Investor Presentaiton

Strong momentum across all key business pillars Banking: Profits at record high Net Profit (S$m) Wealth Management: Positive NNM inflows NII and Fee Income (S$m) WM Income (S$m) 1/ WM AUM (S$b) 36% 38% 33% +30% +18% -3% +0.5% ->> 3,642 4,011 3,887 1,275 1,594 1,288 5,105 9,330 257 258 240 3,926 7,770 7,884 Banking 2,788 FY20 FY21 FY22 FY20 FY21 FY22 Customer Loans (S$b) +4.5% - in constant currency terms Customer Deposits (S$b) and CASA ratio 60.3% 2,367 2,417 2,599 +8% FY20 FY21 FY22 Banking Insurance As % of Group income Dec 20 Dec 21 Dec 22 Insurance: NBEV and margin higher YoY 63.3% 51.8% Total Weighted New Sales (S$m) New Business Embedded Value (S$m) and Margin +2% -3% 43.4% 40.9% +9% 45.8% Performance highlights ■ Banking Operations net profit exceeded S$5b mark for the first time ■WM income from Banking Operations at new high YoY rise in AUM driven by continued NNM inflows which offset negative market valuation Insurance NBEV and margin rose YoY on favourable product mix Embedded Value2/ was S$17.9b as at 31 Dec 267 290 295 315 342 350 1,965 1,908 1,544 2022 804 875 670 Dec 20 Dec 21 Dec 22 Dec 20 Dec 21 Dec 22 FY20 FY21 FY22 FY20 FY21 FY22 → OCBC Bank 1/ Wealth Management income comprises the consolidated income from insurance, private banking, premier private client, premier banking, asset management and stockbroking. 2/ Embedded value is a measure of the long-term economic value of the existing business of a life insurance company. 5

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