Anz Group Holdings Limited · ASX:ANZ
Anz — Australia and New Zealand Banking Group — Debt Investor Presentation (2018)
58 slides from Anz's debt investor presentation, 2018
Slide 1: European Covered Bond Conference 2018
EUROPEAN COVERED BOND CONFERENCE 2018 AUSTRALIA AND NEW Z EAL AND BANKING GROUP LIMITED ABN 11 005 357 522 Financial information within this Results Presentation & Investor Discussion Pack is on a Cash Profit (Continuing Operations) basis (as defined in the Half Year 31 March 2018 Consolidated Finan
Slide 2: Important Information & Disclaimer
I M P O R TA N T I N F O R M AT I O N & D I S C L A I M E R This document has been prepared by Australia and New Zealand Banking Group Limited (ABN 11 005 357 522) (the "Bank") for the information of intended recipients only (being persons who meet the requirements described in the following paragra
Slide 3: Contents
CONTENTS 2018 FIRST HALF RESULTS Corporate Profile and Strategy 4 Group Treasury 12 Risk Management 20 Housing Portfolio 26 ANZ Covered Bond Trust Update 37 Economics 41 Contacts 58 All figures within this investor discussion pack are presented on Cash Profit (Continuing operations) basis in Austral
Slide 4: Financial Snapshot
FINANCIAL SNAPSHOT STRENGTHENED THE BUSINESS, MANAGED COSTS, IMPROVED RETURNS 1H18 Change $m vs 1H17 Statutory Profit 3,323 +14% Cash Profit (continuing operations) Cash Profit After Tax 3,493 +4% Earnings Per Share (cents) 119.4 +4% Return on Equity 11.9% +32bp Dividend Per Share (cents) 80 Stable
Slide 5: Four Priorities
FOUR PRIORITIES 1. Creating a simpler, better balanced 2. Focusing on areas where we can win bank 3. Building a superior everyday 4. Driving a purpose and experience to compete in the digital age values led transformation ASSUMPTIONS UNDERLYING THE STRATEGY 1. Constrained sector growth (High househo
Slide 6: A Better Balanced Bank
A BETTER BALANCED BANK CAPITAL ALLOCATION SEPTEMBER 2015 Pro forma MARCH 20181 (%) Institutional Retail & Commercial Wealth Above allocation based on Regulatory Capital. Institutional shown under 2015 IIB Structure, including Global Institutional and Asia Retail & Pacific. 1. Pro forma incorporates
Slide 7: Strategic Progress
S T R AT E G I C P R O G R E S S 1H18 • Finalised sale of retail and wealth business in Asia along with ANZ’s stake in Shanghai Rural Commercial Bank (SRCB) and half our stake in Metrobank Card 1. Creating a simpler, better Corporation (MCC). balanced bank • Announced sale of the Australian Pensions
Slide 8: Financial Performance
FINANCIAL PERFORMANCE CASH PROFIT (CONTINUING OPERATIONS) • $m 1H18 Change Change (ex divested assets)1 $m vs 1H17 vs 2H17 vs 1H17 vs 2H17 Cash Profit (continuing) 3,493 4.1% 1.1% (2.6)% 1.0% Operating Income 9,808 (1.7)% (0.3)% (3.8)% (0.3)% Operating Expenses 4,411 (1.7)% (1.5)% 0.2% (0.2)% Profit
Slide 9: Expenses
EXPENSES EXPENSES BY CATEGORY EXPENSES BY DIVISION FTE BY DIVISION Continuing Operations Continuing Operations Full time equivalent staff # $m $m 4,487 4,480 4,411 4,487 4,480 4,411 50,152 Continuing operations basis1 48,896 126 136 123 2,821 2,622 46,554 701 334 280 146 816 721 2,562 44,015 371 5,5
Slide 10: Net Interest Margin
