#1Full Year 2022 Results Presentation Goh Chin Yee, Group Chief Financial Officer 24 February 2023 → OCBC Bank OCBC Financial Results#2Agenda 01 Financial Highlights 02 Group Net Profit 03 Group Performance Trends 04 Appendices: Major Subsidiaries' Results OCBC Bank → OCBC Bank Notes: - Certain comparative figures have been restated to conform with the current period's presentation; - Amounts less than S$0.5m are shown as "0"; - "nm" denotes not meaningful; - "na" denotes not applicable; - Figures may not sum to stated totals because of rounding. DOCBC Bank 2#301 Financial Highlights SOCBC Bank → OCBC Bank DOCBC Bank 3#4Record 2022 full year profit, dividend raised 28% Performance highlights YOY Group Net Profit Total Income S$11.7b +10% FY22: S$5.75b +18% YoY Net Interest Income Non-Interest Income +31% -16% Banking Operations Net Profit Operating Expenses S$5.03b +5% FY22: S$5.10b +30% YoY Net Interest Margin 1.91% +37bps Credit Costs 16bps -13bps Dividend 68 cents +15 cents YoY Customer Loans S$295b +2% ■Total income at new high, driven by strong Banking Operations performance Record NII benefitting from rising interest rates and well- positioned balance sheet ■ Positive operating jaws, CIR lower at 43.0% Credit costs lower than 2019 pre-pandemic level ■Continued loan and deposit (in constant currency terms) +4.5% growth momentum EPS S$1.27 +18% YoY Customer Deposits S$350b +2% ■Resilient portfolio quality NPL Ratio 1.2% -0.3ppt ROE 11.1% +1.5ppt YoY CET1 CAR 15.2% -0.3ppt Dividend payout at 53%, target 50% payout going forward → OCBC Bank 4#5Strong momentum across all key business pillars Banking: Profits at record high Net Profit (S$m) Wealth Management: Positive NNM inflows NII and Fee Income (S$m) WM Income (S$m) 1/ WM AUM (S$b) 36% 38% 33% +30% +18% -3% +0.5% ->> 3,642 4,011 3,887 1,275 1,594 1,288 5,105 9,330 257 258 240 3,926 7,770 7,884 Banking 2,788 FY20 FY21 FY22 FY20 FY21 FY22 Customer Loans (S$b) +4.5% - in constant currency terms Customer Deposits (S$b) and CASA ratio 60.3% 2,367 2,417 2,599 +8% FY20 FY21 FY22 Banking Insurance As % of Group income Dec 20 Dec 21 Dec 22 Insurance: NBEV and margin higher YoY 63.3% 51.8% Total Weighted New Sales (S$m) New Business Embedded Value (S$m) and Margin +2% -3% 43.4% 40.9% +9% 45.8% Performance highlights ■ Banking Operations net profit exceeded S$5b mark for the first time ■WM income from Banking Operations at new high YoY rise in AUM driven by continued NNM inflows which offset negative market valuation Insurance NBEV and margin rose YoY on favourable product mix Embedded Value2/ was S$17.9b as at 31 Dec 267 290 295 315 342 350 1,965 1,908 1,544 2022 804 875 670 Dec 20 Dec 21 Dec 22 Dec 20 Dec 21 Dec 22 FY20 FY21 FY22 FY20 FY21 FY22 → OCBC Bank 1/ Wealth Management income comprises the consolidated income from insurance, private banking, premier private client, premier banking, asset management and stockbroking. 2/ Embedded value is a measure of the long-term economic value of the existing business of a life insurance company. 