Slides
Page 1
Q4 & FY 2025 Results Presentation 24 February 2026
Page 2
CONFIDENTIAL 2 Underlying RoTE of 14.7%, ahead of ~13% guidance 8% income growth YoY at ccy excluding notable items1 $9.1bn shareholder distributions announced since Feb’24, including the new $1.5bn share buyback. FY’25 dividend per share up 65% YoY Underlying PBT up 18% YoY at ccy, with 4% positive income-to-cost jaws1 2025 key highlights: Accelerating delivery on our strategy RoTE Income Profit Distributions We have delivered our 3-year plan a year early Today, we are setting out our 2026 expectations In May, we will communicate our medium-term financial framework 1. At constant currency and excluding notable items relating to Ghana hyperinflation and revaluation of FX positions in Egypt: $295m in FY’24; and ($1m) in FY’25
Page 3
INTERNAL 2024-2026 plan achieved a year early 3 Three-year 5-7% income CAGR achieved within two years, with ~20% income growth from 2023 to 2025 Positive income-to-cost jaws1 achieved in both 2024 and 2025 FY’25 underlying RoTE of 14.7%, exceeding the upgraded guidance of ~13% ~$9.1bn shareholder distributions announced since Feb’24; exceeding the target of at least $8bn Upgraded 3-year plan achieved a year early As a result, we are presenting new targets for 2026 1. At constant currency and excluding notable items relating to Ghana hyperinflation and revaluation of FX positions in Egypt: $295m in FY’24; and ($1m) in FY’25
Page 4
CONFIDENTIAL Significant RoTE progression 4 (0.4%) FY’15 0.3% FY’16 3.9% FY’17 4.7% FY’18 6.3% FY’19 3.2% FY’20 6.5% FY’21 7.7% FY’22 10.1% FY’23 11.7% FY’24 14.7% FY’25 Underlying RoTE (%) Statutory RoTE (%) FY’15 (1.2%) FY’16 2.0% FY’17 1.6% FY’18 4.8% FY’19 0.9% FY’20 4.8% FY’21 6.8% FY’22 8.4% FY’23 9.7% FY’24 11.9% FY’25 (5.9%)
Page 5
CONFIDENTIAL CFO update Pete Burrill Interim Group Chief Financial Officer
Page 6
CONFIDENTIAL 6 Performance overview 2025 key stats$m Q4’25 YoY ccy B/(W) FY’25 YoY ccy B/(W) Net interest income (NII) 2,949 (1%) 11,185 1% Non-NII 1,899 1% 9,709 13% Operating income 4,848 (0%) 20,894 6% Operating expenses (3,429) (4%) (12,347) (4%) Pre-provision operating profit 1,419 (8%) 8,547 9% Credit impairment (145) (12%) (676) (21%) Other impairment (13) 96% (42) 93% Profit from associates and joint ventures (26) 4% 71 42% Underlying profit before tax 1,235 19% 7,900 18% Other restructuring (129) (7%) (320) (13%) FFG (233) (188%) (531) n.m. DVA (9) n.m. (31) (29%) Other items (50) (14%) (55) 83% Reported profit before tax 814 4% 6,963 18% Underlying RoTE 14.7% up 3%pts YoY Underlying EPS 229.7 cents up 37% YoY TNAV per share 1,730 up 189 cents YoY • FY’25 income up 6% YoY at ccy, or up 8% ex-notables1 with strong performance in Wealth Solutions and Global Banking − Q4 flat YoY due to weak episodic income in Global Markets • Profit from associates lower in Q4 due to a change in our approach to recognition of Bohai profit • FY’25 underlying RoTE of 14.7%, including ~70bps from Ventures FVOCI • Other items include provision relating to Korea ELS and a litigation settlement, offset by gain on property sale in India • FY’25 statutory RoTE of 11.9% Income to cost jaws1 4% positive 1. At constant currency and excluding notable items relating to Ghana hyperinflation and revaluation of FX positions in Egypt: $295m in FY’24; and ($1m) in FY’25 Note: Performance on underlying basis unless otherwise stated
Page 7
CONFIDENTIAL Net interest income up 1% in 2025 7 NII QoQ ($m)• Q4’25 NII up ~$0.2bn or 8% QoQ driven by; − 86bps increase in HIBOR led to temporary improvement in CASA passthroughs in Q4 and timing benefit in treasury income − HIBOR has since reversed in Q1’26 • As a result, FY’25 NII of $11.2bn up 1% YoY at ccy; headwinds from lower rates and WRB portfolio actions offset by volumes and mix improvement • 2026 NII expected to be broadly flat YoY at ccy − Currency weighted average rates expected to drop by 44bps in 2026 − Passthrough rates expected to move back within the guidance range − Continued impact from WRB portfolio actions expected to be ~2% headwind to NII − Offset by continued volume growth 172 14 26 Q3’25 Rates & margin Volume impact Mix & others Q4’25 2,737 2,949 +8% ccy 2,830 2,796 2,703 2,737 2,949 147 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 2,977 NII quarterly trend ($m) Deposit insurance reclassification Net interest income
Page 8
CONFIDENTIAL Consistent double-digit growth in non-NII 8 FY’25 non-NII product mix Wealth Solutions Global Markets Global Banking Transaction Services Ventures & others2 $9.7bn Non-NII YoY ($m) • FY’25 non-NII up 13% YoY at ccy; up 17% excluding notable items1 − Growth largely from Wealth Solutions, Global Markets and Global Banking • FY’25 non-NII includes a $238m gain on Solv India transaction Less FY’24 notables1 FY’24 ex- notables1 Wealth Solutions Global Markets Global Banking Ventures & others2 FY’25 8,600 (295) 8,305 9,709 FY’24 +13% ccy +17% ex-notables 1. Notable items relating to Ghana hyperinflation and revaluation of FX positions in Egypt: $295m in FY’24; and ($1m) in FY’25 | 2. Others include non-NII from Transaction Services, CCPL & Other Unsecured Lending, Deposits & Mortgages, Treasury & Other, and FY’25 notable items of ($1m)
Page 9
CONFIDENTIAL Cost driven by business growth and inflation 9 • FY’25 expenses up 4% YoY at ccy driven by: − Targeted hiring and investments in CIB and WRB Affluent − Impact of one-time regulatory changes to compensation, and effect of increase in share price on cash-settled deferred compensation − Offset by FFG savings • 4% positive income-to-cost jaws1 delivered in 2025 • Q4’25 cost higher QoQ largely due to: − $307m business growth including increase in performance related pay − $121m impact from increase in share price and regulatory changes including o India pension regulatory change o PRA rule change on accelerated vesting of shares o Q4 effect of increase in share price on cash-settled deferred stock awards 67 798 176 FY’24 FX Business growth & inflation Share price & regulatory changes FFG in-year savings FY’25 11,790 (484) 12,347 +4% ccy Operating expenses YoY ($m) 307 121 52 Q3’25 FX Business growth & inflation Share price & regulatory changes Bank levy Q4’25 2,953 (4) 3,429 +16% ccy Operating expenses QoQ ($m) 1. At constant currency and excluding notable items relating to Ghana hyperinflation and revaluation of FX positions in Egypt: $295m in FY’24; and ($1m) in FY’25
Page 10
