National Australia Bank Limited · ASX:NAB
National Australia Bank — Debt Investor Presentation (December 2025)
84 slides from National Australia Bank's debt investor presentation, December 2025
Slide 1: Debt Investor Update December 2025
Debt Investor Update December 2025 This presentation is general background information about the NAB Group. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular inve
Slide 2: Key messages
Key messages • Higher underlying profit in FY25 supported by strong revenue and volume growth in 2H • Balance sheet strength remains a key focus • Progressing the implementation of refreshed customer-centric strategy with positive outcomes to date • Continuing to modernise our technology and leverag
Slide 3: Supportive Australian economic environment
Supportive Australian economic environment • Economic growth has accelerated and is expected The RBA to remain cautious amid slower progress on to sustain trend rates through 2026 inflation1 (%) 8 • Household incomes have benefitted from lower Forecasts2 inflation and lower interest rates, as well a
Slide 4: House prices and rents supported by supply and demand imbalance
House prices and rents continue to be supported by the imbalance between supply and demand House price growth has reaccelerated1 Rents growth remains elevated2 (Index) (%) Sydney Melbourne Brisbane Sydney Melbourne Brisbane Adelaide Perth Hobart 210 15 Adelaide Perth Hobart 190 10 170 5 150 0 130 -5
Slide 5: Consumer spending growth has picked up
Consumer spending growth has picked up Consumption growth has picked up1 The household savings rate looks to have stabilised2 (%) (%) 16 Quarterly Year-ended 16 20 12 12 Household savings rate 15 8 8 4 4 10 0 0 -4 -4 5 -8 -8 0 -12 -12 -16 -16 -5 2008 2012 2016 2020 2024 1994 1999 2004 2009 2014 2019
Slide 6: Australia and NZ key economic indicators
Australia and NZ key economic indicators Australian economic indicators (%)1 NZ Economic indicators (%)1 CY23 CY24 CY25 CY26(f) CY27(f) CY23 CY24 CY25(f) CY26(f) CY27(f) GDP growth2 1.5 1.3 1.8 2.1 2.1 GDP growth2 0.9 -1.4 1.2 3.0 2.4 Unemployment3 3.9 4.0 4.4 4.3 4.3 Unemployment3 4.0 5.1 5.3 4.8 4
Slide 7: Financial results
Financial results Underlying profit ($m) Cash earnings1 ($m) Statutory profit ($m) 1.3% (0.2%) (2.9%) 10,823 10,965 7,102 7,091 6,960 6,759 FY24 FY25 FY24 FY25 FY24 FY25 (1) Refer to note on cash earnings in disclaimer on page 83 7
Slide 8: Financial results
Financial results Underlying profit ($m) Cash earnings1 ($m) Statutory profit ($m) 0.7% (2.1%) (1.6%) 5,463 5,502 3,583 3,508 3,407 3,352 1H25 2H25 1H25 2H25 1H25 2H25 P&L key financial indicators 1H25 ($m) 2H25 ($m) 2H25 v 1H25 Net operating income 10,268 10,545 2.7% ex Markets & Treasury2 9,298 9,
Slide 9: Net interest margin
Net interest margin Net interest margin (HoH) HoH increase 8bps 0.02% 0.02% 0.04% 0.00% 0.01% (0.01%) Largely revenue neutral Aust HL -1bp Deposits +3bps Aust BL -1bp Capital +1bp NZ +1bp Other +1bp 1.78% 1.70% 1.70% Sep 24 Mar 25 Lending Margin Funding Costs Deposits Replicating Liquid Assets M&T S
Slide 10: 2H25 revenue
2H25 revenue Net operating income (HoH)1 ($m) HoH increase 2.7% (ex M&T 4.3% increase ) 9 (27) (124) 216 203 10,106 10,268 10,669 10,545 Sep 24 Mar 25 Volumes Margin Fees & Other Sep 25 Markets & Sep 25 Commissions (ex M&T) Treasury2 Markets & Treasury (M&T) income breakdown2 Key revenue drivers HoH
