INSTITUTIONALPRESENTATION

4Q20

2

Bmg

Products and Strategy

Corporate Governance

Ratings

Agenda

3

Track record in innovation

Digital or Traditional?We left that difference behind.

We connect the two worlds

Our mission:

popularize financial services in Brazil

Precursor of third-party

correspondent banks

channel

JVwith

Payroll Credit Card

Franchise

Distribution

channel

Asset light

Owner’s view

Digital Bank

Pioneering

Absolute

leader

Payroll Loan

User friendly

Artificial

Intelligence

PHYGITAL strategy

Extrapolate the

PHYGITAL

strategy

(Physical + Digital)

Products and

services for millions

of Brazilians and

companies

Complete Bank

113258

344 3815.1% 10.8% 12.5% 9.7%

15.7% 12.4% 22.5% 17.8%

-100,0%

-80,0%

-60,0%

-40,0%

-20,0%

0,0%

20,0%

-20104070100130160190220250280310340370400430460490520550580610640670700

2017 2018 2019 2020

Recurring net income Recurring ROAE (%) Basel (%)

15.7%19.0%

22.5% 22.9%

9.7% 12.9% 14.4% 14.4%

2017 2018 2019 2020

NIM NIM ajusted to the cost of credit

6,711 7,866 9,66712,0741,293

1,2151,625

1,853

628 432163

80

8,632 9,51311,455

14,006

2017 2018 2019 2020Retail Wholesale Run off Column1

Active clients

3.03.5

4.1

5.2

2017 2018 2019 2020

Credit portfolio R$ MillionMillion

Net interest margin Recurring results% p.a. R$ Million and % p.a.

+25%

Growth with profitability

+28%

4

WE AREA

155mm

small and micro companies

17 mm

Brazilians over 18 years

+48mm

retirees and civil servants

general satisfaction with the digital bank

services1

of active clients+29% in 12 months 8.45.2

mm

1 – Survey with our customers conducted between Dec/20 and Jan/21 by Bmg with the support of Instituto Bridge

• Modern

• Client-centric

• Digital bank with the human sensibility of the physical world

• For millions of Brazilians and companies

5

Individual

Retail Companies

Physical channel Client already starts with a credit product

and with 100% digitalized

formalization

Correspondent

sales counter

Digital Native

COMPLETEDIGITAL

BANK

Client source by channelRevenue (ARPU)

Digital Channel

PHYSICAL CHANNELS

DIGITALNATIVE

Legal entity employee Payroll services

PHYGITAL performance in the complete retail ecosystem

6

help! tech-touch model

7

Franchise network, specializing in financial services, with a

one-stop shop concept and tech-touch performance model

The essence of help! is technology

Provide strong security on the face-to-face and remote origination

Number of stores evolution

EFFICIENT AND SCALABLE

Indicator based on the quarterly evolution of origination of the direct debit loan product.

Evolution of origination per consultant(base100)

Number of consultants per store

100127 149

190 222

Q1 Q3 Q6 Q9 Q12

185 stores

transferred in

2020, being

109 in 4T20360 328 328 298 197

442 494 494 535 666

802 822 822 833 863

4Q19 1Q20 2Q20 3Q20 4Q20

CBFácil Other Franchisees

7

2.7 2.7 2.62.9 3.0

Q1 Q3 Q6 Q9 Q12

Evolutions of Digital Bank

End-to-end

Support

Onboarding

100% via

Duda

Launch of

Volta pra

Mim

(cashback)

Salary

Portability

Conversion

of Bmg Card

App

Withdraw

via QR

Code

Launch of

digital bank

for companies

Marketplace of

credit

partnership with

New

experience

marketplace

of products2020

Parterships

with apps

with debit

purchases

Referral

program:

Indicou,

Ganhou

PIX20182019

Launch of

App

White label

with Soccer

teams

Poupa

pra

Mim

Inclusion of

products and

improvements

Bmg Chip

88

Consolidated Digital Bank

Monthly Active Users(‘000)

770 798 1,019

1,480

2,261

Dec19 Mar20 Jun20 Sep20 Dec20

LTM: +194%2.6 mm of digital

accounts

New clients per business day(‘000)

2.5 3.25.1

7.6

12.4

2019 1Q20 2Q20 3Q20 4Q20

+4.9x

+8 mm of access in Dec/20

Digital accounts profile

Consignable

Soccer clubs

Open-waters

Passion for soccer: Greater loyalty and credit quality

High profitability: client is born with a credit product

Growth the base

Focus for next years:

