2Q13 Presentation Slides

First-half earnings at record
DBS Group Holdings

2Q 2013 financial results
August 1, 2013
Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or
distributed to parties outside the presentation. DBS Bank accepts no liability whatsoever with respect to the use of this document or its contents.
Broad-based growth as total income reaches new high
Hong Kong earnings at a record
Balance sheet remains robust
1H earnings at record
Net interest income

Fee income
Trading income
Other income
Non-interest income
1H
2013
2,709
984
744
189
1,917
1H
2012
2,660
785
425
231
1,441
YoY
%
2
25
75
(18)
33
2H
2012
2,625
794
264
280
1,338
HoH
%
3
24
>100
(33)
43
Total income
4,626
4,101
13
3,963
17
Staff expenses
1,027
951
937
10
912
819
11
907
Expenses
1,939
1,770
10
1,844
Profit before allowances
2,687
2,331
15
2,119
27
General allowances
223
149
50
62
>100
Specific allowances
245
99
>100
107
>100
Allowances
468
248
89
169
>100
1,837
1,743
1,616
14
(S$m)
Other expenses
Net profit
2Q profit up 10% on year as total income rises 19%
Net interest income

Fee income
Trading income
Other income
Non-interest income
2Q
2013
1,382
477
336
114
927
2Q
2012
1,324
379
133
109
621
YoY
%
4
26
>100
5
49
1Q
2013
1,327
507
408
75
990
QoQ
%
4
(6)
(18)
52
(6)
Total income
2,309
1,945
19
2,317
(0)
Staff expenses
521
466
12
506
Other expenses
466
406
15
446
Expenses
987
872
13
952
1,322
1,073
23
1,365
(3)
General allowances
113
64
77
110
Specific allowances
132
40
>100
113
17
Allowances
245
104
>100
223
10
Net profit
887
810
10
950
(7)
(S$m)
1H ROE at 11.6%
2Q
2013
2Q
2012
1Q
2013
1H
2013
1H
2012
2H
2012
1.62
1.72
1.64
1.63
1.75
1.65
Fee income/total income
21
19
22
21
19
20
Non-interest income/total
income
40
32
43
41
35
34
Cost/income
43
45
41
42
43
47
10.9
10.9
12.0
11.6
11.9
10.4
Loan/deposit
90
89
89
90
89
87
SP/average loans (bp)
22
21
22
11
NPL ratio
1.2
1.3
1.2
1.2
1.3
1.2
(%)
Net interest margin
ROE
2Q net interest income up 4% on quarter from

loan growth and stable net interest margin
(S$m)
Net interest margin (%)
5,285
4,825
4,318
2.02
1.84
2010
1.77
1.84
2011
1.70
1.77
2012
1.77
1.72
1.67
1.62
1.64
1.62
1,336
1,324
1,332
1,293
1,327
1,382
1Q
2Q
3Q
4Q
1Q
2Q
2012
2013
Loans up 5% on quarter and 14% on year

Loans
(S$bn)
Deposits
Other funding
Loan/deposit (%)
Group
SGD
Non-SGD
298
37
260
28
260
29
268
28
267
24
281
30
232
198
231
205
240
202
243
211
251
224
261
235
Mar 12
Jun 12
Sep 12
Dec 12
Mar 13
Jun 13
85
65
113
89
68
117
84
68
106
87
69
110
89
71
113
90
70
115
SGD and Non-SGD loan/deposit ratios are based on gross loans.

Other funding comprises institutional funding, medium-term notes, commercial papers, certificates of deposit
and other debt securities in issue
2Q non-interest income up 49% on year

Non-market-related fee income
Market-related fee income
Trading + other income
(S$m)
2,748
2,806
2,779
1,064
1,213
1,312
333
329
267
990
927
820
339
67
621
672
666
405
393
324
55
242
336
86
250
313
59
294
102
84
483
450
1,351
1,264
1,200
2010
2011
2012
1Q
2Q
3Q
2012
4Q
1Q
2Q
2013
79
21
83
17
83
17
85
15
84
16
80
20
414
Fee income mix (%) :

