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Full year ended 31 August 2026 FY26INVESTORMA TERIALS 15 OCTOBER 2026
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Bank of Queensland Limited ABN 32 009 656 740 (BOQ) Important information and disclaimer 2 This is a presentation of general background information about Bank of Queensland Limited ABN 32 009 656 740 and its consolidated entities’ (BOQ’s) activities at the date of this document. It is in summary form, does not purport to be complete and should be read in conjunction with BOQ’s other periodic and continuous disclosure announcements, including the 2026 Full Year Results Announcements (available at www.boq.com.au). All figures are presented on a cash earnings basis unless otherwise stated. All amounts are in Australian dollars unless otherwise indicated. Due to rounding, numbers presented throughout this presentation, including in charts and tables, may not fully reconcile to the totals provided, and percentages may not reconcile exactly to absolute figures. No representations or warranties are made as to the accuracy, completeness or reliability of the information contained in this presentation, as the information contained in this presentation may include information derived from publicly available sources that have not been independently verified. Past performance is not a reliable indication of future performance. This presentation should not 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. Investors should consider these factors, and consult with their own legal, tax, business and/or financial advisors in connection with any investment decision. Nothing in this presentation should be construed as financial product advice or either an offer to sell or a solicitation of an offer to buy or sell BOQ securities in any jurisdiction. Forward-Looking Statements This presentation may contain forward-looking statements about matters including, without limitation, BOQ’s business and operations, strategy, market conditions (including economic forecasts, unemployment, property markets, cash rate movements, inflation and consumer behaviour), results of operations and financial conditions (including operating expense impacts), capital adequacy, specific provisions, potential synergies and risk management practices. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms “ambition”, “believe”, “estimate”, “plan”, “target”, “project”, “anticipate”, “expect”, “intend”, “likely”, “may”, “will”, “could”, “should” or other similar expressions, or by discussions of strategy, plans, objectives, targets, goals, future events or intentions. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. Forward-looking statements reflect BOQ’s current views about future events and are based on assumptions as at the date of this presentation. Forward-looking statements are not guarantees of future performance and there are a number of factors (which may involve known and unknown risks and uncertainties, many of which are outside the control of BOQ) that could cause BOQ’s financial performance and actual results to differ materially from those anticipated, or implied by, any forward-looking statements. These factors include changes in BOQ’s operating environment, material changes to the law or applicable regulation, risks and uncertainties associated with the Australian and global economic / political environment and capital market conditions. Readers should not place undue reliance on any forward-looking statements. To the maximum extent permitted by law, BOQ takes no responsibility for the accuracy or completeness of any forward-looking statements. Whether as a result of new information, future events or results or otherwise, BOQ does not undertake to update any forward-looking statements contained in this document, subject to applicable disclosure requirements. Any forward- looking statements made by members of BOQ's management in connection with this presentation, verbally or in writing, are also subject to the same limitations, uncertainties and assumptions set out in this presentation. 2026 FULL YEAR RESULTS PRESENTATION
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3 FY26 Results Presentation 4 Divisional Results 34 Net Interest Margin 41 Portfolio Quality 45 Funding & Liquidity 53 Economic Assumptions 58 About BOQ Group 61 Abbreviations 64 Contents 2026 FULL YEAR RESULTS PRESENTATION
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FY26 RESUL TS PRESENTATION 15 OCTOBER 2026 Full year ended 31 August 2026 4
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6 Introduction Jessica Smith, General Manager Investor Relations & Corporate Affairs Results overview Rod Finch, Managing Director & Chief Executive Officer Financial detail Racheal Kellaway, Chief Financial Officer Outlook Rod Finch, Managing Director & Chief Executive Officer Q&A Rod Finch, Managing Director & Chief Executive Officer Racheal Kellaway, Chief Financial Officer Executive T eam & Senior Leaders Agenda 2026 FULL YEAR RESULTS PRESENTATION
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RESUL TS OVERVIEW Rod Finch Managing Director & Chief Executive Officer
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$18,950m Business lending ▲ 14% normalised2 (FY25: $20,187m) $62,904m Customer deposits ▼ 6% (FY25: $66,729m) 8 2026 FULL YEAR RESULTS PRESENTATION Overview $358m Cash NPAT excl. notables ▼ 7% (FY25: $383m) 68% Retail customers now on the digital bank4 ~1.4m customers Choosing BOQ Group for their everyday banking and business needs 20c final dividend 15c special dividend Total dividends1 for the year: 55c 1.70% Net interest margin ▲ 6bps (FY25: 1.64%) 11.64% CET1 ratio ▲ 70bps (FY25: 10.94%) (1) FY26 dividends include: 20c interim dividend, 15c special dividend and 20c final dividend. (2) Normalised business lending growth excluding the ~$3.6bn reduction in equipment finance assets as part of the whole-of-loan sale with Challenger Limited. (3) Refers to the whole-of-loan sale and forward flow origination and servicing agreement with Challenger Limited. Further detail has been provided in BOQ’s FY26 Annual Report and its disclosures to the ASX dated 7 April 2026 and 1 May 2026. (4) Includes active deposit, linked credit cards and home loan customers. FY26 reflects updated methodology following identification of a historical reporting error in previously disclosed metrics. (5) Reduction in cost to originate across 4Q26 against FY22 baseline. 50% reduction in cost to originate at scale on track, future functionality releases scheduled through FY27. ~$3,600m Whole-of-loan sale3 ▲ Capital-light income $52,868m Home lending ▼ 8% (FY25: $57,501m) 74% RAP activities completed, transitioning to embed 22% Reduction in cost to originate home lending customers5 100% ME migration complete, with all customers off the heritage platform 102 branches Aligned to our Queensland heritage and changing customer behaviours ~$2m Raised for our communities through key partnerships including: Financials Balance sheet Transformation Customers & community
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FY26 FY26 v FY25 Total income 1,679 1% ▲ Operating expenses excl. notable items (1,098) 2% ▲ Less: Notable expense items 1 (47) large Operating expenses (1,145) 7% ▲ Underlying profit 534 (9%) ▼ Loan impairment expense (54) 157% ▲ Profit before tax 480 (15%) ▼ Income tax expense (155) (14%) Cash earnings after tax 325 (15%) ▼ Add back: Notable items after tax1 33 - Cash earnings after tax excl. notable items 358 (7%) ▼ Statutory net profit after tax 250 88% ▲ Return on average tangible equity2,3 (%) 7.3 (60bps) ▼ Return on average equity2 (%) 6.1 (30bps) ▼ Basic cash earnings per share2 (cents) 54.4 (7%) ▼ Cost to income ratio2 (%) 65.4 70bps ▲ CET1 ratio (%) 11.64 70bps ▲ Dividends per ordinary share (fully franked)4 (cents) 40.0 5% ▲ 9 Key financial results ($m) (1) Notable items include impairment charges related to aged technology assets and low value corporate and branch network assets. (2) Based on a cash earnings basis excluding notable items. (3) Based on net profit applied to average shareholders’ equity, less goodwill and identifiable intangible assets. (4) The dividend will be fully franked, and the dividend reinvestment plan will operate with no discount and is expected to be satisfied in full by an on-market purchase of shares. FY26 results Cost discipline maintained and capital strengthened through another year of transformation 2026 FULL YEAR RESULTS PRESENTATION
