Anz Group Holdings Limited · ASX:ANZ
Anz — Investor Presentation (November 2005)
75 slides from Anz's investor presentation, Nov 7, 2005
Slide 1: ae ih Mh oo ih — = = — = = — = =
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Slide 2: Strategic Overview
Strategic Overview Se ay ose OED itl
Slide 3: Record profit, ahead of target
Record profit, ahead of target Strong revenue momentum in second half 2005 v 2004 NPAT* $3,056m “> 11.9% & Cash EPS* 175.2c 8.8% aes Dividend 110c 8.9% 2hO5 v 1h05 NPAT* 4 4.8% Total Income* 4.9% Other Operating Income* 7.6% *exciuding NZ incremental integration costs and significant items apo ile
Slide 4: Real progress on strategic agenda in 2005
Real progress on strategic agenda in 2005 pee Where our growth will come from Long Term 5+ years and Medium Term wen 2-5 years as A Short Term Pa ; 4-2 ee oo on oo / Substantial momentum in Post-integration, improved Longer term, Asia Australian bi dd fi N. i it ANZ Strategy Day - 7 September 2005 S
Slide 5: ANZ's strategic priorities
ANZ’s strategic priorities Maintain narrow geographic focus e Build a stronger strategic presence in Australia e Defend leadership in NZ, invest in underweight segments, and secure the benefits from integration e Expand selectively in emerging Asia — Pacific markets Actively manage portfolio of spec
Slide 6: Growth - Increase revenue growth to 7-9% per annum
Growth - Increase revenue growth to 7-9% per annum Continue to invest in faster growth segments e Leverage high natural growth in Personal Banking ¢ Consolidate strong position in Institutional and invest in faster growth Investment Banking segments e Build on strong Corporate position and leverage
Slide 7: Transformation — Lean, agile, sharp, externally-focused
Transformation — Lean, agile, sharp, externally- focused e« Target 40% cost-income ratio e Realise benefits from New Zealand integration e Reallocate resources to customers and markets e Non-customer overhead reduction program e Create new integrated global operations specialisation ¢ New simplified
Slide 8: Invest in high growth priority areas, improve return from low growth areas
Invest in high growth priority areas, improve return from low growth areas or de-emphasise Australia & New Zealand High Growth Small Cath a < Trade 2» Business Retail 3 Ba n ki n sg” Pan DnD ODD DODD DMD DP DDDDIY ie Cards mie. BUSINESS.) oosisay Banking Institutional... Medium Growth Non-Lending Co
Slide 9: Creating Australasia's leading bank
Creating Australasia’s leading bank e Mission — to become Australasia’s leading bank e Favourable 2006 outlook: “Environment should be broadly similar to 2005, enabling us to produce continued good results in the year ahead” e New Growth and Transformation agenda: Growth 7% - 9% annual revenue growt
Slide 10: Financial Performance
Financial Performance 10 es De gat OED itl
Slide 11: Good full year result: strong revenue momentum in the second half
Good full year result: strong revenue momentum in the second half 220 (322) 6.6% 7.8% (86) Aa 7.3% ® Poo mg 0222) € 3,018 $m S 3 2 * 38 & 2 < Fog 2,815 4 v 2 < Ree ray w 2 ry Ss & 6 E 2 2 aN s 8 = o Ea a Ss c 2 3 7 o & % 2 € 5 = v Oo Zz 2 bas c co 5 oS Ze HE © z Sep-04 Sep-05 “¥~ Favourable to expec
Slide 12: Strong lending growth offset by margin pressure
Strong lending growth offset by margin pressure Personal Institutional®** Corporate NZ Businesses* (NZD, normalised**) Esanda & UDC Group (normalised**) ®excludes markets, "NII includes tax equivalent gross-up and margin decline includes joint variance **FY04 normalised for two extra month of NBNZ N
