Emirates NBD Investor Presentation

Q1-23 Q1-22 7.2 4.3 3.3 2.1 10.5 6.4 (2.6) (2.0) Emirates NBD's profit rises 119% YoY to AED 6 bn on strong diversified income growth and healthy recoveries Income Statement (All figures are in AED bn) Net interest income Non-funded income Total income Operating expenses Operating profit %A YOY Q4-22 %A QOQ 69% 7.7 54% 2.1 (7)% 55% Key Highlights 64% 9.8 7% 34% (2.9) (8)% 7.8 4.4 77% 7.0 12% before impairment Impairment allowances. (0.5) (1.4) (66)% (1.9) (76)% Profit before tax & others 7.3 3.0 145% 5.0 46% Hyperinflation adjustment (0.8) (0.7) 21% Tax (0.5) (0.3) 91% (0.4) 15% Profit 6.0 2.7 119% 3.9 Cost: income ratio NIM 25.3% 4.05% 30.8% 2.60% (5.5)% 145 bps 29.1% 4.40% 54% (3.8)% (35) bps Balance Sheet 31-Mar-23 31-Mar-22 %ΔΥΟΥ 31-Dec-22 %A QOQ Total Assets 782 694 13% 742 5% Total Gross Loans 470 463 1% 456 3% Deposits 538 469 15% 503 7% CET-1 (%) 15.8% 15.0% 0.8% 15.4% 0.4% LCR (%) 187% 157% 30% 182% 5% NPL ratio (%) 5.6% 6.4% (0.8)% 6.0% (0.4)% Group profit up 119% on strong diversified income growth and healthy recoveries - ENBD income higher from improving loan mix & increased margins and higher transaction volumes DeinzBank income higher from increased lending and higher transaction volumes Higher NIMs reflect rising interest rates Lower provisions as 41 bp cost of risk for Q1-23 reflects strong recoveries and robust operating environment AED 0.9 bn profit contribution from DenizBank despite AED 0.8 bn hyperinflation adjustment Accelerating investment in international growth and digital Record quarter for retail disbursements and strong new corporate lending helping deliver loan growth Further CASA growth demonstrates market penetration and strong UAE liquidity, enabling the Group to benefit from rates rises 18

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