CONFIDENTIAL Entering the final year of Fit for Growth programme 10 • Fit for Growth (FFG) has continued at pace in 2025, delivering $754m of run rate savings − Over 300 initiatives now mobilised • We are maintaining our commitment to end the FFG programme at the end of 2026 • We see some new opportunities for better returns from investments outside the scope of FFG • As a result, we are revising both CTA and associated savings for FFG to ~$1.3bn over 2024-2026 FFG delivery over time ($bn) FFG projects Investment areas Savings proportion # of initiatives Organisational Design 28% 36 Process Simplification 22% 95 Service Delivery and Platforms 32% 69 Technology Simplification 18% 143 FFG Portfolio ~$1.3bn 343 $229m FY’24 $754m FY’25 Run-rate savings: (0.2) (0.5) (0.6) ~0.1 2024 ~0.5 2025 ~0.4 2026 (0.0) ~0.3 2027 In-year savings1 CTA 1. The incremental in-year saves here include tax efficiency and contra-revenues which are not part of operating expense saves
Page 11
CONFIDENTIAL We are moving to a reported financial basis in 2026 11 FY’25 underlying cost Business growth & inflation FFG savings FY’26 reported cost at ccy Other restructuring FFG CTA FY’26 underlying cost at ccy 12.3 ~0.7 ~(0.4) ~12.6 ~0.6 ~0.2 ~13.3 Operating expenses ($bn) FY’25 reported cost 13.3 • FY’26 underlying cost now expected to be ~$12.6bn at ccy, compared to the $12.3bn previously guided − Increase largely driven by investment into initiatives which will deliver further productivity and growth benefits − Remainder as a direct result of income outperformance and associated business cost • FY’26 reported cost expected to be broadly flat at ccy1. This includes: − Final year of FFG CTA ~$0.6bn − Other restructuring ~$0.2bn • Beyond FY’26, costs expected to be driven by: − No further FFG CTA − Business growth and inflation − Further efficiency saves from FFG and other initiatives 1. At constant currency and excluding notable items (2025 costs include $158m relating to Korea ELS and a litigation settlement). Forward FX rates as of 7 Feb 2026 implies ~$0.13bn of currency translation impact
Page 12
CONFIDENTIAL Low levels of impairment in CIB; overall credit quality remains strong 12 Loan-loss rate (bps) 19 19 19 25 12 24 14 5.6 1.0 2.3 31.12.24 4.5 1.8 2.1 31.3.25 4.5 2.1 2.1 30.6.25 5.8 1.4 2.1 30.9.25 4.3 1.1 2.9 31.12.25 8.8 8.3 8.7 9.3 8.3 Early Alerts Credit Grade 12 Net Stage 3 Credit impairment ($m) • FY’25 CIB impairment remained benign at $4m due to net recoveries • WRB impairment down $28m in 2025 from portfolio optimisation actions • FY’25 loan-loss rate of 19bps; expect to normalise towards the historical through-the-cycle 30-35bps guidance range • Overall high-risk assets1 down $1bn QoQ − ~$1.5bn drop in Early Alerts mainly due to a sovereign downgrade into Stage 3 − CG12 down ~$0.3bn due to upgrade of some corporate exposures − Stage 3 increase of ~$0.8bn largely due to a sovereign downgrade from Early Alerts portfolio Credit quality ($bn) 176 30 153 64 156 179 107 (4) (6)(56) (44) (46) 14 Q4’24 10 0 Q1’25 14 Q2’25 13 11 Q3’25 22 13 Q4’25 Central & Others Ventures WRB CIB 623 595 (19)(120) 73 FY’24 4 59 18 FY’25 Group total 557 676 130 219 117 195 145 1. High risk assets include exposures classified in Early Alerts Non-Purely Precautionary (NPP), Credit Grade 12 (CG12) and Net Stage 3
Page 13
CONFIDENTIAL Underlying growth in customer loans and deposits 13 Loans and advances (L&A) to customers1 ($bn) • FY’25 underlying loans and advances (L&A) up ~5% YoY − WRB increase driven by momentum in wealth lending and mortgages, offset by reduction in unsecured lending − CIB growth mainly from Global Banking • Q4’25 underlying L&A up ~1% QoQ • FY’25 underlying customer deposits up ~12% YoY − WRB growth driven by NNM campaigns targeting wealth- active clients, with growth across CASA and term deposits − CIB increase from Transaction Services CASA and term deposits • Q4’25 underlying customer deposits up ~1% QoQ 7 6 7 31.12.24 FX Treasury & Markets SBL Pro forma WRB CIB & others 31.12.25 281 (14) 274 287 +4.6% 8 32 26 31.12.24 FX Pro forma WRB CIB & others 31.12.25 464 472 530 +12.3% Customer deposits2 ($bn) 30.9.25 31.12.25 285 - (~1) 285 - 2 287 30.9.25 31.12.25 526 - 526 6 (2) 530 1. L&A to customers at amortised cost and excludes fair value through profit and loss | 2. Customer deposits at amortised cost, and excludes fair value through profit and loss, and repurchase agreements
Page 14
CONFIDENTIAL Robust capital position 14 Risk-weighted assets ($bn)• FY’25 RWA up 4% YoY, or 3% excluding FX impact − Annual operational risk RWA increase recognised in Q4’25 rather than Q1’26, as earlier guided − Resulting in two operational risk RWA increases in 2025 • Q4’25 RWA broadly flat QoQ; increase from credit and operational risk RWA offset by lower market risk RWA • CET1 ratio of 14.1% down 4bps QoQ − Profit accretion offset by dividend and AT1 • The $1.3bn buyback announced in Jul’25 already completed • Announcing a new share buyback of $1.5bn, which would take CET1 ratio to 13.5% pro forma CET1 ratio (%) 3.9 2.4 5.7 31.12.24 FX Credit risk Market risk Operational risk 31.12.25 247.1 (1.1) 258.0 +$11bn 0.2 0.0 PAT RWA FVOCI, FX & others1 AT1 / Dividend 31.12.25 Buyback Pro forma 14.2 (0.0) (0.2) 14.1 (0.6) 13.5 30.9.25 (4bps) 30.9.25 31.12.25 258.4 0.2 0.9 (4.1) 2.6 258.0 1. “Others” in CET1 include Expected Loss, other deductions and reserve movement
Page 15
CONFIDENTIAL • TNAV per share up 189 cents YoY• Ordinary DPS up 24 cents YoY • Ordinary shares down 7% YoY• FY’25 underlying EPS up 37% YoY Exceeded the shareholder distributions target 15 • ~$9.1bn shareholder distributions announced since Feb’24 − $6.8bn share buyback, including $1.5bn newly announced − ~$2.3bn ordinary dividends including; o ~$0.9bn 2024 full year dividend o ~$0.3bn 2025 interim, and final dividend of ~$1.1bn • FY’25 ordinary dividend per share increased 65% YoY 168.1 229.7 FY’24 FY’25 +37% Underlying EPS (cents) TNAV per share (cents) 31.12.24 31.12.25 1,541 1,730 +12% Ordinary share count1 (millions) 31.12.24 31.12.25 2,408 2,247 (7%) $899m $1,376m FY’24 FY’25 $2.5bn $2.8bn $1.5bn FY’24 FY’25 Feb’26 $6.8bn Buyback Ordinary dividends Shareholder distributions (since Feb’24) 37 61 FY’24 FY’25 +65% Dividend per share (cents) ~$2.3bn 1. Ordinary shares count here excludes shares held in employee benefit trust
Page 16
