Grupo Supervielle S.A.

Good morning, everyone, and welcome to the Grupo Supervielle Fourth Quarter 2021 Earnings Call. This is Ana Bartesaghi, lecturer and IRO. A slide presentation will accompany today's webinar, which is available in the Investor section of Grupo Supervielle's Investor Relations website. Today's conference call is being recorded. As a reminder, all participants will be listening only mode. There will be an opportunity for you to ask questions at the end of today's presentation. If you want to ask a question, you will need to be connected to the Zoom platform from any device. We will not be able to take your questions if you are connected from a phone line. Also, please make sure your name and last name appear in the Zoom platform you are using. To ask a question by voice, please press the raise your hand button located in the Zoom platform. and Fred, raise your hand again to withdraw your question. You can also send your questions to the Q&A box in the Zoom platform anytime during the call. We will ask you to limit yourself to one question and a follow-up and then you can raise your hand again to another round. Taking you into this call will be Patricio Supervielle, our Chairman and CEO, and Mariano Biglia, our Chief Financial Officer. Also joining us are Alejandra Stengel, second vice chairman of the board, and Van Thiel, and Jorge Ramirez, first vice chairman of the board. Alejandra Norton, board member of several groups of progressive theorists, will also be joining us for today's call. All will be available for the Q&A session. As a reminder, today's call will contain forward-looking statements which are based on management's current expectations and behaviors. and are subject to a number of risks and challenges, including as a result of the COVID-19 pandemic, and I refer you to a forward-looking statement section of our earnings release and recent filings with ESG. We assume no obligation to update or revise any forward-looking statement to reflect new or changed events or circumstances. Mariano Biglia, our CFO, will start the call Patricio Supervielle, our chairman and CEO, will follow with an update on our midterm potential initiative.

Thank you, Ana. Good morning, everyone.

Thank you for joining us today. Please turn to slide four of our earnings presentation. Economic activity continues to grow above pre-pandemic levels, market conditions, Significant macro and regulatory changes, including high inflation, negative real interest rates, spinning currency, and industry loans at historical lows. Profitability in the quarter was negatively impacted by one-time personal expenses related to headcount deficiencies, together with losses that you do, reflecting inflation and higher loan loss conditions. Central bank regulation and higher taxes also impacted performance. resulted in an attributable net loss of nearly 670 million pesos when we posted break-even profitability when excluding non-recurring personal charges. The iteration of our strategy to capture operating efficiencies has allowed us to reduce personnel expenses. Excluding non-recurring, early recurring charges, our efficiency ratio Thank you very much. and the ESG Front, in line with our goal to more broadly integrate ESG criteria in our strategic planning, we will begin reporting under the SASD framework in our 2021 sustainability report, expanding on our current re-reporting. Containing our commitment to long-term value creation, Patricio will discuss shortly how we are advancing on our value creation strategy In terms of lending, we recovered market share year-on-year, even when our loan book posted a low single-digit contraction remaining at historical lows. The average PEPO loans were at just over 2% year-on-year, compensating the decline in U.S. dollar denomination. Now moving on to funding on slide 6. Equity level remains strong, both in pesos and dollars, with a loan-to-deposit ratio at nearly 56%. Total peso deposit increased 5% sequentially as we continued to expand our share in type deposits for both retail and corporate customers. Total peso deposit, however, was