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Presentation by Piyush Gupta 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 Southeast Asia Over 280 branches across Asia (b) Market leader in Singapore 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 Malaysia S$441b assets, S$51b market capitalisation(a) 1 branch Singapore 89 branches Indonesia “Safest Bank in Asia” for 6 consecutive years, 40 branches 2009 – 2014 (Global Finance) (a) Assets as at FY2014, Market capitalization as at 27 May 2015 (b) As of 31 December 2014. Branches include sub-branches and centres. DBS also has branches and outlets in London, Los Angeles and Dubai. In addition, DBS Vickers has offices in Singapore, Hong Kong, Indonesia, Thailand, UK and US 2 The Asian Bank of Choice Asia-centric commercial bank, distinct from local lenders or global players Grow in key Asian markets: Singapore, Hong Kong, China, Taiwan, India, Indonesia Focus on large corporate banking Build out SME business on regional platform Build out regional Wealth business Bank mass market in Singapore (universal bank), get into consumer finance opportunistically in other countries Differentiate using Asian style of banking 3 Consistent performance in low interest rate environment Strong earnings growth Structurally higher returns Income (S$m) 8% CAGR 14.0% ROE(b) (%) 12.7% 13.0% 12.3% 12.0% 11.2% 11.0% 10.8% 10.9% 9,618 11.0% 10.0% 8,927 A new high 9.0% 3.44% 8.4% 8.0% 8,064 8% YoY 7.0% 6.0% 7,631 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 9 .
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