Anz Group Holdings Limited · ASX:ANZ
Anz — H1 2024 Earnings Presentation
142 slides from Anz's earnings presentation, May 7, 2024
Slide 1: 2024 Half Year Results
2024 HALF YEAR RESULTS HALF YEAR ENDED 31 MARCH 2024 RESULTS PRESENTATION AND INVESTOR DISCUSSION PACK 7 MAY 2024 Approved for distribution by ANZ’s Continuous Disclosure Committee ANZ Group Holdings Limited ABN 16 659 510 791 9/833 Collins Street Docklands Victoria 3008 Australia
Slide 2: Contents
ANZ 2024 Half Year Results Results Presentations 3 Chief Executive Officer (CEO) 3 Chief Financial Officer (CFO) 17 Investor Discussion Pack 31 Group Performance 31 Divisional Performance 43 CONTENTS Treasury 71 Risk Management 83 Housing Portfolio 101 Corporate Profile 112 Environment, Social & Gov
Slide 3: Important Information – Forward-Looking Statements
ANZ 2024 Half Year Results IMPORTANT INFORMATION – FORWARD-LOOKING STATEMENTS The material in this presentation contains general background information about the Group’s activities current as at 6 May 2024. It is information given in summary form and does not purport to be complete. It is not intend
Slide 4: 2024 Half Year Results – CEO
2024 HALF YEAR RESULTS SHAYNE ELLIOTT CHIEF EXECUTIVE OFFICER
Slide 5: Our purpose
ANZ 2024 Half Year Results Our purpose is to shape a world where people and communities thrive 4
Slide 6: Financial Performance
ANZ 2024 Half Year Results FINANCIAL PERFORMANCE Revenue Returns Capital Strength Net Tangible Assets $b Cash Return on Equity, % APRA Level 2 CET1 Ratio2, % NTA / Share, $ 10.54 12.2 10.35 22.05 10.7 13.5 21.65 8.95 9.7 10.0 11.4 13.2 8.42 11.4 12.4 20.57 20.64 10.1 11.5 10.1 11.8 1H21 1H22 1H23 1H
Slide 7: Supporting Our Customers
ANZ 2024 Half Year Results SUPPORTING OUR CUSTOMERS Investing in new security measures and capabilities Protecting our systems, services and customer data Helping protect customers & community from threat of scams & Resilient customer services with layers of defence to protect our systems, financial
Slide 8: 1H24 Financial Results
ANZ 2024 Half Year Results 1H24 FINANCIAL RESULTS 1H24 vs 1H23 (PCP) vs 2H23 (HoH) Statutory profit, $m 3,407 -4% -4% Cash Profit basis, $m Revenue 10,347 -2% Flat Expenses 5,215 4% 1% Cash Profit 3,552 -7% -1% Return on equity, % 10.1% -133bps -42bps Earnings per share - basic, cents 118.3 -8% -1%
Slide 9: Portfolio Diversification
ANZ 2024 Half Year Results PORTFOLIO DIVERSIFICATION Revenue contribution – 4 major divisions, $b Revenue ROE1 2.4 incl. Commercial change 10.3 customer revenue booked (1H24 vs 1H21) (1H24) 10.0 in other divisions 8.8 1.8 1.7 8.4 Australia Commercial +32% ~25% 1.3 1.6 1.8 1.8 1.5 1.6 New Zealand +19
Slide 10: FY24 Priorities
ANZ 2024 Half Year Results FY24 PRIORITIES Invest to build and sustain Continue to run the Complete the acquisition contemporary digital Group prudently of Suncorp Bank capabilities Grow ANZ Plus Further improve Invest more in customers, deepen productivity Commercial strategy engagement 9
Slide 11: Growing ANZ Plus Customers, Deepening Engagement
ANZ 2024 Half Year Results GROWING ANZ PLUS CUSTOMERS, DEEPENING ENGAGEMENT ANZ Plus customers and deposits, cumulative Customers, ‘000s Deposits, $b 700 14 600 12 500 10 400 8 300 6 200 4 100 2 0 0 Sep 22 Dec 22 Mar 23 Jun 23 Sep 23 Dec 23 Mar 24 Total deposits Customers A diverse customer base Up
Slide 12: Growing ANZ Plus Customers, Deepening Engagement
ANZ 2024 Half Year Results GROWING ANZ PLUS CUSTOMERS, DEEPENING ENGAGEMENT More attractive More efficient Cost to acquire3 Cost to serve3 New to bank customers1 45% lower 51% -3% than ANZ 30% lower 45% -16% 35% than ANZ Mar 23 Sep 23 Mar 24 Sep 23 Mar 24 Sep 23 Mar 24 More engaging More secure Cust
Slide 13: Further Enhancing Platforms
ANZ 2024 Half Year Results FURTHER ENHANCING PLATFORMS Payments1 Direct Integration Payments1,2 Real Time Payments1,2 Client monies3, m m NPP Agency, m Platform Cash Mgt, $b +11% +20% +7% +2% 138 24 3.88 3.96 341 320 124 3.67 295 20 99 15 2.49 171 64 8 1H21 1H22 1H23 1H24 1H21 1H22 1H23 1H24 1H21 1H
Slide 14: Investing in Technologies Driving Productivity Improvements
ANZ 2024 Half Year Results INVESTING IN TECHNOLOGIES DRIVING PRODUCTIVITY IMPROVEMENTS Applications hosted on Cloud Improved outcomes for Home Loan customers % of total production apps Rework per new application, Indexed data Pre-assessment (document handling) processing time 48% -24% 100 37% 79 76
Slide 15: Well Positioned for the Environment
ANZ 2024 Half Year Results WELL POSITIONED FOR THE ENVIRONMENT Change in portfolio composition Structurally well positioned Diversified portfolio, unique global network EAD $b Other 14% 21% Sovereigns Purpose led culture & people Highly engaged workforce 9% 10% Banks & FIs Appropriate customer portf
Slide 16: Major Project Pipeline Estimated to Exceed $100b by 2026
ANZ 2024 Half Year Results MAJOR PROJECT PIPELINE ESTIMATED TO EXCEED $100B BY 2026 Australian major1 project pipeline by sector, $b 120 100 80 60 40 20 0 20-21 21-22 22-23 23-24f 24-25f 25-26f Roads Rail Electricity Oil and gas Mining Hospitals Communications Other Source: Federal, state and territ
Slide 17: FY24 Priorities
ANZ 2024 Half Year Results FY24 PRIORITIES Invest to build and sustain Continue to run the Complete the acquisition contemporary digital Group prudently of Suncorp Bank capabilities Grow ANZ Plus Further improve Invest more in customers, deepen productivity Commercial strategy engagement 16
Slide 18: 2024 Half Year Results – CFO
2024 HALF YEAR RESULTS FARHAN FARUQUI CHIEF FINANCIAL OFFICER
Slide 19: Financial Performance Summary
ANZ 2024 Half Year Results FINANCIAL PERFORMANCE SUMMARY Financial Performance, $m Financial performance 1H24 vs 2H23 5,543 Cash EPS, cents 118 -1 cent 5,223 5,132 4,811 Cash ROE, %1 10.1 -42bps 3,829 Cash ROTE, %1 10.7 -46bps 4,157 3,584 3,552 Customer Deposits (Avg), $b 664 +3% 3,402 3,113 Gross L
