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Audio Webcast and Conference Call Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document. HSBC Holdings plc Overseas Regulatory Announcement The attached announcement has been released to the other stock exchanges on which HSBC Holdings plc is listed. The Board of Directors of HSBC Holdings plc as at the date of this announcement comprises: Mark Tucker*, Noel Quinn, James Anthony Forese†, Steven Guggenheimer†, Irene Lee†, José Antonio Meade Kuribreña†, Eileen K Murray†, David Nish†, Ewen Stevenson, Jackson Tai† and Pauline van der Meer Mohr†. * Non-executive Group Chairman † Independent non-executive Director Hong Kong Stock Code: 5 HSBC Holdings plc Registered Office and Group Head Office: 8 Canada Square, London E14 5HQ, United Kingdom Web: www.hsbc.com Incorporated in England with limited liability. Registered in England: number 617987 2 August 2021 HSBC HOLDINGS PLC INTERIM RESULTS 2021 AUDIO WEBCAST AND CONFERENCE CALL HSBC will be holding an audio webcast presentation and conference call today for investors and analysts. The speakers will be Noel Quinn (Group Chief Executive) and Ewen Stevenson (Group Chief Financial Officer). A copy of the presentation to investors and analysts is attached and is also available to view and download at https://www.hsbc.com/investors/results-and-announcements/all- reporting/group. Full details of how to access the conference call appear below and details of how to access the webcast can also be found at www.hsbc.com/investors/results-and-announcements. Time: 7.30am (London); 2.30pm (Hong Kong); and 2.30am (New York). Webcast: https://streamstudio.world-television.com/768-1956-29607/en Conference call access numbers: Restrictions may exist when accessing freephone/toll-free numbers using a mobile telephone. Passcode: 3038385 Toll-free Toll UK 0808 238 1616 US 1 866 551 9263 Hong Kong 800 967 131 International +44 (0)20 7192 8727 Replay access details from 2 August 2021 1:00pm BST – 2 September 2021 1:00pm BST Passcode: 3038385 Toll-free Toll UK 0808 238 0667 US 1 866 331 1332 Hong Kong 58085596 International +44 (0) 333 300 9785 Note to editors: HSBC Holdings plc HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,976bn at 30 June 2021, HSBC is one of the world’s largest banking and financial services organisations. ends/all Registered Office and Group Head Office: 8 Canada Square, London E14 5HQ, United Kingdom Web: www.hsbc.com Incorporated in England with limited liability. Registered number 617987 HSBC Holdings plc 2Q21 Results Presentation to Investors and Analysts Strategy 2Q21 results Appendix Our purpose, values and ambition support the execution of our strategy Our purpose Opening up a world of opportunity Our ambition To be the preferred international financial partner for our clients Our values We value difference We succeed together We take responsibility We get it done Our strategy Focus on our strengths Digitise at scale Energise for growth Transition to net zero 1 Strategy 2Q21 results Appendix 2Q21 highlights Reported PBT of $5.1bn up $4.0bn vs. 2Q20; adjusted PBT of $5.6bn up $3.0bn vs. 1 2Q20, primarily reflecting material ECL releases; 1H21 RoTE1 of 9.4%, up 5.6ppt vs. 1H20 Net ECL release of $0.3bn as forward economic outlook continues to improve in major 2 regions Execution of strategy continues at pace – Announcement of transactions in France and the US; RWA saves of $85bn2, cost saves of 3 $2.0bn – Strong loan and wealth growth; customer lending up $16bn (2%) vs. 1Q21, Wealth Balances grew3 18% to $1.7tn vs. 2Q20 Interim dividend4 of 7¢ per share 4 CET1 ratio5 of 15.6%; well placed to fund growth and step up capital returns A reconciliation of reported results to adjusted results can be found on slide 22, the remainder of the presentation unless otherwise stated, is presented on an adjusted basis 2 Figures throughout this presentation may be subject to rounding adjustments and therefore may not sum precisely to totals given in charts, tables or commentary Strategy 2Q21 results Appendix Focus: Delivering growth in our areas of strength Wealth and Personal Banking Commercial Banking Global Banking & Markets Strong traction in growing our Asia Wealth business Lending pipeline starting to translate into growth Repositioning our franchise to drive growth 3 Reported Wealth Balances Client assets and Lending volume Redeploying the capital base $bn funds under $bn Asia Reported RWAs, $bn Asia 18% management 2% RoW RoW Deposits (8)% 1,671 351 278 343 YTD, % 255 YoY, % 1,418 YoY, % 113 8% 119 6% 