Investor Presentaiton

FINANCIAL PERFORMANCE STATUTORY PROFIT DOWN, UNDERLYING PROFIT UP IN THE HALF DRIVEN BY INCOME GROWTH BOQD GROUP $ million FY20 FY19 FY20 v FY19 2H20 1H20 2H20 v 1H20 Net interest income 986 961 3% 503 483 4% Non-interest income 110 128 (14%) 52 58 (10%) Total income 1,096 1,089 1% 555 541 3% Operating expenses (594) (555) 7% (300) (294) 2% Underlying profit 502 534 (6%) 255 247 3% Loan impairment expense (175) (69) 154% (147) (28) 425% Cash profit before tax 327 465 (30%) 108 219 (51%) Income tax expense (102) (145) (30%) (34) (68) (50%) Cash earnings after tax 225 320 (30%) 74 151 (51%) Statutory net profit after tax 115 298 (61%) ▼ 22 93 (76%) Cash basic earnings per share¹ 51.1c 79.5c (28.4c) 16.3c 35.3c (19.0c) Cash return on average equity 5.4% 8.3% (290bps) 3.4% 7.5% (410bps) ▼ (1) The sum of 1H20 and 2H20 EPS does not equal FY20 due to the impact of the capital raising and the uneven distribution of cash earnings after tax across the two halves of the year Bank of Queensland Limited 2020 Full Year Results Presentation 16

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