#1AmBank Group FOCUS ACCELERATING TOMORROW AmBank Group ap AmBank Group Q1FY2024 RESULTS (30 JUNE 2023) INVESTOR PRESENTATION 21 AUGUST 2023#2GCEO PRESENTATION Dato' Sulaiman Mohd Tahir 3 456 Q1FY24 Financial snapshot Retail Banking PHRA Loans by stages 6 Outlook for 2023#3Financial Snapshot (Reported) | Q1FY24 Financial snapshot Q1FY24 Reported Financials Income Variance 1,202 4% Q1FY23: 1,153 Strong PBP growth offset by higher impairment charges . Higher funding costs; NIM 1.76% (Q1FY23: 2.12%) Partially offset by stronger fee income, trading and investment income as well as finalisation of sales consideration for disposal of AmGen (RM51mil) Disciplined cost management, CTI of 42.2% (508) Expenses (7%) • Q1FY23: (544) 694 Profitability (RM' mil) PBP 14% • Double-digit PBP growth Q1FY23: 609 Impairment (190) Q1FY23: (64) >100% • Higher impairment charges in RB and BB 378 PATMI (8%) • Lower PATMI as a result of higher impairment Q1FY23: 410 ROE (Annualised) 8.3% Q1FY23: 9.8% (1.5%) ROTE: 8.4% Liabilities Gross Loans Assets & (RM' bil) Customer Deposits 129.0 FY23: 130.2 (1%) 130.3 FY23: 130.3 Lower customer activities in WB and BB, offset by consistent growth in RB Time Deposits (TD) grew 11% YTD; CASA switched to TD. CASA ratio 30.4% (FY23: 37.4%) FHC CET1 Capital & Liquidity (with Transitional Arrangements ("TA")) 12.88% FY23: 12.51%² • Capital ratio continue to improve 0.37% FHC CET1 (without TA) = 12.59% (FY23: 12.10%)² FHC LCR 170.0% FY23: 149.2% 20.8% • Highly liquid 1. 2. Q1FY23 P&L numbers are restated following the adoption of MFRS 17 for Insurance Business After deducting proposed dividend AmBank Group Q1FY24 Results - Investor Presentation 3#4Payment Holiday and Repayment Assistance (PHRA) loans under 6 or 12 months observation period | Retail Banking (RB) PHRA loans Total Retail Banking loans and PHRA by staging (RM' bil) A) Mortgage loans and PHRA by staging (RM' bil) Of which, PHRA balance² | Of which, PHRA balance² 72.4 73.3 45.4 46.0 1.9% 10.4% 2.0% 10.8% 8.5¹ 2.0% 2.2% 7.5 9.2% 9.7% 10.6% 5.4 12.7% 4.8 11.8% 46.6% 14.4% 87.7% 87.2% 48.9% 88.8% 88.1% 47.4% 50.0% 42.7% 38.4% 40.8% 35.6% Mar'23 Total June'23 Mar'23 Total I Total June'23 Total Mar 23 Mortgage June'23 Mortgage Mar'23 I RB Loans RB Loans I RB PHRA RB PHRA Mortgage PHRA June'23 Mortgage PHRA ■Stage 1 Stage 2 ■Stage 3 (GIL) Stage 1 Stage 2 ■Stage 3 (GIL) B) Auto Financing loans and PHRA by staging (RM' bil) C) Retail SME loans and PHRA by staging (RM' bil) Of which, PHRA balance² Of which, PHRA balance² 13.4 0.9% 13.9 0.9% 5.1 5.1 10.1% 4.6% 4.7% 10.3% 1.1 1.9 1.0 1.7 26.7% 27.6% 4.5% 16.6% 18.5% 4.9% 88.8% 89.0% 45.3% 47.9% 44.0% 43.9% 68.6% 67.6% 50.2% 47.2% 39.4% 37.6% Mar'23 June'23 Mar'23 June'23 Mar'23 June'23 Mar'23 June'23 Auto Financing Auto | Auto Auto Financing I Financing Financing Retail SME Retail Retail Retail SME SME SME I PHRA PHRA PHRA PHRA L Stage 1 Stage 2 Stage 3 (GIL) Stage 1 Stage 2 Stage 3 (GIL) 1. Remaining balance of RM0.1bil in Retail Book consist mainly of Credit Card and Personal Loan with minimal PHRA exposure 2. PHRA balances consist of active and expired PHRA books under 6 or 12 month of observation AmBank Group Q1FY24 Results - Investor Presentation 4#5Loans (Reported) | Loans by stages Loans by ECL Stages (RM' bil) Stage 1 Stage 2 Stage 3 Breakdown by Business Segments¹ (%) Stage 1 130.2 129.0 126.3 124.4 120.1 1.5% 1.7% RB BB 1.5% 1.6% 1.6% 11.9% 9.7% WB 11.0% 10.2% 9.9% 91.6% 91.5% 88.6% 87.2% 88.7% 87.7% Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 88.8% 86.5% 87.5% 88.2% 88.4% Stage 2 WB BB RB 10.8% 10.4% 9.8% 10.0% 7.7% 7.9% Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Gross Loans Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 (RM'bil) Stage 1 103.9 108.9 111.4 115.6 114.1 Stage 3 Stage 2 14.3 13.6 12.9 12.7 12.8 Stage 3 1.9 1.9 2.0 1.9 2.1 WB RB BB Total 120.1 124.4 126.3 130.2 129.0 1. The comparatives have been restated with current business realignment, mainly between Wholesale Banking (WB) and Business Banking (BB) AmBank Group Q1FY24 Results - Investor Presentation 1.9% 2.0% 1.3% 1.6% 0.5% 0.8% Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 5#6Market Outlook | Outlook for 2023 w www Malaysia $$$0 -$- Banking Sector AmBank Group Q1FY24 Results - Investor Presentation GDP Growth 4.0% to 4.3% Inflation 2.7% to 3.2% Unemployment Rate 3.5% USD/MYR Outlook 4.50 to 