kontich 20% Lier 137.527 entrepreneurs Mechelen Roeselare Limburg WaregemGent Genk of Belgian Ieper Grimbergen 78.336 entrepreneurs De Pinte Aalst Brussels (2) Leuven Hasselt working population is Halle Wavre Waterloo St- Liège Liège entrepreneur* Hainaut Truiden 89.079 entrepreneurs Tournai Brabant Wallon Vlaams-Brabant 97.424 entrepreneurs 46.619 entrepreneurs 102.155 entrepreneurs Mons Namur Namur 43.596 entrepreneurs

56% Luxembourg 31 of Belgian 23.866 entrepreneurs out of our 41 entrepreneurs branches located located in Flanders Concentration of entrepreneurs in Flanders ** Bank J.Van Breda & C° branch

* Source: FOD Economie 36 **Source: Unizo - KMO Rapport 2017 Upgrade branches

Sint-Niklaas

Kapellen

37 Upgrade branches

Herentals Hasselt

38 New IT platform (2009-2015)

Paperless bank

PAYMENTS INSURANCES

LOANS

REMAINING REMAINING FUNCTIONALITY

MARKET DELEN INVESTMENTS DEBET & CREDITCARDS TERMACCOUNTS FINANCIAL MONEY & MARKETS CREDITFACILITIES

( CLIENTS 1 SIMULATION TOOLS

ACCOUNTS

PFT)

–

INTERFACE

FINANCE New bank application EOS Some features: . Reduces the use of paper documents . Avoids repeated encoding . Uses eID and other data sources . User friendly application . Allows processing outside the bank . Electronic signature

40 High tech – Human Touch UX

41

Consul- tancy Events & Products and transactions Community

Investment advice

Products

. 2019 - Bank without cash Transactions

. As from 2016 only drop-boxes & public ATM

. Signing documents online

. 60% signed on iPad Accountmanager . 31% signed online . 9% signed on paper

Travel-free administration 42

Consul- tancy Events & Investment advice Community

Investment advice

. Bank Van Breda = entrepreneurs only Products

Transactions . Digital proposition for mass affluent • Home market – no cannibalisation • Financial planning app . Launch 20/6/2018 . Free of charge and 100% anonymous . Focus 2018: build user base . Launch december 2018: online onboarding . Focus 2019: online cross buying 43

Key Takeaways

. Sound capital & liquidity position . Solid sustainable growth track record . Future oriented IT platform . Strong company culture . Clear purpose  unique user experience

45 Q&A

Dirk Wouters, CEO

Véronique Léonard, CFO

46