#1CIMB Analyst Presentation FY21 Results CIMB Group Holdings 28 February 2022 FORWARD Your Ambitions#201 Overview MAAR AM#3>>> > Σ FY21 Year In Review Met and exceeded all targets except for Gross Loan growth target Loan growth was slightly below target as we grew loans judiciously and reshaped our portfolio especially in Indonesia and Thailand FY21 FY21 FY21 BAU Target Guidance O ROTCE 9.6% 8-9% 9-10% >>> Improved FY21 financials driven by operating income from stronger NIM, while keeping cost under control, as well as lower provisions. M ROE 8.1% 6-7% 7.5-8.5% Dividend >>> Multiple relief assistance programs throughout the year. However, sufficient overlays have been provided in 2020 with top ups in 2021 50%* 40-60% 40-60% Payout Ratio {$} Total Loan 3.3% 4-5% 2-3% Growth >>> Commendable net profit growth of 289.3% YoY to hit RM4.65 bil, translating to an ROE of 8.1% Cost to >>> Forward 23+ progressing well. However, more work needed to focus and improve on technology and operational resiliency $ SA 48.6% <52% <50% income % Loan Loss 73bps 80-90bps 75-85bps Charge >>> Ended the year with record high CET1 of 14.5%, with proposed dividend payout ratio of 50% CET 1 14.5% >12.5% >12.5% (CIMB Group) Notes: All numbers are on a BAU basis unless stated otherwise *Based on BAU net profit 3#4Key Highlights Stronger operating income. QoQ and YoY Loan growth momentum picked up in 4Q E B Cost remains under control with CIR at 48.6%. PPOP grew 14.9% Core FY21 net profit remains strong and ROE at 8.1% Operating income grew 8.2% YoY from NIM expansion and loan growth; QoQ +4.8% from higher fee income Better YoY performance across all business segments > Total provisions 53.6% lower YoY due to reduced overlays and lower non-retail provisions. However, 4Q21 provisions were elevated QoQ largely from overlays, top up of legacy. accounts and other receivables Σ Σ >>> Gross loan momentum picked up in 4Q21 growing 1.5% QoQ, translating to a FY21 growth of 3.3% YoY >>> >>> Deposit growth strong at 7.2% YoY driven by CASA at +10.3%. CASA ratio stood at 42.5% as at end Dec-21 Strong controls on opex growing at +1.8% YoY with FY21 CIR at 48.6%. QoQ increase of 9.8% due to year-end catch- up of expenses. PPOP grew strongly at 14.9% from the positive JAW >> FY21 net profit +289.3% YoY driven by all business segments and countries, bringing about an FY21 core ROE of 8.1% (excluding exceptional items and cukai makmur impact) CET1 rose to a record high 14.5% as at end Dec-21. Proposed second interim dividend of 12.55 sen /share Σ Note: All numbers are on a BAU basis unless stated otherwise. Excludes RM556 mil of exceptional items encompasing: Gain on deconsolidation of Touch 'n Go Digital of RM1,156 mil; Impairment of CIMB Thai goodwill of RM 1,215 mil; 4 Intangible assets write off and accelerated amortisation of RM402 mil; and other El of RM95 mil#5I Σ Key Business/Operational Highlights Operating income strong QoQ and YoY Total Operating Income (RM 'mil) +4.8% QoQ +8.2% YoY 18,372 16,987 4,604 4,393 NIM~ FY21 NIM expanded to 2.45%, 18bps improvement YoY FY21^ 2.45% FY20 2.27% 2.52% 2.51% 2.40% 2.41% 2.37% 3Q21 BAU^ 4Q21 BAU^ FY20 FY21 BAU^ 4Q20 1Q21 BAU 2Q21 Λ 3Q21 BAU 4Q21 Λ Provisions down YoY from lower overlays and non-retail Ended the year with stronger CIR from positive JAW provisions 51.7% Total Provision (RM'mil) CIR 48.6% +91.0% QoQ -53.6% YoY (RM 'mil) 6,798 16,987 +8.2% 18,372^ Operating Income 1,148 3,157 JAW +6.4% 601 Operating expenses 8,775 +1.8% 8,938 PPOP 8,212 -+14.9% 9,434 3Q21 BAU* 4Q21 BAU* FY20 FY21 BAU* FY20 FY21 BAU Notes: Excludes gain on deconsolidation of Touch 'n Go Digital of RM1,156 mil and exceptional items of RM15 mil # Excludes: Exceptional items of RM482 mil * Excludes 2Q21: Exceptional items of RM11 mil; 3Q21: Exceptional items of RM1,204 mil ~Annualised 5 LO#6PBT By Segment CIMB Digital Assets & Group Funding 14% FY21 Group PBT Wholesale Banking 39% RM6,345 mil ▲ 314.7% Consumer Banking 30% Commercial Banking 17% > Strong YoY Consumer growth from improved income and lower provisions. QoQ -47.8% due to higher overlays and provision on other receivables > Commercial improved YoY driven by the absence of large Singapore provision in FY20, while QoQ growth driven by stronger PPOP and lower ECL > Wholesale stronger YoY from treasury & markets and lower provisions, while QoQ decline due to top up of provisions on legacy accounts > CDA & Group Funding PBT better on the back of higher NII given the absence of the negative impact of rate cuts. QoQ improved mainly from MTM gain on unquoted securities Commercial Banking ^ Λ Wholesale Banking + 2,475 CIMB Digital Assets & Group Funding * 869 Consumer Banking PBT 1,929 1,072 RM (mil) Y-o-Y 243.9% ▲ 924.6% ▲ 383.4% ▲ 48.1% Q-o-Q 47.8% Notes: Excludes exceptional items of: ~ RM397 mil; ^RM260 mil; + RM463 mil; -RM564 mil 161.1% 62.5% 3.8% 6#7PBT By Country Others Singapore -2% Thailand 5% 9% FY21 Group PBT Indonesia 25% RM6,345 mil ▲ 314.7% Malaysia 