AMMB Holdings Berhad AmBank Group · PDF fileAMBANK GROUP –GROUP INVESTOR RELATIONS &...

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1 AMBANK GROUP GROUP INVESTOR RELATIONS & PLANNING INVESTORS PRESENTATION 9MFY2012 Cheah Tek Kuang Group Managing Director AmBank Group Investors Presentation 9M FY2012 Results 14 February 2012 AMMB Holdings Berhad

Transcript of AMMB Holdings Berhad AmBank Group · PDF fileAMBANK GROUP –GROUP INVESTOR RELATIONS &...

Page 1: AMMB Holdings Berhad AmBank Group · PDF fileAMBANK GROUP –GROUP INVESTOR RELATIONS & PLANNING –INVESTORS PRESENTATION 9MFY2012 3 Pre ANZ Partnership Focus Scale & Presence ANZ

1AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Cheah Tek KuangGroup Managing Director

AmBank GroupInvestors Presentation

9M FY2012 Results

14 February 2012

AMMB Holdings Berhad

Page 2: AMMB Holdings Berhad AmBank Group · PDF fileAMBANK GROUP –GROUP INVESTOR RELATIONS & PLANNING –INVESTORS PRESENTATION 9MFY2012 3 Pre ANZ Partnership Focus Scale & Presence ANZ

2AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

1. Executive summary

2. 9M FY2012 Group Financial Performance

3. Outlook

4. Group Strategy

5. Divisional Performance

6. Supplementary Information

o Economic landscape

o Strategic partnerships

o Competitive positioning

Page 3: AMMB Holdings Berhad AmBank Group · PDF fileAMBANK GROUP –GROUP INVESTOR RELATIONS & PLANNING –INVESTORS PRESENTATION 9MFY2012 3 Pre ANZ Partnership Focus Scale & Presence ANZ

3AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Pre ANZ Partnership Focus Scale & Presence

ANZ Partnership Focus (FY2008/2011) Reposition & Build

Medium Term Aspiration (MTA):

FY2012 – FY2014To Become Malaysia’s Preferred Banking Group with International Connectivity

PATMI up 14%, improving ROE

Strong CASA (+20%) and moderated loans growth to manage NIM (higher QoQ)

Capital base positioned for BNM1’s Basel 3 guidelines and target payouts

Credit ratings upgraded: BBB+/A-2/Stable by S&P2

Due diligence in progress to acquire a local general insurance company

9MFY2012 – continued profit growth momentum

FY2012 Improving Returns

9M FY2012 Highlights

1 Bank Negara Malaysia 2 AmBank (M) Bhd and AmInvestment Bank upgraded by Standard & Poor’s

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4AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Transaction* Islamic*

+30.8% +9.8%

Disciplined strategy execution delivering results

PATMI

EPS 1

(basic)

ROA

ROE

9MFY12 vs 9MFY11 PATMI growth

9MFY2012 – continued growth momentum

Higher income, reflecting strong performance from non-interest income

Credit quality improving with lower charge offs/allowancesP

Higher contributions from most divisions

Life Assurance: Increasing focus on Bancassurance and better performing agencies P

Divisional growth

YoY Change

* Performances reflected within divisional outcomes1 Not annualised

9MFY12 9MFY11 ∆% Q3FY12 Q2FY12 Q1FY12 Q4FY11 Q3FY11

1,168.2 mil 1,026.5 mil +13.8% 357.2 mil 369.5 mil 441.5 mil 316.3 mil 325.3 mil

14.6% 13.9% +0.7% 13.2% 13.7% 17.0% 12.7% 13.0%

1.48% 1.43% +0.05% 1.39% 1.37% 1.69% 1.26% 1.32%

39.1 sen 34.2 sen +14.3% 12.0 sen 12.4 sen 14.8 sen 10.5 sen 10.8 sen

Retail BusinessCorporate & Institutional

Investment Markets Life General

+3.6% +17.8% +35.5% +29.0% +51.3% -18.2% +38.7%

Performance

Page 5: AMMB Holdings Berhad AmBank Group · PDF fileAMBANK GROUP –GROUP INVESTOR RELATIONS & PLANNING –INVESTORS PRESENTATION 9MFY2012 3 Pre ANZ Partnership Focus Scale & Presence ANZ

5AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Net Lending1

CASA

Adjusted Customer Deposits2

Loans growth targeting profitable & viable segments

Strong deposit growth via expanded product and service offerings

Implementing customer segmentation to enhance share of wallet and increase cross-selling

Gross impaired loans

RWCAR

LD Ratio3

Tier 1 CAR

Proactive risk management

Implemented FRS disciplines under BNM transitional provisions and new FTP4

Capital levels positioned for BNM’s Basel 3 guidelines

1 Includes Islamic loans sold with recourse2 Adjusted customer deposits include term funding and loans sold with recourse

3 Based on net loans including loans sold with recourse over adjusted customer deposits4 Funds transfer pricing

5 Estimated capital ratios include Q3FY11/FY12 unappropriated profits of AmBank (M) Bhd Group & AmInvestment Bank Group

CTI

Growth

Risk, Capital & Funding Profile

P

P

Loans growth targeting profitable segments; strong CASA growth

YoY Change

CET-1

YoY Change

To be updated

9MFY12 9MFY11 ∆% FY11

74.1 bil 69.5 bil 6.6% 71.1 bil

82.2 bil 76.7 bil 7.2% 81.3 bil

12.0 bil 10.0 bil 20.0% 10.4 bil

9MFY12 9MFY11 ∆% FY11

2.64% 3.35% -0.71% 3.33%

14.7% 15.1%5 15.1% 15.2%5 -0.4% 14.4%

10.3% 10.6%5 9.4% 9.5%5 0.9% 10.2%

8.2% 8.5%5 7.3% 7.4%5 0.9% 8.0%

90.2% 90.7% 0.5% 87.4%

40.1% 39.5% 0.6% 39.9%

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6AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Malaysia: Sustainable

growth

• Persistent global headwinds and Euro zone crisis to continue weakening external demand

• Despite downside risk from external sector, initiatives under ETP and 10th Malaysian plan as well as stable employment continue to provide some support for private investment and consumption

• Malaysia GDP : 2011f1 – circa 5%; 2012f1 – moderating to circa 4%

Industry: Strong

fundamentals, some challenges

• New macro-prudential measures being introduced by regulators on consumer loan products to curb financial imprudence risk in the household sector

• Anticipating interest rates to be maintained in the short term; whilst moderating loans demand and on-going competition for loans and deposits will continue to impact margins

• Tougher economic environment likely to put pressure on improving asset quality trends

• 10-year Financial Sector Blueprint provides for further liberalisation of financial services and framework for new products and services across all segments

AMMB: Execute to

strategic themes

• Stay focused on growing sustainable non-interest income, CASA/deposits and loans growth targeting profitable and viable segments

• Subdued conditions and sentiments but ETP/Budget 2012 provide future opportunities

• Continue investing in infrastructure whilst maintaining high standards of governance and risk disciplines

• Leveraging strategic partnerships and International Connectivity for growth

• Cautious on short term outlook with downside risks

What is ahead…

1 Inhouse research 2 Update since H1FY2012 Investors Presentation highlighted in blue and italics

Page 7: AMMB Holdings Berhad AmBank Group · PDF fileAMBANK GROUP –GROUP INVESTOR RELATIONS & PLANNING –INVESTORS PRESENTATION 9MFY2012 3 Pre ANZ Partnership Focus Scale & Presence ANZ

7AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Ashok RamamurthyDeputy Group Managing Director &

Group Chief Financial Officer

AmBank GroupInvestors Presentation

9M FY2012 Results

14 February 2012

AMMB Holdings Berhad

Page 8: AMMB Holdings Berhad AmBank Group · PDF fileAMBANK GROUP –GROUP INVESTOR RELATIONS & PLANNING –INVESTORS PRESENTATION 9MFY2012 3 Pre ANZ Partnership Focus Scale & Presence ANZ

8AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

1. Executive summary

2. 9M FY2012 Group Financial Performance

3. Outlook

4. Group Strategy

5. Divisional Performance

6. Supplementary Information

o Economic landscape

o Strategic partnerships

o Competitive positioning

Page 9: AMMB Holdings Berhad AmBank Group · PDF fileAMBANK GROUP –GROUP INVESTOR RELATIONS & PLANNING –INVESTORS PRESENTATION 9MFY2012 3 Pre ANZ Partnership Focus Scale & Presence ANZ

9AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

PATMI 9MFY11Net interest incomeNon Interest IncomeTotal income Expenses PBP Impairments PBT Taxation & zakat PAT Minority interests PATMI 9MFY12

Higher non-interest income & lower allowances driving profit growth

26.5% 9.4% 10.0%

10.1% 1,168.2 mil

13.8%

3.6%

8.2% 7.1% 11.0% 13.7%

1,026.5 mil

Positive growth in 9MFY12PATMI Contraction in 9MFY12

PATMI9MFY11

Net Interest Income

Non-Interest Income

Total income Expenses PBPProvisions/Allowances

PBT Tax PAT MIPATMI

9MFY12

9MFY12 (RM’mil)

2,058.4 1,135.9 3,194.3 1,282.5 1,911.8 313.4 1,598.5 388.2 1,210.3 42.1

9MFY11(RM’mil)

2,053.7 897.7 2,951.4 1,165.9 1,785.5 345.9 1,439.6 374.8 1,064.7 38.3

Non interest income = ~36% of total income

Ongoing medium term investments in human capital and infrastructure but well within CTI targets

0.2%

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10AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

PATMI H1FY11 Retail banking Business banking Corporate &Institutional

InvestmentBanking

Markets Life Assurance General Insurance OperatingSegments

PATMI H1FY12PATMI

9MFY11Retail Business

Corporate & Institutional

Investment MarketsLife

Assurance^General

InsuranceOperating Segments

Transaction* Islamic*

PATMI9MFY12

% of Composition

37% 14% 16% 10% 20% 4% 5% -6%

9MFY12 (RM’mil)

