Sumitomo Mitsui Financial Group, Inc. · TSE:8316

Sumitomo Mitsui Financial — Merger or Acquisition (May 2025)

10 slides from Sumitomo Mitsui Financial's merger presentation, May 9, 2025

1. Slide 1: Investment in YES BANK

   Investment in YES BANK May 9th, 2025 Copyright © 2025 Sumitomo Mitsui Financial Group. All Rights Reserved.

2. Slide 2: Overview of Investment

   Overview of Investment ◆ SMBC has signed an agreement*1 to acquire 20% of the outstanding common shares of YES BANK Limited (YES BANK), a commercial bank in India. ◆ Investment amount is INR 134.8 bn (approx. JPY 240 bn, PBR 1.4x), ROE >10% in the fifth year after the investment. ◆ Send two non-exec

3. Slide 3: Overview of Multi-Franchise Strategy

   Overview of Multi-Franchise Strategy Commercial banking business in India is the last piece of our Multi-Franchise Strategy. Focus on maximize returns from existing investments without expanding into additional countries or new businesses. Wholesale Retail Large Mid-size/SME Micro High-net-worth Mid

4. Slide 4: Strengths of YES BANK

   Strengths of YES BANK The 6th largest private bank in India with a network of >1,200 branches Transitioning from a strong turnaround story to a growth phase Well-balanced business portfolio, primarily focused on rapidly growing SMEs and retail sectors Strong deposit growth driven by hybrid marketing

5. Slide 5: Strengths of YES BANK

   Strengths of YES BANK Large scale and strong network From a strong turnaround to a growth phase Growth Phases Sixth-largest asset size in the private sector*1 Business portfolio change / digital investment (JPY tn) Balanced HDFC 79.1 Strong deposit growth business portfolio ICICI 47.6 Axis Bank 29.8

6. Slide 6: Strengths of YES BANK

   Strengths of YES BANK Balanced Business Portfolio Strong deposit growth ⚫ Transformed to a balanced business portfolio by ⚫ Achieved strong deposit growth incl. CASA, by hybrid strengthening SME and retail businesses, shifting from a strategy with physical branches and strength in digital. focus on

7. Slide 7: (Ref.) Overview of YES BANK

   (Ref.) Overview of YES BANK Summary Consolidated Financial Summary*2 Name YES BANK Limited (JPY bn) FY3/23 FY3/24 FY3/25 Listing Mumbai Stock Exchange (Market cap: JPY 1 tn) Gross profit 216.5 241.8 271.4 Ratings Moody’s: Ba3 Expenses 158.9 180.2 193.8 Establish- 2003 ment Net business 57.6 61.6 77.

8. Slide 8: (Ref.) Growth potential of the Indian market

   (Ref.) Growth potential of the Indian market Population growth continues*1 Demographic bonus expected until 2050 The second largest GDP in the world*2 (bn people) (times) 2022 2047 forecast 18 2.4 GDP USD 3.4 tn USD 32 tn 2.2 16 2.0 World ranks #5 #2 Demographic Bonus Line (2x) 1.8 GDP growth rate f

9. Slide 9: (Ref.) SMBC's history in India

   (Ref.) SMBC’s history in India Expanded coverage area Historical growth of business in India 2013 2017 2020 2021 2024 2025 SMICC SMICC Gift City YES New Delhi Mumbai Chennai (74.9%) (100%) Branch BANK (JPY bn) Loan Balance ⚫ Cover across all of India Wholesale Retail SMICC primarily in suburban and

10. Slide 10: Forward-looking statements disclaimer

    This document contains “forward-looking statements” (as defined in the U.S. Private Securities Litigation Reform Act of 1995), regarding the intent, belief or current expectations of Sumitomo Mitsui Financial Group, Inc. (“the Company”) and its management with respect to the Company’s future financi

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