Slide 1: Analyst Presentation 2Q25
Analyst Presentation 2Q25 CIMB Group Holdings 29 August 2025 MOVING FORWARD WITH YOU
Slide 2: GCEO Observations
GCEO Observations MOVING FORWARD WITH YOU 2
Slide 3: GCEO Observations
GCEO Observations Resilient 1H25 performance delivering 11.1% ROE despite macro headwinds, increased volatility and FX translation effect observed during the period • 2Q25 operating income +1.9% QoQ (with both NII and NOII up); PPOP +4.5% QoQ • NII +0.4% QoQ despite continued rate cuts in ID, TH and
Slide 4: Strategic initiatives to drive long-term value for our customers and society
Strategic initiatives to drive long-term value for our customers and society What we have announced What’s next Double down Business banking RM10bil wealth via OCTO growth engine JS-SEZ Digital wealth offerings: Healthcare ecosystem eTia-i, ASB, unit trusts “CIMB FlexiPay” – Financing commitment 4Q2
Slide 5: Forward30: CIMB's 6 year strategic plan
Forward30: CIMB’s 6 year strategic plan Purpose Advancing Customers and Society Society & Priorities People & Culture Customers Sustainability 1 Capital and resources: Reallocate and optimise Strategic 2 3 moves – Cash: Build deposit Cross-sell: Increase returns the 4Cs franchise 4 Capabilities: Sim
Slide 6: Forward30 4Cs strategic moves update (1/2)
Forward30 4Cs strategic moves update (1/2) Capital Cash Further reduction in cost of funds 19.75 sen 55.5% 18bps 10bps Per share proposed Dividend payout ratio first interim dividend YoY QoQ Stable Net Interest Margins despite rate cuts Digital Assets: Rate cuts TH ID SG1 FY24 (25bps) (25bps) (~70bp
Slide 7: Forward30 4Cs strategic moves update (2/2)
Forward30 4Cs strategic moves update (2/2) Cross-sell Capabilities Fee and commission income 2.0% 4.1% 46.2% 7.9% YoY QoQ 1H25 CIR Tech CIR Treasury client sales 3.3% 8.5% Data & AI YoY QoQ Agile delivery method 2nd stage of AI journey, with Wealth1 with 24 projects in role-specific AI assistants th
Slide 8: GCFSO Observations
GCFSO Observations MOVING FORWARD WITH YOU 8
Slide 9: 1H25 Key Highlights
1H25 Key Highlights Group NIM NOII/Total Income Cost-to-Income Profit Before Tax (RM) 2.16% 31.1% 46.2% 5,275 mil -5bps YoY -80bps YoY +60bps YoY -0.5% YoY -1bps QoQ +100bps QoQ -140bps QoQ +0.8% QoQ ROE Gross Loans Loan Loss Charge CET1 (RM) 11.1% 449.1 bil 29bps 14.7% -30bps YoY +3.6% YoY* +1bps Y
Slide 10: Key Business Highlights
Key Business Highlights Sustained underlying Both NII & NOII driving QoQ Sustaining stable NIMs despite performance YoY on constant topline growth multiple rate cuts currency Operating Income (RM ’mil) (RM ’mil) Total Banking book NIM +1.9% QoQ -1.2% YoY Income +2.7% 11,537 11,231 11,231 11,101 2.72
Slide 11: PBT by Segment
PBT by Segment Consumer Commercial 28% 18% Banking Banking PBT YoY QoQ PBT YoY QoQ RM1,494 mil ▲ 0.3% ▼ 9.9% RM921 mil ▼ 6.5% ▲ 10.8% Improved Consumer performance YoY attributed Commercial PBT declined YoY largely from timing of to lower provisions; However, PBT was lower overlays and writebacks; P
