National Australia Bank Limited · ASX:NAB
National Australia Bank — Debt Investor Presentation (May 2025)
84 slides from National Australia Bank's debt investor presentation, May 2025
Slide 1: Debt Investor Update May 2025
Debt Investor Update May 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 investor.
Slide 2: Key messages
Key messages • Increased cash earnings and ROE in a challenging environment • Capital ratios, provisioning and liquidity remain strong • Execution of refreshed strategy delivering early, encouraging signs • Three key priorities to drive stronger returns: business banking, deposits and proprietary ho
Slide 3: Australian economy well positioned in volatile times
Australian economy well positioned in volatile times Australia enters this period of heightened geopolitical Cash rate expected to fall as inflation continues to risks and weaker global growth in good shape moderate1 (%) • Inflation moderating and economy continuing to grow 8 Forecasts2 7 7 • Househ
Slide 4: House price and rents growth has slowed
House price and rents growth has slowed House price growth has slowed1 Rents growth has eased 2 (Index) (%) Sydney Melbourne Brisbane Sydney Melbourne Brisbane Adelaide Perth Hobart 190 15 180 Adelaide Perth Hobart 170 10 160 150 5 140 130 0 120 110 -5 100 90 -10 2019 2020 2021 2022 2023 2024 2025 2
Slide 5: The business sector has remained cautious
The business sector has remained cautious Confidence and conditions remain weak1 Capacity utilisation remains above average1 (Net Bal.) (%) 85 20 0 80 -20 Business Confidence -40 75 Capacity utlilisation Business Conditions -60 Long-run average -80 70 2007 2010 2013 2016 2019 2022 2025 2007 2010 201
Slide 6: US tariffs and Australian-US trade
US tariffs and Australian-US trade Australian goods exports to the US by commodity Country share of Australian goods exports2 ($AUD bn)1 40% 30% Beef Gold 20% Pharm Products (Ex Medicaments) 10% Meat (Ex. Beef) 0% Confidential Items of Trade Aircraft, Spacecraft & Parts Medical Instruments (Inc. Vet
Slide 7: Australia and NZ key economic indicators
Australia and NZ key economic indicators Australian economic indicators (%)1 NZ Economic indicators (%)1 CY22 CY23 CY24 CY25(f) CY26(f) CY22 CY23 CY24 CY25(f) CY26(f) GDP growth2 3.1 1.5 1.3 2.0 2.3 GDP growth2 3.1 0.9 -1.1 2.0 2.6 Unemployment3 3.5 3.9 4.0 4.4 4.3 Unemployment3 3.4 4.0 5.1 5.4 4.9
Slide 8: Financial results
Financial results Underlying profit ($m) Cash earnings1 ($m) Statutory profit ($m) 1.9% HoH 0.0% PcP 0.8% HoH (1.7%) HoH 1.0% PcP (2.5%) PcP 5,461 5,362 5,463 3,548 3,554 3,583 3,494 3,466 3,407 1H24 2H24 1H25 1H24 2H24 1H25 1H24 2H24 1H25 (1) Refer to page 83 for definition of cash earnings and rec
Slide 9: Increased cash ROE and EPS
Increased cash ROE and EPS Cash return on equity Basic cash EPS (cents) 130 114 117 114 115 117 12.9% 102 107 98 11.7% 11.6% 11.7% 10.7% 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24 1H25 Dividends per share and payout ratio (cents) 78 83 84 84 85 85 67 73 60 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24 1H25 D
Slide 10: Balance sheet strength remains a key priority
Balance sheet strength remains a key priority Approach to capital management Strong provisioning1 • CET1 target increased by 25bps to >11.25% (at Level 1 and $5.1bn CP at Mar 25 includes $1.7bn of forward-looking provisions Level 2) to reflect APRA’s decision to phase out AT1 1.69% 1.67% 1.62% • Str
Slide 11: 1H25 revenue
1H25 revenue Net operating income (HoH) ($m) HoH revenue increase 1.7% (ex M&T 1.1% decrease ) 67 (117) 270 (57) 6 10,138 10,112 10,011 10,281 Mar 24 Sep 24 Volumes Margin Fees & Other Mar 25 Markets & Mar 25 Commissions (ex M&T) Treasury Markets & Treasury (M&T) income breakdown Key revenue drivers
Slide 12: Net interest margin
