CFO Slides

UOB Group

Financial Updates

Lee Wai Fai

Group Chief Financial Officer

For the Nine Months / Third Quarter Ended 30 September 2021

Private and Confidential. Disclaimer: This material that follows is a presentation of general background information about UOB's activities current at the date of the presentation. It is information given in summary form and does not purport to be complete. It is not to be relied upon as advice to investors or potential investors and does not take into account the

investment objectives, financial situation or needs of any particular investor. This material should be considered with professional advice when deciding if an investment is appropriate.	Private and Confidential
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Financial Highlights

3Q21 key financial indicators

3Q21 profits maintained at $1b with ROE improved to

Operating profit

$1.38b

+ 2% QoQ

+ 10% YoY

Cost/Income ratio

43.7%

No change QoQ - 0.9%pt YoY

NPL ratio

1.5%

No change QoQ

No change YoY

NSFR ratio

125%

+ 2%pt QoQ + 3%pt YoY

Net profit after tax

$1.05b

+ 4% QoQ

+ 57% YoY

Credit costs

20bps

No change QoQ - 48bps YoY

Customer loans

$306b

+ 3% QoQ

+ 9% YoY

CET 1 ratio

13.5%

- 0.7%pt QoQ - 0.5%pt YoY

10.4%. Credit outlook stable and balance sheet

remained resilient

• NII grew 2% QoQ from steady loan growth with NIM stable at 1.55%
• Wealth, credit card and fund management fees continued momentum amid the improving economic outlook. Loan-related fees moderated from a stellar performance in 2Q
• Credit portfolio remained resilient and well-secured. NPL ratio stable at 1.5% and total credit costs on loans unchanged at 20bps this quarter
• Healthy customer loan growth of 3% QoQ and 9% YoY supported by large corporate loans
• CET1 ratio stayed strong at 13.5%

2

Performance by Segment

• Retail driven by strong growth in wealth & cards, moderating impact from margin compression
• Wholesale growth led by trade, treasury, investment banking and loan-related deals
• Global Markets decreased as last year benefitted from gain in bond sales

	9M21	9M20	YoY	3Q21	2Q21	QoQ
Operating Profit	$m	$m	+/(-) %	$m	$m	+/(-) %
Group Retail	1,593	1,566	2	523	502	4
Group Wholesale Banking	2,506	2,368	6	855	848	1
Global Markets	312	430	(27)	87	94	(7)

3

Wholesale customers

• Growing regional franchise, capturing cross-border opportunities

Strengthening

+6%1

Cross border income;

Connectivity

Formed 30%2 of GWB income

Across our ASEAN footprint

2x1

and global network

Suppliers and distributors within

Financial Supply Chain Management

(FSCM) solution

Sector

+25%3

Specialisation

Loan and trade-related fees

Building capabilities for

+18%3

greater diversification

and risk mitigation

Global Financial Institutions

Group income

Deepening

3x3,4

Cashless payments to

Digitalisation

businesses in Singapore

For secure and efficient

+29%3,5

transactions

Digital banking transactions by

businesses across the Group

1. Year on year growth for YTD Aug '21. 2. As of YTD Aug '21. 3. Year on year growth in 9M21. 4. Refers to payments made
on Corporate PayNow in Singapore. 5. Refers to digital banking transactions via UOB Infinity/BIBPlus.	4

Digital Transformation

Consumers

Scale UOB TMRW across ASEAN, reduce cost to serve and deepen engagement to drive customer lifetime value

>2x1

Target income from digitally-engaged2 customers

~5ppt1

Target decline in

cost-to-income ratio for

digitally-engaged2

▪ Tapping on rising

affluence and

Growing Eco-system Partnerships

customers

growing

digitalisation in

Southeast Asia

Embed partnerships and alternative data to digitally acquire at low cost, retain and reward customers

>2x1

Target growth in digitally- enabled3 customers to 7m1

>3k

Merchant tie-ups in Rewards+: Singapore's largest rewards programme

Strengthening Omni-channel Offerings

Digitalise customer	S$137b4,5	>80%7
experiences & processes;	Assets under	SimpleInvest customers
repurpose branches for
more advisory needs	management (AUM)6	are new to wealth
	56% YoY	products

1. By 2026. 2. Customers who have made at least 1 transaction on UOB TMRW or Personal Internet Banking (PIB) in the last 12 months. 3. Customers who have a registered user ID and password for UOB TMRW or PIB. 4. 9M21. 5. Of which around 60% are from customers overseas. 6. Refers to Privilege Banking, Privilege Reserve and Private Bank. 7. From launch to Sep 2021.

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