Banco Sabadell2012 Results

January 24th, 2013

Disclaimer

Banco Sabadell cautions that this presentation may contain forward looking statements with respect to the business. financial condition. results of operations. strategy. plans and objectives of the BancoSabadell Group. While these forward looking statements represent our judgement and future expectations concerning the development of our business. a certain number of risks. uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include. but are not limited to. (1) general market. Macroeconomic. governmental. political and regulatory trends. (2) movements in local and international securities markets. currency exchange rate. and interest rates. (3) competitive pressures. (4) technical developments. (5) changes in the financial position or credit worthiness of our customers. obligors and counterparts. These risk factors could adversely affect our business and financial performance published in our past and future filings and reports. including those with the Spanish Securities and Exchange Commission (Comisión Nacional del Mercado de Valores).

Banco Sabadell is not nor can it be held responsible for the usage. valuations. opinions. expectations or decisions which might be adopted by third parties following the publication of this information.

Financial information by business areas is presented according to GAAP as well as internal BancoSabadell group´s criteria as a result of which each division reflects the true nature of its business. These criteria do not follow any particular regulation and can include forecasts and subjective valuations which could represent substantial differences should another methodology be applied.

The distribution of this presentation in certain jurisdictions may be restricted by law. Recipients of this presentation should inform themselves about and observe such restrictions.

These slides do not constitute or form part of any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe to any securities nor shall they or any one of them form the basis of or be relied on in connection with any contract or commitment whatsoever.

1. 2012 in summary

2. 2012 Results

3. Commercial activity and liquidity

4. Risk and capital management

5. Managing real estate assets

6. Strategic update

Index

22

1. 2012 in summary

33

2012 in summary

Integration of BancoCAM

Sabadell becomes Spain’s fourth largest private financial entity

Highlights Actions / results

OW stress test Confirms solvency of BancoSabadell

44

2012 in summary

Strengthened core capital Core capital stands at a solid 10.4%, following capital raisings of €3.1bn in 2012

Highlights Actions / results

Continued efforts in provisions

Extraordinary income generation used to improve provisions buffer

€2.5bn of total provisions booked

55

2012 in summary

Satisfactory income generation

Improvement in pre-provision profit due to active price management and record level customer acquisition

Highlights Actions / results

Substantial increase in liquidity position

Strong growth in deposits, by leveraging existing commercial platform, and active asset & liability management

Commercial gap improvement of €15.5bn in 2012

66

2. 2012 Results

77

2012 Results

*

88* Includes seven months of Banco CAM.Euros in million

2011 2012% var 12/11

Net Interest Income 1,537.3 1,868.0 21.5%

Equity Method & Dividends 46.4 -1.9 ---Commissions 573.6 628.7 9.6%Trading Income & Forex 341.2 606.1 77.6%Other Operating Results 8.2 -142.5 ---Gross Operating Income 2,506.7 2,958.4 18.0%

Personnel Costs -742.6 -996.5 34.2%Administrative Costs -402.5 -515.1 28.0%Depreciations -130.9 -156.9 19.9%Pre-provisions Income 1,230.7 1,289.9 4.8%

Total Provisions & Impairments -1,048.9 -2,540.6 ---Gains on sale of assets 5.7 15.4 ---Badwill --- 933.3 ---Profit before taxes 187.5 -302.0 ---Taxes and others 44.4 383.9 ---

Attributable Net Profit 231.9 81.9 -64.7%

NII evolution dynamics …

Net interest income 2012:+21.5% YoY

2011 2012

1,537.3

1,868.0

1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12

379.1 385.4 388.6 384.1407.3

447.0517.4 496.3**

* Like-for-like, adjusting Banco CAM to Banco Sabadell criteria following integration.

99

Net interest income evolutionEuros in million

517.4

14.5 1.35.3

496.3

NII analysis YoYEuros in million

3Q12

Dep

osit

spre

ads

Rep

laci

ng

who

lesa

le

fund

ing

with

de

posi

ts

Oth

ers

4Q12

* *

1010

… reflect efforts to improve the commercial gap …

* Like-for-like, adjusting Banco CAM to Banco Sabadell criteria following integration.