NET INTEREST MARGIN GROUP NET INTEREST MARGIN (NIM) bp NIM dilutive but ROE accretive 198 1 2 2 197 Divested NLAs $3.3b, -1 Deposits $3.6b 2H18 impact on NIM expected to be ~1bp -3 -2 -3 193 -1 -1bp 2H17 Funding & Funding costs Major Deposits Assets Treasury 1H18 ex Markets Asia Retail 1H18 Asset mi
Slide 11: Balance Sheet
BALANCE SHEET NET LOANS AND ADVANCES (BY DIVISION) $b $b 576 580 592 13 6 4 600 584 596 108 111 574 580 580 105 562 566 132 132 138 550 500 468 468 473 326 334 339 445 447 450 450 436 1H17 2H17 1H18 400 Australia Institutional NZ Other 350 300 CUSTOMER DEPOSITS (BY DIVISION) 250 $b 200 468 468 473 1
Slide 12: Group Treasury
EUROPEAN COVERED BOND CONFERENCE 2018 GROUP TREASURY AUSTRALIA AND NEW Z EAL AND BANKING GROUP LIMITED Not for distribution into the United States
Slide 13: Regulatory Capital
R E G U L AT O RY C A P I TA L CAPITAL UPDATE APRA COMMON EQUITY TIER 1 (CET1) Capital Position APRA CET1 ratio of 11.0% is in excess of APRA’s ‘unquestionably % strong’ benchmark1 and well ahead of 2020 implementation. Net Organic Capital Generation +72bps Internationally Comparable2 CET1 ratio
Slide 14: Regulatory Capital Generation
R E G U L AT O RY C A P I TA L G E N E R AT I O N First half Organic Capital Generation COMMON EQUITY TIER 1 average 1H18 GENERATION (bp) Net organic capital generation of +72bps is +15bps stronger 1H12 – 1H17 relative to the average of 1H12 to 1H15 (prior to Institutional Cash Profit1 97 86 portf
Slide 15: Internationally Comparable Regulatory Capital Position
I N T E R N AT I O N A L LY C O M PA R A B L E 1 R E G U L AT O RY C A P I TA L P O S I T I O N APRA Common Equity Tier 1 (CET1) – 31 March 2018 11.0% Corporate undrawn EAD and Australian ADI unsecured corporate lending LGDs and undrawn CCFs exceed those applied in many 1.5% unsecured LGD adjustment
Slide 16: CET1 and Leverage in a Global Context
CET1 AND LEVERAGE IN A GLOBAL CONTEXT CET1 RATIOS1 LEVERAGE RATIOS1,2 5% 10% 15% 20% 25% 30% 3% 4% 5% 6% 7% 8% Swedbank DBS Svenska Handelsbanken Intesa Sanpaolo Nordea UOB SEB Danske Bank OCBC ABN Amro BBVA Morgan Stanley RBS ANZ Standard Chartered RBS Erste Bank Rabobank APRA Top Groupe BPCE ANZ q
Slide 17: Balance Sheet Structure
BALANCE SHEET STRUCTURE FUNDED BALANCE SHEET SOURCES AND USES OF FUNDS Sep 17 to Mar 18 $814b $814b $b Term Funding<12mth, 2% Short Term Assets1 7% Short Term Program Debt SOURCES USES 8% 9.5 Short Term Funding Liquids 23% (inc. FI / Bank Deposits and Repo Funding), 19% 3.2 3.4 0.0 -11.4 Fixed Asset
Slide 18: Funding & Liquidity Metrics
FUNDING & LIQUIDITY METRICS NSFR COMPOSITION NSFR MOVEMENT Mar 2018 Sep 17 v Mar 18 $492b Wholesale $428b % Funding Liquids 0.8% 0.2% 114.9% & Other1 and 0.4% Non Financial Other Assets2 1.0% Corporates 113.9% Other Loans3 -0.2% Retail/SME -1.3% 0.0% Residential Mortgages4 <35% Capital Available Req
Slide 19: Term Wholesale Funding Portfolio
TERM WHOLESALE FUNDING PORTFOLIO1 ISSUANCE MATURITIES $b 32 24 24 23 22 22 22 19 17 13 13 8 8 FY13 FY14 FY15 FY16 FY17 1H18 2H18 FY19 FY20 FY21 FY22 FY23 FY24+ Senior Unsecured Covered Bonds Tier 2 RMBS PORTFOLIO BY TYPE PORTFOLIO BY CURRENCY 8% 6% 1% 15% 22% 32% Senior Unsecured Domestic (AUD, NZD)
