Financial Analysis Presentation

With cost discipline, cost synergy realization going better than original plan Ub THB million NII Total Operating Income Total Operating Expense THB million Non-NII ◆ Total Operating Income 50,975 48,406 -5% YoY 10,689 10,175 -5% YoY 16,212 2,984 15,900 15,663 3,118 13,227 12,782 12,577 -1% QoQ -3% YoY -1% QoQ 3,086 +3% YoY -2% QoQ -5% YoY -2% QoQ -2% YoY 40,286 38,231 -5% YoY 7,429 7,402 7,268 3Q20 2Q21 3Q21 9M20 9M21 3Q20 2Q21 3Q21 Overall core revenue was impacted from economic slowdown from the pandemic. Total revenue was down by -1% QoQ and -3% YoY in 3Q21 • 9M21 total operating income subsided to TH 48.4 bn. • -4% YoY 23,536 22,597 9M20 9M21 Recurring expenses declined from cost-saving initiatives after merger. OPEX recorded at THB 7.3 bn, down by -2% QoQ and -2% YoY. The Bank made sure stringent cost saving initiatives coming along as plan during this uncertain time. Despite one-time integration expenses and separation package in 9-month period, 9M21 total operating expense was well-contained by cost saving synergy. As of Sep-21, the Merged bank's headcount went down to 15,379 personnel (-4.1k after merger), resulting from the Bank's effort to execute merged bank synergies Branch rationalization continues as plan (reduced by -12 branches QoQ and -243 branches after merger). 17

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