ANZ 2023 Half Year Results

ANZ 2023 Half Year Results OPERATING EXPENSES Investment Spend Composition, 1H23 Continued spend on ANZ Plus & Cloud, reduced spend on Regulatory & Compliance following the completion of some key initiatives 30% (2H22 40%) 7% (2H22 6%) (2H22 29%) 35% Capitalised Software Balance¹, $b 3.0 2.5 29% (2H22 25%) 2.0 Growth Regulatory, Compliance & Risk Productivity & Simplification Asset Lifecycle Mgmt Basis: Cash Profit continuing operations 1. Source: Capitalised software balances sourced from publicly available company financials 1.5 1.0 0.5 FY12 ANZ 1H23 avg amortisation period of 2.7 years, down from 4.9 years in FY15 FY14 FY16 FY18 FY20 - ANZ Peer 1 Peer 2 Peer 3 FY22 1H23 71

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