Investor Presentaiton

NEW ZEALAND HOUSING LENDING KEY METRICS New Zealand Housing Lending Total Balances (spot) NZ$bn NEW ZEALAND BANKING Sep 19 Mar 20 Sep 20 Mar 21 Mar 20 Portfolio Sep 20 Drawdowns¹ Mar 21 43.0 44.8 46.0 49.5 5.8 5.1 9.5 By product - Variable rate - Fixed rate - Line of credit 15.9% 15.2% 14.1% 12.9% 15.4% 15.1% 11.2% 81.7% 82.6% 84.1% 85.5% 84.0% 84.6% 88.2% 2.4% 2.2% 1.8% 1.6% 0.6% 0.3% 0.6% By borrower type Owner Occupied 66.2% 66.4% 66.0% 64.5% 70.2% 64.5% 60.1% - Investor 33.8% 33.6% 34.0% 35.5% 29.8% 35.5% 39.9% By channel - Proprietary - Broker Low Documentation Interest only² LVR at origination 90+ days past due Impaired loans Specific Impairment coverage ratio Loss rate³ 80.0% 77.9% 76.2% 73.7% 70.8% 68.8% 67.9% 20.0% 22.1% 23.8% 26.3% 29.2% 31.2% 32.1% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 20.4% 24.4% 25.5% 20.2% 29.2% 28.2% 28.5% 66.5% 66.7% 66.8% 66.0% 0.07% 0.11% 0.13% 0.14% 0.03% 0.03% 0.02% 0.01% 17.0% 25.5% 26.3% 20.8% 0.01% 0.01% 0.00% 0.00% (1) Drawdowns is defined as new lending including limit increases and excluding redraws in the previous six month period (2) Excludes line of credit products (3) 12 month rolling Net Write-offs / Spot Drawn Balances 47 National Australia Bank

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