CONFIDENTIAL CIB: Double-digit growth in Global Banking and Global Markets 16 Global Markets: flow and episodic income ($m) • FY’25 Transaction Services income down 7% YoY at ccy, driven by lower Payments and Liquidity income due to rates impact • FY’25 Global Banking up 15% YoY at ccy, reflecting strong growth in origination and distribution, as well as supportive capital market conditions • FY’25 Global Markets income up 12% YoY at ccy, with double-digit growth in Flow income driven by increased client activity − FY’25 episodic income up 3% YoY − Lower episodic income in Q4 driven by timing of large client deals, and broad-based market movements across a range of asset classes which impacted inventory held for client activity CIB ($m) Q4’25 YoY ccy B/(W) FY’25 YoY ccy B/(W) Transaction Services 1,521 (9%) 6,005 (7%) Global Banking 545 7% 2,229 15% Global Markets 660 (15%) 3,863 12% Treasury & Other 115 n.m. 297 163% Operating income 2,841 (0%) 12,394 4% Operating expenses (1,771) 1% (6,509) (2%) Pre-provision operating profit 1,070 2% 5,885 6% Credit impairment 46 (18%) (4) (104%) Other impairment (2) 99% (6) 98% Underlying profit before tax 1,114 15% 5,875 9% YoY 619 777 775 728 676 154 406 397 120 Q4’24 Q1’25 Q2’25 Q3’25 (16) Q4’25 773 1,183 1,172 848 660 Flow Episodic 2,571 2,956 879 907 FY’24 FY’25 3,450 3,863 +15% +3%
Page 17
CONFIDENTIAL WRB: Consistent strong double-digit growth in Wealth Solutions 17 Affluent clients NNM and AUM ($bn) • Consistent double-digit growth in Wealth Solutions, with FY’25 income up 24% YoY driven by broad-based growth in Investment Products & Bancassurance • Deposits & Mortgages income impacted by rates headwind • NNM flows of $10bn in Q4’25; with FY’25 NNM of $52bn equivalent to 14% growth2 of AUM • Affluent AUM of $447bn up 22% YoY, with 54% proportion in Wealth AUM • 275k Affluent new-to-bank clients onboarded in 2025, consistently onboarding >60k clients per quarter 193 239 242 174 200 205 31.12.24 30.9.25 31.12.25 367 438 447 Assets under management (AUM)Net new money (NNM)1 2 4 8 6 Q4’24 Q4’25 10 10 Wealth Deposits WRB ($m) Q4’25 YoY ccy B/(W) FY’25 YoY ccy B/(W) Investment Products 553 22% 2,347 28% Bancassurance 124 13% 739 12% Wealth Solutions 677 20% 3,086 24% Deposits & Mortgages 1,050 (1%) 4,080 (2%) CCPL & Other Unsecured Lending 264 (2%) 1,080 0% Treasury & Other 59 (62%) 218 (23%) Operating income 2,050 0% 8,464 6% Operating expenses (1,341) (1%) (4,982) (5%) Pre-provision operating profit 709 (1%) 3,482 7% Credit impairment (156) 11% (595) 4% Other impairment 2 101% (4) 96% Underlying profit before tax 555 20% 2,883 14% 21 23 23 28 FY’24 FY’25 44 52 1. NNM at YTD constant currency FX rates | 2. FY’25 Affluent NNM divided by opening AUM of $367bn as of 31.12.24
Page 18
CONFIDENTIAL Upcoming changes to our financial disclosures 18 • Group and segment reporting will move from underlying to reported basis • FFG, restructuring & other items of $937m in 2025 will be allocated across income, cost and impairment; these will be reported above the line going forward − Material notable items (i.e., accounting volatility, transaction costs, and litigation settlement) will be disclosed where applicable • Changes to Ventures segment: − Digital Banks will now be reported within WRB segment − SCV will now be reported within the C&O segment Underlying/current view ($m) FY’25 Net interest income (NII) 11,185 Non-NII 9,709 Operating income 20,894 Operating expenses (12,347) Pre-provision operating profit 8,547 Credit impairment (676) Other impairment (42) Profit from associates and joint ventures 71 Underlying profit before tax 7,900 FFG, restructuring and other items (937) Reported profit before tax 6,963 Underlying RoTE 14.7% Reported/restated view ($m) FY’25 Net interest income (NII1) 11,184 Non-NII 9,758 Reported income2 20,942 Operating expenses3 (13,304) Pre-provision operating profit 7,638 Credit impairment (672) Other impairment (65) Profit from associates and joint ventures 62 Reported profit before tax 6,963 Statutory RoTE 11.9% FFG, restructuring & other items allocations: • +$48m to income • ($957m) to cost • +$4m to credit impairment • ($23m) to other impairment • ($9m) to associates 1. Net interest income adjusted for trading book funding cost, treasury currency management activities, and financial guarantee fees on interest earning assets | 2.. Income includes $113m of notable items relating to a property sale | 3. Costs include $158m relating to Korea ELS and a litigation settlement
Page 19
CONFIDENTIAL 19 Reported income growth YoY to be around the bottom end of 5-7% range1 Net interest income expected to be broadly flat YoY at ccy Statutory RoTE in 2026 of >12% Reported cost1 to be broadly flat YoY Forward-looking targets to be on a reported basis Income NII Cost RoTE 2026 guidance 1. At constant currency and excluding material notable items (income includes $113m relating to a property sale, costs include $158m relating to Korea ELS and a litigation settlement) • Forward FX rates as of 7 Feb 2026 implies additional ~$0.1bn of currency translation impact on 2025 income, ~$0.05bn impact on 2025 NII; additional currency translation impact of ~$0.13bn on cost • Base for 2025 income ex-notables and on forward FX is ~$20.9bn; base for 2025 cost ex-notables and on forward FX is ~$13.3bn Medium-term financial framework to be provided in May
Page 20
CONFIDENTIAL CEO update Bill Winters Group Chief Executive
Page 21
CONFIDENTIAL • Income contribution from FI clients up ~3%pts YoY; on an upward trajectory to our medium-term target of ~60% Serving the cross-border needs of our clients in CIB 21 • FY’25 network income of $7.6bn up 4% YoY or 11% excluding rates impact • Continued to capture shifts in global supply chains across our corridors − China is re-routing trade flows, and our network is capturing the upside, with China to ASEAN up 20% YoY; China to Africa up 25% − Intra-regional trade and investment flows benefiting Global Banking and Global Markets, with intra-AME network income up 19% Leveraging our network to capture client opportunities… • Exited >3k clients in line with our plan to sharpen focus on larger cross- border clients … whilst focusing resources on larger top clients FY’24 FY’25 Medium-term target ~51% ~54% ~60% … and growing share of income from Financial Institution clients 30.9.24 Clients exited 31.12.25 Cash TradeSecurities Services & others Global Markets Global Banking $7.6bn # of client groups FI as a % of CIB income
Page 22
CONFIDENTIAL Helping our Affluent clients manage wealth across geographies 22 • Delivered $52bn of Affluent NNM1 in 2025; 61% from international clients − FY’25 NNM is equivalent to 14% growth of AUM Our Affluent business yielding results as we continue to investStrong delivery of Affluent net new money (NNM) • Affluent income now 70% of WRB income in 2025, up ~4%pts YoY • Consistently delivered strong double-digit YoY growth in Wealth Solutions income FY’23 FY’24 FY’25 Affluent as a % of WRB income Affluent income ($bn) 118 193 242 155 174 205 2023 2024 2025 272 367 447 11% 16% 14% Deposits AUM Wealth AUM 64% 66% 70% Medium-term target 75% AUM ($bn) …with NNM contributing significantly to AUM growth 61%International Domestic NNM as a growth of AUM2 $52bn 1. NNM at YTD constant currency FX rates | 2. Full year Affluent NNM divided by opening AUM, i.e. FY’25 NNM divided by AUM of $367bn as of 31.12.24
