CaixaBank - Covered Bond Investor presentation · 30/09/2016 4 CaixaBank Mortgage Covered Bond Programme Remaining Issuing Capacity Maturity Profile Total Covered Bonds -> 43.660

30/09/2016

CaixaBank - Covered Bond Investor presentation

Data as of 30th September 2016

30/09/2016

2

Covered Bond Label Compliant since1st January 2013

Moody’sInvestors Service

Aa2Aa2

A+A+

High quality collateral &strong overcollateralization

Low risk profile: mortgage portfolio prudently managed

Always aiming to the bestmarket standards Transparency: complete quarterly information available in our

web page:http://www.caixabank.com/inversoresinstitucionales/inversoresrentafija_en.html

Solid OC levels

Total OC: 240% -> and flexibility to optimize our collateral:

Legal OC: 146%

20,1 bn of retained Covered Bonds

….Despite following strict eligibility criteria

75,3% of residential loans, out of which:

95,0% with LTV < 80%

90% First home

Comfortably above the legally required ratio (125%)….

Remaining Issuing Capacity: 8,0 € Bn (mortgage & public sector CB)

CaixaBank Covered Bonds Programme - HighlightsCaixaBank Covered Bonds Programme - Highlights

Ratings:

AA (high)AA (high)

Best treatment asregards LCR andrisk weighting

purposes

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Mortgage Covered Bond Programme

CaixaBank Covered Bonds Programmes - Main figuresCaixaBank Covered Bonds Programmes - Main figures

3

Spanish Public Sector Covered Bond Programme

Issuing capacity & Collateral type

Remaining Issuing Capacity 7.964 Mn €Remaining Issuing Capacity 7.964 Mn € Collateral by TypeCollateral by Type

MORTGAGE COVER POOL MORTGAGE COVERED BONDS 30/09/2016

Cover Pool Size (mill €) 104.664 Outstanding nominal (mill €) 43.660

Residential Assets 78.798 75,3% OC (total) 240%

Comercial Assets 25.866 24,7% OC (legal - eligible portfolio) 1

Elegible Pool (mill €) 63.664 Issuing Capacity (mill €) 7.271

Number of loans 1.304.950 Average Maturity (years) 5,9

Average loan Balance (€) 80.205

WA Seasoning (years) 8,2 yrs RATINGS

WA Remaining Term (years) 17,5 yrs Moody's Aa2

WA LTV 51% DBRS AA (high)

WA LTV Elegible Pool 44% S&P A+

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PUBLIC SECTOR COVER POOL PUBLIC SECTOR COVERED BONDS 30/09/2016

Cover Pool Size (mill €) 11.061 Outstanding nominal (mill €) 7.050

Number of loans 6.026 OC 157%

Average loan Balance (€) 1.835.465 Issuing Capacity 692

WA Seasoning (years) 3,5 yrs Average Maturity (years) 3,0

WA Remaining Term (years) 5,9 yrs

RATINGS

Moody's Aa2

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CaixaBank Mortgage Covered Bond ProgrammeCaixaBank Mortgage Covered Bond Programme

Remaining Issuing Capacity

Maturity Profile

Total Covered Bonds -> 43.660 € MnPublic -> 23.570€ MnRetained -> 20.090 € Mn

Total Covered Bonds -> 43.660 € MnPublic -> 23.570€ MnRetained -> 20.090 € Mn

(*) Issuing Capacity= 80% of Collateral Available for C. Hipotecarias and 70% for C. Territoriales

(**) Due to the early amortisation of € 3 Bn of retained cedulas on April 15th, OC ratio is currently higher

Data in million €

Mortgages

Total Collateral for Covered Bonds 104.663Eligible Portfolio 63.664

Cédulas

Hipotecarias

Used Collateral 54.575Covered Bond Issued Amount 43.660

Over Collaterization 240%

Available Collateral 9.089

REMAINING ISSUING CAPACITY (*) 7.271

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OC Evolution

Active and prudent collateral management, focus on adding value to investors TOTAL OC: 240%