Slide 20: Group Operating Income
ANZ 2024 Half Year Results GROUP OPERATING INCOME Total Operating Income, $m Total Operating Income drivers, $m 10,540 10,365 10,347 254 10,422 9,599 1,149 10,365 10,347 958 1,212 755 -75 1,055 1,353 1,172 1,361 -91 -61 -45 Includes loss on sale of AmBank -21 8,336 8,054 7,963 7,483 -0.2% +0.5% 2H22
Slide 21: Loans and Deposits
ANZ 2024 Half Year Results LOANS AND DEPOSITS Net Loans and Advances, $b FX Adj 10.1 2.3 1.6 715.2 704.5 -3.3 +3% +4% -2% +1% NZD Sep 23 Australia Retail Australia Commercial Institutional New Zealand Mar 24 Customer Deposits ex Markets, $b FX Adj 7.5 3.1 2.2 655.0 644.3 -2.1 +5% +3% -1% +2% NZD Com
Slide 22: Group Net Interest Income
ANZ 2024 Half Year Results GROUP NET INTEREST INCOME Net Interest Income (NII) excluding Markets1, $m 4,277 3,975 4,060 4,026 4,029 4,026 3,938 3,508 2.47% 3,370 3,314 2.38% 2.39% 2.36% 2.34% 2.33% 2.32% 2.15% 2.09% 2.07% 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 Days 92 90 91 92 92 90 91 92
Slide 23: Group Net Interest Margin (NIM)
ANZ 2024 Half Year Results GROUP NET INTEREST MARGIN (NIM) Group NIM movements (prior to Markets activities impact), bps 165 3 163 0 0 -1 -4 Incl -3 Housing Increased rate (Aus / NZ) partially offset by reduced volume -2bps 2H23 Assets pricing Deposits pricing Assets and Capital and Wholesale fundin
Slide 24: Markets Income
ANZ 2024 Half Year Results MARKETS INCOME Total Markets Income, $m +5% Customer Franchise Income, $m +27% 1,212 +15% 1,149 1,040 +30% 931 958 869 812 757 125 755 112 670 118 575 80 76 53 35 30 158 232 111 189 869 757 617 670 590 575 478 407 394 381 370 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H22 1H23 2H
Slide 25: Group Net Interest Margin - Accounting for Markets Income
ANZ 2024 Half Year Results GROUP NET INTEREST MARGIN - ACCOUNTING FOR MARKETS INCOME Group NIM, bps Markets Avg. Interest Earning Assets (AIEA)1, % of Group AIEA 165 163 -2 32.6% 156 29.3% 30.0% -7 28.4% Mix impact (-5bps): growth in Markets AIEA1 relative to total Group AIEA, 2H23 Underlying 1H24 e
Slide 26: Operating Expenses
ANZ 2024 Half Year Results OPERATING EXPENSES Total Operating Expenses, $m 96 252 -41 5,215 5,149 -201 -40 Incl. Cloud Incl. and ANZ seasonal Plus run factors costs +1% 2H23 FX Adj. Wage & vendor Strategic initiatives Other Productivity Initial 1H24 inflation1 CSLR Levy 1. Includes increase in emplo
Slide 27: Productivity
ANZ 2024 Half Year Results PRODUCTIVITY Cumulative productivity savings, $m 1,600 1H24 sustainable productivity savings by category Largest impact from Technology services $62m 1,400 productivity in a half Technology estate simplification through ongoing migration of applications to the Cloud, sof
Slide 28: Credit Quality
ANZ 2024 Half Year Results CREDIT QUALITY Individual Provision Loss Rate Internal Expected Loss, bps Individual Provision Charge (IP) / Average Gross Loans & Advances1, % 35 30 0.35 25 20 0.30 15 10 0.25 Sep 16 Sep 17 Sep 18 Sep 19 Sep 20 Sep 21 Sep 22 Sep 23 Mar 24 0.20 Total Exposures and Risk int
Slide 29: Credit Quality
ANZ 2024 Half Year Results CREDIT QUALITY Collective Provision Balance, $b Base case forecasts1 Australia New Zealand CY2024 CY2025 CY2024 CY2025 10.00 Australia 4.03 4.05 GDP change2 1.3% 2.0% 0.9% 1.3% 0.53 0.73 Unemployment rate3 4.1% 4.3% 4.5% 5.3% 3.28 Residential property price change2 5.7% 5.
Slide 30: Capital, Funding & Liquidity
ANZ 2024 Half Year Results CAPITAL, FUNDING & LIQUIDITY APRA Level 2 Common Equity Tier 1 (CET1) Ratio, % NSFR & LCR Ratios, % 134 0.83 118 -0.12 100% 0.15 13.50 13.34 -0.64 -0.06 NSFR (Mar 24) LCR (1H24 avg) -1.23 0.04 11.85 Wholesale funding, 1H24 issuance1 -0.46 4 Senior Unsec. 2 Covered Bonds Ti
Slide 31: Key Messages
ANZ 2024 Half Year Results KEY MESSAGES Strong Diversification Progressed where we Delivered Focused on 1H24 results served us well said we would productivity gains supporting customers Consolidation and delivery Momentum across all 4 divisions Suncorp Bank, ANZ Plus, Funding a record proportion of
Slide 32: Investor Discussion Pack – Group Performance
2024 HALF YEAR RESULTS INVESTOR DISCUSSION PACK GROUP PERFORMANCE
Slide 33: Shareholder Returns
ANZ 2024 Half Year Results SHAREHOLDER RETURNS Dividend Per Share (DPS), cents Earnings Per Share (EPS), cents Cash Dividend Payout Ratio (DPOR), % 247 65% 65% 71% 229 218 175 120 119 146 113 142 79 63 65 94 72 74 128 118 105 110 70 83 67 65 64 70 72 81 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 F
Slide 34: Supporting Our Stakeholders
ANZ 2024 Half Year Results SUPPORTING OUR STAKEHOLDERS Our people Employing over 40,000 staff, paying salaries and investing in their skills 9% Our suppliers and other partners Technology, property and other products and Our customers & 6% services to help support our customers Distribution fixed in
Slide 35: Balance Sheet Composition
ANZ 2024 Half Year Results BALANCE SHEET COMPOSITION Exposure At Default1, EOP $b Risk Weighted Assets, EOP $b Net Loans & Advances, EOP $b Customer Deposits, EOP $b 1,193 455 707 715 649 647 641 1,152 1,163 1,151 690 0% 620 1% 1% 2% 436 433 433 672 0% 0% 8% 6% 0% 1% 7% 6% 4% 3% 4% 0% 13% 17% 17% 15
Slide 36: Net Loans and Advances
ANZ 2024 Half Year Results NET LOANS AND ADVANCES Australia Retail, $b Australia Commercial, $b New Zealand, NZDb Institutional, $b +3% +4% +1% -2% 312 322 64 133 208 210 62 131 207 206 301 6 60 60 0 129 128 290 6 1 21 19 20 18 6 2 1 24 6 25 25 26 22 2 41 45 21 2 1 1 41 45 20 20 306 316 284 295 101
Slide 37: Customer Deposits
ANZ 2024 Half Year Results CUSTOMER DEPOSITS Australia Retail, $b Australia Commercial, $b New Zealand, NZDb Institutional, $b +5% +2% +3% -6% 172 116 109 278 165 112 113 113 104 105 106 263 1 266 156 2 1 249 150 1 47 21 27 33 45 30 44 38 42 46 49 128 43 106 113 98 33 37 16 27 61 22 57 57 57 22 38 2
