#1KCB INVESTOR PRESENTATION H1 2023 Performance Nairobi, 23 August 2023 For People. For Better. Regulated by the Central Bank of Kenya#2Disclaimer The information contained herein has been prepared by KCB Group Plc ("KCB"). This presentation has been prepared for information purposes only and is not and does not form part of any offer for sale or solicitation of any offer to subscribe for or purchase or sell any securities nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. Forward looking statements Some of the information in this presentation may contain projections or other forward-looking statements regarding future events or the future financial performance of KCB. These forward-looking statements include all matters that are not historical facts. Although KCB believes that the expectations and opinions reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations and opinions will prove to have been correct. KCB or any other entity within the Group undertakes no obligation to publicly update or publicly revise any forward-looking statement, whether as a result of new information, future events or otherwise except to the extent legally required. Nothing in this document should be construed as a profit forecast. Rounding differences Please note that rounding differences may appear within the presentation. Navigation icons Read more For People. For Better. Web link 2#3KCB 01 Business Overview For People. For Better. 3#4KCB H1 2023 Investor Presentation We create and preserve value supported by a clearly defined governance structure which provides for oversight, delegation and clear lines of authority. Shareholders For People. For Better. Accountable Accountable to shareholders BOARD OF DIRECTORS to the Board 11 Directors* 9 Non-executive and 2 Executive Delegated authority Reporting to the Board GROUP CHIEF EXECUTIVE OFFICER Group delegation of authority *Three vacant NED position Executive Committee Board Committees Audit and Risk Human Resources and Governance Nomination Strategy and IT W Oversight General Management Committee Assets & Liabilities Management Committee Group Operational Risk & Compliance Committee Management Credit Risk Committee#55 KCB H1 2023 Investor Presentation Our senior management team mandated to ensure we remain well positioned and responsive to regional opportunities for growth. Paul Russo, EBS Lawrence Kimathi Annastacia Kimtai Japheth Achola John Mukulu Group Chief Executive Officer Group Finance Director MD KCB Bank Kenya Group Director, Human Resource Group Chief Risk Officer Bonnie Okumu Group General Counsel Charles Lang'at Group Internal Auditor Rosalind Gichuru Cosmas Kimario Simon Mbogo Group Director, Marketing and Communications Ag. Group Regional Businesses Director and MD KCB Tanzania Ag. Group Director, Technology For People. For Better. EXCO members profiles https://ke.kcbgroup.com/about-us/our-leaders Jackline Bosibori Ag. Group Director, Shared Services#6KCB H1 2023 Investor Presentation Operating environment characterized by currency depreciation, high-inflation and high-interest rates. We are committed to support our customers through these challenges. Tailwinds Strong projected GDP growth rates across the region in the medium term despite the slowing growth globally. Headwinds Depreciation of local currencies exacerbating inflationary pressure, eroding purchasing power and negatively impacting trade. Rollout of risk-based pricing at KCB Bank Kenya and NBK to support lending at appropriate pricing levels. וויו Fiscal pressures across the region portend increased costs due to rise in taxes while constrained liquidity in the markets impacts cost of funds. Improved confidence in the business environment and continued resurgence of business activities across the region. Continued disruptions occasioned by global geopolitical risks. 6 For People. For Better. il Appendices#7KCB H1 2023 Investor Presentation Our well diversified businesses model enables us to wade through macroeconomic challenges while building the scale required to match the role we play in the region. 