Investor Presentaiton

Cost target basis reconciliation Strategy 2023 results Appendix $m 2023 1023 4Q22 3022 2022 1H23 Reported 7,871 7,586 8,781 7,793 7,949 15,457 1H22 16,127 FY22 32,701 Currency impact 58 248 134 (128) (595) (195) Constant currency 7,871 7,644 9,029 7,927 7,821 15,457 15,532 32,506 Notable items (10) (63) (1,219) (716) (588) (71) (1,009) (2,948) Impact of retranslating 2022 results of hyperinflationary 78 95 95 92 160 347 economies at constant currency SVB UK and related (67) (67) investments Target basis 7,794 7,581 7,888 7,306 7,325 15,319 14,683 29,905 Note: Table uses 2023 average FX rates for all quarters, 1H23 average rates for 1H22 and FY22 FY23 cost target basis: Targeting c.3% cost growth on a constant currency basis, excluding notable items and the impact of retranslating 2022 results in hyperinflationary economies at constant currency. The target also does not include the acquisition of SVB UK and related international investments which are expected to add c.1% to Group operating expenses. On this basis, the FY22 comparative is $29.9bn 26

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