Humanising Financial Services. Investor Handout. UBS ASEAN Conference 2015 The Fullerton Hotel. 2 September

Transcription

1 Humanising Financial Services Investor Handout UBS ASEAN Conference 2015 The Fullerton Hotel 2 September

2 Table of Contents Executive Summary Financial Performance Prospects & Outlook Financial Results: 2Q FY2015 and 1H FY2015 ended 30 June Appendix: Business Sector Review 1. Community Financial Services 2. Global Banking 3. Maybank Singapore 4. Bank Internasional Indonesia 5. Other segments 6. Affiliates 7. Quarterly Financial Summary Peer Group Benchmarks

3 Group Overview 1H FY2015 performance supported by stronger revenue growth and asset position 1 Stronger revenue growth in first half, net operating income up 10.8% YoY 2 Loan growth in 1H FY2015 at YTD annualised growth of 11.1%, and 6.9% with normalisation of exchange rate 3 Group NIM at 2.28%, a smaller contraction of 3bps from end Dec LDR at 94.2%, but traction in Malaysia and Indonesia improved in 2Q 5 Cost growth higher due to personnel and business-related activities but still within 50% threshold 6 Stable group level asset quality with GIL at 1.56% 7 Strong capital positions with CET1 ratio at 11.48%* and total capital ratio at 15.54%* *After proposed dividend and assumption of 80% reinvestment rate. Fully loaded Group CET1 ratio is 10.93% 2

4 FY2015 Headline Key Performance Indicators Stable performance in 1H FY2015, but operating conditions are changing for 2H FY2015 Annualised YoY Key Performance Indicators FY2015 Guidance Maybank Achievement 1Q FY2015 2Q FY2015 1H FY2015 Industry Average 1 Industry Average Maybank Headline KPI Return on Equity 13.0%-14.0% 12.8% 11.7% 12.1% - - Other Guidance Group Loans Growth 9.0%-10.0% 8.4% 13.6% 11.1% % Malaysia 8.0%-9.0% 3.8% 4.6% 4.2% 7.2% 9.1% 9.9% Singapore 2,3 8.0%-9.0% (1.1)% 17.5% 8.2% 2.0% 3.4% 9.9% Indonesia %- 15.0% 5. 0% 2.6% 3.8% 8.5% 10.3% 2.8% Group Deposits Growth 9.0%-10.0% 6.8% 5.7% 6.3% % Notes: 1 Numbers are annualised based on June 2015 position for Malaysia, Singapore and Indonesia 2 In local currency terms 3 Singapore s industry loan average comprises domestic business unit (DBU) and Asian currency unit (ACU) loans 3

5 Maybank s Regional Strategy Regionalisation of business pillars continues to drive higher income contribution from international operations Business Segment Group Community Financial Services Group Global Banking Group Investment Banking¹ Group Insurance and Takaful Islamic Finance leverage model utilised to distribute Islamic products across the group % of 1H FY15 PBT² 44.2% 49.9% 2.8% 3.2% Description Group CFS serves the Consumer, SME and Business Banking segments of the Group. Established Regional Centres of Excellence in 2014 for Cards, Wealth Management and Retail SME. Standardised private and premier wealth branding across the region. Global Banking covers investment and capital market services for corporate and institutional clients across 20 markets. Includes Investment Banking, Global Markets, Corporate Banking, Transaction Banking and Asset Management. Maybank Kim Eng (MKE), ASEAN s largest brokerage franchise operates in 10 countries. MKE has been in Asia for more than 40 years, providing services in corporate finance, debt markets, equity capital markets, derivatives, retail & institutional securities brokerage and research. Group Insurance and Takaful complements Maybank s growth internationally while leveraging on Etiqa s expertise in takaful and bancassurance. Etiqa is expanding in the region, with Etiqa also currently in the Singapore life insurance market. ¹ Investment Banking is a subset of the overall Global Banking operations ² Before elimination of Group head office cost * PBT numbers are management reporting estimates used internally 4

6 Strong Financial Position: Top 4 Bank in ASEAN Maybank is a Top 4 ASEAN banking group in terms of assets, loans and deposits, and Net Profit Total Assets (USD bil): 30 Jun 2015 Loans and Deposits (USD bil): 30 Jun 2015 DBS OCBC UOB Maybank CIMB Public Bank Siam Commercial Bank Mandiri Bank Rakyat Indonesia Bank Central Asia No.4 DBS OCBC UOB Maybank CIMB Public Bank Siam Commercial Bank Mandiri Bank Rakyat Indonesia Bank Central Asia No Loans PATAMI (USD mil): 12 mths ended 30 Jun 2015 Market Capitalisation (USD bil): 26 Aug 2015 Deposits DBS OCBC UOB Maybank Bank Rakyat Indonesia Bank Mandiri Siam Commercial Bank Central Asia Public Bank CIMB 674 1,980 1,964 1,622 1,587 1,378 1,397 3,219 3,108 2,416 No.4 DBS OCBC UOB Bank Central Asia Maybank Bank Rakyat Indonesia Public Bank Bank Mandiri Siam Commercial CIMB No.5 Source: Bloomberg 5

7 Expanding ASEAN footprint Maybank is present in all ten ASEAN countries, making it a truly ASEAN franchise BANK MARKET 26 Aug 15 (USD Bil) TOTAL 30 Jun 15 (USD Bil) MALAYSIA SINGAPORE INDONESIA THAILAND PHILIPPINES BRUNEI VIETNAM CAMBODIA LAOS MYANMAR 1 DBS OCBC UOB * * 4 BCA Maybank * 6 Public Mandiri SCB CIMB Bangkok * 6 11 BDO Metrobank Universal Banking Retail & Commercial Banking Investment Banking Affiliate/Representative Office * Wholesale Banking license only Source: Bloomberg (for market cap & total assets data)

8 Delivering on Shareholder Return Maybank has seen a steady rise in earnings as we stayed focused on our regional strategy and business growth FY2014 PATAMI of RM6.72 billion was 3.1% ahead of consensus Summary of Analysts' Recommendations as at 28 August 2015 Target Price RM9.55¹ Coverage 24 analysts Recommendations 13 Buy, 8 Hold, 3 Sell Analysts' Consensus: Net Profit (RM mil) FY2015 6,883 RM 6 billion Rights Issue Launched House of Maybank Acquired Kim Eng RM 3.66 billion Equity Private Placement 14.5% 15.2% 16.2% 16.0% 15.1% 13.8% 12.1% 3.1% # FY 2009* FY 2010 FY months FP2011 ^ FY 2012 FY 2013 FY H FY 2015 * FY2009: Lower net profit due to impairment of investment in BII and MCB # RM2.67 billion: FY2009 PATAMI before impairment of investment in BII and MCB ^ 6 months Financial Period ended 31 Dec 2011 due change in financial year end ¹ Includes CLSA and S&P s target price per their respective reports as at 3 Jun 2015 and 29 May Net Profit ROE (%)

9 Table of Contents Executive Summary Financial Performance Prospects & Outlook Appendix: Business Sector Review 1. Community Financial Services 2. Global Banking 3. Maybank Singapore 4. Bank Internasional Indonesia 5. Other segments 6. Affiliates 7. Quarterly Financial Summary Peer Group Benchmarks Financial 8 Results: 2Q FY2015 and 1H FY2015 ended 30 June 2015

10 Results Overview (1/2) Group net profit growth of 3.4% YoY to RM3.28 billion and higher net operating income of 10.8% Net operating income growth of 10.8% Net operating income growth of 10.8% from continued growth in all business pillars: Community Financial Services (CFS) +11.6% Global Banking (Malaysia) +7.2% International Banking +9.5 Insurance & Takaful +2.3% Net fund based income grew 11.2% from: Net interest income growth of 10.1%, driven by Group loans growth of 15.4% Islamic Banking fund based income growth of 14.7% YoY net fee based income growth of 9.9% arising from: Higher foreign exchange gains and commission, service charges and fees Islamic Banking fee based income growth of 42.2% Net profit growth of 3.4% YoY, ROE at 12.1% Net profit growth of 3.4% YoY, offset by: An increase in overheads, mainly arising from higher personnel costs and admin & general expenses Higher net impairment losses due to an increase in loan loss allowances and net allowances for impairment losses on financial investments as well as lower recoveries on legacy loans NIM within expectation Group NIM decreased 3bps from end Dec 2014 position and 8bps YoY as: Yields on loans in Malaysia and Singapore improved, and remained stable in Indonesia But offset by higher deposit costs in Malaysia and Singapore 9

