#1mm 8 밀 8 AmBank Group ONLINE BANKING a AmBank Group TOWARDS A DIGITALISED FUTURE Growing Trust, Connecting People ap AmBank Group FY2022 RESULTS INVESTOR PRESENTATION C 31 MAY 2022#28 9 10 GCEO PRESENTATION Dato' Sulaiman Mohd Tahir 3 4 6 67 FY22 Financial snapshot Repayment assistance Loans by stages Outlook for 2022 Focus 8 Digitalisation ESG#3Financial Snapshot | FY22 Financial snapshot FY22 Financials Income Variance Core earnings improved significantly 4,665 2% • Consistent income growth FY21: 4,552 2,094 Expenses (2%) • Disciplined cost management FY21: 2,132 2,571 PBP 6% • Positive JAWS of 4%; CTI of 44.9% (FY21: 46.8%) FY21: 2,420 Profitability 766 Impairment (33%) Net impairment for specific Oil & Gas exposures totaled RM747m (RM' mil) FY21: 1,137 1,805 (LBT)/PBT N/M FY21: (3,483) PBT grew 38% YoY vs FY21 Core PBT2 at RM1,305mil contributed by positive operating leverage and lower impairments 1,503 (LATMI)/PATMI N/M FY21: (3,826) PATMI grew 56% YoY vs FY21 Core PATMI² at RM962mil Net tax credit³ of RM160mil 9.3% • ROTE: 9.8% ROE N/M FY21: (20.2%) • 120.0 Assets & Gross Loans 6% FY21 Core ROE² of 5.1% Good loans growth in H2FY22 FY21: 112.71 Liabilities (RM' bil) 122.6 Customer Deposits 2% • CASA grew 21%, CASA ratio 35.2% (FY21: 29.7%) FY21: 120.5 FHC CET1 12.20%4 0.9% FHC CET1 (without TA) = 11.65%4 (FY21: 10.42%) (with Transitional Arrangements ("TA")) FY21: 11.33% Capital & 158.5% FHC LCR 1.0% Highly liquid Liquidity FY21: 157.5% Dividend per share 5.0 sen FY21: Nil 5.0 sen • Dividend payout ratio 11% 1. 2. 3. Reclassified unrated bonds/sukuk from loans to financial investments, with comparative figures restated accordingly Excluding exceptional one-off items of RM4,767mil and related legal and professional expenses of RM21mil Tax credit of RM266mil (inclusive of tax credit relating to Settlement of RM235mil and RM31mil tax claims from prior years), offset by Cukai Makmur (Prosperity Tax) charge of RM106mil (inclusive of AmGeneral Insurance Prosperity Tax of RM10mil, before 49% minority interest deduction). After deducting proposed dividend 4. N/M Not meaningful AmBank Group FY22 Results - Investor Presentation 8 3#4Repayment Assistance | Repayment assistance overview Repayment assistance by type of borrowers¹ (RM' bil) Corporate Retail SME 32% of total gross loans 30% of total 36.5 4.3 gross loans 33.7 2.62 18% of total gross loans 11.0 10.7 16% of total 20.4 gross loans 17.8 4.0 2.22 6% of total 4.7 gross loans 21.2 9.0 20.4 6.63 11.7 1.82 6.6 2.0 2.8 SME: Repayment assistance by MIA status MIA 1 0.13 bil 6% MIA 2 0.11 bil 5% MIA ≥3 0.03 bil 2% Total Assistance: RM2.Obil MIA O 1.76 bil 87% Retail: Repayment assistance by MIA status % of total As at gross loans 3 Jul 21 As at 13 Aug 21 As at As at As at MIA 1 0.36 bil 12 Nov 21 18 Feb 22 13 May 22 13% Retail 10% 18% 18% 6% 2% SME 4% 10% 10% 8% 2% Corporate 4% 4% 2% 2% 2% 1. Reclassified unrated bonds/sukuk from loans to financial investments, with comparative figures restated accordingly Outstanding Corporate R&R loans (previous periods based on approved Corporate R&R amount) 123 2. 3. Inclusive of PHRA re-enrolment amounted to RM1.88bil (pg 5) AmBank Group FY22 Results - Investor Presentation MIA 2 0.15 bil MIA ≥3 0.11 bil 4% 5% Total Assistance: RM2.8bil ΜΙΑ Ο 2.19 bil 78% 4#5Repayment Assistance PHRA¹ - Expiry and Rollover Retail (RM' bil) Re-enrollment Retail SME (RSME) (RM' bil) Re-enrollment Total re-enrolment as of 13 May 2022 (a) + (b) : RM1.88 bil 1. 2. 3. 20.4 8.2 2.4 I 1.5 0.4 1.1 1.6 6.6 2 0.5 2.8 0.3 1.6 1.2 0.2 12 Nov 21 18 Feb 22 13 May 22 12 Nov 21 5 Feb 22 13 May 22 Re-enrolment³ (a) RM1.59bil Re-enrolment³ (b) PHRA = Payment Holiday/Repayment Assistance RM2.Obil total SME loans under Repayment Assistance (pg 4), of which RM 0.5bil relate to RSME Re-enrolment to programmes includes Flood Relief Programme, URUS and AmBank's Repayment Assistance Programme FY22 Results - Investor Presentation AmBank Group RM0.29bil 5#6Loans | Loans by stages Loans by ECL Stages (RM' bil)¹ Breakdown by Business Segments (%) Stage 1 Stage 2 Stage 3 Stage 1 BNM 6-month blanket loan moratorium Targeted Repayment PEMULIH Assistance WB 106.9 110.1 110.7 112.7 113.5 113.4 117.1 120.0 2% 2% 2% 2% 2% 1% 1% BB 1% RB 12% 12% 13% 13% 13% 15% 13% 13% 86% 86% 85% Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 86% 86% 85% 85% 85% 84% 86% 86% Stage 2 RB BB WB 14% 13% 12% Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Loans (RM'bil) Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Stage 3 Stage 1 92.1 95.3 93.8 95.8 96.8 95.1 100.3 103.0 WB BB Stage 2 13.0 13.1 15.0 15.1 15.0 16.6 15.2 15.3 RB 2% 1% 1% Stage 3 1.8 1.7 1.9 1.8 1.7 1.7 1.6 1.7 Total 1. 