Slide 38: Total Operating Income
ANZ 2024 Half Year Results TOTAL OPERATING INCOME Total Income, $b Net Interest Income, $b Other Operating Income, $b 10.5 8.5 2.5 10.4 10.3 0.2 0.2 8.1 2.3 0.1 0.4 0.3 7.9 0.2 0.2 0.1 0.2 1.8 1.6 1.8 1.8 2.0 1.6 0.3 1.6 0.1 0.0 0.9 3.4 2.1 3.3 3.6 2.0 1.9 0.9 1.0 1.6 1.8 1.6 1.6 1.8 1.7 1.3 1.0 0.9
Slide 39: Reported Group Ex Markets Risk Adjusted Net Interest Margin Trend
ANZ 2024 Half Year Results REPORTED GROUP EX MARKETS RISK ADJUSTED NET INTEREST MARGIN TREND1 Group ex Markets NIM, bps 550 500 450 400 350 300 250 200 150 100 1H12 2H12 1H13 2H13 1H14 2H14 1H15 2H15 1H16 2H16 1H17 2H17 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 Flat or declini
Slide 40: Risk Adjusted Margin
ANZ 2024 Half Year Results RISK ADJUSTED MARGIN Group1 Australia Retail Australia Commercial Institutional1 New Zealand, NZD Net Interest Income / Avg Credit Risk Weighted Assets (CRWA), % 8.84 8.70 8.37 6.16 6.42 5.57 5.42 5.19 5.19 5.10 5.50 3.51 3.67 4.92 2.94 1H23 2H23 1H24 1H23 2H23 1H24 1H23 2
Slide 41: Risk Adjusted Return
ANZ 2024 Half Year Results RISK ADJUSTED RETURN Group Australia Retail Australia Commercial Institutional New Zealand, NZD Profit Before Provisions / Avg Total Risk Weighted Assets (RWA), % 4.30 4.37 4.20 3.58 2.62 3.13 3.23 2.46 2.40 2.38 2.14 1.81 2.47 2.09 2.12 1H23 2H23 1H24 1H23 2H23 1H24 1H23
Slide 42: Operating Expenses
ANZ2024 ANZ 2024Half HalfYear YearResults Results OPERATING EXPENSES Total expenses1, $b FTE by geography, ‘000 Capitalised Software Balance2, $b 5.2 40.3 40.3 3.0 5.1 39.8 5.0 0.6 0.6 0.6 0.7 0.7 13.0 13.5 13.7 2.5 0.6 1.3 1.4 1.4 2.0 7.3 7.2 7.2 0.7 0.7 0.8 1.5 19.6 19.6 19.3 1.7 1.8 1.7 1.0 1H24
Slide 43: Net Interest Margins (NIM) – Half Yearly Trends
ANZ 2024 Half Year Results NET INTEREST MARGINS (NIM) – HALF YEARLY TRENDS1 NIM – Regional View, bps NIM – Divisional View, bps 1H24 quarterly Avg 1H24 AIEA2, $b 1H24 quarterly Avg 1H24 AIEA2, $b trends trends New Zealand $140b Aus Comm.3 $64b NZ Division $123b Australia $418b Rest of World $63b Ins
Slide 44: Divisional Performance
2024 HALF YEAR RESULTS INVESTOR DISCUSSION PACK DIVISIONAL PERFORMANCE
Slide 45: Australia Retail
ANZ 2024 Half Year Results AUSTRALIA RETAIL Growing digital engagement % of accounts opened through Retail digital • Maintained time to first decision1 within 2 days Home loan channels4 • Broker NPS improved 16 points to highest ever level capability • Enabled lending growth 1.5x system (Investor: 2
Slide 46: Australia Retail – Financial Performance
ANZ 2024 Half Year Results AUSTRALIA RETAIL – FINANCIAL PERFORMANCE Income Expenses Returns Income composition, $m Total expenses, $m Cash Profit, $m 3,311 1,703 1,758 1,735 1,064 3,068 2,909 296 874 374 301 794 3,015 2,694 2,608 1H23 2H23 1H24 1H23 2H23 1H24 1H23 2H23 1H24 Net Interest Income Other
Slide 47: Australia Retail – Financial Strength
ANZ 2024 Half Year Results AUSTRALIA RETAIL – FINANCIAL STRENGTH Balance sheet Exposures Credit quality Net Loans and Advances (NLA), $b Exposure at Default & Risk Weighted Assets, $b Total Provision Charge/(Release), $m 301 312 322 6 6 6 354 362 82 341 32 53 43 295 306 316 50 48 118 128 130 49 5 -6
Slide 48: Australia Retail – Contribution
ANZ 2024 Half Year Results AUSTRALIA RETAIL – CONTRIBUTION Group & Retail contribution, 1H24 $b Income Net Loans and Advances (NLA) 316 306 16 295 14 28% 12 10 55% 45% 8 6 6 6 6 72% 4 Home Loans Cards, Personal Loans & Other Mar 23 Sep 23 Mar 24 Cash Profit After Tax Customer Deposits $b 180 160 140
Slide 49: Australia Commercial
ANZ 2024 Half Year Results AUSTRALIA COMMERCIAL Momentum in Digital Solution • ~24% of total group revenue1 GoBiz Applications & Drawn FUM, Index Sep 22 = 100 Commercial customer • ~64% of customers have at least one Retail product 700 contribution • ~70% of Transactive Global users are Commercial 6
Slide 50: Australia Commercial – Financial Performance
ANZ 2024 Half Year Results AUSTRALIA COMMERCIAL – FINANCIAL PERFORMANCE Income Expenses Returns Income composition, $m Total expenses, $m Cash Profit, $m 1,807 1,782 1,749 738 763 739 685 701 665 175 190 169 1,632 1,592 1,580 1H23 2H23 1H24 1H23 2H23 1H24 1H23 2H23 1H24 Net Interest Income Other Ope
Slide 51: Australia Commercial – Financial Strength
ANZ 2024 Half Year Results AUSTRALIA COMMERCIAL – FINANCIAL STRENGTH Balance sheet Exposures Credit quality Net Loans and Advances1 (NLA), $b Exposure at Default & Risk Weighted Assets, $b Total Provision Charge, $m 64 61 75 59 71 73 66 47 47 47 9 41 35 57 33 26 8 9 Mar 23 Sep 23 Mar 24 Mar 23 Sep 2
Slide 52: Australia Commercial – Contribution
ANZ 2024 Half Year Results AUSTRALIA COMMERCIAL – CONTRIBUTION Group & Commercial contribution, 1H24 Income Net Loans and Advances (NLA) $b 62 64 60 60 0 2 1 1 17% 21 22 20 20 91% 9% 38 39 40 42 83% Sep 22 Mar 23 Sep 23 Mar 24 SME Banking Specialist Business Central Functions Cash Profit After Tax C
Slide 53: Australia Commercial – Composition & Risk Weight Intensity
ANZ 2024 Half Year Results AUSTRALIA COMMERCIAL – COMPOSITION & RISK WEIGHT INTENSITY Diversified portfolio – Geographical view Security profile Mar 24 % of Exposure at Default (EAD)1 % of Exposure at Default (EAD)2 5% 8% 3% 3% 3% 32% 5% 5% 5% 11% VIC/TAS WA NSW/ACT SA/NT 11% 11% 10% QLD Other 16% 2
Slide 54: New Zealand
ANZ 2024 Half Year Results NEW ZEALAND Long term improvement in efficiency • #1 market position in New Zealand, incl. Home Cost to income ratio % Market Loans, Agri and KiwiSaver 45 strength • #1 Brand Consideration among banks in NZ 40 39 • ~1.8m digitally active customers 38 • ~1.2m customers are
Slide 55: New Zealand Division – Financial Performance
