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Investor Presentaiton

Financial Review Strengthened balance sheet supported by sustained asset quality improvements FirstBank Nigeria NPL per Sector Q1 23 FY 22 41.0% 44.4% 0.1% 17.2% 10.1% 4.4% 5.8% 4.5% 3.3% 1.5% 0.2% 17.0% 9.5% 8.2% 6.0% 4.2% 2.2% 1.4% ■Real Estate Oil & Gas Upstream Agriculture Others Oil & Gas Downstream ■Manufacturing General Commerce Oil & Gas Services General Asset quality continues to improve with a reduction in NPL ratio to 4.0% in Q1 23 (FY 22: 4.3%; FY 21: 6.1%) Balance sheet further strengthened with Q1 23 coverage ratio at 96.7% (FY 22: 86.6%; FY 21: 62.2%) Impairment charge increased largely in line with our strategy to improve coverage ratio NPL in Real Estate represent 0.8% of Group gross loans Cost of Risk closed at 1.7% in Q1 23 (Q1 22: 1.1%) (1)Others include personal & professional, construction, transportation, power & energy, education, ICT, Health, finance & insurance & arts NPL Ratio 26.0% 22.8% 9.9% 7.7% 6.1% 4.3% 4.0% FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 Q1 23 Cost of Risk 6.4% 4.0% 3.2% 2.6% 2.5% 1.7% 1.7% FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 Q1 23 20 20

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