100% KCB Bank Kenya Ethiopia Rep Office 100% National Bank of Kenya 100% KCB Bank Tanzania 100% KCB Bancassurance 100% KCB Investment Bank 100% KCB Bank South Sudan KCB Group Plc 100% KCB Asset Management 87% BPR Bank Rwanda 100% KCB Bank Burundi 100% KCB Bank Uganda 100% Kencom House Limited 85% Our Operating Brands Trust Merchant Bank KCB BANK National Bank bpr BANK Brussels Rep Office TMB 7 For People. For Better.#8KCB H1 2023 Investor Presentation We leverage our wide footprint to promote regional commerce, facilitate economic growth, and link millions of people to possibilities on the African continent and beyond. 8 For People. For Better. 33M Customers 605 Branches 11,877 Employees 1,315 ATMs 30,153 Agents & Merchants il Appendices#9KCB H1 2023 Investor Presentation Backed by this wide footprint and track record in the region, we signed up to a pan-African payment platform to facilitate settlements of cross-border transactions on the continent. • PAPSS Pan-African Payment & Settlement System PAPSS is a cross-border, financial market infrastructure enabling payment transactions across Africa. • The platform improves intra-African trade payments by supporting real-time transfer of funds between originators in one African country and beneficiaries in another. • Our customers will now have access to vast economic opportunities leveraging trading under the Africa Continental Free Trade Area (AfCFTA) 04 KCB is a key facilitator enabling businesses in the region to capitalize on opportunities availed by AfCFTA. 01 KCB is the first East African Bank to onboard the financial market infrastructure. 02 The platform powers our desire to play a bigger role in facilitating trade across Africa. An alternative to high-cost and 03 lengthy correspondent 9 For People. For Better. banking.#10KCB H1 2023 Investor Presentation We continue to rollout innovative propositions and enter into transformative partnerships to drive financial inclusion, customer obsession and a digital future. 01 Continued deepening of digital channels Ability to purchase Motor Insurance and Student Personal Accident Cover on the KCB App. Rollout of merchant overdraft for MSMEs availing amounts of up to KShs 250,000 via mobile banking. High-yield Goal savings account on mobile banking to incentivize a savings culture on mobile. 02 Leading customer value propositions Disbursed KShs 90 billion to female led and made enterprises and in line to disburse KShs 250 billion in the next 5 years. Introduced health insurance propositions designed to meet the unique needs of MSMEs. Expanded our card offerings with a $ new USD credit card. 10 For People. For Better.#11KCB H1 2023 Investor Presentation Market leading solutions and easily accessible channels continue to deepen product uptake enabling us to ringfence our market share. Ʌ99% of transactions by number conducted through non branch channels. Ʌ93% YoY increase in number of non-branch transactions to 523M driven by increased self-serve capabilities on digital channels. Number of non-branch channel transactions in H1 2023 (M) YoY Change 29 11 65 Mobile Lending 170% 82 Mobi Service* 1% Agency Total: 523M 390 *Mobi service includes B2C, C2B, B2B, Lipa Karo and Float purchase 11 For People. For Better. 4% Merchant POS 49% Internet Banking 56% ■ ATMs (3%)#12KCB H1 2023 Investor Presentation Value of transactions across our channels grew by 32% to KShs 5.7 trillion, showcasing KCB's position both as an enabler and beneficiary of recovery in business activity. ^62% of transactions by value conducted through non branch channels Ʌ20% YoY growth in value of branch transactions to KShs 2.2 trillion 12 For People. For Better. Value transacted through digital channels in H1 2023 (KShs B) YoY Change 311 937 196 82 82 Total: 3,493B YoY growth of 41% 1,812 *Mobi service includes B2C, C2B, B2B, Lipa Karo and Float purchase Mobi Service* 42% Internet Banking 53% Agency 10% ■ ATMs 11% Merchant POS 94%#13KCB H1 2023 Investor Presentation Our widely accessible mobile financing solutions augment our efforts to support households and small businesses to bounce back stronger. Λ Ʌ 91% Growth in value of mobile loans disbursed driven by Fuliza, KCB Mobi loan and introduction of new mobile lending products for small businesses. 