Slide 20: Risk Management
EUROPEAN COVERED BOND CONFERENCE 2018 RISK MANAGEMENT AUSTRALIA AND NEW Z EAL AND BANKING GROUP LIMITED Not for distribution into the United States
Slide 21: Individual Provision (IP) Charge
RISK MANAGEMENT INDIVIDUAL PROVISION (IP) CHARGE ANZ HISTORICAL LOSS RATES EXPECTED LOSS bp Median IP Loss 300 % Mar 16 Sep 16 Mar 17 Sep 17 Mar 18 Rate = 32 bps 200 Australia Div. 0.35 0.33 0.33 0.33 0.31 New Zealand Div. 0.25 0.26 0.26 0.22 0.21 100 Institutional Div. 0.37 0.36 0.35 0.30 0.32 0 Ot
Slide 22: Impaired Assets
RISK MANAGEMENT IMPAIRED ASSETS CONTROL LIST GROSS IMPAIRED ASSETS BY DIVISION Index Sep 09 = 100 $m 150 4,000 3,173 2,940 2,708 2,719 2,883 3,000 100 2,384 2,034 2,000 50 1,000 0 0 Sep Sep Sep Sep Sep Sep Sep Sep Sep Mar- Mar 15 Sep 15 Mar 16 Sep 16 Mar 17 Sep 17 Mar 18 09 10 11 12 13 14 15 16 17 1
Slide 23: Risk Weighted Assets
RISK MANAGEMENT RISK WEIGHTED ASSETS TOTAL RISK WEIGHTED ASSETS TOTAL RWA MOVEMENT $b $b 409 6.0 0.1 402 1.2 395.8 397 391 396 388 39 391.1 -2.6 38 39 37 38 37 14 18 17 17 16 16 Sep 17 Credit RWA Op RWA IRRBB RWA Mkt. RWA Mar 18 CRWA MOVEMENT 350 352 342 337 343 334 $b 3.5 342.8 3.1 336.8 -0.1 -0.5
Slide 24: Portfolio Composition
RISK MANAGEMENT PORTFOLIO COMPOSITION Portfolio % of Portfolio in Category % of Group EAD Balance in Non Non Performing Performing EXPOSURE AT DEFAULT (EAD) AS A % Sep 17 Mar 18 Sep 17 Mar 18 Mar 18 OF GROUP TOTAL Consumer Lending 41.5% 40.5% 0.1% 0.1% $425m Finance, Investment & Insurance 17.2% 18.
Slide 25: Residential Development
RESIDENTIAL DEVELOPMENT COMMERCIAL PROPERTY EXPOSURE OVERVIEW PROFILE (Mar 18) Total Residential Limits: $9.7b • Overall Apartment Development limits have increased modestly by $0.06bn (2%) in the first half of 2018. 30% • Growth has been subdued as appetite tightening strategies have taken Apartmen
Slide 26: Housing Portfolio
EUROPEAN COVERED BOND CONFERENCE 2018 HOUSING PORTFOLIO AUSTRALIA AND NEW Z EAL AND BANKING GROUP LIMITED Not for distribution into the United States
Slide 27: Australia Home Loans: Portfolio Overview
AUSTRALIA HOME LOANS PORTFOLIO OVERVIEW Portfolio1 Flow2 Portfolio1 1H16 1H17 1H18 1H18 1H16 1H17 1H18 Number of Home Loan Average LVR at 976k 992k 1,017k 79k3 71% 70% 68% accounts Origination8,9,10 Total FUM1 $243b $256b $270b $31b Average Dynamic LVR9,10,11 51% 51% 51% Average Loan Size $249k $258
Slide 28: Australia Home Loans: Portfolio Growth
AUSTRALIA HOME LOANS PORTFOLIO GROWTH LOAN BALANCE & LENDING FLOWS1 HOME LOAN COMPOSITION $b $b Payment Owner Investor Equity Loan Total +6% Type Occupied 15 50 4 P&I Loan 146.2 44.0 - 190.2 270 255 -54 Interest Only 28.3 43.2 - 71.5 Equity Loan - - 8.7 8.7 Total 174.5 87.2 8.7 270.4 Mar 17 New Sale
Slide 29: Australia Division: Portfolio Dynamics
AUSTRALIA DIVISION PORTFOLIO DYNAMICS HOME LOANS REPAYMENT PROFILE1,2 HOME LOANS ON TIME & <1 MONTH AHEAD PROFILE1,2 71% of accounts ahead of repayments % composition of accounts (March 18) Investment:5 Interest payments may receive negative gearing/tax benefits New Accounts: Less than 1 year old 26
Slide 30: Australia Division: Portfolio Performance
