2023-26 strategic plan guidelines approved

MEDIOBANCA
ONE BRAND – ONE CULTURE

LEVERAGING OUR FOUNDING VALUES:
DISTINCTIVENESS – RESPONSIBLE APPROACH TO BANKING,
INVESTING IN:
TALENT – INNOVATION – DISTRIBUTION
MEDIOBANCA HAS LAID THE FOUNDATIONS FOR FURTHER ROBUST
GROWTH IN REVENUES, PROFITS, EARNINGS AND REMUNERATION

LEADERSHIP IN WEALTH MANAGEMENT 
AS MAIN PRIORITY

GROWTH
Revenues up 6%  to €3.8bn
EPS up 15%1 to €1.80
Target cumulative shareholder remuneration up 70%  over 3Y to €3.7bn

PROFITABILITY
Sustainably and highly profitable at both Group and division levels
ROTE 15% by FY26 (vs 12%)
RORWA 2.7% by FY26 (up 60 bps)

CAPITAL MANAGEMENT
Focus on growth in capital-lighter businesses. Increase in loan volumes (up €4bn) 
to be offset by RWA optimization (stable over 3Y)
Change in capital allocation: no more than 1/3 of Group total to be allocated to CIB
Capital-light revenues to grow to 50% of total (up from 30%)

SHAREHOLDER REMUNERATION : €3.7bn in 3Y (up 70%2)
Cash payout 70% for a total of €2.7bn, introduction of interim dividends
Share buyback and cancellation programme worth a total of €1bn over 3Y
CET1  FL >14.5% p.a., leaving room for acquisitions
Growth in TBVPS + DPS of approx. 12% per annum 

RESPONSIBLE APPROACH TO BANKING
Quantitative ESG targets included in senior management remuneration packages

EXCELLENCE AND DISTINCTIVENESS: THE MEDIOBANCA DNA

WITH A HOLISTIC AND SYNERGISTIC APPROACH BETWEEN THE GROUP
 BUSINESSES, MEDIOBANCA INTENDS TO ESTABLISH A UNIQUE MODEL OF
PRIVATE & INVESTMENT BANKING
EMERGING DEFINITIVELY AS A
LEADER IN WEALTH MANAGEMENT

ANCHORED TO THE “ONE OF A KIND” SCHOOL OF RESPONSIBLE BANKING 
FIRMLY ROOTED IN THE BANK’S FOUNDATION,
MEDIOBANCA ASPIRES TO EXCEL AS:
•    ADVISOR FOR BUSINESSES AND ENTREPRENEURS
•    PARTNER FOR ITS OWN STAFF AND CLIENTS
•    INVESTMENT FOR ITS SHAREHOLDERS