Net interest margin Net interest margin (HoH) Flat (-3bps ex M&T) (0.01%) +4bps from replicating portfolio (0.02%) 0.03% (0.02%) 0.02% Aust HL -1bp Term -1bp Mix -2bps NZ HL +1bp Short term -1bp Costs -2bps BL -1bp 1.72% 1.70% 1.70% Mar 24 Sep 24 Lending Margin Funding Costs Deposits Capital & Other
Slide 13: Operating expenses
Operating expenses Operating expenses (HoH) ($m) +1.4% (3) 71 (131) (24) 24 67 64 Includes uplift in 4,421 financial crime 4,750 related costs 4,818 Sep 24 Salary related Volume related Technology Depreciation & Productivity Other EU & Remediation1 Mar 25 & Investment Amortisation FY25 consideration
Slide 14: Asset quality
Asset quality Non-performing exposures (NPL) as a % of GLAs Key 1H25 impacts • Pace of NPL increase slowing as Australian mortgage arrears stabilise; B&PB business lending the key driver of 1H25 uplift 1.49% 1.39% • NPLs remain dominated by Default but not impaired exposures 1.13% 1.20% 0.22% 0.20%
Slide 15: Strong provisioning maintained
Strong provisioning maintained Total provision balances higher Key considerations ($m) 1.56% 1.47% 1.47% • Total provisions of $6.0bn (or 1.67% of CRWA) 1.42% 1.35% represent 1.7x 100% base case scenario3 1.31% • CP of $5.1bn representing 1.42% CRWA 6,376 0.96% 5,921 6,037 • Deteriorating asset qual
Slide 16: Group non-retail lending industry sector analysis
Group non-retail lending industry sector analysis Non-performing exposures (NPLs) as % of lending EAD by regulatory industry categories1 4% Target sectors with FLAs2 Mar 24 Sep 24 Mar 25 NPLs as a % of EAD (Mar 25) NPLs (ex F&I) as a % of EAD (Mar 25) 3% 2% 1% 0% Accomodation Agri, forestry & Busine
Slide 17: Australian business lending asset quality
Australian business lending asset quality Business lending credit impairment charge and as a % Business lending non-performing exposure as % of of GLAs GLAs ($m) ($m) 600 1.87% 500 0.24% 0.26% 0.20% 1.66% 0.14% 1.43% 400 1.33% 1,206 300 995 611 641 200 295 339 3,910 100 276 2,679 3,012 3,410 181 0 -
Slide 18: Housing lending arrears profile
Housing lending arrears profile1 Arrears slowing as % of GLAs but limited impairment 2.45% 1.82% 1.87% 1.63% 1.75% 1.75% 1.79% 1.65% 1.61% 1.42% 1.41% 1.18% 1.24% 1.15% 1.22% 1.15% 0.98% 1.04% 1.08% 0.93% 0.90% 0.73% 0.67% 0.76% 0.11% 0.12% 0.10% 0.10% 0.10% 0.06% 0.05% 0.05% 0.08% 0.06% 0.06% 0.05%
Slide 19: Housing lending LVR
Housing lending LVR1 LVR breakdown at origination Dynamic LVR breakdown of drawn balance2 60% 60% Mar 25 Dynamic LVR 39.1% 40% 40% 20% 20% 0% 0% LVR LVR LVR LVR LVR LVR LVR LVR LVR LVR LVR ≤60% 60.01% - 70% 70.01% - 80% 80.01% - 90% >90% 60.01% - 70.01% - 80.01% - 90.01% - ≤60% >100% 70% 80% 90% 100
Slide 20: Housing lending offset and redraw balances
Housing lending offset and redraw balances1 Offset & redraw balances Offset & redraw balances distribution by number of ($bn) accounts 100 16 30% 45% 14 40% 90 25% 12 35% 10 20% 30% 80 25% 8 15% 20% 70 6 10% 15% 4 10% 60 5% 5% 2 0% 0% 50 0 0 up to 5k 5k to 50k 25k to 50k 50k to 100k 100k to 250k 250
Slide 21: Capital remains above operating target
Capital remains above operating target Group Basel III CET1 capital ratio (%) (0.63) L1: 11.84 L1: 11.92 0.86 (0.22) (0.08) (0.15) (0.12) 12.35 12.01 12.13 Sep 24 Cash earnings Dividend Credit RWA1 Other RWA Share buy-back Other2 Mar 25 Mar 25 Pro forma3 1H25 CET1 considerations Credit risk-weighted
Slide 22: 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 31 21.02% March 25, NAB meets APRA’s Jan 26 LAC requirements 18.25% 18.25% Tier 2, 6.76% • NAB has $0.6bn of existing AT1 and $2.4bn
Slide 23: 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 • Well progressed on t
Slide 24: Diversified & flexible term wholesale funding portfolio
Diversified & flexible term wholesale funding portfolio 1H25 Issuance by product type1 1H25 Issuance by currency1 Covered 8% AUD 44% Other 1% Subordinated 14% EUR 9% NZD 4% Senior 78% USD 42% Outstanding issuance by product type1, 2 Outstanding issuance by currency1 RMBS 2% JPY 1% Other 4% GBP 4% Co
