#1ONLINE BANKING 2 OL AmBank Group TOWARDS A DIGITALISED FUTURE Growing Trust, Connecting People ap AmBank Group 9MFY2022 RESULTS INVESTOR PRESENTATION E 25 FEBRUARY 2022#2GCEO PRESENTATION Dato' Sulaiman Mohd Tahir 3469 9MFY22 Financial snapshot Repayment assistance Loans by stages Outlook for 2022#3Financial Snapshot | 9MFY22 Financial snapshot 9MFY22 Financials Change Resumption of growth, in line with economic recovery 3,542 Income 3% Strong growth in Banking revenues, partially offset by Insurance 9MFY21: 3,423 Expenses 1,537 9MFY21: 1,608 (4%) Expenses well-managed 2,005 PBP 10% • Double-digit PBP growth, CTI of 43.4% Profitability (RM' mil) 9MFY21: 1,816 715 Impairment 11% 9MFY21: 645 1,111 PATMI 28% 9MFY21: 866 Higher impairment charges due to specific and overlay provisions for O&G exposures PATMI growth driven by positive operating leverage and tax adjustments² ROE 9.2% 9MFY21: 6.0% 326bps • ROTE: 9.7% Assets & Gross Loans 119.3 FY21: 114.8 4% • Resumption of loans growth Liabilities 124.7 (RM' bil) Customer Deposits 3% • Deposits driven by both Retail and Business Banking FY21: 120.5 FHC CET1 Capital & Liquidity 13.0%¹ FY21: 11.3%¹ 170bps • CET1 without TA: 11.9% (FY21: 10.4%) FHC LCR 164.0% FY21: 157.5% 650bps • High liquidity AmBank Group 1. 2. With TA- Transitional Arrangements Inclusive of tax credit of RM234m and Cukai Makmur (Prosperity Tax) charge of RM74m 9MFY22 Results - Investor Presentation 3#4Repayment Assistance | Repayment assistance overview Repayment assistance by type of borrowers SME: Repayment assistance by MIA status Retail SME Corporate 32% of total gross loans MIA 1 0.25 bil 3% MIA 2 0.09 bil- 0.02 bil 1% ΜΙΑ 23 0% 29% of total gross loans 36.5 bil 33.7 bil 4.3 bil 2.6 bil 1 18% of total gross loans 15% of total 11.0 bil Total Assistance: RM9.Obil 10.7 bil gross loans 20.4 bil 17.8 bil 4.0 bil 2.2 bil 1 ΜΙΑ Ο 8.60 bil 96% 4.7 bil 21.2 bil 9.0 bil 20.4 bil Retail: Repayment assistance by MIA status 11.7 bil 6.6 bil MIA 2 MIA ≥3 0.2 bil 0.5 bil 3% As at 3 Jul 21 As at 13 Aug 21 As at 12 Nov 21 7% As at 18 Feb 22 MIA 1 % of total gross 0.6 bil As at 3 Jul 21 As at 13 Aug 21 As at 12 Nov 21 As at 18 Feb 22 loans 10% Retail 10% 18% 18% 5% SME 4% 10% 9% 8% Total Assistance: RM6.6bil Corporate 4% 4% 2% 2% 1. Outstanding Corporate R&R loans (previous periods based on approved Corporate R&R amount) AmBank Group 9MFY22 Results - Investor Presentation MIA O 5.3 bil 80% 4#5Repayment Assistance | PHRA¹- Expiry and Rollover Retail Re-enrollment Retail SME (RSME) Total re-enrolment (a): RM1.91 bil 20.4 (13.8) 1.6 Re-enrollment 2.4 (1.2) 0.4 1.12 6.6 3.8 0.6 0.1 0.2 12 Nov 21 18 Feb 22 Mar'22 (estimated) Jun'22 (estimated) 12 Nov 21 5 Feb 22 Mar'22 (estimated) Jun'22 (estimated) Re-enrolment (a) RM1.56bil Re-enrolment (a) RM0.35bil - Financial Management and Resilience Programme (URUS) RM0.07bil - Flood Relief Programme RM0.12bil - AmBank's Repayment Assistance Programme RM1.36bil 1. 2. PHRA = Payment Holiday/Repayment Assistance RM9.0bil total SME loans under Repayment Assistance (pg 4), of which RM 1.1bil relate to RSME 9MFY22 Results - Investor Presentation AmBank Group 5#6Loans | Loans by stages Loans by ECL Stages (RM' bil) Stage 1 Stage 2 Stage 3 Breakdown by Business Segments (%) Stage 1 BNM 6-month blanket loan Targeted Repayment Assistance PEMULIH moratorium WB 107.4 110.6 111.9 114.8 115.6 115.6 119.3 RB 2% 2% 2% 2% 2% 1% 1% BB 12% 12% 13% 13% 13% 15% 13% 86% 85% 84% Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Stage 2 86% 87% 85% 85% 85% 84% 86% RB BB WB Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 15% 13% 13% Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Loans Stage 3 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 (RM'bil) BB Stage 1 92.6 95.7 94.9 97.3 98.2 96.6 102.0 WB Stage 2 13.0 13.1 15.0 15.7 15.6 17.3 15.7 RB 2% 1% 1% Stage 3 1.8 1.8 2.0 1.8 1.8 1.7 1.6 Total 107.4 110.6 111.9 114.8 115.6 115.6 119.3 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 AmBank Group 9MFY22 Results - Investor Presentation 6#7Market Outlook | Outlook for 2022 MALAYSIA GDP Growth 5.4% to 6.0% Inflation 2.4% to 2.6% BANKING Loans growth 4.0% to 5.0% Export growth 8.0% to 10.0% USD/MYR outlook $$$ 4.20 to 4.25 SECTOR Asset Quality E$$ $ Stable AmBank Group 9MFY22 Results - Investor Presentation. OPR 2.00% to 2.5% (1 or 2 rate hike; +25bps each during H2FY22) Liquidity & capital positions Resilient 7#8GCFO PRESENTATION Jamie Ling 8-24 Financial Overview#9Financial Overview | Q3FY22 Financial overview 1 2 Capital, Liquidity and Funding • • CET1 at 13.0%, adequate loss absorption capacity. CET1 at 11.9% (without Transitional Arrangements) Highly liquid (FHC LCR of 164.0%, LDR 95.7%) Q3FY22 Results (QoQ) • • • • Income up 6% to RM1,183mil Reported