Anz Group Holdings Limited · ASX:ANZ
Anz — FY2006 Earnings Presentation
69 slides from Anz's earnings presentation, Oct 26, 2006
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Slide 2: A good year - met our targets again
A good year —- met our targets again Headline profit ~@ 16.2% Cash* profit 4 13.8% Revenue Growth 4p 8.4%*# Profit Before Provisions + 10.4% Cash* EPS 4 = =13.2% Dividend + 13.6% Return on equity back above 20% Cost-Income ratio improved by 1.0% 2 *adjusts headline numbers for AIFRS 2005 adjustments
Slide 3: Good performance from divisions
Good performance from divisions Division Sep-06 v Sep-05 Cash NPAT ($m) Personal {}22% [os 1,256 Institutional 4p 11% 1,006 nzpd New Zealand* 4p 20% NZD Geography: _ Cash NPAT ($m) Australia New Zealand 4 26% 964 nz @ NPAT increase H NPAT decrease a Sep-05 NPAT Asia/Pacific 4} 25% Other § 35% SS ot
Slide 4: Innovative strategy delivering results
Innovative strategy delivering results A clear strategy - advance domesticaily while developing long term growth options in Asia inning share in Austratia od earnings momentum ding customer satisfaction ding staff engagement + Investing for tomorrow ‘improved results from Portfolio of fow-risk Asian
Slide 5: Building a sustainable difference
Building a sustainable difference Updated Targets Revenue growth 7-10% Cost Growth 5-7% ROE >20% Cost to Income <40%
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Slide 7: A quick reminder - its not all 'apples and apples'
A quick reminder -— its not all ‘apples and apples’ A October 2005 AASB 139, 132 &4 come into _ play, Sep> 705 not restated for ards 2006 Statutory IFRS Accounts 2005 not restated for AASB 139, 132, and 4 Lack of comparability YOY a real issue eg: > Change in margin 4» 1 bp (statutory) Ss 9 bp (full
Slide 8: A good result - 13.8% cash earnings growth; 10.4% PBP growth
A good result - 13.8% cash earnings growth; 10.4% profit before provisions growth Strong income growth allowing continued investment 211 = (265) 158 (240) i os» 7.2% (6.1%) 28.0% $m (19.2%) 3,151 / 9.0% LOGY rmenip D3. 8% emma Sep-05 Sep-06 Cash Cash Net Interest Income Other income Expenses Provisi
Slide 9: Another way to think about this result
Another way to think about this result A good result even without provisioning benefit | Headwinds / had material 1.4% 48% ¢ 10%-11% a better reflection _ of underlying trajectory ao Fl e In line with PBP growth of 10.4% wn oO > ; oe oe ¢ Can’t completely ignore oo £ é 10% provisioning impact - part
Slide 10: Strong revenue growth the highlight, 9.1% FX adjusted
Strong revenue growth the highlight, 9.1% FX adjusted Top end of Revenue target revised upwards, now 7% to_10% 10% 74 | woh 9% Now 7%-10% % 4 0- 9% 8% j | 7.248 6.3%" 6% 74 4% 4 2% 7 0% T T T 1 FY04 FYO5 FY06 Strong revenue growth across the Group (FYO06 ANZ League Table -Top 10 Performers) New Zeal
Slide 11: Good volume growth offset by Institutional and New Zealand margin pressure
Good volume growth offset by Institutional and New Zealand margin pressure, mainly in first half Net Interest Income* Drivers FYO5 v FY06 End of | | Period+ 12.3% 11.7% (0.5%) / 30m Personal $ [ bile -$13m $317m 11.8% $382m | 21.2% 9.1% Institutional® _sig6m | (10.7)% $196m NZ $307m 17.6% : 12.6% Ba
Slide 12: Margin decline in line with expectations, improvement in second half
Margin decline in line with expectations, improvement in second half Lower competitive intensity in NZ, Competition impacts in all partly offset by increase in Australia segments (competition impact on Group Margin FY05-FY06 bps) bps 240.0 (5.1) T y T T ii (2.8) 3.1 (7.7) x il [ 1.5 231.0 -1.1 -1.0
Slide 13: Underlying Other Income growth remains strong, still a seasonality impact
Underlying Other Income growth remains strong, still a seasonality impact Misleading to look at Trading Income in isolation - need to look at total Markets income” ($m) 2HO6 Other Income* impacted by NZD and Markets accounting 347 0.6% ta td Sep- Mar- Sep- Mar- Sep- Mar- Sep- ! | 03 «04 04 05 05 06
