Investor Presentaiton

19 Profitability supported by diversified revenue streams Adjusted operating profit¹ (£'mn) Business mix percentage contribution to adjusted operating profit¹ £350 £300 £250 £200 £150 £100 £50 £0 2018 £312 £287 Mar 29% 35% 38% Mar Mar 2021 2020 58% 62% O 2022 64% 7% 7% 2019 2020 Adjusted operating profit before impairments 2021 2022 Adjusted operating profit We have grown adjusted operating profit from £136m in 2018 to £287m in March 2022 (CAGR of c.21%) In the 2018 financial year, results were impacted by elevated impairments recognised in anticipation of accelerated exits on certain legacy assets. In the 2020 and 2021 financial years, results were impacted by elevated impairment charges related to the impact of the COVID-19 pandemic. Impairments decreased in the 2022 financial year, primarily due to lower specific impairments Specialist Banking ■ Wealth & Investment O Group Investments Profitability is supported by a diversified, quality adjusted operating profit mix from the Specialist Banking and Wealth & Investment businesses The lower contribution from the Specialist Banking business in the 2021 financial year was largely driven by £93 million of risk management and risk reduction costs related to our structured deposits book; offsetting the increased equity capital markets activity and good levels of lending turnover experienced across private client and certain corporate client lending. These risk management and risk reduction costs were immaterial in the 2022 financial year, at £5.9 million 1 Adjusted operating profit is Operating profit before acquired intangibles and strategic actions, less profit attributable to other non-controlling interests, and adjusted operating profit by business is Operating profit before Group costs and before goodwill, acquired intangibles and strategic actions, less profit attributable to other non-controlling interests.

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