#1ANZ 2022 FULL YEAR RESULTS FULL YEAR ENDED 30 SEPTEMBER 2022 RESULTS PRESENTATION & INVESTOR DISCUSSION PACK 27 OCTOBER 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 11 005 357 522#2ANZ 2022 Full 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 should not 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. These should be considered, with or without professional advice when deciding if an investment is appropriate. This presentation may contain forward-looking statements or opinions including statements regarding our intent, belief or current expectations with respect to ANZ's business operations, market conditions, results of operations and financial condition, capital adequacy, specific provisions and risk management practices. When used in this presentation, the words 'forecast', 'estimate', 'project', 'intend', 'anticipate', 'believe', 'expect', 'may', 'probability', 'risk', 'will', 'seek', 'would', 'could', 'should' and similar expressions, as they relate to ANZ and its management, are intended to identify forward- looking statements or opinions. Those statements: are usually predictive in character; or may be affected by inaccurate assumptions or unknown risks and uncertainties; or may differ materially from results ultimately achieved. As such, these statements should not be relied upon when making investment decisions. These statements only speak as at the date of publication and no representation is made as to their correctness on or after this date. Forward-looking statements constitute "forward- looking statements" for the purposes of the United States Private Securities Litigation Reform Act of 1995. ANZ does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.#3ANZ 2022 Full Year Results CONTENTS Results Presentations Chief Executive Officer (CEO) Chief Financial Officer (CFO) Investor Discussion Pack Corporate Overview Group Performance Environment, Social & Governance (ESG) Divisional Performance Treasury Risk Management Housing Portfolio 3 4 20 39 40 40 47 60 60 74 74 ཙ་ 107 121#4ANZ 2022 FULL YEAR RESULTS RESULTS PRESENTATION#52022 FULL YEAR RESULTS SHAYNE ELLIOTT CHIEF EXECUTIVE OFFICER#6FY22 GROUP FINANCIAL RESULTS ANZ 2022 Full Year Results FY22 vs FY21 Statutory profit, $ million 7,119 +16% Cash profit (continuing operations)', $ million 6,515 +5% Return on equity1, % 10.4 +47bps Earnings per share - basic¹, cents 228.8 +6% Dividend per share - fully franked, cents 146 +4 cents APRA Level 2 CET1 ratio, % NTA per share, $ 12.29 -5bps 20.75 -34 cents 1. Cash profit (continuing operations includes the impact of Large / Notable items, excludes discontinued operations) 5#7ANZ 2022 Full Year Results FY22 PRIORITIES RESTORE Momentum in Australia home loans LAUNCH ANZ Plus; drive customer growth and increased customer engagement FOCUS Disciplined growth in Institutional with accelerated momentum & refreshed ambition for Commercial COMPLETE BS11, recycle capital & improve returns in NZ CONTINUE Group simplification & productivity, as well as de-risking & repositioning initiatives across the Group 10 6#8ANZ 2022 Full Year Results GROWTH HAS BEEN RESTORED IN AUSTRALIA HOME LOANS RESTORE Momentum in Australia Home Loan performance Processing capacity +35% home loans Sep 22 vs. Sep 21 Home Loan balance, $b 6.9% annualised Australia Retail performance Risk adjusted margins, % 6.15 6.16 283.1 281.5 280.9 280.4 279.1 Auto credit decisioned 278.4 278.6 79% ANZ branch applications¹ Sep 22 (up from 77% in Mar 22) 1. Branch applications receiving an instant credit decision 5.98 6.18 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Sep 22 1H21 2H21 1H22 2H22#9ANZ 2022 Full Year Results ANZ PLUS ALREADY DELIVERING LAUNCH Strong momentum in customer acquisition and customer engagement Customer acquisitions', '000s Total FUM', $m ANZ Plus; drive customer 76 70 32% NTB share of 1,250 60 customers onboarded 1,000 growth and 50 40 750 increased 30 500 customer 20 250 engagement 10 0 0 Mar Apr May Jun Jul Aug Sep Oct Customer acquisitions by age group¹ 36-50 26% 1. March 2022 to 25 October 2022 Of customers with funded account at 30 September 2022 2. 3. Rolling 3 month average score for 'Join' episode 51+ 23% 45% of customers have set up saving goals² Mar Apr May Jun Jul Aug Sep Oct Average balance per customer', $'000 20 15 +46 NPS score³ 18-25 10 <18 21% 26-35 24% 5 0 Mar Apr May Jun Jul Aug Sep Oct 1,700+ releases have been deployed to ANZ Plus production since March 8#10ANZ 2022 Full Year Results ANZ PLUS - MORE EFFICIENTLY DRIVE HIGHER CUSTOMER GROWTH, GREATER ENGAGEMENT AND BETTER FINANCIAL HEALTH LAUNCH ANZ Plus; drive customer growth and increased customer engagement How we measure success More attractive Greater propensity to join Brand consideration # New customers Relative app store rating # ANZ customers migrated More engaging Higher customer lifetime value Risk adj. revenue per customer % Main Bank customers Lower cost to onboard, serve and engage More secure More resilient systems and services Average balances per customer % customers making and receiving payments regularly # Interactions per customer Velocity of new features and capabilities released Marginal cost to acquire and join per customer Complaints per customer Fraud losses per customer Key episode NPS % customers actively contributing to a savings goal % customers saving for a home % customers with a Home Loan Marginal cost of service (contact centre, coaching) per customer Average product management cost per customer % customers ahead on Home Loan % customers with data sharing consent Customer financial wellbeing score Retention of active customers Customers per Plus FTE % Transactions using PayID System downtime More than 100 metrics are auto tracked on a weekly basis More efficient 0#11ANZ 2022 Full Year Results SCALING COMMERCIAL BUSINESS WITH ATTRACTIVE RETURNS Financial performance FOCUS Accelerated Revenue¹, $b Risk adjusted margins² % momentum ~25% 4.4 of total and refreshed group ambition for revenue 1.5 Commercial 2.9 2.6 5.65 5.51 4.92 7.05 Stand alone division, refreshed ambition Banking SME & Specialist businesses³ Targeted segment growth Targeted, high value customer solutions GoBiz, Rapid Refi, Worldline Joint Venture Simplified, de-risked Sold and exited Financial Planning and Advice Exited Broker channel for stand alone asset finance Balance Sheet, $b Risk profile (~1.9x deposit to loan ratio) 112 60 80% 12% 8% FY21 FY22 1H21 2H21 1H22 2H22 Sep 22 Commercial Division revenue Deposits Loans Customer revenue in Institutional / Retail Fully secured Partly secured Unsec./Other 1. Excluding gain on sale (Worldline JV) and Merchant Acquiring income 2. Commercial Division 10 3. Small to Medium Enterprise (SME) includes customers with total lending requirements generally up to $10m; Specialist businesses include Private Banking customers and business customers with lending requirements generally between $10m and $50m. Includes specialist segments (including Property, Health, Agriculture)#12ANZ 2022 Full Year Results INSTITUTIONAL GROWTH THROUGH DIVERSIFICATION Financial performance FOCUS Customer franchise revenue¹, $b Risk adjusted margins², % Disciplined growth in Institutional +13% 4.65 0.03 4.11 0.03 1.17 1.10 2.03 2.02 1.97 1.09 0.92 0.42 0.38 1.94 1.69 FY21 Corporate Finance Trade Payments & Cash Mgt. Excludes Markets Balance Sheet & Derivative Valuation Adjustments Institutional ex. Markets 1. 2. 3. Institutional labelled products only FY22 Markets customer franchise Other 2.35 Points of difference Sustainable finance transactions³, # 81 39 FY20 FY21 +57% 127 Agency payments volumes, #m 170 129 FY22 +85% 315 1H21 2H21 1H22 2H22 FY20 FY21 FY22 Our fast-growing offering, clearing/settling payments for Appointer banks on their behalf - with a highly competitive offering vs. the specialised players 11#13ANZ 2022 Full Year Results STRONG RESULTS IN NZ 1. NZ Division Financial performance COMPLETE BS11, recycle capital & improve Revenue, NZDb Risk adjusted margins, NZD % returns in NZ 2.07 1.81 1.85 1.75 1H21 2H21 1H22 2H22 5.07 5.12 4.93 Market position Market share and ranking1 #1 #2 5.77 30.5% #1 #1 25.3% 22.1% 19.7% 1H21 2H21 1H22 2H22 Housing Business Agri Funds lending lending lending Mgt Reached final stages of BS11 (Outsourcing Policy) implementation Source: RBNZ dashboard. Lending as at Aug 22, Funds Mgt (KiwiSaver) as at Jun 22 12#14ANZ 2022 Full Year Results FURTHER REPOSITIONING AND SIMPLIFICATION OF THE GROUP CONTINUE Reduced ANZ's own corporate footprint, sqm Group Formal separation of Wealth Completed Wealth remediation ~20% footprint reduction in Australia simplification & Total reduction ~-51,000 productivity, as well as de-risking & repositioning initiatives across the Group Sold retail margin lending business ($1b lending book) Commenced ANZ Worldline Joint Venture Ongoing simplification focus across Group Simplifying technology infrastructure, automating day-to-day operations 55 Collins St. MEL 242 Pitt St. SYD ANZ Centre AKL ~-43,000 ~-5,600 ~-1,900 Simplifying tech infrastructure Applications 31% now on Cloud, with the goal of having 70% of apps on Cloud Resulting in improved resilience, more efficient software spend and better capacity management 13#15ANZ 2022 Full Year Results ENVIRONMENTAL UNCERTAINTY - STATE OF THE AUSTRALIAN ECONOMY Bad, but getting better Consumer confidence Bad, and getting worse Inflation Inflation expectation Good, and getting better Capacity utilisation Wage Price Index Retail Terms of trade Employment Job ads Business conditions House prices Home lending Good, but getting worse 14#16ANZ 2022 Full Year Results WELL POSITIONED TO SUPPORT OUR CUSTOMERS Structurally well positioned Invested to position ANZ for the future way of operating, incl. data insights to proactively support customers Expect continued volatile environment • Higher levels of inflation Higher interest rate environment, locally and globally Disruptive events and geopolitical risk (e.g. global trade), financial systems prone to external shocks But... Australia and NZ are better positioned vs. other economies Purpose led culture & people Appropriate customer portfolio Reweighted exposures; Strong funding & liquidity Continuously empowered our people to deliver the right outcomes for our customers Helped customers achieve solid positions to navigate the current environment Actively positioned the bank for through-cycle performance with a highly liquid balance sheet and strong funding De-risked portfolio Proactively shaped and de-risked portfolio through recent exits and other commercial decisions 15#17ANZ 2022 Full Year Results SUNCORP BANK ACQUISITION PROVIDES A PLATFORM FOR GROWTH 1. Provides increased scale and diversification¹ Total GLA² Pre-completion Business Lending ~12 months (from July 22) Solidifying growth ~3 years Migration and transformation Beyond ↑ 17% ANZ & SUNCORP ↑ 20% ANZ SUNCORP Mortgages ↑ 17% ANZY SUNCORP Retail Deposits ↑ 22% ANZ✰ SUNCORP Conditions Application for merger Target Mid 2023 ACCC authorisation under Competition and Consumer Target: ACCC authorisation Act 2010 Queensland Government Engagement on the Metway Merger Act Federal Treasurer Target: Reform enactment Application for approval under the Financial Sector (Shareholdings) Act 1998 Target: Federal Treasurer's approval Percentage increase in the size of ANZ's Retail & Commercial portfolios based on the combined businesses (ANZ Australia Retail & Commercial and Suncorp Bank) as disclosed in ANZ's 'Acquisition of Suncorp Bank and Equity Raising Investor Discussion Pack' of 18 July 2022 2. Gross Loans and Advances 16#18ANZ 2022 Full Year Results NON-OPERATING HOLDING COMPANY (NOHC) Introducing a new corporate structure to make our core bank stronger and unlock shareholder value, that will be a subject of a shareholder vote 1. л Early 2022-Oct 20221 ANZ announced intention to establish a NOHC Creating distinct banking and non-banking groups within the organisation Engaged with APRA, RBNZ and foreign regulators Approval received from APRA, the Federal Treasurer and RBNZ to establish a NOHC Shareholders Vote on establishing non-operating holding company Target: shareholder approval Target Dec. 20221 Federal Court of Australia Court hearing to approve the scheme of arrangement Target: Court approval Commencement of normal trading of ANZ NOHC shares on the ASX & NZX (Target January 2023)1 A detailed timeline is included in ANZ's Explanatory Memorandum (https://www.anz.com/shareholder/centre/), which includes important information about the Non-Operating Holding Company restructure. Further information is available in section 2 and section 7.4 of ANZ's Explanatory Memorandum. Shareholders are encouraged to read this document in full before making any voting decision 17#19ANZ 2022 Full Year Results KEY MESSAGES 477 We have delivered on our five priorities across the Group in FY22 Strongly positioned for the cycle - navigating risks and capturing new opportunities Continuing to execute our strategy; with clear priorities for the year ahead 18#20ANZ 2022 Full Year Results WE WILL CONTINUE TO EXECUTE ON OUR PRIORITIES IN FY23 PREPARE Suncorp Bank approval and integration LAUNCH NOHC ANZ Plus digital home loans INVEST Commercial Sustainability ANZ Plus migration CONTINUE Focus on risk adjusted returns Group productivity including Cloud PROTECT Our balance sheet Culture & engagement 19#212022 FULL YEAR RESULTS FARHAN FARUQUI CHIEF FINANCIAL OFFICER#22ANZ 2022 Full Year Results DELIVERING ON OUR PRIORITIES RESTORE LAUNCH FOCUS Strong financial outcomes with all businesses performing Delivered on our FY22 Margin expansion across all divisions priorities across the Restored Australia Home Loan momentum Group Costs well managed Strong portfolio credit quality, well capitalised COMPLETE CONTINUE Strongly positioned to navigate and outperform through the cycle Continuing to execute our strategy; with clear priorities for the year ahead Well diversified balance sheet Benefiting from portfolio repositioning over the last five years Clear focus on priorities aligned to growth and productivity 21 21#23ANZ 2022 Full Year Results 2022 FINANCIAL PERFORMANCE CASH CONTINUING INCLUDING LARGE / NOTABLE ITEMS Full year Cash Profit Before Provisions, $m Cash NPAT, $m Cash ROE, % +7% +5% +47bps 8,369 8,396 8,968 6,198 6,515 9.9 10.4 3,758 6.0 FY20 FY21 FY22 FY20 FY21 FY22 FY20 FY21 FY22 Second half Cash Profit Before Provisions, $m Cash NPAT, $m +16% +9% 4,455 4,811 4,157 3,208 3,113 3,402 Cash ROE, % +77bps 10.2 10.8 10.0 2H21 1H22 2H22 2H21 1H22 2H22 2H21 1H22 2H22 22 222#24ANZ 2022 Full Year Results CASH PROFIT PERFORMANCE CASH CONTINUING INCLUDING LARGE / NOTABLE ITEMS 2H22 vs 1H22, $m 1. 3,113 -72 1H22 2H22 -41 -113 902 -21 -61 3,402 -340 -119 1H22 Large / Notable items Income BAU expenses (Run the bank) Investment (Change the bank) Provisions Tax & NCI 2H22 Profit before provision and income tax Cash profit ↑ 9% Cash profit (ex L/N) ↑11% PBP1 (ex L/N) ↑ 20% 23#25ANZ 2022 Full Year Results REVENUE GROWTH CASH CONTINUING EXCLUDING LARGE / NOTABLE ITEMS Group Revenue performance, 2H22 vs 1H22 $m 213 8,679 Revenue ↑10% Divisional performance, 2H22 vs 1H22 Revenue growth 6% 20% 10% 12% 234 9,581 Aus. Retail Aus. Comm. Institutional¹ 455 New Zealand (NZD) Net Loans & advances growth 7% 4% 2% 1% Aus. Retail Aus. Comm. Institutional¹ New Zealand (NZD) ~50% lending / transaction volumes; ~50% margin Risk Adj. NIM growth 141bps 63bps 34bps 19bps Aus. Retail Aus. Comm. Institutional 1,2 1H22 Volume Margin Other operating income 2H22 New Zealand (NZD) 1. FX adjusted 2. Excluding Markets 24#26ANZ 2022 Full Year Results NET INTEREST MARGIN EXPANSION CASH CONTINUING INCLUDING LARGE / NOTABLE Group NIM, bps 158 -9 17 -1 -1 NZ Retail -3 TDs 2 Aus. Retail -5 At-Call 15 Aus. Commercial -1 ས 7 171 -3 Exit margin (Sep 22 month) 1.80% 168 1H22 Asset pricing Deposit pricing and wholesale funding Asset and funding mix Liquidity Capital and 2H22 underlying replicating portfolio Markets Balance Sheet activities 2H22 25#27ANZ 2022 Full Year Results CUSTOMER DEPOSIT PORTFOLIO CONTRIBUTION TO NIM EXPANSION Deposit portfolios excluding Replicating balances1, $b 537 521 Group NIM movement contributions in 2H222 Term Deposits 37% 35% Business At-Call Deposits 35% 35% Retail At-Call Deposits 30% 28% Mar 22 Sep 22 ^ Term Deposits +2bps Business At-Call Retail At-Call +8bps +7bps || Group total +17bps Non-AUD AUD Non-AUD AUD Non-AUD AUD Non-AUD AUD Details on the Capital and Replicated deposit portfolio are contained on page 54 of the Investor Discussion Pack 1. End of period balances. Excludes deposits from Banks 2. Classification of Business At-Call and Retail At-Call are based on internal segmentation. Basis point change (bps) refers to impact on 2H22 Group NIM relative to 1H22 26#28ANZ 2022 Full Year Results NIM OUTLOOK CONSIDERATIONS Tailwinds Headwinds • • Higher capital & replicated deposit earnings Rising rate environment Increasing mix of variable rate home loan flows Lending and deposit competition Deposit mix changes (At-Call to TD shift) "We expect the environment will continue to be supportive for margins in the first half, although any change from the exit margin is likely to be more modest" Higher wholesale costs (including wider spreads and TFF replacement across sector) This page may contain forward-looking statements or opinions. Please refer to ANZ's Disclaimer and Important Notice with respect to such statements on page 1 27 22#29ANZ 2022 Full Year Results OTHER OPERATING INCOME GROWTH CASH CONTINUING EXCLUDING LARGE / NOTABLE ITEMS & MARKETS INCOME Other operating income, $m Net fee & commission income¹, $m 1,360 1,312 1,305 Australia Retail² Australia Commercial 136 87 75 1,180 333 289 188 166 72 168 268 226 66 148 159 153 160 165 103 105 74 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 Institutional New Zealand, NZD 998 932 953 307 869 263 266 266 238 243 226 237 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 Net fee and commission income Share of associates profit FX earnings Other 1. Excludes Pacific/other (1H21: $10m; 2H21: $11m; 1H22: $11m; 2H22: $3m) 2. FY22 impacted by Breakfree package fee changes, partly offset by higher cards revenue 28#30ANZ 2022 Full Year Results MARKETS INCOME DIVERSIFICATION, IMPACT FROM GLOBAL EVENTS CASH CONTINUING EXCLUDING LARGE / NOTABLE ITEMS Customer franchise income, $m Total Markets income, $m 1,012 930 21 7 812 741 589 590 402 561 445 223 206 32 53 53 139 478 30 589 590 561 478 60 43 111 181 32 128 123 367 324 279 263 1H21 2H21 1H22 2H22 Commodities Rates Foreign exchange Credit and Capital Markets -26 1H21 2H21 1H22 Customer franchise income Balance sheet 2H22 Derivative Val/n adj. Markets impacted by four extreme conditions across FY22: • Oct 21 - Rate shock Feb 22 - Russia / Ukraine conflict commences July 22 - Credit and volatility correlation breakdown Sep 22 - UK currency and bond crisis 29#31ANZ 2022 Full Year Results RUN THE BANK EXPENSE UPLIFT OFFSET BY PRODUCTIVITY ACTIONS CASH CONTINUING EXCLUDING LARGE / NOTABLE ITEMS (FX ADJUSTED) Half on half 1$m Full Year run the bank expense uplift and productivity outcomes¹, $m 289 Run the bank expenses broadly flat, in line with 3Q22 trading update 164 guidance 3,657 3,672 1H22 2H22 BAU (Run the bank) 1. Excludes investment spend and Cash Rewards Expense uplift Inflationary pressures Salary and wages (tight labour market and attracting talent), software and rent Volume related spend 100 25 FY22 vs FY21 Home loan growth, Commercial banking and back-office processing Other -261 -64 -71 -97 -29 FY22 vs FY21 + Productivity, with examples Changes to coverage models and distribution channels • 20% reduction in over-the-counter transactions in Australia this year Back and middle office automation & simplification . Digitised >4.5m Retail customer communications, delivering simpler and faster customer experiences Technology modernisation 31% of apps now on Cloud resulting in improved resilience, more efficient software spend and better capacity management ← Property & enablement • 20% reduction in our own corporate footprint in Australia 30#32ANZ 2022 Full Year Results INVESTMENTS SHIFTING IN LINE WITH PRIORITIES CASH CONTINUING INCLUDING LARGE / NOTABLE ITEMS Total Investment Spend, $m Capitalised Software Balance¹, $b This 1. 