#1CREATING A POSITIVE IMPACT GROWING TRUST, CONNECTING PEOPLE 8 AmBank Group AmBank Group ap AmBank Group Q1FY2023 RESULTS INVESTOR PRESENTATION N 17 AUGUST 2022#2GCEO PRESENTATION Dato' Sulaiman Mohd Tahir 3457 Q1FY23 Financial snapshot Disposal of AmGen - overview Repayment assistance Outlook for 2022#3Financial Snapshot | Q1FY23 Financial snapshot Q1FY23 Financials Income Variance 1,162 (6%) Q1FY22: 1,238 Reasonable start to FY23, lower net provisions driving PATMI growth. Annualised ROE 10% • 544 Expenses 10% Q1FY22: 495 618 (17%) • Q1FY22: 743 64 Impairment (69%) Q1FY22: 203 PATMI 419 8% • Q1FY22:387 10.0% 6% NII growth driven by NIM expansion to 2.12% and higher average loans and deposits balances YoY Lower fee-based income in Insurance, Group Treasury and Investment Banking in volatile market conditions Normalised cost up 2% as Q1FY22 benefited from bonus accruals reversal CTI of 46.8% (Q1FY22: 40.0%) Net impairment charge significantly lower. RM30mil central overlay for corporate exposures. Total overlay carried forward RM424mil Lower impairment charge driving PATMI higher Profitability PBP (RM' mil) ROE Q1FY22: 10.0% • ROTE: 10.4% Visible corporate loans pipeline in Q2 Time deposits grew 3% YTD; CASA ratio 32.6% (FY22: 35.2%) 120.1 Assets & Liabilities Gross Loans FY22: 120.0 (RM' bil) Customer Deposits 121.4 FY22: 122.6 (1%) FHC CET1 Capital & Liquidity (with Transitional Arrangements ("TA")) 12.38% FY22: 12.20%¹ 0.2% • 153.0% FHC LCR (5.5%) • Highly liquid FY22: 158.5% 1. After deducting proposed dividend AmBank Group Q1FY23 Results - Investor Presentation FHC CET1 (without TA) = 11.96% (FY22: 11.65%¹) 3#4Disposal of AmGen | Disposal of AmGen - Overview Corporate Structure - Before and After disposal AMMB AMMB IAG 100% 51% 49% AGHB 100% AGIB AGHB 30% Existing structure Notes: " AMMB: AMMB Holdings Bhd AGHB: AmGeneral Holdings Bhd ◉ AGIB: AmGeneral Insurance Bhd ("AmGen") LMIC 70% Combined businesses of AGIB & LIB Final structure IAG: IAG International Pty Ltd Gain / (Loss) on Disposal RM'mil Position at Total consideration (cash & shares) Net assets disposed (before goodwill) Gain on Disposal (pre-goodwill) Goodwill from Kurnia's acquisition Transaction expenses Net Loss on Disposal Attributable to shareholders of AMMB Attributable to non-controlling interests (IAG) 30 June 22 2,362.6 (1,668.1) 694.5 (778.9) (20.0) (104.4) 4.8 (109.2) (104.4) " LIB: Liberty Insurance Bhd LMIC: Liberty Mutual Insurance Company Impact to capital ratios (without TA) CET 1 1. AMMB disposed AGIB to LIB for a total consideration of RM2,363 million* 2. 3. 4. IAG exits completely. AMMB and LIB own 30% and 70% equity interest respectively in the combined AGIB/LIB business AMMB received RM304 million* cash consideration and 30% equity interest valued at RM959 million* AMMB to account for this 30% equity interest as an associate undertaking 5. AMMB entered into a 20-year bancassurance partnership with LIB * Numbers updated to reflect position as of 30 June 2022 AmBank Group Q1FY23 Results - Investor Presentation + 0.25% TCR: 15.48% TCR: 15.73% 11.96% 12.21% Q1FY23 Proforma Q1FY23 Notes: TCR = Total Capital Ratios 1. FHC CET1 is expected to improve by approximately 0.25% 4#5Repayment Assistance | Repayment assistance loans declining Repayment assistance by type of borrowers (RM' bil) Retail SME Corporate 32% of total gross loans 36.5 30% of total gross loans 33.7 4.3 2.61 18% of total gross loans 11.0 10.7 16% of total 20.4 gross loans 4.0 SME: Repayment assistance by MIA status MIA 1 0.19 bil 12% MIA 2 0.04 bil 3% MIA ≥3 0.07 bil 4% Total Assistance: RM1.6bil ΜΙΑ Ο 1.32 bil 81% 17.8 2.21 4.7 6% of total igross loans 5% of total Retail: Repayment assistance by MIA status 21.2 9.0 gross loans 20.4 6.62 5.52 11.7 1.81 1.41 6.7 2.0 1.6 MIA 2 0.16 bil 6% MIA ≥3 0.15 bil 6% 2.8 2.5 % of total As at gross loans 3 Jul 21 As at 13 Aug 21 MIA 1 As at As at As at As at 0.37 bil 12 Nov 21 18 Feb 22 13 May 22 31 July 22 15% Retail 10% 18% 18% 6% 2% 2% SME 4% 10% 10% 8% 2% 2% Total Assistance: RM2.5bil Corporate 4% 4% 2% 2% 2% 1% 1. 2. Outstanding Corporate R&R loans (previous periods based on approved Corporate R&R amount) Inclusive of PHRA re-enrolment detailed on pg 6 AmBank Group Q1FY23 Results - Investor Presentation ΜΙΑ 0 1.84 bil 73% 5#6Repayment Assistance | PHRA¹ - Expiry and Rollover Retail (RM' bil) Re-enrollment Retail SME (RSME) (RM' bil) Re-enrollment Total re-enrolment as of 31 July 2022 (a) + (b) : RM2.15 bil 20.4 8.2 2.4 1.5 0.4 1.1 2 0.8 1.6 0.5 6.6 2.8 2.5 0.7 0.3 1.6 1.5 0.2 1.2 1.0 0.1 12 Nov 21 18 Feb 22 13 May 22 31 July 22 12 Nov 21 5 Feb 22 13 May 22 31 July 22 Re-enrolment³ (a) RM1.49bil Re-enrolment³ (b) 1. PHRA = Payment Holiday/Repayment Assistance 2. 