11 Results Overview (2/2) Loans growth continues in the CFS portfolio and expansion in the region Group loans growth of 11.1% YTD (ann.) Group loans growth of 11.1% (ann.) driven by stronger momentum in 2Q: Led by International loans growth of 20.1% Malaysia annualised loans growth of 4.2%, supported by growth in the consumer (+8.3%) and SME (+35.6%) portfolio Offset by contraction in Global Banking loans due to selective lending With normalisation of exchange rate, loans growth would be 6.9% (ann.) Group deposit growth of 6.3% YTD (ann.) Group deposit gathering (6.3% ann.) supported by: International markets deposit growth of 8.3% Deposit growth of 5.1% in Malaysia With normalisation of exchange rate, deposits growth would be 2.5% (ann.) Group GIL at 1.56% Group GIL at 1.56% as: Singapore and Indonesia saw an uptick in their GIL GIL in Malaysia stable at 1.62% Capital ratios remain healthy Group total capital at 15.54% and CET1 at 11.48% as at 30 June 2015 (assuming an 80% DRP reinvestment rate) Interim dividend of 24 sen consisting of 4 sen cash portion and 20 sen electable portion for the Dividend Reinvestment Plan 10

12 P&L Summary: 1H FY2015 Net profit growth of 3.4% YoY to RM3.3 billion More details on RM million 1H FY2015 1H FY2014 YoY 2Q FY2015 1Q FY2015 QoQ 2Q FY2014 YoY s.11 Net fund based income * 6, , % 3, , % 3, % s.11 Net fee based income * 2, , % 1, ,572.1 (14.4)% 1, % Fee based income and net earned insurance premiums 5, , % 2, ,669.9 (12.0)% 2,476.4 (5.1)% s.12 Fee based income¹ 2, , % 1, ,682.8 (22.8)% 1,447.0 (10.2)% s.8 Net earned insurance premiums 2, , % 1, % 1, % s.8 Net insurance benefits & claims incurred, net fee & commission expenses and life & takaful fund tax (2,102.3) (2,052.1) 2.4% (1,004.5) (1,097.8) (8.5)% (1,131.6) (11.2)% s.10 Net operating income 9, , % 4, ,987.5 (2.0)% 4, % s.17 Overhead expenses (4,907.9) (4,254.8) 15.3% (2,418.6) (2,489.3) (2.8)% (2,086.4) 15.9% s.10 Pre-provisioning operating profit (PPOP) ² 4, , % 2, ,498.2 (1.1)% 2, % Net impairment losses (693.6) (278.8) 148.7% (395.0) (298.6) 32.3% (183.4) 115.3% Operating profit 4, ,380.9 (2.4)% 2, ,199.6 (5.7)% 2,209.5 (6.1)% s.9 Profit before taxation and zakat (PBT) 4, ,454.6 (1.4)% 2, ,242.0 (4.1)% 2,246.8 (4.3)% Profit attributable to equity holders of the Bank (Net Profit) 3, , % 1, ,700.4 (6.8)% 1, % EPS - Basic (sen) (1.5)% (8.3)% 17.5 (4.1)% ¹Fee-based income is the combined value of other operating income and fee-based income from Islamic Banking operations ²Pre-provisioning operating profit (PPOP) is equivalent to operating profit before impairment losses * From consolidated Group numbers, Insurance and Takaful accounts for 6.4% of net fund based income and 9.4% of net fee-based income 11

13 Unaudited Income Statement for Insurance and Takaful Business Increased operating income on higher net earned premiums of 4.4%; PPOP was also higher at 6.1% RM million 1H 1H 2Q 1Q 2Q YoY QoQ FY2015 FY2014 FY2015 FY2015 FY2014 YoY Interest income (3.4)% (0.9)% (7.8)% Interest expense (17.0) (11.4) 48.4% (8.5) (8.4) 1.1% (6.3) 34.5% Net interest income (4.6)% (1.0)% (8.9)% Net earned premiums 2, , % 1, % 1, % Other operating income (0.7)% (31.1)% (46.5)% Total operating income 2, , % 1, , % 1,520.5 (7.5)% Net insurance benefits & claims incurred, net fee & commission expenses and life & takaful fund tax (2,153.7) (2,101.4) 2.5% (1,028.9) (1,124.8) (8.5)% (1,157.5) (11.1)% Net operating income % % % Overhead expenses (294.5) (306.2) (3.8)% (123.0) (171.5) (28.3)% (162.2) (24.1)% PPOP % % % Net impairment losses (174.7) (13.7) >100% (116.6) (58.0) 101.1% (13.3) >100% Operating profit (42.8)% % (26.6)% Reconciliation of net insurance benefits & claims incurred, net fee & commission expenses and life & takaful fund tax 12 RM million Net insurance benefits & claims incurred, net fee & commission expenses and life & takaful fund tax 1H FY2015 1H FY2014 YoY 2Q FY2015 1Q FY2015 QoQ 2Q FY2014 (2,153.7) (2,101.4) 2.5% (1,028.9) (1,124.8) (8.5)% (1,157.5) (11.1)% Less: intercompany elimination % (9.6)% 25.8 (5.3)% Total net insurance benefits & claims incurred, net fee & commission expenses and life & takaful fund tax (2,102.3) (2,052.1) 2.4% (1,004.5) (1,097.8) (8.5)% (1,131.6) (11.2)% YoY

14 International & Malaysia Portfolio Mix 1H FY2015 International contribution to Group gross loans at 42.2% and revenue contribution to Group at 35.7% Net Operating Income 1H FY2015 (Jan 15 Jun 15) Profit Before Tax Gross loans* Overseas: 35.7% 7.4% 12.3% Overseas: 29.6% 13.9% 2.0% Overseas: 42.2% 10.2% 7.4% 16.0% RM9.88b 64.3% 13.7% RM4.39b 70.4% 24.6% RM433.3b 57.8% Malaysia Singapore Indonesia Others 1H FY2014 (Jan 14 Jun 14) Overseas: 35.5% 7.3% 12.5% Overseas: 30.2% 3.4% 14.7% Overseas: 39.2% 7.8% 7.9% 15.7% RM8.91b 64.5% 12.1% RM4.45b 69.8% 23.5% RM375.3b 60.8% * Including Islamic loans sold to Cagamas and excludes unwinding of interest & EIR adjustment 13

15 Business Segment Performance 1H FY2015 (1/2) All business sectors (CFS, GB, International Banking and Insurance & Takaful) recorded improved revenue momentum Net Operating Income +10.8% 9,876 8,915 Global Banking (GB) +7.2% 1H FY2014 1H FY2015 RM million +11.6% -0.6% +15.5% +7.6% +55.4% +9.5% +2.3% 4,069 3,646 2,797 3,063 1,136 1, PPOP Total +6.6% 4,968 4,660 Community Financial Services (CFS) Corporate Banking Global Markets Investment Banking Global Banking (GB) +1.5% Asset Management International Banking 1H FY2014 1H FY2015 Insurance & Takaful +5.3% -7.6% +11.9% +6.7% % +6.3% +4.6% RM million 1,920 2, ,398 1, Total Community Financial Services (CFS) Corporate Banking Global Markets Investment Banking Asset Management International Banking Note: Net income & PPOP for group includes expenditures of Head Office & Others of RM783.1 million for 1H 2014 and RM710.4 million for 1H FY2015. Insurance & Takaful 14

