2Q 2023 Investor Presentation

Operating Expenses 1H 2023 saw 15% growth in operating expenses YoY mainly from higher employee and G&A costs Operating Expenses (SARmn) Operating Expenses Movement YoY (SARmn) +13% +15% مصرف الإنماء alinma bank 663 710 750 758 747 88 1,306 93 18 1,504 318 319 307 305 284 69 70 74 73 80 310 334 358 367 359 QoQ 2Q 22 +7% 3Q 22 +6% 4Q 22 +1% 1Q 23 -1% 2Q 23 Operating Expenses Personnel cost D&A Other G&A Operating Expenses 1H 22 1H 23 Personnel cost D&A Other G&A +15% +13% +16% 32.6% Operating Expenses Composition Cost to Income Ratio (%) (SARmn) 45% ■Salaries & employee-related 40% 35% 34.9% 42% 48% 30% Depreciation & amortization 1,504 25% 20% Other G&A 10% 15% 1H 22 9M 22 FY 22 1Q 23 1H 23 2Q 2023 INVESTOR PRESENTATION Management Commentary ☐ Operating expenses increased 15% YoY to SAR 1,504mn for 1H 2023 mainly due to higher salaries, software maintenance expenses, POS terminal deployments, higher SMS communication, and marketing costs. +820bps positive Jaws contributed to a 2.3ppts decrease in the cost to income ratio from 34.9% to 32.6%. 30/48

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