Banco Macro S.A. ADR (representing Ten Class B Common Shares)

press release is investor relations macro macro dot slash relation inversory also will be in listen only mode during the company's remark session at this pardon me will be given should during this call to signal the it is now speakers joining us from Gustavo, my officer, and Mr. Nicholas Torres. I'll turn the conference over to you. Begin your conference.

Welcome to Banco Matos. forward-looking statement is our line, you know, 20F, which was tied to the site. So, what did we do? What did we do yesterday? Of here, we stated in terms of the reporting period. As of 2020, we are applying hyperinflation to IES 2020. have been restated at the inflation adjustment for 2023. For the quarter of 2023, Blanco Matos net income of $1,894, higher than in the first quarter of 2023, with an 89% of $498. was a year ago of 33.7% and shows the bank's earnings potential. In 2023, $7.7 billion, $332 billion. Total $600 billion and was $430 billion in 2022. Personal expenses. 1.3 trillion pesos. 78 billion pesos. Income before January. With 215 billion pesos. In fiscal year. Personal expenses total. higher than in fiscal year 2020. Quarter of 2020, $13.2 billion. $10.7 billion higher than in fiscal year 2020. Provision fund level of $10.3 billion. 2023, provision fund level of $9 billion higher than in fiscal year 2020. trading income after was one or six hundred and quarter of 2023 seven hundred and the fourth quarter of 2023 to demand personal expenses total two percent higher than it In the quarter, 83.79 billion pesos higher. And 29% or 7% in fiscal year 2023, billion pesos in year 2022. 28% increase 7%. In the first quarter, 573 billion pesos, 5 billion pesos in 2023, and 75.3 billion pesos in 2021. Income from interest on loans, 172 billion pesos, 8.5 billion pesos in 2021. falling private sector loan a basis point because when I once increased 73 percent in pesos income from interest on loans and other financing 43 percent higher in the fourth quarter of represented 64% of total income from government, 6%, 6%, or 209, due to the increase, 72% compared with the same period of last year. In 2023, income 1 trillion pesos, 4.2 billion pesos higher. 187% of... It's higher than... Both quarter of... Quarter of 23... 182... Or 109. 2.2. and 92% or 87.5 billion pesos. The FX income gain was due to the Argentine dollar position and dual bonds. The dollar position decreased water. Total pesos, pesos, 312%. In the fourth quarter of 2020, 389.5 billion pesos lower, and 9% or 31.4 billion pesos lower. by a 2,700 interest rate on deposit increase. The IC's interest on deposit increased 7%. The fourth quarter of 2020, 7% of the balance. The fourth quarter of 2020, including effects, than the 58.7% position. And at 32.3% in the quarter of 2022. That's the income total. And what's 5%? That's the same period of last year. Income total 2% higher than in the fiscal year. Of 2023, net income from financial 895.2 billion pesos. Here it is. Here it is. Mainly dual bonds, which represent 2 billion pesos. Net income from financial assets. In the quarter, 5.2 billion pesos increased compared to the third quarter. Early basis, early basis, other operating income increased 11% in 2022. Bank of Macros administered $115,000 2.5 billion. One billion pesos higher than the previous percent and higher than 80%. Administrative expenses plus employee benefits is 1.5 billion. 2023 administrative expenses plus compared to fiscal year. The fourth quarter of 18.6% in public. What of 2023? One year ago. Of 2023. Income. Total. Loss. than the loss posted in the third quarter of 2013, 348.4 billion. Higher inflation was observed in the third quarter of 2013, 53.3% compared to in the third quarter of 2023. a 1.3 trillion pesos loss, 80% in fiscal year 2003, which is 204.8%. Malcolm Hathaway's effective tax rate was 31%. The income tax rate was 32.3%. registered in fiscal year 2022. . Within commercial loans, overdraft . We have 30% in pesos increase. Decreased $28.4 billion in pesos, while creating $38.4 billion in pesos. We'll draft documents and 33% and 48% increase. On the funding side, $290.4 billion, 3% decrease, 16% of year-on-year. 13% of water, $1.3 billion. The increase in private sector which decreased 41% . Transactional account represented approximately Profits at 6.2%. Non-performing total financial ratio. The coverage ratio. Non-performing loans at 200.91%. Non-performing down to 1.33% in the previous quarter. While commercial portfolio numbers from 1.14%. In terms of capitalization, 75 trillion at tier one ratio of 32.2%. This excess capital. Appropriate liquid assets and 18%. Over time, we'll continue to show that the asset quality remains undervalued. We've been working to improve the asset quality. We've been working to improve the asset quality. We've been working to improve the asset quality. We've been working to improve the asset quality. We've been working to improve the asset quality. management and it was on November 3rd. An additional based on the Argentina and it was there to mine at a few days. So under and total 156 financial statements.

At this time... Thank you. We are going to open it up. Please press the touchtone phone. Again, it is star. When called, One moment for the first question. of America. Ernesto.

Thank you, Jorge and Nico. And congrats . Can you talk a little bit about the positions, the valuation, the higher value index, about the valuation in 2024? To see how the value index appreciation positively we think about this question. Did you continue? Then my second question is that macro banks in Argentina had real long growth in 2015. Having said that, driven by commercial loans, continues to be thinking about a long road for this year. For my last question, 23% And it was highly driving on investment. So consider G over G ROE. Thank you. Thank you. The first one. if I'm and the strategy that 2023 forecasting some to switch those ones that are building inflation the higher time that of the was almost the same so portfolio of the end of November and and basically of the and basically those numbers were reflecting that posting part of those dual bonds into bonds of the details because As I mentioned, also the end of November. That was another question. that we are including . So that increase that to you so well explained yes the country was expected we think that we it should be uh 15 15 to 20 percent helpful call himself we should expect our hero is between I think that the area of 2024 is tough to say around 15. If I'm doing this in Excellent. Thank you very much, Jorge.

We have a question from Carlos from HSBC.

Hello, can you hear me? Jorge, please. Hi. The line is pulled up. on a result conditions in which of the year with much lower swap in this first normalize by the end. and margin second if you can give us a bit of your newly acquired asset it out rate it and whether you for sale for sale for you in the coming thank you i couldn't hear each other your first question of this year of course to the spectacular performance we had in the so I think we are behavior of second quarter it will depend the portfolio into those. So I think that not again, not the last word of last year. It's going to happen. The legal merger of Last part of the year, you are consolidating. So, okay. Operationally, in the bank, how... Could you repeat that, please? Over. But. Time. Second. General. Great. It is with. Negative real. What do you. Uh. the environment rate and average cost of funds we are getting on loan is even though they are still the margins there are to consideration that almost close to 0%. So we assume that the funding the better.

Thank you all for your time.

I look forward to speaking with you again.

You may now disconnect.