#1Bangkok Bank Investor Presentation For 3Q21 CREATING Value TOGETHER B#22 Bangkok Bank ☑ Operating environment 3Q21 Financial performance 2021 Financial target Bangkok Bank#33 1,000k 750k 500k 250k Jan 22, 2020 Feb 13, 2020 Mar 06, 2020 Mar 28, 2020 Source: Worldometer The spread of Delta variant is is stabilizing around the the world Apr 19, 2020 May 11, 2020 Jun 02, 2020 Jun 24, 2020 Jul 16, 2020 Aug 07, 2020 Aug 29, 2020 Sep 20, 2020 Oct 12, 2020 Nov 03, 2020 Alpha Variant Delta Variant Nov 25, 2020 Dec 17, 2020 Jan 08, 2021 Jan 30, 2021 Feb 21, 2021 Mar 15, 2021 Apr 06, 2021 Apr 28, 2021 May 20, 2021 Jun 11, 2021 Jul 03, 2021 Jul 25, 2021 Aug 16, 2021 Sep 07, 2021 Sep 29, 2021 Oct 21, 2021 Bangkok Bank#4The global economic recovery is continuing strongly despite higher energy prices and supply chain disruptions PROJECTIONS (real GDP, annual percent change) 2020 2021 2022 World Output -3.1 5.9 4.9 Advanced Economies -4.5 5.2 4.5 United States Euro Area Germany France Italy -3.4 6.0 5.2 -6.3 5.0 4.3 -4.6 3.1 4.6 -8.0 6.3 3.9 -8.9 5.8 4.2 Spain -10.8 5.7 6.4 Japan -4.6 2.4 3.2 United Kingdom -9.8 6.8 5.0 Canada -5.3 5.7 4.9 Other Advanced Economies -1.9 4.6 3.7 Emerging Market and Developing Economies -2.1 6.4 5.1 Emerging and Developing Asia -0.8 7.2 6.3 China 2.3 8.0 5.6 India -7.3 9.5 8.5 ASEAN-5 -3.4 2.9 5.8 4 Source: IMF Bangkok Bank#5Recovery in the global PMI is starting to moderate 5 Source: IMF Higher-frequency indicators point to softening momentum. 25- 20- 15- 10- LC 5 0 -5- Industrial production -10- Manufacturing PMI: New orders -15- Services PMI: New business -20- Monthly world trade volumes (seasonally adjusted, 2018 = 100, -25- right scale) -30 2018 19 -115 -112 -109 -106 -103 100 -97 -94 -91 -88 -85 82 20 Aug. 21 Bangkok Bank#66 The Thai government has implemented four measures to tackle the Covid-19 pandemic Balanced, effective restrictions and control measures Oxford stringency Index Acceleration of vaccination rollout Number of new COVID-19 cases Number of Vaccine Doses (MM) 85.0 117.6 100 Wave 1: 76.9 Latest control measures 24,000 75 15 similar to the ones taken in Wave 1, but avoiding countrywide lockdown Wave 4: 53.7 18,000 32.6 50 12,000 Wave 2: 63.9 Wave 3: 59.3 0.6 8.2 23.8 25 6,000 Number of 0 Jan-20 0 Doses Administered May-20 Sep-20 Jan-21 May-21 Sep-21 (as of 31 Aug 2021) New Doses to be Received (Sep Dec 2021) Total Number of Doses to be Administered (by 31 Dec 2021) Oxford Stringency Index 1st dose 2nd dose 3rd dose I Number of New COVID-19 Cases Source: Center for COVID-19 Situation Administration, University of Oxford Tourism reopening Accommodation occupancy rate (%) Target by Year End Vaccinated Population ~58MM Vaccination Rate ~86% Source: Center for COVID-19 Situation Administration, Department of Medical Science, Bangkok Bank Government stimulus Government stimulus package (THB Bn) 78% 58% 21% 25%27%28% 30% 35% 32% Asset warehousing 13% 11% 16%22% 15% 2% 4% 5% 5% 3% Bond market stabilization Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Relaxation of travel restrictions for fully vaccinated tourists from low-risk countries from 2h2021 onwards July 2021 Phuket Sandbox Samui Plus Model 4Q21 Quarantine-free travel for international tourists who meet criteria in 9. tourist spots Source: Center for COVID-19 Situation Administration, Bank of Thailand 1Q22 onwards International tourists allowed throughout Thailand Total: THB3Tn Soft loan Source: The Government House of Thailand, News Runs Cash transfers / expenditure