106.9 110.1 110.7 112.7 113.5 113.4 117.1 120.0 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Following a review on classification, unrated bonds and sukuk reclassified from loans to financial investments resulting in 24-month retrospective restatement from Apr 20 (Q1FY21) AmBank Group FY22 Results - Investor Presentation 6#7Market Outlook | Outlook for 2022 MALAYSIA GDP Growth 5.6% to 6.0% Inflation 2.8% to 3.0% BANKING SECTOR CY Calendar Year AmBank Group FY22 Results - Investor Presentation Loans growth 4.0% to 5.0% Export growth 8.0% to 10.0% USD/MYR outlook $$$ 4.20 to 4.25 Asset Quality E$$ $ Stable OPR 2.25% to 2.50% (1 or 2 rate hikes; +25bps each during H2CY22) Liquidity & capital positions Resilient 7#8Focus 8 Strategy | Focus 8: Key initiatives and progress The path to ROE of 10% FY22 ROE = 9.3%; ROTE 9.8% Business Efficiency Transformation (BET & Pareto) Programme: Total cost saving of RM100 mil in FY22 > Sharpening our segment play SME-focused value proposition: AmBank BizClub, BizRACE, SME-in-a-box SME loans grew 9% YoY Merchant CASA grew 23% YoY Building capital light revenues CASA balances grew 21%, CASA Ratio 35.2% ASNBV sales > RM1.0bil in Wealth AUM AmFunds AUM RM47.6bil Do -Do • AmBank Digital AmOnline/Tabung Haji transaction services feature • Online FX feature for SME via AmAccessBiz • • eFX for branches Partner with CapBay to digitalise supply chain financing Connecting people • Retail NPS score FY22: +19 (FY21: +14) • . Improved engagement ratio to 35% (2021: 30%) Continued talent program for staff ESG • Collaborated with Yayasan Hijau Malaysia (Greening Malaysia Programme) 888888 • Procured clean energy supply from Tenaga Collaborators & Partners 24% growth in Bonuslink payments volume (industry: 16%) Approx. 7,000 new customers from AmBank-Maxis collaboration (SME-in-a-box) AmBank Group FY22 Results - Investor Presentation . New financing in the renewable energy sector (Armani Energy and Nestcon) Accelerating Digitalisation . Digitalising AmBank 8#9SME RETAIL Digital | Progress on digitalisation • Digital Platform AmOnline Strategic partnerships • 1.4 mil users AmOnline GO • Avg monthly online transactions 87 mil (1.1x) % of AmOnline transactions 83% (FY21: 82%) OPEN CASA account 3000.00 • APPLY personal loans, credit card Onboard Seamlessly BonusLink B 68 Open APIs launched & 21 Work-In-Progress Proxy Accounts Trust Accounts CASA hosting Axiata, Umobile, Luno, ipay88 Infrastructure Provider PARKSON • Online Merchant • INVEST in unit trust INSURE motor vehicle • AmAccess Biz ~ 27,000 users Monthly transaction volume ~ 1.7 mil (8.6x) Monthly avg transaction value ~ RM143k (8.6x) Deposits RM4.0bil (3.0x) • Working Capital Loan • Cash Management • Payroll solution • Online FX contract booking 02 AmBank Group presents maxis SME-in-a-Box ap maxisbusiness • Settlement QR Acceptance Inward Remittance Billplz, Gkash, AlpCapital Sponsor Bank & Client Onboarding Rakuten, Kenanga, Razer, fave Digital CASA Retail 37% YoY Non-Retail ↑ 24% YoY AmBank Group FY22 Results - Investor Presentation 9#10ESG | ESG - Key Highlights Strategy Sustainability is part of AmBank Group's strategic imperatives Business New opportunities as economy pivots towards low carbon . Board and Group Sustainability Council Sustainability related KPIs • Launched 3 ESG Funds (Positive Change, Climate Tech, Nutrition Funds) WHAT IS OUR ASPIRATION? Risks & Capital Embedding ESG and climate change related risks into ERM and re-profiling of portfolio Capital requirements to reflect climate related risks, if required GHG Emissions The Exclusion List 1. • Building capacity on climate related risk (Scenario analysis, stress testing, TCFD disclosures) • 11% reduction in GHG emissions . Measure and manage GHG emissions • Sourced clean energy supply (TNB & SESCO) Social • Over 2,000 participants in AmBank's FINCO initiatives Involvement of community well-being NEW- April 2022 New coal- related lending Weapons, firearms, explosives Natural habitat in violation of PERHILITAN Wildlife in violation of PERHILITAN National/ World/ UNESCO heritage sites Forced labour or child labour Where coal or coal related activities/products contribute 20% or more of the business entity's total revenue/ raw materials for its production activities¹ AmBank Group FY22 Results - Investor Presentation 10#11GCFO PRESENTATION Jamie Ling 12-27 Financial Overview#12Financial Overview | Q4FY22 Financial overview 1 Capital, Liquidity and Funding • • • Adequate loss absorption capacity Resumed dividends, 5.0 sen per share, dividend payout ratio of 11% After proposed dividends, CET1 at 12.20%; without Transitional Arrangements, CET1 at 11.65% 2 • Highly liquid (FHC LCR of 158.5%, LDR 97.9%) Q4FY22 Results (QoQ) • • • • Income of RM1,123mil - NII of RM812mil, down by 4%. NIM of 2.00% (Q3FY22: 2.09%) Noll at RM311mil, down 8% due to lower trading and investment income Expenses up 5% to RM557mil, CTI at 49.6% (Q3FY22: 44.7%) PBP down 14% to RM566mil Net impairment charge of RM51mil (Q3FY22: RM337mil). Forward looking and central overlay provision reversals offsetting net provisions charge for specific Oil & Gas exposures of RM325mil Total overlay reserves carried forward RM394mil (Retail: RM363mil, Business Banking: RM31mil) Q4FY22 PATMI of RM392mil, with annualised ROE of 9.5% AmBank Group FY22 Results - Investor Presentation 2 12#13Financial Overview | FY22 Performance summary - P&L P&L (RM' mil) Total Income Q3FY22 Q4FY22 QoQ Change FY21 FY22 YoY Change 1,183 1,123 (5%) 4,552 4,665 2% Expenses 529 557 5% 2,132 2,094 (2%) PBP 654 566 (14%) 2,420 2,571 6% Net Impairment 337 51 (85%) 1,137 766 (33%) - Of which, allowance for specific O&G 306 325 6% 190 747 >100% (loans, bonds & contingencies) Settlement 2,830 Goodwill and other impairment 1,937 PBT Core PBT PATMI Core PATMI 317 514 62% (3,483) 1,805 N/M 1,305¹ 1,805 38% 403 392 (3%) (3,826) 1,503 N/M 962¹ 1,503 56% Financial Indicators Q3FY22 Q4FY22 QoQ Change FY21 FY22 YoY Change CTI 44.7% 49.6% 4.9% 46.8% 44.9% (1.9%) NIM 2.09% 2.00% (0.1%) 1.90% 2.05% 0.1% ROE 9.8% 9.5% (0.3%) (20.2%) 9.3% N/M Core ROE 5.1%¹ 9.3% 4.2% Basic EPS (sen)² Net Assets per Share (RM) 12.18 11.83 4.97 5.06 (2.9%) (127.22) 45.54 N/M 1.8% 4.87 5.06 3.9% 1. Excluding exceptional one-off items of RM4,767mil and related legal and professional expenses RM21mil 2. Computed based on weighted average number of shares N/M = Not meaningful AmBank Group FY22 Results - Investor Presentation 13#14Financial Overview | FY22 Performance summary - balance sheet Balance Sheet (RM' bil) Q3FY22 Q4FY22 QoQ Change FY21 FY22 YTD Change Gross Loans¹ 117.1 120.0 2% 112.7 120.0 6% GIL¹ 1.37% 1.40% 1.57% 1.40% (0.2%) LLC 1,2 146.1% 139.2% (6.9%) 124.1% 139.2% 15.1% Customer Deposits 124.7 122.6 (2%) 120.5 122.6 2% CASA 37.4 43.1 15% 35.8 43.1 21% Capital Indicators Q3FY22 Q4FY223 QoQ Change FY21 FY223 YTD Change (without TA) FHC CET1 11.92% 11.65% (0.3%) 10.42% 11.65% 1.2% FHC Tier 1 11.92% 11.65% (0.3%) 10.42% 11.65% 1.2% FHC Total Capital 15.44% 15.18% (0.3%) 14.14% 15.18% 1.0% Liquidity Ratios Q3FY22 Q4FY22 QoQ Change FY21 FY22 YTD Change FHC LCR 164.0% 158.5% (5.5%) 157.5% 158.5% 1.0% LDR (Loan-to-Deposit)¹ 93.9% 97.9% 4.0% 93.5% 97.9% 4.4% LTAF 1,4 78.5% 82.6% 4.0% 79.7% 82.6% 2.9% 1. Reclassified unrated bonds/sukuk from loans to financial investments, with comparative figures restated accordingly 2. With regulatory reserves 3. After deducting proposed dividend 4. Loan-to-Available-Funds ratio (LTAF) refers to gross loans (excluding financing funded by Islamic Investment Accounts and loans sold to Cagamas) divided by deposits plus borrowings and sub debt AmBank Group FY22 Results - Investor Presentation 14#15Income | Consistent income growth Business Segments (RM' mil) Q3FY22 Q4FY22 QoQ Change FY21 FY22 YoY Change Wholesale Banking 345 304 (12%) 1,393 1,286 (8%) Investment Banking 88 81 (8%) 339 361 6% Retail Banking 426 409 (4%) 1,598 1,673 5% Business Banking 144 147 2% 506 558 10% Group Funding & Others 62 43 (30%) 57 215 >100% Total Income - Banking 1,066 984 (8%) 3,893 4,093 5% General Insurance 115 131 14% 616 532 (14%) 117 139 19% 660 572 (13%) Life Insurance 2 8 >100% 44 40 (9%) Total Income 1,183 1,123 (5%) 4,552 4,665 2% Underlying Underlying Underlying 1,150 1,132 1,157 1,073 1,205 1,087 1,135 1,099 4,227 4,511 4,526 4,665 RM' mil 4,552 1,238 4,227 1,155 1,176 1,183 1,129 1,092 1,121 1,123 1,390 1,453 1,617 420 338 397 415 326 321 311 (1391) 479 (411) (48) 119) (561) (331) (34) 24 23 ANAV 3,275 845 740 779 803 818 800 812 2,774 2,935 614 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 FY20 FY21 FY22 Net Interest Income Non-interest Income 1. AmBank Group Net modification impact - loss/ (unwinding) FY22 Results - Investor Presentation 15#16PBP & PATMI | Positive JAWS, Profit Before Provision up 6% (Banking +10%) Business Segments (RM' mil) Q3FY22 Q4FY22 QoQ Change FY21 FY22 YoY Change Wholesale Banking 281 239 (15%) 1,124 1,032 (8%) Investment Banking 44 34 (23%) 163 185 13% Retail Banking 209 198 (5%) 733 833 14% Business Banking 106 102 (4%) 355 405 14% Group Funding & Others (20) (62) (>100%) (257) (137) 47% PBP - Banking 620 511 (18%) 2,117 2,319 10% General Insurance 33 48 48% 259 212 (18%) 34 55 62% 303 252 (17%) Life Insurance 2 8 >100% 44 40 (9%) PBP 654 566 (14%) 2,420 2,571 6% 7.7% 5.4% 4.9% 7.4% 10.0% 9.8% 9.5% 7.9% 743 RM' mil 654 631 631 605 607 554 365 264 237 387 403 321 566 9.3% 2,571 2,420 2,119 1,341 392 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 FY20 FY21 FY22 (4,693) -103.4% PBP (LATMI) PATMI ROE AmBank Group FY22 Results - Investor Presentation (3,826) -20.2% 1,503 16#17Group P&L | P&L walk NIM Noll % CTI Effective Tax Rate FY22 2.05% 29.8% 44.9% 11.5% FY21 1.90% 35.5% 46.8% -6.5% YoY Growth (3,826) ▲ 8% ▼(14%) >100% 2% ▼(1%) ▲ 5% (33%) ▲ 38% (8%) 48% (19%) ▲ 56% 242 4,788 97 17 227 371 19 22 1,503 RM' mil One-off items¹ Net Interest Non-Interest Net mod Total Expenses PBP Impairment PBT Tax & Zakat PAT MI PATMI Income Income FY22 0 3,137 1,390 impact Income 139 4,665 FY21 4,788 2,894 1,617 41 4,552 2,094 2,1112 2,571 766 1,805 210 1,595 92 1,503 2,441 1,137 1,305³ 229 1,076³ 114 9623 Positive growth in FY22 Contraction in FY22 1. 2. 3. One-off items include Settlement, Goodwill and other impairment of RM4,767mil and Settlement-related legal and professional expenses of RM21mil FY21 Expenses exclude one-off Settlement-related legal and professional expenses Excluding one-off items AmBank Group FY22 Results - Investor Presentation 17#18NIM | Margin improvement driven by lower cost of funds Net Interest Margin (NIM) Movement (YoY) bps 3.0 190 187 Divisions 2.1 3.5 2.9 0.1 0.2 1.5 Funding + Deposits 4.7 QoQ NIM Q4FY22: Reported: 2.00% (▼(9bps)) Underlying: 1.94% ( ▼(2bps)) Q3FY22: Reported: 2.09% Underlying: 1.96% Reported: ▲ 15bps 8.9 Underlying: 9bps 2.9 196 205 FY21 Reported Net modification FY21 Underlying Retail Banking Wholesale Banking Investment Banking Business Banking General Insurance Asset mix impact Interbank / Group Funding Deposits FY22 Underlying Net modification impact FY22 Reported Positive growth in FY22 Contraction in FY22 NIM Trend Gross Yield COF ⚫NIM 3.95% 3.84% 3.77% 3.73% 3.72% 3.68% 3.73% 3.65% 3.56% 3.82% 3.69% 3.58% 2.62% 2.15% 2.03% 2.07% 2.08% 2.03% 