#1Bangkok Bank Investor Presentation For 2Q22 Bangkok Bank#22 Bangkok Bank Operating environment 2Q22 Financial performance 2022 Financial target Bangkok Bank#33 0 Rebound of the Thai economy coincided with the reopening of our borders Index sa Q4-19 = 100 130 120 110 100 90 90 80 60 Q4-19 Feb-20 Apr-20 Jun-20 Aug-20 Source: www.bot.or.th Economic Indicator - Demand Oct-20 Dec-20 Feb-21 Apr-21 Jun-21 No. of foreign tourists Aug-21 Oct-21 Dec-21 Feb-22 Apr-22 Index sa Export value excl. gold Q4-19 = 100 120 127.3 Jun-22 110 PII 111.4 108.7 100 10 PCI 90 90 00 80 24.4 10 70 50 60 Economic Indicator - Supply Q4-19 Feb-20 Apr-20 Jun-20 Aug-20 Oct-20 Dec-20 Feb-21 Apr-21 Jun-21 Crop Production 112.9 100.5 MPI 92.4 SPI excl. gold Aug-21 Oct-21 Dec-21 Feb-22 Apr-22 Jun-22 Bangkok Bank#4For Thailand, Omicron impact on activity has been mild compared to previous waves Thailand, Mobility, The Whole Country, Compared to baseline Total Visitors, Retail & Recreation Total Visitors, Workplaces Total Visitors, Grocery & Pharmacy Percent 60 Total Visitors, Transit Stations Length of Stay, Residential Total Visitors, Parks 80 60 60 40 20 0 -20 -40 24 24 2 7 1 11 -20 -80 Mar Apr May Jun Jul Aug-Sep-Oct-Nov-Dec- Jan-Feb- Mar- Apr- May-Jun- Jul-Aug-Sep- Oct-Nov-Dec- Jan-Feb- Mar- Apr- May-Jun- 20 20 20 20 20 20 20 20 20 20 21 21 21 21 21 21 21 21 21 21 21 22 22 22 22 22 21 22 -60 Data Update 27 July 2022 Source: Google, Macrobond Bangkok Bank#5Rebound of the Thai economy coincided with the reopening of our borders VN TW G MY TH KR SG Export Value May 2022 = 25.6 Bn USD (11.3% YoY) Jun 2022 = 26.2 Bn USD (11.1% YOY) Asian Export Performance Ex Gold = 25.3 Bn USD (13.4% YoY) Ex Gold = 25.7 Bn USD (10.7% YoY) 2021 2022 Index sa, 3mma (Jan 2019-100) %YOY Share 2021 2021 Jun 190 H1 H2 H1 Agriculture Fishery Manufacturing 7.2 28.1 23.4 33.3 8.1 0.6 8.8 3.0 14.5 2.9 89.6 23.5 24.4 22.6 10.5 Q1 -3.0 Q2 May Jun (MoMia) 16.2 24.5 22.9 2.5 170 14.1 10.7 10.3 -5.7 -4.3 -10.6 -0.5 11.2 150 10.6 1.0 10 Agro-manufacturing 13.6 13.2 15.3 11.1 11.8 10.3 13.3 17.4 15.0 0.6 130 Flectronics 1:21 18.9 19.0 1138.9 9.3 17.10 2.5 Electrical Appliances Automotive 9.4 19.9 27.3 13.1 3.5 15.3 35.7 51.9 22.3 -4.7 7.8 -0.8 -5.6 -3.6 -24 156 12.1 4.0 -1.0 -2.7 -0.7 -5.4 -3.8 110 Machinery & Equipment 8.2 20.1 27.3 13.8 6.3 5.6 7.0 13.0 8.0 -1.6 90 Petroleum Related 12.7 43.8 34.3 Total (BOP Basis) 53.0 35.7 100.0 19.2 19.2 19.2 29.0 41.5 45.2 37.8 0.2 70 12.0 14.4 Ex. Gold 24.9 26.7 23.2 9.8 9.7 9.6 9.9 11.3 11.1 0.8 13.4 10.7 -0.5 Jan Jul Jan Jul Jan Jul Jan 2019 2020 2021 2022 Ex. Gold & 22.5 25.7 19.5 6.2 7.1 5.3 8.6 6.9 -0.6 Petroleum Related Note: Thai export excludes gold. Indonesian export excludes oil&gas. Hongkong domestic export. Singapore domestic export excludes oil. Source: CEIC, Customs Department, calculated by Bank of Thailand %MoM calculated from seasonally adjusted data, using data since 2018 (subject to revision). P-Preliminary data. Note: Data above are recorded by custom basis, except total export value which is recorded by BOP basis. Custom basis considers recording as goods pass through Customs, while BOP basis considers changes in ownership between residents and non-residents. Source: Compiled from Customs Department's data 5 Source: www.bot.or.th Bangkok Bank#66 Tourism sector Thailand's tourism 15% of GDP Employ 