AmBank Group Results. Investors Presentation. FY2011 Results. 18 May Cheah Tek Kuang Group Managing Director. AMMB Holdings Berhad

Transcription

1 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY AMMB Holdings Berhad AmBank Group Results Investors Presentation FY2011 Results 18 May 2011 Cheah Tek Kuang Group Managing Director

2 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY Contents 1. Executive summary 2. FY2011 Group Financial Performance 3. Strategy & Outlook 4. Divisional Performance 5. Supplementary Information

3 AmBank Group s Transformational journey MTA Reposition & Build Outstanding Profit Growth FY2011 Highlights Improving Returns FY2012 FY2014 Scale & Presence Pre ANZ partnership Grow retail assets Lead in investment banking business Leverage fixed income trading ANZ partnership (2008/2011) Good progress made in strategic business transformation Implemented a number of high priority growth initiatives Streamlined organization and governance to support better decision making Began leveraging on strategic partnerships with ANZ 1, IAG 2 and FP 3 Another successful year 4th consecutive year of record performance (PATMI up 33% yoy) Strong & consistent earnings with broad based revenue growth Improving balance sheet mix & funding position Credit ratings upgraded BBB/A-2/Stable by S&P 4 Disciplined execution Sound capital position Top 20 Bursa Saham listing, ranked top on global banking index Medium Term Aspirations : To become Malaysia s Preferred Banking Group with International Connectivity as measured by; Customer satisfaction Sound financial performances Well diversified and sustainable growth Malaysia remains strong : GDP expect to grow circa 5-6% p.a. until 2016 amid external headwinds Execute to strategic themes, strengthen market positions and leverage on ANZ s international connectivity 1 Australia and New Zealand Banking Group 4 Standard & Poor s 2 Insurance Australia Group 5 Bloomberg as at 31 March 2011 (Conventional + Islamic) 3 Friends Provident 6 MTA: Medium Term Aspirations AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY2011 3

4 Diversification Performance 4 th consecutive year of record performance from a diversified portfolio Another successful year FY07 FY08 FY09 FY10 FY11 Change CAGR Q4FY11 (FY11vs FY10) (FY07-11) Change (Q4FY11vs Q4FY10) PATMI ROE ROA EPS (282.5) mil mil mil 1,008.6 mil 1,342.8 mil 33.1% 24.6% mil 30.9% -5.8 % 11.5 % 11.7 % 11.5 % 13.6% 2.1% 4.9% 12.7% 2.4% % 1.02% 1.04% 1.13% 1.39% 0.26% 0.4% 1.26% 0.20% sen 28.2 sen 31.6 sen 34.7 sen 44.7 sen 28.8% 14.4% sen 31.0% P Strong FY2011 performance : higher revenues with lower allowances Improvement in credit quality with lower charge offs/allowance Paid out maiden interim dividend, expecting a full year 40% payout Broad based earnings growth Retail Business Corporate & Institutional Investment Markets Life Assurance General Insurance FY11 vs FY10 PATMI growth % +27.0% +17.2% +17.6% +4.2% +92.4% +23.8% P Better credit quality underpinned Retail Banking s earnings growth Diversified portfolios yielding higher profits in Business Banking, Life Assurance and General Insurance Good pipeline for Corporate & Institutional Banking, Investment Banking and Markets 1 CAGR computed based on FY2007 underlying profit of RM556.9 million (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY2011 4

5 Exceeded market consensus FY2011 Actual Consensus (as at Apr 10) Actual vs Consensus (Apr 10) Consensus (as at Mar 11) Actual vs Consensus (Mar 11) Revenue 3,913.0 mil 3,901.2 mil + 0.3% 3,968.4 mil -1.4% 1.7% PATMI 1,342.8 mil 1,193.0 mil % 1,336.4 mil + 0.5% ROE 13.6% 12.3% +1.3% 13.2% +0.4% 12.0% 0.9% ROA 1.39% 1.20% +0.19% 1.32% +0.07% EPS 44.7 sen 40.1 sen % 44.8 sen -0.2% 0.12% 11.7% Note : Consensus as at 1 April 2010 and 31 March 2011 (source : Bloomberg) (Conventional + Islamic) Revenue is taken from consensus Sales estimate, PATMI taken from consensus Net Income GAAP estimate, EPS taken from consensus EPS GAAP estimate AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY2011 5

6 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY Medium Term Aspirations : Strategic priorities & growth levers To become Malaysia s Preferred Banking Group with International Connectivity Measured by : customer satisfaction sound financial performances well diversified and sustainable growth Strategic Priorities Growth Levers Profitable growth and rebalancing Diversification and new business development Non-interest income and deposit growth Customer centricity 1. Leverage international connectivity 2. Invest to grow income 3. Enhance customer share of wallet 4. Capitalise on ETP 5. Upgrade capability and productivity

7 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY AMMB Holdings Berhad AmBank Group Results Investors Presentation FY2011 Results 18 May 2011 Ashok Ramamurthy Deputy Group Managing Director & Group Chief Financial Officer

8 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY Contents 1. Executive summary 2. FY2011 Group Financial Performance 3. Strategy & Outlook 4. Divisional Performance 5. Supplementary Information

9 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY Record profit underpinned by higher incomes & lower allowances Financial Performance Income : up 9.4% 8.1% 12.5% 9.4% 4.0% 13.3% 30.5% 35.5% 41.9% 33.4% 42.2% 33.1% 1,342.8 mil Non interest income = 30% of total income Expenses : up 4% Salary & staffing increases, CPI & ongoing medium term investments but within CTI targets 1,008.6 mil PATMI FY10 PATMI FY10 FY11 (RM mil) FY10 (RM mil) Net Interest Income Net interest income Non-Interest Income Non Interest Income Total income Expenses PBP Provisions/ Allowances PBT Tax PAT MI Expenses Impairments Taxation & zakat Minority interests 2, , , , , , , , , , , , , , PATMI FY11 PATMI FY11 Impairments / Allowances within expectations : 67 bps Lower individual impairments and better bad debt recoveries, higher CP Includes PER, impairment losses & allowances for commitments & contingencies Islamic banking contribution 12.3% of Group s FY2011 PAT Variance (213.1) Positive growth in FY11 Contraction in FY11

10 Well diversified divisional contributions PATMI (by division) 27.0% 17.2% 17.6% 4.2% 14.4% 1,008.6 mil 92.4% 23.8% 53.9% 33.1% 1,342.8 mil Retail Banking liability led business, focusing on profit growth via viable segments and lower allowances Business Banking - well-balanced profits with income growth despite higher allowances Investment banking higher income from corporate finance, asset management and equities Corporate & Institutional Banking higher incomes from lending and international businesses Life Assurance and General Insurance - higher incomes from larger fund base and better efficiencies Markets diversifying income with higher contribution from Fx and Derivatives PATMI contribution % Business 15% PATMI FY10 Retail Banking PATMI FY10 Retail banking FY11 (RM mil) FY10 (RM mil) Business Corporate & Investment Business Corporate Investment Banking banking Institutional Banking Life General Operating Markets Life Assurance General Operating Assurance 1 Insurance Segments Variance PATMI FY11 PATMI FY11 CIB 16% Investment 9% Markets 13% General Life 4% 5% Retail 45% Operating Segments (7%) PATMI Positive growth in FY11 Note 1 : Life Assurance surplus is transferred into life policy shareholders fund in overall Group accounts (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