NII of RM845mil, up by 6%. NIM of 2.09% (Q2FY22: 2.03%) Noll at RM338mil, up 5% due to higher fee income in Retail and Corporate Banking as well as higher Markets trading income Expenses up 3% to RM529mil, CTI at 44.7% (Q2FY22: 45.8%) PBP up 8% to RM654mil Higher net impairment charge of RM337mil (Q2FY22: RM174mil) mainly due to higher overlay provisions for oil and gas exposures Total overlay reserves carried forward of RM945mil • RM'mil Overlay FY20 FY21 Q1FY22 Q2FY22 Q3FY22 167.3 578.2 87.2 67.6 44.9 Total carried forward 945.2 Q3FY22 PATMI of RM403mil (tax credit of RM234mil, partially offset by RM74mil Prosperity Tax expenses), with annualised ROE of 9.8% AmBank Group 9MFY22 Results - Investor Presentation 9#10Financial Overview | 9MFY22 Performance summary - P&L P&L (RM' mil) Q2FY22 Q3FY22 QoQ Change 9MFY21 9MFY22 YoY Change Total Income 1,121 1,183 6% 3,423 3,542 3% Expenses PBP 514 529 3% 1,608 1,537 (4%) 607 654 8% 1,816 2,005 10% Net Impairment 174 337 94% 645 715 11% PATMI 321 403 26% 866 1,111 28% Financial Q2FY22 Q3FY22 QoQ Change 9MFY21 9MFY22 YoY Change Indicators CTI 45.8% 44.7% (110bps) 47.0% 43.4% (360bps) NIM 2.03% 2.09% 6bps 1.85% 2.06% 21bps ROE 7.9% 9.8% 190bps 6.0% 9.2% 320bps Basic EPS (sen)¹ Net Assets per Share (RM) 1. Computed based on weighted average number of shares AmBank Group 9MFY22 Results - Investor Presentation 9.69 12.18 26% 28.79 33.71 17% 4.87 4.97 2% 6.50 4.97 (24%) 10#11Financial Overview | 9MFY22 Performance summary - balance sheet Balance Sheet (RM' bil) Gross Loans GIL LLC1 Q2FY22 Q3FY22 QoQ Change FY21 9MFY22 YTD Change 115.6 119.3 3% 114.8 119.3 4% 1.44% 1.35% (9bps) 1.54% 1.35% (19bps) 159.0% 164.4% 540bps 135.6% 164.4% 2880bps Customer Deposits 115.9 124.7 8% 120.5 124.7 3% CASA 35.6 37.4 5% 35.8 37.4 5% Capital Indicators Q2FY22 Q3FY22 QoQ Change FY21 9MFY22 YTD Change FHC CET1 - with TA² 12.7% 13.0% 35bps 11.3% 13.0% 170bps - without TA 11.6% 11.9% 35bps 10.4% 11.9% 149bps FHC Tier 1 - with TA² 12.7% 13.0% 35bps 11.3% 13.0% 170bps - without TA 11.6% 11.9% 35bps 10.4% 11.9% 150bps FHC Total Capital - with TA² 15.6% 16.0% 33bps 14.5% 16.0% 147bps - without TA 15.1% 15.4% 33bps 14.1% 15.4% 130bps 1. With regulatory reserves 2. With TA Transitional Arrangements AmBank Group 9MFY22 Results - Investor Presentation 11#12Underlying | Additional items to highlight P&L (RM' mil) Q2FY22 Q3FY22 QoQ Change 9MFY21 9MFY22 YoY Change Income - Reported 1,121 1,183 6% 3,423 3,542 3% Net modification loss/ (unwinding) (a) (34) (48) 15 (115) Income after adjusted items 1,087 1,135 4% 3,438 3,427 Expenses PBP - Reported 514 529 3% 1,608 1,537 (4%) 607 654 8% 1,816 2,005 10% 573 606 6% 1,831 1,890 3% PBP after adjusted items Impairment - Reported 174 337 94% 645 715 11% Overlay (b) (68) (45) (275) (200) Impairment after adjusted items 106 292 >100% 370 515 39% Adjusted items @ 33% tax (c) 11 (1) 701 28 PATMI - Reported (d) 321 403 26% 866 1,111 28% Tax credit (e) (234) (234) Prosperity Tax (f) 74 74 PATMI after adjusted items (g) = (d) + (a) - 344 241 (30%) 1,086 1,008 (7%) (b) - (c) + (e) + (f) Ratios CTI - Reported CTI after adjusted items 1. 9MFY21 adjusted items are computed based on 24% tax AmBank Group 9MFY22 Results - Investor Presentation 45.8% 44.7% (1.1%) 47.0% 43.4% (3.6%) 47.3% 46.6% (0.7%) 46.8% 44.8% (2.0%) 12#13Income | QoQ and YoY income growth driven by Banking revenues Business Segments Q2FY22 Q3FY22 QoQ Change 9MFY21 9MFY22 YoY Change (RM' mil) Wholesale Banking 324 345 6% 1,104 983 Investment Banking 92 88 (4%) 247 279 (11%) 13% Retail Banking 413 426 3% 1,180 1,264 7% Business Banking 126 144 14% 366 412 13% Group Funding & Others 37 62 66% (16) 172 >100% Total Income - Banking 993 1,066 7% 2,880 3,110 8% General Insurance 123 115 (6%) 511 400 (22%) 128 117 (8%) 544 432 (20%) Life Insurance 5 2 (65%) 33 32 (3%) Total Income 1,121 1,183 6% 3,423 3,542 3% Underlying Underlying 1,150 1,132 1,157 1,073 1,205 1,087 1,135 RM' mil 1,238 1,155 1,176 1,183 1,105 1,065 1,069 1,092 1,129 1,121 989 420 338 397 415 326 321 383 395 389 285 479 (48) (191) (561 (331) N (341 ****123* 721 669 680 704 740 779 803 818 800 845 614 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Net Interest Income Non-interest Income 1. AmBank Group 9MFY22 Results - Investor Presentation Q1FY21 Q2FY21 Net modification impact-loss/ (unwinding) Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 13#14PBP & PATMI | Improved operating leverage, CTI 43.4% (47.0% a year ago) Business Segments Q2FY22 Q3FY22 QoQ Change 9MFY21 9MFY22 YoY Change (RM' mil) Wholesale Banking 262 281 7% 900 794 (12%) Investment Banking 47 44 (6%) 115 150 31% Retail Banking 207 209 1% 540 636 18% Business Banking 91 106 16% 253 304 20% Group Funding & Others (48) (20) 58% (246) (75) 70% PBP - Banking 560 620 11% 1,561 1,809 16% General Insurance 43 32 48 48 (24%) 221 164 (26%) 34 (28%) 254 196 (23%) Life Insurance 5 2 (65%) 33 32 (3%) PBP 607 654 8% 1,816 2,005 10% PBP (LATMI) / PATMI ROE 8.8% 8.3% RM' mil 536 391 543 7.0% 320 552 5.4% 7.7% 5.4% 4.9% 10.0% 9.8% 7.9% 743 631 631 654 611 605 (332) 607 488 582 N (232) (192) (482) (562) 710 (342) 608 611 606 382 554 417 548 423 573 403 375 375 52³N 363 344 295 1271 1383 233 N 313 387 365 321 248 237 264 (1623) 241 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY214 Q1FY22 Q2FY22 Q3FY22 1 2 3 4 3. 