63% > Malaysia PBT +122.9% YoY from improved NIM and lower Corporate provisions YoY. QoQ decline mainly from higher. Corporate provisions in 4Q21 > Stronger YoY performance in Indonesia from topline expansion and lower provisions. However, higher provisions from Consumer leading to 5.0% QoQ decline in PBT > Thailand PBT rose YoY from lower provisions and operating expenses. QoQ PBT decline mainly due to weaker income from lower asset base > Singapore PBT stronger YoY from better income, lower Corporate provisions and Commercial recoveries. QoQ decline. with higher overheads from accrued expenses Malaysia Indonesia" + Thailand Singapore PBT RM (mil) 3,995 1,575 305 575 Y-o-Y ▲ 122.9% 89.9% 82.6% 155.3% Q-o-Q 43.8% Notes: Excludes exceptional items of: ~RM1,618 mil; ^RM42 mil; +RM11 mil; *RM42 mil 5.0% 7.6% 58.2% 7#8Operating Income 4Q21 FY21 (RM 'mil) Q-o-Q Y-o-Y BAU^ BAU^ Net interest income 3,542 2.5% 13,958 11.5% Non interest income 1,062 13.5% 4.414 (1.1%) Total 4,604 4.8% 18,372 8.2% NII improved YoY on NIM expansion and loan growth FY21 NIM expanded strongly mainly from Malaysia and Singapore, but tapered QoQ across all core markets except Malaysia NOII 13.5% higher QoQ on improved. fee income in 4Q21; Marginally lower YoY on lower trading and FX gains. Net Interest Margin* NOII Breakdown +1bp Q-o-Q +18bps Y-o-Y Fee & others Trading & FX 2.46% 1,062 4,464 4,414 936 2.41% 2.45% 2.40% 2.45% 572 2.40% +27.4% +10.7% 729 2,377 2,631 2.29% 2.27% 3Q21 Notes: * Annualised 4Q21 FY20 FY21 -14.6% 364 -8.5% 333 2,087 1,783 3Q21 4Q21 FY20 FY21 BAU BAU BAU Excludes net modification gain/loss ^ Excludes 1Q21 gain on deconsolidation of Touch 'n Go Digital of RM1,156m il; 3Q21: exceptional items gain of RM2 mil; 4Q21: exceptional item loss of RM17 mil: 8#9Operating Expenses 4Q21 FY21 (RM 'mil) Personnel Q-o-Q Y-o-Y BAU^ BAU^ 1,349 2.8% 5,348 4.0% Establishment 234 10.3% 881 Technology. 343 6.1% 1,303 (6.4%) 15.0% Marketing 66 39.9% 174 (18.5%) Admin & General 383 43.0% 1,232 (8.3%) Total 2,375 9.8% 8,938 1.8% Cost-to-Income Ratio YoY +4.1% JAW -1.4% -1.6% +3.1% +6.4% 51.8% 52.6% 53.4% 51.7% 48.6% FY17 FY18 FY19 FY20* FY21^ > Opex +1.8% YoY with higher Personnel and Technology investments, partially offset by lower Establishment and A&G > QoQ +9.8% from year-end accrued expenses mainly from Technology, Marketing and A&G FY21 CIR improved to 48.6% (-310bps) from strong cost controls Σ * Notes: Excludes FY19 transformational cost of RM366mil; Impairment and write off of intangible assets of RM6mil ^ Excludes: 1Q21: Exceptional items of RM46 mil; 2Q21: Exceptional items of RM247 mil; 3Q21: Exceptional items of RM104 mil; 4Q21: Exceptional items of RM85 mil * Deposit insurance cost for Thailand and Indonesia has been reclassified to NII and comparatives have been restated 9#10Total Provisions 4Q21 3Q21 FY21 (RM 'mil) Q-0-Q FY20 Y-o-Y BAU^ BAU^ BAU^ Loan Impairment 717 529 35.5% 2,614 5,342 (51.1%) Commitment & Contingencies 68 44 54.5% 110 192 (42.7%) Debt instruments / securities 104 18 477.7% 153 749 (79.6%) Others 259 10 >1,000% 280 515 (45.6%) Total 1,148 601 91.0% 3,157 6,798 (53.6%) Total Provisions Breakdown (RM 'mil) I 6,798 MEF & Overlay 1,148 1,663 Covid-19 related 328 I 601 Underlying 1,801 3,157 O Credit related/ 400 435 893 Significant IA 1,716 675 One-off non 13 311 recurring write 1,506 238 1,682 back 109 83 (85) (64) 3Q21 BAU^ 4Q21 BAU^ FY20 FY21 BAU^ Σ Λ Notes: Excludes exceptional items of 2Q21: RM11 mil; 3Q21: RM1,204 mil > Commitments & contingencies lower. YoY from lower MEF & overlays > Debt Instruments / securities were significantly lower YoY but higher QoQ due to impact of provisions on an Oil and Gas exposure > Others significantly lower YoY despite booking a provision amounting to RM281 mil in 4Q21 related to the double crediting of customers as we made large provisions in 2020 for the airline-related derivatives exposure FY21 overlays mainly attributed to Malaysia and Indonesia Consumer and Commercial > Covid-19 related provisions QoQ higher due to Malaysia corporate, however significantly lower on YoY basis > Credit related QoQ mainly higher from Indonesia Corporate. YoY lower from absence of large provision from Singapore Commercial and Corporate 10#11Loan Provisions/ECL +35.5% Q-o-Q -51.1% Y-o-Y RM 'mil 5,342 MEF & Overlay 717 1,529 Covid-19 related 529 191 Underlying 829 2,614 Credit related/ 406 295 1,366 696 Significant IA 634 One-off non 47 122 1,682 recurring write 1,201 161 109 back -83 (85) (64) 3Q21 4Q21 FY20 FY21 -51.1% YoY mainly from lower overlays and absence of large Singapore provisions > Higher QoQ due to top up of Corporate provisions in Malaysia and Indonesia Σ Allowance coverage stood at 100.2% with GIL of 3.5% FY21 Loan Loss Charge of 0.73% with 4Q21 coming in at 0.84% Allowance Coverage 101.9 102.2 105.1 100.2 Loan Loss Charge (bps) 91.6 FY17 69 Gross Impaired Loans Ratio 3.6 3.4 3.4 3.4 3.5 FY18 43 FY19 45* 1.51 Loan Loss Charge ~ 0.78 0.68 0.62 0.84 FY20 151 