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Investor Presentaiton

14% growth in 9M 2023 earnings driven by NCSI growth moderated by lower recoveries Net income increased 14% YoY in 9M 2023 driven by strong growth of 26% in operating income, partially offset by an increase of 18% in operating expenses and a rise in impairment charges from elevated recoveries in the prior year Net income during 3Q 2023 declined 16% YoY despite 17% income growth due to elevated recoveries in 3Q 2022, while it increased by 4% QoQ Total Operating Income Movement YoY (SARMn) +26% 2,663 30 2,954 SAR Million 3Q 2023 3Q 2022 A 9M 2023 9M 2022 A 2,348 Net special commission income 887 758 +17% Fee and other income 118 100 +17% 2,592 362 Total operating income 1,005 858 +17% Operating expenses before impairments (405) Provisions for credit and other losses (87) 149 (364) +11% -159% 2,954 (1,232) (248) 58 2,017 331 2,348 +26% (1,048) +18% -531% +29% (2,087) +9% 9M 22 SCI SCE Fee & Other Inc. 9M 23 Net Operating Income 512 643 -20% 1,473 Share in earnings of associates 24 28 -12% 55 1,357 55 +9% Net Income Movement YoY (SARMn) Income before provisions for Zakat 537 671 -20% 1,528 1,412 +1% +8% +14% Provisions for Zakat (75) (121) -38% (214) Net Income attributed to equity holders 462 550 -16% 1,314 (254) -16% 1,158 +14% 576 30 0 40 1,314 Earnings per share 0.45 0.53 -16% 1.21 1.10 Net interest margin 2.98% Cost to income ratio Cost of risk 40.3% 0.43% Return on tangible common equity 13.3% 16.4% 3.05% -7bps 3.07% 42.4% -2.1ppt 41.7% -0.95% +139bps 0.43% 12.2% -3.1ppt +11% 2.83% +24bps 44.7% -2.9ppt -0.16% +59bps 10.7% +1.5ppt 1,158 (184) (306) 9M 22 NSCI Fee & Other Inc. Operating Impairments Associates Inc. exp. Zakat 9M 23 The Saudi Investment Bank - 3Q 2023 Earnings Presentation P. 17
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