Corporate Profi le Banco Macro S.A (NYSE: BMA; Buenos Aires: BMA) is a universal bank, with focus in low & mid-income individuals and small & mid-sized companies. The Bank started operating in 1985 as nonbanking fi nancial institution and today has grown to be the private local bank with the largest branch network in the country. Banco Macro was initiated by the members of the Brito & Carballo families who are the actual major shareholders. Ownership Structure1 Local Shareholders 9% Major Sheet 4Q20 Fact Shareholders 35% ADRS 27% 1 Anses 29% Nationwide Presence As of December 31, 2020. 1 - Total Shares Outstanding 639,413,408 80% in Interior of Argentina 14% in Buenos Aires Province Strategy 6% in Buenos Aires City Operational and Commercial Effi cience Strongest Presence Outside Buenos Aires Growth through Profi tability Inorganic Growth Opportunity Exclusive financial agent in 4 provinces: Salta, Misiones, Jujuy and Tucumán Agressive Growth Focus 463 branches throughout the country Market Opportunities through Geography and Segment 1,572 ATMs 960 TAS 35 Service points 8,561 Employees Timeline 4,127,191 Retail Customers 84,691 Corporate Customers National Bank Source: BMA Regional Bank 1As of December 31, 2020. 2000 – 2016 Wholesale Bank 2010 Banco Privado de Inversiones Inicial Stage 2009 Merger Nuevo Banco Bisel Successful Business Model 2007 Merger Nuevo Banco Suquía Fast Growth Payroll Accounts International Capital Markets 2006 Banco de Tucumán Export Driven NYSE IPO Nuevo Banco Bisel Small & Mid-Sized Under-served Companies 2005 Banco Empresario de Tucumán 2004 Nuevo Banco Suquía Nationwide 2002 Banco Bansud Improving Wealth 35% of Scotiabank Argentina Distribution 1990 - 1999 Low & Presence 1999 Branches of Banco Mayo, Almafuerte, Mendoza and Israelita Mid-Income Provincial 1998 Banco Jujuy Individuals Governments 1996 Banco Macro acquired 3 banks in Argentina - Banco Misiones, Banco del Noroeste and Banco Salta 1994 First Wholesale Bank to Issue Equity First Branch in Salta Strategic Decision to Move into Retail Stable Deposits 1992 First Wholesale Bank to Issue Debentures Share Performance 1980 - 1989 1989 Banco Macro Emerges as a Leading Wholesale Bank MACRO consolidated 4Q19 3Q20 4Q20 in Argentina Share Price (Ps.) 273.60 207.60 227.30 1988 Commercial Bank License ADR Price (USD) 36.25 14.3 15.84 Average Shares out.(M) 639.0 639.0 639.0 1985 Macro (Financial Company) Shares Outstanding (M) 639.0 639.0 639.0 1970 - 1979 Book value per Avg. out Share (Ps.) 223.00 233.00 232.00 1975 Hamburgo (Investment Manager) Earnings per Avg. out Share (Ps.) 12.11 10.59 10.80 Market Cap (USD) 2,316 914 1,012 YoY Volume Growth Ratings 39% Amount (USD) Ratings1 Call Denomination Original Oustanding Maturity Coupon Moodys Fitch 22% 24% Option Subordinated 400 400 2026 2021 6.75% Ca(hyb) C/RR6 (Class A) 12% Peso Linked 300(*) 300(*) 2022 17.50% Caa3 CCC/RR4 0% (Class B) - Peso (Clase C) 3,207.50 2,413.00 2021 - Badlar + 3.5% AA+.ar NR -15%-12% -12% -12% -23% Equivalent to AR$ 4,620,570,000. As of December 31, 2020 AR$ 1,731,379,000 of this issuance had been cancelled, bringing the total outstanding amount to AR$ 2,889,191,000 4Q19 1Q20 2Q20 3Q20 4Q20 4Q19 1Q20 2Q20 3Q20 4Q20 Loans to the Private Sector Private Sector Deposits Market Share1 Financial Performance 10% I II III IV V QUARTERLY INCOME STATEMENT - In Million Ps. 4Q19 3Q20 4Q20 FY2019 FY2020 8% Net Interest Income 32,238 23,555 21,770 119,000 96,246 7.1% Net fee income 5,830 5,869 5,660 24,276 22,696 6.4% Subtotal (Net Interest Income + 38,068 29,424 27,430 143,276 118,942 5% Net Fee Income) Net Income from fi nancial