Slide 14: Higher investment funded by strong revenue growth
Higher investment funded by strong revenue growth Expense growth* above short term target range refiecting higher investment spend 10% 7 8% 6% We have significantly increased our investment spend over last two years 778 709 — $m 408 458 FY03 FY04 FY05 FY06 vt CAPEX #@ OPEX @ NZ integration Investmen
Slide 15: Successfully lowered risk in the portfolio
Successfully lowered risk in the portfolio, very hard to see credit quality getting better than this! Individual Provisions at Consumer: Key Drivers unsustainably low levels y e Continued growth in the portfolio $m 600 4 e Change in portfolio mix from _ueseencsesseeseppmmmeveapies growth in unsecure
Slide 16: Days past due an early indicator? Alert but not alarmed
90 days past due an early indicator? Alert but not alarmed! The cycle has clearly turned with Growth has mainly been in the - higher interest rates & fuel costs Australian highly secured portfolio impacting some consumers, but 90+ = _ (90+ days past due loans Aust.) bp days still at low levels 404 4
Slide 17: Portfolio growth driving Collective Provision charge
Portfolio growth driving Collective Provision charge FYO6 Collective Provision charge at low levels $m 208 FYO5 FY06 ' Growth fa Risk Change ta Portfolio Mix 4 Scenario Impact B& Non Continuing Bus. FYO6 - Reduction in Collective Provision charge driven by: « Lower rate of portfolio growth than in F
Slide 18: Hedging the Kiwi dollar - two key impacts
Hedging the Kiwi dollar — two key impacts 1. “Pre-existing” hedges — significant value created for shareholders « FYO6 NPAT of $32m from hedges at average rate of ~1.105 « $118m of shareholder value created - FY07-FY09 hedge profits booked directly to reserves & retained earnings in FY06 (-$23m) & F
Slide 19: Key takeaways from today
Key takeaways from today A good result, with cash EPS up 13.2% Very good revenue growth, up 9.1%* Momentum continuing into ‘07, new target of 7%-10% Cost growth up 7.5%", significant investment in growth Still investing in 07, growth at upper end of 5%-7% Remarkably good credit quality outcome in ‘0
Slide 20: Additional Information
Additional Information
Slide 21: Strong headline growth; 13.8% cash profit growth
Strong headline growth; 13.8% cash profit growth Cash EPS {713.2% Cash Profit growth 436....3,587 # NPAT ee Ss $m 28 =8 oY ae #8 3,175 (31) (31) 38 (3,151 ¥ & : D 5 &S § 5 E Qo 2 Es 6 £o Ga Oe 2 y oe €€ ze rem ye 2D Bo ae zs We Sep-05 | “Sep-05 Sep-06. Sep-06 Cash Cash ~ 13.8% — 16.2% oe 34 Pils ie
Slide 22: Cash Profit & Cash EPS reconciliation
Cash Profit & Cash EPS reconciliation { ~ { Income 10,089 } 9,306 H 8.4 5,158} 4,931 j 4.6 : $n min L an oo Expenses (4,605) : (4,340) (6.1) _ (2,346) (2,259) (3.9) en sm nes Profit before Provisions 5,484 { 4,966 } 10.4 2,812 2,672 5.2 { H smn a is ae — Provision for Credit Impairment ~(407) (580)
Slide 23: ANZ League tables
ANZ League tables Rank pistes Revenue | Expense | PEP | | (PBP) Growth rowth Growth | PBP* 1 Investment & Insurance Products 23% 17% 49% 0.9% 2 NZ Inst. Continuing (NZD) 23% 19% 25% 5.5% 3 Pacific 18% 14% 25% 1.6% 4 Mortgages 15% 8% 21% 9.7% 5 Consumer Finance Aust 15% 8% 21% 10.6% 6 Private Bank 18
Slide 24: Revenue Growth
Revenue Growth Revenue momentum to be maintained All Divisions revenue growth within or above Group target FYO5 FY06 Personal still above group average, but may be difficult to maintain 13% revenue growth. Continue to expect solid FUM growth and relatively stable margins Institutional good growth in
Slide 25: Underlying capital remains strong, ACE target range reduced
Underlying capital remains strong, ACE target range reduced consistent with peers « ACE ratio declined by 39bpts, 6.75 4 6.25 4 5.75 4 5.25 4 4.75 7 4.25 74 3.75 = Sep-05 ACE Ratio at top end of target 1.67 (0.95) (0.47) s 2 2 Oo Es a S ° XI (0.04) 5 91 (0.33) a: ai Dividends* ome INGA & Assoc a Buy
Slide 26: Divisional Performance
Divisional Performance
Slide 27: Personal: a compelling customer proposition