3. RM1.6bil total SME loans under Repayment Assistance (pg 5), of which RM0.8bil relate to RSME Re-enrolment to programmes includes URUS (RM0.16 bil) and AmBank's Repayment Assistance Programme (RM1.99 bil) Q1FY23 Results - Investor Presentation AmBank Group RM0.66bil 6#7Market Outlook | Outlook for 2022 GDP Growth 6.4% to 6.7% MALAYSIA Inflation $$$0 2.8% to 3.0% Loans growth 5.0% to 6.0% Asset Quality CY Calendar Year Stable AmBank Group Q1FY23 Results - Investor Presentation Export growth 25.0% to 26.0% USD/MYR outlook 4.35 to 4.40 OPR 2.50% to 2.75% BANKING (1 or 2 rate hikes; +25bps each during H2CY22) SECTOR $ Liquidity & capital positions Resilient 7#8GCFO PRESENTATION Jamie Ling 9-24 Financial Overview#9Financial Overview | Q1FY23 Financial overview 1 Capital, Liquidity and Funding • • Adequate loss absorption capacity CET1 at 12.38%; without Transitional Arrangements, CET1 at 11.96% Highly liquid (FHC LCR of 153.0%, LDR 99.0%) 2 Q1FY23 Results (QoQ) • • Income of RM1,162mil - NII of RM863mil, up 6%. NIM of 2.12% (Q4FY22: 2.00%) Noll at RM298mil, down 4% mainly due to lower Insurance income Expenses down 2% to RM544mil, CTI at 46.8% (Q4FY22: 49.6%) • PBP up 9% to RM618mil • Net impairment charge of RM64mil (Q4FY22: RM51mil) included RM30mil additional overlay for corporate exposures Total overlay reserves carried forward RM424mil (Retail Banking: RM363mil, Business Banking: RM31mil, Wholesale Banking: RM30mil) Q1FY23 PATMI of RM419mil, with annualised ROE of 10.0% AmBank Group Q1FY23 Results - Investor Presentation 9#10Financial Overview | Q1FY23 Performance summary - P&L P&L (RM' mil) Q4FY22 Q1FY23 QoQ Change Q1FY22 YoY Change Total Income 1,123 1,162 3% 1,238 (6%) Expenses 557 544 (2%) 495 10% PBP 566 618 9% 743 (17%) Net Impairment 51 64 24% 203 (69%) PBT 514 554 8% 540 3% PATMI 392 419 7% 387 8% Financial Indicators Q4FY22 Q1FY23 QoQ Change Q1FY22 YoY Change CTI NIM ROE Basic EPS (sen)¹ Net Assets per Share (RM) 49.6% 46.8% (2.8%) 40.0% 6.8% 2.00% 2.12% 0.12% 2.08% 0.04% 9.5% 10.0% 0.5% 10.0% ≈2 11.83 12.66 7.0% 11.86 6.7% 5.06 5.14 1.6% 4.81 6.9% 1. Computed based on weighted average number of shares AmBank Group Q1FY23 Results - Investor Presentation 10#11Disposal of AmGen Disposal of AmGen - Proforma Financial Effects Proforma Financial Effects post Proposed Disposal (Full Financial Year) FY2021 FY2022 YoY Movement RM'mil NII Proforma¹ AmGen Hldg² As Reported³ Proforma¹ AmGen Hldg² As Reported³ Proforma¹ AmGen Hldg² As Reported³ 2,823 113 2,935 3,167 108 3,275 12% (4%) 12% ΝΟΙΙ 1,114 503 1,617 966 424 1,390 (13%) (16%) (14%) Income 3,937 616 4,552 4,133 532 4,665 5% (14%) 2% Expenses (1,776) (357) (2,132) (1,775) (319) (2,094) 22 (10%) (2%) PBP 2,161 259 2,420 2,359 212 2,571 9% (18%) 6% (Impairment)/Writeback (1,139) 3 (1,137) (768) 2 (766) (33%) (35%) (33%) PBT 1,022 262 1,283 1,591 214 1,805 56% (18%) 41% PAT 8434 233 1,0764 1,407 187 1,595 67% (19%) 48% PATMI CTI 8434 1195 9624 1,407 955 1,503 67% (19%) 56% 45.1% 57.9% 46.8% 42.9% 60.1% 44.9% (2.2%) 2.2% (1.9%) Proforma Financial Effects post Proposed Disposal (Quarterly) Q1FY22 Q1FY23 YoY Movement RM'mil NII Proforma¹ AmGen Hldg² As Reported³ Proforma¹ AmGen Hldg² As Reported³ Proforma¹ AmGen Hldg² As Reported³ 792 27 818 831 32 863 5% 21% 6% ΝΟΙΙ 284 135 420 217 81 298 (24%) (40%) (29%) Income 1,076 162 1,238 1,048 113 1,162 (3%) (30%) (6%) Expenses (421) (74) (495) (465) (79) (544) 10% 7% 10% PBP 655 88 743 584 34 618 (11%) (61%) (17%) (Impairment)/Writeback (203) 0 (203) (66) 2 (64) (68%) >100% (69%) PBT 452 88 540 518 36 554 15% (59%) 3% PAT 350 73 422 404 30 434 16% (59%) 3% PATMI 350 375 387 404 155 419 16% (59%) 8% CTI 39.1% 45.5% 40.0% 44.3% 69.8% 46.8% 5.2% 24.3% 6.8% Notes: 1. Excludes 100% AmGeneral Holdings Berhad Group's reported numbers 5. After 49% minority interest deduction 2. AmGen Hldg = AmGeneral Holdings Berhad 3. As reported in AMMB's financial statements 4. Excludes exceptional one-off items: (i) Settlement: RM2,830mil; (ii) Goodwill and other impairment: RM1,937mil; and (iii) Settlement related legal and professional expenses: RM21mil AmBank Group Q1FY23 Results - Investor Presentation 11#12Financial Overview | Q1FY23 Performance summary - Balance Sheet Balance Sheet (RM' bil) Gross Loans¹ GIL1 LLC1,2 Customer Deposits CASA Q4FY22 Q1FY23 QoQ Change Q1FY22 YoY Change 120.0 120.1 ≈2 113.5 6% 1.40% 1.55% 0.15% 1.59% (0.04%) 139.2% 123.3% (15.9%) 126.7% (3.4%) 122.6 121.4 (1%) 114.1 6% 43.1 39.6 (8%) 34.1 16% Capital Indicators (without TA) Q4FY223 