Investor Presentaiton

COLLECTIVE PROVISION DRIVERS INCREASED PROVISIONS IN LIGHT OF ECONOMIC UNCERTAINTY SUMMARY • FY20 COVID-19 related collective provision totals $133m Increase provision is the result of a change in forecast assumptions towards higher unemployment, downgrades to property prices, and increased duration of the economic downturn Probability weightings to the downside and severe case scenarios have increased COLLECTIVE PROVISION ($M) 339 64 210 62 275 148 FY19 FY20 Collective Provision GRCL BOQD GROUP ECONOMIC ASSUMPTION - 31 AUGUST 2020 Base Downside Severe Economic Assumptions 2020 2021 2022 2020 2021 2022 2020 2021 2022 GDP Movement (%) -6.0% 5.0% 4.0% -7.5% 4.0% 3.0% -9.0% 5.0% 3.5% Unemployment Rate (%) 10.0% 8.5% 7.0% 10.5% 9.0% 7.5% 12.0% 10.0% 8.0% Residential property price -6.0% -5.0% 5.0% -10.0% -7.5% 5.0% -12.5% -10.0% 0.0% movement (%) Commercial property price -10.0% -5.0% 5.0% -15.0% -7.5% 5.0% -20.0% -10.0% 0.0% movement (%) COVID-19 CP ($m) $109m $185m $285m Scenario weighting (%) 75% 20% 5% CP overlay $133m Bank of Queensland Limited 2020 Full Year Results Presentation 47

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