4.60 Loans Growth 4.0% to 5.0% $ Asset Quality Stable OPR 3.00% E$$ Liquid & Capital Positions Resilient 6#7GCFO PRESENTATION Jamie Ling 7- 24 Financial Overview#8Financial Overview | Q1FY24 Financial overview 1 Capital, Liquidity and Funding • CET1 at 12.88%, TCR at 16.52%. Without TA, CET1 at 12.59%, TCR at 16.33% 2 • Highly liquid (FHC LCR of 170.0%, LDR 99.0%) Q1FY24 Reported Results (QoQ) • Income of RM1,202mil, up 4% QoQ NII of RM809mil, down 2%. Reported NIM of 1.76% (Q4FY23: 1.84%). Noll at RM393mil, up 20% mainly driven by higher trading and investment income from securities portfolio. RM51mil gain from AmGen divestment completion Expenses fell 9% to RM508mil, CTI at 42.2% (Q4FY23: 48.2%) PBP up 16% to RM694mil Net impairment charge is higher at RM190mil (Q4FY23: RM51mil): Charge/(writeback) Q4FY23 Q1FY24 QoQ Change Impairment (excl. overlays and 66 188 122 forward looking provisions) Forward looking provisions (56) 102 158 Impairment (excl. overlays) 10 290 280 Overlays 41 (100) (141) Net Impairment 51 190 139 Total overlay reserves carried forward RM362mil (FY23: RM461mil) Q1FY24 reported PATMI at RM378mil (Q4FY23: RM410mil); Continuing PATMI stood at RM352mil (Q4FY23: RM387mil) AmBank Group Q1FY24 Results - Investor Presentation 8#9Financial Overview (Reported) | Q1FY24 Performance summary - P&L P&L (RM' mil) Q4FY231 Q1FY24 QoQ Change Q1FY231 Q1FY24 YoY Change Total Income 1,152 1,202 4% 1,153 1,202 4% NII 824 809 (2%) 863 809 (6%) NOII 3281 393 20% 2891 393 36% MFRS 17 restatement impact (8) N/A (9) N/A Expenses (556) (508) (9%) (544) (508) (7%) PBP 597 694 16% 609 694 14% Net Impairment PBT PAT (51) (190) >100% (64) (190) >100% 546 504 (8%) 545 504 (8%) 420 403 (4%) 425 403 (5%) -Profit from Continuing Operations² 420¹ 352 (16%) 3871 352 (9%) - Profit from Discontinued Operation³ 51 N/A 39 51 33% PATMI 420 378 (10%) 410 378 (8%) - PATMI from Continuing Operations² 420¹ 352 (16%) 3871 352 (9%) - PATMI from Discontinued Operation³ 26 N/A 24 26 9% Financial Indicators Q4FY23 Q1FY24 QoQ Change Q1FY23 Q1FY24 YoY Change CTI 48.2% 42.2% (6.0%) 47.2% 42.2% (4.9%) NIM 1.84% 1.76% (0.08%) 2.12% 1.76% (0.36%) ROE (Annualised) 9.6% 8.3% (1.3%) 9.8% 8.3% (1.5%) Basic EPS (sen)4 12.70 11.44 (9.9%) 12.40 11.44 (7.7%) Net Assets per Share (RM)5 5.45 5.59 2.6% 5.11 5.59 9.3% 1. Q1FY23 & Q4FY23 P&L numbers are restated following the adoption of MFRS 17 for Insurance Business 2. 3. 4. Continuing operations comprised Banking operations and Insurance. Insurance mainly consists of Life Insurance (as JV) and General Insurance (as associate from August'22 onwards) Discontinued operation in Q1FY23 and Q1FY24 comprised General Insurance as subsidiary from April 22 to June 22 and RM51m gain from AmGen divestment completion respectively Computed based on weighted average number of shares 5. AmBank Group Computed based on number of ordinary shares issued at period end (excludes treasury shares) Q1FY24 Results - Investor Presentation 9#10Financial Overview (Reported) | Q1FY24 Performance summary - Balance Sheet Balance Sheet (RM' bil) Mar'23 June'23 YTD Change June'22 June'23 YoY Change Gross Loans GIL 130.2 129.0 (1%) 120.1 129.0 7% 1.46% 1.66% 0.20% 1.55% 1.66% 0.11% LLC (with Reg Reserves) 127.7% 115.6% (12.1%) 123.3% 115.6% (7.7%) LLC (without Reg Reserves) 116.5% 107.5% (9.0%) 116.3% 107.5% (8.8%) Customer Deposits 130.3 130.3 ≈2 121.4 130.3 7% Time deposits / Fixed Deposits 81.5 90.7 11% 81.8 90.7 11% CASA 48.8 39.6 (19%) 39.6 39.6 ≈ CASA Mix 37.4% 30.4% (7.1%) 32.6% 30.4% (2.2%) Capital Indicators (without TA) Mar'231 June'23 YTD Change June'22 June'23 YoY Change FHC CET1 12.10% 12.59% 0.49% 11.96% 12.59% 0.63% FHC Tier 1 12.10% 12.59% 0.49% 11.96% 12.59% 0.63% FHC Total Capital 15.47% 16.33% 0.86% 15.48% 16.33% 0.85% Liquidity Ratios Mar'23 June'23 YTD Change June'22 June'23 YoY Change FHC LCR 149.2% 170.0% 20.8% 153.0% 170.0% 17.0% LDR² 99.9% 99.0% (0.9%) 99.0% 99.0% LDR (include NIDs) 95.2% 94.3% (0.9%) 94.4% 94.3% (0.1%) LTAF³ 84.4% 83.6% (0.8%) 84.3% 83.6% (0.7%) 1. After deducting proposed dividend 2. 