#1September 2023 والله الرحمن الرحيم Investors Presentation ME Session BANK Meezan Bank The Premier Islamic Bank Winner Beat Back MEEZAN BANK 1#2Index S.No Table of Content BANK Meezan Bank The Premier Islamic Bank Slide # 1 Islamic Finance Industry 3-6 2 Company Overview 7-26 3 Our Digital Footprint 27-31 4 Investment Opportunity & Strategic Priorities 32-34 2#3100000 50000 6000 800 000 11 S9 $ Islamic Finance Industry 3#4Pakistan Islamic Banking Industry Islamic banking assets reached Rs 8.1 Trillion by the end of June 2023 : SBP LAN BANK Meezan Bank The Premier Islamic Bank According to Fitch Ratings (US-based credit rating agency), Islamic finance industry in Pakistan is expected to continue its growth trajectory over the medium term, driven by strong government push and steadily rising public demand for Islamic products. · Total 32 Banks (Branches: 15,837) registered in Pakistan, out of which 6 are full fledged Islamic Banks and 16 Banks have Islamic branch operations (Jun 23) Growth of Assets and Deposits of Islamic Banking Industry (PKR in Trillion) 8.1 7.2 · Branch network of IBS participants - 6,347 (Jun 23) • Islamic banking branches of full-fledged IBS - 2,678 (Jun 23) 3.3 5.9 5.6 5.2 4.3 4.2 3.4 2.7 2.7 • Asset base Rs 8.1 Trillion (20% of Total Banking Industry) (Jun 23) 2.3 2.2 1.9 • Deposit base Rs. 5.9 Trillion (22% of Total Banking Industry) (Jun 23) • CAGR of 26% and 22% between FY 2017- FY 2022 on Assets and 2017 2018 2019 2020 2021 2022 Q2 2023 Deposits respectively ■ Assets ■Deposits Federal Shariat Court (FSC) Decision In line with the FSC's decision for conversion of conventional banking system into Islamic Banking, the State Bank of Pakistan (SBP) is targeting to fully transform the economy into a Shariah-Compliant financial system within the next five years Source: Jun 2023 SBP Compendium on Banking Sector 4#5Key Performance Indicators - Deposits BANK Meezan Bank The Premier Islamic Bank Meezan's Growth in Comparison with islamic Banking Industry Rs in Bn Share of Islamic Banking Industry (15) Islamic Windows of Conventional Banks 32% PAN Meezan Bank 33% (5) Other Islamic Banks 35% The Pie Grows Bigger and Bigger Every Year 2016 2017 2018 2019 2020 2021 2022 Jun-23 IB Deposits Meezan Deposits Meezan Bank as % of Islamic deposits In an Islamic Banking Industry of Rs. 5.9 tn deposits (22% of total banking industry), Meezan Bank is at a leading position with 33% deposit share. 5#6Islamic Banking vs Total Banking Industry of Pakistan - June 2023 BANK Meezan Bank The Premier Islamic Bank Deposits Meezan Bank: Rs. 1.9 Trn Islamic Banks: Rs. 5.9 Trn Conventional Banks: Rs. 20.9 Trn *Domestic + Intl. Deposits 78.1% 21.9% Meezan Share Total: 7.2% IB: 33% Assets Meezan Bank: Rs. 2.8 Trn Islamic Banks: Rs. 8.1 Trn Conventional Banks: Rs. 32.7 Trn 19.9% Meezan Share Total: 6.9% IB: 35% 80.1% Financing (net) Meezan Bank: Rs. 1.0 Trn Islamic Banks: Rs. 3.3 Trn Conventional Banks: Rs. 8.8 Trn 72.4% Meezan Share Total: 8.5% IB: 31% 27.6% Profit Before Tax (PBT) Meezan Bank: Rs. 65 Bln Islamic Banks: Rs. 154 Bln Conventional Banks: Rs. 401 Bln Meezan Share Total: 11.6% IB: 42% 72.2% Islamic Bank Conventional Banks Meezan as a % of Total Industry | Islamic Banks (IB) Source: Jun 2023, SBP Quarterly Compendium Meezan Bank Unconsolidated Financial Statements Jun 2023 27.8% 6#7Company Overview Me Bank 7#8Meezan Bank Current Standing BANK Meezan Bank The Premier Islamic Bank Founded with the Vision to 'establish Islamic banking as banking of first choice...', the Bank commenced operations in 1997 as Al Meezan Investment Bank