13 For People. For Better. Value of mobile loans disbursed in H1 2023 (KShs B) Fuliza personal 107% YoY growth 98.2 21.3 16.1 KCB MPESA 7% YoY decline 12.5 6.2 KCB mobi loan 60% YoY growth Total value of mobile loans 154.3 Business loans Digital overdraft and retailer financing. Fuliza business Introduced in 2023#14KCB H1 2023 Investor Presentation Increased self-serve capabilities continue to drive revenue for the Bank while availing unmatched convenience for customers. Total NFI from digital channels KShs 4,937 M YoY growth of 21% 14 For People. For Better. Digital channels non funded income in H1 2023 (KShs M) Mobile banking Agency and Merchant POS 1,397 Internet Banking 351 YoY Change 3,010 6% 61% 72% ATMs 178 5%#15KCB H1 2023 Investor Presentation The Group continues to align its practices to address climate related risks and tap on opportunities in financing projects aimed at addressing climate change. 01 Governance → Board has oversight of ESG matters through Audit & Risk committee. → Board trained on ESG trends, strategy and climate risks. → 89% of staff undertook a Group wide Sustainability e-learning course in H1 23. 02 Strategy → Continued focus on green lending. Over KShs 7 billion green facilities approved. → Planted over 277,000 trees in H1 23 (10,800 in H1 22) → 2% decrease in resource use in H1 23 (3% reduction in H1 22) 03 Risk management → Revised 8 policies to enhance climate related risk management in lending, enterprise risk, sustainability and risk appetite. → Screened loans worth KShs 366.7 billion under ESDD1 in H1 23 (KShs 144.8 billion in H122) 04 Metrics and targets -> Grew proportion of green loans in our portfolio to 12.3% in H1 23. → Targeting 25% green loans in our portfolio by 2025. → Target to be a net zero carbon emitting business by 2050. 15 For People. For Better. 1 Environmental and social due diligence tool.#16KCB H1 2023 Investor Presentation To create shared value, we leverage our products, policies and programmes to deliver social and economic impact in the markets we operate in. Youth employment through 2Jiajiri. 100 greenhouses at the Foundation's model farm produced 347 tonnes of farm produce earning youth participants KShs 16.4 million in sales. Rolled out E-mobility programme aimed at introducing 100,000 electric motorbikes in 3 years. Concluded recruitment of 400 seafarers who will work in various cruise ships. Recruitment for the 2nd cohort of 500 students ongoing. 2Jiajiri Impact 20,736 youth have received skills training since inception We have disbursed over KShs 246M in working capital loans Created over 64,380 and 102,376 direct and indirect jobs 16 For People. For Better.#1717 KCB H1 2023 Investor Presentation To create shared value, we leverage our products, policies and programmes to deliver social and economic impact in the markets we operate in (continued) 14 ASAL Counties under Mifugo ni mali program • We have supported construction of feedlots, livestock markets, value addition and access to markets. • We work with farmer producer organisations to build their capacity and avail extension services under the program. We augmented government efforts to cushion households hard hit by the ravaging drought. Supported 21 hard-hit counties at a cost of KShs. 150M impacting over 10,000 households. Scholarship programme Has benefited 4,526 beneficiaries with a cumulative investment of over KShs 2B Includes internship through apprentice model through KCB and its partners after graduation. We provide 1,000 scholarships annually Targets bright but marginalized boys and girls, FGM champions, teenage mothers, girls rescued from early marriages, boys from regions highly affected by cattle rustling, and areas with high poverty indices. For People. For Better.