#1CIMB Analyst Presentation 2Q23 Results CIMB Group Holdings 30 August 2023 FORWARD Your Ambitions#201 Overview 500 M 200 OSS 2 И 00S 340 2 2E 2 ποάποτε SO#3Key Highlights ↑ Robust topline growth driven by ΝΟΙΙ Strong loan and deposit growth across all segments and countries CIR continues to improve to 46.0% for 1H23 1H23 provisions remain contained with LLC at 38bps $ Strong 1H23 net profit growth with ROE of 10.6%. Dividend payout raise to 55% Σ Operating income grew 6.7% QoQ and 7.4% YoY from strong NOIl growth of 14.4% QoQ and 32.0% YoY driven by markets related and other income Σ Opex remains under control at +2.6% QoQ and +6.2% YoY, with 1H23 CIR improving to 46.0% (-180bps QoQ; -50bps YoY) > NII recovered QoQ underpinned by loan growth and > Σ moderated cost of deposit but remains muted YoY owing to compressed NIM Total provisions declined 2.2% QoQ and 2.9% YoY. 1H23 loan loss charge stood at 38bps >>> > Gross loan +3.3% QoQ and +8.3% YoY with growth across countries and segments > Deposits +4.0% QoQ and +9.5% YoY. CASA +5.7% QoQ leading to improved CASA ratio of 38.5% as regional initiatives starts to bear fruit >>> On a reported basis, PBT grew 11.0% QoQ and 13.6% YoY, while net profit improved 7.8% QoQ and 26.2% YoY. This translated to an ROE of 10.7% in 2Q23 and 10.6% for 1H23 (+40bps QoQ; +150bps YoY) CET1 stood at 14.2% as at end Jun-23. Proposed first interim dividend of RM 17.50 sen /share (RM1,866 mil). Dividend payout increased to 55% from 50% in 1H22 Notes: All numbers are on a BAU basis unless stated otherwise. Excludes (net of tax): 1H22: Exceptional items of RM89 mil and cukai makmur of RM300 mil 3#4Key Business/Operational Highlights Diversification and portfolio reshaping efforts bearing fruit Sound cost control, CIR improved to 46.0% in 1H23 Revenue (RM 'mil) 46.5% +6.7 Q-o-Q +7.4% Y-0-Y 9,621 10,331 4,997 5,334 QoQ YoY Malaysia +4.3% +0.2% Indonesia +8.6% +6.7% Thailand +0.4% +4.1% Singapore +19.9% +45.6% 46.0% CIR (RM 'mil) Operating Income 9,621 +7.4% 10,331 JAW +1.2% Operating expenses* PPOP 4,471 +6.2% 4,748 5,150 5,583 +8.4% Others +12.8% +93.0% 1H22 1H23 1023 2023 1H22 1H23 BAU Solid loan growth across countries and segments Gross Loans (RM 'bil) Provisions on track 427.0 413.2 394.3 QoQ YOY Loan Loss Charge 0.39% 0.41% 0.37% 0.38% CIMB Group 906 207.1 215.9 220.9 64.1 66.7 123.1 130.6 69.2 136.9 +3.3% +8.3% +2.3% ■Consumer +6.7% ■Commercial +3.7% +8.0% 445 435 ¦ Total Provisions ¦ (RM 'mil) 880 -2.9% -2.2% Wholesale +4.8% +11.2% Jun-22 Mar-23 Jun-23 1Q23 2Q23 1H22 1H23 Σ Notes: *1Q22: exceptional items of RM53 mil 4#5PBT By Segment CIMB Digital Assets & Group Funding 17% Wholesale Banking 33% 1H23 Group PBT RM4,718 mil ▲ 10.8% Consumer Banking 30% Commercial Banking 20% > Consumer PBT +3.6% QoQ from higher NII; -5.4% YoY due to lower NOII and higher opex, offset by lower provision. > Commercial PBT performed strongly YoY from robust topline growth but was weaker QoQ with lower NOII and higher overlays in Malaysia > Strong 2Q23 Wholesale PBT from higher T&M and lower provisions, but lower YoY from increased opex and absence of provision write back > CDA & Group Funding PBT +46.1% QoQ and 130.3% YoY from higher investment income and improved Philippines & TnG performance Commercial Consumer Banking Banking Wholesale Banking CIMB Digital Assets & Group Funding PBT 1,415 944 1,569 790 RM (mil) >> Y-o-Y 5.4% 23.4% 5.2% 130.3% Q-o-Q 3.6% 17.8% 23.5% ▲ 46.1% 150#6>> PBT By Country Others Singapore 0.3% 9% Thailand 5% 1H23 Group PBT Indonesia 26% RM4,718 mil ▲ 10.8% Malaysia 60% > Malaysia PBT improved marginally QoQ as strong NOII was largely offset by conservative provisioning; +13.7% YoY from robust investment income and lower provisions > Indonesia performance remains strong with PBT +12.6% QoQ underpinned by higher NOII and lower opex; +21.2% YoY from improved operating income and lower provisions. Thailand PBT improved QoQ from lower ECL but YoY PBT declined due to lower NOII and higher Consumer provisions > Singapore topline performance was robust YoY and QoQ. 1H23 PBT was softer due to lower provision writebacks Malaysia Indonesia Thailand Singapore PBT 2,811 1,246 246 402 RM (mil) Y-o-Y 13.7% 21.2% 26.8% 5.6% Q-o-Q 0.5% 12.6% 10.3% 87.1% 6#7Operating Income (RM 'mil) 2Q23 