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Investor Presentaiton

107 AUSTRALIA HAS PASSED THE TROUGH IN ACTIVITY GDP TO GRADUALLY RECOVER FROM HERE¹ Dec 19 (%) Mar 20 Jun 20 Sep 20 Dec 20 Mar 21 Jun 21 Sep 21 Dec 21 0.0 -0.3 0.0 0.0 -0.3 -2.0 -4.0 -6.0 -8.0 -10.0 1H20 forecasts Current forecasts -0.4 -1.1 -2.1 -0.6 -3.0 -1.4 -2.3 -4.4 -4.6 -3.3 7.3 -7.2 -8.4 CONFIDENCE AND CONDITIONS STILL BELOW AVERAGE² (Index) 20 10 0 -10 -20 -30 -40 -50 -60 -70 2010 Business Confidence 2012 2014 CAPACITY UTILISATION REMAINS LOW² (%) 82 84 2 2 2 0 % % 0 74 76 Business Conditions N ⚫Quarterly -Monthly 72 70 2016 2018 2020 1989 1993 1997 2001 2005 2009 2013 2017 Source: ABS, NAB. Percentage deviation from December 2019 level. (2) Source: NAB. Data to September 2020 อล National Australia Bank
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