Societe Generale: Présentation investisseurs dette T3-2026 (disponible en anglais uniquement)

Societe Generale Presentation to debt investors

Third quarter and nine-month 2026 results

INCOME STATEMENT

BALANCE SHEET AND CAPITAL

9M 26 RESULTS:

ON TRACK TO EXCEED 2026 TARGETS

NBI growth

+4.1%(3) vs. 9M 25

Cost reduction

-3.2%(4) vs. 9M 25

C/I ratio

58.8%

2026 Target

>+2%

2026 Target

~-4%

2026 Target

<60%

(1) Share buy-back, (2) Based on an ordinary distribution pay-out ratio of 50% of the 9M 26 Group net income restated for non-cash items and after deduction of interest on deeply subordinated notes and undated subordinated notes, pro forma including Q3 26 results, (3) NBI growth of +6.3% vs. 9M 25 at constant perimeter and exchange rates, (4) Costs down -1.5% vs. 9M 25 at constant perimeter and exchange rates

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 3

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 4

• Strong revenue growth of +7.8% vs. Q3 25,

  +8.4% at constant perimeter and exchange rates

• Strong positive jaws with a slight cost increase, up +0.8% vs. Q3 25,

  +1.1% at constant perimeter and exchange rates

• Improved operating leverage

  with a C/I ratio of 57.1% in Q3 26 vs. 61.0% in Q3 25

• Cost of risk at 28bps in Q3 26, within 2026 guidance

• Increased profitability

with a ROTE of 13.0% in Q3 26 vs. 10.7% in Q3 25

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 5

• Group revenues +7.8% vs. Q3 25 and

+8.4% at constant perimeter and exchange rates

Q3 26 REVENUES (EURm)

+7.8%

• French Retail, Private Banking and Insurance

+10.9% vs. Q3 25, mainly driven by NII (+12.7%)

+308 -86 +94 7,173

6,655

-48

+250

• Mobility, International Retail Banking and Financial Services -6.7% vs. Q3 25 and

-4.3% at constant perimeter and exchange rates

• Global Banking and Investor Solutions

+12.5% vs. Q3 25 and +11.8% at constant perimeter and exchange rates

Disposals

RPBI(1)

GBIS(2)

MIBS(3)

Corporate Centre

• Corporate Centre revenues of EUR 10m in Q3 26 vs. EUR -83m in Q3 25

(1) French Retail, Private Banking and Insurance, (2) Global Banking and Investor Solutions, (3) Mobility, International Retail Banking and Financial Services

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 6

57.1% 58.8%

Q3 25

Disposals

CTA(1)

GBIS

Other

Q3 26

RPBI

GBIS

MIBS

Group

9M 26 2026

Target

• Costs up +0.8% vs. Q3 25, driven by increased variable compensation

• All pillars within their end-of-year targets

• Costs down -1.7% excluding disposals and cost increase related to GBIS

• On track to achieve the 2026 C/I ratio target <60%

-31

Q3 26 OPERATING EXPENSES (EURm)

Q3 26 C/I RATIO BY BUSINESS (%)

+0.8%

Q3 25 Q3 26

4,060

-20

-39

+123

50.8% 51.8%

4,093

65.7%

56.1%

60.0%

57.4%

61.0%

<60%

(1) Cost to achieve (transformation charges)

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 7

TOTAL S1/S2 PROVISIONS(2) (in EURm)

S2 coverage ratio (%)(3)

Stage 2

Stage 1

COST OF RISK(1)

& Investor Solutions

Banking and Financial Services

In EURm

369

(26bps)

Stage 3

390

(27bps)

405

408

( s)

28bp

Stage 1 / Stage 2

-68

Q3 25

-15

Q2 26

-80

Q3 26

NON-PERFORMING LOAN RATIO(4)

2.77%

2.70%

2.75%

Net coverage ratio(5):

~81% at end-Q3 26

(vs. ~83% at end of Q2 26)

Q3 25 Q2 26 Q3 26

(1) Based on gross loans outstanding at the beginning of period (annualised), (2) On and off-balance sheet provision outstandings. Quarterly variation of provisions for S1/S2 different from P&L impact, mainly due to IFRS 5 application and FX impact, (3) Ratio calculated only on on-balance sheet outstanding, (4) Ratio calculated according to EBA methodology published on 16 July 2019, and excluding loans outstanding of companies currently being disposed of in compliance with IFRS 5, (5) Ratio of the sum of S3 provisions, guarantees and collaterals over gross outstanding non-performing loans

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 8

(1) Requirements as at 30 September 2026, (2) Based on CRR3/CRD6 rules, including Basel IV phasing,

