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Investor Presentaiton

Cost base ~$2.5bn gross operating cost target achieved for third year FY23 costs down 1.5% which includes $50m in amortisation of technology and system investment FY23 costs down 2.8% excluding amortisation impact Group administration ratio ex-levies expected to reduce further below ~12% 14 Results Presentation | 21 August 2023 2,503 Group expenses 2,531 2,494 12.7 12.7 11.9 FY21 FY22 FY23 Gross operating costs ($m) -Admin ratio ex levies (%) iag
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