Investor Presentaiton
COMMERCIAL RESPONSES - CLIMATE CHANGE
Energy generation EAD
7.79
by fuel source¹ ($bn)
7.26
7.37
1.16
6.83
0.94
0.98
0.12
■Gas
0.12
0.08
0.78
1.15
0.08
1.16
1.04
0.99
■ Coal
1.94
1.74
1.93
1.70
■Mixed Fuel
1.07
1.18
■Other/Mixed Renewable
0.97
1.03
■Hydro
2.09
2.35
2.35
2.31
Wind
Renewables comprise 72.8% of energy
generation EAD at 1H21, compared to
68.8% at 1H20
Longer-term trajectory: renewables have
steadily increased from 43.5% of energy
generation portfolio at 1H16.
Sep 19
Mar 20
Sep 20
Mar 21
Resource EAD
11.54
by type ($bn)
10.64
1.45
1.03
9.33
0.62
■Gold Ore Mining
0.75
0.74
8.41
1.08
0.76
0.84
0.60
■Metallurgical Coal Mining
0.63
•
0.87
0.32
0.67
0.65
■Thermal Coal Mining
2.39
Thermal coal exposures decreased 12.4%
from 1H20, and 3.7% from FY20
0.76
0.65
2.18
■Iron Ore Mining
2.05
2.02
1.40
1.31
■Other Mining
1.40
1.41
~36% of thermal coal mining EAD is for
performance guarantees to rehabilitate
existing coal mine sites
■Mining Services
3.73
4.09
2.74
2.76
2
■ Oil & Gas Extraction
Sep 19
Mar 20
Sep 20
Mar 21
55
(1) NAB methodology (based upon the 1993 ANZSIC codes) at net EAD basis. Excludes exposure to counterparties predominantly involved in transmission and distribution. Vertically integrated retailers
included and categorised as renewable where majority of their generation activities sourced from renewable energy. More detail at https://www.nab.com.au/about-us/social-impact.
(2) A significant contributor to the reduction of $1.3bn in the Resources portfolio between Mar-20 and Sep-20 is AUD currency appreciation of USD denominated exposures and lower mark-to-market
positions of treasury-related products in the Oil & Gas extraction sector.
National
Australia
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