2.09% 2.00% 2.15% 1.94% 2.05% 1.96% 1.92% 1.86% 1.84% 1.84% 1.82% 1.84% 1.82% 1.90% 1.59% Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q4FY22 excluding net mod impact AmBank Group FY22 Results - Investor Presentation 1.84% 1.96% 1.82% FY21 FY22 FY22 excluding net mod impact 18#19Noll | Lower investment and trading income with increased risk aversion YoY Growth 29% (62%) 4% (16%) 6% (4%) (16%) (9%) >100% (14%) 1,617 29 177 11 222 22 9 4 80 4 Q1FY22: 419.7 Q2FY22: 321.4 Q3FY22: 337.7 Q4FY22: 311.0 i 12 1,390 Corporate & RM' mil Transaction Group Treasury Investment Banking & Wealth Mgmt Other Retail Business Banking General Insurance Life Insurance Banking & Markets Fund Mgmt Group Funding & Others Noll FY22 132 107 303 114 142 116 424 40 13 1,390 FY21 103 284 292 137 133 120 503 44 1 1,617 Positive growth in FY22 Contraction in FY22 FY21 Noll FY22 Noll AmBank Group FY22 Results - Investor Presentation 19#20Expenses | Disciplined cost management, CTI 44.9% Business Segments Q3FY22 Q4FY22 QoQ Change FY21 FY22 YoY Change (RM' mil) Wholesale Banking 64 65 1% 268 254 (5%) Investment Banking 44 47 8% 176 176 Retail Banking 217 212 (3%) 865 840 (3%) Business Banking 38 45 19% 152 153 1% Group Funding & Others 82 105 28% 314 352 12% Expenses - Banking 446 475 6% 1,775 1,775 General Insurance 83 83 83 22 357 319 (10%) Expenses 529 557 5% 2,132 2,094 (2%) Expense Growth Driver (YoY) RM' mil 2,132 31 662 28 20 2,094 Expense and CTI Trend RM' mil 49.9% 49.3% 49.6% 45.4% 46.4% 46.5% 45.8% 46.8% 44.7% 40.0% 44.9% 2,108 2,132 2,094 539 524 545 525 495 514 529 557 FY21 Staff Cost Admin & General Sales & Marketing Others FY22 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 FY20 FY21 FY22 Positive P&L impact in FY22 Negative P&L impact in FY22 a AmBank Group FY22 Results - Investor Presentation 20 20#21Loans | Broad-based loans growth Gross Loans Movement (RM' bil) Breakdown by rate sensitivity: Fixed rate 20% Variable rate -80% Breakdown by concept: Islamic -33% Breakdown by customers' type: Retail -55% ROA¹: ROTA¹: 0.94% 0.95% Conventional - 67% Non-retail 45% YTD Growth 11% 4% 1% 8% 7% (4%) 1% 5% 27% 6% Composition 13% 13% 1% 16% 36% 10% 2% 4% 5% 100% 1.2 2.7 0.0 0.2 1.5 0.5 0.6 1.6 0.0 112.72 FY22 FY21 FY20 Gross loans trend (RM'bil) YTD Growth Industry 120.0 6% 5%³ 112.7 ▲ 5% 4%4 107.2 ▲ 5% 4%4 120.0 FY21 MidCorp Large Corp & Others Investment Banking Business Banking Mortgage Auto Finance Cards & Personal Financing Retail SME COOP & ASB Financing FY22 Wholesale A8% Positive growth in FY22 Contraction in FY22 AmBank Group FY22 Results - Investor Presentation Retail 6% 1 2 3 4 1. Annualised 2. 3. Reclassified unrated bonds/sukuk from loans to financial investments, with comparative figures restated accordingly Based on BNM data from end Mar'21 to end Mar'22 4. Based on BNM data and in accordance with AMMB's financial period 21#22Asset Quality | Additional O&G provisions offset against overlay Net Impairment (YoY Movement) RM' mil Overlays: ¡ Q1FY22: 87.2 Q2FY22: 67.6 Q3FY22: 44.9 Q4FY22: (551.5) Gross Impaired Loans, GIL and LLC Ratios 1,136.7 578.2 558.5 153.2 111.2 180.9 356.4 470.4 351.7 1,117.8 Retail Business Wholesale ⚫GIL Ratio Loan Loss Coverage² 1 100.5% 114.0% 124.1% 139.2% 93.4% 1 1 1.70% 1.59% 1.73% 1.57% 1.40% RM' mil 1,853 1,770 1,638 1,676 1,621 283 260 209 217 266 646 628 517 749 676 766.0 FY21 Overlay FY21 before overlay Positive P&L impact in FY22 ECL ECL Individual Stage 1 & Stage 3 Allowance Recoveries Others FY22 Overlay before FY22 2 overlay Negative P&L impact in FY22 Impairment Reserves (Balance Sheet) 1. 924 882 893 681 728 FY18 FY19 FY20 FY21 FY22 Reclassified unrated bonds/sukuk from loans to financial investments, with comparative figures restated accordingly 2. Includes regulatory reserve of RM703m (FY18), RM450m (FY19), RM388m (FY20), NIL (FY21), and RM103m (FY22) Credit Cost and New Impaired Loans Formation RM' mil Non-performing / impaired loans Impairment Reserves | FY20: 1,381! FY21: FY22: 2,432 2,737i Performing loans 1,777 1,405 Pre-restatement Post-restatement¹ AmBank Group FY20 FY21 FY22 FY21 FY22 Net credit cost (%) 0.30% 0.97% 0.64%5 0.81% 0.26% Credit cost4 1,328 861 0.62% 1.28% 0.84%5 1.12% 0.46% (excl. recoveries) (%) 694 1,169 335 Stage 2 New Impaired Loans (RM'mil) 1,491 990 1,945 990 1,357 556 272 197 248 262 303 449 121 Stage 1 75 305 New Impaired Bonds (RM'mil) 50 N/A 588 235 Individual Allowance ECL Stage 3 / CP - Defaulted ECL Stage 1 & 2/ CP - Non defaulted³ ECL - Off BS ■FY20 ■FY21 FY22 3. Includes overlay AmBank Group FY22 Results - Investor Presentation 4. Includes loan loss allowances only 45 5. Includes RM747mil of provisions for Oil & Gas (loans, bonds & contingencies) 22#23Asset Quality | Vigilant monitoring of sector exposure Impaired Loans by Sector Strong Very Strong Loans by Internal Risk Grade Satisfactory Moderate Marginal Substandard Impaired Loans outstanding Bonds & Loans outstanding 26% Oil & Gas¹: RM2.9bil 45% 3% 66% Mar'21 Mar'22 Sector Composition YTD Change RM' mil RM' mil 9% 5% Agriculture 80 9 1% (89%) Mining and quarrying 38 176 10% >100% Manufacturing 194 227 14% 17% 20% Oil & Gas¹: RM2.Obil Electricity, gas and water 3 4 32% Construction 92 113 7% 22% Wholesale, retail trade, hotels and restaurants 202 170 10% (16%) 2% Transport, storage and 59 19 