Personal: a compelling customer proposition Recent softening in customer Investment in the franchise reflected in satisfaction across the industry, improved brand image ANZ remains at top of other majors 19 ,(Brand Image, Source: ANZ Brand Health Monitor) (Main Financial Institution*) 12 8 4 oi o Se
Slide 28: Personal: Investing to deliver More Convenient Banking
Personal: Investing to deliver “More Convenient Banking” Continuing to invest in distribution... (# branches and ATMs) 800 2,200 25 Branches & 330 ATMs added 780 during 2006 1,900 760 1,600 740 70 1,300 700 1,000 Sep-04 Mar-05 Sep-05 Mar-06 Sep-06 whee Branches (LHS) comme ATMS (RHS) More Convenient
Slide 29: Banking Products: good growth in customer numbers
Banking Products: good growth in customer numbers Solid growth in account numbers... .. with FUM growth delivered across all products (A$b) en — — f Transactions Savings @ Term Deposits 25% increase in account numbers ¥ 4,058 3,626 2004 2005 2006 2004 2005 Strong growth and strong margin FUM flows g
Slide 30: Mortgages: Solid FUM growth & balanced distribution mix
Mortgages: Solid FUM growth & balanced distribution mix ANZ Retail* growing ahead of peers Balanced mix of distribution channels (volume growth relative to system) (% flows) (Sep 05 - Aug 06*) an By FUM at #t Broker @ Network # Specialist Sep -06 19% 45% 36% ANZ ANZ Peer 1 Peer 2 Peer 3 Peer 4 2004
Slide 31: Consumer Finance: Solid FUM growth, losses in line with long term trends
Consumer Finance: Solid FUM growth, losses in line with long term trends Strong FUM growth for cards and personal loans 7,643 17% oy: 2006 ™ Personal Loans Proprietary (including Low Rate) income margin” and loss rates stable (index Jan-05 Income = 100) % Acquisition growth by cards product 100% 80%
Slide 32: Regional & Rural and Small Business: solid performance
Regional & Rural and Small Business: solid performance Rural Commercial and Agribusiness : Small business (PBP $m) (Average FUM growth $m) ‘ (PBP $m) (Average FUM growth $m) Growth Growth y 9% 10% 15% i 14% 15% 10% yoy ; yoy ‘ 80 157. gid 6 70 2,414 243 2,103 PBP PBP Deposit Lending Bi 2005 |i 2006
Slide 33: Investment & Insurance Products: strong growth led by financial planning
Investment & Insurance Products: strong growth led by financial planning business Strong growth in all businesses... (2006 NPAT growth) 113% 61% 56% 20% Gen Insurance Margin Trustees Fin Planning Lending Future growth underpinned by growing planner numbers (% growth in planner numbers 2006*) 14% 14%
Slide 34: Pacific: Solid FUM growth and customer acquisition
Pacific: Solid FUM growth and customer acquisition continues to drive momentum Continued growth in NPAT... ($m) 27% annual growth 06 v 05 55 57 2HOS 1HO6 2HO6 Continued momentum in major markets (NPAT growth*) ..driven by Deposit and Lending growth (average period growth %) #t 2HOS “2HOS WI1HO6 ”2HO
Slide 35: Esanda: improved 2H06 performance
Esanda: improved 2H06 performance from revenue growth and efficiency gains Revenue growth rebounded in 2H06 ($m) $208 ina i 1HOS 2HO5 1HO6 2HO6 Lower Australian New Vehicle Sales* impacting New Business Writings ($b) teat New Business Writings $ 000's comme New Car Sales 3.2 600 3.1 550 500 450 400
Slide 36: Institutional: revenue growth supporting continued investment
Institutional*: revenue growth supporting continued investment in people and systems Specialist product businesses driving performance (PBP growth 2006 v 2005) 16% Markets -5% DPG Continuing to invest in our growth businesses (FTE growth 2006 v 2005) Balance sheet more actively managed with lower RW
Slide 37: Institutional: regained Lead Bank status
Institutional: regained Lead Bank status Lead bank across all customer relationship metrics #1 = Outright Lead Bank (Relationship Market Share (%)) #1 = Overall Satisfaction #1 =~ Relationship Manager Capability #1 = =Most Trusted Adviser #1 = Best Sector Analysts #1 > Knows Company’s Industry #1 =
Slide 38: Institutional: Business Banking continues to perform well
