Investor Presentaiton

Long term wholesale funding. Funding in 1H21 limited to meeting TLAC and capital needs. Supplementary allowance Term Funding Facility1 (TFF) ($bn) Term debt issuance and maturity profile 2 ($bn) 30 12 22 (Drawdown Oct-20 to Jun-21) 4 Initial allowance 18 (Drawdown 18 Mar-20 to Sep-20) TFF Allowance Drawn down At 31 March 2021 Westpac Total Regulatory Capital ■CET1 ■Additional Tier 1 ■ Tier 2 6.0 5.0 FY17 FY18 Issuance Maturities 37 37 34 32 31 29 5.0% 4.7 3.9% ($17bn) 2.2% ($9bn) (approx. $21bn³) 4.0 4.2 3.0 12.3% ($53bn) 2.0 2.2 1.0 31 March 2021 APRA- basis 1 Jan 2024 APRA-basis FY19 FY20 1H21 12 13 2H21 FY22 26 FY23 FY24 FY25 12 FY26 Capital, Funding and Liquidity 25 ■Funding for Lending Programme (NZ) ■Term Funding Facility (Aus) ■Subordinated debt ■Senior/Securitisation Hybrid Covered bond >FY26 Westpac Tier 2 issuance and calls/maturities 4 (notional amount, A$m) Issuance Maturities 0.0 FY19 FY20 1H21 2H21 FY21 Tier 2 issuance expected to be approx. $5-7billion (including buffer) 2.0 2.0 1.7 1.6 1.4 0.4 1.2 1.2 FY22 FY23 1 Westpac's Additional Allowance at 31 March 2021 was zero. 2 Based on residual maturity and FX spot currency translation. Includes all debt issuance with contractual maturity greater than 13 months excluding US Commercial Paper and Yankee Certificates of Deposit. Contractual maturity date for hybrids and callable subordinated instruments is the first scheduled conversion date or call date for the purposes of this disclosure. Perpetual sub debt has been included in >FY26 maturity bucket. Maturities exclude securitisation amortisation. 3 Based on current capital regulation. Does not include balance sheet growth or management buffer. 4 Represents AUD equivalent notional amount using spot FX translation at date of issue for issuance and spot FX translation at 31 March 2021 for maturities. Securities in callable format profiled to first call date, excluding the Perpetual Floating Rate Notes issued 30 September 1986. Securities in bullet format profiled to maturity date. 84 Westpac Group 2021 Interim Results Presentation & Investor Discussion Pack Westpac GROUP FY24 FY25 FY26 FY27 FY28 FY29 FY30 >FY30 5.5

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