4. 1. Overlay 2. Net modification impact Net modification impact, overlay and tax adjustments @ 33% (previous financial years at 24% tax) Adjusted PATMI for Q4FY21 and FY21 are RM284mil and RM1,370mil respectively (excluding net mod impact, overlay, Settlement and related expenses, goodwill and other impairment ) AmBank Group 9MFY22 Results - Investor Presentation (4,693) -103.4% 14#15Group P&L | P&L walk NIM Noll % CTI Effective Tax Rate 9MFY22 2.06% 30.5% 43.4% 8.6% 9MFY21 1.85% 37.7% 47.0% 18.1% YoY Growth 9% ▼(16%) >100% 3% (4%) 10% 11% ▲ 10% (47%) ▲ 23% (28%) ▲ 28% 866 201 212 71 130 70 70 100 25 1,111 RM' mil Net Interest Non-Interest Income Income Net mod impact Total Income Tax & Expenses PBP Impairment PBT PAT MI PATMI Zakat 9MFY22 2,348 1,079 115 3,542 1,537 2,005 715 1,290 1131 1,177 66 1,111 9MFY21 2,147 1,291 (15) 3,423 1,608 1,816 645 1,171 214 957 91 866 1. Positive growth in 9MFY22 Contraction in 9MFY22 Inclusive of tax credit of RM234m and Cukai Makmur (Prosperity Tax) charge of RM74m AmBank Group 9MFY22 Results - Investor Presentation 15#16NIM | Progressive margin growth QoQ and YoY Net Interest Margin (NIM) Movement (QoQ) bps Divisions 0.0 4.2 0.1 203 9.0 1.8 194 2.4 Q2FY22 Reported Net modification impact 1.9 Funding + Deposits 1.1 3.2 YoY NIM 9MFY22: Reported: 2.06% (▲ 21bps) Underlying: 1.96% ( 10bps) 9MFY21: Reported: 1.85% Underlying: 1.86% Underlying: 2bps 12.1 Reported: ▲ 6bps 196 209 Q2FY22 Underlying Retail Banking Wholesale Banking Investment Banking Business Banking General Insurance Asset mix Interbank / Group Funding Deposits Q3FY22 Underlying Net Q3FY22 modification Reported impact Contraction in 9MFY22 Positive growth in 9MFY22 NIM Trend Gross Yield COF NIM 4.93% 4.83% 4.84% 4.63% 3.95% 3.77% 3.84% 3.75% 3.72% 3.68% 3.73% 3.58% 3.37% 3.22% 3.11% 2.96% 2.62% 1.87% 1.91% 2.02% 2.16% 2.03% 1.95% 2.08% 2.08% 2.03% 2.09% 1.96% 1.59% 1.92% 1.96% 1.87% 1.84% 1.84% 1.82% 1.81% Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 AmBank Group 9MFY22 Results - Investor Presentation. Q3FY22 excluding net mod impact 16#17Noll Lower GTM trading gains and Insurance income, partially offset by higher Corporate and Investment Banking income YoY Growth 28% (59%) 11% (5%) 1% (3%) (23%) (3%) (27%) (16%) 1,291 22 149 1 23 4 3 99 1 2 1,079 Corporate & RM' mil Transaction Group Treasury Investment Banking & Wealth Mgmt Other Retail Business Banking General Insurance Life Insurance Banking & Markets Fund Mgmt Group Funding & Others Noll 9MFY22 99 104 236 91 104 86 323 32 5 1,079 9MFY21 78 253 213 95 102 88 421 33 7 1,291 Positive growth in 9MFY22 Contraction in 9MFY22 9MFY21 Noll 9MFY22 Noll AmBank Group 9MFY22 Results - Investor Presentation 17#18Expenses | Cost well-managed Business Segments Q2FY22 Q3FY22 QoQ Change 9MFY21 9MFY22 YoY Change (RM' mil) Wholesale Banking 62 64 4% 203 189 (7%) Investment Banking 45 44 (2%) 133 129 (3%) Retail Banking 207 217 5% 639 628 (2%) Business Banking 35 38 8% 113 108 (5%) Group Funding & Others 85 82 (4%) 230 246 7% Expenses - Banking 434 446 3% 1,318 1,300 (1%) General Insurance 80 83 4% 289 237 (18%) Expenses 514 529 3% 1,608 1,537 (4%) Expense Growth Driver (YoY) RM' mil 1,608 40 40 15 25 25 221 41 1,537 9MFY21 Staff Cost Admin & General Sales & Marketing Others 9MFY22 Positive P&L impact in 9MFY22 Negative P&L impact in 9MFY22 a AmBank Group 9MFY22 Results - Investor Presentation Expense and CTI Trend RM' mil 49.7% 49.2% 50.0% 50.7% 49.3% 45.4% 46.4% 46.5% 45.8% 44.7% 40.0% 552 529 526 539 545 524 529 501 525 514 495 Q1FY20 Q2FY20 Q3 FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 18#19Loans | Broad-based loans growth Gross Loans Movement (RM' bil) Breakdown by rate sensitivity: Fixed rate 21% Variable rate -79% Breakdown by concept: Islamic -33% Breakdown by customers type: Retail -55% ROA¹: ROTA¹: 0.93% 0.94% Conventional - 67% Non-retail -45% YTD Growth 1% ▲ 6% (4%) 5% 5% (3%) (0%) 4% 20% 4% Composition 12% 15% 1% 15% 35% 11% 2% 4% 5% 100% 114.8 0.9 2.0 0.2 0.4 0.0 0.8 1.0 0.1 0.1 9MFY22 FY21 FY20 Gross loans trend (RM'bil) YTD Growth Industry 119.3 4% 3%2 114.8 ▲ 7% 4%3 107.2 ▲ 5% 4%3 119.3 FY21 MidCorp Large Corp & Others Investment Banking Business Banking Mortgage