Anz Group Holdings Limited · ASX:ANZ
Anz — 1H22 Earnings Presentation
109 slides from Anz's earnings presentation, May 4, 2022
Slide 1: 2022 Half Year Results
2022 HALF YEAR RESULTS HALF YEAR ENDED 31 MARCH 2022 RESULTS PRESENTATION AND INVESTOR DISCUSSION PACK 4 MAY 2022 Approved for distribution by ANZ’s Continuous Disclosure Committee Australia and New Zealand Banking Group Limited 9/833 Collins Street Docklands Victoria 3008 Australia ABN 11 005 357 5
Slide 2: Contents
ANZ 2022 Half Year Results CEO and CFO Results Presentations 3 Environment, Social & Governance (ESG) and Corporate Overview 41 Divisional Performance 55 CONTENTS Treasury 73 Risk Management 85 Housing Portfolio 99 1
Slide 3: Disclaimer & Important Notice
ANZ 2022 Half Year Results DISCLAIMER & IMPORTANT NOTICE The material in this presentation is general background information about ANZ’s activities current as 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 and sh
Slide 4: 2022 Half Year Results - Chief Executive Officer
ANZ 2022 Half Year Results 2022 2022 HALF HALF YEAR YEAR RESULTS RESULTS HALF YEAR ENDED 31 MARCH 2022 SHAYNE ELLIOTT RESULTS PRESENTATION AND INVESTOR DISCUSSION PACK CHIEF EXECUTIVE OFFICER 3
Slide 5: Stronger, Better Positioned
ANZ 2022 Half Year Results STRONGER, BETTER POSITIONED Strong capital position, better allocation of capital, improved CAPITAL STRENGTH RISK INTENSITY NET TANGIBLE ASSETS risk profile, increased risk APRA Level 2 CET1 Ratio (%) Credit RWA / EAD1 (%) NTA per share ($) adjusted returns for shareholder
Slide 6: Financial Performance Overview
ANZ 2022 Half Year Results FINANCIAL PERFORMANCE OVERVIEW 1H22 vs 2H21 vs 1H21 Statutory Profit ($m) 3,530 +10% +20% Cash Profit (continuing operations)1 ($m) 3,113 -3% +4% Return on Equity (%) 10.0 -18bps +33bps Earnings Per Share - Basic (cents) 110.8 -2% +5% Dividend Per Share – 100% fully franke
Slide 7: Continued to Simplify the Bank, Resulting in Lower Run Costs
ANZ 2022 Half Year Results CONTINUED TO SIMPLIFY THE BANK, RESULTING IN LOWER RUN COSTS TOTAL EXPENSES ($b) 8.8 8.6 8.6 0.6 PRODUCTIVITY FOCUS 0.9 1.3 More digital customer sales Increased self service 4.5 4.6 8.2 0.8 0.9 Higher STP2 rates 7.7 7.3 Increased use of Cloud 3.7 3.7 Property rationalisat
Slide 8: Investment Directed to Future Growth Opportunities
ANZ 2022 Half Year Results INVESTMENT DIRECTED TO FUTURE GROWTH OPPORTUNITIES TOTAL INVESTMENT SPEND ($m) 1,043 5% INVESTMENT EXAMPLES • New retail platform ANZ Plus 46% 663 • Sustainable financing capabilities 12% • New Retail FX proposition 53% • Migration of apps to Cloud 49% 35% • Single custome
Slide 9: Investing in Sustainability
ANZ 2022 Half Year Results INVESTING IN SUSTAINABILITY SUSTAINABLE BOND LEAGUE TABLES1 WHERE WE SUPPORT OUR CUSTOMERS Supporting Australian Sustainable Bond Cumulative League Table sustainability in resource extraction, Bookrunner (Ranking on Market share) Volume No. of deals Market share basic mate
Slide 10: Risk Performance
ANZ 2022 Half Year Results RISK PERFORMANCE RESHAPING THE PORTFOLIO SINCE 2016 LONG RUN LOSS RATES (IEL) (bps) 35 • Capital towards Retail & Commercial Rebalanced 32 • Institutional (88% investment grade at Mar 22) • Unsecured Retail Reduced / • Unsecured Small Business 26 Restricted • Third party A
Slide 11: Diversified Customer Franchise
ANZ 2022 Half Year Results DIVERSIFIED CUSTOMER FRANCHISE CAPITAL ALLOCATION & 1H22 PERFORMANCE Institutional New Zealand • Customer revenue growth • Volume growth • Higher risk adjusted lending • Higher risk adjusted margins margins % of total capital allocation1 Australia – Retail Australia – Comm
Slide 12: Institutional Platforms
ANZ 2022 Half Year Results INSTITUTIONAL PLATFORMS PAYMENTS1 NPP AGENCY PAYMENTS2 PLATFORM CASH MGT A/C Indexed data Indexed data Indexed data 192 1,594 1,225 48% 130 61% 131% 988 100 105 530 467 220 100 100 FY19 FY20 FY21 1H22 FY19 FY20 FY21 1H22 FY19 FY20 FY21 1H22 (annualised) (annualised) (annua
Slide 13: Improved Australia Home Loan Performance
ANZ 2022 Half Year Results IMPROVED AUSTRALIA HOME LOAN PERFORMANCE HOME LOAN GROSS LOANS & ADVANCES1 ($b) MEDIAN TIME TO FIRST DECISION2 275 281 278 278 269 265 264 3 days 7 days Simple applications Complex applications AUTO CREDIT PROCESSING DECISIONED CAPACITY 77% +30% ANZ branch applications3 Ap
Slide 14: The Bank We're Building
