Investor Presentaiton

ASSET QUALITY KEY CONSIDERATIONS • • • 90+ DPD & GIA ratio uplift mainly due to missed payments for a portion of the cohort of Australian home loan customers exiting deferrals Modest reduction in Watch loans post Sep 20 mainly reflects reassessment of deferral customers previously classified as Watch and FX impacts New impaired assets lower due to a lower level of single larger name impairments during 1H21 90+ DPD, GIAS & WATCH LOANS AS A % OF GLAS¹,2 NEW IMPAIRED ASSETS ($m) 807 Small number of well-secured NZ dairy exposures 276 553 539 536 531 271 Mar 19 Sep 19 Mar 20 Sep 20 Mar 21 Re-gradings of performing customers 2.58% 2.30% 1.20% 1.11% 1.03% 1.03% 0.71% Sep 18 0.79% Mar 19 0.93% 0.97% Sep 19 Mar 20 1.03% Sep 20 1.23% Mar 21 90+ DPD & GIAs as a % of GLAS ■Watch loans as a % of GLAS (1) Referral to Watch generally triggered by banker annual reviews through the year or as a result of performing customers experiencing cashflow pressures (2) Eligible deferral customers treated in accordance with APRA guidance, with arrears profile frozen for period of deferral (up to 31 March 2021) 24 24 National Australia Bank

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