Slide 11: Operating expenses
Operating expenses Operating expenses (YoY)1 ($m) YoY increase 4.6% (ex payroll review +3.2%) 42 213 (420) 143 (71) 130 131 267 Includes uplift in financial crime related costs of $62m and lower 4,421 restructuring costs 9,848 of $22m 9,413 Sep 24 Salary related Volume related Technology Depreciatio
Slide 12: Balance sheet strength remains a key focus
Balance sheet strength remains a key focus Well positioned balance sheet Appropriate provisioning2 • CET1 ratio comfortably above target of >11.25% $5.0bn CP at Sep 25 includes $1.6bn of forward-looking provisions 1.69% 1.64% • Pro forma CET1 ratio of 11.81% reflects sale of 20% of MLC 1.62% Life wh
Slide 13: Asset quality
Asset quality Non-performing exposures (NPL) as a % of GLAs 2H25 outcomes • CICs and total NPLs higher, but a number of key asset quality ratios improved for the first time in several periods: 1.49% 1.55% • Watch loans down 9bps 1.39% 1.13% 1.20% 0.22% 0.29% • Default but not impaired ratio down 1bp
Slide 14: Provisioning
Provisioning Total provision balances higher Key considerations ($m) 1.80% • Total provisions of $6.2bn (or 1.64% of CRWA) 1.69% 1.67% represent 1.6x 100% base case scenario3 1.62% 1.64% 1.55% 1.56% • IAP of $1.2bn, $0.2bn higher than Mar 25 1.46% 1.47% 1.47% 1.42% reflecting higher business lending
Slide 15: Group non-retail lending industry sector analysis
Group non-retail lending industry sector analysis Non-performing exposures (NPLs) as % of lending EAD1 by regulatory industry categories2 4% Target sectors with FLAs3 Sep 24 Mar 25 Sep 25 NPLs as a % of EAD (Sep 25) NPLs (ex F&I) as a % of EAD (Sep 25) Deterioration Sep 25 v Mar 25 mainly reflects s
Slide 16: Australian business lending asset quality
Australian business lending asset quality Business lending credit impairment charge and as a % Business lending non-performing exposure and as a % of GLAs of GLAs ($m) ($m) 600 2.04% 1.87% 0.26% 0.24% 1.66% 500 0.14% 0.20% 1.43% 400 1,615 1,206 300 995 641 200 339 276 351 3,910 4,298 100 3,012 3,410
Slide 17: Australia housing lending arrears profile
Australia housing lending arrears profile1 Arrears declining as % of GLAs and limited impairment 2.45% 1.82% 1.87% 1.63% 1.75% 1.75% 1.79% 1.65% 1.68% 1.61% 1.42% 1.41% 1.18% 1.24% 1.15% 1.22% 1.15% 0.98% 1.04% 1.08% 1.07% 0.93% 0.90% 0.73% 0.67% 0.76% 0.11% 0.12% 0.10% 0.10% 0.10% 0.06% 0.05% 0.05%
Slide 18: Capital remains above operating target
Capital remains above operating target Group CET1 capital ratio (%) L1: 11.84 (0.61) 0.82 L1: 11.60 L1: 11.68 (0.45) 0.01 (0.08) 12.01 11.70 11.81 Mar 25 Cash earnings Dividend Credit RWA1 Other RWA Other2 Sep 25 Sep 25 Pro forma3 2H25 CET1 considerations Credit risk-weighted assets (CRWA) ($bn) • H
Slide 19: Loss Absorbing Capacity and Additional Tier 1
Loss Absorbing Capacity and Additional Tier 11 Key messages APRA changes to major banks’ capital minimums (%) • Based on the Group's RWA and Total capital position at 30 20.32% September 25, NAB has met APRA’s Jan 26 LAC requirements 18.25% 18.25% • APRA released an industry letter in Dec 24 which c
Slide 20: Strong funding and liquidity metrics
Strong funding and liquidity metrics Key messages Liquidity position well above regulatory minimums (%) • Maintained strong funding and liquidity position with LCR and NSFR well above regulatory minimums • Positioned to manage through periods of market volatility 100% Minimum • Term funding issuance