#18KCB H1 2023 Investor Presentation We take pride in having consistently been rated and ranked among the leading financial institutions in the continent based on various parameters. Award Organisation Global Finance - World's Best Bank Awards 2023 Finance Derivative Global Banking and Finance International Business Magazine Brand Finance Award Entry Best Bank Kenya Best Responsible Retail Bank Kenya 2023 Best SME Bank Best Sustainable Bank Best CSR Bank Kenya 2023 Best Retail Bank Kenya 2023 Best Digital Wallet Kenya 2023 Best Sustainable Bank 2023 Best CSR Bank Kenya 2023 Best Commercial Bank Most Valuable Banking Brand Award Award Organisation Think Business Awards Best Bank in Corporate Social Responsibility Africa Banker Awards African Banker Awards 2023 Think Business Insurance Awards KCB Bancassurance Best SME Bank Central Africa Regional Bank of the Year - Trust Merchant Bank Overall winner Most Customer-Centric Bancassurance Intermediary Best Bancassurance Intermediary on Digital Applications and Usage Best Bancassurance Intermediary in the Non-Life Insurance Category 18 For People. For Better.#19KCB 02 Financial Performance For People. For Better. 1113 19#20KCB H1 2023 Investor Presentation Our business continues to grow delivering a 54% increase in balance sheet from new business lines and the consolidation of TMB. Ʌ54% Increase in total assets. 32% from organic growth and a further 22% from the consolidation of TMB. Λ ^ 32% Increase in net loans and advances, 22% from organic growth and 10% from the consolidation of TMB. 20 For People. For Better. Funding Utilization Customer deposits, 1,471 62% 1,865 Equity, 217 Borrowings, 66 18% 63% Other liabilities, 110 38% Net loans, 965 32% Govt securities, 362 27% Short term funds, 397 266% Fixed assets, 43 33% Other assets, 97 59% Amounts in KShs Billion#21KCB H1 2023 Investor Presentation Significant momentum in balance sheet growth across all subsidiaries as KCB Bank Kenya becomes the first bank to cross a trillion shillings in total assets in Kenya. 36.3% Proportion of assets in subsidiaries outside of KCB Bank Kenya, up from 27.0% in H1 2022 14.6% TMB's contribution to total assets. 21 For People. For Better. Total assets distribution KCB Kenya 1,182 Non-KCBK 683 272 YoY Change ■KCB Kenya 33% 152 TMB 29%* 93 NBK 9% 11% BPR 74 KCB Tanzania 58% 47 KCB Uganda 71% 21 2 KCB S Sudan 24% 15 9 I KCB Burundi 22% Other subsidiaries N/A *YTD growth Amounts in KShs Billion#22KCB H1 2023 Investor Presentation We availed more financing to households and businesses in key sectors of the economy such as transport & communication, trade and manufacturing in H1 2023. Ʌ30% Growth in gross loans. Organic and inorganic growth accounted for 20% and 10% increase respectively. 7.8% TMB's contribution to net loans and advances. 22 For People. For Better. Gross loans growth 806 133 41 1,048 68 28% LCY ■FCY 72% H122 Corporate Retail (Excl MSME) MSME H123 Amounts in KShs Billion#23KCB H1 2023 Investor Presentation Tough macroeconomic factors slow NPL recovery measures in manufacturing and trade sectors as improvement is noted in tourism, building & construction and transport sectors. Aging of NPLs in KCB Bank Kenya Group NPL stock evolution 173.4 161.2 182.0 13.3% 2.3% Group YoY NPL evolution 32 34 21.5% 8 2.7% 9 17.3% 17.4% 173 19.6% KCBK NPL ratio 1.3% 10 182 Below 6 Below 12 Months Below 24 24+ H122 FY 22 H123 NPL ratio Gross NPL (KShs B) H122 TMB Impact FX Downgrade Recoveries Write off H123 Amounts in KShs Billion 23 For People. For Better.#24KCB H1 2023 Investor Presentation We continue to take prudent measures on the non-performing loan book in order to build and maintain adequate coverage both from provisions and securities held. Coverage ratios 136% Increase in provisions charge in H1 2023 to KShs 10.2 billion to build up coverage for downgraded facilities. IFRS Coverage Regulatory Coverage 114.2% 99.2% 99.5% 101.4% 41.7% 68.4% 45.0% 53.1% Additional provision taken to offset impact of currency depreciation for USD denominated loans in Kenya 24 For People. For Better. 