433.6 158.9 186.7 116.2 235.1 42.2 64.0 -68.61 110.0 181.4

9MFY11 (RM’mil)

418.6 134.9 137.8 90.1 155.4 51.6 46.2 -8.2 84.1 165.1

Diversified divisional contributions; targeting profitable segments

PATMI (by division)

Positive growth in 9MFY12

35.5%

51.3% 38.7%

1,026.5 mil

1,168.2 mil

29.0%

13.8%

Contraction in 9MFY12

18.2%9.8%

* Performances reflected within divisional outcomes ̂Life Assurance surplus is transferred into life policy shareholders’ fund in overall Group accounts

1 includes expenses for recently set-up AmFamily Takaful business

84%

84%

Conventional PATMI Islamic PATMI

16%

16%

Lower profit transferred in 9MFY12 pending business model refinements

3.6%17.8%

->100% 30.8%

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11AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

3.44%

2.68%2.92%

3.13% 3.08% 3.13% 3.17%

3.04%

2.98% 2.94%

2.74% 2.65% 2.71%2.85%

FY09 FY10 FY11 9MFY12 Q1FY12 Q2FY12 Q3FY12

Cost of funds NIM

NIM

COF

Growing non-interest income; higher NIM QoQ

FY09 FY10 FY11 9MFY11 Fee IncomeTrading &

InvestmentInsuranceBusiness

Others 9MFY12

Fee Income Trading & Investment Insurance Business Others

As % of total income22% 29% 30% 30% 36%

48%

37%

1%

14%

26.5%

638.2 1,040.3 1,170.3 897.7 1,135.9 5.9% 77.2% 16.7% 23.4%

Non-interest income movement

Note :1 Net Interest Margin includes Net Financing Income from Islamic Banking business 2 FY09-9MFY12 based on internal data computation

Cost of Fund NIM OPR SRR

3.44%

2.68%

2.92% 2.92% 2.86% 2.91% 2.90% 2.85%

2.92%

3.04%

2.98% 2.94% 2.94%3.05%

2.95% 2.90%3.01%

2.94%

FY09 FY10 FY11 Q1FY12 Q1FY11 Q2FY11 Q3FY11 Q4FY11 Q1FY12

Cost of funds NIM

3.44%

2.68%

2.92% 2.92% 2.86% 2.91% 2.90% 2.85%

2.92%

3.04%

2.98% 2.94% 2.94%3.05%

2.95% 2.90%3.01%

2.94%

FY09 FY10 FY11 Q1FY12 Q1FY11 Q2FY11 Q3FY11 Q4FY11 Q1FY12

Cost of funds NIM

NIM and Cost of Funds

2.50%2.75% 2.75% 2.75%

3.00%

3.00%

1.00% 1.00% 1.00% 1.00%

2.00%

3.00%

4.00%

Q1FY11 Q2FY11 Q3FY11 Q4FY11 Q1FY12 Q2FY12

OPR SRR

SRR

OPR

2.50%2.75% 2.75% 2.75%

3.00%

3.00%

1.00% 1.00% 1.00% 1.00%

2.00%

3.00%

4.00%

Q1FY11 Q2FY11 Q3FY11 Q4FY11 Q1FY12 Q2FY12

OPR SRR

SRR

OPR

FY09 FY10 FY11 9MFY12 Q1FY12 Q2FY12 Q3FY12

2.00%2.25%

2.75%

3.00%

1.00% 1.00% 1.00%

4.00%

FY09 FY10 FY11 9MFY12

OPR SRR

COF

NIM

SRR

OPR

RM’mil

NIM 14bps

COF 4bps

3.00% 3.00%3.00%3.00%

2.00%

4.00% 4.00%

Q1FY12 Q2FY12 Q3FY12

OPR SRR

SRR

OPR

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12AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

3.18%

0.97% 0.60%0.88%

6.2%

3.7%

2.6%

1.5%

10.4%

6.3%

4.1%

2.8%

3.81%3.33%

2.64%

0.67% 0.53%

FY2007 FY2008 FY2009 FY2010 Day 1 FY2011 9MFY2012

Net Provisions Charge Net NPL Ratio Gross NPL Ratio Gross Impaired Loans Loan Loss Charge

3.182.02 1.50 1.01

5.53

3.602.43

1.87 2.54 2.45 2.01

56.6%67.3%

75.1%

99.5%89.1%

102.3% 107.5%

FY2007 FY2008 FY2009 FY2010 Day 1 FY2011 9MFY12

Net NPL Gross NPL Gross Impaired Loans Loan Loss Coverage Allowance Coverage

4.603.18 2.02 1.50

6.14

5.533.60

2.43 2.54% 2.54 2.45

56.6%67.3%

75.1%

99.5%

89.1%

102.3% 104.0%

FY2007 FY2008 FY2009 FY2010 Day 1 FY2011 Q1FY12

Net NPL Gross NPL Gross Impaired Loans Loan Loss Coverage Allowance Coverage

3.18%

0.97% 0.60%0.88%

6.20%

3.70%

2.60%

1.50%

10.40%

6.30%

4.10%

2.80%

3.80%3.30% 2.96%

0.67% 0.40%

FY2007 FY2008 FY2009 FY2010 Day 1 FY2011 Q1FY12

Net Provisions Charge Net NPL Ratio Gross NPL Ratio Gross Impaired Loans Loan Loss Charge

Asset quality continues to improve

Asset Quality Indicators

FRS

13

9GP

3

117bps

14bps

RM’bil

FRS

139G

P3

Allowance Coverage:

• Retail Bkg: 99.5%• Business Bkg: 55.9%

FY2007 FY2008 FY2009 FY2010 FY2011 9MFY2012

Gross Impaired Loans

• Retail Bkg: 2.67%• Business Bkg: 2.38%

Day 1[1 April 10]

Page 13: AMMB Holdings Berhad AmBank Group · PDF fileAMBANK GROUP –GROUP INVESTOR RELATIONS & PLANNING –INVESTORS PRESENTATION 9MFY2012 3 Pre ANZ Partnership Focus Scale & Presence ANZ

13AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Note :

1 FY2004 and FY2005 financials based on gross before IIS

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

GP 3

FY2004 -FY2007 FY2008-FY2010 FY2011

FRS 139

0.00%

0.60%

1.20%

1.80%

Q1 Q2 Q3 Q4

% New Gross NPL / Gross Impaired Loans to Gross Loans

FY2004-FY2007 FY2008-FY2010

FY2011 Q1FY20129MFY2012

New gross impaired loans formation within expectations

0.00%

0.60%

1.20%

1.80%

Q1 Q2 Q3 Q4

% New Gross NPL / Gross Impaired Loans to Gross Loans

0.00%

0.40%

0.80%

1.20%

Q1 Q2 Q3 Q4

% Gross NPL / Impaired Loans Conversion to Gross Loans

0.00%

0.20%

0.40%

0.60%

Q1 Q2 Q3 Q4

% Recoveries to Avg Gross Loans

0.00%

0.50%

1.00%

1.50%

2.00%

Q1 Q2 Q3 Q4

% Write-Offs to Avg Gross Loans

Impairments caused by a previously restructured Business Banking loan

Prudently accelerated write-offs of partial provisions post system enhancements

Page 14: AMMB Holdings Berhad AmBank Group · PDF fileAMBANK GROUP –GROUP INVESTOR RELATIONS & PLANNING –INVESTORS PRESENTATION 9MFY2012 3 Pre ANZ Partnership Focus Scale & Presence ANZ

14AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Gross Loans9MFY11

Auto Financing Mortgage Credit Cards Line of Credit Co-Op Asset Financing Business Banking(ex GLR)

Corporate &Institutional

Banking

Others Gross Loans9MFY12

Faster growth in non-retail loans

Positive growth in 9MFY12 Contraction in 9MFY12Non-RetailRetail

Gross Loan1 / Financing1 movement

Retail Non-Retail

1.6% 14.7%

71.9bil

7.0% 9.7% 15.3%

16.0%

9.3% 8.3%

>100.0% 76.3bil

38%

62%

6.2%

35%

65%

Gross Loan9MFY11

Auto Financing

Mortgage Credit Cards Line of Credit Co-OpAsset

FinancingBusiness

Corporate & Institutional

OthersGross Loan

9MFY12% of

Composition34.0% 19.6% 1.4% 1.0% 2.4% 3.7% 20.4% 18.0% -0.5%

9MFY12 (RM’bil)

25.9 14.9 1.1 0.75 1.9 2.8 15.6 13.8 -0.4

9MFY11 (RM’bil)

26.0 14.0 1.0 0.83 2.3 2.6 13.5 11.9 -0.2

Total Fixed interest rate Variable interest rateMar-08 Dec-11 Mar-08 Dec-11 Mar-08 Dec-11

Conventional 82% 78% 47% 30% 38% 48%Islamic 18% 22% 15% 15% 0.1% 6%

100% 100% 62% 45% 38% 55%

Loan portfolio trends:

0.3% 17.9%

1 Including Islamic financing sold to Cagamas

No

n-re

tailR

etail

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15AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

14.0% 13.9% 15.0% 13.9% 14.6%

71.8% 77.0% 77.4% 74.4% 75.2%

2.0%0.7% 1.5% 6.9% 7.1%3.0% 1.0%

1.2% 0.6% 0.8%9.2%

7.4% 4.9%4.3% 2.2%

FY08 FY09 FY10 FY11 9MFY12

Improving funding composition

Shareholders' Equity & Debt Capital Deposits from CustomersTerm Funding &loans sold with recourse > 1 yr Term Funding & loans sold with recourse < 1 yrDeposits from Banks and FIs

5.1 2.5 3.08.0 10.5 [12.5%]

23.6 25.5 26.8

29.729.8

[36%]

20.2 26.329.6

27.4

32.5[39.5%]9.0

10.911.2

16.3

9.6[12%]

