Financial Performance and Remediation Update
OUR EXPOSURES TO THE ENERGY GENERATION AND RESOURCE SECTOR
ENERGY GENERATION EAD BY FUEL SOURCE¹
($bn)
7.79
7.37
7.18
6.83
Gas
1.16
0.98
0.12
0.08
0.78
0.78
0.09
.
■ Coal
1.15
0.08
1.04
1.19
0.99
■Mixed Fuel
1.94
1.74
1.70
2.27
■ Other/Mixed Renewable
1.07
1.18
0.97
0.63
■ Hydro
2.35
2.35
2.31
2.22
Wind
RESOURCE EAD BY TYPE
($bn)
Mar 20
Sep 20
Mar 21
Sep 21
11.54
■Gold Ore Mining
1.45
9.33
0.62
9.15
■Metallurgical Coal Mining
0.74
8.41
1.08
0.79
0.84
■Thermal Coal Mining
0.63
0.60
0.35
0.32
0.52
0.67
0.65
0.93
2.39
0.76
0.65
■Iron Ore Mining
2.05
2.02
2.23
1.40
■Other Mining
1.40
1.41
1.44
■Mining Services
4.09
2
2.74
2.76
2.90
■■Oil & Gas Extraction
Mar 20
Sep 20
Mar 21
Sep 21
•
•
.
Renewables comprise 71.4% of
energy generation EAD at
September 21, increasing from 39%
as at September 2014
Thermal coal exposures decreased
20.8% over the half
Thermal coal exposures have
reduced 32.4% against September
19 cap level
20% of thermal coal mining EAD is
for performance guarantees to
rehabilitate existing coal mining sites
(1) NAB methodology (based upon the 1993 ANZSIC codes) at net EAD basis. Excludes exposure to counterparties predominantly involved in transmission and distribution. Vertically integrated retailers
included and categorised as renewable where majority of their generation activities sourced from renewable energy. More detail at https://www.nab.com.au/about-us/social-impact.
(2) A significant contributor to the reduction of $1.3bn in the Resources portfolio between Mar-20 and Sep-20 is AUD currency appreciation of USD denominated exposures and lower mark-to-market
positions of treasury-related products in the Oil & Gas extraction sector.
105
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