EFG International : Half-year results presentation 2021

EFG International

Half-year 2021 results presentation

21 July 2021

Zurich

Half-year 2021 results presentation

21 July 2021

Page 1

EFG International

Important Legal Disclaimer

This document has been prepared by EFG International AG ("EFG") solely for use by you for general information only and does not contain and is not to be taken as containing any securities advice, recommendation, offer or invitation to subscribe for, purchase or redeem any securities regarding EFG.

This presentation contains specific forward-looking statements that reflect EFG's intentions, beliefs or current expectations and projections about EFG's future results of operations, financial condition, liquidity, performance, prospects, strategies, opportunities and the industries in which it operates. Forward-looking statements involve all matters that are not historical facts. EFG has tried to identify those forward-looking statements by using the words "may", "will", "would", "should", "expect", "intend", "estimate", "anticipate", "project", "believe", "seek", "plan", "predict", "continue" and similar expressions. Such statements are made on the basis of assumptions and expectations which, although EFG believes them to be reasonable at this time, may prove to be erroneous.

These forward-looking statements are subject to risks, uncertainties and assumptions and other factors that could cause EFG's actual results of operations, financial condition, liquidity, performance, prospects or opportunities, as well as those of the markets it serves or intends to serve, to differ materially from those expressed in, or suggested by, these forward-looking statements. Important factors that could cause those differences include, but are not limited to: changing business or other market conditions, legislative, fiscal and regulatory developments, general economic conditions in Switzerland, the European Union and elsewhere, and EFG's ability to respond to trends in the financial services industry. Additional factors could cause actual results, performance or achievements to differ materially. In view of these uncertainties, readers are cautioned not to place undue reliance on these forward-looking statements. EFG and its subsidiaries, and their directors, officers, employees and advisors expressly disclaim any obligation or undertaking to release any update of or revisions to any forward-looking statements in this presentation and any change in EFG's expectations or any change in events, conditions or circumstances on which these forward-looking statements are based, except as required by applicable law or regulation.

Alternative performance measures and Reconciliations: This presentation and other communications to investors contain certain financial measures of historical and future performance and financial position that are not defined or specified by IFRS, such as "net new assets", "Assets under Management", "operating profit", "underlying net profit", "cost/income ratio", "Liquidity Coverage Ratio", "Loan/Deposit Ratio". These alternative performance measures (APM) should be regarded as complementary information to, and not as a substitute for the IFRS performance measures. The definitions of APM used in this media release and other communications to investors, together with reconciliations to the most directly reconcilable IFRS line items, are provided in the section headed "Alternative performance measures" of the Half-year Report 2021 available at www.efginternational.com/Half-year-report.

Half-year 2021 results presentation

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Key highlights

Giorgio Pradelli, Chief Executive Officer

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EFG International

Strong profitability and business momentum in 1H21

Business growth	IFRS profit
Net new assets of	106.5 mn
4.2bn
3 ×
+5.3%

Quality of the business	2022 strategic plan
• Investment led	On track

• Operational leverage
• Rationalisation of global footprint
• De-riskinglegacy
• Organic capital generation

Half-year 2021 results presentation

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EFG International

Strong profitability and business momentum in 1H21

	Maintained strong growth momentum
	 Annualised growth rate of 5.3%, well within target range
bn	 High client activity and all-time high of Assets under
	Management of CHF 172.0 billion
Net new assets		Investment led growth results in increased demand of high-
	value services; net commission income up 36% since 2019

• Targeted hiring of new CROs and CRO teams on track

	Step change in profitability
	 Delivering strong profitability while achieving significant
		growth
IFRS net profit		IFRS net profit tripled to CHF 106.5 million
	Underlying net profit doubled to CHF 82.3 million

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