UBL Growth and Market Leadership

Rs in bln Rs in bln Income Statement Var % Var% FY'22 FY'21 Q4'22 Q3'22 2022 Results - Solid growth supported by strong NFI with cost control Margin expansion grows earnings with aggressive fee buildup Bank NIMs at 4.9% in FY'22 (FY'21: 3.8%), with higher asset yields Branch banking fees up 33%, card related up 21% YoY Interest Earned 250.7 148.0 69% 74.4 73.5 1% Interest Expensed (147.5) (76.2) -93% (43.9) (45.8) 4% Home remittance fees up 20% and trade & guarantee income increasing by 58% Net Interest Income 103.2 71.8 44% 30.4 27.7 10% Non Interest Income 34.4 23.4 47% 12.3 7.4 66% Total Revenue 137.7 95.1 45% 42.8 35.1 22% ◉ Capital gain of Rs. 466 mln (FY:21 Rs. 3.7 bln mainly on foreign bonds) Other Income includes Rs. 6.8 bln gain on winding up of subsidiary Inflation impacts costs-reinvestments in technology and people continues Admin. expenses of Rs. 52.3 bln for FY'22, up 22% YoY Operating expenses (52.3) (42.7) -22% (14.5) (13.7) -6% • Cost to income ratio of 38.0% in FY'22 vs 44.9% in FY'21 Total Expenses (53.7) (44.0) -22% (14.8) (14.0) -6% Pre Prov. Operating Profit 84.0 51.2 64% 27.9 21.1 32% Provision Exp./Other writeoffs (15.7) 1.0 -1740% (10.3) (4.7) -120% ■ Profit Before Extra Ordinary/Unu 68.3 52.1 31% 17.7 16.4 8% Profit After Tax 32.1 30.9 4% 13.3 6.9 93% Provisions - asset quality maintained with enhanced coverage Dom asset quality continues to improve, 3.3% at Dec'22 (Dec'21: 5.0%) Recoveries against NPL remains strong with net provision reversals of Rs. 2.9 bln International NPL Coverage well maintained at 87.5% (Dec'21: 86.4 %) Coverage further improved against holdings in foreign sovereign bonds

View entire presentation