Financial Analysis Presentation

Coverage by stage Distribution of Risk Provision *Remark LLR Ratio (%) 132% 131% 124% 125% 114% 121% 51.97 53.80 54.42 53.92 48.37 Allowance for ECL (THB billion) 44.37 10.12 11.13 12.59 12.45 Stage 1 11.31 9.85 Stage 2 21.92 21.62 21.00 21.71 17.14 19.63 Stage 3 17.39 17.43 19.22 21.76 20.83 19.76 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Coverage by stage Stage 1 0.8% 0.9% 0.9% 0.8% 1.0% Stage 2 13.1% 14.8% 17.7% 18.5% 18.0% 1.0% 18.1% +23 bps from 2Q20 +464 bps from 2Q20 Stage 3 43.4% 45.6% 47.3% 49.3% 47.1% 44.1% +75 bps from 2Q20 tub • • TTB remains prudent in asset quality management. We continues to prudently manage and de-risk weak loans in both stage 2 and stage 3. While strategically slowing down NPL sales to preserve NPL value, in 3Q21 we did a write-off to improve stage 3 quality. As a result, stage 3 portfolio was more collateralized compared with 2Q21. Due to the write-off, allowance for ECL (ECL from model + Management Overlay) as of Sep-21 slightly dropped to THB 53.9 bn. Overall, the LLR by stage increased across all stages when compared to pre Covid-19, reflecting the Bank's tightening ECL model and prudent risk management. Note: * Allowance of stage 3 is presented on a net basis to be in line with the industry * LLR as of Dec-20 at 131% represented changed in accounting report from gross basis to net basis to be in line with the industry 21

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