reductions/tax reductions Bangkok Bank#77 4 interrelated responses by the government Covid control 50M 40M 30M 20M 10M 0 Vaccine rollout Reopening Public Stimulus Bangkok Bank#820k Novel Coronavirus Daily Cases 10k Feb 15, 2020 Mar 06, 2020 Mar 26, 2020 Apr 15, 2020 May 05, 2020 8 Source: Worldometer 30k The third-fourth wave of the pandemic has stabilized May 25, 2020 Jun 14, 2020 Jul 04, 2020 Jul 24, 2020 Aug 13, 2020 Sep 02, 2020 Sep 22, 2020 Oct 12, 2020 Nov 01, 2020 The second wave Nov 21, 2020 Dec 11, 2020 Dec 31, 2020 'an 20, 2021 Teb 09, 2021 Mar 01, 2021 Mar 21, 2021 Apr 10, 2021 Apr 30, 2021 May 20, 2021 The third-fourth wave Jun 09, 2021 Jun 29, 2021 Jul 19, 2021 Aug 08, 2021 Aug 28, 2021 Sep 17, 2021 Oct 07, 2021 Oct 27, 2021 Bangkok Bank#9Economic activity has resumed following the lifting of lockdown measures in September Google Mobility Index 7-day moving average Percent 30 20 20 10 0 -10 -20 -30 -40 -50 -60 -70 May Jun Jul Aug Sep Oct 2020 9 Source: Google, Macrobond M 22.500 Grocery & Pharmacy 3.500 Residential, Length of Stay -0.583 Retail & Recreation Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct 2021 -19.750 Workplaces -24.833 Parks -42.917 Transit Stations Bangkok Bank#1010 0 50 50 80 60 Q4-19 Leading to the rebound of the Thai economy in September Index sa Q4-19100 120 Economic Indicator - Demand 110 100 100 90 90 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Index sa Export value excl. gold Q4-19 = 100 120 113.2 110 103.1 PII PCI No. of foreign tourists 0.4 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Note: PCI = Private Consumption Indicators PII = Private Investment Indicators Source: Bank of Thailand 100 95.4 90 90 60 60 70 50 80 Q4-19 T Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Economic Indicator - Supply Crop Production SPI excl. gold Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 ny MPI 80.3 Note: MPI Manufacturing Production Index SPI = Service Production Index (Excludes public administration and services, and gold activities) Bangkok Bank 102.6 95.6#1111 At the same time, Thai corporate profits have recovered to pre-pandemic levels Corporate Net Income (THB Bn) 1,500 58% 1 51% 932 935 1,000 2017-19 Avg: 915 877 Annualized: | 973 500 0 III 2017 2018 2019 5561 2020 As % of 2017-19 Average Net Income (2) Source: Ministry of Commerce 486 1H21 Bangkok Bank#1212 Large budget disbursements in the upcoming years will be driven by the restart of mega-projects in the Eastern Economic Corridor and other areas Public and Private Investment Disbursement Schedule (THB Bn) 90 | 74 99 66 60 50 50 26 17 44 4 29 22 27 28 28 32 25 30 13 47 49 17 40 18 16 16 28 1 17 10 12 15 9 0 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Source: EEC Public Private Bangkok Bank#1313 Impacts on the Thai economy: Activity to rebound after the lifting of lockdown measures GDP growth YoY (%) Global economic Large scale fiscal stimulus recovery Global financial crisis Great floods Strong Baht appreciation up to taper tantrum Brexit US election Collapse in commodity 7.5 7.2 price 5.0 5.4 4.2 4.1 4.2 2.7 3.1 3.4 1.7 2.4 0.8 1.0 -0.7 • • Exports and Public Investment and Spending Consumption and Tourism Exports recovered, easing of lockdown paved way for a recovery in domestic activity Coronavirus outbreak -6.1 0.0+ 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021F Bangkok Bank#1414 Implications to Thai businesses 2020 2021 Restarting Businesses Liquidity Support Competition in the New Normal 2022 2023 Domestic Tourism International