FY21 73 4Q20 1Q21 2Q21 3Q21 4Q21 Σ ~ Notes: Annualised * Notes: lower due to MFRS 9 11#12Asset Quality & Moratorium Gross Loans Bonds Covid-19 Impacted Sectors >> 31 Dec-21 31 Dec-21 Hospitality 1.2% 0.0% Retail 2.1% 0.1% Aviation 0.3% 0.4% ☑ Leisure 0.7% 1.2% Total: Directly impacted sectors 4.3% 1.8% vs 30 Sep-21 4.5% 1.8% > Σ Others: Indirectly impacted sectors 21.1% 5.6% Continuation of Group-wide R&R approach across all segments and countries > Malaysia Consumer Moratorium and R&R stable at 30% >> Indonesia declined to 7% with improvement in all segments, while Thailand stood at 10% from gradual Consumer recovery Total Group bond holdings stood at RM131 bil as at Dec-21 (Sep-21: RM 132 bil; Dec-20: RM121 bil) vs 30 Sep-21 21.8% 5.6% Moratorium and R&R Malaysia Indonesia Thailand Singapore Group Λ Consumer 30% 3% 9% 1% 24%' * Commercial 22% 13% 21% 3% 18% Corporate# 11% 6% 12% 3% 8% Total (as at 31 Jan-21) 24% 7% 10% 2% 18% vs 31 Dec-21 26% 8% 10% 2% 20% vs 30 Sep-21 28% 11% 11% 2% 22% Σ 12 Notes: Includes Cambodia, Vietnam and Philippines * Includes Cambodia #Corporate loans only#13Σ Gross Loans Loans-to-Deposit Ratio (RM 'bil) 31 Dec-21 Q-0-Q Y-o-Y Consumer Banking 199.5 2.8% 5.1% 89.0% 88.9% 87.8% Commercial Banking 61.9 0.9% 1.1% 85.8% 84.5% Wholesale Banking 116.6 (0.3%) 1.6% Total 378.0 1.5% 3.3% Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Others 5% Singapore 9% Thailand Loan Growth by Country (Y-o-Y)~ +4.1% 8% 31 Dec-21# RM 378.0 bil Indonesia 15% Λ Malaysia 63% +3.9% Notes: Excluding FX fluctuations ^ In local currency # Based on geographical location of counterparty *Including Cambodia, Vietnam and Philippines Λ * -6.3% Others +3.6% Λ +4.6% +2.9% 13#14Deposits CASA Ratio (RM 'bil) 31 Dec-21 Q-0-Q Y-o-Y 42.5% 42.3% Consumer Banking 175.5 1.7% (0.7%) 41.6% 41.5% Commercial Banking 77.6 1.9% 10.5% 41.3% Wholesale Banking 187.3 (2.5%) 14.3% Total Deposits 440.4 (0.1%) 7.2% Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Total CASA 187.0 2.1% 10.3% Deposit Growth by Country (Y-o-Y) CASA Ratio by Country Others Singapore 10% 1% Dec-21 Dec-20 Dec-19 Dec-18 Thailand +7.0% Λ -6.1% 33.8% 33.4% 29.6% 28.5% 5% Indonesia 16% 31 Dec-21 RM 440.4 bil Malaysia 68% Notes: Excluding FX fluctuations Σ ^ In local currency Including Cambodia, Vietnam and Philippines Λ +16.3% Λ 61.3% 59.6% 55.2% 52.6% +0.4% 53.9% 48.1% 31.8% 29.6% +6.9% 62.5% 61.2% 37.2% 32.4% Others +11.1% 14#15Capital and Liquidity Management 18.3% Total Capital 17.1% 16.8% 17.6% 16.4% 2.9% 3.0% 3.2% 2.9% 2.8% 0.9% Tier 2 1.3% 1.4% 1.5% 1.1% ■Tier 1 ■CET1 14.5% 12.2% 12.5% 12.9% 13.3% Λ ΛΛ Dec-17 Dec-18 Dec-19 Dec-20 Liquidity Coverage Ratio CIMB Bank Global 141% 147% 149% 137% 147% 152% CIMB Islamic 246% 239% 273% CIMB Niaga 150% 154% 150% CIMB Thai Σ Dec-20 Sep-21 Dec-21 Dec-21 > Record high CET1 of 14.5% as at end Dec-21, compared to 13.9% in Sep-21 and 13.3% in Dec-20. CET1 ratio above FY21 target of >12.5% > Proposed second interim dividend of 12.55 sen/share. FY21 dividend payout of 50% based on FY21 net profit > LCR remains comfortably above 100% for all banking entities Notes: Post CIMBGH's FY17 Second Interim Dividend of RM1,107 mil & actual corresponding DRS (81.1% take-up rate); and reinvestment of cash dividend surplus into CIMB Bank # Post CIMBGH's FY18 Second Interim Dividend of RM1,148 mil & actual corresponding DRS (70.3% take-up rate); and reinvestment of cash dividend surplus into CIMB Bank ^^ Post CIMBGH's FY19 Second Interim Dividend of RM1,191 mil (no DRS) 2 Post CIMBGH's FY20 Interim Dividend of RM477 mil & actual corresponding DRS (76.8% take-up rate); and reinvestment of cash dividend surplus into CIMB Bank 15 * Post CIMBGH's FY21 First Interim Dividend of RM1,045mil, with actual corresponding DRS of RM889mil (based on take up rate of 85.0%); and Proposed FY21 Second Interim Dividend assumed with DRS.#16Consumer Banking FY21 (RM 'mil) 4Q21 Q-o-Q Y-o-Y BAU* Personal Financing 3% Credit Cards Others 3% Net interest income 1,536 5.6% 6,072 7.5% 4% Non interest income 500 17.1% 1,944 13.8% Auto 12% Operating income 2,036 8.2% 8,016 8.9% Overhead expenses (1,163) 9.0% (4,432) 3.2% Gross Loans RM199.5 bil 5.1% Term Mortgages 60% Loans PPOP 873 7.2% 3,584 17.0% 18% (Provisions) / Writeback (614) 94.9% (1,666) (33.1%) Share of JV / Associates 1 11 (210.0%) PBT 260 (47.8%) 1,929 243.9% Current Account 12% > Strong PPOP growth of 17.0% YoY on improved NIM and loan growth, as well as robust fee income growth Savings ☑ >>> Provisions were also lower YoY in line with lower overlays driving 2021 PBT growth of 243.9% YoY >>> Fixed and Structured Deposits RM175.5bil 70.7% Account 36% Deposits Σ >>> QoQ PBT weaker from increased provisions, despite robust revenue from improved NIM and banca income Consumer loans grew healthily at +5.1% YoY mainly driven by Malaysia +4.4%, Indonesia +9.2% and Singapore +31.5%. Deposits fell 0.7% YoY while CASA grew +4.5% YoY Note: * Excludes 3Q21 exceptional items of RM397 mil 52% 