3. Loan-to-Deposit (LDR) refers to Gross Loans divided by Customer Deposits 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 AmBank Group Q1FY24 Results - Investor Presentation 10#11Group P&L | P&L walk YoY Growth (3%) ▲ 68% 11% 8% 14% ▲ >100% (10%) (12%) (9%) 9% (8%) 410 387 (24) (22) 138 (39) 26 378 14 352 (125) 1 Reported PATMI Q1FY23 Discont'd PATMI Cont'd PATMI Q1FY23 Net Interest Income Non-Interest Total Income Income Expenses PBP Impairment PBT Tax & Zakat Cont'd PATMI Q1FY24 Discont'd PATMI Reported PATMI Q1FY24 Positive growth in Q1FY24 Contraction in Q1FY24 NII NOII Total Income Tax and Expenses PBP Impairment PBT Zakat Cont'd PATMI Discont'd Reported Q1FY24 809 342 1,151 (508) Q1FY23 831 204 1,035 (469) 643 566 (190) 453 (100) 352 PATMI 26 (66) 501 (114) 387 24 PATMI 378 410 ▼(61%) ▲ 27% Effective Continuing Noll % CTI Tax Rate 14% 8% (85%) RB IB Q1FY24 29.7% 44.1% 22.0% ▼(52%) -8% Others Continuing PATMI by Lines of Business (YoY) 1. Insurance comprised Liberty Insurance Berhad (LIB), AmMet Life and AmMet Life Takaful. The results of LIB (associate) has been equity accounted from 1 August 2022 onwards. Q1FY23 19.7% 45.3% 22.7% 16% BB 3% Insurance 1 Cont'd PATMI >100% RM352mil (9%) AmBank Group Q1FY24 Results - Investor Presentation 67% WB 56% 11#12Income | Good Income Growth led by NOII Business Segments Q4FY23¹ Q1FY24 QoQ Change Q1FY23¹ Q1FY24 YoY Change (RM' mil) Wholesale Banking 282 334 18% 250 334 34% Investment Banking 84 91 8% 75 91 21% Retail Banking 454 465 2% 446 465 4% Business Banking 280 269 (4%) 237 269 13% Group Funding & Others 28 (17) (>100%) 39 (17) (>100%) Banking Income 1,128 1,142 1% 1,047 1,142 9% Insurance 241 9 (61%) (12)1 9 >100% Total Income - Continuing 1,152 1,151 ≈ 1,035 1,151 11% Total Income - Reported 1,152 1,202 4% 1,153 1,202 4% Total Income trend (RM'mil) 1. 1,153 1,176 1,223 1,165 1,202 1,152 1,151 1,035 253 293 289 251 328 393 342 204 863 923 913 930 831 824 809 809 Reported Cont'd Q1FY23 Q1FY23 Reported Cont'd Q2FY23 Q2FY23 Q3FY23 Q4FY23 Reported Cont'd Q1FY24 Q1FY24 ■Net Interest Income ■Non-Interest Income Q1FY23 & Q4FY23 P&L numbers are restated following the adoption of MFRS 17 for Insurance Business AmBank Group Q1FY24 Results - Investor Presentation 2 12#13NIM | NIM compression moderating QoQ Net Interest Margin (NIM) Movement (QoQ) Divisions YOY NIM Q1FY24: Reported: 1.76% ( (36bps)) Q1FY23: Funding + Deposits Reported: 2.12% bps 3.6 0.2 (3.0) (0.1) (0.5) (6.3) (2.8) 184 Q4FY23 Reported Reported: (8bps) 176 Retail Banking Wholesale Banking Investment Banking Business Banking Asset mix Interbank/Group Funding Deposits Q1FY24 Reported Positive growth in Q1FY24 NIM Trend Contraction in Q1FY24 Gross Yield COF 3.72% 3.68% 3.73% NIM 4.62% 4.70% 4.49% 4.07% 3.80% 3.65% 3.13% 2.97% 2.55% 2.08% 2.03% 2.09% 2.00% 2.12% 2.15% 2.12% 2.13% 1.84% 1.84% 1.82% 1.84% 1.86% 1.84% 1.76% Q1FY22 Q2FY22 % (Jun 2021) (Sep 2021) Q3FY22 (Dec 2021) Q4FY22 (Mar 2022) Q1FY23 (Jun 2022) Q2FY23 (Sep 2022) Q3FY23 (Dec 2022) Q4FY23 (Mar 2023) Q1FY24 (Jun 2023) Net interest spread 1.88 1.84 1.90 1.81 1.94 1.92 1.94 1.65 1.57 OPR 1.75 1.75 1.75 1.75 2.00 2.50 2.75 2.75 3.00 AmBank Group Q1FY24 Results - Investor Presentation 13#14Noll | Strong Trading, Investment Banking and Insurance performance Composition 3% 3% 30% 18% 6% 3% 9% 13% 5% 5% 3% 2% 100% YoY Growth >100% (10%) >100% 15% ▲ 1% ▼(51%) 16% ▲ 25% ▲ 90% ▼(4%) ▲ >100% ▲ 82% ▲ 68% (40%) ▲ 36% 51 393 21 4 342 8 89 8 0 9 5 289 (1) (10) (86) 204 |- (1) Reported Discont'd Noll Q1FY23 Noll Cont'd Noll Q1FY23 Corporate Transaction GTM Banking Banking Business Banking Wealth Mgt Cards Other retail Fund Mgt products Debt markets, CF & ECM Other IB biz Insurance (General Others & Life) Cont'd Noll Q1FY24 Discont'd Noll Reported Noll Q1FY24 Positive growth in Q1FY24 Contraction in Q1FY24 Q1FY23 Noll Q1FY24 Noll Continuing Noll Discont'd Reported Corp Transaction Banking Banking GTM Business Wealth Banking Mgt Cards Other Debt retail Fund Mgt markets, products CF & ECM Insurance Other IB Cont'd Noll Noll (General & Others biz Noll Life) Q1FY24 11 11 104 63 21 9 29 45 17 16 9 7 342 51 393 Q1FY23 4 12 15 55 21 20 24 36 9 17 (12) 3 204 86 289 Wholesale: >100% AmBank Group Q1FY24 Results - Investor Presentation Retail: (9%) Investment: ▲ 27% 14#15Expenses | Disciplined cost management, Reported CTI 42.2% Business Segments (RM' mil) Wholesale Banking Q4FY23 Q1FY24 QoQ Change Q1FY23 Q1FY24 YoY Change 85 75 (11%) 67 75 11% Investment Banking Retail Banking 277 Business Banking 90 Group Funding & Others 48 ཆེ ཤྩ ཚ 56 52 (5%) 47 52 13% 274 (1%) 244 274 12% 81 (10%) 72 81 13% 25 (49%) 35 25 (29%) Banking Expenses 556 508 (9%) 465 508 9% Insurance (0) 