Investor Presentaiton

1H20 2H20 Business 1H21 performance. Cash earnings ($m) Lower collectively assessed provisions from improved economic outlook and improved asset quality Higher merchant fees AIEA down 4% partly offset by 7bps increase in NIM 478 100 356 (44) 20 (6) 256 Add back notable items 2H20 ex-notable items Net interest income Up $539m or 151% Up $664m or 259% Non-interest income Operating expenses Impairment charges Tax and NCI 88 Westpac Group 2021 Interim Results Presentation & Investor Discussion Pack 1H21 ex-notable items Notable items 803 (234) 1H21 895 Change Key financial metrics 1H20 2H20 1H21 on 2H20 Revenue ($m) 2,455 2,268 2,356 4% 25 Net interest margin (%) 3.05 2.93 3.17 24bps 25 920 Expense to income (%) 43.5 54.2 49.7 Large Customer deposit to loan ratio (%) 98.1 108.0 114.6 Large Stressed exposures to TCE (%) 3.07 4.70 4.60 (10bps) Change Key operating metrics 1H20 2H20 1H21 on 2H20 Total customers 1 ('000's) 1,021 1,053 1,063 1% 1 Excludes Private Wealth customers. 2 Refer page 115 for details of metric definition and provider. Data for 1H21 at Feb 21. 3 Share of sales made digitally for eligible products. Customer satisfaction² (rank) #1 #1 =#1 Digital sales³ (%) Customer satisfaction - SME² (rank) =#1 #1 =#2 Down 1 23 23 28 27 (1ppt) Westpac GROUP Business

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