Investor Presentaiton

KEY TAKEAWAYS 1Q23 Strong bottom-line earnings growth driven by efficiency gains, cost of credit improvements, and utilization of capital will translate to higher ROE through 2023 ➤ Continuously Improving Cost Controls as our adjusted Cost to Income ratio improved by 40 bps YoY to 41.83% from 42.23% driven by optimization of our branch network and maximizing employee productivity ➤ Cost of Credit improved by 38bps YoY to 2.39% from 2.78% as we are seeing LAR decrease by over 5.26% to 16.38% from 21.65%. ➤ Re-leveraging of the balance sheet as assets to equity increased to 6.4x from 6.0x YoY, with the goal to move closer to Indonesian peer levels over the medium term, supporting ROE expansion. (BRI 10

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