0 ≈2 4 0 (100%) Total Expenses - Continuing Total Expenses - Reported Expense Walk (YoY Movement) (RM'mil) Positive P&L impact in Q1FY24 Negative P&L impact in Q1FY24 556 508 (9%) 469 508 8% 556 508 (9%) 544 508 (7%) Expense (RM'mil) and CTI Trend (%) Expenses ⚫CTI 544 48.2% 47.2% 45.3% 44.1% 42.8% 41.0% 556 42.2% 40.7% 544 18 2 508 24 469 (5) (75) Reported Discont'd Cont'd Q1FY23 Expenses Q1FY23 Staff cost Admin & General AmBank Group Q1FY24 Results - Investor Presentation Sales & Marketing 469 504 497 478 508 508 Others Q1FY24 ReportedCont'd Q1FY23Q1FY23 ReportedCont'd Q2FY23 Q2FY23 Q3FY23 Q4FY23 ReportedCont'd Q1FY24 Q1FY24 15#16PBP & PAT | Positive operating leverage, Reported PBP up 14% Business Segments Q4FY23¹ Q1FY24 QoQ Change Q1FY23¹ Q1FY24 YoY Change (RM' mil) Wholesale Banking 197 259 31% 182 259 42% Investment Banking 28 38 35% 28 38 36% Retail Banking 177 191 8% 202 191 (5%) Business Banking 190 188 (1%) 166 188 14% Group Funding & Others (20) (42) (>100%) 5 (42) (>100%) Banking PBP 573 634 11% 582 634 9% Insurance 24 9 (61%) (16) 9 >100% Total PBP-Continuing 597 643 8% 566 643 14% Total PBP-Reported 597 694 16% 609 694 14% Total PBP and PAT by Quarters (RM'mil) 609 425 725 673 687 694 643 597 566 458 444 387 353 I 420 403 352 I Reported Q1FY23 Cont'd Q1FY23 Reported Q2FY23 Cont'd Q2FY23 Q3FY23 Q4FY23 Reported Q1FY24 Cont'd Q1FY24 - РВР РАТ 1. Q1FY23 & Q4FY23 P&L numbers are restated following the adoption of MFRS 17 for Insurance Business AmBank Group Q1FY24 Results - Investor Presentation 16#17Loans | Lower customer activities in WB and BB, offset by consistent growth in RB Gross Loans Movement (RM' bil) Breakdown by rate sensitivity: Fixed rate-21% Variable rate -79% Breakdown by concept: Islamic 35% Breakdown by customers' type: Retail -55% ROA: ROTA: 0.83% 0.83% Conventional - 65% Non-retail 45% YTD Growth (4%) (4%) 1% 4% 2% ≈2 (5%) 1% (1%) Composition 16% 26% 36% 11% 2% 4% 4% 1% 100% 130.2 0.6 0.5 0.1 0.1 0.0 129.0 (0.9) (1.3) (0.3) Gross loans trend (RM'bil) Q1FY24 YoY Growth Industry 129.0 (1%) 1%1 FY23 9% 130.2 5%² FY22 120.0 6% 5%2 FY23 Wholesale Banking Business Banking Mortgage Auto Financing Cards Retail SME Personal Financing Investment Banking Q1FY24 & others & others Retail: 1% Positive growth in Q1FY24 Contraction in Q1FY24 1. Based on BNM data from end Mar'23 to end Jun'23 2. Based on BNM data and in accordance with AMMB's financial period AmBank Group Q1FY24 Results - Investor Presentation 17#18Asset Quality | Higher impairment charges in BB and RB Net Impairment (YoY Movement) (RM'mil) 63.9 2.0 65.9 39.7 2.8 290.0 49.4 (3.8) (0.1) 166.1 190.4 (99.6) 35.9 (30.0) Reported Q1FY23 Discont'd write-back Q1FY23 Cont'd Q1FY23 Overlay charge Q1FY23 Before Overlay Q1FY23 ECL Stage 1 & 2 ECL stage 3 Individual Allowances Recoveries Commitment & Contingencies Others Before Overlay Q1FY24 Overlay write-back Q1FY24 Reported Q1FY24 Positive P&L impact in Q1FY24 Negative P&L impact in Q1FY24 Gross Impaired Loans (RM'mil) and Loan Loss Coverage (LLC) Ratios Credit Cost and New Impaired Loans Formation AmBank Group FY21 FY22 FY23 Q1FY234 Q1FY244 Retail Business LLC (incl RR)¹ Gross Credit cost² Wholesale GIL Ratio LLC (excl RR) 1.12% 0.46% I 0.56% 0.44% 0.73% (excl. recoveries) (%) 139.2% 127.7% 124.1% 123.3% Net credit cost² (%) 0.81% 0.26% 0.32% 0.20% 0.52% 115.6% 133.1% 124.1% 116.5% 116.3% 107.5% Net credit cost (%) (excl. overlay³) 0.44% 0.39% 0.27% 0.10% 0.82% 1.66% 1.57% 1.55% 1.40% 1.46% 2,139 New Impaired Loans (RM'mil) 990 1,357 1,961 703 817 1,896 1,864 1,770 170 1,676 107 306 530 1. 448 628 517 Includes regulatory reserve of NIL (FY21), RM103m (FY22), RM212m (FY23), RM130m (Q1FY23) and RM173m (Q1FY24) 378 2. Computed based on gross and net loan loss allowances (FS Note A25) 260 266 3. 