Q1FY23 QoQ Change Q1FY22 YoY Change FHC CET1 11.65% 11.96% 0.31% 11.32% 0.64% FHC Tier 1 11.65% 11.96% 0.31% 11.32% 0.64% FHC Total Capital 15.18% 15.48% 0.30% 14.90% 0.58% Liquidity Ratios Q4FY22 Q1FY23 QoQ Change Q1FY22 YoY Change FHC LCR 158.5% 153.0% (5.5%) 198.0% (45.0%) LDR (Loan-to-Deposit) 97.9% 99.0% 1.1% 99.4% (0.4%) LTAF1,4 82.6% 84.3% 1.7% 83.6% 0.7% 1. Restatement of Q1FY22 numbers due to reclassified unrated bonds/sukuk from loans to financial investments in Q4FY22 2. With regulatory reserves 3. After deducting proposed dividend 4. Loan-to-Available-Funds ratio (LTAF) refers to gross loans (excluding financing funded by Islamic Investment Accounts and loans sold to Cagamas) divided by deposits plus borrowings and sub debt AmBank Group Q1FY23 Results - Investor Presentation 12 12#13Income | Step up in Banking revenues QoQ Business Segments Q4FY22 Q1FY23 QoQ Change Q1FY22 YoY Change (RM' mil) Wholesale Banking 303 331 9% 314 Investment Banking 78 75 (4%) 97 6% (23%) Retail Banking 409 446 9% 424 Business Banking 147 156 6% 141 Group Funding & Others 47 39 (16%) 75 5% 11% (48%) Total Income - Banking 984 1,047 6% 1,051 ≈2 General Insurance 131 113 (14%) 162 139 115 (17%) 187 Life Insurance 8 2 (80%) 25 (30%) (94%) (39%) Total Income 1,123 1,162 3% 1,238 (6%) Underlying Underlying Underlying 1,150 1,132 1,157 1,073 1,205 1,087 1,135 1,099 1,139 RM' mil 1,238 1,092 1,155 1,176 1,183 1,129 1,121 1,123 1,162 420 338 326 415 397 479 (56)1 www(33) (23) (19)1 581 298 321 311 (48)1 wwwww(22) (34)1 (24)1 740 779 803 818 845 863 800 812 614 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Net Interest Income ■Non-interest Income 1. Net modification impact-loss/ (unwinding) AmBank Group Q1FY23 Results - Investor Presentation 13#14PBP & PATMI | Improved operating leverage QoQ Business Segments Q4FY22 Q1FY23 QoQ Change Q1FY22 YoY Change (RM' mil) Wholesale Banking 239 272 14% 250 8% Investment Banking 31 31 1% 56 (45%) Retail Banking 198 230 16% 220 5% Business Banking 101 110 8% 107 3% Group Funding & Others (58) (60) (3%) (3) (>100%) PBP - Banking 511 582 14% 630 (8%) General Insurance 48 34 (30%) 88 (61%) 55 36 (35%) 113 (68%) Life Insurance 8 2 (80%) 25 (94%) PBP 566 618 9% 743 (17%) PBP (LATMI) / PATMI ROE 7.7% 5.4% 4.9% 10.0% 9.8% 9.5% 10.0% 7.9% RM' mil 743 631 631 605 554 365 264 237 387 654 607 403 321 566 392 618 419 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 (4,693) -103.4% AmBank Group Q1FY23 Results - Investor Presentation 14#15Group P&L | P&L walk NIM Noll % CTI Effective Tax Rate Q1FY23 2.12% 25.7% 46.8% 21.6% Q1FY22 2.08% 33.9% 40.0% 21.6% YoY Growth ▲ 7% (29%) (32%) (6%) 10% (17%) (69%) ▲ 3% 2% ▲ 3% (59%) 8% 387 56 121 10 10 49 139 2 21 419 RM' mil Net Interest Income Non-Interest Income Net mod impact Total Income Expenses PBP Impairment PBT Tax & Zakat PAT MI PATMI Q1FY23 841 298 22 1,162 544 618 64 554 120 434 15 419 Q1FY22 785 420 33 1,238 495 743 203 540 118 422 36 387 Positive growth in Q1FY23 Contraction in Q1FY23 AmBank Group Q1FY23 Results - Investor Presentation 15#16NIM | NIM expansion at the back of OPR rise Net Interest Margin (NIM) Movement (QoQ) bps 200 6.1 194 Divisions 3.0 4.1 0.2 0.4 2.1 0.9 Funding + Deposits 1.4 YoY NIM Q1FY23: Reported: 2.12% (4bps) Underlying: 2.06% (▲ 7bps) Q1FY22: Reported: 2.08% Underlying: 1.99% 9.6 Underlying: 12bps 5.6 Reported: 12bps 206 212 Q4FY22 Reported Net Q4FY22 modification Underlying impact Retail Banking Wholesale Investment Banking Banking Business Banking General Insurance Asset mix Interbank / Group Funding Deposits Q1FY23 Underlying Net Q1FY23 modification Reported impact Positive growth in Q1FY23 Contraction in Q1FY23 NIM Trend Gross Yield COF NIM 3.95% 3.77% 3.84% 3.73% 3.72% 3.68% 3.73% 3.80% 3.65% 3.72% 2.62% 2.15% 2.07% 2.08% 2.03% 2.03% 2.09% 2.00% 2.12% 2.06% 1.92% 1.96% 1.86% 1.84% 1.84% 1.59% 1.82% 1.84% 1.86% 1.85% Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q1FY23 excluding AmBank Group Q1FY23 Results - Investor Presentation net mod impact 16#17Noll | Lower fee-based income, investment and trading income YoY Growth 12% (53%) (27%) (34%) 25% 12% (40%) (94%) (21%) (29%) 420 3 24 24 23 23 11 9 4 55 24 24 1 298 Corporate & RM' mil Transaction Group Treasury Investment Banking & Group Wealth Mgmt Other Retail Business Banking General Insurance Life Insurance Funding & Noll Banking & Markets Fund Mgmt Others Q1FY23 31 21 62 21 44 33 81 2 4 298 Q1FY22 28 45 85 32 35 30 135 25 5 420 Positive growth in Q1FY23 Contraction in Q1FY23 Q1FY22 Noll Q1FY23 Noll AmBank Group Q1FY23 Results - Investor Presentation 17#18Expenses | Improved CTI QoQ to 46.8% (Q4FY22:49.6%) Business Segments Q4FY22 Q1FY23 QoQ Change Q1FY22 YoY Change (RM' mil) Wholesale Banking 65 60 (8%) 63 (6%) Investment Banking 47 44 (7%) 41 8% Retail Banking 212 216 2% 204 6% Business Banking 45 46 2% 34 35% Group Funding & Others 105 99 (6%) 79 26% Expenses - Banking 474 465 (2%) 421 10% General Insurance 83 79 (5%) 74 7% Expenses 557 544 (2%) 495 10% Expense Growth Driver (YoY) RM' mil 495 4 4 15 37 11 544 Expense and CTI Trend RM' mil 49.6% 49.3% 45.4% 46.4% 46.5% 45.8% 44.7% 46.8% 40.0% 539 545 557 544 524 525 529 514 495 Q1FY22 Bonus Accrual Other Staff Cost Admin & Sales & General Marketing Others Q1FY23 Reversal in Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q1FY22 Positive P&L impact in Q1FY23 Negative P&L impact in Q1FY23 a AmBank Group Q1FY23 Results - Investor Presentation 18#19Loans | Modest loans growth with good corporate loans pipeline visibility in Q2 Gross Loans Movement (RM' bil) Breakdown by rate sensitivity: Fixed rate 20% Variable rate -80% Breakdown by concept: Islamic - 33% Conventional - 67% Breakdown by customers' type: Retail -56% ROA¹: 1.00% ROTA¹: 1.00% Non-retail 44% YTD Growth (2%) (4%) 2% 2% 1% (1%) 1% 1% 5% Composition 13% 12% 2% 16% 36% 10% 2% 4% 5% 0.1 0.3 120.0 0.3 0.6 22 0.3 0.5 0.2 Q1FY23 FY22 FY21 Gross loans trend (RM'bil) YTD Growth Industry 120.1 =2 1%2 120.0 112.7 6% 5%³ ▲ 5% 4%3 ≈2 100% 120.1 FY22 MidCorp Large Corp & Others Investment Banking Business Banking Mortgage Auto Finance Cards & Personal Financing Retail SME COOP & ASB Q1FY23 Financing Wholesale (3%) Retail 1% 723 1. Annualised 2. Based on BNM data from end Mar'22 to end June'22 3. Based on BNM data and in accordance with AMMB's financial period Positive growth in Q1FY23 Contraction in Q1FY23 AmBank Group Q1FY23 Results - Investor Presentation 19#20Asset Quality | Lower net impairment charges YoY Net Impairment (YoY Movement) Loan Loss Coverage¹ RM' mil 114.0% 93.4% 139.2% 124.1% 123.3% 203.2 87.2 30.0 6.6 63.9 116.0 33.9 0.2 70.1 14.0 4.5 Q1FY22 Overlay Q1FY22 before overlay ECL Stage 1 & ECL Stage 3 Individual Allowance Recoveries Others Q1FY23 before Overlay Q1FY23 FY19 FY20 FY21 FY22 Q1FY23 2 overlay Positive P&L impact in FY22 Negative P&L impact in FY22 Gross Impaired Loans and GIL Ratios 1. Includes regulatory reserve of RM450m (FY19), RM388m (FY20), NIL (FY21), RM103m (FY22) and RM130m (Q1FY23) Credit Cost and New Impaired Loans Formation Retail Business RM' mil 1.73% 1.59% Wholesale ■GIL Ratio AmBank Group FY20 FY21 FY22 Q1FY22 Q1FY23 1.57% Net credit cost² (%) 0.30% 0.81% 0.26% 0.67% 3,4 0.20%4 1.40% 1.55% Credit cost² 1,853 1,864 0.62% 1.12% 0.46% 0.87% 3,4 0.44%4 1,770 1,676 (excl. recoveries) (%) 1,621 283 279 260 217 266 405 646 New Impaired Loans (RM'mil) 1,491 990 1,357 415 703 628 517 676 1,180 2. Includes loan loss allowances only 924 882 893 728 3. Restatement of Q1FY22 numbers due to reclassified unrated bonds/sukuk from loans to financial investments in Q4FY22 4. Annualised FY19 FY20 FY21 FY22 Q1FY23 AmBank Group Q1FY23 Results - Investor Presentation 20 20#21Asset Quality | Vigilant monitoring of sector exposure Impaired Loans by Sector Loans by Internal Risk Grade Strong Very Strong Satisfactory Moderate Marginal Substandard Impaired 4% Mar'22 June'22 Sector Composition QoQ Change RM' mil RM' mil Agriculture 9 8 ≈2 (12%) 6% Mining and quarrying 176 84 5% (52%) 23% Manufacturing 227 203 11% (10%) Oil & Gas¹: RM2.0bil Electricity, gas and water 4 5 12% 67% Construction 113 150 8% 33% Wholesale, retail trade, hotels and restaurants 170 198 11% 16% 3% 10% Transport, storage and 19 20 1% 6% communication Finance and insurance 1 1 3% Real estate 188 194 10% 3% Construction: RM4.3bil 53% 34% Business activities 38 48 3% 27% Education and health 6 9 45% Household of which: 725 944 51% 30% 3% 3% - Residential Properties 540 680 37% 26% - Transport Vehicles 80 111 6% 38% - Others 105 153 8% 46% 36% Real Estate: RM6.7bil Total 1,676 1,864 100% 11% 58% AmBank Group Q1FY23 Results - Investor Presentation 1. Categorised under "Mining and quarrying" sector in Financial Statement 21#22Deposits | Highly liquid Deposits (RM' bil) CASA (RM' bil) and CASA Composition (%) CASA Trend Customer Deposits Trend YTD Growth Industry Q1FY23 (1%) 1%1 Q1FY23 121.4 FY22 122.6 2% 5%² FY22 FY21 120.5 7% 6%2 FY21 Retail FD I Non-Retail FD AmBank Group Deposits Market Share (%) Retail CASA Non-Retail CASA Retail CASA YTD Growth Industry 39.6 (8%) 3%1 43.1 21% 6%2 35.8 24% 21%2 Non-Retail CASA CASA Composition (%) 35.2% 32.6% 30.7% 29.9% 30.0% 43.1 39.6 5.8% 5.6% 1 5.5% 5.4% 5.5% 124.7 122.6 121.4 114.1 115.9 19.7 23.0 