Limited. It converted to Meezan Bank Limited, a full-fledged Islamic commercial bank in 2002, when the State Bank of Pakistan issued it Pakistan's first Islamic Commercial Banking license. Meezan Bank share in Banking Industry Deposits - 7.6% (Sep 2023) Meezan Bank share in Islamic Banking Industry Deposits - 33% (June 2023) Islamic banking share in Banking Industry Deposits - 22% (June 2023) Within a span of 26 years Meezan Bank has achieved many milestones, some of which are highlighted below: Most Profitable Bank in Pakistan amongst Conventional as well as Islamic Banks (as of June 2023) Most Valuable Bank by Market Capitalization amongst all the banks listed on Pakistan Stock Exchange (PSX) 4th Largest Bank in Pakistan in terms of assets and deposits Customers Over 3.5 million Highest-Rated Mobile App on Google Playstore & Apple App Store 1,139 Biometric & cardless services enabled ATMs More than 16,000 Employees Kil Highest Credit Rating Medium to Long term AAA Short term A1+ 00 8#9II PAKISTAN BANKING AWARDS THE INSTITUTE OF BANKERS PAKISTAN IFFSA ISLAMIC FINANCE FORUM OF SOUTH ASIA TRIPLE MPLOYERS' FEDERATION EFP 1950 A Awards and Recognitions CFA Society Pakistan AWARDS A THE Asset THE OF PAKISTAN ASSET 2023 K BANY Meezan Bank The Premier Islamic Bank THE ASIAN BANKER The Banker STRATEGIC BUSINESS INTELLIGENCE FOR THE FINANCIAL SERVICES COMMUNITY JEN GORANCE ASIAMONEY GLOBAL FINANCE oto The Institute of Chartered Accountants of Pakistan COST AND MANAGEMENT ICMAP Estd. 1951 COUNTANTS OF PA PAKISTAN STOCK EXCHANGE PSX LIMITED BANKING&FINANCE CORPORATE & INVESTMENT BANKING AWARDS map Management Association of Pakistan GIFA GLOBAL ISLAMIC FINANCE AWARDS * BANKING&FINANCE RETAIL BANKING AWARDS 9#10- Performance Overview – September 2023 Headlines Profit after Tax Rs.58.0 billion 103%↑ YOY Total Assets ↑ 20% vs Sep-2022 % Rs.2.9 000 000 OOO trillion Deposits -2.01 ↑21% vs Sep-2022 trillion BANK ADR א 48% معها Basic Earnings Per Share Rs.32.42 BANK per share Meezan Bank The Premier Islamic Bank Return on Equity 57% Plus 143 VS vs Sep-2022 New Branches 983 Branches across Pakistan 120 vs Sep-2022 New Cities 327 Cities across Pakistan Distribution to Shareholders 120% Cash 10#11Performance Overview - September 2023 Headlines September 2023 September 2022 LAN BANK Meezan Bank The Premier Islamic Bank Growth % Profit After Tax Rs 58.0 billion Rs 28.6 billion Rs 29.4 billion 103% Gross Financings Rs 957 billion Rs 873 billion Rs 84 billion 9% CASA Deposits Rs 1.78 Trillion Rs 1.38 Trillion Rs 402 billion 29% Deposits Rs 2.01 Trillion Rs 1.66 Trillion Rs 352 billion 21% CASA Mix 88% 83% 5% 6% Gross ADR 48% 53% (5%) (10%) Return on Equity 57.6% 40.2% 17.4% 43% CAR 23.37% 19.19% 418 bps 22% 11#12103% Growth in PAT- Driven by Volumetric Growth and Higher Benchmark Rates (Unconsolidated) Profit & Loss Account September 2023 September 2022 Rs in mn PAN Meezan Bank The Premier Islamic Bank Growth % Average Policy Rate 20.25% 12.47% 62% Return on financings, investments and placements 303,817 153,879 97% Return on deposits and other dues expensed (149,171) (76,730) 94% Net spread earned 154,646 77,149 100% Fee and commission and other income 13,366 10,550 27% Foreign exchange income 2,116 3,867 (45%) Dividend income and capital (loss) / gain (314) 629 (150%) Total other income 15,168 15,046 1% Operating income 169,814 92,195 84% Operating expenses and other charges (50,833) (34,077) 49% Profit before provisions 118,981 58,118 105% Total provisions (GP: Rs. 3.5 bn) (4,416) (1,735) 155% Profit before tax 114,565 56,383 103% Taxation (56,528) (27,787) 103% Profit after tax US $202 mn / $99 mn 58,037 28,596 103% Basic Earnings per share - Rs 32.42 15.98 103% September 30, 2023: US $1 = Rs 287.74 12#1348% Growth in PAT- Q3' 2023 vs Q2' 2023 (Unconsolidated) Rs in mn Meezan Bank BAN The Premier Islamic Bank Profit & Loss Account Average Policy Rate Return on financings, investments and placements Return on deposits and other dues expensed Q3' 23 Q2' 23 Growth % 22.00% 21.00% 5% 120,832 101,032 20% (56,765) (51,500) 10% Net spread earned Total other income Operating income Operating expenses and other charges Profit before provisions Total provisions Profit before tax Taxation 64,067 49,532 KN 29% 6,192 5,111 21% 70,259 54,643 N 29% (19,507) (16,389) 19% 50,752 38,254 33% (782) (1,504) (48%) 49,970 36,750 36% (24,519) (19,588) 1 25% Profit after tax US $88 mn / $60 mn 25,451 17,162 48% Basic Earnings per share (on share capital of Rs 17.9 bn- Rs.) 14.21 9.59 48% September 30, 2023: US $1 = Rs 287.74 13#14Key Performance Indicators - Profitability (Unconsolidated) Last three years average growth in PAT 44% (2019-2022) MEBL posted growth in profitability even in years where Policy Rate witnessed a decline Rs in bn BAN Meezan Bank The Premier Islamic Bank +28% +58% Sep 23: +103% +46% +69% +13% +43% +13% +15% +10% +11% +3% US $ 99 mn US $ 156 mn US $202 mn 3.4 3.5 4.0 4.6 5.0 5.6 6.3 9.0 15.2 58.0 22.2 28.4 45.0 2011 2012 2013 2014 2015 2016 2017 Policy Rate 13.45% 11.29% 9.67% 9.94% 7.13% 5.85% 5.75% 2018 7.10% 2019 11.99% 2020 8.95% 2021 7.29% 2022 Sep-23 13.20% 20.25% Tax rate 39% Quarterly PBT and PAT 9.2 10.2 10.7 11.8 10.2 10.6 5.5 6.2 6.4 6.9 6.1 6.5 7.0 4.1 PBT PAT 22.7 18.5 Tax rate 49% 32.0 27.8 36.8 17.2 16.4 14.8 15.1 15.4 11.5 8.8 9.2 7.9 Q1' 20 Q2' 20 Q3' 20 Q4' 20 Q1' 21 Q2' 21 Q3' 21 Q4' 21 Q1' 22 Q2' 22 Q3' 22 Q4' 22 Q1' 23 Q2' 23 50.0 25.5 Q3' 23 September 30, 2023: US $1 = Rs 287.74#15Key Ratios ROE - % 36.4% 34.6% 30.7% 23.8% 19.6% 19.3% 44.6% ROA - % 57.6% BANY K AN Meezan Bank The Premier Islamic Bank 2.0% 1.7% 1.7% 1.5% 1.0% 0.9% 0.9% 2.8% 2016 2017 2018 2019 2020 2021 2022 Sep-23 2016 2017 2018 2019 2020 2021 2022 Sep-23 Income Efficiency Ratio - % 62.9% 59.3% 55.2% 45.7% 42.1% 39.7% 34.3% 29.9% Gross ADR - % 66.5% 64.3% 57.1% 54.3% 42.4% 61.0% 53.4% 47.6% 2016 2017 2018 2019 2020 2021 2022 Sep-23 2016 2017 2018 2019 2020 2021 2022 Sep-23 15#1620% Growth in Assets Since Sep-2022 - Led by Higher Investments (Unconsolidated) Balance Sheet Sep 2023 Sep 2022 Growth Dec 2022 Islamic Financing and related assets - Gross 956,699 872,628 84,071 10% 1,018,102 I Rs in mn AN Meezan Bank The Premier Islamic Bank Growth (61,403) (6%) Less: Provisions (27,638) (20,289) (7,349) (36%) (22,594) (5,044) (22%) Islamic Financing and related assets - net 929,061 852,339 76,722 9% 995,508 (66,447) (7%) Investments (GoP Sukuk: Rs 1.4 trillion) 1,550,600 1,243,737 306,863 25% 1,283,210 267,390 21% Due from Fls 34,964 35,964 (1,000) (3%) 34,964 1 Cash and Bank Balance 199,591 165,601 33,990 21% 131,419 68,172 52% Others Total Assets 227,164 149,274 77,890 52% 132,296 94,868 72% US $ 10.2 bn / $ 8.5 bn 2,941,380 2,446,915 494,465 20% $ 8.9 bn 2,577,397 363,983 14% Deposits 2,010,356 Due to Fls Sub-ordinated Sukuk Others Total Liabilities 559,896 1,657,916 505,308 352,440 21% 1,658,490 351,866 21% 54,588 11% 573,326 (13,430) (2%) 20,990 20,990 195,994 158,906 US $ 9.7 bn / $ 8.1 bn 2,787,236 2,343,120 37,088 23% 444,116 19% 20,990 209,270 $8.5 bn 2,462,076 325,160 (13,276) (6%) 13% Paid-up Capital 17,913 17,896 17 Reserves / Retained Profit 138,601 85,268 |(Deficit) / Surplus