1,342 1,440 Overlay charges/(write-backs) of RM412m (FY21), -RM160m (FY22), RM68m (FY23), RM30m (Q1FY23) and -RM100m (Q1FY24) 1,180 4. Annualised credit costs 882 893 FY21 FY22 FY23 Q1FY23 Q1FY24 AmBank Group Q1FY24 Results - Investor Presentation 18#19Asset Quality | Vigilant monitoring of sector exposures Impaired Loans by Sector Loans by Internal Risk Grade Strong Very Strong Sector June'22 RM' mil Mar'23 June'23 Composition RM' mil RM' mil YTD Movement YOY Movement Loans outstanding Satisfactory Moderate Marginal Substandard Impaired Bonds & Loans outstanding 2%- Agriculture 8 7 7 0% 3% (5%) Mining and 6% 13% 84 43 58 3% 35% (31%) quarrying 18% Manufacturing 203 215 271 13% 26% 33% Oil & Gas¹: RM3.9bil 11% Electricity, gas and Oil & Gas: RM5.4bil 5 47 48 48 ~ 3% of total 2% 1% >100% water gross loans 13% 63% Construction 150 172 178 8% 3% 19% 74% Wholesale, retail trade, hotels and 198 213 239 11% 12% 21% restaurants 3% 10% Transport, storage 20 and communication 24 1. Categorised under "Mining and quarrying" sector in Financial Statement 24 25 1% 5% 27% Finance and 2 11 9 0% insurance 90 (23%) >100% Construction: RM4.5bil ~ 4% of total 52% Real estate 194 11 34 2% >100% (82%) 35% gross loans Business activities 48 44 50 2% 14% 5% Education and 9 112 12 23 1% health 10 98% >100% Household of which: 944 1,096 1,197 56% 9% 27% 4% - Residential 680 842 916 43% 9% 35% Properties - Transport Vehicles 111 115 118 6% 2% 7% 34% - Others 153 139 163 8% 17% 7% Real Estates: RM7.6bil ~ 6% of total gross loans 62% Total 1,864 1,896 2,139 100% 13% 15% AmBank Group Q1FY24 Results - Investor Presentation 19#20Deposits | Stable deposit level, FD surge amid high interest rate environment Deposits (RM' bil) CASA (RM' bil) and CASA Composition (%) CASA Trend Customer Deposits Trend YTD Growth Industry Q1FY24 130.3 ≈2 1. Q1FY24 FY23 130.3 6% 5%² FY23 FY22 122.6 2% 5%² FY22 Non-Retail CASA Non-Retail FD Retail CASA Retail FD AmBank Group Deposits Market Share (%) 5.5% 5.4% 5.5% YTD Growth Industry 39.6 (19%) 1 48.8 13% (2%)2 43.1 21% 6%2 Retail CASA Non-Retail CASA CASA mix (%) 5.7% 5.7% 32.6% 32.9% 32.2% 37.4% 30.4% 48.8 130.3 130.3 124.3 121.4 121.0 24.9 20.8 39.6 39.8 40.0 39.6 21.4 20.4 21.3 24.9 43.5 49.8 20.4 21.3 21.4 20.8 46.3 43.1 45.0 19.2 18.6 18.6 23.9 18.8 23.9 19.2 18.6 18.6 18.8 35.6 38.1 39.4 38.0 40.9 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 FD (RM'bil) 81.8 81.2 84.4 81.5 90.7 Retail Retail CASA Mix 48.5% 46.6% 46.6% 49.0% 47.4% Deposits 45.1% 46.8% 46.7% 47.5% 45.8% Mix a 22 1. Based on BNM data from end Mar'23 to end Jun'23 2. Based on BNM data and in accordance with AMMB's financial period AmBank Group Q1FY24 Results - Investor Presentation 20 20#21Capital | Capital ratios continue to improve RWA/Total Assets RM' bil 1 Total Assets RWA/Total Assets Peers FHC Capital Adequacy Ratios² CET 1/Tier 1 Total CAR 66.7% 67.4% 62.7% 63.2% 16.33% 16.52% 15.80% 15.18% 15.47% 15.32% 15.65% 14.14% 14.48% 58.1% 54.9% 55.1% 55.1% 12.44% 11.65% 12.59% 12.10% 10.42% 12.20% 11.33% 12.51% 12.88% 197.4 194.1 170.2 174.8 FY21 FY22 FY23 1. Based on an average of our seven peer domestic banks as at March 2023 FHC CET1 (QoQ Movement) Positive growth in Q1FY24 Contraction in Q1FY24 12.51% FY20 FY21 FY22 FY23 Q1FY24 FY21 FY22 FY23 Q1FY24 Q1FY24 without TA 2. After deducting proposed dividends with TA 0.29% 12.88% 0.09% 0.11% 12.59% 0.26% 0.03% 12.10% (0.41%) FY23 (with TA TA FY23 (without TA Profit for Q1FY24 Transfer to Reg Reserve RWA³ Others Q1FY24 (without TA) TA after Dividend) 3. Credit RWA: 0.04%; Market RWA: 0.01%; Operational & Other RWA: 0.06% after Dividend) from RE AmBank Group Q1FY24 Results - Investor Presentation Q1FY24 (with TA) 21#22Summary | Q1FY24 Summary • Gool RESILIENT PERFORMANCE Moderating NIM compression Resumption of market activities AmBank Group Q1FY24 Results - Investor Presentation OPERATING LEVERAGE Maintained cost discipline CREDIT PROFILE GIL uptick in RB and BB BALANCE SHEET STRENGTH Improving capital ratios On-going digitalisation initiatives Overlays c/fwd at RM362mil Solid foundation 22#23Appendix | Appendix: P&L - Continuing & Discontinued Operations Financial Effects post Disposal (Year-on-Year) Q1FY23 Q1FY24 YoY Movement RM'mil Reported (A) + (B) Cont'd Ops (A) Discont'd Op (B) Reported (A) + (B) Cont'd Ops Discont'd Op Reported (A) (B) Continuing Operations Discontinued Operation Income - NII 1,153 1,035 118 1,202 1,151 51 4% 11% (57%) 863 831 32 809 809 - (6%) (3%) (100%) - NOII 289 204 86 393 342 51 52 36% 68% (40%) Expenses (544) (469) (75) (508) (508) (7%) 8% (100%) PBP 609 566 43 694 643 51 14% 14% 20% (Impairment)/Writeback (64) (66) 2 (190) (190) >100% >100% (100%) PBT 545 501 45 504 453 51 PAT 425 387 39 403 352 PATMI 410 387 24 378 352 26 CTI 47.2% 45.3% 63.8% 42.2% 44.1% N/A ཁྐྲཁྐྲ ༠ S (8%) (10%) 15% (5%) (9%) 33% (8%) (9%) 9% (4.9%) (1.2%) (63.8%) Financial Effects post Disposal (Quarter-on-Quarter) Q4FY23 Q1FY24 QoQ Movement RM'mil Reported (A) + (B) Cont'd