10 M 5% 10% Domestic Foreign Tourists Bangkok Bank#7Tourism sector 2021 2022 2021 H1 No. of tourists ('000) 428 H2 H1 40.4 387.4 2,080.0 497.7 1,582.3 521.4 Q1 Q2 May Jun 767.5 คน 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 7 Source: Bank of Thailand, Economics Tourism and Sports Division 91,255 230,497 293,350 210,836 152,954 133,903 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 521,410 Mar-22 Apr-22 May-22 Jun-22 Bangkok Bank 767,497#88 Impacts on the Thai economy: Activity to rebound after the lifting of lockdown measures and tourism should pick up after border reopening GDP growth YoY (%) 4.2 Global economic recovery Large scale fiscal stimulus Global financial crisis Great floods Strong Baht appreciation up Brexit to taper tantrum US election 7.5 7.2 Collapse in commodity price 5.4 5.0 Exports recovered, easing of lockdown paved way for a recovery in domestic activity Coronavirus outbreak 4.1 4.2 3.1 3.4 3-4% 2.7 2.4 1.7 1.6 0.8 1.0 -0.7 -6.1 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022F Bangkok Bank#99 Thai government urgently needs to work on the new engine of growth for 2022. This will give the Thai economy, the momentum to withstand the global volatility 2021 Export Domestic Consumption Domestic Tourism 2022 Export International Tourism Public Infrastructure FDIS Bangkok Bank#10Headline and Core Inflation % YOY Headline inflation contribution 10 8 Raw food (20.55%) Energy (12.39%) 6 Core Inflation (67.06%) 4 10 10 2 0 -2 ( ) Share in Headline Inflation %YOY Jun 3 7.66% Core inflation contribution Non-Food & Beverage ex. Rent (48.72%) Food & Beverage (29.53%) 2 Rent (21.75%) () Share in Core Inflation Jun 2.51% -6 Jan Jul Jan Jul Jan Jul Jan Jul Jan Jan Jul 2018 2019 2020 2021 2022 2018 Jan 2019 Jul Jan Jul Jan Jul Jan 2020 2021 2022 Bangkok Bank#1111 Components of Thai inflation Apr-22 May-22 4.65 7.10 Jun-22 7.66 CPI Index 4.83 6.18 6.42 Food and Non-Alcohol Drink Raw food 3.47 5.82 5.87 Non-Food 4.54 7.74 8.49 Apparel and footwear -0.17 -0.06 0.10 Housing and Furnishing | 0.98 6.65 6.79 Medical and Personal Care | 0.85 | 1.09 | 0.94 Transportation 10.73 13.14 14.75 21.07 37.24 Energy 39.97 Recreation and Education -0.83 | Tobacco and Alcohol 2.21 Core Inflation 2.00 -0.65 | 2.21 2.25 2.28 2.51 0.11 Bangkok Bank#12Bangkok Bank 12 Operating environment 2Q22 Financial performance 2022 Financial target Bangkok Bank#131H22 Financial Highlights 1H22 profit grew 6.0% YoY driven by higher net Prudent approach has been key to delivering sustainable returns over the years Net profit +6.0% YOY interest income, while maintaining disciplined balance sheet management under market Net interest income uncertainties +13.9% YOY Cost-to-income Net fees and service income ratio -3.8% YoY 50.4% Loan Deposit +2.5% YTD -0.3% YTD NPL ratio 3.4% Coverage ratio 232.5% Loan-to-deposit Tier 1 ratio ratio 84.3% 15.4% • Net interest income rose 13.9% YoY led by higher loan. volume with NIM slightly improved to 2.18%. • • . . Net fee and service income declined from security business, while income from loan related fee increased Loan increased 2.5% from loan to large corporate customers and loans made through international network. NPL remained manageable with strong coverage ratio. Loan to deposit ratio was 84.3%, reflecting high liquidity, and strong capital positions to support sustainable business prospects. 