LEGAL OC: 146% OC comfortably above the legally required ratio

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RESIDENTIAL ASSETS

Portfolio BreakdownPortfolio Breakdown

Seasoning

Cover Pool Description – Main figuresCover Pool Description – Main figures

95,0% of the pool with LTV <80%95,0% of the pool with LTV <80%

Total Mortgage Loans (ex securitization) (€ k) 78.797.610 75,3% WA LTV (%) 51,0%

Number of loans 1.160.921 First Rank 93,6%

Average Loan balance (€) 67.875 Floating Rate loan Interest Rate type: 96,5%

Number of Borrowers 1.003.940 WA Interest Rate (Floating Rate loans) 1,5%

Number of properties 1.220.781 WA Interest Rate (Fixed Rate loans) 2,8%

WA Seasoning in months 103,9 8,7 yrs

WA Remaining term in months 229,4 19,1 yrs

Unindexed LTV Ranges

Distributions

Total Loan Balance

(ex sec) €k%

0-≤40% 22.628.114 28,7%

>40%-≤50% 14.299.889 18,1%

>50%-≤60% 15.813.078 20,1%

>60%-≤70% 13.769.459 17,5%

>70%-≤80% 8.353.061 10,6%

>80%-≤85% 1.454.968 1,8%

>85%-≤90% 992.428 1,3%

>90%-≤95% 574.714 0,7%

>95%-≤100% 350.649 0,4%

>100%-≤105% 156.362 0,2%

>105% 404.888 0,5%

78.797.610

Seasoning (months) € k %

< 12 5.061.311 6,4%

≥12-<24 3.002.082 3,8%

≥24-<36 1.947.884 2,5%

≥36-<60 5.480.941 7,0%

≥60 63.305.392 80,3%

Total: 78.797.610

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90%

8%1% 1%

First Home Second Home Not Owner occupied Other

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RESIDENTIAL ASSETS

First home loans represent90% of the residential poolFirst home loans represent90% of the residential pool

Regions with weight >5.0%

MADRID

13%

CANARIAS

7%

VALENCIA

8%

CATALUÑA

28%

ANDALUCIA

18%

> 20%

Between 10% - 20%

Between 5% - 10%

Between 3% - 5%

Between 1% - 3%

< 1%

66%

16%

5% 6%4% 3%

0%

10%

20%

30%

40%

50%

60%

70%

Adquisition Re-mortgage Equity release Rehabilitation New construction Other

Property type € k %

First Home 70.974.761 90%

Second Home 6.186.282 8%

Not Owner occupied 916.695 1%

Other 719.872 1%

Total: 78.797.610

Loan Purpose € k %

Adquisition 52.283.657 66%

Re-mortgage 12.342.711 16%

Equity release 3.603.421 5%

Rehabilitation 5.022.610 6%

New construction 3.505.834 4%

Other 2.039.377 3%

Total: 78.797.610

Regional Distribution € k %

Catalonia 21.904.015 28%

Andalusia 14.019.141 18%

Madrid 10.507.892 13%

Valencia 6.292.254 8%

Canary Islands 5.218.665 7%

Balearic Islands 3.159.113 4%

Castile León 2.972.067 4%

Castile La Mancha 2.099.911 3%

Navarra 2.555.657 3%

Basque Country 2.159.433 3%

Murcia 1.922.809 2%

Galicia 1.739.070 2%

Aragon 1.300.994 2%

Cantabria 684.077 1%

Extremadura 682.656 1%

Asturias 579.797 1%

Others/ No info 509.262 1%

La Rioja 394.153 1%

Ceuta 76.184 0%

Melilla 20.458 0%

Total: 78.797.610

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COMMERCIAL ASSETS



RE (Flat & Houses) assetssteadily declining

RE (Flat & Houses) assetssteadily declining

Saldo total de los préstamos (ex-titulizaciones) (miles €) 25.865.925 LTV medio ponderado (%) 51,5%

Número de préstamos 144.029 Préstamos a tipo variable: 95,0%

Saldo medio préstamos (€) 179.588 Tipo medio ponderado (de préstamos a tipo variable) 2,2%

