1H24 Financial Results
•
Mining, oil & gas
Managing sub-sector exposures in line with strategy, stable portfolio performance
Overall decrease in Oil and Gas extraction sub-sector.
Stable performance over the past 6 months:
- Investment grade largely stable at 64% of portfolio.
- Diversified by commodity/customer/region.
- Focus on quality, low cost projects with strong fundamentals and
sponsors.
Oil & Gas Extraction is the largest sub-sector (30% of total), 86%
investment grade.
Troublesome and impaired level reduced to 0.5%.
7.5
7.4
6.8
Group exposure
Dec 22
Jun 23
68.0 66.3 64.1
Dec 23
0.7
0.5 0.5 0.5
0.9 0.5
0.7
0.7
0.8
TCE ($bn)
% of Group TCE
% of portfolio
investment grade
% of portfolio
graded TIA
% of provisions
to TCE
Group exposure by sector¹
Dec 22
Jun 23
Dec 23
3.1
2.6
2.0
1.9
1.9
1.9
1.4
1.0
1.0
1.2
1.3
0.8
0.5
0.5 0.6
$bn
Oil & Gas Extraction²
Metals Mining
Coal Mining³
Mining Services
Other Mining
1. Please see our Environmental and Social Framework commbank.com.au/policies and our 2023 Climate Report commbank.com.au/Climate Report2023 to learn more about our sector-level commitments and
2030 sector-level targets. 2. Includes LNG terminals. 3. Includes all exposure with black coal mining as per the ANZSIC classification.
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