Fixed Income Investor Presentation

May 2021

Unless otherwise indicated, the financial figures for SMFG and SMBC included in this presentation are prepared in accordance with generally accepted accounting principles in Japan, or Japanese GAAP

Copyright © 2021 Sumitomo Mitsui Financial Group. All Rights Reserved.

This document contains "forward-looking statements" (as

Definitions

defined in the U.S. Private Securities Litigation Reform Act of

1995) regarding the intent, belief or current expectations of us

and our managements with

respect

to our

future financial

SMFG

Sumitomo Mitsui Financial Group, Inc.

condition and results of operations. In many cases but not all,

these statements

contain

words

such

as

"anticipate,"

SMBC

Sumitomo Mitsui Banking Corporation

"believe," "estimate," "expect," "intend," "may," "plan,"

"probability," "risk," "project," "should," "seek," "target," "will"

SMBC Trust

SMBC Trust Bank

and similar expressions. Such forward-looking statements are

not guarantees of future performance and involve risks and

SMFL

Sumitomo Mitsui Finance and Leasing

uncertainties, and actual results may differ from those

expressed in or implied by such forward-looking statements

SMBC Nikko

SMBC Nikko Securities

contained or deemed to be contained herein. The risks and

uncertainties which may affect future performance include:

SMCC

Sumitomo Mitsui Card Company

the COVID-19 pandemic and collateral events; deterioration

of Japanese and global economic conditions and financial

SMBCCF

SMBC Consumer Finance

markets; declines in the value of our securities portfolio;

incurrence of significant credit-related costs; our ability to

SMDAM

Sumitomo Mitsui DS Asset Management

successfully implement our business strategy through our

SMBCAC

SMBC Aviation Capital

subsidiaries, affiliates and alliance partners; and exposure to

new risks as we expand the scope of our business. Given

Major local subsidiaries

SMBC Bank International, SMBC Bank EU,

these and other risks and uncertainties, you should not place

SMBC (China)

undue reliance on forward-looking statements, which speak

only as of the date of this

document. We

undertake no

Consolidated

SMFG consolidated

obligation to update or revise any forward-looking statements.

Please refer to our most recent disclosure documents such

Non-consolidated

SMBC non-consolidated

as our annual report on Form 20-F and other documents

Expenses

Expenses excluding non-recurring losses

submitted to the U.S. Securities and Exchange Commission,

(non-consolidated)

as well as our earnings press releases, for a more detailed

Net business profit

Profit before provision for general reserve for

description of the risks and uncertainties that may affect our

possible loan losses

financial condition and our operating results, and investors'

decisions.

Retail Business Unit (RT)

Domestic retail business

Wholesale Business Unit (WS)

Domestic wholesale business

Exchange rates (TTM)

Global Business Unit (GB)

International business

Mar. 20

Mar. 21

Global Markets Business Unit

Market / Treasury related businesses

(GM)

USD

JPY 108.81

JPY 110.71

OCI

Net unrealized gains on other securities

EUR

JPY 119.52

JPY 129.75

Copyright © 2021 Sumitomo Mitsui Financial Group.

1

All Rights Reserved.

Agenda

Impact of

COVID-19

Results

Funding &

Capital

  • Summary
  • Business line breakdown
  • Credit cost
  • Aircraft leasing
  • Key credit messages
  • Financial results
  • Balance sheet and loan balance
  • Loans
  • Asset quality
  • Foreign currency assets and funding
  • Foreign currency issuance and redemptions
  • TLAC
  • Capital strategy
  • Credit ratings of selected G-SIBs

Copyright © 2021 Sumitomo Mitsui Financial Group.

2

All Rights Reserved.

Impact of COVID-19 (1) Summary

Negative impact of COVID-19 was smaller than our original forecast in FY3/21.

It is expected to be smaller YoY in FY3/22, while the uncertain environment continues.

Profit attributable to

owners of parent

(JPY bn)

800 COVID-19

Impact

600

400

513

200

0

FY3/21

FY3/21

FY3/22

target

target

Consolidated

net business profit

Smaller COVID-19

1100 impact than expected

10001

1,084

900

800

FY3/21

FY3/21 FY3/22

target

target

Higher profits in Global

1 Markets Business Unit

RWA

(JPY tn)

95

90

COVID-19

8592

80

FY3/21

FY3/21

FY3/22

target

target

Credit cost

Smaller COVID-19

500

impact than

expected

400

300

361

200

FY3/21

FY3/21

FY3/22

target

target

CET1 ratio (post-Basel III exc. OCI)

Capital Management

10%

Result

Target

10%

9%

8%

FY3/21

Mid-long

Under

term

COVID-19

Copyright © 2021 Sumitomo Mitsui Financial Group.

3

All Rights Reserved.

Impact of COVID-19 (2) Business line breakdown

Many of our businesses have been recovering since 2H of FY3/21.

Monthly average net business profit *1 in RT/WS/GB increased from JPY 73 bn in 1H to JPY 87 bn in 2H.

FY3/20 FY3/21

(JPY bn)

30

15

0

Overseas securities

(JPY bn)

Non-interest income*2

(IDR tn)

BTPN

(JPY bn)

Equity in gains

(Domestic WS)

(Gross profit)

of affiliates

50

4,000

30

25

2,000

15

1Q

2Q

3Q

4Q

0

0

0

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

(JPY bn) Wealth management

(JPY bn)

Credit card

(JPY tn)

Card loan balance

commissions

(SMBCCF)

100

50

1.3

50

25

1.2

1.1

0

0

1.0

1Q 2Q 3Q 4Q

1Q 2Q 3Q 4Q

Jun Sep Dec Mar

Positive

Impact of COVID-19

Negative

*1

Calculated with the FX rates assumption in medium-term management plan (USD 1=JPY 105)

Copyright © 2021 Sumitomo Mitsui Financial Group.

4

*2

Syndicated loans, structured finance, real estate finance and securities business

All Rights Reserved.

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Sumitomo Mitsui Financial Group Inc. published this content on 31 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2021 08:15:06 UTC.