Slide 1: 3Q'23 Results
< standard rN chartered e 3Q’23 Results 26th October 2023
Slide 2: Contents
Contents Bill Winters Group Chief Executive * Opening remarks Andy Halford Group Chief Financial Officer * Group performance Appendix Strategic actions progress; macroeconomic variables; interest rate assumptions; China CRE; China and Hong Kong portfolio; sovereigns; Bohai; guidance details Liquidit
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Slide 6: 3Q'23 NII up 20% YoY supported by higher volumes and margins
3Q’23 NIl up 20% YoY supported by higher volumes and margins Net Interest M in (NIM) components Net Interest Margin (NIM) ss 167 “Norell 1.66 Se 163 17 163, 1.36 Net Interest Income (NI} (Gm) 5711 Bs ae YTD'22.-YTD'23 1Q23 2Q23-3Q'23 Average Interest Earning Assets (AIEA) (Sbn) a B 1023 Average Inte
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Slide 8: Rates tailwind and strong WM offsetting lower FM and Treasury
Rates tailwind and strong WM offsetting lower FM and Treasury Ths 3Q'23 vs 3Q’22 - Product view ($m, ccy') Overview — Income 304 —_ ED 80 5 7% | Markets Expenses ) 7) “oo. — : 106) Balance Sheet 4) | 4,429 Capital (260) Guidance Conclusion 3Q22 ccy Transaction Retail: Banking: Cash Deposits Wealth T
Slide 9: Financial Markets: Resilient performance despite lower volatility
Financial Markets: Resilient performance despite lower volatility Income trend ($m) 3Q22 4Q22 1023 8 2Q23 3Q23 TM Income ex.MTM fl MIM Flow and episodic view ($m) YoY % m=vM™ I Episodic i Flow Footnotes on page 35-36; Glossary on page 37-38 Ths Overview = Income Markets Expenses Risk Balance Sheet C
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Slide 11: Good performance in many key markets
Good performance in many key markets Select markets (YoY % ccy) Hong Kong Income growth 25% B% 3Q23.-YTD23 YoY YoY Singapore Income growth 31% 14% 3Q23. -YTD’23 YoY YoY 3Q'23 YTD’'23 Income $1.1bn $3.2bn PBT $0.4bn $1.4bn RoTE 18.2% 22.1% 3Q'23 YTD'23 Income — $0.6bn $1.9bn PBT $0.3bn $1.0bn RoTE 27
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Slide 13: Expenses higher from inflation and targeted investments
Expenses higher From inflation and targeted investments § Operating expenses! - 3Q’23 vs 3Q’22 ($m) Overview Income @ ; Werks +6 89 32 2770 ee | — , 5 Balance Sheet 2,576 st ma + 3Q'23 expenses up 8% YoY, at ccy Capital . — idance B oo ——_ © Inflation up ~$0.1bn, at 4% Conclusion o Business initiati
Slide 14: Impairment primarily China CRE; remaining Group portfolio resilient
Impairment primarily China CRE; remaining Group portfolio resilient Credit impairment ($m) / Loan-loss rate (bps) Loan-loss rate! I China CRE Hl Sovereigns MM Others? 3Q'22. 4Q'22 1Q23 2Q23 = 3Q'23 Il Early Alerts? o 50 54 I Credit Grade 12 I) Hl Net Stage 3 Footnotes on page 35-36; Glossary on page
Slide 15: Asset growth remains muted with focus on improving returns
Asset growth remains muted with focus on improving returns Ths 7 a 5 Overview * Underlying L&A up 1% / $2bn since 30.6.23 primarily trade —_!ncome Markets o Reduction in mortgages due to continued macro and Expenses 290 mor Risk — @ v rates headwinds in Hong Kong and Korea — Balance Sheet @ io) ee 2
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Slide 17: 2023 guidance
2023 guidance § * Income to increase in the 12-14% range, at ccy in 2023 ° verview * Full year average NIM approaching 170bps Income Markets Expenses Risk Balance Sheet + Positive income-to-cost jaws of around 4%, excluding UK bank levy at ccy in 2023 Gorital — Guidance Conclusion + Loan-loss rate e
Slide 18: In conclusion
In conclusion Strong progress towards our financial targets Delivered a solid performance in the quarter Continued strong progress on our five strategic actions Positioned well with a robust balance sheet, diversified deposit base and strong liquidity profile Disciplined on capital and delivering su
Slide 19: Appendix
Appendix ¢ Strategic actions progress; macroeconomic variables; interest rate assumptions; China CRE; China and Hong Kong portfolio; sovereigns; Bohai; guidance details ¢ Liquidity and balance sheet information ¢ Notes, abbreviated terms and important notice Ths
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Slide 22: Interest rate assumptions