79% expensed 87% expensed Estimated share of investment spend in FY23 3.0 2,173 ~30% 1,810 25% 2.5 22% 2.0 ~30% 27% 24% 1.5 ~35% 47% 43% 1.0 ~5% Avg amortisation period of 2.5 years, down from 4.9 years in FY15 0.5 FY12 FY14 FY16 FY18 FY20 FY22 /1H22 ANZ Peer 1 Peer 2 Peer 3 7% FY21 5% FY22 Asset Lifecycle Mgmt Productivity & Simplification Regulatory, Compliance & Risk Growth page may contain forward-looking statements or opinions. Please refer to ANZ's Disclaimer and Important Notice with respect to such statements on page 1 Source: Capitalised software balances sourced from publicly available company financials. Peer FY22/1H22 numbers are based on the most recently disclosed financial disclosures 31#33ANZ 2022 Full Year Results CONTINUED DISCIPLINED MANAGEMENT OF EXPENSES CASH CONTINUING EXCLUDING LARGE / NOTABLE ITEMS Total expenses, FY22 vs FY21 $m 8,589 This 1,289 20 20 8,609 1,288 7,300 7,321 Flat run the bank expenses 488 9,170 45 289 -261 Investment expensed rate of 87% (FY21: 79%), driving $148m increase 1,776 7,349 "Looking ahead, expense trends will be impacted by headwinds arising from wage and vendor cost inflation together with uplifts including the annualised impact of the Cashrewards acquisition and stranded costs post the formal separation of the Wealth business. We will maintain our relentless focus on productivity to help offset some of this impact. It is likely, however, that our total expenses excluding LNI of $9.17 billion will increase by ~5% in FY23 All else being equal, we expect revenue growth to be higher than cost growth in FY23" FY21 FX FY21 FX Adj. Cost uplifts Productivity Investment FY22 BAU (Run the bank) Investment (Change the bank) Cashrewards page may contain forward-looking statements or opinions. Please refer to ANZ's Disclaimer and Important Notice with respect to such statements on page 1 32 32#34ANZ 2022 Full Year Results LOW PROVISION CHARGE, CP BALANCE REMAINS ABOVE 2019 LEVELS Provision charge, $m Individual provision charge Collective Provision (CP) balance, $m 398 626 395 3,376 104 -106 187 2,340 807 592 500 69 69 80 -930 87 -8 375 266 3,272 247 168 158 175 93 80 103 54 51 -214 -227 -274 -280 -268 -300 -352 885 +65% 628 3,853 727 3,126 2H19 1H20 2H20 1H21 2H21 1H22 2H22 Sep 19 FX & other Portfolio CP post movements portfolio mvmt. ECL scenarios & weights² Overlays Sep 22 New IP Increased IP Writebacks & Recoveries IP Modelled ECL 2H19 1H20 2H20 1H21 2H21 Additional overlays 1H22 2H22 CP charge Total charge 4 1,048 669 -678 -145 -371 402 1,674 1,064 -491 -76 -284 60 52 Further details on the Collective Provision balance and Expected Credit Loss scenarios are contained in the Risk Management section of the Investor Discussion Pack 1. Includes volume mix and change in risk 2. ECL: Expected Credit Loss 33#35ANZ 2022 Full Year Results CHANGES TO CP BALANCE REFLECT THE UNCERTAIN ENVIRONMENT Collective Provision (CP) balance and movement, $m 3,757 -332 278 2,869 -556 Predominantly COVID-19 overlays +34% 670 36 3,853 3,853 727 2,103 of 1,376 mgmt. adjustments Predominantly economic overlays Expected Credit Loss (ECL) scenarios², $m 6,951 1,750 1,423 3,239 1,750 Probability weighting 0% 45% 40% 15% Mar 22 Portfolio Overlays Initial Scenario Overlays mvmts. & balance weights¹ FX Sep 22 Sep 22 100% upside 100% base case 100% downside 100% severe ECL Overlays Scenarios & weights 100% Base Case Aus. peak impacts of economic scenarios Unemployment Peak over 3 years Resi. Property prices Peak³ to trough drop GDP Lowest over 3 years Base case Downside 3.6% 6.4% Severe 10.8% -17% -28% -41% 1.4% -0.5% -2.8% 1. Further details on the Collective Provision balance and Expected Credit Loss scenarios are contained in the Risk Management section of the Investor Discussion Pack Includes impacts of model changes 2. 3. The Downside Scenario is specified in terms of an index of economic stress. The economic variables shown represent a characterisation of the scenario to facilitate comparison Peak based on June 2022 quarter 34#36ANZ 2022 Full Year Results DE-RISKING THE PORTFOLIO Group long run loss rate (Internal Expected Loss), % Credit risk weight intensity1, % Corporate & Specialised² 65 0.35 0.32 0.27 0.26 0.26 60 0.22 0.19 55 50 Sep 16 Sep 17 Sep 18 45 Sep 19 Sep 20 Sep 21 Sep 22 Sep 16 Sep 17 Sep 18 Sep 19 Sep 20 Sep 21 Sep 22 Australia Commercial Security profile³, % of Exposure at Default Sovereign & Bank² 20 4% 14% 6% 5% 5% 13% 3% 5% 13% 3% 5% 12% 15 10 76% 77% 79% 80% 5 Mar 21 Fully Secured Sep 21 Partially Secured 0 Mar 22 Sep 22 Sep 16 Sep 17 Sep 18 Sep 19 Sep 20 Sep 21 Sep 22 Unsecured Other 1. Credit Risk Weighted Assets as a % of Exposure at Default 2. As reported in APS330 35 3. Excludes the Merchants divested business results; prior periods have been restated to be on a comparable basis where relevant. Fully Secured on a market value basis. Other includes loans secured by cash or via sovereign backing#37Fixed rate home loan expiry profile, $b AUSTRALIA HOME LOANS PORTFOLIO RESILIENCE ANZ 2022 Full Year Results Home Loans repayment profile 1,2, % of accounts ahead of repayments 40 33% 30 14 20 27 21 21 18 11 11 10 0 Sep 20 Sep 21 Overdue On Time <1 month 1-3 3-6 6-12 ahead months months months ahead ahead ahead Sep 22 1-2 years >2 years ahead 1H22 2H22 1H23 2H23 1H24 2H24 >2H24 ahead Dynamic LVR based on portfolio balances 1,3,% 60 60 40 40 20 20 Expired Scheduled expiry Offset account balances, $b 38 39 35 36 32 27 27 28 0 0-60% 61-75% 76-80% 81-90% 91-95% 96-100% 100%+ Mar 19 Sep 19 Mar 20 Sep 20 Mar 21 Sep 21 Mar 22 Sep 22 Sep 20 Sep 21 Sep 22 1. Includes Non Performing Loans 2. 3. % of Owner Occupied and Investment Loans that have any amount ahead of repayments. Excess repayments based on available redraw and offset. Excludes Equity Manager Accounts Includes capitalised LMI premiums and excludes offset balances, accounts with a security guarantee and unknown DLVR. Valuations updated to Aug 22 where available 4. Offset balances reflect only those balances linked to HLs accounts, restated to exclude balances in offset accounts which are no longer linked to an active HL account 36#38ANZ 2022 Full Year Results CAPITAL, FUNDING AND LIQUIDITY 1. APRA Level 2 CET1 Ratio, % 11.53 11.08 -0.03 -0.03 Modest capital usage from underlying RWA growth in Q4 0.50 0.77 12.29 ~11.1 ~ -1.2 Mar 22 Jun 22 Non-CRWA (incl. IRRBB) CRWA 4Q22 cap. gen. & other Capital raising Sep 22 Suncorp Bank Acq. Sep 22 Pro forma Pro-rata, Accelerated, Institutional, Tradeable, Renounceable, Entitlement Offer $3.5b equity raise Successful raise in challenging market conditions Fair and equitable raise for all shareholders via PAITREO1 Balance of the Suncorp Bank acquisition from existing capital Capital reforms Progressed implementation of APRA & RBNZ reforms Funding & Liquidity Strong liquidity and funding ratios (NSFR, LCR) Manageable replacement of Term Funding Facility (TFF) and immaterial Committed Liquidity Facility (CLF) of $2.7b Interest Rate Risk of TFF is hedged and consequently cost increases as OCR increases 37#39ANZ 2022 Full Year Results SUMMARY We have delivered on our five priorities across the Group in FY22 Strongly positioned for the cycle - navigating risks and capturing new opportunities B Continuing to execute our strategy; with clear priorities for year ahead Home loans momentum restored - maintain focus on margins going forward ANZ Plus launched - focus on value creation Expenses well managed - continue to build on proven productivity DNA to deliver offsets to the extent possible Investment spend shifted - continue to shift to growth and productivity while managing regulatory and compliance effectively High quality book established - continue to protect our position and mitigate tail risk Suncorp Bank acquisition announced - ensure robust integration and timely realisation of synergies 38#40ANZ 2022 FULL YEAR RESULTS INVESTOR DISCUSSION PACK#412022 FULL YEAR RESULTS CORPORATE OVERVIEW INVESTOR DISCUSSION PACK#42ANZ 2022 Full Year Results OUR PURPOSE & STRATEGY Our purpose is to shape a world where people and communities thrive. It explains 'why' we exist and drives everything we do at ANZ, including the choices we make each day about those we serve and how we operate. We bring our purpose to life through our strategy; to improve the financial wellbeing and sustainability of customers through excellent services, tools and insights that engage and retain them, and help positively change their behaviour. Through our purpose we have elevated areas facing significant societal challenges aligned with our strategy and our reach which include commitments to: • Improving the financial wellbeing of our people, customers and communities by helping them make the most of their money throughout their lives; Supporting household, business and financial practices that improve environmental sustainability; and Improving the availability of suitable and affordable housing options for all Australians and New Zealanders. In particular, we want to help customers: A Save for, buy and own a liveable home + Start or buy and sustainably grow their business + Move capital and goods around the region and sustainably grow their business 41#43ANZ 2022 Full Year Results THE BANK WE'RE BUILDING 'We are the Bank for those in Australia & New Zealand who want 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' 'We work with the best partners to offer competitive and engaging solutions that make our customers' lives easier. We build loyalty by improving our customers' financial wellbeing and helping them run their businesses more sustainably' 'We embrace a world of constant change, by building a nimble, resilient organisation capable of anticipating needs, creating opportunities, and delivering what matters, quickly and safely' Giving our customers access to Propositions our customers love Flexible digital banking Platforms Purpose and values-led People Partnerships that unlock new value 42#44ANZ 2022 Full Year Results THE BANK WE'RE BUILDING Eight goals aligned with our business model 1. 2. We support a higher share of customers in our target segments Our customers have greater financial wellbeing over their lifetime, and implement more sustainable business practices than others 3. 4. Our customers are more engaged, more loyal and avail themselves of more of the right products and services than those banking with peers We serve our customers more efficiently and our systems are safer and more reliable Better access to capital and talent, driving greater capacity to invest Value Creation Model Better customer propositions: 'purposeful', engaging, efficient and 'safe' 5. We attract and retain more of the people with the skills required to reinvent banking, in line with our purpose and culture Better financial outcomes 6. We generate stronger long-term financial results (in terms of sustainable economic profits) than our peers, which is reflected in our valuation 7. Our reputation with customers, community, potential employees and regulators is better, both absolutely and relative to (domestic) competitors (existing and emerging) Better acquisition & retention, higher share of target customers 8. Our practices and services provide more opportunity for the community and we have supported and improved positive economic development and transition Customers will have better financial wellbeing, more sustainable practices and generate higher life-time value for shareholders Better financial wellbeing & sustainability outcomes More engaged workforce Better data, risk decisions and pricing Higher customer engagement, greater use of our products and services 43#45ANZ 2022 Full Year Results ANZ PLUS - TAILORED TO CUSTOMERS' NEEDS Delivering better propositions... ANZ Plus customer propositions A mobile-first, human supported distribution model and lower cost of operations Better technology to enable fast, resilient and responsive change ...with targeted features customers love 9:41 Everyday Savings Total Saved $18,622.38 $123.45 interest earned in total Savings Jar Rainy Day $3,672.38 $2,250.00 Home Deposit + $12,700.00 Add a Savings Goal A purpose- driven, customer centric culture Today ☐ 阿 Money Payments Card Support Transact & Save features already driving customer engagement: Know where my money is going: Expense Insights & Prediction | see regular expenses, before they occur Multi Goal Savings | save for up to 99 goals with one account Personal Insights | see I am Spending Less than I Earn, where my money goes, and more Ditch my wallet | start using my digital card immediately Safe & secure | Advanced biometric security, dynamic CVV and more 44#46ANZ 2022 Full Year Results ANZ PLUS - DELIVERING COMPELLING CUSTOMER PROPOSITIONS AT A MUCH FASTER RATE Traditional banking >New digital backbone and capabilities technology • Complex systems landscape, limited flexibility, slow speed of development, high cost Product-focused teams, smaller share of engineering vs business FTEs ANZ Plus Technology Stack Distribution, e.g. identity and access management Data and Analytics, e.g. financial insights Sales and Service, e.g. credit decisioning Cross Product, e.g. rewards & loyalty Customer Communication Document Management Integration, e.g. API catalogue Products/Payments Implemented 20 new cloud- based platforms including: • . Banking services platform (rapid delivery of new features) CRM platform (360° view of customer) Product management platform (reduces # of products, product time to market) • Controls platform Open and adaptable system architecture with high degree of flexibility (via cloud, APIs) ~150 re-usable business services delivered that will drive roll-out of customer propositions To deliver compelling customer propositions Transact & Save proposition in market, driving customer acquisition and engagement, and rapidly delivering new features 2024+ 2023 2022 ဝ Home Loans beta release Home Loans MVP Scale existing propositions and roll out Credit Cards, Personal Loans 45#47ANZ 2022 Full Year Results 1835i BUILDING | INVESTING | PARTNERING 俗 Home owners lendi ONETWO ANZ EXTERNAL INNOVATION AND VENTURE CAPITAL PARTNER Leading online home loan origination platform Businesses owners aider Challenger lender for digital home loans weel M PROPPS Digital real estate offer management platform for agents, buyers and sellers Valiant Al-based digital business assistant to provide insights for small businesses All-in-one virtual business card and expense management platform Business loan marketplace ही Innovating financial services Airwallex bud. C CASHREWARDS™ DataCo Slyp Global financial infrastructure providing FX & payment solutions to companies Open Banking infrastructure layer for banks and fintechs Rewards platform enabling consumers to get cash back on purchases with participating retailers Collaboration platform addressing how organisations safely connect on customer data Interactive smart receipts technology Delivering strategic value for ANZ and its customers through investing in, building and partnering with businesses that are transforming financial services. 