Tourism Covid control Vaccine rollout Reopening Support the economy Public infrastructure projects Bangkok Bank#1515 Bangkok Bank ☑2 Operating environment 3Q21 Financial performance 2021 Financial target Bangkok Bank#16Prudent and diversified approach to loan growth Loan Billion Baht 2,004 2,083 2,061 +6.6% YTD Loan by business unit % of composition International 26% +4.3% QoQ 2,524 2,420 2,368 2,369 Corporate Sep-21/1 41% Consumer 12% 6% Business 15% Commercial Loan by industry % of composition 13% Housing 19% Others Sep-21/1 Utility and service 2017 2018 2019 2019 2020 Mar-21 Jun-21" Sep-21" 23% 16 Notes: 1 Includes Permata's loans Real estate and construction 9% Agriculture and mining 4% Manufacturing and commercial 33% Bangkok Bank#17NII increased due to the consolidation of Permata and interest expense management; while NIM decreased given low interest rate environment Net interest income Billion Baht NIM, Yield on earning asset, Cost of fund % 77.0 71.4 71.1 66.6 +4.6% YoY 60.4 57.8 3.68% 3.72% 3.72% 3.28% 3.35% 2.92% 2.32% 2.40% 2.35% 2.24% 2.28% 2.10% 1.54% 1.52% 1.59% 1.19% 1.24% 0.95% 2017 2018 2019 2020¹ 9M20¹ 9M21¹ /1 2017 2018 2019 2020 9M20¹ 9M21¹ Policy rate 1.500% 1.750% 1.250% 0.500% 0.500% 0.500% MLR 6.250% 6.250% 6.000% 5.250% 5.250% 5.250% MOR 7.125% 7.125% 6.875% 5.875% 5.875% 5.875% NIM 17 Note: /1 Includes Permata's financial performance Yield on earning assets Cost of funds Bangkok Bank#18Net fees and service income growth was driven by fee income from loan related service and security business Net fees and service income Billion Baht 28.5 27.5 27.6 24.7 Fees and service income % of composition 12% 12% 13% 20% 20% 28% +17.7% YoY 15% 20% 21% 21.6 23% 23% 8% 8% 18.4 7% 23% 7% 8% 22% 21% 19% 6% 19% 20% 16% 24% 24% 24% 22% 21% 18% 17% 16% 15% 9% 9% 10% /1 2017 2018 2019 2020 9M20 9M21¹ 2017 2018 2019 Loan related fees Credit card business Transaction services 18 Note: /1 Includes Permata's financial performance 2020 9M20¹ 9M21¹ Global market services Bancassurance and mutual funds Other fees and commissions Bangkok Bank#19Operating expenses increased due to the consolidation of Permata's expense while a cost to income ratio declined to 48.4% Operating expenses Billion Baht Cost to income ratio % 48.9 66.0 55.2 55.0 +4.6% YoY 47.9 45.8 55.0% 52.0% 48.4% 45.4% 43.5% 41.1% 2017 2018 2019 2020¹ 9M20 9M21¹ 2017 2018 2019 ✓ Permata's financial performance and one-time integration expense 19 Note: /1 Includes Permata's financial performance 2020/1 9M20 /1 9M21¹ Bangkok Bank#20Continue to deliver income and profit across business cycle amid the prolong Covid-19 pandemic. Pre-provisioning operating profit expanded 21.1% Total income Billion Baht Pre-provisioning operating profit (PPOP) Billion Baht 112.5 121.4 144.7 118.7 88.1 +12.5% YoY 99.1 78.8 66.2 63.5 +21.1% YoY 52.8 32.4 51.2 22.4 22.0 42.3 31.2 26.0 24.0 33.0 35.3 35.8 17.2 20.5 15.1 /1 2017 2018 2019 2020 9M20 9M21" /1 /1 2017 2018 2019 2020 9M20 9M21 /1 /1 Net profit/2 Provisioning expenses Tax 20 Note: /1 Includes Permata's financial performance /2 Attributable to owners of the Bank Bangkok Bank#21Continue to set aside expected credit losses to cover the delayed and uncertain economic recovery Expected credit loss (Provision), Credit cost Loan loss reserve (LLR), Coverage ratio Billion Baht, % 1.1% 1.1% 1.6% Billion Baht, % 200.0% 198.9% 190.9% 186.8% 187.3% 190.3% 160.2% 1.4% 149.9% 1.4% 1.4% 148.8% 149.2% 138.1% 203 149.7% 152.2% 211 224 195 174 153 140 113 32.4 31.2 70 89 22.4 22.0 24.0 