Q-0-Q 1H23 Y-o-Y Net interest income 3,646 3.5% 7,168 (0.8%) Non interest income 1,688 14.4% 3,163 32.0% Total 5,334 6.7% 10,331 7.4% NII +3.5% QoQ underpinned by loan growth. NII was muted YoY with NIM contraction from elevated cost of deposits and T&M operations ☐ NIM weakened QoQ and YoY driven by T&M. Loan-related NIM recovered in 2Q23 > Strong NOIl growth QoQ and YoY from T&M and FX income, as well as gains on sale of impaired loans in Indonesia and Thailand Net Interest Margin* NOII Breakdown 1H22 1H23 Fee & others Trading & FX 2.47% 2.25% +14.4% Q-o-Q +32.0% Y-o-Y 2.55% 2.57% 3,163 2.47% 1,688 2,397 1,475 2.26% 2.24% +16.0% +6.0% 1,577 847 730 1,488 745 +12.9% 841 +74.5% 1,586 909 2Q22 3Q22 4Q22 1Q23 2Q23 1Q23 2Q23 1H22 1H23 Notes: * Annualised 7#8Operating Expenses (RM 'mil) 2Q23 Q-0-Q 1H23 Y-o-Y Personnel 1,496 7.2% 2,891 5.4% Establishment 213 2.9% 420 9.1% Technology 422 12.5% 797 6.7% Marketing 76 15.2% 142 65.1% Admin & General 198 (34.0%) 498 (2.5%) Total 2,405 2.6% 4,748 6.2% Cost-to-Income Ratio > Opex rose 2.6% QoQ and 6.2% YoY driven by uptick from underlying overall cost. However, this was partially offset by lower A&G expenses from tactical cost optimisation > The positive JAW resulted in a 180bps QoQ CIR improvement to 45.1% in 2Q23 and -50bps to a new low of 46.0% YoY for 1H23 QoQ +2.1% JAW CIR +1.2% -4.7% +1.3% +4.1% FY19* 53.4% FY20 51.7% 47.5% 46.9% 46.0% 45.5% 45.1% FY21^ 48.6% FY22 46.5% 2Q22 3Q22~ 4Q22 1Q23 2Q23 1H23 46.0% Notes: Σ - Excludes FY19 transformational and other cost of RM372mil; reported CIR was 54.8% ^ Excludes: Exceptional items in 1Q21: RM46 mil; 2Q21: RM258 mil; 3Q21: RM93 mil; 4Q21: RM85 mil Excludes: Exceptional items in 1Q22: RM53 mil; 2Q22: RM52 mil; 3Q22: RM9 mil; 4Q22: RM7 mil 8#9Total Provisions (RM 'mil) 2Q23 1Q23 Q-0-Q 1H23 1H22 Y-o-Y Loan Impairment 558 306 82.4% 864 743 16.3% Commitment & (150) 78 (292.3%) (72) 50 (243.5%) Contingencies Debt instruments / 11 13 (21.1%) 24 (135) 117.7% securities Others 16 48 (66.8%) 64 Total 435 445 (2.2%) 880 248 906 (74.2%) (2.9%) Total Provisions Breakdown (RM 'mil) 906 Retail 445 435 880 Non-Retail Recoveries and 295 331 864 626 write-offs 329 362 701 692 (179) (258) (659) (437) >> 1Q23 2Q23 1H22 1H23 > Total provisions remained contained QoQ and YoY Loan provisions +82.4% QoQ from lower release of overlays; YoY +16.3% from lower recoveries and writebacks > Commitments & contingencies lower QoQ and YoY from the release of overlays > Debt Instruments / securities increased YoY due to absence of writebacks from Malaysia > Others improved YoY due to the absence of double credit-related provisions Marginally lower QoQ from higher recoveries > YoY total provisions fell from lower other provisions offset by decreased recoveries. > Better recoveries QoQ from Singapore and lower bad debt write offs in Malaysia; but lower YoY owing to the larger recoveries in Singapore in 1H22 9#10Asset Quality Loan Loss Charge (bps) ~ 70 49 48 37 39 43 45 Gross Impaired Loans Ratio (%) 151 73 51 38 3.6 3.5 3.5 3.5 3.3 3.3 3.3 3.3 3.2 3.1 2.9 Allowance Coverage (%) 99.6 99.9 100.2 93.1 94.2 91.6 91.0 91.6 93.1 91.6 80.7 2Q22 3Q22 4Q22 1Q23 2Q23 FY18 FY19 FY20 FY21 FY22 1H23 ~ Notes: Annualised > LLC was 2bps higher QoQ due to increased loan provisions 1H23 LLC continues to improve and on track to meet FY23 targets GIL rose QoQ driven by Consumer Malaysia Σ YTD improvement largely from Ioan growth > Clear initiatives being put in place to drive this down further Σ Allowance coverage fell QoQ and YTD due to higher impaired loans from Consumer Malaysia 10#11Σ Gross Loans Loans-to-Deposit Ratio (RM 'bil) 30 Jun-23 Q-0-Q Y-o-Y Consumer Banking 220.9 2.3% 6.7% 89.9% 88.7% Commercial Banking 69.2 3.7% 8.0% 88.4% 88.3% 87.8% Wholesale Banking 136.9 4.8% 11.2% Total 427.0 3.3% 8.3% Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Others 6% Singapore 10% Thailand 8% Indonesia 16% Loan Growth by Country (Y-o-Y) ~ +4.7% 30 Jun-23 # RM 427.0 bil Malaysia 60% Λ +8.6% Notes: Excluding FX fluctuations ^ In local currency # Based on geographical location of counterparty *Including Cambodia, Vietnam and Philippines Λ * +10.8% Others +16.3% Λ +5.3% +5.9% 11#12Deposits CASA Ratio (RM 'bil) 30 Jun-23 Q-0-Q Y-o-Y 42.5% Consumer Banking 208.7 3.8% 16.3% 