5#6Earnings well-diversified across Business and Geography Operating Profit by Business Operating Profit by Geography Performance highlights Others 3% FY22 Insurance 14% 4% FY21 Global Wholesale Banking Greater China 22% 22% Global Treasury and Markets 10% 22% 15% 20% 23% Global Consumer / Private Banking → OCBC Bank 39% 50% Note: Operating profit by business excluded associates. Others 6% FY22 7% FY21 8% 7% Indonesia 16% 15% Malaysia 47% 50% Singapore 6#7Solid balance sheet position to support growth Loans-to-Deposits Ratio Group LDR (%) Funding Composition (%) 12% 5% Customer deposits Bank deposits 2% 83.6 83.3 S$435b Dec 22 81% Debts issued Capital and reserves Dec 21 Dec 22 Liquidity Capital All-ccy LCR (%) NSFR (%) Leverage ratio (%) CET1 CAR (%) 151 152 121 117 7.7 7.2 15.5 15.2 FY21 FY22 Dec 21 Dec 22 Dec 21 Dec 22 Dec 21 Dec 22 → OCBC Bank Balance sheet ■ Strong credit ratings affirmed with Aa1 rating from Moody's and AA- from both Fitch and S&P ■ Ample funding, liquidity and capital headroom to drive growth while maintaining flexibility to navigate challenges Stable funding base, more than 80% garnered from customer deposits ■ All regulatory ratios well above requirements 7#802 Group Net Profit SOCBC Bank → OCBC Bank DOCBC Bank 8#9Record Group and Banking Operations Profit Group Performance Banking Operations Performance Performance overview (S$m) FY22 YOY 4Q22 YOY QoQ (S$m) FY22 YOY 4Q22 YOY QoQ Total Income 11,675 +10% 3,001 +18% -5% Total Income 10,387 +15% 2,871 +31% +5% Operating Expenses 5,026 +5% 1,299 +1% +2% Operating Profit 6,649 +14% 1,702 +35%-10% Operating Expenses Operating Profit 4,671 +5% 1,205 +1% +2% 5,717 +25% 1,667 +66% +6% Allowances 584 -33% 314 -1% +105% Allowances 581 -34% 316 -1% +105% Net Profit 5,748 +18% 1,306 +34% -19% Net Profit 5,105 +30% 1,314 +68% -4% → OCBC Bank 9#10Record FY22 earnings driven by net interest income and lower allowances YoY Movement (S$m) 4,858 Positive on net profit Negative on net profit 1,833 289 154 (609) 5,748 (145) (262) (370) FY21 Net Profit Net Interest Income (NII) → OCBC Bank Non-interest Income (Non-II) (exclude profit from insurance) Profit from Insurance Operating Associates Expenses Total Amortisation, Allowances Tax and NCI FY22 Net Profit FY22 Net Profit | YOY +18% ■NII up 31% driven by consecutive quarters of NIM expansion and asset growth Non-Il lower led by drop in WM fee income from reduced customer investment activities and investment losses from bond portfolio rebalancing ■ Expenses up largely from higher staff compensation and headcount growth Decline in allowances associated with improvement in credit environment 10#11Net Profit YOY +34% 4Q22 QoQ -19% 4Q22 earnings up 34% YoY as net interest income hit a new quarterly high YoY Movement (S$m) 973 894 25 3 (210) Positive on net profit Negative on net profit 1,306 YOY (233) (10) (136) 4Q21 Net Profit Net Interest Non-II Income (NII) (exclude profit Profit from Insurance Operating Associates Expenses Total Amortisation, Allowances Tax and NCI 4Q22 Net Profit from insurance) QoQ Movement (S$m) Positive on net profit Negative on net profit 287 1,605 (134) 75 1,306 (304) (30) (33) (160) 3Q22 Net Profit Net Interest Non-II Income (NII) (exclude profit → OCBC Bank from insurance) Profit from Insurance Operating Associates Expenses Total Allowances Amortisation, 4Q22 Tax and NCI Net Profit NII rose 60% driven by a 79bps rise in NIM Non-Il lower mainly due to softer fee and insurance income QoQ ■ Net profit lower largely led by a drop in insurance income, which more than offset a rise in NII 11#1203 Group Performance Trends SOCBC Bank → OCBC Bank DOCBC Bank 12#13Record full year and quarterly net interest income 2.31% 2.06% 