Investor Presentaiton

GROUP OFFICE, RETAIL, TOURISM & LEISURE COMMERCIAL REAL ESTATE¹ GLA PROFILE Limit utilisation ~86% $35.5bn 1.9 $35.9bn 2.0 16.7 16.3 16.9 ■Tourism & Leisure ■Retail ■ Office 17.6 ■Tourism & Leisure ■Retail ■ Office Sep 20 PORTFOLIO CHARACTERISTICS¹ Geographic breakdown WA 4% Qld 14% SA 7% Mar 21 Portfolio security² New Vic 25% Zealand 11% Fully secured 89% Partially secured 5% NSW 33% Other 6% Unsecured 6% KEY CONSIDERATIONS • Office, Retail and Tourism & Leisure (T&L) viewed as most impacted by COVID-19 across Group CRE portfolio • 90+ DPD and impaired assets collectively represent 0.24% ($85m) of GLA, down from 0.26% at Sep 20 Borrower breakdown: Investor 95%, Developer 5% • Office faces more medium term uncertainties, dependent on the extent and timing of return to work and asset-specific lease expiries • ~51% of Australian Office balances are CBD based, ~89% relating to Corporate & Institutional exposures Retail assets with a stronger bias towards non-discretionary tenants remain resilient and sought after. T&L to benefit from recently announced government stimulus • Retail and T&L assets located in CBD locations continue to be most impacted, as CBD office occupancy levels remain below pre- pandemic levels and international borders remain shut. The end of JobKeeper presents an additional headwind • 6% of Australian Retail balances are CBD based, ~51% relating to Corporate & Institutional exposures • 27% of Australian T&L balances are CBD based 89 (1) Measured as balance outstanding as at 31 March 2021 per APRA Commercial Property ARF230 definitions (2) Fully Secured is where the loan amount is less than 100% of the bank extended value of security; Partially Secured is where the loan amount is greater than 100% of the bank extended value of security; Unsecured is where no security is held and/or no value held against the security and negative pledge arrangements are normally in place. Bank extended value is calculated as a discount to market value based on the nature of the underlying security. Unsecured proportion represents Institutional exposures that are weighted towards listed A-REITs and wholesale funds which are lowly geared and exhibit strong debt servicing. National Australia Bank

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