MUFG Americas Holdings Corporation (MUAH) Investor Presentation for the Quarter Ended June 30, 2020 MUFG Americas Holdings Corporation
Forward-Looking Statements and Non-GAAP Financial Measures This presentation describes activities of MUFG Americas Holdings Corporation and its consolidated subsidiaries (the Company) unless otherwise specified. This presentation should be read in conjunction with the financial statements, notes and other information contained in the Company’s most recent annual report on Form 10-K and Quarterly Reports on Forms 10-Q and in any subsequent filings with the Securities and Exchange Commission (SEC). The following appears in accordance with the Private Securities Litigation Reform Act. This presentation includes forward-looking statements that involve risks and uncertainties. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. Often, they include the words “believe,” “expect," “target,” “anticipate,” “intend,” “plan,” “seek," "estimate,” “potential,” “project,” "forecast," "outlook," or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” "might," or “may.” They may also consist of annualized amounts based on historical interim period results. There are numerous risks and uncertainties that could and will cause actual results to differ materially from those discussed in the Company’s forward-looking statements. Many of these factors are beyond the Company’s ability to control or predict and could have a material adverse effect on the Company’s financial condition, and results of operations or prospects. For more information about factors that could cause actual results to differ materially from our expectations, refer to our reports filed with the SEC, including the discussions under “Management’s Discussion & Analysis of Financial Condition and Results of Operations” and “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Forms 10-Q and in any subsequent filings with the SEC and available on the SEC’s website at www.sec.gov. In addition to the aforementioned factors, the COVID-19 global pandemic is adversely affecting us, our clients, and our third-party service providers, among others, and its impact may adversely affect our business and results of operations over a period of time. Any factor described above, in this presentation, or in our SEC reports could, by itself or together with one or more other factors, adversely affect our financial condition, results of operations and prospects. All forward-looking statements contained herein are based on information available at the time of this presentation, and the Company assumes no obligation to update any forward-looking statements. This investor presentation includes the tangible common equity capital ratio to facilitate the understanding of the Company’s capital structure and for use in assessing and comparing the quality and composition of the Company's capital structure to other financial institutions. This investor presentation also includes the adjusted efficiency ratio to enhance the comparability of MUAH's efficiency ratio when compared with other financial institutions. This presentation should not be viewed as a substitute for results determined in accordance with GAAP, nor is it necessarily comparable to non-GAAP financial measures presented by other companies. Please refer to our separate reconciliation of non-GAAP financial measures in our 10-Q for the quarter ended June 30, 2020. MUFG Americas Holdings Corporation Investor Presentation, 2Q20 2
Strength of U.S. Presence MUAH and MUFG America's mission is to be a foundation of strength and trust committed to meeting the needs of our customers, colleagues, communities and shareholders, fostering shared and sustainable growth. Financial Strength and Value Clients • High quality loan portfolio with historically strong • Strategic footprint in affluent West Coast markets credit performance • MUB serves 2.1 million clients and is committed to • Solid investment grade credit ratings (MUFG Union forging long-standing relationships that enable us to Bank (MUB) is rated A/A2/A) provide strong solutions to our clients • Strong balance sheet with high-quality capital base and strong liquidity – Tier 1 risk-based capital ratio of 14.48% Shareholders Colleagues • Owned by and strategically important to Mitsubishi • Experienced, stable, and diverse local management UJF Financial Group (MUFG), one of the world’s team and a majority of independent board members largest financial organizations • MUFG Americas is committed to Inclusion and • MUFG traces its history back over 360 years and Diversity emphasizes a conservative risk culture with a focus on safety and soundness MUFG Americas Holdings Corporation Investor Presentation, 2Q20 3
MUFG has a Significant Presence in the U.S. Significant presence in the United States through MUFG Americas Holdings Corp. (MUAH), its Intermediate Holding Company, as well as through MUFG branches, collectively referred to as Combined U.S. Operations (CUSO) MUFG2 • Total Assets: $3.1 trillion, 5th largest globally • Loans: $1.0 trillion • Locations: ~2,700 • Employees: ~180,000 across 50+ countries • Deposits: $1.7 trillion, 5th largest globally 6/30/20 assets: 6/30/20 assets: $151.8B $18.8B MUFG U.S. • Total Assets: $393 3 6/30/20 assets: billion $9.0B • Loans: $198 billion, 9th largest among U.S. 6/30/20 assets: 6/30/20 assets: 6/30/20 assets: 6/30/20 assets: 3 1 Banks $136.3B $27.9B $3.3B $3.5B • Deposits: $201 billion3 • Locations: 352 branches4 • Employees: ~13,240 FTE5 1. Net of intercompany eliminations 2. MUFG: Total Assets, Loans, and Deposits as of 3/31/2020 using an exchange rate of USD 1.00 = JPY 108.83; global rankings for Total Assets and Deposits are as of 12/31/2019; locations, employees, and countries are as of 12/31/2019 3. MUFG U.S.: Total Assets of $393 billion, Loans of $198 billion, and Deposits of $201 billion; including intercompany adjustments as of 3/31/2020 4. MUAH has transitioned PurePoint Financial to a fully digital offering and closed the 22 Financial Centers effective 2/20/2020 5. Source: MUAH's 12/31/2019 10-K filing, number of full-time equivalent (FTE) employees for MUAH only MUFG Americas Holdings Corporation Investor Presentation, 2Q20 4
