Maybank Earnings Summary Q3 & 9M FY2020

Maybank Group 3Q & 9M FY2020 Overview 3Q FY2020 vs 2Q FY2020 Performance Income up 7.6%: As NIM rebounds 9 bps QoQ on lagged re-pricing of deposit cost following earlier rate cuts and absence of Day-One net modification (mod) loss impact Continued growth in Group CASA of 8.3% QoQ across home markets Core fees improved QoQ on higher commission and brokerage fees while investment and trading income also increased Flat Cost QoQ: Revenue-related expenses increased as business activities resumed mitigated by lower discretionary staff expenses. 3Q FY2020 CIR of 44.5% with positive JAWS of 7.7% Provisioning reduces by >50%: ☐ On lower provisioning across the stages. 2Q saw larger provisioning made for specific borrowers Net profit of RM1.95 billion, with ROE at 9.7% Strong Liquidity and Capital Positions 9M FY2020 YoY Performance Income up 1.1%: On higher realised securities disposal gains under investment and trading income as well as MTM derivatives revaluation gains Offset by NIM compression of 19bps YoY on rate reductions in home markets and net mod loss impact As well as reduced core fees on lower business activity However, Group CASA grew 27.4% driven by all home markets, with Group CASA ratio at 42.1% from 34.6% Lower Expenses by 2.8%: On lower marketing expenses on cancelled physical events and lower business activity-related expenses 9M FY2020 CIR of 45.3% with positive JAWS of 3.9% Provisioning increases: ■ >100% increase YoY to RM3.51 billion on proactive provisioning through management overlay, forward looking assumptions for weakening macroeconomic variables and topping up for existing impaired accounts Net profit down 14% to RM4.94 billion, with ROE at 8.2% Group LCR at 146.6%, Group LDR at 87.8%, Group LTF at 80.3% and Group LTFE at 70.9% as at 30 Sept'20 ■ Total capital and fully loaded CET1 capital ratios at 18.89%* and 15.28%* respectively as at end-Sep❜20 Interim dividend of 13.5 sen per share, fully electable under the Dividend Reinvestment Plan Note: *After proposed dividend and assumption of 85% reinvestment rate. 2 Maybank

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