Page 23
CONFIDENTIAL Customer numbers up 15% in 2025, reaching ~750k customers Mox banks >10% of Hong Kong’s bankable population Innovating in our Ventures business 23 SC Ventures (SCV)Digital Banks Customer numbers in 2025 up 15% YoY reaching over 1m customers Trust’s share of adult population in Singapore now >20% SCV maintained positive momentum, including FVOCI RoTE benefit of ~70bps in 2025 largely from Ripple and Toss Successful exits or deconsolidation events in 2025, including stakes in Solv India, Ripple (partial) and Hidden Road Zodia Markets successfully raised $18.3m in 2025 in a Series A funding round Libeara supported over $1bn of on-chain real world assets on their tokenisation platform The digital banks to be reported within WRB going forward SCV to be reported within C&O going forward
Page 24
CONFIDENTIAL Delivering on our sustainable finance and net zero commitments 24 • Surpassed the $1bn Sustainable Finance (SF) income target − FY’25 SF income of ~$1.1bn, up 9% YoY • Already mobilised ~$157bn1 of sustainable finance since the start of 2021 − Well on track to our $300bn target by 2030 $157bn Delivering on our net zero commitments Scope 1 Scope 2 Became net zero in our own operations during 2025 including emissions from: in scope sectors covering high-emitting sectors, including oil & gas12 Good progress towards our interim 2030 financed and facilitated emissions targets $300bn (2030 target) Other key highlights • Signed an exclusive 5-year mandate with the Brazilian State of Acre2 to sell high-integrity forest protection carbon credits • Closed a $200m Outcome bond3, the 1st with returns linked to carbon credits • Won the Strategic Leadership Award4 from Climate Resilience Awards for Business • Ranked first in the Global Bank Climate Adaptation Assessment 2025, ranking the world’s 50 largest commercial banks on their adaptation maturity • Maintained or improved on our priority ESG Ratings, including an "A" rating from CDP5 Sustainable finance mobilised since 1.1.211 Remainder through 2030 1. Figures reflect cumulative sustainable finance mobilised since January 2021 up to September 2025 | 2. https://www.sc.com/en/press-release/standard-chartered-and-brazilian-state-of-acre-to-bring-high-integrity-carbon-credits- to-market-to-support-forest-conservation/ | 3. https://www.sc.com/en/press-release/standard-chartered-closes-usd200-million-clean-cooking-outcome-bond-to-unlock-usd30-5-million-for-projects-in-ghana/ | 4. WBCSD and GRP Climate Resilience Awards – showcasing real and cross-cutting solutions alongside COP30 Belem | WBCSD | 5. Carbon Disclosure Project
Page 25
CONFIDENTIAL In conclusion 25 Q1’26 has started strongly across CIB and WRB Our 2025 performance demonstrated the ongoing success of our strategy and the resilience of our growth engines Over $9bn shareholder distributions announced since Feb’24, including the $1.5bn share buyback announced today Targeting a statutory RoTE of >12% in 2026; medium-term financial framework to be provided in May
Page 26
CONFIDENTIAL 26 Appendices
Page 27
CONFIDENTIAL Tangible net asset value (TNAV) movements 27 Tangible equity ($m) TNAV per share (cents) Basic # of ordinary shares (m) As of 30.9.25 38,611 1,684 2,293 Profit attributable to ordinary shareholders 476 21 Movement in intangible assets (86) (4) Dividends paid to: Ordinary shareholders - - Other equity holders (11) (0) Share buyback - 23 (31) FX 140 6 Own credit adjustment (54) (2) Fair value movements through other comprehensive income 162 7 Cashflow hedge reserve (46) (2) Group’s employee share schemes (366) (16) Others 42 14 (15) As of 31.12.25 38,868 1,730 2,247 TNAV per share QoQ +46 cents TNAV per share YoY +189 cents
Page 28
CONFIDENTIAL Product income 28 $m Q4’25 YoY B/(W) YoY ccy B/(W) FY’25 YoY B/(W) YoY ccy B/(W) Transaction Services 1,521 (9%) 6,005 (7%) Payments & Liquidity 1,065 (11%) 4,155 (10%) Securities & Prime Services 173 9% 648 7% Trade & Working Capital 283 (10%) 1,202 (1%) Global Banking 545 7% 2,229 15% Lending & Financial Solutions 481 9% 1,905 13% Capital Markets & Advisory 64 (5%) 324 26% Global Markets 660 (15%) 3,863 12% Macro Trading 499 (24%) 3,116 9% Credit Trading 138 0% 753 17% Valuation & Other Adj. 23 n.m. (6) 87% Wealth Solutions 677 20% 3,086 24% Investment Products 553 22% 2,347 28% Bancassurance 124 13% 739 12% Deposits & Mortgages 1,050 (1%) 4,080 (2%) CCPL & Other Unsecured Lending 264 (2%) 1,080 0% Ventures 56 (8%) 415 125% Digital Banks 58 39% 195 36% SCV (2) (111%) 220 n.m. Treasury & Other 75 n.m. 136 n.m. Operating income 4,848 (0%) 20,894 6% (145) (128) 12 (29) 45 47 (2) (113) (155) 42 115 101 14 (8) (6) (4) 17 (21) 130 0 (429) (450) 37 (16) 294 228 66 413 264 109 40 596 520 76 (90) 232 53 179 183 (1)
Page 29
CONFIDENTIAL Consistent flow income growth; episodic income range-bound 29 Global Markets: Flow and episodic last 12-month rolling income1 ($bn) Q4’19 Q1’20 Q2’20 Q3’20 Q4’20 Q1’21 Q2’21 Q3’21 Q4’21 Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 0.7 1.01.0 0.7 1.1 1.1 0.7 0.8 1.2 0.7 0.7 0.9 1.0 1.1 1.0 1.1 0.9 0.7 0.8 0.7 0.9 0.9 0.91.1 1.1 1.81.6 1.71.7 2.3 1.7 1.7 1.8 2.9 1.8 1.9 1.9 2.1 2.1 3.0 2.32.2 2.3 2.3 2.3 2.4 2.5 2.6 2.7 2.8 Episodic Flow 1. Numbers represent flow and episodic income summed over the preceding 4 quarters
Page 30
CONFIDENTIAL Interest rate assumptions 30 Currency-weighted average1 (bps) 389 332 313 335 310 303 293 286 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Average as of 15.10.25 Average as of 6.2.26 bps 15.10.25 Change 6.2.26 Change FY’24 441 441 FY’25 340 (101) 342 (98) FY’26 285 (55) 298 (44) 39% 20% 7% 5% 8% 3% 6% 7% 2% 2% USD HKD SGD INR GBP CNY TWD EUR MYR KRW Dec’25 top 10 currency weightings 1. Average rate change implied by market forward rates across 10 currencies, weighted based on the Group’s average proforma interest rate sensitivity to each currency over the quarter Breakdown of pie charts might not add to 100% due to rounding
Page 31