46 46#482022 FULL YEAR RESULTS GROUP PERFORMANCE INVESTOR DISCUSSION PACK#49ANZ 2022 Full Year Results SHAREHOLDER RETURNS Dividend Per Share (DPS), cents 160 80 60 80 60 160 80 80 60 FY18 Interim Final 1. As reported 2. Basis: Cash Profit 60 50 35 55 146 142 72 12 70 70 Share price, $ 28.2 28.5 28.2 22.8 17.2 2019 2020 2021 2022 Share price close (last trading day in September of the financial year) 2018 74 0.6% 9.2% TOTAL SHAREHOLDER RETURNS1 -36.9% 70.7% -14.0% 72 22 Dividend Payout Ratio (DPOR)², % 80 78 65 86 54 54 43 62 67 64 65 55 65 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 First half Second half 25 48#50ANZ 2022 Full Year Results BALANCE SHEET COMPOSITION Exposure at default¹, EOP $b Risk weighted assets, EOP $b Net loans & advances, EOP $b Customer deposits, EOP $b 672 620 1,152 455 611 651 0% 438 2% 594 1% 1% 1,103 630 1% 1,080 7% 416 2% 614 1% 0% 562 1,045 8% 408 15% 7% 2% 15% 0% 18% 1% 16% 6% 2% 12% 16% 20% 16% 20% 14% 17% 20% 17% 13% 14% 16% 29% 27% 24% 25% 44% 45% 43% 43% 42% 43% 42% 41% 12% 7% 7% 6% 6% 12% 13% 12% 9% 9% 9% 9% 47% 45% 44% 43% 31% 30% 29% 29% 27% 27% 27% 28% 42% 40% 40% 40% 19% 18% 19% 19% 24% 24% 24% 24% Mar 21 Sep 21 Mar 22 Sep 22 Mar 21 Sep 21 Mar 22 Sep 22 New Zealand Other Mar 21 Sep 21 Mar 22 Sep 22 Mar 21 Sep 21 Mar 22 Sep 22 Australia Retail Australia Commercial Institutional 1. EAD excludes amounts for 'Securitisation' and 'Other Assets' Basel classes, as per APS330. Data provided is on a Post CRM basis, net of credit risk mitigation such as guarantees, credit derivatives, netting and financial collateral Basis: Continuing Operations 19 49#51ANZ 2022 Full Year Results NET LOANS AND ADVANCES Australia Retail, $b Australia Commercial, $b New Zealand, NZDb Institutional, $b +2% +4% +1% 284 285 290 60 57 58 139 140 ·6' '6' 6 -1. -1 2 135 278 278 284 17 18 40 40 +12% 197 175 41 38 37 20 20 158 39 34 1 2 27 2 135 123 114 100 101 39 39 94 17 18 21 Sep 21 Mar 22 Sep 22 Sep 21 Mar 22 Sep 22 Sep 21 Mar 22 Sep 22 Sep 21 Mar 22 Sep 22 Other Retail Central Functions Business Markets Housing Specialist Business Other Personal Corporate Finance Basis: Continuing Operations SME Banking Home Loans Transaction Banking 50#52ANZ 2022 Full Year Results CUSTOMER DEPOSITS CONTINUING OPERATIONS Australia Retail, $b Australia Commercial, $b New Zealand, NZDb Institutional, $b +2% 0% +6% -4% 147 141 150 116 108 108 259 111 112 102 19 240 -2- 244 -1- 2- 41 43 21 21 39 36 40 34 40 106 103 102 14 16 16 63 99 66 65 55 67 62 62 62 21 62 222 22 22 37 21 28 47 50 46 114 112 115 28 30 29 23 23 26 26 Sep 21 Mar 22 Sep 22 Sep 21 Mar 22 Sep 22 Sep 21 Mar 22 Sep 22 Sep 21 Mar 22 Sep 22 Offset Savings Term Deposits Transact Term Deposits Transact Savings Term Deposits Savings Transact Other Term Deposits Markets Payments & Cash Mgmt Basis: Continuing Operations 51#53ANZ 2022 Full Year Results TOTAL OPERATING INCOME CONTINUING OPERATIONS Total income by division, $b Net interest income by division, $b Other operating income, $b 9.6 7.8 1.8 1.8 1.8 0.3 0.1 0.1 0.1 0.1 9.0 8.9 7.2 7.1 1.4 8.4 0.3 0.2 7.0 0.1 0.1 0.1 0.1 0.0 0.2 0.0 1.7 1.9 0.3 1.7 1.8 1.5 1.6 1.4 1.5 1.8 2.6 1.0 2.5 2.4 1.5 1.6 1.1 1.6 2.5 1.0 10 1.0 1.4 1.1 1.2 1.2 1.4 1.6 1.6 1.3 0.6 0.5 0.5 0.4 2.9 2.8 2.7 2.8 3.2 3.2 2.9 3.0 1H21 2H21 1H22 2H22 Australia Retail Institutional Other Australia Commercial New Zealand 1H21 2H21 1H22 2H22 -0.2 1H21 2H21 1H22 2H22 Australia Retail Institutional Other Markets Other Australia Commercial New Zealand Fee & comm. Share of associates' profit/(loss) 52 2#54ANZ 2022 Full Year Results REPORTED GROUP NET INTEREST MARGIN TREND¹ bps 240 220 200 180 160 140 120 100 80 60 40 20 0 1H12 2H12 1H13 2H13 1H14 2H14 1H15 2H15 1H16 2H16 1H17 2H17 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 Basis: Cash Profit, Continuing Operations Flat or declining AUD Official Cash Rate throughout this time period 1. Group Net Interest Margin for each Half Year as reported in the original Full Year Results Announcement for each financial year 53#55ANZ 2022 Full Year Results ILLUSTRATIVE CAPITAL AND REPLICATED DEPOSIT PORTFOLIO BENEFITS FROM INCREASING AUD, NZD, USD RATE ENVIRONMENT Portfolio Balance, EOP $b Portfolio interest earning rates impact³ Illustrative potential NII benefit 142 141 Sensitive to short 30 37 term interest rates¹ Sensitive to longer term interest rates² 111 105 Mar 22 Sep 22 2.4% PROSPECTIVE BENEFIT FROM HIGHER INTEREST EARNING RATES 0.2% Further benefits are dependent on future central bank rate decisions Mar 22 monthly earning rate Sep 22 monthly earning rate Relative to 12 months ended Sep 2022 In Year 1 (FY23) In Year 3 (FY25) Additional NII earned ~+$1.5b ~+$3.2b 1.5% 1.3% Further benefits of higher current term interest rates will be seen progressively as maturities are gradually reinvested over next 5 years. Step-up is non-linear. Delta on Group NIM ~+17bps ~+34bps Mar 22 monthly earning rate Sep 22 monthly earning rate This page may contain forward-looking statements or opinions. Please refer to ANZ's Disclaimer and Important Notice with respect to such statements on page 1 1. Overnight to 3 month interest rates 2. Primarily 3-to-5-year term interest rates 3. Mar 22 and Sep 22 Month rates denote actual portfolio monthly earnings rate achieved 4. Future years illustration highlights the potential impact on NII assuming current longer term reinvestment rates are maintained, and shorter-term interest rates follow the path currently forecast by ANZ Research (as at 25 October 2022). Rate timing and magnitude outlined on page 55. Key assumptions: Stable FX rates; Replicating and Capital Portfolio construct remains at current levels in terms of volumes, regions and tenor mix; benefits relate only to Capital and Replicating portfolio. This is a simplified analysis and does not capture the impact of any additional management actions, competitive pressures or other uncertainties 54#56ANZ 2022 Full Year Results INTEREST RATE SENSITIVITY Illustrative path & magnitude of movements Short term interest rate outlook - based on ANZ research forecasts¹ Interest Rate Forecasts (%) Dec 22 Mar 23 Jun 23 Sep 23 Dec 23 Mar 24 Jun 24 RBA Cash Rate 2.85 3.35 3.60 3.60 3.60 3.60 3.60 NZ OCR 4.25 5.00 5.00 5.00 5.00 5.00 5.00 US Fed Funds Rate² 4.25 4.75 5.00 5.00 5.00 5.00 5.00 Current term interest rates earned on maturing capital and replicating portfolio tranches Term Interest Rates¹ (%) AUD 5 year NZD 3 year NZD 5 year USD 1 year 1. Effective as at 25 October 2022 2. For the US, the rate is the ceiling of Fed Fund's corridor Current 4.34 5.11 4.97 4.93 55#57ANZ 2022 Full Year Results EXPENSE MANAGEMENT Total expenses by division, $b Total expenses by category, $b Full time equivalent staff, '000s 4.8 4.8 4.8 4.8 4.6 4.6 4.5 4.5 0.5 0.7 0.5 0.5 90 0.6 0.7 20 0.7 39.7 1.1 37.8 1.1 39.5 1.1 39.0 1.1 0.9 0.9 0.8 0.9 10.5 10.2 10.1 0.6 0.0 0.1 9.6 0.1 0.0 0.8 0.8 0.8 0.8 1.2 1.3 0.3 1.3 1.2 33 0.4 0.4 0.7 0.7 0.7 0.7 1.7 1.4 1.5 1.5 1H21 2H21 1H22 2H22 7.1 7.0 6.9 0.4 6.7 6.2 6.2 6.1 6.2 3.1 2.8 2.8 3.0 2.7 2.6 2.4 2.5 11.4 11.8 12.1 11.8 1H21 2H21 1H22 2H22 Mar 21 Sep 21 Mar 22 Sep 22 Australia Retail Institutional Other Australia Commercial Basis: Continuing Operations New Zealand Personnel Premises Technology Restructuring Other Australia Retail Australia Commercial Institutional New Zealand Group Centre Pacific 56#58ANZ 2022 Full Year Results RISK ADJUSTED PERFORMANCE Group¹ Australia Retail Australia Commercial Institutional¹ New Zealand Net interest income/ average Credit Risk Weighted Assets (CRWA), % 6.15 6.16 6.18 5.98 4.64 4.18 4.30 4.22 7.05 5.51 5.65 4.92 5.78 4.93 5.07 5.12 2.35 1.97 2.03 2.02 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 Average Credit Risk Weighted Assets (CRWA), $b 316 312 318 322 94 92 91 91 114 113 120 127 45 43 57 58 59 57 41 40 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 Basis: Continuing Operations 1. Ex Markets business unit 57#59ANZ 2022 Full Year Results RISK ADJUSTED RETURN Group Australia Retail Australia Commercial Institutional New Zealand Profit before provisions / average total Risk Weighted Assets (RWA), % 3.06 2.81 2.69 2.67 2.44 2.16 2.15 2.29 1.87 1.95 3.71 3.44 1.41 1.49 1.44 1.29 3.51 3.04 2.93 3.01 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 Average total Risk Weighted Assets (RWA), $b 445 422 411 427 112 110 115 122 54 52 42 179 170 180 192 62 52 53 99 66 69 71 70 70 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 Basis: Continuing Operations 58#60ANZ 2022 Full Year Results LARGE / NOTABLE ITEMS Customer Remediation, $m Continuing Operations Pre-Tax 485 119 352 29 86 254 Large / Notable items, $m Cash Profit Business divestments/closures FY21 1H22 2H22 FY22 (854) (41) (113) (154) (146) 249 (6) 243 Customer remediation and Litigation (269) (133) (43) (176) $662m provisions on Balance Sheet Restructuring (92) (31) (37) (68) 110 84 173 166 337 32 129 56 100 22 18 6600 161 22 22 Asian associate items and M&A related costs (347) 30 38 Withholding tax 22 36 67 156 148 138 51 19 42 13 22 92 93 93 12 71 Lease modification 35 36 42 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 Net Interest Income Other Operating Income Expenses (126) (10) (10) (126) (17) (17) 59#612022 FULL YEAR RESULTS ENVIRONMENT, SOCIAL & GOVERNANCE (ESG) INVESTOR DISCUSSION PACK#621. ANZ 2022 Full Year Results BOARD & EXECUTIVE COMMITTEES Board Ethics, Environment, Social and Governance Committee (EESG)¹ 34% Governance 19% How We Bank Purpose: oversee measures to advance ANZ's purpose, focusing on ethical, environmental, social and governance matters 17% Our Priority Areas Ethics and Responsible Business Management Committee (ERBC)1 24% 16% Governance Who We Bank 14% How We Measure & Communicate Indicative agenda and topics covered. FY22 to date (October 2021 to September 2022) 28% How We Bank 17% Who We Bank Purpose: seeks to ensure ANZ operates responsibly and achieves fair, ethical and balanced stakeholder outcomes 7% How We Measure & Communicate 24% Our Priority Areas 19 61#63ANZ 2022 Full Year Results OUR FY22 ESG PERFORMANCE AGAINST TARGETS Financial Wellbeing Improving the financial wellbeing of our people, customers and communities by helping them make the most of their money throughout their lives TARGET PERFORMANCE Support 1.3 million customers to save regularly, by end 2022 (Australia/New Zealand) Since October 2021, we have supported nearly 1.5 million customers to save regularly, including through: Delivery of Your Money Report into ANZ App and internet banking (Australia) Saver Plus, ANZ's matched savings program delivered in conjunction with community partners (Australia) Delivery of a savings campaign that encouraged active savings habits of regular deposits into customers savings accounts (New Zealand) Publish Adult Financial Wellbeing Research to inform our product design and financial literacy program delivery, by end 2022 10 • The triennial Adult Financial Wellbeing Survey and related communications were published in December 2021 We continue to share survey insights with key internal stakeholders and external stakeholders 17 PARTNERSHIPS FOR THE GOALS Our ESG targets support 12 of the 17 United Nations Sustainable Development Goals This year we have achieved or made good progress against 63% of our targets, and set refined targets against 37% See our 2022 ESG Supplement for the complete suite of FY22 ESG targets and details on full year performance (when released) Our 2022 Climate-related Financial Disclosures will be released prior to our Annual General Meeting (AGM) 62 2#64ANZ 2022 Full Year Results OUR FY22 ESG PERFORMANCE AGAINST TARGETS Environmental Sustainability Supporting household, business and financial practices that improve environmental sustainability TARGET PERFORMANCE 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$40.04 billion towards the target, of which AU$25.79 billion is funded and AU$14.24 billion is facilitated Engage with 100 of our largest emitting business customers to encourage them to, by end 2024: strengthen their low carbon transition plans so that more customers achieve a 'well developed' or 'advanced' rating; and enhance their efforts to protect biodiversity Engagement with 100 of our largest emitting business customers has continued This year we broadened our engagement to include a focus on biodiversity, encouraging and supporting 100 of our largest emitting business customers to identify and manage their potential impacts and dependencies on biodiversity Customers continue to value our engagement on this topic, and our perspectives See our 2022 ESG Supplement for the complete suite of FY22 ESG targets and details on full year performance (when released) Our 2022 Climate-related Financial Disclosures will be released prior to our Annual General Meeting (AGM) 12 itte 19 8 15 13 12 RESPONSIBLE AND PRODUCTION 13 10 11 ATOMASZ VA 63#65ANZ 2022 Full Year Results OUR FY22 ESG PERFORMANCE AGAINST TARGETS Environmental Sustainability Supporting household, business and financial practices that improve environmental sustainability TARGET PERFORMANCE 1. 2. Develop an enhanced climate risk management framework that strengthens our governance and is responsive to climate change, by end 2022 We have continued to improve our management of climate risks within our risk management framework through workstreams focused on regulatory monitoring, policy and processes, risk appetite, data and analytics through: Reviewing and assessing current and emerging regulatory requirements across the jurisdictions in which we operate • • • Refining our Risk Appetite Statements for Institutional and including climate risk in lending criteria documents in the Australia Retail, Commercial and New Zealand portfolios Participating in the Australia Prudential Regulation Authority (APRA) Climate Vulnerability Assessment, which assessed the potential impact of physical and transition risks to parts of our Australian mortgages and business lending portfolios Reduce the direct impact of our business activities on the environment¹ increasing renewable energy use to 100%² by 39% of energy consumption associated with our operations is from existing renewable energy projects 2025 BUMATE 13 See our 2022 ESG Supplement for the complete suite of FY22 ESG targets and details on full year performance (when released) Our 2022 Climate-related Financial Disclosures will be released prior to our Annual General Meeting (AGM) Environmental reporting year is 1 July to 30 June, in line with the Australian regulatory reporting year. Self-generated renewable electricity, direct procurement from offsite grid-connected generators e.g. Power Purchase Agreement (PPA) and default delivered renewable electricity from the grid, supported by credible attributes in accordance with RE100 technical guidelines 64#66ANZ 2022 Full Year Results OUR FY22 ESG PERFORMANCE AGAINST TARGETS Housing Improving the availability of suitable and affordable housing options for all Australians and New Zealanders TARGET PERFORMANCE Fund & facilitate AU$10 billion of investment by 2030 to deliver more affordable, accessible and sustainable homes to buy and rent (Australia/New Zealand) Since October 2018, we have funded and facilitated over AU$4.4 billion to support the delivery of more affordable, accessible and sustainable homes to buy and rent INDUSTRY INNOVATION AND INFRASTRUCTURE Fair and responsible banking MORSALITIES 11 AND COMMUNITIES Keeping pace with the expectations of our customers, employees and the community, behaving fairly and responsibly and maintaining high standards of conduct TARGET PERFORMANCE Achieve the 17 actions in our Reconciliation Action Plan, by end 2024 (Australia) We made good progress against the 17 actions in our Reconciliation Action Plan, meeting 99% of commitments that fell due within 2022 See our 2022 ESG Supplement for the complete suite of FY22 ESG targets and details on full year performance (when released) Our 2022 Climate-related Financial Disclosures will be released prior to our Annual General Meeting (AGM) DECENT WORK AND 1 POVERTY 8ENOMIC GROWTH 10 REED QUALITIES PARTNERSHIPS 17 FOR THE COLLS 65#67ANZ 2022 Full Year Results OUR FY22 ESG PERFORMANCE AGAINST TARGETS Fair and responsible banking Keeping pace with the expectations of our customers, employees and the community, behaving fairly and responsibly and maintaining high standards of conduct TARGET Implement ANZ's new Customer Extra Care Framework, including enhanced training of 5,000 employees to build their capabilities with respect to identifying, supporting and referring impacted customers, by end 2022 (Australia) PERFORMANCE Enhanced training has been provided to more than 5,000 Australian employees through a combination of leader-led meetings and workshops to identify and support customers in need of extra care. Topics include family violence, elder financial abuse, interpreter services, gambling harm, supporting customers with disability and those experiencing bereavement 1 NO POVERTY *** Implement ANZ's new human rights grievance mechanism, and publicly report on complaints received under the mechanism, by end 2022 The grievance mechanism materials were made available on ANZ.com in November 2021. No complaints have been received to date DECENT WORK AND ECONOMIC GROWTH M Internal process documentation will be continually reviewed and refined See our 2022 ESG Supplement for the complete suite of FY22 ESG targets and details on full year performance (when released) Our 2022 Climate-related Financial Disclosures will be released prior to our Annual General Meeting (AGM) 99 66#68ANZ 2022 Full Year Results OUR ESG RELATED DISCLOSURES ANZ Personal Business Institutional Search Log in ESG Financial wellbeing Environment Housing Responsible banking Community Diversity & Inclusion Policies & Practices ESG reporting ESG Supplement About us / ESG Find ANZ Support Centre Our Environmental, Social and Governance (ESG) approach Our purpose at ANZ is to shape a world where people and communities thrive. We're focused on integrating our purpose and ESG approach into our business strategy. This has created opportunities for us to better serve our customers and generate long-term shareholder value. Our ESG approach is focused on three key areas - Financial Wellbeing, Environmental Sustainability and Housing - where we're responding to complex societal issues central to our customers and business strategy. These focus areas are underpinned by a commitment to Fair and Responsible Banking. Jump to Focus areas ESG targets More on sustainability ESG news Reporting Focus areas Financial wellbeing Improving the financial wellbeing of our customers, employees and the community at llange by helping them make the most of their money throughout their lives. More about financial wellbeing > Environmental sustainability Supporting household, business and financial practices that improve environmental sustainability. More about environmental sustainability > ESG information & progress against our ESG targets https://www.anz.com.au/about- us/esg/reporting/esg-reporting/ Human Rights Our approach to human rights Housing Improving the availability of suitable and affordable housing options for all Australians and New Zealanders. More about housing > Fair and responsible banking Keeping pace with the expectations