1% (69%) communication 10% Finance and insurance 1 1 13% Real estate 313 188 11% (40%) Construction: RM4.4bil 54% 34% Business activities 42 38 2% (10%) Education and health 7 6 1% (5%) Household of which: 739 725 43% (2%) 3% - Residential Properties 531 540 32% 2% 3% - Transport Vehicles 68 80 5% 18% - Others 140 105 6% (25%) Total 1,770 1,676 100% (5%) Real Estate: 37% RM6.6bil 57% 8 AmBank Group 26% 1. Categorised under "Mining and quarrying" sector in Financial Statement 23#24Deposits | Improved CASA mix 35.2% (FY21: 29.7%) Deposits (RM' bil) Customer Deposits Trend FY22 FY21 FY20 Retail FD CASA (RM' bil) and CASA Composition (%) YTD Growth Industry CASA Trend YTD Growth Industry 122.6 2% 6%1 FY22 43.1 21% 6%1 120.5 7% 6%2 FY21 35.8 24% 21%2 113.0 6% 2%2 FY20 28.8 16% 10%2 Retail CASA I Non-Retail CASA Retail CASA Non-Retail CASA CASA Composition (%) 35.2% Non-Retail FD AmBank Group Deposits Market Share (%) 30.7% 5.7% 5.6% 5.8% 5.8% 5.8% 5.6%¹ 29.7% 29.7% 29.9% 30.0% 43.1 28.1% 5.5% 5.4% 26.8% 119.0 120.5 124.7 122.6 37.4 114.3 114.8 115.9 35.8 35.6 114.1 34.1 34.1 19.7 33.5 17.8 19.5 23.0 16.8 19.0 17.6 18.2 30.6 23.0 19.7 19.5 18.2 17.6 51.2 19.0 17.8 45.8 53.8 53.8 50.3 47.8 46.6 45.6 16.8 17.4 17.7 20.1 16.5 13.8 15.1 15.6 16.3 20.1 15.1 15.6 16.3 16.5 17.4 17.7 13.8 33.4 32.9 31.8 31.0 33.4 34.7 36.1 33.7 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Retail Deposit 41.3% Mix 41.8% 39.8% 39.2% 43.8% 44.9% 43.1% 43.9% Retail CASA 45.2% Mix 44.2% 46.7% 45.5% 48.5% 48.8% 47.4% 46.6% AmBank Group 1. Based on BNM data from end Mar'21 to end Mar'22 2. Based on BNM data and in accordance with AMMB's financial period FY22 Results - Investor Presentation 24#25Capital | Adequate capital RWA/Total Assets RM' bil 72.2% Total Assets RWA/Total Assets 1 Peers 2 65.0% 66.7% 67.4% 64.4% FHC Capital Adequacy Ratios³ ■CET 1 /Tier 1 Total CAR 15.43% 15.80% 15.18% 15.32% 14.48% 59.3% 58.4% 58.5% 58.1% 56.8% 13.65% 14.14% 158.8 169.2 170.2 174.9 11.08% 11.89% 12.44% 11.65% 10.42% 11.33% 12.20% 137.9 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY21 FY22 (without TA) (without TA) (with TA) 4 (with TA) 4 1. FHC RWA/Total Assets 2. Based on an average of our seven peer domestic banks as at 31 December 2021 FHC CET1 (YOY Movement) 3. After deducting proposed dividends 4. Transitional Arrangements 1.20% 0.09% 12.20% 11.33% 11.79% 0.55% 11.65% 0.73% 10.42% 0.09% 0.45% 0.11% 0.14% 0.91% FY21 (with TA) TA FY21 CET1 (without TA) Ordinary Shares issued Profit for FY2022 Transfer from Reg Reserve to RE RWA 5 Dividend Income from AMAB Holdings Others FY2022 (without TA) Proposed Final Dividend FY2022 (without TA after Proposed Dividend) 5. Credit RWA: -0.36%; Market RWA: -0.02%; Operational & others RWA: -0.06% AmBank Group FY22 Results - Investor Presentation TA FY2022 (with TA after Proposed Dividend) 25#26• Summary | FY22 Summary • Improving operating environment Loans growth momentum Expect market volatility Credit profile Mora loans significantly lower E $ • • Higher provision coverage for O&G AmBank Group FY22 Results - Investor Presentation • Operating leverage Maintained cost discipline Making investments Firmer foundation Resumed dividends Divestiture in progress 26#27THANK YOU#28FY22 Results | Yearly performance (LATMI) / PATMI (RM' mil) & ROE (%) (LATMI) PATMI ◆ROE (%) 8.8% 7.0% PATMI: ROE: YoY Growth >100% YoY Growth ▲ 29.5% 7.4% 9.3% 1,505 1,132 1,341 1,503 FY18 FY19 FY20 FY21 FY22 (3,826) Total Income (RM' mil) and Non-interest Income (%) Total Income: Total Income Non-interest Income % CAGR FY18-FY22: 4.1% YoY Growth 2.5% 38% 34% 34% 36% 30% 4,552 4,665 3,979 3,922 4,227 FY18 FY19 FY20 FY21 FY22 -20.2% Cost to Income Ratio and Expenses Growth (%) ROA (%) and EPS (Basic) CTI: CTI Expenses Growth CAGR FY18-FY22: YoY Growth Expenses: (4.0%) CAGR FY18-FY22: ▼(1.9%) (3.6%) EPS ROA 0.91% 1.08% 0.93% 0.94% 60.8% 54.3% 49.9% 46.8% 44.9% 50.0 44.6 45.5 37.6 FY18 FY19 FY20 FY21 FY22 12.0% -1.1% 1.1% -1.8% -12.0% FY18 FY19 FY20 FY21 FY22 AmBank Group FY22 Results - Investor Presentation (127.2) (2.24%) 28#29Noll & PATMI/(LATMI) | Non-interest income and PATMI mix Non-interest Income by Lines of Business (YoY) (15%) Insurance 33% Insurance 33% 9% Other Retail 7% (15%) >100% Others 1% 29% Corporate and Transaction Banking ▲ >100% 9% (62%) (38%) Group Treasury & Market 8% Others 1% Wholesale Banking 17% Non-interest income RM1,390 mil ▼(14%) Retail Banking Business Banking 8% 19% (5%) Other IB businesses 7% 24% PATMI by Lines of Business (YoY) >100% Group Funding & Others 26% Investment Banking 22% Equity Markets 4% 2 (28%) Insurance 9% 4% ▼(18%) ▼(4%) Fund Management 11% Cards 4% Wealth Business Banking 8% Management 8% 2% (16%) AmBank Group FY22 Results - Investor Presentation (4%) 10% 12 1. 