HSBC Investor Day Presentation Deck

Overview of credit risk Portfolio performed well during the Covid- 19 pandemic First order impact of Russia / Ukraine is limited Economic outlook uncertain Retail Delinquencies remain at a low level, and better than before Covid-19 Financial health of our customers has, on average, improved with average debt and credit turnover at a higher level than pre-Covid-19 Minimal direct exposure to customers with connections to Russia and Belarus Watchful on second- and third-order impacts focused on inflation and rising cost of living Intro ◆ Impacts are not yet visible in portfolio delinquency or customer financial health metrics Proactive re-assessment of customer affordability models to maintain portfolio quality CMB WPB COO Wholesale Risk Finance Improving portfolio trends observed across a broad spectrum of metrics as the economy recovered in 2021 Direct exposure to Russia and Belarus has been reduced and first order impact is limited Second-order risks in sectors such as agriculture, food, industrial & conglomerates and automotive Portfolio continues to perform well in 2022, although we expect ECL charges to normalise from current low levels ◆ Ongoing sector analysis to identify vulnerable. industries as market conditions change 57

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