on revaluation of assets - net (2,370) 631 Total Equity US $ 536 mn / $ 361 mn 154,144 103,795 53,333 63% (3,001) (476%) 50,349 49% 17,896 | 98,089 17 40,512 41% (664) I (1,706) 257% $400 mn 115,321 38,823 34% September 30, 2023: US $1 = Rs 287.74 16#17AN Rs in mn BAN Deposit Growth Since Inception Key Performance Indicators - Deposits Meezan Bank The Premier Islamic Bank 2,010 Market Share of Deposits 7.6% (Sep '23) CAGR Since Inception 34% (Dec'22) 1,658 1,456 1,254 933 785 667 559 468 379 288 230 5 8 14 23 34 55 70 100 131 169 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Sep-23 Deposit Composition - High Granularity Branch Network in 327 cities 87 60 21 412 New Branches added since 2016 100 55 ■Individual 70% 59 20 30 ■ Private Sector - 27% ■Public Sector - 2% ■NBFIS-1% 902 962 983 760 815 571 601 660 2016 2017 2018 2019 2020 2021 2022 Sep-23 Branch Network New Branches 17#18Key Performance Indicators - Deposits Meezan Bank The Premier Islamic Bank BANK Sep 2023 Sep 2022 Growth Rs in bn Mix Rs in bn Mix Rs in bn % CA 981 49% 781 47% 200 26% CASA Deposits Grew by 29% SA 797 39% 595 36% 202 34% CASA 1,778 88% 1,376 83% 402 29% TD 232 12% 282 17% (50) (18%) Total 2,010 100% 1,658 100% 352 21% Sep 2023 TD, 12% TD, 17% Sep 2022 CA, Rs 1.66 tn SA, 39% 47% SA, 36% ■CA SA ■ TD Rs 2.01 tn CA, 49% ■CA SA ■ TD 18#19Key Performance Indicators - Financing Gross Financing & NPL Ratio Sep 2023: Financing Market Share 8.1% 2.8% 7 2.1% 320 1.9% 957 1,018 1.8% 1.5% 777 1.3% 1.3% 522 532 507 429 7 7 9 15 14 14 16 2016 2017 2018 1.7% 118% 8 7 Meezan Bank The Premier Islamic Bank Rs in Bn AN Strong NPL Coverage Ratio 166% 171% 133% 139% 142% 133% 28 128% 23 23 6 10 7 7 13 G 19 19 16 15 14 14 2019 2020 2021 2022 Sep-23 2016 2017 2018 2019 2020 2021 2022 Sep-23 | Provisions held Gross Financing I Non Performing Loans Infection Ratio NPL Coverage Non Performing Loans Consumer; 8% Staff; 1% SME/ Commercial; 16% Financing Composition ■ Corporate ■SME / Commercial ■Consumer ■Staff Corporate 75% - September 2023: Specific Provision net: Rs 1.4 bn (Charge: Rs 1.9 bn & Reversal: Rs 533 mn). General Provision Charge: Rs 3.5 bn. 12,600 General Provision of Rs 13.3 bn 689 NPL Coverage Ratio 171% ■General Provision ■ Consumer General Provision - under PR The Bank is geared up for IFRS 9 adoption and the existing General Provision is sufficient to cover any additional charge which may be required under IFRS 9. 19#20Key Performance Indicators - Investment Rs 1.5 Trillion Up by 25% from Sep 2022 Investment Mix Investments (Rs in Bn) Sep 2023 Sep 2022 Var. GOP Ijarah Sukuk (GIS) GIS 1,388 1,065 30% Rs 143 bn 9% Energy Sukuk & Other Govt. (PES) 143 155 (8%) PES Rs 155bn 12% Others (Shares, Corp sukuk etc) 20 24 (19%) 1% Others 2% Total 1,551 1,244 25% GIS Mix Rs in bn Mix 82% Variable 1,132 82% Fixed 256 18% Total 1,388 100% Rs 1,388 bn BANY K Meezan Bank The Premier Islamic Bank Rs 1,065 bn 86% ■Sep-23 Sep-22 18% GIS Mix 90% ■ Variable ■ Fixed 20#21Key Ratios Capital Adequacy Ratio % Rs in mn BANK Meezan Bank The Premier Islamic Bank 23.4% CAR 17.8% 17.8% 18.4% 16.6% 14.5% 11.9% Excess 12.9% 12.9% 4.1% 6.3% 6.3% 6.4% 2.6% 2.3% 1.6% 0.5% Additional D-SIB 10.7% 11.3% 11.9% 12.5% 11.5% 11.5% 11.5% 11.5% Minimum Required 2016 2017 *Sep-23: Not adjusted for Operational Risk Charge 2018 2019 2020 Min. Req. ■D-SIB Excess Equity & Book Value / Share 2021 2022 Sep-23 154 115 87 69 86.1 59 30 35 40 64.4 48.3 32.9 38.6 17.0 19.6 22.5 2016 2017 2018 2019 2020 2021 2022 Sep-23 Equity Book Value / Share * Book value on share capital of Rs 17.9 billion 21#22Branch