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FY23 Strategic roadmap defined 10 T ransformation to a simpler, specialist bank Transformation to date has delivered the foundations of a simpler, specialist bank 2026 FULL YEAR RESULTS PRESENTATION FY26 Foundations of a simpler, specialist bankFY24 – FY25 Reducing complexity › Strategy established › RAPs finalised and submitted; programs mobilised › ME integration completed › Branch conversion completed › Digital mortgage launched › Capgemini partnership announced › ME migration complete, decommissioning underway › Capital partnership established › Transitioning from remediation to embed FY23 FY26 Core banking platforms Branches located in Queensland Target state IT applications on cloud Technology assets decommissioned Retail customers on digital bank1 Total RAP activities completed 8 4 65% 74% 53% >90% - 41% <20% 68% - 74% (1) Includes active deposit, linked credit cards and home loan customers. FY26 reflects updated methodology following identification of a historical reporting error in previously disclosed metrics. Reduction in corporate property - 40%
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11 2026 FULL YEAR RESULTS PRESENTATION To be the bank customers choose OUR VISION To be a simple, specialist bank OUR STRATEGY The next phase of our strategy, building on a simpler, specialist bank Our strategy
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12 2026 FULL YEAR RESULTS PRESENTATION How we deliver a sustainable return to growth Strategic pillars GROW our customer relationships Winning in our chosen business and retail segments: › Growing deposit franchise › Family-owned businesses › Everyday Australians › Accessing growth in home state OPTIMISE the bank economics Allocate capital with discipline: › Cost and margin discipline › Balance sheet mix › Capital-light income growth › Optimising funding mix REWIRE the bank for the future Simplify and scale: › Decommissioning heritage platforms › Modern technology and data platform › Simplified operations; fewer products and processes ACCELERATE the culture shift Owning the outcome: › Creating superior customer experiences › Risk embedded in how we do business › A more engaged, capable and AI- enabled workforce
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50% 8% 16% 26% Family-owned & Managed <$10m Mid-sized Business $10m - $20m Large Business >$20m - $50m Wholesale & Syndicated >$50m 0.1 0.4 0.4 0.7 0.1 0.4 0.3 1.3 Agribusiness Commercial Real Estate Healthcare Diversified Industries FY25 FY26 FY26 total lending balances: $15.24bn (+16%) FY25 total lending balances: $13.18bn (+14%) 13 Grow our customer relationships | Business bank Winning in the segments we choose to serve 2026 FULL YEAR RESULTS PRESENTATION Commercial lending growth by industry segment1 ($bn) (1) Growth rates are on an internal view of customer segments and not industry ANZSIC categorisation. (2) Total customer exposure. Excludes home, consumer and asset finance lending. Commercial lending customer segments2 (FY26) Industry segments Customer segments › Serving industries where we have deep specialist capability › Growth across targeted industry segments › National footprint across our segments › Scaling equipment finance lending through capital-light Challenger partnership › Banker-led relationships, served through our specialised relationship bank › 50% of commercial lending to family-owned and managed (<$10m) businesses › Leveraging co-located retail and business branches › Growing with our customers’ growth aspirations › Selective participation in wholesale and syndicated lending
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0% 10% 20% 30% 40% <18 18 to 25 26 to 35 36 to 45 46 to 55 56 to 65 66 to 75 76 to 85 86 to 95 >95 myBOQ MEGO VMA BOQ Heritage 1.6x Higher MFI penetration among digital customers compared with heritage - 4.0 8.0 12.0 16.0 Total deposit growth CAGR1: 39% Total customer growth CAGR2: 76% Organic deposit growth CAGR1: 13% Organic customer growth CAGR2: 45% 14 Grow our customer relationships | Retail bank Customer deposit franchise strategy gaining momentum 2026 FULL YEAR RESULTS PRESENTATION Digital deposit balances ($bn) Total digital bank deposits (includes migration) Organic digital deposits Digital brands acquiring a materially younger customer base than heritage (1) Total digital bank deposits (BOQ, ME, VMA) compound annual growth rate (CAGR) from Aug-23 to Aug-26. Organic digital deposit growth (BOQ & VMA) compound annual growth rate (CAGR) from Aug-23 to Aug-26. (2) Total customer (BOQ, ME, VMA) CAGR from Aug-23 to Aug-26. Organic customer growth (BOQ & VMA) CAGR from Aug-23 to Aug-26. (3) Age distribution of new-to-bank primary account transaction customers who opened a transaction account during FY26, on either the digital bank or the BOQ heritage platform. Excludes ME customers migrated to the digital bank. (4) Average transaction account balance of new digital home loan customers vs standalone transaction accounts in FY26. Age of new-to-bank transaction customers3 45% Organic customer growth CAGR21 (excl. migration) 88% Home lending applications processed on digital platform in August 2026 5.5x Higher transaction balances for digital home loan customers4 MEGO launch
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15 Rewire the bank for the future Converting transformation into operating leverage 2026 FULL YEAR RESULTS PRESENTATION Platform simplification Digital at scale Operating leverage Digital bank › Core digital bank build complete › Three brands on one platform › End-to-end core retail proposition Retail customers1 ME migration complete › ~350,000 customers › ~$29bn home lending › ~$6.9bn deposits Technology stack › Data on a modern, cloud-enabled, AI- ready platform › Strategic partnerships with Microsoft and Capgemini Heritage Digital Deposit originations2Mortgage application flow2 68% 32% 22% Reduction in cost to originate home lending customers3 2 to 8 Increase in co-located retail and business branches 8% Increase in home loan applications per branch4 17% Growth in business bank settlements per FTE on FY23 (1) Includes active deposit, linked credit cards and home loan customers. FY26 reflects updated methodology following identification of a historical reporting error in previously disclosed metrics. (2) Mortgage applications and deposit originations in August 2026. (3) Reduction in cost to originate across 4Q26 against FY22 baseline. 50% reduction in cost to originate at scale on track, future functionality releases scheduled through FY27. (4) Average weekly value of home loan applications per branch, 2H26 compared with the prior corresponding period (2H25). 88% 12% 87% 13%
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Risk embedded in how we do business 16 2026 FULL YEAR RESULTS PRESENTATION Accelerate the culture shift Embedding accountability, capability and performance 66% 83% Program rQ AML First Complete Remaining T otal RAP activities completed Owning the outcome +81 72% People Experience IndexDigital Home Loan Banker NPS1 › $7.5m in scam and online fraud losses prevented or recovered for customers › 3,877 customers supported through hardship › >99% fraudulent deposit account onboarding intervention rate › 77% Risk Culture Index, reflecting the uplift in capability through Program rQ › ~75% of employees actively using AI tools, >100 AI agents built in-house › New Enterprise Agreement finalised, endorsed by 92% of voting employees Engaged, capable and AI-enabled workforce (1) August 2026 spot NPS for VMA and ME mobile bankers. August 2026 spot NPS for Digital Home Loan through the broker channel was +76.