20.4 17.6 18.2 37.4 35.6 34.1 23.0 20.4 19.7 18.2 17.6 51.2 45.8 46.3 46.6 45.6 17.7 20.1 19.2 17.4 16.5 20.1 19.2 16.5 17.4 17.7 33.4 34.7 36.1 33.7 35.5 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Retail Deposit Mix 43.8% 44.9% 43.1% 43.9% 45.1% Retail CASA 48.5% Mix 48.8% 47.4% 46.6% 48.5% 1. Based on BNM data from end Mar'22 to end June'22 2. Based on BNM data and in accordance with AMMB's financial period AmBank Group Q1FY23 Results - Investor Presentation 222 22#23Capital | Capital build on track RWA/Total Assets RM' bil Total Assets 1 RWA/Total Assets 2 Peers 65.0% 64.4% FHC Capital Adequacy Ratios³ CET 1/Tier 1 Total CAR 66.7% 67.4% 65.5% 15.80% 15.43% 15.18% 15.48% 15.32% 15.64% 14.48% 14.14% 58.4% 58.5% 58.1% 56.8% 57.2% 11.89% 12.44% 11.65% 11.96% 12.20% 12.38% 11.33% 10.42% 169.2 170.2 174.9 178.6 158.8 FY19 FY20 FY21 FY22 Q1FY23 FY19 FY20 FY21 FY22 1. FHC RWA/Total Assets 2. Based on an average of our seven peer domestic banks as at 31 March 2022 FHC CET1 (YOY Movement) 12.20% 0.33% 11.65% 0.02% 0.55% 3. After deducting proposed dividends 4. TA = Transitional Arrangements 0.08% 4 without TA 11.96% 0.07% Q1FY23 FY21 FY22 4 with TA 0.41% 12.38% Q1FY23 FY2022 (with TA after TA Proposed Dividend) FY2022 (without TA after Proposed Dividend) Profit for Q1FY23 Transfer from Reg RWA5 Others Reserve to RE Q1FY23 (without TA) TA Q1FY23 (with TA) 5. Credit RWA: -0.03%; Market RWA: 0.11% AmBank Group Q1FY23 Results - Investor Presentation 23#24Summary | Q1FY23 Summary B Пе Resilient performance Banking revenues flat YoY; up 6% QoQ OPR increase provides NII upside, but expect market volatility to persist in Q2FY23 Cost efficiency Target 45% Cost to Income ratio; slight negative jaws Pacing investments against revenue outlook Credit profile PHRA volumes reducing Top up overlays Balance Sheet strength Completion of partial Insurance divestiture in Q2FY23 (30% associate post completion) CET1 capital accretion on track, Q1FY23 ROE 10% (annualised) AmBank Group Q1FY23 Results - Investor Presentation 24#25THANK YOU#26Q1FY23 Results | Yearly performance PATMI/ (LATMI) (RM' mil) & ROE (%) PATMI/ (LATMI) 8.8% 7.4% ROE (%) PATMI: YoY Growth A ROE: Total Income (RM' mil) and Non-interest Income (%) Total Income Non-interest Income % 8.4% 10.0% YoY Growth Total Income: 10.0% CAGR FY19-FY22 ▲ 5.9% Total Income: YoY Growth (6.2%) 34% 34% 36% 34% 9.3% 30% 1,505 1,341 1,503 387 419 FY19 FY20 FY21 FY22 Q1FY22 Q1FY23 (3,826) -20.2% 4,552 4,665 4,227 3,922 26% 1,238 1,162 FY19 FY20 FY21 FY22 Q1FY22 Q1FY23 Cost to Income Ratio and Expenses Growth (%) CTI Expenses Growth CTI Avg improvement (FY19-FY22) (3.1%) ROA (%) and EPS (Basic) EPS ⚫ ROA Expenses: CAGR FY19-FY22 (0.6%) 1.08% 0.93% 54.3% YoY variance 6.8% 49.9% 46.8% 44.9% 46.8% 40.0% 50.0 44.6 9.9% 1.1% -1.1% -1.8% -12.0% -8.2% FY19 FY20 FY21 FY22 Q1FY22 Q1FY23 AmBank Group Q1FY23 Results - Investor Presentation ROA: YoY EPS: YoY Growth 6.7% 0.94% 1.01% 1.00% 45.5 11.9 12.7 FY19 FY20 FY21 FY22 Q1FY22 Q1FY23 (127.2) (2.24%) 26#27Noll & PATMI Non-interest income and PATMI mix Non-interest Income by Lines of Business (YoY) (21%) (49%) Insurance 28% Other Retail 8% 9% 53% 12% Others Corporate and 1% Transaction Banking 10% (53%) (21%) Group Treasury (28%) Others 1% & Market 7% Wholesale PATMI by Lines of Business (YoY) ▼(73%) Insurance¹ 4% (39%) ▲ 4% Business Banking 16% Insurance Banking 17% 28% Other IB businesses 5% (49%) Non-interest (27%) income RM298 mil Equity Markets 4% (40%) Investment (29%) Banking 21% ▼ (3%) Retail Banking 22% Business Banking 11% 12% Cards 7% Business Wealth Management 7% Banking 11% (34%) AmBank Group Q1FY23 Results - Investor Presentation 12% Fund Management 12% ▼(15%) Group Funding & Others (15%) PATMI RM419 mil ▲ 8% ▼(45%) Investment Banking 6% Wholesale Banking 54% 1. After deducting share of minority interests 59% Retail Banking 35% 9% 27#28Asset Quality | Impairments Net Impairment / (Writebacks) and GIL Ratio 1. Total impairments by category (RM' mil) Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 QoQ Change YoY Change ECL Stage 1 & 2 / CP - Non defaulted ECL Stage 3/CP - Defaulted Individual Provisions Recoveries 122 124 (56) (561) (6) (99%) (>100%) 118 85 98 557 125 (78%) 6% 12 21 304 3 12 >100% (1%) (57) (61) (48) (74) (71) 4% (24%) Other Provisions¹ 8 5 40 127 4 (97%) (51%) Total net impairments 203 174 338 51 64 24% (69%) Total impairments by divisions (RM' mil) Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 QoQ Change YoY Change Wholesale Banking 68 101 258 586 (21) (>100%) (>100%) Investment Banking (2) (8) (0) (2) (0) 86% 86% Retail Banking Business