Investor Presentaiton
ANZ Capital Notes 9
AT1 DISTRIBUTIONS AND CONVERSION TRIGGER PROTECTION
ANZBGL'S CET1 CAPITAL POSITION AND STRONG EARNINGS PROVIDE BUFFERS FOR AT1 INVESTORS
CET1 Capital & Combined Capital Buffer
(post Capital Reform)
Management
Buffer
10.25%
4th
Maximum
Distributable
Amount (MDA)
60%
Actions available to strengthen capital
Indicative buffers as at 31 December 20231
% RWA
A$bn
2.4%
Possible actions to be invoked by
ANZBGL if its CET1 ratio declines
below management target
include:
Future earnings
(eg. 12 months
to 30 Sep 23 PBP)
$10.4bn
Combined
3rd
40%
Management
Actions
Capital Buffer
Reducing dividend payout
DRP discount and underwrite
New share issuance
2.8%
CET1 above MDA
$12.1bn
Quartiles
Expense management
A$34.1bn
above
5.75%
2nd
20%
Restricting RWA growth
Common
Asset sales
CET1
above trigger
Equity
Capital
5.125%
1st
0%
4.5%
Combined
Capital Buffer
Restrictions
Combined Capital Buffer is
breached
Regulatory restrictions on ANZBGL
ordinary share dividends,
to top of
Combined
Capital Buffer
$22.0bn
Trigger
Event
discretionary bonuses and AT1
distribution payments as the
Minimum CET1 of
4.5%
Distribution of
current year earnings
is increasingly
restricted as CET1
level falls into the
Combined Capital
Buffer
Hierarchy
Respected
Priority payment of AT1
distributions to prevent the
dividend restriction applying and
to enable ANZBGL to be able to
continue paying dividends on its
ordinary shares dividends.
5.125%
CET1<
5.125%
$22.0bn
1.
Future earnings are not forecast. ANZBGL statutory profit before provisions for the 12 months to 30 September 2023 was $10.4bn. All figures shown are on a Level 2 basis per APRA prudential standards
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