Increase cross-selling in the digital bank

Complete value proposition based on the concept of a positive account

Monetize

52%

39%

9%

2.6 mm

9

Digital Bank Experience

POSITIVE ACCOUNT

+1.9x volume of credit

purchases(4Qx3Q)

+1.8x volume of debit

purchases(4Qx3Q)

Transactions in the Digital Bank

Poupa pra Mim+3.6x

Clients registered in the virtual piggy bank

(4Qx3Q)

Volta pra Mim+3.4x

of cashback in the debit and credit cards

to the clients (4Qx3Q)

Marketplace+200

Partner storesIndividual

Retail Company

Personal Credit

Investments

Payroll Credit

Multiple Card

Digital Account

PayrollServices

Means ofPayment Insurance

Working capital

VALUE PROPOSAL: INCREASING ACTIVATION AND LOYALTY

PRODUCTS AND SERVICES: PROFITABILITY

10

▪ Target – retirees, pensioners and public employees1

▪ Endorsement of 5% to 10%2 of salary

▪ Minimum installment directly discounted from

payroll

▪ Important mean of payment

▪ Default events correlated to payroll loan

Main features

1 - Market can also operate with private company2 - For municipal and states employees, the consignable margin of the card may vary, reaching up to 10%

Recent changes

11

▪ On March 17, the CNPS reduced the maximum INSS rate to 2.7% p.m. from 3.0% p.m.

▪ Impacted revenues as of April/20

▪ On July 22, the INSS raise the limit for the payroll credit card to 1.6x the monthly benefit

ROBUSTLEGISLATION

Self-Regulation (effective since Oct/20)

▪ Withdrawal operations up to 70% of the limit of the card

▪ Prohibition of withdrawal formalization through telephone

▪ Signing of a Consent Form

INSS

Payroll Credit Card

1990 2003 2005 2015

Law 8.112Payroll loan for

federal government employees

Law 10.820/03Payroll loan for CLT

employees, Social Security retirees and pensioners

INSS/DC 121 Payroll credit card for Social security (INSS)

Law 13.172/15 Exclusive margin of 5% on the payroll credit card for

Social Security retirees and pensioners and

government employees

7,993 8,114 8,1748,370

8,140

4Q19 1Q20 2Q20 3Q20 4Q20

3.3% 3.3% 3.4% 3.8% 3.7%

3.6% 3.7% 4.0%4.5% 4.5%

4Q19 1Q20 2Q20 3Q20 4Q20

E-H Portfolio E-H Portfolio - Without Insurance

12

Payroll Credit Card

Credit Portfolio

Interest Rate: 3.1% p.m.

Portfolio Evolution (R$ million)

NPL Evolution

Average monthly release amount³ (R$ million)

82% 83% 86% 100%

297 300 340236

1Q20 2Q20 3Q20 4Q20

Physical formalization Digitalized formalization

• Important means of payment and digital inclusion

• 4.4 million of payroll credit cards

• 20% growth in interchange fees

• 58% penetration of credit insurance in the portfolio

Federal Risk¹85.7%

1 –Social Security (INSS) + federal government employees | 2 – Management view without the loss of the lender insurance | 3 – It considers only the new resource released to the client, it does not consider refinanced amounts.

²

Main Characteristics

301 269

838 1,035

1,853

4Q19 1Q20 2Q20 3Q20 4Q20

50%

67%79%

92%76

232 254

328

1Q20 2Q20 3Q20 4Q20

Payroll Loan

13

Credit Portfolio

Average monthly release amount¹ (R$ million)

14% SIAPE

86% INSS

Assignment to the securitization company in the amount of R$ 165 mm in the 4Q20

14% SIAPE

86% INSS

Physical formalization Digitalized formalization

Origination

Interest Rate: 1.8% p.m.

Portfolio Evolution (R$ million)

1 – It considers only the new resource released to the client, it does not consider refinanced amounts.

• Higher efficiency when collecting installments

• Lower default rates

• Greater potential of loyalty

100%100% 100% 100%

56 38

55 57

1Q20 2Q20 3Q20 4Q20

14

Credit Portfolio

Personal LoanDirect Debit Loan + Traditional Credit Card

Digitalized Formalization

• +442 thousand active traditional credit cards

• 60% of the portfolio receive their benefit at Bmg

Main Characteristics

Average monthly release amount¹ (R$ million)

Interest Rate: 20.2% p.m.