Slide 13: Excluding FX hedge impact, margin decline close to longer term trend
Excluding FX hedge impact, margin decline close to longer term trend Margin decline a mix of Structural Competition most intense in NZ impacts and Competition ompetition most intense | mortgage market (competition impact on Group Margin bps Sep 04 - Sep 05) 249.0 (2.8) HM 2.) J mm > 2 = x be a > = 2
Slide 14: "Underlying" margin contraction in line with peers
“Underlying” margin contraction in line with peers (3bps) Headline NIM contraction (14.0bps) Bank Specific Items ¢ NBNZ acquisition full year impact 0.6bps e FX revenue hedging 2.6bps e Treasury mismatch income 3.5bps e Accounting & other changes (4bps) Underlying NIM contraction (7.3bps) (7bps) 44
Slide 15: Strong 2nd half non-interest income performance
Strong 2" half non-interest income performance Key Drivers (2HO5 v 1H05) Improved performance across all major Divisions Personal ¢ Volume related fee income increases « Increase fee income from Wealth Management business Institutional « Strong client flow in markets business * Good fee growth in C&
Slide 16: Improved revenue growth & lower credit costs
Improved revenue growth & lower credit costs has permitted higher growth investment Growth Investment* 113 4,437 Underlying i NBNZ FX Normalised* il 31 111 4,116 —_ <== Compliance 28 Sep-04 Sep-04 Sep-05 Normalised ; . . 28 pw on “includes investment in branch Satie *extra 2 months of NBNZ in FYO5 1
Slide 17: Growth investment has been weighted towards increasing frontline FTE
Growth investment has been weighted towards increasing frontline FTE Approx. 2,200 new FTE's in FY05 800) 697 600 7 514 393 400 4 wo 216 1 200 4 180 167 54 Personal NZ Asia Pacific Corporate Inst. Esanda & Group & UDC Integration « Approx. 70% of new business* FTE in frontline roles ¢ Full run rate
Slide 18: Solid momentum in Australia
Solid momentum in Australia Personal Banking Institutional New Zealand* (NZ$) Corporate Esanda & UDC Asia Pacific Australia* New Zealand* (NZ$) Asia Pacific *exciudes significant items & incremental ini 7 18 . numbers normalised for 2 extra months of NBNZ in 2004
Slide 19: Credit quality remains favourable, delinquencies down
Credit quality remains favourable, delinquencies down on 1H0O5 Non Accrual Loans eon continue to reduce - 0.6% 700 + 600 + r 0.4% 500 + soo r 0.2% 300 + 200 0.0% FY02 wia% Net Non Accrual Loans (LHS) FY03 FY04 FYO05 —@ Net Non Accrual Loans / Net Lending Assets (RHS) 2.4% 7 2.0% 7 1.6% 4 1.2% 7 0.8%
Slide 20: A-IFRS indicative impact on key measures
A-IFRS indicative impact on key measures» wd | © Impact of share based payments “ig, Hedge derivative revaluations treated as non-cash Cash EPS 175.2 cents NPAT increased by ~ ,§133m_ Equity reduced by IFRS adjustments to Retained Earnings NPAT increased by ~ $133m_ Slight increase in assets - secur
Slide 21: Increased earnings volatility anticipated under IFRS
Increased earnings volatility anticipated under IFRS driven by provisioning charge IFRS Provision charge exhibits greater volatility than ELP charge e ELP charge relatively $m ee —— stable compared to 1,000 Cee. ee ae Total 2002 ELP total IFRS provision ae: charge including special charge charge 800
Slide 22: Capital - regulatory position still under review
Capital -— regulatory position still under review 1. IFRS considerations Initial capital impacts of IFRS expected to be modest * approx. $1.1b decrease in book equity, ACE and Tier 1 impact immaterial APRA treatment of IFRS adjustments (eg collective provision) Future dividend policy will generally
Slide 23: 2006 headwinds represent ~2% drag on cash EPS
