Large/notable items in Second Half FY 2023 result

ANZ Group Holdings Limited
9/833 Collins Street Docklands Victoria 3008 Australia
ABN 16 659 510 791

News Release
For Release: 8 November 2023
Large/notable items in Second Half FY 2023 result


ANZ today announced its Second H alf Financial Year 2023 Statutory and Cash Profit will be
impacted by a net after tax charge of $146 m illion relating to Restructuring, Customer
remediation, Transaction related costs and the Initial Commonwealth’s Compensation
Scheme of Last Resort Levy partially offset by gains relating to the impact of Business
divestments/ closures.

The relevant templates, reflecting the tables that will be shown in ANZ’s Second Half 2023
Consolidated Financial Report & Dividend Announcement, are included on the following
pages.

ANZ’s Second Half 2023 result will be announced on Monday 13 November 2023.





For media enquiries contact:

Elizabeth Rudall
Acting Head of Media Relations
Tel: +61 403 130 207

Amanda Schultz
Media & Public Relations Manager
Tel: +61 401 532 325

For analyst enquiries contact:

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

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



Approved for distribution by ANZ’s Continuous Disclosure Committee

Large/Notable items
The Group has recognised some large/notable items within cash profit from continuing operations. These items are shown in the tables below.



September 2023 Full Year

September 2022 Full Year

Large/notable items included in cash profit from continuing operations

Large/notable items included in cash profit from continuing operations

Business
divestments/
closures
$M
Customer
remediation
$M
Restruc-
turing
$M
Transaction
related
costs
$M
Property
rationali-
sation
$M
Initial
CSLR
Levy
$M
Total
$M
Business
divestments/
closures
$M
Customer
remediation
$M
Restruc-
turing
$M
Transaction
related
costs
$M
Property
rationali-
sation
$M
Litigation
settlements
$M
Withholdin
g
tax
$M
Total
$M
Cash Profit
Net interest income - (18) - - - - (18) - - - - - - - -
Other operating income
66 (30) - - (43) - (7) 298 (34) - - 23 - - 287
Operating income
66 (48) - - (43) - (25) 298 (34) - - 23 - - 287
Operating expenses - (84) (169) (128) - (40) (421) (69) (190) (81) (12) (47) (10) - (409)
Cash profit before credit
impairment and income tax
66 (132) (169) (128) (43) (40) (446) 229 (224) (81) (12) (24) (10) - (122)
Credit impairment (charge)/release - - - - - - - (4) - - - - - - (4)
Cash profit before income tax 66 (132) (169) (128) (43) (40) (446) 225 (224) (81) (12) (24) (10) - (126)
Income tax benefit/(expense) and
non-controlling interests
- 39 49 33 6 12 139 18 58 13 2 7 - (126) (28)
Cash profit/(loss) 66 (93) (120) (95) (37) (28) (307) 243 (166) (68) (10) (17) (10) (126) (154)


September 2023 Half Year March 2023 Half Year

Large/notable items included in cash profit from continuing operations Large/notable items included in cash profit from continuing operations

Business
divestments/
closures
$M
Customer
remediation
$M
Restruc-
turing
$M
Transaction
related
costs
$M
Initial
CSLR
Levy
$M
Total
$M
Customer
remediation
$M
Restructuring
$M
Transaction
related costs
$M
Property
rationalisation
$M
Total
$M
Cash Profit




Net interest income - (8) - - - (8) (10) - - - (10)
Other operating income 66 (23) - - - 43 (7) - - (43) (50)
Operating income 66 (31) - - - 35 (17) - - (43) (60)
Operating expenses - (41) (115) (72) (40) (268) (43) (54) (56) - (153)
Cash profit before credit impairment
and income tax
66 (72) (115) (72) (40) (233) (60) (54) (56) (43) (213)
Credit impairment (charge)/release - - - - - - - - - - -
Cash profit before income tax
66 (72) (115) (72) (40) (233) (60) (54) (56) (43) (213)
Income tax benefit/(expense) and
non-controlling interests
- 21 33 21 12 87 18 16 12 6 52
Cash profit/(loss)
66 (51) (82) (51) (28) (146) (42) (38) (44) (37) (161)

Large/Notable items
The Group has recognised some large/notable items within cash profit from continuing operations. The impact of these items on the divisional results are shown in the tables below.



September 2023 Full Year

September 2022 Full Year

Large/notable items included in cash profit from continuing operations

Large/notable items included in cash profit from continuing operations

Business
divestments/
closures
$M
Customer
remediation
$M
Restruc-
turing
$M
Transaction
related
costs
$M
Property
rationali-
sation
$M
Initial
CSLR
Levy
$M
Total
$M
Business
divestments
/closures
$M
Customer
remediation
$M
Restruc-
turing
$M
Transaction
related
costs
$M
Property
rationali-
sation
$M
Litigation
settlements
$M
Withholding
tax
$M
Total
$M
Cash profit before income tax
Australia Retail - (127) (64) - - - (191) (3) (219) (32) - - - - (254)
Australia Commercial
- (5) (30) - - - (35) 298 5 2 - - - - 305
Institutional
- (1) (23) - - - (24) 8 2 (21) - - (10) - (21)
New Zealand
- 3 (13) - - - (10) - 25 (12) - - - - 13
Pacific
- (2) (1) - - - (3) (26) (1) - - - - - (27)
Group Centre
66 - (38) (128) (43) (40) (183) (52) (36) (18) (12) (24) - - (142)
Cash profit before income tax
66 (132) (169) (128) (43) (40) (446) 225 (224) (81) (12) (24) (10) - (126)
Income tax benefit/(expense) and
non-controlling interests
- 39 49 33 6 12 139 18 58 13 2 7 - (126) (28)
Cash profit/(loss)
66 (93) (120) (95) (37) (28) (307) 243 (166) (68) (10) (17) (10) (126) (154)


September 2023 Half Year

March 2023 Half Year

Large/notable items included in cash profit from continuing operations

Large/notable items included in cash profit from continuing operations

Business
divestments/
closures
$M
Customer
remediation
$M
Restruc-
turing
$M
Transaction
related
costs
$M
Initial
CSLR
Levy
$M
Total
$M
Customer
remediation
$M
Restructuring
$M
Transaction
related costs
$M
Property
rationalisation
$M
Total
$M
Cash profit before income tax
Australia Retail - (75) (37) - - (112) (52) (27) - - (79)
Australia Commercial - (1) (28) - - (29) (4) (2) - - (6)
Institutional - (1) (16) - - (17) - (7) - - (7)
New Zealand - 4 (7) - - (3) (1) (6) - - (7)
Pacific - 1 (1) - - - (3) - - - (3)
Group Centre 66 - (26) (72) (40) (72) - (12) (56) (43) (111)
Cash profit before income tax 66 (72) (115) (72) (40) (233) (60) (54) (56) (43) (213)
Income tax benefit/(expense) and
non-controlling interests
- 21 33 21 12 87 18 16 12 6 52
Cash profit/(loss)
66 (51) (82) (51) (28) (146) (42) (38) (44) (37) (161)