Portfolio Evolution (R$ million)

39 45 55 66 83

778 855 835 868 895

4Q19 1Q20 2Q20 3Q20 4Q20

Traditional Credit Card Direct Debit Loan

NPL Evolution

28.8% 27.6% 30.8% 30.9% 30.1%

4Q19 1Q20 2Q20 3Q20 4Q20

E-H Portfolio

1 – It considers only the new resource released to the client, it does not consider refinanced amounts.

Retail Insurance

STRONG GROWTH IN RETAIL INSURANCE

Issued premiums evolution(Quarterly AverageR$ million)

54 62 80

109 98

2019 1Q20 2Q20 3Q20 4Q20

+80%

Mass insurance penetration in the credit portfolios

75% 51% 10%direct debit loan payroll credit card payroll loan

STRATEGIC PILLARS

high penetration potential

Commercial performance

Promote the growth of current products, with a structure of intelligence and technology

New products strategy

Accelerated growth of new products unattached to credit in the physical and digital channels

Corporate solutions

Expansion of the performance and offer of Corporate insurance, with technical support from Wiz's specialized team

Financial efficiency

Capture financial opportunities in organizational processes

Performance in channels not yet explored, such as digital and call center

New channels

15

Means of Payment

273

753

1Q19 4Q20

Total Payment Volume(Quarterly average - R$ million)

2.8x

Paymentlink

Wallet

CheckoutAPI

HardwarelessSolution

New not-present capture

products: unlock our digital

channel bringing solutions

for companies and

individual clients

NEW PRODUCTS AND CHANNELS

Financial highlights7,000 Bmg

clients

+43%27,000 Granitoclients

1,600 Bmg

clients

38,000 Granitoclients

+328%

3Q20 4Q20

STRATEGIC PILLAR: complete banking services for commercial establishments and their

employees

exclusivity of banking domicileon the Granito sales channel

(+450 consultants)

+31,000 current clients to

explore

23

200

1Q19 4Q20

8.7x

Valuation(R$ million)

16

1,101 1,138 1,232 1,257 1,341

1.9% 1.7% 1.6% 1.5%2.3%

0,0%

1,0%

2,0%

3,0%

4,0%

5,0%

6,0%

7,0%

8,0%

9,0%

10,0%

0

200

400

600

800

1.000

1.200

1.400

1.600

4Q19 1Q20 2Q20 3Q20 4Q20

Portfolio NPL (E-H Portfolio)

524 526 492446

512

12.8% 12.6% 13.4% 11.1%6.1%

0

100

200

300

400

500

600

700

800

900

4Q19 1Q20 2Q20 3Q20 4Q20

Portfolio NPL (E-H Portfolio)

Structured Operations

Structured operations for banking

correspondents and franchisees (commissions)

and soccer clubs (television rights), with

collateral that mitigates the issuers' risks.

✓Issued Premiums: R$ 216 million

✓Retained Premiums: R$ 135 million

✓Equity Equivalence to Bmg: R$ 6.5

million

Created in July, 2016, and controlled by Banco Bmg, the company focused

on the Surety Bond Segment

Financial Highlights – 2020

Since November 2019, Generali holds 30% of interest in Bmg Seguros

R$ Million

Wholesale Portfolio

Companies

R$ Million

Portfolio composed by the financing and of

structured financial services for medium and

large companies, focusing on products with

low capital.

17

22.8% 22.3% 21.8% 22.3% 16.7%

4Q19 1Q20 2Q20 3Q20 4Q20E-H Portfolio

7.5%9.9% 10.5%

8.1% 6.5%

4Q19 1Q20 2Q20 3Q20 4Q20E-H Portfolio

595 690 733863 974

148 133 134 153 187

0

200

400

600

800

1000

1200

4Q19 1Q20 2Q20 3Q20 4Q20

Balance (R$) Balance (US$)

▪ Bmg Money is an independent company that operates in the UnitedStates with focus on payroll loan for the public sector employees inlower turnover activities: hospital, school, police and firefighters;

▪ The operation is reflected in Bmg through participation agreementsamong BMG Money and Bmg Bank (Cayman).

Run-off Portfolio

163127

103 83 80

4Q19 1Q20 2Q20 3Q20 4Q20

▪ Banco Bmg has the following run-off portfolios: payroll loan,Lendico, home equity and vehicle financing;

▪ Represents 0.6% of total portfolio.

