Financial Analysis Presentation

Prudent risk management and prudent level of allowances set aside Net Profit Utb ECL & Credit Cost Expected credit loss (ECL) (THB million) Annualized credit cost (bps) 238 199 160 161 161 160 161 16,595 16,497 -1% YoY 8,237 +1% QoQ 6,863 5,480 5,491 5,527 -19% YoY II 3Q20 4Q20 1Q21 2Q21 3Q21 9M20 9M21 A growing number of Covid-19 cases and renewed partial lockdown measures are increasing uncertainty. Hence, the Bank has continued to manage down weak loans by written-off and sales to ensure balance sheets quality. In 3Q21, the Bank set aside provision for loans and management overlay in total of THB 5.5 bn. 9M21, credit cost was 161 bps, up 1 bps YoY. We ensure the sufficient ECL by our Principle-based relief schemes since model development during the pandemic. Provisioning is expected to be elevated in 2021 but still within guidance. This is to ensure that the Bank has buffer for unforeseeable future and will be able to alleviate the risk of policy cliff effect. 1,619 1,235 • -14% YoY -7% QoQ 2,782 2,534 2,359 +46% YoY 8,877 || 7,675 3Q20 4Q20 1Q21 2Q21 3Q21 9M20 9M21 As a result of revenue pressure and prudent risk management, 3Q21 net profit declined by 7% QoQ. YoY improvement was mainly from lower in provisioning. • Net profit in 9M21 dropped by 14% YoY. 20 20

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