16 Business Segment Performance 1H FY2015 (2/2) Higher net fund based growth of 11.2% driven by International Banking and CFS Net Fund Based Income +11.2% Global Banking (GB) +5.4% 1H FY2014 1H FY2015 6,959 6, % +7.0% -1.8% +25.3% <-100.0% +20.7% -3.7% RM million 2,800 3, (0) 2,026 2, Total +9.9% 2,917 2,656 Community Financial Services (CFS) Net Fee Based Income Corporate Banking Global Markets +23.9% -17.2% +30.0% Global Banking (GB) Investment Banking +8.8% Asset Management International Banking 1H FY2014 1H FY2015 Insurance & Takaful +4.9% +64.4% -20.0% +15.1% RM million 845 1, Total Community Financial Services (CFS) Corporate Banking Global Markets Investment Banking Asset Management International Banking Note: Net fund based income includes expenditures of Head Office & Others of RM261.9 million for 1H FY2014 and RM252.0 million for 1H FY2015. Net fee based income includes expenditures of Head Office & Others of RM521.2 million for 1H FY2014 and RM458.4 million for 1H FY2015. Insurance & Takaful

17 Net Fee Based Income: 1H FY2015 (YoY) Net fee based income growth of 9.9% driven by higher commission, service charges and fees and foreign exchange gain RM million 1H FY2015 1H FY2014 YoY Commission, service charges and fees 1,883 1, % Investment & Trading Income (4.0)% Unrealised gain/ (losses) on securities & derivatives (267) 198 (234.6)% Foreign Exchange Profit % Other Income % +9.9% +6.1% 2,917 2,656 2,597 2, % +4.4% +2.4% 1H FY2014 1,952 2,037 1H FY2015 RM million (2,052) (2,102) Total Other operating income Fee Income from Islamic Operations Net Earned Insurance Premiums Net Insurance Benefits & Claims Incurred, Net Fee & Commission Expenses and Life & Takaful Fund Tax 16

18 Group Loans Growth: 30 Jun 2015 Group loans growth of 11.1% (ann.) led by International loans growth of 20.1% (ann.) % of Portfolio 30 Jun Dec 2014 YTD Annualised 30 Jun 2014 YoY Group Gross Loans¹ % % Malaysia (RM billion) ² 58% % % Community Financial Services 70% % % Global Banking 30% (3.7)% % International (RM billion) 41% % % Singapore (SGD billion) 24% % % Community Financial Services (reported) 52% % % Community Financial Services (normalised) 46% % % Global Banking (reported) 47% (28.4)% 19.9 (13.6)% Global Banking (normalised) 54% (7.0)% 19.9 (2.5)% Others 1% (5.0)% 0.0 >100.0% Indonesia (Rupiah trillion) 7% % % Community Financial Services 80% % % Global Banking 20% (22.1)% 30.1 (26.4)% Others 0% % 0.4 (27.8)% Other markets (RM billion) 10% % % Investment banking (RM billion) 1% % % ¹ Including Islamic loans sold to Cagamas and excludes unwinding of interest ² Takes into account others portion - Jun 15: RM15 million; Dec 14: RM7 million; Jun 14: RM87 million ³ Normalised loan growth as at 30 Jun 2015, prior to a transfer of SGD 2.2 billion from GB to CFS for Business Banking segment due to realignment to the Group Customer Segmentation 17

19 Malaysia Loans Growth: 30 Jun 2015 Consumer loan growth of 8.3% (ann.), driven by growth in mortgage and auto finance RM billion % of Portfolio 30 Jun Dec 2014 YTD Annualised 30 Jun 2014 YoY Community Financial Services 70% % % Consumer 57% % % Total Mortgage 26% % % Auto Finance 16% % % Credit Cards 2% % % Unit Trust 11% (3.7)% % Other Retail Loans 1% % % Business Banking + SME 14% % % Business Banking + SME (Re-based¹) 14% % % SME 4% % % Business Banking 10% (3.6%) % Global Banking (Corporate) 30% (3.7%) % Total Malaysia² % % ¹ Re-based loan growth figures are based on adjusted 31 Dec 2014 position in line with migration of client accounts, implemented on 1 Jan Re-based YTD annualised growth was 44.3% for SME and 3.5% for Business Banking. ² Including Islamic loans sold to Cagamas and excludes unwinding of interest and takes into accounts others portion Jun 15: RM15 million; Dec 14: RM7 million; Jun 14: RM87 million 18

20 Group Deposit Growth: 30 Jun 2015 Group deposit growth of 6.3% (ann.) driven by international markets growth of 8.3% (ann.) % of Portfolio 30 Jun Dec 2014 YTD Annualised 30 Jun 2014 YoY Group Gross Deposits % % Malaysia (RM billion) 63% % % Savings Deposits 14% % % Current Accounts 26% (0.7)% % Fixed Deposits 54% % % Others 6% (67.5)% 21.8 (20.4)% International 37% % % Singapore (SGD billion) 24% (2.9)% % Savings Deposits 12% (2.0)% % Current Accounts 13% (7.7)% % Fixed Deposits 74% (0.7)% % Others 1% (57.9)% 0.7 (22.6)% Indonesia (Rupiah trillion) 7% ¹ 8.0% % Savings Deposits 23% % 24.3 (1.0)% Current Accounts 17% % % Fixed Deposits 60% % 65.5 (1.6)% ¹ Includes Others of Rupiah 0.6 trillion 19

21 LDR and CASA Ratio: 30 Jun 2015 Group LDR at 94.2% arising from higher LDR in opportunistic markets Group LDR CASA Malaysia 90.6% 90.6% 91.8% 92.2% 94.2% 86.8% 83.9% 89.5% 91.5% 90.8% 35.7% 34.5% 35.3% 35.4% 34.9% 39.9% 38.1% 39.9% 41.2% 39.6% Jun 14 Sep 14 Dec 14 Mar 15 Jun 15 Jun 14 Sep 14 Dec 14 Mar 15 Jun 15 Singapore BII Group LDR (Bank Level) 94.7% 95.8% 88.4% 89.1% 93.4% 101.1% 102.7% 105.3% 104.5% 102.8% 90.8% 91.1% 92.7% 91.9% 89.7% 25.8% 25.2% 24.9% 24.5% 24.6% 38.3% 38.4% 38.7% 39.2% 39.7% Jun 14 Sep 14 Dec 14 Mar 15 Jun 15 Jun 14 Sep 14 Dec 14 Mar 15 Jun 15 20

22 Overheads: 1H FY2015 Operating expenses higher but cost to income ratio still within 50% threshold Group overheads composition (RM mil) 1H FY2015 1H FY2014 YoY 2Q FY2015 1Q FY2015 QoQ Personnel Costs 2, , % 1, ,419.3 (3.2)% IT Expenses (16.7)% % Establishment Costs % (13.2)% Marketing Expenses % % Administration & General Expenses 1, % (3.4)% Total 4, , % 2, ,489.3 (2.8)% % 1H FY2015 1H FY2014 YoY 2Q FY2015 1Q FY2015 QoQ Total Cost to Income % 49.2% 49.7 (0.5)% Group JAW Position (4.5) 0.8 Note: Excluding one-off expenses such as higher gift point expenses and operational costs as well as provisioning for Maybank staff union s collective agreement, overheads growth was 11.1% YoY for 1H FY2015 with CIR of 47.8%. 21

23 Asset Quality: 30 Jun 2015 Group GIL at 1.56% and provisioning costs higher YoY due to higher loan loss recoveries in prior year Allowance for losses on loans Group Impaired Loans Ratio Loan loss coverage Allowances for losses on loans Gross Impaired Loans Ratio (%) Net Impaired Loans Ratio (%) 107.7% 95.4% 95.6% 93.5% 83.4%* RM million (34.6) Q FY2014 3Q FY2014 4Q FY2014 1Q FY2015 2Q FY2015 1H FY2014 1H FY2015 Jun 13 Sep 13 Dec 13 Mar 14 Jun 14 Sep 14 Dec 14 Mar 15 Jun 15 *Loan loss coverage including Regulatory Reserve is 95.1% 22