ANZ 2022 Half Year Results THE BANK WE’RE BUILDING ‘We are the Bank for those in Australia & New Zealand who want to GIVING OUR CUSTOMERS ACCESS TO buy and own a home or start, run, and grow a small business and for those larger businesses trading and investing in Asia Pacific’ Propositions Purpose
Slide 15: Streams of Work to Deliver the Benefits of Diversification
ANZ 2022 Half Year Results STREAMS OF WORK TO DELIVER THE BENEFITS OF DIVERSIFICATION Exiting Reshaping Strengthening Rebuilding Improving non-core activities Institutional New Zealand Aus. Retail & Commercial capacity & resilience to provide capacity to improve sustainable to meet regulatory around
Slide 16: Exiting Non-Core Activities
ANZ 2022 Half Year Results EXITING NON-CORE ACTIVITIES MAR 2016 MAR 2022 ~18% ~5% Non-core1 Institutional of capital in non-core activities of capital in non-core activities Retail & Commercial Agreed the sale of 29 businesses, and reshaped the Institutional business, releasing over $13b in capital
Slide 17: Launched ANZ Plus
ANZ 2022 Half Year Results LAUNCHED ANZ PLUS Purpose-led Mobile-first, Simplified, Customer propositions human high integrity, centric that people love supported highly leading to use automated workplace platform 16
Slide 18: Launched ANZ Plus
ANZ 2022 Half Year Results LAUNCHED ANZ PLUS FEATURES & CAPABILITIES ROLLED OUT Cumulative ~140 ~90 ~50 ~30 Launch End Mar 22 End Apr 22 End May 22 (Mar 22) (expectation) 17
Slide 19: Our Commercial Business
ANZ 2022 Half Year Results OUR COMMERCIAL BUSINESS NET LOANS & ADVANCES1 ($b) CUSTOMER DEPOSITS1 ($b) 77% $53b 23% 30% $86b 70% GoBiz Mar 22 Mar 22 Business Banking Small Business Banking Basis: Cash Profit, Continuing Operations excluding Large / Notable items 1. Excludes Asset Finance (run-off bus
Slide 20: Intention to Implement a Non-Operating Holding Company (NOHC)
ANZ 2022 Half Year Results INTENTION TO IMPLEMENT A NON-OPERATING HOLDING COMPANY (NOHC) • Intention to lodge a formal application with APRA, the Federal Treasurer & other applicable regulators to establish a NOHC • Should proposed restructure proceed a new listed parent holding company will be crea
Slide 21: Operating Conditions
ANZ 2022 Half Year Results OPERATING CONDITIONS ‘OLD’ WAYS OF WORKING FUTURE WAY OF OPERATING (FOR NOW) • Mass market acquisition, limited differentiation • Targeted, personalised customer acquisition & retention • Advice by people through consultation • Advice & insights by technology through data
Slide 22: Priorities for 2022
ANZ 2022 Half Year Results PRIORITIES FOR 2022 RESTORE COMPLETE Momentum in Australia Home Loans BS11, recycle capital and improve returns in NZ LAUNCH ANZ Plus: position for a digital Home Loan proposition SEED CONTINUE Profitable, high return growth in Institutional Group simplification and produc
Slide 23: 2022 Half Year Results - Chief Financial Officer
ANZ 2022 Half Year Results 2022 2022 HALF HALF YEAR YEAR RESULTS RESULTS HALF YEAR ENDED 31 MARCH 2022 FARHAN FARUQUI RESULTS PRESENTATION AND INVESTOR DISCUSSION PACK CHIEF FINANCIAL OFFICER 22
Slide 24: Overview
ANZ 2022 Half Year Results OVERVIEW CASH PROFIT CASH EPS CASH ROE $m cents % 3,208 3,113 113 111 10.2 10.0 2,990 105 9.7 2,345 83 7.6 1,413 50 4.7 1H20 2H20 1H21 2H21 1H22 1H20 2H20 1H21 2H21 1H22 1H20 2H20 1H21 2H21 1H22 Basis: Cash Profit, Continuing Operations 23
Slide 25: Financial Performance
ANZ 2022 Half Year Results FINANCIAL PERFORMANCE CASH PROFIT (HoH) 54 $m 3,208 3% 2,990 -204 212 93 3,113 1H22 vs 2H21 -118 -34 -98 CASH PROFIT (PCP) Flat BAU costs FX adj. & excluding 4% Cashrewards 2H21 1H22 -97 -43 1H22 vs 1H21 1H21 2H21 Large / Income Markets BAU Investment Provisions Tax & NCI
Slide 26: Group Net Interest Margin (NIM)
ANZ 2022 Half Year Results GROUP NET INTEREST MARGIN (NIM) Primarily lower UNDERLYING NIM margin fixed rate bps 165 1 home loans -6bps Sep 21 month: 159 Higher -2 4 159 1 158 1H22 vs 2H21 volumes and -6 -2 modest rate Mar 22 -3 month: benefits 158 NZ Home Loans (-3) Wholesale funding (+1) HEADLINE E
Slide 27: NIM Considerations
ANZ 2022 Half Year Results NIM CONSIDERATIONS POSITIVES NEGATIVES Higher earnings on capital and replicated Competitive pressures Near term deposit portfolio from rising interest rates Flexibility in a rising rate environment Impact of higher swap rates on fixed rate mortgages (lag impact) On balanc
Slide 28: Capital & Replicated Deposit Portfolio
ANZ 2022 Half Year Results CAPITAL & REPLICATED DEPOSIT PORTFOLIO SENSITIVITY OF NII ON CAPITAL AND REPLICATING PORTFOLIO – BASED ON ANZ RESEARCH FORECAST1, 2, 3 MAR 2022 PORTFOLIO ($b) ILLUSTRATIVE IMPACT TO NET INTEREST INCOME RELATIVE TO 12 MONTHS ENDING MARCH 20221, 2, 3 142 PROSPECTIVE BENEFIT4