AUSTRALIA DIVISION PORTFOLIO PERFORMANCE PRODUCT 90+ DAY DELINQUENCIES1 HOME LOAN DELINQUENCIES1,3 % % 2.0 2.0 1.5 1.5 1.0 1.0 0.5 0.5 0.0 0.0 Mar Sep Mar Sep Mar Sep Mar Sep Mar Sep Mar Sep Mar Sep Sep Sep Sep Sep Sep Mar 12 12 13 13 14 14 15 15 16 16 17 17 18 12 13 14 15 16 17 18 Home Loans Person
Slide 31: Australia Home Loans: Areas of Interest
AUSTRALIA HOME LOANS AREAS OF INTEREST • Greater focus on Acquisition & Collection management strategies WA OUTSTANDING BALANCE have been applied $b • Exposure to WA has decreased since Mar-16 driven by the 40 economic environment and credit policy tightening (mining town lending, etc) 35 • Currentl
Slide 32: Australia Home Loans: Interest Only
AUSTRALIA HOME LOANS INTEREST ONLY (IO) INTEREST ONLY FLOW COMPOSITION1 • Serviceability assessment is based on ability to repay principal & interest repayments calculated over the residual term of loan % • 81% of IO customers have net income >$100k pa. (portfolio APRA’s 30% limit introduced March 2
Slide 33: Underwriting Practices and Policy Changes
AUSTRALIA HOME LOANS UNDERWRITING PRACTICES AND POLICY CHANGES1 Multiple checks during origination process • End-to-end home lending responsibility managed within ANZ Pre – application2 Income & Expenses • Effective hardship & collections processes • Full recourse lending Application Know Your Custo
Slide 34: Underwriting Practices and Policy Changes
AUSTRALIA HOME LOANS UNDERWRITING PRACTICES AND POLICY CHANGES1 ANZ Policy changes Jun'15 LVR cap reduced to 70% in high risk mining towns Jul'15 LVR cap reduced to 90% for investment loans Aug’15 Interest rate floor applied to new and existing mortgage lending introduced at 7.25% Apr’16 Introductio
Slide 35: Stress Testing the Australian Mortgage Portfolio
AUSTRALIAN HOME LOANS STRESS TESTING THE AUSTRALIAN MORTGAGE PORTFOLIO ANZ conducts regular stress tests of its loan portfolios to Assumptions Current Year 1 Year 2 Year 3 meet risk management objectives and satisfy regulatory requirements. Unemployment 5.5% 9.0% 10.5% 11.5% rate Stress tests ar
Slide 36: Lenders Mortgage Insurance
LENDERS MORTGAGE INSURANCE ANZLMI HAS MAINTAINED STABLE LOSS RATIOS MARCH HALF YEAR 2018 RESULTS LMI & REINSURANCE STRUCTURE Australian Home Loan portfolio LMI and Reinsurance Structure at 31 Mar 2018 (% New Business FUM Oct-17 to Mar-18) Gross Written Premium ($m) $81.4m LVR<80% Not Net Claims Paid
Slide 37: ANZ Covered Bond Trust Update
EUROPEAN COVERED BOND CONFERENCE 2018 ANZ COVERED BOND TRUST UPDATE AUSTRALIA AND NEW Z EAL AND BANKING GROUP LIMITED Not for distribution into the United States
Slide 38: Cover Pool Summary
ANZ COVERED BONDS COVER POOL SUMMARY COMPOSITION AND QUALIFYING CRITERIA WEIGHTED AVERAGE LVR PORTFOLIO SUMMARY AT 22 AUGUST 2018 50 Covered Bond Pool $19.5bn Covered Bonds on issue $13.9bn % 35 32 Average loan size $321,894 Weighted Ave Current LVR 64.38% 10 12 11 8 8 9 7 Weighted Ave Indexed LVR 5
Slide 39: Covered Bonds: Collateral Change
C O V E R E D B O N D S – C O L L AT E R A L C H A N G E (SINCE SEPTEMBER 2017) COVER POOL SUMMARY Portfolio Summary 22-Sep-2017 22-Dec-2017 22-Mar-2018 22-Jun-2018 Cover Pool $19.5bn $19.5bn $19.5bn $19.5bn Covered Bonds on issue $13.9bn $13.9bn $13.9bn $13.9bn Average loan size $325,695 $322,231 $