Institutional: Business Banking continues to perform well, Corporate impacted by competition Business Banking Continued good Solid FUM growth... performance (PBP growth) {Average growth) Corporate Banking Soft 1HO6, Good volume growth turnaround in 2"4 half {Average growth) (PBP growth) 6.3% 2HO5 1L
Slide 39: Institutional Asia: investing for growth
Institutional Asia: investing for growth Revenue growth outpacing Source of Revenue by Non Performing Loans expense growth delivering business reduced to zero in FY06 strong NPAT A$m 250 #2005 1 2006 200 150 Corp & Structured Financi 100 @ Debt Products Group wv Markets 2s 50 Trade & Transaction Ser
Slide 40: New Zealand: good momentum in Retail and Rural banking
New Zealand: good momentum in Retail and Rural banking Continued momentum in National Bank Retail and Rural Banking, ANZ Retail ‘back in the game’ NPAT NZD % growth 205m 6.9% ANZ Retail PBP NZD 328m“ % growth 5.8% * 3.3% 2HO6 PBP growth’ * Growth in market share with Consumer Finance FUM up 14%, Mor
Slide 41: New Zealand: strong growth in Corporate & Commercial and Institutional
New Zealand: strong growth in Corporate & Commercial and Institutional*, UDC restructure completed Strong momentum in Corporate & Commercial and Institutional, signs of turnaround in UDC NPAT NZD 172m 226m 27m % growth 102% 14.4% (25.8%) Corporate & Commercial | Institutional* upc PBP NZD 246m 344m
Slide 42: Building momentum in International Partnerships, Panin
Building momentum in International Partnerships, Panin performance impacted by tough macro environment Credit Card Joint Ventures * Strong growth momentum continues* - 60% increase in NPAT - 37% increase in card accounts Indonesia * 65% market share of Platinum Mastercard; 5% overall cards market sh
Slide 43: INGA: underlying business performing well
INGA: underlying business performing well Solid operating profit growth Employer Super and Personal Invest. businesses driving profit growth 299 186 $m gq Operating Profit ; 5 2 7 wee on 207 $m Ae a _ g G y 8 H 137 (2) 5 3 : 6a x 3 22 z ey 5 SE y ’ ££ Es 2003 2004 2005 2006 a se Operating Profit a T
Slide 44: Margin Analysis
Margin Analysis a4
Slide 45: Positive margin outcomes across all Divisions in 2H06
Positive margin outcomes across all Divisions in 2HO6 supporting strong Net Interest Income growth Net Interest Income* Drivers 1HO6 v 2HO6 End of | _Period+ 90m i : Personal $ 5.4% | $13m $103m $60m 3.0% Institutional® = giim - $71m NZ $75m 5.5% Banking” $1im (NZD) $86m $134m iegend 48% Group $73m
Slide 46: Group half on half margin up 4bps
Group half on half margin up 4bps NZ deposits & Aust Cards key Reported margin up 4.0bps, drivers of competition Underlying down ~3bps (competition impact on Group Margin 1HO6-2HO6 bps) gaint (1HO6-2HO6) 3.5 233.0 ~0.5 0.5 bps -1.0 -0.9 5 Aust Inst/Corp/ 229.0 - (0.4) 0.4 (2.9) NZ Deposits Aust Card
Slide 47: Personal: Convenience & Simplicity strategy driving stable deposit margin
Personal: Convenience & Simplicity strategy driving stable deposit margin outcome Mortgages key driver of Asset Mix & Wholesale Rate benefits competition offset by increased Competition (competition impact on Personal Division (FY05-FY06) Margin FYO5-FY06 bps) ae a . -0.7 : “0.5 bps 19 | “3.4 237.5
Slide 48: Institutional: Margin decline driven by funding mix, asset mix and competition
Institutional: Margin decline driven by funding mix, asset mix and competition Competition spread across all Reported NIM decline adversely segments impacted by accounting noise {competition impact on Institutional Division (FY05-FY06) Margin FYO5-FY06 bps) bps q Ill ll li -11 / -1.3 -1.3 -1.3 Debt
Slide 49: New Zealand Banking: Deposit & Mortgage competition key drivers of margin decline
New Zealand Banking: Deposit & Mortgage competition key drivers of margin decline Deposits & Mortgages key drivers of competition (competition impact on New Zealand Competition driving margin decline Banking Margin FYO5-FY06 bps) (FYO5-FY06) 7 7 Hi : wi 1 wi : nn bps jj | -1.9 -1.8 1400-13 255.0 (6.