FY08 FY09 FY10 FY11 9MFY12

Diversify funding

Term funding Individuals Biz enterprises Government

RM'bil

Lengthening debt capital & term funding profile

1. Term funding includes Senior Notes, credit-linked notes, loans sold with recourse and other sources such as pension and retirement funds, non-profit organisations and similar* Based on AmIslamic Bank Bhd maturity profile

70.7

81.382.2

65.2

57.9

Funded assets financed by equity, customer deposits and longer-term debt:

• 9MFY12 = 97.0%

• FY11 = 95.2%

• FY10 = 93.9%

• FY09 = 91.6%

• FY08 = 87.8%*

Issued RM2.92 bil Senior Notes (RM7 bilprogram) and RM550 mil Senior Sukuk(RM3 bil program) since early 2010

Raised RM600 mil Subordinated Sukuk(RM2 bil program) in Sept 2011

Improved stable funding with well distributed debt maturities

-

1.0

2.0

3.0

4.0

5.0

6.0

7.0

FY06 FY08 FY09 FY10 FY11 FY12 YTD FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19+

RM'bil

Debt Capital Term Funding Loans sold to Cagamas

Issuance Maturity

95.2% 97%

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16AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

28.2sen

31.6sen

34.7sen

44.7sen 39.1

sen*

6.0sen

6.6sen

6.0sen

8.0sen

10.5sen

12.0sen

18%20%

28%

40%

25%

Interim Dividend Total Dividend Dividend Payout Ratio

ROE ROA

EPS, BasicSen/Share

Dividend, GrossSen/Share

Delivering higher shareholders’ returns

FY08 FY09 FY10 FY11 9MFY12 FY08 FY09 FY10 FY11 9MFY12

* Not annualised, cumulative 9MFY2012

FY08 FY09 FY10 FY11 9MFY12 FY08 FY09 FY10 FY11 H1FY12

6.0sen

6.6sen

6.0sen

8.0sen

10.5sen

12.0sen

18% 19%

28%

40%

12%

Interim Dividend Total Dividend Dividend Payout Ratio

11.5% 11.7% 11.5%13.6% 14.6%

1.02% 1.04% 1.13%1.39% 1.48%

Interim (H1FY12)

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17AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Estimated capital ratios^ (include Q3FY12

unappropriated profits)

Risk AppetiteFramework

Targets

RWCAR: 15.1% 14% ± 2%

Tier 1 CAR: 10.6% 10% ± 1.5%

CET 1 Ratio: 8.5% 8% ± 1%

by Legal Entities2

Pro-forma AmBank Group Banking Entities^

Tier 1 CAR RWCAR

AmBank (M) Berhad 10.1% 14.7%

AmInvestment Bank Berhad 23.2% 23.2%

AmIslamic Bank Berhad 8.0% 13.5%

Capital adequacy :

Capital adequacy

Capital levels positioned for BNM’s Basel III guidelines and target payouts

* Banking entities include AmBank (M) Berhad Group, AmInvestment Bank Group and AmIslamic Bank

^ Estimated capital ratios include Q3FY12 unappropriated profits of AmBank (M) Bhd Group & AmInvestment Bank Group

1: Double leverage ratio computed based on AMMB Holdings Bhd Company level

2. 9MFY12 (after deducting proposed dividend) 3. Internal Capital Adequacy Assessment Process

Capital management plan :

1. Optimise capital profile & buffer

2. Enhance scenario modeling

3. Streamline corporate structure

4. Develop dynamic dividend policy

5. Proactively manage Basel III requirements

6. ICAAP3: Risk Appetite & Strategy, Business & Strategy Planning, Risk Assessment, Capital Planning, Stress Testing, Capital Uses

Double leverage ratio1 0.98x

Balance Sheet leverage ratio (total equity net of deferred tax & intangible assets over total

assets net of deferred tax & intangible assets)

8.2%

Total leverage ratio (total equity net of

deferred tax & intangible assets over total assets net of deferred tax & intangible assets& Off BS )

6.1%

7.7%* 8.1%* 8.0%* 8.2%

9.7%10.3% 10.2% 10.3%

15.2%15.8%

14.4% 14.7%

FY2009 FY2010 FY2011 9MFY2012

CET 1 Ratio Tier 1 CAR RWCAR* include preference shares

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18AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

1. Executive summary

2. 9M FY2012 Group Financial Performance

3. Outlook

4. Group Strategy

5. Divisional Performance

6. Supplementary Information

o Economic landscape

o Strategic partnerships

o Competitive positioning

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19AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

• Accelerate CASA & deposit growth, profitable asset growth and lower credit cost over time• Diversify retail income, continue to invest for medium term outcomes• Forecasting flat profit contribution for FY2012

• Income growth arising from larger asset base and growth in non-interest income• Higher deposit growth and increase cross-selling • Forecasting increased profit contribution in FY2012

• Income growth from non-interest income and larger asset base• Focus on cross-sell and grow deposits, increase regional business via collaboration with ANZ• Anticipating increased in profit contribution in FY2012

• Leverage on upturn in capital market and new initiatives• Increase regional business through closer collaboration with ANZ• Anticipating better profits for FY2012

• Increase product offerings, higher contributions from FX and derivatives• Expecting strong profit growth in FY2012 but a slower second half

• Launch new products, improve efficiency and governance, and leverage strategic partnership with FL• Expecting lower profit contribution for FY2012

• Higher contributions from new products & increase in share of wallet from retail & biz customers• Expecting good growth in premium and profits for FY2012

Profit growth for FY2012 expected @ 10 – 12%

RETAIL*

BUSINESS*

CORPORATE & INSTITUTIONAL*

INVESTMENT*

LIFE ASSURANCE*

GENERAL INSURANCE

MARKETS*

FY2012 PRIORITIES

Profitable growth and rebalancing Diversification and new business development Non-interest income and deposit growth Customer centricity

* Conventional & Islamic

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20AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

FY07 FY08 FY09 FY10 FY11 9M FY12FY12

Estimate

MTA

FY13 - FY14

PATMI*(RM’mil)

ROE (%)

CTI (%)

Net NPL ratio /Gross

impaired loans (%)

Dividend:Gross (sen)

Payout (%)

*

Medium Term Aspiration (MTA) and estimates

*PATMI: profit after tax and minority interests

- 282.5 668.5 860.8 1,008.6 1,342.8 1,168.2 10 – 12%10 – 14%

CAGR

- 5.8% 11.5% 11.7% 11.5% 13.6% 14.6% circa 14% 13 – 15%

38.8% 40.2% 43.3% 42.0% 39.9% 40.1% ≤ 42% ≤ 42%

6.2% 3.7% 2.6% 1.5% /

3.8% 3.3% 2.6% ≤ 2.75% 2 – 2.75%

5.0 sen / share

(loss year)

6.0 sen /

share

18.3%

8.0 sen / share

20.3%

10.5 sen / share

28.1%

18.0 sen / share

40.4%

(interim)

6.6 sen /

Share

24.5%

40 – 50%

Payout

40 – 50%

Payout

Actual

Investing for growth over

medium term

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21AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Good 9MFY2012 results, maintaining profit growth momentum

Stay focused on growing sustainable non-interest income, CASA/deposits, and loans growth targeting profitable and viable segments

Subdued conditions and sentiments but ETP/Budget 2012 provide future opportunities

Continue investing in infrastructure whilst maintaining high standards of governance and risk disciplines

Leveraging strategic partnerships and International Connectivity for growth

Cautious on short term outlook with downside risks

Summary

1

2

4

3

5

6

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22AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

1. Executive summary

2. 9M FY2012 Group Financial Performance

3. Outlook

4. Group Strategy

5. Divisional Performance

6. Supplementary Information

o Economic landscape

o Strategic partnerships

o Competitive positioning

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23AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

RETAIL*

Develop a liability-led business, grow assets in

targeted segments & expand Wealth Management

BUSINESS*

Grow diversified & profitable assets, increase deposits, fee

based business & international trade finance leveraging on

ANZ

TRANSACTION*

Become Top 5 Banking Service Provider in Malaysia by FY2016

with 10% market share

CIB*

Deliver innovative and quality solutions, increase ‘share of

wallet’, target high-profile’ and high value clients and leverage

ANZ for x-border businesses

INVESTMENT*

Deliver comprehensive solutions, lead in capital

markets, funds management, stock broking and enhance

domestic and overseas distribution via ANZ

MARKETS*

Deliver substantive, integrated and client-led business with

full suite of FX, Rates, Commodities and FI offerings

with ANZ collaborations

LIFE ASSURANCE*

Become the top life insurer for service; an industry

benchmark for TCF, strong infrastructure, sufficient scale

to be relevant and credible whilst maintaining margins

and cash profile

GENERAL INSURANCE

Provide insurance solutions to our customers and business

partners that meet their insurance needs and exceed

their service expectations

Medium Term Aspiration (MTA)

“To become Malaysia’s Preferred Banking Group with International Connectivity”

DIV

ISIO

NA

L A

SPIR

ATI

ON

SOur Aspirations…

* Conventional & Islamic

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24AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

GROWTH LEVERS

LEVERAGE INTERNATIONAL CONNECTIVITY

• Leverage ANZ’s international connectivity via biz development initiatives• Expand product and service offerings for cross-border opportunities• Broaden regional clientele base & widen distribution network

INVEST TO GROW INCOME

• Develop customer centric business models• Enhance wealth management business• Carve out ‘Transaction Banking’ as a division focusing on cash management &

international trade • Develop new family Takaful business with Friends Life• Introduce new products and enhance relationship teams

INCREASE CUSTOMER SHARE OF WALLET

• Develop products to fulfill customer segment & life cycle needs• Enhance distribution footprints for easier accessibility• Up ante in cross-selling efforts across Group• Enhance core banking systems