Supporting Clients, Communities, and Colleagues We have seen overwhelming economic and social suffering across our country as a result of COVID-19 and recent protests highlighting social and racial inequality. We believe it is our responsibility to be part of the solution. Clients Communities Colleagues ▪ Provided ~$2.5B of loans to ~14,000 ▪ $3 million commitment to support ▪ Quickly ramped up technology to clients1 under SBA Paycheck local communities globally to enable 80%+ MUFG Americas2 Protection Program accelerate the path to recovery colleagues to work from home ▪ $1.4 million in support of the small ▪ Launched on July 2nd and began business sector ▪ Employee Relief Funding of $400,000 accepting applications for the Main ▪ $500,000 for US-based social safety for employees in the US Street Lending Program net programs COVID-19 ▪ $100,000 for community-based ▪ All Union Bank branch staff in CA, WA, ▪ Business and Consumer Relief organizations in Canada and Latin and OR received relief pay of up to Programs (e.g., payment deferrals, fee America $2,000 waivers, loan restructurings, temporary ▪ $1 million to existing small business credits, and deposit limit exceptions) grants in the U.S. ▪ MUFG Americas U.S. colleagues who became ill or needed to attend to family matters received additional time off ▪ Redirected clients to three nearby ▪ $10 million Community Recovery ▪ Observation of Juneteenth branches following the La Mesa branch Program aimed at addressing social fire and racial inequalities in the U.S. ▪ MUB is committed to increasing ▪ $5 million will be directed to small diverse representation through hiring, ▪ Steadfast commitment to our business recovery efforts development and retention practices. communities as demonstrated by ▪ $3 million toward rebuilding the Workforce is comprised of3: Social & plans to rebuild the La Mesa branch workforce ▪ 49.6% women Racial ▪ $2 million to continue building ▪ 58.5% people of color Inequality ▪ Since 2003, MUB has committed $50.7 financial security ▪ 66.1% women or people of color at million to support minority and the VP level and above women lead investments firms ▪ Planned actions also include delivering enhanced diversity training and strengthening our inclusion and As of 3/31/2020 diversity ecosystem 1. As of 7/15/2020 2. Colleagues from the U.S., Canada, and Latin America MUFG Americas Holdings Corporation Investor Presentation, 2Q20 5 3. As of 3/31/2020
2020-2023 Strategic Plan The strategic plan returns MUB to what it was known for in the past: consistent client-centric, relationship-based banking in chosen client segments; drives towards an efficient cost structure; and positions MUAH for improved financial performance on a long-term basis. Strategic Imperatives What we are doing 1 ▪ MUB will be dedicated to a client-centric, relationship-based, “back to basics” approach Execute on Strategic Business Initiatives ▪ Wholesale bank will continue to focus on key client segments and differentiating through innovative credit structures 2 ▪ Rewiring will structurally change the way we operate and significantly reduce our cost base Simplify Operating Model & Drive Efficiencies ▪ Regional Bank Restructure will optimize our cost structure by transforming the physical branch network to support target segments 3 ▪ Transformation will bring a client-first, customer centric operating model to support our Drive Technology business and technology opportunities Transformation ▪ Position the bank for growth 4 ▪ Maintain effective oversight of compliance matters Effectively Manage Risk and Meet Regulatory ▪ Advance the firm’s information security control framework Requirements1 ▪ Replace the Core Banking platform and implement the Risk and Regulatory Data program 1. Further covered in the Financial Summary for MUAH MUFG Americas Holdings Corporation Investor Presentation, 2Q20 6
1 MUFG Union Bank Segment Strategy Overview Segment Strategy Regional Bank Global Corporate & Investment Commercial Banking, Business High Net Worth / Mass Affluent / Banking-US Banking & Small Business Affluent Mass Market Lead with ideas Lead with credit and Lead with relationship mortgage Lead with simple, everyday and bespoke team-based collaboration to and deepen with deposits and banking to efficiently grow low- solutions win clients and grow core deposits investments cost deposits Product Strategies Leverage deep commercial lending expertise to drive Commercial Lending growth in key segments and verticals Deposits & Treasury Fund the bank efficiently with low-cost core deposits and enhanced collaboration with Transaction Banking Management Capital Markets and Deepen relationships with value-add capital markets, FX, investment banking and wealth management products and advice Advisory Services Home Lending Leverage home lending strength as a key relationship driver and acquisition engine Profitably deploy personal lending for acquisition and primacy Personal Lending Foundational Strategies Organization Organize around client segments, align performance measurement and incentives, maintain safety and soundness Digital Platform Enhance client-facing and internal digital capabilities around segment-specific needs Physical Distribution Optimize the physical distribution for efficiency and fit-for-purpose segment objectives Efficiencies Prioritize efficiency and simplification across segments and supporting operations MUFG Americas Holdings Corporation Investor Presentation, 2Q20 7
1 Regional Bank Strategic Approach by Core Segment “Back to Basics” approach aimed at differentiating among Commercial, Business, and High Net Worth Strategy segments, while efficiently serving the Mass Affluent and Mass Market Target Commercial Banking, Business High Net Worth / Affluent Mass Affluent / Mass Market Segments Banking & Small Business Relationship mortgage to Credit and relationship pricing Simple everyday banking to Lead With opportunistically grow deposits to win clients and grow deposits efficiently grow low-cost deposits and investments Key Market Share | Depth | Wallet Share | Depth | Core Deposits | Primacy | Success Core Deposits Core Deposits Efficiency Measures ▪ Relationship-based approach to client engagement across ▪ Easy, simple everyday business and personal banking, i.e., Bank FreelyTM ▪ Talented and collaborative salesforce, with specialty focus in key growth areas ▪ Efficiently offer conforming Approach mortgage and personal ▪ Competitively priced products and services across credit, loans deposits and investments ▪ Reliable self-service and ▪ A fit-for-purpose physical network basic digital functionality ▪ We will not be everything to everyone MUFG Americas Holdings Corporation Investor Presentation, 2Q20 8