Slide 50: Credit Quality
Credit Quality Pils ie 8 i
Slide 51: Strong credit quality continues
Strong credit quality continues Delinquencies remain low Reduced Non Performing 5 ae, (60 day delinquencies) 4% 7 Loans omen Mortgages 2.0% 4 . AUDm # of commen Credit Cards loans 1.6% 7‘ 800 4 r 50 1.2% 4 i ai 0.8% 4 r 40 600 4 0.4% 4 ° \, put prec Paa, 0.0% r r T T t T t T r 30 Mar- Sep- Mar- Sep-
Slide 52: Net Individual Provision charge down 5.2%
Net Individual Provision charge down 5.2% Virtually all losses were in Australia Very few large losses in FYO06 Net Individual Provisions by Geography Net Individual Provisions By Size 1 Customer $m : 2 Customers 600 5 527 500 4 4 5 Customers 443 4 357 400 338 300 5 Value of Writebacks & Recoveries
Slide 53: Portfolio growth driving Collective Provision charge
Portfolio growth driving Collective Provision charge Portfolio growth and risk shifts driving Oil price remains at 2HO6 Collective Provision charge historically high levels US$/bbI $m 119 0+ T T T T T 2001 2002 2003 2004 2005 2006 Oil Provision run-off profile unchanged 1HO5 2HO5 1HO6 2HO6 4 Growth
Slide 54: Collective Provision charge driven by Cards and Esanda
Collective Provision charge driven by Cards and Esanda FY06 Collective Provision charge Group Institutional (excl Corporate & BB) Corporate & BB Cards (Aust.) Esanda Personal (excl Cards & Esanda) New Zealand Other” Non Continuing 23 (7)* 16 9 22 1* 33 (32) 6 0 (8) (10) (15) (4) (14) 2 Cards driven
Slide 55: Risk grade migrations
Risk grade migrations Debt Product Group (net Lending Assets $26.2b*) e Re-rating remained at a nominal level for 2006. * 8.6% of all customers were downgraded during the year, with 13.8% upgraded Corporate Australia (net Lending Assets $13.9b*)} ¢ Re-rating within the portfolio has occurred as a re
Slide 56: Strong credit quality in Mortgages Australia
Strong credit quality in Mortgages Australia « Dynamic LVR profile reflects strong Strong LVR profile migration into lower LVR buckets compared to the time of origination 80% 4 LVR at origination Sep-05 ts LVR at origination Sep-06 . . 9 * Owner Occupied dominates the 60% portfolio, while the uptake
Slide 57: Credit Cards: credit quality remains sound
Credit Cards: credit quality remains sound Loss rates likely to increase as low rate ¢ The Consumer Cards portfolio mix is balances ‘season’ shifting from loyalty products {Loss Rates by Vintage by Product Index YR1 = 100) . % Ave. Total O/S Balances towards Proprietary and Low Rate Index a oe produ
Slide 58: No signs of deterioration in Domestic consumer credit
No signs of deterioration in Domestic consumer credit Rate of growth in Household Debt Aust. rate of growth in house prices reducing in Aust, stable in NZ improving, NZ coming off historic highs % (quarterly % change) (yearly % change) Aust. US UK NZ Source - ABS, DataStream, RBNZ, Economics@ANZ Sou
Slide 59: Risk profiles remain largely unchanged
Risk profiles remain largely unchanged Group — Outstandings Institutional —- Outstandings $223bn $248bn $272bn* $63bn $70bn $76bn AAA to 10.4% 7 | BBB ey AAA j to BBB 36.3% 34.45 BBB- BBB- BB+ to BB BB+ to BB BB- BB- >BB- / >BB- Sep-04 Sep-05 Sep-06 Sep-05 B+ to CCC 1.8% 1.6% 1.6% B+ to CCC 1.7% 1.8
Slide 60: Industry exposures - Australia & New Zealand
25bn 20bn 15bn 10bn 5bn Obn 25bn 20bn 15bn 10bn 5bn Obn + Industry exposures — Australia & New Zealand Health & Community Services Cultural & Recreational Services 10.0% 25bn “n, 8.0% 20bn 6.0% 15bn 4.0% 10bn 2.0% 5Sbn Sep-03 Sep-04 Sep-05 Sep-06 Mining Obn + Sep-03 0.0% Sep-04 Sep-05 Sep-06 10.0% 2
Slide 61: Industry exposures - Australia & New Zealand
Industry exposures — Australia & New Zealand Lending Assets (AUD) % of Portfolio (RHS scale) % in High Risk (RHS scale) % in Non Accrual (RHS scale) Finance - Other Transport & Storage Utilities 25bn 10.0% 25bn 4 10.0% 25bn 10.0% 20bn 8.0% 20bn 4 8.0% 20bn 8.0% 15bn 6.0% 15bn4 6.0% 15bn 6.0% 10bn 4.
