Financial Results Presentation

Market Outlook FY2019 Industry outlook for our home markets Key Indicators • Malaysia . GDP: 4.4% (2019F) vs 4.7% (2018) . • • System loan: 4.7% (2019F) vs 5.6% (2018) OPR: 2.75% (2019F) vs 3.25% (2018) USD/MYR average: 4.14 (2019F) vs 4.11 (2018) Inflation: 1.0% (2019F) vs 1.0% (2018) Industry Outlook • Growth supported by recovery in the mining and agriculture sectors as well as stimulus to domestic demand from rate cut and the revival of major infrastructure projects and Government development spending Potential deposit competition could place pressure on net interest margins (NIMS) • • . GDP: 0.6% (2019F) vs 3.1% (2018) . System loan: 4.3% (2019F) vs 5.3% (2018) 3M SIBOR: 1.70% (2019F) vs 1.89% (2018) USD/SGD average: 1.37 (2019F) vs 1.36 (2018) Singapore Inflation: 0.7% (2019F) vs 0.4% (2018) • • Economic growth could be affected by reduced pace of expansion in China and EU, and effects from the US-China trade war • Potentially slower loans growth arising from cautious business sentiment Indonesia 16 • GDP: 5.0% (2019F) vs 5.2% (2018) . • System loan: 10.5% (2019F) vs 11.8% (2018) Reference Rate: 5.50% (2019F) vs 6.00% (2018) USD/IDR average: 14,210 (2019F) vs 14,267 (2018) Inflation average: 3.3% (2019F) vs 3.2% (2018) • Economic growth to be supported by consumption boosted by a minimum wage increase, stable inflation rate and fiscal stimulus programmes • Loan growth to be supported by consumption and working capital needs while liquidity conditions could ease with foreign inflows Maybank

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