1 Global Corporate Investment Bank-US Strategy and Initiatives Enhance Profitability Optimize Balance Digitize & Enhance Strategy and Deepen Customer Sheet and Enhance Improve Productivity Infrastructure Relationships Risk Capabilities Target Mid Corporate / Large Cap Investment Grade Financial Sponsors Segments Non-Investment Grade Clients Clients ▪ Securitized Products ▪ Lead with ideas / bespoke ▪ Leveraged Finance: Buyout / Underwriting ▪ Selective Mid-Corporate solutions Expansion ▪ Working Capital Solutions ▪ Direct Lending Initiatives ▪ Leasing Transformation and ▪ TPS Acquisition ▪ Working Capital Solutions for Growth Sponsor Owned Companies ▪ Asset-Based Lending/ Distressed Debt ▪ Barbell approach ◦ Global scale to support large cap M&A and cross-border needs ◦ Extending industry expertise to Mid-Corp ◦ Combining fundamental credit competency with emerging structural and marketable credit skills Value • Delivering One MUFG across full Corporate Investment Banking suite Delivery ◦ Bank loans ◦ Capital markets, interest rate and various foreign exchange ◦ Transaction Banking • Extracting value for customized solutions MUFG Americas Holdings Corporation Investor Presentation, 2Q20 9
2 Rewiring for the Future To effectively compete and meet our clients' needs, we are pursuing a multi-year effort to reduce our cost base and drive continuous improvement. We are targeting a range of $250-$300 million in Strategy benefits for the first phase of the Rewiring Program by 20231, some of which will be offset by reinvestment in technology, regulatory compliance and growth initiatives. Structural Workforce Geographic Process Simplification Organization Design Procurement Initiatives Distribution & Automation • Leverage strategic • Break down silos • Reduce spend on • Simplify our locations to reduce and combine like consultants, travel operations and our high cost functions in shared and entertainment, automate manual footprint and service centers; and other third-party processes to outsource certain increase spans and and discretionary increase employee activities that can reduce layers spend productivity Approach be performed efficiently and safely by third-party centers of excellence Effort launched at the end of 2018 to drive value to the bottom line with implementation and rigorous Value tracking; accompanied by organization change management program to sustain lower cost base over time; objective is to close cost gap to US peers. 1. Not including any potential reductions in expenses and associated fees transfer-priced to MUFG U.S. branches that may also result from the program MUFG Americas Holdings Corporation Investor Presentation, 2Q20 10
3 Transformation Program Alignment with Technology Strategy Operation & Technology strategy will create the solid foundation MUB needs to transform and grow its Strategy business in a hyper-competitive marketplace. Replace Legacy & Data-as-a-Service 21st Century Risk Weighted Initiatives End of Life Strategy Infrastructure Run the Bank Platforms Management • Address End-of-Life • Establish and • Enable 'Fit for • Instill customer- • Mature First Line backlog and enable maintain an growth' Ops & Tech first culture processes, risk and move to cloud, ex. enterprise-wide controls to reduce Core Banking & data strategy and • Operate securely in • Empower risk and meet Enterprise Data common data the cloud employees regulatory Platforms governance requirements standards • Drive reduction in • Fill capability • Decrease risk of operating costs gaps with strategic • Ensure robust, non- compliance, • Drive prioritization of hires effective issue and reduce cost of data consumption • Increase speed-to- management compliance requirements market • Improve business processes and make • Build an • Deliver prerequisite • Set priorities for • Ensure security innovation the cultural innovative, Approach for improved building common and norm industry- customer data infrastructure compliance standard experience/reduced • Improve technology security services attrition operations program • Focus on • Make data available automation and • Leverage Integrated • Drive rapid evolution • Address application to support decision development, regulatory compliance by identifying and End-of-Life risk making security and eliminating holistically • Increase proportion operations to drive bottlenecks of open platform safety and soundness • Implement applications & efficiency processes that fix the problem “at the T R A N S F O R M A T I O N A L I G N M E N T left” MUFG Americas Holdings Corporation Investor Presentation, 2Q20 11
2 3 Expense & Technology Initiative Wins Rewire ▪ Enhanced our organization design and improved span of control (ongoing) ▪ Redistributed work to strategic locations; expanded workforce in Phoenix for multiple support functions ▪ Significant progress in Third Party Spend to enable the consolidation and commercial leverage of our professional services providers and reduction in travel and expense ▪ Holistic workforce redistribution plans and office space consolidation efforts developed Regional Bank Restructuring ▪ Recalibrated operating costs for PurePoint inclusive of closure of all 22 PurePoint Financial Centers ▪ Optimizing the MUB branch network ▪ Run rate savings expected in FY21 Transformation ▪ Initiated Core Banking & Enterprise Data Platform replacement initiatives ▪ Initial set up of Cloud environment allow for rapid deployment of business capabilities ▪ Completed automated delivery capabilities ▪ Met initial cost savings targets for FY’19; full run rate savings expected by 2027 MUFG Americas Holdings Corporation Investor Presentation, 2Q20 12
Financial Summary for MUAH This section only includes financials and other disclosures for MUAH and excludes MUFG Americas operations outside of MUAH 13
