Investor Presentaiton
ANZ Capital Notes 9
AT1 DISTRIBUTION PROTECTIONS
ANZBGL'S CET1 CAPITAL POSITION AND STRONG EARNINGS PROVIDE BUFFERS FOR AT1 INVESTORS
Level 1 CET11, % CET1 Ratio
•
•
AT1 distributions may be progressively restricted if ANZBGL's CET1 capital ratio drops to or
below APRA's minimum capital requirement plus prescribed regulatory combined capital
buffers. Under APRA's current rules this equates to a CET1 ratio of approximately 10.25%
ANZBGL's Ordinary share dividends are subject to the dividend restriction if any AT1
distributions are not paid. There is no equivalent restriction on ANZGHL.
Total AT1 distributions = ~10% of ANZGHL's total ordinary equity dividends in FY23 (~7% in
FY22), and ~6% of statutory profit in FY23 (~4% in FY22)
14
12
10
8
6
4
2
0
6
5
4
3
2
1
Ordinary dividend and AT1 coupons, A$bn
0
FY18
FY19
FY20
FY21
FY22
FY23
AT1 Coupons
Dividend
1.
On 1 January 2023, the Minimum Capital Ratio (i.e. the minimum CET1 capital requirement and Combined Capital Buffer)
increased from 8% to approximately 10.25%. Prior periods are restated on this basis
Sep Mar Sep Mar Sep Mar Sep Mar Sep Mar Sep Dec
18 19 19 20 20 21 21 22 22 23 23 23
Level 2 CET11, % CET1 Ratio
14
12
10
00
8
10
6
st
4
2
0
18
Sep Mar Sep Mar Sep Mar Sep Mar Sep Mar Sep Dec
19 19 20 20 21 21 22 22 23 23 23
Minimum Common Equity Tier 1 (CET1) capital requirement
Combined Capital Buffer
CET1 above 10.25%
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