First Half 2025 CEO Presentation

OCBC Financial Results

‌Results overview

• Diversified earnings cushioned impact from lower interest rate environment

  • Strong growth in Group wealth management fees

  • Improved customer flow treasury income

  • Higher profit contribution from Great Eastern

• Expenses well controlled, cost-to-income ratio below 40%

• NPL ratio unchanged at 0.9%; coverage ratio at 156%

• Interim dividend of 41 cents for 1H25, dividend payout ratio at 50%

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  ‌Outlook

  Focused on building strengths while navigating near-term uncertainties

• Continued headwinds from tariffs and geopolitical tensions

• Operating environment to remain challenging; expect

  global and regional growth to be slower from 2H

• Strong balance sheet and capital position to navigate volatilities

• Long-term positive on fundamentals

• Steadfast in executing our strategic objectives

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  ‌2025 financial targets

  Outlook

• Net interest income lower by mid-single-digit percentage as NIM impact more than offset volume growth; NIM in the range of 1.90% to 1.95%

• Mid-single-digit loan growth

• Cost-to-income ratio in low 40s

• Credit costs in the range of 20 to 25 bps

• 60% total dividend payout ratio for full year 2025 plus share buybacks

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Disclaimer: This presentation should be read as an overview of OCBC's current business activities and operating environment which may contain statements relating to OCBC's growth strategy and future business aspirations. This presentation contains "forward-looking statements", which are based on current expectations and projections about future events, and include all statements other than statements of historical facts, including, without limitation, any statements preceded by, followed by or that include the words "targets", "believes", "expects", "aims", "intends", "will", "may", "anticipates", "would", "plans", "could", "should", "predicts", "projects", "estimates", "foresees" or similar expressions or the negative thereof, as well as predictions, projections and forecasts of the economy or economic trends of the markets, which are not necessarily indicative of the future or likely performance of OCBC, and projections and forecasts of the performance of OCBC, which are not guaranteed. Such forward-looking statements, as well as those included in any other material discussed at the presentation, concern future circumstances and results and involve known and unknown risks, uncertainties and other important factors beyond the Company's control that could cause the actual results, performance or achievements of OCBC to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions and estimates regarding OCBC and its subsidiaries' present and future business strategies and the environment in which OCBC or the OCBC Group will operate in the future. Forward-looking statements are not guarantees of future performance. These forward-looking statements speak only as at the date of this presentation, and none of the Company or any of its directors, agents, employees or advisors intends or has any duty or obligation to supplement, amend, update or revise any such forward-looking statements to reflect any change in the expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based or whether in the light of new information, future events or otherwise. Given the aforementioned risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements as a prediction of actual results or otherwise. These statements should not be solely relied upon by investors or potential investors when making an investment decision. OCBC accepts no liability whatsoever with respect to the use of this document or its content.