R$ Million / US$ Million

U.S. Payroll Loan

R$ Million

Other Portfolios

NPL Evolution

Credit Portfolio

NPL Evolution

Credit Portfolio

18

• Positive gap with the duration on liabilities longer than the assets by 3 months

• Reinforcement of the securities market for natural IPCA hedge

• R$ 1.3 billion of securitization for issuance of debenture linked to the payroll credit card. Initially absorbed by Bmg

• LFG: R$ 2.8 billion issued

o NDPGE: R$ 1.6 billion issued

R$ Million

Market Funding Breakdown

Funding Evolution Asset & Liability Management

Diversified Funding Structure

2.5

3.74.3

4.9

1Q20 2Q20 3Q20 4Q20

Total cash evolution(R$ billion)

19

Time Deposit68.4%Financial Bills

19.1%

Credit Assignment and Securitization

10.5%

Other2.0%

12,381 12,673 14,360 15,65618,019

12,40913,705

15,41216,708

19,081

4Q19 1Q20 2Q20 3Q20 4Q20

Market funding Subsidiaries

70% 69% 72% 72% 73%

4,028 3,968 4,036 4,062 4,128

22.5% 19.9% 19.8% 19.2% 17.8%

4Q19 1Q20 2Q20 3Q20 4Q20

Main Capital Shareholders' Equity Basel Ratio

• Comfortable capital level with Basel in 17.8% and of quality with 96% in Main Capital

• Bacen limited the maximum dividend to 30% for 2020 fiscal year

• Strategy to maximize the payment of ISE, given its tax benefit

41%32%1

2019 2020

PayoutISE /accounting net income

Capital Management

1 – considers the declared ISE/ accounting net income. According to the dividend methodology of the Lei das SAs, the indicator would be 28.5%, considering the net ISE/ net profit after legal reserve

R$ Million

+3p.p.

Capital quality improvement

Shareholders’ Equity and Basel Ratio

Capital

20

Corporate Structure

Shareholders % Common % Preffered % Total

Guimarães Family 99.4% 43.7% 81.3%

Treasury stock - 1.9% 0.6%

Minority shareholders 0.6% 54.4% 18.1%

Number of shares (million) 400 191 591

Banco CifraBMG

LeasingBanco BCV

99.99% 100.00% 100.00%

BMG Bank Cayman

100.00%

CB Fácil Corretora

45.00%

BMG Participações em

Negócios

BMG SegurosME

PromotoraBMG Soluções

Eletrônicas

99.99%

BMG Corretora de

SegurosGranito

80.00%

99.99%

99.38% 70.00%60.00%

Help Franchising

99.98%

100.00%

Cifra Financeira

Shareholding Composition

Corporate Governance

21

Consolidated companies Companies recognized by the equity equivalence method

Corporate Governance

Board of Directors with Complementary Experience & Skill Set

Background

Dorival Dourado Jr.

