BINCKBANK

SUBJECT: ANALYST & INVESTOR CONFERENCE CALL – 16Q1 RESULTS1

Update on strategy

Financial position

INTRO OUTROResults16Q1

Q&A

2

Setting the scene In June 2015 the new CEO was appointed

Immediately BinckBank (‘Binck’) has performed a strategic review and developed a new vision and growth strategy (Rethink Binck)

Ambition Binck’s ambition is to become a leading brand in the area of Trading, Investing (Digital Wealth Management) and Saving

The aim is to develop new products and services in a quick and efficient manner, while maintaining quality

Deep Dive

Last years strategic review & quantitative analysis (Deep Dive) revealed unlocked market potential within existing geographic

footprint

Conclusions were:

• Broaden scope of the current business model and bring more stability in the revenues

• Enlarge target group and product portfolio

• Reengage existing sleeper-base

Result

Based on above conclusions a strategic roadmap was developed with three propositions which will be implemented during the

second phase of the project (Redesign Binck). Implementation of these propositions need to ‘Relaunch Binck’ as from 2018

onwards

Summary

In the next slides a qualitative summary of the three new propositions will be provided

If we can roll out the tracks as planned, then equalling the historic profit levels within a period of approximately 5 years is possible

INTRODUCTION

3

2. The new Binck propositions

4 4

Navigator role

STRATEGIC ROADMAP

A 9-grid animated cube shows the areas in which Binck is active and where we want to become active (propositions)

The strategic roadmap shows the growth strategy for the coming years in the form of 3 concept-propositions

These propositions include various product-lines across trading, investing and saving

In addition, Binck started optimising the User Experience (UX) in 2016 via an improved UX-methodology (design sprints, prototyping and

testing) and internal process

Do-it-yourself Help-me-do-it Do-it-for-me

Trading

Investment

SavingP

rop

osi

tio

ns

PropositionExpected

implementation

1)

‘Trade it with Color’

easy-to-use trading platform

aimed at Mass Retail

End 2017

2)

‘Track it Easy’

digital investment solution

for accessible wealth

management

2017

3)

‘Save it Smarter’

providing easy access to the

EU savings market

2016

5

Navigator The upswing of FinTech and the unbundling of bank services will make financial decision

making more difficult for clients

In this new financial landscape Binck will position itself as Navigator for (new) the autonomous,

financially independent clients by:

• Making clients conscious, active and autonomous when it comes to accumulating or

investing personal capital

• Listing to the various financial motives and attitudes

• Empowering clients with all required tools and services

• Employing data as driver for decisions

Within the new Binck clients and user experience are core values supported by growth instead

of value creation

Currently Binck has an optimal position to, once again, become a trendsetter in the financial

markets and act as a Navigator to our clients to find the most suitable products available

BINCK AS NAVIGATOR “DEVELOP CAPITAL, TRUST YOURSELF, COUNT ON BINCK

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Exciting Inventive Easy

TRENDING TRADES

TRADE IT WITH COLORBinck makes Trading – Exciting, Inventive and Easy

COLLECTIVE BRAIN

THEMATIC TRADING

SOCIAL TRADING & MOTIF INVESTING

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Value proposition

Binck’s services are provided in a manner that suits experienced Day Traders and Semi-professional investors

• Less experienced investors sometimes find the offered products & services complicated

’Trade it with Color’ will make investing more accessible, attractive and easy for all investors

• It will incorporate a socially-driven community-embedded trading platform

• Amongst others; co-investors, experts and opinion leaders share content

Client focus

This proposition will focus on retail investors (Mass Retail)

Binck will engage in dialogues with the group via a community platform

• To a large degree the community will be formed and maintained by investors

• The integral digital platform will be accessible through all digital channels

PROPOSITION 1: ‘TRADE IT WITH COLOR’ (1/2)

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Resources & activities

The goal of ‘Trade it with Color’ is to continuously offer inspiration

• Offering trading ideas and interesting baskets, financial content, a vision on investing and a modern

digital platform with the latest UX gadgets

This will require:

• Development/purchase of content, attracting the best UX and Visual Design (VD) professionals, a

solid financial curator team and a direct marketing & sales approach

Costs & benefits Costs for Binck:

• Development, extension and management of the platform and community

• Marketing expense

Benefits for Binck:

• A special hybrid earnings model that is asset and transaction based over their portfolios and

possible separate trades

• Reallocation and rebalancing-model generating extra trades

• Interest earned on margin accounts and debt positions

PROPOSITION 1: ‘TRADE IT WITH COLOR’ (2/2)

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TRACK IT EASY

• Great user experience

• Best digital service

• Easy & forward looking

• Pre-selected portfolio’s

• Automatic rebalancing

BINCK ROBO INVESTING

Easy Inventive Digital 10

Value proposition Wealth management is often associated with private banking, not accessible for everyone

• It can be more efficiently/effectively managed digitally: by the so called Robo-investing or Digital

Wealth Management (‘DWM’)

‘Track it Easy’ will be accessible for all clients in terms of ease, simplicity, capital and price

• Offering clients diversification of risk via various securities, based on Exchange Traded Funds (ETFs)

or other low cost instruments

• DWM differs from traditional wealth management as it is based on passive management, which

makes it more cost effective

• A select number of professionally assembled portfolios will be offered

• Portfolios will vary according to risk and return

• Binck will collaborate among others with world leading ETF-issuers

Client focus Two type of clients:

• (1) Investors looking for growth of their capital and

• (2) Investors looking for income from their capital

The relationship with the clients will be digital

• It will be functional but in an intimate, frequent, personal and interesting manner

• There will be periodic and contextual updates on the clients portfolios potentially reslting in

rebalancing

• The service will be offered through all digital channels

PROPOSITION 2: ’TRACK IT EASY’ (1/2)

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Resources & activities

The goal of ‘Track it Easy’ is to offer ease and accessibility

Ease when it comes to:

• Choosing the right portfolio based on risk/return requirements, the method of wealth management

(i.e. through rebalancing), information requirements, professionality of the client and costs

This will require partnerships with high-end ETF-issuers, development of algorithms and credibility and

authority in the field of DWM

Costs & benefits

Costs for Binck:

• Optimisation of the platform and marketing expenses

• Costs for the assembly of portfolios and transaction costs related to portfolios supplied by ETF-

issuers

Benefits for Binck:

• Income will be asset-based on the basis of a gradual pricing model based on portfolio value

PROPOSITION 2: ’TRACK IT EASY’ (2/2)

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Safe Low cost Easy

SAVE IT SMARTER

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Value proposition

‘Save it Smarter’ assists in diversifying savings risks and obtaining higher returns in an easy manner

Binck will offer access to Western European banks with Deposit Guarantee System (up to EUR 100K)

A broad range of savings account providers with attractive rates

This will be attractive for investors seeking:

• Risk spreading through deposit guarantees based on a wider range of (international) savings

account providers

• A higher on average interest rate

Client focus Client focus:

• Investors who want a better spreading of the risk of their capital (e.g. High Net Worth)

• Investors who seek higher interest rates (Mass Retail)

The relationship with the client will be based on an automated service

An application will facilitate this service

• The application will allow the client to transfer their savings to their desired EU bank

• Clients will be able to manage their accounts from everywhere and at any time

PROPOSITION 3: ‘SAVE IT SMARTER’ (1/2)

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Resources & activities

The goal of ‘Save it Smarter’ is to provide clients with access to the EU savings market

Binck will seek collaboration with various Western European partner banks and back-end service providers

• To ensure the attractive rates whilst looking for safety

It will require:

• A sound digital platform which is continuously optimised

• Exclusive partnerships with EU banks that fulfil the requirements

• Full compliance with EU laws

Costs & benefits

Costs for Binck:

• Revenue share for use of the back-end partner

• Marketing and management of the digital platform

Benefits for Binck:

• Interest revenue

• Cross border fee (fee for opening a savings account or deposit abroad)

PROPOSITION 3: ‘SAVE IT SMARTER’ (2/2)

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3 PHASES TO THE RELAUNCH OF BINCK FOCUS ON LONG TERM VALUE CREATION

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Rethink - Binck

2015

Redesign – Binck

2016 – 2017

Relaunch – Binck

2018 – 2020

Set new strategic direction(Done)

Invest in the development of new product & services

Start profit growth

Relaunch

As from 2018

2-3 YEARS!16

Update on strategy

Financial position

INTRO OUTROHighlights Results16Q1

Q&A

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-21% -36%

-23%

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15Q1 15Q2 15Q3 15Q4 16Q1

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Income from operating activities

