News Release
For Release: 27 October 2022

2022 Full Year Result & Proposed Final Dividend
ANZ today announced an audited 1 Statutory Profit after tax for the full year ended 30
September 2022 of $7,119 million, up 16% on the previous year.
Cash Profit 2 from continuing operations was $6,515 million, up 5% when compared with theprior year.
ANZ’s Common Equity Tier 1 Ratio was strong at 12.3% and Cash Return on Equity was10.4%. The proposed Final Dividend is 74 cents per share, fully franked.
GROUP FINANCIAL INFORMATION
Earnings ($m)

FY22FY21

Movement

Statutory Profit After Tax

7,119

6,162+16%

Cash Profit (continuing operations)

6,515

6,198+5%

Profit before credit impairment & tax

8,968

8,396+7%

Profit before credit impairment, tax &large/notables 3

9,090

9,375

-3%

Earnings per share (cents)

228.8

216.5

+6%

Return on equity

10.4%

9.9%+47bps

Return on average assets

0.63%

0.60%+3bps

Net Tangible Assets per ordinary share ($)

20.75

21.09-2%

Dividend per share (cents)

146

142

3%

Credit Provision Charge ($m)

FY22

FY21

Movement

Total Provision Charge / (release)

(232)

(567)

-59%

Individual Provision Charge / (release)79

256-69%Collective Provision Charge / (release)

(311)

(823)

-62%

Balance Sheet ($b)

FY22

FY21

Movement

Gross Loans and Advances (GLAs)

676.0

633.8

+7%

Total Risk Weighted Assets (RWAs)

454.7

416.1

+9%

Customer Deposits

620.4

593.6

+5%

Common Equity Tier 1 Ratio (CET1)

12.3%

12.3%

-5bps

FY22

FY21

Movement

39,19640,221-3%

Other
Full time equivalent staff (including discontinued)
CEO COMMENTARY 4•••1234Restored momentum in Australian home loans with application approval times backin line with peers.
Continued de-risking of the Group with the sale of its margin lending business,formal separation of Wealth business and exiting of Financial Planning and Advice.
ANZ Plus in market with deposits growing at a faster rate than any other new digitalbank in Australia; fully digital home loan product expected to pilot next month.

The Group’s Annual Report will be available on 3 November 2022 and will include a copy of KPMG’s audit report dated 26 October 2022.
Cash Profit excludes non-core items included in Statutory Profit with the net after tax adjustment a reduction to Statutory Profit of $623m.
Large/notables are items within Cash Profit that, given their nature and significance, are presented separately to provide transparency and aid
comparison. Large/notable items were -$154m after tax for the year.
All commentary is presented on a Cash Profit continuing basis excluding large/notable items with growth rates compared with the full year ended 30
September 2021 unless otherwise stated.

ANZ Chief Executive Officer Shayne Elliott said: “This was a strong financial result with alldivisions making a material contribution and demonstrating the benefits of a diversified
portfolio.
“We restored momentum in Australian home loans with application approval times back inline with industry peers. We continued the re-platforming of Australia Retail onto ANZ Plus,
which is our new digital bank, with deposits already exceeding $1.2 billion and growing at a
rate faster than any new digital bank in Australia.
“We will begin piloting a digital home loan with staff in the coming weeks. This will see theintroduction of a fully automated digital home loan, initially focused on the re-financemarket, later in 2023.
“In New Zealand, we maintained an industry leading position across our key segments while
also reaching the final stages of the BS11. This was one of the largest compliance programs
implemented in New Zealand banking history with the business now well positioned to focus
on the future and further build the franchise.
“Institutional remains a well-managed and lower risk business. The expansion of ourplatforms strategy, where we lead the market in providing banking services for otherfinancial institutions, resulted in the volume of payments processed using ANZ’s
infrastructure growing by 85%. We also continued to innovate in our approach to digitalassets, executing the first ever Australian-bank issued Australian dollar stablecoin.
“Australia Commercial delivered a solid first-up result as a stand-alone division and isalready benefiting from increased focus and a refreshed strategy. A highlight was thecommencement of the ANZ Worldline partnership that will allow us to provide businesscustomers with world-leading, point-of-sale and online payment technology.
“We continued the systematic de-risking of the bank, highlighted by the sale of our margin
lending business to Bendigo & Adelaide bank and just last month we completed the formal
separation of our Wealth business to Insignia and Zurich.
“Combined with the exit of Financial Planning & Advice, as well as the associatedremediation being at the very final stage, we are the only major bank in Australia to haveremoved the risks associated with wealth management for shareholders.
“Given the progress we have made in strengthening our core business, we were able toagree the acquisition of Suncorp Bank which will provide an important platform for growth,particularly in the fast-growing and rapidly diversifying Queensland economy.
“Suncorp Bank is a well-run business that will see more than one million new retailcustomers join ANZ, sharing in the benefits of a wider range of products and services. It
also means the Suncorp Group is able to focus on its core mission of being the best
insurance company in Australia and New Zealand.
“The acquisition, which is subject to government and regulatory approvals, will be partially
funded by the successful $3.5 billion equity capital raising. This was the world’s largest
equity raise this calendar year for an M&A transaction and was structured in a way to ensure
all shareholders were treated equally,” Mr Elliott said.
DIVISIONAL HIGHLIGHTS
Australia Retail• Focused Australia Retail and Digital as a single division; good momentum in the second
half with profit up 6% half-on-half.
• Closed the year with positive home loan momentum with approval times back in linewith major peers.
• Strong customer up-take of ANZ Plus with deposits reaching $1.2 billion, growing at afaster pace than any new digital bank in Australia.