Auto Finance Cards Retail SME Others 9MFY22 Wholesale 4% Retail 4% 1. Annualised Positive growth in 9MFY22 Contraction in 9MFY22 2. Based on BNM data from end Mar'21 to end Dec'21 3. Based on BNM data and in accordance with AMMB's financial period AmBank Group 9MFY22 Results - Investor Presentation 19#20Asset Quality | Additional provisions for O&G sector Net Impairment (YoY Movement) RM' mil Overlay: Q1FY22: 87.2 Q2FY22: 67.6 Q3FY22: 44.9 Gross Impaired Loans, GIL and LLC Ratios Retail Wholesale Loan Loss Coverage 1 Business GIL Ratio 100.5% 114.0% 93.4% 135.6% 103.4% 164.4% 274.4 644.5 370.1 44.5 1.70% 1.73% 1.59% 1.54% 1.73% 1.35% 199.7 7.8 119.9 258.9 RM' mil 1,936 1,853 1,770 1,638 254 1,608 1,621 283 260 209 714.6 217 260 592 514.9 646 628 749 676 591 560.7 9MFY21 Overlay 9MFY21 ECL ECL Individual Others before overlay Stage 1 & Stage 3 Allowance Recoveries 2 9MFY22 before overlay Overlay 9MFY22 1,090 924 882 681 728 757 Positive P&L impact in 9MFY22 Negative P&L impact in 9MFY22 FY18 1. FY19 FY20 FY21 9MFY21 9MFY22 Impairment Reserves (Balance Sheet) Includes regulatory reserve of RM703m (FY18), RM450m (FY19), RM388m (FY20), NIL (FY21), RM54m (9MFY21) and RM8m (9MFY22) Credit Cost and New Impaired Loans Formation RM' mil Non-performing / impaired loans Performing loans 1,922 AmBank Group FY18 FY19 FY20 FY21 9MFY21 9MFY22 9MFY22 (excl. Impairment Reserves FY20: overlay) 1,746 1,343 FY21: 2,401 9MFY22: 2,637 ! 1,528 1,312 Net credit cost³ (%) 0.00% -0.30% 0.30% 0.97% 0.79%4 0.72%4 0.50%4 I 823 Credit cost³ (excl. recoveries) (%) 0.47% 0.53% 0.62% 1.28% 1.13% 0.91%4 0.69%4 335 540 272 Stage 2 197 247 262 204 433 394 75 121 176 New Impaired Loans Formation (RM' mil) 1,162 1,123 1,491 990 972 943 N/A Stage 1 283 Individual FY20 Allowance FY21 ECL Stage 3 / CP ECL Stage 1 & 2 / ECL - Off BS 2 34 3. Includes loan loss allowances only Defaulted CP Non defaulted Annualised ■9MFY22 2. Includes overlay AmBank Group 9MFY22 Results - Investor Presentation 20 20#21Asset Quality | Maintaining surveillance on sector exposure Impaired Loans by Sector Loans by Internal Risk Grade ~ Mar'21 Dec'21 Strong Very Strong Satisfactory ~ Moderate ~ Marginal Substandard Impaired Sector Composition YTD Change 8% RM' mil RM' mil 4% RM' bil Agriculture 80 10 1% (88%) 9MFY22 2.5 Mining and quarrying 38 189 12% >100% Manufacturing 194 210 13% 23%¹ 8% Oil & Gas: Approx. 2% of Total Gross Loans 46% FY21 2.7 O&G Bonds/Sukuk: Dec'21: RM0.4 bil Mar 21: RM0.4 bil Mar'20: RM0.7 bil Electricity, gas and water 4 6 73% FY20 1. Belongs to specific 2.3 O&G customer Construction 92 83 5% (10%) 19% Wholesale, retail trade, hotels and restaurants 202 158 10% (22%) 2% 7% Transport, storage and communication 59 18 1% (69%) RM' bil Finance and insurance 1 1 9% 9MFY22 Real estate Business activities 4.2 4.7 FY20 4.9 313 275 17% (12%) Construction: Approx. 4% of Total Gross Loans 50% FY21 41% 42 39 3% (7%) Education and health 7 6 (14%) Household of which: 739 613 38% (17%) 4% - Residential Properties 531 464 29% (13%) 11% - Transport Vehicles 68 50 3% (26%) 9MFY22 - Others 140 99 6% (30%) Total 1,770 1,608 100% (9%) Real Estate: Approx. 6% of Total Gross Loans FY21 52% FY20 33% AmBank Group 9MFY22 Results - Investor Presentation RM' bil 7.1 7.7 8.1 21#22Deposits | Highly liquid Deposits (RM' bil) Customer Deposits Trend 9MFY22 FY21 FY20 YTD Growth Industry 124.7 3% 4%1 120.5 7% 6%2 113.0 6% 2%2 CASA (RM' bil) and CASA Composition (%) CASA Trend YTD Growth Industry 9MFY22 37.4 5% 5%¹ FY21 35.8 24% 21%2 FY20 28.8 16% 10%2 Retail CASA Non-Retail CASA CASA Composition (%) Retail FD Non-Retail FD AmBank Group Deposits Market Share (%) Retail CASA Non-Retail CASA 30.7% 29.7% 29.7% 29.9% 30.0% 5.7% 5.6% 5.8% 5.8% 5.8% 28.1% 26.8% 5.5% 5.4% 124.7 119.0 120.5 37.4 114.3 114.8 114.1 115.9 35.8 35.6 34.1 33.5 34.1 19.7 17.8 19.5 16.8 19.0 17.6 18.2 30.6 19.7 19.5 18.2 17.6 51.2 19.0 17.8 53.8 53.8 50.3 47.8 46.6 45.6 16.8 17.4 17.7 16.5 13.8 15.1 15.6 16.3 13.8 15.1 15.6 16.3 16.5 17.4 17.7 33.4 32.9 31.8 31.0 33.4 34.7 36.1 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Retail Deposit 41.3% 41.8% Mix Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 39.8% 39.2% 43.8% 44.9% 43.1% Retail CASA Mix 45.2% 44.2% 46.7% 45.5% 48.5% 48.8% 47.4% 1. Based on BNM data from end Mar'21 to end Dec'21 2. AmBank Group Based on BNM data and in accordance with AMMB's financial period 9MFY22 Results - Investor Presentation 22 22#23Capital | Strong capital and liquidity position RWA/Total Assets FHC Capital Adequacy Ratios³ RM' bil Total Assets 72.2% 65.0% RWA/Total Assets¹ Peers 2 66.7% 64.4% 63.6% CET 1/Tier 1 Total CAR 16.0% 15.4% 15.8% 15.4% 14.5% 57.2% 13.6% 14.1% 59.3% 58.4% 58.5% 58.1% 11.9% 12.4% 13.0% 11.9% 11.1% 158.8 169.2 170.2 179.6 10.4% 