2006 headwinds represent ~2% drag on cash EPS Structured Deal Run Off ING Transitional tax run-off NZ Synergy Benefits ING Capital Investment Other Discontinued Inst. Business Aust Deals Summary of 2006 Headwinds NZ Deals NPAT ($m) -50 23 Se ay ose BEE ill
Slide 24: Group Outlook for 2006
Group Outlook for 2006 Revenue ¢ 7% - 9% growth: « Lending & deposit growth to remain strong *« Continued momentum in Australian businesses supported by specific growth initiatives « Structured deal run-off & reduced INGA contribution due to end of transitional tax relief are key headwinds Expenses
Slide 25: Summary - Good result, good momentum
Summary - Good result, good momentum 2005 e A quality result, ahead of original target e Strong revenue momentum in second half e Stronger revenue growth permitted increased investment e Low risk, strong credit quality 25 2006 Environment broadly similar to 2005 Earnings growth again weighted to 2”4
Slide 26: Additional Financial Information
Additional Financial Information 26 Se ay ose OED itl
Slide 27: Profit & Cash EPS reconciliation
Profit & Cash EPS reconciliation 8, 645 9%, 350 8. 2% Income 4, 026) 4, 515) 12. 1% Expenses Operating Profit 4,619 4,835 4 7% Provision for Doubtful Debts (632) (580) 8.2% samensvesnramenmenmersd Tax & Oct 4, 172) a, 237) (5.5%), 3,018 7.2% 2,815 NPA T Goodwill 189 224 18, 5% (48) “large Significan
Slide 28: Cash EPS comparison — AGAAP v A-IFRS
Cash EPS comparison — AGAAP v A-IFRS Netinterestincome 5,798 636. 19 . (66) 4 6,391 Non-interest income | 3,552 doy _ i | AS | 2,991 Operating expenses (4.336), 0) a. | 421) Goodwill amortisation | 179) | 479 0 Bad & doubtful debts (580), ot (873). Tax & OE! (1,237) 16 6 (10) 2) (1,237) NPAT 3,018 2
Slide 29: Initial IFRS impact on capital likely to be modest, earnings volatility may impact dividends
Initial IFRS impact on capital likely to be modest, earnings volatility may impact dividends Initial IFRS impacts on capital are forecast to be modest* Defined Benefit Scheme Credit Provisioning StEPS Reclassification Fee Revenue _ | INGA | Other including goodwill | Total Adjustment « Under IFRS, r
Slide 30: Illustrative A-IFRS Balance Sheet adjustments
Illustrative A-IFRS Balance Sheet adjustments as at 30/9/05 ($m) SIEPS Oth Full Liquid Assets & due for other fin'al inst. 17,948 Trading & invst sec's & fair value assets 43,226 3,000 8 4 16,235 INet loans & advances 230,952 (390) 1,542 307 232,411 Customers liability for acceptances 13,449 13,499
Slide 31: Continued strong balance sheet growth
Continued strong balance sheet growth Personal « Solid mortgages and credit card FUM growth driving lending « Good growth in transaction & savings balances delivering above system deposit growth Institutional « Increased domestic lending following de- risking « Strong deposit growth New Zealand « Go
Slide 32: Growth in Mortgages and Long Term Wholesale funding driving margin impacts
Growth in Mortgages and Long Term Wholesale funding driving asset & funding mix margin impacts Mortgages continue to / Growth in long term funding key grow strongly driver of funding mix Approx Asset Mix NIM Impact Approx Funding Mix NIM Impact Margin (FY04 v FY05) (bps) Margin (FY04 v FYO5) (bps) O
Slide 33: Australian Geographic margin contraction
Australian Geographic margin contraction driven by funding mix, competition & revenue hedging impacts Funding mix & competition driving Institutional most Australian interest margin contraction competitive segment (competition impact on Australian margin bps Sep 04 - Sep 05) 248.2 (6.3) a... i | (5.