Slide 62: Industry exposures - Australia & New Zealand
Industry exposures — Australia & New Zealand Lending Assets (AUD) % of Portfolio (RHS scale) % in High Risk (RHS scale) % in Non Accrual (RHS scale) Real Estate Operators & Dev. Retail Trade Agriculture 25bn 10.0% 25bn 10.0% 25bn 10.0% 20bn 8.0% 20bn 8.0% 26bn 8.0% 15bn 6.0% 15bn 6.0% 15bn 6.0% 10bn
Slide 63: ANZ is a recognised Corporate Responsibility leader
ANZ is a recognised Corporate Responsibility leader ¢ Ranked in the top five banks globally on the Dow Jones Sustainability Index ¢ Overall gold medal and ranked three on the Australian Corporate Responsibility Index e Prime Minister’s Special Award for Impact on the Community e Member of the FTSE4G
Slide 64: Community investment strategy is leading practice
Community investment strategy is leading practice > NevioNAd mi ; iereauing the financial itercy -— eeucien i of oe Se ee amongst the most ee le people ) in oy _ MoneyMinded Saver Plus Opportunities for our people to” engage with their local _ eommunities and support _Gauses that are important to th
Slide 65: People strategy has created the most engaged workforce of major banks
People strategy has created the most engaged workforce of major banks = ay A, ie i ade CE decision making. 26,000+ staff have participated in Breakout workshops, + This year we implemented the Breakout to the Frontline program involving 6,000 customer-facing staff this year. + Our employee engagemen
Slide 66: Integrating environmental and social considerations into our business practices
Integrating environmental and social considerations into our business practices Institutional & Corporate (Sustainability | + 86% of all new client transactions and annual client reviews in institutional Australia underwent an environmental and social impact screening this year. leaders nip by Devel
Slide 67: Summary of forecasts - Australia (bank year)
Summary of forecasts — Australia (bank year) GDP Inflation Unemployment Cash rate 10 year bonds A$/US$ Credit - Housing - Business - Other 2005 2.5 2.6 5.1 5.50 5.4 0.76 13.4 13.4 13.7 12.8 2006 2.7 3.3 4.8 6.00 5.5 0.75 14.4 14.4 15.8 9.3 2007 3.1 2.5 5.1 6.25 5.9 0.72 12.0 12.5 11.3 11.0 2008 2.8
Slide 68: Summary of forecasts - New Zealand (bank year)
Summary of forecasts — New Zealand (bank year) 2005 2006 2007 2008 GDP 2.6 1.7 1.4 2.1 Inflation 3.4 3.8 2.8 1.9 Unemployment (Sept qtr, s.a.) 3.7 3.8 4.4 4.6 Current Account (% GDP) -8.5 -9.6 -9.8 -9.2 90 day bank bill 7A 7.6 6.8 5.6 10 year bond rate 5.7 5.8 6.2 6.5 NZD/USD 0.70 0.65 0.55 0.57 NZD
Slide 69: Disclaimer and investor relations contact
The material in this presentation is general background information about the Bank’s activities current at the date of the presentation. It is information given in summary form and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and
Australia and New Zealand Banking Group Limited (ANZ) — FY2006 Earnings Presentation on 6ix