MUAH Key Business Segments Diversification across segments and products as illustrated through revenue and earnings mix. Key MUAH business segments1 consist of: Regional Global Corporate & Transaction MUFG Securities Bank Investment Banking - U.S. Banking Americas Provides banking products and Delivers the full suite of products Offers working capital Engages in capital markets services to individual and and services to large and mid- management and asset servicing origination transactions, domestic business customers in California, corporate customers based on solutions, including deposits and and foreign debt and equity Washington, and Oregon through industry-focused coverage teams, treasury management, trade securities transactions, private five major business lines: including credit as well as global finance, and institutional trust and placements, collateralized Consumer Banking, Commercial treasury management, capital custody to customers financings, and securities Banking, Real Estate Industries, market solutions and various borrowing and lending Wealth Markets, and PurePoint foreign exchange, interest rate transactions Financial which is a national risk and commodity risk online direct bank deposit platform management products Three Months Ended June 30, 2020 Three Months Ended June 30, 2020 $1,596MM Total Revenues by Segment ($MM)2 $418MM Pre-tax, pre-provision income3 ($MM) $449 $133 28.1% $597 37.4% $95 $98 $81 $283 17.7% $212 $55 13.3% 3.4% $11 Regional Global Corporate & Transaction Bank Investment Banking - U.S. Banking Regional Bank Global Corporate & Transaction Banking MUSA Other² Investment Banking MUSA Other - U.S. 1. Source: Form 10-Q for the quarter ended June 30, 2020 2. Numbers may not add to 100% due to rounding 3. Pre-tax, pre-provision income is total revenue less noninterest expense. Management believes that this is a useful financial measure because it enables investors and others to assess the Company's ability to generate capital to cover credit losses through a credit cycle MUFG Americas Holdings Corporation Investor Presentation, 2Q20 14
2020 Second Quarter MUAH Results For the Three Months Ended (Dollars in millions) June 30, March 31, June 30, March 31, Results of operations: 2020 2020 2019 2019 Net interest income $ 787 $ 774 $ 777 $ 783 Noninterest income 809 612 649 632 Total revenue 1,596 1,386 1,426 1,415 Noninterest expense 1,178 1,201 1,154 1,170 Pre-tax, pre-provision income1 418 185 272 245 (Reversal of) provision for credit losses 361 470 56 38 Income before income taxes and including noncontrolling interests 57 (285) 216 207 Income tax expense (benefit) 39 25 20 28 Net income including noncontrolling interests 18 (310) 196 179 Deduct: Net loss (income) from noncontrolling interests 4 4 3 5 Net (loss) income attributable to MUAH $ 22 $ (306) $ 199 $ 184 Compared to the second quarter of 2019, net income decreased by $177 million • Net income attributable to MUAH was $22 million for the three months ended June 30, 2020. The decrease in net income compared to the same quarter in 2019 was largely due to the provision for credit losses of $361 million. The provision was partially offset by an increase noninterest income of $160 million compared to the same quarter in 2019 primarily due to increases in investment banking and syndication fees, gains on sales of securities and fees from affiliates for services provided to MUFG Bank, Ltd. • The provision for credit losses in the first and second quarter of 2020 was substantially driven by the impact of COVID-19 and the corresponding deterioration in the economic environment. The global pandemic from the spread of COVID-19 and governmental responses thereto have significantly impacted the U.S. and California economies and caused significant ongoing economic uncertainty, which may affect our critical accounting estimates, including our assumptions used to estimate the allowance for credit losses and may adversely affect our business and results of operations in many other ways, the ultimate impact of which cannot be predicted at this time. • In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments, which provides new guidance on the accounting for credit losses for instruments that are within its scope. The Company adopted the ASU on January 1, 2020, and recorded an increase to the allowance for credit losses of $199 million, primarily due to an increase in the allowance for consumer loans, offset by a $52 million deferred tax asset, and a $147 million cumulative-effect adjustment reduction to retained earnings. 1. Pre-tax, pre-provision income is total revenue less noninterest expense. Management believes that this is a useful financial measure because it enables investors and others to assess the Company's ability to generate capital to cover credit losses through a credit cycle MUFG Americas Holdings Corporation Investor Presentation, 2Q20 15
MUAH Balance Sheet and Profitability Highlights as of Period End • $167.4 billion in total assets, of which MUB has $136.3 billion and MUSA has $27.8 billion • Assets comprised primarily of high-quality residential mortgage / CRE / C&I loans ($86.5 Compared to the previous year: billion) and highly liquid securities ($23.7 billion), among others • Total assets decreased $4.7 • Strong deposit base ($102.6 billion) supported with wholesale funding billion driven by declines in securities borrowed or purchased under resale June 30, March 31, June 30, March 31 agreements of $6.9 billion, (Dollars in millions) 2020 2020 2019 2019 total securities of $1.9 billion, Balance sheet (end of period) loans held for investment of $1.9 billion and goodwill of Total assets $ 167,350 $ 165,696 $ 172,010 170,707 $1.6 billion and offset by an Total loans held for investment 86,535 89,786 88,468 87,587 increase in interest bearing Total securities 23,734 24,008 25,595 28,216 deposits in banks of $7.5 Securities borrowed or purchased under repo 17,081 15,715 24,006 22,860 billion Trading account assets 12,453 11,799 10,910 10,889 Total deposits 102,572 98,475 94,588 92,905 Securities loaned or sold under repo 22,087 22,623 28,917 27,425 • Loans held for investment Long-term debt 16,785 16,686 16,068 17,335 decreased primarily due to a decline in residential Trading account liabilities 3,256 2,456 3,805 3,896 mortgage and home equity MUAH stockholders' equity 16,658 16,448 17,266 16,897 and partially offset by an Performance ratios (YTD) increase in commercial and Net interest margin 1,2 2.03% 2.02% 2.03% 2.06% industrial loans Return on average assets 1 (0.34) (0.72) 0.45 0.44% Return on average MUAH stockholders' equity 1 (3.40) (7.41) 4.53 4.41% • Total deposits increased 1,4 $8.0 billion primarily due to Return on tangible common equity (3.74) (8.30) 5.93 5.76% noninterest bearing deposits 3 Efficiency ratio 79.78 86.65 81.80 82.67% and money market accounts Adjusted efficiency ratio 4 75.55 84.23 77.82 78.96% and offset by a decrease in time deposits 1. Annualized based on year to date activity 2. Net interest margin is presented on a taxable-equivalent basis using the federal statutory tax rate of 21% for 2019 and 2020 3. The efficiency ratio is total noninterest expense as a percentage of total revenue (net interest income and noninterest income) 4. Non-GAAP financial measure in our 10-Q for quarter ended June 30, 2020, March 31, 2020, June 30, 2019 and March 31, 2019 MUFG Americas Holdings Corporation Investor Presentation, 2Q20 16