Slide 21: Diversified & flexible term wholesale funding portfolio
Diversified & flexible term wholesale funding portfolio FY25 Issuance by product type1 FY25 Issuance by currency1 Other 4% EUR 16% AUD 36% Covered 23% NZD 3% Subordinated 13% Senior 64% USD 41% Outstanding issuance by product type1, 2 Outstanding issuance by currency1 RMBS 1% JPY 1% Other 4% GBP 4%
Slide 22: Key areas of focus in FY26
Key areas of focus in FY26 • Execution of strategy to deliver improved customer advocacy, greater speed and simplification • Ongoing technology modernisation and leveraging AI solutions • Deliver on key priorities of business banking, deposits and proprietary lending to drive returns • Disciplined c
Slide 23: Additional information: Strategy
Additional information Strategy
Slide 24: Our long-term strategy
national Our long-term strategy australia bank Why we are here To be the most customer-centric company in Australia and New Zealand Who we are here for Customers (<e@ Colleagues Customers who trust us and choose us to be their bank K@)y customer obsessed colleagues who are proud to work at NAB We ar
Slide 25: Ambition to be the most customer-centric company in Australia and NZ
Ambition to be the most customer-centric company in Australia and NZ NAB Customer Voices - a three pillar approach to deepen relationships and improve advocacy Identified 20 “Must Win Battles” – Design and rollout customer Track performance using key customer experiences that feedback loops to drive
Slide 26: Three key priorities to drive strong sustainable returns
Three key priorities to drive strong sustainable returns Strategic focus Grow • Clear market leadership in Business & Private Banking business • Disciplined growth in Corporate & Institutional Banking banking • More seamless experiences for customers and bankers Successful Drive • Grow transaction a
Slide 27: Leveraging scale to support Australian business growth
Leveraging scale to support Australian business growth Largest Australian business lender with 22% market share1 Business & Private Banking (B&PB) Corporate & Institutional Banking (C&IB) • Strong SME business lending market share 2 • Disciplined growth focus and portfolio management • Servicing per
Slide 28: Driving deposit growth
Driving deposit growth Growing deposits with increasing skew to transaction accounts Retail deposits Business deposits • 9% growth in Personal Banking deposits in FY25 • 1.4x system growth in business deposits since FY202 • Growing customers in our target segments • 14% growth in transaction a/c bal
Slide 29: Strengthening proprietary home lending performance
Strengthening proprietary home lending performance Continued focus on executing our home lending strategy FY25 actions • Deliver seamless customer and broker experiences supported by • Uplift in capability including 2701 new bankers simplification of processes, policies and systems recruited in FY25
Slide 30: Core and foundational technology progress since 2018
Core and foundational technology progress since 2018 Cloud first ✓ 90% of Apps run in cloud For on-demand scale and reliability ✓ ~6,200 certifications in cloud ✓ 71% of Technology Workforce are NAB colleagues Build capability ✓ India and Vietnam provide access to critical skills Preference for inte
Slide 31: Technology modernisation