11 Growing non-interest income, reducing NIM. but within expectations Non-interest income movement As % of total income 22% 29% 30% 10.5% 5.0% 39.0% % 1, ,170.3 RM' Mil 1, , % % % 0.9 (0.9) % 15% 26% % % FY09 FY10 Fee Income Trading & Investment Insurance Business Others FY11 FY09 FY09 FY10 FY10 Fee Fee Income Income Trading Trading & Investment & Investment Insurance Insurance Business Business Others Others FY11 FY11 Fee Income Trading & Investment Insurance Business Others NIM and Cost of Funds 3.63% 3.66% 3.44% 2.83% 3.04% 2.98% 2.94% 3.05% 2.95% 2.92% 2.86% 2.91% 2.68% 2.90% 3.01% 2.90% 2.85% 2.47% FY07 FY08 FY09 FY10 FY11 Q1FY11 Q2FY11 Q3FY11 Q4FY11 Cost of funds NIM Note : 1 Net Interest Margin includes Net Financing Income from Islamic Banking business (Conventional + Islamic) 2 COF FY07-FY08 based on data as disclosed in annual reports, FY09-FY11 based on internal data computation AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

12 Lower CTI despite on-going investments to support growth Composition of Operating Expenses RM' Mil 1, , , % 7.1% 10.0% 2.8% , , , , , % 9% 22% Personnel & Marketing & FY08 FY09 FY10 Personnel Establishment Staff Communication Mkt & Administration FY11 Personnel & Staff Establishment Marketing & Communication Administration & General 61% CTI ratio to continue to be in top quartile amongst peers Income / Expenses Jaws 10.6% -3.9% 14.5% Average income growth : 9.7% Average expense growth : 10.2% -3.6% -7.5% 3.9% 22.2% 18.3% 3.9% 9.4% 4.0% 5.4% FY08 FY09 FY10 FY11 Income Income Expenses Expenses / JAWS Cost-Income Ratio Average CTI: 41.4% 43.3% 42.0% 40.2% 39.9% 2008 FY FY FY FY11 Accelerate MTA related expenses growth over next two years (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

13 FRS 139 FRS 139 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY Loan loss coverage exceeding 100% Asset Quality Indicators RM bil 36.7% Net NPL Gross NPL Loan loss coverage Gross impaired loans FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 Day 1 Allowance Q1FY2011 coverage H1FY % 9.6% 1.73% 56.6% % 6.2% 3.18% 67.3% 6.3% 3.7% 0.97% 75.1% 0.60% 4.1% 2.6% 99.5% GP3 2.8% 1.5% 0.88% Allowance coverage FY11 / Day1 change h13.2% Gross impaired loans FY11 / Day1 change i3.5% FY 2006 FY 2007 FY 2008 FY2009 FY2010 Day 1 Q1FY11 H1FY11 9MFY11 FY2011 GP3 89.1% 93.7% 95.5% 97.4% 50bps 102.3% 3.8% 3.6% 3.6% 3.4% 3.3% 0.56% 0.59% 0.69% 0.67% FRS139 adopted under BNM transitional arrangements since April 2010 Historical figures under GP3 basis and not comparable to FRS139 Continue to enhance : - Collections system strategies - Credit / risk tools - Risk / impaired loans management team FY2004 FY2005 Gross NPL ratiofy2006 Net NPL FY2007 ratio FY2008 FY2009 FY2010 Day 1 Q1FY2011 H1FY2011 Net provisions charge Gross impaired loans Loan loss charge

14 Risk, Capital & Funding Profile Growth Sound loans and strong deposits growth; improved risk & financial disciplines Balancing loans & strong deposits growth FY07 FY08 FY09 FY10 FY11 Change (FY11vs FY10) CAGR (FY07-11) Net Lending 1 Customer Deposits 2 CASA P 50.3 bil 54.4 bil 57.9 bil 64.8 bil 71.1 bil 9.7% 9.0% 45.9 bil 57.9 bil 65.2 bil 70.7 bil 81.3 bil 15.1% 15.4% 5.3 bil 6.3 bil 6.8 bil 8.4 bil 9.9 bil 18.5% 16.9% Accelerating growth in profitable segments Strong deposit growth via expanded product and service offerings across all segments Implemented customer segmentation and focus across all divisions, focus on share of wallet Improved risk & financial disciplines FY07 FY08 FY09 FY10 FY11 Change (FY11vs FY10) Net NPL Ratio Gross impaired loans RWCAR Tier 1 CAR LD Ratio 3 CTI P 6.2% 3.7% 2.6% 1.5% 3.8% 3.3% 0.5% 10.1% 14.1 % 15.2 % 15.8 % 14.4% 1.4% 6.8% 8.5% 9.7% 10.3% 10.2% 0.1% 109.8% 94.1% 88.7% 91.7% 87.4% 4.3% 38.8% 40.2% 43.3% 42.0% 39.9% 2.1% Proactive risk management Balance sheet well positioned for rising interest rates and with stronger funding profile FRS 139 adopted under BNM transition, implemented new FTP 4 and FRS disciplines Capital is strong and continues to grow internally 1 Includes Islamic loans sold with recourse 3 Based on net loans including loans sold with recourse over adjusted customer deposits (Conventional + Islamic) 2 Adjusted customer deposits include term funding and loans sold with recourse 4 Funds transfer pricing AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

15 Loans portfolio rebalancing continues Gross Loan / Financing movement 66.6 bil 34% 1.2% 8.5% 10.5% Retail 3% 9.9% 16.3% 7.6% 27.2% Non-Retail 25% 26.7% 3.6% 10.5% 73.6 bil 38% Profitable & viable growth: Retail : target viable and profitable segments Biz & SME growth : stable and preferred growth sectors CIB : project financing with government support, GLC s & large MNC s Rebalancing: Increasing composition of variable rate loans mix Diversification: Gross loan FY10 66% Auto Financing Mortgage Credit Cards Line of Credit Co-Op Asset Financing Business Banking (ex GLR) Corporate & Institutional Banking Others 62% Gross loan FY11 Increasing composition of Business / Corporate loans mix Gross loan % of FY10Gross loan FY11 33% 20% 1.4% 1% 3% 3.6% v 20% v 16% v 2% v composition Corporate & Others Auto Mortgage Credit Cards Line of Co-Op Asset Business Gross Loan Institutional Financing Credit Financing Banking FY10 Banking FY11 (RM bil) FY10 (RM bil) Retail Non-Retail Positive growth in FY11 Contraction in FY11 Gross loan FY10Gross loan FY11 Gross Loan FY11 by Interest Rate Type Mar-08 Mar-11 Fixed Rate Conventional 47% 34% Islamic 15% 15% Variable Rate 62% 49% Conventional 38% 47% Islamic 0.1% 4.5% 38% 51% (Conventional + Islamic) (gross before netting loans sold to Cagamas) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

16 More stable funding and well distributed debt maturities RM'bil Rising individual & government deposits [20%] 27.4 [34%] 29.7 [36%] [10%] FY07 FY08 FY09 FY10 FY11 Term funding Individuals Biz enterprises Government Improving funding composition 24.6% 4.9% 9.2% 7.4% 4.3% 1.0% 1.2% 1.5% 0.6% 3.0% 2.0% 0.7% 6.9% 1.4% 4.0% 71.8% 77.0% 77.4% 74.4% 95.2% 59.8% 10.2% 14.0% 13.9% 15.0% 13.9% FY07 FY08 FY09 FY10 FY11 Shareholders' Equity & Debt Capital Deposits from Customers Term Funding &loans sold with recourse > 1 yr Term Funding & loans sold with recourse < 1 yr Deposits from Banks and FIs RM'bil Issuance Lengthening debt capital & term funding profile Maturity Funded assets financed by equity, customer deposits and longer-term debt : FY11 = 95.2% FY10 = 93.9% FY09 = 91.6% FY08 = 87.8%* FY07 = 74.0% - FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19+ Debt Capital Term Funding Loans sold to Cagamas Issued RM2.92 bil Senior Notes (RM7 bil program) and RM550 mil Senior Sukuk (RM3 bil program) since early Term funding includes Senior Notes, credit-linked notes, loans sold with recourse and other sources such as pension and retirement funds, non-profit organisations and similar (Conventional + Islamic) * Based on AmIslamic Bank Bhd maturity profile AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