of our customers, employees and the community, behaving fairly and responsibly and maintain high standards of conduct. More about fair and responsible banking > https://www.anz.com.au/about-us/esg- priorities/fair-responsible- banking/human-rights/ ESG Briefing Climate Change Disclosures Annual event to brief investors on ESG matters 2021 CLIMATE-RELATED FINANCIAL DISCLOSURES ANZ Climate change commitment and climate related financial disclosures 2022 ESG INVESTOR BRIEFING INVESTOR PRESENTATION AND REFERENCE PACK https://www.anz.com/content/dam/anzco m/shareholder/2022-ESG-investor- presentation-and-reference-pack.pdf https://www.anz.com.au/about-us/esg- priorities/environmental- sustainability/climate-change/ HOUSING AFFORDABILITY REPORT ComLege ANZ Housing ANZ-CoreLogic Housing Affordability Report, the pre- eminent guide to trends & drivers of housing affordability across Australia https://www.anz.com.au/about-us/esg- priorities/housing/ Financial Wellbeing MADROM YOR SHA BHT ROTADIGHI SEOS TEUDUA WE A Our financial wellbeing programs, incl. ANZ Roy Morgan financial wellbeing indicator https://www.anz.com.au/about-us/esg- priorities/financial-wellbeing/ 40 67#69ANZ 2022 Full Year Results OUR APPROACH TO CLIMATE ANZ's CLIMATE AMBITION To be the leading Australia and New Zealand-based bank in supporting customers to transition to net zero emissions by 2050 The opportunity The pathway to net zero emissions presents significant financing opportunities Our environmental sustainability strategy Support our customers in shifting to low carbon business models and operations through directing our finance, services and advice into key priority areas and sectors Our key focus areas to achieve our net zero ambition |000 |000 Help our customers and industries to transition Our Climate Change Commitment Align lending decisions to the Paris goals Engage constructively and transparently with stakeholders Reduce our own impact and emissions Our sensitive sector policies and screening tools Facilitated by... An integrated risk management approach Industry and product expertise Staff with deep understanding of climate risks and opportunities 68#70ANZ 2022 Full Year Results ALIGNING OUR LENDING TO THE PARIS AGREEMENT GOALS • First Australian bank to sign up to the Net Zero Banking Alliance (NZBA) On track to set 2030 targets for nine priority sectors in line with our NZBA commitment, aimed at ensuring at least 75% of our portfolio emissions are on a Net Zero pathway by end 2024 In 2021, set emissions intensity pathways and targets for power generation and large-scale commercial real estate Will release pathways and targets for oil and gas and building products this year prior to our Annual General Meeting (AGM) in December Our targets, pathways and disclosures demonstrate how we are aligning our lending to the Paris Agreement goals Our disclosure is TCFD¹ aligned, and our target setting guided by the Partnership for Carbon Accounting Financials (PCAF) standard Our 2022 Climate-related Financial Disclosures will be released prior to our AGM ANZ Climate Change Commitment Supporting our customers in the net zero transition To meet the Paris Agreement goals, significant greenhouse gas emission reductions are required across all sectors of the economy. Trillions of dollars are needed to invest in new and existing technologies for clean energy and sustainable infrastructure. The many financing opportunities linked to our business strategy will contribute to the achievement of the Paris Agreement goals and the transition to a net zero economy. The opportunities will also deliver appropriate returns for our shareholders. We want to be the leading Australia- and New Zealand-based bank in supporting customers' transition to net zero emissions by 2050. Our environmental sustainability strategy identifies priority sectors, technologies and financing opportunities to help achieve our ambition. ANZ has also joined the Net-Zero Banking Alliance (NZBA) reflecting our commitment with other leading banks globally to enable the transition by aligning our lending portfolio with net zero emissions. This commitment summarises our climate change approach and respective targets. Additional disclosures and policies are available at anz.com.au/about-us/esg! The opportunity: Society is responding to the shared task of creating a pathway to net zero emissions. To achieve the Paris Agreement goals, historic levels of investment and lending will be needed from businesses, governments and financial institutions. This creates significant financing opportunities for ANZ, which we will realize together with our customers. By anticipating changes to financial markets and financial systems we will seek to better manage climate risks and opportunities These changes include: regulatory expectations, including disclosure; + customer, shareholder and civil society expectations; and how climate risk is assessed managed and priced. We are responding to these changes and opportunities in four key areas: 1. SUPPORTING OUR CUSTOMERS AND INDUSTRIES TO TRANSITION The most important role we can play in enabling the transition to net zero is to support our customers to reduce emissions and enhance their resilience to a changing climate. We will achieve this by executing our environmental sustainability strategy and providing finance, services and advice that support customers to shift to low carbon business models and operations that put them on a path to net zero emissions. ANZ We support an orderly transition that recognises and responds to social, economic and environmental impacts of a net zero transition. This aligns with our purpose to shape a world in which people and communities thrive. To achieve this, we are: • Funding and facilitating AU$50 billion to support our customers to achieve improved environmental outcomes, including the reduction of their greenhouse gas emissions. This includes supporting increased energy efficiency, low-emissions transport, green buildings', reforestation, indigenous land management practices, renewable energy and battery storage, emerging technologies (such as carbon capture and storage, and hydrogen-based technology), disaster resilience and climate change adaptation measures Equipping our employees with a deeper understanding of climate risks and opportunities, including the potential of emerging technologies, focussing on our institutional bankers in key customer segments. This expertise will help us develop products and services to meet our customers' needs, for example in: -green, social and sustainability-linked loans and bonds - lending and advisory services to help our customers buy, sell and raise capital for renewable energy and other low- emissions projects - project finance to support the development of long-term sustainable infrastructure. 1. Not in this statement relates to net human-made amissions Includes facilitating concessional leam for business customers to buy energy-efficient equipment. Further details on that criteria and standards was qualifying activitiis sa tinu ESG Supplement: http://www.an.com.au/about-us/sg/reporting/ssg-reparting 32 will only finance the construction of new large-scale office buildings if they are highly energy efficient, and being built toether at least a NABERS (National Australian Built Envament Rating System) 5-linergy rating or Salar Green Star Dignaling (quivalent international raling. This is the same standard we apply for inclusion inout A550blon ang 4. A has allocated AUS billion of AUSSO billion large to supporting customer and commander secovery andninlerce. This may include encenative for weather-elated events or non-weather-related d 23 November 2021 1. Taskforce on Climate-related Financial Disclosures 69#71ANZ 2022 Full Year Results PRIORITY SECTORS: PROGRESS UPDATE - LARGE COMMERCIAL BUILDINGS EMISSIONS INTENSITY Commercial Real Estate - Shopping Centres GHG1 Intensity, kg CO2/m²NLA (Net Lettable Area) 80 60 40 40 20 0 2020 ANZ vs. target pathway - 12% Portfolio emissions intensity in the Commercial Building sector continues to reduce and we are below our 2030 target pathways Commercial building owners continue to invest in renewable energy, the electrification of building infrastructure and energy efficiency measures All new large-scale offices financed by ANZ in the commercial building sector are required to have a 5-star NABERS² rating or above 2025 2030 2035 2040 2045 2050 - IEA Beyond 2°C Scenario (B2DS) Alignment Pathway Actual Performance 2030 Target (-60%) Commercial Real Estate - Office Buildings GHG1 Intensity, kg CO2/m²NLA (Net Lettable Area) 80 60 ANZ vs. target pathway - 26% 40 20 0 2020 2025 2030 2035 2040 2045 2050 Actual Performance IEA Beyond 2°C Scenario (B2DS) Alignment Pathway 2030 Target (-60%) 1. Greenhouse gas emissions (GHG) 2. National Australian Built Environment Rating Scheme 10 70#72ANZ 2022 Full Year Results PROGRESS TOWARDS OUR PORTFOLIO EMISSIONS TARGET PATHWAYS - POWER GENERATION • Financial challenges of a changing energy sector • • • • Wholesale electricity prices increased to record highs in parts of Australia earlier this year. Electricity companies routinely hedge the price of their future energy generation on the ASX electricity futures market, to mitigate against price fluctuations Due to these record high wholesale prices, companies using the electricity futures market faced unusually high margin calls on their existing hedge contracts - requiring them to post cash collateral to margin accounts to cover these positions - including some existing ANZ customers We have observed similar developments internationally this year. In the UK, the 'Energy Markets Financing Scheme" is designed to support viable energy firms with major operations in the UK to deal with the unprecedented volatility triggered by Russia's invasion of Ukraine. These firms will be able to apply for government-backed guarantees to secure commercial financing and meet large margin calls from energy price volatility In August 2022, the Australian Energy Market Operator flagged² forecasted electricity reliability concerns over the next 10 years, with urgent investment in electricity generation, storage and transmission required Within this context, our challenge is to finance the new green energy infrastructure required to help achieve net-zero emissions, while ensuring existing providers - who are making these investments - are supported while this new infrastructure is being built. These companies serve important roles in the supply and stability of the energy market while the broader operating environment transitions in line with the Paris Agreement goals 1. Energy Markets Financing Scheme opens today | Bank of England 2. AEMO | Critical investment needed to manage reliability gaps 71#73ANZ 2022 Full Year Results PRIORITY SECTORS: PROGRESS UPDATE - POWER GENERATION PORTFOLIO EMISSIONS INTENSITY Power generation GHG1 Intensity (kg CO2/MWh) 500 400 300 200 100 ANZ vs. target pathway +47% 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 - Actual Performance 2030 Target Pathway IEA Net Zero Emissions by 2050 Pathway 1. Greenhouse gas emissions (GHG) 2. More detail will be provided in our 2022 Climate-related Financial Disclosures, to be released prior to our Annual General Meeting To ensure the ongoing completeness, accuracy and consistency of our reporting, we are restating our 2020 emissions intensity baseline. This is due to improvements in our ability to identify generation asset(s) that our financing is linked to² The emissions intensity of our Power Generation portfolio increased this year due to short term financing of existing customers to help them manage through unprecedented volatility in the energy market. This does not translate to an increase in 'real world' emissions, as they are existing customers and assets We remain committed to our 2030 target pathway and remain well below the IEA Net Zero Emissions by 2050 Scenario pathway 72#74ANZ 2022 Full Year Results OUR RESOURCES PORTFOLIO Resources Portfolio, EAD¹ $b 20.0 2.0 1.7 0.6 1.5 17.3 17.0 1.3 16.2 0.8 0.5 15.3 0.7 0.8 1.0 10 1.2 1.0 2.9 0.4 0.7 0.9 14.5 14.0 13.8 1.1 0.7 1.5 1.2 0.2 0.8 13.0 0.5 0.5 0.9 0.4 0.3 0.5 1.0 1.7 [0.4 1.0 1.2 0.6 0.7 1.0 0.0 1.0 4.9 1.4 1.2 5.2 5.4 1.0 4.0 4.4 4.9 3.5 4.8 3.9 8.6 7.8 8.2 8.2 7.0 7.4 7.0 5.9 6.4 Sep 15 Sep 16 Sep 17 Sep 18 Sep 19 Sep 20 Sep 21 Mar 22 Sep 22 Thermal Coal Mining Metallurgical Coal Mining Other Mining Services to Mining Metal Ore Mining Oil & Gas Extraction 1. Exposure at Default Thermal Coal Mining, EAD¹ $b Sep Sep Sep Sep Mar Sep Mar Sep Mar Sep Mar Sep 15 16 17 18 19 19 20 20 21 21 22 22 • Since 2015 our exposure to thermal coal mining has reduced by ~83% ANZ's exposure to thermal coal mining is a small portion of our overall lending (now comprising <0.02% of Group EAD) Oil and Gas • The change in oil and gas exposure in FY22 was largely driven by significant foreign exchange movements, which impacted the Australian dollar value of our existing portfolio • Our oil and gas exposures also increased as a result of higher energy prices and customers expanding their distribution to meet critical supply requirements due to the energy crisis in Europe. This has resulted in increased usage of short- term facilities provided to key customers to assist with funding of these oil and gas cargoes and associated activities 73#752022 FULL YEAR RESULTS DIVISIONAL PERFORMANCE INVESTOR DISCUSSION PACK#76ANZ 2022 Full Year Results AUSTRALIA RETAIL - FINANCIAL PERFORMANCE 288 Balance Sheet NLAs¹ ($b) 284 285 Income NII/OOI Contribution ($m) Expenses / FTE Expenses ($m) Credit Quality/RWAS Total Provision Charge ($m) Profit and Returns Cash Profit ($m) 289 3,252 3,247 360 391 2,998 285 3,185 360 1,502 1,488 1,410 1,512 3 1,319 75 47 45 1,283 -44 -158 |-11 -5 — -16 1,125 1,198 2,892 2,856 2,713 2,825 -305 -113 -230 Mar 21 Sep 21 Mar 22 Sep 22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 Net Interest Income Other Operating Income IP CP Customer Deposits² ($b) NIM (%) FTE Risk Weighted Assets EOP ($b) Return 147 149 141 2.29% 135 2.27% 2.22% 2.30% 11,358 11,715 12,149 11,846 126 119 5.82% 5.87% 111 112 5.23% 5.23% 2.71% 2.32% 1.96% 1.97% Mar 21 Sep 21 Mar 22 Sep 22 1H21 2H21 1H22 2H22 Mar 21 Sep 21 Mar 22 Sep 22 Mar 21 Sep 21 Mar 22 Sep 22 1H21 2H21 1H22 2H22 Basis: Continuing Operations Excluding Large / Notable items 1. NLAs: Net Loans & Advances; Sep 22 balance has been adjusted to exclude the $1.2b accounting policy change for ongoing trail commission payable 2. Sep 22 balance has been adjusted to exclude the transfer of Business offset accounts from Australia Commercial to Australia Retail 3. Cash profit divided by average Risk Weighted Assets Revenue/Avg RWA Return/ Avg RWA³ 75#77ANZ 2022 Full Year Results AUSTRALIA RETAIL - CONTRIBUTION AND PROFIT DRIVERS Contribution (Sep 22), $b. 289 '6' 149 43 Cash Profit drivers (Sep 22), $m Net Interest Income +$112m 75 14 112 1,125 0 1,198 -97 -31 6.2 283 106 3.2 3.0 Net Loans & Advances¹ Customer Deposits² Total Income Home Loans Deposits & Payments 1H22 Cash Profit (ex L/N) Volume Margins Other Operating Income Expenses Provisions Tax 2H22 Cash Profit (ex L/N) 1H22 2H22 Cards, Personal Loans & Other Total Retail 2H22 v 1H22 FY22 v FY21 Income Income +6% -5% Net Interest Income 2H22 v 1H22 +4% FY22 v FY21 Expenses -1% +10% Other Operating Income +26% -4% -14% NLA¹ 2H22 v 1H22 FY22 v FY21 Profit Before Provisions +13% -15% Home Loans +2% +2% Cash Profit +6% -17% Net Loans & Advances (NLAs)1 +2% +2% Credit Cards & Personal Loans Customer deposits -2% -1% 2H22 v 1H22 FY22 v FY21 Customer Deposits² +2% +6% Total Customers +70k +113k Term Deposits Transact/Savings², 3 +12% -1% Flat +6% Basis: Continuing Operations Excluding Large / Notable items 1. Sep 22 balance has been adjusted to exclude the $1.2b accounting policy change for ongoing trail commission payable 2. 3. Sep 22 balance has been adjusted to exclude the transfer of Business offset accounts from Australia Commercial to Australia Retail Includes Home Loans offset accounts 76#781. 2. 3. ANZ 2022 Full Year Results AUSTRALIA RETAIL - LOANS & DEPOSITS Lending composition', $b Deposit composition², $b 289 288 284 285 6 7 6 6 147 149 141 135 26 25 23 21 36 39 41 43 281 278 278 283 20 16 14 16 58 63 66 65 Mar 21 Sep 21 Mar 22 Sep 22 Mar 21 Sep 21 Mar 22 Sep 22 Home Loans Cards, Personal Loans & Other Savings Term Deposits Offset Transact Market Share³, % 14.4 13.7 13.2 13.0 18.1 18.3 17.9 17.8 Monthly deposit trend², $b 140 150 1.55 130 12.5 12.5 12.4 12.1 120 Credit Cards Household Deposits Housing Lending Mar 21 Sep 21 Mar 22 Aug 22 Sep 22 balance has been adjusted to exclude the $1.2b accounting policy change for ongoing trail commission payable Sep 22 balance has been adjusted to exclude the transfer of Business offset accounts from Australia Commercial to Australia Retail Source: APRA Monthly Authorised Deposit-taking Institution Statistics (MADIS) 110 Sep Mar Sep Mar Sep Mar 19 20 20 21 21 22 Sep 22 77#79ANZ 2022 Full Year Results AUSTRALIA COMMERCIAL - FINANCIAL PERFORMANCE Balance Sheet NLAs¹ ($b) 59 55 56 56 59 Income NII/OOI Contribution ($m) Expenses / FTE Expenses ($m) Credit Quality/RWAs Total Provision Charge ($m) Profit and Returns Cash Profit ($m) 1,285 147 1,346 160 1,574 166 649 653 672 635 640 1,307 153 58 43 553 553 14 -62 -5-6 -11 518 -48 -165 -211 1,408 1,138 1,186 1,154 -122 -153 Mar 21 Sep 21 Mar 22 Sep 22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 Net Interest Income IP CP Other Operating Income Customer Deposits² ($b) NIM (%) FTE Risk Weighted Assets EOP ($b) Return 116 107 111 113 2.01% 2.03% 1.89% 2.30% 2,803 2,906 54 2,728 2,799 52 51 52 5.22% 5.09% 4.84% 5.94% 2.40% 2.08% 2.01% 2.16% Mar 21 Sep 21 Mar 22 Sep 22 1H21 2H21 1H22 2H22 Mar 21 Sep 21 Mar 22 Sep 22 Mar 21 Sep 21 Mar 22 Sep 22 1H21 2H21 1H22 2H22 Revenue/Avg RWA Basis: Continuing Operations Excluding Large / Notable items 1. NLAs: Net Loans & Advances; Asset Finance run-off businesses have been excluded from NLAs 2. 