24 Asset Quality by Market Improved credit quality in Malaysia, with uptick in Singapore and Indonesia Malaysia Singapore BII Group Gross Impaired Loans Ratio (%) Net Impaired Loans Ratio (%) * 3.55* Jun 14 Sep 14 Dec 14 Mar 15 Jun 15 Jun 14 Sep 14 Dec 14 Mar 15 Jun 15 Jun 14 Sep 14 Dec 14 Mar 15 Jun 15 *BII reported gross NPL (3.48%) and net NPL (2.35%) whereas the chart above represents BII Group s gross impaired loans ratio and net impaired loans ratio 23

25 Capital Adequacy: 30 Jun 2015 Total Capital Ratio and CET1 remain healthy at 15.54% and 11.48% (assuming 80% dividend reinvestment rate) Before proposed dividend After proposed dividend, assuming 80% reinvestment rate After proposed dividend, based on BNM s Implementation Guideline * After proposed dividend and reinvestment ** Group 15.75% 15.54% 15.51% 15.87% 13.37% 13.16% 13.13% 13.17% 11.69% 11.48% 11.45% 11.38% Jun 15 Jun 15 Jun 15 Dec 14 Total Capital Ratio Tier 1 Capital Ratio CET 1 Capital Ratio Bank 15.73% 15.44% 15.40% 15.76% 14.84% 14.56% 14.51% 15.76% Jun 15 Jun 15 Jun 15 Dec 14 Tier 1 and Total Capital Ratio CET 1 Capital Ratio Note: Based on 80% reinvestment rate under the DRP, the fully loaded CET1 Ratio would be at 10.93% (Group) and 9.89% (Bank) respectively. * Capital ratios are computed based on BNM s implementation Guidelines on Capital Adequacy Framework (Capital Components) issued on 8 th May ** Adjusted based on acceptance rate of 82.55% under the 10 th DRP. 24

26 Dividend Board recommended single-tier interim dividend of 24 sen consisting of 4 sen cash portion and 20 sen electable portion Gross Dividend (sen) and Payout Ratio (%) 61.0% 76.5% % % 74.7% 71.9% % % Dividend Payout Ratio %* %* %* %* 33 # 85.7%* %* %* %* %* %* N.A.* Final Interim FY09 FY10 FY11 FP11 FY12 FY13 FY14 FY15 * Reinvestment rate for the Dividend Reinvestment Plan # The Net Dividend is 28.5 sen of which 15 sen is single-tier dividend. 25

27 Table of Contents Executive Summary Financial Performance Prospects & Outlook Appendix: Business Sector Review 1. Community Financial Services 2. Global Banking 3. Maybank Singapore 4. Bank Internasional Indonesia 5. Other segments 6. Affiliates 7. Quarterly Financial Summary Peer Group Benchmarks Financial 26 Results: 2Q FY2015 and 1H FY2015 ended 30 June 2015

28 Market Outlook Key trends and developments affecting the banking industry in 2H FY2015 Key Indicators Outlook Malaysia GDP(f) 4.9% (2014: 6.0%) System loan(f) 7-8% System deposit(f) 6-7% OPR 3.25% (2014: 3.25%) USD/MYR(f) 3.95 (end period) (end 2014: 3.50) Inflation (f) 2.0%-2.5% (2014: 3.2%) Household loan growth to continue moderating amid weak consumer sentiment Business sentiment to remain cautious, loan demand to be supported by ongoing infrastructure projects NIM compression to continue amid a challenging funding cost environment Credit costs set to normalise with lower recoveries Cost efficiency to continue to be a key focus Singapore Indonesia GDP(f) 2.3% (2014: 2.9%) System loan(f) 4%-5% System deposit(f) 4%-5% USD/SGD (f) 1.40 (2014: 1.28) Inflation (f) 0%-0.5% (2014: 1.0%) GDP(f) 4.9% (2014: 5.0%) System loan(f) 12.10% System deposit(f) 14.04% Reference Rate (f) 7.25% (2014: 7.75%) USD/IDR average (f) (2014: 11885) Inflation average (f) 4.12% (2014: 8.36%) Lending environment expected to moderate Stable to modest improvement in NIMs from uptick in rates Asset quality to remain stable with sporadic weaknesses Bank Indonesia expected to cut rates in 4Q FY2015, likely to lead to increased refinancing activity Corporate lending to improve as government infrastructure projects gain traction 27

29 Guidance for FY2015 ROE 12% - 13% Group Loans Growth 8% - 9% Malaysia Loans Growth 6% - 7% Singapore Loans Growth 5% - 6% Indonesia Loans Growth 10% - 13% Group Deposits Growth 10% - 11% 28

30 Strategic Priorities for 2H FY More selective asset growth in view of market conditions 2 Continued focus on deposit taking but expect higher funding costs 3 Remain focused on monitoring and proactive management of asset quality 4 Maintain strong capital position 5 Continued focus on productivity 29

31 Table of Contents Executive Summary Financial Performance Prospects & Outlook Appendix: Business Sector Review 1. Community Financial Services 2. Global Banking 3. Maybank Singapore 4. Bank Internasional Indonesia 5. Other segments 6. Affiliates 7. Quarterly Financial Summary Peer Group Benchmarks Financial 30 Results: 2Q FY2015 and 1H FY2015 ended 30 June 2015

32 Community Financial Services (1/4) Market share in deposits and key consumer loans portfolio strengthened Market Share Dec-12 Dec-13 Dec-14 Mar-15 Jun-15 Jun-15 vs Mar-15 Market Position Loans Total Consumer / Household 17.0% 17.2% 17.4% 17.4% 17.4% Auto (Purchase of Transport Vehicles) 20.2% 21.5% 23.0% 23.4% 23.6% Total Mortgage* 13.4% 13.1% 13.1% 13.1% 13.2% Credit Cards** 15.9% 15.7% 16.1% 16.6% 16.9% Unit Trust 60.2% 55.8% 52.7% 51.7% 51.4% Deposits Total Deposits 17.1% 18.5% 19.0% 18.6% 18.8% Total Core Retail Deposits 18.3% 19.0% 19.4% 19.3% 19.4% Retail CASA 23.6% 24.8% 24.8% 25.3% 25.3% Retail Savings 28.2% 29.8% 29.9% 30.1% 30.8% Retail Fixed Deposits (FD) 15.2% 15.7% 16.5% 16.1% 16.2% Market Share Dec-12 Dec-13 Dec-14 Mar-15 Jun-15 Jun-15 vs Mar-15 Market Position Internet Banking -Subscriber Base 48.0% 45.0% 43.0% 43.0% 43.0% Mobile Banking -Subscriber Base 36.0% 34.0% 32.0% 31.0% 30.0% Branch Network 20.0% 20.0% 20.0% 20.0% 20.0% *Refers to housing and shophouse loans **Credit Cards market share refers to Receivables for commercial banks 31

33 Community Financial Services (2/4) Sustained consumer loans growth with increase in HNW and Affluent segments HNW & Affluent Customer TFA grew 10.9% YoY with higher product cross sell ratio Consumer Loans grew 8.3% (ann.) to RM141.4 billion Q Q Q Q Q 2015 TFA RM'b Product per customer Q Q Q Q Q 2015 Consumer Loan Balance RM'b Mass Mass Customer Customer TFA TFA grew grew 1.4% 1.4% YoY YoY with with higher higher cross cross sell ratio sell ratio Re-based Mass to HNW & Affluent SME & BB Loans grew by 12.8%* (ann.) to RM33.9 billion * Q Q Q Q Q 2015 TFA RM'b Product per customer *Re-based loan growth figures are based on adjusted 31 Dec 2014 position in line with migration of client accounts to Global Banking **Customer classification: HNW (IA > RM250K, TFA > RM1M); Affluent (IA between RM 50K to RM250K, TFA between RM250K to < RM1M) ***TFA: Total Financial Assets (Deposits, Investments, Financing & Protection), IA: Investable Assets (Deposits & Investments) 3 2Q Q Q Q Q 2015 BB+SME Loan Balance RM'b

