#1H1 2022 Results Presentation Bank ABC#2Key Messages Bank ABC / The Group is weathering the unexpected headwinds from geopolitical developments and persistent high inflation across some markets, being counterbalanced by sustained high oil prices and improving economic activity in other markets, as well as rising interest rates. / Strategic direction is consistent and Bank ABC continues to improve its position as a renowned leader in digital innovation in banking with widespread industry recognition, exemplified most recently by "The Banker" Innovation in Digital Banking Award 2022 for Middle East. / / H1 2022 performance of a net profit of US$70m marks a solid and profitable first half, 27% higher compared to US$55 million reported for the same period last year. H1 revenues crossed the US$520 million mark for the first time in history, reflecting good underlying business growth and including the consolidation of BLOM Bank Egypt ("BBE"). This was a substantial 31% increase compared to the same period last year, with robust performance across all Group units. / Operating expenses were at US$331 million, 31% higher than US$253 million for the same period last year, reflecting flat revenue/cost 'jaws' from a combination of consolidation of BBE, more normal levels of post- pandemic activity and appropriate cost discipline while investing into the Group's digital transformation and strategic initiatives. / Impairment charges (ECL) for the period were US$51m, compared to US$49 million reported for the same period last year, broadly in line with our historic credit loss experience. / The Group maintains a strong balance sheet and capital position, with a 16.6 % Tier 1 ratio (14.7% CET1), LCR of 244% and NSFR of 126%. 2#3Consistent Strategic Direction: Emphasizes Digital Transformation and our Acquisition in Egypt Strategic intent Values Client Centric MENA's leading international Bank Collaborative Bank ABC Consistent Strategic objectives Build our Digital Bank of the Future / Transition Group Retail into ila / Build WB Digital / Leading Digital Payment Solutions Refocus our Wholesale Banking Transformation ✓ Refocus on selective corporate growth / Reinvigorate Financial Markets and Transaction Banking products / Refresh Europe Strategy Integrate BBE to deepen Market Presence in Egypt /Integrate BBE with ABC Egypt / Build Egypt to be a primary engine of profit growth for the Group Strengthen our Organizational Resilience Operational resilience / Risk & Financial resilience Progress in H1 2022 / ila continues to gain momentum and will launch in Jordan later this year / Digital import LCs went live in H1 '22 / AFS started year strongly / Post pandemic expansion of corporate customers base continues / Strong deal pipeline prospects for rest of year / The merger and integration of BBE is progressing well / Legal day One of new combined Bank expected in H2 / Kept Stable credit rating / Maintained Capital and liquidity ratios well above regulatory levels 3#4Bank ABC reinforces its reputation for leading digital innovation in the Middle East Bank ABC \ Innovation in Digital Banking in the Middle East \ Best Bank for Digital Solutions in Bahrain \Best Digital Banking Initiative The Banker INNOVATION IN DIGITAL BANKING AWARDS 2022 Winner Middle East EUROMONEY AWARDS FOR EXCELLENCE BAHRAIN 2022 BEST BANK FOR DIGITAL SOLUTIONS MENA BANKING EXCELLENCE AWARDS 2022 A MEED PRODUCT The Banker EUROMONEY MEED Middle East business inteligence 4#5Financial Highlights - Solid and Profitable first Half 2022 Total Operating Income, US$m Underlying* $523m $400m H1‘21 H1‘22 Headline* $407m $520m T1 Capital Ratio, % Bank ABC Underlying TOI of US$523m (+31% growth) reflects strong recovery across most of our