Technology modernisation Investing to deliver exceptional customer and colleague experiences Embedded in operating Key driver of customer rhythms with clear Customer interaction accountabilities and experience – investment Mobile App, Internet Banking transparent progress metrics aligned to strategi
Slide 32: Leveraging evolving AI tools and solutions
Leveraging evolving AI tools and solutions Embedding AI solutions and opportunities in our long-term strategic planning AI today – Enabling colleagues to deliver better AI tomorrow – Accelerating value through customer experiences Agentic AI Focused on foundational requirements • Evolving to busines
Slide 33: Additional information: Group & Divisional Performance
Additional information Group & Divisional Performance
Slide 34: NAB at a glance
NAB at a glance Cash earnings divisional splits 1 % of Cash earnings Key financial data FY25 Business & Private Banking 47.0% Cash earnings1 $7,091m Personal Banking 17.7% Cash ROE 11.4% Corporate & Institutional Banking 26.1% Gross loans & acceptances (GLAs) $781.5bn New Zealand Banking 19.1% Custo
Slide 35: Divisional contributions
Divisional contributions Divisional cash earnings1 FY25 ($m) FY25 v FY24 2H25 ($m) 2H25 v 1H25 Business & Private Banking2,3 3,330 1.6% 1,683 2.2% Personal Banking2,3 1,253 9.9% 698 25.8% Corporate & Institutional Banking2,4 1,854 4.7% 946 4.2% New Zealand Banking5 1,485 2.8% 704 (9.9%) (1) Refer to
Slide 36: Business & Private Banking
Business & Private Banking1 Cash earnings2 Revenue2 Net interest margin ($m) ($m) 2.1% 1.6% 4.2% 3.11% 3.07% 3.01% 3.02% 2.2% 8,358 8,531 3,277 3,330 4,177 4,354 1,647 1,683 FY24 FY25 1H25 2H25 FY24 FY25 1H25 2H25 1H24 2H24 1H25 2H25 Business and housing lending GLAs and deposits Credit impairment c
Slide 37: Business & Private Banking business lending
Business & Private Banking business lending Broad based growth Diversified Australian business lending growth (YoY)1 across most sectors including Trade, Denotes lending balance Manufacturing, as at 30 September 2025 Construction, Transport 10.4% 9.2% 5.9% 7.4% 7.3% 3.5% Agri Health CRE2 Other NAB B
Slide 38: Personal Banking
Personal Banking1 Cash earnings2 Revenue2 Net interest margin ($m) ($m) 3.1% 9.9% 6.6% 1.72% 1.72% 1.70% 1.80% 25.8% 4,625 4,487 1,253 2,239 2,386 1,140 555 698 FY24 FY25 1H25 2H25 FY24 FY25 1H25 2H25 1H24 2H24 1H25 2H25 Housing lending GLAs and deposits Credit impairment charge and as a % of GLAs (
Slide 39: Credit Cards
Credit Cards Key highlights Balance2 and market share1 ($bn) • #1 market share1 with ~2.2m customers across NAB, Citi and White Label brands 27.5% 27.6% 29.0% 26.7% • Average spend per credit card increased 5% YoY 0.22 • Simpler and faster application and digital servicing 6 experiences for customer
Slide 40: Corporate & Institutional Banking
Corporate & Institutional Banking1 Cash earnings2 Underlying profit2 Net interest margin ($m) ($m) (%) 10.3% 2.14 2.17 2.08 2.12 4.7% 4.2% 4.2% 2,449 2,702 1.04 1.05 1.07 1.12 1,770 1,854 1,323 1,379 908 946 FY24 FY25 1H25 2H25 FY24 FY25 1H25 2H25 1H24 2H24 1H25 2H25 C&IB NIM ex Markets Revenue brea
Slide 41: New Zealand Banking
New Zealand Banking Cash earnings Revenue Net interest margin (NZ$m) (NZ$m) 0.7% 2.88 2.79 2.76 2.72 2.8% 0.1% (9.9%) 3,486 3,509 2.37% 2.34% 2.37% 2.45% 1,444 1,485 1,754 1,755 781 704 FY24 FY25 1H25 2H25 FY24 FY25 1H25 2H25 1H24 2H24 1H25 2H25 Net interest margin Net interest margin ex M&T Busines