11.3% 137.9 FY18 FY19 FY20 FY21 1. FHC RWA/Total Assets 2. Based on an average of our seven peer domestic banks as at 30 September 2021 FHC CET1 (QoQ Movement) FY18 FY19 FY20 9MFY22 FY21 FY21 (without TA) (without TA) (with TA) 4 4 9MFY22 9MFY22 (with TA) 3. After deducting proposed dividends 4.Transitional Arrangements Liquidity Ratios Ratios FY20 FY21 9MFY22 12.69% 1.12% 13.03% 11.56% 0.34% 0.07% 11.92% FHC LCR 158.2% 157.5% 164.0% 1.13% 0.05% LDR 94.9% 95.2% 95.7% LTAF7 81.5% 81.3% 80.1% Q2FY22 TA Q2FY22 Profit CET (with TA) CET (without TA) for Q3FY22 5 AmBank Group 6 RWA Others Q3FY22 CET1 (without TA Q3FY22 CET1 (with TA) TA) 9MFY22 Results - Investor Presentation 5. Q3FY22 profit has not been audited, therefore was not recognized for regulatory purpose 6. Credit RWA: 0.08%; Market RWA: 0.01%; Operational & Other RWA: -0.02% 7. Loan-to-Available-Funds ratio (LTAF) refers to gross loans (excluding financing funded by Islamic Investment Accounts and loans sold to Cagamas) divided by deposits plus borrowings and sub debt 23#24Summary I 9MFY22 Summary Income momentum improving Post MCO Cost efficiency Maintaining positive JAWS AmBank Group 9MFY22 Results - Investor Presentation. $ O $ Adequate provisions Additional overlay provisions for O&G exposures Strong balance sheet position Capital build on track 24#25THANK YOU 9#269MFY22 Results | Yearly performance (LATMI) / PATMI (RM' mil) & ROE (%) (LATMI) PATMI ROE (%) 8.8% 7.4% 7.0% PATMI: ROE: YoY Growth 28.2% YoY Growth 3.2% 9.2% 6.0% 1,132 1,505 1,341 866 1,111 FY18 FY19 FY20 FY21 9MFY21 9MFY22 (3,826) -20.2% Cost to Income Ratio and Expenses Growth (%) CTI: CTI Expenses Growth CAGR FY18-FY21: YoY Growth Expenses: (4.7%) CAGR FY18-FY21: (3.6%) (4.1%) Total Income (RM' mil) and Non-interest Income (%) Total Income Non-interest Income % Total Income CAGR FY18-FY21: 4.6% YoY Growth 3.5% 38% 34% 34% 36% 38% 30% 4,552 3,979 4,227 3,922 3,423 3,542 FY18 FY19 FY20 FY21 9MFY21 9MFY22 ROA (%) and EPS (Basic) EPS ―ROA¹ 1.08% 0.91% 0.93% ROA: EPS: YoY Growth ▲ 0.2% YoY Growth 17.1% 0.77% 0.93% 60.8% 54.3% 49.9% 46.8% 47.0% 43.4% 37.6 50.0 44.6 28.8 33.7 FY18 FY19 FY20 FY21 9MFY21 9MFY22 12.0% -1.1% 1.1% 0.0% -4.4% -12.0% FY18 FY19 FY20 FY21 9MFY21 9MFY22 AmBank Group 9MFY22 Results - Investor Presentation 1. Annualised (127.2) (2.24%) 26#27Noll & PATMI/(LATMI) | Non-interest income and PATMI mix Non-interest Income by Lines of Business (YoY) (22%) Insurance 33% 8 Other Retail 3% 6% Insurance 33% (22%) ▼(27%) 28% Others 1% Corporate Banking 9% ▼(27%) (39%) Others 0% Non-interest income RM1,079 mil Wholesale Banking 19% Retail Banking 18% Business Banking 8% (3%) (2%) Group Treasury & Market 10% (59%) Other IB businesses 7% ▲ 42% PATMI by Lines of Business (YoY) 4% Business Banking 16% Investment Banking 22% Equity Markets 4% (21%) ▲ 34% Investment Banking 11% ▲ 11% Cards 3% Wealth Management 8% Business Banking 8% (1%) ▼(3%) (5%) AmBank Group 9MFY22 Results - Investor Presentation. Fund Management 11% 11% 1. (21%) ▲ 98% Group Funding Insurance 9% & Others 0% Reported RM1,111 mil Wholesale Banking 26% After deducting share of minority interests (49%) Retail Banking 38% ▲ 58% 27#28Asset Quality | Impairments Net Impairment / (Writebacks) and GIL Ratio Total impairments by category (RM' mil) Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 QoQ Change 9MFY21 9MFY22 YoY Change ECL Stage 1 & 2 / CP - Non defaulted 31 121 454 310 122 124 (56) (>100%) 606 190 (69%) ECL Stage 3/CP - Defaulted Individual Provisions Recoveries Other Provisions¹ 89 265 (98) 131 118 85 98 15% 257 301 17% 2 78 (3) 81 12 21 303 >100% 77 336 >100% (79) (114) (93) (65) (57) (61) (48) (21%) (286) (166) (42%) 7 (17) 2 36 9 5 40 >100% (8) 54 >100% Total net impairments 50 333 262 492 204 174 337 94% 645 715 Of Which Overlay 10 205 60 304 87 68 45 (34%) 275 200 11% (27%) Total impairments by divisions (RM' mil) Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Wholesale Banking (4) 143 21 98 68 101 258 Q3FY22 QoQ Change 9MFY21 >100% 9MFY22 YoY Change 160 427 >100% Investment Banking (2) (1) (1) (0) (2) (8) (0) (94%) (4) (10) (>100%) Retail Banking 36 (8) 160 345 43 (5) 43 >100% 188 81 (57%) Business Banking 5 (0) 24 32 22 52 (1) (>100%) 29 73 >100% Group Funding & Others 12 201 58 19 72 32 39 22% 271 143 (47%) General Insurance 2 (3) 0 (2) (0) 1 (1) (>100%) (1) 0 >100% Total net impairment 50 333 262 492 204 174 337 94% 645 715 11% GIL Ratio (%) Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 QoQ Change YoY Change Wholesale Banking Investment Banking 1.44% Retail Banking 1.29% 1.11% 1.71% 2.21% 2.45% 1.94% 2.03% 1.94% 0.02% 1.34% 1.71% 1.85% 14bps (9bps) 0.45% 0.03% 0.02% 0.01% 0.01% ≈2 (2bps) Business Banking Group Industry 1.97% 1.82% 1.58% 1.66% 1.57% 1.73% 1.54% 1.44% 