Slide 40: Covered Bonds on Issue as at August 2018
C O V E R E D B O N D S O N I S S U E A S AT 2 2 AUGUST 2018 ANZ COVERED Covered Bonds BONDS - ISSUANCE TENOR ANZ COVERED BONDS - ISSUANCE TENOR Bonds Outstanding (A$) 13.9bn 10% 7% 1% Cover Pool (A$) 19.5bn 3 yr 5 yr Program Ratings Aaa / AAA 7 yr 32% Number of Issues O/s 17 30% 10 yr 12 yr Number
Slide 41: Economics
EUROPEAN COVERED BOND CONFERENCE 2018 ECONOMICS AUSTRALIA AND NEW Z EAL AND BANKING GROUP LIMITED Not for distribution into the United States
Slide 42: Australian Economy
AUSTRALIAN ECONOMY GDP GROWTH1 CONSUMER PRICE INFLATION*1 CREDIT GROWTH BY SECTOR1 AUSTRALIAN GOVERNMENT BUDGET BALANCE*1 (year ended) Per cent of nominal GDP 42 Sources: 1. RBA Chart Pack Aug 2018 Not for distribution into the United States
Slide 43: Australian Economy and Population
A U S T R A L I A N E C O N O M Y A N D P O P U L AT I O N POPULATION GROWTH1 – AUSTRALIA AND G7 INDUSTRY SHARE OF OUTPUT2 % yoy 2.5% 2.0% Australia 1.5% 1.0% G7 weighted average 0.5% 0.0% 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 POPULATION GROWTH – M
Slide 44: Australian Labour Market
AUSTRALIAN LABOUR MARKET UNEMPLOYMENT AND UNDEREMPLOYMENT1 JOB VACANCIES AND ADVERTISEMENTS WAGE PRICE INDEX GROWTH1 LABOUR COSTS AND INFLATION3 8 5.0 7 4.5 6 4.0 5 3.5 % change y/y % change y/y 4 3.0 3 2.5 2 2.0 1 1.5 0 1.0 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 NAB labour c
Slide 45: Commodity Prices
COMMODITY PRICES1 RBA INDEX OF COMMODITY PRICES BASE METALS, RURAL, AND OIL PRICES SDR, 2016/17 Average = 100, log scale Weekly BULK COMMODITY PRICES TERMS OF TRADE* Free on board basis 2015/16 average = 100, log scale 45 1. RBA Chart Pack Aug 2018 Not for distribution into the United States
Slide 46: Australian Economy – State by State
A U S T R A L I A N E C O N O M Y – S TAT E B Y S TAT E STATE FINAL DEMAND (STATE GDP)1 STATE UNEMPLOYMENT2 % yoy trend 4 2 0 -2 -4 -6 -8 -10 NSW VIC TAS SA QLD WA 2014 2015 2016 2017 POPULATION GROWTH1 MAJOR INFRASTRUCTURE PROJECTS3 000’s % yoy 22 Metronet (WA) Snowy Hydro Expansion (NSW) Sydney (T
Slide 47: Australian Economy – State by State
A U S T R A L I A N E C O N O M Y – S TAT E B Y S TAT E ANZ STATEOMETER1 STATE FINAL DEMAND2 Year-ended growth 47 Sources: 1. ANZ Economics. 2. RBA Chart Pack Aug 2018, ABS. Not for distribution into the United States
Slide 48: Australian Economy – WA and QLD
A U S T R A L I A N E C O N O M Y – WA A N D Q L D WA AND QLD GDP HAS IMPROVED1 6 MONTHS OF JOB GROWTH IN WA AND QLD1 16 30 14 26 12 22 10 18 8 14 y/y % change (trend) y/y % change (trend) 6 10 4 6 2 2 0 -2 -2 -6 -4 WA & QLD -6 improved -10 -8 -14 -10 -18 04 06 08 10 12 14 16 04 06 08 10 12 14 16 NS
Slide 49: Australian Economy – Service Exports
AUSTRALIAN ECONOMY – SERVICE EXPORTS SERVICE EXPORTS AND AUD1 INTERNATIONAL TOURIST VISA’S GRANTED2 5 28% growth 4 3 2013 2014 2015 2016 Sep 30 Visa's granted ('Millions) INTERNATIONAL STUDENT VISAS2 NUMBER OF INTERNATIONAL CITIES WITH CONNECTING FLIGHTS3 19.9% 59 growth Dec-14 Dec-15 Dec-16 Dec-17
Slide 50: Australian Housing Dynamics