54.5% 59.7% 46.1% 45.8% H122 H123 ■Provisions H122 Additional cover provided by collateral H123#25KCB H1 2023 Investor Presentation Contribution to the stock of non-performing loans is concentrated within a few sectors as legacy NPLs in tourism and transport sectors continue to decline. 34.0% Share of gross loans in personal and household sector. 25 For People. For Better. Sectoral contribution to Gross loans and NPL stock Mining and Quarrying Financial Services Energy and Water Agriculture Tourism, Restaurant and Hotels Transport and Communication Building and Construction Trade Manufacturing Real Estate Personal/Household 34.0% 0.6% 1.9% 1.6% 1.2% 3.2% 3.9% 3.4% 4.5% 3.8% 3.3% 7.2% 8.0% 8.5% 10.1% 9.9% 12.0% 13.6% 24.8% 14.1% 16.0% 14.2% Share of gross loans Share of NPL stock#26KCB H1 2023 Investor Presentation YoY improvement in NPL ratio in KCB Kenya, NBK, South Sudan and Tanzania helped to reduce overall NPL ratio. NPL ratios per segment 3.3% Checkoff NPL ratios per subsidiary 11.1% TH122 FY 22 H123 32.4% 20.1% SME & Micro Mortgage Corporate 24.5% 19.6% 10.8% 7.9% 7.1% 4.6% H122 H123 2.8% 1.8% NBK KCB Bank Kenya TMB BPR Bank KCB Bank Uganda KCB Bank South Sudan KCB Bank KCB Bank Burundi Tanzania 26 For People. For Better.#27KCB H1 2023 Investor Presentation Decline in net interest margin due to increased cost of funds as a result of the high-interest-rate environment. Rollout of risk-based pricing to support appropriate funding/lending spread. 27 Loans and government securities 285 362 965 730 H1 22 H1 23 Government securities Loans and advances For People. For Better. Yields vs cost of funds Interest rates trend 10.0% Assets yield 9.6% Jun 22 Dec 22 Jun 23 SOFR 1.5% 4.3% 5.1% Kenya Interbank 5.3% 6.5% 10.2% 7.0% NIMS 6.1% 91 day T-Bills Kenya 8.1% 9.4% 11.9% Burundi 4.0% 3.5% 4.3% 3.5% 3.0% COF Rwanda Tanzania 6.2% 7.3% 9.1% 2.8% 3.6% 4.6% Uganda 7.8% 10.5% 9.3% H1 22 H1 23 Amounts in KShs Billion#28KCB H1 2023 Investor Presentation Customer deposits increased to KShs 1.5 trillion, driven by organic growth in demand and term deposits in the existing businesses and the consolidation of TMB. Ʌ61.9% Increase in customer deposits, 36% from organic growth and 26% from the consolidation of TMB. 16.2% Contribution to total customer deposits from TMB 28 For People. For Better. Growth in customer deposits (KShs B) 25 3 124 411 1,472 Deposits by type H123 68% 5% 22% 909 5% ■Demand Savings Term Call H122 Demand Term Savings Call H123 H122 Deposits mix Retail, 49% Corporate, 51% LCY, 68% FCY, 32% 65% 6% 22% 7%#29KCB H1 2023 Investor Presentation We delivered a strong sustainable growth in revenue from new business lines, deepening of digital channels and market leading customer value propositions. Ʌ22% Increase in revenue driven by interest income from customer loans & government securities, NFI growth from trade finance & digital transactions and the impact of consolidation of TMB. ^3x Increase in trade finance book to KShs 392 billion Interest income From loans, 51.2 33% 29 For People. For Better. Interest expense Deposits, 16.5 43% Interest expense Deposits & Placements 8.1 237% Other income, 3.8 34% Total income 73.1 Forex income, 5.9 20% Lending fees, 5.6 5% Interest income Govt securities, 18.1 14% Service fees, 12.3 101% Amounts in KShs Billion#30KCB H1 2023 Investor Presentation Growth in operating costs driven by exceptional cost items from the consolidation of TMB, provision for NBK court ruling and staff rationalization program. Increase in depreciation driven by amortization of separately acquired intangible assets from TMB and BPR. 27.3 Growth in other operating costs driven by customer acquisition activities and investments in technology. 11.2 30 For People. For Better. 