1.37% 1.57% 1.58% 1.36% 1.51% 1.30% 1.12% (18bps) (59bps) 1.90% 1.66% 1.44% (22bps) (14bps) 1.56% 1.44% 1.35% (9bps) (38bps) 1.62% 1.57% 1.44% (13bps) (13bps) 1. Includes trade & sundry debtors and provision for contingencies AmBank Group 9MFY22 Results - Investor Presentation 28#29Loans | Loans by sector vs industry AmBank Group (RM' bil) Loans Composition YTD Growth Loans Composition YTD Growth 2% 2% 13% 1% 4% 8% 5% 4% 6% 866 1% 54% 100% (3%) (9%) ▲ 3% (3%) ▼(11%) 12% 26% ▲ 13% ▼(8%) 22% ▲ 4% (15%) ▲ 4% ■Dec'21 4.2 10.0 5.4 7.1 2.6 2.7 1.2 5.6 1.2 15.1 64.2 0.0 119.3 Agriculture Mining & Quarrying Manufacturing Electricity, Gas & Water Construction Wholesale, Retail, Hotels & Restaurant Transport, Storage & Com Finance, Insurance, Real Estate Education & Health Household Others Total Loans & Biz Act 33.8 10.4 17.6 55.4 14.1 132.4 89.1 44.4 153.6 121.6 112.9 Dec'21 2% 1,128.5 1,913.7 7% 1% 5% 8% 2% 6% 6% 3% 59% 1% 100% ▼(1%) (4%) 5% 10% (6%) ▲ 8% 10% ▲ 3% ▼(1%) 5% 4% (5%) ▲ 3% Industry (RM' bil) Source: BNM, financial statements AmBank Group 9MFY22 Results - Investor Presentation 29 29#30Divisional Performance#31Wholesale Banking | Wholesale Banking Total Income (YoY Movement) and Total Assets by Line of Business PAT Trend (RM' mil) QoQ Growth: YoY Growth: ▲ 1% Transaction Banking 17% Group Treasury Markets 64% Group Treasury & Markets 47% (26%) Total Income RM983 mil Transaction Banking 6% Wholesale Banking Coverage 30% Wholesale Banking Coverage 36% Total Assets RM85.7b 12% 248 9MFY21: 573 125 200 93 9MFY22: 292 143 127 (83%) (49%) 22 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Corporate Banking Loan Disbursement and Repayment Disbursement Q1FY21 Q2FY21 Repayment Disbursement QoQ Mvmt: 93% *Disbursement YoY Mvmt: 4% Repayment QoQ Mvmt: (21%) *Repayment YoY Mvmt: (29%) Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 *Note: YoY mvmt - 9MFY22 vs 9MFY21 AmBank Group 9MFY22 Results - Investor Presentation 31#32Wholesale Banking Wholesale Banking Income Statement YoY Growth 1% (39%) (11%) (7%) (12%) >100% (51%) (56%) (49%) RM' mil Net Interest Income Non-Interest Income Total Income Expenses PBP Impairment PBT Tax PAT 9MFY22 780 203 983 189 794 427 366 74 292 9MFY21 9MFY22 PAT 773 9MFY21 PAT 331 1,104 203 900 160 740 167 573 Positive growth in 9MFY22 Contraction in 9MFY22 Balance Sheet (RM' mil/%) Key Ratios FY21 9MFY22 YTD Change FY21 9MFY22 YTD Change Gross Loans/Financing 30,922 32,011 (4%) GIL Ratio 2.03% 1.85% (18bps) Gross Impaired Loans 628 591 (6%) CTI 19.3% 19.2% (10bps) Customer Deposits 61,203 57,183 (7%) Loan Loss Coverage 83.6% 117.0% >100bps CASA 13,477 13,756 2% ROA¹ 0.86% 0.51% (35bps) AmBank Group 9MFY22 Results - Investor Presentation. 1. Annualised 22 32#33Investment Banking | Investment Banking League Table DCM (Overall MYR Bonds) Islamic Sukuk Unit Trust Market Share¹ As At 31 December 2021(%) Rank² 11.8% 4 Market Share of Value and Volume Traded on Bursa (KLSE)¹ Trading Value Trading Volume 3.6% 3.6% 3.4% 3.2% 3.2% 10.3% 4 ►> 5.0% 4.9% 4.8% 4.3% 4.0% 7.6% 5▶ Stockbroking³ 4.0% 8 M&A³ Fund Raising³ 1. Calendar Year data 2. Comparing rank movement with 30 September 2021 3. Rank by value 29.0% 1 ►> 2017 2018 2019 2020 2021 13.9% 3 ▼ AmBank Group 9MFY22 Results - Investor Presentation Fund Management - AUM (RM' bil) 40.5 35.7 47.9 49.0 42.1 FY18 FY19 FY20 FY21 9MFY22 33#34Investment Banking | Investment Banking Income Statement YoY Growth 27% 11% 13% (3%) 31% >100% 36% 41% 34% RM' mil Net Interest Income Non-Interest Income Total Income Expenses PBP Impairment PBT Tax PAT 9MFY22 43 236 279 129 150 (10) 160 35 125 9MFY21 34 213 247 133 115 (4) 118 25 93 9MFY22 PAT 9MFY21 PAT Balance Sheet (RM' mil/%) Positive growth in 9MFY22 Contraction in 9MFY22 Key Ratios FY21 9MFY22 YTD Change Gross Loans/Financing 1,870 1,799 (4%) GIL Ratio Share Margin Financing 504 594 18% CTI FY21 9MFY22 YTD Change 0.02% 0.01% (1bps) 51.9% 46.2% (>100bps) Gross Impaired Loans 0.4 0.1 (64%) Loan Loss Coverage 100.0% 100.0% Customer Deposits 615 760 24% ROA¹ 5.34% 6.30% 96bps CASA 264 363 38% Average AUM² 55,975 58,134 4% AmBank Group 9MFY22 Results - Investor Presentation. 1. 