26.0 10 70 64 61 /1 /1 /1 /1 2020 Mar-21 Jun-21 Sep-21 BBL's excess reserves over BOT requirement BBL's required reserves by BOT BBL's loan loss reserves /1 /1 /1 2017 2018 2019 2020 9M20 9M21 2017 2018 2019 Expected credit loss Credit cost 21 24 Note: /1 Includes Permata's financial performance /2 System refers to all commercial banks in Thailand (source: Bank of Thailand) BBL's coverage ratio System's coverage ratio/2 Bangkok Bank#2222 Manageable asset quality under effective risk management NPL amount Billion Baht 87.4 80.1 79.1 NPL ratio % 108.5 111.0 112.4 104.4 3.9% 3.9% 3.7% 3.7% 3.7% 3.4% 3.4% 2017 2018 2019 2020 Mar-21 Jun-21" Sep-21" /1 2017 2018 2019 2020" Mar-21 Jun-21" Sep-21" Note: /1 Includes Permata's financial position Bangkok Bank#23Healthy funding and liquidity position Loan-to-deposit ratio % Liquid assets/2 % of total assets 98.3% 96.3% 96.3% 92.3% 92.2% 92.8% 89.5% 39.4% 38.1% 38.8% 35.5% 35.3% 34.2% 32.7% 86.7% 86.9% 84.3% 81.6% 80.8% 79.4% 2017 2018 2019 20204 /4 Mar-21' Jun-214 Sep-214 /4 2017 2018 2019 2020 Mar-21 Jun-214 Sep-214 System/1 BBL Deposit Billion Baht, % of composition +11.2% YTD +2.5% QoQ Liquidity coverage ratio/³ % 2,811 2,904 3,047 3,124 2,311 2,326 2,371 311% 314% 43% 42% 288% 43% 42% 271% 287% 291% 283% 49% 48% 47% 58% 57% 58% 57% 51% 52% 53% 178% 184% 180% 186% 183% 180% 187% 2017 2018 2019 2020 Mar-21 Jun-214 Sep-214 2Q18 4Q18 Current and saving Fixed 2Q19 System/1 4Q19 2Q204 4Q204 20214 BBL 23 23 Notes: 1 System refers to all commercial banks in Thailand (Source: Bank of Thailand, Bangkok Bank analysis) /2 Since 2020 liquid assets are defined as cash, interbank and money market items, debt securities and marketable equity securities /3 For BBL, LCR is computed as an average ratio of month-end LCR in the quarter. For System, LCR is as of month. /4 Include Permata's financial position Bangkok Bank#24Solid capital position above minimum requirements Consolidated capital ratios % Capital base Billion Baht +10.6% QoQ +11.8% YTD 561 502 503 507 20.0% 479 102 19.7% 18.2% 18.0% 3.0% 18.3% 18.4% 18.4% 420 36 427 72 14 71 68 68 36 3.6% 1.5% 1.5% 2.6% 2.5% 2.5% 435 415 16.1% 15.8% 15.9% 15.9% 384 390 407 407 410 0.8% 0.8% 0.9% 0.8% 24 14 16.4% 17.0% 15.1% 15.3% 15.0% 14.9% 16.6% 2017 2018 2019 2020 Mar-21 Jun-21 Sep-21 CET 1/ Tier 1 CET1 Tier 1 Tier 2 2017 2018 CET 1/ Tier 1 2019 2020 Mar-21 Jun-21 CET1 Tier 1 Sep-21 Tier 2 Regulatory capital ratio requirements 4.5% 6.0% 8.5% Minimum Common Equity Tier 1 Ratio Minimum Tier 1 Ratio Minimum Total Capital Ratio 2.5% +1.0% Capital Conservation Buffer and D-SIB Buffer 8.0% Common Equity Tier 1 Capital Ratio Requirement 9.5% 12.0% Tier 1 Capital Ratio Requirement Total Capital Ratio Requirement Bangkok Bank#2525 Bangkok Bank ☑2 Operating environment 3Q21 Financial performance 2021 Financial target Bangkok Bank#2626 2021 Financial target Consolidated Loan growth NPL ratio (gross) Net interest margin Net fee income growth Cost to income ratio Expected credit loss 2021 Financial target 3-4% Around 4.5% Around 2.1% 3-4% Low 50s% Around 28,000 million Baht Note: The above financial targets are based on the Bank's preliminary estimates that may change due to the operating environments and other unforeseen circumstances. Bangkok Bank#27Appendix 27 27 Bangkok Bank#28Financial position Dec-17 Dec-18 Dec-19 Dec-20 Jun-21 Sep-21 Million Baht Growth (%) QoQ YTD Loan 2,003,989 2,083,160 2,061,309 2,368,238 2,420,305 2,523,772 4.3% 6.6% Deposit 2,310,743 2,326,470 2,370,792 2,810,863 3,046,985 