Slide 12: PBT by Country
PBT by Country Malaysia 60% Indonesia 24% PBT YoY QoQ PBT YoY QoQ RM3,187 mil ▲ 7.6% ▲ 12.0% RM1,240 mil ▼ 4.2% ▼ 2.2% Robust Malaysia performance underpinned by Indonesia performance declined from weaker proactive liability management driving NIM topline mainly due to NIM contraction; competition e
Slide 13: Net Interest Income
Net Interest Income Net Interest Margin* Country (%) 2Q25 1Q25 1H25 1H24 2.22% 2.23% Group 2.15 2.16 2.16 2.21 2.21% 2.16% 2.17% NIM 2.16% 2.15% Malaysia 1.80 1.79 1.80 1.76 Group Indonesia^ 3.93 3.99 3.96 4.21 Banking book 2.72% 2.67% 2.72% 2.75% 2.66% 2.66% Thailand^ 1.72 2.07 1.89 2.24 2.64% NIM
Slide 14: Non-Interest Income
Non-Interest Income NOII Breakdown (RM ’mil) 2Q25 QoQ 1H25 YoY Total NOII Trading & FX Fee & commission 694 (4.1%) 1,418 2.0% +5.3% QoQ +0.3% QoQ Trading & FX 931 0.3% 1,859 (2.5%) 928 931 1,680 1,769 431 476 Others 144 414.3% 172 (39.2%) 752 838 928 931 497 455 Total 1,769 5.3% 3,449 (3.7%) 1Q25 2Q
Slide 15: Operating Expenses
Operating Expenses Total Operating Expenses (RM ’mil) 2Q25 QoQ 1H25 YoY CIR Personnel 1,529 (3.8%) 3,118 (0.7%) 49.2% Establishment 171 (10.9%) 363 (8.3%) 46.2% 46.5% 46.9% 45.6% 45.9% 45.5% Technology 435 (1.6%) 877 0.6% Marketing 150 63.0% 242 58.2% (RM ‘mil) Admin & General 266 0.4% 531 (5.9%) To
Slide 16: Asset Quality
Asset Quality Total Provisions Breakdown Loan Loss Charge* (RM ’mil) Retail (bps) 802 715 Non-Retail 1H24 1H25 311 404 Recoveries 28 29 882 734 and write-offs 343 391 32 28 26 271 249 457 520 20 18 (303) (236) (537) (539) 1Q25 2Q25 1H24 1H25 2Q24 3Q24 4Q24 1Q25 2Q25 Loan loss charge increased 6bps Q
Slide 17: Gross Loans
Gross Loans Others (RM ’bil) 30 Jun-25 QoQ YoY Singapore 5% 11% Consumer Banking 238.8 0.4% 2.7% Thailand Commercial Banking 76.3 0.4% 4.2% # 8% 30 Jun-25 Wholesale Banking 131.1 (1.8%) (3.9%) RM449.1 bil Malaysia CIMB Digital Assets and Others 2.9 3.6% 7.4% Indonesia 62% 14% Total 449.1 (0.2%) 1.0%
Slide 18: Deposits
Deposits Others (RM ’bil) 30 Jun-25 QoQ YoY Singapore 2% 13% 225.3 (1.1%) (0.1%) Consumer Banking Thailand Commercial Banking 93.7 2.3% 3.2% 7% 30 Jun-25 Wholesale Banking 185.7 2.7% 4.6% RM510.5 bil Indonesia CIMB Digital Assets and Others 5.8 (3.3%) 7.4% Malaysia 13% 65% Total 510.5 0.8% 2.2% Tota
Slide 19: Dividend Payout
Dividend Payout Total dividend Dividend per Dividend Dividend per share Period payout share Yield # (sen) (RM ’bil) (sen) (%) ^ 1st Interim 2nd Interim FY21 2.3 22.99 4.2 43.00 47.00 Special Dividend 36.00 7.00 FY22 2.7 26.00 4.5 7.00 22.99 26.00 20.00 18.50 18.50 19.75 FY23 4.6 43.00 7.4 12.55 13.0
Slide 20: Capital and Liquidity Management
Capital and Liquidity Management Capital Adequacy Liquidity Coverage Ratios 18.2% 18.3% 18.3% (%) Jun-25 Mar-25 Jun-24 3.1% 3.0% 3.0% CIMB Bank* 146 147 136 Tier 2 0.6% 0.6% 0.6% CIMB Islamic* 127 131 131 Tier 1 CIMB Niaga 206 206 249 CET1 14.5% 14.7% 14.7% CIMB Thai 179 172 148 ^ ~ # Jun-24 Mar-25
Slide 21: Consumer Banking