34 Community Financial Services (3/4) Continued growth in customer deposits by 6.8%, driven by Consumer and SME portfolios CFS Deposits growth of 6.8%* (ann.) led by consumer and SME portfolios * Q Q Q Q Q 2015 CFS Deposits Balance RM'b Retail SME & Business Banking deposits growth of 5.1%* (ann.) * Consumer Deposits growth of 7.8% (ann.) driven by CASA growth of 9.6% (ann.) Q Q Q Q Q 2015 Consumer Deposit Balance RM'b Consumer deposits YTD growth of RM4.6 billion in 1H 2015 was largely driven by Retail CASA which grew by 9.6% (ann.). This resulted in Retail Savings market share improving to 30.8% as at June Retail SME YTD growth of RM1.9 billion or 7.6% (ann.) was contributed by strong growth in Fixed Deposits which grew 24.3% (ann.). 2Q Q Q Q Q 2015 * Re-based deposit growth figures are based on adjusted 31 Dec 2014 position in line with migration of client accounts to Global Banking. SME + BB Deposit Balance RM'b 33

35 Community Financial Services (4/4) Continued improvement in asset quality with GIL at 1.8% CFS GIL continued its improving trend at 1.8% 4,800 3,600 3,658 3,457 3,334 3,109 2,813 2, % 2.0% 1.8% 1.9% 1.8% 1,200-2Q Q Q Q Q 2015 GIL RM'm GIL % -1.8% Consumer GIL held steady, SME & Business Banking improves Industry GIL GIL % Q Q Q Q Q Q CFS N/A Consumer Mortgage Auto Credit Cards Unit Trust Loan SME & Business Banking N/A SME Business Banking Continued improvement in SME & Business Banking GIL at 7.3% 3,500 2,999 3,000 2,803 2,585 2,500 2,458 2,143 2,000 1, % 8.5% 7.9% 1, % 7.0% % 2.7% 2.4% 2.3% 2.1% 2Q Q Q Q Q 2015 GIL RM'm GIL % for SME & BB GIL % for SME 0.1% GIL ratio for consumer financing portfolios held steady on a YoY and QoQ basis. SME and Business Banking GIL continued to improve for a third consecutive quarter. Higher Business Banking GIL in FY2014 was due to impairments of legacy loans, originated prior to the Business Banking transformation undertaken in FY2010 to improve its asset quality position. Improved GIL in 1H 2015 reflects the continuous monitoring of asset quality and recovery efforts. 34

36 Table of Contents Executive Summary Financial Performance Prospects & Outlook Appendix: Business Sector Review 1. Community Financial Services 2. Global Banking 3. Maybank Singapore 4. Bank Internasional Indonesia 5. Other segments 6. Affiliates 7. Quarterly Financial Summary Peer Group Benchmarks Financial 35 Results: 2Q FY2015 and 1H FY2015 ended 30 June 2015

37 Global Banking (1/4) Corporate banking asset quality improved to 1.27% Total GB loans decreased by 3.7% (ann.) to RM73.4 billion but grew 9.6% YoY Trade Finance market share ¹ 25.8% RM billion Term Loan % (ann.) 24.8% 25.4% 24.6% 24.9% 35.5 Jun 14 Sep 14 Dec 14 Mar 15 Jun 15 Trade Finance and Others % (ann.) Corporate Banking GIL ratio improved to 1.27% on a YoY and QoQ basis Overdraft % (ann.) Jun'15 Dec'14 Jun' % 1.57% 1.43% 1.31% 1.27% 1 Market share of total trade products (On Balance Sheet items, Contingent Liabilities and Others) Jun 14 Sep 14 Dec 14 Mar 15 Jun 15 36

38 Global Banking (2/4) Revenue growth of 10.4% YoY for Global Markets business regionally PBT and Revenue grew by 7.3% and 10.4% YoY respectively Net interest income Non-interest income Group Securities Portfolio grew 7.8% YoY +7.8% YoY RM million 1, % 1, % 1, , RM billion Others PDS/Corp Bonds Govt. Securities 1H FY2014 1H FY2015 1H FY2014 PBT Revenue Note: PBT & Revenue includes regional performance 1H FY2015 Jun 14 Sep 14 Dec 14 Mar 14 Jun PDS Foreign 17.0% 24.1% PDS/Corp Bonds -Domestic Group Securities Portfolio: 38.8% Foreign Securities as at 1H FY2015 1H FY2014 Others (NIDs, BA, etc) 8.6% RM101.0 billion Government Securities -Domestic 27.3% 23.1% Government Securities -Foreign PDS Foreign 18.6% 1H FY2015 Others (NIDs, BA, etc) 13.4% 24.2% PDS/Corp Bonds -Domestic RM billion Government Securities -Domestic 23.5% 20.2% Government Securities -Foreign 39.7% of GM PDS (Maybank Conventional Malaysia) rated AA or above as at 1H FY2015 1H FY2014 <A A 0.3% Commercial 0.9% Papers AA 0.8% 20.6% AAA 32.1% RM17.8 billion SA (Govt. Guaranteed) 45.3% 1H FY2015 A 0.4% <A Commercial 0.8% Papers AA 2.5% 18.9% AAA 20.8% RM21.1 billion Note: Group PDS (Maybank Malaysia) for 1H FY2014 and 1H FY2015 are RM20.6 billion and RM22.6 billion respectively SA (Govt. Guaranteed) 56.6%

39 Global Banking (3/4) Maybank Kim Eng saw total income growth of 7.6% YoY to RM636.4 mil for 1H FY2015 1H FY2015 Total Income Total Income for Maybank Kim Eng increased by 7.6% YoY Philippines (RM29.0 mil, 5%) Indonesia (RM9.3 mil, 1%) Hong Kong (RM45.5 mil, 7%) Others (RM29.4 mil, 5%) RM636.4 mil Malaysia, (RM191.1 mil, 30%) RM Million % Thailand (RM195.3 mil, 31%) Singapore (RM136.8 mil, 22%) 1H FY2014 1H FY2015 1H FY2015 Equity Brokerage League Table by Country 1H FY2015 Fee-based Income for Malaysia Country Rank Market Share Trading Value (USD m) Thailand 1 9.2% 29,049 Malaysia 4 8.6% 12,167 Advisory Fees 5% Placement Fees 6% Primary Subscribers' 1% Underwriting Fees 4% Arrangers' Fees 21% Indonesia % 3,928 Philippines 7 4.8% 2,569 Singapore N/A* 4.5% 8,918 Hong Kong Tier2 0.7% 26,071 Agency/ Guarantee Fees 3% Other Fee Income 6% Brokerage 54% * Ranking is not disclosed in respective exchanges Note: Maybank Kim Eng represents the combined business of Maybank IB and business segments under Maybank Kim Eng Holdings 38

