2Q 2022 INVESTOR PRESENTATION

Operating Expenses 1H 2022 saw 23% growth in operating expenses YoY mainly from higher employee and G&A costs Operating Expenses (SARmn) Operating Expenses Movement YoY (SARmn) +28% +23% مصرف الإنماء alinma bank 684 519 59 618 642 663 140 1,306 93 13 1,060 327 253 284 266 196 66 63 66 69 61 262 288 291 323 310 QoQ 2Q 21 +19% 3Q 21 +11% 4Q 21 -6% 1Q 22 +3% 2Q 22 Operating Expenses 1H 21 Salaries & employee-related Depreciation & amortization Other G&A Salaries & employee-related +17% Depreciation & amortization Other G&A Operating Expenses 1H 22 +11% +35% Operating Expenses Composition Cost to Income Ratio (%) 34.9% 45% (SARmn) ■Salaries & employee-related 40% 35% 32.5% 41% 49% 30% 1,306 ■Depreciation & amortization 25% 20% Other G&A 10% 15% 1H 21 9M 21 FY 21 1Q 22 1H 22 2Q 2022 INVESTOR PRESENTATION Management Commentary ■ ■ Operating expenses increased 23% YoY to SAR 1,306mn for 1H 2022 mainly due to higher salaries, increased commercial expenses from POS terminal deployments, higher SMS communication costs and a decrease in the input VAT recoverability rate. Higher operating expenses YoY contributed to a 2.4ppt increase in the cost to income ratio from 32.5% to 34.9%. 30/50

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