Slide 42: Additional information: Asset Quality
Additional information Asset Quality
Slide 43: Group credit impairment charge
Group credit impairment charge Credit impairment charge as % of GLAs Global 1.4% Financial Crisis 1.2% 1.0% 0.8% 0.6% 0.4% 0.11% Late 80’s / Early 90’s 0.2% Recession -0.1% Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep
Slide 44: Group estimated long run loan loss rate
Group estimated long run loan loss rate Estimating long run loan loss rate Group business mix – GLAs by category Sep 1985 Long run Long run 10 years Personal NAB Australian average average lending 8% geography net write off rates as a % of GLAs (1985 – (2006 – (2016 – 20252) 20252) 20252) Commercial
Slide 45: Provisions
Provisions Movement in provisions1 $128m increase in provisions for expected credit losses Mar 25 – Sep 25 ($m) 96 243 (26) (185) 6,165 5,921 6,037 Net $89m release from forward-looking provisions Sep 24 Mar 25 Underlying Forward Looking Target sector Individually Sep 25 collective provision Economi
Slide 46: Expected Credit Losses (ECL) assessment
Expected Credit Losses (ECL) assessment ECL scenarios & weightings Key considerations Total Provision for ECL1,2 • Increase in ECL vs Mar 25 primarily reflects increased IAP 2H25 balances, deterioration in asset quality and volume growth, $m 100% Base 100% (probability weighted) case Downside partia
Slide 47: Target sector forward looking adjustments (FLAs)
Target sector forward looking adjustments (FLAs) Collective provision target sector FLAs ($m) 543 New Zealand Agri 47 58 450 Construction 42 39 Australian Energy 62 80 334 304 Tourism, Hospitality and 76 58 29 Entertainment 92 20 20 49 Australian Mortgages 50 52 68 59 40 42 Retail Trade 119 7 166 33
Slide 48: ECL provisioning by stages
ECL provisioning by stages Loans and advances by stage1 Provisions by stage Provision coverage by stage2 ($bn) ($m) (%) 0.61 0.60 0.60 1,000 1,027 6,037 6,165 974 5,921 11 12 10 1,855 2,196 2,350 192 195 200 18.1 19.5 19.4 772 794 815 3,400 3,190 3,169 1.77 0.42 1.64 0.39 1.58 0.38 666 651 646 0.08
Slide 49: Housing lending portfolio profile
Housing lending portfolio profile Housing lending volume by borrower and repayment Australian mortgages profile1 type1 VIC/TAS 32% Owner Occupier Owner Interest Only, 3.2% Occupier Line of Credit, 2.0% QLD 14% Principal & Investor Interest, Interest Only, 60.8% 12.9% WA 7% NSW/ACT 43% SA/NT 4% Inves
Slide 50: Housing lending LVR
Housing lending LVR1 LVR breakdown at origination Dynamic LVR breakdown of drawn balance2 60% 60% Sep 25 Dynamic LVR 38.3% 40% 40% 20% 20% 0% 0% LVR LVR LVR LVR LVR LVR LVR LVR LVR LVR ≤60% 60.01% - 70% 70.01% - 80% 80.01% - 90% ≤60% 60.01% - 70% 70.01% - 80.01% - LVR >90% 90.01% - 80% 90% >100% 100
Slide 51: Housing lending offset and redraw balances
Housing lending offset and redraw balances1 Offset & redraw balances Offset & redraw balances distribution by number of ($bn) accounts 100 16 30% 45% 95 14 90 25% 12 35% 85 10 20% 80 25% 75 8 15% 70 6 15% 10% 65 4 5% 60 5% 55 2 0% -5% 50 0 0 up to 5k 5k to 50k 25k to 50k 50k to 100k 100k to 250k to
Slide 52: Australian housing lending arrears profile
Australian housing lending arrears profile1 90+ DPD2 & Impaired assets as a % of GLAs by purpose 2.5% 2.0% 1.5% 1.19% 1.0% 1.09% 1.06% 0.5% 0.0% Sep 17 Sep 18 Sep 19 Sep 20 Sep 21 Sep 22 Mar 23 Sep 23 Mar 24 Sep 24 Mar 25 Sep 25 Investor First Home Buyer Owner Occupier 30+ DPD as a % of GLAs by purp
