Investor Presentaiton
ANZ 2023 Half Year Results
OUR RESOURCES PORTFOLIO
Resources Portfolio, EAD¹ $b
20.0
1.7
0.6
17.3
17.0
1.3
16.2
0.8
0.5
15.3
0.7
0.8
1.2
1.0
0.9
14.5
2.9
0.4
0.7
14.0
1.1
0.7
1.5
1.2
0.2
0.8
13.0
0.5
12.9
0.9
1.0
0.3
1.7
0.4
0.3
1.0
1.2
0.6
1.0
0.6
4.9
1.4
1.2
0.6
5.2
5.4
0.9
1.0
4.0
4.4
4.9
3.5
3.9
4.8
8.6
8.2
8.2
7.8
7.4
7.0
7.0
5.9
5.6
Sep 15
Sep 16
Sep 17
Sep 18
Sep 19
Sep 20
Sep 21
Sep 22
Mar 23
Thermal Coal Mining
Metallurgical Coal Mining
Other Mining
Services to Mining
Metal Ore Mining
Oil & Gas Extraction
Thermal Coal Mining, EAD¹ $b
2.0
1.5
1.0
0.5
0.0
Sep Sep Sep Sep Mar Sep Mar Sep Mar Sep Mar Sep Mar
15 16 17 18 19 19 20 20 21 21 22 22 23
Since 2015 our exposure to thermal coal mining has reduced by ~82%
ANZ's exposure to thermal coal mining is a small portion of our overall
lending (now comprising <0.02% of Group EAD)
Movements in Oil and Gas and Thermal
Coal Mining exposures
Some of the movements in our exposures this half can be attributed to
APRA's capital reforms², which changes the factors applied to loan amounts
used to determine our EAD. The result is that we are required to hold more
capital for certain types of lending and other banking facilities, and less for
others. The impact on two sectors is outlined below:
•
Our thermal coal mining exposure³ increased this half, almost entirely
related to the impact of the capital reforms. The majority of our
exposures to the thermal coal mining sector are made up of mining
rehabilitation guarantees, which requires increased capital under the
reforms. The increase was not due to new lending to the sector.
Our upstream oil and gas exposures decreased, driven by the capital
reforms, lower lending balances, and decreases in trade and markets
exposures during the half.
1.
Exposure at Default
2.
3.
APRA release minor amendments to capital frameworks for ADIs: https://www.apra.gov.au/news-and-publications/apra-releases-minor-amendments-to-capital-framework-for-adis
This exposure is to the ANZSIC code 1102, ie those customers for whom thermal coal mining is their predominant activity. It does not include other thermal coal mining exposure to diversified miners, which will be captured under other ANZSIC
codes
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