40.4 48% 2.0 1% 14.1 H122 12.8 One off/exceptional costs* Other opex 11.4 Depreciation 14.7 H123 Staff costs *TMB impact, provision for NBK court ruling and staff rationalization program. Amounts in KShs Billion#31KCB H1 2023 Investor Presentation 12% increase in PBT from regional businesses helped to reduce the impact of drop in performance in Kenya resulting in Group PBT easing down by 20% to KShs 22.5 billion. Ʌ23.8% PBT contribution from subsidiaries outside of KCB Bank Kenya in H1 23, up from 16.9% in H1 22. Loss of KShs 3.8 billion in NBK at H1 2023 due to legal award and increased cost of borrowings and provisions. 31 For People. For Better. PBT contribution per subsidiary 19,176 9,025 YoY Change KCB Kenya (20%) 1,435 TMB N/A 1,859 BPR 28% 751 KCB Tanzania 98% 740 KCB S Sudan 76% 476 3,331 433 KCB Uganda 150% KCBBIL* 15% Amounts in KShs million Numbers include the holding company balances which are consolidated as part of the overall Group position KCB Burundi 36% * KCB Bancassurance Intermediary Limited#32KCB H1 2023 Investor Presentation All subsidiaries except for NBK are compliant with core and total capital requirements and are adequately capitalized to drive growth of risk weighted assets. NBK below core and total capital adequacy ratios by 4.3% and 3.9% respectively. Ratios impacted by loss registered in H1 2023. Management exploring options to correct this position. Core Capital Adequacy Ratios 7.2% KCB Group 4.5% 4.5% KCB Bank Kenya 0.6% 10.5% 10.5% 10.5% 10.5% H122 H123 H122 H123 32 For People. For Better. Total Capital Adequacy Ratios KCB Group KCB Bank Kenya 7.1% 3.9% 5.0% 1.0% 14.5% 14.5% 14.5% 14.5% H122 H123 H122 H1 23 Minimum statutory ratio Headroom#33KCB 03 H2 2023 Outlook For People. For Better. 33#34KCB H1 2023 Investor Presentation Strong loan growth to deliver improvement in asset yield as innovative products continue to support increase in non funded income. Growth of CASA deposits on the back of improved liquidity in the market to support reduction in cost of funds and improvement in net interest margins. NFI Ratio Cost/Income ratio NPL ratio Cost of risk Cost of funds Revised Outlook 35%-37% 37.7% 52%-54% 55.3% 14%-16% 17.4% 2.0%-2.4% 2.2% 3.0%-3.3% 3.5% NIMS 6.1% 7.4%-7.6% Asset yield 9.6% 10.4%-10.9% Loan growth 10%-15% 32.0% Deposit growth 12%-18% 62.0% H1 23 Actual 2023 Revised Projection ROE 15.9% 17%-19% 34 For People. For Better.#35KCB 04 Appendices For People. For Better.#36KCB H1 2023 Investor Presentation Overview of key financial ratios KCB GROUP H1 2023 H122 FY 22 Q123 KCB Kenya KCB Group 23.0% 23.0% 19.7% Return on average equity 21.2% 15.9% 45.7% 45.7% 51.2% Cost to income 39.7% 55.3% 21.5% 17.3% 17.5% Gross NPL to gross loans 19.6% 17.4% 54.6% 60.7% 58.7% NPL regulatory coverage 63.8% 59.7% 22.5% 31.8% 30.1% Debt to equity 46.2% 31.1% 32.1% 33.3% 40.1% Non funded income (NFI) to total income 36.6% 37.7% 21.8% 25.2% 20.3% Mobile NFI to total fees and commissions 49.3% 27.7% 3.0% 3.1% 3.5% Cost of funds 4.0% 3.5% 7.0% 7.0% 5.8% Net interest margin 6.3% 6.1% 1.2% 1.7% 1.8% Cost of risk 2.3% 2.2% 80.4% 76.2% 77.6% Net loans to deposits ratio 71.5% 65.6% 23.5% 19.1% 18.3% Government and other securities to total assets 23.1% 19.4% 20.3% 27.8% 15.6% 35.6% 31.9% Growth of net loans and advances 18.6% 32.1% 41.5% Growth of customer deposits 38.4% 61.9% 36 For People. For Better.#37KCB H1 2023 Investor Presentation Summary statement of financial position as at 30 June 2023 KCB Group KCB Bank Kenya KShs Billion Y-O-Y Y-O-Y H122 H123 H122 H123 Change Change Cash and balances with central bank 50.7 64.4 27% 38.3 36.9 (4%) Balances with other institutions 50.6 332.7 558% 15.7 122.4 678% Investments in Govt & other securities 285.0 362.4 27% 203.8 272.7 34% Net loans and advances 730.3 964.8 32% 563.2 668.0 19% Fixed assets 32.3 42.9 33% 19.9 23.6 18% Other assets 61.2 97.4 59% 47.0 58.1 24% Total assets 1,210.1 1,864.6 54% 887.8 1,181.7 33% Customer deposits 908.6 1,471.2 62% 674.8 934.2 38% Balances due to other banks 35.8 48.6 36% 16.9 19.0 12% Long-term debt 40.2 65.6 63% 35.7 60.5 70% Other liabilities 43.8 61.1 40% 27.3 37.3 37% Total liabilities 1,028.4 1,646.6 60% 754.7 1,050.9 39% Shareholders' equity 179.1 211.2 18% 133.2 130.8 (2%) Total liabilities and equity 1,210.1 1,864.6 54% 887.8 1,181.7 33% 37 For People. For Better.