3. Sep 22 balance has been adjusted to exclude the transfer of Business offset accounts from Australia Commercial to Australia Retail Cash profit divided by average Risk Weighted Assets Return/ Avg RWA³ 78#80ANZ 2022 Full Year Results AUSTRALIA COMMERCIAL - CONTRIBUTION AND PROFIT DRIVERS Contribution (Sep 22), $b. Cash Profit drivers (Sep 22), $m Net Interest Income +$254m 59 1 113 0 20 35 553 0 254 13 -32 635 -111 -42 2.9 39 78 1.6 1.3 Net Loans & Advances¹ Customer Deposits² Total Income SME Banking Specialist Business Central Functions 1H22 Cash Profit (ex L/N) Volume Margins Other Expenses Provisions Operating Income Tax 2H22 Cash Profit (ex L/N) 1H22 2H22 Total Commercial Income Income Net Interest Income 2H22 v 1H22 FY22 v FY21 2H22 v 1H22 FY22 v FY21 +20% +10% Expenses +5% +1% Other Operating Income NLA¹ +22% +8% +10% +4% 2H22 v 1H22 FY22 v FY21 Profit Before Provisions +35% +18% SME Banking +2% +2% Cash Profit +15% +11% Specialist Business +10% +16% Net Loans & Advances (NLAs)1 +4% +6% Customer Deposits² -3% +2% Total Customers +4k +10k Central Functions Customer deposits Term Deposits Transact/Savings² -8% -14% 2H22 v 1H22 FY22 v FY21 +11% +3% -6% +1% Basis: Continuing Operations Excluding Large / Notable items 1. Asset Finance run-off businesses have been excluded from NLAS 2. Sep 22 balance has been adjusted to exclude the transfer of Business offset accounts from Australia Commercial to Australia Retail 79#81ANZ 2022 Full Year Results AUSTRALIA COMMERCIAL - LOANS & DEPOSITS Lending composition', $b Deposit composition², $b 116 111 113 107 55 56 -1 1 -1- 16 17 6180 59 56 30 25 28 30 18 20 19 21 21 25 38 38 38 39 62 67 62 57 Mar 22 Sep 22 Mar 21 Sep 21 Savings Term Deposits Transact Mar 21 Sep 21 SME Banking Specialist Business Central Functions SME Banking 1,2, $b 38 71 38 78 78 74 Mar 21 Sep 21 Net Loans & Advances Customer Deposits 38 39 Mar 22 Sep 22 1. Asset Finance run-off businesses have been excluded from NLAS 2. Sep 22 balance has been adjusted to exclude the transfer of Business offset accounts from Australia Commercial to Australia Retail Specialist Business², $b 35 Mar 22 Sep 22 38 37 20 18 16 17 20 Mar 21 Sep 21 Net Loans & Advances Customer Deposits Mar 22 Sep 22 35 80#82ANZ 2022 Full Year Results AUSTRALIA COMMERCIAL - BOOK COMPOSITION & RISK WEIGHT INTENSITY Diversified portfolio - Geographical view Sep 22% of Exposure at Default (EAD) 1,2 Security profile % of Exposure at Default (EAD) 1,3 12% 8% 29% VIC/TAS 11% NSW/ACT QLD WA SA/NT Other 14% 26% Diversified portfolio - Industry view Sep 22% of Exposure at Default (EAD)1 28% 24% Comm. Property & Construction Agri., Forestry & Fishing Retail Trade 6% 5% 21% 8% 8% Other Property & Bus. Services Accom. Cafes & Restaurants Health & Community Services Other Industries 4% 14% 6% 5% 13% 3% 3% 5% 5% 5% 13% 12% 76% 77% 79% 80% Mar 21 Fully Secured Sep 21 Partially Secured Mar 22 Sep 22 Unsecured Other Risk weight intensity1, $b 1. Excludes the Merchants divested business results; prior periods have been restated to be on a comparable basis where relevant 2. 3. States based on primary postcode. 'Other' refers to exposures not reported against a specific state. Some postcodes occur across two states Fully Secured on a market value basis. Other includes loans secured by cash or via sovereign backing 70 60.9% 58.5% 71 70 62 52 51 Mar 21 Sep 21 Total CRWA/EAD EAD Total RWA 55.7% 55.6% 73 62 52 54 Mar 22 Sep 22 81 4#83ANZ 2022 Full Year Results NEW ZEALAND DIVISION - FINANCIAL FINANCIAL PERFORMANCE Balance Sheet Income NLAS¹ (NZDb) & NIM NII/OOI Contribution (NZDm) Expenses / FTE Expenses (NZDm) Credit Quality / RWAs Total Provision Charge (NZDm) Profit and Returns Cash Profit (NZD) 131 135 139 140 1,731 241 1,819 1,854 245 260 2,067 238 734 711 728 657 2.32% 2.35% 2.33% 2.59% 1,829 1,490 1,574 1,594 61 920 55 819 839 793 56 -7-11 -57 -18 -18 -22 -63 Mar 21 Sep 21 Mar 22 Sep 22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 NLAS NIM% Net Interest Income IP CP Other Operating Income Customer Deposits (NZDb) Business Contribution² (NZDm) FTE Risk Weighted Assets EOP (NZDb) Return 108 108 2,067 6,691 7,060 7,026 6,873 75 77 77 5.33% 71 102 102 1,731 1,819 1,854 28 4.88% 4.98% 4.92% 659 45 47 50 46 508 569 600 2.31% 2.17% 2.23% 2.37% 36 34 36 40 1,220 1,252 1,226 1,402 21 21 22 22 Mar 21 Sep 21 Mar 22 Sep 22 1H21 -2 2H21 Mar 21 Sep 21 Mar 22 Sep 22 Mar 21 Sep 21 Mar 22 Sep 22 1H21 2H21 1H22 2H22 Savings Transact Term Deposit Personal Business 1H22 2H22 Other Revenue/Avg RWA Return/ Avg RWA³ Basis: Continuing Operations Excluding Large / Notable items 1. NLAS: Net Loans & Advances 2. 3. During 2H21 & 1H22 business units were reorganised from Retail and Commercial to Personal and Business which resulted in some customer re-segmentation Cash profit divided by average Risk Weighted Assets 82 2#84ANZ 2022 Full Year Results NEW ZEALAND DIVISION - CONTRIBUTION & PROFIT DRIVERS Contribution (Sep 22), NZDb 140 37 103 Net Loans & Advances Business Personal Other 108 23 55 85 Cash Profit drivers (Sep 22), NZDm Net Interest Income +$235m 39 3.92 839 1.26 196 -22 -17 920 -83 -32 2.63 0.03 Customer Deposits Total Income 1H22 Cash Profit (ex L/N) Volume Margins Other Operating Income Expenses Provisions Tax 2H22 Cash Profit (ex L/N) NZ DIVISION 2H22 v 1H22 FY22 v FY21 Income 2H22 v 1H22 FY22 v FY21 Income +11% +10% Net Interest Income Expenses +2% +3% Other Operating Income +15% -8% +12% +2% Profit before provisions +17% NLA +15% 2H22 v 1H22 FY22 v FY21 Cash Profit +10% +9% Net Loans & Advances (NLAs) +1% +4% Customer Deposits 0% +5% Home Loans¹ Business Loans² Deposits Term Deposits Transact/Savings +1% +5% +0% +2% 2H22 v 1H22 FY22 v FY21 +12% +18% -5% -1% Basis: Continuing Operations Excluding Large / Notable items 1. Housing includes business loans secured by residential properties 2. Business excludes business loans secured by residential properties, includes Agri lending 83#85ANZ 2022 Full Year Results NEW ZEALAND DIVISION - BALANCE SHEET Housing¹ ANZ Performance (NZDb) Business² ANZ Performance (NZDb) Agri ANZ Performance (NZDb) 150 30 30 95.4 98.8 103.1 104.2 100 20 17.6 18.1 19.0 19.4 20 20 50 10 10 16.5 16.1 15.7 15.4 0 0 0 Mar 21 Sep 21 Mar 22 Sep 22 Mar 21 Sep 21 Mar 22 Sep 22 Mar 21 Sep 21 Mar 22 Sep 22 Owner Occupied Residential Investment Loan Other lending Commercial Property Dairy Sheep, cattle and grain Other Relative to system growth³ Relative to system growth³ Relative to system growth³ 22.7% 22.2% 22.3% 22.1% 30.6% 30.7% 26.9% 26.2% 25.9% 25.3% 30.5% 30.4% 4.5% 4.9% 3.1% 3.0% 2.0% 1.2% 6.4% 6.8% 0.9% 4.7% 4.4% 3.8% 3.4% -0.4% -1.0% -2.0% 0.0% -2.6% -1.4% -2.5% -1.1% -3.8% 1.5% 1.0% 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 System growth ANZ growth Market share 1. Housing includes business loans secured by residential properties 2. Business excludes business loans secured by residential properties 3. Source: RBNZ, market share at NZ Geography level, 2H22 data as at August 2022 84 ==#86ANZ 2022 Full Year Results AUSTRALIA & NEW ZEALAND 90+ DAYS PAST DUE (DPD) Customer Portfolio 1,2,3 % of Total Portfolio Balances 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 55 1.0 0.5 0.0 Mar 17 Sep Mar 17 18 Sep 18 Mar 19 Sep 19 Mar 20 Sep Mar Sep Mar Sep 20 21 21 22 22 Australia Home Loans Australia Consumer Cards Australia Personal Loans NZ Home Loans 1. Includes Non Performing Loans 2. ANZ delinquencies are calculated on a missed payment basis for amortising and Interest Only loans 3. Australia Home Loans 90+ DPD between Mar 20 and Jun 20 excludes eligible Home Loans accounts that had requested COVID-19 assistance but due to delays in processing had not had the loan repayment deferral applied to the account 85#87ANZ 2022 Full Year Results DIGITAL PLATFORMS - SCALABLE OPERATING LEVERAGE, CAPITAL LIGHT PAYMENTS1 52% 24% 198 5% 130 100 105 FY19 FY20 FY21 FY22 Payments made by customers to their suppliers and employees through our digital channels • Covers payments initiated via Web & Mobile, direct integration with ANZ or via agency agreements whereby ANZ clears payments on behalf of other banks • • DIRECT INTEGRATION PAYMENTS 1,2 NPP AGENCY PAYMENTS 1,2 PLATFORM CASH MGMT ACCOUNTS¹ 75% 1,731 60% 160 100 40% 25% 280 200 112% 27% 672 367% 988 467 141% 120% 530 220 100 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 100 FY19 FY20 FY21 FY22 Automated payments initiated via direct integration between the bank's and our customers' systems Enables a high degree of automation and control for customers, replacing manual processes with a scalable alternative that removes the need for human intervention • . A service whereby ANZ clears & settles real-time payments for customers of Appointer banks on their behalf Deposit management for entities holding funds on behalf of their clients Powering other banks' customers with real-time payments • Supporting CX in provision of client money accounts to activate services/transactions DIGITAL SELF SERVICE • Reduced customer effort and manual error risk with pre-populated forms, giving customers back ~93 hours per month • Moved to real-time processing for requests such as user access through straight through processing, removing previous 24-48 hour turnaround times DATA INSIGHTS Delivering near real-time Australian consumer spend analysis to clients via direct data feeds and our web platform, Transactive Global, providing customers with a competitive advantage in their strategic and operational decision-making API INTEGRATION • Delivered modern APIs for customers in Australia, Singapore, Hong Kong (SAR) and India, allowing them to make payments, reconcile their accounts, and exchange information in real-time and on demand INCIDENTS PER MILLION PAYMENTS • 0.01 incidents per million payments for FY22, delivering quality and resilient payment platforms for customers despite growing volumes PLATFORM INITIATIVES ARE ENABLING ADDITIONAL REVENUE OPPORTUNITIES WITHIN ANZ PAYMENTS & CASH MANAGEMENT 1. Indexed to FY19 (at 100) 2. Subset of total payments 86 98#88ANZ 2022 Full Year Results INSTITUTIONAL - FINANCIAL PERFORMANCE Balance Sheet NLAS¹ ($b) & NIM Income Product Composition³ ($m) Expenses / FTE Expenses ($m) Credit Quality/RWAS Total Provision Charge ($m) Profit and Returns Cash Profit ($m) 197 2,637 2,478 175 2,432 2,387 17- 158 18 14 14 1,171 1,210 1,245 17 1,149 1,033 969 147 55 945 828 1,015 40 870 857 15 927 -8 -23 1.52% 1.59% 1.64% 1.64% -50 -25 619 631 634 864 -104 -33 -35 1,012 930 812 741 -49 Mar 21 Sep 21 Mar 22 Sep 22 1H21 1H21 2H21 1H22 2H22 2H21 1H22 2H22 1H21 2H21 1H22 2H22 1H21 2H21 1H22 2H22 NLAS Markets Risk Adjusted Lending Margin² TB CF Other IP CP Customer Deposits ($b) NII/OOI Contribution ($m) FTE Risk Weighted Assets EOP ($b) Return 259 2,637 240 244 2,478 224 2,432 6,053 6,184 6,236 6,236 192 178 169 179 2,387 2.80% 2.86% 2.67% 2.74% 855 114 125 130 137 960 846 766 20 22 20 20 1,518 1,586 1,621 1,782 169 171 186 198 1.09% 1.11% 0.97% 1.07% 90 93 93 102 Mar 21 Sep 21 Mar 22 Sep 22 1H21 2H21 1H22 2H22 Mar 21 Sep 21 Mar 22 Sep 22 Mar 21 Sep 21 Mar 22 Sep 22 1H21 2H21 1H22 2H22 RWA Avg RWA Aus & PNG NZ International Net Interest Income Revenue / Avg RWA Other Operating Income Return/ Avg RWA4 Basis: Continuing Operations Excluding Large / Notable items 1. NLAs: Net Loans & Advances Risk Adjusted Lending Margin is calculated as Net Interest Income divided by average Credit Risk Weighted Assets for Corporate Finance and Trade TB: Transaction Banking; CF: Corporate Finance 2. 3. 4. Cash profit divided by average Risk Weighted Assets 87 88#89ANZ 2022 Full Year Results INSTITUTIONAL - INCOME INCOME & ASSET COMPOSITION Income composition 1,2, $m Net loans and advances, $b 199 197 175 3,057 13 158 158 147 129 2,790 29 135 123 2,637 111 114 105 829 17 2,478 18 2,432 14 786 2,387 14 22 22 21 14 19 14 17 49 32 28 27 34 41 209 1,015 Mar 20 Sep 20 Mar 21 Sep 21 Mar 22 Sep 22 828 857 927 231 Markets Transaction Banking Corporate Finance 498 189 212 580 187 Exposure at default 1,3, $b. 205 430 529 444 652 429 523 471 455 449 456 200 214 186 175 186 198 1,508 48 -7 53 1,164 36 39 1,012 7 44 47 5 930 812 741 274 226 228 251 220 222 1H20 2H20 1H21 Markets PCM Trade CF Other 2H21 1H22 2H22 Mar 20 Sep 20 Mar 21 Sep 21 Mar 22 Sep 22 Markets PCM Trade CF Basis: Continuing Operations Excluding Large / Notable items 1. CF: Corporate Finance; Trade: Trade & Supply Chain; PCM: Payments & Cash Management 2. 3. 1H20 and 2H20 results have not been adjusted to reflect the divestment of the Merchants business following the ANZ Worldline joint venture EAD excludes amounts for 'Securitisation' and 'Other Assets' Basel classes, as per APS330. Data provided is on a Post CRM basis, net of credit risk mitigation such as guarantees, credit derivatives, netting and financial collateral 88#90ANZ 2022 Full Year Results INSTITUTIONAL MARGINS¹ Risk Adjusted NIM drivers, bps 202 0 +33bps 33 0 235 Risk Adjusted NIM - by geography, bps Institutional AUS / PNG 247 253 225 222 230 222 235 207 190 197 203 202 1H22 Funding Mix & FX Deposit Margins Asset Margins 2H22 1H20 2H20 1H21 2H21 1H22 2H22 1H20 2H20 1H21 2H21 1H22 2H22 Lending Risk Adjusted Margin2,3 Lending NIM2,4 Deposit NIM5 NZ 364 152 159 164 164 143 142 295 267 123 127 140 141 140 137 239 224 232 67 58 46 41 39 33 1H20 2H20 1H21 2H21 1H22 2H22 1H20 2H20 1H21 2H21 1H22 2H22 1H20 2H20 1H21 2H21 1H22 2H22 1H20 2H20 1H21 2H21 1H22 2H22 International 188 151 136 149 147 156 1H20 2H20 1H21 2H21 1H22 2H22 1. Basis: Cash Profit, Continuing Operations excluding Large / Notable items. 1H20 and 2H20 results have not been adjusted to reflect the divestment of the Merchants business following the ANZ Worldline joint venture Institutional ex-Markets Net Interest Income divided by average Credit Risk Weighted Assets; 2. Lending NIM represents Corporate Finance and Trade & Supply Chain; 3. Risk Adjusted Lending Margin is calculated as Net Interest Income divided by average Credit Risk Weighted Assets for Corporate Finance and Trade; 4. Calculated Net Interest Income divided by Average Interest Earning Assets; 5. Deposit NIM represents Net Interest Income divided by Net Internal Assets for Payments & Cash Management (PCM) 89#91ANZ 2022 Full Year Results INSTITUTIONAL - CREDIT RISK WEIGHTED ASSETS (CRWA) CRWA average¹, $b 167 159 6+ 158 148 149 142 96 104 95 CRWA movement HoH, EOP $b 153 06 104 90 97 2 6 -2 163 4 19 17 15 18 18 19 41 42 35 30 29 31 1H20 2H20 1H21 2H21 1H22 2H22 Mar 22 FX Volume Risk Migration Derivatives Sep 22 Markets Trade CF Other CRWA intensity, EOP $b 51.3% 52.0% 50.8% 48.5% 49.1% 46.6% 178 157 142 144 153 163 CRWA movement YoY, EOP $b 3 144 15 -4 5 163 Mar 20 Sep 20 Mar 21 Sep 21 Mar 22 Sep 22 Sep 21 FX Volume Risk Migration Derivatives Sep 22 CRWA CRWA/EAD (ex Markets) Basis: Continuing Operations 1. Trade: Trade & Supply Chain; CF: Corporate Finance 90#92INSTITUTIONAL - MARKETS INCOME COMPOSITION ANZ 2022 Full Year Results Markets Income composition, $m 1,508 131 Markets avg. Value at Risk (99% VAR), $m 100 Both Traded and Non-Traded VaR increased and decreased as COVID- related volatility rolled into and out of the VaR modelling window. 88 80 67 82 32 40 40 15 75 30 1,164 24 60 60 468 1,012 238 40 940 21 40 930 -7 24 20 21 36 31 19 24 26 18 17 826 103 812 256 20 10 10 20 48 741 248 402 88 80 8 8 72 445 223 190 206 87 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 51 40 289 32 88 139 53 53 Non-traded (LHS) Traded (RHS) 30 35 241 336 60 43 32 181 111 181 128 123 Product 437 367 326 324 Foreign Exchange 285 274 279 263 Rates -10 -26 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 Foreign Exchange Commodities Rates Credit and Capital Markets Balance Sheet Derivative val/n adj. Commodities Credit and Capital Markets Basis: Continuing Operations Excluding Large / Notable items Drivers of Franchise Income Customer FX hedging demand, currency volatility, currency bid-offer spreads Customer interest rate and cross-currency hedging demand, Repo demand and spreads, Government issuance volumes Customer hedging demand, commodity price spreads Credit: Bond turnover, bid-offer spreads, credit spreads Capital Markets: Customer bond issuance 91#93ANZ 2022 Full Year Results CONSISTENCY OF MARKETS INCOME MARKETS INCOME HAS HISTORICALLY FOLLOWED CLOSE TO A NORMAL DISTRIBUTION, WITH A POSITIVE SKEW Markets historical monthly income, $m 170 1. 130 (FY22 Average) + 1 SD - 1 SD Historical monthly revenue distribution (FY15-FY22) 13% 76% 11% Characteristics of monthly income distribution • Over the last 8 years, monthly Markets revenue has followed close to a normal distribution, with a positive skew: Average monthly revenue ~$170m with a standard deviation of ~$50m. Stability is driven by a set of "core" customers who deal with ANZ Markets on a regular basis and across multiple geographies & products Franchise Revenue tends to be higher during a "risk-off" environment in financial markets and/or when "bid-offer spreads" widen. This revenue is generated mainly on the back of increased customer activity and from providing continued liquidity support to customers during market dislocations FY22 Franchise revenue aligns with the historical tendency for Markets to outperform in these environments and provides important diversification benefits to Group revenues FY22 was differentiated by rising interest rates, short-term interest rate and FX volatility, global inflationary pressures and geopolitical events. While this benefitted some businesses, it adversely impacted others particularly Credit & Capital Markets and Balance Sheet Trading, while also requiring higher Derivative Valuation Adjustments A risk off environment is broadly defined as one in which credit spreads widen, risk free bond yields fall, equities sell off, volatility increases and USD strengthens 92 22#94ANZ 2022 Full Year Results INSTITUTIONAL - RISK MANAGEMENT CRWA intensity, % 61.8% 50.8% 39.7% 2H16 30.7% 1H21 CRWA/EAD (ex Markets) 48.5% CRWA/EAD 30.7% 49.1% 31.5% 46.6% 30.4% Long run loss rate (internal expected loss)', % 0.36% 0.25% 0.25% 0.21% 0.21% HI 2H21 1H22 2H22 2H16 1H21 2H21 1H22 2H22 Control list², Index Sep 16 = 100 120 100 80 60 40 20 20 Investment grade % of EAD (ex Markets) 81% 75% 78% 79% 66% 34% 25% 22% 21% 19% 0 2H16 1H17 2H17 1H18 2H18 1H19 2H19 1H20 Control list by no. of groups Control list by limits 2H20 1H21 2H21 1H22 2H22 2H16 1H21 2H21 1H22 2H22 Investment Grade Non-investment Grade Basis: Continuing Operations 1. IEL as a % of Gross Lending Assets 2. Customers with exposures AUD$5m or greater managed by Lending Services. The list is to focus management attention on the monitoring and applicable strategy for customers that represent a heightened risk to the bank 93#952022 FULL YEAR RESULTS TREASURY INVESTOR DISCUSSION PACK#96ANZ 2022 Full Year Results REGULATORY CAPITAL - 4Q22 UPDATE Capital update • Level 2 CET1 ratio of 12.3% (19.2% on an Internationally Comparable basis¹) or ~11.1% on a pro forma basis including Suncorp Bank acquisition. This is above APRA's 'Unquestionably Strong' capital benchmark² APRA Level 2 Common Equity Tier 1 (CET1) ratio, % 4Q22 Movement 0.77 12.29 Excluding the $3.5b equity raisings, Level 2 CET1 increased +44 bps mainly from cash earnings (ex large notable item) in the quarter 11.08 -0.03 -0.03 • Modest RWA growth in Q4 - CRWA growth mainly reflects increased volume in Retail Australia, Q4 IRRBB RWA movement was minimal • Leverage ratio of 5.4% (or 6.1% on an Internationally Comparable basis) • Level 1 CET1 ratio of 12.0% or ~11.3% pro forma for the Suncorp Bank acquisition Dividend • Interim Dividend of 74 cents fully franked, ~63% DPOR on 2H22 Cash Continuing ex Large / Notable items basis and within ANZ's sustainable DPOR range Regulatory update • Progressing with implementation of APRA Capital Reforms (1 January 2023 effective date), noting the expectation of lower RWA offset by increased capital buffers On track with RNBZ capital reform transition, including issuance of RBNZ compliant capital securities 0.50 ~11.1 ~ -1.2 Jun 22 Underlying Non CRWA Q4 capital CRWA (ex FX) generation (ex FX) & other Capital Raising Sep 22 Suncorp Bank acquisition Sep 22 pro forma APRA Level 1 Common Equity Tier 1 (CET1) ratio, % 4Q22 Movement 10.41 -0.06 -0.04 0.67 0.12 12.01 0.91 ~11.3 ~ -0.7 1. 