Slide 34: Fixed rate mortgage competition driving NZ margin contraction
Fixed rate mortgage competition driving NZ Geographic margin contraction Strong Fixed Rate Mortgage competition NZ mortgages driving adversely impacting NZ margins i margins down i {competition impact on NZ margin bps Sep 04 - Sep 05) 250.4 (8.9) L ’ Price a _ War © _ impact ! | 24 0.9 (10.3) | Albp
Slide 35: Capital position remains above target range
Capital position remains above target range Drivers of the ACE ratio « Adopted a prudent 9 approach given % uncertainties 7.00 5 Earnings* i regarding IFRS and 1.61 | APRA impact on capital « $350m buy-back ongoing, $203.6 million completed to- date 6.50 + 6.00 5 « “Other” impact largely reflects di
Slide 36: Capital efficiency will be driven by access to non-innovative hybrids
Capital efficiency will be driven by access to non- innovative hybrids Core Capital Generation & Usage % of RWA Cash Dividend « Current hybrid’s are expected to Earnings @63% qualify as innovative Tier-1 capital 1.62 (1.02) * Innovative hybrid is currently ~$1bn in excess of APRA’s Core proposed 15%
Slide 37: Cost of Capital dependant on access to Non-Innovative or Preference Share capital
Cost of Capital dependant on access to Non- Innovative or Preference Share capital e As we are capped out on Capital mix for marginal RWA Innovative capital until growth next 5 years 2010 marginal RWA growth A. will be funded by either c ~ Core or Non-Innovative CoC 7.5%* CoC 8.2%* CoC 8.9%* CoC 8.0
Slide 38: Current hybrids
Current hybrids Currency & Amount A$1 billion US$1.1 billion * US$350m - Jan 2010 * US$750m - Dec 2013 EUR500 million Issue Date 24 September 2003 26 November 2003 13 December 2004 Final Maturity Date 14 September 2053 15 December 2053 12 December 2053 Interest Rate Floating - BBSW + 100bpts Fixed *
Slide 39: New Zealand currency risk substantially hedged
New Zealand currency risk substantially hedged ¢ Revenue hedging continues to be undertaken when currency is assessed to be outside its normal trading range and fair value estimates. « Under IFRS, hedge accounting remains until 1 Oct 2006. Subsequently, the full MTM of the FX derivatives will impact
Slide 40: Credit Quality
Credit Quality 40 Se ay ose OED itl
Slide 41: ELP reduction reflects improved credit quality
ELP reduction reflects improved credit quality Improved risk profile drives ELP charge exceeded SP’s reduction in ELP rate by 63% in FYO5 bps $m 200 7 ey | 160 5 ) 120 4 “ae prowiet | 1) tem Specific Provisions { | ELP 80 4 bl ELP Top-Up la Normalised ELP 40 4 7 T ~~ we T T 7 T 7 0 a ; fae Sf ,2 52
Slide 42: Net Specific Provisions down 19%
Net Specific Provisions down 19% * Credit quality in Australia continues to improve, with lower Specific Provisions * Specific Provisions up in New Zealand due to two medium sized Corporate accounts plus a handful of smaller exposures impacted by a significant downturn in the exported apples industr
Slide 43: Non Accrual loans remain at historically low levels
Non Accrual loans remain at historically low levels Gross Non-Accrual Loans at New Non Accruals impacted by a historical lows* small number of accounts 2002 2003 2004 2005 wo@ Australia wea New Zealand i at UK/USA mag Asia wa Other Inter —© Default Rate (RHS) cui LOSS Rate (RHS) * Gross Non-Accruai
Slide 44: New Zealand portfolio remains sound, a small number of isolated defaults
New Zealand portfolio remains sound, a small number of isolated defaults Risk Grade Profiles Australia New Zealand $175bn $64bn AAA to BBB BB+ to BB >BB- 44 ¢ NZ overall portfolio remains high quality, in line with Australia e New Zealand new Non Accruals increased with the downgrade of two medium s
Slide 45: We are closely monitoring potential impacts of the high oil price
We are closely monitoring potential impacts of the high oil price Driver Impact of * The recent spike in oil prices is High Oil Prices likely to impact on credit quality Nominal and Real Oil Price 100) US$ per barret 90 Oil price in 80 2005 dollars 70 a 50 40 30 20 10 ° : 70 75 380 a 90 95 oo OS Not
Slide 46: Credit quality robust in Mortgages Australia
Credit quality robust in Mortgages Australia ¢ Dynamic LVR profile reflects strong migration into lower LVR buckets compared to time of origination ¢ Owner Occupied dominates the portfolio, although increased uptake of Equity products continues. ¢ 60+ day arrears have improved in the Sep-05 quarter.
