Investor Presentaiton

Prudent risk management and prudent level of allowances set aside Utb ECL & Credit Cost Expected credit loss (ECL) (THB million) Annualized credit cost (bps) 238 199 THB million Net Profit 160 161 161 144 141 8,237 Flat QoQ +10% YoY 10,971 +13% YoY 9,732 -9% QoQ -18% YoY 6,863 3,095 4,972 5,480 5,491 2,782 2,534 1,619 1,235 2Q20 3Q20 4Q20 1Q21 2Q21 1H20 1H21 7,258 -27% YoY 5,316 2Q20 3Q20 4Q20 1Q21 2Q21 1H20 1H21 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 2Q21, the Bank set aside provision for loans and management overlay in total of THB 5.5 bn. For the first half, credit cost was 161 bps. We ensure the sufficient ECL by our Principle-based relief schemes. Provision is expected to remain elevated in 2021 due to a pressure on asset quality after debt relief program expired and a longer-than expected Covid-19 situation. • As a result of revenue pressure and prudent risk management, 2Q21 net profit declined by 9% QoQ and 18% YoY. • Net profit in 1H21 dropped by 27% YoY. 30

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