INTERNAL • FY’25 NII sensitivity increased due to balance sheet growth and HKD rate movements partially offset by an increase in structural hedging • Changes in deposit volumes and PTRs at different points through the interest rate cycle may impact sensitivity in the future Hedging strategy reducing NII volatility 31 • Overall duration strategy includes: − Treasury structural hedge positions of swaps and HTC securities ($87bn) − Portfolio of client fixed rate mortgage assets ($22bn) − Dynamic management of FVOCI securities adds duration • Hedge will increase in 2026 but not necessarily at the same pace as 2025, with new hedges subject to market conditions and capacity constraints (1,540) (550) (620) Annualised impact to banking book NII from instantaneous -100bps parallel shift in interest rates across all currencies ($m) Notional ($bn) 19 64 87 16 22 31.12.21 31.12.24 31.12.25 80 109 WAM (years) 4.4 3.01 2.51 Yield 1.1% 3.5%1 3.4%1 Client assets Structural hedge Hedge evolution Interest rate risk in the banking book (IRRBB) FY’21 FY’24 FY’25 USD bloc HKD bloc Others 1. WAM (Weighted average maturity) and Yield data only applies to structural hedge component
Page 32
CONFIDENTIAL Stronger risk foundations supporting resilient performance 32 • Key portfolio indicators improved since FY’14 reflecting: − Portfolio diversity, lower concentrations, proactive management − CIB focus on top-tier clients, WRB focus on Affluent & lower CCPL • HK CRE exposures $1.5bn, down $0.3bn QoQ due to repayments − 86% secured1 with average LTV1 below 50% − 94% performing2, no change to stage 3 exposures QoQ − $47m overlay, down $13m QoQ in large part due to repayments • China CRE exposures $0.8bn, down 80% since 31.12.21 − $0.4bn in stage 32 with 67% cover ratio, 82% including collateral − $36m of management overlay retained against performing book • Private credit exposures3 below $3.5bn, <0.5% of total Group exposure − Subject to same stringent underwriting standards as any other credit − Regular portfolio reviews with no material issues observed • Lower cover ratio due to restructuring of fully provided China CRE exposures & a sovereign downgrade with strong credit mitigants in place Risk indicators FY’14 (IAS 39) FY’25 (IFRS 9) Total cover ratio (excl./incl. collateral)7 52% / 62% 52% / 68% Loan-to-value of mortgage portfolio 49% 48% Affluent income8 % of WRB 44% 70% 72 19 42% 74% 83% 64% 20% 40% 60% 80% 100% 0 50 100 150 200 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Loan loss rate Investment grade as % of corporate exposure, RHS Top 20 corporates as % of Tier 1 capital, RHS 30-35bps historic through the cycle loan loss rate guidance 4 5 bps 6 1. Based on November 2025 data | 2. Only includes loans to customers | 3. Includes off-balance sheet items | 4. Loan loss rate includes management overlay, mostly arising from COVID-19, contributing 11bps in FY’20 | 5. Credit impairment under IFRS 9, effective from 1 January 2018, covers a broader asset base than loan impairment under IAS 39. Loan loss rates between 2014 and 2017 were prepared on an IAS 39 basis | 6. Excludes reverse repurchase agreements from 2022 | 7. FY’14 includes both individual and portfolio impairment provisions. FY’25 includes Stage 3 provisions. Following adoption of IFRS9, the definition of nonperforming loans and Stage 3 loans has been aligned | 8. Affluent income is that generated from Private Banking, Priority and Premium clients WRB. FY’14 affluent segment contribution to Retail Banking income is based on client income.
Page 33
CONFIDENTIAL 59% 41% 2% (2%) Strong underlying performance founded on a diverse franchise 33 FY’25 income by product and segment1 26% 15% 8%7% 6% 6% 5% 5% 3% 20% Hong Kong Singapore UK India US UAE China South Korea Taiwan Others 29% 11% 18% 15% 20% 5% 2% 1% Transaction Services Global Banking Global Markets Wealth Solutions Deposits & Mortgages CCPL & Other Unsecured Lending Ventures Treasury & Other FY’25 income split1 FY’25 income by geography1 CIB WRB Ventures C&O $20.9bn 54% 46% NII Non-NII $20.9bn $20.9bn Outer circle: Inner circle: 54 Markets $20.9bn Operating income (FY’24: $19.7bn) $7.9bn Profit before tax (FY’24: $6.8bn) 59% Cost-to-income ratio (FY’24: 60%) 14.7% Return on tangible equity (FY’24: 11.7%) 1. Breakdown of pie charts might not add to 100% due to rounding
Page 34
CONFIDENTIAL Strong foundations from a diversified balance sheet 34 1. Point in time | 2. Average of four preceding quarters | 3. Breakdown of pie charts might not add to 100% due to rounding Total assets by market3 14.1% CET1% min. requirement: 10.3% 33.5% MREL% min. requirement: 28.4% 4.7% Leverage ratio min. requirement: 3.7% 155% LCR1 min. requirement: 100% 139% NSFR2 min. requirement: 100% 51% Advances-to- deposits ratio 63% 21% 6% 6% 3% 26% 24% 13% 7% 6% 5% 10% 4% 2% 2% UK Hong Kong Singapore US South Korea China India UAE Taiwan Other 34% 26% 16% 24% Hong Kong Singapore Korea Other 24% 14% 13%12% 10% 9% 5% 6% 4% 3% Financing, insurance & non-banking Manufacturing Transport, telecom & utilities Government Commercial real estate Energy Food & household products Consumer durables Mining & quarrying Other Mortgage Secured wealth products Personal loans & other unsecured lending Credit Cards Other L&A by industry: CIB and C&O3 L&A: WRB & Ventures3 Inner circle: by market Outer circle: by product $157bn$920bn $130bn
Page 35
CONFIDENTIAL Reverse repos & other assets4 195 Derivatives 66 L&A to banks5 40 L&A to customers5,6 270 Investment securities FVTPL 96 Cash6 86 Investment securities FVOCI 110 Investment securities HTC3 57 Treasury Liquidity Pool Balance sheet is conservatively positioned 35 • Highly liquid and flexible balance sheet − ~60% of total assets mature in under 1 year − High-quality liquidity pool1 ~30% assets or ~50% customer accounts − Investment securities portfolio is marketable, repo-eligible and liquid • Balance sheet movements driven by increased client-driven flow • Stable funding2 ~75% of total liabilities and equity • $57bn HTC3 securities − ~70% Treasury duration hedges, close to 100% HQLA and repo eligible − Remainder mostly for CIB client relationship purposes with no rate risk Total equity & liabilities $920bn Total assets $920bn Since 30.9.25 Δ 1% Balance sheet Repos & other liabilities7 138 Derivatives 68 Bank deposits 31 Customer accounts 530 Long-term debt8 98 Equity9 55 4% 16% (4)% 0% (3)% (10)% 3% 3% (6)% 16% 3% 1% (0)% 3% Since 30.9.25 Δ 1% 1. High-quality liquidity pool of $258bn, divided by total assets of $920bn or customer accounts of $530bn | 2. Sum of Equity, Long-term debt and customer accounts, divided by total liabilities and equity of $920bn | 3. Held to Collect or Held to Maturity | 4. Includes loans & advances to banks ($3.0bn) and customers ($12.4bn) held at FVTPL | 5. Excludes reverse repurchase agreement and other similar secured lending | 6. Cash includes $8.5bn as of 31.12.25 held with central banks, that has been confirmed as repayable at the point of stress, which is accounted for as L&A to customers at Group but Cash in the local entity’s financial statements disclosure | 7. Includes bank deposits ($2.3bn) and customer accounts ($19.4bn) held at FVTPL | 8. Includes debt securities in issues held at amortised cost and FVTPL and subordinated liabilities and other borrowed funds | 9. Includes NCI ($0.5bn) and other equity instruments ($7.5bn)