17 Balance sheet well positioned for rising interest rates RM bil Interest / Profit Rate Risk : 0-12 months Interest / Profit Rate Risk : 1-5 years Mismatch profile Net mismatch > 12 months FY2008 FY bil 18.0 bil Net mismatch : Net mismatch : FY2010 FY bil -3.7 bil FY2008 FY2009 FY2010 FY2011 FY2008 FY2009 FY2010 FY2011 Interest / Profit Rate Risk : > 5 years Interest / Profit Rate Risk : Non-Interest Sensitive Net mismatch : Net mismatch : Assets Liabilities Equity Off balance sheet gap/derivatives 1 Net mismatch comprises on-balance sheet and off-balance sheet interest rate gap sensitivity (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

18 Traded portfolio duration shortened in anticipation of rising rates MGS MMS As % of Total Assets 1.1% 0.6% 0.4% 0.3% 4.3% 6.0% RM'mil 1,033 RM'mil 6, , ,102 3, ,168 3,295 Increase in HFT for FY2011 from highly liquid MMS holding FY09 FY10 FY11 FY09 FY10 FY11 FY09 FY10 FY11 FY09 FY10 FY11 PDS DECS, Shares, UT & Others As a % of Total Assets 7.0% 5.0% 4.4% 1.7% 2.3% 1.8% RM'mil 6,333 RM'mil 2, ,987 4,844 4,755 1, ,751 4,031 3, ,366 1, ,333 FY09 FY10 HFT FY11 AFS FY09 HTM FY10 FY11 * AFS and HTM balances before accumulated impairment losses Note : HFT = held for trading, AFS = available for sale, HTM = held to maturity, (Conventional + Islamic) MGS = Malaysian Government Securities, MMS = money market securities, PDS = private debt securities, DECS = debt equity converted securities, UT = unit trusts AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

19 Good momentum in key investment banking portfolios, profitable focus in Assurance Market Rank # Asset Mgmt [#4] Unit Trust [#2] Cash management / Money Market [#1] AUM 30,000 20,000 14% Institutional & Unit Trust AUM Market Share 17% 15% 14% 14% 13% 26% 10.0% Trading Value 120,000 7% 80,000 Brokerage Market Share 10.0% 8% 8% 8% 8% 5.0% 92,845 30% Institutional Fund [#3] Fixed Income (Institutional Funds & Unit Trust) [#1] 10,000-18,291 14,976 10,219 Asset Under Management 15,954 24,357 19,273 Market Share 0.0% -10.0% 40,000-39,941 Trading Value 49,908 46,596 Market Share 60, % -5.0% Unit trust : Institutional funds at ratio 55% : 45% CY06 CY07 CY08 CY09 CY10 RM mil General Insurance Life Assurance Fund Assets 1, ,000 Gross Premium % 0 Fund Assets 4, Gross Premium % ,017 1,175-1,000 2,000 1,165 1,430 1,701 2,035 2,388 2,522 (400) - -2,000 - General Fund Assets* Gross Premium Life Fund Assets Gross Premium FY06 FY07 FY08 FY09 FY10 FY11 FY06 FY07 FY08 FY09 FY10 FY11 (1,200) * Prior to December 2008, based on general funds per BNM DGI returns. December 2008 & post December 2008 based on BNM DGI returns with total asset (Conventional + Islamic) (general funds + shareholders funds) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

20 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY Delivering higher shareholders returns ROE ROA -5.8% 11.5% 11.7% 11.5% 13.6% -0.17% 1.02% 1.04% 1.13% FY07 FY08 FY09 FY10 FY11 FY07 FY08 FY09 FY10 FY11 EPS, Basic Sen/Share Dividend, Gross Sen/Share 1.39% ROE above FY2011 guidance Paid maiden interim dividend in H1FY11 Proposed dividend payout at top end of FY2011 guidance (40%) 40% sen 28.2 sen 31.6 sen 34.7 sen 28.8% 44.7 sen Dividend payout ratio (loss year) 5.0 sen 18.3% 19.0% 6.0 sen 8.0 sen 28.1% 10.5 sen 12.0 sen 6.0 sen Interim Dividend Final Dividend Dividend Payout Ratio

21 Capital levels positioned well for Basel III and target payouts CET 1 ratio Movement : Pro-forma AmBank Group Banking Entities* Capital Adequacy by Legal Entities 1 0.7% 0.4% 1.6% 0.5% 1.1% Tier 1 CAR RWCAR AmBank (M) Berhad 9.5% 14.4% 8.1% 7.38% 7.02% 7.38% 8.96% 7.98% 8.0% AmInvestment Bank Berhad 21.7% 21.7% AmIslamic Bank Berhad 8.0% 12.5% CET 1 31 Mar 10 Balance sheet business growth BNM changes to committed lines PATMI One off: Sale of AmIslamic Dividend & others CET 1 31 Mar 11 Capital adequacy : 10.1% 10.1% 6.8% 6.8% 5.8% 5.8% Pro-forma AmBank Group Banking Entities* 14.1% 14.1% 8.5% 8.5% 15.2% 15.2% 9.7% 9.7% 15.8% 15.8% 14.8% 14.8% 14.4% 14.4% 10.3% 10.2% 10.3% 10.2% 7.6% 7.7% 8.1% 8.0% 7.6% 7.7% 8.1% 8.0% FY2007 FY2008 FY2009 FY2010 FY2011 FY2007 FY2008 FY2009 FY2010 FY2011 CET CET 1 Ratio 1 Ratio Core Tier capital 1 CARratio RWCAR RWCA RWCAR proforma BNM changes to committed lines on a pro-forma basis Capital management plan : 1. Optimise capital profile & buffer 2. Increase scenario modeling 3. Streamline corporate structure (e.g. AmIslamic) 4. Develop dynamic dividend policy 5. Proactively manage Basel III requirements * Banking entities include AmBank (M) Berhad Group, AmInvestment Bank Group and AmIslamic Bank (Conventional + Islamic) 1: FY2011 (after deducting proposed dividend) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

22 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY Contents 1. Executive summary 2. FY2011 Group Financial Performance 3. Strategy & Outlook 4. Divisional Performance 5. Supplementary Information

23 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY What s ahead Malaysia & Industry Emerging Opportunities & Challenges AmBank Group Leveraging Tailwinds & Disciplined Execution Malaysian economy to remain healthy, balanced and sustain growth GDP CY2011e : 5.5% 1 amid global headwinds, supported by ETP (which is being fast tracked) and steady consumer demand Domestic fundamentals intact Potential downside risk : slower global economic growth Geo-political turmoil and natural disasters Inflation : rising oil & commodity prices Euro zone's solvency risk Capitalise on various opportunities in domestic economy growth plans (e.g. ETP, 2 nd Capital Market Master Plan, National Budget) Execute to strategic themes and strengthen market positions, position for growth Leverage on ANZ s international connectivity to began tap on regional opportunities Competition pressures and selective irrational pricing Focus on profitable and viable segments and pricing for risk, and grow share of wallet OPR increased 25 bps in May 2011, expect OPR to be kept at 3% until year-end SRR ratio increased 1% on 1 April 2011, and to increase by 1% on 16 May 2011 to 3% Higher common equity & stable funding requirements under Basel III, but with longer transition period Stronger foundations of capital, liquidity and funding Better positioned for rising interest rates Proactively manage for Basel III and regulatory reforms Continue to streamline corporate structure 1 In house research