40 Global Banking (4/4) Notable Deals for 1H FY2015 Malaysia Singapore Singapore Malaysia Malaysia Malaysia Turkey Hong Kong Sapurakencana TMC Sdn Sapurakencana Bhd TMC Sdn Bhd Pacific Andes Resources Dev t Hap Seng Consolidated Berhad Weststar Aviation Services Sdn Bhd USD 2.32 Billion SGD Million UP TO SGD52.5 Million MYR 1.9 Billion PETRONAS Capital Ltd Mah Sing Group Berhad KT Kira Sertifikalari Varlik Kiralama A.Ş. Samson Paper Company Ltd USD 15 Billion MYR 629 Million MYR 300 million HKD 728 million Syndicated Term Financing Coordinating Bank Joint Mandated Lead Arranger Investment Agent Security Agent Initial Public Offering Sole Financial Adviser Sole Bookrunner Joint Underwriter Partial Offer on 51% of Hafary Holdings Limited Sole Financial Adviser Syndicated Murabahah Term Financing & Islamic Working Capital Facilities Mandated Lead Arranger Lender Global Medium Term Note Programme Joint Bookrunner Rights Issue Joint Managing Underwriter Joint Underwriter Sukuk Wakalah Joint Principal Adviser Joint Lead Arranger Joint Lead Manager Joint Bookrunner Joint Shariah Advisor Sukuk Trustee Syndicated Term Financing Joint Mandated Lead Arranger Bookrunner Joint Under Writer Jan 2015 Jan 2015 Feb 2015 Feb 2015 Mar 2015 Mar 2015 Mar 2015 Mar 2015 Thailand Malaysia Malaysia Singapore Malaysia Malaysia Malaysia Malaysia Platinum Group PETRONAS Global Sukuk Ltd IJM Corporation Berhad Pacificlight Power Pte Ltd / Pacificlight Energy Pte Ltd Cititower Sdn Bhd JV KLCC (Holdings) Sdn Bhd & QD Asia Pacific Ltd Malakoff Corporation Berhad Jambatan Kedua Sdn Bhd Eco World Ballymore Holding Company Limited THB 5.18 billion USD 1.25 Billion MYR 1.98 Billion SGD 1.1 Billion UP TO MYR 3.2 Billion UP TO MYR 1.5 Billion UP TO MYR 4.6 Billion UP TO GBP 1.1 Billion Initial Public Offering Sole Financial Adviser Sole Bookrunner Joint Underwriter Islamic Trust Certificates Joint Bookrunner Privatisation of IJM Land Berhad Principal Adviser Syndicated Credit Facilities Financial Advisor Mandated Lead Arranger Underwriter SBLC Issuing Bank Facility/Security Agent Syndicated Islamic Term Financing Joint Mandated Lead Arranger Bookrunner Joint Underwriter Initial Public Offering Transaction Manager Joint Principal Advisor Joint Global Coordinator Joint Bookrunner Joint Managing Underwriter Joint Underwriter Islamic Medium Term Note Joint Lead Arranger Joint Lead Manager Joint Bookrunner Facility Agent Financial Adviser Syndicated Loan Joint Mandated Lead Arranger Joint Bookrunner Mar 2015 Mar 2015 Apr 2015 Apr 2015 Apr 2015 May 2015 May 2015 May 2015 Hong Kong Philippines Indonesia Philippines Hong Kong Malaysia UAE Fosun International Limited San Miguel Consolidated Power Corporation PT Buana Finance National Grid Corporation of the Philippines The Government of the Hong Kong Special Administrative Region of the People s Republic of China Genting Plantations Berhad Dubai Islamic Bank USD 800 Million USD60 Million USD50 Million PHP1.0 Billion USD 1 Billion UP TO MYR1.0 Billion USD750 Million Syndicated Term Loan Mandated Lead Arranger and Bookrunner 7-Year Syndicated Term Loan Facility Lead Arranger Syndicated Loan Lender Fixed Rate Corporate Notes Lead Arranger Sukuk Wakalah Co-Manager Sukuk Murabahah Issuance Joint Lead Manager Joint Book Runner Sukuk Wakalah Joint Lead Manager Joint Bookrunner May 2015 Jun 2015 Jun 2015 Jun 2015 Jun 2015 Jun 2015 Jun

41 Table of Contents Executive Summary Financial Performance Prospects & Outlook Appendix: Business Sector Review 1. Community Financial Services 2. Global Banking 3. Maybank Singapore 4. Bank Internasional Indonesia 5. Other segments 6. Affiliates 7. Quarterly Financial Summary Peer Group Benchmarks Financial 40 Results: 2Q FY2015 and 1H FY2015 ended 30 June 2015

42 Maybank Singapore (1/3) Net income of SGD 398 million, on higher net fund based income (SGD mil) 1H FY2015 1H FY2014 YoY Net Fund Based income % Net Fee Based income (19.7)% Net income % Overhead expenses % Operating profit (3.9)% Profit before taxation (5.4)% PBT was lower by 5.4% YoY or SGD 11.4 million to SGD million for 1H FY2015. Net fund-based income increased by 13.2% YoY on the back of expanded loan base. Fee-based income declined 19.7% YoY as a decline in both treasury and wealth management income overshadowed a rise in credit-related fees. Overhead expenses increased by 7.1% YoY mainly arising from higher personnel cost from expanded headcount. 41

43 Maybank Singapore (2/3) Loans up by 8.2% YTD (ann.) on the back of higher consumer loans As at 30 June 2015, total loans rose by 8.2% YTD annualised. Consumer loans expanded by 29.1% YTD (ann.) to SGD 14.0 billion, lifted by strong growth in both housing and other personal loans. Car loans continued to decline in line with industry trend. In comparison, business loans contracted by 3.0% YTD to SGD 22.5 billion. Trade finance loans fell amid a slowdown in regional trade flows and lower commodity prices. Diversified Loan Portfolio SGD billion Jun 14 Dec 14 Jun 15 +9,9% YoY +8.2% ann Consumer 38% Corporate 62% Other (Consumer) Car Loan Housing Loan Others (Corporate) Non-Bank financial Inst General Commerce Building & Const Asset Quality increased YoY, on specific accounts Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 GIL Ratio NIL Ratio Maybank Singapore loans up 9.9% YoY, ahead of industry growth of 3.4% 19.6% 13.8% 13.3% 17.3% 16.5% 18.8% 21.3% 14.0% 13.4% 11.6% 9.3% 9.9% 6.7% 3.4% Dec 13 Mar 14 Jun 14 Sep 14 Dec 14 Mar 15 Jun 15 Maybank Singapore Growth Industry Growth 42

44 Maybank Singapore (3/3) Deposits YoY growth of 11.6% outpaced industry growth of 6.4% Consumer deposits account for 58% of our deposits SGD billion % YoY - 2.9% ann. Consumer 58% Corporate 42% Consumer - Time Deposits Consumer CASA Business Time Deposits CASA growth of 6.3% YoY CASA Ratio: 24.6% Time Deposits Demand Deposits Savings Jun-14 Dec-14 Jun-15 Business CASA Jun-14 Dec-15 Jun-15 Maybank Singapore deposit up 11.5% YoY in Jun-15, as compared to the 6.4% rise in system-wide deposit 13.7% 8.7% 6.8% 4.1% 3.3% 5.0% 7.3% 4.4% 16.5% 17.0% 7.0% 8.0% 11.6% Dec 13 Mar 14 Jun 14 Sep 14 Dec 14 Mar 15 Jun % As at 30 June 2015, deposits declined by 2.9% YTD (ann.) to SGD 39.0 billion. Consumer deposits declined by 0.8% YTD (ann.) to SGD 22.6 billion. Consumer CASA was largely unchanged but time deposits fell by 1.0% YTD (ann.) Meanwhile, business deposits fell by 5.9% YTD (ann.) to SGD 16.4 billion on the back of lower CASA (-12.5% YTD ann.) and time deposits (-3.3% YTD ann.) Maybank Singapore Growth Industry Growth 43

45 Table of Contents Executive Summary Financial Performance Prospects & Outlook Appendix: Business Sector Review 1. Community Financial Services 2. Global Banking 3. Maybank Singapore 4. Bank Internasional Indonesia 5. Other segments 6. Affiliates 7. Quarterly Financial Summary Peer Group Benchmarks Financial 44 Results: 2Q FY2015 and 1H FY2015 ended 30 June 2015

46 Bank Internasional Indonesia (1/4) Net profit increased by 14% YoY on higher net fund based income and net fee based income (IDR billion) 1H FY2015 1H FY2014 YoY 2Q FY2015 1Q FY 2015 QoQ Net Fund Based income 3,088 2,785 11% 1,502 1,586 (5)% Net Fee Based income 1, % (26)% Net income 4,170 3,782 10% 1,962 2,207 (11)% Overhead expenses (2,767) (2,469) 12% (1,314) (1,453) (10)% Personnel (1,230) (1,088) 13% (600) (630) (5)% General & Administrative (1,537) (1,381) 11% (714) (823) (13)% Operating profit 1,403 1,313 7% (14)% Provisions Expenses (952) (703) 35% (525) (426) 23% Non Operating Income/ Expenses 73 (93) 178% % Profit Before Tax before Minority Interest % (51)% Net Profit % (48)% EPS - Basic (IDR) % (48%) 45

