Investor Presentaiton

For personal use only ME BANK ACQUISITION STRATEGIC BENEFITS DELIVERING VALUE AND INTEGRATION AHEAD OF SCHEDULE BOQD GROUP Significantly enhanced scale and portfolio mix for profitable growth Strong complementary challenger brands with a shared customer centric culture • 580k customers added, bringing the total to 1.5m $25bn GLAS added, total BOQ GLAS now c.$75bn • Retail net profit contribution increases to c.55% Differentiated customer segments and geographies with minimal overlap BOQ's East Coast presence has been re-balanced High Net Promoter Scores (NPS) achieved across all brands Attractive financial outcomes • • • Due diligence assumptions validated Work underway to return ME Bank to growth, with application volumes up 36% in August and September compared to the FY21 average Synergies accelerated and expected to be delivered by end of FY231 Clear pathway to a cloud based common digital Retail bank technology platform Upgrade to Temenos v.18 completed, customer migration underway Plans being developed for final migration to common cloud platform Leveraged capital investment across combined business Bank of Queensland Limited 2021 Full Year Results Presentation (1) Synergies to be delivered by the end of FY23 on an annualised run-rate basis 14

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