ANZ 2024 Half Year Results NEW ZEALAND DIVISION – FINANCIAL PERFORMANCE Income Expenses Returns Income composition, NZDm Total expenses, NZDm Cash Profit, NZDm 1,937 1,921 1,916 689 719 729 839 837 852 216 227 224 1,721 1,694 1,692 1H23 2H23 1H24 1H23 2H23 1H24 1H23 2H23 1H24 Net Interest Income Oth
Slide 56: New Zealand Division – Financial Strength
ANZ 2024 Half Year Results NEW ZEALAND DIVISION – FINANCIAL STRENGTH Balance sheet Exposures1,3 Credit quality Net Loans and Advances (NLA) , NZDb Exposure at Default & Risk Weighted Assets, Total Provision Charge, NZDm 133 NZDb 128 131 149 151 153 82 10 77 76 73 40 72 19 4 21 14 -10 Mar 23 Sep 23 M
Slide 57: New Zealand Division – Contribution
ANZ 2024 Half Year Results NEW ZEALAND DIVISION – CONTRIBUTION Group & New Zealand Division contribution, 1H24 (AUD) Income Net Loans and Advances (NLA) NZDb 128 131 133 25 25 24 83% 17% 83% 17% 103 106 109 Mar 23 Sep 23 Mar 24 Personal Business & Agri Cash Profit After Tax Customer Deposits NZDb 10
Slide 58: New Zealand Division – Balance Sheet
ANZ 2024 Half Year Results NEW ZEALAND DIVISION – BALANCE SHEET Housing 1 Business2 Agri ANZ Performance, NZDb ANZ Performance, NZDb ANZ Performance, NZDb 150 10 20 104.6 107.3 109.5 7.3 6.9 6.6 15.1 15.1 15.0 100 5 10 50 0 0 0 Mar 23 Sep 23 Mar 24 Mar 23 Sep 23 Mar 24 Mar 23 Sep 23 Mar 24 Owner Occ
Slide 59: Customer Engagement
ANZ 2024 Half Year Results CUSTOMER ENGAGEMENT • Proactively contacted over 200k homeowner customers to offer extra support Financial • More than 8.5k customers completed a Home Loan Check In Wellbeing • Over 90k interactions with our Financial Wellbeing Hub in the last six months • Expanded scam aw
Slide 60: Australia & New Zealand 90+ Days Past Due (DPD)
ANZ 2024 Half Year Results AUSTRALIA & NEW ZEALAND 90+ DAYS PAST DUE (DPD) Consumer portfolio1 90+ DPD as a % of total portfolio balances 1.50 1.25 1.00 0.75 0.50 0.25 0.00 Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar 18 18 19 19 19 19 20 20 20 20 21 21
Slide 61: Institutional – Summary
ANZ 2024 Half Year Results INSTITUTIONAL – SUMMARY Customer Franchise Revenue1, $m Risk Adjusted NIM2,3, bps Transactional Deposits & Payments Operational / At-call Deposit NIM # of Digital 3,052 3,226 236 3,003 194 227 Deposits ($b) (bps) Payments Processed (m) 152 2,400 1,613 1,584 1,794 107 87 34
Slide 62: Institutional – Financial Performance
ANZ 2024 Half Year Results INSTITUTIONAL – FINANCIAL PERFORMANCE Income Expenses Returns Income composition, $m Total expenses, $m Cash Profit, $m 1,388 1,444 1,589 1,522 3,444 3,569 1,340 1,360 3,290 618 598 1,373 1,321 1,687 500 248 251 259 2,071 1,969 1,882 723 665 609 1H23 2H23 1H24 1H23 2H23 1H
Slide 63: Institutional – Financial Strength
ANZ 2024 Half Year Results INSTITUTIONAL – FINANCIAL STRENGTH Balance sheet Exposures Credit quality Net Loans and Advances (NLA), $b Exposure at Default1 & Risk Weighted Assets, $b Total Provision Charge, $m 208 210 206 541 529 508 30 43 5 -36 -49 183 175 171 -79 -6 -6 -74 Mar 23 Sep 23 Mar 24 Mar
Slide 64: Institutional – Contribution
ANZ 2024 Half Year Results INSTITUTIONAL – CONTRIBUTION Group & Institutional contribution, 1H24 $b Income Net Loans and Advances (NLA) 208 210 206 41 45 45 66% 19 20 18 71% 148 145 143 29% Mar 23 Sep 23 Mar 24 34% Corporate Finance Transaction Banking Markets Cash Profit After Tax Customer Deposits
Slide 65: Institutional – Income
ANZ 2024 Half Year Results INSTITUTIONAL – INCOME Income composition by product1, $m Income composition by region, $m 3,569 3,569 3,444 3,444 3,290 3,290 1,212 1,149 958 1,395 1,390 1,201 9 862 922 916 481 501 485 243 238 242 1,569 1,608 1,673 1,196 1,180 1,190 -6 -8 1H23 2H23 1H24 1H23 2H23 1H24 Co
Slide 66: Institutional Margins
ANZ 2024 Half Year Results INSTITUTIONAL MARGINS1 Risk Adjusted NIM drivers, bps Risk Adjusted NIM – by geography, bps 15 367 Institutional Australia & PNG 351 0 0 1 360 373 351 367 292 294 253 240 222 230 222 202 208 208 2H23 Mix Deposit Asset Model / 1H24 1H21 2H21 1H22 2H22 1H23 2H23 1H24 1H21 2H
Slide 67: Institutional – Credit Risk Weighted Assets (CRWA)
ANZ 2024 Half Year Results INSTITUTIONAL – CREDIT RISK WEIGHTED ASSETS (CRWA) CRWA average by product 1, $b CRWA average by region, $b 165 165 3 145 141 145 141 35 3 3 60 19 34 35 54 49 19 18 19 20 20 108 88 85 86 71 72 1H23 2H23 1H24 1H23 2H23 1H24 Corporate Finance Trade Markets Other Aus. & PNG N
Slide 68: Institutional – Markets Income Composition
ANZ 2024 Half Year Results INSTITUTIONAL – MARKETS INCOME COMPOSITION Markets Income composition, $m Markets avg. Value at Risk (99% VaR), $m 1,490 • Traded VaR increased slightly due to a modest increase in risk positioning. 131 • Non-Traded VaR increased as the volume and tenor in Liquidity portfo
Slide 69: Consistency of Markets Income
ANZ 2024 Half Year Results CONSISTENCY OF MARKETS INCOME Markets historical monthly income, $m Characteristics of monthly income distribution Historical monthly revenue distribution (FY15-1H24) • 1H24 revenue of $1,212m exceeded the long run through-the-cycle performance of the Markets business. • O
Slide 70: Payments & Cash Management
ANZ 2024 Half Year Results PAYMENTS & CASH MANAGEMENT PCM Deposit Volumes & Margins1 Change vs PCM Deposit Volumes & Rate Sensitivity, $b Balance, $b pre-pandemic 1H24 vs 2H19 $150b 153 149 152 150 37 11% 102 46 46 43 29% Term Deposits 31 Volumes 11% 116 103 106 107 Operational / At-call (AUPNG) 71
Slide 71: Digital Platforms – Scalable Operating Leverage, Capital Light
ANZ 2024 Half Year Results DIGITAL PLATFORMS – SCALABLE OPERATING LEVERAGE, CAPITAL LIGHT Payments1 Direct Integration Payments1,2 Real Time Payments1,2 Client Monies m m NPP Agency, m Platform Cash Mgt. Accounts3, k +11% 76 231 312 411 400 +7% +20% Deposit Balance4, $b +2% 341 138 320 124 24 295 20
Slide 72: Treasury
2024 HALF YEAR RESULTS INVESTOR DISCUSSION PACK TREASURY
Slide 73: ANZ Group Capital