CAPITALISE ON ETP• Target ETP projects in NKEA sectors• Key focus areas – loans, bridging finance and advisory services for PDS issuances /

capital market activities and private pension industry

UPGRADE CAPABILITY & PRODUCTIVITY

• Invest in human capital development• Enhance account planning system for business growth• Consolidate operations to improve efficiencies

1

2

3

4

5

STRATEGIC INITIATIVES

Business transformation and growth plans

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25AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Strategic Business Transformation: Good Progress

12 months

(FY 2008)

24 months

(FY 2009)

36 months

(FY 2010)

• Set Group’s Medium Term Aspirations (MTA)• Agreed Group’s transformation strategy, agenda and targets• Realigned auto financing business towards profitable growth• Improved asset quality

Strategic Business

Transformation

High Priority

Growth Initiatives

Governance &

Enablement

Functions

48/60 months

(FY 2011/12)

• Realigned growth towards profitable and viable segments• Realigned Markets Fixed Income business model• Reset Mortgage business strategy and action plans• Consolidated Group balance sheet activities within commercial bank• Split composite insurance license to General and Life

• Deposits as profit centres across Group• Realigned customer ownerships and focus• Proactively strengthened capital and liquidity management• Repositioned balance sheet for rising interest rates

• Completed structural realignment to improve target segment focus• Develop customer centric business model - part of AmHorizon• Implementing account plans for business customers to increase SOW• Expanding product offerings and build new capabilities• Initiated Group Rebranding programme

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26AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

High Priority Growth Initiatives: Implemented To-Date

12 months

(FY 2008)

24 months

(FY 2009)

36 months

(FY 2010)

• Created new profit centre based retail branch distribution model• Setup ‘deposits’ as profit product across all divisions & grow CASA

48/60 months

(FY 2011/12)

• Created a separate Corporate and Institutional Banking (CIB) Division• New FX business in collaboration with ANZ• Enhanced cash management offering via Gross Payroll system• Friends Life brought in as new life strategic business partner

• Accelerated growth from GLC, GLIC and MNC• Build scale• New Rates business in collaboration with ANZ• Distribution footprint expansion (particular focus on 7-11 ATM’s) &

alternative channels

• Commenced leveraging ANZ for International connectivity• Strengthen wealth management biz and develop new strategies• Enhancing international trade and cash management business• Develop new family Takaful business with Friends Life• Commence Priority Banking expansion initiatives

Strategic Business

Transformation

High Priority Growth

Initiatives

Governance &

Enablement

Functions

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27AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Governance and Enablement Functions Streamlined:Supports Better Decision Making

12 months

(FY 2008)

24 months

(FY 2009)

36 months

(FY 2010)

• Privatised AmInvestment Bank as part of migration to universal banking platform for greater synergies

• Consolidated / simplified governance committee structures• Delivered line of business budgets and performance reporting• Created a Group PMO to prioritise and manage key strategic initiatives

48/60 months

(FY 2011/12)

• Established Advance Risk Recognition Program (ARRP)• Strengthened risk disciplines via Group Risk Appetite Frameworks• Separated ALCO, capital and balance sheet management from Markets• Delivered Peer Bank relative performance benchmarks• Implemented short and long term performance incentives

• Delivered 8 new generation retail scorecards & new market risk models • Commenced PD, LGD & EAD models for retail and non-retail, non-retail

security indicators• Developed leadership bench-strength and succession planning• Implemented Operational Risk Incident Reporting system and Basel II capital

calculator

• Implemented FTP system aligned to balance sheet strategies• Consolidated some Group Support into Centres of Excellence• Implementing Basel III, capital allocations and new ALM system• Finalised vendor and commence core banking system replacement• New AmFamily Takaful system to support commencement of Takaful business

Strategic Business

Transformation

High Priority

Growth Initiatives

Governance and

Enablement Functions

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28AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Funding strategy, improving diversity

RM10 bil senior notes programme

1st senior notes issuance by a financial institution in Malaysia

AmBank issued RM2.92bil senior notes (RM7bil over 30 year programme)

AmIslamic issued RM550m senior sukuk (RM3bil musyarakahprogramme)

Both rated AA3 (RAM)

Subordinated Sukuk

RM2bil subordinated sukuk musyarakah programme (issued RM600mil Sep’11)

Medium Term Notes

RM2bil medium term note (issued RM1.6bil Mar’08)

Improve funding stability, maturity gap & liquidity ratios

Reduce dependence on short-dated deposits to fund long-dated fixed rate loan assets which incur liquidity risk and interest rate risk

Diversifies investor base

No obligation for buy back since we are not exposed to withdrawal risks and the notes are traded in the open market

Enable depositors to invest in long and medium dated papers

Supplemented by:

Customer deposits

Enhance domestic distribution through branches/channels aligned to demographics

Adjusted LDR1 of 90.2%

Stable deposits represent >80% of our current balance;

CASA: RM12bil (growth =20%), FD: >RM62bil (strong retention)

Funding diversity underpinned by:

Benefits to funding strength

Statutory reserve and liquidity requirement savings

Reduced exposure to interest rate risks

Loans with Recourse

Recourse obligations on loans sold to Cagamas (maturing 2017)

Islamic financing sold to Cagamas (maturing 2016)

1 Based on net loans including loans sold with recourse over adjusted customer deposits (adjusted customer deposits include term funding and loans sold with recourse)

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29AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

ADVANCED RISK RECOGNITION PROGRAM INITIATIVESKEY AREAS

GOVERNANCE• A restructured independent Group Risk Management Department, headed by the Chief Risk Officer.• Executive Management and Board sub-committees were streamlined and charters modified to enhance overall

governance.• Established a model validation team to regularly review all material risk models within the Group.

UPGRADING RISK INFRASTRUCTURE

• Credit Risk Management: Implemented new PD scorecards for retail (3rd generation) and corporate. EAD and LGD models for both retail &

corporate. New behavioural scorecards being developed for retail customers. New financial spreadsheet tool enabling detailed financial projections and industry benchmarking. Enhanced pricing models taking into account risk factors (risk based pricing). New Security Indicator models developed for corporate customers. New model execution platform to enable automated provisioning and stress testing of Retail and Corporate

exposures.• Market Risk Management:

Implemented FX and derivatives front end system and new markets (FX, interest rates and equity) rates/price validation system.

FX & derivative limit monitoring and management system and VaR (FX, derivatives, equities) to be rolled out. new Funds Transfer Pricing Model used to allocate funding costs. new Asset and Liability Management system to enhance duration risk mismatches.

• Operational Risk Management: new incident reporting system for collecting, analyzing and estimating capital requirements.

ASSET QUALITY AND PORTFOLIO

DIVERSIFICATION

• Material improvement in net NPL / gross impaired assets, provisioning charges and loan loss coverage ratio over the past four years.

• Further diversification in the loan portfolio.• Portfolio diversification strategy to grow certain selected portfolios quicker than others (eg: well rated counterparties in

CIB and Business Banking).

FUNDING & LIQUIDITY RISK MANAGEMENT

• Established a dedicated unit i.e. “Balance Sheet & Capital Management” reports to the Group Chief Financial Officer and advises the Group Asset & Liability Committee with regards to Funding, Liquidity and Capital strategy options.

• Strong improvements in: retail deposits growth; liability structure incorporating raising term wholesale funding and asset and liability duration mismatches.

RISK APPETITE STRATEGY, EXECUTION & MONITORING FRAMEWORK

• Fine tune of risk appetite settings, clearly articulating risk / reward appetite. • Risk /reward supported by comprehensive asset writing & business strategies for each business unit. • Risk elements include - country, industry and customer single names limits, general loan underwriting standards, capital

allocation to business units and targeted returns.

Risk Management: enhancing risk recognition skills and asset quality

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30AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Medium Term Aspiration: Strategic priorities & growth levers

1. Leverage international connectivity

2. Invest to grow income

3. Enhance customer share of wallet

4. Capitalise on ETP

5. Upgrade capability and productivity

To become Malaysia’s Preferred Banking Group with International Connectivity

Growth LeversStrategic Priorities

Profitable growth and rebalancing

Diversification and new business development

Non-interest income and deposit growth

Customer centricity

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31AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

1. Executive summary

2. 9M FY2012 Group Financial Performance

3. Outlook

4. Group Strategy

5. Divisional Performance

6. Supplementary Information

o Economic landscape

o Strategic partnerships

o Competitive positioning

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32AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

PATPBPExpensesIncomeDevelop a liability-led business, grow assets in targeted segments and expand Wealth Management

9MFY11 results Positive growth in 9MFY12 Contraction in 9MFY12

Composition to Group 44.2% 40.6% 35.8%42.0%

9MFY12 vs RM'mil 9MFY11 9MFY12 9MFY11

Income 1,358.2 1,342.7 -▼ -1.1%

Expenses 527.7 567.0 ▲ +7.4%

PBP 830.5 775.7 -▼ -6.6%

Impairments 272.4 197.5 -▼ -27.5%

PBT 558.1 578.2 ▲ +3.6%

PAT 418.6 433.6 ▲ +3.6%

Gross Loans / Financing 45,054.8 45,924.1 ▲ +1.9%

Gross Impaired Loans 2.67% 1,384.1 1,225.9 -▼ -11.4%

Customer Deposits 32,469.9 34,227.3 ▲ +5.4%

CASA Deposits 7,329.7 8,591.3 ▲ +17.2%

ROA 1.26% 1.28% ▲ +0.02%

CTI 38.9% 42.2% ▲ +3.4%

Allowance Coverage 92.2% 99.5% ▲ +7.4%

Retail Banking: Improved asset quality main contributor to higher profits

Stable income & lower margins; continue focus on profitable & viable segments and pricing for risk

Lower impairments driving higher profits

Cost increases reflect medium term investments

Continued faster than system CASA growth

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33AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Expenses PBP PATIncomeGrow diversified & profitable assets, increase deposits, fee based business & international trade finance leveraging on ANZ