Ops (A) Discont'd Op (B) Reported (A) + (B) Cont'd Ops (A) Discont'd Op (B) Reported Continuing Operations Discontinued Operation Income 1,152 1,152 1,202 1,151 51 4% N/A - NII 824 824 809 809 (2%) (2%) N/A - NOII 328 328 393 342 52 51 20% 4% N/A Expenses (556) (556) (508) (508) (9%) (9%) N/A PBP 597 597 694 643 51 16% 8% N/A (Impairment)/Writeback (51) (51) (190) (190) >100% >100% N/A PBT 546 546 504 453 51 (8%) (17%) N/A PAT 420 420 403 352 51 (4%) (16%) N/A PATMI 420 420 378 352 26 (10%) (16%) N/A CTI 48.2% 48.2% 42.2% 44.1% N/A (6.0%) (4.1%) N/A AmBank Group Q1FY24 Results - Investor Presentation 23#24THANK YOU#25Q1FY24 Results (Reported) | Reported yearly performance (LATMI) / PATMI (RM' mil) & ROE (%)¹ PATMI: YoY Growth (7.8%) 9.3% 9.8% 9.8% ROE: YoY Growth (1.5%) 8.3% 1,503 1,701 410 378 FY21 FY22 FY23 Q1FY23 Q1FY24 (3,826) -20.2% Cost to Income Ratio and Expenses Growth (%)¹ Expenses YoY Growth CTI Avg improvement (FY21-FY23) CTI (1.1%) 46.8% Total Income (RM' mil) and Non-interest Income (%)¹ Total Income: CAGR FY21-FY23: YoY Growth 1.7% 4.3% Total Income Non-Interest Income % 36% 33% 30% 25% 25% 4,552 4,665 4,704 1,202 1,153 FY21 FY22 FY23 Q1FY23 Q1FY24 ROA (%) and EPS (Basic)¹ Expenses: CAGR FY21-FY23 (0.8%) ROA: YoY Growth EPS: (0.15%) YoY Growth (7.7%) EPS ROA 47.2% 44.9% 44.7% 42.2% 9.9% 1.1% 0.3% -1.8% FY21 1. AmBank Group FY22 FY23 Q1FY23 0.94% 0.90% 0.98% 0.83% 45.54 52.41 12.40 11.44 FY21 FY22 FY23 Q1FY23 Q1FY24 (127.22) -6.6% Q1FY24 Q1FY23 & FY23 P&L numbers are restated following the adoption of MFRS 17 for Insurance Business Q1FY24 Results - Investor Presentation -2.24% 25#26Asset Quality | (Impairments) / Recoveries Net (Impairments) / Recoveries and GIL Ratio Total impairments by category (RM' mil) ECL Stage 1 & 2 / CP - Non defaulted¹ ECL Stage 3/CP - Defaulted Individual Provisions Recoveries Other Provisions2,3 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 QoQ Change YoY Change 6 19 (55) 17 (31) >100% >100% (125) (155) (167) (141) (174) 23% 40% (12) (20) (66) (41) (52) 26% >100% 71 83 68 88 69 (22%) (4%) (6) (15) 71 26 (2) >100% (64%) Total net impairments - Continuing (66) (88) (149) (51) (190) >100% >100% Total net impairments - Reported (64) (203) (149) (51) (190) >100% >100% Total impairments by divisions (RM' mil) Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 QoQ Change YoY Change Wholesale Banking 13 43 (15) 49 (>100%) (>100%) Investment Banking 0 0 (0) (0) >100% >100% Retail Banking (38) (121) (85) (58) (127) >100% >100% Business Banking (11) (10) (112) 23 (114) >100% >100% Group Funding & Others³ (30) 1 56 (1) 1 (>100%) (>100%) Total net impairment - Continuing (66) (88) (149) (51) (190) >100% >100% Total net impairment - Reported (64) (203) (149) (51) (190) >100% >100% GIL Ratio4 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 QoQ Change YoY Change Wholesale Banking 1.72% 1.32% 1.27% 0.50% 0.83% 0.33% (0.89%) Retail Banking 1.71% 1.82% 1.87% 1.85% 1.97% 0.12% 0.26% Business Banking 1.20% 1.09% 1.35% 1.30% 1.59% 0.29% 0.39% Group Industry 1.55% 1.52% 1.62% 1.46% 1.66% 0.20% 0.11% 1.81% 1.82% 1.72% 1.74% 1.76% 0.02% (0.05%) 723 1. Includes overlay and forward-looking provision 2. Includes trade & sundry debtors and provision for contingencies 3. Excludes AmGen's net impairment of -RM2.0 (Q1FY23) and RM115.2m (Q2FY23) 4. FY23 numbers have been restated with current business realignment, mainly between Wholesale Banking (WB) and Business Banking (BB) AmBank Group Q1FY24 Results - Investor Presentation 26#27Divisional Performance#28Wholesale Banking | Wholesale Banking Total Income (YoY Movement) and Assets by Line of Business PAT Trend (RM' mil) 43% Total Income RM334 mil 34% Transaction Banking 16% 27% Transaction Wholesale Banking 3% Banking Coverage 24% Wholesale Banking Coverage 24% Total Assets Group RM84.8bil Treasury & Markets 73% Group Treasury & Markets 60% 34% 1. FY23 numbers have been restated with current business realignment, mainly between Wholesale Banking (WB) and Business Banking (BB) AmBank Group Q1FY24 Results - Investor Presentation 152 Q1FY23¹ FY23: 671 QoQ Growth: 67% YoY Growth: 56% 209 168 142 Q2FY231 237 1 1 Q3FY23 Q4FY23 Q1FY24 Corporate Banking Loan Disbursement and Repayment ■Disbursement ■Repayment Disbursement QoQ Mvmt: *Disbursement YoY Mvmt: (70%) (45%) Repayment QoQ Mvmt: (5%) *Repayment YoY Mvmt: (32%) 1 1 Q1FY23 Q2FY23 