Page 36
CONFIDENTIAL Strong and diverse deposit base; franchise delivers deposit quality 36 • Well-diversified deposit base across 54 markets − In Hong Kong & Singapore, we are a Domestic SIB1 • 52% CIB deposits, of which 43% in operational accounts (OPAC) − Leading Transaction Services franchise supports OPAC and USD access − #6 largest global USD clearer2 − Deposits diversified across industry and market • 47% WRB deposits, of which 51% in CASA balances, 49% in retail TDs − No material deposit concentration in Private and Business Banking − Strong retail presence across Asia, Africa and the Middle East Customer deposits by market4 34% 19%10% 6% 6% 4% 12% 3% 3% 3% Hong Kong Singapore UK South Korea China US Taiwan UAE India Other Customer deposits by segment4Long term stable deposit growth at since 2008 52%47% 2%CIB WRB Others Non- OPAC 57% OPAC 43% CASA 51% TD 49% $530bn $530bn $229bn3 31.12.08 31.12.11 31.12.14 31.12.17 31.12.20 31.12.23 $530bn 31.12.25 Global financial crisis European debt crisis Managed de-risking Covid-19 pandemic 1. Systemically Important Bank | 2. Source: The Clearing House | 3. Customer accounts as at 31.12.08 to 31.12.10 were recorded net | 4. Customer deposits at amortised cost, and excludes fair value through profit and loss, and repurchase agreements. Breakdown of pie charts might not add to 100% due to rounding
Page 37
CONFIDENTIAL Deposit mix stable with PTRs managed assertively 37 • CASA/TD mix for both CIB and WRB have been broadly stable QoQ − Temporary reduction in CIB deposits on the back of year-end client activity − WRB growth largely in USD, driven by Affluent clients • Continued focus on gathering high-quality deposits − CIB mix expected to be broadly stable − Stable WRB mix expected: TDs good liquidity with cross-sell potential • PTRs assertively managed, expected to be within target ranges through the cycle − 60-75%1 for CIB and 35-50%2 for WRB in the medium-term − PTRs are subject to the broader balance sheet strategy, competitor dynamics and the path of the rate cuts across our currencies − Every 1% PTR shift has a ~$30m annualised impact on NII Transaction Services CASA% of CIB deposits3 ($bn) Top 4 markets5 CASA% of WRB deposits ($bn) 88 87 97 98 98 78 82 88 91 95 31.12.24 31.3.25 30.6.25 30.9.25 31.12.25 TD CASA 166 169 185 189 193 53% 51% 52% 52% 51% CASA % 187 200 212 211 205 104 115 118 118 117 31.12.24 31.3.25 30.6.25 30.9.25 31.12.25 TD & Others4 CASA 291 315 330 329 322 62% 64% 64% 64% 64% CASA % 1. CIB Transaction Services (USD) passthroughs and CASA balances excludes Securities Services and only reflect Payments and Liquidity Services | 2. WRB CASA passthroughs only includes top 3 markets: Hong Kong, Singapore and Korea. Taiwan has been excluded as rate cuts are not expected in 2026. | 3. Includes deposits from Financial Institutions | 4. Includes Securities Services deposits, structured deposits and structured notes | 5. Top 4 markets contribute ~80% of total WRB CASA and TDs: Hong Kong, Singapore, Korea and Taiwan
Page 38
CONFIDENTIAL High levels of liquid resources and stable funding 38 • 155%1 LCR up 4%pts QoQ, driven by short-dated flows and collateral management • Comfortable to run LCR efficiently without relying on seasonal flows; optimising funding costs while remaining highly liquid • Group total liquidity pool of $258bn not fully reflected in LCR − $195bn HQLA: 98% in Level 1 assets − $63bn of other additional liquid resources: o $44bn country surplus HQLA and liquidity reserves o $9bn <1-month investments o $10bn local statutory reserves • 139% NSFR2 stable QoQ; up 4%pts YoY with improved deposit mix and term funding Components of Liquidity coverage ratio (LCR)1 Components of Net stable funding ratio (NSFR)2 Other liquid resources 59 $309bn $418bn 135% 31.12.24 $324bn $451bn 139% 30.9.25 $335bn $464bn 139% 31.12.25 Required stable funding Available stable funding NSFR $123bn $170bn of which $76bn is Cash 138% 31.12.24 $122bn $185bn of which $88bn is Cash 151% 30.9.25 $125bn $195bn of which $78bn is Cash 155% 31.12.25 Net cash outflows1,3 High quality liquid assets1 LCR1 Other liquid resources: $54bn Other liquid resources: $77bn Other liquid resources: $63bn 1. Point in time | 2. Average of four preceding quarters | 3. Expected net cash outflows under stressed conditions over the following 30 days
Page 39
CONFIDENTIAL Capital & MREL: Well-positioned for future growth and requirements 39 • Minimum CET1 requirement broadly unchanged QoQ at 10.3% − Pillar 2A reduction of 22bps in Q3’25 • CET1 capacity to support both growth and shareholder distributions • Basel 3.1 day-1 RWA impact expected to be close to neutral • Leverage ratio of 4.7%: well above the 3.7% minimum requirement • MREL 33.5%: meeting requirements with a buffer of ~510bps • Internal MREL − Required for Group’s five material subsidiaries − Scaled in 75-90% range per the FSB TLAC term sheet3 − Sum of internal MREL < the Group’s external MREL • Internal Instruments: AT1, Tier 2 and Senior Non-Preferred Capital metrics Internal MREL excluding CET1 met via internal issuance KR ($0.9bn) CN ($0.9bn) SG ($4.0bn) SC PLC ($53.8bn) UK ($22.9bn) Material Subs External MREL4 HK ($9.1bn) Internal MREL4: $37.8bn 4.5% 31.12.25 MDA1 10.3% CCB CCyB G-SII Pillar 2A Pillar 1 31.12.24 30.9.25 31.12.25 14.2% 34.2% 14.2% 34.1% 14.1% 33.5% CET1 MREL based on RWA (Min req2: 28.4%) Leverage ratio (Min req: 3.7%) 1.0% 2.5% 0.38% 1.9% PLC Senior 12.6% Tier 2 3.9% AT1 2.9% 4.8% 4.6% 4.7% 1. Absolute buffers are as at 31.12.25. The MDA thresholds assume that the maximum 2.1% of the Pillar 1 and Pillar 2A requirement has been met with AT1 | 2. The current MREL requirement is higher of 2 x (Pillar 1 + 2A), 18% of Total RWA, 6.75% of leverage exposures or 2 x leverage ratio requirement. As at 31.12.25, the binding MREL requirement was 6.75% of leverage exposure | 3. Financial Stability Board’s (FSB) “Principles on Loss-absorbing and Re-capitalisation Capacity of G-SIBs in Resolution” Total Loss-absorbing Capacity (TLAC) Term Sheet: https://www.fsb.org/wp-content/uploads/TLAC-Principles-and-Term-Sheet-for-publication-final.pdf. | 4. MREL excluding CET1. MREL calculated using nominal amount converted at 31.12.25 FX rates. Includes securities issued and called to date in Q1’26. Excludes stock with tenor less than a 1 year. For illustrative purposes only
Page 40