ANZ 2024 Half Year Results ANZ GROUP CAPITAL ANZ Group Capital Composition, $b ANZ Bank Group Key Capital Ratios (%) Mar 23 Sep 23 Mar 24 95.8 CET1 Composition Level 2 CET1 capital ratio 13.2 13.3 13.5 90.6 91.9 82.8 0.7 Level 2 CET1 HoH mvmt +89 bps +16 bps +16 bps 0.2 Level 2 CET1 capital ratio ~1
Slide 74: Regulatory Capital
ANZ 2024 Half Year Results REGULATORY CAPITAL ANZ Bank Group Capital ● ANZ’s current Tier 2 ratio is 6.5% (i.e. at the final Tier 2 requirement of 6.5% of RWA by January 2026) ● Level 2 CET1 ratio of 13.5% (19.7% on an Internationally Comparable basis) or ● ANZ’s total capital ratio is 21.9% (~19.7%
Slide 75: Regulatory Capital – Risk Weighted Assets
ANZ 2024 Half Year Results REGULATORY CAPITAL – RISK WEIGHTED ASSETS Risk weighted assets – Level 2, $b Total Credit RWA decrease -$0.6b 6.8 0.0 1.0 433.3 431.6 3.0 432.8 -1.7 -5.7 -3.9 Sep 23 CRWA FX impacts Sep 23 Divisional Lending Risk Impacts Other CRWA Operational Market Risk & IRRBB IRB Floor
Slide 76: Internationally Comparable Regulatory Capital Position
ANZ 2024 Half Year Results INTERNATIONALLY COMPARABLE REGULATORY CAPITAL POSITION Level 2 capital ratio (APRA vs internationally comparable)1, % 29.1 29.8 30.7 7.2 7.6 8.5 20.6 21.0 21.9 2.5 2.5 2.5 5.5 5.8 6.5 1.9 1.9 1.9 19.4 19.7 19.7 13.2 13.3 13.5 APRA Int. Comparable APRA Int. Comparable APRA
Slide 77: Balance Sheet Structure
ANZ 2024 Half Year Results BALANCE SHEET STRUCTURE1 Pro forma NSFR is ~117% once RSF benefit NSFR movement, % associated with TFF is removed Balance sheet composition, Mar 24 1.3 0.2 118.1 1.9 Offshore Short Term W’sale Debt 4% 116.3 -0.3 Domestic Short Term Wholesale Debt and -1.3 Liquid and Other
Slide 78: Liquidity Coverage Ratio (LCR) Summary
ANZ 2024 Half Year Results LIQUIDITY COVERAGE RATIO (LCR) SUMMARY1 Movement in average LCR surplus2, $b LCR composition, Average 1H24 $b 282 Other LCR Liquids4 2H23 1H24 Avg LCR 132% Avg LCR 134% 11 211 -1 Wholesale funding 3 HQLA1 of which: 71 59% Central Bank Cash -1 35% FVOCI5 5% Mark to Market 6
Slide 79: Term Wholesale Funding Portfolio
ANZ 2024 Half Year Results TERM WHOLESALE FUNDING PORTFOLIO1 Issuance2, $b Maturities2,3, $b 404 32 32 24 25 26 22 22 21 17 16 15 16 13 9 8 1 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 1H24 2H24 FY25 FY26 FY27 FY28 FY29 FY30 FY31+ Senior Unsecured Covered Bonds Tier 2 RMBS TFF NZ FLP / TLF Portfolio by
Slide 80: Term Wholesale Funding Issuance
ANZ 2024 Half Year Results TERM WHOLESALE FUNDING ISSUANCE1 ANZ has access to a diverse range of wholesale funding A growing domestic market drives larger AUD benchmark deals Average AUD senior unsecured benchmark deal size2, $b • 1H24 term funding issuance of $21b, ahead of schedule with expected 5
Slide 81: Total Loss-Absorbing Capacity (TLAC) Profile
ANZ 2024 Half Year Results TOTAL LOSS-ABSORBING CAPACITY (TLAC) PROFILE1 ANZ is well placed to meet APRA’s final TLAC requirements Tier 2 capital, Notional amount % • Total regulatory capital ratio is 21.9% (~19.7% pro forma for Suncorp Bank acquisition and Share buyback). On an Internationally Comp
Slide 82: Capital & Replicating Deposits Portfolio
ANZ 2024 Half Year Results CAPITAL & REPLICATING DEPOSITS PORTFOLIO Australia, % Portfolio Earnings Rate is a combination of term swap Portfolio earnings rate, Average % 5 rates (hedged component) and 3mth BBSW (unhedged) Australia New Zealand 4 1H21 0.92% 1.09% 3 2H21 0.85% 0.99% 2 1H22 0.84% 1.13%
Slide 83: Capital & Liquidity Framework
ANZ 2024 Half Year Results CAPITAL & LIQUIDITY FRAMEWORK1 CY2024 CY2025 CY2026 Implementation Date RBNZ Capital Framework Transition 2028 Fundamental Review of the Trading Book Consultation Implementation (TBC) 2026 (TBC) (incl. Counterparty Credit Risk) Interest Rate Risk in the Banking Book Consul
Slide 84: Risk Management
2024 HALF YEAR RESULTS INVESTOR DISCUSSION PACK RISK MANAGEMENT
Slide 85: Portfolio Reshaping Since FY16
ANZ 2024 Half Year Results PORTFOLIO RESHAPING SINCE FY16 Total Exposures, EAD $b Historical loss rates1, bps 894 1,151 Sovereigns ~0 1% 1% Other Banks & FIs ~1 14% Sovereigns 21% Residential Mortgages ~3 Banks & FIs 9% Retail (ex Mortgages) ~110 10% Corporate & SL ~30 Residential Total Group ~12 40
Slide 86: Regulatory Expected Loss and Probability of Default
ANZ 2024 Half Year Results REGULATORY EXPECTED LOSS AND PROBABILITY OF DEFAULT Regulatory Expected Loss (REL)1,2, REL / IRB EAD, 1H24 % of EAD Defaulted 2, 1H24 Wholesale Retail portfolio 0.40% 0.60% 1.08% 0.32% 0.50% 0.87% 0.29% 0.74% 0.30% ANZ Lowest Peer Bank Highest Peer Bank ANZ Lowest Highest
Slide 87: Long Run Provisions & Loss Rates
ANZ 2024 Half Year Results LONG RUN PROVISIONS & LOSS RATES Total Credit Impairment charge, $m 2,000 1,500 1,000 500 0 -500 -1,000 1H08 2H08 1H09 2H09 1H10 2H10 1H11 2H11 1H12 2H12 1H13 2H13 1H14 2H14 1H15 2H15 1H16 2H16 1H17 2H17 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 Cons
Slide 88: Individual Provision (IP) Charge
ANZ 2024 Half Year Results INDIVIDUAL PROVISION (IP) CHARGE Individual Provision charge / (release), $m Individual Provision charge by division1, $m 626 626 395 395 807 187 500 69 87 375 -8 -30 123 266 38 187 247 168 201 217 164 123 175 69 87 38 93 80 103 54 51 37 -30 36 22 -8 -116 -163 -274 -280 -2
Slide 89: Collective Provision (CP) Charge & Balance
ANZ 2024 Half Year Results COLLECTIVE PROVISION (CP) CHARGE & BALANCE Collective Provision charge, $m Collective Provision balance, $m 1.39% 1.25% 1.22% 1.17% 1.17% 1.16% 1.16% 1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 1.08% 1.07% 5,008 Collective 1,048 669 -678 -145 -371 60 163 -11 32 4,501 Prov
Slide 90: Collective Provision (CP) Balance
ANZ 2024 Half Year Results COLLECTIVE PROVISION (CP) BALANCE Collective Provision balance by division, $b Provision balance by stage, $b Mar 20 Sep 20 Mar 21 Sep 21 Mar 22 Sep 22 Mar 23 Sep 23 Mar 24 March 2023 March 2024 Aus. Retail 1.18 1.42 1.11 1.07 0.91 0.90 0.95 0.95 0.95 Aus. Commercial 1.14