16#17Commercial Banking FY21 (RM 'mil) 4Q21 Q-o-Q Y-o-Y BAU* Others Singapore 4% Net interest income 739 0.8% 2,907 6.3% 6% Non interest income 168 24.4% 595 10.4% Thailand 3% Operating income 907 4.5% 3,502 6.9% Indonesia Overhead expenses (458) 8.8% (1,758) 0.1% Gross Loans RM61.9 bil 1.1% 26% Malaysia 61% PPOP 449 0.4% 1,744 14.8% (Provisions) / Write back (107) (66.1%) (672) (59.2%) Share of JV / Associates 0 0 PBT 342 161.1% 1,072 924.6% Σ NOII +10.4% YoY from higher fees and commissions, offsetting 3Q21 weakness. NII +6.3% YoY mainly driven by stronger traction in the CASA franchise Fixed and Structured Σ Provisions declined YoY from the absence of large Singapore provisions in FY20, while provisions was lower QoQ due to 4Q21 writebacks in Singapore and Indonesia, and SME Malaysia overlays in 3Q21 Σ Σ Σ Overall, good FY21 PBT performance YoY attributed to the strong PPOP and lower ECL. QoQ +161.1% driven by improved NOII and lower provisions Commercial loans +1.1% YoY underpinned by Malaysia +4.3% and Singapore +8.3%. Indonesia remains under recalibration, while Thailand is exiting the segment. Deposit growth of 10.5% underpinned by CASA +14.1% Note: *Excludes 3Q21 exceptional items of RM260 mil Deposits 35% Deposits RM77.6 bil 10.5% Current Account 62% Savings Account 3% 17#18Wholesale Banking FY21 Others (RM 'mil) 4Q21 Q-o-Q Y-o-Y BAU* 1% Net interest income 955 (0.6%) 3,740 9.0% Singapore 17% Non interest income 288 (7.1%) 1,481 0.8% Thailand Operating income 1,243 (2.2%) 5,221 6.6% 8% Overhead expenses (539) 10.2% (2,017) 5.8% Gross Loans RM 116.6 bil 1.6% Malaysia 55% PPOP 704 (10.0%) 3,204 7.1% Indonesia 19% (Provisions) / Write back. (403) (906.0%) (813) (68.1%) Share of JV / Associates 20 (13.0%) 84 29.2% PBT 321 (62.5%) 2,475 383.4% Corporate Banking (10) (102.0%) 931 388.2% Treasury & Markets~ 305 (15.5%) 1,431 126.1% Fixed and Structured Deposits 73% Current Account 24% Investment Banking+ 26 550.0% 113 (44.1%) PBT 321 (62.5%) 2,475 383.4% Deposits RM 187.3 bil 14.3% Savings Account 3% Σ FY21 performance underpinned by improved Treasury & Markets and lower provisions. PBT -62.5% QoQ due to weaker PPOP and higher provisions in Malaysia and Indonesia Σ Gross loans were 1.6% higher YoY. Deposits grew strongly at 14.3% YoY * Notes: Excludes 3Q21 exceptional items of RM463 mil ~ Including treasury operations, markets and transaction banking 18 + Including advisory, equities, capital markets, private banking and research#19CIMB Digital Assets & Group Funding 4Q21 FY21 Touch 'n Go Digital (RM 'mil) Q-0-Q Y-o-Y BAU* BAU* Total Registered Users (mil) Annual Transacting Users (mil) Net interest income 313 2.0% 1,239 75.0% +10.5% Y-o-Y -28.6% Y-o-Y Non interest income 107 67.2% 395 (47.1%) 16.8 Operating income 420 13.2% 1,634 12.3% 10.5 7.5 Overhead expenses (216) 18.0% (732) (10.4%) 15.2 PPOP 204 8.5% 902 41.4% (Provisions) / Writeback (25) 25.0% (7) (93.8%) Dec-20 Dec-21 Dec-20 Dec-21 Share of JV / Associates (19) 35.7% (26) (141.9%) PBT 160 3.8% 869 48.1% CIMB Philippines No. of Customers (mil) Deposits Balance (RM'mil) >>> YoY PBT improvement driven by higher NII due to the absence of negative impact of rate cuts. PBT +3.8% QoQ mainly due to MTM gain on unquoted securities Σ +64.5% Y-o-Y +75.3% Y-o-Y TNGD momentum remains strong with 7.5 mil ATU and 557k total merchants as at Dec-21. GO+ investors reached 2.0 mil with total AUM of RM492 mil as at Dec-21 5.1 1,292 3.1 737 > Digital businesses continue to grow strongly with CIMB Philippines hitting 5.1 mil customers as at Dec-21 with a deposit book of RM1.29 bil Dec-20 Dec-21 Dec-20 Dec-21 Notes: *Excludes: 1Q21: Gain on deconsolidation of Touch 'n Go Digital of RM1, 156mil and exceptional items of RM46 mil 2Q21: Exceptional items of RM258 mil 3Q21: Exceptional items of RM186 mil 4Q21: Exceptional items of RM102 mil 19#20CIMB Islamic 4Q21 FY21 Islamic Financing (RM 'mil) Q-0-Q Y-o-Y BAU* BAU* (RM 'bil) Net financing income 782 12.4% 2,943 27.7% +4.2% Q-o-Q +6.8% Y-o-Y Non financing income 105 (10.3%) 458 4.9% 105.4 Operating income 887 9.1% 3,401 24.1% 101.2 Overhead expenses (241) (26.8%) (1,149) 17.8% 98.7 PPOP 646 33.4% 2,252 27.6% (Provisions) / Writeback 1 (100.7%) (332) (61.3%) Dec-20 Sep-21 Dec-21 Share of JV / Associates 0 (100.0%) 1 (50.0%) PBT 647 89.6% 1,921 110.7% Islamic Deposits (RM 'bil) Σ Net Financing income (NFI) expanded 27.7% YoY on the back of higher NIM driven by lower funding cost, while NOFI rose YoY due to improved fee income +3.2% Q-o-Q +10.6% Y-o-Y > Overall, FY21 PBT remains strong YoY driven by robust topline and lower. provisions. 