Financial statements for three months ended 30/9/22 approved

POSITIVE START TO FY 2022-23,
WITH IMPRESSIVE COMMERCIAL AND EARNINGS RESULTS

GROWTH IN REVENUES (APPROX. €760m) AND NET PROFIT (€263m)
EPS UP 5% TO €0.31, ROTE 12%

Mediobanca’s distinctive positioning and business growth opportunities have enabled the Group
to deliver an outstanding set of results despite the tough operating scenario

Growth, quality and profitability

Growth in profitable assets:

Customer loans up 7%¹ to €52bn, with new loans above €5bn in 3M

TFAs up 8%¹ to €81bn, on NNM of €1.3bn in AUM/AUA

Revenues grew to approx. €760m (up 7%) in 3M

on NII of nearly €400m (up 11%¹) and fees of €210m (up 4%¹)

Asset quality remains excellent (cost of risk stable at 48 bps with NPLs coverage rising to 72%, overlays intact at approx. €300m)

Improvement in efficiency indicators (cost/income ratio down to 42%),
despite ongoing investments in distribution, innovation and talent (costs up 6%¹)

Net profit €263m, with EPS up 5% in 3M to €0.31

(after 39 million shares were cancelled in 12M)

ROTE 12% (up 2pp¹) with CET1 phase-in at 15.1% (14.0% fully-loaded)

Innovation

Acquisition of Soisy and 19.5% HeidiPay, two fintechs operating in Consumer Finance in the Buy Now Pay Later segment,
enhancing direct distribution, client acquisition, and the business’s international dimension

Sustainability

Publication of first TCFD report

First two NZBA targets set on cutting emissions in Automotive and Energy sectors

ESG risks incorporated into risk and lending policies