1.71% Net Interest Margin 1.52% 1.55% 5,855 2,386 Net Interest Income (S$m) 2,099 1,700 1,492 1,503 4Q21 Net interest income +60% FY22 4Q22 1.91% YoY +31% | YOY 1.54% 7,688 Positive on NII Negative on NII 7,688 QoQ +14% ■■FY22 NII crossed S$7b for the first time, driven by 6% asset growth and NIM expansion 4Q22 NIM rose both YoY and QoQ as the increase in loan yields outpaced the rise in funding costs 1Q22 2Q22 3Q22 4Q22 FY21 FY22 Volume and Rate Analysis (S$m) 854 2,386 1,492 40 YOY 1,518 5,855 315 4Q21 Volume Rate 4Q22 YOY 2,099 12 275 2,386 QoQ 3Q22 Volume Rate 4Q22 ✈ OCBC Bank FY21 Volume Rate FY22 13#14FY22 non-interest income at S$3.99b 41.5% 43.1% 44.7% 40.9% 33.4% 34.1% % of Group Income 20.5% 4,741 3,987 1,334 1,189 1,179 220 Non-interest Income (S$m) 1,140 1,058 1,053 763 423 Life & General Insurance 330 834 299 179 370 Net gains from investment 27 33 615 203 securities and others 152 225 267 194 66 Trading income 52 30 148 63 51 59 2,245 Dividends, rental and 1,851 property-related income 528 522 477 453 399 Net fees & commissions → OCBC Bank (51) (15) (57) (90) 4Q21 1Q22 2Q22 3Q22 4Q22 FY21 FY22 FY22 YOY -16% Non-interest income 4Q22 | YOY -42% QoQ -42% FY22 declined YoY from a drop in fee income and insurance profit while bond portfolio rebalancing drove investment losses ■■ 4Q22 profit from insurance lower largely from unrealised valuation losses due to unfavourable movement in discount rates used to value insurance contract liabilities (refer to slide 28) 14#15FY22 loan and trade fees up YoY while wealth management fees were softer 2,245 273 107 1,851 285 479 99 Net Fees & Commissions (S$m) 528 522 Others 2/ 477 69 68 453 232 491 Investment Banking 27 27 69 399 78 23 Loan, Trade, Guarantees & 129 117 24 70 Remittances 187 123 25 Brokerage & Fund Management 55 54 54 127 47 124 Wealth Management 1/ 1,154 45 41 789 248 256 215 179 139 → OCBC Bank 4Q21 1Q22 2Q22 3Q22 4Q22 FY21 FY22 1/ Wealth management comprises mainly income from private banking, and sales of unit trusts, bancassurance products, structured deposits and other treasury products to consumer customers. 2/ "Others" includes credit card fees, service charges and other fee and commission income. FY22 YOY -18% Non-interest income | YoY 4Q22 -25% QoQ -12% FY22 loan and trade fees up YoY ■ Weaker full year WM and brokerage fees resulting from risk-off investment sentiments amid macro uncertainties ■Focus on increasing net new money inflows to grow AUM base 15#16Full year trading income grew 9% YoY Trading Income (S$m) Non-Customer Flow Customer Flow → OCBC Bank 834 763 138 18 267 225 83 194 32 152 7 745 148 696 16 193 184 187 165 132 (13) 4Q21 1Q22 2Q22 3Q22 4Q22 FY21 FY22 Non-interest income FY22 YOY +9% | YOY 4Q22 -2% QoQ -23% FY22 trading income mainly higher from stronger non-customer flow treasury income, partly attributed to gains from hedging activities Customer flow treasury income relatively resilient on a full year basis 16#17Operating expenses well-managed Operating Expenses FY22 4Q22 50.5% YOY +5% | YoY +1% 45.6% Cost-to-income 43.5% 43.3% 45.0% QoQ +2% 43.0% 40.3% 5,026 4,764 874 868 1,289 1,253 1,269 1,299 1,205 919 280 218 215 254 187 868 Operating Expenses (S$m) Others 233 216 224 224 255 Property & equipment Staff costs → OCBC Bank 3,233 3,028 776 802 811 830 790 4Q21 1Q22 2Q22 3Q22 4Q22 FY21 FY22 ■FY22 expenses increased largely