… and active price management

Total volume of re-priced assets in the quarter: €18. 2bn* December 2012 refers to Banco Sabadell group

*

1111

Credit portfolio spreads, Banco Sabadell stand aloneBasis points

Product Dec-11 Sep-12 Dec-12 Var QoQ Var YoY Dec-11 Sep-12 Dec-12 Var QoQ Var YoY

Credits 361 417 410 -7 +49 262 334 369 +35 +107Loans 329 394 385 -8 +56 210 227 238 +11 +28Mortgages to individuals 123 176 179 +3 +56 81 87 89 +2 +8Leasing 216 249 249 -0 +33 119 132 139 +7 +20Renting 462 643 701 +58 +239 321 396 417 +20 +96Commercial loans 341 473 485 +12 +144 355 482 501 +19 +146Confirming 252 333 397 +64 +145 243 317 371 +54 +128Forfaiting 365 631 496 -135 +131 317 592 526 -66 +209Total loans 285 372 374 +2 +89 173 196 207 +10 +34

Term deposit 1 month 95 120 177 +57 +82 75 137 143 +6 +67Term deposit 3 months 142 183 247 +64 +105 105 183 165 -18 +60Term deposit 6 months 148 219 277 +58 +129 106 192 263 +71 +157Term deposit 12 months 157 252 316 +64 +159 132 191 257 +66 +125Term deposit +12 months 223 225 331 +106 +108 191 192 261 +69 +70Total term deposits 147 221 295 +74 +148 149 189 256 +67 +107

Front book spreads Back book spreads

Limited impact on the cost of customer funds …

5.93% 6.06% 6.28% 6.29%

5.56%

4.93%

4.21%3.79%

3.53% 3.49% 3.50% 3.65% 3.86% 3.99% 4.12% 4.22% 4.28% 4.16% 4.05% 4.02%

3.13% 3.22%3.47% 3.48%

2.83%

2.21%1.70%

2.11% 2.12% 2.00% 2.03% 2.09%2.06%2.00%1.97%1.85%

1.59%1.44%1.36%1.48%

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12

Customer loan yield Cost of customer funds

1212

Customer loan yield and cost of customer fundsIn percentage

1.42%

1.80% 1.83%1.79%1.85%

1.98%2.06%

1.95%1.86%

1.78%1.81%

1.65%

1.21%1.28%

1.75%

1.47%1.60%1.62% 1.60% 1.56% 1.61%1.65%

1.84%

2.05%

1.75%

2.12%

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12

Net interest margin Net interest margin excl. APS Margen de intereses s/ATM ex DGA

… with margins reflecting a low interest rate environment

1.93%

2.80%2.84%2.81%2.81%2.73%2.72%

2.52%

2.31%2.17%

2.05% 1.99%2.06%2.11%2.16%2.16%

2.02%

2.39%

1.91% 1.89%1.80%

2.33%2.46%

2,52%2,38%

2.60%

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12

Customer spread Customer spread excl. APS Customer spread excl. AMD

1313

Margin evolutionIn percentage

Note: APS, Asset Protection Scheme. AMD, Asset Management Division ,

Net interest margin excl. AMD

Commissions levels are showing an improving performance

2011 2012

573.6628.7

30.9 31.7 27.9 29.1 24.8 26.6

45.8 45.4 46.4 49.0 48.254.7

59.1 63.5 61.4 57.4

8.7

26.1 25.2

47.5 55.8

.9,9

83.6

73.6

94.0

14.012.1

1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12

Commission income 2012:+9.6% YoY

135.7

152.6

135.7149.5

133.5

155.3164.6

175.3

1414

Asset Mgmt1 ServicesLending

Commissions from fixed income issues1 Including mutual funds commissions and pension funds and non-life insurance brokerage

Commissions evolutionEuros in million

Reduction in personnel expenses …

179.0 176.0 179.6 179.0 182.2

221.5

292.2 281.2

13.1 2.8 4.2 9.0 5.8

5.8

2.0 5.9

1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12

Recurrent Non-recurrent

Personnel expenses 2012:+34.2% YoY

192.1 178.7 183.8 188.0 188.0 Recurrent personnel expenses 2012*:

-3.9% YoY

227.2

294.2 287.1

1515

Personnel expenses evolutionEuros in million

* Including Lydian Bank and Banco CAM in 2011 and excluding non-recurrent expenses.

92.3 92.5 101.4 107.293.8

113.1

151.9 153.1

2.9

0.9

1.9

0.46.2

1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12

General expenses 2012:+28% YoY

Non-recurrent

92.5

101.4110.1

94.2 Recurrent general expenses 2012*:

-9.3% YoY

115.1

Recurrent

154.0

98.5

151.9

1616

General expenses evolutionEuros in million

* Including Lydian Bank and Banco CAM in 2011 and excluding non-recurrent expenses.