2. Business Banking 19% ▲ 23% Reported RM1,503 mil ▲ 56%¹ Compare to Core PATMI of RM962mil After deducting share of minority interests Investment Banking 10% Retail Banking 34% Wholesale Banking 2% 17% ▼(94%) >100% 29#30Asset Quality | Impairments Net Impairment / (Writebacks) and GIL Ratio Total impairments by category (RM' mil) Q1FY21 Q2FY21 Q3FY21 ECL Stage 1 & 2 / CP - Non defaulted Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 QoQ Change FY21 FY22 YoY Change 31 121 454 310 122 124 (56) (561) (>100%) 916 (371) (>100%) ECL Stage 3/CP - Defaulted 89 265 (98) 131 118 85 98 557 >100% 387 858 >100% Individual Provisions Recoveries 2 78 (3) 81 12 21 303 3 (99%) 158 339 >100% (79) (114) (93) (65) (57) (61) (48) (74) (54%) (351) (240) 32% Other Provisions¹ Total net impairments 7 (17) 2 36 9 5 40 127 >100% 27 180 >100% 50 333 262 492 204 174 337 51 (85%) 1,137 766 (33%) Total impairments by divisions (RM' mil) Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 QoQ Change FY21 FY22 YoY Change Wholesale Banking (3) 142 21 98 68 101 258 586 >100% 258 1,013 >100% Investment Banking (2) (1) (1) (1) (1) (8) (0) (2) (>100%) (4) (11) (>100%) Retail Banking 36 (8) 160 346 42 (5) 43 77 79% 534 158 (70%) Business Banking 5 (0) 24 31 22 52 (1) (29) Group Funding & Others 11 202 58 19 72 32 39 (578) General Insurance 2 (3) 0 (2) (0) 1 (1) (2) (>100%) 61 (>100%) 290 (436) ▼ (>100%) (3) 44 (28%) (>100%) 33% Total net impairment 50 333 262 492 204 174 337 51 (85%) 1,137 766 (33%) GIL Ratio Wholesale Banking2 Investment Banking Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Retail Banking Business Banking Group² Industry 2.25% 2.49% 2.02% 2.18% 2.08% 1.44% 0.45% 0.03% 0.02% 0.02% 1.29% 1.11% 1.71% 1.36% 1.34% 1.97% 1.82% 1.58% 1.51% 1.90% 1.66% 1.58% 1.75% 1.57% 1.59% 1.44% 1.37% 1.57% 1.58% 1.62% Q2FY22 Q3FY22 Q4FY22 QoQ Change 1.84% 1.98% 1.66% 0.01% 0.01% 0.00% 1.30% 1.12% 1.31% 1.66% 1.44% 1.42% 1.47% 1.37% 1.40% 1.57% 1.44% 1.53% FY21 (32bps) 2.18% 1.66% FY22 YoY Change (52bps) 0.02% 0.00% (2bps) (19bps) 1.36% 1.31% (5bps) (2bps) 1.51% 1.42% (9bps) 3bps 1.57% 1.40% (17bps) 9bps 1.58% 1.53% (5bps) 1. Includes trade & sundry debtors and provision for contingencies 2. Following a review on classification, unrated bonds and sukuk reclassified from loans to financial investments resulting in retrospective restatement from Apr 20 (Q1FY21) AmBank Group FY22 Results - Investor Presentation 30#31Loans | Loans by sector vs industry AmBank Group (RM' bil) Loans Composition YTD Growth 2% 2% 13% 1% 4% 9% 4% 5% 5% 1% 54% 100% (7%) ▼(10%) 9% (3%) (8%) 18% 40% ▲ 18% (11%) 38% ▲ 6% (3%) ▲ 6% Loans Composition YTD Growth Mar'22 15.9 4.4 10.5 5.5 6.6 2.4 2.1 1.2 4.8 1.4 65.1 0.0 120.0 Agriculture Mining & Quarrying Manufacturing Electricity, Gas & Water Construction Wholesale, Retail, Hotels & Restaurant Transport, Storage & Com Finance, Insurance, Real Estate Education & Health Household Others Total Loans & Biz Act 32.4 9.5 18.7 138.1 89.1 45.3 156.9 56.2 123.1 112.0 14.1 Mar'22 2% ≈2 1,142.8 1,938.1 7% 1% 5% 8% 2% 6% 6% 3% 59% 1% 100% ▼(5%) ▼(13%) 10% ▲ 18% (6%) 10% 12% ▲ 4% ▼(2%) 7% 5% (5%) ▲ 5% Industry (RM' bil) Source: BNM, financial statements AmBank Group FY22 Results - Investor Presentation 1 31#32Divisional Performance#33Wholesale Banking | Wholesale Banking Total Income (YoY Movement) and Assets by Line of Business PAT Trend (RM' mil) 4% Transaction Banking 17% Group Treasury & Markets 59% Group Treasury & Markets 47% (21%) Total Income (8%) RM1,286 mil 12% FY21: 666 248 200 125 QoQ Growth: YoY Growth: (>100%) (94%) FY22: 37 143 127 93 22 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Transaction Banking 8% Wholesale Banking Coverage 33% Wholesale Banking Coverage (255) 36% Corporate Banking Loan Disbursement and Repayment Total Assets RM78.6b Disbursement Repayment Disbursement QoQ Mvmt: *Disbursement YoY Mvmt: Repayment QoQ Mvmt: *Repayment YoY Mvmt: (23%) 2% (15%) (16%) Th Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 *Note: YoY mvmt - FY22 vs FY21 AmBank Group FY22 Results - Investor Presentation 33#34Wholesale Banking | Wholesale Banking Income Statement YoY Growth 4% (38%) (8%) (5%) ▼(8%) >100% (98%) (>100%) (94%) RM' mil Net Interest Income Non-Interest Income Total Income Expenses PBP Impairment PBT Tax PAT FY22 1,047 239 1,286 254 1,032 1,013 19 (18) 37 FY21 1,006 386 1,393 268 FY22 PAT FY21 PAT Positive movement in FY22 1,124 Negative movement in FY22 258 866 200 666 Balance Sheet (RM' mil/%) Key Ratios FY21 FY22 YTD Change FY21 FY22 Gross Loans / Financing¹ 28,856 31,063 8% GIL Ratio¹ 2.18% 1.66% YTD Change (52bps) Gross Impaired Loans 628 517 (18%) CTI 19.3% 19.8% 50bps Customer Deposits 61,203 53,561 (12%) Loan Loss Coverage¹ 81.7% 160.9% >1,000bps CASA 13,477 15,296 14% ROA 0.86% 0.05% (81bps) 1. Reclassified unrated bonds/sukuk from loans to financial investments, with comparative figures restated accordingly AmBank Group FY22 Results - Investor Presentation 34#35Investment Banking | Investment Banking League Table DCM (Overall MYR Bonds) Islamic Sukuk Unit Trust Market Share¹ As At 31 March 2022 Rank² 15.9% Market Share of Value and Volume Traded on Bursa (KLSE)¹ Trading Value -Trading Volume 3A 3.6% 3.6% 3.4% 3.2% 3.2% 4.1% 14.4% 3A 5.0% 4.9% 4.8% 4.5% 4.3% 4.0% 7.6% 5▶ Stockbroking³ 4.5% 8 M&A³ Fund Raising³ 1. Calendar Year data 2. Comparing rank movement with 31 December 2021 3. Rank by value AmBank Group FY22 Results - Investor Presentation 1.1% 6 ▼ 2017 2018 2019 2020 2021 2022 2.2% 7▼ Fund Management - AUM (RM' bil) 40.5 35.7 47.9 47.6 42.1 FY18 FY19 FY20 FY21 FY22 35#36Investment Banking | Investment Banking Income Statement YoY Growth 24% 4% 6% 13% (>100%) 17% 20% 17% RM' mil Net Interest Income Non-Interest Income Total Income Expenses PBP Impairment PBT Tax PAT FY22 58 303 361 176 185 (11) 196 42 42 154 FY21 47 292 339 176 163 (4) 167 35 132 FY22 PAT FY21 