Malayan Banking Bhd. · MYX:MAYBANK
Malayan Banking Bhd — Merger or Acquisition (August 2026)
12 slides from Malayan Banking Bhd's merger presentation, Aug 3, 2026
Slide 1: Proposal for Maybank To Wholly Own Maybank Ageas Holdings Berhad
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Slide 2: Maybank to wholly own MAHB
Maybank to wholly own MAHB Maybank, through Etiqa International Holdings Sdn. Bhd. (EIH), to acquire 30.95% stake comprising Proposed Acquisition 78,001,229 ordinary shares in Maybank Ageas Holdings Berhad (“MAHB”) from Ageas SA/NV (“Ageas”) Purchase Consideration RM4.83 billion (after adjusting for
Slide 3: Strategic rationale
Strategic rationale Strengthen MAHB's position as a national insurance and takaful 01 champion through acquisition of new Maybank customers and increased penetration of existing customer base Gain flexibility to unlock value across Southeast Asia through Now is the time… 02 ROAR30, particularly in w
Slide 4: Etiqa is a market leader in Malaysia with strong performance and improving profitability
Etiqa is a market leader in Malaysia with strong performance and improving profitability… Life/Family Takaful New Business Gross Written Premium/Contribution (GWP) Contractual Service Margin (CSM)1 FY2025 CAGR: 9.2% MAHB’s largest 2030 Targets CAGR: 24.3% sub-segment: 12,905 12,524 CAGR Banca ~35% f
Slide 5: Outpacing industry trend in a robust, structurally growing market
…Outpacing industry trend in a robust, structurally growing market General/General Takaful: Gross Written Premium / Contribution (RM bil) Life/Family Takaful: New Business Premium / Contribution (RM bil) #1 General Takaful CAGR: 7.3% CAGR: 4.6% CAGR: 9.2% CAGR: 6.9% 12.0 30.3 9.0 24.9 10.0 8.0 30.3
Slide 6: Large customer base available for Etiqa; enhanced bancassurance framework
Large customer base available for Etiqa; Enhanced bancassurance framework will support ROAR30 regional wealth business More opportunity to deepen customer penetration through enhanced bancassurance with better-aligned incentives and new offerings Full ownership allows for the introduction of a new b
Slide 7: Etiqa has more potential to unlock value across Southeast Asia
Etiqa has more potential to unlock value across Southeast Asia Leverage our position in MY & SG and Etiqa’s Top 4 global takaful* standing to accelerate insurance & takaful penetration regionally. Full ownership enables greater flexibility to grow across Southeast Asia, particularly in markets such
Slide 8: Full ownership enhances capital management across insurance & takaful franchises
Full ownership enhances capital management across the insurance & takaful franchises, with capacity for elevated dividend payout Proforma Bank Level CET-1 Capital (RM million) Bank CET-1 Ratio (%) Planned capital optimisation across the insurance & takaful 13.93% -1.97% 11.96% +0.23% +~0.86% ~13.04%
Slide 9: Transaction will deliver immediate and sustainable PATAMI, EPS and ROE accretion
This transaction will deliver immediate and sustainable PATAMI, EPS and ROE Accretion Group PATAMI Accretion: +1.69% 10,514 316 10,691 -138 RM million 1 2 (-) Financing 3 cost of 4 FY2025 (+) Incremental Proforma debt1 and foregone stake in MAHB FY2025 interest of internal cash1 Group EPS Group ROE
Slide 10: Approval required and indicative timeline
Approval required and indicative timeline Key Milestones Announcement of Proposed Approval for the Signing of Share Target Acquisition and execution of Proposed Acquisition Purchase Agreement Completion implementation agreement by Bank Negara Malaysia Today Late Q3 2026 Barring unforeseen circumstan
Slide 11: Key Takeaways
Key Takeaways • A proven business we know well and with significant room to grow across Southeast Asia • Strengthening our National Champion position in insurance and takaful with deeper penetration into new and existing Maybank customer base in Malaysia. Takaful will be a growth priority to further
Slide 12: Htunantsin
Htunantsin Financial Services Maybank @Mymaybank Cf) @Maybank x) @Mymaybank in) @Maybank
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