Presentation to Q3 2021 debt investors

PRESENTATION TO DEBT INVESTORS

3rd quarter and nine months 2021

DISCLAIMER

Financial information on Societe Generale for its 3rd quarter and nine months 2021 includes this presentation and a dedicated press release which are available on the website: https://investisseurs.societegenerale.com/fr.

This presentation contains forward-looking statements relating to the objectives and strategies of the Societe Generale group. These forward-looking statements are based on a series of assumptions, both general and specific, in particular the application of accounting principles and methods in accordance with IFRS (International Financial Reporting Standards) as adopted in the European Union, as well as the application existing prudential regulations. These forward-looking statements have also been prepared on the basis of scenarios based on a number of economic assumptions in the context of a given competitive and regulatory environment. The Group may not be able to:

  • anticipate all risks, uncertainties or other factors likely to affect its activity and assess the potential consequences;
  • assess to what extent the occurrence of a risk or a combination of risks could lead to a material difference between the actual results and those provided in this document and the related presentation.
    Consequently, although Société Générale considers that these statements are based on reasonable assumptions, these forward-looking statements are subject to numerous risks and uncertainties, in particular in the context of the Covid-19 crisis, including elements of which it or its management or its management do not yet know. currently considered important and there can be no assurance that the anticipated events will occur or that the stated objectives will actually be achieved.
    Important factors that could cause actual results to differ materially from the results anticipated in forward-looking statements include, among others, general trends in economic activity in general and in Societe Generale’s markets in particular, regulatory changes and prudential policies, and the success of strategic, operational and financial initiatives. More detailed information on the potential risks that could affect Societe Generale’s financial results is available in the “Risk factors” section of our Universal Registration Document filed with the Financial Markets Authority (which is available on https://investors.societegenerale.com/en). Investors are invited to take into account the factors of uncertainty and risk that may have an impact on the Group’s operations when examining the information contained in these forward-looking statements. Apart from what is required by applicable law, Societe Generale undertakes not to undertake to update or revise forward-looking information or statements.
    Unless otherwise indicated, the sources for company rankings and market positions are internal. This presentation includes information relating to our markets and our competitive positions in these markets. This information is based on market data and our actual revenues in those markets for the relevant periods. We obtained this market information from various third-party sources (publications, surveys and forecasts) and from our own internal estimates. We have not independently verified these third party sources and cannot guarantee their accuracy or completeness and our internal surveys and estimates have not been verified by independent experts or other independent sources.
    The financial information presented for the third quarter and the nine months ended September 30, 2021 were reviewed by the Board of Directors on November 3, 2021. They were prepared in accordance with IFRS standards as adopted in the European Union and applicable. to this date. This information has not been audited.

PRESENTATION TO DEBT INVESTORS NOVEMBER 2021 1

1 GROUP STRENGTHS AND PERFORMANCE

PROFIT GROWTH IN COMPANIES

vs Q3 20

Strong growth in Financial Services and Financing & Consulting

Robust global markets Continuous improvement in retail

Raw

+ 32.8%(1) (33.5%(1)*)

Operating

vs Q3 20

Returned

At low price

15BP

risk

SOLID CAPITAL, ATTRACTIVE DISTRIBUTION

CET1 ratio

13.4%(2)

to 30.09.21

The share buyback program is expected to start on November 4 and end by the end of the year

Provision for

2.03 euros(3)

Distribution

in 9M 21

DELIVERY

ON STRATEGY

The merger of the French networks is progressing as planned

Presentation of the new banking model

Strong profits in Corporate Banking and Investor Solutions driven by efficient capital rebalancing and lowered break evenpoint

Successful execution of our ongoing growth initiatives (Boursorama, KB, ALD)

GROUP NET PROFIT AT € 1.4bn(1) (4.0 billion euros(1) EN 9M 21) ROTE AT 10.9%(1) (10.4%(1) EN 9M 21)

(1) Underlying data: restated for exceptional items and IFRIC 21 linearization (see Supplement) (2) Including IFRS9 phasing, 13.2% at full load

  1. Based on a payment of 50% of the underlying net income Group share after deduction of interest on super-subordinated notes and indefinite subordinated notes * after adjustment for changes in scope and at constant exchange rates

PRESENTATION TO DEBT INVESTORS NOVEMBER 2021 3

Q3 21: STRONG GROWTH IN GROSS OPERATING PROFIT

GROSS OPERATING INCOME

POSITIVE JAWS

COST / REVENUE RATIO

_Underlying gross operating income(1) (millions of euros)

_Modify income and

_Underlying expense / income ratio(1)

underlying costs(1) T3 21 / T3 20

+ 44.1%

+ 32.8%2,400

1,666

1,807

T3 19

T3 20

T3 21

+ 14.9%

+ 6.8%

Income

Costs

72.1%

68.9%

64.0%

T3 19

T3 20

T3 21

GROUP UNDERLYING NET PROFIT AT € 1.4bn(1), ROTATION AT 10.9%(1) NET INCOME, GROUP SHARE PUBLISHED AT € 1.6bn, ROTE AT 12.7%

(1) Underlying data: restated for exceptional items and IFRIC 21 linearization (see Supplement)

PRESENTATION TO DEBT INVESTORS NOVEMBER 2021 4

To read the rest of this noodl, you can consult the original version here.

Disclaimer

Societe Generale SA published this content on November 10, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on November 10, 2021 04:48:13 PM UTC.

Public now 2021

All the news of SOCIT GNRALE

Analyst recommendations on SOCIT GNRALE
Sales 2021 25,266 million
29,018 million
29,018 million
Net income 2021 4 300 million
4,938 million
4,938 million
Net debt 2021

PER 2021 ratio 5.92x
Yield 2021 6.52%
Capitalization 25,003 M
28 838 million
28,715 million
Capi. / Sales 2021 0.99x
Capi. / Sales 2022 1.03x
Number of employees 133,000
Free float 93.6%

Duration :

Period:

Society

Trends in technical analysis SOCIT GENERAL

Short term Mid Road Long term
Tendencies Bullish Bullish Bullish

Evolution of the income statement

To sell

To buy

Average consensus SURPASS
Number of analysts 23
Last closing price

€ 29.40

Average price target

€ 32.53

Spread / Average target 10.6%


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Carol M. Barragan

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