41.3% 39.9% Commercial Banking 88.2 4.3% 12.9% 38.5% 37.9% Wholesale Banking 189.6 4.0% 1.5% Total Deposits 486.5 4.0% 9.5% Dec-20 Dec-21 Dec-22 Mar-23 Jun-23 Total CASA 187.3 5.7% (0.3%) Deposit Growth by Country (Y-o-Y) CASA Ratio by Country^ Others Singapore 1% 13% Jun-23 Mar-23 Dec-22 Dec-21 Dec-20 +6.0% Λ +10.9% Thailand 30.3% 30.6% 34.7% 34.1% 31.5% 6% 30 Jun-23 RM486.5 bil Indonesia 15% Malaysia 65% >> Notes: Excluding FX fluctuations ^ In local currency Including Cambodia, Vietnam and Philippines Λ Λ 64.3% 60.8% 63.4% 63.2% 60.0% +1.6% +20.8% 49.5% 50.5% 57.2% 47.6% 38.6% +7.1% Others +46.2% 43.0% 40.0% 61.6% 64.4% 35.1% 12#13Capital and Liquidity Management Total Capital 17.8% 18.0% 17.8% Tier 2 2.8% 2.9% 0.8% 0.8% 2.8% 0.8% Tier 1 CET1 14.1% 14.3% 14.2% Jun-22 Liquidity Coverage Ratio Mar-23^ Jun-23~ > CET1 was 10bps lower QoQ at 14.2% as at Jun-23 > The slight dip is attributable to the proposed FY23 1st interim dividend and higher credit RWA > CET1 ratio remains above the FY23 and FY24 target of >13.5% Proposed all-cash first interim dividend of 17.50 sen/share. 1H23 dividend payout of 55%, increased from 50% in 1H22 > LCR remains comfortably above 100% for all banking entities. Dividend Payout Ratio CIMB Bank Global 132% 118% 127% 127% 139% 123% 123% 133% 137% 134% CIMB Islamic 55% 264% 256% 264% 266% 226% CIMB Niaga 50% 51% 40% 145% 145% 144% 141% 140% CIMB Thai Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 FY20 FY21* FY22 1H23 Notes: Post CIMBGH's FY22 Second Interim Dividend of RM1,386 mil, with no DRS Σ Post CIMBGH's Proposed FY23 First Interim Dividend of RM1,866 mil, with no DRS Base on BAU net profit 13#14Consumer Banking Personal (RM 'mil) 2Q23 Q-o-Q 1H23 Y-o-Y Financing Others 3% 4% Net interest income 1,683 7.1% 3,254 0.9% Credit Cards 4% Non interest income 499 (6.4%) 1,032 (4.3%) Auto 12% Operating income 2,182 3.7% 4,286 (0.4%) Gross Loans RM 220.9 bil Overhead expenses (1,246) 5.1% (2,432) 9.9% Term Loans 6.7% PPOP 936 2.0% 1,854 (11.3%) 15% Mortgages 62% (Provisions) / Write back. (218) (0.9%) (438) (28.3%) Share of JV / Associates 2 (166.7%) (1) (106.7%) PBT 720 3.6% 1,415 (5.4%) Current Account >>> 2Q23 PBT growth of 3.6% supported by strong NII growth. Despite improved 1H23 provisions, PBT -5.4% YoY due to lower NOII and higher opex. ☑ >> NII rose 7.1% QoQ from 2.3% loan growth and improved NIM, while the 0.9% YoY rise was supported by 6.7% loan growth as NIM contracted. NOII declined from lower investment fees and credit card fees from higher loyalty cost Σ Σ Provisions were lower largely from writeback of overlays in Malaysia >> Consumer loans grew 6.7% YoY driven by all core markets. Deposits +16.3% YoY on the back of higher fixed deposits 9% Savings Account 31% Fixed and Structured Deposits Deposits RM208.7 bil ▲16.3% 60% 14#15Commercial Banking (RM 'mil) 2Q23 Q-o-Q 1H23 Y-o-Y Others Singapore 4% 7% Net interest income 789 1.9% 1,563 6.8% Thailand Non interest income 179 (14.4%) 388 15.8% 2% Indonesia Operating income 968 (1.5%) 1,951 8.5% 25% Overhead expenses (472) 3.1% (930) 8.3% Gross Loans RM69.2 bil 8.0% Malaysia 62% PPOP 496 (5.5%) 1,021 8.7% (Provisions) / Write back. (70) 900.0% (77) (55.7%) Share of JV / Associates 0 0 PBT 426 (17.8%) 944 23.4% Savings Account 2% Σ Σ 1H23 PBT rose 23.4% on all-round improvement, while 2Q23 PBT weakened QoQ from lower NOll and higher provisions ☑ ☑ >>> ☑ Higher NII QoQ and YoY attributed to loan growth. NOII fell QoQ but strengthened YoY from FX income and gains on sale of impaired loans in Indonesia in 1Q23 Provisions were higher QoQ but lower YoY due to increased overlay writebacks in Malaysia in 1Q23 Commercial loans +8.0% YoY underpinned by growth in all core markets excluding exit of the Thai commercial business. Deposit growth remained strong at 12.9% YoY Current Account 61% Deposits RM88.2 bil 12.9% Fixed and Structured Deposits 37% 15#16Wholesale Banking (RM 'mil) 2Q23 Q-o-Q 1H23 Y-o-Y Others 2% Net interest income 665 (9.9%) 1.403 (26.1%) Singapore 19% Non interest income 890 32.4% 1,562 80.0% Operating income 1,555 10.3% 2,965 7.2% Thailand 9% Overhead expenses (581) 4.3% (1,138) 8.5% Gross Loans RM 136.9 bil 11.2% Malaysia 51% PPOP 974 14.2% 1,827 6.3% (Provisions) / Write back (107) (29.1%) (258) 230.8% Indonesia 