24 Good start in FY2011. transformation underway to deliver greater value MTA : To become Malaysia s Preferred Banking Group with International Connectivity As measured by Divisional Aspirations customer satisfaction sound financial performances well diversified and sustainable growth Retail* Develop a liability-led business, grow assets in targeted segments and expand Wealth Management Business* Grow diversified & profitable assets, increase deposits, fee based business & international trade finance leveraging on ANZ Transaction* To become Top 5 Transaction Banking Service Provider in Malaysia by 2016 with 10 % market share Corporate & Institutional* Investment* Markets* Life Assurance General Insurance Deliver innovative and quality solutions, increase share of wallet, target high-profile and high-value clients and leverage ANZ for x-border businesses Deliver comprehensive solutions, lead in capital markets, funds management, stock broking and enhance domestic & overseas distribution via ANZ Deliver substantive, integrated and client-led business with full suite of FX, Rates, Commodities and FI offerings with ANZ collaborations To be the top life insurer preferred for service; an industry benchmark for TCF, strong infrastructure, sufficient scale to be relevant and credible but whilst maintaining margins and cash profile To provide insurance solutions to our customers and business partners that meet their insurance needs and exceed their service expectations *Conventional + Islamic (Conventional + Islamic) MTA : Medium Term Aspirations AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

25 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY Business transformation and growth plans Growth Levers Strategic Initiatives Leverage ANZ s international connectivity via biz development initiatives Expand product and service offerings for cross-border opportunities Broaden regional clientele base & widen distribution network 1. Leverage international connectivity 2. Invest to grow income 3. Increase customer share of wallet 4. Capitalise on ETP 5. Upgrade capability and productivity Develop customer centric business models Enhance wealth management business Carve out Transaction Banking as a division focusing on cash management and international trade Develop new family Takaful business with FP Introduce new products and enhance relationship teams Develop products to fulfill customer segment & life cycle needs Enhance distribution footprints for easier accessibility Up ante in cross-selling efforts across Group Execute core banking system toenhance customer management Target ETP projects in NKEA sectors Key focus areas loans, bridging finance and advisory services for PDS issuances / capital market activities and private pension industry Invest in human capital development Enhance account planning system for business growth Consolidate operations to deliver efficiencies

26 Medium Term Aspirations and estimates FY07 FY 08 Actual FY 09 FY 10 FY 11 Medium Term Aspirations (MTA) FY FY2014 PATMI ~ ROE CTI Net NPL ratio / Gross impaired loans - RM mil RM mil RM mil RM 1,008.6 mil RM 1,342.8 mil 14 16% CAGR - 5.8% 11.5% 11.7% 11.5% 13.6% 14 16% * 38.8% 40.2% 43.3% 42.0% 39.9% 42% 6.2% 3.7% 2.6% 1.5% / 3.8% 3.3% % Adjusted for Basel III impacts Investing for growth over medium term Dividend: Gross Payout 5.0 sen / share (loss year) 6.0 sen / share 18.3% 8.0 sen / share 19.0% 10.5 sen / * share 28.1% 18.0 sen / share 40% 40 50% * Payout Met or exceeded 2011 guidance ~ PATMI = profit after tax and minority interests * Adjusted for Basel III impacts (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

27 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY Outlook & Priorities Outlook Malaysian and regional economies remain healthy amid external headwinds Government targeting GDP growth of 5 6% p.a. (2011 to 2016) and high-income economy by 2020 Increasing competitive pressures from new entrants and existing players but hopefully improving price disciplines with BNM oversight Banking sector set to benefit from ETP and CMP 2 - more lending and debt market activities, foreign investment flows, funds management, private sector involvement, domestic consumption and etc. Priorities Profitable growth and rebalancing Diversification and new business development Non-interest income and deposit growth Customer centricity

28 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY Contents 1. Executive summary 2. FY2011 Group Financial Performance 3. Strategy & Outlook 4. Divisional Performance 5. Supplementary Information

29 Retail Banking Division : Improved asset quality main contributor to higher profits Develop a liability-led business, grow assets in targeted segments and expand Wealth Management Income Composition to Group 47.5% Expenses PBP PAT 45.5% 48.8% 43.4% RM'mil FY10 FY11 FY11 vs FY10 Income 1, , % Expenses % PBP 1, , % Impairments / Allowances % PBT % PAT % Gross Loans / Financing 44, , % Net Loans / Financing 42, , % Gross NPL / Gross Impaired Loans 3.10% 1, ,410.0 N/A Customer Deposits 30, , % CASA Deposits 6, , % * Income performance focusing on profitable segments and pricing for risk Expenses - growing footprints & channels, and upgrade in risk tools, people cost and IT systems Lower impairments driving higher profits FY2010 loans and deposits adjusted for segment realignment Better than system CASA growth ROA 1.22% 1.36% +0.14% CTI 39.4% 38.2% -1.2% Loan Loss Coverage / Allowance Coverage 85.1% 90.5% N/A * FY10 results Positive growth in FY11 Contraction in FY11 * FY10 figures under GP3 basis and not comparable to FRS139 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

30 Business Banking Division : Good profit growth despite higher impairments Grow diversified & profitable assets, increase deposits, fee based business & international trade finance leveraging on ANZ Composition to Group Income Expenses 12.7% 6.7% PBP PAT 16.7% 14.6% FY11 vs RM'mil FY10 FY11 FY10 Income % Expenses % PBP % Impairments / Allowances % PBT % PAT % Gross Loans / Financing 11, , % Net Loans / Financing 11, , % Gross NPL / Gross Impaired Loans 1.67% N/A* Customer Deposits 7, , % CASA Deposits 1, , % ROA 1.59% 1.59% +0.00% CTI 23.9% 20.9% -3.0% Loan Loss Coverage / Allowance Coverage 302.9% 96.8% N/A* Term Loan & Revolving Credit 6, , % Trade Finance 3, , % G G Income growth - lending to stable sectors, trade and transactional Cost increase mainly from expansion in relationship team FY2010 loans and deposits adjusted for segment realignment Strong CASA growth, leveraging on better relationship building and new products Income contribution Cash Management, 2.5% Trade Services, 25% Business Banking 72% Others, 0.5% FY10 results Positive growth in FY11 Contraction in FY11 * FY10 figures under GP3 basis and not comparable to FRS139 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

31 Corporate & Institutional Banking Division : Strong profit growth and lower impairments Deliver innovative and quality solutions, increase share of wallet, target high-profile and high-value clients and leverage ANZ for x-border businesses Income Expenses PBP PAT Composition to Group 9.2% 6.4% 11.1% 15.1% RM'mil FY10 FY11 Income % Expenses % PBP % Impairments / Allowances 19.1 (5.9) ->100.0% PBT % PAT % CTI 26.1% 27.6% +1.5% Net Loans / Financing 9, , % Customer Deposits 30, , % Ave Assets Management , % Ave Volume / Contract Traded (RM'mil/month) S'pore SE 159, , % 2 Indonesia SE 63, , % AmFIPL 1, , % 4 PTAMCI % Market Share as at: AmFIPL 1.2% 1.0% -0.2% PTAMCI 0.9% 0.8% -0.1% Diversified loans portfolio good support for income growth Higher contribution from international business Impairments benefitted from bad debts recovered and lower collective impairment FY2010 loans adjusted for segment realignment International Businesses, 20% Income contribution Asset Management 4% 4 * Services include : large corporate lending, large corporate deposits, financial institutions group, offshore banking, FY10 results international business, private equity, REITs and loan syndication Positive growth in FY11 Note : 1 Singapore Stock Exchange 2 Indonesia Stock Exchange (Conventional + Islamic) 3 AmFraser International Pte Ltd Contraction in FY11 4 PT AmCapital Indonesia AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY FY11 vs FY10 Lending & Deposits, 76%

