18 December 2008

Charles GoodeChairman

ANZ has a long history in Queensland• Continued presence since 1853
• 2,700 ANZ staff• 161 Branches• Over 500 ATMs
• Approx. 900,000 customers• Over 56,000 shareholders

3Profit and Dividends
Net Profit After Tax
4,180

$m

2,815

Dividend per share

3,668
3,175

cents

3,319

2004 2005 2006 2007 2008
All numbers based on financial year ended 30 September

101

110

125136136

2004 2005 2006 2007 20084

Credit impairment charges
Provision charges
2,669

$m

Collective Provision /Credit Risk Weighted
Assets*Credit risk on derivatives

1.01% 0.99%

Collective provisions

0.81% 0.73%

Individual provisions

632580

407

1.13%

567

2004 2005 2006 2007 2008

2004 2005 2006 2007 2008

*2008 RWAs calculated using Basel II methodology; prior period numbers reflect Basel I methodology. All numbers based on financial year ended 30 September

5Performance of Divisions
2008 profit growth

2008 Net Profit ($m)

Personal

+12%

1,485

AsiaPacific^

+52%

413

Institutional(65%)

526

New ZealandBusinesses*(12%)

715 NZD
2007 Profit

2008 Increase2008 Decrease*New Zealand Businesses, which excludes NZ Institutional and central funding, ^Institutional Asia is included in both Institutional Division and Asia Pacific division6

Capital Management
Tier 1 Capital Position• Strong capital position very
important in uncertainenvironment

8.4%
6.9% 6.9% 6.8% 6.7%

• Actively strengthened capitalbase• Compares well locally andglobally
2004

2005

*2008 proforma number, including final dividend underwrite. All numbers based on financial year ended 30 September

2006

2007 2008*
7

Global Economic Crisis from US sub-prime collapse
Global financial Institution
Write-Downs (mid 07 – Nov 08)• Close to US$1 trillion infinancial institution losses

Americas• Banks have raised
US$930bn in new capital

Europe• Governments haveprovided US$345bn

US$ bnAsia

670289308

Financial & Regulatory Climate

Financial institutions

Focus on
• Liquidity

Regulators• Capital• Risk management systems

Rating agencies

9United board and management focus
Strategic focus

Financial StrengthLong term view

• Balance sheet• Capital• Liquidity• Investing in thebusiness• Building core skills

10Management team initiatives“One ANZ” program

Accountability
Integrity

Refined organisational values
CollaborationEmphasis on banking skills

Rewarding performance

RespectExcellence

11Diversity – Representing the Community• Age• Gender• Cultural• Race• Occupational history

12

Corporate Responsibility
Improving community social and economic wellbeing

13

Corporate Responsibility
Reconciliation Action Plan

Employee Volunteering

14

Corporate Responsibility
Customers

Customer Satisfaction(Main Financial Institutions*)
90
80
70
60
50
Sep- Sep- Sep- Sep- Sep- Sep- Sep96
9800
0204
06
08
ANZ

Major Peer Banks*Source: Roy Morgan Research – Aus MFI Population aged 14+, % satisfied (very or fairly satisfied), 6 month rolling average)15

Corporate Responsibility
Environment

Number one in global banking
sector on DJSI
Number 1

5973768689

2004

2005

2006

2007

2008

Dow Jones Sustainability Index Assessment

16Outlook – significant slowing in 2009
Global economic growth (GDP)9% change from earlier year

63070 72 74 76 78 80 82 84 86 88 90 92 94 96 98 0*Forecast

24

68 10*
17

Unprecedented global government responses
Movement in official interest rates• Availability of liquidity• Guarantee of deposits andborrowings

9%NZ
Australia6• Lowering official interestrates

UK3USAEurope• Fiscal stimulation

00304

0506

0708
18

Additional information

Share price trends
International equity market financials comparisons
110

Growth*UK: FTSE Finance Banks

100(down 54%)

Australia: ASX Financials(down 49%)

90
80

ANZ70

(down 46%)

60

US: S&P 500 financials

50(down 60%)

40
30

Dec- Jan07
08

Feb08

Mar08

Source: Bloomberg, Reuters*Rebased index 17/12/2007

Apr08

May08

Jun- Jul-08 Aug08
08

Sep08

Oct08

Nov- Dec08 08
20

Remuneration
Fixed and Target Variable Remuneration for Executive Key Management Personnel
Long Term Incentive

18%
19%

Target variable remuneration
component

26%• Geared to rewarding our strongestperformers

37%

Fixed remuneration component• Aim to pay at median of Financial
Service Market

Deferred Short Term
Incentive (ANZ Equity)
Cash Short Term
Incentive (STI)
Fixed remuneration

21Remuneration
ANZ Cash Profit and comparison with average STI payments* ($m)
3,560
2,858
109%

3,887

3,133
111%

2,983
112%

110%
76%

2004**Cash Earnings

2005

2006
Target STI* Includes executives disclosed in each relevant reporting period (incl. CEO)**2004 profit under AGAAP, subsequent periods under IFRS Accounting standards

2007

200%
175%
150%
125%
100%
75%
50%
25%0%

2008

Avg STI payments against target
22Remuneration
Chief Executive Remuneration*Long Term
Incentives (LTI)

1/3rd

Target Short term
incentive (STI)

1/3rd

Fixedremuneration

1/3rd

At risk remuneration component• STI subject to ANZ performanceand personal targets• LTI (performance rights): level ofvesting subject to relative Total
Shareholder Returns
Fixed remuneration component* Excludes sign-on award, given that it relates to remuneration forgone from previous employer

23

The material in this presentation is general background information about the Bank’s activities current
at the date of the presentation. It is information given in summary form and does not purport to becomplete. It is not intended to be relied upon as advice to investors or potential investors and does
not take into account the investment objectives, financial situation or needs of any particular investor.
These should be considered, with or without professional advice when deciding if an investment isappropriate.
For further information visit
www.anz.com
or contact
Jill Craig
Group General Manager Investor Relations
ph: (613) 9273 4185

fax: (613) 9273 4899

e-mail: jill.craig@anz.com

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