47 Bank Internasional Indonesia (2/4) Loans growth of 4.1% (ann.) driven by strong growth in retail and business banking Loans composition (Consolidated) IDR Trillion % YoY 4.1% ann Net Interest Margin (Consolidated) % 4.48% 4.76% 4.73% Dec-13 Jun-14 Dec-14 Jun-15 Global Banking Business Banking Retail Banking BII s reported numbers are based on Bank Indonesia s accounting classification regulations while the Maybank Group numbers for BII are based on Group s management reporting classification Asset Quality (Consolidated)* 3.61% 2.77% 3.42% 3.34% 2.62% 2.44% 3.59% 2.56% 4.62% 3.29% Dec-13 Jun-14 Dec-14 Jun-15 Deposits (Consolidated) IDR Trillion % YoY 8.9% ann Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Impaired Loans - Gross Impaired Loans - Net Dec-13 Jun-14 Dec-14 Jun-15 Current Account Saving Account Time Deposit 46

48 Bank Internasional Indonesia (3/4) BII Finance s PBT increased by 23.8% YoY Revenue and Profit Before Tax IDR billion % Consumer Financing IDR billion 37.3% 3,001 4, Jun-14 Revenue Jun-15 Profit Before Tax Jun-14 Jun-15 Asset Quality Unit Financing (unit) 0.23% 0.37% 0.33% 13.3% 25,537 22, % 25,841 23, % 0.12% 0.19% 0.18% 0.15% 0.30% 0.25% 51.7% Jun-14 Sept-14 Dec-14 Mar-15 Jun-15 New Used Total NPL Net NPL Gross Jun-14 Jun-15 47

49 Bank Internasional Indonesia (4/4) WOM Finance revenue increased by 16.9% and asset quality remained stable Revenue and Profit Before Tax IDR billion % Consumer Financing IDR billion 4, % 4, (27) Jun-14 Revenue Jun-15 Profit Before Tax Jun-14 Jun-15 Asset Quality Unit Financing ( 000 unit) 7.7% 3.08% 3.03% 2.75% 2.81% 2.91% % % % 1.24% 1.07% 1.09% 1.45% Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 NPL Net NPL Gross New Used Total Jun-14 Jun-15 48

50 Table of Contents Executive Summary Financial Performance Prospects & Outlook Appendix: Business Sector Review 1. Community Financial Services 2. Global Banking 3. Maybank Singapore 4. Bank Internasional Indonesia 5. Other segments 6. Affiliates 7. Quarterly Financial Summary Peer Group Benchmarks Financial 49 Results: 2Q FY2015 and 1H FY2015 ended 30 June 2015

51 RM billion Islamic Banking (1/2) Higher Group Islamic Banking PBT of 12.3% for 1H FY2015 on the back of strong financing growth Group Islamic Banking Financial Performance RM million 1H FY2015 1H FY2014 YoY Total Income 1, , % Profit Before Tax % Note: Group Islamic Banking includes Maybank Islamic and the Group s other Islamic operations Maybank Islamic: Total Gross Financing grew by 25% (ann.) to RM121.9 billion p19% p31% p16% q3% p30% Dec-14 p43% Jun AITAB Mortgage Term Financing Others (CFS) Term Financing Others (GB) CFS: 21 % GB: 37% Maybank Islamic: Improving key ratios 1H FY2015 1H FY2014 Net Profit Margin (NPM) YTD 1.96% 1.89% Return on Risk-Weighted Assets (RRWA) 2.55% 2.40% Cost to Income Ratio* 38.14% 37.50% Maybank Islamic contribution to Maybank Malaysia Financing as at June 2015 *Cost for 1H FY2014 is normalised after adjustment 50

52 Islamic Banking (2/2) Maybank Islamic Malaysia maintained its leadership for both financing and deposit Maybank Islamic Market Share (Malaysia) Market Share by Product 35.0% 30.0% 30.7% 31.1% 31.6% 32.7% 33.0% 33.4% Jun 15 Jun 14 Automobile financing 41.5% 37.5% 25.0% 20.0% 15.0% 24.1% 25.1% 24.7% 24.9% 24.4% 24.8% Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Home Financing 26.8% 24.3% Term financing 30.1% 29.8% CASA Deposits 31.8% 31.4% Financing Deposit Maybank ranks No.1 by Asset Market Share in Malaysia Sukuk League Table Ranking for 1H 2015 Malaysia Asset Market Share Mar 15 Rank Maybank Islamic 30% 1 CIMB Islamic 11% 2 Bank Islam 9% 3 Source: BNM monthly statistical bulletin Mar-15 and respective Bank s Financial Statements Source: Bloomberg 51

53 Insurance and Takaful Gross premiums for life/family and general rose 3.8% YoY Gross Premium Life / Family (New Business) Market Share AIA Ins. & Tak. Prudential Ins. & Tak. GE Ins. & Tak. Etiqa Ins. & Tak. 14.9% 14.3% 10.2% 18.6% No. 4 in Life/Family (New Business) 0.0% 5.0% 10.0% 15.0% 20.0% General Insurance and Takaful Market Share Etiqa Ins. & Tak. Allianz Insurance AmGeneral Insurance 8.3% 11.1% 13.1% No. 1 in General Insurance and Takaful 0.0% 5.0% 10.0% 15.0% * Market Share is for period Apr 14 Mar 15 (Source: LIAM / ISM Statistics) Profit Before Tax (RM million) -43.9% YoY Total Assets (RM billion) - 0.7% YoY - 3.1% YTD H FY2014 1H FY2015 Jun 14 Dec 14 Jun 15 PBT includes estimated transfer of RM30.4 million from Family Fund in 1H FY

54 Maybank Philippines PBT growth of 29.7% YoY driven by higher net interest income and non-interest income Key Highlights Revenue and PBT Revenue improved by 23.4% or PESO441.0 mil YoY due to higher net interest income and non-interest income, on the back of positive loan growth, increase in commissions and higher gain on sale of securities % YoY 1, ,323.3 PBT increased by 29.7% or PESO87.8 mil YoY on the back of higher income but was partly offset by the increase in overheads and higher loan loss provisions. PESO Mil 29.7% YoY Revenue PBT Gross Loans grew by 18.2% (ann.) driven by the increase in corporate loans and auto loans Customer Deposits declined by 7.9% (ann.) caused by the drop in Current Accounts and Fixed Deposits. Gross impaired loans ratio was higher by 19 bps to 3.70% from 3.51% previously, impacted by the Credit Card and Auto segments. 1H FY2014 Gross Loans and Deposits 1H FY2015 Key Ratios 1H FY2015 1H FY2014 Return on assets 0.96% 0.81% 52, %* 53,110.5 Return on equity 6.07% 1.17% Cost-to-income ratio 73.76% 80.04% Loans-to-deposit ratio % 95.03% Gross Impaired Loans Ratio 3.70% 3.51% No. of branches PESO Mil 48, %* 50,400.7 Gross Loans Customer Deposits *Annualised growth Dec 14 Jun 15 53

55 Table of Contents Executive Summary Financial Performance Prospects & Outlook Appendix: Business Sector Review 1. Community Financial Services 2. Global Banking 3. Maybank Singapore 4. Bank Internasional Indonesia 5. Other segments 6. Affiliates 7. Quarterly Financial Summary Peer Group Benchmarks Financial 54 Results: 2Q FY2015 and 1H FY2015 ended 30 June 2015

56 An Binh Bank Higher revenue growth of 25.7% YoY on higher fee income Key Highlights Revenue and PBT Revenue increased 25.7% or VND201.6 billion primarily contributed by higher fee income % YoY However, PBT dropped by 5.4% or VND9.2 billion due to higher loan loss provision made. Overheads increased by 10.2% due to higher admin and general expenses. Gross Loans was marginally lower by 2.4% (ann.) or VND516.5 billion due to lower FI lending. VND Bil % YoY Revenue PBT Customer Deposits decreased by 10.0% (ann.) or VND2,275.9 billion mainly due to the drop in corporate fixed deposits by VND1,816.0 billion. Gross NPL ratio improved to 2.8% from 5.6% contributed by lower NPL amount compared to prior year. 1H FY2014 Gross Loans and Deposits 1H FY %* Key Ratios 1H FY2015 1H FY2014 Return on assets 0.50% 0.60% Return on equity 5.60% 5.90% Cost-to-income ratio 56.58% 64.56% Loans to deposit ratio 97.66% 92.05% Gross NPL Ratio 2.80% 5.58% VND Bil 42, , %* 42, ,127.8 Gross Loans Customer Deposits Dec 14 Jun 15 *Annualised growth 55

