Investor Presentaiton
STRONG CAPITAL POSITION
GROUP BASEL III COMMON EQUITY TIER 1 CAPITAL RATIO
(%)
Capital generation +72bps
11.47
0.78
(+69bps ex DRP)
(0.20)
0.14
0.12
0.06
12.75
12.37
1
Sep 20
Cash earnings
Dividend
(net DRP)
RWA
Rates and FX MTM
Other
Mar 21
CET1 CONSIDERATIONS
GROUP RWA
($bn)
•
Strong organic capital generation over the period, with
•
low CICs, asset quality impacts and asset growth
Completion of MLC Wealth sale³ estimated to add
(5.8)
(1.4)
(0.0)
(0.3)
Mar 21
pro forma²
2
~35bps CET1, expected to complete in 2H21 subject to
timing of regulatory approvals
425.1
417.6
•
If current economic conditions continue, material credit
risk migration is not expected
•
Level 1 CET1 ratio of 12.40%
•
DRP for 1H21 dividend to be neutralised
Sep 20
Credit Risk Operational Market Risk
Risk
IRRBB
Mar 21
(1) Excludes FX translation
(2)
(3)
Adjusted for estimated impacts from agreed sale of MLC Wealth (~35bps) and BNZ Life (~7bps) less acquisition of 86 400 (~4bps). Sale of MLC Wealth and acquisition of 86 400 expected to
complete in 2H21, and sale of BNZ Life expected to complete in 1H22, in each case subject to relevant approvals. Final capital impact of each transaction will be determined following completion.
ASX announcement on 31 August 2020; the purchase price of $1,440m comprises $1,240m in cash proceeds from IOOF and $200m in the form of a 5-year structured subordinated note in IOOF
National
Australia
28
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