Slide 53: Housing lending key metrics
Housing lending key metrics1 Australian housing lending Mar 24 Sep 24 Mar 25 Sep 25 Sep 24 Mar 25 Sep 25 Portfolio2 Drawdowns4 Total Balances (spot) $bn 339 3483 355 364 37 41 47 Average loan size $’000 per account 374 384 397 413 564 599 604 By product type - Variable rate 84.9% 89.7% 93.2% 95.3% 9
Slide 54: Housing lending practices & policies
Housing lending practices & policies Key origination requirements Loan-to-value (LVR) limits • Income verified using a variety of documents including Principal & Interest – Owner Occupier 95% payslips and/or checks on salary credits into customers’ accounts Principal & Interest – Investor 90% • 10%
Slide 55: Australian unsecured lending
Australian unsecured lending Cards1 and personal lending CIC and as a % of total Key considerations cards and personal lending GLAs ($m) 2.26% 2.22% 2.21% 2.18% • Asset quality remains sound • Arrears lower in 2H25 • Revolve rate of ~64% continues to trend upwards, primarily driven by changes in int
Slide 56: Business & Private Banking business lending
Business & Private Banking business lending Non-performing exposures (NPLs) as % of GLAs Aligned to revised APS 220 3.04% 3.22% 2.66% 2.30% 0.67% 0.73% 2.14% 0.60% 1.75% 1.66% 0.39% 0.37% 0.51% 0.33% 2.37% 2.49% 1.77% 1.91% 2.06% 0.73% 1.33% 0.65% 0.66% 0.58% 0.51% 1.24% 0.23% 0.21% 0.22% 0.35% 0.45
Slide 57: Agriculture, forestry & fishing exposures
Agriculture, forestry & fishing exposures1 Group EAD $63.2bn September 2025 Key Australian considerations • Weather conditions have been mixed, with favourable conditions across East Coast, but dry conditions in Western Victoria and South Australia • Improved confidence and performance with strong c
Slide 58: Commercial real estate (CRE)
Commercial real estate (CRE)1 Gross loans & acceptances (GLAs) Breakdown by total GLAs By sector By geography New Australia Total2 Zealand QLD Residential Retail 17% WA Total CRE (A$bn) 74.0 7.0 81.0 11% VIC 27% 6% SA Industrial 25% 6% Increase from 21% 6.9 - 6.9 Sep 24 (A$bn) Tourism Other % of geo
Slide 59: Commercial real estate
Commercial real estate1 Key asset quality considerations Sector considerations • Outlook becoming more positive with recent interest rate • Increased activity in Development sector (particularly reductions and rental growth supporting serviceability (ICR) and Residential) supporting lending growth w
Slide 60: Construction
Construction1 Exposure at default Key considerations • Project margins generally recovering; pipeline demand being supported by increased spending in government, infrastructure and defence sectors EAD $14.8bn EAD $15.1bn • ~4% non-retail lending EAD including subcontractors and construction 1.9 1.8
Slide 61: Tourism, hospitality and entertainment
Tourism, hospitality and entertainment1 Exposure at default Key considerations • While consumer spending is improving, the Hospitality sector EAD $16.2bn EAD $17.7bn continues to be challenged by elevated operational costs (e.g. 1.9 input, wage and energy expenses), labour shortages and 1.9 competit
Slide 62: Additional information: Capital, Funding & Liquidity
Additional information Capital, Funding & Liquidity
Slide 63: Risk-weighted assets