markets and business lines, benefitting from increase in interest rates and consolidation of BBE. 15.9% 16.6% Dec '21 Jun' 22 Underlying Net Operating Profit, US$m The Group has concluded an AT1 capital issuance, further strengthening its capital position / Capital base remains strong, stable & significantly above regulatory minimum levels / CET 1 Ratio (14.7%) comprises the majority of Tier 1 Ratio $147m $190m H1 2021 H1 2022 Underlying* net operating profit (before provisions and taxation) +29% growth, also benefiting from the consolidation of BBE / Net Profit to shareholders of US$70m (+27%) with cost of risk in line with historical levels * Please refer to appendix for headline vs underlying basis calculation/definition 5#6Strong Headline Revenue Growth Across the Franchise Underlying* TOI of US$523m was 31% higher than H1 2021 levels, reflecting strong recovery across most of our markets and business lines, and benefiting from the consolidation of BBE Total Operating Income(TOI), US$m +31% 520 523 Client and transaction revenues have performed well with positive growth rates reflecting resilience across most of our markets and business lines, and good pipeline prospects for H2 / Headline net interest income at US$370m +42% year on year supported by higher loan volumes, consistent margins and the addition from BBE / Income is broad based and diversified across various business units 407 400 H1‘21 TOI by Business (H2 2022), % 4.2% 12.3% 22.9% * Please refer to appendix for headline, and underlying basis calculation/definition ** Other includes activities of Arab Financial Services and ila. 25.4% 35.2% H1‘22 Bank ABC Headline Underlying* ABC Brasil MENA Subsidiaries International Wholesale Bank Group Treasury Other** 6#7Cost Trajectory Returning to Normal Levels Operating Expenses and Cost to Income Ratio +31% headline increase in costs is the same as the revenue increase (representing "flat jaws") from a combination of consolidation of BBE as well as the Group returning to a more normal level of activity Operating Expenses, US$m 31% 331 Bank ABC 253 105 Other Cost 74 27 The Group continues to enforce appropriate Premises & Equipment cost discipline without compromising on 23 investments into the Group's digital transformation and strategic initiatives. / Cost to income ratio slightly elevated reflecting the continuing levels of investment into the Group's digital initiatives 199 Staff Cost 156 H1‘21 H1‘22 C/I ratio 63% 64% Normalized C/I Ratio 56% 58% (ex-Digital) 7#8Strong and resilient capital base, further strengthened by AT1 issuance Overview / Capital base remains strong, stable and significantly above regulatory minimum levels CET 1 Ratio (14.7%) comprises the majority of Tier 1 Ratio / Total CAR of 17.7% as at end of June 2022 RWA stood at US$26bn as of June 2022, compared to US$25.6bn as of Dec-2021 (+2%) RWA by Type of Risk, US$bn 26.0 25.6 1.7 1.6. 0.9 Operational 1.5 Market 23.4 Credit 21.4 Dec 21 June 21 CET1 and Tier 1 Ratios, % 15.9% 16.6% Dec '21 June' 22 CET1 Ratio 15.5% 14.7% Capital Adequacy Ratio, % 16.9% Bank ABC Reg. level 10.5% 17.7% Reg. level 12.5% Dec '21 June' 22 8#9Well Diversified and Liquid Balance Sheet / Total assets stood at US$34.3 billion at the end of the period, broadly in line with the US$34.9 billion at the 2021 year-end June 2022 Assets by Instrument, US$bn Bank ABC 34.9 34.3 2.5 3.3 Other 6.4 5.6 Liquid Funds (2) 9.3 8.4 Marketable Securities More than half the Assets are maturing within 1-year 16.8 17.0 Loans / Loans increased by 1% during the first half of the year to US$17.0bn reflecting growth while emphasising selective underwriting Dec '21 June '22 June 2022 Assets by Maturity, US$bn / Net loans to customer deposits ratio broadly stable at 83%, comparable to the 2021 year end levels / Strong liquid funds position with LCR of 244% (1) and NSFR of 126% 34.3 17.0 23% 17% 1-30 days 31 days - 1 year 34% 48% 1-5 years >5years (3) 26% 27% 17% 8% Assets Loans (1) LCR calculated net of trapped liquidity. (2) Liquid funds includes placements with banks & other financial institutions and securities bought under repurchase agreements. (3) >5 years includes undated. 