23% (3)% 165 136 (17)% 6% 1H20 1H21 2020 1H21 1H20 1H21 1H21 Asia Wealth Balances of $810bn $6.7bn lending growth in Asia trade finance over Reducing RWAs with products and clients (largely 1H21 primarily in mainland China & Hong Kong domestic) not aligned to our strategy and delivered Robust hiring of Asia Wealth frontline FTE, c.600 in $184m6 of cost saves in 1H21 as part of the Group 1H21; Asia Affluent/HNW customer growth of 7% Asia lending approval limits grew 100% vs 2H20 wide cost reduction program to 1.7m (vs 1H20) and 70% higher than pre-pandemic levels Strong collaboration revenue of $2bn (+6% vs Asian Wealth revenue +26% including the benefit of Digital multi-currency product, Global Wallet, 1H20); c.$0.8bn with WPB and c.$1.3bn with CMB7 $359m of insurance market impacts; accelerating launched in UK, US and Singapore with access to 7 Pinnacle roll out to 5 cities in mainland China currencies Maintaining financing leadership in Asia and MENA by investing further in Capital Markets platforms and distribution capabilities8 3 Strategy 2Q21 results Appendix Focus: Lending pipeline starting to translate into growth WPB loans, $bn Wholesale 3% CMB loans up $6bn (2%) QoQ; now starting to see Strong quarter for mortgages, $6bn of growth 491 drawdowns of term loans 476 globally; Hong Kong9 mortgage drawdowns up 56% YoY; record quarter for UK mortgages, up $3bn, CMB trade balances up $4.4bn (9%) to $52.7bn QoQ; average drawdowns up 77% YoY, supported by increased market share. (e.g. Hong Kong trade market 10 cessation of the stamp duty holiday share of 18.2%, up 0.5ppt YoY ) Card balances beginning to increase, up $1bn (3%) Seeing a good pipeline in Hong Kong and Asia QoQ; 2Q21 Hong Kong card spend up 23% vs. 2Q20; 1Q21 2Q21 2Q21 UK card spend up 61% vs. 2Q20 Global CMB value of approved limits*, $bn Hong Kong and UK WPB spend data 64.0 57.1 $m 2Q19 2Q20 1Q21 2Q21 ∆2Q20 ∆2Q19 2020 quarterly average: $34.5bn Average weekly card spend 752 639 844 783 23% 4% Hong Card balances 7,436 6,998 6,894 7,149 2% (4)% Kong9 Average weekly mortgage Q1 Q2 Q3 Q4 Q1 Q2 461 274 276 427 56% (7)% drawdowns 2020 2021 Weekly card spend 872 505 638 815 61% (7)% Customers remain cautious but beginning to draw down UK Card balances 9,567 6,913 6,378 7,162 4% (25)% Continuing focus on international and higher returning Average weekly mortgage 546 475 765 842 77% 54% drawdowns clients in Europe and the US *Includes renewal and refinancing activity. Note, clients may elect not to draw down on approved limits 4 Strategy 2Q21 results Appendix Focus: Rebound in profits in the US and Europe even as we reshape our portfolio to support international clients US HSBC Bank plc (UK NRFB and Europe) PBT of $0.5bn in 1H21 (up from $0.1bn in 1H20) PBT of $1.4bn in 1H21 (up from loss of $0.6bn in 1H20) Reported RWAs Costs of which: Adjusted RWAs Costs of which: PRP $bn $bn Performance-related $bn $bn pay (PRP) (16)% (5)% (16)% (3)% 182 97 1.8 1.7 3.7 82 153 3.6 Including a Including a $61m uplift $149m uplift in PRP in PRP 1H20 1H21 1H20 1H21 1H20* 1H21 1H20 1H21 Delivered c.$100m of cost saves in 1H21, $450m since FY19 Refocused wholesale client portfolio to transform our Continental European operating model into an integrated business to better serve our international wholesale customers Announced sale of mass market retail banking, including 90 branches and c.1m clients Signed MoU for the potential sale of our French retail business Completed migration of fixed income derivatives trading book from New York to Awarded Best Transaction Bank in Western Europe11 and top financing bank (Top 5 London Europe DCM and Top 3 GBP DCM12) *Reported RWAs at 30 June 2020 were $171bn with foreign currency translation differences of $11bn. In addition to the absolute level of risk weighted assets, management continue to monitor the impact of other risks and opportunities, including future regulatory change, upon our capital requirements 5 Strategy 2Q21 results Appendix Digitise: Enhancing our technological capabilities and the client experience … while scaling digital capabilities globally to Our commitment to invest in technology… … is strengthening operational proficiency… improve customer experience Technology spend Usage of Cloud to provide scale Global Money $bn # of live services on cloud Retail multicurrency Successful launches in the UAE global account and Singapore in 1H21, following 18% c.2x US launch in 4Q20 3.0 Subscribed c.45k customer across UAE and the US14 2.6 Kinetic Business Banking 10,000 users
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