Risk-weighted assets Key messages Risk-weighted assets ($bn) (0.4) (0.3) (0.7) 1.1 • CRWA movement mainly driven by 14.5 • Volume growth in business lending • Models and methodology from RWA overlays relating to the measurement of certain off balance sheet exposures 426.4 440.6 • Translation FX most
Slide 64: Non-credit risk-weighted assets
Non-credit risk-weighted assets Key messages Market risk-weighted assets ($bn) • Non-credit RWAs have been largely stable • IRRBB sensitivity for embedded loss/gains: +/- 10 bps movement in swap rates equivalent to ~$0.5bn of RWA • No material IRRBB impact expected from APS 117 implementation effect
Slide 65: Capital & Deposit hedges
Capital & Deposit hedges NAB replicating portfolios NAB replicating portfolios1 (%) Replicating portfolio 5 Sep 25 balance Invested out to term of 4 Capital AUD $40bn 3 years Deposits AUD $73bn 5 years 3 BNZ replicating portfolios 2 Avg return of replicating portfolio Replicating portfolio 1 2H24 1H
Slide 66: Internationally comparable capital ratios
Internationally comparable capital ratios 29.5% 29.6% 28.6% 21.1% 20.6% 19.8% 18.1% 17.6% 17.1% 20.3% 20.9% 21.0% 14.1% 20.3% 12.4% 14.7% 12.0% 14.3% 12.1% 13.7% 11.7% Sep 24 Mar 25 Sep 25 Equivalent internationally comparable ratios1 APRA Common Equity Tier 1 ratios APRA Tier 1 ratios APRA Total ca
Slide 67: Key regulatory changes impacting capital and funding
Key regulatory changes impacting capital and funding Change 2025 2026 2027 Additional Tier 1 (AT1) Capital Consultation Implementation Loss-Absorbing Capacity Implementation Interest Rate Risk in the Banking Book Implementation (APS 117) Public Disclosures (APS 330) Implementation Liquidity (APS 210
Slide 68: Asset Funding
Asset Funding Funded balance sheet Group sources and uses of funds, 12 months to 30 September 25 ($bn) $1,016bn $1,016bn 27 36 Short Term 2 Wholesale, 10% Term Funding Liquid Assets1, 2 1 18 <12 months, 5 22% Other Deposits3, 5% 3% Other Short 46 43 Term Assets2, 2% Customer Liquid Other Equity Term
Slide 69: Australian deposits & transaction accounts
Australian deposits & transaction accounts Customer deposit by product ($bn) Customer deposit by product (%) 582 560 4% 537 32 5% 5% 5% 5% 514 523 29 26 56 9% 9% 9% 9% 10% 23 24 52 47 48 45 171 31% 31% 32% 31% 29% 172 159 160 170 148 23% 24% 26% 143 25% 26% 119 126 133 168 166 175 33% 31% 29% 29% 30
Slide 70: Liquidity
Liquidity Liquidity coverage ratio (quarterly average) Net stable funding ratio composition ($bn) Group NSFR 116% as at 30 Sep 25 $713bn 139% 137% 139% 135% Wholesale funding $613bn 207 215 212 208 & Other Liquids and Non-Financial Other Assets Corporate 149 157 152 153 Deposits Other Loans Retail/S
Slide 71: Term wholesale funding profile
Term wholesale funding profile Historical term funding issuance1 ($bn) 6.7 8.1 5.0 4.3 5.0 5.0 years years years years years years 39 40 1 1 37 36 33 29 3 14 29 30 30 28 18 13 10 9 9 7 8 2 2 FY20 FY21 FY22 FY23 FY24 FY25 Tenor2 RBNZ Funding Facilities RBA Term Funding Facility Senior Unsecured and S
Slide 72: Short term wholesale funding
Short term wholesale funding Key messages NAB short-term funding instruments • NAB raises short term wholesale funding globally to support Location Limit Type Issuer funding and liquidity requirements Euro Commercial Europe US$20bn National Australia Bank Limited Paper • Short term wholesale funding
Slide 73: Additional information: Other
Additional information Other
Slide 74: New Zealand economy
