ANNUAL

GENERAL MEETING

31 MARCH 2023

1

Agenda

  1. 2022 Record Performance
  2. 2023 Outlook
  3. Superior Shareholder Returns from our Pervasive Transformation
  4. A Force for Good
  5. Senior Leadership Changes

2

Agenda

1. 2022 Record Performance

3

Strong financial performance: Record year in 2022

  • Record full year total income of $16.5bn, net profit of $8.19bn and ROE of 15%
  • Commercial book total income up 21%, Treasury Markets down 22% from exceptional levels
  • CIR improved three percentage points to 43%

FY2022 ($m)

YoY ($m)

YoY (%)

Total Income

Record

16,502

2,314

16

Commercial book

15,328

2,649

21

Net interest income

10,719

3,062

40

Non-interest income

4,609

(413)

(8)

Treasury Markets (TM)1

1,174

(335)

(22)

Expenses

7,090

621

10

Operating profit

9,412

1,693

22

Total Allowances

237

185

>100

GP

(98)

349

78

SP

335

(164)

(33)

Share of P/L of assocs and JVs

207

98

90

Net profit

Record

8,193

1,388

20

ROE (%)

Record

15.0

-

2.5pt

NIM (%) - Group

1.75

-

30bps

NIM (%) - Commercial Book

2.11

-

48bps

Cost-income ratio (%)

43

-

-3pt

Gross Loans ($bn) 2

420.3

5.2

4

Deposits ($bn) 2

527.0

25.0

7

Notes:

1 Exclude customer sales income, which is reflected in the Consumer Banking/Wealth Management and Institutional business segment under Commercial Book

4

2 YoY(%) for Gross Loans and Deposits in constant currency terms

Key revenue drivers: Institutional Banking Group

A▪ Full year total income up 28% to $7.69bn

B▪ Broad based growth led by cash management income, which more than doubled from higher interest rates

C▪ GTS deposits up 6% to $197bn

($m)

FY2022

FY2021

YoY (%)

Total Income

A

7,688

5,984

28

Loans and deposits

3,445

3,300

4

Trade

764

757

1

Cash / SFS

B

2,499

1,002

>100

Treasury

892

764

17

Investment banking

88

161

(46)

Expenses

2,254

2,086

8

Profit before allowances

5,434

3,898

39

Assets ($bn)

326

313

4

GTS deposits ($bn)

C 197

186

6

5

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Disclaimer

DBS Group Holdings Ltd. published this content on 29 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2023 15:26:33 UTC.