#1XDBS DIGITAL TRANSFORMATION 2.0 Investor Day 2023 Overview Piyush Gupta Chief Executive Officer#2Our investment thesis ☑DBS Diversified access to Asia's growth Financial outperformance driven by digital transformation Growth opportunities from early moves in Sustainability 2#3Our investment thesis ☑DBS Structural drivers of Asia's long term growth remain intact Diversified access to Asia's growth Large Asian markets offer significant growth upside Singapore, a bridge between East and West, beneficiary of growing regional trade 3#4Our investment thesis Growth opportunities from early moves in Sustainability Annual sustainability banking revenue pool of >US$30b in Asia through 20301 Transition pathways allow us to create innovative solutions for our clients Sustainability-linked revenues quadrupled over the last three years to c. S$300m 1 McKinsey Global Banking Annual Review 2022: Banking on a Sustainable Path ☑DBS 4#5Investor Day 2023 XDBS Diversified access to Asia's growth Financial outperformance driven by digital transformation Growth opportunities from early moves in Sustainability 5#6Financial outperformance driven by digital transformation Revenue (S$b) 10.8 Top 20 growth +6% CAGR 16.5 Net profit (S$b) 4.5 Top 20 growth +9% CAGR 8.2 Return on Equity¹ (%) 11.2% Rank #44 Top decile 15.0% Rank #8 ROE Improvement 2015 2022 2015 2022 2015 2022 1 Global peer universe comprises the 100 largest banks by assets. Data as at 31 December 2022 ☑DBS CHNG Sok Hui Chief Financial Officer 940am Presentation Group Financials 2.5%pt Structural 1.3%pt External & Others 6#7What we have achieved since 2017... Transforming the way we manage... 1 Continued to create sustainable advantage with technology 4 leading to superior business outcomes 2 Changed the way we work 5 3 Redesigned credit processes for scale and effectiveness CO 6 ☑DBS Delivered on our goals in Consumer & SME Created outperformance in PB, GTS and T&M through digitalisation Started scaling in growth markets 7#81. Continued to create sustainable advantage with technology Multi-year journey of building our own technology DNA Cloud Modernised Tech Stack enabled by Hybrid Multi-Cloud Deepened our Tech capabilities Experimentation Built culture of innovation and experimentation to keep abreast of emerging technologies Data Ingested >90% of the bank's data in a single data lake API1 Expanded range of internal and external-facing APIs 1 Application Programming Interface / 2 Site-Reliability Engineering ☑DBS Jimmy NG Group Head, 10am Presentation Tech capabilities Technology & Operations SRE2 Maturing our SRE practice for safety and security 8#92. Changed the way we work Breaking organisational silos, becoming data-driven and extending reach through partners Managing through Journeys Driving horizontal collaboration for efficiency & effectiveness Data / Al Industrialising Al to drive broad-based financial outcomes XDBS HAN Kwee Juan Country Head, Singapore 10am Presentation New ways of working Ecosystems Acquiring customers at scale through partnerships 9#103. Redesigned credit processes for scale and effectiveness Driving scale and managing portfolio risk through Data and AI/ML XDBS Growing in new segments and markets through data-driven underwriting Enhancing effectiveness of portfolio management with early warnings and triggers SOH Kian Tiong Chief Risk Officer 1120am Presentation Credit risk management 10#114. Delivered on our goals in Consumer & SME Income (S$b) Cost to Income (%) Return on Equity (%) XDBS 4.1 2015 6.8 49 40 22 37 2022 2015 2022 2015 2022 ◉ Doubled digital share of customers to 60% Closed last mile gaps Further rationalised our distribution Broadened our product range Made digital marketing more effective Gained access to new market segments SHEE Tse Koon Group Head, Consumer 1140am Presentation Delivered on Consumer and SME goals Banking Group & Wealth Management 11#125. Top four private bank in Asia¹ AUM Growth² Income (S$b) Cost to Income (%) Return on Equity (%) 9% 3.1% 1.1 1.7 46% VS CAGR³ Asian Peers4 2017 2022 2022 69% VS Asian Average5 16 30 2017 2022 Sharpened phygital model to leverage RMs and technology Outperformed on ROAUM driven by enhanced client engagement 12022 APB PB AUM League Table / 2 2017-2022/3 AUM growth of High Net Worth Individuals including DBS PB, TPC and Treasures customers with AUM ≥ $1.5m / 4 AUM growth of PB/HNW clients' of the following banks in Asian markets: UBS, Credit Suisse, HSBC, Morgan Stanley, Julius Baer, JP Morgan, Bank of Singapore, Goldman Sachs / 5 McKinsey Asia Private Banking Survey 2022 ☑DBS Joseph POON Group Head, Private Banking 1210pm Presentation Transformation expanded to Private Banking 12#135. Scaled our Global Transaction Services franchise XDBS Income (S$b) Cost to Income (%) Return on Equity (%) 1.9 2017 3.3 38 32 18 38 2022 2017 2022 2017 2022 Improved market access and capacity, and reduced latency Capitalised on shift from offline-to-online commerce through high-volume, low-value, real-time payments Captured supply chain shifts through API capabilities TAN Su Shan Group Head, Institutional Banking 150pm Presentation Transformation expanded to Global Transaction Services 13#145. Digitised Treasury & Markets Income¹ (S$b) Cost to Income (%) Return on Equity (%) 1.9 2.7 50 44 8 14 2017 2022 2017 2022 2017 2022 Enabled pricing and structuring at scale and speed Implemented electronic distribution within and outside of the bank Improved trading efficiency by enhancing risk warehousing 1 Figures exclude revenue from debt capital markets ☑DBS Andrew NG Group Head, Treasury & Markets 150pm Presentation Transformation expanded to Treasury & Markets 14#1547 3 categories combined 5. Increasing contribution from capital-light, high-return businesses 50 60 % of Group income 20 20 30 40 40 10 10 42 39 0 15 16 17 18 19 1 Wealth management income comprising Treasures, TPC and PB ☑DBS 20 20 Wealth Management¹ Global Transaction Services Treasury customer sales 21 221 22 15#166. Scaling our India franchise XDBS Income (S$m) Cost to Income (%) Return on Equity (%) 183 551 86 78 (3) 5 2017 2022 2017 2022 2017 2022 Expanded network to >500 branches Full-service platform, similar to any local bank Leveraging digital capabilities and ecosystem partnerships to capture high-growth Consumer and SME segments Surojit SHOME Country Head, India 230pm Presentation Scaling in growth markets: India deep-dive 16#17Agenda Overview Overview Group Financials Closing Remarks Technology Capabilities New Way of Working Credit Risk Management Enablers Powering the future of banking with Data & Al Streamlining customer & employee journeys via workflows & workbenches Businesses Consumer & SME Private Banking GTS Leveraging open Enabling growth for businesses through & growth markets banking to democratise wealth solutions ☑DBS Presentation Showcases digital transformation T&M India Transforming personalised services-at-scale with Digimarkets 17#18Disclaimer Important notice This presentation has been prepared by DBS and is solely for information purposes only and for your use, and on the basis of your acceptance of this disclaimer and does not purport to be a complete description of all material terms. 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