Slide 29: Australia Retail & Commercial
ANZ 2022 Half Year Results AUSTRALIA RETAIL & COMMERCIAL INCOME ($b) RISK ADJUSTED MARGINS2 (%) NET LOANS & ADVANCES ($b) 5.99 339 344 341 342 5.88 5.84 5.88 330 4.68 4.61 5.68 7 7 6 6 4.52 4.55 8 4.32 58 57 57 58 58 1.50 1.40 1.30 1.36 1.32 264 275 281 278 278 3.18 3.13 3.25 3.25 3.00 1H20 2H20 1H2
Slide 30: Australia Housing
ANZ 2022 Half Year Results AUSTRALIA HOUSING HOME LOAN BALANCE AND FLOWS ($b) HOME LOAN APPLICATIONS & PROCESSING CAPACITY Indexed data1 7 8 150 27 -10 140 278.0 278.4 130 -32 120 110 100 90 80 Sep 21 New Refi. In Redraw Refi. Out Repay Mar 22 Sep 20 Mar 21 Sep 21 Mar 22 Sales & Interest / Other (ex
Slide 31: Institutional ex Markets
ANZ 2022 Half Year Results INSTITUTIONAL EX MARKETS INCOME1 ($b) RISK ADJUSTED MARGINS2 (%) NET LOANS & ADVANCES ($b) Risk Adj. Lending Margin 1.63 1.59 1.64 1.55 1.58 150 1.47 1.50 141 0.23 0.21 2.07 2.03 2.02 22 0.21 0.19 1.97 131 0.19 1.90 126 19 119 17 14 0.43 14 0.58 0.50 0.43 0.44 129 123 111
Slide 32: Markets Income
ANZ 2022 Half Year Results MARKETS INCOME 1,508 131 MARKETS INCOME 1,164 13% $m 940 24 238 468 1,012 21 930 7 1H22 vs 2H21 826 812 256 48 402 190 445 223 CUSTOMER 902 909 FRANCHISE1 694 588 589 590 23% 478 -10 -1 1H22 vs 2H21 1H19 2H19 1H20 2H20 1H21 2H21 1H22 Customer Franchise1 Balance Sheet Deriv
Slide 33: Our Payments and Cash Management (PCM) and Platforms Business
ANZ 2022 Half Year Results OUR PAYMENTS AND CASH MANAGEMENT (PCM) AND PLATFORMS BUSINESS STRONG GROWTH MOMENTUM MARKET LEADING POSITION TARGETED INVESTMENT # of PCM transactions (b) Clearing market share (%) Investment spend ($) 17% CAGR 58 59 20% AUD NZD 1.5 46 1.3 41 41 42 1.1 FY19 FY20 FY21 FY19
Slide 34: Sustainability-Led Value Creation in Institutional
ANZ 2022 Half Year Results SUSTAINABILITY-LED VALUE CREATION IN INSTITUTIONAL A MAJOR REPONSIBILITY A MAJOR OPPORTUNITY ANZ DIFFERENTIATION 1st We are supporting growth in … Corporate Emerging Investors customers ‘green’ seeking Depth and breadth of Institutional Australian bank to join the Net- 1 t
Slide 35: New Zealand Division (Excludes Institutional)
ANZ 2022 Half Year Results NEW ZEALAND DIVISION (EXCLUDES INSTITUTIONAL) INCOME1 (NZDb) RISK ADJUSTED MARGINS3 (%) NET LOANS & ADVANCES1 (NZDb) Mar 22 1.85 5.28 139 1.82 131 135 1.73 126 1 1.68 5.12 125 2 2 1.60 4.93 5.08 3 2 4.72 38 0.57 0.60 4.44 39 0.48 0.51 39 0.47 40 39 1.22 1.25 1.23 94 100 1.
Slide 36: Expenses
ANZ 2022 Half Year Results EXPENSES Flat ‘Run the bank’ costs (ex. Cashrewards) TOTAL (FX ADJ) $m 97 4,555 67 14 22 4,445 10 17 2% 4,423 -95 760 857 759 Investment 1H22 vs 2H21 In line with expensed rate guidance at increased to 88% 1Q22 market (79% in 2H21) BAU (FX ADJ) update 3,664 3,685 3,698 0%
Slide 37: Investment
ANZ 2022 Half Year Results INVESTMENT TOTAL INVESTMENT SPEND ($m) 1,058 1,043 CAPITALISED SOFTWARE 21% 24% BALANCE ($m) 811 752 663 20% 2,893 23% 26% 25% 16% 15% 19% 20% 1,856 55% 46% 46% 53% 48% 1,323 12% 10% 9% 7% 5% 960 924 1H20 2H20 1H21 2H21 1H22 72% expensed 79% expensed 88% expensed Sep 15 Se
Slide 38: Benefits of Our Investments
ANZ 2022 Half Year Results BENEFITS OF OUR INVESTMENTS MODERN DIGITAL ACTIONABLE SIMPLIFICATION INTELLIGENT EMBEDDED EXPERIENCES DATA AUTOMATION RESILIENCE VALUE Better customer Better business Faster & cheaper to A step change Strengthen DRIVER & employee decisions & adapt, develop & in efficiency
Slide 39: Provisions
ANZ 2022 Half Year Results PROVISIONS TOTAL PROVISION CHARGE ($m) COLLECTIVE PROVISION (CP) BALANCE ($m) 1,674 4,195 37 -67 -98 3,757 760 -172 -138 618 1,048 1,064 669 3,435 402 3,139 4 626 398 395 187 69 87 -145 Sep 21 FX Volume Change Eco. Fcst. Additional Mar 22 -76 -371 / mix in risk & weights o
Slide 40: Capital
ANZ 2022 Half Year Results CAPITAL APRA LEVEL 2 CET1 RATIO (%) 0.76 Level 1 12.34 -0.33 11.1 -0.42 -0.02 -0.48 11.53 -0.19 -0.13 Timing impact of higher term rates on the capital and replicated deposits Sep 21 Cash Profit cRWA Non cRWA Capital 2021 Final Share Other2 Mar 22 (ex L/N)1 (ex FX) (ex FX)
Slide 41: Priorities for 2022
ANZ 2022 Half Year Results PRIORITIES FOR 2022 HOME LOANS SIMPLIFICATION CAPITAL & INVESTMENT ALLOCATION GROWTH INITIATIVES DISCIPLINED EXECUTION RISK ADJUSTED RETURNS 40
Slide 42: ESG & Corporate Overview
2022 HALF YEAR RESULTS ENVIRONMENT, SOCIAL & GOVERNANCE (ESG) & CORPORATE OVERVIEW INVESTOR DISCUSSION PACK