Slide 47: Inner City arrears immaterial
Inner City arrears immaterial Inner City Accounts & Exposure ia # Accounts Purpose of inner city lending shifting towards Owner Occupied ws Exposure Docklands Southbank Zetland / Waterloo (NSW) Inner city delinquencies negligible ' Mar-04 bt Sep-04 @ Mar-05 ft Sep-05 Sep-02 Sep-03 Sep-04 Sep-05 lt O
Slide 48: Industry exposures - Australia & New Zealand
Industry exposures —- Australia & New Zealand Health & Community Lending Assets (AUD) % of Portfolio (RHS scale) % in High Risk (RHS scale) % in Non Accrual (RHS scale) Cultural & Recreational Forestry & Fishing Services Services 20bn 10.0% 20bn 10.0% 20bn 10.0% 15bn 4 7.0% 15bn 7.0% 15bn 7.0% 10bn
Slide 49: Industry exposures - Australia & New Zealand
Industry exposures —- Australia &® New Zealand 20bn 15bn 10bn 5bn Obn 20bn i5bn 10bn 5bn Obn Finance - Other Transport & Storage 10.0% 20bn 7.0% 15bn 4.0% 10bn 1.0% 5bn + + -2.0% Obn + + Sep-02 Sep-03 Sep-04 Sep-05 Sep-02 Sep-03 Sep-04 Sep-05 Finance ~ Banks, Accommodation, Building Soc etc. Clubs,
Slide 50: Industry exposures - Australia & New Zealand
Industry exposures - Australia & New Zealand 20bn 15bn 10bn Sbn Obn + Real Estate Operators & Dev. & 20bn i5bn 10bn 5bn Sep-02 Sep-03 Sep-04 Sep-05 Manufacturing Sep-03 Sep-04 10.0% 7.0% 4.0% 1.0% -2.0% 10.0% 7.0% 4.0% 1.0% -2.0% Lending Assets (AUD) % of Portfolio (RHS scale) % in High Risk (RHS sc
Slide 51: Divisional Performance
Divisional Performance 51 es De gat OED itl
Slide 52: Customer satisfaction and market share has grown
Customer satisfaction and market share has grown Leading major bank Overtaken NAB and closing customer satisfaction the market share gap to WBC % (Main Financial Institution*) (share of traditional banking products) Market Share Gap 4.0% 2.9% 2.0% 1.5% fo fon) fo} amd N al t ww > > z 2 ? ? 2 °° < i“
Slide 53: Mortgages: solid FUM growth with strong performance by ANZ proprietary channels
Mortgages: solid FUM growth with strong performance by ANZ proprietary channels Housing market continues to ANZ channels increasing their deliver attractive FUM growth” ($b) share of new sales flows 80% %o ead 89.9 73% 73% 7m 71% 18.0% y 79.0 70% | 66.9 63% 59% 60% | 58% 56% 50% T T 1 c T T 1 1H04 2
Slide 54: Banking Products: good FUM growth in Savings & Transaction accounts
Banking Products: good FUM growth in Savings & Transaction accounts Transaction FUM: Access accounts driving growth (A$b) 8.5 Savings FUM: good growth across all products (A$b) 24.4 25.7 21.8 23.2 1HO4 2HO4 1HOS i Access mi Other Good growth in Transaction accounts 11% increase in accounts 2,300 220
Slide 55: Consumer Finance: strong growth in all products driving market share gains
Consumer Finance: strong growth in all products driving market share gains Delinquencies trending down Continued strong FUM growth across the portfolio (90+ day arrears) 13% growth v 1.4% 1.2% a 1.0% 0.8% 0.6% 0.4% — 0.2% r T 7 0.0% + T T T T 1HO4 2HO04 1HO5 2HOS Sep-03 Mar-04 Sep-04 Mar-05 Sep-05 “
Slide 56: INGA: underlying business performing well
INGA: underlying business performing well Note - all data based on INGA December Year End, 1HO5 at Jun-05 Solid underlying profit growth Significant efficiency gains ¢m achieved during integration realised since JV formed 350 80% 4 (cost to income ratio’) 300 70% 4 250 73% 200 60% 4 150 100 57% 50 a