13 Bangkok Bank#14Prudent and diversified approach to loan growth Loan Billion Baht 2,083 2,061 2,368 +2.5% YTD 2,653 2,588 2,588 Loan by business unit % of composition International 25% Corporate 42% Jun-22 Consumer 12% 6% Business 15% Commercial Loan by industry % of composition 23% Others Utility and service 20% 2018 2019 2020 2021 Mar-22 Jun-22 14 Note: Include Permata's financial performance since May 2020 Housing 13% Real estate and construction 8% Agriculture and mining 4% Jun-22 Manufacturing and commercial 32% Bangkok Bank#1515 Net interest income increased on higher loan volume and NIM slightly improved to 2.18% Net interest income Billion Baht 82.2 77.0 71.4 71.1 NIM, Yield on earning asset, Cost of fund % 3.72% 3.72% 3.28% 2.92% 2.96% 2.97% +13.9% YoY 45.3 2.40% 2.35% 2.24% 2.10% 2.12% 2.18% 39.7 1.52% 1.59% 1.19% 0.94% 0.96% 0.92% 2018 2019 2020 2021 1H21 1H22 2018 2019 2020 2021 1H21 1H22 Policy rate 1.750% 1.250% 0.500% 0.500% 0.500% 0.500% MLR 6.250% 6.000% 5.250% 5.250% 5.250% 5.250% MOR 7.125% 6.875% 5.875% 5.875% 5.875% 5.875% NIM Note: Include Permata's financial performance since May 2020 Yield on earning assets Cost of funds Bangkok Bank#16Net fee and service income declined amid challenging market environment Net fees and service income Fees and service income Billion Baht % of composition 28.5 27.6 29.2 24.7 12% 13% 20% 28% 28% 26% 20% 21% 23% 8% 7% 21% 22% 23% -3.8% YoY 7% 21% 19% 6% 14.2 13.7 6% 6% 19% 14% 15% 16% 24% 24% 22% 19% 22% 18% 16% 16% 9% 10% 10% 10% 2018 2019 2020 2021 1H21 1H22 2018 2019 2020 2021 1H21 1H22 16 Note: Include Permata's financial performance since May 2020 Loan related fees Credit card business Transaction services Global market services Bancassurance and mutual funds Other fees and commissions > Bangkok Bank#17Cost to income ratio remained at low 50s%, with discipline cost management Operating expenses Billion Baht Cost to income ratio % 55.2 55.0 66.0 67.3 45.4% 32.1 +2.8% YoY 32.9 41.1% 2018 2019 2020 2021 1H21 1H22 ✓ Permata's expense for 21 May - 31 Dec 2020 and one-time integration expense 17 Note: Include Permata's financial performance since May 2020 55.6% 50.0% 49.5% 50.4% 2018 2019 2020 2021 1H21 1H22 Bangkok Bank#18Asset quality remained manageable with consistent provisioning resulting in strong coverage ratio Expected credit loss (Provision), Credit cost Billion Baht, % NPL amount, NPL ratio Billion Baht, % 1.5% 3.9% 3.4% 3.4% 3.2% 3.3% 3.4% 104.4 101.1 102.3 105.0 80.1 79.1 1.6% 1.4% 1.4% 1.2% 1.1% 34.1 32.4 31.2 2018 2019 2020 NPL amount 2021 Mar-22 Jun-22 NPL ratio 22.0 Loan loss reserve (LLR), Coverage ratio Billion Baht, % 190.9% 220.5% 225.8% 229.1% 232.5% 186.8% 16.1 14.8 162.6% 165.6% 148.8% 149.9% 149.2% 228 234 244 195 153 174 89 113 64 61 2018 2019 2020 2021 1H21 1H22 2018 2019 2020 Expected credit loss Credit cost BBL's excess reserves over BOT requirement BBL's required reserves by BOT 2021 Mar-22 Jun-22 BBL's coverage ratio System's coverage ratio/1 18 Note: Include Permata's financial performance since May 2020 /1 System refers to all commercial banks in Thailand (source: Bank of Thailand) BBL's loan loss reserves Bangkok Bank#1919 Healthy funding and liquidity position Loan-to-deposit ratio Liquid assets/2 % of total assets % 98.3% 96.3% 94.2% 92.3% 92.8% 38.6% 39.2% 