Investor Presentaiton

Operating expenses well-managed Operating Expenses FY22 4Q22 50.5% YOY +5% | YoY +1% 45.6% Cost-to-income 43.5% 43.3% 45.0% QoQ +2% 43.0% 40.3% 5,026 4,764 874 868 1,289 1,253 1,269 1,299 1,205 919 280 218 215 254 187 868 Operating Expenses (S$m) Others 233 216 224 224 255 Property & equipment Staff costs → OCBC Bank 3,233 3,028 776 802 811 830 790 4Q21 1Q22 2Q22 3Q22 4Q22 FY21 FY22 ■FY22 expenses increased largely from higher staff costs attributable to annual salary adjustments, and increased headcount to grow talent pool, as well as continued investments in technology to support strategic priorities FY22 cost-to-income ratio lower at 43.0% 17

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