Consumer Banking (RM ’mil) 2Q25 QoQ 1H25 YoY Operating income 2,225 (2.1%) 4,497 (3.5%) Overhead expenses (1,244) (2.2%) (2,516) (1.7%) Consumer Banking PBT declined 9.9% QoQ from NIM pressure and timing of PPOP 981 (1.9%) 1,981 (5.8%) overlay provisions. PBT grew 0.3% YoY (Provisions) / Writeback (
Slide 22: Commercial Banking
Commercial Banking (RM ’mil) 2Q25 QoQ 1H25 YoY PBT grew 10.8% QoQ from higher income and lower provisions but declined 6.5% YoY Operating income 1,047 4.2% 2,052 1.1% mainly from higher provisions Overhead expenses (532) 2.1% (1,053) 3.2% PPOP 515 6.4% 999 (1.0%) NII declined 0.2% QoQ and 1.4% YoY d
Slide 23: Wholesale Banking
Wholesale Banking (RM ’mil) 2Q25 QoQ 1H25 YoY Operating income 1,559 1.0% 3,102 (3.1%) Wholesale PBT declined 5.3% QoQ and Overhead expenses (588) 0.2% (1,175) (3.5%) 3.1% YoY driven by weaker Corporate PPOP 971 1.6% 1,927 (2.8%) Banking performance (Provisions) / Writeback 9 88.6% 88 8.3% Share of
Slide 24: CIMB Digital Assets & Group Funding
CIMB Digital Assets & Group Funding (RM ’mil) 2Q25 QoQ 1H25 YoY Operating income 771 13.5% 1,450 8.3% Overhead expenses (187) (6.5%) (387) 18.0% PBT +29.0% QoQ and +12.7% YoY with PPOP 584 21.9% 1,063 5.1% TNGD continuing to be profitable, coupled with a stronger Group Funding performance (Provision
Slide 25: CIMB Islamic
CIMB Islamic (RM ’mil) 2Q25 QoQ 1H25 YoY Operating income 1,143 2.3% 2,260 5.3% PBT grew 37.2% QoQ from higher topline Overhead expenses (383) (0.5%) (768) 8.2% and writeback; +17.6% YoY from sustained asset growth and lower provisions PPOP 760 3.8% 1,492 3.8% (Provisions) / Writeback 14 (108.3%) (1
Slide 26: 2025 Outlook
2025 Outlook • Expect business confidence to gradually improve with FY25 greater clarity around US tariffs 1H25 Guidance • Fully focused on the execution of Forward30 while staying nimble to respond to evolving macroeconomic conditions ROE 11.1% 11.0-11.5% • Continue to invest in technology and digi
Slide 27: Thank you
Thank you
Slide 28: Appendices
Appendices
Slide 29: Earnings Summary
Earnings Summary (RM ’mil) 2Q25 1Q25 QoQ 1H25 1H24 YoY 2Q24 YoY Net interest income 3,833 3,819 0.4% 7,652 7,651 0.0% 3,859 (0.7%) Non-interest income 1,769 1,680 5.3% 3,449 3,580 (3.7%) 1,743 1.5% Operating income 5,602 5,499 1.9% 11,101 11,231 (1.2%) 5,602 0.0% Overhead expenses (2,551) (2,580) (1
Slide 30: Key Ratios
Key Ratios (%) 2Q25 1Q25 QoQ 1H25 1H24 YoY 2Q24 YoY ROE ~ 10.9 11.4 ▼ 11.1 11.4 ▼ 11.5 ▼ NIM ~* 2.15 2.16 ▼ 2.16 2.21 ▼ 2.23 ▼ NIM banking book ~* 2.64 2.66 ▼ 2.67 2.72 ▼ 2.70 ▼ Non-interest income / total income 31.6 30.6 ▲ 31.1 31.9 ▼ 31.1 ▲ Cost to income 45.5 46.9 ▼ 46.2 45.6 ▲ 45.9 ▼ Allowance
Slide 31: NOII breakdown
NOII breakdown (RM ’mil) 2Q25 1Q25 QoQ 1H25 1H24 YoY Fee & commission 694 724 (4.1%) 1,418 1,390 2.0% Brokerage 9 10 (10.0%) 19 19 0.0% Asset management and security services 3 5 (40.0%) 8 10 (20.0%) Trading & FX 931 928 0.3% 1,859 1,907 (2.5%) Dividend income 21 12 75.0% 33 81 (59.3%) Other income
Slide 32: PBT by Segments