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31% 27% FY23 FY26 Building a pathway to improved and more sustainable returns 17 Optimise the bank economics Disciplined balance sheet and capital management 2026 FULL YEAR RESULTS PRESENTATION Cost discipline Balance sheet mix Capital-light income Improved funding mix 73% 69% At-call3 (1) Headline inflation based on quarterly ABS/RBA CPI data for the financial year ended June. BOQ and peer cost growth excludes notable items. Peers include ANZ, BEN, CBA, NAB and WBC. FY26 peer cost growth only includes those who have reported FY26 results. (2) Relates to the equipment finance assets sold under the whole-of-loan sale with Challenger Limited. (3) Customer at-call deposits include transaction and savings & investment accounts. Excludes offset accounts and term deposits. › Operating model simplification › Improved unit economics and reduction in fixed costs › Productivity offsetting inflation › New fee income stream established › Growth without balance sheet or capital constraints › Acquisition through digital channels › Launching business deposit product › Reduced wholesale reliance › Home lending recycled › Business lending weighting up › Scaling equipment finance lending 78% 74% 22% 26% FY23 FY26 Equipment finance AUM2 Cost growth vs inflation1 Non-interest income ($m) 115 130 145 160 FY23 FY24 FY25 FY26 0.0% 2.5% 5.0% 7.5% 10.0% FY23 FY24 FY25 FY26 BOQ Inflation Peer avg. Housing & consumer Business Customer deposits Wholesale funding
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› ~1.4m customers choosing BOQ for their everyday banking and business needs › Deploying business bankers in regional growth corridors following conversion to a proprietary branch channel 18 2026 FULL YEAR RESULTS PRESENTATION Serving our communities Building on our 152-year Queensland heritage, supporting our customers and communities › Continued engagement with industry, regulators and stakeholders › Completed the first mandatory climate-related disclosures included in the FY26 Annual Report › Novated leasing applications for electric vehicles increased to over half by end of FY26 › ~$2m raised for our communities through community partnerships, including our primary partnership with Orange Sky › New head office in Brisbane CBD › 102 branches across the network, aligned to our Queensland heritage and changing customer behaviours Customers Communities Sustainability
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FINANCIAL DETAIL Racheal Kellaway Chief Financial Officer
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20 Key financial results ($m) 2026 FULL YEAR RESULTS PRESENTATION Financial performance Second half earnings growth on improved margin, higher non-interest income and disciplined cost management Note: Cash earnings excluding notable items is presented as the key measure of the Group's underlying performance, adjusting for items considered not reflective of ongoing business activities and improving comparability across periods. FY26 notable items include impairment charges related to aged technology assets and low value corporate and branch network assets ($33m after tax). The following slides provide detail on all adjustments. FY26 FY25 FY26 v FY25 2H26 1H26 2H26 v 1H26 Net interest income 1,520 1,515 0% ꟷ 765 755 1% ▲ Non-interest income 159 142 12% ▲ 82 77 6% ▲ Total income 1,679 1,657 1% ▲ 847 832 2% ▲ Operating expenses excl. notable items (1,098) (1,072) 2% ▲ (545) (553) (1%) ▼ Underlying profit excl. notable items 581 585 (1%) ▼ 302 279 8% ▲ Loan impairment expense (54) (21) 157% ▲ (34) (20) 70% ▲ Cash earnings after tax excl. notable items 358 383 (7%) ▼ 182 176 3% ▲ Less: Notable items after tax (33) - large (33) - large Cash earnings after tax 325 383 (15%) ▼ 149 176 (15%) ▼
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FY26 FY25 2H26 1H26 Cash earnings after tax 325 383 149 176 Whole-of-loan sale1 (52) - (21) (31) Branch strategy2 (22) (43) (14) (8) Amortisation of acquisition fair value adjustments (1) 3 (1) - Hedging and fair value changes - (1) 1 (1) Goodwill impairment3 - (170) - - Restructuring costs 4 - (25) - - Remedial action plans4 - (14) - - Statutory net profit after tax 250 133 114 136 21 (1) Whole-of-loan sale refers to the sale of assets and associated liabilities within the equipment finance portfolio to Challenger Limited. Further detail has been provided in BOQ’s FY26 Annual Report and its disclosures to the ASX dated 7 April 2026 and 1 May 2026. (2) Costs of converting the Owner Managed branch network to corporate branches by March 2025 and costs associated with the optimisation of the network. Further detail has been provided in BOQ’s FY25 and FY26 Annual Reports and its disclosure to the ASX dated 22 August 2024. (3) Further detail has been provided in BOQ’s FY25 Annual Report and its disclosure to the ASX dated 3 October 2025. (4) Further detail has been provided in BOQ’s FY25 Annual Report and its disclosure to the ASX dated 28 August 2025. 2026 FULL YEAR RESULTS PRESENTATION Reconciliation of cash earnings to statutory net profit after tax ($m) Non-cash items Statutory adjustments reflect strategic decisions made to simplify and optimise the business
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1.70% 1.67% 1.73% (0.05%) (0.02%) 0.11% 0.02% 2H25 1H26 Lending Funding Liquidity and other Third-party costs 2H26 22 2026 FULL YEAR RESULTS PRESENTATION Net interest margin (%) Net interest margin Funding optimisation and higher interest rates driving second half margin expansion › Impact of September rate rise, possibility remains for a further increase this financial year › Continued competition in home and commercial lending, partly offset by mix benefits › Funding requirements as home lending growth returns 1H27 considerations › Positive contribution from replicating portfolio, uninvested capital and low-cost deposits and liquidity › Broadly neutral third-party costs › No further material impacts from equipment finance portfolio +6bps at-call deposits +4bps term deposits +1bp funding mix +1bp replicating portfolio +2bps uninvested capital & LCD -1bp liquidity -2bps non-recurrence of prior half brokerage benefit-2bps home lending -2bps business lending +1bp underlying asset mix -1bp sale of equipment finance portfolio -1bp other
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23 2026 FULL YEAR RESULTS PRESENTATION Non-interest income New and expanded partnerships growing capital-light income Non-interest income ($m) › Full-year run-rate benefit of capital partnership › Commission income to normalise following partner transition › Broadly stable banking income › Expanding the BOQ and Virgin Money customer relationship through partner products: › General insurance › Superannuation › Credit cards White label products › Access to Virgin Australia’s Velocity Frequent Flyer members › Virgin Money Velocity offering expanded from credit cards to now include home loans and transaction accounts, rewarding main-bank behaviour Loyalty & distribution FY27 considerations 68 74 77 82 35 42 43 41 1423 24 16 1510 8 18 12 1H25 2H25 1H26 2H26 Banking income Commission income Challenger partnership Other including trading 142 159 Capital partnership › Customer relationship managed by BOQ, leveraging origination and servicing capability › Whole-of-loan sale completed, forward flow agreement in place
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24 2026 FULL YEAR RESULTS PRESENTATION Capital partnership › ~$3.6bn equipment finance whole-of-loan sale completed 1 May 2026, with BOQ retaining origination, servicing and customer relationships › Entered into forward flow arrangement with returns at target in first four months › FY26 cash earnings impacts broadly neutral, in line with guidance › ~$295m capital return to shareholders › Special dividend of 15c ($99m) paid 24 August 2026 › On-market buy-back of up to $196m commenced 25 August 2026, with ~$11m purchased as at 31 August 2026 › Capital management plan benefiting ROE and EPS in FY272 › Supported the optimisation of funding Commencement of partnership with Challenger, supporting capital and funding optimisation FY26 FY26 range1 FY26 actuals Net interest income -$16m to -$12m -$14m Non-interest income +$8m to +$10m +$14m Total income -$8m to -$2m No impact Operating expense No impact No impact Loan impairment expense +$5m to +$7m +$4m Cash earnings after tax -$2m to +$4m +$3m Non-cash items -$55m to -$45m -$52m Cash return on average equity +15bps to +25bps Negligible (1) As outlined in BOQ’s 1H26 Investor Materials. (2) ROE and EPS expectations remain subject to market conditions relating to the planned buy-back. Overview
