BAWAG P.S.K. Investor Factsheet Key data Company overview Financial Position (€ bn) 2011 2012 Chg. BAWAG P.S.K. … Total assets 41.1 41.3 +0.5% … is one of Austria’s largest banking institutions with 1.6m customers relying on a well-known strong brand Customer deposits 22.0 22.0 -0.1% Customer loans 23.2 22.3 -4.1% … is the most Austrian full-service universal bank (>75% of loans granted to customers in Austria) Risk-weighted assets 23.2 20.6 -11.2% … operates the largest centrally managed distribution network in Austria with extended opening hours Income Statement (€ m) 2011 2012 Chg. The bank was founded in 1883 by the Emperor Franz Joseph I as „k.k.Postsparcassen-Amt“ Core revenues 853.8 792.1 -7.2% 2005: Merger of BAWAG and Österreichische Postsparkasse (P.S.K.) to “BAWAG P.S.K.” Operating income 923.7 931.8 +0.9% Operating expenses -592.9 -604.5 -2.0% The bank is owned by the controlling shareholder Cerberus Capital Management L.P. (~52%) and the significant minority shareholder GoldenTree Asset Management LP (~39%). Austrian co-investors include Österreichische Risk costs -154.8 -150.1 +3.0% Post AG, Generali Holding Vienna AG and Wüstenrot Wohnungswirtschaft reg.Gen.m.b.H. Profit after tax1) 147.5 153.2 +3.9% Net profit 122.5 107.3 -12.4% Strategic cornerstones Key strengths & market positions Key Indicators (%) 2011 2012 Chg. CET I capital ratio2) 7.8 11.0 - Retail: integrated multi-channel strategy – intuitive Largest centrally managed distribution network in Own funds ratio 12.3 13.8 - banking – innovative “box” concept, unique access to Austria: >500 cutting-edge branches in cooperation Cost-income ratio1) 64.2 64.9 - customers, further expansion of direct channels with Austrian Post Diversified Corporate & International Business – Comprehensive multi-channel approach Resources 2011 2012 Chg. sustainable and valuable customer relationships, Excellent capital and liquidity position Workforce (FTE) 4,038 4,003 -0.9% selective international expansion Bank branches 431 506 +17.4% Improved cost efficiency and productivity – Strong customer share in retail deposits (~15%) and current accounts (~14%)3) Moody’s Rating 2011 2012 Chg. prudent cost management, streamlined management Strong position in public sector (~16% market share)4) Long-/short-term rating Baa2/P2 Baa2/P2 - & organisational structure to facilitate end-to-end – BAWAG P.S.K. is exclusive payment provider for Outlook stable stable - process optimisation, more flexible operating model Capital, liquidity and risk management the Republic of Austria BFSR (stand-alone) D D - Operating income by segment Solid 2012 results – Highlights Subsidiaries Solid operating performance in difficult environment easybank: full-service direct bank with continuous Financial Markets International Business Operating income slightly improved to € 932m strong growth and > € 2bn customer deposits 9% 10% Risk costs further reduced to € 150m BAWAG P.S.K. Invest: asset management business Profit after tax (before restructuring expenses) BAWAG P.S.K. Versicherung: universal insurance 24% Corporate increased to € 153m (+3.9% yoy) provider in cooperation with Generali Efficiency and productivity programme accelerated BAWAG P.S.K. Wohnbaubank: real estate financier Capital and liquidity position further improved – BAWAG P.S.K. Leasing: leasing service provider with 52% 5% Retail & Corporate repayment of ECB funding (“LTRO”) in early 2013, focus on car leasing in Austria Small Business Center / ALM € 50m redemption of participation capital in June 2013 Note: 2012 data unless stated otherwise; in € m 1) Excl. restructuring expenses 2) According to CRR/Basel 2.5 3) Source: FMDS 2012 (survey-based market shares) 4) OeNB Monetary Statistics, Dec. 20112 1 BAWAG P.S.K. Investor Factsheet Loan portfolio – Focus on Austria (€ m)1) Well-diversified customer base2) Loan portfolio overview Public sector Constantly low loan-to-deposit ratio of 101% 23% (incl. retail own issues: 90%) Total loans to customers: € 22.3bn 17,501 Western Europe Main focus on Western Europe (92%), Austria 13% (79%) Banks 20% predominantly on Austria (79%) 40% Corporates 3% 5% CEE Sovereign debt exposure to high-deficit EU countries limited: € 30m towards Italy and Spain, no exposure Other 14% towards Greece and Portugal 3% Retail - Private customers Retail - Small business Funding: customer deposits prevail (€ m)1) Maturity profile – own issues (€ m)3) Funding & capital overview Funding dominated by customer deposits ensured 1,941 through dense branch network and fast-growing Own issues easybank Subordinated capital 9% 1,500 1,416 1% Supplementary capital Own issues: 59% senior unsecured, 34% covered, Customer 21,999 1% 5% Other obligations 7% subordinated deposits (72%) 819 On-top funding potential from unutilised mortgage 12% Payables to credit 420 cover pool 389 315 institutions Solid surplus liquidity of € 4.1bn Strong capital position – CET I ratio4) 11.0% 2013 2014 2015 2016 2017 2018 2019 Strong capital position (€ m) Sound capital ratios5) Contact 2,911 2,865 2,835 115 80 16 Tier III 13.8% Own funds ratio 410 BAWAG P.S.K. Bank für Arbeit und Wirtschaft und 606 562 12.3% 11.7% Tier I capital ratio 142 Tier II 11.8% Österreichische Postsparkasse Aktiengesellschaft 404 404 404 Hybrid Tier I 9.6% Georg-Coch-Platz 2, 1018 Vienna 8.9% 384 378 550 Minorities Participation capital 550 550 11.0% CET I ratio +43 (0) 59905 22456 1,063 Reserves 7.2% 7.8% 602 641 less deductions www.bawagpsk.com Share capital 250 250 250 [email protected] 2010 2011 2012 2010 2011 2012 Note: 2012 data unless stated otherwise; in € m 1) Figures measured at amortised cost 2) Based on credit risk by customer segment 3) As of 31.12.2012 4) According to CRR/Basel 2.5 5) Based on total RWA 2.