PAT Positive movement in FY22 Negative movement in FY22 Balance Sheet (RM' mil/%) Key Ratios FY21 FY22 YTD Change Gross Loans/Financing 1,870 1,884 1% GIL Ratio Share Margin Financing 504 591 17% CTI FY21 FY22 YTD Change 0.02% 0.00% (2bps) 51.9% 48.8% (310bps) Gross Impaired Loans 0.4 0.1 (86%) Loan Loss Coverage 100.0% 100.0% ≈2 Customer Deposits 615 855 39% ROA 5.34% 5.77% 43bps CASA 264 319 21% AmBank Group FY22 Results - Investor Presentation Average AUM¹ 1. Inclusive of Private Banking 55,975 57,993 4% 36#37Retail Banking | Retail Banking Total Income (YoY Movement) and Loans by Line of Business (15%) Wealth ▲ 1% 7% Total Income RM1,673 mil 5% 14% 17% Others 3% Retail SME 10% Auto 12% Retail SME 7% COOP & ASB Financing 8% Auto 19% Cards & Personal Financing 4% Total loans RM68.4 bil Deposits 27% Mortgage 62% (8%) COOP & ASB Financing 3% Cards & Personal Financing 16% 59% AmBank Group FY22 Results - Investor Presentation Mortgage 22% (2%) (LAT) / PAT Trend (RM' mil) QoQ Growth: YoY Growth: (27%) >100% 20% 146 FY21: 151 71 50 FY22: 515 162 135 126 92 42 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 (116) 37#38Retail Banking | Retail Banking Wealth Sales (RM' mil) QoQ Growth: (32%) YoY Growth: (21%) 1,001 FY21: 5,999 1,853 1,689 1,456 FY22: 4,741 1,381 1,192 1,223 Merchant Volume Merchant volume (RM'mil) Merchants in force ('000). QoQ Growth: YoY Growth: 25% QoQ Growth: 1% YoY Growth: 1% 35 35 35 35 35 35 35 35 FY21: 8,940 FY22: 11,146 3,341 3,328 2,420 2,532 2,342 2,261 944 2,215 1,646 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Credit Cards Mortgage and Auto Finance Quarterly Disbursements ■Mortgage Auto Finance New cards issued ('000) Cards in circulation ('000) Mortgage QoQ Growth: *Mortgage YoY Growth: Auto Finance QoQ Growth: (9%) (5%) (31%) *Auto Finance YoY Growth: (15%) New cards issued 80 60 40 20 600 400 200 יוווייו! Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY21 Q2FY21 *Note: YoY growth - FY22 vs FY21 AmBank Group FY22 Results - Investor Presentation Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 38#39Retail Banking | Retail Banking Income Statement YoY Growth 7% ▼(5%) ▲ 5% ▼(3%) 14% (70%) >100% >100% >100% RM' mil Net Interest Income Non-Interest Income Total Income Expenses PBP Impairment PBT Tax PAT FY22 1,417 256 1,673 840 833 158 676 161 515 733 534 199 48 188 Contraction in FY22 FY21 1,328 270 1,598 865 FY22 PAT FY21 PAT Positive growth in FY22 Balance Sheet (RM' mil/%) Key Ratios 151 FY21 FY22 YTD Change FY21 FY22 Gross Loans/Financing 64,787 68,396 6% GIL Ratio 1.36% 1.31% YTD Change (5bps) Gross Impaired Loans 882 893 1% CTI 54.1% 50.2% (390bps) Customer Deposits 47,251 53,814 14% Loan Loss Coverage 137.8% 126.9% (>1,000bps) CASA 16,288 20,076 23% ROA 0.24% 0.78% 54bps AmBank Group FY22 Results - Investor Presentation Average AUM 2,067 2,775 34% 39#40Business Banking | Business Banking Gross Loans (RM' mil) Non-trade Trade YTD Growth: 8% 18,736 18,070 17,278 17,329 17,374 16,497 16,626 15,867 5,172 4,257 4,231 4,725 4,676 4,675 4,945 4,191 11,676 12,240 12,395 12,553 12,653 12,699 13,125 13,564 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Customer Deposits (RM' mil) CASA FD YTD Growth: 24% PAT Trend (RM' mil) 15,231 13,831 12,852 11,828 12,309 12,624 12,517 11,749 6,950 7,433 6,497 5,752 6,139 6,280 6,239 6,146 8,282 5,588 6,355 5,603 6,558 6,485 6,237 6,398 52 52 QoQ Growth: 21% YoY Growth: 23% FY21: 225 FY22: 278 65 66 55 54 30 82 82 100 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 AmBank Group FY22 Results - Investor Presentation 40#41Business Banking | Business Banking Income Statement YoY Growth 15% (4%) 10% ▲ 1% 14% (27%) 23% 22% 23% RM' mil Net Interest Income FY22 443 Non-Interest Income 116 Total Income Expenses PBP Impairment PBT Tax PAT 558 153 405 44 361 83 278 FY21 386 FY22 PAT 120 507 152 355 61 293 68 225 FY21 PAT Positive movement in FY22 Negative movement in FY22 Balance Sheet (RM' mil/%) Key Ratios 12,309 6,558 FY21 FY22 YTD Change Gross Loans/Financing 17,278 18,736 8% GIL Ratio Gross Impaired Loans 260 266 2% CTI Customer Deposits CASA FY21 FY22 YTD Change 1.51% 1.42% (9bps) 30.0% 27.4% (260bps) 15,231 24% Loan Loss Coverage 73.5% 89.5% >1,000bps 8,282 26% ROA 1.42% 1.59% 17bps AmBank Group FY22 Results - Investor Presentation 41#42Islamic Banking | Islamic Banking Income Statement YoY Growth 11% ▼(4%) 19% ▲ 1% 89% >100% 47% RM' mil Total Income Expenses PBP Impairment PBT Tax & Zakat PATZ FY22 1,032 285 747 507 240 52 188 FY21 927 297 630 503 127 (1) 128 FY22 PATZ FY21 PATZ Positive growth in FY22 Contraction in FY22 Balance Sheet (RM' mil/%) Key Ratios FY21 FY22 YTD Change FY21 FY22 YTD Change Gross Financing¹ 35,240 39,347 12% GIF Ratio¹ 1.74% 1.60% (14bps) Gross Impaired Financing 613 629 3% CTI 32.0% 27.6% (440bps) Customer Deposits 41,733 37,590 (10%) Financing Loss Coverage 1,2 108.0% 114.3% 630bps CASA 12,709 14,446 14% ROA 0.26% 0.36% 10bps 1. 