Slide 91: Portfolio Composition and Coverage Ratios
ANZ 2024 Half Year Results PORTFOLIO COMPOSITION AND COVERAGE RATIOS Gross Loans & Advances Credit RWA Exposure at Default1 Exposure at Default1 Expected Credit Loss (ex Sovereign & Financial (Collective Provision Balance) Institution) $719b $348b $1,151b $797b $4.05b 2% 3% 4% 1% 2% 1% 3% 6% 7% 9% 2
Slide 92: Expected Credit Loss – Economic Scenarios: Modelled Outcomes
ANZ 2024 Half Year Results EXPECTED CREDIT LOSS – ECONOMIC SCENARIOS: MODELLED OUTCOMES (COLLECTIVE PROVISION BALANCE SCENARIOS)¹ Mar 24, $m Economic scenarios Actual Base case 2 31 March 2024 CY2022A CY2023A CY2024F CY2025F Australia GDP change3 3.6% 2.0% 1.3% 2.0% 100% base case Weightings to scen
Slide 93: Impaired Assets
ANZ 2024 Half Year Results IMPAIRED ASSETS Control list, Index Sep 16=100 New impaired assets by division, $m 150 2,000 1,570 100 1,500 1,121 1,000 829 639 599 538 630 50 500 0 0 Sep Mar Sep Mar Sep Mar Sep Mar Sep Mar Sep Mar Sep Mar Sep Mar Mar 20 Mar 21 Mar 22 Sep 22 Mar 23 Sep 23 Mar 24 16 17 17
Slide 94: Risk Weighted Assets (RWA)
ANZ 2024 Half Year Results RISK WEIGHTED ASSETS (RWA) Total Risk Weighted Assets, $b Credit Risk Weighted Asset drivers2, $b 449 436 438 433 433 48 4 3 408 48 42 42 43 7.2 0.0 15 47 349.0 1.1 348.4 41 44 42 38 19 -1.7 -7.2 178 142 153 150 144 141 8 7 6 7 7 8 62 57 59 55 59 58 36 37 46 43 39 36 91 92
Slide 95: Risk Weighted Assets & Exposure at Default Composition
ANZ 2024 Half Year Results RISK WEIGHTED ASSETS & EXPOSURE AT DEFAULT COMPOSITION1 EAD composition, $b EAD & CRWA movement, HoH FX adjusted $b 8.2 1,193 1,163 1,151 16 1,103 38 14 15 1,075 47 38 38 1,045 7 42 48 3.4 10 48 2.2 2.3 51 10 47 1.4 1.7 48 45 0.4 44 251 249 239 -0.2 -0.7 305 324 277 -2.3 A
Slide 96: Total Portfolio Composition
ANZ 2024 Half Year Results TOTAL PORTFOLIO COMPOSITION Gross Exposure at Default (EAD) distribution Category % of Group EAD 1 % of Impaired Assets Impaired to EAD1 Assets2 Mar 23 Sep 23 Mar 24 Mar 23 Sep 23 Mar 24 Mar 24 4.1% 1.0% Consumer Lending 38.3% 40.3% 41.4% 0.1% 0.1% 0.2% 716 5.7% 1.3% Finan
Slide 97: Commercial Property – Segments of Interest
ANZ 2024 Half Year Results COMMERCIAL PROPERTY – SEGMENTS OF INTEREST $1.9b International Outstandings by region, GLA $b Asia ex. China $1.6b Outstandings by sector, % China $0.2b Americas $0b Other $0.1b 9% 7% 6% 7% 6% 6% 7.6% 7.5% 7.6% 2% 2% 2% 7.3% 7.3% 2% 2% 7.0% 2% 54.9 18% 19% 18% 19% 19% 52.8
Slide 98: Commercial Property – Segments of Interest
ANZ 2024 Half Year Results COMMERCIAL PROPERTY – SEGMENTS OF INTEREST Commercial property collateral1,2, % Portfolio growth 79% of portfolio well secured • Predominately in Australia across a diversified portfolio of lending segments 44% Portfolio quality • ~80% of exposures well secured • Unsecured
Slide 99: ANZ Institutional Portfolio
ANZ 2024 Half Year Results ANZ INSTITUTIONAL PORTFOLIO Size & tenor by market of incorporation, EAD $b Mar 241 Industry composition, EAD Finance, Investment & Insurance 14% Government & Official Institutions 508 2% Commercial Property 3% Manufacturing 4% 42% A$508b¹ Wholesale Trade 8% Mar 24 Electri
Slide 100: ANZ Asia Institutional Portfolio
ANZ 2024 Half Year Results ANZ ASIA INSTITUTIONAL PORTFOLIO Market of incorporation, EAD ANZ Asia industry composition, EAD Finance, Investment & Insurance 3% 1% 7% 5% Manufacturing 18% 2% 8% 2% 2% Wholesale Trade China South Korea 4% 2% 5% Government & Official Institutions 7% A$114b¹ Japan India A
Slide 101: ANZ China Institutional Portfolio
ANZ 2024 Half Year Results ANZ CHINA INSTITUTIONAL PORTFOLIO (SUBSET OF ANZ ASIA PORTFOLIO) EAD (MAR-24): A$21.5B – 1.9% OF GROUP EAD ANZ China industry composition, EAD ANZ China portfolio composition, EAD 13% 12% 12% 11% 9% 1% Finance and Insurance 20% 17% 5% 27% 29% 22% 2% Manufacturing 7% 4% Who
Slide 102: Housing
2024 HALF YEAR RESULTS INVESTOR DISCUSSIO N PACK HOUSING
Slide 103: Australia Home Loans – Portfolio Overview
ANZ 2024 Half Year Results AUSTRALIA HOME LOANS – PORTFOLIO OVERVIEW Portfolio1 Flow Portfolio1 1H22 1H23 1H24 1H23 1H24 1H22 1H23 1H24 Number of Home Loan accounts 984k 969k 950k 95k2 86k2 Average LVR at Origination9 70% 65% 66% Total FUM $278b $293b $314b $43b $43b Average Dynamic LVR (excl. offse
Slide 104: Australia Home Loans – Portfolio Composition
ANZ 2024 Half Year Results AUSTRALIA HOME LOANS – PORTFOLIO COMPOSITION Home Loan balance composition1,2, $b Home Loan balance & lending flows1,4, $b 314 304 3 24 293 45 12 283 3 25 314 278 278 3 25 293 4 3 -59 5 4 24 3 21 22 23 3 5 4 3 71 68 65 62 62 63 Mar-23 New Sales Net OFI Refi. Redraw & Repay
Slide 105: Australia Home Loans – Portfolio Composition & Flow
ANZ 2024 Half Year Results AUSTRALIA HOME LOANS – PORTFOLIO COMPOSITION & FLOW By Purpose, % of total balances LVR profile5, % of total balances Portfolio 1,2 Flow3 Dynamic LVR – Portfolio 1,6 Origination LVR - Flow3 11% 2% 1% 1% 0% 0% 0% 12% 16% 20% 16% 19% 30% 31% 31% 35% 33% 37% 1% 1% 17% 21% 21%
Slide 106: Australia Home Loans – Portfolio Resilience
ANZ 2024 Half Year Results AUSTRALIA HOME LOANS – PORTFOLIO RESILIENCE Home Loans repayment profile1,2 Home Loans on time and <1 month ahead profile2,3 % of accounts ahead of repayments % composition of accounts 40 35% 36% 37% 30 26% 18% 15% 20 20% 9% 18% 26% 39% 10 21% Mar 22 Mar 23 Mar 24 0 Overdu
Slide 107: Australia Home Loans – Portfolio Resilience
ANZ 2024 Half Year Results AUSTRALIA HOME LOANS – PORTFOLIO RESILIENCE Fixed rate Home Loan expiry profile, $b ANZ flow borrowing capacity1, 1H24 23 20 9% 3% 18 Surplus Capacity Minimal Capacity 12 At Capacity 7 88% 5 30+ DPD at March 24 by fixed rate expiry month 1H23 2H23 1H24 2H24 1H25 >1H25 The
Slide 108: Australia Home Loans – Book Originated and Attributes