19% Share of JV / Associates 0 0 (100.0%) PBT 867 23.5% 1,569 (5.2%) Corporate Banking 556 56.6% 911 1.8% Current Account Savings Account 5% Treasury & Markets~ 315 (10.0%) 665 (11.2%) 21% Investment Banking+ (4) (33.3%) (7) (163.6%) PBT 867 23.5% 1,569 (5.2%) Deposits RM 189.6 bil 1.5% Fixed and > Wholesale had a strong 2Q23 led by T&M and other income. Although topline growth was good at 7.2% YoY, 1H23 PBT was softer due to higher provisions from absence of writeback > Strong loan growth at 11.2% YoY from core markets. Deposits +1.5% YoY from Malaysia and Thailand Notes: Including treasury operations, markets and transaction banking + Including advisory, equities, capital markets, private banking and research Structured Deposits 74% 16#17CIMB Digital Assets & Group Funding (RM 'mil) 2Q23 Q-o-Q 1H23 Y-o-Y Touch 'n Go Digital Total Registered Users (mil) Annual Transacting Users (mil) Net interest income 509 15.9% 948 49.1% +15.1% Y-o-Y +16.9% Y-o-Y Non interest income 120 96.7% 181 56.0% Operating income 629 25.8% 1,129 50.1% 20.6 10.4 17.9 8.9 Overhead expenses (106) (25.4%) (248) (29.1%) PPOP 523 46.1% 881 119.2% (Provisions) / Write back. (40) (40.3%) (107) 148.8% Jun-22 Jun-23 Jun-22 Jun-23 Share of JV / Associates (14) (146.7%) 16 (200.0%) PBT 469 46.1% 790 130.3% CIMB Philippines No. of Customers >>> 2Q23 PBT grew 46.1% QoQ from strong Group Funding income. PBT +130.3% YoY from higher investment income and better CDA performance (mil) Deposits Balance (RM'mil) +24.6% Y-0-Y +16.2% Y-o-Y Σ NII rose 15.9% QoQ attributed to higher other income from Niaga, with a stronger YoY growth from the Philippines and Vietnam. NOII grew QoQ and YoY from higher FX, investment income and CDA 1,652 1.422 7.1 Σ TNGD momentum remains strong with 10.4 mil ATU and 1.03 mil merchants as at Jun-23. GO+ investors reached 3.1 mil with total AUM of RM484.4 mil as at Jun-23 5.7 Σ > Digital businesses continue to grow strongly with CIMB Philippines hitting 7.1 mill customers as at Jun-23 (24.6% YoY) and a deposit book of RM1.65 bil (16.2% YoY) Jun-22 Jun-23 Jun-22 Jun-23 17#18Σ CIMB Islamic Islamic Financing (RM 'mil) 2Q23 Q-o-Q 1H23 Y-o-Y (RM 'bil) Net financing income 824 12.9% 1,554 (3.9%) +2.9% Q-o-Q +16.0% Y-o-Y Non financing income 175 (5.9%) 361 62.6% Operating income 999 9.1% 1,915 4.1% 128.5 132.2 114.0 Overhead expenses (334) (11.9%) (714) 18.8% PPOP 665 23.8% 1,201 (3.0%) (Provisions) / Writeback (198) 22.2% (360) 33.3% Jun-22 Mar-23 Jun-23 Share of JV / Associates 1 2 100.0% PBT 468 24.5% 843 (13.0%) Islamic Deposits~ Σ Net Financing income (NFI) improved 12.9% QoQ but lower 3.9% YoY due to net financing margin compression from higher deposit cost. Non Financing income (NOFI) -5.9% QoQ but higher by 62.6% YoY driven by higher trading & FX income PBT improved 24.5% QoQ from higher NFI and reduced expense, offset by higher provisions in Malaysia. However, PBT -13.0% YoY from elevated expenses and provisions >>> ☑ > Financing and deposits rose by 16.0% and 17.8% YoY, respectively. CIMB Islamic remains #2 in Malaysia by total Islamic assets, deposits and financing Note: Including investment accounts (RM 'bil) +4.4% Q-0-Q +17.8% Y-o-Y 141.3 125.2 147.5 Jun-22 Mar-23 Jun-23 18#1902 Strategic Plan Forward 23+ Updates#20Forward 23+ 2023 Strategic Plan 1 Delivering Sustainable Financial Returns Vision To be the leading focused ASEAN bank a) Reshape portfolio • Accelerate profitable growth • Fix & turnaround underperforming businesses Capital & balance sheet optimisation 2 Disciplined Execution • • Performance culture Regional operating model Strategic Themes b) Drive cost efficiency • Embed cost discipline • Increase productivity c) Digitise for value Address technology resiliency • Digitise & automate front & back office • Focus on data & analytics ③ Customer Centricity CX transformation including transforming customer journeys ⚫ Treat customers Fairly • • FORMARB23* d) Focused investments Deepen CASA & deposit franchise Invest in Wealth & Affluent business, Wholesale, and Transaction Banking Grow Islamic finance Selected digital investments • Finance & compliance resiliency 4 Transform Fundamentals Risk management & asset quality Enhance operational resiliency Σ ⑤ Purpose-driven organisation a) Culture & Values