1H24 Financial Results

| • Commercial property Well diversified, moderately leveraged portfolio There have been moderate declines in property values, although some assets with more challenging tenancy profiles, higher vacancies, location or significant capex for refurbishing are experiencing larger declines in value. • Valuation sensitivities demonstrate that the portfolio remains well secured under downside scenarios. A result of active management of Loan to Valuation (LVR), and Interest Coverage origination thresholds which are assessed against future cash flows and interest rate settings. • Tighter origination LVRs are in place for Office properties in high vacancy precincts. Over the half year Office exposure increased in Premium/A grade and decreased in B grade and below. • Office exposures weighted toward Premium/A Grade property with weighted average LVR maintaining a buffer to the Bank's minimum requirements. • • • . • • Retail origination criteria actively managed with tighter criteria for assets with predominantly discretionary retailers as tenants. Portfolio remains well secured. Fully secured 1 exposure has increased from 80% in June 2022 to 82% as at December 2023. Of the 14% that is Unsecured, 95% is to investment grade customers. Exposure is diversified across sectors and by counterparty, with the top 20 counterparties representing 14% of the portfolio. Growth primarily concentrated in sectors with better credit quality or market conditions with exposure to REITS, Industrial and Premium/A grade office increasing and exposure to Secondary Office decreasing. Commercial property exposures outside Australia and New Zealand comprise less than 0.5% of the portfolio. Maintaining close portfolio oversight with serviceability criteria continuing to factor in forecast interest rate changes. 21% of total residential exposure related to apartment development >$20m 89.9 91.9 94.0 6.5 6.6 6.7 TCE ($bn) % of Group TCE Sector Retail Property 25% Industrial Property 13% Residential Property 13% Other Group exposure 43.4 Dec 22 38.1 37.5 Jun 23 Dec 23 % of portfolio investment grade Profile Geography Other Aus & NZ Overseas 13% 3% WA Office 10% Property 23% VIC 17% SA QLD 3% 9% Real Estate Commercial Investment Property Trusts 12% 14% 1. Fully secured is where the exposure is less than 100% of the Bank extended value of the security, which is a discount to the market value of the security. 0.8 1.0 0.7 0.5 0.5 0.5 % of portfolio % of provisions graded TIA to TCE NSW 45% Security1 Unsecured 14% Partially Secured 4% Fully Secured 82% 106

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