BBVA CIB INSTITUTIONAL PRESENTATION

1. BBVA Corporate & Investment Banking
As close as you need, as far as you go
Institutional Presentation
February 2016 - Figures as of 31st December 2015

2. Note
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Development team to get a more detailed version of this document.
2

3. Disclaimer
3
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GENERAL DETAILS
Banco Bilbao Vizcaya Argentaria S.A. with registered address at Plaza de San Nicolás, 4 - 48005 Bilbao (Vizcaya), telephone (+34 902
18 18 18), contact email: (https://www.bbva.es/TLBS/tlbs/esp/sistema/form/via-email.jsp).
ENTRY IN THE COMPANY REGISTER
Banco Bilbao Vizcaya Argentaria, S.A. is registered at the Vizcaya Mercantile Registry in volume 2,083, sheet 1, Hoja BI-17-A, 1st
inscription.

4. 4Source: http://shareholdersandinvestors.bbva.com/
BBVA is a global financial group…
30,616
ATMs
66
million
customers
35
countries
9,145
branches
137,968
employees
€ 750
billion in total
assets
North America
USA / Mexico
Europe
Germany / Belgium/ Spain/ France / Holland / Italy /
Luxembourg / Malta / Portugal / U.K. / Romania / Russia /
Switzerland / Turkey
Asia - Pacific
Australia / China / UAE / Hong Kong /
India / Indonesia / Japan / South Korea/
Singapore / Taiwan
South America
Argentina / Bolivia / Brazil / Chile / Colombia /
Paraguay / Peru / Uruguay / Venezuela
12M15 Figures

5. 5Source: BBVA’s 4Q15 Quarterly Report
BBVA’s sound performance and strong financials
12M15 Figures
Gross Income (€ Mm) 23,680
Operating income (€ Mm) 11,363
Net attributable profit (€ Mm) 2,642
Total assets (€ Mm) 750,078
Total equity (€ Mm) 55,439
Customer lending-gross (€ Mm) 432,855
Deposits from customers (€ Mm) 403,069
ROE 5,3%
ROA 0,46%
Efficiency ratio 52,0%
NPL ratio 5,4%
NPL coverage ratio 74%
Ratio CET 1 Ratio phased in 12,1%
Ratio CET 1 Ratio fully loaded 10,3%
Earnings
Balance
sheet
Efficiency/
Profitability
Risk
Management
Solvency

6. Banco Provincial (Venezuela) is rated by Fitch at CCC
6
BBVA’s ratings
BBVA
BBVA
Banco Francés BBVA BBVA
BBVA Banco
Continental
BBVA Banco
Provincial BBVA BBVA
BBVA
Bancomer
BBVA
Compass
Garanti
Bank
Group Argentina Chile Colombia Peru Venezuela Uruguay Paraguay Mexico USA Turkey
Stand Alone Rating baa2 n.r. baa3 baa2 n.r n.r. n.r ba2 baa1 baa2 ba1
Senior Unsecured Baa1 n.r. A3 Baa2 n.r n.r. n.r Ba1 A3 Baa3 Baa3
Long Term Deposits A3 n.r. A3 Baa2 n.r n.r. n.r Ba2 A3 A3 Baa3
Short Term Deposits P-2 n.r. P-2 P-2 n.r n.r. n.r NP P-2 P-2 P-3
Outlook Stable n.r. Stable Stable n.r n.r. n.r Stable Stable Stable Negative
SACP bbb+ 0 bbb 0 bbb 0 bbb- bb- bbb+ bbb + bb+
Long Term BBB + S.D BBB+ n.r BBB n.r BBB BB BBB+ BBB + BB+
Short Term A-2 S.D A-2 n.r A-2 n.r A-2 B A-2 A-2 n.r.
Outlook Stable S.D Stable n.r Stable n.r Stable Stable Stable Stable Negative
Support rating 5 5 n.r 2 2 n.r n.r n.r. 2 2 2
Viability rating a- ccc n.r bbb a- n.r n.r n.r. a- bbb bbb-
Long Term A- n.r. n.r BBB+ A- n.r n.r n.r. A- BBB+ BBB
Short Term F2 n.r. n.r F2 F1 n.r n.r n.r. F1 F2 F2
Perspective Stable n.r. n.r Stable Stable n.r n.r n.r. Positive Stable Stable
Updated as for 28th January 2016
n.r: no rating; NP: Not prime; S.D: selective default;
(*) Under Fitch methodology there is no outlook after ccc
*RWP: rating watch positive; *RWN: rating watch negative
Rating shown = Operational subsidiary rating (which usually issues)
MOODY'S
STANDARD&
POORS
FITCH