(3) Including counter cyclical buffer (85 bps as of 30.09.26), (4) On average over the period

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 9

RISK-WEIGHTED ASSETS (in EURbn)

388

406

405

Q3 25

Q2 26

Q3 26

CHANGE IN CET1 RATIO(1) (in bps)

+21bps

+9bps

-3bps

13.4%

13.2%

+46bps earnings

-25bps distribution

Q2 26

Earnings net of

distribution(2)

GESOP(3)

Other

Q3 26

~320bps(4) over MDA at end-Q3 26

MAIN REGULATORY RATIOS

CET1

Leverage ratio TLAC

MREL

Requirements Ratios(1)

10.26% 13.4%

3.60% 4.5%

22.38% 30.1%

27.46% 32.6%

(1) Including Basel IV phasing, (2) Based on an ordinary distribution payout ratio of 50% of the Q3 26 Group net income, restated for non-cash items and after deduction of interest on deeply subordinated notes and undated subordinated notes, pro forma including Q3 26 results, (3) Group Employee Share Ownership Programme, (4) The European Central Bank notified Societe Generale group of the level of its regulatory requirements which will apply from 1 January 2027. Following this notification, Societe Generale group benefits from a comfortable pro forma buffer of approximately 300 basis points

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 10

% RWA EUR bn % Leverage % RWA EUR bn % Leverage

30.1%

EUR 122bn

SP SNP

T2 ⁽¹⁾ AT1 CET1

EUR 122bn

6.75%

8.2%

27.46%

32.6%

2.4%

11.5%

2.2%

3.0%

EUR 132bn

10

47

9

12

SP SNP

T2 ⁽¹⁾ AT1 CET1

EUR 122bn

6.01%

8.8%

13.4%

55

Req. 2026 30/09/2026 30/09/2026

Req. 2026 30/09/2026

Req. 2026 30/09/2026 30/09/2026

Req. 2026 30/09/2026

• Societe Generale has chosen to waive the possibility offered by Article 72b(3) of the CRR to use Senior Preferred debt for compliance with its TLAC requirement

• MREL ratio well above requirements without recourse to Senior Preferred debt (thanks to EUR 122bn of junior debt)

  NB: including Basel IV phasing

  1. Tier 2 capital computed for TLAC / MREL differ from Tier 2 capital for total capital ratio due to TLAC / MREL eligibility rules

     Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 11

     Liquidity profile and deposit base

     EUR

     647bn

     • Highly diversified and granular deposit base,

       largely composed of retail and commercial deposits

     • Strong client deposit base

     • Loan / Deposit ratio at 74% at end-Q3 26

     10%

     3%

     7%

     Customer loans⁽⁵⁾

     476

     481

     10%

     72 72

     3 0 . 0 6 . 2 6 3 0 . 0 9 . 2 6

     265

     3 0 . 0 6 . 2 6

     257

     Long term debt & equity

     5% 7%

     Long term assets

     3 0 . 0 9 . 2 6

     French Retail Banking Private Banking

     Mobility, International Retail Banking & Financial Services Global Transaction & Payments Services

     Securities Services Wholesale Corporate deposits

     Central Banks, Supranational & Finance Ministries

     Fiduciary deposits

     ASSETS

     LIABILITIES

     • Liquidity reserves at EUR 358bn. LCR at 145% end of period, in line with steering targets

     • Excess of long-term resources, NSFR at 118% end of period

     • 2026 long-term funding programme completed

     982

     78 Short term wholesale funding

     ROBUST BALANCE SHEET(1)

     DIVERSIFIED DEPOSIT BASE

     Funded balance sheet(2) in EURbn at end-Q3 26

     At end-Q3 26

     Net deposits in central banks

     HQLA⁽³⁾ Interbank loans

     Other⁽⁴⁾

     970

     122

     982

     138

     970

     79

     42%

     182

     47

     70

     189

     3

     %

     15%

     47

     55

     626

     647 Client deposits

     (1) Items restated in application of IFRS 5 regarding the ongoing disposals have been netted in "Other assets", (2) Economic view, see Supplement (methodology), (3) Market value, (4) Including ~EUR 14bn HQLA securities encumbered to cover local stress tests, (5) Customer loans include unencumbered assets eligible to ECB refinancing policy

     Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 12

     Solid funding structure

     647

475

476

481

154

121

144

119

135

Q3 25

Q4 25

Customer loans

Q1 26

Q2 26

Customer deposits

Q3 26

L/D

Q3 25

Q4 25

Q1 26

Q2 26

Central Bank Eligible Assets(1)