12 Annualised 2. Inclusive of Private Banking +4 34#35Retail Banking | Retail Banking Total Income (YoY Movement) and Loans by Line of Business (LAT) / PAT Trend (RM' mil) QoQ Growth: YoY Growth: (22%) 58% (4%) Wealth (1%) 7% Deposits 27% ▲ 23% Total Income RM1,264 mil 3% Others 3% Retail SME 10% Auto 12% Retail SME Cards 7% Others 8% Auto 19% 4% Total loans RM67.5 bil Mortgage 62% Cards 16% Personal Financing 3% 78% AmBank Group 9MFY22 Results - Investor Presentation (9%) (4%) Mortgage 22% 9MFY21: 267 9MFY22: 423 162 33% 71 146 50 50 135 4 126 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 (116) 35#36Retail Banking | Retail Banking Wealth Sales (RM' mil) Merchant Volume QoQ Growth: YoY Growth: 12% (12%) I Merchant volume (RM'mil) Merchants in force ('000) QoQ Growth: QoQ Growth: 51% YoY Growth: YoY Growth: 22% ≈2 1,001 9MFY21: 4,310 1,853 1,689 1,456 9MFY22: 3,783 1,368 1,192 1,223 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Credit Cards New cards issued ('000) Cards in circulation ('000) New cards issued 80 60 60 40 40 20 20 600 400 200 35 35 35 35 9MFY21: 6,408 35 35 35 9MFY22: 7,817 3,341 2,420 2,532 2,342 2,261 2,215 1,646 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Mortgage and Auto Finance Quarterly Disbursements Cards in circulation ■Mortgage Auto Finance Mortgage QoQ Growth: *Mortgage YoY Growth: Auto Finance QoQ Growth: *Auto Finance YoY Growth: 44% 4% >100% (14%) Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 *Note: YoY growth - 9MFY22 vs 9MFY21 36 AmBank Group 9MFY22 Results - Investor Presentation#37Retail Banking | Retail Banking Income Statement YoY Growth 9% ▼(2%) ▲ 7% (2%) 18% (57%) 58% 55% 58% RM' mil Net Interest Income Non-Interest Income Total Income Expenses PBP Impairment PBT Tax PAT 9MFY22 1,069 195 1,264 628 636 81 555 132 423 9MFY21 982 197 1,180 639 540 188 352 85 267 9MFY22 PAT 9MFY21 PAT Positive growth in 9MFY22 Contraction in 9MFY22 Balance Sheet (RM' mil/%) Key Ratios FY21 9MFY22 YTD Change FY21 9MFY22 Gross Loans/Financing 64,787 67,518 4% GIL Ratio 1.36% 1.12% YTD Change (24bps) Gross Impaired Loans 882 757 (14%) CTI 54.1% 49.7% (>100bps) Customer Deposits 47,251 53,795 14% Loan Loss Coverage 137.8% 141.5% >100bps CASA 16,288 17,744 9% ROA¹ 0.24% 0.85% 61bps Average AUM 2,067 2,807 36% AmBank Group 9MFY22 Results - Investor Presentation. 1. Annualised 37#38Business Banking | Business Banking Gross Loans (RM' mil) Non-trade Trade YTD Growth: 5% PAT Trend (RM' mil) QoQ Growth: YoY Growth: 18,070 17,278 17,329 17,374 16,497 16,626 15,867 4,945 9MFY21: 172 9MFY22: 178 4,725 4,257 4,231 4,676 4,675 4,191 11,676 12,240 12,395 12,553 12,653 12,699 13,125 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Customer Deposits (RM' mil) CASA FD YTD Growth: 12% 13,831 12,852 12,309 12,624 12,517 11,828 11,749 7,433 6,497 5,752 6,139 6,280 6,239 6,146 6,355 5,588 5,603 6,558 6,485 6,237 6,398 52 52 65 55 54 66 30 >100% 4% 82 22 Q1FY21 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q1FY22 Q2FY22 Q3FY22 AmBank Group 9MFY22 Results - Investor Presentation 38#39Business Banking | Business Banking Income Statement YoY Growth 18% (3%) 13% (5%) 20% >100% 3% ▲ 2% 4% RM' mil Net Interest Income Non-Interest Income Total Income Expenses PBP Impairment PBT Tax PAT 9MFY22 326 86 412 108 304 73 230 52 52 178 9MFY21 277 9MFY22 PAT 9MFY21 PAT 88 366 Positive growth in 9MFY22 113 253 29 223 51 172 Contraction in 9MFY22 Balance Sheet (RM' mil/%) Key Ratios FY21 9MFY22 YTD Change FY21 9MFY22 YTD Change Gross Loans/Financing 17,278 18,070 5% GIL Ratio 1.51% 1.44% (7bps) Gross Impaired Loans 260 260 ≈ CTI 30.0% 26.2% (>100bps) Customer Deposits 12,309 13,831 12% Loan Loss Coverage 73.5% 101.8% >100bps CASA 6,558 6,398 (2%) ROA¹ 1.42% 1.38% (4bps) AmBank Group 9MFY22 Results - Investor Presentation. 1. Annualised 39#40Islamic Banking | Islamic Banking Income Statement YoY Growth 15% ▼(4%) 24% 51% (17%) >100% (31%) RM' mil Total Income Expenses PBP Impairment PBT Tax & Zakat PATZ 9MFY22 778 213 565 419 146 33 112 9MFY21 676 222 454 278 176 13 163 9MFY22 PATZ 9MFY21 PATZ Positive growth in 9MFY22 Contraction in 9MFY22 Balance Sheet (RM' mil/%) Key Ratios FY21 9MFY22 YTD Change FY21 9MFY22 YTD Change Gross Financing 36,225 39,225 8% GIF Ratio 1.69% 1.70% 1bps Gross Impaired Financing 613 668 9% CTI 32.0% 27.4% (>100bps) Customer Deposits 41,733 43,103 3% Financing Loss Coverage 138.9% 158.9% >100bps CASA 12,709 13,028 3% ROA¹ 0.26% 0.28% 3bps AmBank Group 9MFY22 Results - Investor Presentation. 1. Annualised 40 40#41General Insurance | General Insurance Loss Ratio and Combined Ratio ■Combined Ratio ■Loss Ratio 92% 92% 93% 94% 91% 89% PBT and PAT (RM' mil) YoY PBT Growth: (26%) YoY PAT Growth: (28%) ■PBT PAT 282 57% 58% 60% 56% 57% 55% FY18 FY19 FY20 FY21 9MFY21 9MFY22 Gross Premium Mix and Growth (RM' mil) Motor Non-Motor 1 YoY GWP Growth: YoY Motor Growth: YoY Non-motor Growth: (5%) (7%) 1% 1,576 1,560 1,527 1,474 21% 21% 21% 246 21% 1,190 1,125 20% 22% 79% 79% 79% 79% 80% 78% 262 260 242 228 233 198 222 185 164 134 FY18 FY19 FY20 FY21 9MFY21 9MFY22 FY18 FY19 FY20 FY21 9MFY21 9MFY22 1. Includes motor PA AmBank Group 9MFY22 Results - Investor Presentation 41#42Insurance & Others | Insurance and Group Funding & Others Income Statement - Insurance (General, Life & Takaful) YoY Growth (20%) (18%) (23%) >100% (23%) (19%) (24%) RM'mil Total Income Expenses PBP