Número de deudores 85.533 Tipo medio ponderado (de préstamos a tipo fijo) 5,1%

Número de propiedades 184.250

Antigüedad media ponderada (meses) 82,8 6,9 años

Vencimiento residual medio ponderado (años) 149,6 12,5 años

Unindexed LTV

Ranges Distribution

Total Loan

Balance

(ex sec) €k

%

0-≤40% 8.749.724 33,8%

>40%-≤50% 4.584.653 17,7%

>50%-≤60% 4.875.738 18,9%

>60%-≤70% 2.921.930 11,3%

>70%-≤80% 1.985.206 7,7%

>80%-≤85% 593.605 2,3%

>85%-≤90% 353.943 1,4%

>90%-≤95% 398.696 1,5%

>95%-≤100% 559.516 2,2%

>100%-≤105% 164.736 0,6%

>105% 678.177 2,6%

Total: 25.865.925

Property Type € k %

Offices 1.449.806 5,6%

Commercial stores 5.209.547 20,1%

Industrial 2.525.422 9,8%

Hotel 1.974.477 7,6%

Flats & Houses 4.785.718 18,5%

Land 2.070.271 8,0%

Mixed Use 5.242.638 20,3%

Others 2.608.047 10,1%

Total: 25.865.925

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MADRID

19%

CANARIAS

9%

VALENCIA

9%

ANDALUCIA

17%

CATALUÑA

24%

9


COMMERCIAL ASSETS


> 20%

Between 10% - 20%

Between 5% - 10%

Between 3% - 5%

Between 1% - 3%

< 1%

Loan Maturity (yrs) € k %

≤ 5 4.177.879 16,2%

>5 - ≤10 6.817.266 26,4%

>10 - ≤15 6.340.050 24,5%

>15 - ≤25 7.129.322 27,6%

>25 - ≤50 1.401.408 5,4%

Total: 25.865.925

Regional Distribution € k %

Catalonia 6.095.456 23,6%

Madrid 4.825.471 18,7%

Andalusia 4.415.676 17,1%

Valencia 2.291.313 8,9%

Canary Islands 2.242.574 8,7%

Balearic Islands 1.113.939 4,3%

Castile León 754.133 2,9%

Navarra 649.075 2,5%

Castile La Mancha 611.059 2,4%

Basque Country 492.179 1,9%

Galicia 477.436 1,8%

Murcia 438.324 1,7%

Others/ No info 416.981 1,6%

Aragon 402.574 1,6%

Asturias 241.434 0,9%

Extremadura 182.831 0,7%

Cantabria 129.144 0,5%

La Rioja 68.614 0,3%

Ceuta 12.489 0,0%

Melilla 5.222 0,0%

Total: 25.865.925 100%

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CaixaBank Public Sector Covered Bond ProgrammeCaixaBank Public Sector Covered Bond Programme

Remaining Issuing Capacity

Maturity Profile

Total Covered Bonds -> 7.050 € MnPublic -> 88 € MnRetained -> 6.962 € Mn

Total Covered Bonds -> 7.050 € MnPublic -> 88 € MnRetained -> 6.962 € Mn

(*) Issuing Capacity= 80% of Collateral Available for C. Hipotecarias and 70% for C. Territoriales

(**) Due to the early amortisation of € 3 Bn of retained cedulas on April 15th, OC ratio is currently higher

Data in million €

Public Sector

Total Collateral for Covered Bonds 11.061Eligible Portfolio 11.061

Cédulas

Territoriales

Used Collateral 10.071Covered Bond Issued Amount 7.050

Over Collaterization 157%

Available Collateral 989

REMAINING ISSUING CAPACITY (*) 692

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CaixaBank Public Sector Covered Bond ProgrammeCaixaBank Public Sector Covered Bond Programme


Loans Maturity


Total Mortgage Loans (ex securitization) (€ k) 11.060.511

Number of loans 6.026 Floating Rate loan Interest Rate type: 89,1%

Average Loan balance (€) 1.835.465 WA Interest Rate (Floating Rate loans) 1%

Number of Borrowers 1.597 WA Interest Rate (Fixed Rate loans) 2,4%

Average exposure to borrowers (€ ) 6.925.805

WA Remaining term in months 70,7 5,9 yrs

WA Seasoning in months(1)

41,8 3,5 yrs

Avg LTV (%) 53,3%

WA LTV (%) 63,3%

Loan Maturity € k

< 12 4.209.905 38%

≥12-<24 347.355 3%

≥24-<36 483.483 4%

≥36-<60 1.066.072 10%

≥60 4.953.696 45%

Total: 11.060.511

Loans in Arreas

<2m 0,4%

≥ 2m - <6m 0,5%

≥ 6m - <12m 0,7%

≥12m 1,7%

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Appendix 1: CaixaBank Covered Bond IssuancesAppendix 1: CaixaBank Covered Bond Issuances

