Investor Presentaiton

LABOUR MARKET IMPACTS OF COVID-19 UNEMPLOYMENT AND UNDERUTILISATION HAVE RISEN¹ (%) 20 20 UNEMPLOYMENT HAS DETERIORATED ACROSS STATES¹ (%) 9 8 15 7 6 10 5 5 LO 4 Unemployment Rate -Underutilisation Rate NSW SA VIC QLD WA TAS 0 3 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 2016 2019 Jan-19 Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 HOURS WORKED HAVE REBOUNDED IN SOME STATES² (Index) 100 95 90 90 WAGE GROWTH HAS SLOWED SHARPLY3 (%) 4 my 3 Quarterly Year-ended 2 1 NSW VIC QLD SA WA TAS 0 85 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 1997 2000 2003 2006 2009 2012 2015 2018 (3) €23 Source: ABS. Data to September 2020 (2) Source: ABS, NAB. February 2020 = 100, data to September 2020 Source: ABS. Data to June quarter 2020 109 National Australia Bank

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