2. 3. Jun 22 Underlying Non CRWA Q4 capital Capital CRWA (ex FX) generation Raising (ex FX) (incl. IG dividends) & other APS111 impact³ Sep 22 Suncorp Bank acquisition Sep 22 pro forma Internationally Comparable methodology aligns with APRA's information paper "International Capital Comparison Study (13 July 2015)". Basel III Internationally Comparable ratios do not include an estimate of the Basel I capital floor Based on APRA information paper "Strengthening banking system resilience - establishing unquestionably strong capital ratios" released in July 2017 APRA's changes to APS111: Measurement of Capital took effect from 1 January 2022. Benefits to the L1 CET1 ratio was due to a higher L1 CET1 base (as a result of the $3.5bn equity raise and quarterly earnings), leading to a decrease in L1 CET1 deduction on intra-group equity investments above the 10% CET1 threshold 95#97ANZ 2022 Full Year Results REGULATORY CAPITAL - 2H22 UPDATE APRA Level 2 Common Equity Tier 1 (CET1) Ratio - 2H22 Movement, % 11.53 Mar 22 0.80 Cash Profit (ex LNI)1 -0.22 -0.16 -0.41 -0.05 Mainly IRRBB RWA increase in Q3 0.80 12.29 ~ -1.2 ~11.1 Underlying CRWA (ex FX) Underlying non-CRWA (ex FX) Net Dividends Capital Deductions & Other² Capital Raising Sep 22 Suncorp Bank acquisition Sep 22 pro-forma APRA Level 1 Common Equity Tier 1 (CET1) Ratio - 2H22 Movement, % 11.07 0.90 -0.28 -0.18 0.11 12.01 0.94 ~11.3 ~ -0.7 -0.48 -0.07 Mainly IRRBB RWA increase in Q3 Mar 22 Cash Profit Underlying CRWA (ex FX) (ex LNI)¹ Underlying non-CRWA (ex FX) Net Dividends Capital Deductions Capital Raising & Other² APS111 Impact³ Sep 22 Suncorp Bank acquisition Sep 22 pro-forma 1. Excludes Large / Notable items 2. 3. Capital deductions mainly comprises the movement in retained earnings in deconsolidated entities and equity accounted growth in associates and Other impacts include movements in deferred tax asset deduction, M&A transactions, Net RWA imposts & net other impacts APRA's changes to APS111: Measurement of Capital took effect from 1 January 2022. Benefits to the L1 CET1 ratio was due to a higher L1 CET1 base (as a result of the $3.5bn equity raise and half-yearly earnings), leading to a decrease in L1 CET1 deduction on intra-group equity investments above the 10% CET1 threshold 96#98ANZ 2022 Full Year Results REGULATORY CAPITAL Key Capital Ratios (%) Sep 21 Mar 22 Sep 22 Risk weighted assets - Level 2, $b Level 2 CET1 capital ratio 12.3 11.5 12.3 Total Credit RWA increase $10.6b 10.0 Level 2 CET1 HoH mvmt -10 bps -81 bps +76 bps 3.9 441.8 437.9 6.3 454.7 -2.0 -1.3 -0.1 Additional Tier 1 capital ratio 2.0 1.7 1.7 Tier 1 capital ratio 14.3 13.2 14.0 Tier 2 capital ratio 4.1 3.4 4.2 Total regulatory capital ratio 18.4 16.6 18.2 Mar 22 FX impacts Mar 22 FX Divisional Risk lending Leverage ratio 5.5 5.2 5.4 (credit) Adjusted Other Operational Market CRWA Risk RWA impacts Sep 22 Risk & IRRBB RWA Risk weighted assets $416.1b $437.9b $454.7b Risk weighted assets - IRRBB, $b Level 1 CET1 capital ratio 12.0 11.1 12.0 Level 1 CET1 HoH mvmt -22 bps -94 bps +94 bps Level 2 vs Level 1 mvmt 12 bps 13 bps -18 bps Level 1 risk weighted assets $379.4b $370.7b $392.0b Internationally comparable ratios¹ (%) 38 38 33 4.05% 3.63% 18 14 2.60% 10 0.35% 0.52% 0.14% 6.1 5.9 6.1 18.3 18.0 19.2 Sep 20 Mar 21 Sep 21 Mar 22 Jun 22 Sep 22 Basis & Optionality Risk Embedded Gains/Losses Repricing & Yield Curve Risk 3 yr AUD Swap Rate (%) 1. Internationally Comparable methodology aligns with APRA's information paper "International Capital Comparison Study (13 July 2015)". Basel III Internationally Comparable ratios do not include an estimate of the Basel I capital floor Leverage ratio Level 2 CET1 capital ratio 57 97#99ANZ 2022 Full Year Results INTERNATIONALLY COMPARABLE' REGULATORY CAPITAL POSITION Level 2 capital ratio (APRA vs internationally comparable)², % 26.3 5.4 18.4 2.5 4.1 2.0 18.3 12.3 APRA Sep 21 Int. Comparable 27.3 24.9 5.8 4.6 18.2 2.3 16.6 2.3 4.2 3.4 1.7 1.7 18.0 19.2 11.5 APRA Int. Comparable Mar 22 Common Equity Tier 1 Additional Tier 1 Tier 2 12.3 APRA Int. Comparable Sep 22 APRA Level 2 CET1 Ratio - 30 September 2022 Corporate undrawn EAD and unsecured LGD adjustments Equity Investments & DTA 12.3% Australian ADI unsecured corporate lending LGDs and undrawn CCFs exceed those applied in many jurisdictions +2.0% APRA requires 100% deduction from CET1 vs. Basel framework which allows concessional threshold prior to deduction +0.9% Mortgages Specialised Lending APRA requires use of 20% mortgage LGD floor vs. 10% under Basel framework. Additionally, APRA also requires a higher correlation factor vs 15% under Basel framework APRA requires supervisory slotting approach which results in more conservative risk weights than under Basel framework +1.5% +0.9% IRRBB RWA Other APRA includes in Pillar 1 RWA. This is not required under the Basel framework +1.2% Includes impact of deductions from CET1 for capitalised expenses and deferred fee income required by APRA, currency conversion threshold and other retail standardised exposures +0.4% Basel III Internationally Comparable CET1 Ratio - 30 September 2022 19.2% 1. 2. Internationally Comparable methodology aligns with APRA's information paper "International Capital Comparison Study (13 July 2015)". Basel III Internationally Comparable ratios do not include an estimate of the Basel I capital floor Sum of individual capital ratios may not be equal to Total Capital ratio due to rounding 98#100ANZ 2022 Full Year Results CET1 AND LEVERAGE IN A GLOBAL CONTEXT CET1 ratios 1,2, % Regulators globally have provided specific transitional arrangements for ECL. ANZ has utilised publicly available CET1 information and adjusted for Capital treatment of ECL provisioning where available Svenska Handelsbanken SEB ANZ Swedbank Danske Bank Nordea Credit Agricole Group ANZ pro-forma4 UniCredit ABN Amro BMO Morgan Stanley Natwest Rabobank ING Group Groupe BPCE OCBC TD UBS Goldman Sachs HSBC 0% 5% 10% 15% 20% Leverage 1,2,3, % 0% 2% 4% 6% 8% OCBC BBVA RBI UOB Erste Bank Rabobank DBS Credit Suisse ANZ UBS Erste Bank DBS Intesa Sanpaolo Standard Chartered Barclays Commerzbank Credit Suisse State Street Societe Generale RBI UOB Deutsche Bank RBC BBVA JP Morgan BNP Paribas Santander Bank of America Wells Fargo Citibank Scotia Intesa Sanpaolo UniCredit Swedbank Credit Agricole Group ING Group Nordea BMO Svenska Handelsbanken ABN Amro HSBC Danske Bank Groupe BPCE Santander Commerzbank SEB Deutsche Bank Natwest Barclays Societe Generale RBC Scotia TD Standard Chartered BNP Paribas ANZ compares well on leverage, however international comparisons are more difficult to make given the favourable treatment of derivatives under US GAAP 1. CET1 and leverage ratios are based on ANZ estimated adjustment for accrued expected future dividends and share buy-backs. Transitional arrangements for expected credit loss and leverage exposure concessional adjustments where details have been externally disclosed. Central bank exposures removed from leverage ratio exposure measure where identified. ANZ ratios are on an Internationally Comparable basis. All data sourced from company reports and ANZ estimates based on last reported half/full year results assuming Basel III capital reforms fully implemented 2. Based on Group 1 banks as identified by the BIS (internationally active banks with Tier 1 capital of more than €3 billion) 3. 34 4. Includes adjustments for transitional AT1 where applicable. Exclude US banks as leverage ratio exposures are based on US GAAP accounting and therefore incomparable with other jurisdictions which are based on IFRS ANZ international CET1 proforma ratio adjusted for Suncorp Bank acquisition. Impacts from Suncorp Bank acquisition on Leverage ratio are not expected to be material 99#101ANZ 2022 Full Year Results BALANCE SHEET STRUCTURE1 NSFR movement, % 123.8 2.4 Pro forma NSFR is ~116% once RSF benefit associated with TFF and CLF2 is removed 0.4 0.5 119.1 1.0 -6.7 -1.1 -1.2 Sep 21 Retail/ Corp/ Loans CLF2 Capital & LT Debt Hybrids FI/Bank & Repo Other³ Sep 224 Operational FI Deposits NSFR Composition, Sep 22 $b 584 Wholesale Funding & Other5 Non-Financial Corporates Retail/SME Capital 491 Liquids and Other Assets Other Loans7 Residential Mortgages8,9 <35% Available Stable Funding Required Stable Funding Balance sheet composition, Sep 22 Liquid and Other Assets 35% Short Term Wholesale Debt & Other Funding 10 25% FI Lending 5% Non-FI Lending 22% Corporate, PSE & Operational Deposits 27% Retail & SME Deposits 31% Mortgages 38% Long Term Wholesale Debt 8% Capital Incl. Hybrids & Tier 2 Assets 9% Funding 1. NSFR Required Stable Funding (RSF) and Available Stable Funding (ASF) categories and all figures shown are on a Level 2 basis per APRA prudential standard APS210 2. RBA CLF decreased by $8.0b in FY22. Consistent with APRA's requirement, ANZ's remaining CLF of $2.7b will cease on 1 January 2023 3. Net of other ASF and other RSF, net FX impacts and Liquids 4. During FY22 ANZ's NSFR reduced by ~2.5% due to the application of revised APRA APS210 FAQs which impacted NSFR attribution across Retail, Corporate and Fl classifications 5. 'Other' includes Sovereign, and non-operational FI Deposits 6. 'Other Assets' include Off Balance Sheet, Derivatives, Fixed Assets and Other Assets 7. All lending >35% Risk weight 8. Includes NSFR impact of self-securitised assets backing the Committed Liquidity Facility (CLF) 9. <35% Risk weighting as per APRA Prudential Standard 112 Capital Adequacy: Standardised Approach to Credit Risk 10. Includes FI/Bank deposits, Repo funding and other short dated liabilities 100#102ANZ 2022 Full Year Results LIQUIDITY COVERAGE RATIO (LCR) SUMMARY1 Movement in average LCR surplus², $b FY21 Avg LCR 137% 61 25 -2 FY22 Avg LCR 131% 2 56 99 -18 -2 -10 FY21 CLF3 Liquid Retail/SME Assets Corp/FI/ Wholesale Other4 PSE Funding FY22 LCR composition, Average FY22 $b 241 Other LCR Liquids5 HQLA1 185 Wholesale funding Customer deposits & other4 Liquid Assets Net Cash Outflow 12345 1. All figures shown on a Level 2 basis as per APRA Prudential Standard APS210 2. 3. 4. LCR surplus excludes surplus liquids considered non-transferrable across the Group. As at 30 September 2022, this included $14b of surplus liquids held in NZ RBA CLF decreased by $8.0b in FY22. Consistent with APRA's requirement, ANZ's remaining CLF of $2.7b will cease on 1 January 2023 'Other' includes off-balance sheet and cash inflows 5. Comprised of HQLA2, Internal RMBS and other ALA. Other ALA includes assets qualifying as collateral for the Committed Liquidity Facility (CLF), excluding internal RMBS, up to approved facility limit; and any assets contained in the RBNZ's liquidity policy - Annex: Liquidity Assets - Prudential Supervision Department Document BS13A 101#103ANZ 2022 Full Year Results TERM WHOLESALE FUNDING PORTFOLIO¹ Issuance, $b 32 22 25 22 24 55 22 FY16 FY17 FY18 FY19 FY20 Senior Unsecured Portfolio 19% 3% 13% 1% 20% 44% Unsecured issuance has decreased from 78% in FY18 Senior Unsecured Covered Bonds Tier 2 RMBS TFF NZ FLP / TLF 17 16 FY21 Maturities, $b 31 27 17 11 8 8 1 FY25 FY26 FY27 FY28 FY29+ FY22 FY23 FY24 Covered Bonds Tier 2 RMBS TFF NZ FLP / TLF Portfolio by currency 4% 23% 22% 51% Domestic portfolio has increased from 33% in FY18 • • • ANZ's term funding requirements depend on market conditions, balance sheet needs and exchange rates, amongst other factors ANZ's CLF remaining ($2.7b) and TFF maturities ($20b) over next two years, is very manageable Current total term wholesale funding outstanding of ~$103b (incl TFF) has reduced by ~$11b since FY18 ANZ's FY23 funding needs expected to revert to pre-COVID volumes of $25-30b Suncorp Bank's modest funding needs are in addition to these requirements Domestic (AUD, NZD) North America (USD) UK & Europe (£, €, CHF) Asia (JPY, HKD, SGD, CNY) 1. All figures based on historical FX and exclude AT1. Includes transactions with an original call or maturity date greater than 12 months as at the respective reporting date. Tier 2 maturity profile is based on the next callable date 102#104ANZ 2022 Full Year Results ANZ'S TIER 2 CAPITAL PROFILE¹ ANZ's Tier 2 capital requirement to progressively increase to meet TLAC requirement Tier 2 capital, Notional amount % • ANZBGL has issued $15.3b since July 2019 across AUD, EUR, GBP, JPY, SGD and USD • APRA announced a finalised Tier 2 capital requirement of 6.5% of RWA by 1 January 2026 (current Tier 2 ratio is 4.2%) 22% • Suncorp Bank related RWA requires ~$2.5b of additional Tier 2 TLAC requirements by 1 January 2026 • ANZBGL (inclusive of Suncorp Bank requirements) FY23 Tier 2 issuance needs expected to be ~$6.0-6.5b • Planned issuance in multiple currencies in both callable and bullet format . In addition to ANZBGL Tier 2 TLAC needs, ANZ NZ has modest Tier 2 requirements of 2% of ANZ NZ RWA by 2028 under RBNZ requirements. ANZ NZ has issued NZD ~$1.4b Tier 2 under these rules since September 2021 Well managed amortisation profile provides flexibility regarding issuance tenor Funding profile, Notional amount $m 1. 2. 3,437 2,937 131 FY23 FY24 5,637 2,609 78% 5% USD 5% 3% 5% AUD Domestic 37% EUR Callable Bullet 15% AUD Offshore JPY GBP 30% SGD Capital amortisation profile², $m 2,849 824 900 622 HH FY25 FY26 FY27 FY28 FY29 FY31+ Scheduled Bullet and Call Date Profile 2,444 3,893 3,811 2,609 900 622 2,849 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY31+ Callable Bullet Amortisation Profile is AUD equivalent based on historical FX, excluding Perpetual Floating rate notes issued 30 October 1986, ANZ NZ $600m floating rate notes issued September 2021 and ANZ NZ USD$500m fixed rate notes issued August 2022. Comprises Tier 2 capital in the form of Capital Securities only (i.e. does not include other Tier 2 capital such as eligible General reserve for impairment of financial assets) Amortisation profile is modelled based on scheduled first call date for callable structures and in line with APRA's amortisation requirements for bullet structures 103#105ANZ 2022 Full Year Results CAPITAL & REPLICATING DEPOSITS PORTFOLIO Australia, % 4 3 Portfolio Earnings Rate is a combination of term swap rates (hedged component) and 3mth BBSW (unhedged) Portfolio earnings rate, Average % Australia New Zealand 1H20 1.64% 1.88% 2H20 1.20% 1.40% 2 1H21 0.92% 1.09% 2H21 0.85% 0.99% 1 1H22 0.84% 1.13% 0 Sep Nov Jan 20 20 21 Mar 21 May Jul 21 21 Sep 21 Nov Jan Mar May Jul Sep 2H22 1.32% 1.53% 21 22 22 22 22 22 Portfolio Earnings Rate 3m BBSW (Monthly Average) - 5 Year AUD Swap Rate¹ 5 New Zealand, % Portfolio Earnings Rate is a combination 4 of term swap rates (hedged component) and 3mth BKBM (unhedged) 3 2 1 0 Sep 20 Nov Jan 20 21 Mar 21 May Jul Sep 21 21 21 Nov 21 Jan 22 Mar 22 May Jul Sep 22 22 22 Portfolio Earnings Rate 3m BKBM (Monthly Average) 5 Year NZD Swap Rate¹ 1. Proxy for hedged investment rate 2. Includes other Non-Interest Bearing Assets & Liabilities Capital² & replicating deposits portfolio Volume ($A) Australia ~99b New Zealand ~33b International ~10b Volume Change (YoY) ~5b increase ~2b decrease ~1b increase Target Duration Rolling 3 to 5 years Various Proportion Hedged ~74% ~91% Various 104#106ANZ 2022 Full Year Results BASEL III CET1 REFORMS AND TLAC FINALISATION APRA CET1 reforms • Revisions to capital framework finalised in November 2021 • Implementation on 1 January 2023 . The reforms will result in changes to the calculation and presentation of capital ratios . APRA has stated that these changes do not require banks to raise additional capital Updated minimum capital requirements, % 14.00% 18.25% TLAC in 6.50% form of Tier 2 • • • Minimum CET1 ratio 10.25% - which includes a baseline countercyclical capital buffer (CCYB) of 1% of Australian assets that can be released in times of systemic stress¹ Enhancing risk sensitivity in residential and commercial property portfolios. Higher capital requirement segments such as interest only and investor mortgages 72.5% output floor to limit the gap between Standardised and Advanced ADIS 2.00% APRA minimum increased from 1.50% 8.00% to 10.25% 1.50% ~1% 2.50% 1.00% 1.00% 3.75% 2.50% . Aligning RWA of New Zealand banking subsidiaries by applying a similar framework to Reserve Bank of New Zealand TLAC finalisation • APRA finalised TLAC requirements at 6.5% of RWA in the form of Tier 2 capital² • • Implementation on 1 January 2026 • Interim target of 5% of RWA in the form of Tier 2 capital remains at 1 January 2024 4.50% Current 4.50% Basel III Minimum Prudential Capital Requirement (PCR) Capital Conservation Buffer (CCB) Domestic Systematically Important Banks (D-SIBS) Countercyclical Capital Buffer (CCyB) Unquestionably Strong Buffer AT1 Tier 2 1. 