b) Human capital c) Sustainability 20#21Asset Composition and Growth Growth momentum continued to improve on areas we would like to invest To be the loading focused ASEAN bak Strategic Themes Purpose-drive Наше сараи Asset Composition Gross Loan Composition Year Consumer Commercial Wholesale CDA and Group Year Consumer Commercial Wholesale Funding Dec-19 33% 11% 43% 12% Dec-19 Jun-23 32% 10% 42% 17% Jun-23 50% 52% 18% 16% 32% 32% ▼ Loan Growth (YoY) Initiatives Comments 1H23 - 2019 1H23 Focused teet Invest Consumer +7% +19% >>> Malaysia +5% +17% Malaysia Commercial +8% +26% Indonesia Consumer +8% +28% Σ Consumer loans growth driven by Thailand and Indonesia Malaysia loans growth driven by Commercial segment Malaysia Commercial growth driven by Business Banking Indonesia Consumer holding strong Fix Indonesia Commercial (ex-SME) +1% +7% Σ Singapore Commercial (ex-SME) -3% -50% > Indonesia Commercial portfolio optimisation completed. Growing cautiously Singapore Commercial showing improved LLC > Exit Thailand Commercial -29% -71% > Thailand Commercial - Continued portfolio run down Σ 21 Note: Malaysia includes London, Hong Kong and Shanghai#22ROE Journey and Trajectory 8.5% 0-40 bps 70-130 bps 10.6% 10.2- 11.0% 11.5- 12.5% 2019 ROE Portfolio Opex ECL Others Reshaping Optimisation Reduction Capital Accumulation 1H23 ROE Drivers 2023 Target ROE Drivers 2024 Target ROE Key Highlights > ROE progressed to 10.6% in 1H23 from 8.5% in 2019 as we delivered on key Forward 23+ initiative > Our business recalibration efforts via reshaping of our portfolio delivered positively across segments and geographies > Achieved structured cost take out of RM 1bil over 3 years > ECL uplift from proactive asset quality management > Partial offset from higher CET1 of 14.2% at end Jun-23 vs 12.9% in 2019 Future Drivers Σ BAU profitability from asset growth, NOII expansion and preferred segments growth > Higher contribution from CIMB Niaga Further credit cost optimisation > CIMB Digital Assets turnaround. > Capital optimisation 22#23Vision To be the leading focused ASEAN bark Strategic Themes % Availability Digital Reliability/Customer Centricity Metrics tracking well with continued momentum in digital transactions Clicks & Bizchannel Digital Platform Incidences No. Unscheduled C& Downtimes Technology & Operational Investments Technology Capex (RM'mil) Country FY22 1H23 FY23 Target Malaysia FY20 FY21 FY22 1H23 1,000 881 909 886 CIMB Clicks Clicks 19 9 2 3 Clicks Octo Clicks and Mobile Clicks Thai Digital App Bizchannel 99.75% 99.81% 99.25% 99.20% 99.29% 99.25% BizChannel 5 1 0 0 104 99.75% 99.83% 99.25%1 FY20 FY21 FY22 1H23 FY23 Planned 99.31% 99.60% 98.70% Bizchannel 100.00% 100.00% 99.75% . Bizchannel 100.00% 100.00% 99.50% >> Bizchannel 100.00% 100.00% 99.75% Bizchannel 99.95% 99.94% 99.75% 1 SG Clicks target revised in June 2023 • No new unscheduled Clicks downtime recorded in 2Q23, showing improvement from 1Q23 Committed to continue investing to strengthen resiliency, stabilise uptime performance and build up platform reliability • ⚫ 1H23 expenditure at RM 104 mil (10% of planned tech capex) • FY23 planned expenditure of RM1.0 bil to further digitise and improve technology and operational resiliency 23#24To be the leading focused ASEAN bark Strategic Themes Driva past Facad >> Sustainability 2Q23 Update Sustainable financial solutions - collaboration with Bursa Malaysia to help PETRONAS' supply chain businesses adopt low carbon and sustainable practices Sustainable Living Home Solutions offering preferential rates for green home and solar panel financing and various mobility and lifestyle offerings - Electric Vehicle (EV) financial solutions to drive adoption of EVs in Malaysia, addressing needs of consumers across every aspect of owning an EV Sustainability-Linked Treasury Programme - Onboarded MTT Shipping Sdn. Bhd. as the first client to utilise the Bank's Programme with Shariah-compliant hedging instruments Won the Domestic Project Finance Bank of the Year and Domestic Sustainable Finance Initiative of the Year at the Asian Banking & Finance Wholesale Banking Awards 2023 Rolled-out Human Rights Policy in May-23 that aligns with United Nations Guiding Principles on Business and Human Rights Launched Sustainability Bond Framework