Slide 43: Our ESG Related Disclosures
ANZ 2022 Half Year Results OUR ESG RELATED DISCLOSURES Climate Change ESG Supplement ESG Briefing Investor Round Table Investor ESG update on information & Annual event to Climate progress brief investors on Change against our ESG matters related ESG targets disclosures https://www.anz.com.au/about-
Slide 44: Snapshot of Half Year ESG Target Performance
ANZ 2022 Half Year Results SNAPSHOT OF HALF YEAR ESG TARGET PERFORMANCE ESG target Progress Relevant SDGs ENVIRONMENTAL SUSTAINABILITY Fund and facilitate at least AU$50 billion by 2025 towards sustainable solutions for our customers, Since October 2019, we have funded and facilitated AU$31.03 billi
Slide 45: Our Resources Portfolio
ANZ 2022 Half Year Results OUR RESOURCES PORTFOLIO RESOURCES PORTFOLIO (EAD1 $b) 20.0 1.7 THERMAL COAL MINING (EAD1 $b) 0.6 17.3 17.0 1.3 16.2 0.8 0.5 0.7 2.0 15.3 0.8 1.2 1.0 0.9 2.9 0.4 0.7 14.0 0.7 13.8 1.5 1.1 1.5 1.2 0.8 0.9 13.0 0.4 0.3 0.5 1.7 0.4 0.7 1.0 1.2 0.6 1.0 1.2 1.0 4.9 1.4 5.4 5.2 1
Slide 46: Corporate Profile
ANZ 2022 Half Year Results CORPORATE PROFILE OUR LARGEST BUSINESSES – 1H22 CASH PROFIT ($m)2 • Founded in 1835 and headquartered in Melbourne INSTITUTIONAL Providing products, services and solutions to global Institutional • Top 7 listed corporate in Australia and the largest bank in 730 and Corpora
Slide 47: The Bank We're Building
ANZ 2022 Half Year Results THE BANK WE’RE BUILDING Better customer propositions: Better access to capital and talent, ‘purposeful’, engaging, efficient driving greater capacity to invest and ‘safe’ Better financial outcomes Customers will have better Better financial wellbeing & financial wellbeing,
Slide 48: Shareholder Returns
ANZ 2022 Half Year Results SHAREHOLDER RETURNS DIVIDEND PER SHARE (cents) SHARE PRICE ($) 28.2 28.5 28.2 27.6 160 160 17.2 142 2018 2019 2020 2021 1H22 80 80 Share price close (last trading day in September of the financial year) Share price close (last trading day in March of the financial year) 72
Slide 49: Balance Sheet Composition
ANZ 2022 Half Year Results BALANCE SHEET COMPOSITION EXPOSURE AT DEFAULT1 RISK WEIGHTED ASSETS NET LOANS & ADVANCES CUSTOMER DEPOSITS EOP $b EOP $b EOP $b EOP $b 1,103 438 651 611 1,080 630 594 1,045 416 2% 614 1% 1% 8% 408 0% 562 1% 7% 2% 0% 6% 2% 1% 16% 16% 20% 16% 14% 17% 20% 20% 13% 14% 16% 17%
Slide 50: Total Operating Income
ANZ 2022 Half Year Results TOTAL OPERATING INCOME TOTAL INCOME BY DIVISION ($b) NET INTEREST INCOME BY DIVISION ($b) OTHER OPERATING INCOME ($b) 9.0 8.9 7.2 7.1 1.8 1.8 7.0 0.3 0.2 0.1 0.1 0.1 0.1 8.4 0.1 1.4 0.1 1.7 1.8 1.5 1.5 0.3 1.6 1.4 1.5 1.6 1.6 2.5 2.4 1.0 2.5 1.1 1.0 4.0 4.0 3.9 4.3 4.6 4.6
Slide 51: Expense Management
ANZ 2022 Half Year Results EXPENSE MANAGEMENT TOTAL EXPENSES BY DIVISION ($b) TOTAL EXPENSES BY CATEGORY ($b) FULL TIME EQUIVALENT STAFF (000s) 4.8 4.8 39.7 39.5 4.6 4.6 37.8 1.1 1.1 4.5 4.5 0.7 1.1 0.7 0.9 0.6 0.9 0.8 10.9 10.7 0.0 9.9 0.7 0.0 0.6 0.7 0.1 0.8 0.8 0.8 6.7 7.1 7.0 1.2 0.3 1.3 1.2 0.4
Slide 52: Interest Rate Sensitivity
ANZ 2022 Half Year Results INTEREST RATE SENSITIVITY ILLUSTRATIVE PATH & MAGNITUDE OF MOVEMENTS SHORT TERM INTEREST RATE OUTLOOK – BASED ON ANZ RESEARCH FORECASTS1 Interest Rate Forecasts (%) Jun 22 Sep 22 Dec 22 Mar 23 Jun 23 Sep 23 Dec 23 RBA Cash Rate 0.50 1.25 1.50 2.00 2.25 2.25 2.25 NZ OCR 2.0
Slide 53: Risk Adjusted Performance
ANZ 2022 Half Year Results RISK ADJUSTED PERFORMANCE GROUP1 AUSTRALIA R&C INSTITUTIONAL1 NEW ZEALAND NET INTEREST INCOME / AVERAGE CREDIT RISK WEIGHTED ASSETS (%) 4.18 4.30 4.22 5.75 5.95 5.88 1.97 2.03 2.02 4.93 5.07 5.12 1H21 2H21 1H22 1H21 2H21 1H22 1H21 2H21 1H22 1H21 2H21 1H22 AVERAGE CREDIT RI
Slide 54: Risk Adjusted Return
ANZ 2022 Half Year Results RISK ADJUSTED RETURN GROUP AUSTRALIA R&C INSTITUTIONAL NEW ZEALAND PROFIT BEFORE PROVISIONS / AVERAGE TOTAL RISK WEIGHTED ASSETS (%) 2.16 3.17 1.41 1.49 3.04 2.93 3.01 1.95 2.95 1.87 2.75 1.29 1H21 2H21 1H22 1H21 2H21 1H22 1H21 2H21 1H22 1H21 2H21 1H22 AVERAGE TOTAL RISK W
Slide 55: Large / Notable Items
ANZ 2022 Half Year Results LARGE / NOTABLE ITEMS CUSTOMER REMEDIATION LARGE / NOTABLE ITEMS Continuing Operations Pre-Tax $m $m 1H21 2H21 1H22 485 Cash Profit (763) (97) (43) 119 Divestments incl. Gain / (Loss) on sale (184) 32 247 352 29 $853m provisions Customer remediation (108) (113) (123) 86 on
Slide 56: Divisional Performance
2022 HALF YEAR RESULTS DIVISIONAL PERFORMANCE INVESTOR DISCUSSION PACK