32 Investment Banking Division : Subdued debt market but other businesses have done well Deliver comprehensive solutions, lead in capital markets, funds management, stock broking and enhance domestic & overseas distribution via ANZ Income Expenses PBP PAT Composition to Group 9.1% 12.0% 7.3% 9.1% RM'mil FY10 FY11 Income % Expenses % PBP % Impairments / Allowances % PBT % PAT % CTI 52.1% 52.2% +0.1% Ave Assets Management 20, , % Ave Volume / Contract Traded (RM'mil/month) Bursa M'sia 56, , % Future KL index % IB Broking 4, , % AmFuture % Market Share as at: 1 FY11 vs FY10 IB Broking 7.6% 7.4% -0.2% AmFuture 19.7% 23.7% +4.0% G G G Good contributions from asset management, corporate finance and equities Private Banking, 7% Fund Mgmt, 26% Income contribution Broking & Futures, 30% Debt Cap Market, 9% Equity, 16% Corporate Finance, 13% FY10 results Positive growth in FY11 Contraction in FY11 1 Including AmInvestment Management, AmInvestment Services, AmIslamic Funds Management & private banking (Conventional + Islamic) Source : Malaysia Association of Asset Management & Lipper Hindsight AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

33 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY Markets : Good growth momentum in FX & Derivatives and lower impairments Deliver substantive, integrated and client-led business with full-suite of FX, Rates, Commodities and FI offerings with ANZ collaborations Income Expenses PBP PAT Composition to Group 7.9% 4.4% 10.2% 12.7% RM'mil FY10 FY11 FY11 vs FY10 Income % Expenses % PBP % Impairments / Allowances % PBT % PAT % Higher income from FX & derivatives Expenses reflect continuous investment in FX, rates, derivatives & commodities establishment Lower AFS impairment Income contribution Rates, 7% Others, 2% CTI 13.9% 22.2% +8.3% G PAT : Fx and Derivatives >100% Total Group: Financial assets HFT 1, , >100% Financial investments AFS Financial investments HTM 9, , % % G G G G G Foreign exchange, 21% Fixed Income, 70% FY10 results Positive growth in FY11 Contraction in FY11

34 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY Life Assurance : Stronger contribution to Shareholders, sound capital adequacy To be the top life insurer preferred for service; an industry benchmark for TCF, strong infrastructure, sufficient scale to be relevant and credible but whilst maintaining margins and cash profile Income Composition to Group 1.9% 4.4% PAT RM'mil FY10 FY11 FY11 vs FY10 Net Income % PAT % Life Assurance fund assets 2, , % CAR ratio 258.4% 215.0% -43.4% Higher income - larger fund assets, from enhanced agency network, product bundling and cross selling Decrease in CAR due to changes in BNM guidelines and business mix (sold more products with guarantees) Marginal decline in gross written premium from lower margin single premium businesses Gross written premium % * Life assurance shareholders fund accounts FY10 results Positive growth in FY11 Contraction in FY11

35 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY General Insurance : Higher income and improved efficiencies To provide insurance solutions to our customers and business partners that meet their insurance needs and exceed their service expectations Composition to Group 4.3% 5.4% 3.6% 4.3% RM'mil FY10 FY11 FY11 vs FY10 Income % Expenses % PBP % Impairments / Allowances 1.0 (1.1) ->100.0% PBT % PAT % CTI 57.2% 50.2% -7.0% General Insurance fund assets 1, , % Claim ratio 72.6% 69.8% -2.8% Management expense / earned premium 15.3% 14.8% -0.5% G G G G G Higher income - larger gross written premium, from enhanced up- and cross-selling, and established distribution network FY10 results Positive growth in FY11 Contraction in FY11

36 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY Group Operating Segments Enablement functions governing and supporting delivery of improving divisional performances Composition to Group 7.3% 19.6% -0.9% PAT -3.7% RM'mil FY10 FY11 FY11 vs FY10 Income % Expenses % PBP (85.7) (21.4) +75.0% Impairments / Allowances % PBT (245.3) (40.6) +83.4% PAT (182.7) (51.5) +71.8% PATMI (216.7) (99.9) +53.9% Higher income from : Shareholders fund, Corporate & Shared Services - consolidation adjustments Lower income from Loan Rehab units - recovery rate as scheduled FY10 results Positive growth in FY11 Contraction in FY11

37 Islamic Banking : Good loans and deposits growth, higher impairments To become the Islamic Bank of choice and ensure a high degree of value for our customers, employees & stakeholders Composition to Group Income Expenses PBP 18.4% 18.1% 18.6% PAT 12.3% RM'mil FY10 FY11 FY11 vs FY10 Income % Expenses % PBP % Impairments / Allowances >100% PBT % PAT % Underlying branding position remains strong and expected to provide growth support Higher collective provisions due to structural changes associated with COOP lending industry resulting in increased provisioning under FRS 139 methodology Normalisation of collective provisions expected in FY2012 Net Financing 11, , % Gross NPF / Gross Impaired Financing 2.1% N/A* Customer Deposits 13, , % CASA Deposits 2, , % ROA 2.06% 0.91% -1.15% G CTI 34.5% 39.4% 4.9% Financing Loss Coverage / Allowance Coverage 137.0% 157.4% N/A* * Results incorporated under respective business divisions FY10 results Positive growth in FY11 Contraction in FY11 * FY10 figures under GP3 basis and not comparable to FRS139 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

38 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY Contents 1. Executive summary 2. FY2011 Group Financial Performance 3. Strategy & Outlook 4. Divisional Performance 5. Supplementary Information

39 Industry Growth : Loans by Sector, Deposits by Type RM bil Industry Loans Growth by Purpose Mar '10 Mar '11 Industry Loans Composition AmBank Group s growth : 0.1% 5.6% 1.1% 8.9% 2.0% 24.2% 10.5% Industry growth 8.8% 13.2% 12.5% 14.3% 11.9% 14.5% 13.2% 50.2% 14.9% 26.8% % 3.3% Purchase of Transport Vehicles Purchase of Residential Properties Credit Cards + LOC Personal Use Business & Corporate Loans Purchase of Transport Vehicles Purchase of Residential Properties Credit Cards + LOC Personal Use Retail Loans Business & Corporate Loans Total Loans need to key in manually Industry Deposits Growth by Type Mar '10 Mar '11 AmBank Group s growth : 7.0% 29.0% 18.5% 6.8% 8.2% Industry Deposits Composition 13.2% Industry growth 4.4% 15.4% 11.2% 8.0% 9.1% % 23.2% Savings Current Account Fixed Deposits Savings Current Account CASA Fixed Deposits Core Deposits (Conventional + Islamic) Source : BNM AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