7. 7
BBVA has a geographically balanced presence supported by its
strong global franchises
Geographic Mix1
With a strong global franchise:
Corporate & Investment Banking (BBVA CIB)
Gross Income 12M15 (%)
30
28
11
10
19
2
Rest of
Eurasia
Mexico
Spain
USA
Turkey
South
America
Source: BBVA’s 4Q15 Quarterly Report
1) Excludes Corporate Center

8. 8
BBVA CIB is an integral part of BBVA Group
Strategy
& Control
Execution &
Performance
• Corporate&Investment Banking
Juan Asúa
• Country Networks
Vicente Rodero
 Spain: Cristina de Parias
 Mexico: Eduardo Osuna
 USA: Manuel Sánchez
 Peru: Eduardo Torres-Llosa
 Chile: Manuel Olivares
 Colombia: Oscar Cabrera
 Argentina: Martín Zarich
 Venezuela: Pedro Rodríguez
 Turkey: Fuat Erbil
 Others1
New Core
Competences
• Talent & Culture
Donna DeAngelis
• Customer Solutions
Derek White
• Global Marketing & Digital
Sales
Javier Escobedo
• Engineering
Ricardo Moreno
• New Digital Business
Teppo Paavola
Risk
& Finance
• Finance
Jaime Saénz de Tejada
• Global Risk Management
Rafael Salinas
• Global Economics
Regulation & Public Affairs
José Manuel
González-Páramo
• Legal & Compliance
Eduardo Arbizu
• Strategy & M&A
Javier Rodríguez Soler
• Global Accounting &
Information Management
Ricardo Gómez Barredo
• Communications
Paul G. Tobin
• General Secretary
Domingo Armengol
• Internal Audit
José Luis de los Santos
Business
Development
• Spain: David Puente
• USA: José Olalla
• Growth Markets2: Ricardo Forcano
CEO
Carlos Torres Villa
Group Executive Chairman
Francisco González
(1) Others include Paraguay, Uruguay & Switzerland / (2) Growth markets include Mexico, Argentina, Colombia, Chile, Peru, Venezuela and Turkey
Source: http://shareholdersandinvestors.bbva.com/

9. 12M15 Figures
(Banking Business1)
9
BBVA CIB’s contribution to the Group
BBVA Group BBVA CIB % CIB/Group
= Customer Lending 432,855 57,189 13%
= Deposits from customers 403,069 52,813 13%
= Economic Risk Capital 32,278 4,558 14%
= Gross Income 23,680 2,844 12%
= Operating Income 11,363 1,853 16%
= Employees (#) 137,968 3,745 3%
= Efficiency 52,0% 34,8%
Balance Sheet
(€ Mm)
Income
Statement
(€ Mm)
Others
(1) Banking Business excludes Citic / (2) BBVA CIB Business Activity figures consider also GM figures
Source: BBVA’s 4Q15 Quarterly Report. Figures as of 12M15 (all figures in this section including Venezuela)

10. 10
BBVA CIB’s worldwide presence:
As close as you need, as far as you go
3,745 employees...
Americas
1,603
employees
Europe
1,949
employees
Asia
193
employees
… with a presence in 26 countries
Sources: BBVA’s 4Q15 Quarterly Report & BBVA CIB HR, figures as of 31ST December 2015

11. 11
BBVA CIB provides a full range of financial products and services
Global Transaction
Banking
• Cash & Liquidity Management
• Securities Services
• Working Capital
• Trade Finance
Day to day
transactions
and services
Global Markets
• Fixed Income
• FX
• Equity
Risk hedging
and
investment
activities
Global Finance
• Project Finance
• Syndicated Loans
• Acquisition Finance
• DCM
• Financial Advisory
Long term
financing
solutions
Corporate Finance
• ECM
• M&A
Advisory on
capital
structure and
M&A deals

12. BBVA CIB serves large corporate and institutional clients, as well as
other BBVA client segments
12
SME’s &
Retail
-
Sophistication
Size / Global needs
LOCAL CORPORATES & BUSINESSES
Large/medium businesses with local wholesale
banking product needs (advisory, hedging,
capital markets products, …)
GLOBAL CORPORATES
Large businesses with multi-geography and/or multi-
currency needs: advisory, financing, risk hedging,
capital markets, …
Wealth
Management
INSTITUTIONAL CLIENTS & GOVERNMENTS
Pension funds, insurance companies, banks, regulated
global institutions with sophisticated balance management
and investment needs
FINANCIAL SPONSORS
Private Equity, Infrastructure
or Energy Funds