… as well as in general expenses on a like-for-like basis

� Achievement of cost synergies has been brought forward as the integration process is running ahead of forecast

Euros in million and before taxes. Including personnel and general expenses* Executed

Cost synergies 2012 2013e 2014e

Original plan (€M) -19 -237 -316Revised plan (€M) -81 -264 -320

Original plan (%) 6% 75% 100%Revised plan (%) 26% 84% 100%

*

*

1717

Execution of synergies ahead of schedule

49.7%47.0%

49.7%51.1%

45.7%

40.8%

47.6%47.3%

1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q121Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12

Optimising the network

10,777

1,467

Branches Employees

10,721

1,467

10,610

1,379

10,699

1,387

SUB acquisition B.Guipuzcoano

Acquisition

Lydian P. Bank

Acquisition

9,839 9,746

9.701

1,221 1,223 1,2221,383

10,675 10,550

1,382

2,202

16,754

Banco CAMAcquisition

16,413

2,204

1,898

14,961*

* As of January 2013. The number as of December 2012 was 15,5961818

Employee and branch evolutionIn number

Cost income evolutionin %

3. Commercial activityand liquidity

1919

Growing the customer base …

Note: Banco Sabadell stand alone

8,000 new customers per

week

2020

Remarkable success in customer gathering

Dec. 11 Dec. 12 % Var.

Individuals 286,560 338,830 18.2%

Companies 55,536 72,981 31.4%

Evolution of total number of customers

Dec. 11 Dec. 12 % Var.

Total 2,690,420 2,998,219 11.4%

Banco Sabadell stand alone

Dec. 12

5,502,584

Banco Sabadell & Banco CAM

… with c. 11% organic growth in customer funds

Customer funds evolutionEuros in million

8 0 ,17975,0 5875,4 2 0

53 ,4 4 653 ,3 54

Dec-11 M ar-12 Jun-12 Sep-12 Dec-12

Organic growth 2012:

€5.9bn Non-organic growth 2012:

€20.9bn

Organic growth: c.11%

Positive impact from flight-to-quality

2121

Gathering new customers in the Valencia, Murcia and Alicante area

SabadellCAM new customers campaignNumber of new clients and new money in million euros, accumulated Sep-Nov 2012

New customers:

7,335New money:

€1,286 million

SabadellCAM new customers campaign results, Sep-Nov 2012

2222

0

2,000

4,000

6,000

8,000

10,000

Sep-12 Sep-12 Oct-12 Nov-120

300

600

900

1,200

1,500

New customers New money (RHS)

SabadellCAM branches rapidly converge with the rest of the group

Home insurance campaignIn number of policies Sep-Nov 2012

Sales target

Sold policies

Excellent results in recent campaigns, with up to 1 2,508 policies sold (+115% of the target)

Employees achieve Banco Sabadell’s know-how faster tha n expected – we confirm our delivery targets

2323

Life insurance campaignIn number of policies Sep-Nov 2012

6,792 6,460

4,079

6,048

Sales target

Sold policies

-2,000

0

2,000

4,000

6,000

8,000

10,000

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12

2012: €15,452 M

2424

Commercial gap improvement continues …

Customer funds and loans evolution Euros in million

Dec-11 Sep-12 Dec-12% Var.

YoY

On-balance sheet customer funds 53,354 75,058 80,179 50.3%Other on-balance sheet term funds1

34,614 47,774 53,095 53.4%Sight deposits 18,740 27,284 27,085 44.5%

Off-balance sheet funds 17,942 20,868 20,659 15.1%Mutual funds 8,024 8,561 8,585 7.0%Pension funds 2,858 3,576 3,709 29.8%Third party insurance products 5,926 7,699 7,313 23.4%

Total funds 71,296 95,926 100,838 41.4%

Gross loans to customers ex repos and adjustments 73,540 119,368 115,458 57.0%

Change in commercial gap Euros in million

1 Other on-balance sheet term funds include term deposits and other funds placed in the retail network: preference shares, mandatory convertible bonds, senior debt, commercial paper and other. Excludes repos. Note: In 2012, changes in commercial funding cap include adjustments for capital increase.2012 numbers include Banco CAM

