ANZ 2022 Full Year Debt Investor Presentation
ANZ 2022 Full Year Debt Investor Presentation
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
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