Investor Presentaiton

For personal use only ME BANK FINANCIAL PERFORMANCE FINANCIAL RESULT IN LINE WITH DUE DILIGENCE ASSUMPTIONS BOQD GROUP SUMMARY Cash NPAT contribution of $23m for the two months post acquisition Financial performance in line with due diligence assumptions ⚫ BOQ Group NIM for the year including 2 months of ME Bank performance was 1.92% • Expenses broadly consistent with historical performance and integration provides opportunity for CTI improvement • Home Buying Transformation program commenced to drive uplift in GLA volumes going forward FY21 FINANCIAL IMPACT FY21 Financial Performance ME Bank Jul to Aug 21 $m BOQ FY21 excluding ME Bank BOQ FY21 including ME Bank $m $m 78 1,050 1,128 Net interest income Non-interest income 5 125 130 Total income 83 83 1,175 1,258 Operating expenses (51) (633) (684) Underlying profit 32 542 574 Loan impairment expense 1 20 20 21 Cash Net Profit Before Tax 33 562 595 Cash Net Profit After Tax 23 389 412 Statutory net profit after 17 tax 352 369 Net interest margin (%)¹ Cost to Income Ratio (%) 1.71% 1.95% 1.92% 61.4% 53.9% 54.4% Bank of Queensland Limited 2021 Full Year Results Presentation (1) ME Bank NIM includes a $5m effective interest rate adjustment following a fair value adjustment to the loan portfolio on acquisition 46

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