4Q21 PBT +89.6% QoQ on higher PPOP and write backs > Financing and deposits grew by 6.8% and 10.6% YoY, respectively 123.7 119.9 111.8 Σ CIMB Islamic remains #2 in Malaysia by total Islamic assets, deposits and financing Dec-20 Sep-21 - Note: Including investment accounts * Excludes: 2Q21: RM15 mil 3Q21:RM7mil; and 4Q21:RM7 Dec-21 20#2102 Strategic Plan Forward 23+ Updates#22FORMARB23* Vision To be the leading focused ASEAN bank Strategic Themes Σ a) Reshape b) Drive cost efficiency c) Digitise for value d) Focused investments • Facilitate intra-ASEAN 1 Delivering Sustainable Financial Returns portfolio Accelerate profitable growth • Fix & turnaround underperforming businesses 2 Disciplined Execution • Performance culture Simplify corporate, oversight & management structure Regional operating model. 5 Purpose-driven organisation • Reset cost base • • Tighten expense management Increase productivity • Strengthen technology Digitise & automate front & back office ③ Customer Centricity wholesale • Preferred & wealth • CASA, fee income and transaction banking • Islamic Finance • Focus on data & analytics • • Strengthen reliability Transform Customer journeys • • Treat customers Fairly Selective CIMB digital investments 4 Transform Fundamentals a) Culture & Values b) Human capital • Risk management • Capital optimisation Finance & Compliance c) Sustainability 22#23To be the loading focused ASEAN bak Strategic Themes Asset Composition and Growth Increased allocation in Group Funding as we continue to increase bonds and rebuild our loan book Commercial Purp В Наше сери CDA and Group Funding Year Consumer Wholesale Dec-19 33% 11% 43% Dec-21 32% 10% 43% Loan Growth (YoY) Initiatives/Comments Dec-21 Sep-21 Dec-20 Dec-19 12% 15% Invest Consumer +5% +4% +3% +9% Malaysia +4% +3% +3% +7% Malaysia Commercial +4% +2% +7% +12% Indonesia Consumer +9% +6% +2% +10% Consumer loan growth strong across MIS partially offset by Thailand > Malaysia loan growth driven by Consumer > Malaysia Commercial driven by Business Banking whilst SME remains work-in-progress Indonesia SME +6% +4% -5% +2% > Indonesia Consumer loan growth momentum remains strong Indonesia SME loan growth picking up. Fix Indonesia Commercial (ex-SME) Singapore Commercial (ex-SME) -29% -10% -13% -23% -38% +3% -7% -41% > Indonesia Commercial showing improved RAROC and LLC > Exited Singapore commodity financing, management and settlement of wound down accounts and NPL Exit Thailand Commercial -34% -32% -19% -20% Σ > Thailand Commercial - Continued portfolio run down 23 Note: Malaysia includes London, Hong Kong and Shanghai Focused teet#24Structured Cost Take-out RM 'mil 1 (611) Evolution Analysis 2 Identified RM 410 mil of annualised cost take-out out of the RM 300-500 mil target 9,386 8,775 Total Cost Increase in cost Decrease in cost ☐ Details TBD (30) 8,938 (45) (200) (80) (55) Annualised Impact (RM410m il) 2021 impact of RM 195 mil FY2019A (BAU) Cost Savings FY2020A ΤΗ SG TNGD Optimisation Optimisation Deconsolid- ation Savings from IA Write-off & Accelerated Amortisation ID Cost Optimisation BAU Spend FY2021A BAU Spend FY2022 $ 1 Realised RM611 mil (6.5%) savings in FY2020 against FY2019 (BAU) Initiatives Update · • 1Q21 Completed deconsolidation of TNGD Performed on-going stringent cost control framework & enhanced CAPEX prioritisation framework • 2 Identified RM 410 mil cost take-out in FY2021. Realised RM195 mil in 2021. Continued identification of structural cost initiatives to maximise stakeholder value in 2022 2Q21 Commenced Thai Commercial exit Commenced Singapore rightsizing Completed IA write-off and accelerated amortisation exercise • 3Q21 Performed on-going Indonesia Cost Optimisation (Transformational and BAU initiatives) Completed Malaysia real estate optimisation review and kick-started the exercise 4Q21 • Completed review of optimal organisation structure for Malaysia, Indonesia, Thailand and Cambodia Σ Notes: Opex reclassification conducted in 3Q21 that lowered FY2019 and FY2020 opex • Completed impairment of Thai Goodwill amounting to RM1.2 bil 24 To be the leading focused ASEAN Strategic Themes si Plotis fra Facad C& В) Наш сарам Sub#25Digital Reliability/Customer Centricity Metrics tracking well with continued focus on improving digital and operational resiliency Clicks & Bizchannel Technology & Operational Investments Vision To be the leading focused ASEAN bark Strategic Themes Digital % Availability Technology Capex (RM'mil) Country FY20 FY21 FY21 Target FY20 FY21 YOY 1,200 Digital Transactions ('mil)(3) 428 607 42% CIMB Clicks 763 805 % Digital Clicks 98.26% 99.25% 98.75% 59% 71% 12% Transactions Octo Clicks and Mobile Clicks 99.02% 99.72% 98.75% 98.84% 99.51% 98.84% FY20 FY21 YOY Thai Digital App 97.49% 98.75% 97.80% FY20 FY21 FY22 Planned Bizchannel Bizchannel 99.76% 99.99% 99.75% Bizchannel 99.31% 99.93% 98.25% Bizchannel 99.97% 100.00% 99.75% Bizchannel 99.99% 99.87% 99.75% Σ Sustained tech and operational investments to focus on infrastructure reliability, and service platforms (new) Clicks & Bizchannel) FY22 planned expenditure of RM 1.2 bil to further digitise and improve technology and operational resiliency. Notes: (1) Infrastructure Resiliency includes spending on IT Security/ Cybersecurity, IT Sustainability, and Technology Refresh; (2) Compliance - Audit and Risk includes spending on Audit and