40 Loans by Economic Purpose : AmBank Group vis-à-vis Industry RM bil AmBank Group Loans Loans Growth Growth by by Economic Economic Purpose Purpose Mar-10 Mar % 5.6% 1.1% 8.9% 21.3% 18.7% 13.7% 18.7% 15.2% 39.6% 26.8% Purchase of Transport Vehicles Purchase of Residential Properties Credit Cards Personal Use Purchase of Non- Residential Properties Purchase of Securities Fixed Assets Consumer Durables Construction Working Capital Other purpose composition : 34.7% 16.6% 2.3% 3.5% 6.3% 2.8% 1.6% 0.0% 2.4% 21.4% 8.4% RM bil Industry Loans Growth by Economic Purpose AmBank Group Loans Growth by Economic Purpose Mar-10 Mar % 8.8% 13.2% 5.6% 12.5% 1.1% 14.3% 8.9% 22.4% 21.3% 18.7% 15.5% 5.3% 13.7% 18.7% 16.3% 15.2% 17.7% 39.6% 10.3% 20.5% 26.8% % 13.2% 12.5% 14.3% % 15.5% 5.3% 16.3% 17.7% 10.3% 20.5% Purchase of Transport Vehicles Purchase of Transport Vehicles Purchase of Residential Properties Purchase of Residential Properties Purchase of Fixed Assets Consumer 19.2 Credit Cards Personal Use Purchase of Non- Residential Credit Cards Personal Use Purchase Properties of Non- Residential Properties Securities Purchase of Securities Fixed Assets Durables Consumer Durables composition : 14.9% 26.8% 3.3% 4.8% 10.4% 4.6% 1.0% 0.0% 2.5% 25.7% 6.1% Construction Working Capital Other purpose Construction Working Capital Other purpose (Conventional + Islamic) Source : BNM, internal reports AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

41 Malaysia s GDP growth driven by ETP and steady domestic demand % 15.0 Malaysia s GDP growth vs. ASEAN countries 14.5 Malaysia average lending rate vs OPR & BLR % % e 2011f Malaysia 10% 11.63% 8.46% 5% 0% 6.15% 6.12% 6.27% 6.02% 2.73% 2.45% -3.0 Vietnam Indonesia Malaysia Philippines Singapore Thailand Average lending rate Average OPR Average BLR Malaysia : Key statistics e GDP 7.2% 5.5% Inflation 1.7% % OPR 2.75% 3.00% Fiscal deficit 5.6% 5.4% Exchange rate (RM vs USD) Unemployment rate 3.2% 3.2% SRR 1.0% 3.0% RM, Mil 30,000 25,000 20,000 15,000 10,000 5,000 - (5,000) (10,000) (10,000) Malaysia household debt / GDP vs. household loans approved & impaired loans 68.8% 66.9% 63.7% Mar-11 Household Debt/GDP Household Loans Approved Household Impaired Debt/GDP Loans Household Impaired Loans 76.0% 75.9% Household Loans Approved (Conventional + Islamic) Sources : Bloomberg, BNM, in-house economic research AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

42 Asia remains Malaysia s largest trade market Export by country, 2010 Export by country, 2010 More than half of export is to Asia Import by country, 2010 More than half of import is to Asia Australia 3.8% South Korea 3.8% HK 5.1% Thailand 5.3% Others 24.9% USA 9.5% Singapore 13.4% Japan 10.4% China 12.6% EU 11.3% Taiwan 4.5% South Korea 5.4% Indonesia 5.6% Thailand 6.2% Others 20.0% USA 10.6% Japan 12.6% China 12.6% Singapore 11.4% EU 11.1% Major export products, 2010 FDI by country, Total Export: RM639.4 bil ( 15.6% from 2009) 2010 FDI : US$ 7.0 bil ( 400% from 2009) Rubber Products 2.5% Others 20.1% Optical & Scientific Equipment 2.9% Manufactures of Metal 2.9% Machinery, Appliances & Parts 3.4% Refined Petroleum Products 4.5% Electrical & Electronic Products 39.1% LNG 6.0% Crude Petroleum 4.8% Palm Oil 7.6% Chemical & Chemical Products 6.4% Switzerland 2.0% China 2.2% Netherlands 3.2% Taiwan 3.5% Germany 6.7% Singapore 7.4% Others 11.3% USA 40.4% HK 9.5% Japan 13.9% (Conventional + Islamic) Sources :The Edge dated 19 March 2011, in-house economic research, MATRADE, MIDA AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

43 ETP Contents : Propelling Malaysia towards becoming a high-income, developed nation by 2020 ETP: overview GROSS NATIONAL INCOME RM 48k GNI per capita RM 1.7 trillion GNI 6% annual GDP growth ECONOMIC TRANSFORMATION PROGRAMME 12 NKEAs, 131 EPPs 60 BOs Transformational approach Private-sector led TRANSFORMATIONAL ACTIONS JOBS 31.6m population 3.3m additional jobs RM 1.4 trillion investment 92% private investment 8% public investment 73% DDI 27% FDI INVESTMENT ETP roadmap RM23.7K GNI (USD6.7K) per capita USD188bil RM 661bil 131 EPPs RM442b USD138b 2009 GNI Entry Point Projects (EPP) National Key Economic Activities (NKEA) RM359b USD112b (BO) Biz opportunities RM275b USD86b Other sector growth >RM48K GNI (USD15K) per capita USD523bil RM 1.7tril 2020 GNI target ETP execution gaining momentum Entry Point Projects - Updates Target ( ) To-date (as at 19 Apr 11) (% of target) Entry Point Projects EPP Investments (RM'bil) GNI Increase (RM'bil) 1, Job Creation ('mil) ROUND 1 25 Oct 2010 ROUND 3 11 Jan 2011 ROUND 5 19 Apr Projects Investment: RM 5b GNI: RM 100m Jobs: 13, Projects Investment: RM 67b GNI: RM 33b Jobs: 52, Projects ROUND 2 30 Nov 2010 ROUND 4 8 Mar Projects Investment: RM 8b GNI: RM 85b Jobs: 70, Projects Investment: RM 15b GNI: RM 20b Jobs: 88,354 Investment: RM 11b GNI: RM 17b Jobs: 74,457 ETP : Economic Transformation Programme (Conventional + Islamic) Sources : Pemandu AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

44 Strategic partnership with global partner, ANZ Value Propositions to AmBank Group: Regional Aspirations : Leading Super Regional Bank Leadership & management Customers networking, 2-way business flow Products development Technical expertise Access to regional network & connectivity Outperform & Transform Capturing value: o to Asia, o within Asia o from Asia APEA sourced revenue to drive 25 30% of Group profit ANZ has provided key resources and support to AmBank Group Board Senior Management Management Director Alex Thursby Deputy Group MD & Group CFO Ashok Ramamurthy Chief General Manager, Transformation, Channels & Sales Head, Systems Accounting * Director Dr. Robert John Edgar Chief Risk Officer Andrew Kerr Head, Market Risk Head, FX & Derivatives Director Mark Whelan Chief Operations Officer Ross Neil Foden Head, Governance & Provisioning Senior General Manager, Transaction Banking ( ) number of branches & representative offices in each country as at Jan 2011 (Conventional + Islamic) * Support role AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

45 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY Competitive positioning continues to strengthen Sound size and market position in key business segments Recognized brand name & customer franchise Wide market reach and multiple distribution channels Well diversified universal bank & # 4 largest banking group (market capitalization) # 4 retail bank, # 5 business and CIB lending, # 5 in Islamic Banking (as at end 2010 position) # 2 in equity & equity-linked, # 4 in funds under management, # 5 in Malaysia RM Islamic Bonds, # 5 in brokerage turnover Strong customer-focus, lead in customer satisfaction Large retail and corporate client base provides high cross-selling potential Award-winning products and services 190 branches, #5 largest ATM network (823), 403 7/11 and 145 EBC s echannels : internet banking, mobile banking and 24 hour call centre Pioneer in weekend banking concept and extended banking hours Strategic partnership with global partner, ANZ ANZ value adds through leadership & management, product development, technical expertise and two way customer flows Experienced management team Experienced management team with key ANZ appointments Industry experts, international and domestic best practices Performance based culture, all levels Solid corporate structure & franchise value Strong key shareholders, common aspirations Improvement in stock valuation & upgrades in credit ratings