Slide 25: Additional information: Strategy
Additional information Strategy
Slide 26: 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 27: Key priorities
Key priorities • Execution of strategy to deliver improved customer advocacy, greater speed and simplification • Focus on business banking, proprietary lending and deposit franchises to drive strong sustainable returns • Maintain prudent balance sheet settings to support customers • Disciplined appr
Slide 28: Focus on improving customer advocacy
Focus on improving customer advocacy Deliver sustainable returns through deeper customer relationships, improved retention and referrals Design and rollout customer Identified 20 “Must Win Battles” Track performance using granular feedback loops to drive – key customer experiences that customer expe
Slide 29: Three key priorities to drive strong sustainable returns
Three key priorities to drive strong sustainable returns Business Leading business bank • Consistent execution of long term strategy to drive growth in B&PB banking for SMEs Growing share in SME lending in 1H251 • Investing in innovative payment solutions for businesses Consistent focus in • Impro
Slide 30: Growing share of business lending in target segments
Growing share of business lending in target segments #1 SME lending market share1 #1 Business lending market share2 Key 1H25 growth drivers • #1 bank with increasing share in 1.3x system growth in 1H25 0.8x system growth in 1H25 SME, driven by B&PB and corporates in C&IB • Strongest share gains in M
Slide 31: Investing to grow deposits
Investing to grow deposits Strong growth in retail and business deposits Increased share of household Retail new transaction 22% share of business B&PB new business deposits with 1.3x system account openings deposits with 1.6x system transaction account openings growth in 1H251 growth in 1H252 2
Slide 32: Improving performance in proprietary home lending
Improving performance in proprietary home lending Home lending strategy 1H25 actions • Deliver seamless customer, banker and broker • Dedicated team for proprietary home lending experiences supported by simplification of • Uplifted banker capability and support processes and policies and investment
Slide 33: Migration of Citi Consumer Business is a key priority
Migration of Citi Consumer Business is a key priority Integration and migration timeline Key milestones delivered Timeline Jun 22 Sep 22 Mar 24 Oct 24 Mar 25 Dec 251,2 High Net Worth Mortgages, Diners Migrated first colleagues deposits and Target date to Acquisition customers white label integrate
Slide 34: Continued focus on protecting customers against financial crime
Continued focus on protecting customers against financial crime Completed delivery of required activities Continue to invest in systems and controls to help under AUSTRAC Enforceable Undertaking protect the bank and our customers • In April 2022, AUSTRAC accepted an Enforceable Real-time payment ale
Slide 35: Additional information: Group & Divisional Performance
Additional information Group & Divisional Performance
Slide 36: NAB at a glance
NAB at a glance Cash earnings divisional splits 1 % of Cash earnings Key financial data 1H25 Business & Private Banking 46% Cash earnings1 $3,583m Personal Banking 16% Cash ROE 11.7% Corporate & Institutional Banking 25% Gross loans and acceptances $756.3bn New Zealand Banking 20% Customer deposits
Slide 37: Divisional contributions
Divisional contributions Cash Earnings Underlying Profit Divisional cash earnings1 1H25 ($m) 1H25 v 2H24 1H25 ($m) 1H25 v 2H24 Business & Private Banking 1,634 1.4% 2,578 (1.8%) Personal Banking 576 (6.8%) 981 (2.6%) Corporate & Institutional Banking2 909 4.1% 1,324 7.0% New Zealand Banking3 781 12.