Non-market
Market
76
24
80
20
82
18
Market-related fee income comprises stockbroking and investment banking fee income
8
1H Treasury customer income reaches new high
(S$m)
1H
2013
1H
2012
YoY
%
2H
2012
HoH
%
Customer income
578
500
16
368
57
Other income, principally from

balance sheet management,
market-making and
warehousing
609
604
515
18
1,187
1,104
883
34
49
45
4 pt
42
7 pt
Total Treasury income
Customer income as % of
total Treasury income
2Q expenses up 4% on quarter
(S$m)
Cost / income (%)
Staff expenses
Other expenses
41
43
45
45
45
48
42
41
43
3,614
3,303
2,925
1,422
1,503
2010
1,712
1,591
2011
1,888
1,726
2012
898
485
872
466
901
482
943
455
952
506
987
413
406
419
488
446
466
1Q
2Q
3Q
4Q
1Q
2Q
2012
521
2013
10
11
Hong Kongs 1H earnings up 30% on year to record

Constant-currency terms
2H
HoH
HoH
2012
%
%
(S$m)
1H
2013
1H
2012
YoY
%
YoY
%
Net interest income
481
437
10
11
449
Non-interest income
517
327
58
59
319
62
60
Total income
998
764
31
32
768
30
28
Expenses
Profit before
allowances
General allowances
354
323
10
11
355
(0)
(2)
644
441
46
47
413
56
54
63
(4)
NM
NM
(10)
NM
NM
Specific allowances
19
10
92
96
15
25
25
Allowances
82
>100
>100
>100
>100
Net profit
476
367
30
31
349
36
35

Loan/deposit (%)
Loan growth (%)
Deposit growth (%)
1.58
113
1.43
120
1.54
97
10
17
15
(2)
12
Hong Kongs 2Q earnings up 15% on quarter to

record
Constant-currency terms
1Q
QoQ
QoQ
2013
%
%
(S$m)
2Q
2013
2Q
2012
YoY
%
YoY
%
Net interest income
250
228
10
11
231
Non-interest income
274
151
81
82
243
13
11
Total income
524
379
38
39
474
11
Expenses
Profit before
allowances
General allowances
186
168
11
11
168
11
338
211
60
62
306
10
32
(4)
NM
NM
31
(0)
Specific allowances
15
20
10
(2)
(2)
Allowances
41
>100
>100
41
(0)
(1)
Net profit
254
177
44
45
222
14
13

Loan/deposit (%)
Loan growth (%)
Deposit growth (%)
1.60
113
1.52
120
1.55
100
10
17
7
(5)
13
1H regional earnings up 7% on half year

1H
2013
1H
2012
YoY
%
2H
2012
QoQ
%
Net interest income
529
632
(16)
558
(5)
Non-interest income
281
213
32
163
72
Total income
810
845
(4)
721
12
Expenses
431
388
11
460
(6)
379
457
(17)
261
45
Allowances
145
43
>100
45
>100
Net profit
210
367
(43)
197
(S$m)
Figures for operations outside of Singapore and Hong Kong

14
15
NPL ratio stable at 1.2%

NPL ratio (%)
NPA (S$m)
1.9
1.3
1.2
2,904
2,726
40%
6%
46%
53%
54%
2010
43
3,213
40%
7%
SP/loans (bp)
1.3
1.3
1.2
1.2
1.2
2,908 2,956 2,835 2,726 2,767 2,966

37%
33%
11%
16%
43%
52%
51%
2011
2012
1Q
11
10
11%
1.3
Not overdue
<90 days overdue
>90 days overdue
31%
13%
42%
46%
43%
11%
13%
56%
43%
44%
2Q
3Q
2012
4Q
1Q
2Q
2013
15
21
22
134
176
142
183
142
187
141
191
9
8
Cumulative general and specific allowances as % of:
NPAs
100
126
142
128 129
127
165
183
Unsecured
172 171
NPAs
8%
50%
16
NPAs rise moderately

(S$m)
NPAs at start of period
New NPAs
Upgrades, recoveries and translation
Write-offs
NPAs at end of period
2Q
2013
1Q
2013
2Q
2012
2,767
2,726
2,908
242
268
121
10
(12)
(36)
(53)
(215)
(37)
2,966
2,767
2,956
17
Specific allowances at previous quarters level