13. BBVA CIB enjoys a solid client franchise, an adequate portfolio
diversification and prudent cost and risk management models
13
1 Customer-centric strategy
3 Strong cost control processes
2 Geographic and product diversification
4 Low risk model

14. Clients are the focus of BBVA CIB strategy
Client Centric model, where the client sets the agenda to follow
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Full Coverage
• Adequate segmentation of
clients and Industry expertise
• Coverage teams across all
geographies, coordinated
with product specialist teams
• Solid relationship with those
clients from our internal
networks
Ad-hoc Product Offer
• Value added products and
advisory services
• Cross-selling opportunities and
diversification of revenues
Client Service Excellence
• Coordination of client interaction
inside the organization (Client
Service Team)
• Presence in e-commerce
channels: www.bbvacib.com
Customer Centric
Strategy

15. Global client coverage model increases product offering and enhances
strategic dialogue with clients
15
Solutions
Financial Advisory
Acquisition Finance
Project Finance
Syndicated Loans
Derivatives
DCM
Trade Finance
FX
Cash Management
Deposits
Working Capital
Securities Services
M&A
ECM
CEO
Touch
points
CFO
Treasurer
HR Manager
Purchase Manager
BBVA CIB
Client Service Team
Corporate Finance
Global Finance
Global Markets
Transaction
Banking
INDUSTRY
BANKERS
GLOBAL
BANKERS
LOCAL
BANKERS
TRANSACTION
BANKERS
COVERAGE
PRODUCT
SPECIALISTS

16. Geographic Mix1
(EFAN Gross Income %, Banking Business2)
Product Mix
(EFAN Gross Income3 %, Banking Business2)
(1)Turkey not included (2) Banking Business excludes Citic; (3) Complement Account figures not considered
Source: BBVA CIB Finance, figures as of 12M15
16
GTB
30%
CF
2%
SSL
26%
GM
42%
S. America
23%
Mexico
18%
USA
12%Asia
2%
R. Europe
9%
Spain
36%
BBVA CIB’s business enjoys a good geographic and product
diversification

17. Gross Income1
(€Mm, Banking Business2)
17(1) At constant Exchange Rate; (2) Banking Business excludes Citic
Source: BBVA CIB Finance, figures as of 12M15
2,7542,741
2,712
12M13
2,625
12M15
2,844
12M14
2,753
EFAN
MtM
+0%
+5%
Maintaining growth in a challenging environment

18. 18
66
33
66
35
31 p.p.
BBVA CIB1 Industry
ex-BBVA*
12M14 12M15 12M1412M15 12M14 12M15
1,7931,753
+3%
12M13
1,853
Efficiency Ratio
(%)
Operating Income1
(EFAN, €Mm, Banking Business2)
(1) At constant Exchange Rates; (2) Banking Business excludes Citic
Sources: Efficiency Ratio Analysis - BBVA CIB Strategy & Business Intelligence Analysis as for 12M15; Operating Income - BBVA CIB Finance, figures as of 12M15
* Industry ex-BBVA: BAML, Citi, BNPP, DB, GS, ISP, JPM, MS, NOM, SAN, UBS, WF
Highly efficient business model ensuring recurrence in PBT generation

19. Complete product catalogue adapted to the needs of BBVA clients
19
Origination, structuring and
execution of equity and equity-
linked financings such as initial
public offerings, follow on
offerings, equity block
transmissions, convertible bonds
and preferred stocks
ECM
Origination, structuring and
allocation to investors of
financing solutions through
bonds and other structured
debt products
DCM
Advisory, origination,
structuring and execution of
financing solutions (leveraged
finance, asset finance, corporate
lending,…)
Global Finance
Investing in international
financial markets, structuring
and risk hedging services on
equity, fixed income and
foreign exchange
Global
Markets
Advisory and execution of
mergers, acquisitions,
divestitures, privatizations,
corporate restructurings…
M&A
Provides solutions for the
efficient payments, collections
& liquidity management, trade
finance, security services and
working capital needs through
different channels and
specialized services
Transaction
Banking