High-Quality Liquid Asset Securities(2)

Q3 26

Central Bank Deposits(2)

• Loan to deposit ratio of 74%

• High-quality asset buffers

• Comfortable LCR at 149% on average in Q3 26

• NSFR at 118% above regulatory requirements

• High quality of the liquidity reserve: EUR 135bn of Central Bank deposits at end Q3 26

• HQLA securities (EUR 171bn net of haircuts) mostly composed of highly rated sovereign debt which are hedged against interest rate risk

358

52

ROBUST BALANCE SHEET

Loan to Deposit Ratio

LIQUID ASSET BUFFER OF EUR 358BN AT END-Q3 26

Liquid Asset Buffer (in EURbn)

75%

77%

76%

76%

74%

328

46

318

55

334

54

339

53

466

127

136

166

171

604

605

626

626

142

455

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 13

2026 VANILLA LONG-TERM FUNDING PROGRAM FULLY COMPLETED

• 2026 long-term vanilla funding programme fully completed with ~EUR 16bn of vanilla notes issued

(incl. ~EUR 3.1bn of pre-funding raised in 2025)

MAIN RECENT TRANSACTIONS

Societe Generale

September-26

Additional Tier 1 PerpNC7

USD 1.5bn 8.000% PerpNC33

Societe Generale

July-26

Senior Preferred 2Y

EUR 1.25bn FRN Jul-28

Senior Preferred 5Y

EUR 750m 3.375% Jul-31

Societe Generale

July-26

Senior Non-Preferred 7NC6

CHF 205m 1.3725% Jul-33NC32

Societe Generale

June-26

Senior Non-Preferred 6NC5 AUD 400m FRN Jun-32NC31 AUD 250m 5.875% Jun-32NC31

Societe Generale

June-26

Senior Non-Preferred 8NC7

USD 1bn 5.400% Aug-34NC33

Senior Non-Preferred 3NC2

USD 1.25bn 4.857% Jul-29NC28

MAIN ISSUANCES FROM SUBSIDIARIES IN 2026

Ayvens

May-26

Green Senior Preferred 6Y

EUR 500m 3.5% Jun-32

Komercni Banka

April-26

Covered Bond 5.5Y

EUR 750m 3.250% Oct-31

Ayvens

April-26

Green Senior Preferred 3Y

EUR 750m 3.375% Avr-29

Ayvens

January-26

Green Senior Preferred 4Y

EUR 750m 3.000% Apr-30

*As of 12 October 2026 and including EUR 3.1bn of pre-funding raised in 2025

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 14

* At constant perimeter and exchange rates

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 15

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 16

• Revenues +10.9% vs. Q3 25

  NII +12.7% vs. Q3 25

  Fees +8.3% vs. Q3 25

• Operating expenses -5.1% vs. Q3 25

• Cost of risk at 33bps in Q3 26

• Cost / income ratio at 56.1% in Q3 26

• RONE at 14.6% in Q3 26

*At constant perimeter and exchange rates

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 17

-2% / -1% vs. Q3 25

+10% vs. Q3 25

+9% vs. Q3 25

221

219

219

Deposits

Sight deposits Other deposits

Loans

Corporates & professionals

Individuals

135

145

150

153

167

167

57%

59%

Unit-linked Euro Funds

Q3 25 Q2 26 Q3 26

Q3 25 Q2 26 Q3 26

Q3 25 Q2 26 Q3 26

• Loans outstanding stable vs. Q2 26, growth in home loans vs. Q2 26

• Deposits outstanding stable vs. Q2 26

• Net inflows of EUR 1bn in Q3 26

• Record high AuM of EUR 150bn in Q3 26,

  +10% vs. Q3 25

• Life insurance net inflows of EUR 1.5bn in Q3 26, negative market effect on outstandings in Q3 26

• High savings life insurance outstandings of EUR 167bn in Q3 26, +9% vs. Q3 25

  1. Includes French and international activities

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 18

Q2 26

42%

280

61%

58%

58%

Q3 25

Q2 26

Q3 26

Q3 25

Q3 26

Q3 25

Q2 26

Q3 26

Q3 25

Q2 26

Q3 26

• AuA(1) of EUR 86bn in Q3 26, +13% vs. Q3 25, deposits +7% vs. Q3 25

• Savings life insurance outstandings at EUR 16bn in Q3 26, +17% vs. Q3 25, with a high proportion in unit-linked products at 51%

• 3.4m market orders in Q3 26, +20% vs. Q3 25

• Total number of clients of 9.4m in Q3 26, new client onboarding

  +12% vs. Q3 25

• Low churn rate of <4%

• Best banking app in France(3)