Commercial GAP evolutionEuros in million

Commercial GAP and RE sales 2013e

Commercial GAP improvement driven by

deleveraging and flight-to-quality

LTD ratio

815 1,322

5,8113,439

11,120

15,452

-2,682

2007 2008 2009 2010 2011 2012 2013e

€12,620M

Decrease in gross loans

Increase in customer funds

APS reduction

Real estate sales

144.0%146.7%

168.3%182.1%

174.8%

137.8%132.7%

119.8%125.8%

2007 2008 2009 2010 2011 2012 2013e

Ex. APS

Banco CAM acquisition

*

* Includes adjustments for capital increase

… driven by deleveraging …

**

** including Real Estate sales of €1,500 million

2525

2626

Repos2.8%

Retail issues4.3%Prefs

0.2%

Wholesale funding23.3%

ICO financing4.8%

Deposits64.7%

Group funding structure Group wholesale funding breakdown

… maintaining a balanced funding structure …

Covered bonds62.8%

Senior debt2.9%

Prefs + Subordinated

4.0%

ECP2.9%

Securitisation19.7%

GGB7.7%

3,6253.625 4.027

2.805 3.150 3.065

581 796

2.744

11.516

-

2.000

4.000

6.000

8.000

10.000

12.000

14.000

2012 2013 2014 2015 2016 2017 2018 2019 >2020

11,516

… and efficiently managing liquidity

Group wholesale funding maturities (BS+CAM) Euros in million

2012 maturities: 3x next years’ averages

0

2727

Maturity by product type (BS+CAM) Euros in million

Outst. Amount 2013 2014 2015 2016 2017 2018 2019 >2020Covered bonds (CH) 16,726 3,095 2,951 2,805 2,577 1,907 463 796 2,132Senior debt 662 380 0 0 157 0 100 0 25GGB 2,072 0 1,006 0 0 1,066 0 0 0Preference and Subordinated 1,076 0 0 0 416 92 0 0 569Covered bonds (CT) 150 150 0 0 0 0 0 0 0Other mid- and long-term financial instruments 106 0 70 0 0 0 18 0 18TOTAL 20,792 3,625 4,027 2,805 3,150 3,065 581 796 2,744

4,027

2,805 3,1502,7443,0653,625

581 796

4. Risk and capital management

2828

NPL ratio withheld and highly provisioned

2929

14% coverage of total exposure, including loans and foreclosed real estate assets

NPL ratio BS

NPL ratio Spanish averageNPL ratio BS+Banco CAM ex-APS

9.33

7.41

11.38

NPL ratios 2012In percentage

80 166 205

NPL ratio difference vs. Spanish average In basis points

The difference vs. the Spanish average has multiplied by 2.6x

over the last two years

2010 2011 2012

Provisions and coverageEuros in million and in percentage

Total provisions

Provided through the APS (% of total)

Total

17,590

25%

75%Banco Sabadell built up provisions(% of total)

Loans

12,908

Real Estate

4,682

Deceleration of problematic assets

NPL entries and Real Estate foreclosures, ex-APSEuros in million. Annual data

Even taking into account the change in perimeter3030

2,516

2,745

2,884

2,300

2,400

2,500

2,600

2,700

2,800

2,900

3,000

2010 2011 2012

+229

+139

A 40% reduction in the pace of new

entries of problematic assets

in 2012 vs 2011

-40%

Strong core capital level

10.4%10.2%10.3%

9.3%

Jun. 11 Dec. 11 Jun. 12 Dec. 12

1 2

3131

� Banco Sabadell preference shares exchange in January

� €785M

� Rights issue in March

� €903M

� Banco CAM preference share exchange for ordinary shares in June/July

� €1,404M

Capital actions in 2012 totals €3.1bn

Core capital evolutionIn %

1 Ratio pro-forma including Banco Sabadell preference share exchange carried out between December 14, 2011 and January 3, 2012.

2 Ratio pro-forma including Banco CAM preference share exchange for ordinary shares.

3232

5. Managing Real Estate assets

582 9082,286

5,4701,980

6,021

4,0154,824

2010 2011 2012

More than €2,200 million real estate sales …

Sales evolution (on balance sheet and funded assets ) Euros in million and units

Gross book value

Number of unitsValue (€m)

229527 626

862

268

746

800

619

2010 2011 2012

1,414

�Beating the 2012 sales target

2,234

1,029

13,777

6,903

5,406

+1.6x +2.0x

BS – Funded RE assets

CAM

BS – On balance sheet RE

3333

295,535336,824

359,824

439,591

2010 2011 2011 2012

… with results beating the market …

Number of transactionsIn units

Market (INE) Banco Sabadell

13,777

6,9035,406

2010 2011 2012

� Significant sales increase in a market contraction environment …

� … while reducing our real estate exposure

January - November

+2.0x

-18.2%

-12.3%

1

1 Banco Sabadell data: Includes CAM in 2011 and 2012. Source: INE, National Institute of Statistics

3434

… and maintaining high targets for 2013e

Group sales target(on balance sheet and funded assets) Euros in million

� Strong sales in the branch network

� Adequate commercial campaigns

� Asset Management Division platform with 800 people

2,600

2,234

2012 2013e

3535

6. Strategic Update

3636

Focus 2013

� Capable of undertaking some corporative movement within the process of banking restructuring in appropriate economic conditions and with risks sufficiently covered

Profitability

M&A

� Continue with delivery of synergies (B.CAM y Penedés)

� Exploit competitive landscape of deposits

� Streamline lower yielding businesses

� Narrow the existing gap in fees between Sabadell and B. CAM

3737

M&A update

Banco CAM

BMN� Expected closing June 2013

� Banco Sabadell successfully culminates the operational and technological integration of Banco CAM

� 84% of the synergies to be delivered in 2013

� 94% of the branch closures required by the European Commission and 72% of the employees redundancies already done, which will be finalised in 2013, with 635 additional redundancies

3838

Guidance 2014e

�Expenses below €1,600M

�Normalised cost of risk: c.50bps

�Loan-to-deposit ratio: 115%

�High single digit ROE

3939

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