Risk; (3) Digital Transactions refers to Clicks transactions only; Digital Transactions ('mil)(3) 74 133 80% % Digital 29% 46% 18% Transactions 25#26Σ To be the loading focus ASEAN bak Strategic Themes Performance Management & Purpose Driven Organisation Delivered • • • Values & Culture Completed review of current operating model and simplifying P&L accountability Completed new KPI and bonus framework Executed Long Term Incentive Plan (LTIP) with option price being fixed Developed a new Regional Operating Model Human Capital DD Organisational Health survey completed with FY20 score of 75th percentile Project Canvas - flatter, faster and less bureaucratic organization Revitalising our Career and Succession Planning framework Launched the Mental Health Series Hybrid Working Arrangements introduced as a will be a permanent policy and way of life in CIMB Kick-started efforts to improve employee experience across CIMB Sustainability Strengthened Green, Social, Sustainable Impact Products and Services (GSSIPS) commitment from RM10 billion to RM30 billion by FY24 Launched the Komuniti Kita COVID 19 Relief initiative to provide aid totaling RM10 million Hosted The Cooler Earth Sustainability Summit and Investor Day Established Group Sustainability & Governance Committee (GSGC) 1 st ASEAN bank to become a member of the Net-Zero Banking Alliance (NZBA) Latest Developed culture programme change management plan to effectively roll-out EPICC, our new values regionally starting from 1Q22. (Enabling Talent, Passion, Integrity & Accountability, Collaboration, Customer Centricity) Completed career path designs and revamped succession plans with aim to make CIMB the best organisation for the best talent with the right values to thrive Achieved RM21 billion in GSSIPS for FY21 Achieved 79th percentile on 2021 S&P Corporate Sustainability Assessment (for DJSI inclusion), exceeding 2024 target of 75th percentile Entered into world's first ringgit-denominated sustainability-linked derivative transaction 26 Ferents#2703 Final Remarks#28Σ Final Remarks > Cautiously optimistic for 2022 with gradual economic recovery anticipated across all our key operating markets Σ > >>> >>> Σ > Expect an improved 2022 financial performance driven by topline growth, sustained NIM, positive asset growth momentum and NOII. Expect costs to rise from technology and operational investments, but should remain contained Loan loss charge will likely improve, albeit elevated given continued macro uncertainty and a conservative view on non-retail legacy accounts and pandemic impacted sectors The Group will continue to execute Forward 23+ strategies while focusing on credit risk and Risk- Adjusted Return On Capital (RAROC) optimisation Consequently, we expect continued improvement in core ROE. However, reported ROE will be impacted by Cukai Makmur. Σ FY21 FY22 BAU Targets FY24 Forward23+ Ambition ROE 7.5% 7.5-8.0% (Reported) Top quartile (11.5-12.5%) M ROE 8.1% 8.5-9.0%^ Dividend 50% 40-60% 40-60% Payout Ratio [$] Total Loan Growth 3.3% 5-6% In line with market Cost to $ EA 48.6% <49.0% ≤45% income % Loan Loss 73bps 60-70bps 50-60bps Charge CET 1 14.5% >13.0% >13.5% (CIMB Group) Λ Notes: Excluding cukai makmur 28#2904 Appendices#30Exceptional Items (RM 'mil) PBT BAU 4Q21 3Q21 2Q21 1Q21 FY21 1,083 1,639 1,835 1,788 6,345 Gain on deconsolidation Touch 'n Go Digital 1,156 1,156 Gain Loss on dilution of interest on disposal of associates (17) 2 (15) Transformational / Restructuring cost (7) (10) (17) (46) (80) Intangible assets write off and accelerated amortisation (78) (83)^ (241)* (402) Impairment of goodwill (1,215) (1,215) Total Exceptional Items Before Tax (102) (1,306) (258) 1,110 (556) PBT (Reported) Net Profit BAU El net of Tax and MI 981 333 1,577 2,898 5,789 811 1,221 1,280 1,336 4,648 (74) (1,322) (196) 1,121 (471) DTA on Cukai Makmur 118 118 Total Exceptional Items After Tax 44 (1,322) (196) 1,121 (353) Net Profit (Reported) 855 (101) 1,084 2,457 4,295 Note: * RM230 mil recognised in operating expenses and RM11 mil in other provisions; ^ RM94 mil recognised in operating expenses and gain of RM11 mil in other provisions 30 30#31Σ Earnings Summary 4Q21 3Q21 FY21 (RM 'mil) Q-0-Q FY20 Y-o-Y BAU^ BAU^ BAU^ Net interest income 3,542 3,457 2.5% 13,958 12,523 11.5% Non interest income 1,062 936 13.5% 4,414 4,464 (1.1%) Operating income 4,604 4,393 4.8% 18,372 16,987 8.2% Overhead expenses (2,375) (2,162) 9.8% (8,938) (8,775) 1.8% PPOP 2,229 2,231 (0.1%) 9,434 8,212 14.9% Loan impairment (717) (529) 35.5% (2,614) (5,342) (51.1%) Other provisions (431) (72) 500.3% (543) (1,456) (62.7%) Share of JV / Associates 1 9 (87.4%) 68 116 (41.6%) PBT 1,083 1,639 (33.9%) 6,345 1,530 314.7% PBT (Reported) 981 333 194.6% 5,789 1,530 278.4% Net profit 811 1,221 (33.6%) 4,648 1,194 289.3% Net profit (Reported) 855 (101) 948.6% 4,295 1,194 259.6% EPS (sen) 8.0 12.2 (34.4%) 46.4 12.0 286.7% ROE (Annualised) 5.5% 8.4% -290bps 8.1% 2.1% 600bps ROE (Annualised) (Reported) 5.6% 6.1% -50bps 7.5% 2.1% 540bps Notes: Excludes (net of tax): 1Q21: Gain on deconsolidation of Touch 'n Go Digital of RM1,156 mil and exceptional items of RM35 mil 2Q21: Exceptional items of RM196 mil 3Q21: Exceptional items of RM1,322 mil 31 4Q21: Exceptional items of RM74 mil and DTA on cukai makmur of RM118 mil#32NOIl breakdown 4Q21 3Q21 FY21 (RM 'mil) Q-0-Q FY20 Y-o-Y BAU^ BAU^ BAU^ Fee & commission 639 525 21.7% 2,356 1,992 18.3% Brokerage 1 0 n.a. 2 3 (33.3%) Asset management and security services. 