Network Coverage Across Pakistan :983 branches in 327 cities As at September 30, 2023 LAN BANK Meezan Bank The Premier Islamic Bank 05 Gilgit Baltistan 73 Gilgit JAI KAS R Maz sk 7485 m 1557 ft 2011 ATM 04 66111 A-WEST. ONTIER NORTHERN AREAS Saser gri ATM 84 rovbi Mingaora Mansehra Pes Murree (STATE) Thal о and O Talagang Jheluma Bannu Dera Y ADMINISTERED TRIB‣ AREAS Khowst Tänk Kulachi Ismail Srinagar JAMMU AND KASHMIR PUSA Islamabad Gujrat Sialkot Khan Gujranwala Zhob 回 Chaman Taunsa Loralai Quetta O Sibi Dera Ghazi Khān Path Amri D D Rävi Lahor Luchis Faisalābād Leiah Sahiwal Multān PAKISTAN Rajanpur BALUCHISTAN D 回 Vihari Bhatinda Ganganagar Rahimyār Bahawalpur 569 Punjab ATM 652 Sindh: 287 Branches KPK Punjab: 569 Branches Baluchistan: 39 Branches KPK: 73 Branches Gilgit Baltistan: 05 Branches AJK: 10 Branches Total: 983 Branches Zahedan 39 TAN Baluchistan ATM 35 ATM ATMs Branches UT OF BALUCHIS Kashmer Ghotki O Sukkup Shahdadkot Lárkāna Q Dādu Kandiaro Sehwan Nawabshah D Sanghar Khan Mirpur Khas lerābād chi Thatta ND Bikan B ATM 287 356 Sindh 10 10 80 ATM 08 AJK 22#2327% Growth in Fee and Commission Meezan Bank The Premier Islamic Bank Rs in mn BANK Fee, commission and other income September 2023 September 2022 Growth % Debit card related fees 5,822 4,032 44% Trade related fees and commissions 3,021 2,805 8% Branch banking customer fees 1,975 1,670 18% Fee income from subsidiary (AMIML) and related funds 528 162 226% Cash management fees 311 208 50% Investment banking related fees 288 269 7% Home remittance related fees 191 214 (11%) Commission on guarantees Credit processing related fees Others 149 132 13% 65 78 (17%) 38 30 27% Total fee income 12,388 9,600 29% N Other income 978 950 3% Fee, commission and other income 13,366 10,550 27% 23#24Trade Business Volume Contracted by 9% Due to Ongoing Economic Conditions Sep 2022 Sep 2023 1,019 59% Rs. 1.74 trillion ■Import Export BANY K AN Meezan Bank The Premier Islamic Bank Rs in Bn 853 721 54% 717 41% Rs. 1.57 trillion 46% ■Import Export 24#25Al-Meezan Investment Management Ltd (Meezan Bank's subsidiary) RAI Meezan VESTMENTS Pure. Profit o Investment Management Ltd. G BANK ZAN Meezan Bank The Premier Islamic Bank Al Meezan Investment Management (AMIM) has a vision... to make Shariah Compliant Investing a first choice for investors. Having a diverse clientele base of over 211,000 investors, ranging from institutions and businesses to individuals and High Net Worth clients, we offer investment solutions, mutual funds and investment advisory services which are catering to specific needs of the customers. As the largest private sector Asset Management and Investment Advisory firm operating in Pakistan, AMIM offers a comprehensive range of Shariah compliant investment solutions. With an impressive track record of over 28 years, Al Meezan cherish the status of being the only company in Pakistan with the sole mandate to provide Shariah complaint investment solutions to its customers. 25#26Al-Meezan - Financial Performance ✓ Largest Asset Management Company in Pakistan ✓ Established track record of over 28 years ✓ One of the largest investor base of over 211,000 investors ✓ Manages the largest open-end Shariah Compliant Income, Money Market & Voluntary Pension Fund ✓ Developed the first Shariah Compliant Index (KMI-30) in collaboration with KSE (now PSX) Launched a Shariah Compliant Open End Islamic CIS Paaidaar Munafa Plan-I. - Meezan ✓ Successfully maintained and strengthened its position as the largest Asset Management Company in Pakistan with Assets under management of over Rs. 335 