PBT by Segments PBT (RM ’mil) 2Q25 1Q25 QoQ 1H25 1H24 YoY Consumer Banking (28.3%) 708 786 (9.9%) 1,494 1,489 0.3% Commercial Banking (17.5%) 484 437 10.8% 921 985 (6.5%) Wholesale Banking (38.2%) 980 1,035 (5.3%) 2,015 2,079 (3.1%) Corporate Banking (19.3%) 480 537 (10.6%) 1,017 1,224 (16.9%) Treas
Slide 33: PBT by Segment and Country
PBT by Segment and Country Consumer Banking 2Q25 1Q25 QoQ 1H25 1H24 YoY Malaysia (RM ’mil) 490 493 (0.6%) 983 917 7.2% Indonesia (IDR ’bil) 784 819 (4.3%) 1,603 1,600 0.2% Thailand (THB ’mil) (477) 219 (317.8%) (258) (130) (98.5%) Singapore (SGD ’mil) 21 9 133.3% 30 27 11.1% Others * (RM ’mil) 9 11
Slide 34: Consumer Banking Key Highlights
Consumer Banking Key Highlights Malaysia QoQ YoY Indonesia ^ QoQ YoY Consumer Gross Loans 0.8% 4.0% Consumer Gross Loans (0.1%) 4.7% Mortgages 0.8% 4.4% Mortgages 0.1% (2.5%) Wealth (1.4%) (5.8%) Auto (0.5%) 26.7% Auto 1.4% 4.9% Credit cards 0.4% 0.1% Credit cards 1.8% 10.1% Consumer Deposits 1.0% (
Slide 35: CIMB Niaga: Earnings Summary
CIMB Niaga: Earnings Summary (IDR 'bil) 2Q25 1Q25 QoQ 1H25 1H24 YoY Net interest income 3,305 3,319 (0.4%) 6,624 6,655 (0.5%) Non interest income 1,450 1,423 1.9% 2,873 2,929 (1.9%) Operating income 4,755 4,742 0.3% 9,497 9,584 (0.9%) Overhead expenses (2,141) (2,183) (1.9%) (4,324) (4,209) 2.7% PPO
Slide 36: CIMB Niaga: Key Ratios
CIMB Niaga: Key Ratios (Consolidated, %) 2Q25 1Q25 QoQ 1H25 1H24 YoY ROE ^ 13.1 14.0 ▼ 13.5 13.3 ▲ NIM ^ 3.93 3.99 ▼ 3.96 4.21 ▼ Cost to Income 45.0 46.0 ▼ 45.5 43.9 ▲ Loan Loss Coverage # 233.9 249.7 ▼ 233.9 253.1 ▼ Allowance Coverage 110.7 109.9 ▲ 110.7 113.4 ▼ Loan Loss Charge ^ 0.8 0.5 ▲ 0.7 0.9
Slide 37: CIMB Thai: Earnings Summary
CIMB Thai: Earnings Summary Before GAAP Adjustments 2Q25 1Q25 QoQ 1H25 1H24 YoY (THB 'mil) Net interest income 1,895 2,199 (13.8%) 4,093 4,739 (13.6%) Non interest income 1,302 1,385 (6.0%) 2,687 2,299 16.9% Operating income 3,197 3,584 (10.8%) 6,780 7,038 (3.7%) Overhead expenses (1,824) (1,707) 6.
Slide 38: CIMB Thai: Key Ratios
CIMB Thai: Key Ratios (Consolidated, %) 2Q25 1Q25 QoQ 1H25 1H24 YoY ROE ^ 1.4 6.7 ▼ 4.0 5.4 ▼ NIM ^ 1.72 2.07 ▼ 1.89 2.24 ▼ Cost to Income 57.0 47.6 ▲ 52.1 62.0 ▼ Loan Loss Coverage ** 155.9 134.3 ▲ 155.9 121.3 ▲ Loan Loss Charge ^ 1.9 1.3 ▲ 144.8 77.9 ▲ Gross NPL ratio ** 2.6 2.6 = 2.6 2.9 ▼ ROA 0.
Slide 39: IB Market Share and Ranking (1)
IB Market Share and Ranking (1) 1H25 1H24 1H25 1H24 Market Market Market Market Rank Rank Rank Rank Share Share Share Share DCM Domestic 23.6% 2 27.8% 2 DCM 4.2% 8 4.2% 8 Sukuk 24.1% 2 27.7% 2 M&A 89.6% 1 - - M&A - - 31.3% 3 Syndication ^ - - 10.1% 5 Syndication ^ 3.3% 15 1.5% 15 IPO - - 10.3% 3 IPO
Slide 40: IB Market Share and Ranking (2)
IB Market Share and Ranking (2) 1H25 1H24 1H25 1H24 Asia ASEAN Market Market Market Market Rank Rank (ex-Japan) * Rank Rank Share Share Share Share DCM 10.8% 1 11.0% 1 DCM 0.4% 58 0.4% 53 M&A 13.0% 5 6.0% 13 M&A 1.6% 22 1.2% 23 Syndication ^ 2.0% 15 2.0% 15 Syndication ^ 0.7% 37 0.4% 50 IPO 4.5% 8 4