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0,5

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2,0

2,5

15Q1 15Q2 15Q3 15Q4 16Q1

Mill

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Transactions Netherlands

1,698

32,0 87,0 47,0 4,0

1,592

0

500

1.000

1.500

2.000

AUM 1/1 2016 Inflow Outflow Market Other AUM 31/3/2016

Mill

ion

s

AuM (Eur million)

16Q1 net-outflow € 55m

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* Each Alex Asset Management customer gets a personalised portfolio. The client portfolio for Alex Asset Management is compiled based on individual customer data and falls within the bandwidth of the investment profile chosen by the customer. The moment the customer starts investing as well as the size of the invested capital are relevant factors that both affect the composition of the portfolio and hence the return achieved. Therefore, the individual performance of a client portfolio may deviate from the return of the sample portfolio.

241

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25 4455

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100

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15Q1 15Q2 15Q3 15Q4 16Q1

Net outflow Alex VB

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15Q1 15Q2 15Q3 15Q4 16Q1

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15Q1 15Q2 15Q3 15Q4 16Q1

Tho

usa

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Transactions Belgium

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-66%

-36%-36%

0,0

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0,6

0,8

1,0

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1,6

15Q1 15Q2 15Q3 15Q4 16Q1

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15Q1 15Q2 15Q3 15Q4 16Q1

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15Q1 15Q2 15Q3 15Q4 16Q1

Tho

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Transactions France

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Tho

usa

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Transactions IT

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Result from operating activities

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+2%

+18%

+62%

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300.000

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600.000

700.000

800.000

900.000

15Q1 15Q2 15Q3 15Q4 16Q1

Income from operating activities

Update on strategy

Financial position

INTRO OUTROHighlightsResults16Q1

Q&A

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16Q1 15Q4 15Q1Net interest income 6,403 6,153 6,424

Net fee and commission income 27,786 30,608 38,439

20,467 20,309 30,516

3,626 7,064 4,204

3,693 3,235 3,719

Other income 2,219 2,685 2,865

Result from financial instruments 337 455 503

Impairment of financial assets 4 (20) (23)

Total income from operating activities 36,749 39,881 48,208Employee expenses 13,468 12,707 14,032

Depreciation and amortisation 6,708 6,989 6,722

Other operating income 13,575 12,493 14,371

Total operating expenses 33,751 32,189 35,125

Result from operating activities 2,998 7,692 13,083Tax (832) (2,225) (3,034)

Share in profit/ (loss) of associates and joint ventures (85) (316) (187)

Net result 2,081 5,151 9,862Result attributable to non-controlling interests (53) (66) 89

Net result attributable to shareholders BinckBank 2,028 5,085 9,951IFRS amortisation 5,379 5,379 5,379

Tax goodwill amortisation 1,102 1,102 1,102

Adjusted net result 8,509 11,566 16,432

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394

464 445

502453

0

100

200

300

400

500

600

15Q1 15Q2 15Q3 15Q4 16Q1

Collaterized lending Credit profile issuer credit rating

Cash

Deposits

AAA

AA+

AA

AA-

A+

A

A-

NR

BBB+

BBB

Coll Lending

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0,0

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1,0

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Q12012

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Q12013

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AuM (Alex Vermogensbeheer)

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operating expenses

Other operating expenses

Depreciation & amortisation

Employee expenses

Leverage ratio’s:

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start sharebuy backprogram

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Update on strategy

Financial position

INTRO OUTROHighlights Results16Q1

Q&A

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This presentation may contain forward-looking statements. Forward-looking statements are statements that are not historical facts, including statements about our beliefs and expectations. Any statement in this document that expresses or implies our intentions, beliefs, expectations, forecasts, estimates or predictions (and the assumptions underlying them) is a forward-looking statement. These statements are based on plans, estimates and projections, as they are currently available to the management of BinckBank N.V. Forward-looking statements therefore speak only as of the date they are made, and we take no obligation to update publicly any of them in light of new information or future events.

Forward-looking statements involve inherent risks and uncertainties. A number of important factors could therefore cause actual future results to differ materially from those expressed or implied in any forward-looking statement. Such factors include, without limitation, the conditions in the financial markets, the reliability of our risk management policies, procedures, systems and methods.

The forward-looking statements contained in this announcement are made as of the date hereof, and we assume no obligation to update any of the forward-looking statements contained in this document.