Slide 57: INGA JV: strong underlying contribution partially offset by capital investment hedge losses
INGA JV: strong underlying contribution partially offset by capital investment hedge losses Full year NPAT to Sept-05 increased 9% driven by: e Investment Earnings partially offset by ANZ Hedge losses Funds management income increased by 5% based on $m higher average funds under management underpinn
Slide 58: Institutional: strong second half momentum
Institutional: strong second half momentum Business performance in line with expectations (NPAT growth) 32% 15% Lending Asset growth moderating in 2HO5 10% / Trs Markets CS&F* Strong non interest income growth delivered in 2HO5 lf Unrealised gain on trading instruments lA Underlying Growth 2HO3 *con
Slide 59: Institutional: increased cross sell, partly offset by offshore margin pressure
Institutional: increased cross sell, partly offset by offshore margin pressure Increased client NIACC* evidence of improved cross sell (index: 1HO4 = 100) $m index 400 7 7 120 350 7 7 110 300 + 7 100 250 90 1HO4 2HO4 1HOS 2HO5 sem Client NIACC == % NIACC to Debt Product Lending (LHS) Australian Bank
Slide 60: New Zealand: financial performance softer than expected, but good operational momentum
New Zealand: financial performance softer than expected, but good operational momentum Strong performance in NBNZ Retail, Corporate and Rural, whilst ANZ Retail, Institutional and UDC reposition* 262m NPAT (NZ$) 203m 17-6% 216m % Growth (3.2%) (4.0%) 4im | (2.4%) i T Ea ANZ Retail NBNZ Retail Corpor
Slide 61: Both NZ retail brands continue to hold market share & improve customer satisfaction
Both NZ retail brands continue to hold market share & improve customer satisfaction Stabilising mortgages position* Household deposits share (share of new mortgage registration by number) stable at ~37%** 45% 30% 4 25% 4 40% 4 20% 4 35% 4 15% oem a 30% + 10% 4 5% 4 mmmrANZN ASB! 25% 4 — — ! 0% + esi
Slide 62: NBNZ integration on track
NBNZ integration on track NZ$m 2004 2005 2006 2007 Total Integration costs 49 139 52 0 Incremental Integration Opex 29 85 seinen ad Cost synergies 6 33 39 58 Revenue synergies 1 26 47 53 Attrition 20 33 34 34 ¢ No material change to forecast integration costs and benefits ¢ Full impact to satisfy re
Slide 63: New Zealand structured finance transactions
New Zealand structured finance transactions NPAT from NZ Structured e IRD audit focused on so called Finance Transactions — “conduit” transactions $NZm significant runoff in FYO6 « Notices of Proposed Adjustment and 905 assessments received as expected oe wi Other Deals ¢ Net potential liability on
Slide 64: Corporate: Strong performance for Corporate Banking, significant investment in Small Business
Corporate: Strong performance for Corporate Banking, significant investment in Small Business Corporate Banking - good revenue and cost momentum 400 40% 350 35% 300 30% 250 25% 200 + t 20% 2003 2004 2005 tema Revenue —=O=—CTI % (RHS) Significant increase in WSTMS* deal flow in 2005 # trans‘n Asset (
Slide 65: Business Banking: growth has moderated, fundamentals remain sound
Business Banking: growth has moderated, fundamentals remain sound « Business Banking balance sheet growth has moderated, reflecting: Balance Sheet growth has moderated « slowdown in property related lending xx% - Average growth . tas . . (xx%) - EOP growth * increased competition in the market; marg