Q3FY23 1 Q4FY23 Q1FY24 *Note: YoY mvmt - Q1FY24 vs Q1FY23 28#29Wholesale Banking | Wholesale Banking Income Statement YoY Growth (5%) >100% 34% 11% 42% >100% 58% 66% 56% 152 (11) 95 (8) 37 237 (28) RM' mil Net Interest Income Non-Interest Income Total Income Expenses PBP Recoveries PBT Tax Expenses PAT Q1FY24 208 126 334 (75) 259 49 308 (70) 237 Q1FY23 (Restated)¹ Q1FY24 PAT Q1FY23 PAT 219 31 250 (67) 182 13 195 (42) 152 Positive growth in Q1FY24 Contraction in Q1FY24 Balance Sheet (RM' mil/%) Key Ratios FY23 Gross Loans/Financing FY23 (Restated)¹ 21,345 Q1FY24 YTD Change (Restated)¹ Q1FY24 YTD Change GIL Ratio 0.50% 0.83% 0.33% 20,446 (4%) CTI 26.2% 22.5% (3.7%) Gross Impaired Loans 107 170 59% Loan Loss Coverage 512.7% 289.8% (>100%) Customer Deposits 43,145 48,005 11% ROA 0.88% 1.12% 0.24% CASA 10,698 9,649 (10%) CASA Mix 24.8% 20.1% (4.7%) 1. FY23 numbers have been restated with current business realignment, mainly between Wholesale Banking (WB) and Business Banking (BB) AmBank Group Q1FY24 Results - Investor Presentation 29#30Investment Banking | Investment Banking League Table DCM (Overall MYR Bonds) Islamic Sukuk Unit Trust Market Share¹ As At 30 June 2023 Rank² 15.3% 12.0% 4 7.8% 5 PAT Trend (RM' mil) Stockbroking³ 7.0% 5▲ 23 18 M&A³ 24.2% 1. Fund Raising³ 4.5% 3A (non-DCM) 1. Calendar Year data 2. Comparing rank movement with 31 March 2023 3. Rank by value Fund Management - AUM (RM' bil) 47.9 47.6 47.8 48.3 42.1 FY20 FY21 Q1FY23 Q2FY23 FY23: 91 Private Banking - AUM (RM' bil) 28 QoQ Growth: YoY Growth: 31% 27% 22 22 I I I 29 Q3FY23 Q4FY23 Q1FY24 9.8 10.1 10.2 9.2 7.9 FY22 FY23 Q1FY24 FY20 FY21 FY22 FY23 AmBank Group Q1FY24 Results - Investor Presentation I I I I I I Q1FY24 30#31Investment Banking | Investment Banking Income Statement YoY Growth (5%) 27% 21% 13% 36% >100% 34% 65% 27% 23 (1) 17 (6) (0) 29 29 (4) RM' mil Net Interest Income Non-Interest Income Total Income Expenses PBP (Impairment) / Recoveries PBT Tax Expenses PAT Q1FY24 Q1FY23 12 78 91 (52) 38 (0) 38 (9) 29 13 62 75 (47) 28 0 28 (5) 23 Q1FY24 PAT Q1FY23 PAT Positive growth in Q1FY24 Contraction in Q1FY24 Balance Sheet (RM' mil/%) Key Ratios FY23 Q1FY24 YTD Change FY23 Q1FY24 YTD Change Gross Loans/Financing 2,382 2,389 CTI 64.4% 57.8% (6.6%) Share Margin Financing 1,661 1,682 1% ROA 3.13% 3.75% 0.62% Customer Deposits 955 1,038 9% Average AUM¹ 57,176 58,255 2% CASA 136 113 (17%) CASA Mix 14.2% 10.9% (3.3%) 1. Inclusive of Private Banking AmBank Group Q1FY24 Results - Investor Presentation 31#32Retail Banking | Retail Banking Total Income (YoY Movement) and Loans by Line of Business PAT Trend (RM' mil) Total Income RM 465 mil 4% QoQ Growth: YoY Growth: (46%) (61%) (8%) Retail SME 8% >100% (47%) Others 8% Mortgage 11% 3% Wealth 5% Personal Financing Retail SME 7% Cards 7% 4% Auto Financing 10% (15%) Auto Total Loans Mortgage Financing 19% (16%) RM73.3bil 63% Cards 13% 55% Deposits 43% AmBank Group Personal Financing 2% 125 72 FY23: 409 122 91 49 (41%) Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 22 32#33Retail Banking | Retail Banking Wealth Sales (RM' mil) 433 379 FY23: 1,899 QoQ Growth: 3% Merchant Volume YoY Growth: 42% Merchant volume (RM'mil) Merchants in force ('000) QoQ Growth: QoQ Growth: (1%) YoY Growth: (3%) (1%) YoY Growth: (4%) 35 34 34 34 34 FY23: 15,367 563 539 3,945 524 3,870 3,844 3,708 3,809 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Credit Cards Cards in circulation QoQ Growth: *Cards in circulation YoY Growth: 2% 11% Cards in circulation ('000) New cards issued ('000) New cards issued QoQ Growth: *New cards issued YoY Growth: (3%) 16% ■Mortgage Auto Finance Mortgage and Auto Finance Quarterly Disbursements Mortgage QoQ Growth: *Mortgage YoY Growth: Auto Finance QoQ Growth: *Auto Finance YoY Growth: (6%) 12% 5% >100% 680 100 660 90 80 Cards in circulation 640 70 620 60 600 50 580 560 40 30 New cards issued 540 520 500 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 20 10 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 AmBank Group Q1FY24 Results - Investor Presentation *Note: YoY growth - Q1FY24 vs Q1FY23 33#34Retail Banking | Retail Banking Income Statement YoY Growth 7% (9%) 4% 12% (5%) >100% ▼(61%) (61%) (61%) 25 125 (6) (30) 24 49 RM' mil Net Interest Income Non-Interest Income Total Income Expenses PBP (89) Impairment PBT Tax Expenses PAT Q1FY24 Q1FY23 406 59 465 (274) 191 (127) 64 (15) 49 381 65 446 (244) 202 (38) 164 (39) 125 Q1FY24 PAT Q1FY23 PAT Positive growth in Q1FY24 Contraction in Q1FY24 Balance Sheet (RM' mil/%) Key Ratios FY23 Q1FY24 YTD Change FY23 Q1FY24 YTD Change Gross Loans/Financing 72,351 73,265 1% GIL Ratio 1.85% 1.97% 0.11% Gross Impaired Loans 1,342 1,440 7% CTI 55.3% 59.0% 3.6% Customer Deposits 61,933 59,674 (4%) Loan Loss Coverage 88.7% 84.7% (4.0%) CASA 23,936 18,769 (22%) ROA 0.58% 0.27% (0.31%) CASA mix 38.6% 31.5% (7.2%) Average AUM 2,281 2,090 (8%) (Wealth Management) AmBank Group Q1FY24 Results - Investor Presentation 34#35Business Banking (Reported) | Business Banking Gross Loans (RM' mil) Non-trade Trade 6% PAT Trend (RM' mil) QoQ Growth: YoY Growth: (4%) 34,512 31,483 32,142 31,998 33,220 10,163 9,452 9,615 9,298 9,265 22,031 22,527 22,701 24,349 23,954 Q1FY231 Q2FY231 Customer Deposits (RM' mil) CASA FD Q3FY231 Q4FY23¹ Q1FY24 QoQ Growth: YoY Growth: (10%) 1% 24,610 23,437 23,474 22,005 22,150 10,253 11,702 11,248 11,277 10,500 14,358 10,727 11,735 12,226 11,650 Q1FY23¹ Q2FY23¹ Q3FY231 Q4FY231 Q1FY24 1 FY23: 477 QoQ Growth: (65%) YoY Growth: (52%) 163 118 130 U.l. 66 57 Q1FY23¹ Q2FY23¹ 1. FY23 numbers have been restated with current business realignment, mainly between Wholesale Banking (WB) and Business Banking (BB) AmBank Group Q1FY24 Results - Investor Presentation Q3FY231 Q4FY231 Q1FY24 35#36Business Banking | Business Banking Income Statement YoY Growth 13% 15% 13% 13% 14% >100% (52%) (52%) (52%) 8 24 118 (9) 19 57 (102) RM' mil Net Interest Income Non-Interest Income Total Income Expenses PBP Impairment PBT Tax Expenses PAT Q1FY24 Q1FY23 (Restated)¹ Q1FY24 PAT Q1FY23 PAT 206 63 269 (81) 188 (114) 75 15 (17) 57 183 55 237 (72) 166 (11) 155 (37) 118 Positive growth in Q1FY24 Contraction in Q1FY24 Balance Sheet (RM' mil/%) FY23 Q1FY24 YTD Change (Restated)¹ Gross Loans/Financing 34,512 33,220 (4%) GIL Ratio Gross Impaired Loans 448 530 18% CTI Key Ratios FY23 Q1FY24 YTD Change (Restated)¹ 1.30% 1.59% 0.30% 30.3% 30.1% (0.2%) Customer Deposits 24,610 22,150 (10%) Loan Loss Coverage 105.1% 110.6% 5.5% CASA 14,358 11,650 (19%) ROA 1.52% 0.67% (0.85%) CASA Mix 58.3% 52.6% (5.7%) 1. FY23 numbers have been restated with current business realignment, mainly between Wholesale Banking (WB) and Business Banking (BB) AmBank Group Q1FY24 Results - Investor Presentation 36#37AmBank (M) entity level | AmBank (M) Income Statement YoY Growth ▼(3%) 49% 8% (3%) 17% >100% (23%) (23%) (23%) 285 (15) 69 9 (147) 18 218 RM' mil Net Interest Income Non-Interest Income Total Income Expenses PBP Impairment PBT Tax PAT Q1FY24 Q1FY23 551 210 761 (330) 431 (152) 279 (60) 218 566 141 707 (339) 368 (5) 363 (78) 285 Q1FY24 PAT Q1FY23 PAT Positive growth in Q1FY24 Contraction in Q1FY24 Balance Sheet (RM' mil/%) Key Ratios FY23 Q1FY24 YTD Change FY23 Q1FY24 YTD Change Gross Loans 83,739 83,081 (1%) GIL Ratio 1.64% 1.87% 0.23% Gross Impaired Loans 1,374 1,558 13% CTI 47.3% 43.4% (3.9%) Customer Deposits 85,391 85,501 = Loan Loss Coverage 123.6% 111.4% (12.1%) CASA 31,342 26,557 (15%) ROA 0.86% 0.65% (0.22%) CASA Mix 36.7% 31.1% (5.6%) AmBank Group Q1FY24 Results - Investor Presentation 37#38AmBank Islamic entity level | AmBank Islamic Income Statement YoY Growth (1%) >100% 10% 52% (7%) (38%) 7% 9% 7% 100 (2) 29 (41) 24 107 (3) RM' mil Net Interest Income Q1FY24 Q1FY23 Q1FY24 PAT 249 Non-Interest Income 46 Total Income Expenses PBP Impairment PBT Tax & Zakat PATZ 295 (118) 177 (38) 139 (32) 107 251 17 268 (77) 191 (62) 129 (29) 100 Q1FY23 PAT Positive growth in Q1FY24 Contraction in Q1FY24 Balance Sheet (RM' mil/%) Key Ratios FY23 Q1FY24 YTD Change FY23 Q1FY24 YTD Change Gross Financing 45,641 45,015 (1%) GIF Ratio 1.14% 1.29% 0.15% Gross Impaired Financing 521 580 11% CTI 27.8% 39.9% 12.1% Customer Deposits 45,253 45,365 Financing Loss Coverage 136.5% 124.8% (11.7%) CASA 17,785 13,624 (23%) ROA 0.95% 0.71% (0.24%) CASA Mix 39.3% 30.0% (9.3%) AmBank Group Q1FY24 Results - Investor Presentation 38#39Glossary & 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 Q1FY24 vs Q4FY23 YoY growth refers to Q1FY24 vs Q1FY23 YTD growth refers to Q1FY24 vs FY23 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 Email: [email protected]/ [email protected] Soh Yee Tyng Vice President, Group Finance - Investor Relations Email: [email protected] AmBank Group Q1FY24 Results - Investor Presentation