Billion *As of 30th September, 2023 AUMS Rs Bn - LAN BANY K Meezan Bank The Premier Islamic Bank Sep Sep Δ% 2023 2022 335 214 57% Funds Incl. plans (No.) 43 35 23% AUMS-Rs in bn 267 335 173 163 123 93 88 ill Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Sep-23 26#27Our Digital Footprint 27#28Key Highlights and Achievements BANK Meezan Bank The Premier Islamic Bank Meezan Bank is leveraging the latest technologies to expand its reach, introduce innovative products, digitalize its customer journeys and offer simpler payment solutions. The Bank enjoys digital leadership in the following areas: Highest-Rated Mobile App on Google Play Store & Apple App Store ☐ Offering the widest range of Debit Cards in Pakistan Banking industry ▪ Leading market player in terms of IBFT & Bill payments passing through 1Link Grid in the industry ■ Largest market share of Debit Cards e-Commerce spend comprising approximately 40% of the market share. 1,100+ digitally secured ATMs ☐ ■ 15,000+ POS Machines in Pakistan NFC contactless withdrawals through ATMs ☐ 98% ATM up time in 9M 2023 ATM Biometric enabled ATM Network Wide range of NFC (N)) based Debit Cards Mobile Banking App for Android, iOS & Huawei Platforms Feature-rich Internet Banking SMS Banking Payments using QR code Meezan Mobile App - Q3 Review 368 Million Logins Q3 2023 Mobile Tap & Go 24/7 Call Centre Conventional and Smart POS Machines E-Commerce Payment Gateway Growth in Q3 2023 Debit Card Portfolio 34.55% IBFT Transactions 64.15% Bill Payment Transactions 15.94% Debit Card Transactions 48.49% As compared to Q3 2022 Real-time SMS & E-mail Alerts * Largest Market Share of Debit Cards e-Commerce spend, comprising over 40% of the market As per State Bank of Pakistan Payment Systems Review for the Fiscal Year 2022 2023 35% growth in subscribers from same period last year 41% growth in financial active customers from same period last year 4.7 rated on Play Store & 4.8 rated on Appstore Q3 2023 GET IT ON Google Play Download on the App Store Our Digital Strategy#29No in 000's 3.05 Millions Total Debit Cards Digital Channels Statistics (1/3) 3,055 2,813 2,326 1,991 1,505 1,305 1,175 No's POS Merchant Deployment 16,433 15,013 12,300 8,992 5,104 BANK Meezan Bank The Premier Islamic Bank Mobile App Active Users No in mn's 1.70 1.65 1.51 1.56 1.38 23% Growth in Mobile App Active users From Sep-22 to Sep-23. In Sep-23 80% App Users Logged in. CY17 CY18 CY19 CY20 CY21 CY22 9M-23 Q3 - 2022 Q4-2022 Q1-2023 Q2-2023 Q3-2023 Q3 - 2022 Digital throughput composition POS & E-Commerce Transactions 29.88%: 9.87 Mn Q4 - 2022 Q1-2023 Q2-2023 Digitization Percentage (OTC vs Digital Channels) Q3 - 2023 Debit Cards 1.51% 0.17 tn 92.0% 93.0% 94.0% 94.0% 93.0% 90% 91% 92% 93.0% 93.5% 84% Rs 11.11 tn ATM 83% 84.9% 85.7% 83% 12.92% 1.44 tn 33.04 Mn ■ POS ■ E-Commerce *MB Mobile Banking IB= Internet Banking MB / IB 85.57% 9.51 tn 70.12% 23.17 mn Q3-2022 Bill Payment Q4-2022 Q1-2023 Q2-2023 Fund Transfer Q3-2023 Cash Withdrawal 29#30POS Acquiring - Spend & Transactions (Quarterly) Digital Channels Statistics (2/3) EPG - Spend & Transactions (Quarterly) 5.78 5.23 3.55 2.16 28.24 30.13 1.11 19.45 11 53 12.11 5.89 Q3-2022 Q4 - 2022 Q1 - 2023 Q2-2023 Q3 - 2023 3.73 Spend in Bn Transactions in Mn OTC Transfers (Quarterly) 4.12 4.03 131 239 196 Meezan Bank The Premier Islamic Bank BANK No. in Mn Digital Bill Payments Transactions 10.26 9.84 9.56 9.38 8.85 696 334 1,342 1,905 1,904 Q3 - 2022 Q4-2022 Q1 - 2023 Q2-2023 Q3-2023 Q3-2022 Q4-2022 Q1-2023 Q2-2023 Q3-2023 Spend in Mn Transactions in Th No. in Mn No. in Mn OTC