09-02-2023

Results, fourth quarter and full-year 2022

Credit Agricole Group

Financial Results

Historic Q4 and full-year 2022 results, MTP targets met

Results, fourth quarter and full-year 2022

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Historic Q4 and full-year 2022 results, MTP targets met

GCA AND CASA STATED AND UNDERLYING DATA 2022

CRÉDIT AGRICOLE S.A.

CRÉDIT AGRICOLE GROUP

Stated

Underlying

Stated

Underlying

Revenues

€23,801m

+5.5% 12M/12M

€23,733m

+4.8% 12M/12M

€38,162m

+3.6% 12M/12M

€37,682m

+2.6% 12M/12M

Costs excl. SRF

-€13,932m

+3.7% 12M/12M

-€13,822m

+5.7% 12M/12M

-€23,650m

+4.6% 12M/12M

-€23,476m

+5.5% 12M/12M

GOI

€9,222m

+4.4% 12M/12M

€9,264m

+2.4% 9M/9M

€13,709m

-0.2% 12M/12M

€13,403m

-3.0% 12M/12M

Cost of risk

-€1,746m

+10.8% 12M/12M

-€1,551m

+25.9% 12M/12M

-€2,893m

+31.9% 12M/12M

-€2,698m

+45.9% 12M/12M

Net income Group share

€5,437m

-7.0% 12M/12M

€5,468m

+1.3% 12M/12M

€8,144m

-10.5% 12M/12M

€7,909m

-7.1% 12M/12M

C/I ratio (excl. SRF)

58.5%

-0.7 pp 12M/12M

58.2%

+0.5 pp 12M/12M

65.3%

+1.0 pp 12M/12M

64.0%

+2.1 pp 12M/12M

STRONG PERFORMANCE

1.9 million new customers in 2022 (net customer capture 382,000) in France, Italy and Poland
RB, LCL and CA Italia loan production up +5.8% in 2022 (of which +0.4% for home loans and +15.6% for professionals/corporates)

HISTORIC Q4 RESULTS

Record Q4 net income for CASA (+€1.5bn, +6.7% Q4/Q4)
Strong revenue growth (+4.4% Q4/Q4) driven by all business lines

ALL MTP 2022 PROFITABILITY TARGETS EXCEEDED THIS YEAR

Income €5.5 billion, up +1.3% vs a record 2021, despite higher risk costs
58.2% cost/income ratio, positive business-line jaws over the year despite inflation
12.6% RoTE, above the MTP target

DIVIDEND €1.05 PER SHARE

50% pay-out in cash, plus €0.20/share related to the 2019 dividend

CONTINUATION OF STRATEGIC OPERATIONS IN 2022

Announcement of partnerships/acquisitions CACF/Stellantis, CACEIS/RBC, Banco BPM/CAA
Presentation of the MTP “2025 Ambitions” and of Net Zero targets in financing, insurance and asset management

SOLID BALANCE SHEET, CET1 ON TARGET DESPITE THE RISE IN RATES

CRÉDIT AGRICOLE S.A.

CRÉDIT AGRICOLE GROUP

Phased-in CET1

11.2%

+20 bp Dec/Sept

17.6%

+40 bp Dec/Sept

+3.3 pp > SREP

+8.7 pp > SREP

Dividend of €1.05 per share

€19.9bn CAG loan loss reserves

83% coverage ratio

Dominique Lefebvre,

Chairman of SAS Rue La Boétie and Chairman of the Crédit Agricole S.A. Board of Directors

“Our up-to-date model, based on universality and utility, stands out through its capacity to meet the needs of all our customers, to contribute significantly to the financing of the real economy, and to support to societal transitions.”

Philippe Brassac,

Chief Executive Officer of Crédit Agricole S.A.

"Strong and solid results, in a context of shocks and adaptation. They confirm the relevance of the Universal Customer-focused banking model, geared towards providing comprehensive answers to customers, adapted and faithful to their needs”

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