Slide 57: Australia & New Zealand
ANZ 2022 Half Year Results AUSTRALIA & NEW ZEALAND AUSTRALIA GROSS NEW HOME LOAN ACCOUNTS - AUS1 REGISTERED ANZ APP CUSTOMERS DIGITAL SALES – AUS 000s m % of total retail sales 170 179 4.0 49% 51% 3.5 119 87 3.1 40% 106 55 30% 92 82 64 64 FY19 FY20 FY21 1H22 Mar 20 Mar 21 Mar 22 FY19 FY20 FY21 1H22
Slide 58: Australia Retail & Commercial – Financial Performance
ANZ 2022 Half Year Results AUSTRALIA RETAIL & COMMERCIAL – FINANCIAL PERFORMANCE Balance Sheet Income Expenses / FTE Credit Quality / RWAs Profit and Returns NLAs1 ($b) & NIM NII/OOI Contribution ($m) Expenses ($m) Total Provision Charge ($m) Cash Profit ($m) 4,553 4,607 4,319 1,857 1,918 1,974 2,15
Slide 59: Australia Retail
ANZ 2022 Half Year Results AUSTRALIA RETAIL CONTRIBUTION (MAR 22 $b) CASH PROFIT DRIVERS – RETAIL ($m) Net Interest Income 341 -$143m 56 1,391 263 117 61 1,250 -61 -82 116 4.3 -106 -70 285 1.3 147 3.0 Net Loans & Advances1 Customer Deposits Total Income 2H21 Cash Volume Margins Other Expenses Provis
Slide 60: Australia Retail – Loans & Deposits
ANZ 2022 Half Year Results AUSTRALIA RETAIL – LOANS & DEPOSITS LENDING COMPOSITION ($b) DEPOSIT COMPOSITION ($b) 288 285 147 7 135 272 6 123 26 21 8 16 28 36 41 281 278 14 26 20 53 58 66 264 Mar 20 Mar 21 Mar 22 Mar 20 Mar 21 Mar 22 Home Loans Cards, Personal Loans & Other Savings Term Deposits Offs
Slide 61: Australia Commercial & Private Bank (C&PB)
ANZ 2022 Half Year Results AUSTRALIA COMMERCIAL & PRIVATE BANK (C&PB) CONTRIBUTION (MAR 22 $b) CASH PROFIT DRIVERS – C&PB ($m) Net Interest Income -$31m 341 58 74 555 263 520 14 -14 -89 -8 285 147 4.3 3.0 116 56 1.3 Net Loans & Advances1 Customer Deposits Total Income 2H21 Cash Volume Margins Other
Slide 62: Australia C&PB – Loans & Deposits
ANZ 2022 Half Year Results AUSTRALIA C&PB– LOANS & DEPOSITS LENDING COMPOSITION ($b) DEPOSIT COMPOSITION ($b) 116 107 55 55 56 90 30 25 3 3 3 17 13 12 12 19 25 26 39 40 41 57 67 46 Mar 20 Mar 21 Mar 22 Mar 20 Mar 21 Mar 22 Business Banking1 Small Business Banking Private Bank & Advice Savings Term D
Slide 63: Australia C&PB – Book Composition & Risk Weight Intensity
ANZ 2022 Half Year Results AUSTRALIA C&PB – BOOK COMPOSITION & RISK WEIGHT INTENSITY DIVERSIFIED PORTFOLIO – GEOGRAPHICAL VIEW SECURITY PROFILE Mar 22 % of Exposure at Default (EAD)1,2 % of Exposure at Default (EAD)1,3 5% 7% 4% 6% 3% 5% 14% 14% 13% 13% 28% 8% VIC/TAS QLD SA/NT 74% 76% 79% 11% NSW/AC
Slide 64: New Zealand Division – Financial Performance
ANZ 2022 Half Year Results NEW ZEALAND DIVISION – FINANCIAL PERFORMANCE Balance Sheet Income Expenses / FTE Credit Quality / RWAs Profit and Returns NLAs1 (NZDb) & NIM NII/OOI Contribution (NZDm) Expenses (NZDm) Total Provision Charge (NZDm) Cash Profit (NZDm) 131 135 139 1,731 1,819 1,854 734 711 8
Slide 65: New Zealand Division – Contribution & Profit Drivers
ANZ 2022 Half Year Results NEW ZEALAND DIVISION – CONTRIBUTION & PROFIT DRIVERS CONTRIBUTION (MAR 22 NZDb) CASH PROFIT DRIVERS – NZ DIVISION ($m) Net Interest Income 139 +$20m 23 4 31 15 839 38 108 793 -16 24 -11 1.85 101 0.60 84 1.22 0.03 Net Loans & Advances Customer Deposits 2H21 Cash Volume Marg
Slide 66: New Zealand Division – Balance Sheet
ANZ 2022 Half Year Results NEW ZEALAND DIVISION – BALANCE SHEET HOUSING1 BUSINESS2 AGRI ANZ Performance (NZDb) ANZ Performance (NZDb) ANZ Performance (NZDb) 150 30 30 95.4 103.1 20.7 19.0 100 87.6 20 17.6 20 17.2 16.5 15.7 50 10 10 0 0 0 Mar 20 Mar 21 Mar 22 Mar 20 Mar 21 Mar 22 Mar 20 Mar 21 Mar 22
Slide 67: Australia & New Zealand 90+ Days Past Due (DPD)
ANZ 2022 Half Year Results AUSTRALIA & NEW ZEALAND 90+ DAYS PAST DUE (DPD) CUSTOMER PORTFOLIO1,2,3 % of Total Portfolio Balances 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 Mar Sep Mar Sep Mar Sep Mar Sep Mar Sep Mar 17 17 18 18 19 19 20 20 21 21 22 Australia Home Loans Australia Consumer Cards Aust
Slide 68: Digital Platforms – Scalable Operating Leverage, Capital Light
ANZ 2022 Half Year Results DIGITAL PLATFORMS – SCALABLE OPERATING LEVERAGE, CAPITAL LIGHT PAYMENTS1 DIRECT INTEGRATION PAYMENTS1,2 NPP AGENCY PAYMENTS1,2 PLATFORM CASH MGMT ACCOUNTS1 48% 30% 61% 131% 25% 112% 24% 192 60% 260 1,594 141% 1,225 5% 200 367% 130 160 988 120% 100 105 530 100 467 220 100 1
Slide 69: Institutional – Financial Performance
ANZ 2022 Half Year Results INSTITUTIONAL – FINANCIAL PERFORMANCE Balance Sheet Income Expenses / FTE Credit Quality / RWAs Profit and Returns NLAs1 ($b) & NIM Product Composition3 ($m) Expenses ($m) Total Provision Charge ($m) Cash Profit ($m) 2,478 2,432 2,387 175 18 14 14 1,210 969 147 158 1,171 1