for its upcoming Sustainability Bond issuance which supports green, social, and sustainable financing in Thailand Sustainability in Action: Opportunities for a Better Tomorrow THE COOLER EARTH Sustainability Summit Spynight i Cut & 11 - 21 September 2023 Со 9 24 В) Нар#2503 Final Remarks#26Final Remarks > Improved momentum in 2Q23 performance driven by robust NOII, strong loan growth and CASA expansion 1H23 FY23 Guidance FY23 Targets FY24 Forward23 + Ambition Σ The Group is also benefiting diversified ASEAN portfolio from the as strong M * ROE 10.6% 10.2-11.0% 10.2-11.0% Top quartile (11.5-12.5%) >>> >>> Σ performance in Indonesia and Singapore balancing other markets' muted growth We continue to maintain a cautious stance given global headwinds, elevated interest rate and heightened deposit competition. However, NIM pressure is expected to subside as the Group continue to focus on strengthening the CASA and deposit franchise The Group remains focused on executing the Forward23+ strategic plans on targeted segment growth, cost management and asset quality management, as well as sustained investments to deliver on our FY23 and Forward 23+ targets % Dividend Payout Ratio 55% 55% 40-60% 40-60% Total Loan 8.3% 6-7% 5-6% Growth In line with market Cost to $ 46.0% <46.5% <46.5% ≤45% income * Loan Loss Charge 38bps 40-50bps 45-55bps 50-60bps CET 1 (CIMB 14.2% >13.5% >13.5% >13.5% Group) Note: *Annualised 26#2704 Appendices#28Σ Exceptional Items (RM 'mil) PBT BAU Gain on deconsolidation Touch 'n Go Digital Gain / Loss on dilution of interest on disposal of associates Loss on disposal of 25% CGS-CIMB Transformational / Restructuring cost Intangible assets write off and accelerated amortisation Impairment of goodwill Total Exceptional Items Before Tax PBT (Reported) 1H23 2Q22 1Q22 1H22 4,718 2,157 2,101 4,258 (6) (6) (12) (46) (47) (93) (52) (53) (105) 4,718 2,105 2,048 4,153 Net Profit BAU 3,418 1,547 1,550 3,097 El net of Tax and MI (44) (45) (89) Cukai Makmur (222)^ (78) (300) Total Exceptional Items After Tax (266) (123) (389) Net Profit (Reported) 3,418 1,281 1,427 2,708 28#29Earnings Summary 1H22 2Q22 (RM 'mil) 2Q23 1Q23 Q-o-Q 1H23 Y-o-Y Y-o-Y BAU^ BAU^ Net interest income 3,646 3,522 3.5% 7,168 7,224 (0.8%) 3,675 (0.8%) Non interest income 1,688 1,475 14.4% 3,163 2,397 32.0% 1,210 39.5% Operating income 5,334 4,997 6.7% 10,331 9,621 7.4% 4,885 9.2% Overhead expenses (2,405) (2,343) 2.6% (4,748) (4,471) 6.2% (2,247) 7.0% PPOP 2,929 2,654 10.4% 5,583 5,150 8.4% 2,638 11.0% Loan impairment (558) (306) 82.4% (864) (743) 16.3% (456) 22.4% Other provisions 123 (139) (188.5%) (16) (163) (90.2%) (26) (573.1%) Share of JV / Associates (12) 27 (144.4%) 15 14 7.1% 1 (>1,000%) PBT 2,482 2,236 11.0% 4,718 4,258 10.8% 2,157 15.1% PBT (Reported) 2,482 2,236 11.0% 4,718 4,153 13.6% 2,105 17.9% Net profit 1,773 1,645 7.8% 3,418 3,097 10.4% 1,547 14.6% Net profit (Reported) 1,773 1,645 7.8% 3,418 2,708 26.2% 1,281 38.4% EPS (sen) 16.6 15.4 7.8% 32.0 30.0 6.7% 14.8 12.2% ROE (Annualised) 10.7% 10.3% 40bps 10.6% 10.4% 20bps 10.3% 40bps ROE (Annualised) (Reported) 10.7% 10.3% 40bps 10.6% 9.1% 150bps 8.5% 220bps Σ 29 Notes: Excludes (net of tax): 1Q22: Exceptional items of RM45 mil and cukai makmur of RM78 mil; 2Q22: Exceptional items of RM44 mil and cukai makmur of RM222 mil#30Key Ratios 1H22 2Q22 (%) 2Q23 1Q23 Q-0-Q 1H23 Y-o-Y Y-o-Y BAU^ BAU^ ROE ~ Reported ROE 10.7 10.3 10.6 10.4 10.3 10.7 10.3 10.6 9.1 8.5 NIM ~* 2.24 2.26 2.25 2.47 2.47 Non-interest income / total income 31.6 29.5 30.6 24.9 24.8 Cost to income 45.1 46.9 46.0 46.5 46.0 Allowance coverage (including regulatory reserve) 97.9 98.3 97.9 102.0 102.0 Allowance coverage (excluding regulatory reserve) 91.6 94.2 91.6 99.6 99.6 Loan loss charge ~ 0.39 0.37 0.38 0.41 0.49 Gross impaired loans ratio. 3.3 3.2 3.3 3.5 3.5 Net impaired loans ratio (Net of IA and PA). 0.3 0.2 0.3 0.0 0.0 ROA~ 1.00 0.97 0.99 0.97 0.97 Book value per share (RM) 6.28 6.13 6.28 5.80 5.78 Loan to Deposit (LDR) 87.8 88.3 87.8 88.7 88.7 CASA ratio 38.5 37.9 38.5 42.3 42.3 Notes: Annualised >> Daily Average ^ Excludes (net of tax): 1Q22: Exceptional items of RM45 mil and cukai makmur of RM78 mil; 2Q22: Exceptional items of RM44 mil and cukai makmur of RM222 mil 30 30#31>> NOIl breakdown (RM 'mil) 2Q23 1Q23 Q-o-Q 1H23 1H22 Y-o-Y Fee & commission 605 606 (0.2%) 1,211 1,282 (5.5%) Brokerage 5 7 (28.6%) 12 1 >1,000% Asset management and security services. 