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1,072 1,098 1,145 (60)25 3 0 15 43 47 FY25 Inflation Other Simplification Investment Amortisation Branch conversion FY26 excl. notable items Notable items FY26 Run the bank Simplification Investment › Continued inflation, including the first year of a new EBA › Higher cloud consumption and software licensing costs › Continued investment in risk and regulatory embedment 25 2026 FULL YEAR RESULTS PRESENTATION Operating expenses ($m) Operating expenses Sub-inflation cost growth with simplification program supporting a reduction in underlying costs FY27 considerations › Benefits of ME decommissioning and Capgemini partnership › Continued simplification and operating model productivity › Leveraging the cost base to support growth +$4m risk +$3m technology -$4m various other +$6m business bank growth -$6m group investment spend -1.6% underlying cost growth 2% cost growth excl. notable items (1) Notable items include impairment charges related to aged technology assets and low value corporate and branch network assets. 1
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$15m $61m $132m $132m $205m $60m $13m $45m 6% 24% 53% 82% 100% FY23 FY24 FY25 FY26 FY27 › 82% of benefits delivered on exit of FY26 › 77% of benefits now delivered in P&L › FY27 benefits from ME decommissioning and Capgemini partnership › Program commenced in FY23 with $200m target, increased to $250m in 2H24 26 Productivity program Ambitious simplification program on track to deliver $250m of savings 2026 FULL YEAR RESULTS PRESENTATION $250m productivity program › Operating model: run-rate benefits from FY25 and FY26 simplification › Technology: transition to Capgemini for IT and business processing › Property and procurement: branch network optimisation, corporate property subleases, telecommunications re-contracting › Process & automation: simplifying ME heritage processing following migration to the digital bank Program status FY26 initiatives Cumulative benefits in P&L FY26 in-year benefits Benefits delivered on exit of FY26 ME decommissioning, Capgemini & other benefits
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133 176 183 308 107 117 246 263 280 254 460 423 379 439 463 562 567 540 FY21 FY22 FY23 FY24 FY25 FY26 Assets under construction Software intangible assets 212 304 326 257 188 180 FY21 FY22 FY23 FY24 FY25 FY26 Software intangible asset balances ($m) 27 2026 FULL YEAR RESULTS PRESENTATION T ransformation investment Transformation investment past the peak with foundational programs delivered Investment spend ($m)
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28 Loan impairment expense/GLA (bps) Housing, asset finance and commercial arrears 90 DPD (bps) Impaired assets ($m) 2026 FULL YEAR RESULTS PRESENTATION Portfolio quality Impairment expense normalising off a low base, actual impaired assets reduced Loan impairment expense ($m) 1H25 2H25 1H26 2H26 Housing & consumer 12 (9) (7) 12 Commercial (24) 2 3 7 Asset finance 15 25 24 15 Total 3 18 20 34 22 16 16 44 30 30 28 38 29 94 84 75 2H25 1H26 2H26 Housing & consumer Commercial Asset finance 114 99 104 74 79 79 96 171 90 103 Aug-25 Feb-26 Aug-26 Housing Commercial Asset finance Normalised asset finance 1 (1) The increase in the asset finance 90 DPD arrears rate reflects the reduction in GLAs following the ~$3.6bn equipment finance whole-of-loan sale, and a small number of individual exposures. Normalising for the reduction, the 90 DPD arrears rate was 103bps. 11 9 16 37 -4 2 9 2 3 8 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 LIE/GLA 10 year avg.
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48 53 45 259 245 229 307 298 274 2H25 1H26 2H26 Specific Collective 0.00% 0.50% 1.00% Peer 1 Peer 2 Peer 3 BOQ Peer 4 Peer 5 Peer 6 Peer 7 200 274 306 Base Reported provisions Downside $74m above base scenario 29 2026 FULL YEAR RESULTS PRESENTATION Provisioning Coverage ratios maintained, reflecting a prudent approach to economic uncertainty Provisions ($m) Provisioning to standardised credit RWA coverage (%) Provision scenarios (as at August 2026) ($m) (1) Prior periods have been adjusted to exclude equipment finance and ME unsecured portfolios subsequently sold. Total provision/GLA (bps) 39 39 38 Normalised total provision/GLA1 (bps) 37 36 38
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30 2026 FULL YEAR RESULTS PRESENTATION Funding & liquidity Funding discipline with reduced wholesale reliance and improving deposit mix Liquidity & NSFR1 Deposit funding Funding mix ($bn) Customer deposits (1) Liquidity coverage ratio reported on a quarterly average basis and net stable funding ratio reported on a spot basis. 66.7 65.3 62.9 9.9 10.0 9.7 16.3 15.4 13.5 92.9 90.7 86.1 2H25 1H26 2H26 Customer deposits Short term wholesale Long term wholesale 34% 32% 30% 50% 51% 53% 8% 8% 8% 8% 9% 9% $66.7bn $65.3bn $62.9bn 2H25 1H26 2H26 Term deposits Savings & investments Transaction accounts Offsets 142% 143% 141% 136% 123% 124% 123% 123% 1H25 2H25 1H26 2H26 Liquidity coverage ratio Net stable funding ratio 72% 72% 72% 73% 83% 86% 85% 87% 1H25 2H25 1H26 2H26 Deposit funding % of total funding Deposit to loan ratio
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11.18% 11.64% 11.14% (0.28%) (0.35%) (0.15%) (0.01%) (0.50%)0.78% 0.47% - 1H26 Whole-of-loan sale RWA release Capital returned Earnings Ordinary dividend RWA Investment Other 2H26 Planned share buy-back 2H26 pro-forma 31 CET1 (%) 2026 FULL YEAR RESULTS PRESENTATION Summary Capital strength Capital return to shareholders and CET1 maintained above the management target range Note: CET1 includes a $50m capital overlay as determined by APRA in relation to BOQ’s Court Enforceable Undertaking. (1) Special dividend of 15c paid on 24 August 2026. Share buy-back commenced 25 August 2026, as at 31 August ~$11m of shares have been purchased out of the planned $196m. (2) Earnings excl. notable items. (3) 1H26 dividend of 20c, DRP operated with no discount and was satisfied in full by an on-market purchase of shares. Participation was 8.5%. (4) RWA includes loan origination costs and movements in capital relief securitisations. (5) Capitalised expenses net of amortisation. › Capital management following whole-of-loan sale; 15c special dividend paid and commencement of on-market buy-back of shares1 › 20c fully franked final dividend (6.1% annualised dividend yield), the DRP will operate with no discount and is expected to be satisfied in full by an on-market purchase of shares › CET1 ratio managed above the top end of the management target range of 10.25–10.75% › Strong position supporting resilience, the capacity to continue to transform the business, and a sustainable return to growth 3 4 5 1H26 dividend yield: 5.8% + franking benefits › 15c special dividend › On-market share buy- back commenced 2
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OUTLOOK
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33 2026 FULL YEAR RESULTS PRESENTATION FY27 outlook › Continued elevated competition for quality lending and deposits › Targeting commercial lending growth comparable to FY26 › Sustainable return to home lending growth in FY27 › Uncertainty in markets has the potential to drive higher costs for funding › Modest 1H27 NIM uplift, subject to market conditions › Strong uplift in non-interest income expected, benefiting from full run-rate of capital partnership › Targeting flat cost growth; benefits from ME decommissioning and Capgemini partnership › Relatively stable loan impairment expense › Share buy-back expected to be completed during FY271 › No change to target CET1 or dividend payout ranges2,3 › Unpredictable geopolitical environment, risks to the economic and financial outlook › Ongoing support for customers managing through a period of higher interest rates and cost-of-living pressures (1) Subject to market conditions. (2) CET1 target range of 10.25–10.75%. (3) Dividend payout range of 60–75% of cash earnings. The amount of any dividend will be at the discretion of the Board.