Interest rate assumptions USD SOFR O/N Avg. (bps) 476 449 497 FY Avg as.at 05.10.23 PS FY22 165 FY23 501 FY24 si 1Q23 2Q23 3Q23 4Q2B 1Q24 2Q24 3Q24 4Q24 § M HIBOR Avg. (bps) al 505 500 489 = 475 416 382 FY Avg as at 05.10.23 PPS FY'22 212 FY23 459 FY24 484 1Q23 2Q23) 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 =
Slide 23: China Commercial Real Estate: ~1% of total L&A to customers
China Commercial Real Estate: ~1% of total L&A to customers Exposure by booking location as at 30.9.23 ($bn)!2 27 * Remain cautious given continued weak consumer sentiment and uncertainty miccts + Latest stimulus measures encouraging but buyer confidence remains subdued... = con + ...improvement in
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Slide 26: Bohai: Strategic investment in the China domestic market
Bohai: Strategic investment in the China domestic market § e Overview ($bn) FY'21 = FY’22) 1H’23. 33Q'23 Market valuet2 11 07 04 04 ICanying value pre-impairment 22 7 15 15 Impairment charge 3) ©3) 0) ©” Value-in-use (VIU)! 19 14 15 08 Market value and VIU ($bn); NIM (%)3 235% ~~ -S~ 172% a 150% TTS
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Slide 28: Appendix
Appendix ¢ Strategic actions progress; macroeconomic variables; interest rate assumptions; China CRE; China and Hong Kong portfolio; sovereigns; Bohai; guidance details ¢ Liquidity and balance sheet information ¢ Notes, abbreviated terms and important notice
Slide 29: Balance sheet is conservatively positioned
Balance sheet is conservatively positioned Total assets Total equity & liabilities $826bn $826bn 30.9.23 30.9.23 Derivatives & Other assets 30 L&A to banks? 47 [Customer accounts? 46‘ Cash! 110 Investment surities - HTM’ Footnotes on page 35-36; Glossary on page 37-38 Ths Highly liquid and flexible
Slide 30: Strong and diverse deposit base; franchise supports deposit quality
QJ Strong and diverse deposit base; franchise supports deposit quality Customer deposits by market! ($bn) Il Hong Kong mm USA Ths e Il Singapore I Taiwan . _divereifi , . . Hi United kingdom Ml India Well-diversified footprint and deposit base in 53 markets I South Korea UAE a . 2 Chino lm Others o
Slide 31: Deposit passthroughs and migration within expectations
Deposit passthroughs and migration within expectations § TB CASA% of CCIB deposits! ($bn) 60% 59% 59% 1% cASA% © + + —~ 3n 312 318 300 31.12.22 313.23 30.6.23 30.9.23 CCIB TB (USD) CASA passthroughs (PTR) 4Q'22 1Q'23 2Q'23 3Q'23 FY’23 55% 61% 66%! 69% (60-80%) Footnotes on page 35-36; Glossary on pa
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Slide 34: Appendix
Appendix Strategic actions progress; macroeconomic variables; interest rate assumptions; China CRE; China and Hong Kong portfolio; sovereigns; Bohai; guidance details ¢ Liquidity and balance sheet information ¢ Notes, abbreviated terms and important notice
Slide 35: Notes
Notes These notes refer to the metrics and defined terms on the following pages XS ae note or defi Sy note or de YoY variance is better/(worse) other than assets and liabilities which is increase/(decrease). " Cey = constant currency comparisons presentedon the basis of current period's transactiona
Slide 36: Notes
Notes These notes refer to the metrics and defined terms on the following pages ESE note or defi 24 26 No wry NV * @ No ur WN Net Nominal basis (see selected technical and abbreviated terms page 37): based on where the ultimate parent entities and credit responsibility is Booking location includes e
Slide 37: Selected technical and abbreviated terms
Selected technical and abbreviated terms Q ADR AIBL AIEA AU! AUM BNPL bps CASA CBD ccy CCB CCPL. cpp ceTl CcGI2 CGB ips CIR C&O CPBB CRE CTC cve DPD DVA EA (NPP) / Early Alerts jn Advances-to-Deposits ratio Average interest-bearing liabilities Average interest-earning assets, Assets Under Influence
Slide 38: Selected technical and abbreviated terms
Selected technical and abbreviated terms S$ NPS Net Promoter Score The ee Management business NSFR Net Stable Funding Ratio Ventures SC Ventures * Mox * Trust NTB New to bank clients Vix Volatility Index NZBA Net-Zero Banking Alliance YoY Year-on-Year change 020 Originate to Distribute ir) Year-to-d
Slide 39: Important notice
Important notice Forward-looking statements The information included in this document may contain “forward-looking statements” based upon current expectations or beliefs as well as statements formulated with assumptions about future events. Forward-looking statements include, without limitations, pr