ANZ 2024 Half Year Results AUSTRALIA HOME LOANS – BOOK ORIGINATED AND ATTRIBUTES Home Loans portfolio, Mar 24 ANZ interest rate buffer & floor Total Portfolio ($b) Home loan applications are assessed at the greater of 314 the customer interest rate plus the interest rate buffer or With the rising ra
Slide 109: Australia Home Loans – Portfolio Performance
ANZ 2024 Half Year Results AUSTRALIA HOME LOANS – PORTFOLIO PERFORMANCE Home Loans 90+ DPD (by State)1,2 Home Loans delinquencies1,2,3,4 % of Portfolio Segment Balances % of Portfolio Segment Balances 2.4 2.5 2.0 2.2 1.5 1.0 2.0 0.5 1.8 0.0 Sep Mar Sep Mar Sep Mar Sep Mar Sep Mar 1.6 19 20 20 21 21
Slide 110: Australian Housing – Leading Indicators
ANZ 2024 Half Year Results AUSTRALIAN HOUSING – LEADING INDICATORS Monthly Changes in Savings Balances1, #000s of accounts Repayment profile, % 500 Rate rise period 39 39 38 38 38 400 6 6 6 6 7 300 13 13 13 14 14 200 40 40 41 40 38 100 2 2 2 2 3 Mar Mar Mar Mar Mar 20 21 22 23 24 Mar 22 Sep 22 Mar 2
Slide 111: New Zealand Home Loans – Portfolio Overview
ANZ 2024 Half Year Results NEW ZEALAND HOME LOANS – PORTFOLIO OVERVIEW Portfolio Flow Portfolio 1H22 1H23 1H24 1H23 1H24 1H22 1H23 1H24 Number of Home Loan Accounts 540k 538k 552k 23k 27k Average LVR at Origination 56% 54% 56% Total FUM NZD103b NZD105b NZD109b NZD8b NZD10b Average Dynamic LVR 35% 39
Slide 112: New Zealand Loans – Home Lending & Arrears Trends
ANZ 2024 Half Year Results NEW ZEALAND LOANS – HOME LENDING & ARREARS TRENDS Home Loan LVR profile1 Housing flows Housing portfolio 2% 2% 5% 4% 11% 11% 11% 7% 7% 7% 55% 57% 61% 12% 11% 13% 89% 89% 89% 45% 43% 39% 15% 15% 1H22 1H23 1H24 Mar 22 Mar 23 Mar 24 Proprietary Broker Fixed Variable 77% Housi
Slide 113: Corporate Profile
2024 HALF YEAR RESULTS INVESTOR DISCUSSIO N PACK CORPORATE PROFILE
Slide 114: Corporate Profile
ANZ 2024 Half Year Results CORPORATE PROFILE Overview1 ANZ traces its origins to the Bank of Australasia, which ANZ opened its first office in Sydney in 1835. The bank established • More than 40,000 ANZ people across 29 markets Employees & a Melbourne office in 1838, where ANZ's world headquarters •
Slide 115: ANZ Corporate Profile - Divisions
ANZ 2024 Half Year Results ANZ CORPORATE PROFILE - DIVISIONS Group Revenue, 1H24 % Institutional Services global institutional and corporate customers, and governments across Australia, New Zealand and International (including PNG) via Transaction Banking, Corporate Finance and Markets business unit
Slide 116: ANZ's Global Presence
ANZ 2024 Half Year Results ANZ’S GLOBAL PRESENCE Australia, New Zealand, Pacific Australia Cook Islands Samoa New Zealand Fiji Tonga Papua New Guinea Kiribati Timor Leste Solomon Islands Vanuatu Asia China Laos South Korea Hong Kong Malaysia Taiwan India Philippines Thailand Indonesia Singapore Viet
Slide 117: Our Purpose & Strategy
ANZ 2024 Half Year Results OUR PURPOSE & STRATEGY To shape a world where people and communities thrive Our Purpose It explains ‘why’ we exist and drives everything we do at ANZ, including the choices we make each day about those we serve and how we operate To improve the financial wellbeing and sust
Slide 118: The Bank We're Building
ANZ 2024 Half Year Results THE BANK WE’RE BUILDING Value Creation Model Better customer proposition, Better access to capital and talent, ‘purposeful’, engaging, efficient and ‘safe’ driving greater capacity to invest Customers will have Better financial wellbeing & better financial sustainability o
Slide 119: ANZ Plus - Manage My Money
ANZ 2024 Half Year Results ANZ PLUS - MANAGE MY MONEY INCREASED CUSTOMER ENGAGEMENT AND SCALE ANZ Plus customers and deposits, cumulative Continuous improved digital experience Customers, ‘000s Deposits, $b Onboarding NPS 700 14 +10% 51 56 56 600 12 500 10 Mar 23 Sep 23 Mar 24 400 8 Coach NPS 300 6
Slide 120: Growing ANZ Plus Customers, Deepening Engagement
ANZ 2024 Half Year Results GROWING ANZ PLUS CUSTOMERS, DEEPENING ENGAGEMENT New to bank customers1 Ave. FUM per Customer More attractive 35% 45% 51% $23,173 $20,406 $19,820 Greater propensity to join Mar 23 Sep 23 Mar 24 Mar 23 Sep 23 Mar 24 Active customers2 Customers engaged with a FWB feature3 +5
Slide 121: ANZ Plus Home Loans
ANZ 2024 Half Year Results ANZ PLUS HOME LOANS MLP launched November 23, improving the digital customer experience via greater process automation across the Home Loan journey Refining & delivering our processes as we continue to scale with the potential for 10x reduction in internal manual work effo
Slide 122: ANZ Plus – Delivering Compelling Customer Propositions Faster
ANZ 2024 Half Year Results ANZ PLUS – DELIVERING COMPELLING CUSTOMER PROPOSITIONS AT A MUCH FASTER RATE Traditional banking New digital backbone and capabilities To deliver compelling technology customer propositions Transact & Save 2022 Complex systems Distribution, e.g. identity and access manag
Slide 123: ANZ Plus Features Delivery
ANZ 2024 Half Year Results ANZ PLUS FEATURES DELIVERY Targeted features customers love Delivering features for greater engagement and better financial wellbeing More features to be launched Accelerated Opt-In Migration | Round Ups | aiding customers by Scam Safe | security controls designed to accel
Slide 124: Environment, Social & Governance - Climate
2024 HALF YEAR RESULTS INVESTOR DISCUSSION PACK ENVIRONMENT, SOCIAL & GOVERNANCE - CLIMATE
Slide 125: The Integration of Purpose, Strategy and Customer Proposition
ANZ 2024 Half Year Results THE INTEGRATION OF PURPOSE, STRATEGY AND CUSTOMER PROPOSITION Our Purpose To shape a world where people and communities thrive Our Strategy To improve the financial wellbeing and sustainability of customers Help companies move capital Help people save for, buy and Help peo
Slide 126: Our Approach to Climate