Australia Commercial• Increased profit for the year by 11% and revenue by 10% year-on-year with goodvolume growth and disciplined margin management.
• Grew Net Loans & Advances 5 by 6% over the year with solid lending growth in specialist
segments including agribusiness and health.
• Deposit growth of 2% after two years of unprecedented government support lifting
deposits across the sector 6.
Institutional• Revenue up 2% year-on-year or 10% half-on-half, driven by customer demand anddisciplined margin management, despite Markets revenue being adversely impacted byexternal shocks including the war between Russia and Ukraine.
• Grew volume of agency payments processed for other institutions using ANZ’s
infrastructure by 85% year-on-year, with digital payments volumes also up by 52%.
• Participated in 127 sustainable finance deals, up from 81 deals in the prior year.
New Zealand• Strong financial performance with profit up 7% for the year and 5% when compared tothe previous half.
• Maintained market share lead in key products including retail and funds management.
• Reached the final stages of the BS11 which is one of the largest compliance programs in
New Zealand banking history.
CREDIT QUALITY
The total credit provision result for the full year on a cash continuing basis was a net releaseof $232 million comprising:••a collective provision (CP) release of $311 million
an individually assessed provision (IP) charge of $79 million

The majority of these changes in provisions occurred during the first half. In the secondhalf, there was a CP charge of $60 million and an IP release of $8 million, leading to a net
credit impairment charge of $52 million.
While the overlay for COVID-19 risks is no longer required, it was prudent to introduce anallowance for increased risks associated with inflation and interest rates rising globally aswell as increased geopolitical tensions. As a result, our CP balance at 30 September 2022
was $3,853 million.
DIVIDEND & CAPITALThe Group’s Common Equity Tier 1 Ratio of 12.3% 7, remains above the Australian
Prudential Regulation Authority’s ‘Unquestionably Strong’ benchmark and is well placed tomeet the requirements from the APRA Capital Reforms from January 2023.
The Board considers that a Final Dividend of 74 cents per share is appropriate and isconsistent with its stated target Dividend Payout Ratio of between 60% and 65% (cashcontinuing, ex large/notable basis).
This is in line with statements made during the recent equity raising and applies to new ANZ
shares issued as part of that process. ANZ also stated the Dividend Reinvestment Plan willcontinue to apply for the Final 2022 Dividend at no discount and will be satisfied with a newshare issuance.
FURTHER COMMENTSMr Elliott said: “The world is in a period of significant uncertainty with central banks
struggling to control inflation. Geopolitical uncertainty, most notably the war in Ukraine, also
continues to weigh heavily.

567Excludes Asset Finance run-off businesses
September 22 balances exclude the transfer of business offset accounts from Australia Commercial to Australia Retail~11.1% pro-forma accounting for the impact of the Suncorp Bank’s acquisition which is expected to complete in the second half of calendar year 2023

“Fortunately, RBA data show aggregate household balance sheets, net of liquid assets, arethe best they have been for 15 years. This is largely a result of customers taking cautious
measures during COVID and the effective response from all levels of Government inAustralia and New Zealand.
“While this data suggests on average people are still doing well, cost-of-living pressures arestarting to have a meaningful impact and the next six months will be testing. This isparticularly an issue for first-time homeowners who are only starting to build up their equity
as well as those with less stable employment.
“This is why we have kept in place the additional hardship resources we invested in during
the pandemic in Australia. In fact, we are applying the lessons learnt during COVID toidentify customers who require extra support.
“There is uncertainty ahead, however we have the business in good shape to withstandvolatility. We also have a highly engaged workforce with a high-performance culture and I’m
confident in our ability to continue to deliver for customers and shareholders,” Mr Elliottsaid.
Interviews with relevant executives, including Shayne Elliott, can be found atbluenotes.anz.com.
For media enquiries contact:

For analyst enquiries contact:

Stephen Ries
Head of Corporate Communications
Tel: +61 409 655 551

Jill Campbell
GGM Investor Relations
Tel: +61 3 8654 7749

Lachlan McNaughton
Senior Manager Media Relations
Tel: +61 457 494 414

Cameron Davis
Executive Manager Investor Relations
Tel: +61 3 8654 7716

Approved for distribution by ANZ’s Continuous Disclosure Committee

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