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DIVISIONAL RESUL TS 34
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FY26 FY25 FY26 v FY25 FY26 FY25 FY26 v FY25 Net interest income 807 807 0% ꟷ 722 713 1% ▲ Non-interest income 84 94 (11%) ▼ 72 50 44% ▲ Total income 891 901 (1%) ▼ 794 763 4% ▲ Operating expenses excl. notable items (746) (738) 1% ▲ (352) (334) 5% ▲ Less: Notable expense items1 (35) - large (12) - - Operating expenses (781) (738) 6% ▲ (364) (334) 9% ▲ Underlying profit 110 163 (33%) ▼ 430 429 0% ꟷ Loan impairment expense (9) (2) large ▲ (45) (19) 137% ▲ Profit before tax 101 161 (37%) ▼ 385 410 (6%) ▼ Income tax expense (32) (52) (38%) (124) (131) (5%) Cash earnings after tax 69 109 (37%) ▼ 261 279 (6%) ▼ Add back: Notable items after tax 25 - large 8 - large Cash earnings after tax excl. notable items 94 109 (14%) ▼ 269 279 (4%) ▼ Retail Business 35 2026 FULL YEAR RESULTS PRESENTATION Divisional performance (1) Notable items include impairment expenses related to the write-off of aged technology assets and low value corporate and branch network assets.
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Overview 36 Deposit funding ($bn) Retail banking overview 2026 FULL YEAR RESULTS PRESENTATION 732 2,028 1,279 (1,276) (1,368) (903) (509) (3,739) (3,572) (1,053) (3,079) (3,196) FY24 FY25 FY26 ME VMA BOQ 14.5 13.0 11.3 14.6 14.7 14.1 3.5 3.4 3.5 4.3 4.3 4.4 36.9 35.5 33.4 FY24 FY25 FY26 Term deposits Savings & investments Transaction accounts Offsets Lending growth ($m) › ME migration complete, with ~350k customers migrated off the heritage platform and ~$29bn of home loans now on the digital bank › Home lending contraction reflects lower settlement volumes and higher run-off from closure of legacy channels and the continued transition to the digital platform, partly offset by ME broker growth › Deposits optimised for a lower funding requirement, with term deposit run-off and targeted growth in digital at-call deposits › Digital bank scaling with 88% of home lending application flow and 87% of deposit originations occurring on the digital bank in August › Application volumes of $5.2bn in 4Q26, the highest quarter in two years, building momentum for a return to growth › Virgin Money Velocity offering expanded from credit cards to now include home loans and transaction accounts, rewarding main-bank behaviour
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37 Housing metrics Housing application volumes by channel (# ‘000)2 (1) Multiple based on YTD system to August 2026, APRA monthly banking statistics. Growth rates and multiples adjusted to add back ~$15bn of residential mortgages transferred out of the APRA ADI population in August 2026 following a major bank portfolio sale to a non-ADI. This presents underlying growth and market share on a like-for-like basis. (2) 1H26 application volumes updated to include previously misidentified digital applications. VMA stopped accepting home loan applications for new customers through the broker channel from 1 September 2023. BOQ stopped accepting home loan applications for new customers through the broker channel from 1 September 2024. Portfolio FY26 Flow LVR > 90% (%) 0.8 0.7 LVR > 80% (%) 6.7 4.7 90 days past due (bps) 104 - Interest only % (excl. construction) 10 17 Investor (%) 30 35 PAYG (%) 81.9 86.4 DTI >=6x (%) - 2.8 Fixed (%) 7 6 Broker (%) 58 72 BOQ system growth1 - Negative ME system growth1 - 0.7x Overall BOQ Group system growth1 - Negative Serviceability buffer Customer repayment ability assessed on the higher of the minimum floor rate which is currently 5.75% or actual customer interest rate plus buffer of 3% 2026 FULL YEAR RESULTS PRESENTATION Home lending performance Housing application volumes by platform ($bn) 2.7 2.8 2.60.4 0.5 0.30.1 0.1 0.1 11.1 9.7 11.0 0.1 0.2 0.4 14.4 13.1 14.3 2H25 1H26 2H26 BOQ BOQS BOQ broker ME Bank VMA 0.0 0.5 1.0 1.5 2.0 2.5 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Heritage Digital Application volumes increasing as digital mortgages are scaled
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Source: APRA Monthly Banking Statistics September 2025 to August 2026. Note: Majors comprise CBA, NAB, WBC, ANZ and Macquarie, Regionals comprise SUN and BEN and Internationals comprise HSBC and ING. Note: Growth rates and multiples adjusted to add back ~$15bn of residential mortgages transferred out of the APRA ADI population in August 2026 following a major bank portfolio sale to a non-ADI. This presents underlying growth and market share on a like-for-like basis. 38 Lending to Households (APRA) Multiple (APRA) YTD (A) 3M (A) 1M YTD 3M 1M Market share Major 1 24.83% 16.81% 1.06% 3.8 3.4 3.5 7.46% International 1 9.90% 7.34% 0.61% 1.5 1.5 2.0 2.98% Major 2 6.85% 6.07% 0.41% 1.0 1.2 1.3 25.41% System 6.56% 5.02% 0.30% Major 3 5.97% 3.42% 0.25% 0.9 0.7 0.8 20.61% ME 4.59% 7.09% 1.03% 0.7 1.4 3.4 1.21% Major 4 4.39% 6.63% 0.38% 0.7 1.3 1.3 13.23% Major 5 4.31% 2.19% 0.06% 0.7 0.4 0.2 13.96% International 2 2.59% -5.87% -1.35% 0.4 Neg Neg 1.37% Regional 1 0.52% -0.11% -0.14% 0.1 Neg Neg 2.56% Regional 2 -0.34% -4.81% -0.48% Neg Neg Neg 2.24% BOQ + ME -7.57% -4.91% 0.00% Neg Neg Neg 2.01% BOQ -21.34% -21.72% -1.52% Neg Neg Neg 0.80% 2026 FULL YEAR RESULTS PRESENTATION Lending to households (APRA data)