Spanish Mortgages - Public Deals Covered Bonds

ISIN Currency Issue Date Outstanding (€) Maturity Date Coupon Investor Type

ES0414970345 EUR 28/11/2006 250.000.000 28/11/2016 Eur 3m+0.06% Institutional

ES0414970295 EUR 28/06/2006 2.000.000.000 26/01/2017 4,25% Institutional

ES0440609024 EUR 14/11/2011 250.000.000 26/01/2017 4,25% Institutional




ES0414970352 EUR 22/01/2007 6.380.000 30/03/2017 Eur 3m +0.00% Retail


ES0414965105 EUR 22/09/2009 150.000.000 22/09/2017 Eur 3m + 1,50% Institutional

ES0414970394 EUR 09/05/2007 13.462.000 30/09/2017 Eur 3m+0.1% Retail

ES0414970220 EUR 09/01/2006 1.000.000.000 09/01/2018 Eur 3m+0.075% Institutional








ES0414970501 EUR 14/05/2009 175.000.000 14/05/2021 Eur 3m+1% Institutional







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Spanish Mortgages - Retained Deals Covered Bonds




ES0440609115 EUR 07/06/2012 2.000.000.000 07/06/2022 Eur 6m +3.85% Institutional






ES0440609164 EUR 03/07/2012 1.000.000.000 03/07/2027 Eur 6m+4% Institutional





Registered - Covered Bonds


---------------------- EUR 12/12/2008 200.000.000 12/12/2016 Eur 3m +0.00% Institutional

---------------------- EUR 01/10/2008 20.000.000 01/10/2048 5,32% Institutional

Spanish Mortgages - Covered Bonds (non €)

ISIN Currency Issue Date Outstanding Maturity Date Coupon Investor Type

XS0273475094 USD 01/11/2006 255.000.000 02/02/2037 Libor 3m +0.00% Institutional

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Spanish Public Sector - Covered Bonds









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Spanish Multi-Issuers - Public Covered Bonds

Código ISIN Divisa Fecha emisiónCaixaBank

Contribution (€)

Total Issue

Outstanding (€)Maturity Date Coupon Investor Type

ES0312298104 EUR 18/12/2006 150.000.000 2.575.000.000 16/12/2016 4,01% Institutional


ES0312298062 EUR 26/05/2006 50.000.000 1.000.000.000 24/05/2017 Eur 3m+0.086% Institutional



















Spanish Multi-Issuers - Retained Covered Bonds

Código ISIN Divisa Fecha emisiónCaixaBank

Contribution (€)

Total Issue

Outstanding (€)Maturity Date Coupon Investor Type





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The purpose of this presentation is purely informative. In particular, regarding the data provided by third parties, neither CaixaBank, S.A.(“CaixaBank”) as a legal entity, nor any of its administrators, directors or employees, is obliged, either explicitly or implicitly, to vouch thatthese contents are exact, accurate, comprehensive or complete, nor to keep them updated, nor to correct them in the case that any deficiency,error or omission were to be detected. Moreover, in reproducing these contents in any medium, CaixaBank may introduce any changes itdeems suitable, may omit partially or completely any of the elements of this document, and in the case of any deviation between such aversion and this one, assumes no liability for any discrepancy.

This document has at no time been submitted to the Comisión Nacional del Mercado de Valores (CNMV – the Spanish Stock Marketsregulatory body) for approval or scrutiny. In all cases its contents are regulated by the Spanish law applicable at time of writing, and it is notaddressed to any person or legal entity located in any other jurisdiction. For this reason it may not necessarily comply with the prevailingnorms or legal requisites as required in other jurisdictions.

This presentation on no account should be construed as a service of financial analysis or advice, nor does it aim to offer any kind of financialproduct or service. In particular, it is expressly remarked here that no information herein contained should be taken as a guarantee of futureperformance or results.

Without prejudice to legal requirements, or to any limitations imposed by CaixaBank that may be applicable, permission is hereby expresslyrefused for any type of use or exploitation of the contents of this presentation, and for any use of the signs, trademarks and logotypes which itcontains. This prohibition extends to any kind of reproduction, distribution, transmission to third parties, public communication or conversioninto any other medium, for commercial purposes, without the previous express permission of CaixaBank and/or other respective proprietarytitle holders. Any failure to observe this restriction may constitute a legal infraction which may be sanctioned by the prevailing laws in suchcases

Disclaimer

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CaixaBank - Covered Bond Investor presentation · 30/09/2016 4 CaixaBank Mortgage Covered Bond Programme Remaining Issuing Capacity Maturity Profile Total Covered Bonds -> 43.660