ANZ 2022 Full Year Debt Investor Presentation
ANZ 2022 Full Year Debt Investor Presentation
ILLUSTRATIVE CAPITAL AND REPLICATED DEPOSIT PORTFOLIO BENEFITS
FROM INCREASING AUD, NZD, USD RATE ENVIRONMENT
Portfolio Balance, EOP $b
Portfolio interest earning rates impact³
Illustrative potential NII benefit
142
141
Sensitive to short
30
37
term interest rates¹
111
Sensitive to longer
term interest rates²
105
Mar 22
Sep 22
2.4%
PROSPECTIVE BENEFIT FROM
HIGHER INTEREST EARNING RATES
0.2%
Further benefits are dependent on
future central bank rate decisions
Mar 22 monthly
earning rate
Sep 22 monthly
earning rate
Relative to 12 months
ended Sep 2022
In Year 1
(FY23)
In Year 3
(FY25)
Additional NII earned
~+$1.5b
~+$3.2b
1.5%
1.3%
Further benefits of higher current term
interest rates will be seen
progressively as maturities are
gradually reinvested over next 5 years.
Step-up is non-linear.
Delta on Group NIM
~+17bps
~+34bps
Mar 22 monthly
earning rate
Sep 22 monthly
earning rate
This page may contain forward-looking statements or opinions. Please refer to ANZ's Disclaimer and Important Notice with respect to such statements on page 1
1.
Overnight to 3 month interest rates
2.
Primarily 3-to-5-year term interest rates
3.
Mar 22 and Sep 22 Month rates denote actual portfolio monthly earnings rate achieved
4.
Future years illustration highlights the potential impact on NII assuming current longer term reinvestment rates are maintained, and shorter-term interest rates follow the path currently forecast by ANZ Research (as at 25 October 2022). Rate timing
and magnitude outlined on page 55. Key assumptions: Stable FX rates; Replicating and Capital Portfolio construct remains at current levels in terms of volumes, regions and tenor mix; benefits relate only to Capital and Replicating portfolio. This is a
simplified analysis and does not capture the impact of any additional management actions, competitive pressures or other uncertainties
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