2. The CCyB is calculated on a bank's Australian assets only. The final CCyB requirement will reduce based on a bank's international exposures TLAC requirement of 6.5% is calibrated based on future RWA from APRA's Capital Reforms (effective January 2023) which is expected to be lower than current requirements. As a result, APRA noted the additional TLAC requirement of ~4.5% of RWA under the new capital framework will in dollar terms equate to the lower end of APRA's previously announced TLAC range of 4-5% of RWA 105#107ANZ 2022 Full Year Results CAPITAL & LIQUIDITY FRAMEWORK¹ RBNZ Capital Framework Leverage Ratio First Half CY2022 Second Half CY2022 CY2023 Implementation Date Transition 2028 2023 Standardised Approach to Credit Risk 2023 Internal Ratings-based Approach to Credit Risk 2023 Operational Risk 2023 Fundamental Review of the Trading Book (incl. Counterparty Credit Risk) Consultation Finalise 2025 Interest Rate Risk in the Banking Book Finalise 2024 Loss Absorbing Capacity (LAC) Transition 2026 Contingency and Resolution planning Finalise 2024 Liquidity Review Consultation 20252 1. 2. Timeline is based on calendar year and is largely based on APRA's 2022 Information Paper - APRA's Policy Priorities (published February 2022) Based on APRA information paper Post-implementation review of the Basel III liquidity reform (published June 2022) 106#1082022 FULL YEAR RESULTS RISK MANAGEMENT INVESTOR DISCUSSION PACK#109ANZ 2022 Full 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 2H22 Consumer IP CP Charge/ (Release) Commercial IP Institutional IP ANZ historical loss rates¹, bps Long run loss rate (Internal Expected Loss²), % 250 Division 200 Aus. Retail 150 100 50 0 Sep Sep 90 93 Sep 96 Sep Sep Sep 99 02 05 Sep Sep 08 11 Sep 14 Sep 17 Sep Sep Sep New Zealand Institutional Pacific 20 21 22 Total Mar 19 Sep 19 Mar 20 Sep 20 Mar 21 Sep 21 Mar 22 Sep 22 0.19 0.19 0.19 0.16 0.14 0.12 0.12 0.11 Aus. Commercial 0.75 0.73 0.69 0.81 0.76 0.68 0.62 0.56 0.19 0.18 0.19 0.16 0.15 0.13 0.12 0.11 0.27 0.25 0.25 0.30 0.25 0.25 0.21 0.21 1.60 1.40 1.30 1.46 1.74 2.15 2.65 2.44 0.27 0.26 0.26 0.26 0.23 0.22 0.20 0.19 1. 2. IP Loss Rate Median Annual IP Loss Rate (excl. current period) IP Charge as a % of average Gross Loans and Advances (GLA) Internal Expected Loss (IEL) is an internal estimate of the average annualised loss likely to be incurred through a credit cycle 108#110ANZ 2022 Full Year Results INDIVIDUAL PROVISION (IP) CHARGE IP charge, $m 380 398 626 395 IP charge by division, $m 626 272 380 398 395 807 187 592 500 69 532 7 0-3 6 35 40 49 35 40 87 32 62 375 -8 155 170 266 162 187 247 123 168 3 158 175 55 93 93 80 103 54 51 87 59 69 195 185 5 156 155 3 15 43 -8 14 -245 -214 -227 14 -274 -280 -268 75 -300 47 45 5 -352 -12 -5 -10 -23 -8 -4 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 New Increased Writebacks & Recoveries 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 Australia Retail Australia Commercial New Zealand Institutional Pacific Other Ratios IP loss rate (bps)¹ Total loss rate (bps)¹ IP balance/Gross Impaired Assets 1. Annualised loss rate as a % of Gross Loans and Advances (GLA) 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 12 13 20 12 6 2 3 0 13 13 53 33 -16 -2 -9 2 42% 40% 42% 36% 33% 35% 37% 38% 109#111ANZ 2022 Full Year Results COLLECTIVE PROVISION (CP) BALANCE & CHARGE CP charge, $m CP balance by category, $m 1.39% 1.25% 1.22% 1.17% 1.08% 1.07% 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 0.98% 0.94% CP charge 13 4 1,048 669 -678 -145 -371 60 Volume/Mix -28 -51 0 46 -199 -83 -98 -160 3,378 0 3,376 104 Change in Risk -40 19 17 44 -112 -41 -172 -172 Economic forecast 99 31 1,124 -106 -417 -31 37 278 3,378 3,272 & scenario weights¹ Additional overlays -18 5 -93 685 50 10 -138 114 1. Includes impact of model changes 2. CP as a % of Credit Risk Weighted Assets (CRWA) 5,008 4,501 11 696 4,285 4,195 3,853 746 3,757 760 618 727 4,490 4,312 3,539 3,435 3,139 3,126 Mar 19 Sep 19 Mar 20 Sep 20 Mar 21 Sep 21 Mar 22 Sep 22 Modelled ECL Additional overlays CP Coverage² 110#112ANZ 2022 Full 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 Sep 22 30 September 2021 Australia Retail 0.93 0.91 1.18 1.42 1.11 1.07 0.91 0.90 2.21 Australia Commercial 0.90 0.89 1.14 1.43 1.22 1.16 0.98 0.98 Institutional 1.13 1.17 1.59 1.51 1.36 1.35 1.28 1.38 New Zealand 0.37 0.37 0.54 0.57 0.51 0.53 0.50 0.52 1.55 Pacific & Other 0.04 0.04 0.05 0.08 0.08 Total 3.38 3.38 4.50 5.01 4.29 4.20 0.10 0.09 0.08 3.76 3.85 CP balance by portfolio, $b 1.12 1.12 30 September 2022 1.77 1.69 0.93 0.93 Mar 19 Sep 19 Mar 20 Sep 20 Mar 21 Sep 21 Mar 22 Sep 22 Corporate 1.59 1.62 2.22 2.30 2.13 2.09 1.87 1.96 Specialised Lending 0.18 0.19 0.29 0.32 0.28 0.27 0.23 0.26 Residential Mortgage 0.49 0.52 0.81 1.06 0.78 0.79 0.71 0.73 Stage 1 Stage 2 Stage 3 Stage 3 (IP/CP) Stage 1 Stage 2 Stage 3 Stage 3 Retail (ex Mortgages) Sovereign/Banks (IP/CP) 1.05 0.97 1.10 1.25 1.04 0.96 0.87 0.81 % of Total 32% 45% 23% % of Total 41% 38% 21% 0.07 0.08 0.08 0.08 0.06 0.09 0.08 0.09 Total 3.38 3.38 4.50 5.01 4.29 4.20 3.76 3.85 Australia Retail Australia Commercial Institutional New Zealand Pacific/Other CP IP 111#113ANZ 2022 Full Year Results PORTFOLIO COMPOSITION AND COVERAGE RATIOS Portfolio composition 1. 2. Gross Loans and Advances Credit RWA Exposure at Default¹ Exposure at Default¹ (ex Sovereign & Bank) 3% $676b 3% 34% 55% $1,152b 23% $845b Expected Credit Loss (Collective Provision balance) $3.85b 1% 2% 4% 51% 45% 33% $359b 3% 3% 53% 19% 49% 36% 21% 32% 2% 3% 3% 6% 3% 1% 5% 1% 6% Sep 22 Sep 22 Sep 22 Sep 22 Sep 22 Coverage ratios % % CP coverage Total coverage² 0.57 0.65 1.07 1.22 Sovereign Bank Corporate Resi. Mortgage Retail (ex Mortgages) Other % % 0.33 0.46 0.38 0.52 EAD excludes amounts for 'Securitisation' and 'Other Assets' Basel classes, as per APS330. Data provided is on a Post CRM basis, net of credit risk mitigation such as guarantees, credit derivatives, netting and financial collateral Individual Provision balance and Collective Provision balance 112#114ANZ 2022 Full Year Results EXPECTED CREDIT LOSS - ECONOMIC SCENARIOS: MODELLED OUTCOMES (COLLECTIVE PROVISION BALANCE SCENARIOS)¹ Sep 22, $m Additional overlays Scenario & weights 100% Base case 3,853 727 Weightings to scenarios to determine CP balance ECONOMIC SCENARIOS 0% 45% 40% 15% 30 September 2022 ACTUAL CY2019A CY2020A CY2021A CY2022F BASE CASE 2 CY2023F CY2024F AUSTRALIA 6,951 GDP change³ 1.8% -2.4% 4.5% 4.0% 2.4% 1.4% Unemployment rate4 5.2% 6.5% 5.1% 3.5% 3.1% 3.6% Resi. property price change³ 3.0% 1.9% 21.0% -2.6% -8.9% 5.2% NEW ZEALAND GDP change³ 2.2% -3.0% 5.5% 1.9% 1.8% 1.7% Unemployment rate 4.1% 4.6% 3.8% 3.3% 3.9% 4.9% Resi. property price change³ 5.3% 15.6% 26.5% -11.3% -3.1% 2.6% 3,239 1,376 1,750 1,423 1,750 Australia peak impacts of economic scenarios Unemployment Base case Downside Severe Peak over 3 years 3.6% 6.4% 10.8% Resi. Property prices Peak to trough drop -17% -28% -41% GDP Lowest over 3 years 1.4% -0.5% -2.8% CP balance (ECL) 100% upside 100% base case 100% downside 100% severe The Downside Scenario is specified in terms of an index of economic stress. The economic variables shown represent a characterisation of the scenario to facilitate comparison Subset of a range of economic indicators shown. Economic forecasts also undertaken for international markets 12 months to December Year on Year change 1. 2. 3. 4. Annual average: 12 months to December 5. Peak based on June 2022 quarter 113#115Empty#116ANZ 2022 Full Year Results RISK WEIGHTED ASSETS (RWA) Total RWAs, $b 455 449 438 429 417 48 416 48 408 48 396 48 38 72 47 15 48 47 47 222 47 41 12 25 13 19 Credit RWA drivers, $b 178 156 157 163 144 142 144 153 342.5 -0.2 62 62 446 46 46 56 0060 7 7 -7- 7 57 59 59 56 43 43 22 42 39 40 40 8 —7— 8 53 57 47 47 46 46 1 91 94 92 91 91 93 22.9 0.5 359.4 -5.4 -0.9 Mar 19 Sep 19 Mar 20 Sep 20 Mar 21 Sep 21 Mar 22 Sep 22 Sep 21 FX Volume/Mix Risk Model/ Method CVA (incl. Sep 22 Hedges) Aus Retail CRWA 1 22 ཙ་ 94 92 NZ CRWA Instit. CRWA Op-RWA Aus Comm. CRWA Other CRWA Mkt. & IRRBB RWA 115#117ANZ 2022 Full Year Results RISK WEIGHTED ASSETS & EXPOSURE AT DEFAULT COMPOSITION¹ EAD composition, $b EAD & CRWA movement, HoH FX adjusted $b 27.9 1,152 1,103 8 1,075 1,080 40 1,045 -7- 10 6 42 49 1,026 51 1,010 10 44 977 968 9- 47 10 45 45 48 50 47 13 44 53 46 56 46 43 43 6.7 5.7 1.7 2.2 0.9 0.0 1.1 333 305 295 324 277 306 286 272 290 Aus. Retail Aus. Commercial CRWA Volume / Mix EAD growth -0.1 -3.8 NZ Institutional Other 307 280 289 263 261 231 229 205 208 Credit RWA / EAD by portfolio², % 61 60 57 53 50 56 56' 56 50 56 36 37 53 36 380 374 381 383 393 406 411 412 415 31 32 28 28 26 27 27 12 11 Mar 19 Sep 19 Mar 20 Jun 20 Sep 20 Mar 21 Sep 21 Mar 22 Sep 22 9 7 7 Sep 18 Sep 19 Residential Mortgage Sovereign & Bank Corporate Specialised Lending Retail (ex Mortgages) Other Total Group Corporate & Specialised EAD excludes Securitisation and Other assets, whereas CRWA is inclusive of these asset classes, as per APS 330. EAD data provided is on a Post CRM basis, net of credit risk mitigation such as guarantees, credit derivatives, netting and financial collateral 1. 2. Total Group ratio from Mar 21 is inclusive of increased exposure to the RBA via higher exchange settlement account balances Sep 20 Retail (ex Mortgages) Residential Mortgage Sep 21 Sep 22 Sovereigns & Banks 116#118ANZ 2022 Full Year Results TOTAL PORTFOLIO COMPOSITION Exposure at Default (EAD) distribution 1. 2. Category % of Group EAD¹ % of Impaired Assets Gross Impaired to EAD¹ Assets² Sep 21 Mar 22 Sep 22 Sep 21 Mar 22 Sep 22 Sep 22 Consumer Lending 40.1% 39.3% 37.8% 0.1% 0.1% 0.1% $453m Finance, Investment & Insurance 25.3% 27.5% 28.9% 0.0% 0.0% 0.0% $33m 0.8% 1.3% 3.8% 1.7% 1.2% 2.5% 1.5% 1.5% Property Services 6.2% 6.3% 6.3% 0.1% 0.2% 0.1% $69m Manufacturing 4.0% 3.9% 4.3% 0.1% 0.1% 0.1% $44m Agriculture, Forestry, Fishing 3.1% 3.0% 2.9% 0.6% 0.5% 0.4% $119m Government & Official Institutions 7.3% 5.6% 5.6% 0.0% 0.0% 0.0% $0m 5.6% Wholesale Trade 2.1% 2.5% 2.5% 1.3% 0.9% 0.9% $270m 37.8% Retail Trade 1.5% 1.5% 1.5% 0.7% 0.4% 0.3% 2.9% $49m TOTAL GROUP EAD Transport & Storage 1.8% 1.8% 1.7% 1.9% 1.5% 0.4% $72m 4.3% (Sep 22) $1,152b¹ Business Services 1.2% 1.1% 1.2% 0.4% 0.4% 0.3% $41m Resources (Mining) 1.2% 1.2% 1.3% 0.1% 0.1% 0.1% $10m Electricity, Gas & Water Supply 1.3% 1.4% 1.5% 0.1% 0.1% 0.0% $2m 6.3% Construction 0.8% 0.8% 0.8% 0.9% 0.7% 0.7% $63m Other 4.0% 4.0% 3.8% 0.5% 0.4% 0.5% $220m Total 100% 100% 100% Total Group EAD¹ $1,080b $1,103b $1,152b Gross Impaired Assets $1,445m 28.9% EAD excludes amounts for 'Securitisation' and 'Other Assets' Basel classes, as per APS330. Data provided is on a Post CRM basis, net of credit risk mitigation such as guarantees, credit derivatives, netting and financial collateral Excludes unsecured retail products which are 90+ DPD and treated as Impaired for APS330 reporting 117#119ANZ 2022 Full Year Results COMMERCIAL PROPERTY - SEGMENTS OF INTEREST Outstandings by region, GLA $b Outstandings by sector, % 7.6% 7.6% 7.4% 6.9% 6.6% 6% 6% 8% 7% 7% 50.9 3% 4% 2% 2% 2% 2.3 47.1 46.8 18% 18% 23% 21% 18% 2.1 2.2 42.9 10.9 40.2 2.8 10.9 10.9 2.9 27% 29% 30% 28% 29% 10.5 9.8 17% 14% 15% 19% 18% 37.7 34.1 33.7 29.6 27.5 Sep 18 Sep 19 % of Group GLA (RHS) 26% 26% 27% 25% 25% Sep 20 Sep 21 Sep 22 Sep 18 Sep 19 Sep 20 Sep 21 Sep 22 Australia New Zealand International Retail Industrial Offices Residential Tourism Other • Australian volumes driven mainly by higher lending to the Offices, Retail and Industrial investment together with Residential development • Majority of investment lending is to diversified investment grade REITs or assets with stronger fundamentals and stable earnings profile • • Growth in residential consists of land development (sponsors with large diversified portfolios) and residential apartment development which is increasingly focused on local owner occupier/downsizer demand. Longer term trend volumes in high rise development have declined International portfolio stable with exposure predominantly to large, well rated names in Singapore and Hong Kong (SAR) Growth over the last 12 month has been relatively even across the portfolio of asset types and consequently YoY composition remained relatively stable with only a minor increase in Offices and decrease in Industrial investment exposure 118#120ANZ 2022 Full Year Results ANZ INSTITUTIONAL PORTFOLIO Size & tenor by market of incorporation, $b EAD Sep 221 500 450 523 400 47% 350 300 280 Industry composition 14% Finance 3% 32% Government Administration & Defence Property & Business Services 3% 5% A$523b¹ 8% (Sep 22) 12% 12% 11% Services To Finance & Insurance Manufacturing Wholesale Trade Transport & Storage Electricity Gas & Water Supply Other 250 30% 155 200 4% 10% 0% 150 53% 116 34% 100 70% 27% 15% 50 73% A$523b¹ (Sep 22) 0 Total Institutional Product composition Net Loans, Advances & Acceptances Contingents liabilities, commitments, and other off-balance sheet exposures Investment Securities Cash Derivatives Trading Securities International² Asia 15% Other 22% Tenor <= 1 Yr Tenor 1 Yr+ 1. EAD excludes amounts for 'Securitisation' and 'Other Assets' Basel classes, as per APS330. Data provided is on a Post CRM basis, net of credit risk mitigation such as guarantees, credit derivatives, netting and financial collateral 2. International includes Asia Pacific, Europe and America 119#121ANZ 2022 Full Year Results ANZ ASIAN INSTITUTIONAL PORTFOLIO Market of incorporation ANZ Asia industry composition 2% 4% 19% 8% 8% 2% 3% 3% China 6% A$116b¹ Japan South Korea India 3% 3% 12% (Sep 22) 21% Singapore Hong Kong (SAR) Taiwan Indonesia Other 8% A$116b¹ 53% (Sep 22) 7% 26% 12% Finance Manufacturing Wholesale Trade Services to Finance & Insurance Property & Business Services Transport & Storage Communication Services Government Administration & Defence Other ANZ Asia portfolio composition, % of EAD ANZ Asia product composition Investment Grade 93% 7% Non-Investment Grade 1% 12% 10% 41% A$116b¹ (Sep 22) 19% 17% Net Loans, Advances & Acceptances Cash Derivatives Investment Securities Contingents liabilities, commitments, and other off-balance sheet exposures Other assets 1. EAD excludes amounts for 'Securitisation' and 'Other Assets' Basel classes, as per APS330. Data provided is on a Post CRM basis, net of credit risk mitigation such as guarantees, credit derivatives, netting and financial collateral 120#1222022 FULL YEAR RESULTS HOUSING PORTFOLIO INVESTOR DISCUSSION PACK#123ANZ 2022 Full Year Results AUSTRALIA HOME LOANS - PORTFOLIO OVERVIEW Unless otherwise stated metrics are based on balances Portfolio¹ Flow² Portfolio¹ FY20 FY21 FY22 FY21 FY22 FY20 FY21 FY22 Number of Home Loan accounts 1,008k 1,002k 968k 179k³ 172k³ Average LVR at Origination 9,10 69% 71% 68% Total FUM $275b $278b $283b $68b $75b Average Dynamic LVR (excl. offset) 10,11 56% 51% 48% Average Loan Size4 $273k $277k $292k $412k $474k Average Dynamic LVR (incl. offset) 10,11 50% 45% 43% Market share12 14.5% 13.7% 13.0% % Owner Occupied5 68% 68% 68% 68% 65% % Ahead of Repayments 13 72% 70% 69% % Investor5 30% 30% 31% 31% 35% Offset Balances 14 $32b $36b $39b % Equity Line of Credit 2% 2% 1% 1% 0% % First Home Buyer 8% 8% 8% % Paying Variable Rate Loan? 78% 67% 72% 55% 77% % Low Doc 15 3% 2% 2% % Paying Fixed Rate Loan? 22% 33% 28% 45% 23% Loss Rate 16 0.03% 0.03% 0.01% % Paying Interest Only 11% 9% 9% 14% 16% % Broker Originated 53% 53% 52% 56% 58% % of Australia Geography Lending 17,18 % of Group Lending 17 62% 64% 61% 44% 44% 42% 1. Home Loans portfolio (includes Non Performing Loans, excludes Offset balances) 2. YTD unless noted 3. New accounts includes increases to existing accounts and split loans (fixed and variable components of the same loan) 4. Average loan size for Flow excludes increases to existing accounts 5. The current classification of Investor vs Owner Occupied is based on ANZ's product category, determined at origination as advised by the customer and the ongoing precision relies primarily on the customer's obligation to advise ANZ of any change in circumstances 6. ANZ Equity Manager product no longer offered for sale as of 31 July 2021 7. Excludes Equity Manager Accounts 8. Based on customers that request a specific interest only period and does not include loans being progressively drawn e.g. construction 9. Originated in the respective year 10. Unweighted based on # accounts and includes capitalised LMI premiums 11. Valuations updated to Aug 22 where available. Includes Non Performing Loans and excludes accounts with a security guarantee and unknown DLVR 12. Source: APRA Monthly Authorised Deposit-Taking Institutions Statistics (MADIS) to Aug 22 13. % of Owner Occupied and Investor Loans that have any amount ahead of repayments based on available redraw and offset 14. Offset balances reflect only those balances linked to Home Loan accounts, restated to exclude balances in offset accounts which are no longer linked to an active Home Loan account 15. Low Doc is comprised of less than or equal to 60% LVR mortgages primarily for self-employed without scheduled PAYG income. However, it also has <0.1% of less than or equal to 80% LVR mortgages, primarily booked pre-2008. Note Low Doc lending at ANZ is no longer offered 16. Annualised write-off net of recoveries 17. Based on Gross Loans & Advances 18. Australia Geography includes Australia Retail, Australia Commercial and Institutional Australia 122#124AUSTRALIA HOME LOANS - PORTFOLIO COMPOSITION ANZ 2022 Full Year Results Home Loan flows (Gross Loans & Advances¹), $b 7 1 13 12 99 7 8 4 7 00 8 3 2 8 00 8 2 2 28 28 24 24 26 26 2 24 24 8 8 8 7 Loan balance & lending flows¹, $b 11 5 19 6 7 0 7 8 278 7 7 3 13 6 221 21 16 17 = 19 19 13 25 23 15 53 1 283 -64 26 26 27 Sep 21 New Sales excl. Refi-In Net OFI Refi Redraw & Interest Repay/Other Sep 22 Home Loan FUM composition 1,2, $b 55 278 21 62 62 +3 283 23 63 180 185 190 156 164 -26 -26 -26 -27 -27 -27 -25 -24 272 275 -27 -26 265 -28 -30 8 -31 7 21 -33 -33 37 26 8 14 22 60 54 60 49 -1 -2 -3 2H15 1H16 2H16 1H17 2H17 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 Sep 18 Sep 19 Sep 20 Sep 21 Sep 22 New Sales Net OFI Refinance Redraw & Interest Repay/Other OO P&I Inv P&I 00 1/0 Inv I/O Equity Manager 1. Based on Gross Loans and Advances. Includes Non Performing Loans 2. The current classification of Investor vs Owner Occupied is based on ANZ's product category, determined at origination as advised by the customer and the ongoing precision relies primarily on the customer's obligation to advise ANZ of any change 123 in circumstances. Interest Only (I/O) is based on customers that request a specific interest only period and does not include loans being progressively drawn e.g. construction. ANZ Equity Manager product no longer offered for sale as of 31 July 2021#125ANZ 2022 Full Year Results AUSTRALIA HOME LOANS - PORTFOLIO COMPOSITION & FLOW By Purpose, % of Total Balances Portfolio 1,2 2% 2% 30% 30% Flow³ 1% 0% 31% 35% 68% 68% 68% 65% Sep 20 Sep 21 Sep 22 FY22 Owner Occupied Investor Equity Manager By Location, % of Total Balances 1. 