from higher staff costs attributable to annual salary adjustments, and increased headcount to grow talent pool, as well as continued investments in technology to support strategic priorities FY22 cost-to-income ratio lower at 43.0% 17#18FY22 allowances lower on improved credit conditions 41 35 29 Credit costs (bps) 1/ 14 6 8 Total 50 28 4 0 4 00 8 ■ Impaired 11 16 317 873 18 314 584 Allowances (S$m) Allowances for non-impaired assets ■ Allowances for impaired assets 213 387 855 154 368 76 72 44 101 216 13 66 78 31 6 (70) 4Q21 1Q22 2Q22 3Q22 4Q22 FY21 FY22 → OCBC Bank 1/ Credit costs refer to allowances for loans as a percentage of average loans, on annualised basis. FY22 YOY -33% Allowances 4Q22 | YoY -1% QoQ +105% FY22 allowances for non- impaired assets higher YoY • MEV updates in the ECL model largely to reflect a prudent view of current and forecasted economic conditions Additional overlays set aside above the ECL model requirements 18#19NPA coverage ratio higher at 114% Total NPA coverage Allowances YOY +2% 114% Dec 22 108% 99% QoQ -0.3% 90% 91% 4,001 3,904 3,905 3,909 3,991 449 455 444 444 444 Cumulative allowances (S$m) Regulatory Loss Allowance Reserve ("RLAR") 1,923 1,932 1,990 2,066 2,226 Allowances for non-impaired assets Allowances for impaired assets → OCBC Bank 1,537 1,529 1,475 1,486 1,310 Dec 21 Mar 22 Jun 22 Sep 22 Dec 22 Cumulative allowances higher YoY due to increases in allowances for non- impaired assets Sufficient buffers set aside for uncertainties 19#20Resilient portfolio quality NPL ratio Asset quality YOY -20% Dec 22 QoQ -5% 1.5% 1.4% 1.3% 1.2% 1.2% 4,338 4,307 123 118 3,969 403 372 120 3,688 299 3,486 110 Non-performing Assets (S$m) 586 604 402 103 631 380 Debt securities / Contingent liabilities 744 1,208 1,244 901 Rest of the World NPLs 1,178 Greater China NPLs 1,002 778 Indonesia NPLs Malaysia NPLs Singapore NPLs 1,467 1,496 1,318 1,027 941 551 473 423 403 383 Dec 21 Mar 22 Jun 22 Sep 22 Dec 22 → OCBC Bank Note: NPAs by geography are based on where the credit risks reside. NPAs lower YoY and QoQ in ASEAN QoQ increase in Greater China NPLs primarily due to downgrade of a corporate relationship in Hong Kong, fully secured. with LTV of >60% 20 20#21NPAs down YoY from lower new NPA formation & higher recoveries and upgrades Asset quality S$m At start of period 4Q21 3Q22 4Q22 FY21 FY22 4,243 3,969 3,688 4,005 4,338 New NPAs Corporate/ Commercial Banking and Others 808 304 242 1,838 717 Consumer Banking/ Private Banking 249 164 190 1,052 569 1,057 468 432 2,890 1,286 Net recoveries/ upgrades Corporate/ Commercial Banking and Others (273) (310) (166) (954) (766) Consumer Banking/ Private Banking (98) (359) (105) (365) (747) (371) (669) (271) (1,319) (1,513) Write-offs Corporate/ Commercial Banking and Others (542) (44) (199) (1,192) (336) Consumer Banking/ Private Banking (20) (16) (23) (75) (70) (562) (60) (222) (1,267) (406) Foreign currency translation At end of period (29) (20) (141) 29 (219) 4,338 3,688 3,486 4,338 3,486 → OCBC Bank FY22 NPA formation more than halved from a year ago from improved economic environment ■ Recoveries/upgrades in FY22 largely attributable to orderly exit from loan relief programmes in Malaysia and Indonesia 21#22Loans 4.5% higher YoY in constant currency terms Loans +4.5% YOY +2% in constant ccy terms unchanged Dec 22 in constant ccy terms QoQ -3% 294 298 