CIMB GROUP HOLDINGS BERHAD FULL YEAR 2010 RESULTS Analyst - PowerPoint PPT Presentation

CIMB GROUP HOLDINGS BERHAD FULL YEAR 2010 RESULTS Analyst Presentation 25 February 2011

Key Highlights � Achieved all primary targets and most secondary targets � FY10 PAT of RM3.52 bil, up 25.4% Y-o-Y � New dividend policy applied retrospectively. Year-end dividend of 8.00 per share for 55% pay- out ratio for 2010 � 2010 priorities addressed and asset quality improvements strengthen foundations � Achieved our V10, set new V15 � Various “refresh” initiatives for 2011 � FY2011 ROE target of 17% (on full enlarged capital base) 2

CIMB GROUP CEO’S REVIEW KEY ACHIEVEMENTS

Achievements vs Targets for 2010 FY10 2010 Target � 16.3% (16.5%^) 16.0% (16.5%^) ROE � TSR +13.3% above KLCI > KLCI 2010 FY10 Target � Dividend 26.08 sen 9.25 sen � � Group loans growth 12% 12% Mortgage 21% 20% CIMB Malaysia + � 10% 10% � Singapore Credit card 41% 10% � CIMB Niaga 18% 18% � HP 11% 10% r CIMB Thai 17% 20% r Xpress 14% 75% r Group CASA 17% 18% Commercial r 0% 8% & Enterprise CIMB Malaysia + � 15% 15% Singapore r Corporate 2% 4% � CIMB Niaga 23% 21% r CIMB Thai 9% 36% � Loan loss charge 0.4% 0.6% � Tier 1 (at bank)* 14.5% 10% � RWCR (at bank)* 15.4% 12% Notes: * Before proposed dividend 4 ^ Based on capital base before Niaga acquisition and warrants conversion

Key 2010 Priorities Round-Up Priorities Updates � Regional branding enhancement � Proliferate regional products and services Advance regional value proposition � Regional Organisation Structure � Increasing ex-Malaysia market shares � Groundbreaking cross-border deals Advance regional investment banking positioning � Two mega IPOs � 4Q10 sharp improvement in Malaysia CASA accumulation, especially in Malaysia � Malaysia transformation underway Refocus on SME business � Complete overhaul of leadership and business model Regional transaction banking drive � New system successful in Indonesia � 1View in 250 Malaysian branches Implementation of 1View and 1Platform � Kick-started 1Platform in Bangkok � Surge in profitability � Significant new leadership hires CIMB Niaga Transformation 2 � Initiated new business streams � Extracted bad bank; strong financial position CIMB Thai transformation � Foundations for high growth � Good progress Enhance KPI framework 5 5

Solid 5 Years of Earnings Average ROE from 2006 – 2010 14.6% 16.3% 15.4% 15.0% 13.9% 11.8 12.3% 10.7 8.3 7.7 6.4 4.6 3.8 3.5 3.0 2.8 2.7 2.1 2.0 2.0 1.5 # 2006 2007 2008 2009 2010 Operating income* PBT* Net profit* ROE Notes: Amounts denoted in RM ‘bil 6 # Based on core figures

Driven by V10 2010 : Broad Objectives and Targets Leading Banking Group Strong foothold and 1 2 presence in 4 core markets in SEA by asset size and over ⅓ non-Malaysian assets and revenues Sustainable ROE of 18%-20% 3 4 An Integrated SEA Bank OPTIMISATION INNOVATION At the end of 2010, CIMB Group will be recognized as a SEA asset with leading universal banking presence in Malaysia, Indonesia, Thailand and Singapore, capitalising on high growth domestic and cross-border banking and capital markets and flows of trade and investments. We will operate as a high performing, integrated SEA bank organized along a matrix structure of function and geography. REGIONALISATION 7

2010: V10 Is Achieved V10 Broad Objectives and 2007 FY2010 Status Targets � Leading Banking Group in SEA by 59.2 (5 th ) 88.0 (5 th ) asset size (USD ‘bil) Strong universal banking foothold • Malaysia • Malaysia and presence in at least 4 core � • Indonesia • Indonesia markets • Singapore • Thailand Over 1/3 non-Malaysian: � � Assets 23% 35% � � Revenues 24% 44% Sustainable ROE of 18-20% 15.4%* 16.3% ? Integrated ASEAN Universal Bank • National silos • Functional organisation across the region � • Divisional silos • Acknowledged as a leading ASEAN super-national Note: * Based on core figures 8

2011 ROE Target Reconciled FY11 Budget ROE 17.0% Number of shares issued pursuant to Niaga acquisition and warrants conversion 369 mil ROE excluding Niaga acquisition and warrants conversion 18.0% 9 9

