Investor Presentaiton

ANZ 2023 Half Year Results EXPECTED CREDIT LOSS - ECONOMIC SCENARIOS: MODELLED OUTCOMES (COLLECTIVE PROVISION BALANCE SCENARIOS)¹ Mar 23, $m Economic scenarios Actual Base case 2 CY2021A CY2022A CY2023F CY2024F 31 March 2023 Australia GDP change³ 4.5% 3.6% 2.0% 1.2% 0% Weightings to scenarios to determine CP balance 45% Unemployment rate4 5.1% 3.7% 3.7% 4.2% 40% 15% Resi. property price change³ 21.0% -6.9% -9.2% 4.2% 7,314 New Zealand GDP change³ 5.5% 2.8% 1.4% -0.1% Additional overlays Scenario & weights 100% base case 4,040 Unemployment rate4 3.8% 3.3% 3.9% 5.2% Resi. property price change³ 26.5% -13.0% -9.7% 2.2% Australia peak impacts of economic scenarios Base case Downside Severe Unemployment Peak next 2 years 4.4% 6.9% 10.5% 817 3,272 Resi. property prices Peak to trough drop -16% -23% -45% GDP Lowest over 3 years 1.2% -1.1% -2.8% 1,407 1,816 1,315 1,816 New Zealand peak impacts of economic scenarios Unemployment Peak next 2 years Base case Downside Severe 5.4% 6.8% 8.9% Resi. property prices Peak to trough drop -17% -25% -46% CP balance (ECL) 100% upside 100% base case 100% downside 100% severe GDP Lowest over 3 years -1.1% -2.0% -2.8% 1. 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 2. Subset of a range of economic indicators shown. Economic forecasts also undertaken for international markets 3. 12 months to December Year on Year change 4. Annual average: 12 months to December 5. Peak based on June 2022 quarter 116

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