20. We are well positioned in our core markets
20
LatAm
ex-Brazil
Mexico
Spain
DCM
(EUR / USD)
ECM
Syndicated
Loans
(ex PF)
Project
Finance
DCM
(local
currency)
M&A
1 52 2 - - 14
8 22 1 1 12
9 63 2 1 18
FY14
2015 vs. 2014
=
# Ranking FY15
Ranking by
Volume
Source: Dealogic. Rankings by volume. Queries done by January 2015
• M&A: Advisory role in deals announced during the period and with involvement within the regions. Excludes FIG. There is no BBVA Corporate Finance presence in Europe and US and therefore ranking doesn't report it.
• ECM: Global coordinator & bookrunner role; Spain: IPOs, follow-ons & convertibles; Mexico, LatAm and LatAm ex-Brazil: IPOs & follow-ons. This analysis does not reflect the rest of deals where BBVA acts within more junior roles,
BBVA has participated in important deals as Cellnex & Talgo IPOs and capital increase in Merlín Properties with a co-lead manager role, that is not included in the analysis. Search criteria used: Deals value above 50 € Mn
• DCM: Excluding MBS and ABS in Europe/USA and MM&ST in all geographies. In USA ranking for Corporates and in Europe ranking for Platinum/Gold clients
• Syndicated loans: Bookrunner role
• Project Finance: MLA role

21. 21
We are well positioned in our core markets
Ranking by
# of deals
LatAm
ex-Brasil
Mexico
Spain
DCM
(EUR / USD)
ECM
Syndicated
Loans
(ex PF)
Project
Finance
DCM
(local
currency)
M&A
1 92 2 - - 1
10 22 2 1 1
9 82 1 1 1
FY’14
Source: Dealogic. Rankings by number of deals. Queries done by January 2015
• M&A: Advisory role in deals announced during the period and with involvement within the regions. Excludes FIG. There is no BBVA Corporate Finance presence in Europe and US and therefore ranking doesn't report it.
• ECM: Global coordinator & bookrunner role; Spain: IPOs, follow-ons & convertibles; Mexico, LatAm and LatAm ex-Brazil: IPOs & follow-ons. This analysis does not reflect the rest of deals where BBVA acts within more junior roles,
BBVA has participated in important deals as Cellnex & Talgo IPOs and capital increase in Merlín Properties with a co-lead manager role, that is not included in the analysis. Search criteria used: Deals value above 50 € Mn
• DCM: Excluding MBS and ABS in Europe/USA and MM&ST in all geographies. In USA ranking for Corporates and in Europe ranking for Platinum/Gold clients
• Syndicated loans: Bookrunner role
• Project Finance: MLA role

22. Latest
Awards
Our achievements have been recognized by the industry
More information at BBVA CIB website: www.bbvacib.com
Global Transaction Banking
• Best Cash Management Provider for Non Financial Institutions
in Colombia (2015, 2014, 2013) by Euromoney
• Best Cash Management Provider for Non Financial Institutions
in Venezuela (2015, 2014, 2013, 2012) by Euromoney
• Best Cash Management Provider for Non Financial Institutions
in Peru (2015, 2014) by Euromoney
• Country winner at the World’s Best Internet Banks Awards in
Mexico (2015) by Global Finance
22
Global Finance
• Best Road Financing (Rutas de Lima), Best infrastructure
Financing Andes (Rutas de Lima), Best Local Currency
Financing (Rutas de Lima), Best Transport Financing (Metro de
Santiago) by LatinFinance Project & Infrastructure Finance
Awards (2015)
• Americas Infrastructure & PFI 2015 (Freeport LNG's $11bn
refinancing) by The Banker Deals of the Year 2015 (2015).
• 1 Project Finance Deal of the Year (Cameron LNG) by Trade
and Export Finance’s Perfect 10 (2014).
Global Markets
• House of the Year in Latin America (2015, 2014,2013) & Best
Bank in Spain (2013) by Structured Products Awards
• Most Active Trading House in Derivatives Market (2015) in
NYSE and Portugal
• Best Foreign Exchange Providers in Mexico, Spain &
Argentina by Global Finance (2015)
• Best Debt Bank in Latin America by Global Finance (2015)
• 2nd Best Bank in Latam for FX by FX week
Global Advisory
• Best Investment Bank in Spain (2015, 2014, 2013, 2012) &
Best Investment Bank in Mexico (2015) by Global Finance
• Top Bank for Mexico Transportation Investment Banking by
Dealogic (2014)
• M&A Advisor of the Year in Iberia by Financial Times (2014)
• M&A Advisor of the Year in Spain by Mergermarket (winner
2014 & 2011; finalist 2013&2012)