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39 Business banking overview Lending growth1 ($m) 2026 FULL YEAR RESULTS PRESENTATION Deposit funding ($bn) › Second half cash earnings, excluding notable items, increased 4%, reflecting lower loan impairment expense in the asset finance portfolio › Commercial lending grew 16% in FY26 across a diverse range of industries and businesses, with lending well secured by property › Continued focus and growth across specialist segments including healthcare, agribusiness and diversified industries, supporting family-owned and managed businesses › 42 bankers onboarded since FY24, contributing 44% of FY26 commercial lending growth › Asset finance grew 5% excluding the whole-of-loan sale, led by growth in novated leasing › Capital partnership completed, generating capital-light income by leveraging the Group’s equipment finance origination and servicing capability Overview (1) Excludes ~$3.6bn equipment finance whole-of-loan sale to Challenger Limited. 2.2 1.4 1.2 5.2 5.1 4.7 1.8 1.8 1.7 1.4 1.2 1.0 10.5 9.6 8.6 FY24 FY25 FY26 Term deposits Savings & investments Transaction accounts Offsets 110 (1,218) (1,452) 323 1,741 2,383433 523 931 FY24 FY25 FY26 Housing & consumer Business lending & Asset finance
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Lending to Businesses (APRA) Multiple (APRA) YTD (A) 3M (A) 1M YTD 3M 1M Market share International 1 19.71% 21.07% -3.71% 1.6 1.5 Neg 1.19% Regional 1 19.50% 20.94% 1.15% 1.6 1.5 1.1 1.08% Major 1 15.80% 19.22% 1.64% 1.3 1.4 1.5 21.93% Major 2 14.22% 13.01% 0.39% 1.1 0.9 0.4 20.33% System 12.49% 13.92% 1.06% Major 3 11.96% 10.91% 0.72% 1.0 0.8 0.7 25.04% BOQ 11.12% 9.71% 0.76% 0.9 0.7 0.7 1.36% Regional 2 10.04% 20.62% 1.34% 0.8 1.5 1.3 1.49% International 2 9.54% 21.14% 9.32% 0.8 1.5 8.8 0.23% Major 4 7.59% -7.37% 0.17% 0.6 Neg 0.2 1.90% Major 5 7.23% 17.45% 2.00% 0.6 1.3 1.9 14.36% International 3 2.74% 9.60% -0.50% 0.2 0.7 Neg 1.85% Regional 3 -5.53% 0.44% 0.46% Neg 0.0 0.4 1.03% 40 Source: APRA Monthly Banking Statistics September 2025 to August 2026. Note: Majors comprise CBA, NAB, WBC, ANZ and Macquarie, Regionals comprise SUN, JDO and BEN and Internationals comprise HSBC, Rabobank and ING. 2026 FULL YEAR RESULTS PRESENTATION Lending to business (APRA data)
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NET INTEREST MARGIN 41
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42 2026 FULL YEAR RESULTS PRESENTATION Net interest margin – FY25 to FY26 1.64% 1.70% (0.08%) 0.07% - 0.07% FY25 Lending Funding Liquidity and other Third-party costs FY26 Net interest margin (%) – FY25 to FY26 -3bps home lending -3bps cash rate timing -2bps commercial lending +3bps term deposits +2bps at-call deposits +1bp wholesale funding +1bp funding mix +3bps replicating portfolio +1bp basis hedging -1bp uninvested capital & LCD -3bps liquidity +6bps branch strategy +2bps amortised costs -1bp brokerage
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0% 1% 2% 3% 4% 5% Aug-21 Aug-22 Aug-23 Aug-24 Aug-25 Aug-26 43 Replicating portfolio › The replicating portfolio is a tool to smooth earnings through the interest rate cycle › Capital tenor remains at three years › Low-cost deposit tenor remains at five years to align to the behaviour of the underlying deposits › The replicating portfolio and uninvested capital and low-cost deposits contributed three basis points to NIM in 2H26 › For every 0.25% increase in the RBA cash rate, the uninvested capital and low-cost deposit portfolio will increase NIM by less than 1bp Summary 1H26 Balance ($bn) 2H26 Balance ($bn) 2H26 Avg. Return Exit Return Rate Investment Term Capital 4.1 4.1 3.76% 3.89% 3 years Low-cost deposits 4.3 4.3 3.64% 3.71% 5 years Total replicating portfolio 8.4 8.4 3.70% 3.80% 4 years Uninvested capital and low-cost deposits 2.8 2.5 4.34% 4.42% 3 months1 2026 FULL YEAR RESULTS PRESENTATION Replicating portfolio Replicating Portfolio Return 3M BBSW RBA Official Cash Rate (1) Invested at the overnight cash rate plus nine-month average of the three-month Bills/OIS spread for a nine-month tenor.