Balance Sheet Composition and Trends Earning Asset Mix1 Loan Portfolio Composition2 Trading Assets Securities Purchased under Commercial Construction, 1.8% & Other, 7.5% Repo and Borrowed, 11.8% Mortgage, 19.2% Lease Financing, 1.1% Cash and Cash Equivalents, 7.9% Securities, 16.0% Residential Mortgage & Home Equity, 40.8% Commercial & Industrial, 32.2% Loans, 56.8% Other Consumer, 4.9% Earning Assets3 ($B) Deposit Growth4 ($B) (0.1)% +8.4% 39 7 7 7 9 12 32 33 32 34 11 11 11 12 12 23 23 23 21 18 27 27 27 26 25 17 17 16 14 10 2 5 88 88 88 88 88 4 4 5 9 9 10 9 9 39 38 33 33 35 2Q19 3Q19 4Q19 1Q20 2Q20 2Q19 3Q19 4Q19 1Q20 2Q20 Loans Securities Money Market Savings Interest Checking Securities Purchased under Repo and Borrowed Trading Assets & Other Time Deposit Non-Interest Bearing Cash and Cash Equivalents 1. Average balance for the year ended June 30, 2020. May not total 100% due to rounding 2. Average balance total loans held for investment, including all nonperforming loans and purchased credit-impaired loans for the year ended June 30, 2020. May not total 100% due to rounding 3. Average balance for the year ended June 30, 2020. May not total 100% due to rounding 4. Ending quarterly balances and growth rate may not total due to rounding MUFG Americas Holdings Corporation Investor Presentation, 2Q20 17
Strong Deposit Base Retail Deposits Commercial Deposits • Focus on core deposit growth while optimizing total • Align product and platform build-outs to increase PxV bank-wide funding costs across Union Bank and and drive core balance growth PurePoint Financial • Focus on key customer segments, with improved • Launch new and innovative products to drive customer segmentation, data and reporting, pricing acquisition and improve customer and deposit retention strategies, and enhanced collaboration with Regional Bank partners • Continue to execute on and evolve COVID-19 responses to provide Consumer and Small Business deposit relief efforts Deposit Breakdown ($B)3 Major Deposit Share in Key California Locations1,2 $102.6 billion Total Deposits Metropolitan Statistical Area (MSA) / State Rank Share (%) Santa Maria-Santa Barbara, CA 2 14.80 Transaction & Money Market Savings San Diego-Chula Vista-Carlsbad, CA 4 13.25 Time Non-Interest Bearing Salinas, CA 5 8.70 Los Angeles-Long Beach-Anaheim, CA 4 8.69 Fresno, CA 4 6.98 Oxnard-Thousand Oaks-Ventura, CA 5 5.82 $39.0 Sacramento-Roseville-Folsom, CA 5 4.72 $43.8 38% 43% Riverside-San Bernardino-Ontario, CA 6 4.08 San Francisco-Oakland-Berkeley, CA 7 2.52 San Jose-Sunnyvale-Santa Clara, CA 10 2.24 $10.0 10% $9.8 10% Overall California 4 5.91 1. Source: SNL Financial as of 6/30/19, “Pro Forma” ownership which captures any known M&A or branch closure activity up to the current date, no deposit cap applied 2. The above balances do not include PurePoint deposits which are primarily placed with customers outside MUB's West Coast markets 3. Period-end total deposits may not total 100% due to rounding MUFG Americas Holdings Corporation Investor Presentation, 2Q20 18
Consumer Loan Portfolio Consumer portfolio continues to exhibit strong credit quality Residential Mortgage and Home Equity Portfolio Other Consumer Loans1 Period-end Loan Balances and Net Charge-Offs ($MM) Period-end Loan Balances and Net Charge-offs ($MM) $4,428 $4,450 $4,372 $3,975 $3,855 $40,566 $39,693 $38,018 $36,036 $33,794 $19 $26 $34 $39 $43 2Q19 3Q19 4Q19 1Q20 2Q20 2Q19 3Q19 4Q19 1Q20 2Q20 Residential Mortgage and Home Equity Marketplace Lender Originated Consumer Card Other Net Charge-offs 2Q19 3Q19 4Q19 1Q20 2Q20 2Q19 3Q19 4Q19 1Q20 2Q20 Net Charge-Offs $ (1) $ (2) $ (1) $ (1) $ (1) Other Consumer Loans $3,975 $4,428 $4,450 $4,372 $3,855 Other 75 74 74 71 63 Consumer Card 316 307 291 269 245 Marketplace Lender Originated 3,583 4,047 4,085 4,032 3,547 Net Charge-offs 19 26 34 39 43 1. Quarterly balances may not total due to rounding MUFG Americas Holdings Corporation Investor Presentation, 2Q20 19
Residential Mortgage and Home Equity Loans Continue to Perform Well Residential Mortgage Performance Trends Home Equity Total Delinquency (60 days Past Due + in Foreclosure) 3 (60 Days + Past Due) 3 40.0% 8.0% 7.0% 30.0% 6.0% 5.0% 20.0% 4.0% 3.0% 10.0% 2.0% 1.0% 0.0% 0.0% 2Q10 2Q11 2Q12 2Q13 2Q14 2Q15 2Q16 2Q17 2Q18 2Q19 2Q20 2Q10 2Q11 2Q12 2Q13 2Q14 2Q15 2Q16 2Q17 2Q18 2Q19 2Q20 MUB MBA-CA Conventional MUB National (McDash) CA Only (McDash) National Conventional MBA-CA Conventional ARM Residential Mortgage Portfolio as of June 30, 2020: • 37% interest-only (non-amortizing) • 64% weighted average LTV1 for the I/O portfolio • No subprime programs or option ARM loans • Low delinquency rate due to focus on prime loans, high FICO scores, and low LTVs • 81% of the consumer portfolio has a refreshed FICO score of 720 and above2 • 98% has an LTV less than or equal to 80% 1. At origination 2. Excluding loans serviced by third-party service providers and loans covered by FDIC loss share agreements, includes PCI loans 3. Data Source: Consumer Lending Monthly Summary and Key Statistics; Source: Residential – Mortgage Bankers Association (MBA), McDash/Black Knight Financial Services; Benchmark metrics are reported on a one quarter lag MUFG Americas Holdings Corporation Investor Presentation, 2Q20 20
High Quality Securities Financing Portfolio (MUSA) Securities Financing Maturity Profile • Securities financing activity largely conducted through MUSA 25,000 • Securities financing portfolio is primarily 20,000 $18,031 collateralized by high quality, liquid assets • Approximately 87% is collateralized by ) s 15,000 n o i l U.S. Treasuries and Agency MBS and l i M ( $ 10,000 $8,633 $8,274 13% is backed by equities, credit and other $4,300 $4,826 5,000 $3,545 $2,848 • Robust risk management framework $1,150 0 governs secured financing profile including 1 O/N and Continuous 2-30 days 31-90 days > 90 days guidelines and limits for tenor gaps, counterparty concentration and stressed Assets Liabilities liquidity outflows Assets2 Liabilities2 5.1% 3.6% 2.4% 3.1% 5.9% 5.0% U.S. Treasury & Government Agencies Agency MBS 42.1% Corporate Bonds 49.5% Other Debt 37.1% 46.2% Equities 1. Includes continuous maturities which include open trades and term evergreen transactions that are primarily used to fund inventory 2. Total assets and liabilities may not total 100% due to rounding MUFG Americas Holdings Corporation Investor Presentation, 2Q20 21