9#10H1 2022 Summary Bank ABC Net profit of US$ 70 million marks a solid and profitable first Half 2022 with revenues, costs and ECL broadly returning to pre- pandemic levels H1 2022 Operating Income on an underlying basis grew by +28% year on year and passed the US$500m mark for the first time reflecting good underlying business growth and including the consolidation of BLOM Bank Egypt ECL charge broadly in line with our historic credit loss experience with strong balance sheet and asset quality being maintained Continuing to achieve major delivery milestones in building our 'bank of the future' 10 10#11Appendix: Normalised Financials Bank ABC US$ millions 2018 2019 2020 2021 H1 2021 H1 2022 Interest Income 559 564 516 592 260 370 Non-Interest Income* 309 311 233 277 140 149 Total Operating Income (TOI)* 868 875 749 869 400 519 Profit or loss Total Operating Expenses -474 -524 -486 -569 -253 -331 Operating Profit 394 351 263 300 147 188 Provisions -79 -82 -329 -106 -49 -51 Profit before Taxes & M.I. 315 269 -66 194 98 137 Taxes* -67 -33 -9 -66 -29 -41 M.I. -46 -42 -14 -28 -14 -26 Net Profit 202 194 -89 100 55 70 US$ millions 2018 2019 2020 2021 June 2021 June 2022 Liquid Funds✶✶ 6,266 5,323 5,378 6,355 4,693 5,582 Marketable Securities 6,638 6,343 6,867 9,252 7,735 8,365 Loans & Advances 14,884 16,452 15,656 16,768 15,930 17,022 Other 1,761 1,950 2,506 2,522 2,581 3,317 Total Assets 29,549 30,068 30,407 34,897 30,939 34,286 Customer Deposits 16,464 17,065 17,667 21,459 18,313 20,993 Balance Sheet Bank Deposits 4,207 3,897 3,596 4,388 3,852 3,712 Borrowing 2,012 2,080 1,795 1,211 1,613 1,244 Other 2,550 2,537 3,205 3,604 2,879 3,832 Total Liabilities 25,233 25,579 26,263 30,662 26,657 29,781 Shareholders' Equity 3,862 4,031 3,767 3,872 3,890 3,715 Non-Controlling Interest 454 458 377 363 392 400 Additional / Perpetual Tier-1 Capital 390 Total Equity 4,316 4,489 4,144 4,235 4,282 4,505 Total Liabilities & Equity 29,549 30,068 30,407 34,897 30,939 34,286 Normalized Cost to Income, % 55% 60% 65% 65% 63% 64% Key Metrics Tier 1 Ratio, % 17.2% 16.9% 16.6% 15.9% 16.4% 16.6% CET 1, % 17.0% ROAE,% 5.2% 16.6% 4.9% 16.2% 15.5% 16.1% 14.7% 2.6% 2.9% 3.5% * TOI and taxes includes normalization of BRL currency overhedge. Headline TOI 2018 $817m, 2019 $865m, 2020 $646m, 2021 $854m, H1 2021 $407m and H1 2022 $520m. ** Liquid funds includes placements with banks & other financial institutions and securities bought under repurchase agreements. 11#12Appendix: Underlying Performance - Key Adjustments Underlying Total Operating Income Bank ABC H1 2021 H1 2022 Headline TOI $407m $520m +31% 523 Currency Hedge* ($7m) ($1m) 400 Normalized TOI $400m $519m FX impacts and one-offs $4m Underlying TOI $400m $523m H1‘21 H1‘22 Underlying Net Operating Profit H1 2021 H1 2022 Headline Net Operating Profit $154m $189m 147 Currency Hedge* ($7m) ($1m) Normalized Net Operating Profit $147m $188m FX impacts and one-offs $2m Underlying Net Operating Profit $147m $190m +29% 190 H1‘21 H1‘22 Regular hedging transactions to cover open USD position in Banco ABC Brasil Cayman branch that creates a corresponding tax adjustment. 12#13Contact us For more information, contact us on Investor [email protected] Bank ABC Bank ABC Head Office P.O. 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