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44 Long-term basis risk avg - 9 bps › BOQ’s basis risk exposure fell in 2H26 due to the balance of variable rate assets falling more than at-call deposits › Hedging costs contributed ~1bp to NIM in 2H26 › Current sensitivity is 1bp of NIM for every 10bps change in basis spread Summary 2026 FULL YEAR RESULTS PRESENTATION Hedging costs - basis risk 0.00% 0.05% 0.10% 0.15% 0.20% 0.25% 0.30% Aug-21 Aug-22 Aug-23 Aug-24 Aug-25 Aug-26
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PORTFOLIO QUALITY 45
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46 Unemployment rate (%) Economic forecasts1 (calendar year) (%) Scenario weights (1) The forecasts in the table reflect calendar year-end numbers and were prepared as at August 2026, based on RBA and market consensus at the time and for the purpose of collective provision updates. House price index (%) Upside Base Downside Severe 2026 2025 2026 2025 2026 2025 2026 2025 Weighting 5% 5% 50% 50% 30% 30% 15% 15% 2026 FULL YEAR RESULTS PRESENTATION Collective provisioning 3.0% 4.0% 5.0% -2.5% 0.0% 2.5% 5.0% 7.5% 10.0% Base Downside 2026 2027 2028 2026 2027 2028 GDP (YoY growth %) 1.4 1.6 1.8 0.4 (1.2) 0.6 Unemployment rate (%) 4.5 4.7 4.8 5.0 7.4 7.8 Residential property prices (YoY % change) (0.7) 1.4 1.4 (2.4) (13.7) (8.0) Commercial property prices (YoY % change) 2.1 3.9 3.9 (3.3) (15.1) (7.1) Cash rate (%) 4.4 4.5 4.4 4.5 3.7 3.4
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47 Summary Housing portfolio by geography (%) Housing portfolio by channel (%) › Housing portfolio diversified across geography and channel › ~99% of customers with LVR =<90%, with FY26 flow above 90% at 0.7% › ~93% of customers with LVR =<80%, with FY26 flow above 80% at 4.7% Housing portfolio by LVR (%) 2026 FULL YEAR RESULTS PRESENTATION Housing loan portfolio Diversified portfolio with conservative LVR lending 29% 30% 25% 10% 6% QLD NSW & ACT VIC WA Other 42% 21% 30% 6%1% Up to and including 60% >60% to 70% >70% to 80% >80% to 90% Greater than 90% 25% 6% 8% 3%11% 47% BOQ Proprietary BOQ Broker BOQS VMA ME Proprietary ME Broker
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48 Summary › Commercial portfolio diversified geographically and by industry › Credit quality remains sound, with no material deterioration observed. 30 DPD arrears down 20bps on FY25 and a modest 5bps increase in 90 DPD › Property portfolio weighted to investment lending, with minimal development exposure and strong security coverage › Property and construction industry segments continue to be closely monitored Commercial by industry1 (%) 2026 FULL YEAR RESULTS PRESENTATION Commercial portfolio Balanced portfolio with controlled risk exposures Commercial by geography (%) 43% 20% 6% 5% 5% 6% 15% Property Healthcare Construction Professional Accommodation Agriculture Other 32% 47% 13% 6%2% QLD NSW & ACT VIC WA Other (1) Based on industry ANZSIC categorisation.
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49 Summary Asset finance by geography (%) Asset finance by channel (%) › ~$3.6bn equipment finance whole-of-loan sale to Challenger completed in May 2026, with BOQ continuing to originate and service equipment finance supported by the forward flow arrangement › Asset finance portfolio remains diversified across geography and channel, with a stronger weighting to novated leasing › Arrears rates elevated on a smaller portfolio, with arrears balances lower Asset finance by industry1 (%) 2026 FULL YEAR RESULTS PRESENTATION Asset finance portfolio Rebased portfolio following the capital partnership, weighted to novated leasing 32% 29% 20% 10% 9% QLD NSW VIC WA Other 35% 18%18% 16% 12% 1% Novated Leases BOQ Specialist Dealer Finance Equipment Finance Structured Finance Vendor Finance 42% 19% 8% 6% 5% 4%3% 13% Consumer Healthcare Construction Retail Trade Transport Manufacturing Agriculture Other (1) Based on industry ANZSIC categorisation.
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50 2026 FULL YEAR RESULTS PRESENTATION Business bank lending portfolio Well diversified and underpinned by quality security Summary › Business bank portfolio diversified geographically with a diverse channel mix › The portfolio is well secured with ~13% unsecured lending › Commercial loss rates remain well below long-run averages, with asset finance losses elevated on a smaller portfolio Business portfolio security status by industry1 92.7% 82.7% 78.5% 98.7% 54.2% 97.3% 77.4% 86.5% 7.3% 17.3% 21.5% 1.3% 45.8% 2.7% 22.6% 13.5% 0% 5% 10% 15% 20% 25% 30% 35% Property Healthcare Construction Agriculture Professional Accomm' & food Transport Other industries Secured Unsecured (1) Based on industry ANZSIC categorisation.
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51 (1) FY17 has not been restated to include ME. (2) Excludes consumer. Housing loans - geographic split over time1 (%) Commercial - industry segments over time (%) Asset finance - industry segments over time (%) T otal lending - geographic split over time2 (%) 2026 FULL YEAR RESULTS PRESENTATION Industry and geographic split over time Enhanced diversification over time 50% 29% 21% 30% 14% 25% 12% 10% 3% 6% FY17 Balance Outstanding (%) FY26 Balance Outstanding (%) QLD NSW & ACT VIC WA Other 29% 43% 22% 20% 8% 6% 11% 5% 7% 5% 6% 23% 15% FY17 Balance Outstanding (%) FY26 Balance Outstanding (%) Property Healthcare Construction Professional Accommodation Agriculture Other 15% 8% 21% 19% 13% 5% 8% 4% 8% 3% 8% 6% 27% 55% FY17 Balance Outstanding (%) FY26 Balance Outstanding (%) Construction Healthcare Transport Manufacturing Agriculture Retail Trade Other 38% 30% 27% 33% 19% 23% 8% 9% 8% 5% FY17 Balance Outstanding (%) FY26 Balance Outstanding (%) QLD NSW VIC WA Other
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Macroeconomic environment 52 › Higher energy costs and rising interest rates will likely slow the economy further in FY27 › Cost-of-living pressures continue to weigh upon consumer and business confidence › Cash rates likely to have peaked, possibility remains of further increase this financial year; reductions are not expected before calendar year 2028 › Declining house prices › Transport and construction sectors showing signs of stress Outlook for credit losses › LIE increased from a low base, with retail and commercial loss rates remaining well below long-run averages › Collective provision scenario weights retained, with 45% weighting to downside scenarios and the severity of these scenarios increased › Overlays in place for key industries expected to be impacted by economic uncertainty and any segments of the portfolio undergoing stress › Low unemployment and resilient mortgage repayment buffers, with a well-secured portfolio and prudent provisioning, position BOQ well for a changing credit loss environment 2026 FULL YEAR RESULTS PRESENTATION Emerging risks to portfolio quality
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FUNDING & LIQUIDITY 53
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34% 35% 30% 2% 1% 3%2% 2% 16% 15% 6% 46% 44% 17% 4% 44% 2H25 1H26 2H26 >5.00% >4.00%≤5.00% >3.00%≤4.00% >2.00%≤3.00% >1.00%≤2.00% <1.00% 6.2 5.8 4.8 4.1 3.9 3.8 4.4 4.1 3.2 1.6 1.6 1.7 16.3 15.4 13.5 2H25 1H26 2H26 Securitisation Covered bond Senior unsecured Additional Tier 1 notes / Subordinated debt 54 Long term wholesale funding ($bn) Customer at-call deposit funding costs4 2026 FULL YEAR RESULTS PRESENTATION Funding (1) Any transaction issued in a currency other than AUD is shown in the applicable AUD equivalent hedged amount. (2) Senior unsecured maturities greater than or equal to $100m shown but excludes private placements. (3) Redemption of subordinated debt notes and additional tier 1 notes at the scheduled call date is at BOQ’s option and is subject to obtaining prior written approval from APRA. (4) Customer at-call deposits include retail and commercial transaction and savings & investment accounts, and treasury retail accounts. Excludes offset accounts and term deposits. Major maturities1, 2, 3 ($m) 1,600 750 900896 900 977 1,050 260 400 400 250 350 1H27 2H27 1H28 2H28 1H29 2H29 1H30 2H30 1H31 2H31 Senior unsecured Covered bonds Additional Tier 1 Subordinated debt
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140.5% 136.3% 1.1% 2.6% (5.6%) (2.3%) Feb-26 HQLA Customer deposits Wholesale funding Other cash outflows Aug-26 HIGH QUALITY LIQUID ASSETS CUSTOMER DEPOSITS WHOLESALE FUNDING OTHER CASH OUTFLOWS $16.2bn $11.9bn Liquid assets Net cash outflows 55 LCR waterfall (Feb-26 to Aug-26)LCR (Aug-26) – 136.3% 2026 FULL YEAR RESULTS PRESENTATION Liquidity coverage ratio (LCR) Note: Liquidity coverage ratio reported on a quarterly average basis.