Commercial Loan Portfolio Commercial loan balance remains stable in 2Q20; net charge-offs continue to illustrate strong credit quality Commercial and Corporate Loan Portfolio Period-end Loan Balances and Net Charge-offs (Recoveries) ($MM) $49,378 $48,886 $45,745 $43,927 $44,572 $57 $68 $2 $25 $11 Period 2Q19 3Q19 4Q19 1Q20 2Q20 Total Commercial and Corporate $43,927 $44,572 $45,745 $49,378 $48,886 Lease Financing 1,276 1,235 1,001 980 1,027 Construction 1,656 1,609 1,511 1,583 1,712 Commercial Mortgage 15,769 15,909 16,895 16,943 16,683 Commercial & Industrial 25,226 25,819 26,338 29,872 29,464 Total Net Charge-offs (Recoveries) $2 $57 $68 $25 $11 MUFG Americas Holdings Corporation Investor Presentation, 2Q20 22
Commercial Real Estate Overview Largely secured, California-focused commercial real estate-purposed loans1 with strong credit performance Q2 2020 Property Type Breakdown2 Q2 2020 Geographic Distribution3 Unsecured: 6.0% Other: 15.6% Los Angeles: 20.7% Other: 13.6% Oregon: 3.0% Multi-Family: Texas: 2.4% Secured 40.8% 94.0% Washington: 6.9% California Industrial: 67% Orange: 9.5% 11.7% New York: 5.1% San Diego: 10.8% Retail: 13.0% Other (CA): Santa Clara: 4.7% 15.5% Alameda: 3.7% Office: 15.0% San Bernardino: 2.0% Commercial Real Estate Statistics June 30, March 31, June 30, (Dollars in millions) 2020 2020 2019 Commitments $ 24,215 $ 24,514 $ 23,370 Commercial and Industrial 4,280 4,336 4,043 Commercial Mortgage 16,954 17,191 16,043 Construction 2,981 2,987 3,283 Outstandings 20,629 20,910 19,044 Commercial and Industrial 2,239 2,395 1,627 Commercial Mortgage 16,678 16,933 15,761 Construction 1,712 1,582 1,656 Nonperforming Loans 191 70 9 1. Commercial real estate-purposed loans are comprised of commercial mortgage loans, construction loans and C&I loans to borrowers with real estate-exposed businesses; does not include CMBS in the investment or trading portfolios 2. May not add to 100% due to rounding 3. Excludes loans not secured by real estate; subsets of California reported by Metropolitan Statistical Area (MSA); may not add to 100% due to rounding MUFG Americas Holdings Corporation Investor Presentation, 2Q20 23
Materially De-Risked Oil & Gas Portfolio from 2015-2020 Total Exposure Trends Criticized Assets / NCO Trends 2015 vs. 2020 O&G Exposure by Subsectors • Materially de-risked Oil & Gas portfolio from 2015-2020: • Strategically reduced $5.4 billion (68%) of exposure through loan sales and exits • Reduction focused in the highest risk sectors ▪ Exploration and Production (E&P) exposure reduced by $5.4 billion (83%) ▪ $0.7 billion (63%) of the remaining $1.1 billion E&P exposure is Reserve Based Lending MUFG Americas Holdings Corporation Investor Presentation, 2Q20 24
Asset Quality Trends Nonaccrual Loans / Total Loans1,2 Net Charge-offs (Recoveries) / Average Loans1,4 1.0% 1.0% 0.72% 0.68% 0.54% 0.57% 0.59% 0.61% 0.45% 0.50% 0.57% 0.57% 0.71% 0.5% 0.45% 0.5% 0.36% 0.54% 0.29% 0.47% 0.24% 0.0% 0.37% 0.36% 0.09% 0.0% -0.5% 2Q19 3Q19 4Q19 1Q20 2Q20 2Q19 3Q19 4Q19 1Q20 2Q20 MUAH Reference Banks' Average³ MUAH Reference Banks' Average³ Criticized5 & ACL / Total Loans Nonperforming Assets by Loan Type ($MM) 6% $88,693 $89,786 $88,468 $88,213 $86,535 Commercial & $700 Industrial Criticized 1 1 $600 19 Commercial % 4% 4.43% Mortgage 120 206 $500 ACL % Construction 9 3 2.87% 1 2% $400 45 Residential Loans Held 1 Mortgage & 2.01% 139 1 for 1.74% 1.78% 1.80% 1 3 Home Equity Investment 1.40% $300 147 20 137 146 Other 0.76% 0.77% 0.73% 454 0% $200 222 Consumer 15 2Q19 3Q19 4Q19 1Q20 2Q20 55 258 OREO $100 16 Criticized 1,782 1,547 1,567 2,579 3,831 0.35% 175 103 0.37% 0.24% 0.19% 0.20% NPA / Total Total Allowance for Credit Loss 670 684 647 1,253 1,561 $0 Assets 2Q19 3Q19 4Q19 1Q20 2Q20 1. Source: SNL Financial and company reports 2. Total Loans for MUAH is based on Total Loans Held for Investment; Total Loans for Reference Banks' Average is based on gross loans which includes loans held for sale 3. Reference banks consist of 12 CCAR-filing public regional banks (CFG, CMA, COF, FITB, HBAN, KEY, MTB, PNC, RF, TFC, USB, ZION) plus the four largest U.S. money center banks (BAC, C, JPM, WFC). Reference Banks’ average based on reporting through July 24, 2020 (Source: SNL Financial) 4. Annualized ratio 5. Criticized loans held for investment reflect loans in the commercial portfolio segment that are monitored for credit quality based on regulatory ratings. Amounts exclude small business loans, which are monitored by business credit score and delinquency status MUFG Americas Holdings Corporation Investor Presentation, 2Q20 25
Strong Liquidity Position and Diverse Funding Mix • Under the joint agency Tailoring Rules, Category IV firms (such as MUAH) are required to maintain a liquidity buffer that is sufficient to meet the projected net stress cash-flow need over a 30-day planning horizon under the firm's internal liquidity stress test and subject to monthly tailored liquidity reporting requirements • Unpledged securities of $20.8 billion; ability to meet expected obligations for at least 18 months without access to funding • Key sources of funding consist primarily of deposits ($102.6 billion), supplemented by wholesale funding ($19.3 billion) • Diversified wholesale funding mix, primarily including borrowings from the Federal Home Loan Bank (FHLB) of San Francisco, the parent (Total Loss Absorbing Capacity debt), and unsecured term debt in the capital markets • Unused FHLB capacity is $20.6 billion MUAH Total Funding Profile MUAH Wholesale Funding Profile Other LT Borrowings¹: 0.1% $ in billions Wholesale Funding: 13.4% FHLB Repos: 15.3% 8.4 TLAC 6.8 Unsecured Term Debt 3.1 Deposits: 71.2% CP & Other ST Borrowings 0.6 Other Wholesale Funding 0.4 1. Includes non-recourse debt MUFG Americas Holdings Corporation Investor Presentation, 2Q20 26
High Quality Investment Portfolio 1 Investment Portfolio Commentary ($ in billions) • Agency residential and commercial mortgage-backed securities consist of securities guaranteed by a U.S. government corporation, such as Ginnie Mae, or a government-sponsored agency such as Freddie Mac or Fannie Mae • Commercial mortgage-backed securities are collateralized by commercial mortgage loans and are generally subject to prepayment penalties • CLOs consist of structured finance products that securitize a diversified pool of loan assets into multiple classes of notes • Other debt securities primarily consist of direct bank purchase bonds, which are not rated by external credit rating agencies Investment Portfolio Distribution2 Non-Agency RMBS: 2.9% US Treasury and Govt-Agency: 21.5% Non-Agency CMBS: 17.1% CLOs: 5.7% Direct Bank Purchase Bonds: 3.9% Other: 0.8% Agency MBS: 48.2% 1. Source: Fair value of securities in MUAH 10-Q Filing as of June 30, 2020 and March 31, 2020 respectively 2. Source: MUAH 10-Q Filing as of June 30, 2020; may not total 100% due to rounding MUFG Americas Holdings Corporation Investor Presentation, 2Q20 27