Composition to Group 13.4% 6.3% 18.1% 13.1%

9MFY11 results Positive growth in 9MFY12 Contraction in 9MFY12

Income mix for 9MFY12

RM'mil 9MFY11 9MFY12

Income 354.0 426.7 ▲ +20.5%

Expenses 76.4 80.8 ▲ +5.8%

PBP 277.6 345.9 ▲ +24.6%

Impairments 98.0 134.7 ▲ +37.4%

PBT 179.6 211.2 ▲ +17.6%

PAT 134.9 158.9 ▲ +17.8%

Gross Loans / Financing 13,537.8 15,605.1 ▲ +15.3%

Gross Impaired Loans 2.38% 222.6 371.1 ▲ +66.7%

Customer Deposits 6,252.0 7,420.4 ▲ +18.7%

CASA Deposits 2,421.4 2,355.0 -▼ -2.7%

ROA 1.48% 1.42% -▼ -0.06%

CTI 21.6% 18.9% -▼ -2.6%

Allowance Coverage 102.5% 55.9% -▼ -46.6%

9MFY12 vs

9MFY11

Business Banking: Good profit growth despite higher impairments

Higher income underpinned by diversified growth in asset base/strong fee income growth

Higher impairments caused by a previously restructured loan

Lending & deposits,

85.3%

Trade Services,

13.4%

Cash Management

& others, 1.3%

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34AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Income Expenses PBP PAT

Diversified loans portfolio leading to good income growth

Higher income contributions from lending and Asset Management

Impairments benefitted from higher write back due to loans sell downs/refinancing via capital market and better loans profile

Good CASA growth (>100%)

* Services include : large corporate lending& deposits,

financial institutions group, offshore banking, international business, private equity, REITs and loan syndication

Corporate & Institutional Banking: PAT up from good income & lower impairments

Deliver innovative and quality solutions, increase ‘share of wallet’, target high-profile and high-value clients and leverage ANZ for x-border businesses

Composition to Group 5.7% 11.7% 15.4%9.3%

9MFY11 results Positive growth in 9MFY12 Contraction in 9MFY12

Income mix for 9MFY12

Lending & deposits,

78%

Int. Biz, 17%

Asset Mgmt, 5%

RM'mil 9MFY11 9MFY12 9MFY11

Income 262.3 297.1 ▲ +13.3%

Expenses 70.4 73.7 ▲ +4.7%

PBP 191.9 223.4 ▲ +16.4%

Impairments 13.3 (18.4) -▼ ->100.0%

PBT 178.6 241.8 ▲ +35.4%

PAT 137.8 186.7 ▲ +35.5%

Gross Loans / Financing 11,859.0 13,753.9 ▲ +16.0%

Customer Deposits 31,966.9 33,518.3 ▲ +4.9%

ROA 1.55% 1.78% ▲ +0.23%

CTI 26.8% 24.8% -▼ -2.0%

Ave Assets Management 1,436.2 1,535.4 ▲ +6.9%

9MFY12 vs

G

G

G

G

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35AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Income Expenses PBP PAT

• Diversified income underpinned by good contributions from DCM, equity derivatives, funds management and private banking

• Higher staff cost & incentives linked to better financial performance

Investment Banking: PAT up from strong capital & equity market activities

1 Including AmInvestment Management, AmInvestment Services, AmIslamic Funds Management & private banking

Source : Malaysia Association of Asset Management & Lipper Hindsight

Deliver comprehensive solutions, lead in capital markets, funds management, stock broking and enhance domestic & overseas distribution via ANZ

Composition to Group 9.3% 8.1% 9.6%11.2%

9MFY11 results Positive growth in 9MFY12 Contraction in 9MFY12

Income mix for 9MFY12

Debt Cap Mrkt, 17%

Corporate Finance,

11%

Equity, 17%

Broking & Futures,

23%

Fund Mgmt,

26%

Private Banking,

6%

RM'mil 9MFY11 9MFY12

Income 256.3 298.2 ▲ +16.3%

Expenses 134.2 144.2 ▲ +7.5%

PBP 122.1 154.0 ▲ +26.1%

Impairments 1.1 (1.5) -▼ ->100.0%

PBT 121.0 155.5 ▲ +28.5%

PAT 90.1 116.2 ▲ +29.0%

CTI 52.4% 48.4% -▼ -4.0%

* Ave Assets Management 24,823.8 30,673.5 ▲ +23.6%

Ave Volume / Contract Traded (RM'mil/month)

Bursa M'sia 67,280.2 69,742.5 ▲ +3.7%

Future KL index (FKLI) 347.1 419.3 ▲ +20.8%

* IB Broking 5,290.4 4,268.4 -▼ -19.3%

* AmFuture - FKLI 79.7 66.9 -▼ -16.1%

Market Share as at:

* IB Broking 7.8% 6.1% -▼ -1.7%

* AmFuture -FKLI 23.1% 14.9% -▼ -8.2%

9MFY12 vs 9MFY11

1

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36AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Income Expenses PBP PAT

Significant higher contributions from fixed income trading

Expenses reflect continuous investment in FX, rates, derivatives & commodities establishment

Markets: PAT up from FI trading, improved FX & derivatives contributions

Deliver substantive, integrated and client-led business with full-suite of FX, Rates, Commodities and FI offerings with ANZ collaborations

Composition to Group 4.1% 15.9% 19.4%11.2%

9MFY11 results Positive growth in 9MFY12 Contraction in 9MFY12

Income mix for 9MFY12

Fixed Income, 68%

Foreign exchange,

20%

Derivatives, 8%

Others, 4%

RM'mil 9MFY11 9MFY12

Income 260.8 357.0 ▲ +36.9%

Expenses 49.3 52.9 ▲ +7.3%

PBP 211.5 304.1 ▲ +43.8%

Impairments 4.7 (9.2) -▼ ->100.0%

PBT 206.8 313.3 ▲ +51.5%

PAT 155.4 235.1 ▲ +51.3%

CTI 18.9% 14.8% -▼ -4.1%

PAT : Fx and Derivatives 37.5 50.6 ▲ +34.9%

Total Group:

Financial assets HFT 7,100.2 9,150.1 ▲ +28.9%

Financial investments

AFS 7,123.2 4,902.6 -▼ -31.2%

Financial investments

HTM 183.7 140.3 -▼ -23.6%

9MFY12 vs

9MFY11

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37AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Income PAT

Life Assurance: Increasing support to Bancassurance and better performing agencies

To be the top life insurer preferred for service; an industry benchmark for TCF, strong infrastructure, sufficient scale to be relevant and credible but whilst maintaining margins and cash profile

* Life assurance shareholders’ fund accounts

Lower profits transferred in 9MFY2012 pending stabilisation of business model refinements to focus on

Business growth initiatives centered on Bancassurance

Providing enhanced support to better performing agency force

Improving compliance and infrastructure platforms

Composition to Group 3.5%1.8%

9MFY11 results Positive growth in 9MFY12 Contraction in 9MFY12

RM'mil 9MFY11 9MFY12

Income 61.9 57.1 -▼ -7.8%

PAT 51.6 42.2 -▼ -18.2%

Life Assurance

fund assets 2,321.8 2,705.5 ▲ +16.5%

CAR ratio 241.2% 200.1% -▼ -41.1%

Gross written premium 495.0 307.6 -▼ -37.9%

9MFY12 vs

9MFY11

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38AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Income Expenses PBP PAT

General Insurance: Higher income and lower claims

To provide insurance solutions to our customers and business partners that meet their insurance needs and exceed their service expectations

Higher profits - better underwriting profits and lower claim expenses

Composition to Group 4.9% 4.4% 5.3%4.6%

9MFY11 results Positive growth in 9MFY12 Contraction in 9MFY12

RM'mil 9MFY11 9MFY12

Income 128.1 147.5 ▲ +15.1%

Expenses 63.1 62.9 -▼ -0.3%

PBP 65.0 84.6 ▲ +30.2%

Impairments (1.4) - ▲ +>100.0%

PBT 66.4 84.6 ▲ +27.4%

PAT 46.2 64.0 ▲ +38.7%

CTI 49.3% 42.6% -▼ -6.6%

General Insurance fund

assets1,141.0 1,257.4 ▲ +10.2%

Claim ratio 69.2% 64.9% -▼ -4.3%

Management expense

/ earned premium 14.0% 14.6% ▲ 0.6%

9MFY12 vs

9MFY11

GGG

G

GGGG

GGG

GGG

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39AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Income Expenses PBP PAT

Group Operating Segments – PAT impacted mainly by higher expenses

Enablement functions governing and supporting delivery of improving divisional performances

Higher expenses include recently set-up AmFamily Takaful business & AmHorizon

Provisions impacted by lower recoveries

Composition to GroupComposition to Group 23.3% -1.6% -2.2%8.4%

9MFY11 results Positive growth in 9MFY12 Contraction in 9MFY12

RM'mil 9MFY11 9MFY12

Income 269.8 268.1 -▼ -0.6%

Expenses 243.6 299.3 ▲ +22.9%

PBP 26.2 (31.2) -▼ ->100.0%

Allowances (42.2) 10.3 ▲ +>100.0%

PBT 68.4 (41.5) -▼ ->100.0%

PAT 30.1 (26.4) -▼ ->100.0%

PATMI (8.2) (68.6) -▼ ->100.0%

9MFY12 vs

9MFY11

G

G

G

G

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40AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

* Performances reflected within divisional outcomes.