Banking Group Funding & Others General Insurance Total net impairment 42 (5) 43 77 38 (51%) (11%) 22 52 (1) (29) 19 >100% (14%) 72 32 39 (578) 30 >100% (58%) (0) 1 (1) (2) (2) (9%) (>100%) 203 174 338 51 64 24% (69%) GIL Ratio Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 QoQ Change YoY Change Wholesale Banking 2.08% 1.84% 1.98% 1.66% 1.34% (0.32%) (0.74%) Investment Banking 0.02% 0.01% 0.01% 0.00% 0.00% N/A (0.02%) Retail Banking 1.34% 1.30% 1.12% 1.31% 1.71% 0.40% 0.37% Business Banking 1.90% 1.66% 1.44% 1.42% 1.47% 0.05% (0.43%) Group 1.59% 1.47% 1.37% 1.40% 1.55% 0.15% (0.04%) Industry 1.62% 1.57% 1.44% 1.55% 1.65% 0.10% 0.03% Includes trade & sundry debtors and provision for contingencies AmBank Group Q1FY23 Results - Investor Presentation 28#29Loans | Loans by sector vs industry AmBank Group (RM' bil) Loans 2% Composition YTD Growth 6% Jun'22 2% 13% 1% 3% 9% 4% 146 ▲ 6% ▼(1%) (1%) 4% 6% 146 1% 55% ▼(10%) 2% (9%) 1% ▼(1%) 15.9 2.5 4.3 10.4 5.0 6.7 2.1 1.3 4.8 1.3 65.8 0.0 100% 120.1 Agriculture Mining & Quarrying Manufacturing Electricity, Gas & Water Construction Wholesale, Retail, Hotels & Restaurant Transport, Storage & Com Finance, Insurance, Real Estate Education & Health Household Others Total Loans & Biz Act 34.4 9.3 141.2 21.1 46.4 88.8 163.2 55.2 122.4 112.3 12.9 ■Jun'22 Loans 2% Composition YTD Growth 1,157.8 1,964.8 ≈2 7% 1% 5% 8% 2% 6% 6% 3% 59% 1% 100% 6% (1%) ▲ 2% ▲ 13% Industry (RM' bil) Source: BNM, financial statements AmBank Group Q1FY23 Results - Investor Presentation 22 ▲ 4% ▲ 2% (1%) =2 (2%) 1% ▼(9%) ▲ 1% 29#30Divisional Performance#31Wholesale Banking | Wholesale Banking Total Income (YoY Movement) and Assets by Line of Business 21% Transaction Banking 20% Total Income RM331.1 mil 6% Transaction Group Treasury & Markets 62% Wholesale Banking 7% Wholesale Banking Coverage 32% Banking Coverage 31% Total Assets RM81.7b Group Treasury & Markets 48% 6% AmBank Group Q1FY23 Results - Investor Presentation (3%) PAT Trend (RM' mil) 143 127 22 QoQ Growth: YoY Growth: 227 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 (255) N/M 59% Corporate Banking Loan Disbursement and Repayment Disbursement QoQ Mvmt: *Disbursement YoY Mvmt: (41%) (47%) Disbursement ■Repayment Repayment QoQ Mvmt: 34% *Repayment YoY Mvmt: (1%) Q1FY22 N/M Not Meaningful Q2FY22 Q3FY22 Q4FY22 Q1FY23 *Note: YoY mvmt - Q1FY23 vs Q1FY22 31#32Wholesale Banking | Wholesale Banking Income Statement YoY Growth 16% (28%) 6% (6%) ▲ 8% (>100%) 60% 65% 59% RM' mil Net Interest Income Non-Interest Income Total Income Expenses PBP Impairment PBT Tax PAT Q1FY23 279 52 331 60 272 (21) 292 66 227 Q1FY22 241 73 314 63 250 68 182 39 143 Q1FY23 PAT Q1FY22 PAT Positive growth in Q1FY23 Contraction in Q1FY23 Balance Sheet (RM' mil/%) Key Ratios FY22 Q1FY23 YTD Change FY22 Q1FY23 YTD Change Gross Loans/Financing 31,063 30,215 (3%) GIL Ratio 1.66% 1.34% (0.32%) Gross Impaired Loans 517 405 (22%) CTI 19.8% 18.0% (1.8%) Customer Deposits 53,561 52,458 (2%) Loan Loss Coverage 160.9% 176.4% 15.5% CASA 15,296 13,809 (10%) ROA¹ 0.05% 1.16% 1.11% 1. Annualised AmBank Group Q1FY23 Results - Investor Presentation 32#33Investment Banking | Investment Banking League Table Market Share¹ As At 30 June 2022 Rank² DCM (Overall MYR Bonds) 11.1% Islamic Sukuk Unit Trust Market Share of Value and Volume Traded on Bursa (KLSE)¹ Trading Value -Trading Volume 4.1% 3.9% 4 3.6% 3.2% 3.2% 11.0% 4 4.8% 4.9% 4.5% 4.3% 4.0% 7.9% 5 Stockbroking³ 4.9% 8 M&A³ Fund Raising³ 1. Calendar Year data 35.5% 3 A 2019 2020 2021 2022 Q1FY23 16.0% 2A Fund Management - AUM (RM' bil) 2. Comparing rank movement with 31 March 2022 3. Rank by value AmBank Group Q1FY23 Results - Investor Presentation 42.1 40.5 47.9 47.6 46.4 FY19 FY20 FY21 FY22 Q1FY23 33#34Investment Banking | Investment Banking YoY Growth 11% (27%) (23%) 8% (45%) 86% (46%) (51%) (45%) Income Statement RM' mil Net Interest Income Non-Interest Income Total Income Expenses PBP Impairment PBT Tax PAT Q1FY23 Q1FY22 Q1FY23 PAT 13 62 75 44 31 (0) 31 6 25 12 85 97 41 56 (2) 58 13 45 Q1FY22 PAT Positive growth in Q1FY23 Contraction in Q1FY23 Balance Sheet (RM' mil/%) Key Ratios FY22 Q1FY23 FY22 Q1FY23 YTD Change YTD Change Gross Loans / Financing GIL Ratio 0.00% 1,884 1,915 N/A 2% Share Margin Financing 591 616 4% CTI 50.7% 58.7% 8.0% Gross Impaired Loans 0.1 N/A Loan Loss Coverage 100.0% N/A Customer Deposits 855 940 10% ROA¹ 5.39% 3.30% (2.09%) CASA 319 324 2% Average AUM² 57,993 56,973 (2%) 1. Annualised 2. Inclusive of Private Banking AmBank Group Q1FY23 Results - Investor Presentation +4 34#35Retail Banking | Retail Banking (31%) 17% Total Income (YoY