Interest Rate Risk Management of Exposures Other Than Trading Net Interest Income (NII) Sensitivity ($MM) Effect on NII % of Base Case NII $146.6 $149.6 +200 $107.3 bps 5.18% 5.35% 3.50% $28.1 $21.7 1.04% 0.74% (1.71)% 12-month horizon (2.37)% $(50.3) (3.06)% (2.87)% (2.89)% $(65.6) $(81.3) $(80.9) Gradual parallel yield curve shift over $(93.5) -100 bps 2Q19 3Q19 4Q19 1Q20 2Q20 Effect on NII % of Base Case NII For additional information regarding estimates and assumptions used in our net interest income sensitivity analysis see “Market Risk Management - Interest Rate Risk Management” in Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our 2019 Form 10-K. MUFG Americas Holdings Corporation Investor Presentation, 2Q20 28
Strong and High Quality Capital Base MUAH's capital ratios exceed the average of the Reference Banks1 Reference Banks' Average1 MUAH Capital Ratios Capital ratios: June 30, 2020 June 30, 2020 March 31, 2020 December 31, 2019 September 30, 2019 Regulatory: Common Equity Tier 1 risk-based capital ratio 10.26% 14.48% 13.88% 14.10% 13.81% Tier 1 risk-based capital ratio 11.79 14.48 13.88 14.10 13.81 Total risk-based capital ratio 14.16 15.65 14.79 14.73 14.48 Tier 1 leverage ratio 8.59 8.94 8.91 8.88 8.62 Other: Tangible common equity ratio2 7.49 8.88 8.84 8.45 8.19 ▪ MUAH reports its regulatory capital ratios under the standardized approach of the U.S. Basel III Rules. Under the revised Enhanced Prudential Standards (EPS) and joint agency capital and liquidity Tailoring Rules, MUAH is subject to Category IV requirements ▪ The increase in the second quarter of 2020 Common Equity Tier 1/Tier 1 ratio to 14.46% over the first quarter 2020's 13.88% position was driven primarily by a $4.0 billion reduction in RWA ▪ In June 2020, the Company received notice that the Federal Reserve Board (FRB) completed its review of MUAH’s Annual Capital Plan and notice of its preliminary stress capital buffer requirement which will become effective October 1, 2020 ▪ Due to the significant uncertainty caused by COVID-19, the FRB is requiring all CCAR firms, including MUAH, to reassess their capital needs and resubmit their capital plans to the FRB within 45 days after the Federal Reserve releases new supervisory scenarios 1. Reference Banks consist of 12 CCAR-filing public regional banks listed on slide 24 plus the four largest U.S. money center banks. Reference Banks’ average based on reporting through July 24, 2020 (Source: SNL Financial) 2. Non-GAAP financial measures. Refer to our separate reconciliation of no-GAAP financial measures in our 10-K and 10-Q for year/quarter ended June 30, 2020, March 31, 2020, December 31, 2019 and September 30, 2019 MUFG Americas Holdings Corporation Investor Presentation, 2Q20 29
Strong Credit Ratings For the rating agencies, strong capital and conservative asset quality help offset MUAH’s lower profitability and a higher level of wholesale funding relative to peers Senior Unsecured / ST Moody’s1 S&P2 Fitch3 Reference Banks’ Credit Ratings (7/24/2020) Holding Company Ratings Bank Ratings Mitsubishi UFJ A1 A- A- Long-term ratings S&P Moody's Fitch S&P Moody's Fitch Financial Group, Inc. U.S. Bancorp A+ A1 AA- AA- A1 AA- Parent P-1 - F1 Wells Fargo & Company BBB+ A2 A+ A+ Aa2 AA- Bank of America Corp. A- A2 A+ A+ Aa2 AA- MUFG Bank, Ltd. A1 A A- JPMorgan Chase & Co. A- A2 AA- A+ Aa2 AA OpCo P-1 A-1 F1 MUAH A- A2 A A A2 A Truist Financial Corp. A- A3 A+ A A2 A+ PNC Financial Services A- A3 A+ A A2 A+ MUFG Americas A2 A- A M&T Bank A- A3 A A A3 A Holdings Corporation - A-2 F1 Intermediate Holding Co. Citigroup Inc. BBB+ A3 A A+ Aa3 A+ Comerica BBB+ A3 A- A- A3 A- MUFG Union Bank, A2 A A Fifth Third Bancorp BBB+ Baa1 A- A- A3 A- N.A. P-1 A-1 F1 KeyCorp BBB+ Baa1 A- A- A3 A- OpCo Huntington BBB+ Baa1 A- A- A3 A- Capital One Financial Corp. BBB Baa1 A- BBB+ Baa1 A- MUFG Securities A A Citizens Financial Group BBB+ NR BBB+ A- Baa1 BBB+ Americas Inc. N/R Regions Financial Corp. BBB+ Baa2 BBB+ A- Baa2 BBB+ Broker Dealer A-1 F1 Zions Bancorporation - - - BBB+ Baa2 BBB+ 1. On November, 21, 2019, Moody's affirmed MUFG's ratings with a stable outlook. On December 4, 2019, Moody's affirmed the ratings of MUAH and MUB and the outlook was changed to negative from stable. 2. On April 24, 2020, S&P revised MUAH and MUB’s outlook to stable from positive. The change in outlook is followed by S&P’s revision to the MUFG Group’s outlook to stable from positive due to S&P's expectation that economic strain from the COVID-19 pandemic will put prolonged pressure on the asset quality and revenue of MUFG lowering the likelihood of MUFG Group being upgraded. 3. On May 1, 2020, Fitch affirmed MUAH, MUB and MUSA's long and short-term ratings. The Rating Watch Negative (assigned on April 16, 2020) has been removed and a negative outlook has been assigned due to concerns on the impact from COVID-19. On April 8, 2020, Fitch downgraded MUFG and MUFG Bank to A-/F1 outlook stable from A/F1 outlook negative. The downgrade was based on Fitch's view of a weaker and more challenging operating environment for Japanese banks as a result of COVID-19. On August 4, 2020, Fitch revised MUFG and MUFG Bank's outlook to negative from stable driven by the outlook revision on the Japan sovereign and the sensitivity to the group's Viability Ratings to the downside. MUFG Americas Holdings Corporation Investor Presentation, 2Q20 30
Appendix 31