ANZ 2024 Half Year Results OUR APPROACH TO CLIMATE ANZ’s Climate Ambition To be the leading Australia and New Zealand-based bank in supporting customers to transition to net zero by 2050 The opportunity The pathway to net zero emissions presents significant financing opportunities. ANZ has an opport
Slide 127: Enhanced Customer Engagement and Policy
ANZ 2024 Half Year Results ENHANCED CUSTOMER ENGAGEMENT AND POLICY Focusing where we can make the most impact Our enhanced oil and gas (O&G) policy • A new phase of customer engagement in 2024 (in place from 1 October 2023), • We have been clear that we want to support our oil and gas customers who
Slide 128: Enhanced Customer Engagement to Support Emissions Reductions
ANZ 2024 Half Year Results ENHANCED CUSTOMER ENGAGEMENT TO SUPPORT EMISSIONS REDUCTIONS Increased focus on whether customers are on track with their targets • In FY24, an enhanced assessment framework is being applied to our 100 largest emitting business customers1. Refer next slide for detail. • In
Slide 129: Enhanced Assessment Framework for Our Largest Emitting Customers
ANZ 2024 Half Year Results ENHANCED ASSESSMENT FRAMEWORK FOR OUR 100 LARGEST EMITTING CUSTOMERS Three key elements of a robust low carbon transition plan (governance, targets, disclosures) Enhanced assessment framework (in place from 1 October 2023) includes a sharper focus on whether our customers
Slide 130: Backing the Transition Through Financing Sustainability
ANZ 2024 Half Year Results BACKING THE TRANSITION THROUGH FINANCING SUSTAINABILITY Supporting our customers to transition Sustainable Bond League Tables ANZ Sustainable Finance deals6 ANZ has chosen some key focus areas as part of Aus. Sustainable Bond Cumulative League Table4 our Environmental Sust
Slide 131: Backing the Transition Through Financing Sustainability
ANZ 2024 Half Year Results BACKING THE TRANSITION THROUGH FINANCING SUSTAINABILITY ANZ is supporting our customers through labelled and other financing products and services Sustainable Finance • ANZ’s Sustainable Finance team is helping our customers by encouraging them to identify climate and natu
Slide 132: Supporting Commercial Customers Shift to Low Carbon Business Models
ANZ 2024 Half Year Results SUPPORTING OUR COMMERCIAL CUSTOMERS SHIFT TO LOW CARBON BUSINESS MODELS AND HOMEOWNERS TO IMPROVE ENERGY EFFICIENCY1 • Continuing to work with the Clean Energy Finance Corporation (CEFC) Energy Efficient Asset Finance Program to support Helping commercial Australian busine
Slide 133: Sectoral Pathways and Targets
ANZ 2024 Half Year Results SECTORAL PATHWAYS AND TARGETS1 AS AT 30 SEPTEMBER 20232 Sectoral Pathways and targets backing Existing Pathways 2030 Interim Target2 Status2 customer decarbonisation On track • As a member of the Net-Zero Banking Alliance On track (NZBA), we have committed to transitioning
Slide 134: Our Resources Portfolio
ANZ 2024 Half Year Results OUR RESOURCES PORTFOLIO Resources Portfolio, EAD1 $b Thermal Coal Mining, EAD1 $b 2.0 20.0 1.5 1.7 1.0 0.6 17.3 17.0 1.3 16.2 0.8 0.5 0.5 15.3 0.7 0.8 1.2 1.0 14.5 0.0 2.9 0.4 0.7 0.9 Sep Sep Sep Sep Mar Sep Mar Sep Mar Sep Mar Sep Mar Sep Mar 14.0 0.7 0.2 0.5 1.1 1.5 1.2
Slide 135: Customer Engagement to Support Biodiversity Protection
ANZ 2024 Half Year Results CUSTOMER ENGAGEMENT TO SUPPORT BIODIVERSITY PROTECTION Supporting customers to transition to nature positive outcomes • ANZ seeks to support our customers to transition to net zero and nature positive outcomes. • Engagement with our largest emitting business customers on b
Slide 136: ESG - Targets, Housing and Financial Wellbeing
2024 HALF YEAR RESULTS INVESTOR DISCUSSION PACK ENVIRONMENT, SOCIAL & GOVERNANCE - TARGETS, HOUSING AND FINANCIAL WELLBEING
Slide 137: Snapshot of Half Year Performance Against Targets
ANZ 2024 Half Year Results SNAPSHOT OF HALF YEAR PERFORMANCE AGAINST TARGETS Target Performance Relevant SDGs • Since 1 April 2023, we have funded and facilitated $20.32 billion1,2, Fund and facilitate at least $100 billion by end 2030, including $15 billion in across 131 transactions of which $11.2
Slide 138: Snapshot of Half Year Performance Against Targets
ANZ 2024 Half Year Results SNAPSHOT OF HALF YEAR PERFORMANCE AGAINST TARGETS Target Performance Relevant SDGs • Since October 2018, we have funded and facilitated $5.78 billion1,2 to support the delivery of more affordable, accessible and sustainable homes to buy and rent. • This includes $477.1 mil
Slide 139: Delivered $5.78b of Housing Supply Since October 2018
ANZ 2024 Half Year Results DELIVERED $5.78B OF HOUSING SUPPLY SINCE OCTOBER 2018 Delivered $5.78b into the housing sector, with $477.1m in 1H24 ANZ’s housing target is to fund ANZ provided financing to the Ground Lease Model 2 project, a public private partnership between the Victorian and facilitat
Slide 140: Financial Wellbeing – Central to Our Strategy
ANZ 2024 Half Year Results FINANCIAL WELLBEING – CENTRAL TO OUR STRATEGY ANZ is focused on improving the financial wellbeing of our people, customers and communities by helping them make the most of their money throughout their lives CUSTOMERS • Regular research of Australian and New Zealand Financi
Slide 141: Important Information – Climate-Related Information
ANZ 2024 Half Year Results IMPORTANT INFORMATION – CLIMATE-RELATED INFORMATION This presentation may contain climate-related statements, including in relation to climate-related risks and opportunities, climate-related goals and ambitions, climate scenarios, emissions reduction pathways and climate
Slide 142: Shareholder Centre & Investor Relations Contacts
ANZ 2024 Half Year Results SHAREHOLDER CENTRE & INVESTOR RELATIONS CONTACTS ANZ Shareholders Centre ANZ Debt Investors Centre Equity Investors Retail Investors Debt Investors Jill Campbell Cameron Davis Pavita Sivakumar Michelle Weerakoon David Goode Steve Aquilina Group General Manager Executive Ma