Movement) and Loans by Line of Business Total Income 5% RM 446 mil 14% 2% Others 3% Retail SME 9% Auto 13% Wealth 5% Retail SME 7% COOP & ASB Financing 9% Auto 18% Cards & Personal 7% Financing 4% Total loans Mortgage 22% RM69.0 bil Deposits 29% Mortgage 62% COOP & ASB Cards & Personal Financing 16% Financing 3% 16% AmBank Group Q1FY23 Results - Investor Presentation 5% PAT Trend (RM' mil) QoQ Growth: YoY Growth: 59% 9% 162 146 92 126 135 استار Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 35#36Retail Banking | Retail Banking Wealth Sales (RM' mil) 1,381 1,192 1,223 Q1FY22 Q2FY22 Q3FY22 Merchant Volume QoQ Growth: YoY Growth: (4%) (23%) I Merchant volume (RM'mil) Merchants in force ('000) QoQ Growth: QoQ Growth: 19% YoY Growth: 74% (1%) YoY Growth: (1%) 35 35 35 35 35 956 915 2,261 2,215 Q4FY22 Q1FY23 Credit Cards New cards issued ('000) Cards in circulation ('000) New cards issued QoQ Growth: *New cards issued YoY Growth: Cards in circulation QoQ Growth: *Cards in circulation YoY Growth: 4% 43% 2% 7% 600 80 New cards issued 60 40 20 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 AmBank Group Q1FY23 Results - Investor Presentation 400 200 Cards in circulation Q1FY22 Q2FY22 3,945 3,341 3,328 Q3FY22 Q4FY22 Q1FY23 Mortgage and Auto Finance Quarterly Disbursements ■Mortgage Auto Finance Mortgage QoQ Growth: *Mortgage YoY Growth: Auto Finance QoQ Growth: *Auto Finance YoY Growth: (6%) 4% 4% 11% 44741 Q1FY22 Q2FY22 *Note: YoY growth - Q1FY23 vs Q1FY22 Q3FY22 Q4FY22 Q1FY23 36#37Retail Banking | Retail Banking Income Statement YoY Growth 7% (3%) 5% 6% 5% (11%) 9% 8% 9% RM' mil Net Interest Income Non-Interest Income Total Income Expenses PBP Impairment PBT Tax PAT 381 65 446 216 230 38 192 46 46 146 Q1FY23 Q1FY22 Q1FY23 PAT 357 Q1FY22 PAT Balance Sheet (RM' mil/%) 67 424 Positive growth in Q1FY23 204 220 42 177 43 33 Contraction in Q1FY23 Key Ratios 135 FY22 Q1FY23 YTD Change FY22 Q1FY23 YTD Change Gross Loans/Financing 68,396 69,024 1% GIL Ratio 1.31% 1.71% 0.40% Gross Impaired Loans 893 1,180 32% CTI 50.2% 48.4% (1.8%) Customer Deposits 53,814 54,753 2% Loan Loss Coverage 126.9% 97.9% (29.0%) CASA 20,076 19,174 (4%) ROA¹ 0.78% 0.85% 0.07% Average AUM 2,775 2,588 (7%) AmBank Group Q1FY23 Results - Investor Presentation 1. Annualised 37#38Business Banking | Business Banking Gross Loans (RM' mil) Non-trade Trade YTD Growth: 2% 18,736 19,053 18,070 17,329 17,374 5,172 5,300 4,945 4,676 4,675 12,653 12,699 13,125 13,564 13,753 Q1FY22 Q2FY22 Customer Deposits (RM' mil) CASA FD Q3FY22 Q4FY22 Q1FY23 YTD Growth: (7%) PAT Trend (RM' mil) 15,231 13,831 14,120 12,624 12,517 66 6,950 6,997 7,433 6,139 6,280 8,282 7,123 6,485 6,237 6,398 Q1FY22 AmBank Group Q2FY22 30 FY22: 278 82 100 QoQ Growth: YoY Growth: (31%) 4% 69 Q3FY22 Q4FY22 Q1FY23 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q1FY23 Results - Investor Presentation 38#39Business Banking | Business Banking Income Statement YoY Growth 10% 12% 11% 35% 3% (14%) 7% 20% 4% RM' mil Net Interest Income Non-Interest Income Total Income Expenses PBP Impairment PBT Tax PAT Q1FY23 122 33 156 46 110 19 90 90 21 69 Q1FY22 111 30 141 34 107 22 54 84 18 66 66 Q1FY23 PAT Q1FY22 PAT Positive growth in Q1FY23 Contraction in Q1FY23 Balance Sheet (RM' mil/%) FY22 Gross Loans/Financing 18,736 Q1FY23 19,053 YTD Change 2% GIL Ratio Key Ratios FY22 Q1FY23 YTD Change 1.42% 1.47% 0.05% Gross Impaired Loans 266 279 5% CTI 27.4% 29.6% 2.2% Customer Deposits 15,231 14,120 (7%) Loan Loss Coverage 89.5% 86.2% (3.3%) CASA 8,282 7,123 (14%) ROA¹ 1.59% 1.48% (0.11%) 1. Annualised AmBank Group Q1FY23 Results - Investor Presentation 39#40Islamic Banking | Islamic Banking Income Statement YoY Growth ▲ 3% 6% ▲ 2% (34%) ▲ 38% 40% 37% RM' mil Total Income Expenses PBP Impairment PBT Tax & Zakat PATZ Q1FY23 268 77 191 62 129 29 100 Q1FY22 260 73 187 93 94 21 73 Q1FY23 PAT Q1FY22 PAT Positive growth in Q1FY23 Contraction in Q1FY23 Key Ratios Balance Sheet (RM' mil/%) FY22 FY22 Q1FY23 YTD Change Q1FY23 YTD Change Gross Financing 39,347 39,967 2% GIF Ratio 1.60% 1.61% 0.01% CTI 27.6% 28.8% 1.2% Gross Impaired Financing 629 644 2% Customer Deposits 37,590 40,480 8% Financing Loss Coverage¹ 114.3% 103.6% (10.7%) ROA² 0.36% 0.78% 0.42% CASA 14,446 13,158 (9%) 1. 