New Zealand economy Economy struggling as GDP remains below peak; Commodity prices off their peak but remain high2 unemployment rate has moved higher1 (GDP, $NZ bn, chain prices) (Unemployment rate, %) (Index, January 2019 = 100) 6 200 75 180 70 160 5 140 65 120 4 60 100 Total index Dairy 80 55 3 20
Slide 75: New Zealand housing lending key metrics
New Zealand housing lending key metrics New Zealand housing lending Mar 24 Sep 24 Mar 25 Sep 25 Sep 24 Mar 25 Sep 25 Drawdowns1 Total Balances (spot) NZ$bn 58.8 60.1 62.1 63.9 6.7 7.7 8.8 By product - Variable rate 8.9% 9.6% 12.1% 13.2% 11.4% 15.5% 17.0% - Fixed rate 89.5% 88.7% 86.2% 85.1% 86.9% 82
Slide 76: On track to complete Citi Consumer Integration
On track to complete Citi Consumer Integration Integration and migration timeline ✓ Key milestones delivered since June 22 acquisition Completion Sep 22 Mar 24 Oct 24 Mar 25 Sep 25 Dec 251,2 High Net Worth Mortgages, Migrated Diners Migrated first colleagues deposits and second cohort • On track to
Slide 77: Remediation
Remediation Remediation provision charges1 Customer-related remediation provision charges1 ($m) Customer-related remediation • NAB Wealth remediation programs have reached 109 110 101 conclusion 87 14 13 • Continuing operations include matters that 45 relate to the incorrect charging of rates and fe
Slide 78: Sustainability priorities anchored in customer needs
Sustainability priorities anchored in customer needs Progress reported annually in NAB’s reporting suite: nab.com.au/annualreports (1) Ambition reflects cumulative total of new financing activity from 1 October 2023 to 30 September 2030. Refer to page 42 of the 2025 Climate Report for further inform
Slide 79: Power generation exposures
Power generation exposures Group power generation EAD by fuel source1,2 (AUD$bn) 9.37 8.87 0.19 8.58 0.21 0.00 0.49 8.09 0.00 0.00 0.24 1.89 7.39 0.00 1.44 • 78% of total power generation financing to 0.48 1.47 1.38 renewables2 0.00 1.49 • Renewable portfolio represents a mix of wind, hydro and sola
Slide 80: Resources exposures
Resources exposures Resources EAD by type1,2,3 (AUD$bn) 7.49 7.54 0.46 0.48 0.21 0.18 6.87 0.20 6.69 0.24 0.53 0.51 6.18 1.17 0.25 1.20 0.27 0.14 Gold Ore Mining • Exposure to thermal coal on track to be 0.16 0.66 0.91 0.18 effectively zero4 by 2030 excluding 0.83 0.14 Metallurgical Coal Mining perf
Slide 81: Thermal coal mining and oil and gas limits
Thermal coal mining and oil and gas limits Thermal coal mining exposure1 Oil and gas extraction - exposure2 (AUD$bn) (USD$bn) 0.24 0.20 1.66 1.68 0.16 1.38 0.14 0.14 1.20 59% 0.96 42% 43% 51% 51% Sep 23 Mar 24 Sep 24 Mar 25 Sep 25 Sep 23 Mar 24 Sep 24 Mar 25 Sep 25 Thermal coal EAD % Thermal coal re
Slide 82: Disclaimer
Disclaimer This presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States or to any “U.S. person” (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”)) or any other jurisdiction
Slide 83: Disclaimer
Disclaimer There are many factors that could cause actual results to differ materially from those projected in such statements, including (without limitation) a significant change in the NAB Group’s financial performance or operating environment; a material change to law or regulation or changes to
Slide 84: Disclaimer
Disclaimer * A ‘UK retail investor’ means a person who is (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (the ‘EUWA’); and/or (ii) a customer within the mea
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