2. By Origination LVR4,5, % of Total Balances Flow³ 17% 22% 17% 20% 20% 21% 63% 57% 63% FY20 FY21 FY22 <80% LVR 80% LVR >80% LVR By Channel, % of Total Balances Portfolio¹ Flow³ Portfolio¹ Flow³ 6% 6% 6% 6% $275b $278b $283b $75b 12% 11% 10% 8% $68b $61b 15% 15% 15% 16% 47% 47% 48% 42% 44% 43% 33% 33% 33% 33% 34% 35% 35% 37% Sep 20 Sep 21 Sep 22 FY22 VIC/TAS NSW/ACT QLD WA SA/NT 53% 53% 52% 57% 56% 58% Sep 20 Broker Sep 21 Proprietary Sep 22 FY20 FY21 FY22 Includes Non Performing Loans The current classification of Investor vs Owner Occupied is based on ANZ's product category, determined at origination as advised by the customer and the ongoing precision relies primarily on the customer's obligation to advise ANZ of any change in circumstances 3. Based on drawn month 4. ANZ Equity Manager product no longer offered for sale as of 31 July 2021 5. Includes capitalised LMI premiums 124#126ANZ 2022 Full Year Results AUSTRALIA HOME LOANS - PORTFOLIO RESILIENCE Home Loans repayment profile 1,2 % of accounts ahead of repayments Home Loans on time and <1 month ahead profile 2,3 % composition of accounts 40 33% 30 35% 36% 20 28% 22% 10 16% 19% 21% 24% 0 Overdue On Time <1 month 1-3 months 3-6 months ahead ahead ahead 6-12 months ahead 1-2 years ahead >2 years ahead Sep 21 Sep 22 Sep 20 Sep 21 Sep 22 Dynamic LVR based on portfolio balances 14,% 60 560 50 40 40 >90% Net of offset balances5 ⚫3.0% of portfolio • 42% ahead of repayments² • 35% with LMI NEGATIVE EQUITY 30 20 10 20 50 Offset account balances5 Investment: Interest payments may receive negative gearing/tax benefits New Accounts: ≤ 12 months old Structural: Loans that restrict payments in advance eg. fixed rate loans Residual: Less than 1 month repayment buffer 39 40 40 35 36 13% 38 14% 14% 15% 32 12% 12% 30 27 10% 27 10% 28 11% 10% Net of offset balances5 ⚫0.7% of portfolio 20 20 • 45% ahead of repayments² 10 •23% with LMI 0 0-60% Sep 20 61-75% Sep 21 76-80% Sep 22 81-90% 91-95% 96-100% 100%+ Includes Non Performing Loans 5% 0 0% Mar 19 Sep 19 LHS: Offset balances ($b) Mar 20 Sep 20 Mar 21 Sep 21 Mar 22 Sep 22 RHS: Offset balances as a % of home loan FUM 1. 2. 3. % of Owner Occupied and Investment Loans that have any amount ahead of repayments. Excess repayments based on available redraw and offset. Excludes Equity Manager Accounts The current classification of Investor vs Owner Occupied, is based on ANZ's product category, determined at origination as advised by the customer and the ongoing precision relies primarily on the customer's obligation to advise ANZ of any change in circumstances. Note: hierarchy changed from previous disclosures 4. Includes capitalised LMI premiums and excludes offset balances, accounts with a security guarantee and unknown DLVR. Valuations updated to Aug 22 where available 155 5. Offset balances reflect only those balances linked to Home Loan accounts, restated to exclude balances in offset accounts which are no longer linked to an active Home Loan account 125#127ANZ 2022 Full Year Results AUSTRALIA HOME LOANS - PORTFOLIO RESILIENCE Fixed rate Home Loan expiry profile, $b 27 21 21 18 لليل 14 11 11 ANZ flow borrowing capacity1, FY22 7% 3% 90% Surplus Capacity Minimal Capacity At Capacity 30+ DPD at Sep 22 by fixed rate expiry month 1H22 2H22 1H23 2H23 1H24 2H24 >2H24 1.2 The chart reflects the 30+ DPD as at Sep 22 for all fixed rate loans that expired in the specified month e.g. the 30+ DPD as at Sep 22 for all fixed rate loans that expired in Oct 21 is 0.4% 1.0 0.8 For new ANZ fixed rate loans, serviceability is assessed as: if the standard variable rate (less customer discount) plus the 3% serviceability buffer is higher than the customer fixed rate, then the higher of the standard variable rate (less customer discount) plus the 3% serviceability buffer and the floor rate which is currently 5.1% else the higher of the customer fixed rate plus the 3% serviceability buffer and the floor rate which is currently 5.1% 0.6% 0.6% 0.6 0.5% 0.5% 0.4% 0.4% 0.3% 0.4 0.4% 0.2% 0.2% 0.2% 0.2 0.0 Oct 21 -- Nov 21 Dec 21 Jan 22 Portfolio 30+ DPD at Sep 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22 30+ DPD by fixed rate expiry month Jul 22 Aug 22 1. Borrowing Capacity is determined after income and expense buffers and shading are applied, and based on verified income only. Majority of lending 'at capacity' is bridging finance 126#128ANZ 2022 Full Year Results AUSTRALIA HOME LOANS - BOOK · BOOK ORIGINATED AND ATTRIBUTES Home Loans portfolio, Sep 22 Time on Book ($b) 1. 2. 283 > 24 months 57% Origination LVR profile 123 13 24 months 18% 80% or less LVR 80% LMI Customer has 3 months+ savings buffer¹ ANZ has limited exposure to recently originated lending at high LVRs with no LMI, and much of this cohort has savings buffers in excess of 3 months of repayments: $4b of the $283b Home Loans portfolio (or <1.5%) has been on book less than 24 months, has an LVR of greater than 80% with no LMI and less than 3 months savings buffers <= 12 months 25% 24 Of the $4b with less than 3 months savings buffer: Yes Yes 46% 13 . >80% LVR 20% $1.2b (29%) are investor loans No 54% No 69% Sep 22 31% Sep 22 Sep 22 • Sep 22 $475m (11.5%) have UMI²≤ $100 $68m (1.65%) are one or more payment past due and <$1m (0.02%) are 90+ days past due Buffers are calculated at customer level, incorporating all Retail debts within the customer cluster at ANZ, and all funds available in ANZ redraw, offset and transaction and savings accounts Uncommitted monthly income (UMI) is determined after income and expense buffers and shading are applied, and based on verified income only 127#129ANZ 2022 Full Year Results AUSTRALIA HOME LOANS - PORTFOLIO PERFORMANCE Home Loans 90+ DPD (by State) 1,2 % of Portfolio Segment Balances 2.5 2.0 1.5 1.0 0.5 0.0 VIC & TAS NSW & ACT QLD Mar 18 Sep 18 Mar 19 Sep 19 Mar 20 Sep 20 Mar 21 Sep 21 Mar 22 Sep 22 Home Loans delinquencies 1,2,3,4 % of Portfolio Segment Balances 2.5 2.0 1.5 1.0 0.5 0.0 Mar 18 Sep Mar Sep Mar Sep Mar Sep Mar Sep 18 19 19 20 20 21 21 22 22 30+ DPD % 90+ Owner Occupied 90+ Investor Home Loans 90+ DPD (by vintage)5, % 2.5 2.0 1.5 1.0 0.5 0.0 WA SA & NT Portfolio 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 FY15 FY16 - FY17 FY18 FY19 FY20 FY21 FY22 1. Includes Non Performing Loans 2. ANZ delinquencies are calculated on a missed payment basis for amortising and Interest Only loans 3. The current classification of Investor vs Owner Occupied, is based on ANZ's product category, determined at origination as advised by the customer and the ongoing precision relies primarily on the customer's obligation to advise ANZ of any change in circumstances 4. 30+ and 90+ between Mar 20 and Jun 20 excludes eligible Home Loans accounts that had requested COVID-19 assistance but due to delays in processing had not had the loan repayment deferral applied to the account 5. Home Loans 90+ DPD vintages represent % ratio of ever 90+ delinquent (measured by # accounts), contains at least 6 application months of that fiscal year contributing to each data point 128#130ANZ 2022 Full Year Results Income & Expenses Know Your Customer AUSTRALIA HOME LOANS - UNDERWRITING PRACTICES & POLICY CHANGES Multiple checks during origination process Pre-application² Application Underwriting Practices & Policy Changes¹ Aug 2015 Interest rate floor applied to new and existing mortgage lending at 7.25% Apr 2016 Jun 2017 Income Verification³ Nov 2018 Serviceability Income Sensitisation Expense Models Interest Rate Buffer Repayment Sensitisation May 2019 Jul 2019 Quality assurance, info verification & policy reviews Oct 2019 LVR Policy Collateral/Valuations LMI Policy Feb 2020 Valuations Policy Credit History Aug 2020 Credit Assessment Bureau Checks Feb 2021 Interest rate floor decreased to 5.10% Fulfilment Documentation Security Aug 2021 Withdrew Equity Manager product offering Nov 2021 Increase of interest rate buffer to 3.0% End-to-end home lending responsibility managed within ANZ Effective hardship & collections processes May 2022 Introduced Simpler Switch proposition which allowed a more streamlined Home Loan application • Full recourse lending Jun 2022 • ANZ assessment process across all channels Debt to Income ratio restrictions tightened to decline lending greater than 7.5x Introduction of an income adjusted living expense floor (HEM) Introduction of a 20% haircut for overtime and commission income Minimum default housing expense (rent/board) applied to all borrowers not living in their own home and seeking Investor (or Equity) loans Enhanced Responsible Lending processes including additional enquiry regarding expenses and increase in minimum monthly credit card expense Introduced the break down of borrowers' living expenses (subsequently increased from 14 categories to 22 in Sep 2020) Increase of interest rate buffer to 2.50% and reduction of interest rate floor to 5.50% (replacing the 7.25% APRA floor) Introduced Debt to Income restrictions to decline lending greater than 9x DTI Introduced a residential rental income yield cap at 7% of the security value Interest rate floor decreased to 5.25% Introduced investment income yield caps: interest income capped at 3% and dividend income capped at 6% Withdrew Low Doc lending Additional Debt to Income restrictions requiring manual assessment where DTI is between 7x and 9x 1. 2. 2015 to 2022 material changes to lending standards and underwriting, excludes temporary COVID related policies Customers have the ability to assess their capacity to borrow on ANZ tools 3. 4. Introducing a streamlined refinance process for a segment applications eligible for the simpler switch proposition The HEM benchmark is developed by the Melbourne Institute of Applied Economic and Social Research ('Melbourne Institute'), based on a survey of the spending habits of Australian families 129#131ANZ 2022 Full Year Results BUILT INTERNAL CAPABILITIES TO SUPPORT RETAIL AND BUSINESS CUSTOMERS IN DIFFICULTY We proactively identify potential financial stress using dynamic customer data... Savings accounts Credit accounts Offset accounts ...and we find ways to contact our customers to help them Insufficient funds in direct debit account Courtesy reminders of next due date 1. о o о Analyses customer transaction accounts to help understand financial behaviour and potential future outcomes + Analyses events (including interest rate changes, increases $ о о ° in living expenses and cashflow), and what the impact will be on a financial position ANZ payment behaviour CCR1 repayment behaviour Used to initiate pre-delinquency and proactive assistance SMS contact with customers Comprehensive Credit Reporting. Information is being used in accordance with The Privacy Act 1988 Potential hardship Automated SMS Contact Strategies Offer to set up automated payment Offer to help if situation changes Other reminders & offers for contact 130#132ANZ 2022 Full Year Results LENDERS MORTGAGE INSURANCE September Full Year 2022 results Gross Written Premium ($m) Net Claims Paid ($m) Loss Rate* (of Loan Exposure - annualised) $97.9m $5.6m 1.7bps *Negative Loss Rate driven by reductions in outstanding claims provisions ANZLMI claims loss ratios remained comparable to peers¹ 200% Industry ANZ LMI LMI 1 LMI 2 LMI 3 150% 100% 50% 0% -50% FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 LMI & Reinsurance structure Australian Home Loan portfolio LMI and Reinsurance structure at 30 Sep 22 (% New Business FUM Oct 21 to Sep 22) 80%-90% LVR Aggregate Stop Loss² Arrangement on Net Risk Retained (LVR > 80%) Not LMI Insured 87% LMI Insured 13% 7% 6% > 90% LVR Quota Share3 Arrangement (LVR >90%) 2022 Reinsurance Arrangement ANZLMI uses a diversified panel of reinsurers (10+) comprising a mix of APRA authorised reinsurers and reinsurers with highly rated security Reinsurance is comprised of a Quota Share arrangement with reinsurers for mortgages 90% LVR and above and in addition an Aggregate Stop Loss arrangement for policies over 80% LVR 1 Source: APRA general insurance statistics (loss ratio net of reinsurance). 2. Aggregate Stop Loss arrangement-reinsurer indemnifies ANZLMI for an aggregate (or cumulative) amount of losses in excess of a specified aggregate amount. When the sum of the losses exceeds the pre-agreed amount, the reinsurer will be liable to pay the excess up to a pre-agreed upper limit. 3. Quota Share arrangement - reinsurer assumes an agreed reinsured % whereby reinsurer shares all premiums and losses accordingly with ANZLMI 131#133ANZ 2022 Full Year Results NEW ZEALAND HOME LOANS - PORTFOLIO OVERVIEW FY20 Portfolio FY21 Flow Portfolio FY22 FY21 FY22 FY20 FY21 FY22 Number of Home Loan Accounts 529k 535k 538k 82k 56k Average LVR at Origination 58% 57% 56% Total FUM NZD90b NZD99b NZD104b NZD29b NZD24b Average Dynamic LVR 40% 35% 37% Average Loan Size Market Share² 30.5% 30.4% 30.5% NZD169k NZD185k NZD194k NZD352k NZD434k % Low Doc³ 0.30% 0.26% 0.22% % Owner Occupied 75% 75% 76% 74% 79% Home Loan Loss Rates 0.00% 0.00% 0.00% % Investor 25% 25% 24% 26% 21% % of NZ Geography Lending 67% 70% 71% % Paying Variable Rate Loan¹ 13% 10% 11% 14% 25% % Paying Fixed Rate Loan¹ 87% 90% 89% 86% 75% % Paying Interest Only 21% 15% 13% 18% 20% % Paying Principal & Interest 79% 85% 87% 82% 80% % Broker Originated 40% 43% 47% 46% 56% 1. 2. 3. Flow excludes revolving credit facilities Source: RBNZ, market share at NZ Geography level, FY22 data as at August 2022 Low documentation (Low Doc) lending allowed customers who met certain criteria to apply for a mortgage with reduced income confirmation requirements. New Low Doc lending ceased in 2007 132#134ANZ 2022 Full Year Results NEW ZEALAND LOANS - HOME LENDING & ARREARS TRENDS Home Loan LVR profile¹ Housing flows Housing portfolio 2% 1% 1% 3% 13% 3% 6% 5% 42% 46% 56% 13% 10% 12% 19% 63% 80% 10% 11% 87% 90% 89% 14% 58% 54% 44% 68% FY20 Proprietary Broker FY21 FY22 Sep 20 Sep 21 Sep 22 Fixed Variable Housing portfolio by region 1% 1% 1% 24% 25% 25% 12% 11% 11% 6% 6% 7% 11% 11% 11% 46% 46% Market share² 30.5% 30.4% 30.5% 11.3% 10.8% 45% 6.7% 6.2% 5.0% 5.5% Sep 22 FY20 FY21 FY22 Sep 20 Sep 21 Sep 22 Sep 20 Sep 21 0-60% 61-70% 71-80% 81-90% 90%+ Auckland Wellington Christchurch Other Sth Is. Other Nth Is. Other 1. Dynamic basis 2. Source: RBNZ, market share at NZ Geography level, FY22 as at Aug 22 ANZ market share System growth ANZ growth 133#135ANZ 2022 Full Year Results FURTHER INFORMATION ANZ Shareholder Centre Personal Business Institutional Search About ANZ Your Shareholding Calendar and events Reporting Investor Toolkit Shareholder Contact ANZ Shareholder Centre Full Year Results Announcement Thursday, 27th October 2022 at 10:00 am (AEDT) Find out more Quick links Log on Find ANZ Contact Log on to Computershare Shareholder ANZ Shares Select other log in Financial calendar ca Share prices Dividend information Annual report About ANZ Corporate governance How we make affective and responsible decisions. Learn more ANZ Share Information Our people Get to know our Board of Directors and Executives. Our Purpose and Strategy Information on our strategy, purpose and markets Learn more Business structure Information on how our business is structured. 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Learn more Share registry profile Ownership by type and domicile over time. Learn more Other information Financial summaries, capital management and more. Learn more Results annoucements Financial disclosures, investor packs and more. Learn more Other reporting Regulatory disclosures. Trading updates, NZ disclosure statements and more. Learn more Note on reconciliation between the Consolidated Financial Report Dividend Announcement and Appendix 4E and the Results Presentation & Investor Discussion Pack: During the September 2022 half, the Group revised its treatment of ongoing trail commission payable to mortgage brokers to recognise a liability within Payables and other liabilities equal to the present value of expected future trail commission payments and a corresponding increase in capitalised brokerage costs in Net loans and advances. The balance at 30 September 2022 was $1,226 million for the Australia Retail division and $94 million for the Australia Commercial division. Comparative information has not been restated This increase in balance is not reflected in the Investor Discussion Pack Housing portfolio and associated charts https://www.anz.com/shareholder/centre/ Equity Investors Jill Campbell Group General Manager Investor Relations +61 3 8654 7749 +61 412 047 448 [email protected] Cameron Davis Executive Manager Investor Relations +61 3 8654 7716 +61 421 613 819 [email protected] Harsh Vardhan Senior Manager Investor Relations +61 3 8655 0878 +61 466 848 027 [email protected] Retail Investors Michelle Weerakoon Manager Shareholder Services & Events +61 3 8654 7682 +61 411 143 090 [email protected] Debt Investors Scott Gifford Head of Debt Investor Relations +61 3 8655 5683 +61 434 076 876 [email protected] Steven Aquilina Associate Director Investor Relations +61 3 8654 7778 +61 447 744 542 [email protected] 134