46 Reaping awards and accolades Alpha SEA Deal & Solution Awards 2010 Best Vanilla Loan Deal of the Year in SEA Weststar Aviation Services Sdn Bhd Islamic Finance News Awards 2010 Musharakah Deal of the Year 2010 AmIslamic Bank Berhad Bloomberg League Table Overall PDS No. 3 with 18.9% market share MYR Sukuk No. 3 with 12.5% market share Syndication Collectively 9.1% market share RAM Lead Manager s League Table Overall PDS No. 1 by Programme Value Overall PDS No. 2 by Number of Issues Sukuk No. 1 by Programme Value (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

47 Major investment banking deals clinched M & A Secondary Offerings IPO Delegateam Sdn Bhd Lion Diversified Holdings Berhad RM138 million Proposed Acquisition of Megasteel Sdn Bhd February 2010 RM1.65 billion Voluntary Take-Over Offer on Sarawak Energy Berhad March 2010 Techfast Holdings Berhad RM8.33 million Proposed acquisition of 50% equity interest in Cape Technolgy S/B, Oriem Technology S/B, Cape Tech Corporation S/B May 2010 Silver Bird Group Berhad RM6.05million Private Placement Sole Placement Agent March 2011 Kencana Petroleum Berhad RM million Private Placement Joint Placement Agent February 2011 Berjaya Food Berhad Market Capitalisation: RM 72 million Principal Adviser, Managing Underwriter, Underwriter and Placement Agent March 2011 Benalec Holdings Berhad Market Capitalisation: RM 730 million Adviser, Sole Underwriter and Sole Placement Agent January 2011 RM15.08 million Acquisition of Kenseisha (M) Sdn Bhd May 2010 RM1.03 billion Starhill Real Estate Investment Trust Proposed Disposal of Starhill Gallery and Lot 10 Property June 2010 MeasatGlobal Berhad RM662.3 million IA for the conditional take-over offer of Measat Global Berhad 23 September 2010 Xidelang Holdings Ltd RM19.19 million Private Placement Sole Placement Agent February 2011 Sarawak Cable Berhad RM6.0 million Private Placement Sole Placement Agent December 2010 Sozo Global Limited Market Capitalisation: RM374.4 million Adviser, Sole Underwriter and Sole Placement Agent December 2010 Cypark Resources Berhad Market Capitalisation: RM159.5 million Adviser, Sole Underwriter and Sole Placement Agent October 2010 Debt Capital Market Aman Sukuk Berhad (Wholly-owned subsidiary of Pembinaan BLT Sdn Bhd) Aman Aman Sukuk Sukuk Aman Berhad Sukuk Berhad Berhad (Wholly-owned (Wholly-owned Weststar Cagamas (Wholly-owned subsidiary Aviation subsidiary Berhad Services of subsidiary of Sdn of Weststar Weststar Weststar Cagamas Aviation WCT Aviation Berhad Services Berhad Services Sdn Sdn Sdn Pembinaan Pembinaan BLT Pembinaan Sdn BLT Bhd Bhd) Sdn BLT Bhd) Sdn Bhd) Bhd Bhd Bhd RM1,100 Million RM1,100 RM1,100 RM400 Million RM600 RM730 RM1,100 Million Million Million RM1,500 Million RM730 RM730 Million RM730 Million Million RM10.0 Billion Islamic Medium RM10.0 RM10.0 Billion Islamic RM10.0 Billion Islamic Medium Billion Islamic Medium Term Islamic Medium Note Medium Islamic Serial Fixed / Conventional Rate Bonds Medium with Term Notes Programme Term Notes Term Issuance Syndicated Notes Programme under Islamic Programme the Facilities RM60.0 Syndicated Term Detachable Note Islamic Islamic Issuance Warrants Facilities Term Notes Programme Syndicated Islamic under Facilities the Billion Programmes RM60.0 Billion Programme February 2011 Joint Lead Manager and Joint Bookrunner February February December 2010 February 2011 February Joint Lead Joint Mandated Manager Lead Arranger Joint Joint Manager and Lead Lead Manager Manager and and Joint Bookrunner Joint Bookrunner Joint Bookrunner December December October 2010 Joint Mandated Principal Mandated Lead Lead Adviser, Lead Arranger Arranger Joint Lead Arranger and Lead Joint Manager Lead Manager AmIslamic Al- Aqar WCT WCT Berhad Berhad KPJ Bank REIT Berhad 1 st Issuance: RM600 RM33.5 RM600 Million Million RM550 Million Serial RM300.0 Serial RM3.0 Fixed Fixed Billion Million Rate Rate Senior Bonds Sukuk Bonds Sukuk Ijarah with with Detachable Detachable Issuance Programme Programme Warrants Warrants December December September Joint Joint Principal Principal Principal Lead Adviser, Adviser, Adviser, Manager Lead Joint Joint Arranger Lead Lead Arranger Arranger and and Joint Lead Joint Lead Manager Lead Manager ADCB Finance (Cayman) Limited Sabah Al- Aqar Al- Aqar Development KPJ KPJ REIT REIT Bank Berhad RM400 Million RM33.5 RM33.5 RM290 Million Million Million RM300.0 RM300.0 Medium Million Million Term Term Notes Sukuk Sukuk Notes Ijarah Ijarah Issuance under under the Programme Programme RM3.5 the RM1.5 Billion Billion Medium Term Note Programme December December November August Joint Lead Lead Joint Lead Manager Manager Lead Manager Manager ADCB ADCB Finance Finance (Cayman) (Cayman) Limited Limited MISC Cagamas Berhad Berhad RM400 RM400 RM400 Million Million Million RM500 RM100 Million Million RM320.0 Million Medium Medium RM2.5 Term Conventional Billion Term Notes Term Islamic Notes Issuance Notes Commercial Issuance Medium Issuance RM2.5 RMR B under Term Islamic Papers the Notes RM3.5 Medium Issuance Programme Billion Term under Notes under under the the RM3.5 RM3.5 Billion Billion Medium Medium Medium the Term Term RM60.0 Term Note Note Billion Issuance Term Note Programme Programme Programme September 2010 November November August April Joint Joint Joint Lead Joint Lead Lead Manager Arranger Manager Manager and Joint Lead Manager Jo (Conventional + Islamic) Ara Bintang Berhad Ara Ara AMBANK Bintang Bintang Berhad GROUP Berhad INVESTOR RELATIONS PRESENTATION FY

48 Wide market reach and multiple distribution channels Aspirations Increased customer satisfaction via integrated & seamless channels model Expand branch network & self service machines footprint Further build & improve sales & service capabilities Branches # 5 in no. of branches 4 new branches in progress 3 AmIslamic branches Total # 190 Complete product suite offerings (e-fd, Debit Card, Foreign Currency A/C, loyalty points) Develop segment based solutions (Small Biz Solution, Life Stage Segment Solution) Availability of commercial banking products & services Accelerate payroll acquisition via AmBank@Work Leveraging relationships and alliances via cross-selling Branch Banking Products & Services Multiple channels ATMs (# 5 in no. of ATMs) ATMs at 7 Eleven E-Channels & Contact Centre Wealth Management Total # Electronic Banking Centers 145 Assurance offices 68 AmInvestment offices 15 Expand Electronic Banking Centre at 90% of branches Maintain #1 provider of ATMs at 7 Eleven stores Best in class contact centre Innovative mobile & internet banking services Tapping affluent segment priority banking setup Multi campaigns / product launches for different segments Increase sales efficiency through WM System Reorganize WM Structure Grow FOS via Mobile Sales Force & additional Wealth Specialists (Conventional + Islamic) Source : Company websites of peer banks / MEPS information Note : Peer groups as at December 2010; AmBank Group as at latest practicable date AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