Cash Withdrawal 4.02 4.03 Q3-2022 Q4-2022 Q1-2023 Q2-2023 Q3-2023 EPG= E-commerce payment gateway No. in Mn OTC Bill Payments Transactions 0.78 0.72 4.34 4.47 0.68 4.26 4.18 0.65 0.63 3.62 Q3-2022 Q4-2022 Q1-2023 Q2-2023 Q3-2023 Q3 - 2022 Q4-2022 Q1-2023 Q2 - 2022 Q3 - 2023 OTC= Over the counter 30#31Values in Tn IB / MB Value Growth (Quarterly) 3.11 2.89 2.24 1.71 Digital Channels Statistics (3/3) 3.53 Values in Bn Card Base Spending Value No. in Mn 62 62 50 44 39 56 Meezan Bank The Premier Islamic Bank BANK Digital Transfer Transactions P2P 54.99 51.18 43.73 34.78 60.90 Q3-2022 Q4-2022 Q1-2023 Q2-2023 Q3 2023 Q3-2022 Q4-2022 Q1 - 2023 Q2-2023 Q3-2023 Q3 - 2022 No. in Mn Q4-2022 Q1 - 2023 Q2-2023 Q3-2023 No. in Mn IB / MB Transaction Growth 70.66 64.24 60.26 52.65 43.18 Q3-2022 Q4 - 2022 Q1-2023 Q2 - 2023 Q3 - 2023 MB = Mobile Banking IB= Internet Banking No. in Mn Card Base Spending Transactions 12.28 11.00 9.74 9.15 8.27 Cash Withdrawal through ATM Grew by 50% YOY 26.77 26.76 23.89 21.75 19.11 Q3-2022 Q4 - 2022 Q1-2023 Q2-2023 Q3-2023 Q3-2022 Q4 - 2022 Q1-2023 Q2-2023 Q3-2023 31#32الحَمدُ لله BEST BANK OF PAKISTAN 2 Meezan as an Investment Opportunity Yours IFFSA Awards SLAMIC FINANCE FORUM OF SOUTH ASIA GOLD JEN DEAL OF THE YEAR 2022 ISLAMIC INVESTMENT BANK OF THE YEAR Best Investment Bank Pakistan PRESENTED BY Meezan Bank The Thank CFA Society Pakistan 19th Annual Excellence Awards Meezan Bank Limited Best Islamic Bank of the Year 2021 WINNER This award is presented by CFA Society Pakistan at the 19 Annual Excellence Awards Ceremony. 6 December 2022 Karachi CFA Society Pakistan 19th Annual Excellence Awards Meezan Bank Limited Best Bank of the Year 2021 - Large Size Bank WINNER This award is presented by CFA Society Pakistan at the 19 Annual Excellence Awards Ceremony. 6 December 2022 Karachi WCFA Society Pakistan 19 Annual Excellence Awards Meezan Bank Limited Best Digital Banking Services - 2021 WINNER This award is presented by CFA Society Pakistan at the 19 Annual Excellence Awards Ceremony. 6 December 2022 Karachi A BANK Meezan Bank The Premier Islamic Bank#33Meezan as an Investment Opportunity پیر -The Best Performing Banking Stock Highest ROE in the Banking Industry for the last 5 years averaging more than 30% - Highest Market Capitalization among banks in Pakistan で - Highest Price to Book ratio among other Pakistani Banks - - The Youngest AAA rated Bank in Pakistan Profit After Tax: Rs 58.0 bn vs Rs 28.6 bn growth of 103% Gross Financings standing at Rs 957 bn with less than 2% NPL ratio - Strong NPL Coverage Ratio of 171% 4th largest in terms of Deposits in Pakistan (June 2023) ✓ - Highest Deposit Growth in the Industry over the years ☑ - 983 Branches across Pakistan in 327 cities - Clear Market Leader - holds 33% deposit share of Pakistan's Islamic Banking Industry LAN BANY K Meezan Bank The Premier Islamic Bank 33#34Thank You LAN BANY K Meezan Bank The Premier Islamic Bank 34#35Appendix 35#36Last Six Years Performance 36#37Unconsolidated Statement of Financial Position: 2016 - Sep 2023 Meezan Bank The Premier Islamic Bank Rs in Bn AN Balance Sheet 2016 2017 2018 2019 2020 2021 2022 Cash and Balances with Banks 68,058 69,452 73,277 107,566 155,689 186,921 131,419 Sep 2023 199,591 Due from Fls 129,115 147,229 184,815 223,689 342,069 238,402 34,964 34,964 Investments 130,156 119,238 123,743 225,646 434,208 620,132 1,283,210 1,550,600 Islamic Financing - Gross 319,617 428,833 522,264 506,513 531,588 777,295 1,018,102 956,699 Less: Provisions (8,087) (8,804) (9,700) (12,738) (19,056) (19,209) (22,594) (27,638) Islamic