Slide 38: Business & Private Banking
Business & Private Banking Cash earnings and revenue Net interest margin ($m) -0.7% (1.4% HoH) 0.8% (-1.0% HoH) 3.18% 3.08% 3.03% 2.98% 4,113 4,186 4,146 1,646 1,611 1,634 1H24 2H24 1H25 1H24 2H24 1H25 2H23 1H24 2H24 1H25 Cash Earnings Total Revenue Business and housing lending GLAs and deposits Cre
Slide 39: Business & Private Banking business lending
Business & Private Banking business lending Diversified Australian business lending growth (YoY)1 Denotes lending balance as at 31 March 2025 9.0% 9.3% 7.8% 7.0% 6.1% 2.7% Agri Health CRE2 Other NAB B&PB3 NAB Small business3 $44bn $10bn $41bn $63bn $158bn $12bn SME lending market share (RBA)4,5 Busi
Slide 40: Personal Banking
Personal Banking Cash earnings and revenue Net interest margin ($m) 1.4% (-1.0% HoH) 3.6% (-6.8% HoH) 1.82% 1.74% 1.75% 1.73% 2,262 2,317 2,293 556 618 576 1H24 2H24 1H25 1H24 2H24 1H25 Sep 23 Mar 24 Sep 24 Mar 25 Cash earnings Total Revenue Housing lending GLAs and deposits Credit impairment charge
Slide 41: Unsecured lending
Unsecured lending Key considerations Balance and market share1 ($bn) • Strong customer acquisition and spend performance across 26.7% 27.5% 27.6% NAB and Citi portfolios • Portfolio quality remains sound 0.22 • Arrears increased in 1H25 but remain below pre-COVID levels 6 9.0 8.7 8.7 0.11 • Revolve
Slide 42: Corporate & Institutional Banking
Corporate & Institutional Banking1 Cash earnings and underlying profit Net interest margin ($m) (%) 2.14 2.14 2.12 9.1% (7.0% HoH) 2.08 1.1% (4.1% HoH) 1,214 1,237 1,324 0.97 1.04 1.05 1.07 899 873 909 1H24 2H24 1H25 1H24 2H24 1H25 Sep 23 Mar 24 Sep 24 Mar 25 Cash earnings Underlying profit C&IB Ex
Slide 43: New Zealand Banking
New Zealand Banking Cash earnings and revenue Net interest margin (NZ$m) 2.88 2.84 4.1% (12.5% HoH) -0.4% (1.7% HoH) 2.79 2.76 750 781 1,761 1,725 1,754 2.36% 2.37% 2.34% 2.37% 694 1H24 2H24 1H25 1H24 2H24 1H25 Sep 23 Mar 24 Sep 24 Mar 25 Cash earnings Total Revenue Net interest margin Net interest
Slide 44: Additional information: Capital, Funding & Liquidity
Additional information Capital, Funding & Liquidity
Slide 45: Risk-weighted assets
Risk-weighted assets Risk-weighted assets ($bn) 1.9 0.7 (0.9) 1.2 9.6 413.9 426.4 Sep 24 Credit Operational Market IRRBB Capital Floor Mar 25 risk risk risk Adjustment Risk-weighted assets Credit risk-weighted assets ($bn) • CRWA mostly driven by business lending growth. Model and (3.3) (0.3) 1.8 me
Slide 46: Capital & Deposit hedges
Capital & Deposit hedges NAB replicating portfolios NAB replicating portfolios1 (%) Replicating portfolio 5 Avg return of replicating portfolio Mar 25 balance Invested out to term of 1H24 2H24 1H25 4 Capital AUD $40bn 3 years 2.14% 2.54% 2.92% Deposits AUD $73bn 5 years 3 BNZ replicating portfolios
Slide 47: Internationally comparable capital ratios
Internationally comparable capital ratios 28.4% 29.5% 29.6% 20.2% 21.1% 20.6% 17.5% 18.1% 17.6% 20.3% 20.3% 20.9% 14.1% 21.0% 12.1% 14.1% 12.4% 14.7% 12.1% 14.3% 12.0% Mar 24 Sep 24 Mar 25 Equivalent internationally comparable ratios1 APRA Common Equity Tier 1 ratios APRA Tier 1 ratios APRA Total ca
Slide 48: Asset Funding