303 295 290 Loans by Geography (S$b) 53 56 57 59 59 74 74 76 76 73 Rest of the world Greater China Indonesia Malaysia Singapore 19 19 19 20 19 28 27 26 26 25 116 118 120 122 120 Dec 21 Mar 22 Jun 22 Sep 22 Dec 22 Greater China Loans Loans by Industry 10% 5% 5% Hong Kong 5% 14% 10% Offshore 2/ Mainland China 1/ 21% 34% S$73b Dec 22 12% Taiwan S$295b Dec 22 46% Macau 8% Housing loans Building & construction Fls, investment & holding cos Professionals & individuals General commerce Manufacturing ■Loan growth YoY driven by Singapore, Australia, the United States and United Kingdom ■ Corporate, SME and Consumer/Private Banking comprise 53%, 10% and 37% of loan book respectively ■ Sustainable financing loans rose 27% YoY to S$30b, and accounted for 10% of Group loans 30% Others → OCBC Bank Notes: Based on where the credit risks reside. 1/ Loans booked in China, where credit risks reside. 2/ Loans booked outside of China, but with credit risks traced to China. 22#23Deposits rose YoY driven by growth in fixed deposits Group LDR 84.4% 83.6% ☐ 85.0% 83.3% 83.3% 82.5% 76.7% 76.6% 79.3% 82.4% SGD LDR 66.5% 65.8% 66.9% 64.2% 59.3% USD LDR 342 348 349 353 350 34 33 36 35 35 Customer Deposits (S$b) 91 97 101 120 Others 134 Fixed Deposits CASA 63.3% 62.7% 60.9% 56.1% 51.8% CASA ratio 217 218 212 198 181 Dec 21 Mar 22 Jun 22 Sep 22 Dec 22 → OCBC Bank Dec 22 YOY +2% QoQ -1% Deposits Shift from CASA to fixed deposits in line with rising rates ■Continue to actively manage funding in line with balance. sheet requirements 23#24Strong capital position to support growth and shareholder returns CET1 CAR (%) 15.5 15.2 14.9 15.2 14.4 CET1 Capital (S$b) Dec 21 Mar 22 Jun 22 Sep 22 Dec 22 RWA (S$b) 238 34.8 35.1 34.6 34.2 35.2 231 232 232 225 Dec 21 Mar 22 Jun 22 Sep 22 Dec 22 Dec 21 Mar 22 Jun 22 Sep 22 Dec 22 → OCBC Bank Capital Dec 22 | YoY -0.3ppt QoQ +0.8ppt ■ CET1 ratio higher QoQ mainly due to profit accretion and a decline in RWA ■RWA down QoQ led by savings from RWA optimisation and currency translation 24#25Rewarding shareholders with higher dividends 53% 47% 49% 40% 39% Dividend increase Dividend payout ratio 53.0 68.0 53.0 40.0 43.0 DPS (cents) 28.0 28.0 31.8 Final dividend 23.0 Interim dividend 15.9 25.0 28.0 25.0 20.0 15.9 2018 2019 2020 1/ 1/ 2021 2022 → OCBC Bank 1/ In July 2020, the MAS called on locally-incorporated banks headquartered in Singapore to cap total dividends per share for FY20 at 60% of that for FY19. This aims to bolster the banks' resilience and capacity to support lending to customers while also meeting the needs of shareholders. In July 2021, the dividend cap was lifted for the FY21 dividend. Dividend supported by sustained earnings growth and strong capital position ■■53% dividend payout ratio, highest since 2008 Final dividend increased 43% YoY to 40 cents ■ Target 50% dividend payout ratio going forward 25#2604 Appendices: Major Subsidiaries' Results SOCBC Bank → OCBC Bank DOCBC Bank 26#27Great Eastern Holdings' Financial Highlights Great Eastern Total Weighted New Sales (S$m) Profit and Loss 1/ (SGD'm) FY22 YOY 4Q22 YOY QoQ -3% -9% +11% 1,965 1,908 Insurance: Operating Profit 797 +7% 224 3/ +30% +8% 28 Insurance: Non- operating Profit Emerging markets Malaysia Singapore 38 506 548 494 449 9 403 10 62 -79% (250) 3/ nm nm 193 117 199 1,431 1,322 Profit from 292 275 241 Shareholders Fund (64) -167% 21 +75% nm 4Q21 3Q22 4Q22 FY21 FY22 Net Profit 784 -30% 3 -99% -99% New Business Embedded Value (S$m) and Margin 62.2% 46.4% 50.1% Contribution to Group Profit 2/ 40.9% 45.8% 643 -31% (9) -105% -104% NBEV margin +9% ✈ OCBC OCBC Bank +22% +38% Emerging markets Malaysia Singapore 875 804 13 280 8 229 370 202 2 336 2 5 139 106 86 459 492 121 111 139 4Q21 3Q22 4Q22 FY21 FY22 1/ Based on entity reporting requirements. 