CONFIDENTIAL Good progress on delivery of funding programme 40 • 2026 MREL issuance plan of around $9bn with focus on Holdco Senior − Issued >$4bn YTD’26, comprising $3.7bn Holdco senior and $0.6bn AT1 − ~$5bn of issuance to complete 2026 plan with potential for prefunding • Forecast issuance volumes dependent on balance sheet momentum • SCB (Opco) issuance supports funding diversity & duration extension − Maintain $5-7bn of MTNs including New York and Australian branch issuance − SCB Singapore’s $5bn covered bond programme provides further diversity Maturity & Call schedule of existing stock ($bn)1,2 Existing stock by currency mix ($bn)1,3 8.0 3.7 2.0 4.8 2025 0.6 2026 10.0 ~9.0 AT1 USD 1.0bn PNC7 USD 1.0bn PNC10 SGD 0.75bn PNC5.5 Senior USD 8.8bn across tenors EUR 2.0bn 8NC7 HKD 2.75bn 4NC3 CNY 0.9bn 5NC3+1 Planned issuance AT1 Senior Recent & indicative MREL Issuance ($bn)1 2025 & 2026 YTD issuance 2.5 4.1 5.8 4.0 5.0 4.9 1.2 2.0 1.3 1.3 1.5 1.0 2026 Matured 2026 Remaining 2027 0.5 2028 0.6 2029 2030 5.3 9.0 6.0 5.6 7.2AT1 Tier 2 Senior 76% 13% 11% Tier 2 $8.9bn 75% 20% 3% 2% Total MREL excluding CET1: $53.8bn Senior $36.7bn USD EUR GBP Other 86% 14% AT1 $8.2bn 1. Standard Chartered PLC’s stock calculated using nominal amount converted at 31.12.25 FX rates. Includes securities issued and called to date in 1Q’26 | 2. Modelled on earlier of call date or maturity date for illustrative purposes only | 3. Excludes stock with tenor less than a 1-year
Page 41
CONFIDENTIAL Group strategy to support and, over time, improve credit ratings 41 • Well-rated with strong credit fundamentals, absolutely & relative to peers − Well-established network is a strength − Funding and liquidity are key strengths • Group is well positioned to face an uncertain environment: − Diverse footprint capturing accelerating trade shifts − Strong risk foundation with an agile balance sheet • Improved profitability & risk management have mostly led to positive rating actions: − 2025: Moody’s outlook revised back to stable solely due to methodology change − 2024: Moody’s outlook to positive − 2024: Fitch’s asset quality & earnings drivers were upgraded for Group − 2023: S&P upgraded SCB SL’s standalone rating to a- from bbb+ − 2022: Fitch revised Group rating outlook to stable from negative − 2021: S&P upgrade SC Bank to A+ from A • Moody’s SCB HK outlook to stable from negative following similar action on HK Senior long-term and short-term ratings S&P Moody’s Fitch Standard Chartered Bank A+ A-1 Stable A1 P-1 Stable A+ F1 Stable Standard Chartered PLC BBB+ Stable A3 Stable A Stable Tier 2 BBB Baa2 BBB+ AT1 BB+ Ba1 BBB- Standard Chartered Bank (Hong Kong) (SCB HK) A+ A-1 Stable A1 P-1 Stable Not rated Standard Chartered Bank (Singapore) (SCB SL) A+ A-1 Stable A1 P-1 Stable A+ F1+ Stable Outlook revised on 28.5.25 Outlook revised on 24.11.25 Upgraded on 21.11.25 on revised analytical expectations
Page 42
CONFIDENTIAL Standard Chartered Group: simplified legal structure 42 Principal Subsidiaries China A+/-/A3 Nigeria B-5/-/- 100% Germany A+/A11/A+ Taiwan A/-/- Korea A+4/A21/A+ Malaysia -/Baa11/- Thailand -/Baa11/A- Vietnam -/-/BB+ Principal Subsidiaries Standard Chartered Bank A+/A11/A+ Principal Branches India UAE South Africa Japan UK Indonesia US Singapore A+/A1/A+ Standard Chartered PLC BBB+/A31/A (S&P/Moody’s/Fitch) Covered bonds MREL: Holdco Senior, Tier 1 & AT1 Equity CP / CDs Medium Term Notes Structured Products 99.87% 100% 100% 100% Standard Chartered Bank (Hong Kong) A+/A12/- 100% 100% 100% 1. Outlook revised to stable on 24.11.25, primarily due to methodology change (25.11.25 for Standard Chartered Bank Malaysia Berhad and Standard Chartered Bank (Thai) Public Co Ltd and 26.11.25 for Standard Chartered Bank Korea Limited) | 2. Outlook revised to stable on 28.5.25, following a similar rating action taken on the Hong Kong government rating | 3. Downgraded to A from A+ on 8.4.25, following a similar rating action taken on the China sovereign rating | 4. Upgraded to A+ from A due to increased importance to the Group on 14.11.24 | 5. Outlook revised to positive on 20.11.25, following similar action taken on the Nigeria sovereign rating
Page 43
CONFIDENTIAL Select technical and abbreviated terms (1/2) 43 Term Definition Adj. Adjustments AIEA Average interest earning assets ASEAN Association of Southeast Asian Nations AME Africa and the Middle East AT1 Additional Tier 1 AUD Australian Dollars AUM Assets under management B/(W) Better/(Worse) bn billion bps basis points C&O Central & Others CAGR Compound annual growth rate CASA Current accounts and savings accounts CIB The Group's Corporate & Investment Banking client segment CCPL Credit Cards and Personal Loans ccy Constant currency. A performance measure on a constant currency basis is presented such that comparative periods are adjusted for the current year’s functional currency rate CET1 Common Equity Tier 1. A measure of CET1 capital as a percentage of RWA CG Credit grade. Credit grades are indicators of likelihood of default. Credit grades 1 to 12 are assigned to performing customers, while credit grades 13 and 14 are assigned to non-performing or defaulted customers CPI Consumer prices index CRE Commercial real estate CTA Cost to achieve Term Definition DPS Dividend per share DVA Debit valuation adjustment: the Group calculates DVA on its derivative liabilities to reflect changes in its own credit standing EA (NPP) Early alerts (non-purely precautionary) A borrower’s account which exhibits risks or potential weaknesses of a material nature requiring closer monitoring, supervision, or attention by management. If the symptoms present an imminent credit concern, an account will be considered for classification as non-purely precautionary ELS Equity-linked securities ESG Environmental, Social and Governance EPS Earnings per share EUR Euro FFG Fit for Growth FI Financial Institutions FVOCI Fair value through other comprehensive income FVTPL Fair value through profit or loss FX Foreign exchange FY Full year GSIB Global systemically important bank HIBOR Hong Kong interbank offered rate HKD Hong Kong Dollars HQLA High-quality liquid assets HTC/HTM Held to collect/Held to maturity L&A Loans and advances LCR Liquidity coverage ratio Loan loss rate Credit Impairment Profit & Loss on Loans & Advances to Banks & Customers over Average Loans and Advances to Banks and Customers LTV Loan-to-value
Page 44