49 21 Feb Mar Jan Dec Feb Feb Feb Feb Nov Feb Feb Feb Feb 11 3 Nov Feb Feb 11 1 Mar Feb Nov Feb Nov Feb Nov Nov 10 8 Feb Feb Feb 11 Am Islamic AmInvestment AmBank (M) Banking sector share price movement / Target price and recommendations Banking Sector Share Price Movement KLCI 13.9% (Note: 18 May 2007 vs. 31 Mar 2011) Upgraded ratings Ratings FY2007 FY2011 RAM A2/P1/Stable AA3/P1/Stable MBB -0.2% Fitch BBB-/F3/Stable BBB/F3/Stable HLFG 32.4% S&P BBB-/A-3/Stable BBB/A-2/Stable Moody s Baa2/P-3/D-/Stable Baa2/P-3/D/Stable PBB 38.3% Capital Intelligence BBB-/A3/Stable BBB/A3/Stable CIMB 42.6% E F G H I J K Fitch L BB+/B/Stable M BBB/F3/Stable N AMMB RM % AMMB HOLDINGS BERHAD 65.8% P/ EPS = Average TP : Market Price: RM % S&P BB+/B/Stable P/BV = Buy BBB/A-2/Stable : (52%) Date Rec Hold : 11(41%) RHB 81.8% MARC AA-/MARC-1/Stable AA-/MARC-1/Positive Sell : 2 (7%) Average TP/Average CP: 1.09 x 1.65% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% RAM A2/P1/Stable AA3/P1/Stable E F G H I J K L M N D D D E E E F F F G G G H H H I I I J J J K K K L L L M M M2.66% N N N O O O 1 Feb 11 B 4 Mar 11 B 12 Jan Target 11 Price B and Recommendations 6 Dec 10 B Feb 11 B etarget Target Price Target Price Date Price RecDate DateRec Rec Rec 8 Feb B 0 Feb Feb 8.60 B11 21 B21 Feb Feb Feb B11B B Mar B14 Mar Mar 14 11Mar B11B B 1 Feb 11 B Jan B12 Jan Jan Jan B11B B 2 Nov Dec 7.62 B10 16 B16 Dec Dec Dec B10B B 08 Feb Feb H11 21 B21 Feb 8.60 Feb Feb 8.60 B11B B 21 Feb Feb 7.52 B B18 Feb Feb Feb B B 7.90 B Feb B20 Feb Feb Feb B11B B 1 Feb 11 B Feb B21 Feb Feb Feb B11B B 01 Feb Nov 7.40 B10 12 B12 Nov Nov Nov 10 B10B B 03 Nov Feb B11 H 01 Feb Feb B11 B 3 21 Feb 11 B 1 Feb 11 H 1 Mar 11 H 1 Feb 11 H Buy/Outperform/Overweight/Add 5 Nov 10 H 1 Feb 11 H AMMB HOLDINGS AMMB AMMB BERHAD AMMB HOLDINGS HOLDINGS BERHAD BERHAD P/ BERHAD EPS = 15.57P/ EPS P/ EPS = P/ = EPS = Market Price: Market RMPrice: 6.57 RM 2.66% % 1.98P/BV = P/BV 1.98 = Market 1.98 Price: RM Market 6.57 Price: 2.66% % P/BV = P/BV = 1.98 RAM AA3/P1/Stable AA3/P1/Stable Average TP Average : Average RM 7.04 TP Average TP : 0.00% RM TP : RM 7.04 : 7.04 RM0.00% % 0.00% Buy Buy : Buy 14 (52%) Buy : : 14 (52%) 14: (52%) 14 (52%) Hold Hold : Hold 11(41%) Hold : : 11(41%) 11: (41%) 11(41%) Sell Sell : Sell 2 (7%) Sell : : 2 (7%) 2: (7%) 2 (7%) Average TP/Average Average CP: TP/Average 1.09 xtp/average CP: 1.65 CP: 1.09 CP: 1.09 x x % 1.65% x 1.65% UBS CIMB DEUT MACQ TA BNP CLSA RHB KAF NOMURA MIDF HLG KIMENG BoFAML CITI OSK UOB MBB ALLIANCE KEN JP DBS MIMB INTERPAC S.CHART ECM AFFIN Index change market price close of 1 April 11 vs. 25 March 11 P/EPS : EPS annualized Jan - Dec 10 Sell/Underperform/Fully valued/reduce/underweight P/BV : BV as at 30 Dec 10 (Conventional + Islamic) Notes: TP: target price CP: weekly average closing price Source : Bloomberg as at 1 April 2011 Hold / Neutral / Market perform AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY

50 Glossary / Disclaimer of warranty and limitation of liability (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY Reported Performance Reported performance refers to the financial performance as reported in the audited financial statements and disclosed to the market One Offs One offs comprise those impacts on financial performance that arise from changes to : accounting and provisioning policies (eg 5 and 7 year rules) differences between economic and accounting hedges prior period catch ups (eg backdated salary costs) strategic investments and divestments (eg ANZ partnership), and tax and regulatory regimes (eg deferred tax asset write off due to reduction in corporate tax rates) Underlying Performance Underlying performance refers to the financial performance adjusted for one off impacts as above Business Divisions Business divisions comprise AmBank Group s core operating businesses that generate profits from direct customer transactions and interactions have relatively more stable income streams, incur the bulk of the costs and typically have a lower risk profile in most instances have market shares and growth metrics that can be measured and benchmarked externally Operating Segments Operating segments have more volatile and lumpy income streams, with the former a direct function of risk appetite include income and expenses associated with shareholder funds, loan rehabilitation and legacy businesses, plus costs associated with corporate, shared services and governance functions currently not charged back to the business units Disclaimer of Warranty and Limitation of Liability The information provided is believed to be correct at the time of presentation. AMMB Holdings Berhad or AMMB Holdings or AHB or its affiliates do not make any representation or warranty, express or implied, as to the adequacy, accuracy, completeness or fairness of any such information and opinion contained and shall not be liable for any consequences of any reliance thereon. Neither AMMB Holdings nor its affiliates are acting as your financial advisor or agent. The individual is responsible to make your own independent assessment of the information herein and should not treat such content as advice relating to legal, accounting, and taxation or investment matters and should consult your own advisers. Forward looking statements are based upon the current beliefs and expectations of the AMMB Holdings and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward looking statements. AMMB Holdings does not undertake to update the forward looking statements to reflect impact of circumstances or events that may arise after the date of this presentation. The information in the presentation is not and should not be construed as an offer or recommendation to buy or sell securitie s. Neither does this presentation purport to contain all the information that a prospective investor may require. Because it is not possible for AMMB Holdings or its affiliates to have r egard to the investment objectives, financial situation and particular needs of each individual who reads the information contained thus the information presented may not be appropriate for all pe rsons. The information contained is not allowed to be reproduced, redistributed, transmitted or passed on, directly or indirectly, to any other person or published electronically or via print, in whole or in part, for any purpose. The term "AMMB Holdings" and AmBank Group denotes all Group companies within the AMMB Holdings Group and this Disclaimer of Warranty and Limitation of Liability policy applies to the financial institutions under AMMB Holdings.

51 (Conventional + Islamic) AMBANK GROUP INVESTOR RELATIONS PRESENTATION FY The material in this presentation is general background information about AmBank Group 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 intended 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. These should be considered, with or without professional advice when deciding if an investment is appropriate. For further information, visit : or contact Ganesh Kumar Nadarajah Group General Manager, Group Investor Relations Tel : Fax : ganesh-kumar@ambankgroup.com or ir@ambankgroup.com