Slide 70: Institutional – Income & Asset Composition
ANZ 2022 Half Year Results INSTITUTIONAL – INCOME & ASSET COMPOSITION INCOME COMPOSITION1,2 ($m) NET LOANS & ADVANCES ($b) 199 3,057 175 158 147 158 13 2,790 129 29 111 123 105 114 829 2,478 2,432 2,387 22 18 15 14 14 17 19 786 14 49 32 34 28 27 209 Mar 20 Sep 20 Mar 21 Sep 21 Mar 22 828 857 231 927
Slide 71: Institutional Margins
ANZ 2022 Half Year Results INSTITUTIONAL MARGINS1 RISK ADJUSTED NIM DRIVERS (bps) RISK ADJUSTED NIM (bps) – BY GEOGRAPHY -1bp 1 Institutional AUS / PNG 203 5 202 247 230 225 222 222 207 190 197 203 202 -7 2H21 Funding Mix & FX Deposit Margins Asset Margins 1H22 1H20 2H20 1H21 2H21 1H22 1H20 2H20 1H2
Slide 72: Institutional – Credit Risk Weighted Assets (CRWA)
ANZ 2022 Half Year Results INSTITUTIONAL – CREDIT RISK WEIGHTED ASSETS (CRWA) CRWA AVERAGE1 ($b) CRWA MOVEMENT FROM SEP 21 (EOP $b) 159 167 13 148 149 0 153 4 4 142 4 4 5 -2 144 96 104 95 90 97 -3 19 17 15 18 18 41 42 35 30 29 1H20 2H20 1H21 2H21 1H22 Sep 21 FX Volume Risk Migration Derivatives Mar
Slide 73: Institutional – Markets Income Composition
ANZ 2022 Half Year Results INSTITUTIONAL – MARKETS INCOME COMPOSITION MARKETS INCOME COMPOSITION ($m) MARKETS AVG VALUE AT RISK (99% VAR $m) 1,508 100 40 88 82 131 Non-traded VaR increased in FY20 with 75 80 COVID-related volatility and then 67 30 higher HQLA, and since has continued to flatten to 1
Slide 74: Treasury
2022 HALF YEAR RESULTS TREASURY INVESTOR DISCUSSION PACK
Slide 75: Regulatory Capital
ANZ 2022 Half Year Results REGULATORY CAPITAL CAPITAL UPDATE APRA LEVEL 2 COMMON EQUITY TIER 1 (CET1) RATIO (%) ● Level 2 CET1 ratio of 11.5% and 18.0% on an Internationally Comparable basis1, above APRA’s 0.76 ‘Unquestionably Strong’ benchmark2. CET1 reduction in the half mainly driven by: 12.34 -0
Slide 76: Regulatory Capital
ANZ 2022 Half Year Results REGULATORY CAPITAL Key Capital Ratios (%) Mar 21 Sep 21 Mar 22 RISK WEIGHTED ASSETS ($b) Level 2 CET1 capital ratio 12.4 12.3 11.5 Total Credit RWA increase $6.3b 15.9 437.9 15.3 Level 2 CET1 HoH mvmt 110 bps -10 bps -81 bps 416.1 412.0 -3.4 -1.5 -0.4 Additional Tier 1 cap
Slide 77: Internationally Comparable Regulatory Capital Position
ANZ 2022 Half Year Results INTERNATIONALLY COMPARABLE1 REGULATORY CAPITAL POSITION LEVEL 2 CAPITAL RATIO (APRA VS INTERNATIONALLY COMPARABLE)2 (%) 25.7 26.3 24.9 5.2 5.4 4.6 18.3 2.4 18.4 2.5 2.3 16.6 4.0 4.1 3.4 1.9 2.0 1.7 18.1 18.3 18.0 12.4 12.3 11.5 APRA Int. Comparable APRA Int. Comparable APR
Slide 78: CET1 and Leverage in a Global Context
ANZ 2022 Half Year Results CET1 AND LEVERAGE IN A GLOBAL CONTEXT CET1 RATIOS1,2 LEVERAGE1,2,3 0% 5% 10% 15% 20% 25% 0% 1% 2% 3% 4% 5% 6% 7% 8% SEB OCBC Svenska Handelsbanken BBVA Swedbank Nordea UOB Natwest Rabobank Danske Bank Intesa Sanpaolo Credit Agricole Group DBS ANZ Rabobank Raiffeisen Bank I
Slide 79: Balance Sheet Structure
ANZ 2022 Half Year Results BALANCE SHEET STRUCTURE1 Pro forma NSFR is ~119% once RSF benefit NSFR MOVEMENT (%) associated with TFF and CLF2 is removed BALANCE SHEET COMPOSITION (Mar-22) 4.2 123.8 0.4 0.1 123.1 Short Term Wholesale Debt & -4.6 -0.5 -0.3 Other Funding9 Liquid and Other Assets 25% 35%
Slide 80: Liquidity Coverage Ratio (LCR) Summary
ANZ 2022 Half Year Results LIQUIDITY COVERAGE RATIO (LCR) SUMMARY1 MOVEMENT IN AVERAGE LCR SURPLUS2 ($b) LCR COMPOSITION (AVERAGE 1H22, $b) 2H21 1H22 241 Avg LCR 136% Avg LCR 132% Internal RMBS Other ALA5 14 HQLA2 -2 60 58 -1 -11 -1 -1 183 Wholesale funding HQLA1 Customer deposits & other4 2H21 CLF3
Slide 81: Term Wholesale Funding Portfolio
ANZ 2022 Half Year Results TERM WHOLESALE FUNDING PORTFOLIO1 ISSUANCE ($b) MATURITIES ($b) 32 31 25 27 22 22 24 17 12 11 6 7 8 4 FY16 FY17 FY18 FY19 FY20 FY21 1H22 2H22 FY23 FY24 FY25 FY26 FY27 FY28+ Senior Unsecured Covered Bonds Tier 2 RMBS TFF NZ FLP / TLF PORTFOLIO PORTFOLIO BY CURRENCY • ANZ’s
Slide 82: ANZ's Tier 2 Capital Profile
ANZ 2022 Half Year Results ANZ’S TIER 2 CAPITAL PROFILE1 ANZ’S TIER 2 CAPITAL REQUIREMENT TO PROGRESSIVELY TIER 2 CAPITAL (NOTIONAL AMOUNT) INCREASE TO MEET TLAC REQUIREMENT • ANZ BGL issued $11.4b since July 2019 across AUD, EUR, GBP, and USD 6% 8% 2% USD • Future T2 issuance needs expected to be a
Slide 83: Capital & Replicating Deposits Portfolio
