Annual Results 2022 Fixed Income Investor Presentation

• Value from international connectivity and customer centricity
• Multiple growth engines
• Strong capital position
• Drive value creation

RWA saves in excess of target1

$bn

Capital reallocation to Asia

Asia as a % of Group tangible equity2, %

20192022

Invested in bolt-on acquisitions

Reshaped portfolio with exits

AXA Singapore

• 4th largest health insurer in Singapore post acquisition3

L&T Investment Management

• 14th largest fund house in India post acquisition4

HSBC Life China

• Increased stake from 50% to 100%

HSBC Qianhai

• Increased stake from 51% to 90%

Hong

Kong

Mainland China

Asia

(excluding Hong Kong and mainland China)

$6.8bn PBT;

(44)% vs. 2019

$1.0bn PBT

excl. BoCom; +13% vs. 2019

$4.2bn PBT9;

+23% vs. 2019

• #1 market share in deposits5, insurance6
• #1 Trade Finance Bank7
• #1 foreign bank by revenue8
• c.1.3k Pinnacle wealth planners

India, ($0.9n PBT10; +36% vs. 2019)

• Facilitate 9% of India's exports11
• Facilitate 9% of traded FX12

South East Asia (SEA), ($0.8bn PBT in Singapore; +69% vs. 2019)

• PBT >$100m in 5 out of 6 SEA13 markets
• Best Cash Management and Trade Finance bank14

UK

(RFB)

Europe

(NRFB)

US

$5.0bn PBT;

+78% vs. 2019

$2.1bn PBT;

+181% vs. 2019

$1.0bn PBT;

+64% vs. 2019

Mexico

$0.7bn PBT;

+9% vs. 2019