ASB Half Year Financial Results 6 February 2019

ASB today reported a statutory net profit after taxation (NPAT) of $630 million for the six months ended 31 December 2018. This represents a 6% increase on the prior comparative period. Cash NPAT was $608 million, an increase of 6% on the prior comparative period. Cash NPAT presents ASB's underlying operating results and excludes items that introduce volatility and/or one-off distortions which are not considered representative of ASB's on-going financial performance. Key financial points o Cash NPAT of $608 million, an increase of 6% on the prior comparative period o Statutory NPAT of $630 million, an increase of 6% o Cash net interest margin increased by 1bp to 2.21% o Advances to customers up 6% to $85 billion o Customer deposits up 8% to $66 billion o Loan impairment expense increased 73% to $45 million o Continued momentum in funds management with income growth of 17% o Cost to income ratio (cash basis) of 34.8%, an improvement of 70bps Refer to the media release attached for full details. End CA:00330230 For:ABB Type:HALFYR Time:2019-02-07 08:32:08