ANZ 2022 Full Year Debt Investor Presentation

ANZ 2022 Full Year Debt Investor Presentation 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 17

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