instruments -351 -8,395 -10,682 -44,398 -26,653 at fair value through P&L Income from assets at amortized cost 73 68 126 37 1,293 3% Diff erences in quoted prices of gold and 1,860 1,345 1,272 4,761 4,230 foreign currency 0 Other operating income 1,276 1,316 1,391 10,457 5,370 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Provision for loan losses 1,977 1,948 2,159 5,830 8,003 Market share Loans Acquisitions: Net Operating Income 38,949 21,810 17,378 108,303 95,179 to Private Sector I- Bansud IV- Bisel Employee benefi ts 7,057 6,902 6,856 28,865 26,599 Market share Private II- Suquia V- Banco Privado III- Tucuman Administrative expenses 4,664 3,784 3,897 17,427 14,540 Sector Deposits Depreciation and impairment of assets 1,058 1,130 1,113 4,093 4,402 Other operating expenses 6,542 5,109 4,989 30,088 20,471 1 Corporate Customer Operating Income 19,628 4,886 523 27,830 29,167 Loans Result from associates & joint 36 16 -59 1,223 -7 2 ventures Documents 3 Result from net monetary position -6,284 5,385 7,058 14,429 13,349 Others 24% 45% Result before taxes from continu- 13,380 10,287 7,522 43,482 42,509 ing operations Overdraft Income tax 5,635 3,522 616 17,006 12,240 Credit Cards 22% Net income from continuing Pub & Fin 2% 1% 7,745 6,765 6,906 26,476 30,269 operations Pledged Loans Mortgage Loans Net Income of the period 7,745 6,765 6,906 26,476 30,269 1% 7% Consumer Net income of the period attributable 7,745 6,765 6,906 26,476 30,269 to parent company 72% Corporate Net income of the period atributable Retail Customer 0 0 0 0 0 26% to minority interest Others4 21% Mortgage 5% Personal ACCUMULATED ANNUALIZED RATIOS 4Q19 1Q20 2Q20 3Q20 4Q20 38% Profi tability & performance Credit Cards 36% 15% market Net interest margin 18.1% 25.2% 22.3% 20.3% 19.2% share - Leader in the Argentine banking Net interest margin adjusted (exc. FX) 17.1% 24.6% 21.6% 19.5% 18.4% system ranking Net fee income ratio 20.1% 14.3% 14.5% 16.1% 17.9% 1 Pub & Effi ciency ratio 50.7% 39.8% 41.6% 45.9% 50.7% Deposits Fin 15% Net fee income as % of A&G Expenses 39.7% 36.0% 34.9% 35.1% 35.3% Return on average assets 4.2% 5.9% 5.2% 4.6% 4.3% Retail 50% Institutional 35% Return on average equity 19.3% 24.6% 23.0% 21.5% 20.9% Liquidity Loans as a percentage of total deposits 84.0% 72.3% 56.0% 48.2% 52.7% Liquid assets as a percentage of total deposits 66.8% 72.4% 83.8% 87.2% 90.1% 1 Capital Deposit Funding 55% low Total equity as a percentage of total assets 23.6% 23.5% 19.1% 18.3% 19.2% 2014 cost funding Time deposits Regulatory capital as % of APR 27.3% 32.0% 32.2% 34.8% 34.3% 2015 Demand deposits Asset Quality 2016 Other 2017 Allowances over total loans 2.3% 2.5% 2.8% 3.3% 3.9% 2018 Non-performing fi nancing as a percent- 2.1% 1.4% 1.5% 1.1% 0.8% 2019 age of total fi nancing 3Q20 Coverage ratio w/allowances 106.1% 173.5% 210.7% 302.9% 479.2% 4Q20 45% 48% 7% Cost of Risk 1.9% 1.6% 2.8% 2.9% 3.0% 0 10.000 20.000 30.000 40.000 80.000 100.000 140.000 180.000 190.000 200.000 280.000 492.710 Ps. Millions Source BCRA/BMA QUARTERLY BALANCE 4Q19 3Q20 4Q20 1- As of December 31, 2020. SHEET - In Million Ps, 2- Factoring, check cashing advances and promissory notes 3- Mostly structured loans (medium- and long-term) Assets 603,973 813,493 769,901 4- Including documents & overdrafts Loans 300,732 264,600 257,327 Other assets 303,241 548,893 512,574 Liabilities 461,218 664,399 621,820 IR Contact Deposits 357,866 548,519 488,741 Jorge Scarinci – Chief Financial Offi cer Other liabilities 103,352 115,880 133,079 Nicolás Torres - Investor Relations Shareholders Equity 142,755 149,094 148,081 www.ri-macro.com.ar [email protected].