Investor Presentaiton

For personal use only ME BANK PERFORMANCE FINANCIAL RESULT IN LINE WITH DUE DILIGENCE ASSUMPTIONS BOQD GROUP SUMMARY • Net interest income growth of 4% despite declining GLAS of 5% driven by NIM improvement On a pro forma basis ME Bank's NIM has improved from 1.59% in FY20 to 1.70% in FY21 • Expenses increased by 8%, including an $8m uplift in amortisation Loan impairment expenses benefited from a release of collective provision from a reduction in GLA balances and improvements in arrears ME BANK PRO FORMA1 ME Bank - FY21 Adjusted² FY20 v FY21 $m $m 489 470 4% ME Bank Financial Performance Net interest income ME Bank - FY20 Adjusted $m Non-interest income 16 16 Total income 505 486 4% Operating expenses (307) (283) 8% Underlying profit Loan impairment expense 6 198 203 (2%) (60) Large Bank of Queensland Limited 2021 Full Year Results Presentation adjustment to the loan portfolio on acquisition of ME Bank Cash Net Profit Before Tax 207 143 45% Cash Net Profit After Tax 143 101 42% Statutory net profit after tax 111 87 28% Net interest margin (%)¹ Cost to Income Ratio (%) 1.70% 1.59% 11bps 60.8% 58.2% 260bps (1) ME Bank results have been adjusted to reflect BOQ's reporting periods (2) Includes the amortisation of fair value adjustments on acquisition including an effective interest adjustment following a fair value 47

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