Asset Funding Funded balance sheet Group sources and uses of funds, 6 months to 31 March 25 ($bn) $1,000bn $1,000bn 20 15 Short Term Wholesale, 10% Term Funding Liquid Assets1, 4 15 <12 months, 3 1 23% Other Deposits3, 5% 3% 6 Other Short 25 17 Term Assets2, 2% Customer Other Equity Other Term Term
Slide 49: Deposits & transaction accounts
Deposits & transaction accounts Business & Private Banking1 Personal Banking1 Corporate & Institutional Corporate Functions & ($bn) Banking Other2 233 171 137 134 163 132 132 221 7 1 214 19 157 5 3 207 17 151 32 17 30 16 29 28 49 54 47 51 88 35 81 85 34 75 32 30 24 29 23 26 45 49 43 44 74 59 64 69 2
Slide 50: Liquidity
Liquidity Liquidity coverage ratio (quarterly average) Net stable funding ratio composition ($bn) Group NSFR 119% as at 31 Mar 25 140% LCR 139% LCR 137% LCR 139% LCR $703bn Wholesale funding $592bn Other Liquids and Non- Financial 150 149 157 152 Other Assets Corporate Deposits 1 2 3 3 Other Loans R
Slide 51: Term wholesale funding profile
Term wholesale funding profile Historical term funding issuance1 ($bn) 6.7 8.1 5.0 4.3 5.0 5.0 years years years years years years 39 40 1 1 37 33 29 3 14 29 30 30 20 18 13 18 10 9 9 2 2 7 2 FY20 FY21 FY22 FY23 FY24 1H25 Tenor2 RBNZ Funding Facilities RBA Term Funding Facility Senior Unsecured and S
Slide 52: Additional information: Asset Quality
Additional information Asset Quality
Slide 53: Group lending mix
Group lending mix Gross loans and acceptances by product - $756.3bn Gross loans and acceptances by geography1 Other International 3% Asset Overdrafts 1% & lease financing 3% New Zealand 13% Credit card outstandings 1% Australia 84% Housing loans 56% Housing loans 57.00% Gross loans and acceptances b
Slide 54: Group credit impairment charge
Group credit impairment charge Credit impairment charge as % of GLAs Global 1.4% Financial Crisis 1.2% 1.0% 0.8% 0.6% 0.4% 0.09% Late 80’s / Early 90’s 0.2% Recession -0.1% Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep
Slide 55: Individually assessed provisions and charges
Individually assessed provisions and charges Individually assessed provision (IAP) Net write-offs ($m) ($m) 0.06% 0.06% 0 55.2% 55.8% 0.05% 0 50.6% 51.4% 0.05% 920 0 756 0 55 30.0% 539 546 59 0 60 59 237 225 865 190 180 0 697 479 487 0 0 0% -20.0% 0 Sep 23 Mar 24 Sep 24 Mar 25 Sep 23 Mar 24 Sep 24 M
Slide 56: Provisions
Provisions Movement in provisions1 $116m change in provisions for expected credit losses Sep 24 – Mar 25 ($m) 146 (164) 164 (30) Net $194m release from forward looking provisions Sep 24 – Mar 25 6,037 5,767 5,921 Mar 24 Sep 24 Underlying Forward Looking Target sector Individually Mar 25 collective p
Slide 57: Expected Credit Losses (ECL) assessment
Expected Credit Losses (ECL) assessment ECL scenarios & weightings Key considerations Total Provision for ECL1,2 • Increase in ECL vs Sep 24 primarily reflects deterioration in 1H25 asset quality and volume growth, partially offset by a net $m 100% Base 100% (probability weighted) case Downside rele
Slide 58: ECL provisioning by stages
ECL provisioning by stages Loans and advances by stage1 Provisions by stage2 Provision coverage by stage3 ($bn) ($m) (%) 0.60 0.61 0.60 974 1,000 5,767 5,921 6,037 959 10 11 9 1,639 1,855 2,196 195 192 195 18.9 18.1 19.5 756 772 794 3,588 3,400 3,190 1.84 0.43 1.77 0.42 1.64 0.39 540 666 651 0.09 0.