23. 23
Project
Bonds
2015 Italy
Bookrunner &
Mandated Lead Arranger
Loan EUR 430 Mn
Bond EUR 150 Mn
Lima Metro Line 2
Finance Limited
2015 Peru
USD 1.2 Bn
Joint Book-runner
2034 Bonds
2015 Mexico
Certificados Bursátiles
MXN 6.5 Bn
20 years
2015 USA
Joint Lead Arranger,
Joint Lead Bookrunner,
USD 13.1 Bn
Sabine Pass Liquefaction
2015 Spain
Joint Bookrunner
EUR 184.5 Mn
Project Bond
Financial
Advisory
2015 Spain
Financial Advisor &
Mandated Lead Arranger
EUR 48,5 Mm
A-52
Celanova Highway
Refinancing Ruta del Maule
2015 Chile
UF 2,3 Mm
Financial Advisor&
Liability Manager
RUTA DEL
MAULE
Financial Advisor &
Mandated Lead Arranger
EUR 114,000,000
Autoestrada
Costa da Morte PPP
USD 140,000,000
Acquisition of Oil Transport
and Wastewater Disposal
Pipelines
Coordinating Lead
Arranger, Sole
Bookrunner, Interest Rate
Hedge Syndicating Bank,
Lender, Administrative
Agent, Collateral Agent,
Depository Bank
2015 USA 2014-2015 Chile
USD +1.000.00.000
Financial Advisor
Interchile
Highlights of BBVA CIB’s strategic client deals (I)
More information at BBVA CIB website: www.bbvacib.com

24. 24
Project
Finance
2015 France
Bookrunner &
Mandated Lead Arranger
EUR 3.3 Bn
Term Loan and RCF
Acquisition Facilities
Refinancing
2015 Spain
Mandated Lead Arranger
EUR 245.6 Mn
N636 Highway
Gerediaga-Elorrio
Corporate
Loans
Joint Lead Arranger &
Bookrunner
USD 5.25 Bn
2015 Mexico
Joint Lead Arranger &
Bookrunner
USD 1.9 Bn
2015 Colombia
USD 2 Bn
2015 USA
Joint Lead Arranger
Joint Bookrunner
Senior Credit Facilities
EUR Bn
2015 Spain
Bookrunner, Documentation
& Facility Agent
Acquisition Financing
Joint Underwriter
2015 Switzerland
EUR 3.6 Bn
DCM
5, 10 & 30 Year
Joint Bookrunner
USD 6,000 Mm
A3/BBB+/BBB+
2015 Mexico
USD 2,500 Mm
10Y/20Y/30Y
Joint Bookrunner
2015 USA
Bookrunner
PNC 6Y & PNC 5.5Y
EUR 600 Mm &
GBP 750 Mm
2015 UK
Bookrunner
2Y FRN / 3Y FRN /
3Y FXD / 5Y FXD
USD 3,000 Mm
2015 Germany
Bookrunner
15Y
EUR 7,000 Mm
2015 Spain
Baa2/BBB/BBB+
2015 USA
Joint Lead Arranger,
Bookrunner, Co-Structuring
Lead , Syndication Agent,
and Hedge Provider
USD 3,692,000,000
Freeport Train 3
2015 Chile
Financial Advisor. MLA.
Admin Agent and
Hedge Provider
USD 100.000.000
Alto Jahuel Transmisora
de Energía S.A.
2015 México
CLA, Underwriter
and Bookrunner
USD 646,979,202
Waha – Presidio
Highlights of BBVA CIB’s strategic client deals (II)
More information at BBVA CIB website: www.bbvacib.com

25. 25
M&A
Financial Advisor and
Fairness Opinion provider
in the sale of a 24.99%
Stake in OPI to
2015
EUR 507 Mm
to
Financial advisor in the
sale of a 100% stake in
2015
EUR 1.0 Bn
Sole financial advisor in
the sale of 100% of
2015
Confidential
to
Fairness Opinion
Provider of the merger
between
USD 127 Mn
2015
and
2015
Sole financial
advisor in the sale
Gasoductos de
Chihuahua to
USD 1,325 Mn
ECM
Highlights of BBVA CIB’s strategic client deals (III)
More information at BBVA CIB website: www.bbvacib.com

26. As close as you
need, as far as
you go
26

27. BBVA Corporate & Investment Banking
As close as you need, as far as you go
Institutional Presentation
February 2016 - Figures as of 31st December 2015