MUFG's Journey in the Americas We serve our corporate and investment banking clients under the MUFG Brand; our consumer, wealth, and commercial Corporate and Investment Integration banking clients MUFG builds global banking formed of U.S. Banking under the Union network of overseas Operations Bank brand; and our bases comparable to Union Bank, formerly Union Bank becomes under MUAH/ Stephen Cummings direct banking major banks of known as Bank of wholly owned subsidiary of MUFG Union is named business under the Europe and U.S. California, is formed MUFG Bank CEO for the Americas PurePoint brand 1864 1970s 2008 2014 2015 2017 Today 1880 1988 2010 - 2013 2016 2019 2020 MUFG, formerly known MUFG acquires Acquired: Formation MUAH as Intermediate Acquired Intrepid Union Bank will as Yokohama Specie Union Bank • Tamalpais Bancorp (2010) of Regional Holding Company Investment use the FIS Bank, Bank of Tokyo, is ~$600 million assets Bank under Consolidates MUFG U.S. Bankers Modern formed Single Subsidiaries, including Banking • Frontier Bank (2010) Leadership MUFG Securities Americas Acquired Trade Platform to co- ~$3 billion assets (Enhanced Prudential Payable Services develop and Standards Implementation) (TPS), a leading co-engineer • Pacific Capital Bancorp (2012) supply chain systems that ~$6 billion assets finance platform, will be core to from GE Capital the banking • Smartstreet (2012) transformation ~$1 billion assets Acquired First program State • First Bank (2013) Investments (US) ~$550 million assets LLC as subsidiary of • PB Capital (2013) MUFG Fund ~$3.5 billion assets Services, a direct subsidiary of MUAH MUFG Americas Holdings Corporation Investor Presentation, 2Q20 32
Leadership Team and Board of Directors Stephen Cummings Kazuo Koshi Ryoichi Shinke MEO, REA and MEO of GCIB Business MEO, Group Deputy COO-I MEO, Deputy REA MUFG Group MUFG Deputy Group Head, GCIB Business Group MUFG MEO, REA, Deputy Chief Executive,GCIB MEO, Deputy COO-I MEO, Deputy REA, with oversight of Canada MUFG Business Unit and CEO for MUAH, GCIB MUFG MUFG Deputy Chief Executive, GCIB Business Unit and Latin America operations Bank Business Unit Bank Bank MUAH President & CEO MUAH Executive Chairman MUAH Deputy REA /MUB /MUB /MUB GLOBAL CORPORATE & TRANSACTION BANKING FINANCE LEGAL INVESTMENT BANKING (GCIB) Kevin Cronin Ranjana Clark Johannes Worsoe Michael Coyne Head of Corporate & Investment Head of Transaction Banking Chief Financial Officer General Counsel Banking - Americas REGIONAL BANK MUFG SECURITIES AMERICAS RISK HUMAN RESOURCES (MUSA) Greg Seibly William Mansfield Donna Dellosso Amy Ward Head of Regional Banking Regional Head of Global Markets / Chief Risk Officer Chief Human Resources Officer CEO MUSA JAPANESE CORPORATE CHIEF OF STAFF OPERATIONS & TECHNOLOGY OPERATIONAL EFFECTIVENESS BANKING Daisuke Bito Masatoshi Komoriya Christopher Higgins Francesca Lindner Head of Japanese Corporate Chief of Staff Chief Information & Operations Chief Operational Effectiveness Banking for the Americas Officer Officer Head of the Transformation Program MUAH/MUB Board Members Independent Board Members Shareholder Appointees • Kazuo Koshi • Roberta (Robin) A. Bienfait • Suneel Kamlani* • Stephen Cummings • John R. Elmore • Barbara L. Rambo • Masahiro Kuwahara • Michael D. Fraizer • Toby S. Myerson • Hiroshi Masaki • Ann F. Jaedicke • Dean A. Yoost • Kazuto Uchida MEO: Managing Executive Officer REA: Regional Executive for the Americas * Mr. Kamlani serves only on the Board of Directors of MUFG Americas Holdings Corporation MUFG Americas Holdings Corporation Investor Presentation, 2Q20 33
MUFG Americas takes pride in our Achievements in Banking and Serving Our Communities MUFG Inclusion & Diversity Achievements Strategic Partnerships We support and partner with professional development and community organizations that align with our inclusion and diversity strategy, including: • Asian Pacific Islander Scholarship Fund (APIASF) • DiversityInc Best Practices • Elevate Enterprise Resource Group (ERG), by Spectrum Bloomberg: Gender Human Rights Campaign: DiversityInc. Noteworthy Equality Index, 2017-2020 100% Corporate Equality Company, 2020 Knowledge Index, 2014-2020 • Equality California Institute • Financial Women Association, NY • National Latina Business Women Association • National Veterans Transition Services • Prism International, Inc. - Association of ERGs & Councils Black EOE Journal: Top 25 Women to Watch and Employer, Top LGBT- 25 Most Powerful Women U.S. Veterans Magazine: Best Friendly Employer, and Top • United Negro College Fund (UNCF) in Banking, 2011-2019 of the Best, 2017-2020 Financial & Banking Company, 2010-2020 Corporate Social Responsibility for the Americas CRA Rating of Outstanding Philanthropic Commitment to Communities Community Service Action Plan Goals 61,088 hours 10 million+ $41 billion $11.1 billion Volunteer hours3 completed by Individuals provided with basic In total pledged commitments under In environmentally sustainable MUFG Union Bank employees needs1 our 5-year Community Service finance1 in 2019 Action Plan1 7,900+ 34% $2.0 billion New businesses created1 Reduction commitment in In lending and investments to The MUFG Union Bank Foundation invests in small business technical assistance and greenhouse gas emissions2 support affordable housing1 access to capital programs with the goal of helping entrepreneurs expand their businesses 1. For the year ended 12/31/2018 2. For the twelve months ended 3/31/2019 3. For the year ended 12/31/2019 MUFG Americas Holdings Corporation Investor Presentation, 2Q20 34
MUAH Unsecured Long-Term Debt Outstanding and Maturity Schedule1 As of June 30, 2020 MUFG Americas Holdings Corp. Senior Subordinated Preferred External Issued to MUFG Bank External Issued to MUFG Bank $400MM 3.50% Notes due 6/2022 $3,250MM Floating Rate Term Loan due 12/2022 -- -- $400MM 3.00% Notes due 2/2025 $125MM Floating Rate Term Loan due 12/2022 $1,625MM Floating Rate Term Loan due 12/2023 $1,765MM Floating Rate Term Loan due 12/2023 €21.7MM Floating Rate Term Loan due 12/2023 MUFG Union Bank, N.A. Senior Subordinated Preferred External Issued to MUFG Bank External Issued to MUFG Bank $1000MM 3.15% Notes due 4/2022 -- -- $300MM Floating Rate Notes due 3/2022 $700MM 2.10% Notes due 12/2022 $300MM Floating Rate Notes due 12/2022 Other MUAH Subsidiaries Senior Subordinated Preferred External Issued to MUFG Bank / Affiliates External Issued to MUFG Bank / -- $250MM Floating Rate Term Loans due 12/2020 - 5/2021 -- -- $104MM Fixed Rate Term Loans due 9/2020 - 6/2023 Long-Term Debt Redemption Schedule - Next 10 Years MUB Term Debt MUAH Term Debt Other MUAH Subs² 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1. Excludes non-recourse debt, junior subordinated debt, FHLB Loans and capital leases 2. Based on various float and fixed rate borrowings due between 2020 and 2023 MUFG Americas Holdings Corporation Investor Presentation, 2Q20 35
Contacts Contacts Daniel Weidman Stanley Cecala Managing Director, Corporate Communications Director, Investor Relations 213-236-4050 212-782-5629 daniel.weidman@unionbank.com stanley.cecala@unionbank.com Investor Relations MUFG Americas Holdings Corporation 212-782-6872 DebtCapitalMarketsIR@unionbank.com MUFG Americas Holdings Corporation Investor Presentation, 2Q20 36