Financing - net 311,530 420,029 512,564 493,775 512,532 758,086 995,508 929,061 Fixed & Intangible Assets 8,925 11,876 13,754 24,065 24,648 35,453 42,271 47,363 Other Assets 14,271 20,984 29,762 46,517 52,414 63,977 90,025 179,801 Total Assets 662,055 788,808 937,915 1,121,258 1,521,560 1,902,971 2,577,397 2,941,380 Bills Payable 13,757 17,175 23,751 17,187 26,494 Due to Fls 32,006 36,813 36,408 42,047 Deposits 559,398 667,181 785,477 932,579 94,501 1,254,431 Sub-ordinated Sukuk 7,000 7,000 14,000 14,000 18,000 Other Liabilities 19,420 25,562 37,946 56,430 58,979 Total Liabilities 631,581 753,731 897,582 1,062,243 1,452,405 36,141 220,414 1,455,886 20,990 82,982 1,816,413 40,175 41,914 573,326 559,896 1,658,490 2,010,356 20,990 20,990 169,095 154,080 2,462,076 2,787,236 Net Assets 30,474 35,077 40,333 59,015 69,155 86,558 115,321 154,144 Paid-up Capital 10,027 10,629 11,692 12,861 14,147 16,269 Reserves/Retained Profit 18,122 23,709 28,687 36,753 49,446 66,225 Revaluation Surplus/ (Deficit) 2,325 739 (46) 9,401 5,562 Total Equity 30,474 35,077 40,333 59,015 69,155 4,064 86,558 17,896 98,089 138,601 (664) (2,370) 115,321 154,144 17,913 37#38P&L Statement 2016 Unconsolidated Profit & Loss Statement: 2016 - Sep 2023 2020 Meezan Bank The Premier Islamic Bank Rs in Bn ANY 2017 2018 2019 2021 2022 Sep 2023 Policy rate 6.00% - 5.75% 5.75% 5.75% -10.00% 10.00% 13.25% 13.25% -7.00% 7.00%-9.75% 9.75% - 16.00% 16% -22% Policy rate - Average 5.85% 5.75% 7.10% 11.99% 8.95% 7.29% 13.20% 20.25% Profit/return earned 31,027 36,427 48,625 94,270 106,589 110,073 232,121 303,817 Profit on deposits & others (13,239) (15,684) (20,457) (47,731) (41,740) (41,152) (110,417) (149,171) Net Spread earned 17,788 20,743 28,168 46,539 64,849 68,921 121,704 154,646 Other income 5,724 7,624 7,462 9,320 10,072 14,892 19,103 15,168 Total Revenue 23,512 28,367 35,630 55,859 74,921 83,813 140,807 169,814 Operating Expense (14,787) (16,832) (19,670) (25,522) (29,775) (35,324) (48,245) (50,833) Profit Before Provisions 8,725 11,535 15,960 30,337 45,146 48,489 92,562 118,981 Total reversals (provisions) 218 (1,283) (1,168) (4,186) (8,210) (993) (4,177) (4,416) Profit Before Provisions 8,943 10,252 14,792 26,151 36,936 47,496 88,385 114,565 Taxation (3,381) (3,939) (5,830) (10,919) (14,770) (19,141) (43,378) (56,528) Profit After Tax 5,562 6,313 8,962 15,232 22,166 28,355 45,007 58,037 YoY Growth 11% 14% 42% 70% 46% 28% 59% 103% 35% (C) & 50% (C) & 60% (C) & 60% (C) & 85% (C) & Dividend per share - Rs 30% (C) 30% (C) 120% (C) 10% (B) 10% (B) 10% (B) 15% (B) 10% (B) Dividend per share - Total 30% 30% 45% 60% 70% 75% 95% 120% 38#39Key Ratios: 2016 - Sep 2023 Key Ratios-% Meezan Bank The Premier Islamic Bank BANK 2021 2022 Sep 2023 2016 2017 2018 2019 2020 Policy rate 6.00% - 5.75% 5.75% - 5.75% 10.00% 10.00% 13.25% - 13.25% - 7.00% 7.00%-9.75% 9.75% -16.00% 16% -22% Income Efficiency Ratio 62.9 59.3 55.2 45.7 39.7 42.1 34.3 29.9 Branches opened 20 30 59 100 55 87 60 21 Total no of branches 571 601 660 760 815 902 962 983 Book value per share 17.0 19.6 22.5 32.9 38.6 48.3 64.4 86.1 Earnings Per Share 3.1 3.5 5.0 8.5 12.4 15.8 25.1 32.4 NPL/Gross Loans 2.1 1.5 1.3 1.8 2.8 1.9 1.3 1.7 NPL Coverage (Total) 118 133 139 142 128 133 166 171 Gross Advances / Deposits (ADR) 57 64 66 54 42 53 61 48 Investment Deposits (IDR) 23 18 16 24 35 43 77 77 CASA Ratio 75 75 73 74 76 83 88 88 Capital Adequacy Ratio (CAR) 12.9 12.9 14.5 16.6 17.8 17.8 18.4 23.4 Tier I CAR ROE ROA 9.4 9.9 12.0 12.9 13.6 14.0 15.7 20.7 19.6 19.3 23.8 30.7 34.6 36.4 44.6 57.6 0.7 0.9 1.0 1.5 1.7 1.7 2.0 2.8 39