2. Reclassified unrated bonds/sukuk from loans to financial investments, with comparative figures restated accordingly Includes Regulatory Reserve AmBank Group FY22 Results - Investor Presentation 42#43General Insurance | General Insurance Loss Ratio and Combined Ratio ■Loss Ratio 92% Combined Ratio 92% 93% 90% 89% PBT and PAT (RM' mil) YoY PBT Growth: YoY PAT Growth: (18%) (19%) -РВТ PAT 282 57% 58% 60% 56% 55% FY18 FY19 FY20 FY21 FY22 Gross Premium Mix and Growth (RM' mil) YoY GWP Growth: YoY Motor Growth: (3%) (4%) Motor Non-Motor 1 YoY Non-motor Growth:▲ 2% 1,576 1,560 1,527 1,518 1,474 21% 21% 21% 21% 22% 79% 79% 79% 79% 78% 262 260 242 214 246 228 233 198 187 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 1. Includes motor PA AmBank Group FY22 Results - Investor Presentation 43#44Insurance & Others | Insurance and Group Funding & Others Income Statement - Insurance (General, Life & Takaful) YoY Growth ▼(13%) ▼(10%) (17%) 35% (17%) (9%) (18%) RM'mil Total Income Expenses PBP FY22 571 319 252 Impairment (2) PBT 253 FY21 660 357 303 305 29 88|༅ PAT 227 276 Income Statement - Group Funding & Others YoY Growth 1. >100% 12% 47% (>100%) >100% 44% >100% (19%) >100% RM'mil Total Income Expenses PBP Impairment One-off items¹ PBT Tax PAT MI PATMI FY22 215 352 (137) (436) 299 (85) 384 FY21 57 314 (257) 290 4,767 (5,314) (152) (5,163) 21 92 292 114 (5,277) FY22 PAT FY21 PAT Positive growth in FY22 Contraction in FY22 One-off items include Settlement, Goodwill and other impairment AmBank Group FY22 Results - Investor Presentation 44#45Corporate Structure | Shareholding structure ANZ 21.6%1 Retail Banking AmCorp 11.8% EPF 9.6% PNB 8.8%² ap AMMB Holdings Berhad Wholesale Banking 100% AmBank (M) Berhad 100% MBF Cards (M'sia) Sdn Bhd 33.33% Bonuskad Loyalty Sdn Bhd 100% AmBank Islamic Berhad 100% AmInvestment Bank Berhad 100% AmInvestment Group Berhad Foreign shareholding excluding ANZ Islamic Banking FY18 FY19 FY20 23% 26% 24% 1.ANZ: ANZ Funds Pty Ltd, a wholly owned subsidiary of Australia and New Zealand Banking Group Limited 2.Based on amalgamation of shares held by funds managed by PNB Others 48.2% Based on ROD dated 31 March 2022 General Insurance Life Assurance & Takaful 100% AMAB Holdings Sdn Bhd 51% AmGeneral Holdings Berhad 49% CIAG Insurance Australia Group 100% AmGeneral Insurance Berhad ~50% AmMetLife Insurance Berhad³ ~50% MetLife ~50% AmMetLife Takaful Berhad³ ~50% MetLife FY21 19% FY22 17% 3.MetLife owns 50% plus one share in AmMetLife Insurance Berhad, with the remaining shares held by AmBank Group, and AmBank Group owns 50% plus one share in AmMetLife Takaful Berhad, with the remaining shares owned by MetLife AmBank Group FY22 Results - Investor Presentation 45#46Ratings & Target Price | Credit ratings, target price and recommendations Credit Ratings FY22 Ratings AMMB RAM S&P AmBank (M) AmBank Islamic AmInvestment LT: AA3, ST: P1 Outlook: Stable LT: AA3, ST: P1 Outlook: Stable LT: AA3, ST: P1 Outlook: Stable LT: AA3, ST: P1 Outlook: Stable Target Price and Recommendations RM3.63 LT: BBB+, ST: A-2 Outlook: Negative P/EPS P/BV : N/A Closing Price RM 3.71 Average TP : RM 3.63 : 0.75 Market Cap RM 12.28 bil Buy : 7 (50%) Hold : 5 (36%) Sell : 2 Ave. TP/ Ave. CP (14%) 1.05x 3.30 3.35 3.43 3.44 3.60 3.60 3.64 3.75 3.80 3.90 4.00 4.05 4.10 2.85 MACQ HLIB UOB RH1 MIDF ■Buy / Outperform / Overweight / Add ■ Sell/Trading Sell/ Underperform/ Reduce / Underweight AmBank Group FY22 Results - Investor Presentation NOMURA PIVB CGS-CIMB KEN Hold / Neutral / Market perform Average target price TA AFFIN RHB MBB Source: Bloomberg, Research House Report as at 31 March 2022 KAF 46#47Glossary & Disclaimer | Glossary & Disclaimer of warranty and limitation of liability Reported Performance Reported performance refers to the financial performance as reported in the audited financial statements and disclosed to the market Growth Definition QoQ growth refers to Q4FY22 vs Q3FY22 YoY/YTD growth refers to FY22 vs FY21 Disclaimer on rounding differences Numbers may not add up due to rounding Disclaimer on restatement of comparatives The comparatives for business segments' financials have been restated to reflect current business realignment The information has been prepared by AMMB Holdings Berhad (AmBank Group or the Group) for information purpose and is believed to be correct at the time of presentation. No representation or warranty, express or implied, is given by or on behalf of AMMB Holdings as to the accuracy and completeness of the information or opinion contained in this presentation. This presentation does not purport to contain all information that may be required to evaluate AmBank Group or its financial position and should not be construed as an offer or recommendation to buy or sell securities. Neither does this presentation to form the basis of, or be relied in any connection with, any contract, investment decision or commitment whatsoever. Certain statements in this presentation may contain forward-looking statements. These forward-looking statements are based on current beliefs and expectations of the Group and are subject to significant risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. The term "AMMB Holdings" and "AmBank Group" denotes all Group companies within the AMMB Holdings Group and this Disclaimer of Warranty and Limitation of Liability policy applies to the financial institutions under AMMB Holdings. For further information, visit www.ambankgroup.com; or contact Yeoh Ru Hann Head, Group Finance - Investor Relations Email: [email protected]/ [email protected] Soh Yee Tyng Vice President, Group Finance - Investor Relations Email: [email protected] AmBank Group FY22 Results - Investor Presentation 47