84

COMMERCIAL ACTIVITY

CLIENT ACQUISITION AND CUSTOMER SATISFACTION

Loans outstanding (in EURbn)

+7% vs. Q3 25

AuA(1) outstanding (in EURbn)

+13% vs. Q3 25

Total clients (in m)

+14% vs. Q3 25

New client onboarding in Q3 26 (in '000)

446k

16.9

17.8

18.0

42%

86

9.4

8.3

9.1

397

446

Financial savings(2)

Deposits

76

39%

(1) Assets under Administration representing the sum of financial savings and deposits, (2) Life Insurance, Mutual Funds and Securities,

(3) SIA partners, September 2026

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 19

• Revenues +12.5% vs. Q3 25

  GMIS(1) revenues +17.0% vs. Q3 25

  F&A(2) revenues +4.2% vs. Q3 25

• Operating expenses +7.6% vs. Q3 25

• Cost of risk at 11bps in Q3 26

• Cost / income ratio at 57.4% in Q3 26

• RONE at 19.8% in Q3 26

*At constant perimeter and exchange rates

(1) Global Markets and Investor Services, (2) Financing and Advisory

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 20

9M 26

9M 25

9M 24

Q3 26

Q3 25

Q3 24

SECURITIES SERVICES

• Revenues +9.1% vs. Q3 25

• Strong commercial activity and deposit growth across key markets

3,337

2,847

2,745

824

882

1,202

Equities

FIXED INCOME AND CURRENCIES (FIC)

• Revenues -20.6% vs. Q3 25

• Lower activity in Rates

FIC

597

1,819

531

1,910

1,590

474

1,421

1,414

4,927

4,756

4,563

1,676

GLOBAL MARKETS

• Revenues +18.0% vs. Q3 25

  EQUITIES

  • Record quarter, revenues +45.9% vs. Q3 25

  • Very strong momentum across all activities and all regions

9M 26 Global Markets revenues (in EURm)

+3.6% vs. 9M 25

Q3 26 Global Markets revenues (in EURm)

+18.0% vs. Q3 25

GLOBAL MARKETS AND INVESTOR SERVICES

• Revenues +17.0% vs. Q3 25

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 21

9M 26

9M 25

9M 24

Q3 26

Q3 25

Q3 24

GLOBAL TRANSACTION AND PAYMENT SERVICES

• Revenues +8.8% vs. Q3 25

• Strong commercial activity with fees and deposit growth in most key markets

882

846

2,614

919

• Revenues +2.5% vs. Q3 25 driven by core franchises

• Continued growth in structured finance, driven by strong origination and robust client activity across key sectors

2,783

2,750

GLOBAL BANKING AND ADVISORY

9M 26 F&A revenues (in EURm)

+1.2% vs. 9M 25

Q3 26 F&A revenues (in EURm)

+4.2% vs. Q3 25

FINANCING AND ADVISORY

• Revenues +4.2% vs. Q3 25

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 22

• Revenues -4.3% vs. Q3 25 at constant perimeter and FX

  IRB(1) revenues +1.0% vs. Q3 25 at constant perimeter and FX M&FS(2) revenues -8.5% vs. Q3 25 at constant perimeter and FX

• Operating expenses -2.6% vs. Q3 25 at constant perimeter and FX

• Cost of risk at 47bps in Q3 26

• Cost / income ratio at 51.8% in Q3 26

• RONE at 12.9% in Q3 26

*At constant perimeter and exchange rates

(1) International Retail Banking, (2) Mobility and Financial Services

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 23

Revenues up +4%* vs. Q3 25

Revenues up +2%* vs. Q3 25

Revenues stable* vs. Q3 25

Q3 26

11.1

11.4

13.5

13.8

13.7

Deposits Deposits Deposits

Loans Loans Loans

Q3 25

Q2 26

38.4

Q3 25

Q2 26

Q3 26

Q3 25

Q2 26

Q3 26

• Solid loan and deposit momentum both in individual and corporate clients

• NII and fee income growth driven by strong commercial activity

• Robust loan growth across client segments,  Outstandings up both in individual good deposit dynamics driven by retail clients and corporate clients

• NII +6%* vs. Q3 25, offsetting lower fees  Revenue growth in core franchises

46.2

CZECH REPUBLIC

ROMANIA

AFRICA AND OTHERS

Loans / deposits outstanding* (in EURbn)

+9%* / +7%* vs. Q3 25

Loans / deposits outstanding* (in EURbn)