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CAPITAL CUSTOMER DEPOSITS WHOLESALE FUNDING AND OTHER LIABILITIES LIQUIDS AND OTHER ASSETS RESIDENTIAL MORTGAGES ≤ 80% LOAN TO VALUE RATIO OTHER LOANS $53.8bn Available stable funding Required stable funding 56 NSFR waterfall (Feb-26 to Aug-26)NSFR (Aug-26) – 123.4% 2026 FULL YEAR RESULTS PRESENTATION Net stable funding ratio (NSFR) Note: Net stable funding ratio reported on a spot basis. $66.3bn 123.3% 123.4% 1.8% 5.3% 0.0%(0.4%) (3.7%) (2.4%) (0.6%) Feb-26 Capital Customer deposits Wholesale funding & other liabilities Liquid assets Residential mortgages ≤ 80% loan- to-value ratio Other loans Other assets Aug-26
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57 Current debt ratings1 (1) The Bank monitors rating agency developments closely and is rated by Standard & Poor’s (S&P), Fitch Ratings and Moody’s Investors Service. Rating Agency Short Term Long Term Outlook S&P A-2 A- Negative Fitch F2 A- Stable Moody’s P-2 Baa1 Stable 2026 FULL YEAR RESULTS PRESENTATION Credit rating
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ECONOMIC ASSUMPTIONS 58
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59 Macroeconomic overview (1) BOQ house view. › Economic growth is likely to moderate in the coming financial year due to higher inflation and interest rates › The labour market is softening from a historically strong level › Decent growth in capital expenditure is likely, notably in technology-related areas › Cash rates likely to have peaked, possibility remains of further increase this financial year › The inflation outlook and global developments are the principal causes of uncertainty 2026 FULL YEAR RESULTS PRESENTATION Macroeconomic environment1 The economic outlook is uncertain
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60 Housing outlook (1) BOQ house view. › Higher inflation and interest rates are weighing upon consumer sentiment › Affordability remains a significant issue in the housing market despite the recent decline in house prices › House prices are likely to remain under pressure at least until there is a change in the interest rate cycle › A further modest rise in the unemployment rate is projected for this financial year Deposits outlookBusiness lending outlook › Surveys point to business trading conditions being a little below average › Cost inflation is the key issue for many firms, particularly higher energy prices › Worker availability remains a constraint for some sectors although it is less of a problem than in 2022-23 › Moderating national income growth will likely slow the growth in deposits in the coming year › This will be partially offset by higher interest rates increasing the attractiveness of deposits for households 2026 FULL YEAR RESULTS PRESENTATION Housing, business lending and deposit outlook1 The economic outlook is uncertain
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ABOUT BOQ GROUP 61
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62 Our differentiators Our distinctive brands › Proud 152-year Queensland heritage › Highly specialised bankers serving niche industry segments › Unique brand propositions › Innovative digital offerings at scale in cloud › Agility and proven execution capability Key statistics for FY26 (1) Footings refer to gross loans and advances plus customer deposits. (2) Internal BOQ analysis and APRA monthly authorised deposit-taking institution statistics excluding international banks, August 2026. Growth rates and multiples adjusted to add back ~$15bn of residential mortgages transferred out of the APRA ADI population in August 2026 following a major bank portfolio sale to a non-ADI. This presents underlying growth and market share on a like-for-like basis. (3) Excludes BOQ Asset Finance. ~1.4m Customers ~550k BOQ ~390k VMA ~280k ME ~10k BOQ Business ~30k Specialist ~70k Finance ~50k Retail SME 87% Deposit to loan ratio 2.01%2 Market share - Housing 1.36%2,3 Market share - Business 102 Branches 76 Mobile & Direct Bankers ~3.5k Employees $135bn Footings1 2026 FULL YEAR RESULTS PRESENTATION BOQ Group Supporting customers for over 150 years with differentiated brands attracting niche segmentsBusiness Retail Bank of Queenslanders Rewardingly Rewarding Makes sense to ME
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63 Summary as at 31 August 2026 8 1,233 7 1,626 24 29 75 2,028 36 2,644 7111 974 10 3,638 10 5,266 6 3,072 20 4,946 93 1 155 2026 FULL YEAR RESULTS PRESENTATION Distribution network 1 2 1 Corporate Trans. Centre Total 28 February 2026 99 8 107 31 August 2026 94 8 102 Note: VMA stopped accepting home loan applications for new customers through the broker channel from 1 September 2023. Note: New South Wales includes branches, mobile bankers and brokers accredited with BOQ and ME located in the ACT. (1) Includes 94 branches and 8 transaction and service centres. 102 CORPORATE BRANCHES1 10,799 BROKERS ACCREDITED WITH BOQ 76 MOBILE & DIRECT BANKERS 15,640 BROKERS ACCREDITED WITH ME
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ABBREVIATIONS 64
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65 1H: First half of financial year CAGR: Compound annual growth rate LIE: Loan impairment expense 1M: One month CBD: Central business district LVR: Loan-to-value ratio 2H: Second half of financial year CET1: Common Equity Tier 1 MFI: Main financial institution 3M: Three months CPI: Consumer Price Index NIM: Net interest margin 4Q: Fourth quarter of the financial year DPD: Days past due NPAT: Net Profit After Tax ABS: Australian Bureau of Statistics DRP: Dividend Reinvestment Plan NPS: Net Promoter Score ADI: Authorised deposit-taking institution DTI: Debt-to-income ratio NSFR: Net Stable Funding Ratio AI: Artificial intelligence EBA: Enterprise bargaining agreement OIS: Overnight index swap AML: Anti-money laundering EPS: Earnings per share P&L: Profit and loss ANZSIC: Australian and New Zealand Standard Industrial Classification FTE: Full time equivalent PAYG: Pay-as-you-go APRA: Australian Prudential Regulation Authority FY: Financial year RAP: Remedial Action Plans ASX: Australian Securities Exchange GDP: Gross domestic product RBA: Reserve Bank of Australia AUD: Australian dollar GLA: Gross loans & advances ROE: Return on equity AUM: Assets under management HoH: Half-on-half RWA: Risk-weighted assets Avg: Average HQLA: High-quality liquid assets SME: Small and medium enterprises BBSW: Bank Bill Swap Rate IT: Information technology VMA: Virgin Money Australia BOQ: Bank of Queensland LCD: Low-cost deposits YoY: Year-on-year BOQS: Bank of Queensland Specialist LCR: Liquidity coverage ratio YTD: Year-to-date bps: Basis points 2026 FULL YEAR RESULTS PRESENTATION Abbreviations