Slide 66: Esanda & UDC: good growth in Australia, NZ impacted by restructure
Esanda & UDC: good growth in Australia, NZ impacted by restructure Strong NPAT growth in Australia, flat in NZ 2002 2003 4 Australia 2004 @NZ 2005 New Business Writings growth driven by Australia, NZ impacted by restructure $M cepeerongsnenveoan 2002 2003 4 Australia 2004 @ NZ 2005 66 Solid Revenue
Slide 67: Asia: good underlying performance
Asia: good underlying performance ANZ Asian Network Retail Partnerships Panin Partnership * Excluding Treasury NPAT grew « NPAT down 22% yoy driven by FY04 « Strong underlying growth in 23% Panin one-offs not repeated in FYO5, — Consumer and SME; outlook still * Return to balance sheet growth and co
Slide 68: Pacific: strong performance across the region
Pacific: strong performance across the region * NPAT up 17% on FY04, driven by: « Lending growth of 23% pcp (12% hoh) « Deposits growth of 20% pcp (14% hoh) * Good momentum across the Pacific underlined by: Strong NPAT growth (A$m) « Strong staff engagement of 68%, well above 100 Group « Increased s
Slide 69: Good progress on corporate responsibility agenda
Good progress on corporate responsibility agenda | Overall Image* ¢ “Community Involvement” No.2 value evident in ANZ’s 7.0 4 culture according to our staff (Customer Focus was number 1) 6.5 7 ¢ Ranked in the top 10 of top 10% of banks globally on the Dow Jones Sustainability Index Starting to break
Slide 70: Community investment strategy is leading practice
Community investment strategy is leading practice Saver Plus Financial Inclusion — MoneyMinded Increasing the financial literacy and inclusion of — adult Australians, particularly | the most + Assisting low-income families to develop a long-term savings habit, improve their financial knowledge and s
Slide 71: People strategy has created the most engaged workforce of major bank
People strategy has created the most engaged workforce of major bank Y « 5-year focus on cultural transformation and values-based * Attractive benefits including flexible pay options for all staff, decision making. 20,000+ staff have participated in share ownership, salary sacrifice for laptops, PCs
Slide 72: Integrating environmental and social considerations into our business practices
Integrating environmental and social considerations into our business practices leadership by j integrat! no and gocial considerations: business / practices, Institutional & _ Corporate | Sustainability * An environmental and social issues screen of clients and transactions is being roiled out acros
Slide 73: Summary of forecasts - Australia (bank year)
Summary of forecasts —- Australia (bank year) 2005 2006 2007 GDP 2.3 3.4 3.7 Inflation 3.2 2.1 2.1 Unemployment 5.1 5.1 5.0 Cash rate 5.50 5.50 5.75 10 year bonds 5.4 5.3 5.5 $A/$US 0.76 0.68 0.76 $A/$NZ 1.09 1.15 1.27 Credit 13.3 10.9 10.5 - Housing 13.4 13.3 12.2 - Business 13.1 8.5 8.7 - Other 13
Slide 74: Summary of forecasts - New Zealand (bank year)
Summary of forecasts — New Zealand (bank year) GDP Inflation Unemployment Cash rate 10 year bonds $NZ/$US Credit - Housing - Business - Other All Forecasts for Sept bank year 2005 2.7 3.4 3.6 6.75 5.7 0.70 16.1 15.8 20.0 7.5 74 2006 1.9 3.2 4.4 6.75 6.0 0.59 9.9 10.0 9.9 7.4 2007 2.6 1.7 4.7 6.00 6.
Slide 75: 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
ANZ Group Holdings — Investor Presentation (November 2005) on 6ix