6 5 20.0% 11 14 (21.4%) Trading & FX 841 745 12.9% 1,586 909 74.5% Dividend income 30 7 328.6% 37 32 15.6% Other income Total 201 105 91.4% 306 159 92.5% 1,688 1,475 14.4% 3,163 2,397 32.0% 31#32>> PBT by Segments PBT (RM 'mil) 1H22 2Q23 1Q23 Q-0-Q 1H23 Y-o-Y BAU^ Consumer Banking (30.0%) 720 695 3.6% 1,415 1,495 (5.4%) Commercial Banking (20.0%) 426 518 (17.8%) 944 765 23.4% Wholesale Banking (33.3%) 867 702 23.5% 1,569 1,655 (5.2%) Corporate Banking (19.3%) 556 355 56.6% 911 895 1.8% Treasury & Markets - (14.1%) 315 350 (10.0%) 665 749 (11.2%) Investment Banking + (-0.1%) (4) (3) (33.3%) (7) 11 (163.6%) CIMB Digital Assets & Group Funding # (16.7%) 469 321 46.1% 790 343 130.3% PBT 2,482 2,236 11.0% 4,718 4,258 10.8% Λ Notes: Excludes: 1Q22: Exceptional items of RM53 mil; 2Q22: Exceptional items of RM52 mil Including treasury operations, markets and transaction banking + Including advisory, equities, capital markets, private banking and research # Including asset management, strategic investments, capital investments in fixed income securities and investment in Group's proprietary capital 32#33PBT by Segment and Country Consumer Banking 2Q23 1Q23 Q-0-Q 1H23 1H22 Y-o-Y Malaysia (RM 'mil) 508 483 5.2% 991 972 2.0% Indonesia (IDR 'bil) 455 598 (23.9%) 1,053 805 30.8% Thailand (THB 'mil) 183 205 (10.7%) 388 1,450 (73.2%) Singapore (SGD 'mil) 7 6 16.7% 13 25 (48.0%) * Others (RM 'mil) 24 (6) 500.0% 18 22 (18.2%) PBT BAU (RM 'mil) 720 695 3.6% 1,415 1,495 (5.4%) Commercial Banking 2Q23 1Q23 Q-0-Q 1H23 1H22 Y-o-Y Malaysia (RM 'mil) 317 392 (19.1%) 709 639 11.0% Indonesia (IDR 'bil) (68) 123 (155.3%) 55 (162) 134.0% Thailand (THB 'mil) 59 (71) 183.1% (12) (137) 91.2% Singapore (SGD 'mil) 31 28 10.7% 59 48 22.9% * Others (RM 'mil) 16 8 100.0% 24 41 (41.5%) PBT BAU (RM 'mil) 426 518 (17.8%) 944 765 23.4% Wholesale Banking 2Q23 1Q23 Q-0-Q 1H23 1H22 Y-o-Y Malaysia (RM 'mil) 384 378 1.6% 762 664 14.8% Others (RM 'mil) Indonesia (IDR 'bil) Thailand (THB 'mil) Singapore (SGD 'mil) * 1,056 771 37.0% 1,827 2,208 (17.3%) 408 523 (22.0%) 931 1,088 (14.4%) 30 9 233.3% 39 60 (35.0%) 5 7 (28.6%) 12 13 (7.7%) PBT BAU (RM 'mil) 867 702 23.5% 1,569 1,655 (5.2%) 33 Note: *Including Cambodia, Vietnam and Philippines#34Asset Quality & Moratorium Covid-19 Impacted Sectors Gross Loans 30 Jun-23 Bonds 30 Jun-23 Hospitality Retail Aviation Leisure Total: Directly impacted sectors vs 31 Mar-23 Others: Indirectly impacted sectors 1.1% 0.1% 2.5% 0.1% 0.2% 0.6% 0.5% 0.5% 4.4% 1.1% 4.3% 1.1% 20.1% 4.2% vs 31 Mar-23 20.1% 4.4% Moratorium and R&R Malaysia Indonesia Thailand Singapore Group Consumer 1% 0% 0% 0% 1%^ Commercial 1% 9% 12% 1% 3% * Corporate 4% 2% 3% 1% 3% Total (30 Jun-23) 1% 3% 1% 0% 2% vs 31 Mar-23 2% 4% 1% 0% 2% Σ 34 Notes: Includes Cambodia, Vietnam and Philippines * Includes Cambodia # Corporate loans only TH Commercial as at 31 May 2023#35Borrowers Status: Asset Quality: Oil & Gas Loan Exposure: 1.5% of total Group gross loans Thailand 7% Singapore 18% Indonesia 10% Impaired 23% Watch List (M & H) 0% C Segmental Exposure: Malaysia 65% Σ As at Jun-23, the O&G impairment ratio stood at 22.5% (Mar-23: 22.5%). >> Σ >> The impairment coverage ratio was 87.4% as at Jun-23 (89.3% in Mar-23). Normal 77% Downstream 45% Oil Traders 6% Upstream 16% O Midstream 33% > Σ O&G bonds comprised 1.6% (RM2.5 bil) of total Group bonds holdings as at Jun-23 (Mar-23: 1.7%; RM2.4 bil). Oil traders represent 6% of the Group's total O&G loan book as at Jun-23 (cf. 5% as at Mar-23). 