AUSTRALIAN HOUSING DYNAMICS HOUSING PRICE FORECASTS BY STATE HOUSE PRICE GROWTH1 All 20 March 2018 Houses Units dwellings Total housing prices, y/y % change (calendar year) 16 City yoy % yoy % yoy % Sydney -5.6 -7.1 -2.2 12 Melbourne -1.7 -2.7 1.5 8 Brisbane 0.9 0.9 0.9 4 Adelaide 1.0 1.0 0.9 Perth
Slide 51: Australian Housing Dynamics
AUSTRALIAN HOUSING DYNAMICS VACANCY RATES VACANCY RATES BY STATE 5.0 7.0 Average 1987-2004 6.0 4.0 Vacancy rates (%, trend) Vacancy rates (%, trend) 5.0 3.0 Post-2004 average 4.0 2.0 3.0 2.0 1.0 1.0 0.0 87 89 91 93 95 97 99 01 03 05 07 09 11 13 15 17 0.0 Australian capital cities Average 1987-2004 P
Slide 52: Australian Housing Dynamics
AUSTRALIAN HOUSING DYNAMICS ESTIMATED APARTMENT COMPLETIONS1 RENTAL VACANCY RATES1 HOUSING LOAN APPROVALS2 HOUSING BALANCE3 Forecast 200 150 100 Dwellings ('000) Shortage 50 0 Surplus -50 -100 -150 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 Housing Balance - Actual Housing Balance - Unchange
Slide 53: Dynamics Supporting NSW & VIC Housing
DYNAMICS SUPPORTING NSW &VIC HOUSING CHANGE IN EMPLOYMENT BY STATE2 NSW – Dwelling completions per million population2 Past 3 years quarterly Completions per million population (LHS) 2,500 Long run average (LHS) 0.0% 2,300 Population growth yoy % - inverted (RHS) 2,100 0.5% 1,900 1,700 1.0% 1,500 1,
Slide 54: Australian Housing: Household Debt and Income
AUSTRALIAN HOUSING HOUSEHOLD DEBT AND INCOME Household Debt and Deposits1 Household Debt-to-income Ratios2 % of annual household disposable income Housing Price-to-income Ratio*2 Household Mortgage Debt Indicators2 Sources: 1. ABS, RBA. Housing Debt refers to ratio of housing debt to annualised hous
Slide 55: Australian Housing: Household Debt and Income
AUSTRALIAN HOUSING HOUSEHOLD DEBT AND INCOME Household Debt-to-income1 Household Wealth and Liabilities2 Income quintile, median* % of annual household disposable income Sources: 1. RBA Household Debt, Housing Prices and Resilience, May 2017. 2. RBA Chart Pack Aug 2018 55 Not for distribution into t
Slide 56: Australian Housing: Interest Only Lending
AUSTRALIAN HOUSING I N T E R E S T O N LY L E N D I N G Components of Household Mortgage Payments1 Indexed Loan-to-Valuation Ratio1 Share of household disposable income* Share of outstanding interest only securitised mortgages; Dec 2017* Additional Mortgage Payments1 Share of household disposable in
Slide 57: Mortgage Buffers: Offset Balances
MORTGAGE BUFFERS: OFFSET BALANCES HOUSEHOLD MORTAGE BUFFERS1 LOAN-TO-VALUATION RATIOS2 Offset Balances Balanced-Weighted Share of Securitised Loans • Aggregate buffers of 17% of outstanding mortgage balance or 2.5 years scheduled payments • Of those with <1 month buffer, this includes • Investor mor
Slide 58: Further Information
F U R T H E R I N F O R M AT I O N Key contacts Adrian Went Scott Gifford John Needham Mostyn Kau Deniz Ulutas Group Treasurer Head of Debt Investor Head of Capital and Secured Head of Global Funding Senior Manager, +61 3 8654 5532 Relations Funding +61 8655 3860 Structured Funding +61 412 027 151 +
Australia and New Zealand Banking Group — Debt Investor Presentation (2018) on 6ix