57 MCB Bank PBT increased by 33.7% YoY, on higher revenues and lower provisions Key Highlights Revenue and PBT PBT increased by 33.7% YoY contributed by higher revenue. Net interest income grew by 15.9% YoY, in tandem with the growth in loans and investments. Non-interest income grew by 68.7% YoY mainly contributed by higher gain on sale of securities and higher commissions and brokerage income. PKR billion % YoY +33.7% YoY Revenue PBT Gross Loans rose by 6.6% (ann.) driven by higher domestic loans. Customer Deposits increased by 18.5% (ann.) contributed by an increase in CASA. 1H FY2014 1H FY2015 Gross NPL ratio improved by 93 bps due to a decrease in NPL balance and higher loan balance. Gross Loans and Deposits Key Ratios 1H FY2015 1H FY2014 Return on assets 2.73% 2.79% Return on equity 24.60% 22.99% Cost-to-income ratio 33.41% 37.92% Loans to deposit ratio 45.16% 45.08% Gross NPL Ratio 6.36% 7.29% PKR billion +18.5%* %* Gross Loans Customer Deposits Dec 14 Jun 15 *Annualised growth 56

58 Table of Contents Executive Summary Financial Performance Prospects & Outlook Appendix: Business Sector Review 1. Community Financial Services 2. Global Banking 3. Maybank Singapore 4. Bank Internasional Indonesia 5. Other segments 6. Affiliates 7. Quarterly Financial Summary Peer Group Benchmarks Financial 57 Results: 2Q FY2015 and 1H FY2015 ended 30 June 2015

59 Key Operating Ratios (%) 1H FY2015 1H FY2014 Variance YoY 2Q FY2015 1Q FY2015 Variance QoQ ¹ Total cost excludes amortisation of intangibles for BII and Kim Eng. ² The capital ratios are adjusted based on the assumption of 80% reinvestment rate under the DRP for 1H FY2015 and 85% reinvestment rate for 1Q FY2015 and 1H FY2014 2Q FY2014 Return on Equity (1.4)% (1.1)% 13.4 Net Interest Margin (8) bps bps 2.35 Fee to Income Ratio (0.3)% (4.0)% 30.0 Loans-to-Deposit Ratio % % 90.6 Cost to Income Ratio % (0.5)% 46.3 Asset Quality Gross Impaired Loans Ratio bps bps 1.50 Net Impaired Loans Ratio bps bps 0.97 Loans Loss Coverage (24.3)% (10.1)% Net Charge off rate (bps) (27) (20) (7) bps (29) (24) (5) bps (17) Capital Adequacy (Group)² CET1 Capital Ratio bps bps Total Capital Ratio (42) bps bps

60 Group Gross Loans by quarter 31 Dec Mar Q Annualised 30 Jun Q Annualised Group Gross Loans¹ % % Malaysia (RM billion) ² % % Community Financial Services % % Global Banking (3.9)% 73.4 (3.5)% International (RM billion) % % Singapore (SGD billion) (1.1)% % Community Financial Services (reported) % % Community Financial Services (normalised) ³ 18.9% 16.8³ 33.5% Global Banking (reported) (60.6)% % Global Banking (normalised) ³ (17.9)% 19.4³ 6.3% Others (1.1)% 0.3 (9.2)% Indonesia (Rupiah trillion) % % Community Financial Services % % Global Banking (3.6)% 22.2 (41.0)% Others % 0.3 (70.8)% Other markets (RM billion) % % Investment banking (RM billion) % 5.8 (19.7)% ¹ Including Islamic loans sold to Cagamas and excludes unwinding of interest ²Takes into account others portion - Jun 15: RM15 million; Mar 15: RM7 million; Dec 14: RM7 million ³ Normalised loan growth as at 31 Mar 2015 & 30 Jun 2015, prior to a transfer of SGD 2.2 billion from GB to CFS for Business Banking segment due to realignment to the Group Customer Segmentation 59

61 Malaysia Gross Loans by quarter RM billion 31 Dec Mar Q Annualised 30 June Q Annualised Community Financial Services % % Consumer % % Total Mortgage % % Auto Finance % % Credit Cards % 6.0 (3.5)% Unit Trust % 27.7 (7.8)% Other Retail Loans % % Business Banking + SME (0.9)% % Business Banking + SME (Re-based¹) % % SME % % Business Banking (7.5)% % Global Banking (Corporate) (3.9)% 73.4 (3.5)% Total Malaysia² % % ¹ Re-based loan growth figures are based on adjusted 31 Dec 2014 position in line with migration of client accounts, implemented on 1 Jan ² Including Islamic loans sold to Cagamas and excludes unwinding of interest and takes into accounts others portion - Jun 15: RM15 million; Mar 15: RM7 million; Dec 14: RM7 million 60

62 Group Gross Deposit by quarter 31 Dec Mar Q Annualised 30 Jun Q Annualised 61 Group Gross Deposits % % Malaysia (RM billion) % % Savings Deposits % % Current Accounts % 72.5 (12.9)% Fixed Deposits % % Others (89.7)% 17.4 (58.5)% International % (0.8)% Singapore (SGD billion) (3.9)% 39.0 (1.9)% Savings Deposits (20.9)% % Current Accounts % 5.1 (15.7)% Fixed Deposits (3.3)% % Others % 0.5 (144.9)% Indonesia (Rupiah trillion) 102.8¹ % % Savings Deposits % % Current Accounts % % Fixed Deposits % % ¹ Includes Others of Rupiah 0.6 trillion

63 Table of Contents Executive Summary Financial Performance Prospects & Outlook Appendix: Business Sector Review 1. Community Financial Services 2. Global Banking 3. Maybank Singapore 4. Bank Internasional Indonesia 5. Other segments 6. Affiliates 7. Quarterly Financial Summary Peer Group Benchmarks Financial 62 Results: 2Q FY2015 and 1H FY2015 ended 30 June 2015

64 Largest Banking Group in Malaysia Maybank has retained its leadership in Malaysia in terms of assets and profitability Total Assets (RM bil): 30 Jun 2015 Loans and Deposits (RM bil): 30 Jun Loans Deposits Alliance Affin AMMB HL Bank RHB Cap Public CIMB Maybank Alliance Affin AMMB HL Bank RHB Cap Public CIMB Maybank PATAMI (RM mil): 12 mths ended 30 Jun 2015 Market Capitalisation (RM bil): 26 Aug , , ,721 2,032 2,233 2, Alliance Affin AMMB RHB Cap HL Bank CIMB Public Maybank Source: Bloomberg Affin Alliance AMMB RHB Cap HL Bank CIMB Public Maybank 63

65 Long Term Dividend Yield of Regional Banks Maybank provides superior dividend yield amongst most regional banks Annual Dividend Yield (%) Maybank Public Bank CIMB DBS UOB OCBC Mandiri BCA Bank Rakyat Siam Comm Kasikorn Bank Bangkok Bank Source: Bloomberg 64

66 Humanising Financial Services MALAYAN BANKING BERHAD 14th Floor, Menara Maybank 100, Jalan Tun Perak Kuala Lumpur, Malaysia Tel : (6) Investor Relations Contact Mohamed Rafique Merican Group Chief Financial Officer Contact: (6) rafique@maybank.com.my Narita Naziree Head, Group Performance Reporting & Investor Relations Contact: (6) naritanaziree.a@maybank.com.my Disclaimer. This presentation has been prepared by Malayan Banking Berhad (the Company ) for information purposes only and does not purport to contain all the information that may be required to evaluate the Company or its financial position. No representation or warranty, express or implied, is given by or on behalf of the Company as to the accuracy or completeness of the information or opinions contained in this presentation. The presentation does not constitute or form part of an offer, solicitation or invitation of any offer, to buy or subscribe for any securities, nor should it or any part of it form the basis of, or be relied in any connection with, any contract, investment decision or commitment whatsoever. The Company does not accept any liability whatsoever for any loss howsoever arising from any use of this presentation or their contents or otherwise arising in connection therewith. 65