35#36Consumer Banking Key Highlights Malaysia Y-o-Y Q-0-Q Indonesia ^ Y-o-Y Q-0-Q Consumer Gross Loans 4.1% 1.0% Consumer Gross Loans 8.0% 1.7% Mortgages 8.0% 1.9% Mortgages 4.8% 0.8% Term loans (9.0%) (2.3%) Auto 14.6% 2.9% Auto 6.3% 1.6% Credit cards 1.5% 1.0% Credit cards 15.7% 1.7% Consumer Deposits 9.0% 3.9% Consumer Deposits 8.4% 1.9% CASA 4.2% 4.9% CASA (10.6%) (0.5%) Fixed & structured deposits 19.3% 2.2% Fixed & structured deposits 21.4% 3.2% Thailand ^ Y-o-Y Q-o-Q Singapore ^ Λ Y-o-Y Q-0-Q Consumer Gross Loans 12.1% 3.2% Consumer Gross Loans 3.0% 3.5% Mortgages 14.7% 3.5% Mortgages (0.8%) 5.1% Auto Loans 7.1% 2.8% Term loans (0.7%) 1.4% Consumer Deposits 13.5% 1.3% Credit cards 11.2% 2.2% CASA (1.9%) 2.7% Consumer Deposits 50.3% 2.2% Fixed & structured deposits 29.7% 0.3% CASA (14.5%) 4.7 Fixed & structured deposits 161.4% 0.9% Σ Λ Notes: In local currency 36#37CIMB Niaga Earnings Summary CIMB NIAGA (IDR 'bil) 2Q23 1Q23 Q-o-Q 1H23 1H22 Y-o-Y Net interest income 3,427 3.408 0.6% 6,835 6,538 4.5% Non interest income 1,608 1.576 2.0% 3,184 3,045 4.6% Operating income 5,035 4,984 1.0% 10,019 9,583 4.5% Overhead expenses* (2,119) (2,219) (4.5%) (4,337) (4,182) 3.7% PPOP* 2,916 2,765 5.5% 5,682 5,401 5.2% Provisions (780) (749) 4.1% (1,530) (2,100) (27.1%) PBT* 2,136 2,016 6.0% 4,152 3,301 25.8% Net Profit * 1,652 1,581 4.5% 3,233 2,534 27.6% EPS (Reported) 66.25 63.42 4.5% 129.67 101.65 27.6% PBT (RM 'mil) 649 581 11.7% 1,230 976 26.0% Net profit (RM 'mil) 502 456 10.1% 958 749 27.9% ROE (Annualised) 15.8% 15.1% 70bps 15.4% 12.8% 260bps Notes: As per CIMB Niaga 2Q 23 Analyst Presentation * Exclude exceptional items 37 37#38Σ CIMB Niaga Key Ratios : CIMB NIAGA (Consolidated, %) 2Q23 1Q23 Q-0-Q 1H23 1H22 Y-o-Y ROE ^* 15.8 15.1 15.4 12.8 NIM ^ 4.52 4.71 4.61 4.54 Cost to Income* 42.1 44.5 43.3 43.6 Loan Loss Coverage # 261.9 253.5 261.9 215.0 Allowance Coverage 110.7 105.0 110.7 115.3 Loan Loss Charge ^ 1.8 1.5 1.6 2.1 Gross Impaired Loans Ratio. 5.9 6.2 5.9 6.5 Gross NPL (BI Definition) # 2.5 2.6 2.5 3.5 ROAN ^* 2.6 2.6 2.6 2.2 Loan to Deposit (LDR) 86.0 82.2 86.0 80.9 CAR 23.2 21.3 23.2 21.1 CASA ratio 64.3 61.2 64.3 65.7 Notes: As per CIMB Niaga 2Q23 Analyst Presentation # Based on Bl definition ^ Annualised and monthly average * Exclude exceptional items 38 38#39CIMB Thai: Earnings Summary CIMB THAI ชีไอเอ็มบี ไทย Before GAAP Adjustments 2Q23 1Q23 Q-o-Q 1H23 1H22 Y-o-Y (THB 'mil) Net interest income 2,533 2,346 8.0% 4,879 4,665 4.6% Non interest income 797 1,483 (46.3%) 2,278 2,441 (6.7%) Operating income 3,330 3,829 (13.0%) 7,157 7,106 0.7% Overhead expenses (2,092) (1,960) 6.7% (4,051) (3,754) 7.9% PPOP 1,237 1,868 (33.8%) 3,107 3,352 (7.3%) Provisions (547) (830) (34.1%) (1,377) (709) 94.2% PBT 690 1,038 (33.5%) 1,728 2,642 (34.6%) Net Profit 539 830 (35.1%) 1,369 2,116 (35.3%) EPS (THB) 0.02 0.02 0.04 0.06 (33.3%) Net Profit (RM 'mil) ~ 70 107 (34.6%) 178 268 (33.6%) PBT (RM 'mil) * 98 115 (14.8%) 214 341 (37.2%) Net profit (RM 'mil) * 77 92 (16.3%) 170 273 (37.7%) ROE (Annualised) 4.6% 7.3% (270bps) 5.9% 9.7% (380bps) Notes: * Local GAAP After GAAP and MFRS 139 adjustments 39#40CIMB Thai: Key Ratios CIMB THAI ชีไอเอ็มบี ไทย (Consolidated, %) 2Q23 1Q23 Q-o-Q 1H23 1H22 Y-o-Y ROE ^ 4.6 7.3 5.9 9.7 NIM ^ 2.7 2.5 2.6 2.7 Cost to Income 62.8 51.2 56.6 52.8 Loan Loss Coverage ** 122.1 122.6 122.1 114.3 Loan Loss Charge ^ 0.9 1.4 1.1 0.7 Gross NPL ratio ** 3.1 3.1 3.1 3.3 ROA 0.6 0.7 0.6 1.0 Loan to Deposit 92.9 101.7 92.9 90.1 Modified LDR *** 83.8 88.6 83.8 77.8 CAR * 20.2 21.1 20.2 20.7 CASA ratio # 49.5 50.5 49.5 53.5 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 40#41IB Market Share and Ranking (1) 1H23 1H22 Market Market Rank Rank Share Share DCM Domestic 24.4% 1 21.4% 2 DCM 1H23 1H22 Market Market Rank Rank Share Share 8.8% 5 7.5% 8 Sukuk 25.7% 1 22.9% 2 M&A M&A 42.4% 1 17.3% 4 Syndication ^ Λ 3.2% 10 4.9% 5 Syndication ^ 13.2% 3 12.3% 4 IPO 2.7% IPO 13.2% 4 24.8% 1 ECM 1.2% 19 2.5% 8 ECM 16.5% 2 18.8% 2 1H23 1H22 1H23 1H22 Market Market Market Market Rank Rank Rank Rank Share Share Share Share DCM 8.2% 6 9.0% 5 DCM 3.7% 5 1.6% 9 M&A 0.1% 9 M&A 0.3% 26 Syndication ^ I Syndication ^ 0.2% 57 2.9% 8 IPO 2.1% 9 IPO 0.5% 13 ECM 1.8% 10 ECM 7.1% 6 Sources: Dealogic, Bloomberg, Local Stock Exchanges and internal data Note: Mandated lead arranger 41#42IB Market Share and Ranking (2) 1H23 1H22 1H23 1H22 Asia ASEAN Market Market Market Market Rank Rank (ex-Japan) * Rank Rank Share Share Share Share DCM 12.9% 1 9.8% 1 DCM 0.6% 41 0.5% 45 M&A 4.0% 12 0.9% 20 M&A 0.9% 24 0.2% 47 Syndication ^ 2.1% 16 4.4% 6 Syndication ^ Λ 0.3% 50 0.6% 31 IPO 2.0% 14 6.1% 5 IPO 0.9% 29 0.8% 22 ECM 4.5% 8 6.6% 5 ECM 1.1% 18 0.9% 25 1H23 1H22 Global Market Share Rank Market Share Rank Sukuk 7.4% 1 7.4% 4 Sources: Dealogic, Bloomberg, Local Stock Exchanges and internal data Note: Mandated lead arranger * Excluding A-Share 42