Investor Presentaiton

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 - ANZ - Peer 1 Peer 2 Peer 3 FY20 FY22 1H23 71

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