Background

Antônio M. Guimarães

Vice-Chairwoman –Independent Member

BackgroundBackground

Chairman

Manuela Vaz ArtigasMember – Independent Member

Background

Member – Independent Member

Member

Background

Member

Background

Member

Background

Member

Independent Members

Audit

Committee

3

Monthly

Since : 2013

Bimonthly

Since : 2012

Innovation & Strategy

Committee

Bimonthly

Since : 2019

Risk and Capital Management

Committee

Monthly

Since : 2018

Corporate Governance Committee

Bimonthly

Since: 2019

9

People and Compensation

Committee

IndependentMembers

5 Committees report to the Board of Directors

Fiscal

Council

Installed at Ordinary General Meeting of

2020

3 Sitting Members

3 Alternate Members

Voting Members,of which

2 independent

8 Voting Members,of which

1 independent

8 Voting Members,of which

1 independent

8 Voting Members,of which

1 independent

Executive Forums

Reporting to the Board

13 Executive Forums

The committees and forums have Boards and Executive members

Special Committee

5 Members, of which

3 independent

Ad hocInstalled in the Board

meeting

22

Ricardo Annes Guimarães Olga Stankevicius Colpo

José Eduardo DominicaleÂngela Annes GuimarãesRegina Annes Guimarães

Agencies Date Rating Perspective

Fitch Ratings April 2020Local Currency A (bra) National: Negative

Foreign Currency B+ IDR: Stable

Moody‘s May 2020Local Currency Baa1.Br

StableForeign Currency B1

RISKbank February 2021Low Risk for Medium

Term 2In monitoring

Ratings

23

Main Indicators

1. Recurring Indicators, excluding the effects of goodwill and other non-recurring events, see “Managerial Income Statement”. | 2.Refers to the Banking Product, composed of the financialinterest margin and income from services rendered. | 3. Recurring net financial margin / average revenue generating assets and annualized exponentiation | 4. Personnel Expenses + OtherAdministrative Expenses (doesn't consider amortization) + Other Operating Expenses (net from operating income) / Gross Profit from Financial Intermediation before allowance for loanlosses + Income from Services Rendered + Tax Expenses | 5. Portfolio classified by E-H/Total Portfolio, including overdue plus falling due installments. | 6. Credit provision balance /operations overdue for more than 90 days (considering overdue installments plus falling due). | 7. Clients with a balance in the portfolio or card issuance/ purchases in the last 12 months. |8.The retail portfolio includes payroll credit card, payroll loan, personal credit and retail companies. | 9. The wholesale portfolio includes structured Operations and companies. | 10. The run-off portfolio includes the legacy payroll loan, Lendico, vehicles and home equity loan. | 11. Cash and cash equivalents plus government securities accounted for in marketable securities,excluding transactions subject to buyback with a corresponding entry to liabilities. 24

Financial Highlights (R$ Million) 4Q20 3Q20 2Q20 1Q20 4Q19 2020 2019Net Income - Recurring1 96 87 101 97 74 381 344 ROAE - Recurring1 9.9% 9.1% 10.7% 10.5% 9.6% 9.7% 12.5%ROAA - Recurring1 1.5% 1.5% 1.9% 2.0% 1.6% 1.7% 2.0%Net Interest Margin - Recurring1, 2 960 950 1,007 864 839 3,781 2,940Net Interest Margin - Recurring1, 3 22.0% 24.3% 28.8% 26.8% 26.6% 22.9% 22.5%Efficiency Ratio - Recurring1, 4 60.3% 52.3% 48.7% 56.3% 59.5% 54.2% 54.3%NPL5 – E-H Portfolio 5.7% 5.8% 5.9% 5.9% 5.8% 5.7% 5.8%Coverage Ratio6 107.9% 117.6% 113.2% 107.0% 110.3% 107.9% 110.3%Basel Index 17.8% 19.2% 19.8% 19.9% 22.5% 17.8% 22.5%Number of active clients7 (million) 5.2 4.8 4.5 4.3 4.1 5.2 4.1 Digital accounts (million) 2.6 1.9 1.4 1.0 0.8 2.6 0.8

help! stores 863 833 822 822 802 863 802

Net Income - Accounting 76 97 81 76 163 329 367

Balance Sheet (R$ Million) 4Q20 3Q20 2Q20 1Q20 4Q19 2020 2019Total Credit Portfolio 14,006 13,064 12,497 11,718 11,455 14,006 11,455

Retail Portfolio8 12,074 11,278 10,670 9,928 9,667 12,074 9,667Wholesale Portfolio9 1,853 1,704 1,724 1,664 1,625 1,853 1,625Run-off Portfolio10 80 83 103 127 163 80 163

Total Cash11 4,894 4,346 3,718 2,508 2,917 4,894 2,917Total Assets 28,234 25,123 22,528 20,312 18,911 28,234 18,911Shareholders’ Equity 4,128 4,062 4,036 3,968 4,028 4,128 4,028Market Funding 19,081 15,656 14,360 12,673 12,381 19,081 12,381

INVESTOR RELATIONS TEAM

ri@bancobmg.com.br

www.bancobmg.com.br/IR

"This presentation may include estimates and forward-looking statements. Such forward-looking statements are based in large part on current expectationsand projections about future events and financial trends that affect or could affect Banco Bmg business. Many important factors could adversely affect BancoBmg results as discussed in these forward-looking statements and estimates. These factors include, but are not limited to: the domestic and internationaleconomic environment, fiscal, exchange and monetary policies, Banco Bmg ability to obtain funding for its operations and changes in Central Bank regulations.

The words "believes," "can," "may," "aims," "estimates," "continues," "anticipates," "intends," "expects," and other similar words are intended to identifyestimates and projections. Forward-looking statements and estimates include information regarding results and projections, strategy, competitive position,industry environment, growth opportunities, the effects of future regulation and the effects of competition. Such estimates and projections speak only as of thedate they are expressed, and we undertake no obligation to publicly update or revise any such estimates due to new information, future events or any otherfactors. Because of the risks and uncertainties described herein, the forward-looking statements in this presentation may not materialize. In view of theselimitations, it should not make any investment decisions based on the forward-looking statements contained in this presentation.

Contact & Disclaimer

25