Investor Presentaiton

200 150 100 50 0 Dec-20 Feb-21 Apr-21 Jun-21 Aug-21 Oct-21 House price index Dec-21 Feb-22 Apr-22 Provision and loan impairment expense Prudent economic forecasts reflective of a changing environment Provision model assumptions > The base case scenario reflects BOQ's forward looking economic assumptions and is supported by RBA forecasts where available > Downside scenario represents the risk of stagflation effects, with further rises in interest rates, no GDP growth and rising unemployment > Downside and Severe scenario weights have reduced since 2021, representing a less volatile economic outlook with COVID-19 risks subsiding, although still reflecting the uncertainty posed by the current economic environment GDP (YoY growth %) Jun-22 Aug-22 Oct-22 Dec-22 Feb-23 Apr-23 Jun-23 Aug-23 Oct-23 Dec-23 Feb-24 Apr-24 Jun-24 Aug-24 Oct-24 Dec-24 Scenario weights BANK OF QUEENSLAND LIMITED 2022 Full Year Results Presentation (1) Economic forecasts as at July 2022, based on RBA and market consensus at that time and prepared for the purposes of collective provision updates. The peak interest rate at that time was 3.1% 8.0% 6.0% 4.0% 2.0% 0.0% Dec-20 Feb-21 Apr-21 Jun-21 Aug-21 Weighting Unemployment (%) Oct-21 Dec-21 Feb-22 Apr-22 Jun-22 Aug-22 Oct-22 Economic forecasts (calendar year) (%) 1 Base Downside 2022 2023 2024 2022 2023 2024 3.25 1.75 1.75 0.25 0.00 0.75 Unemployment rate (%) 3.25 3.50 4.00 5.00 7.00 7.50 Residential Property Prices -6.00 -15.00 -20.00 -16.00 -29.00 -32.00 (cumulative % change) Commercial Property Prices -4.00 -9.00 -12.00 -13.00 -22.00 -26.50 (cumulative % change) Cash Rate (%) 2.90 2.95 2.90 3.50 3.75 3.50 Upside 2022 2021 2022 5% 5% Base Downside 2021 2022 2021 Severe 2022 2021 50% 43% 30% 30% 15% 22% Dec-22 Feb-23 Apr-23 Jun-23 Aug-23 Oct-23 Dec-23 Feb-24 Apr-24 Jun-24 Aug-24 63 Oct-24 Dec-24 BOQ GROUP

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