3,124,277 2.5% 11.2% LDR 86.7% 89.5% 86.9% 84.3% 79.4% 80.8% 1.4% -3.5% NPL/1 87,419 80,137 79,149 104,401 111,035 112,433 1.3% 7.7% NPL ratio/1 3.9% 3.4% 3.4% 3.9% 3.7% 3.7% -0.2% Allowance for ECL to NPL/1 160% 191% 220% 187% 190% 199% 8.6% 12.1% Allowance for ECL to loan 7.0% 7.3% 8.5% 8.2% 8.3% 8.4% 0.1% 0.2% Liquid assets/2 to total assets 34.2% 32.7% 35.5% 35.3% 39.4% 38.8% -0.6% 3.5% CASA 50.7% 52.4% 53.1% 57.0% 57.4% 58.5% 1.1% 1.5% CET1/3 16.6% 16.4% 17.0% 14.9% 15.0% 15.3% 0.3% 0.4% Tier 1 ratio/3 16.6% 16.4% 17.0% 15.7% 15.9% 16.1% 0.2% 0.4% CAR/3 18.2% 18.0% 20.0% 18.3% 18.4% 19.7% 1.3% 1.4% Note: /1 Including interbank and money market lending 28 /2 Since 2020, liquid assets consist of cash, interbank and money market items, debt securities and marketable equity securities /3 Based on Basel III standards issued by BOT since January 1, 2013 Bangkok Bank#29Financial performance - 3Q21 Million Baht 3Q20 2Q21 3Q21 Growth (%) QoQ YoY Net interest income 19,852 20,027 20,705 3.4% 4.3% Net fees and service income 6,380 6,896 7,373 6.9% 15.6% Other operating income 3,189 6,900 6,352 -7.9% 99.2% Total income 29,421 33,823 34,430 1.8% 17.0% Operating expense 19,427 16,289 15,879 -2.5% -18.3% Expected credit loss 5,668 9,810 9,870 0.6% 74.1% Net profit/1 4,017 6,357 6,909 8.7% 72.0% EPS/1 (Baht per share) 2.10 3.33 3.62 8.7% 72.0% NIM 2.18% 2.08% 2.04% -0.04% -0.14% Net fees and service income ratio 21.7% 20.4% 21.4% 1.0% -0.3% Cost to income ratio 66.0% 48.2% 46.1% -2.1% -19.9% ROA/1 0.42% 0.63% 0.65% 0.02% 0.23% ROE/1 3.64% 5.49% 5.74% 0.25% 2.10% Note: 29 /1 Attributable to owners of the Bank Bangkok Bank#30Financial performance - 9M21 9M20 9M21 Million Baht Growth (%) YoY Net interest income Net fees and service income 57,782 60,440 4.6% 18,355 21,603 17.7% Other operating income Total income Operating expense 11,964 17,084 42.8% 88,100 99,127 12.5% 45,830 47,930 4.6% Expected credit loss 23,993 26,006 8.4% Net profit/1 14,783 20,189 36.6% EPS/1 (Baht per share) 7.74 10.58 36.6% NIM 2.28% 2.10% -0.18% Net fees and service income ratio 20.8% 21.8% 1.0% Cost to income ratio 52.0% 48.4% -3.6% ROA/1 0.56% 0.67% 0.11% ROE/1 4.59% 5.79% 1.20% Note: 30 /1 Attributable to owners of the Bank Bangkok Bank#31Network 2018 2019 2020 Sep-21 Branch/1 1,161 -13 1,148 -20 1,128 -10 1,118 ATM/1 9,389 -27 9,362 -312 9,050 -172 8,878 CDM/1 1,296 -17 1,279 -22 1,257 -20 1,237 Employee/2 25,287 -244 25,043 -684 24,359 -1,396 22,963 Note: Consolidated /1 Domestic operation /2 Exclude Permata's employee 31 Bangkok Bank#32Long-standing international presence in 14 economies ASEAN more than 300 branches in Indonesia Other important Economies PermataBank • Singapore 64 years (1) Laos 28 years (2) • Hong Kong 67 years (2) . • Malaysia 62 years (5) . • • Indonesia 53 years (3+300) Vietnam • Philippines 26 years (1) Myanmar 26 years (1) • Japan 66 years (2) • China/1 United States 56 years (1) 35 years (6) • United Kingdom 64 years (1) 29 years (2) • Cambodia 7 years (1) • Taiwan 56 years (3) 32 Note: As of September 2021 /1 Wholly-owned subsidiary (x) is number of locations Source: Bangkok Bank filing Bangkok Bank#33For further information Contact: Investor Relations team Bangkok Bank website Tel (66) 2 626 4981 Email: [email protected] www.bangkokbank.com This presentation is made by Bangkok Bank and may not be copied, altered, offered, sold or otherwise distributed to any other person by any recipient without the consent of Bangkok Bank. 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