2/ After group adjustments which primarily include amortisation for intangibles and non-controlling interests. 3/ Refer to slide 28 for more details. 27#284Q22 profit from insurance business lower QoQ mainly due to unrealised valuation losses on insurance contract liabilities from inverted SGS yield curve Profit from Insurance Business SGS Yield Curve (SGD❜m) 4.00 Great Eastern Insurance Operating Profit 3Q22 4Q22 S$208m S$224m Up 30% YoY and 8% QoQ driven by resilient underlying insurance business operating performance 84 3.50 3.00 2.50 208 224 3Q22 2.00 1.50 (250) 1.00 4Q22 Insurance: Operating profit 1/ Insurance: Non-operating profit/(loss) 2/ 0.50 Source: Bloomberg 0.00 1-YR 3-YR 5-YR 7-YR 9-YR 10-YR 15-YR 20-YR 30-YR → OCBC Bank 1/Operating profit Non-Operating Insurance Sep 22 Profit/(Loss) Feb 23 3/ Dec 22 Dec 21 1/ Operating profit is defined as premiums less claims, maturities, surrenders, commissions, expenses and changes in reserves, plus investment income (dividends, coupons, etc). 2/ Non-operating profit/loss mainly comprises changes in the fair value of assets and liabilities, realised gains/losses on sale of investments and changes in liability discount rates due to interest rates fluctuation. 3/ Rates as at 14 Feb 2023. 3Q22 S$84m (S$250m) 4Q22 ■■4Q22 non-operating loss of S$250m due to steeper inversion of SGS yield curve in Dec 22 compared to Sep 22 This impacted valuation of longer-end insurance contract liabilities in the Singapore Non- Participating business The unrealised valuation losses on insurance contract liabilities is expected to reverse as the SGS yield curve normalises to become upward sloping Longer-end rates have been comparatively higher after 31 Dec 22 28#29OCBC Wing Hang Hong Kong & Macau's Financial Highlights OCBC Wing Hang Net Interest Margin Cost-to-Income Profit and Loss 1/ (HKD'm) FY22 YOY 4Q22 YOY QoQ +58bps +29bps +14bps -7.9ppt +0.1ppt -4.3ppt Total Income 5,292 +15% 1,512 +23% +13% Operating Expenses 2,719 +15% 724 +6% +4% 2.04% 1.75% 55.8% 1.46% 1.55% 1.69% 52.2% 51.3% 51.4% 47.9% Allowances 424 nm 179 nm +225% 4Q21 3Q22 4Q22 FY21 FY22 4Q21 3Q22 4Q22 FY21 FY22 Net Profit 2,092 +4% 672 +45% +22% NPL ratio CASA ratio Balance Sheet 1/ Dec 22 YOY QoQ (HKD'b) +1.0ppt +1.0ppt -14.0ppt -5.2ppt Loans Deposits 162 -1% -1% 62.6% 1.4% 53.8% 204 +8% +4% 48.6% 0.4% Dec 21 0.4% Sep 22 Dec 22 Dec 21 Sep 22 Dec 22 → OCBC Bank 1/ Based on entity reporting requirements. 29 29#30OCBC Malaysia's Financial Highlights OCBC Malaysia Net Interest Margin Cost-to-Income Profit and Loss 1/ (MYR'm) FY22 YOY 4Q22 YOY QoQ +35bps +14bps -3.5ppt -3.0ppt +1.4ppt +7bps Total Income 2,789 - 766 +14% +10% Operating Expenses +3% 1,265 332 +6% +3% 2.32% 2.39% 46.8% 46.3% 2.25% 43.3% 44.0% 45.4% 2.04% 2.11% Allowances/ (write-back) (329) -146% (15) -108% +91% 4Q21 3Q22 4Q22 FY21 FY22 4Q21 3Q22 4Q22 FY21 FY22 Net Profit 1,253 +89% 294 +66% -20% NPL ratio CASA ratio Balance Sheet 1/ Dec 22 YOY QoQ (MYR'b) +0.9ppt -0.3ppt -4.4ppt -4.0ppt Loans Deposits 66 -3% -2% 4.8% 4.5% 3.6% 52.9% 52.5% 48.5% 78 +5% +6% Dec 21 Sep 22 Dec 22 Dec 21 Sep 22 Dec 22 → OCBC Bank 1/ Based on entity reporting requirements. 