CIMB GROUP: FY10 RESULTS CIMB GROUP FY10 FINANCIALS

Earnings Summary 4Q10 3Q10 FY10 FY09 (RM ’mil) Q-o-Q Y-o-Y (FRS 139) (FRS 139) (FRS 139) (GP3) Net interest income 1,937 1,947 (0.5%) 7,647 6,739 13.5% Non interest income 1,232 929 32.6% 4,164 3,744 11.2% Operating income 3,169 2,876 10.2% 11,811 10,483 12.7% Loan impairment (168) (167) 0.6% (607) (1,023) (40.7%) - Individual impairment (46) 120 n.a. 209 - n.a. - Portfolio impairment (122) (287) (57.5%) (816) - n.a. - Specific allowance - - n.a. - (916) n.a. - General allowance - - n.a. - (107) n.a. Other provisions (12) 18 n.a. (127) (151) (15.9%) Overhead expenses (1,878) (1,561) 20.3% (6,526) (5,531) 18.0% Share of JV / Associates 37 19 94.7% 96 34 182.4% PBT 1,148 1,185 (3.1%) 4,647 3,812 21.9% Net profit 878 916 (4.1%) 3,521 2,807 25.4% EPS (sen) 11.8 12.7 (7.0%) 49.0 39.8 23.2% ROE 14.9% 17.0% (12.5%) 16.3% 15.0% 8.6% Notes: 11 11 11 FRS 139 only applies for 2010. Retrospective financials remain GP3 Weighted average shares 7.42 bil in 4Q10 & 7.19 bil in 3Q10. CIMB Niaga consolidated % was 78.3% in 1 Jan 10 to 1H Aug10 and 97.9% in 2H Aug10 to 31 Dec 10

Quarterly Earnings Trend Series break due to adoption of FRS 139 3,169 2,979 2,876 2,787 2,780 2,788 2,589 2,514 17.2% 17.0% 16.5% 16.2% 15.4% 15.1% 14.9% 14.4% 1,882 1,185 1,185 1,148 1,129 1,094 7.7% 1,001 916 879 889 878 839 838 803 727 663 614 448 319 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 Operating income* PBT* Net profit* ROE** Notes: * Amounts denoted in RM ’mil 12 12 ** Annualised quarter (respectively)

Contribution by Entity 4Q10 3Q10 FY10 FY09 Legal Entity RM ’mil % of PBT RM ’mil % of PBT RM ’mil % of PBT RM ’mil % of PBT CIMB Bank 424 37% 621 52% 2,287 49% 2,079 55% CIMB Niaga 394 34% 350 30% 1,572 34% 787 21% CIMB Thai (14) (1%) 35 3% 47 1% 47 1% CIMB Cambodia (2) (0%) - - (2) (0%) - - CIMB Labuan 29 2% 74 6% 191 4% 248 7% CIMB Islamic 125 11% 120 10% 404 9% 171 4% CIMB Investment Bank 55 5% 7 1% 96 2% 205 5% CIMB Securities 58 5% 11 1% 103 2% 55 1% Singapore Others * 79 7% (33) (3%) (51) (1%) 220 6% PBT 1,148 100% 1,185 100% 4,647 100% 3,812 100% Notes: FRS 139 only applies for 2010. Retrospective financials remain GP3 13 13 * SEASAM, Asset Management, Group Insurance, CIMBGH/CIMBG level and consol adjustment STAMC

Contribution by Geography 4Q10 3Q10 Thailand Thailand Others Others -1% 3% 13% 15% Singapore Singapore 6% 2% Indonesia Indonesia 35% 33% Malaysia 47% Malaysia 47% Cambodia 0% FY10 FY09 Others Thailand 1% Thailand Others 1% Singapore 2% 9% 1% Singapore 3% Indonesia 20% Indonesia 35% Malaysia Malaysia 75% 52% Cambodia 0% Notes: FRS 139 only applies for 2010. Retrospective financials remain GP3 14 14 14

Estimated PBT By Segment 4Q10 3Q10 FY10 FY09 Q-o-Q Y-o-Y PBT (FRS 139) (FRS 139) (FRS 139) (GP3) (after HOCA) RM ’mil RM ’mil % RM ’mil RM ’mil % Consumer Banking 58 127 (54.3%) 465 612 (24.0%) - Good Bank - Bad Bank (including 29 40 (27.5%) 110 80 37.5% SEASAM) 87 167 (47.9%) 575 692 (16.9%) Corporate & Investment Banking 403 248 62.5% 1,149 671 71.2% Treasury & Investments 253 359 (29.5%) 1,217 1,475 (17.5%) GAM & Insurance 25 26 (3.8%) 87 141 (38.3%) CIMB Niaga 394 350 12.6% 1,572 787 99.7% CIMB Thai (after GAAP (14) 35 n.a. 47 47 - adjustments) PBT * 1,148 1,185 (3.1%) 4,647 3,812 21.9% Net profit 878 916 (4.1%) 3,521 2,807 25.4% Notes: FRS 139 only applies for 2010. Retrospective financials remain GP3 15 15 15 * Includes share of results of associates & jointly controlled entity

Estimated PBT By Segment 4Q10 3Q10 Consumer Consumer CIMB Thai CIMB Thai Banking Banking 3% -1% 8% 14% CIMB Niaga CIMB Niaga 30% 34% Corporate & Corporate & Inv Banking Inv Banking 21% 35% GAM & GAM & Insurance Insurance 2% 2% Treasury & Treasury & Investments Investments 30% 22% FY10 FY09 CIMB Thai Consumer CIMB Thai Consumer 1% Banking 1% Banking CIMB Niaga 12% 18% 21% CIMB Niaga 34% GAM & Corporate & Insurance Corporate & Inv Inv Banking 4% Banking 25% 18% GAM & Insurance Treasury & 2% Treasury & Investments Investments 38% 26% Note: FRS 139 only applies for 2010. Retrospective financials remain GP3 16 16 16