DBS Group Holdings

Piyush Gupta Chief Executive Officer June 3, 2015

Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or distributed to parties outside the presentation. DBS Bank accepts no liability whatsoever with respect to the use of this document or its contents. DBS, a leading financial services group in Asia

Largest bank in Over 280 branches across Asia (b) Market leader in with over 4m customers

Growing presence in 3 key Asian axes of growth – Greater China, Southeast Asia and South Asia

China 21,000 staff, over 40 nationalities 31 branches Japan Korea 1 branch India 1 branch Hong Kong 12 branches Strong capital position 49 branches Taiwan Macau 43 branches Myanmar 1 branch Rep office Philippines “AA-” and “Aa1” ratings among the highest in Asia Thailand Rep office Rep office Vietnam 1 branch S$441b assets, S$51b market capitalisation(a) 1 branch Singapore 89 branches “Safest Bank in Asia” for 6 consecutive years, 40 branches 2009 – 2014 (Global Finance)

(a) Assets as at FY2014, Market capitalization as at 27 May 2015 (b) As of 31 December 2014. Branches include sub-branches and centres. DBS also has branches and outlets in London, Los Angeles and Dubai. In addition, DBS Vickers has offices in Singapore, Hong Kong, Indonesia, Thailand, UK and US 2 The Asian Bank of Choice

Asia-centric commercial bank, distinct from local lenders or global players

Grow in key Asian markets: Singapore, Hong Kong, China, Taiwan, India, Indonesia

Focus on large corporate banking

Build out SME business on regional platform

Build out regional Wealth business

Bank mass market in Singapore (universal bank), get into consumer finance opportunistically in other countries

Differentiate using Asian style of banking

3 Consistent performance in low interest rate environment

Strong earnings growth Structurally higher returns

Income (S$m)

8% CAGR 14.0% ROE(b) (%) 12.7% 13.0% 12.3%

12.0% 11.2% 9,618 11.0% 10.8% 10.9% 11.0%

8,927 10.0% A new high 9.0% 3.44% 8.4%

8.0% 8,064 8% YoY 7.0%

7,631 6.0%

5.0% 7,066 0.68% 6,603 SIBOR (%) 0.46%

2,041 Net profit 4,046

2009 2010 2011 2012 2013 2014 NIM (%) 23 consecutive quarters of earnings growth(a) 2.2% 2.02% 1.62 1.68

(a) Including 1Q2015 (b) Exclude one-time items and goodwill charges 4 Better quality earnings

Improved income mix Executed geographic strategy

Income 2009 2014 Income CAGR(a) % of Group

Transaction banking 11% 17% Singapore 8% 62% Treasury customer sales 7% 12% Hong Kong 7% 20% Wealth 7% 11%

China, India, Trading 19% 11% 13% 15% Taiwan, Indonesia Total Income S$6,603m S$9,618m

(a) Income CAGR from 2009-2014

5 Strong financial and risk discipline

Focused on financial discipline Stronger risk discipline

2014 2009 2014

NPL ratio 2.9% 0.9% Lowest ever 24% 45% SP as % of loans 85bps Staff cost/ income Cost/ income 18bps Improved

Allowance coverage 83% 163% At record levels 11.9% S$456k Built up ample General Provisions $1.7b $3.1b CET1 - final Income/ staff reserves

While investing in technology infrastructure Being prudent: and premises for growth $661m excess GP(a) not included in capital

(a) Excess GP: GP that does not count towards Tier 2 capital

6 Good shareholder outcomes

Market capitalisation more than tripled since GFC

Market Cap (S$b)

$51b 44th largest bank in the world, vs 55th in 2008(a)

DBS $14b

Dec08 May15

Creating long term shareholder value

Total Shareholder return(b)

over 6 years 185% 85% Buy Call(c) and vs. 58% in 2009 61% over 3 years

(a) Based on FT 500 rankings for the bank sector as of 31 Dec 2014 vs 30 Sep 2008 (b) Total shareholder returns from 31 Dec 2008 to 27 May 2015 (6-year) and from 30 Apr 2012 to 27 May 2015 (3-year) (c) 27 May 2015 7 Proud to be Asia’s Safest, Asia’s Best

Outstanding Private Bank in Asia Pacific Asia’s Regional Derivatives best House of the Year Most Valuable Banking Best Bank Safest Bank in Asia Best Transaction Bank Brand in Singapore in Asia Pacific (6th year running) in Asia Pacific and ASEAN

Best Transaction Bank globally for Making a mark • Trade Finance Best Private Bank (DBS IDEAL 3.0) Best Mobile Apps globally in Use of Technology Great Workplace Top Companies for Strategy – 1st globally • Supply Chain Award, Global Leaders, Global & Most Innovative (2nd year running) Finance Business Model (3rd year running) Southeast Asia

Singapore Corporate Governance Award – Big Cap Strong (2nd year running)

governance Most Transparent Company Best Managed Board Award – Finance (3rd year running)

8 The way forward

Sustainable growth with higher returns

Delivered 23 consecutive quarters of year-on-year earnings growth, underpinned by improved income mix, financial discipline and strong risk management - Growth engines are scalable and can drive business expansion with higher operating leverage

Digital strategies expected to provide differentiated participation in large growth markets

Improved structural returns masked by impact of low interest rates; interest rate normalisation will provide further lift to financial performance

Better quality, sustainable financial performance will lower cost of equity imputed by market

Higher ROE and lower cost of equity will boost share price valuations over time

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