30 30#31Bank OCBC NISP's Financial Highlights Bank OCBC NISP Net Interest Margin Cost-to-Income Profit and Loss 1/ (IDR'b) FY22 YOY 4Q22 YOY QoQ +73bps +19bps +22bps +0.8ppt -1.7ppt +0.6ppt Total Income 10,604 +9% 2,944 +21% +12% Operating 4,668 +11% 1,236 +23% +8% 4.43% Expenses 4.24% 43.7% 43.4% 44.0% 4.04% 41.2% 42.0% 3.70% 3.82% Allowances 1,722 -25% 719 -23% +108% 4Q21 3Q22 4Q22 FY21 FY22 4Q21 3Q22 4Q22 FY21 FY22 Net Profit 3,327 +32% 779 +61% -13% NPL ratio CASA ratio unchanged Balance Sheet 1/ Dec 22 YOY QoQ (IDR't) +0.1ppt +4.0ppt -6.1ppt Loans Deposits 138 +14% +5% 60.7% 2.4% 2.3% 2.4% 54.6% 50.6% 176 +5% +9% Dec 21 Sep 22 Dec 22 Dec 21 Sep 22 Dec 22 > OCBC Bank 1/ Based on entity reporting requirements. 31#32Thank you ✈ OCBC OCBC Bank Disclaimer: This presentation should be read as an overview of OCBC's current business activities and operating environment which may contain statements relating to OCBC's growth strategy and future business aspirations. This presentation contains "forward-looking statements", which are based on current expectations and projections about future events, and include all statements other than statements of historical facts, including, without limitation, any statements preceded by, followed by or that include the words "targets", "believes", "expects", "aims", "intends", "will", "may", "anticipates", "would", "plans", "could", "should", “predicts", "projects", "estimates", "foresees" or similar expressions or the negative thereof, as well as predictions, projections and forecasts of the economy or economic trends of the markets, which are not necessarily indicative of the future or likely performance of OCBC, and projections and forecasts of the performance of OCBC, which are not guaranteed. Such forward-looking statements, as well as those included in any other material discussed at the presentation, concern future circumstances and results and involve known and unknown risks, uncertainties and other important factors beyond the Company's control that could cause the actual results, performance or achievements of OCBC to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions and estimates regarding OCBC and its subsidiaries' present and future business strategies and the environment in which OCBC or the OCBC Group will operate in the future. Forward-looking statements are not guarantees of future performance. These forward-looking statements speak only as at the date of this presentation, and none of the Company or any of its directors, agents, employees or advisors intends or has any duty or obligation to supplement, amend, update or revise any such forward-looking statements to reflect any change in the expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based or whether in the light of new information, future events or otherwise. Given the aforementioned risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements as a prediction of actual results or otherwise. These statements should not be solely relied upon by investors or potential investors when making an investment decision. OCBC accepts no liability whatsoever with respect to the use of this document or its content. 32