Slide 59: Business & Private Banking business lending
Business & Private Banking business lending Non-performing exposures (NPLs) as % of GLAs Aligned to revised APS 220 3.04% 2.66% 2.14% 2.30% 0.67% 1.75% 0.60% 1.66% 0.37% 0.39% 0.51% 0.33% 2.06% 2.37% 0.73% 1.77% 1.91% 0.65% 0.66% 0.58% 0.51% 1.24% 1.33% 0.23% 0.21% 0.22% 0.35% 0.45% Sep 16 Sep 17 Se
Slide 60: Target sector forward looking adjustments (FLAs)
Target sector forward looking adjustments (FLAs) Non retail target sectors non-performing exposures as % of non-retail lending EAD1 3.0% Commercial Property Retail Trade 2.0% Construction 1.0% Tourism, Hospitality and Entertainment Total non retail lending 0.0% Mar 23 Sep 23 Mar 24 Sep 24 Mar 25 Col
Slide 61: Agriculture, forestry & fishing exposures
Agriculture, forestry & fishing exposures1 Group EAD $61.8bn March 2025 Key Australian considerations • Weather conditions have been mixed, with favourable conditions on most of the East Coast and rains in Western Australia, but dry conditions in Western Victoria and South Australia • Sentiment gene
Slide 62: Commercial real estate (CRE)
Commercial real estate (CRE)1 Gross loans & acceptances (GLAs) Breakdown by total GLAs By sector By geography New Australia Total2 Zealand Residential QLD Retail 17% WA Total CRE (A$bn) 69.9 7.2 77.1 10% VIC 27% 6% SA Industrial 25% 6% Increase/(decrease) from 21% 2.8 0.2 3.0 Sep 24 (A$bn) Tourism O
Slide 63: Commercial real estate
Commercial real estate1 Key asset quality considerations Sector considerations • Non-performing exposures above low levels of recent years but • Increased activity in the Development sector (particularly remain below longer term historical levels; current experience Residential) is supporting lendin
Slide 64: Construction
Construction1 Exposure at default Key considerations • While NPL trends have stabilised, challenges persist around labour availability and subcontractor issues (availability and completion risk); EAD $13.9bn EAD $14.8bn ~4% non retail lending EAD including subcontractors and construction 1.9 service
Slide 65: Retail Trade
Retail Trade1 Exposure at default Key considerations • NPL trends have stabilised EAD $16.4bn EAD $15.8bn • Total consumer spending is improving, benefitting from tax 2.1 cuts and easing of ‘cost of living’ pressures, with further 2.2 3.5 support expected from interest rate reductions 3.1 • However
Slide 66: Tourism, hospitality and entertainment
Tourism, hospitality and entertainment1 Exposure at default Key considerations • Consumer spending is improving, benefitting from tax cuts, EAD $15.3bn EAD $16.2bn easing of ‘cost of living’ pressures, and continued recovery in inbound tourism, with further support expected from interest 1.8 1.9 rat
Slide 67: Manufacturing
Manufacturing1 Exposure at default Key considerations • Manufacturing sector remains challenged by the impacts of interest rate and input cost increases over recent years and the EAD $20.3bn EAD $21.5bn limited ability to pass these on to customers, particularly for those manufacturers within the fo
Slide 68: Additional information: Australian Housing Lending
Additional information Australian Housing Lending
Slide 69: Housing lending key metrics
Housing lending key metrics1 Australian housing lending Sep 23 Mar 24 Sep 24 Mar 25 Mar 24 Sep 24 Mar 25 Portfolio Drawdowns3 Total Balances (spot) $bn 338 344 3532 359 38 37 41 Average loan size $’000 per account 358 371 381 394 564 564 599 By product type - Variable rate 76.8% 84.7% 89.6% 93.2% 97
Slide 70: Housing lending practices & policies
Housing lending practices & policies Key origination requirements Loan-to-value (LVR) limits • Income verified using a variety of documents including Principal & Interest – Owner Occupier 95% payslips and/or checks on salary credits into customers’ accounts Principal & Interest – Investor 90% • 10%
Slide 71: Housing lending arrears profile