ANZ 2022 Half Year Results CAPITAL & REPLICATING DEPOSITS PORTFOLIO AUSTRALIA (%) PORTFOLIO EARNINGS RATE (AVERAGE %) 5 year AUD Swap Rate 2.5 Portfolio Earnings Rate is a combination increased ~160bps over of term swap rates (hedged component) 1H22 Australia New Zealand 2.0 & 3mth BBSW (unhedged) 1
Slide 84: Basel III CET1 Reforms and TLAC Finalisation
ANZ 2022 Half Year Results BASEL III CET1 REFORMS AND TLAC FINALISATION APRA CET1 REFORMS UPDATED MINIMUM CAPITAL REQUIREMENTS (%) • Revisions to capital framework finalised in November 2021 18.25% • Implementation on 1 January 2023 • The reforms will result in changes to the calculation and present
Slide 85: Capital & Liquidity Framework
ANZ 2022 Half Year Results CAPITAL & LIQUIDITY FRAMEWORK1 First Half CY2022 Second Half CY2022 CY2023 Implementation Date RBNZ Capital Framework Transition 2028 Leverage Ratio 2023 Standardised Approach to Credit Risk 2023 Internal Ratings-based Approach to Credit Risk 2023 Operational Risk 2023 Fun
Slide 86: Risk Management
2022 HALF YEAR RESULTS RISK MANAGEMENT INVESTOR DISCUSSION PACK
Slide 87: Long Run Provisions & Loss Rates
ANZ 2022 Half Year Results LONG RUN PROVISIONS & LOSS RATES TOTAL CREDIT IMPAIRMENT CHARGE ($m) 1,800 1,500 1,200 900 600 300 0 -300 -600 -900 1H08 2H08 1H09 2H09 1H10 2H10 1H11 2H11 1H12 2H12 1H13 2H13 1H14 2H14 1H15 2H15 1H16 2H16 1H17 2H17 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21 1H22 Consumer IP
Slide 88: Individual Provision (IP) Charge
ANZ 2022 Half Year Results INDIVIDUAL PROVISION (IP) CHARGE IP CHARGE ($m) IP CHARGE BY DIVISION ($m) 626 626 1 430 343 398 395 380 398 272 430 343 380 3 395 807 187 31 592 28 15 5 7 0 6 612 594 500 69 35 40 49 532 87 34 35 62 375 266 247 187 116 122 158 175 375 350 355 3 93 93 80 103 54 337 318 55
Slide 89: Collective Provision (CP) Balance & Charge
ANZ 2022 Half Year Results COLLECTIVE PROVISION (CP) BALANCE & CHARGE CP CHARGE ($m) CP BALANCE BY CATEGORY ($m) 1.39% 1.25% 1.22% 1H19 2H19 1H20 2H20 1H21 2H21 1H22 1.17% 1.08% 0.98% 0.94% 5,008 CP charge 13 4 1,048 669 -678 -145 -371 4,501 696 11 4,285 4,195 Volume/Mix -28 -51 0 46 -199 -83 -98 74
Slide 90: Collective Provision (CP) Balance
ANZ 2022 Half Year Results COLLECTIVE PROVISION (CP) BALANCE CP BALANCE BY DIVISION ($b) PROVISION BALANCE BY STAGE ($b) Mar 19 Sep 19 Mar 20 Sep 20 Mar 21 Sep 21 Mar 22 31 Mar 21 31 Mar 22 Australia R&C 1.83 1.80 2.32 2.85 2.33 2.23 1.89 3.0 3.0 Institutional 1.13 1.17 1.59 1.51 1.36 1.35 1.28 2.5
Slide 91: Portfolio Composition and Coverage Ratios
ANZ 2022 Half Year Results PORTFOLIO COMPOSITION AND COVERAGE RATIOS PORTFOLIO COMPOSITION Gross Loans and Advances Credit RWA Exposure at Default1 Exposure at Default1 Expected Credit Loss (ex Sovereign & Bank) (Collective Provision balance) $1,102.6b $3.8b 1% 1% 23% $655.0b $813.1b 2% 3% 3% 55% 33
Slide 92: Expected Credit Loss – Economic Scenarios: Modelled Outcomes
ANZ 2022 Half Year Results EXPECTED CREDIT LOSS – ECONOMIC SCENARIOS: MODELLED OUTCOMES (COLLECTIVE PROVISION BALANCE SCENARIOS)¹ MAR 22 ($m) Weightings to scenarios to determine CP balance ECONOMIC SCENARIOS BASE CASE 2 5% 40% 45% 10% 31 March 22 CY2019A CY2020A CY2021A CY2022F CY2023F 4,859 AUSTRA
Slide 93: Impaired Assets
ANZ 2022 Half Year Results IMPAIRED ASSETS CONTROL LIST (INDEX SEP-16 =100) NEW IMPAIRED ASSETS BY DIVISION ($m) 150 2,000 1,570 1,500 100 1,121 963 890 1,000 611 639 50 500 0 0 Sep Sep Sep Sep Sep Sep Mar Mar 18 Mar 19 Mar 20 Mar 21 Sep 21 Mar 22 16 17 18 19 20 21 22 Control List by Limits Control
Slide 94: Risk Weighted Asset (RWA)
ANZ 2022 Half Year Results RISK WEIGHTED ASSET (RWA) TOTAL RWAS ($b) CREDIT RWA DRIVERS ($b) 449 14.7 438 48 408 416 396 396 48 348.8 15 48 -3.4 37 38 47 -0.8 -0.1 41 16 13 19 25 342.5 178 141 144 142 144 153 -4.1 8 8 8 7 7 7 52 53 62 57 59 59 143 141 138 136 133 130 Mar 18 Mar 19 Mar 20 Mar 21 Sep
Slide 95: Risk Weighted Assets & Exposure at Default Composition
ANZ 2022 Half Year Results RISK WEIGHTED ASSETS & EXPOSURE AT DEFAULT COMPOSITION1 EAD COMPOSITION ($b) EAD & CRWA MOVEMENT ($b) Mar 22 vs Sep 21 FX adjusted 28.9 1,080 1,103 1,075 1,045 1% 1% 13.8 1% 4% 5% 1% 4% 4% 7.7 968 4% 4% 4.4 930 5% 4% 0.1 2.0 0.1 1% 1% 6% 7% 4% -0.2 -1.3 -0.5 4% 27% 28% 30%
Slide 96: Total Portfolio Composition
ANZ 2022 Half Year Results TOTAL PORTFOLIO COMPOSITION EXPOSURE AT DEFAULT (EAD) DISTRIBUTION % of Impaired Assets Impaired Assets Category % of Group EAD 1 to EAD 1 Balance2 Mar 21 Sep 21 Mar 22 Mar 21 Sep 21 Mar 22 Mar 22 4.0% 1.4% Consumer Lending 41.1% 40.1% 39.3% 0.1% 0.1% 0.1% $378m 1.8% 1.2%