To become top 5 Banking Service Provider in Malaysia by FY2016 with 10% market share

Higher income reflecting increased focus as a product business

Intense focus on relationship management yielding results in trade finance, cash management and CASA deposits

Impairments benefitted from bad debts recovered and lower collective impairment

PATPBPExpensesIncome

Expenses

PBP

PAT

Composition to Group 5.5% 1.9% 7.8% 9.1%

H1FY11 results Positive growth in H1FY12 Contraction in H1FY12

Income mix for 9MFY12

Trade Services,

56%

Cash Mgmt, 44%

Transaction Banking*: PAT up from improved deposits & revenues

9MFY12 vs

RM'mil 9MFY11 9MFY12 9MFY11

Income 152.5 174.6 ▲ +14.5%

Expenses 19.6 24.8 ▲ +26.5%

PBP 132.9 149.8 ▲ +12.7%

Impairments 20.7 3.3 -▼ -84.1%

PBT 112.2 146.5 ▲ +30.6%

PAT 84.1 110.0 ▲ +30.8%

Gross Loans / Financing 3,791.8 4,618.7 ▲ +21.8%

Trade Finance 3,731.0 4,550.6 ▲ +22.0%

Cash Management 11,314.5 14,481.0 ▲ +28.0%

CASA Deposits 2,386.3 3,984.7 ▲ +67.0%

ROA 3.17% 3.36% ▲ +0.19%

CTI 12.9% 14.2% ▲ +1.4%

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41AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

PATPBPExpensesIncome

Islamic Banking*: higher profits despite higher impairments

To become the Islamic Bank of choice and ensure a high degree of value for our customers, employees & stakeholders

Composition to Group

Higher impairment since mid-FY2011 due to structural changes associated with COOP lending industry resulting in increased provisioning under FRS 139 methodology

17.1% 19.7% 15.0%18.7%

* Performances reflected within divisional outcomes.

9MFY11 results Positive growth in 9MFY12 Contraction in 9MFY12

RM'mil 9MFY11 9MFY12

Income 561.7 596.0 ▲ +6.1%

Expenses 212.9 218.8 ▲ +2.8%

PBP 348.9 377.1 ▲ +8.1%

Impairments 124.9 136.0 ▲ +8.9%

PBT 224.0 241.2 ▲ +7.7%

PAT 165.1 181.4 ▲ +9.8%

Net Financing 12,683.1 15,345.3 ▲ +21.0%

Gross Impaired Financing 279.6 225.7 -▼ -19.3%

Customer Deposits 12,924.1 17,014.6 ▲ +31.7%

CASA Deposits 2,327.2 3,346.9 ▲ +43.8%

ROA 0.95% 0.90% -▼ -0.05%

CTI 37.9% 36.7% -▼ -1.2%

Allowance Coverage 151.5% 209.1% ▲ +57.6%

9MFY12 vs

9MFY11

1.31%

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42AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

1. Executive summary

2. 9M FY2012 Group Financial Performance

3. Outlook

4. Group Strategy

5. Divisional Performance

6. Supplementary Information

o Economic landscape

o Strategic partnerships

o Competitive positioning

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43AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

132.2 237.8

30.1 42.3 90.7

37.9 8.9 0.1 21.7 226.8 54.8 442.4 440.8

883.3

143.7

269.2

32.7 50.8 110.0 45.0 25.1

253.2

64.7

496.4 507.1

1,003.5

Purchase of Transport Vehicles

Purchase of Res Properties

Credit Cards Personal Use Purchase of Non-Res

Properties

Purchase of Securities

Fixed Assets Consumer Durables

Construction Working Capital

Other purpose Retail Loans Business & Corporate

Loans

Total Loans

Dec-10 Dec-11

8.7% 13.2% 8.4% 20.2% 21.2% 18.8% 2.5% 14.1% 15.7% 11.6% 18.1%

9.1 0.1

12.2% 15.0%

13.6%

64.7

26.3 12.7 1.7 2.1 5.9 1.6 1.3 0.002 2.1

18.7 3.9

42.8 33.5

76.3

Purchase of Transport Vehicles

Purchase of Res Properties

Credit Cards Personal Use Purchase of Non-Res

Properties

Purchase of Securities

Fixed Assets Consumer Durables

Construction Working Capital

Other purpose Retail Loans Business & Corporate

Loans

Total loans

Dec-11

2.8% 5.4% 0.3% 5.1% 31.4% 27.7% 11.2% 27.6% 18.0% 29.1% 36.4%

3.0% 10.5%

6.2%

Loans by Economic Purpose: AmBank Group vis-à-vis Industry

composition : 34.6% 16.9% 2.3% 3.3% 7.2% 2.3% 1.6% 0.0% 1.5% 23.9% 6.7% 57.0% 43.0%

RM’bil

Source : BNM, internal reports

RM’bil

AmBank Group Loans Growth (including Islamic financing sold to Cagamas) by Economic Purpose*

Industry Loans Growth by Economic Purpose

composition : 14.3% 26.8% 3.3% 5.1% 11.0% 4.5% 0.9% 0.0% 2.5% 25.2% 6.4% 49.5% 50.5%

* Based on BNM classification

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44AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Savings Current Account CASA Fixed Deposits Core Deposits4.1 5.9 10.0

60.4 70.4

4.57.5

12.0

Savings Current Account CASA Fixed Deposits Core Deposits

Dec '10 Dec'11

9.0% 27.7% 20.0% 3.7% 6.7%

62.6

74.6

Savings Current Account CASA Fixed Deposits Core Deposits

Industry Deposits Growth by Type

RM’bil

Deposits by Type : AmBank Group vis-à-vis Industry

Source : BNM, internal reports

RM’bil

AmBank Group Deposits Growth by Type

6.0%10.0%

84.0%

AmBank Group Deposits Composition

SavingsCurrent AccountFixed Deposits

104.9 184.6

289.6

502.6

792.2

115.7

213.5

329.1

560.2

889.4

Savings Current Account CASA Fixed Deposits Core Deposits

Dec '10 Dec '11

10.2% 15.6% 13.7% 11.5% 12.3%13.0%

24.0%

63.0%

Industry Deposits Composition

SavingsCurrent AccountFixed Deposits

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45AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

3.1%

3.0%

-5%

0%

5%

10%

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2008 2009 2010 2011

Unemployment Rate CPI

27.5

41.6 43.3

30.8 29.6 27.0 28.2

33.1

39.0

23.4 22.1 25.5

31.8

27.4 30.1

3.7

15.8

0.3 4.2 2.7

0.8 3.6

(2.0)

5.6 6.5 6.5

10.7 11.1 10.2

5.2

-10

0

10

20

30

40

50

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

2008 2009 2010 2011

Trade Balance FDI

RM' bil

Moderating growth CPI & unemployment rates remain low

Trade balance stable, FDIs remain robust

27.5

41.6 43.3

30.8 29.6 27.0 28.2

33.1

39.0

23.4 22.1 25.5

31.8

27.4

3.7

15.8

0.3 4.2 2.7

0.8 3.6

(2.0)

5.6 6.5 6.5

10.7 11.1 10.2

-10

0

10

20

30

40

50

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2008 2009 2010 2011

Trade Balance FDI

RM' bil

Sources : Bloomberg & BNM

GDP5.8%

9.9%

6.1%

-15%

-10%

-5%

0%

5%

10%

15%

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

2008 2009 2010 2011

GDP Consumption Investment

5.8%

Domestic consumption and investment continues to drive Malaysian economy

96.6

0

20

40

60

80

100

120

140

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2008 2009 2010 2011

BCI

Private sector remains positive on economic prospects

Business Conditions Index

Q4

*

* November 2011 position

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46AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

12.1%

15.1%

13.6%

5%

10%

15%

20%

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2008 2009 2010 2011

Retail growth YoY Non-retail growth YoY Total loans growth YoY

Source : BNM

Domestic economy expected to be resilient

System loan demand remains stable

Interest rates expected to remain in the short term

12.13%

5.08% 5.02% 5.06%

8.46%

2.12% 2.45%2.88%

11.63%

5.62%6.02%

6.45%

0%

5%

10%

15%

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Average lending rate (commercial banks) Average OPR Average BLR

Loans growth remains resilient

RM’mil

Stable household debt / GDP with sustainable loan application

Q4

130.1 184.5 213.8 257.7 307.6 342.1 170.7 273.0 260.9 263.7

333.7 400.1

37.0% 37.5% 36.8%31.0% 33.1%

68.8% 66.9% 63.7%

76.0% 75.9%

-100

100

300

500

700

900

1,100

1,300

1,500

2006 2007 2008 2009 2010 2011Retail loans application Non-retail loans application

Gross national savings Household debt/GDP

11%

11%

-40%

-20%

0%

20%

40%

60%

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2008 2009 2010 2011

Loans application growth YoY Loans approved growth YoY

11.2%

10.7%

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47AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

99.6%

2.7%

-2.0%

2.0%

6.0%

10.0%

14.0%

18.0%

0%

20%

40%

60%

80%

100%

120%

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2008 2009 2010 2011

Loan Loss Coverage Gross Impaired Loans

Source: BNM

Strong fundamentals in the banking sector

RM’bil

Capital activities supported by debt issuance Sustained deposits growth provides liquidityRM’mil

Asset quality remains intactCapital levels above BNM’s Basel 3 guidelinesLoan loss coverage Gross impaired loans

Improving gross impaired loans

14.9%

12.9%

0%

5%

10%

15%

20%

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2008 2009 2010 2011

RWCA CORE CAPITAL

Q4

0

5

10

15

20

25

30

35

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2008 2009 2010 2011

New issues of equity New issues of debt

80.9%

0

200

400

600

800

1,000

1,200

1,400

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2008 2009 2010 2011

Customer Deposits LD Ratio

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48AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Alternative delivery channels (e.g. e-payments) for efficiency

Empowering consumerso Promote mutual responsibility cultureo Strengthen infrastructure

Talent development

Intermediation for a value added & high income economyo Increase supply of private risk capital funding

o Develop private pension industry

o Enhance capacity & capability of insurance & Takaful

o Enhance provision of wealth management

Develop dynamic financial marketso Deepen liquidity in government debt securities, Sukuk,

forex & money market

o Support use of foreign currencies

o Promote efficiency for Forex trading

Financial inclusion o Expand products & services

Strengthen regional & international financial integrationo Liberalise foreign participation

o Establish infrastructure for cross border financial intermediation

o Enhance Labuan IBFC as a regional operational hub

Internationalisation of Islamic Finances o Position Malaysia as Islamic reference Centre & International