7 9 (22.2%) 33 24 37.5% Trading & FX 333 364 (8.5%) 1,783 2,087 (14.6%) Dividend income 10 15 (33.3%) 60 70 (14.3%) Other income Total 72 23 213.0% 180 288 (37.5%) 1,062 936 13.5% 4,414 4,464 (1.1%) Σ Λ Note: Excludes gain on deconsolidation of Touch 'n Go Digital of RM1,156mil in 1Q21, exceptional item gain of RM2mil in 3Q21 and exceptional item of RM17 in 4Q21 32 32#33Key Ratios (%) ROE ~ 4Q21 3Q21 FY21 Q-0-Q FY20 Y-o-Y BAU^ BAU^ BAU^ 5.5 8.4 8.1 2.1 NIM * ~ 2.41 2.40 2.45 2.27 Non-interest income / total income 23.1 21.3 24.0 26.3 Cost to income 51.6 49.2 48.6 51.7 Allowance coverage (including regulatory reserve) 101.2 105.3 101.2 93.4 Allowance coverage (excluding regulatory reserve) 100.2 105.1 100.2 91.6 Loan loss charge ~ 0.84 0.62 0.73 1.51 Gross impaired loans ratio 3.5 3.4 3.5 3.6 Net impaired loans ratio (Net of IA and PA) (0.0) (0.2) (0.0) 0.3 ROA~ 0.50 0.79 0.78 0.20 Book value per share (RM) 5.77 5.95 5.80 5.64 Loan to Deposit (LDR) 85.8 84.5 85.8 89.0 CASA ratio 42.5 41.5 42.5 41.3 Notes: Annualised * Daily Average >> ^ Excludes (net of tax): 1Q21: Gain on deconsolidation of Touch 'n Go Digital of RM1, 156 mil and exceptional items of RM35 mil 2Q21: Exceptional items of RM196 mil 3Q21: Exceptional items of RM1,322 mil 4Q21: Exceptional items of RM74 mil and DTA on cukai makmur of RM118 mil 33#34Σ Asset Quality: Oil & Gas Loan Exposure: 2.3% of total Group gross loans Singapore 18% Indonesia 2% Thailand 6% 0 Malaysia 74% Borrowers Status: Impaired 46% Watch List (M & H) 2% >> >>> As at Dec-21, the O&G impairment ratio stood at 46.0% (Sep-21: 32.6%) The impairment coverage ratio was 84.0% as at Dec-21 (106.4% in Sep-21) Normal 52% Segmental Exposure: Oil Traders 11% Downstream 37% Upstream 8% O Midstream 44% Oil traders represent 11% of the Group's total O&G loan book (cf. 10% as at Sep-21). >>> > Σ O&G bonds comprised 1.8% (RM2.30 bil) of total Group. bonds holdings as at Dec-21 (Sep-21: 1.9%; RM2.53 bil). 34#35>> PBT by Segments 4Q21 3Q21 FY21 PBT (RM 'mil) Q-o-Q FY20 Y-o-Y BAU^ BAU^ BAU^ Consumer Banking (30.4%) 260 499 (47.8%) 1,929 561 243.9% Commercial Banking (16.9%) 342 131 161.1% 1,072 (130) 924.6% Wholesale Banking (39.0%) 321 855 (62.5%) 2,475 512 383.4% Corporate Banking (14.7%) (10) 490 (102.0%) 931 (323) 388.2% Treasury & Markets ~ (22.5%) 305 361 (15.5%) 1,431 633 126.1% Investment Banking + (1.8%) 26 4 550.0% 113 202 (44.1%) CIMB Digital Assets & Group Funding# (13.7%) PBT 160 154 3.8% 869 587 48.1% 1,083 1,639 (33.9%) 6,345 1,530 314.7% Notes: Excludes: 1Q21: Gain on deconsolidation of Touch 'n Go Digital of RM1, 156mil and exceptional items of RM46 mil 2Q21: Exceptional items of RM258 mil 3Q21: Exceptional items of RM1,306 mil 4Q21: Exceptional items of RM102 mil Including treasury operations, markets and transaction banking + Including advisory, equities, capital markets, private banking and research 35 # Including asset management, strategic investments, capital investments in fixed income securities and investment in Group's proprietary capital#36PBT by Segment and Country Consumer Banking 4Q21 3Q21 Q-0-Q FY21 FY20 Y-o-Y Malaysia (RM 'mil) 117 341 (65.7%) 1,411 1,793 (21.3%) Indonesia (IDR 'bil) (2) 274 (100.7%) 544 2,869 (81.0%) Thailand (THB 'mil) 11 371 (97.0%) 972 (1,616) 160.1% Singapore (SGD 'mil) 0 7 (100.0%) 24 (342) 107.0% * Others (RM 'mil) 11 8 37.5% 29 1,531 (98.1%) PBT BAU (RM 'mil) 260 499 (47.8%) 1,929 561 243.9% Commercial Banking 4Q21 3Q21 Q-o-Q FY21 FY20 Y-o-Y Malaysia (RM 'mil) 273 122 123.8% 869 860 1.0% Indonesia (IDR 'bil) 91 55 65.5% 340 (761) 144.7% Thailand (THB 'mil) (204) (238) 14.3% (1,152) (506) (127.7%) Singapore (SGD 'mil) 17 2 750.0% 57 (249) 122.9% * Others (RM 'mil) 14 19 (26.3%) 78 58 34.5% Λ PBT BAU (RM 'mil) 342 131 160.1% 1,072 (130) 924.6% Wholesale Banking 4Q21 3Q21 Q-0-Q FY21 FY20 Y-o-Y Malaysia (RM 'mil) 64 472 (86.4%) 1,164 138 743.5% Indonesia (IDR 'bil) 721 601 20.0% 2,691 (21) >1,000% Thailand (THB 'mil) (439) 382 (214.9%) 733 (1,958) 137.4% Singapore (SGD 'mil) 22 50 (56.0%) 123 41 200.0% * Others (RM 'mil) 36 6 500.0% 57 1,531 (96.3%) PBT BAU* (RM 'mil) 321 855 (62.5%) 2,475 512 383.4% Note: FY21 excludes exceptional items of RM397 mil; ^RM260 mil; + RM463 mil 36 * Including Cambodia, Vietnam and Philippines#37Consumer Banking Key Highlights Malaysia Y-o-Y Q-o-Q Indonesia Y-o-Y Q-0-Q Consumer Gross Loans 4.4% 2.5% Consumer Gross Loans 9.2% 4.0% Mortgages 7.2% 2.3% Mortgages 9.1% 2.0% Term loans 0.9% 2.1% Auto 