Slide 97: Commercial Property – Segments of Interest
ANZ 2022 Half Year Results COMMERCIAL PROPERTY – SEGMENTS OF INTEREST OUTSTANDINGS BY REGION (GLA $b) OUTSTANDINGS BY SECTOR (%) 7.3% 7.4% 7.3% 6.9% 7.0% 6.3% 5% 6% 9% 7% 7% 6% 3% 3% 2% 2% 2% 47.7 2% 46.5 46.8 19% 45.2 2.1 22% 21% 18% 18% 2.4 2.2 20% 42.4 2.1 2.8 11.0 37.6 11.4 10.9 10.4 28% 29% 29%
Slide 98: ANZ Institutional Portfolio
ANZ 2022 Half Year Results ANZ INSTITUTIONAL PORTFOLIO SIZE & TENOR BY MARKET OF INCORPORATION ($b) INDUSTRY COMPOSITION EAD Mar 221 Finance 15% 472 Government Administration & Defence 32% Property & Business Services 450 3% 3% Services To Finance & Insurance 400 5% A$472b¹ Manufacturing (Mar 22) Wh
Slide 99: ANZ Asian Institutional Portfolio (Market of Incorporation)
ANZ 2022 Half Year Results ANZ ASIAN INSTITUTIONAL PORTFOLIO (MARKET OF INCORPORATION) MARKET OF INCORPORATION ANZ ASIA INDUSTRY COMPOSITION 23% Finance 8% Manufacturing 11% 3% 3% Wholesale Trade China South Korea 3% 2% Services to Finance & Insurance 6% Japan India A$117b¹ 6% Property & Business Se
Slide 100: Housing Portfolio
2022 HALF YEAR RESULTS HOUSING PORTFOLIO INVESTOR DISCUSSION PACK
Slide 101: Australia Home Loans – Portfolio Overview
ANZ 2022 Half Year Results AUSTRALIA HOME LOANS – PORTFOLIO OVERVIEW Unless otherwise stated metrics are based on balances Portfolio1 Flow2 Portfolio1 1H20 1H21 1H22 1H21 1H22 1H20 1H21 1H22 Number of Home Loan accounts 971k 1,019k 984k 92k3 82k3 Average LVR at Origination9,10,11 68% 71% 70% Total F
Slide 102: Australia Home Loans – Portfolio Composition
ANZ 2022 Half Year Results AUSTRALIA HOME LOANS – PORTFOLIO COMPOSITION HOME LOAN FLOWS (GROSS LOANS & ADVANCES1 $b) LOAN BALANCE & LENDING FLOWS1 ($b) 13 11 52 14 12 9 6 9 7 7 7 0 281 -4 278 8 4 7 8 1 7 3 2 8 7 -65 8 2 7 2 13 6 2 8 8 7 8 1 28 28 26 26 26 24 24 23 25 21 19 16 17 Mar 21 New Sales Net
Slide 103: Australia Home Loans – Portfolio Composition & Flow
ANZ 2022 Half Year Results AUSTRALIA HOME LOANS – PORTFOLIO COMPOSITION & FLOW BY PURPOSE (% OF TOTAL BALANCES) BY ORIGINATION LVR4,6 (% OF TOTAL BALANCES) Portfolio1,2 Flow3,4 Flow3,4 2% 2% 2% 0% 30% 30% 30% 35% 19% 22% 19% 20% 21% 21% 68% 68% 68% 65% 61% 57% 60% Mar 20 Mar 21 Mar 22 1H22 1H20 1H21
Slide 104: Australia Home Loans – Repayment Profile
ANZ 2022 Half Year Results AUSTRALIA HOME LOANS – REPAYMENT PROFILE HOME LOANS REPAYMENT PROFILE1,2 HOME LOANS ON TIME & <1 MONTH AHEAD PROFILE2 68% of accounts ahead of repayments % composition of accounts (Mar 22 vs Mar 21) 33% 30% New Accounts: 21 28 Less than 6 months old Structural: Loans that
Slide 105: Australia Home Loans – Dynamic Loan to Value Ratio (DLVR)
ANZ 2022 Half Year Results AUSTRALIA HOME LOANS – DYNAMIC LOAN TO VALUE RATIO (DLVR) DLVR BASED ON PORTFOLIO BALANCES 1,2,3,4 (%) DLVR BASED ON TOTAL PORTFOLIO ACCOUNTS 1,2,3,4,5 (%) 60 60 55 55 50 50 45 45 40 40 35 35 30 30 25 25 20 20 15 15 10 10 5 5 0 0 0-60% 61-75% 76-80% 81-90% 91-95% 96-100% 1
Slide 106: Australia Home Loans – Portfolio Performance
ANZ 2022 Half Year Results AUSTRALIA HOME LOANS – PORTFOLIO PERFORMANCE HOME LOANS 90+ DPD (BY STATE)1,2 HOME LOAN DELINQUENCIES1,2,3,4 % of Portfolio Segment Balances % of Portfolio Segment Balances 3 2.5 2 1 0 2.0 Mar Sep Mar Sep Mar Sep Mar Sep Mar 18 18 19 19 20 20 21 21 22 30+ DPD % 90+ Owner O
Slide 107: New Zealand Home Loans – Portfolio Overview
ANZ 2022 Half Year Results NEW ZEALAND HOME LOANS – PORTFOLIO OVERVIEW Portfolio Flow Portfolio 1H20 1H21 1H22 1H21 1H22 1H20 1H21 1H22 Number of Home Loan Accounts 531k 533k 540k 42k 31k Average LVR at Origination 57% 58% 56% Total FUM NZD88b NZD95b NZD103b NZD15b NZD14b Average Dynamic LVR 40% 37%
Slide 108: New Zealand Loans – Home Lending & Arrears Trends
ANZ 2022 Half Year Results NEW ZEALAND LOANS – HOME LENDING & ARREARS TRENDS HOME LOAN LVR PROFILE1 HOUSING FLOWS HOUSING PORTFOLIO 2% 1% 1% 2% 14% 11% 11% 3% 2% 7% 43% 45% 55% 7% 12% 86% 89% 89% 15% 12% 57% 55% 45% 19% 1H20 1H21 1H22 Mar 20 Mar 21 Mar 22 Proprietary Broker Fixed Variable HOUSING PO
Slide 109: Further Information
ANZ 2022 Half Year Results FURTHER INFORMATION https://www.anz.com/shareholder/centre/ Equity Investors Retail Investors Debt Investors Jill Campbell Cameron Davis Harsh Vardhan Michelle Weerakoon Scott Gifford Group General Manager Executive Manager Senior Manager Manager Head of Debt Investor Rela
Australia and New Zealand Banking Group Limited (ANZ) — 1H22 Earnings Presentation on 6ix