Impairment PBT Tax PAT 9MFY22 432 237 196 0 196 29 166 9MFY21 544 289 254 (1) 255 36 218 Income Statement - Group Funding & Others YoY Growth >100% 7% ▲ 70% (47%) ▲ 58% (38%) 98% ▼(28%) 84% RM'mil Total Income Expenses PBP Impairment PBT Tax PAT MI PATMI 9MFY22 172 246 (75) 142 (217) (209) (8) 66 (74) 9MFY21 (16) 230 (246) 271 (517) (151) (366) 91 (457) 9MFY22 PAT 9MFY21 PAT Positive growth in 9MFY22 Contraction in 9MFY22 AmBank Group 9MFY22 Results - Investor Presentation 42#43Corporate Structure | Shareholding structure ANZ 21.6%¹ Retail Banking AmCorp 11.8% EPF 9.3% PNB 8.8%2 ap AMMB Holdings Berhad Wholesale Banking 100% AmBank (M) Berhad 100% MBF Cards (M'sia) Sdn Bhd 33.33% Bonuskad Loyalty Sdn Bhd 100% AmBank Islamic Berhad 100% AmInvestment Bank Berhad 100% AmInvestment Group Berhad Foreign shareholding excluding ANZ Islamic Banking FY18 FY19 FY20 23% 26% 24% 1.ANZ: ANZ Funds Pty Ltd, a wholly owned subsidiary of Australia and New Zealand Banking Group Limited 2.Based on amalgamation of shares held by funds managed by PNB Others 48.5% Based on ROD dated 31 December 2021 General Insurance Life Assurance & Takaful 100% AMAB Holdings Sdn Bhd 51% AmGeneral Holdings Berhad 49% CIAG Insurance Australia Group 100% AmGeneral Insurance Berhad ~50% AmMetLife Insurance Berhad³ ~50% MetLife ~50% AmMetLife Takaful Berhad³ ~50% MetLife® FY21 19% 9MFY22 16% 3.MetLife owns 50% plus one share in AmMetLife Insurance Berhad, with the remaining shares held by AmBank Group, and AmBank Group owns 50% plus one share in AmMetLife Takaful Berhad, with the remaining shares owned by MetLife AmBank Group 9MFY22 Results - Investor Presentation 43#44Ratings & Target Price | Credit ratings, target price and recommendations Credit Ratings 9MFY22 Ratings AMMB RAM S&P AmBank (M) AmBank Islamic AmInvestment LT: AA3, ST: P1 Outlook: Stable LT: AA3, ST: P1 Outlook: Stable LT: AA3, ST: P1 Outlook: Stable LT: AA3, ST: P1 Outlook: Stable Target Price and Recommendations RM3.44 LT: BBB+, ST: A-2 Outlook: Negative P/EPS P/BV : N/A Closing Price RM 3.17 Average TP : RM 3.44 : 0.65 Market Cap RM 10.50 bil Buy : 6 (43%) Hold : 7 (50%) Sell 1 (7%) Ave. TP/ Ave. CP 1.09x 2.65 2.90 3.10 3.15 3.20 3.30 3.40 3.50 3.64 3.65 3.80 3.90 3.90 4.10 MACQ UOB PIVB KEN MIDF Buy/Outperform / Overweight / Add ■ Sell/Trading Sell/ Underperform/ Reduce / Underweight AmBank Group 9MFY22 Results - Investor Presentation HLIB TA ■ Hold / Neutral / Market perform Average target price NOMURA CGS-CIMB RH1 AFFIN RHB MBB Source: Bloomberg, Research House Report as at 31 December 2021 KAF 44#45Glossary & Disclaimer | Glossary & Disclaimer of warranty and limitation of liability Reported Performance Reported performance refers to the financial performance as reported in the audited financial statements and disclosed to the market Growth Definition QoQ growth refers to Q3FY22 vs Q2FY22 YoY growth refers to 9MFY22 vs 9MFY21 YTD growth refers to 9MFY22 vs FY21 Disclaimer on rounding differences Numbers may not add up due to rounding Disclaimer on restatement of comparatives The comparatives for business segments' financials have been restated to reflect current business realignment The information has been prepared by AMMB Holdings Berhad (AmBank Group or the Group) for information purpose and is believed to be correct at the time of presentation. No representation or warranty, express or implied, is given by or on behalf of AMMB Holdings as to the accuracy and completeness of the information or opinion contained in this presentation. This presentation does not purport to contain all information that may be required to evaluate AmBank Group or its financial position and should not be construed as an offer or recommendation to buy or sell securities. Neither does this presentation to form the basis of, or be relied in any connection with, any contract, investment decision or commitment whatsoever. Certain statements in this presentation may contain forward-looking statements. These forward-looking statements are based on current beliefs and expectations of the Group and are subject to significant risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. The term "AMMB Holdings" and "AmBank Group" denotes all Group companies within the AMMB Holdings Group and this Disclaimer of Warranty and Limitation of Liability policy applies to the financial institutions under AMMB Holdings. For further information, visit www.ambankgroup.com; or contact Yeoh Ru Hann Head, Group Finance - Investor Relations Tel: +603 2036 1425 Fax: +603 2070 8262 Email: [email protected]/ [email protected] Soh Yee Tyng Vice President, Group Finance - Investor Relations Tel: +603 2036 1435 Fax: +603 2070 8262 Email: [email protected] AmBank Group 9MFY22 Results - Investor Presentation 45