CONFIDENTIAL Select technical and abbreviated terms (2/2) 44 Term Definition MDA Maximum distributable amount min. Minimum MREL Minimum requirement for own funds and eligible liabilities MTNs Medium-term notes n.m. Not meaningful NCI Non-controlling interests Net nominal The aggregate of loans and advances to customers/loans and advances to banks, restricted balances with central banks, derivatives (net of master netting agreements), investment debt and equity securities, and letters of credit and guarantees NII Net interest income NIM Net interest margin NNM Net new money. This represents fresh inflow into affluent client deposits and investment assets (including dividends and interest) minus any outflows in these asset classes for the reporting period. Impact due to market movements or currency fluctuations is excluded from NNM computation NNS Net new sales NSFR Net stable funding ratio NTB New-to-bank PAT Profit after tax PBT Profit before tax PRA Prudential Regulation Authority PTR Passthrough rates Term Definition QoQ Quarter-on-quarter RWA Risk-weighted assets. A measure of a bank’s assets adjusted for their associated risks, expressed as a percentage of an exposure value in accordance with the applicable standardised or IRB approach provisions SBL Securities based lending SCV SC Ventures TD Term/Time deposits TNAV Tangible net asset value Underlying RoTE Return on tangible equity. The ratio of the current year’s underlying profit attributable to ordinary shareholders plus fair value on OCI equity movement relating to Ventures segment to the weighted average tangible equity, being ordinary shareholders’ equity less the intangible assets for the reporting period USD United States Dollar Ventures SC Ventures + Mox + Trust WRB The Group’s Wealth & Retail Banking client segment YoY Year-on-year. YoY variance is better/(worse) other than assets and liabilities which is increase/(decrease) YTD Year-to-date %pts Percentage points
Page 45
CONFIDENTIAL Important notice 45 Forward-looking statements The information included in this document may contain ‘forward-looking statements’ based upon current expectations or beliefs as well as statements formulated with assumptions about future events. Forward-looking statements include, without limitation, projections, estimates, commitments, plans, approaches, ambitions and targets (including, without limitation, ESG commitments, ambitions and targets). Forward-looking statements often use words such as ‘may’, ‘could’, ‘will’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘plan’, ‘seek’, ‘aim’, ‘continue’ or other words of similar meaning to any of the foregoing. Forward-looking statements may also (or additionally) be identified by the fact that they do not relate only to historical or current facts. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties and other factors that could cause actual results, and the Group’s plans and objectives, to differ materially from those expressed or implied in the forward-looking statements. Readers should not place reliance on, and are cautioned about relying on, any forward-looking statements. There are several factors which could cause the Group’s actual results and its plans and objectives to differ materially from those expressed or implied in forward-looking statements. The factors include (but are not limited to): changes in global, political, economic, business, competitive and market forces or conditions, or in future exchange and interest rates; changes in environmental, geopolitical, social or physical risks; legal, regulatory and policy developments, including regulatory measures addressing climate change and broader sustainability-related issues; the development of standards and interpretations, including evolving requirements and practices in ESG reporting; the ability of the Group, together with governments and other stakeholders to measure, manage, and mitigate the impacts of climate change and broader sustainability-related issues effectively; risks arising out of health crises and pandemics; risks of cyber-attacks, data, information or security breaches or technology failures involving the Group; changes in tax rates or policy; future business combinations or dispositions; and other factors specific to the Group, including those identified in Standard Chartered PLC’s Annual Report and the financial statements of the Group. To the extent that any forward-looking statements contained in this document are based on past or current trends and/or activities of the Group, they should not be taken as a representation that such trends or activities will continue in the future. No statement in this document is intended to be, nor should be interpreted as, a profit forecast or to imply that the earnings of the Group for the current year or future years will necessarily match or exceed the historical or published earnings of the Group. Each forward-looking statement speaks only as of the date that it is made. Except as required by any applicable laws or regulations, the Group expressly disclaims any obligation to revise or update any forward-looking statement contained within this document, regardless of whether those statements are affected as a result of new information, future events or otherwise. Please refer to Standard Chartered PLC’s Annual Report and the financial statements of the Group for a discussion of certain of the risks and factors that could adversely impact the Group’s actual results, and cause its plans and objectives, to differ materially from those expressed or implied in any forward-looking statements. Non-IFRS performance measures and alternative performance measures The Group financial statements have been prepared in accordance with UK-adopted international accounting standards and International Financial Reporting Standards (IFRS) as adopted by the European Union. Standard Chartered PLC’s financial statements have been prepared in accordance with UK-adopted international accounting standards (IAS) as applied in conformity with section 408 of the Companies Act 2006. This document may contain financial measures and ratios not specifically defined under IFRS or IAS and/or alternative performance measures as defined in the European Securities and Market Authority guidelines. Such measures may exclude certain items which management believes are not representative of the underlying performance of the business and which distort period-on-period comparison. These measures are not a substitute for IAS or IFRS measures and are based on a number of assumptions that are subject to uncertainties and change. Please refer to the Annual Report and the financial statements of the Group for further information, including reconciliations between the underlying and reported measures. Financial instruments Nothing in this document shall constitute, in any jurisdiction, an offer or solicitation to sell or purchase any securities or other financial instruments, nor shall it constitute a recommendation or advice in respect of any securities or other financial instruments or any other matter.