2Q
2013
1Q
2013
2Q
2012
New NPLs
91
117
36
Existing NPLs
82
73
31
173
190
67
Settlements
27
62
16
Recoveries
18
14
11
45
76
27
128
114
40
22
21
(S$m)
Add charges for
Subtract charges for
Total SP charges for loans

SP / average loans (bp)
18
AFS bond portfolio diversified between

government and corporate debt
Jun 13
(S$m)
Mar 13
(S$m)
Singapore government bonds

and MAS bills
12,071
10,355
Other government bonds
14,739
16,690
Supranational, bank and

corporate debt bonds
11,151
10,290
Equities
1,326
1,361
Total
39,287
38,696
96
623
AFS reserves
Figures include securities pledged and transferred

19
Capital ratios remain strong, unchanged on quarter

Basel III
Basel 2.5
(%)
Total
16.4
16.5
17.1
16.3
3.1
3.1
Tier 2
3.7
15.4
2.6
Tier 1
12.7
12.8
13.4
14.0
Mar 12
Jun 12
Sep 12
Dec 12
2.8
15.5
2.6
15.5
2.6
13.5
12.9
12.9
Dec 12 Mar 13
(pro forma)
Jun 13
Core/CET 1 * (%) under:

Transitional
12.7
12.8
13.4
14.0
13.5
12.9
12.9
Final
10.9
11.0
11.6
12.2
11.8
11.3
11.3
RWA (S$bn)
220
225
217
216
227
240
243
* The Basel 2.5 ratios apply the relevant deductions without taking into account any other changes
required by Basel III.
20
Interim dividend of 28 cents per share

Half yearly
(S per share)
Quarterly
56
56
56
28
28
28
28
28
28
2011
2012
2013
14
14
2010
21
In summary first-half earnings at record
First-half performance underpinned by all-round revenue growth

and business momentum
Capital, liquidity and asset quality are healthy
Continue to be disciplined in entrenching our position as a
leading Asian bank
22

DBS Group Holdings
2Q 2013 financial results
August 1, 2013
Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or
distributed to parties outside the presentation. DBS Bank accepts no liability whatsoever with respect to the use of this document or its contents.

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First-half earnings at record

DBS Group Holdings

First-half earnings at record

Broad-based growth as total income reaches new high

Hong Kong earnings at a record

Balance sheet remains robust

Net interest income

Profit before allowances

2Q profit up 10% on year as total income rises 19%

Net interest income

Profit before allowances

Fee income/total income

SP/average loans (bp)

2Q net interest income up 4% on quarter from

Net interest margin (%)

Loans up 5% on quarter and 14% on year

SGD and Non-SGD loan/deposit ratios are based on gross loans.

2Q non-interest income up 49% on year

Fee income mix (%) :

1H Treasury customer income reaches new high

Other income, principally from

Total Treasury income

Cost / income (%)

First-half earnings at record

Broad-based growth as total income reaches new high

Hong Kong earnings at a record

Balance sheet remains robust

Hong Kongs 1H earnings up 30% on year to record

Net interest income

Net interest margin (%)

Hong Kongs 2Q earnings up 15% on quarter to

Net interest income

Net interest margin (%)

1H regional earnings up 7% on half year

Net interest income

Profit before allowances

Figures for operations outside of Singapore and Hong Kong

First-half earnings at record

Broad-based growth as total income reaches new high

Hong Kong earnings at a record

Balance sheet remains robust

NPL ratio stable at 1.2%

2,908 2,956 2,835 2,726 2,767 2,966

NPAs rise moderately

NPAs at end of period

Specific allowances at previous quarters level

Subtract charges for

Total SP charges for loans

AFS bond portfolio diversified between

Singapore government bonds

Other government bonds

Supranational, bank and

Figures include securities pledged and transferred

Capital ratios remain strong, unchanged on quarter

Core/CET 1 * (%) under:

Interim dividend of 28 cents per share

In summary first-half earnings at record

First-half performance underpinned by all-round revenue growth

First-half earnings at record

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