+11%* / +2%* vs. Q3 25

Loans / deposits outstanding* (in EURbn)

+1%* / +3%* vs. Q3 25

43.3

46.5

10.2

13.7

14.0

14.0

16.1

16.7

16.5

35.4

37.8

*At constant perimeter (excluding disposals closed but including entities under disposal process reported under IFRS 5) and exchange rates

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 24

9M 26

9M 25

Q3 26

Q2 26

Q3 25

CONSUMER FINANCE REVENUES +7.3% VS. Q3 25

• Higher NII driven by increase in margin thanks to continued repricing policy

753

703

Consumer Finance

251

248

234

Ayvens(1)

2,295

2,496

Perimeter impact SGEF

731

755

833

3,048

981

1,003

3,268

1,065

AYVENS REVENUES -12.2%(1) VS. Q3 25

• Continued strong margin performance at 620bps(2) in Q3 26 vs. ~590bps(2) in Q3 25, stable earning assets vs. Q3 25

• UCS result(3) per unit down to ~EUR 310 in 9M 26 (~EUR 120 in Q3 26) within the 2026 annual guidance EUR 200-600

• Operational efficiency and profitability aligned with 2026 targets, C/I ratio 49.2%(4) and ROTE 13.2%(4) in Q3 26

9M 26 M&FS revenues (in EURm)

Q3 26 M&FS revenues (in EURm)

MOBILITY AND FINANCIAL SERVICES

• Revenues -7.8% vs. Q3 25

(1) Ayvens revenues at SG level, (2) Excluding non-recurring items, mainly from hyperinflation in Turkey, (3) Gross UCS result excluding impacts of depreciation adjustments, (4) As communicated in Ayvens Q3 26 results. The C/I ratio is on an underlying basis

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 25

Q3 26 HIGHLIGHTS

• Revenues EUR 10m in Q3 26

  Driven by revaluation of liabilities accounted at fair value

• Group net income EUR -42m in Q3 26

Broadly stable, despite a EUR 67m net profit contribution from other assets in Q3 25

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 26

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 27

2024

2025

2026 TARGETS

REVENUES (REPORTED)

Revenues (excluding disposals)

+6.7% vs. 2023

+7.3% vs. 2023

+1.7% vs. 2024

+6.8% vs. 2024

+4.1%(2) vs. 9M 25

+5.5% vs. 9M 25

COSTS (REPORTED)

Costs (excluding disposals)

-0.3% vs. 2023

+0.2% vs. 2023

-6.1% vs. 2024

-2.0% vs. 2024

-3.2%(3) vs. 9M 25

-2.1% vs. 9M 25

6%

025

58.8%

in 9M 26

COST OF RISK

26bps

in 2024

26bps

in 2025

27bps

in 9M 26

ROTE

6.9%

in 2024

10.2%(1)

in 2025

12.3%

in 9M 26

CETI

13.3%

end-2024

13.5%

end-2025

13.4%

end-9M 26

63.

in 2

0%

024

69.

in 2

COST / INCOME RATIO

CETI

>13%

ROTE

~11%

COR

25-30bps

C/I ratio

<60%

~-4%

vs. 2025

>+2%

vs. 2025

(1) 2025 ROTE of 9.6% excluding net gains on other assets, (2) Revenue growth of +6.3% vs. 9M 25 at constant perimeter and exchange rates,

(3) Costs down -1.5% vs. 9M 25 at constant perimeter and exchange rates

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 28

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 29

Subordinated issuances

Senior vanilla issuances (public or private placements) Senior structured notes distributed to institutional investors, private banks and retail networks, in France and abroad

Covered bonds (SFH, SCF) and securitisations

Access to local investor bases by subsidiaries which issue in their own names or issue secured transactions (ALD, BDK etc.)

Funding autonomy of IBFS retail subsidiaries

Breakdown as of 30.09.2026

10%

5%

11%

11%

EUR 188 bn

26%

23%

14%

Subordinated Debt⁽²⁾ Senior Non-Preferred Issues

Senior Vanilla Preferred Unsecured Issues⁽³⁾ Senior Preferred Structured

Secured Issues⁽⁴⁾ Subsidiaries⁽⁵⁾

LT Interbank Liabilities⁽⁶⁾

Amortisation schedule as of 30.09.2026 (in EURbn)

31

24

21

14

12

12

9

11

9

8

37

1. See Methodology

2. Including undated subordinated debt

3. Including CD & CP >1y

4. Including CRH

5. Including secured and unsecured issuance

6. Including IFI

2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 >2035

Q3 AND 9M 26 RESULTS I 29 OCTOBER 2026 30

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