Housing lending arrears profile1 90+ DPD2 & Impaired assets as a % of GLAs by purpose 2.5% 2.0% 1.26% 1.5% 1.12% 1.0% 1.11% 0.5% 0.0% Sep 17 Sep 18 Sep 19 Sep 20 Sep 21 Sep 22 Mar 23 Sep 23 Mar 24 Sep 24 Mar 25 Investor First Home Buyer Owner Occupier 30+ DPD as a % of GLAs by purpose 2.5% 1.98% 2.0
Slide 72: Housing lending fixed rate portfolio profile
Housing lending fixed rate portfolio profile1 Fixed rate (FR) lending book FR home loan contractual expiry profile ($bn) • $16bn FR book at Mar 25, rolls to variable rate (VR) loan at expiry • ~$7bn (~42%) has customer rates below 3%, and only $8.4bn still to expire after Sep 25 • ~85% retention for
Slide 73: Housing lending portfolio profile
Housing lending portfolio profile Housing lending volume by borrower and repayment Australian mortgages profile1 type1 VIC/TAS 33% Owner Occupier Owner Interest Only, 3.1% Occupier Line of Credit, 2.3% Principal & QLD 14% Interest, Investor 61.1% Interest Only, 12.3% WA 7% NSW/ACT 42% SA/NT 4% Inves
Slide 74: Additional information: Other
Additional information Other
Slide 75: New Zealand housing lending key metrics
New Zealand housing lending key metrics New Zealand housing lending Sep 23 Mar 24 Sep 24 Mar 25 Mar 24 Sep 24 Mar 25 Drawdowns1 Total Balances (spot) NZ$bn 57.7 58.8 60.1 62.1 5.4 6.7 7.7 By product - Variable rate 8.4% 8.9% 9.6% 12.1% 11.1% 11.4% 15.5% - Fixed rate 90.1% 89.5% 88.7% 86.2% 86.9% 86.
Slide 76: New Zealand economy
New Zealand economy Economy started growing again from the end of Commodity prices up strongly over last 12 months, reaching calendar 2024 but unemployment rate was still rising1 new highs in $NZ terms2 (GDP, $NZ bn, chain prices) (Unemployment rate, %) (Index, January 2019 = 100) 6 200 75 180 70 16
Slide 77: Customer-related remediation
Customer-related remediation Customer-related remediation provision charges1 ($m) Continuing operations Discontinued operations 380 240 268 109 87 101 245 137 143 45 138 58 21 43 45 14 130 135 117 40 31 20 97 45 35 8 47 27 21 56 95 1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24 1H25 Customer-rela
Slide 78: Sustainability is embedded in our Group Strategy
Sustainability is embedded in our Group Strategy Prioritising support for customers in three areas: Climate action Access to affordable housing First Nations economic advancement First Nations business and Environmental Affordable and specialist community organisation $80bn finance ambition by 2030
Slide 79: Energy generation exposures
Energy generation exposures Energy generation EAD by fuel source1,2 (AUD$bn) 8.87 8.58 0.21 8.09 0.49 0.00 0.00 0.24 7.35 7.39 0.00 1.44 • 81.4% of total energy generation financing to 1.47 0.54 0.48 1.38 renewables (increase from 77% at 1H24) 0.00 0.00 • Renewable portfolio represents a mix of wind
Slide 80: Resources exposures
Resources exposures Resources EAD by type1,2,3 (AUD$bn) 7.51 7.49 7.54 0.50 0.46 0.48 6.87 0.21 0.18 6.69 0.22 0.20 0.30 0.24 0.53 0.51 1.17 0.25 0.27 0.14 1.13 1.20 0.16 Gold Ore Mining • Exposure to thermal coal on track to be 0.91 effectively zero4 by 2030 excluding 0.83 Metallurgical Coal Mining
Slide 81: Thermal coal mining and oil and gas limits
Thermal coal mining and oil and gas limits Thermal coal mining (AUD$bn) exposure1 Oil and gas extraction - (USD$bn) exposure2 0.30 0.24 0.20 0.16 0.14 35% 42% 59% 1.70 1.66 1.68 43% 51% 1.38 1.20 Mar 23 Sep 23 Mar 24 Sep 24 Mar 25 Mar 23 Sep 23 Mar 24 Sep 24 Mar 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 a number of other important 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 re
Slide 84: Disclaimer
Disclaimer The presentation is not being distributed to and must not be passed on to persons in the United Kingdom, except for persons (1) who are not UK retail investors* and (2) who: (i) are investment professionals in accordance with Article 19(5) of the Financial Services and Markets Act 2000 (F
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