#38KCB H1 2023 Investor Presentation Summary statement of Profit or Loss for the year ended 30 June 2023 KCB Group KCB Bank Kenya Y-O-Y KShs Billion H122 H123 H122 H123 Change Y-O-Y Change Interest income 54.5 70.1 29% 39.9 45.6 14% Interest expense (13.9) (24.6) 77% (9.5) (17.1) 79% Net interest income 40.6 45.5 12% 30.3 28.5 (6%) Foreign exchange income 4.9 5.9 20% 3.6 4.0 11% Net fees and commissions 11.4 17.8 56% 8.4 10.0 18% Other income 2.9 3.8 34% 2.1 2.4 19% Non-funded income 19.2 27.6 43% 14.1 16.4 16% Total Income 59.8 73.1 22% 44.4 45.0 1% Total operating expenses (27.3) (40.4) 48% (17.3) (17.9) 3% Loan impairment (4.3) (10.2) 136% (3.3) (7.9) 142% Profit before tax 28.2 22.5 (20%) 23.8 19.2 (20%) Tax expense (8.5) (6.4) (25%) (7.3) (5.2) (28%) Profit after tax 19.6 16.1 (18%) 16.5 13.9 (16%) 38 For People. For Better.#39KCB H1 2023 Investor Presentation Key operating data H12022 FY 2022 Q1 2023 H12023 KCB Footprint Branches 494 603 606 605 Number of Customers (Million) 30.1 32.4 32.6 33.2 ATMs¹ Agency outlets² 1,168 1,270 1,300 1,315 18,156 21,480 23,591 21,615 POS/Merchant outlets² Total number of employees KCB Share Information Earnings Per Share (KShs) Dividend Per Share (KShs)³ 6,405 7,354 7,451 8,538 8,877 11,098 11,610 11,877 12.15 12.71 12.14 9.99 2.00 Number of issued shares (Million) 3,213 3,213 3,213 3,213 Number of shareholders 193,190 193,615 193,612 193,734 Period-end share price (KShs) 38.65 38.10 35.50 29.30 Market capitalization (KShs Billion) 124.2 122.4 114.1 94.1 FX Rates KShs/US$ exchange rate (period-end) 117.83 123.37 132.33 140.52 Notes 1 Includes 533 partner ATMs which KCB customers have access to at no extra charges 2 Active agents and merchants 3 Interim and proposed final dividend for 2022 amounting to KShs 2.00 per share 39 For People. For Better.#40KCB H1 2023 Investor Presentation KCB regional footprint and key macros as at 30 June 2023 Kenya¹ Tanzania South Sudan Rwanda Uganda Burundi DR Congo KCB Footprint Branches 298 16 14 150 15 6 106 ATMs 566 17 12 75 15 8 89 Agency outlets 16,675 418 48 711 320 157 3,286 POS/Merchant outlets 6,787 599 30 300 207 37 578 Total number of employees 8,021 323 183 1,120 307 150 1,772 of which:FTE 5,632 302 180 1,113 284 150 1,772 PTE 2,389 21 3 7 23 Operating environment GDP growth 2021 7.6% 4.9% 5.3% 10.9% 5.8% 3.1% 6.2% 2022 4.8% 4.7% 6.5% 8.2% 6.3% 2.1% 6.6% 2023 projection 5.3% 5.2% 5.6% 6.2% 5.7% 3.3% 6.3% Inflation rates H1 2022 6.3% 3.9% (6.9%) 8.8% 4.6% 15.1% 5.1% H1 2023 8.5% 4.4% 5.0% 27.3% 8.0% 29.7% 17.9% Movement in currency/USD in H1 2023 (13.9%) (0.9%) (47.8%) (8.7%) 1.5% (37.0%) (21.3%) Central Bank rates H1 2022 H1 2023 Current account balance/GDP2021 2022 2023 projection 7.5% 5.0% 12.0% 5.0% 7.5% 6.0% 8.5% 10.5% 5.0% 20.0% 7.0% 10.0% 7.0% 11.0% (5.4%) (3.3%) (2.7%) (10.9%) (8.3%) (13.4%) (0.9%) (4.9%) (4.4%) 8.6% (12.6%) (8.0%) (14.9%) 0% (5.4%) (3.9%) 2.1% (11.7%) (10.2%) (14.1%) 0% Notes 1 Kenya footprint are consolidated data for KCB Bank Kenya and NBK. 40 For People. For Better.#41KCB H1 2023 Investor Presentation III Registered office KCBGroup Plc Kencom House Moi Avenue PO Box 4840000100 Nairobi, Kenya Contact information KCB Investor Relations [email protected] www.kcbgroup.com Company information ప Stocklisting Primary Nairobi Securities Exchange Cross listing Dar-es-Salaam Stock Exchange Uganda Securities Exchange Rwanda Stock Exchange Auditors PricewaterhouseCoopers LLP PwC Tower Waiyaki Way / Chiromo Road P. O. Box 43963 - 00100 Nairobi, Kenya Share registrars Image Registrars Limited 5th Floor, Absa Towers Loita Street P. O. Box 9287 - 00100 Nairobi, Kenya [email protected] 41 For People. For Better.#42KCB Thank You For People. For Better. KCB Investor Relations [email protected]