89.5% 35.5% 35.3% 37.3% 86.9% 32.7% 84.3% 84.3% 82.0% 81.0% 2018 2019 2020 System/1 2021 Mar-22 Jun-22 2018 2019 2020 2021 Mar-22 Jun-22 BBL Deposit Billion Baht, % of composition Liquidity coverage ratio/3 % 3,157 3,194 -0.3% YTD 3,147 2,811 2,326 2,371 271% 288% 311% 314% 287% 291% 283% 270% 40% 39% 38% 43% 48% 47% 57% 60% 61% 62% 52% 53% 178% 184% 180% 186% 183% 180% 187% 193% 2018 2019 2020 2021 Mar-22 Jun-22 Current and saving Fixed 2Q18 4Q18 2Q19 4Q19 2Q20 4Q20 2Q21 4Q21 System/1 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. Include Permata's financial performance since May 2020 BBL Bangkok Bank#20Solid capital position above minimum requirements Consolidated capital ratios % Capital base Billion Baht 560 554 562 20.0% 479 502 103 100 103 19.6% 19.5% 18.9% 427 71 72 24 24 24 18.0% 3.0% 18.3% 36 24 3.6% 3.5% 1.5% 2.6% 3.5% 457 454 458 390 407 431 20 20 0.8% 0.8% 0.8% 0.8% 2018 2019 2020 2021 Mar-22 Jun-22 Tier 1 AT 1 Tier 2 17.0% 16.4% 15.7% 16.0% 16.0% 15.4% 2018 2019 2020 2021 Mar-22 Jun-22 Tier 1 AT 1 Tier 2 Regulatory capital ratio requirements 4.5% 6.0% Minimum Common Equity Tier 1 Ratio Minimum Tier 1 Ratio 8.5% 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#2121 Bangkok Bank Operating environment 2Q22 Financial performance 2022 Financial target Bangkok Bank#2222 2022 Financial target Consolidated Loan growth NPL ratio (gross) Net interest margin Net fee income growth Cost to income ratio Expected credit loss 2022 Financial target 4-6% Less than 4.0% Around 2.1% Flat growth Low 50s% Around 26,000 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#23Appendix 23 Bangkok Bank#24Financial position Million Baht Dec-19 Dec-20 Dec-21 Mar-22 Jun-22 Growth (%) QoQ YTD Loan 2,061,309 2,368,238 2,588,339 2,587,534 2,652,872 2.5% 2.5% Deposit 2,370,792 2,810,863 3,156,940 3,194,460 3,147,149 -1.5% -0.3% LDR 86.9% 84.3% 82.0% 81.0% 84.3% 3.3% 2.3% NPL/1 79,149 104,401 101,103 102,342 105,046 2.6% 3.9% NPL ratio/1 3.4% 3.9% 3.2% 3.3% 3.4% 0.1% 0.2% Allowance for ECL to NPL/1 220% 187% 226% 229% 233% 4% 7% Allowance for ECL to loan 8.5% 8.2% 8.8% 9.1% 9.2% 0.1% 0.4% Liquid assets/2 to total assets 35.5% 35.3% 38.6% 39.2% 37.3% -1.9% -1.3% CASA 53.1% 57.0% 59.8% 61.3% 62.3% 1.0% 2.5% CET1/3 17.0% 14.9% 15.2% 15.2% 14.6% -0.6% -0.6% Tier 1 ratio/³ 17.0% 15.7% 16.0% 16.0% 15.4% -0.6% -0.6% CAR/3 20.0% 18.3% 19.6% 19.5% 18.9% -0.6% -0.7% Note: /1 Including interbank and money market lending 24 /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#25Financial performance - 1H22 Million Baht 1H21 1H22 Growth (%) YOY Net interest income 39,734 45,273 13.9% Net fees and service income 14,230 13,684 -3.8% Other operating income 10,733 6,345 -40.9% Total income 64,697 65,302 0.9% Operating expense 32,050 32,941 2.8% Expected credit loss 16,137 14,843 -8.0% Net profit/1 13,280 14,079 6.0% EPS/1 (Baht per share) 6.96 7.38 6.0% NIM 2.12% 2.18% 0.06% Net fees and service income ratio 22.0% 21.0% -1.0% Cost to income ratio 49.5% 50.4% 0.9% ROA/1 0.68% 0.65% -0.03% ROE/1 5.83% 5.74% -0.09% Note: 25 /1 Attributable to owners of the Bank Bangkok Bank#26Financial performance - 2Q22 Million Baht 2Q21 1Q22 2Q22 Growth (%) QoQ YOY Net interest income 20,027 21,747 23,526 8.2% 17.5% Net fees and service income 6,896 6,957 6,726 -3.3% -2.5% Other operating income 6,900 2,406 3,940 63.8% -42.9% Total