Retakaful Centre

o Wider range of products & services

o Support growth of Islamic Fund, wealth management, Forex, capital markets, Sukuk

Enhance regional & international financial linkages

Key enablers

Dynamic financial system for economic growth

Safeguard stability of the financial system

Regulatory & supervisory regimeo Basel III implementationo FI ownership structures – review regulations

Raise standards of governance & risk management

Greater regional & international integrationo Collaborate with other central banks to safeguard stability

Financial Sector Blueprint 2011–2020: driving sustainable growth in financial services

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49AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Competitive positioning continues to strengthen

Well diversified universal bank

# 5 retail bank, # 5 business and CIB lending, # 6 in Islamic Banking

# 2 in equity & equity-linked, # 3 in debt league, # 2 in funds under management, # 3 in Malaysia RM Islamic Bonds

Partnerships with ANZ (global strategic partner), IAG in General Insurance and Friends Life in Life Assurance

value adds: leadership & management, product development, technical expertise and two way customer flows

Sound size and market position in key business segments

Strategic partnership with global partners

Strong key shareholders, common aspirations

Improvement in stock valuation & upgrades in credit ratings

Solid corporate structure & franchise value

Experienced management team with key ANZ senior appointments and from other strategic partners

Industry experts, international and domestic best practices

Performance based culture, all levels

Experienced engagement team

Strong customer-focus, lead in customer satisfaction

Large retail and corporate client base provides high cross-selling potential

Award-winning products and services

Recognized brand name & customer franchise

190 branches, #5 largest ATM network (834), 403 ATMs @ 7/11 and 146 EBC’s

eChannels: internet banking, mobile banking and 24 hour call centre

Pioneer in weekend banking concept and extended banking hours

Wide market reach and multiple distribution channels

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50AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Malaysia provides attractive investment opportunities in ASEAN region

National Savings Rate(% of GDP)

Inflation (%)

GDP per capita (USD)

Malaysia Thailand Singapore Indonesia Philippines Vietnam

Source: Bloomberg, IMF, internal research house and various central banks data

2011f 2012f 2011f 2012f 2010e 2012f 2011f 2012f 2011f 2012f 2011f 2012f

5.2 5.0 3.5 4.8 5.3 4.3 6.4 6.3 4.7 4.9 5.8 6.3

6,609 6,824 5,281 5,865 50,714 53,072 3,469 3,848 2,255 2,376 1,362 1,521

3.2 3.3 1.2 1.2 2.3 2.3 6.8 6.6 7.2 7.2 5.0 5.0

33.1 32.6 30.4 28.7 45.8 46.0 33.1 34.1 22.3 22.0 30.7 30.9

3.2 2.5–3.0 4.0 4.1 3.7 2.9 5.7 6.5 4.5 4.1 18.8 12.1

11.7 10.7 4.8 2.5 19.8 18.5 0.2 -0.4 1.7 1.3 -4.7 -3.8

-5.4 -4.7 -2.3 -2.9 +1.9 +2.3 -1.7 -1.3 N/A N/A N/A N/A

28.7 29.2 64.3 64.6 5.3 5.3 240.5 243.4 95.8 97.7 89.3 90.4

Unemployment (%)

Real GDP Growth, % YoY

ASEAN growth to moderate but remain robust

Malaysia’s growth to be driven by private investment (through ETP) as well as domestic consumption (supported by low inflation and unemployment)

Current account balance (% of GDP)

Fiscal deficit (% of GDP)

Population (mil)

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51AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Value adding through strategic partnership with our global partner, ANZ

( ) – ANZ number of branches & representative offices @ Jun 2011 demonstrating interconnectivity across the ANZ network

• Alexander Vincent Thursby - Director

• Dr Robert John Edgar - Director

• Mark David Whelan - DirectorBO

AR

DM

AN

AG

EMEN

TSENIOR MANAGEMENT

• Ashok Ramamurthy – Deputy Group MD & CFO

• Andrew Kerr – Chief Risk Officer

• Ross Neil Foden – Chief Operations Officer

MANAGEMENT

• Chief GM, Transformation, Channels & Sales (Retail Banking)

• Head, Market Risk

• Head, Governance & Provisioning

• Head, Systems Accounting

• Senior GM, Transaction Banking

Leveraging on ANZ leadership

Regional Aspirations: Leading Super Regional Banko APEA sourced revenue to drive 25 – 30% of Group profit

ANZ expanding footprint in Asia Pacific

Retail Banking across Asia Pacific:

• 20% of new-to-bank customers• Biggest Australian bank in Asia

Pacific• Customers referrals• Offshore account openings

Commercial Banking across Asia Pacific:

• > $200b in trade flows between Aust/NZ & Asia

• Stakeholder relationships across the region

Value Propositions to AmBank Group

Leadership & management

2-way customer referrals

Joint business solutions

Products development

Technical expertise

Access to regional network & connectivity

Franchise – BranchesNetwork – Representative Offices

Regional HubsPartnerships

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52AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

International connectivity achievements

• Set up AMMB-ANZ Joint International Connectivity Steering Committee – quarterly progress meetings

• Launched AmBank – ANZ Get Set solutions First of its kind in Malaysia pre-opening account services for ANZ bank accounts at any AmBank branches Provide added benefits e.g. preferential AUD FX rates, lower remittance charges and AmBonus points for education

fees and air tickets purchase via AmBank Cards Good progress since launch with active utilisation and good remittance flows

• Targeting to launch Signature Priority Banking with ANZ by end March 2012 AmBank’s affluent retail customers to have access to Signature Priority Banking preferential treatment wherever ANZ

has presence

• Signed Business Principles Agreement with ANZ Access to available resources and opportunities with ANZ in various areas of businesses across 27 countries Leverage on synergies of ANZ’s regional distribution platform Allows AmBank Group to provide innovative and enhanced products & services

• Enhance foreign currency account facilities – initially implemented in 30 branches now available in 56 branches in 10 majorforeign currencies!

• Partnership with International Money Transfer operator, Western Union – available at 185 branches! Allows remittance of money doorstep to doorstep within minutes of transaction Provides inroad to customer segments unchartered for the banks (domestic helpers, foreign workers and holiday

makers) without the need for account opening

• Set up international connectivity initiatives through Transaction and Correspondent Banking Increase transaction flows Grow AmBank’s market share for MNCs business Deliver seamless cross border solutions for customers Create operating synergy - cross border banking operations efficiency Value of transaction is circa RM135 million to-date

• And many more initiatives being planned

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53AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

– Committed to providing resource support & technical capability

• Justin Breheny - Director

• Duncan Brain - Director

SENIOR MANAGEMENT

• Duncan Brain - CEO

• Stephen Beatty - General Manager, Claims

OPERATIONAL & PROJECT SUPPORT / CONSULTANTS

• Jon Delalande - Manager, Operational Development

• Reuben Ng - Manager, Office of the CEO / TMO

• Peter Stone - Risk Management Specialist, IAG Asia

• Kerry White – Bancassurance Specialist

Bo

ard

Man

age

me

nt

1 - Consultants

Leveraging strategic partnerships with global Insurance partners

Leadership and strategy

Technical expertise - Claims, Risk Management, Underwriting & Pricing, IT, Product Development

Strategic Planning

Sales and Business Development

GENERAL INSURANCEV

alu

e P

rop

osi

tio

n

AmG is operating at a comfortable margin above internal target capital adequacy ratio

Key projects in the pipeline:

• Technology & system enhancement initiatives

• Data and information management

• Strengthening of underwriting / pricing capabilities

Key strategic initiatives:

• To increase its market share in the domestic market through acquisitions. The proposed acquisition of Kurnia (currently

pending regulatory approval) is expected to deliver synergies and economies of scale

• Leverage on AmBank Group’s customer base

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54AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

• Richard Duxbury - Director

SENIOR MANAGEMENT / CONSULTANTS

• Adrian John Nurse - Deputy CEO

• Evelyn Gutteridge1 - Strategic Development Manager, International, Friends Life

• Steve Rosling1 - TCF Champion, Friends Life

• John O’Rourke1 - Independent Consultant, Distribution Expert

Friends Life – capability & talent transfer

BO

AR

DM

AN

AG

EMEN

T

1 - Consultants

Leveraging strategic partnerships with global Insurance partners

Strategy & Management Development

Technical expertise & risk management

Distribution & product development

VA

LUE

PR

OP

OSI

TIO

N

LIFE ASSURANCE

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55AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

1.Peer banks as at September 2011, AmBank as at latest practical date 2. AmLife & AmG branches and agency office

Multiple distribution channels aligned to demographics

Kuala LumpurBranches 24ATMs 148

TerengganuBranches 5ATMs 22

JohorBranches 23ATMs 96

MelakaBranches 5ATMs 35

Negeri SembilanBranches 8ATMs 38

PahangBranches 9ATMs 34 Sarawak

Branches 18ATMs 41

SabahBranches 11ATMs 34

Pulau PinangBranches 16ATMs 51

PerlisBranches 2ATMs 4

KelantanBranches 2ATMs 22

PerakBranches 19ATMs 45

KedahBranches 5ATMs 27

PutrajayaBranches 1ATMs 4

SelangorBranches 41ATMs 246

LabuanBranches 1ATMs 1

Population Density:

< 100 persons per km2

101-500 persons per km2

501-1,000 persons per km2

1,001-1,500 persons per km2

> 1,501 persons per km2

Commercial banking branches:

o 190 branches nationwide

- #51 in no. of branches

- 3 AmIslamic branches

o 848 ATMs (#51 in no. of ATMs)- 403 ATMs (#1 provider of ATMs) at 7-Eleven

o 146 Electronic Banking Centreso 50 assurance/insurance offices2

o 14 AmInvestment offices

Page 56: AMMB Holdings Berhad AmBank Group · PDF fileAMBANK GROUP –GROUP INVESTOR RELATIONS & PLANNING –INVESTORS PRESENTATION 9MFY2012 3 Pre ANZ Partnership Focus Scale & Presence ANZ

56AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Banking sector share price movement / target price and recommendations

Banking Sector Share Price Movement

71.5%

58.5%

52.0%

41.0%

29.4%

-4.5%

12.8%

-10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0%

HLFG

RHB Cap

AMMB

PBB

CIMB

MBB

KLCI(Note: 18 May 2007 vs. 30 Dec 2011)

Ratings FY2007 9MFY2012

Am

Ban

k (M

)

RAM A2/P1/Stable AA3/P1/Stable

Fitch BBB-/F3/Stable BBB/F3/Stable

S&P BBB-/A-3/Stable BBB+/A-2/Stable

Moody’s Baa2/P-3/Stable/D- Baa2/P-3/Positive(BFSR)1/D

Capital Intelligence BBB-/A3/Stable BBB/A3/Stable

Am

Inve

stm

en

t RAM AA3/P1/Stable AA3/P1/Stable

Fitch BB+/B/Stable BBB/F3/Stable

S&P BB+/B/Stable BBB+/A-2/Stable

MARC AA-/MARC-1/Stable AA-/MARC-1/Positive1

Am

Isla

mic

RAM A2/P1/Stable AA3/P1/Stable

Upgraded ratings

Target Price and Recommendations

TP: target priceTP & recommendations by MIMB & INTERPAC are based on previous Bloomberg information as there is no subsequent update

Sell/Underperform/Fully valued/Reduce/UnderweightHold / Neutral / Market performBuy/Outperform/Overweight/Add

P/EPS : EPS annualized Dec 10 – Sept 11 P/BV : BV as at 30 Sept 11Source : Bloomberg as at 30 December 2011

KAF KIM ENG ALLIANCE MIDF DEUT BofAML TA HSBC MACQ KEN JP UBS MBB BNP CIMB OSK SC AFFIN HLIB DBS ECM UOB CITI NOMURA G.S CLSA RHB

1 BFSR - Banking Financial Strength Rating

P/EPS : 12.28 Market Price: RM 5.95 Average TP : RM 6.28 P/BV : 1.69 Buy : 11 (41%)

Hold : 9 (33%)Sell : 7 (26%)Ave. TP/Ave. CP : 1.05x

AMMB HOLDINGS BERHAD

7.907.60 7.40 7.30 7.20 7.14 6.90 6.90 6.80 6.70

6.30 6.30 6.30 6.30 6.26 6.20 6.11 6.05 6.02 5.80 5.70 5.705.35

5.05 5.00 4.804.40

18

Ma

y 1

1

19

Ma

y 1

1

14

De

c 1

1

19

Ma

y 1

1

28

Oct

11

13

Oct

11

16

No

v 1

1

19

Ju

l 11

16

No

v 1

1

23

De

c 1

1

25

No

v 1

1

16

No

v 1

1

17

No

v 1

1

16

No

v 1

1

17

No

v 1

1

17

No

v 1

1

25

Ja

n 1

1

20

De

c 1

1

6 O

ct 1

1

21

De

c 1

1

17

No

v 1

1

17

No

v 1

1

29

Se

p 1

1

25

No

v 1

1

13

De

c 1

1

30

De

c 1

1

17

No

v 1

1

Page 57: AMMB Holdings Berhad AmBank Group · PDF fileAMBANK GROUP –GROUP INVESTOR RELATIONS & PLANNING –INVESTORS PRESENTATION 9MFY2012 3 Pre ANZ Partnership Focus Scale & Presence ANZ

57AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Solid shareholding structure & franchise value

AMAB Holdings Sdn Bhd

AmG Insurance Berhad

AmLife Insurance Berhad

AmFamily Takaful Berhad

100% 100%100% 100% 100%

100%

70%3

51%2

70%3

1. ANZ Funds Pty Ltd : a wholly owned subsidiary of Australia and New Zealand Banking Group Limited 2. Insurance Australia Group Ltd – 49% 3. Friends Life Limited – 30%

As at 30 Dec 2011

AmInvestmentGroup Berhad

AmInvestmentBank Berhad

Foreign shareholding excluding ANZ

FY2009 FY2010 FY2011 9MFY2012

28.4% 27.1% 27.1% 26.2%

Banking Capital Markets Insurance

Amcorp Group Berhad(16.8%)

ANZ Funds Pty Ltd1

(23.8%)Employees Provident Fund Board

(14.8%)Other Shareholders

(44.6%)

Asset Management

AmIslamic Bank Berhad

AMMB Holdings Berhad

AmBank (M) Berhad

AMFB Holdings Berhad

Page 58: AMMB Holdings Berhad AmBank Group · PDF fileAMBANK GROUP –GROUP INVESTOR RELATIONS & PLANNING –INVESTORS PRESENTATION 9MFY2012 3 Pre ANZ Partnership Focus Scale & Presence ANZ

58AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

1,703

2,007

2,383

2,635 2,706

419 546

678 673

308

Life Fund Assets Gross Premium

811 902

1,017

1,177 1,257

546 586 624 652

473

General Fund Assets* Gross Premium

92,845

49,908

46,596

60,497 53,879

8% 8% 8% 8%

6%

Trading Value Market Share

18,537 15,954

19,263 24,357

26,946

16%

12% 12%13%

15%

Asset Under Management Market Share

General Insurance

* Prior to December 2008, based on general funds per BNM DGI returns. December 2008 & post December 2008 based on BNM DGI returns with total asset (general funds + shareholders’ funds)

RM’mil

Life Assurance

Institutional & Unit Trust AUM Brokerage

Unit trust : Institutional funds at ratio 55% : 45%

RM’mil

Highlights in key investment banking and insurance portfolios

CY07 CY08 CY09 CY10 CY11

FY08 FY09 FY10 FY11 9MFY12 FY08 FY09 FY10 FY11 9MFY12

10.6%

6.8%

Rank # 8

Rank # 2

Rank # 6

^ Ranking for General, Life & funds management are based on Sept 2011 position

Rank # 10

14.4%

Page 59: AMMB Holdings Berhad AmBank Group · PDF fileAMBANK GROUP –GROUP INVESTOR RELATIONS & PLANNING –INVESTORS PRESENTATION 9MFY2012 3 Pre ANZ Partnership Focus Scale & Presence ANZ

59AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

Glossary / Disclaimer of warranty and limitation of liability

Reported PerformanceReported performance refers to the financial performance as reported in the audited financial statements and disclosed to the market

One OffsOne offs comprise those impacts on financial performance that arise from changes to :

• accounting and provisioning policies (eg 5 and 7 year rules)• differences between economic and accounting hedges• prior period catch ups (eg backdated salary costs)• strategic investments and divestments (eg ANZ partnership), and • tax and regulatory regimes (eg deferred tax asset write off due to reduction in corporate tax rates)

Underlying PerformanceUnderlying performance refers to the financial performance adjusted for one off impacts as above

Business DivisionsBusiness divisions

• comprise AmBank Group’s core operating businesses that generate profits from direct customer transactions and interactions• have relatively more stable income streams, incur the bulk of the costs and typically have a lower risk profile• in most instances have market shares and growth metrics that can be measured and benchmarked externally

Operating SegmentsOperating segments

• have more volatile and lumpy income streams, with the former a direct function of risk appetite • include

• income and expenses associated with shareholder funds, loan rehabilitation and legacy businesses, plus• costs associated with corporate, shared services and governance functions currently not charged back to the business units

The information provided is believed to be correct at the time of presentation. AMMB Holdings Berhad or AMMB Holdings or “AMMB” or its affiliates do not make any representation or warranty, express or implied, as to the adequacy, accuracy, completeness or fairness of any such information and opinion contained and shall not be liable for any consequences of any reliance thereon. Neither AMMB Holdings nor its affiliates are acting as your financial advisor or agent. The individual is responsible to make your own independent assessment of the information herein and should not treat such content as advice relating to legal, accounting, and taxation or investment matters and should consult your own advisers.

Forward looking statements are based upon the current beliefs and expectations of the AMMB Holdings and are subject to signif icant risks and uncertainties. Actual results may differ from those set forth in the forward looking statements. AMMB Holdings does not undertake to update the forward looking statements to reflect impact of circumstances or events that may arise after the date of this presentation.

The information in the presentation is not and should not be construed as an offer or recommendation to buy or sell securitie s. Neither does this presentation purport to contain all the information that a prospective investor may require. Because it is not possible for AMMB Holdings or its affiliates to have r egard to the investment objectives, financial situation and particular needs of each individual who reads the information contained thus the information presented may not be appropriate for all pe rsons.

The information contained is not allowed to be reproduced, redistributed, transmitted or passed on, directly or indirectly, to any other person or published electronically or via print, in whole or in part, for any purpose.

The term "AMMB Holdings" and “AmBank Group” denotes all Group companies within the AMMB Holdings Group and this Disclaimer of Warranty and Limitation of Liability policy applies to the financial institutions under AMMB Holdings.

Disclaimer of Warranty and Limitation of Liability

Page 60: AMMB Holdings Berhad AmBank Group · PDF fileAMBANK GROUP –GROUP INVESTOR RELATIONS & PLANNING –INVESTORS PRESENTATION 9MFY2012 3 Pre ANZ Partnership Focus Scale & Presence ANZ

60AMBANK GROUP – GROUP INVESTOR RELATIONS & PLANNING – INVESTORS PRESENTATION 9MFY2012

The material in this presentation is general background information about AmBank Group’s activities current at the date of the presentation. It is information given in summary form and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor.

These should be considered, with or without professional advice when deciding if an investment is appropriate.

For further information, visit :

www.ambankgroup.com

Ganesh Kumar Nadarajah

Group General Manager, Group Investor Relations and Planning

Tel : +603 2036 1435 Fax : +603 2031 7384 e-mail : [email protected] or

+6012 2974799 [email protected] or

[email protected]