28.8% 14.3% Auto 0.6% 1.8% Credit cards (3.4%) 4.2% Credit cards 2.0% 11.1% Consumer Deposits 0.9% 3.4% Consumer Deposits 4.5% 1.8% CASA 7.3% 1.1% CASA 11.7% 1.1% Fixed & structured deposits (9.4%) 7.8% Fixed & structured deposits 0.2% 2.2% Thailand Y-o-Y Q-0-Q Singapore Y-o-Y Q-0-Q Consumer Gross Loans (4.1%) 1.4% Consumer Gross Loans 31.5% 5.3% Mortgages 2.0% 2.2% Mortgages 22.4% 3.2% Auto Loans (14.1%) 0.8% Term loans 20.4% (2.2%) Consumer Deposits (12.1%) (1.4%) Credit cards (7.3%) 0.4% CASA 10.5% 1.2% Consumer Deposits (18.4%) 1.4% Fixed & structured deposits (27.1%) (4.0%) CASA (19.9%) (3.5%) Fixed & structured deposits (15.0%) 14.5% Σ 37#38CIMB Niaga Earnings Summary CIMB NIAGA (IDR 'bil) 4Q21 3Q21 Q-o-Q FY21 FY20 Y-o-Y Net interest income 3,201 3,350 (4.5%) 13,089 12,471 5.0% Non interest income 1,042 948 9.9% 4,479 3,888 15.2% Operating income 4,242 4,298 (1.3%) 17,568 16,359 7.4% Overhead expenses* (2,029) (2,001) 1.4% (8,060) (8,007) 0.7% PPOP* 2,213 2,297 (3.6%) (9,507) 8,351 13.8% Provisions (1,067) (948) 12.5% (4,170) (5,404) (22.8%) PBT* 1,147 1,349 (15.0%) 5,338 2,947 81.1% Net Profit * 992 1,059 (6.3%) 4,215 2,012 109.4% PBT (Reported) 1,093 1,297 (15.7%) 5,191 2,947 76.1% Net Profit (Reported) 950 1,018 (6.7%) 4,100 2,012 103.8% EPS (Reported) 38.10 40.84 (6.7%) 164.48 80.72 103.8% PBT (RM 'mil) 338 396 (14.6%) 1,548 853 81.5% Net profit (RM 'mil) 295 314 (6.1%) 1,231 582 111.5% ROE (Annualised) 9.7% 10.6% (90bps) 10.7% 5.3% 540bps Notes: As per CIMB Niaga 4Q21 Analyst Presentation * Exclude exceptional items 38 38#39Σ CIMB Niaga : Key Ratios CIMB NIAGA (Consolidated, %) ROE ^* 4Q21 3Q21 Q-o-Q FY21 FY20 Y-o-Y 9.7 10.6 10.7 5.3 NIM ^ 4.47 4.84 4.86 4.88 Cost to Income* 47.8 46.6 45.9 48.9 Loan Loss Coverage 212.1 217.2 212.1 194.3 Allowance Coverage 108.6 103.8 108.6 114.6 Loan Loss Charge ^ 2.1 2.1 2.4 2.8 Gross Impaired Loans Ratio 6.7 6.9 6.7 6.0 Gross NPL (BI Definition) # 3.5 3.4 3.5 3.6 ROA ^* 1.3 1.5 1.5 0.7 Loan to Deposit (LDR) 74.4 76.7 74.4 82.9 CAR 22.7 22.6 22.7 21.9 CASA ratio 61.3 61.7 61.3 59.6 Notes: As per CIMB Niaga 4Q21 Analyst Presentation # Based on Bl definition ^ Annualised and monthly average * Exclude exceptional items 39#40CIMB Thai: Earnings Summary CIMB THAI ชีไอเอ็มบี ไทย Before GAAP Adjustments 4Q21 3Q21 Q-o-Q FY21 FY20 Y-o-Y (THB 'mil) Net interest income 2,385 2,484 (4.0%) 9,951 10,939 (9.0%) Non interest income 1,079 1,115 (3.2%) 4,396 3,988 10.2% Operating income 3,464 3,600 (3.8%) 14,347 14,927 (3.9%) Overhead expenses (2,110) (1,933) 9.2% (8,176) (8,899) (8.1%) PPOP 1,354 1,667 (18.8%) 6,171 6,028 2.4% Provisions (598) (765) (21.8%) (3,319) (4,468) (25.7%) PBT 756 902 (16.2%) 2,852 1,560 82.8% Net Profit 732 753 (2.8%) 2,441 1,291 89.1% EPS (THB) 0.02 0.02 0.07 0.04 75.0% Net Profit (RM 'mil) ~ 95 99 (3.9%) 316 173 82.7% PBT (RM 'mil) * 89 98 (9.8%) 309 140 120.7% Net profit (RM 'mil) * 88 83 5.5% 267 118 126.3% ROE (Annualised) 6.8% 7.1% (30bps) 5.7% 3.1% 260bps Notes: * Local GAAP After GAAP and MFRS 139 adjustments 40#41CIMB Thai: Key Ratios (Consolidated, %) CIMB THAI ชีไอเอ็มบี ไทย 4Q21 3Q21 Q-o-Q FY21 FY20 Y-o-Y ROE ^ Λ 6.8 7.1 5.7 3.1 NIM ^ 2.9 3.0 3.0 3.2 Cost to Income 60.9 53.7 57.0 59.6 Loan Loss Coverage ** 117.5 105.9 117.5 93.3 Loan Loss Charge ^ 1.1 1.4 1.5 1.8 Gross NPL ratio ** 3.7 4.4 3.7 4.6 ROA 0.7 0.7 0.6 0.3 Loan to Deposit 101.8 95.5 101.8 104.0 Modified LDR *** 90.9 86.3 90.9 90.3 * CAR 21.8 20.3 21.8 20.7 CASA ratio # 53.9 51.9 53.9 48.2 Σ Notes: Bank Only *** Excluding STAMC (Loan MM) / (Deposit + MM + BE + S/T debenture + structured debenture) ^ Annualised # Fixed deposit receipt call reclassified as savings from fixed deposits 41#42IB Market Share and Ranking (1) FY21 FY20 Market Market Rank Rank Share Share DCM Domestic 23.4% 2 29.1% 1 DCM FY21 FY20 Market Market Rank Rank Share Share 6.1% 9 7.5% 6 Sukuk 21.8% 2 24.4% 2 M&A M&A Syndication ^ 4.2% 6 3.5% 5 Syndication ^ 13.0% 2 2.0% 15 IPO 0.7% 18 0.9% 20 IPO 1.5% 12 20.6% 1 ECM 0.4% 19 0.7% 23 ECM 20.7% 1 15.3% 3 FY21 FY20 Market Market Rank Rank Share Share DCM M&A Syndication ^ Λ IPO 2.7% 9 ECM 1.8% 13 11.2% 3 12.1% 3 DCM FY21 FY20 Market Market Rank Rank Share Share 2.7% 6 1.1% 8 I M&A I Syndication ^ 0.9% 22 0.4% 40 I IPO 8.1% 7 ECM 0.7% 19 1.3% 13 Sources: Dealogic, Bloomberg, Local Stock Exchanges and internal data Note: Mandated lead arranger 42#43IB Market Share and Ranking (2) M&A Syndication ^ Λ IPO ECM FY21 FY20 FY21 FY20 Market Share Market ASEAN Market Market Rank Rank Rank Rank Share Share Share DCM 11.7% 1 13.8% 1 M&A 0.1% 62 Syndication ^ 2.3% 13 1.1% 19 0.1% 80 IPO 1.4% 23 2.8% 11 ECM 3.2% 12 3.1% 11 FY21 FY20 FY21 FY20 Asia Global Market Rank Share Market Share Market Market Rank (ex-Japan) * Rank Rank Share Share Sukuk 8.0% 2 7.1% 5 DCM 0.5% 45 0.5% 51 M&A Syndication ^ Λ 0.4% 48 0.2% 80 IPO 0.2% 61 0.5% 44 ECM 0.4% 39 0.4% 40 Sources: Dealogic, Bloomberg, Local Stock Exchanges and internal data Note: Mandated lead arranger Л * Excluding A-Share 43