income 33,823 31,110 34,192 9.9% 1.1% Operating expense 16,289 15,507 17,435 12.4% 7.0% Expected credit loss 9,810 6,489 8,354 28.7% -14.8% Net profit/1 6,357 7,118 6,961 -2.2% 9.5% EPS/1 (Baht per share) 3.33 3.73 3.65 -2.2% 9.5% NIM 2.08% 2.11% 2.24% 0.13% 0.16% Net fees and service income ratio 20.4% 22.4% 19.7% -2.7% -0.7% Cost to income ratio 48.2% 49.8% 51.0% 1.2% 2.8% ROA/1 0.63% 0.67% 0.64% -0.03% 0.01% ROE/1 5.49% 5.83% 5.63% -0.20% 0.14% Note: 26 /1 Attributable to owners of the Bank Bangkok Bank#27Network 2019 2020 2021 Jun-22 Branch/1 1,148 -20 1,128 -69 1,059 -92 967 ATM/1 9,362 -312 9,050 -375 8,675 -295 8,380 CDM/1 1,279 -22 1,257 -72 1,185 -132 1,053 Employee/2 25,043 -684 24,359 -1,667 22,692 -1,178 21,514 Note: Consolidated /1 Domestic operation /2 Exclude Permata's employee 27 22 Bangkok Bank#28Long-standing international presence in 14 economies nearly 300 branches in Indonesia PermataBank ASEAN • Singapore 65 years (1) Other important Economies • Laos • Malaysia/1 63 years (5) • • Indonesia 54 years (3+300) • 29 years (2) Philippines 27 years (1) Myanmar 27 years (1) • Hong Kong 68 years (2) . United States 57 years (1) • Japan 67 years (2) • China/1 36 years (5) · United Kingdom 65 years (1) • Vietnam 30 years (2) . Cambodia 8 years (1) . Taiwan 57 years (3) 28 Note: As of June 2022 /1 Wholly-owned subsidiary (x) is number of locations Source: Bangkok Bank filing Bangkok Bank#29For 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. Although all reasonable effort has been made to ensure the facts stated herein are accurate and that the opinions contained herein are fair and reasonable, this document is selective in nature and is intended to provide an introduction to, and overview of, the business of Bangkok Bank. Where any information and statistics are quoted from any external source, such information or statistics should not be interpreted as having been adopted or endorsed by Bangkok bank as being accurate. Neither Bangkok Bank nor any of its directors, officers, employees, and advisors nor any other person shall have any liability whatsoever for loss howsoever arising, directly or indirectly, from any use of this information. The facts and information contained herein are as up to date as is reasonably possible and may be subject to revision in the future. Neither Bangkok Bank nor any of its directors, officers, employees or advisors nor any other person makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this presentation. Neither Bangkok Bank nor any of its directors, officers, employees and advisors nor any other person shall have any liability whatsoever for loss howsoever arising, directly or indirectly, from any use of this presentation. This presentation may contain projections or other forward-looking statements related to Bangkok Bank that involve risks and uncertainties. Readers are cautioned that these statements are only projections and may differ materially from actual future results or events. All forward-looking statements are based on information available to Bangkok Bank on the date of its posting and Bangkok Bank assumes no obligation to update such statements unless otherwise required by applicable law. This presentation does not constitute an offer or invitation to subscribe for, or purchase, any shares of Bangkok Bank. Bangkok Bank