2. Includes Regulatory Reserve Annualised AmBank Group Q1FY23 Results - Investor Presentation 40 40#41General Insurance | General Insurance Loss Ratio and Combined Ratio Loss Ratio Combined Ratio 92% 93% PBT and PAT (RM' mil) 90% 89% 84% 85% PBT PAT 58% 60% 56% 55% 54% 53% FY19 FY20 FY21 Gross Premium Mix and Growth (RM' mil) ■Motor ■Non-Motor 1 FY22 Q1FY22 Q1FY23 YoY GWP Growth:▲ 15% YoY Motor Growth:▲ 21% YoY Non-motor Growth:" (3%) 1,576 1,527 1,560 1,518 18.1% 20.4% 19% 18% 242 260 262 228 233 198 214 YoY PBT Growth: (59%) YoY PAT Growth: (59%) 88 187 79.6% 81.9% 81% 82% 36 73 365 318 19% 18% 30 82% 81% FY19 FY20 FY21 FY22 Q1FY22 Q1FY23 FY19 FY20 FY21 FY22 Q1FY22 Q1FY23 1. Includes motor PA AmBank Group Q1FY23 Results - Investor Presentation 41#42Insurance & Others | Insurance and Group Funding & Others Income Statement - Insurance (General, Life & Takaful) YoY Growth (39%) 7% (69%) (>100%) (67%) (62%) (68%) RM'mil Total Income Expenses PBP Impairment PBT Tax PAT Q1FY23 115 79 36 (2) 38 6 32 Q1FY22 187 74 113 113 16 98 Income Statement - Group Funding & Others YoY Growth (48%) 26% (>100%) (58%) (19%) (>100%) (59%) 21% RM'mil Total Income Expenses PBP Provisions/ Allowances PBT Tax & Zakat PAT MI PATMI Q1FY23 Q1FY22 39 99 (60) 30 (90) (25) (65) 15 (80) 75 79 (3) 72 (76) (11) (65) 35 (100) Q1FY23 PAT Q1FY22 PAT Positive growth in Q1FY23 Contraction in Q1FY23 AmBank Group Q1FY23 Results - Investor Presentation 42#43Corporate Structure | Shareholding structure as of 30 June 2022 ANZ 21.6%¹ Retail Banking AmCorp 11.8% Wholesale Banking 100% AmBank (M) Berhad 100% MBF Cards (M'sia) Sdn Bhd 33.33% Bonuskad Loyalty Sdn Bhd 100% AmBank Islamic Berhad 100% AmInvestment Bank Berhad 100% AmInvestment Group Berhad Foreign shareholding excluding ANZ EPF 9.5% PNB 8.8%² AMMB Holdings Berhad Islamic Banking FY19 FY20 FY21 26% 24% 19% 1. ANZ: ANZ Funds Pty Ltd, a wholly owned subsidiary of Australia and New Zealand Banking Group Limited 2. Based on amalgamation of shares held by funds managed by PNB Others 48.3% Based on ROD dated 30 June 2022 General Insurance Life Assurance & Takaful 100% AMAB Holdings Sdn Bhd 51% AmGeneral Holdings Berhad 49% CIAG Insurance Australia Group 100% AmGeneral Insurance Berhad³ ~50% AmMetLife Insurance Berhad4 ~50% MetLife ~50% AmMetLife Takaful Berhad4 ~50% MetLife FY22 17% Q1FY23 17% 3. On 28 July 2022, AMMB completed the sale of AmGen Insurance Berhad to Liberty Insurance Berhad and will be holding 30% equity interest in combined business of AmGeneral Insurance Berhad and Liberty Insurance Berhad via AmGeneral Holdings Berhad (previously was 51% equity interest) 4. MetLife owns 50% plus one share in AmMetLife Insurance Berhad, with the remaining shares held by AmBank Group, and AmBank Group owns 50% plus one share in AmMetLife Takaful Berhad, with the remaining shares owned by MetLife AmBank Group Q1FY23 Results - Investor Presentation 43#44Glossary & Disclaimer | Glossary & Disclaimer of warranty and limitation of liability Reported Performance Reported performance refers to the financial performance as reported in the audited financial statements and disclosed to the market Growth Definition QoQ/YTD growth refers to Q1FY23 vs Q4FY22 YoY growth refers to Q1FY23 vs Q1FY22 Disclaimer on rounding differences Numbers may not add up due to rounding Disclaimer on restatement of comparatives The comparatives for business segments' financials have been restated to reflect current business realignment The information has been prepared by AMMB Holdings Berhad (AmBank Group or the Group) for information purpose and is believed to be correct at the time of presentation. No representation or warranty, express or implied, is given by or on behalf of AMMB Holdings as to the accuracy and completeness of the information or opinion contained in this presentation. This presentation does not purport to contain all information that may be required to evaluate AmBank Group or its financial position and should not be construed as an offer or recommendation to buy or sell securities. Neither does this presentation to form the basis of, or be relied in any connection with, any contract, investment decision or commitment whatsoever. Certain statements in this presentation may contain forward-looking statements. These forward-looking statements are based on current beliefs and expectations of the Group and are subject to significant risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. The term "AMMB Holdings" and "AmBank Group" denotes all Group companies within the AMMB Holdings Group and this Disclaimer of Warranty and Limitation of Liability policy applies to the financial institutions under AMMB Holdings. For further information, visit www.ambankgroup.com; or contact Yeoh Ru Hann Head, Group Finance - Investor Relations Email: [email protected]/ [email protected] Soh Yee Tyng Vice President, Group Finance - Investor Relations Email: [email protected] AmBank Group Q1FY23 Results - Investor Presentation 44