Investor Presentaiton

Continued focus on asset quality resulting in falling impairment charges Stress assets to TCE (%) Continued improvement in the quality of assets Impairment charges to gross loans (%) Strengthening of lending book 8.0% 6.0% 4.0% 5.24% 2.0% 4.32% 3.35% 2.30% 0.0% FY10 FY11 FY12 FY13 Mortgage delinquency trend (%) Continued improvement in the quality of housing assets 0.8 0.75 0.6 0.40 0.4 0.29 0.2 -1bps +15bps -8bps +15bps FY13 0.18% 0.17% 0.10% 0.07% Peer Peer Peer Westpac FY12 0.32% 0.22% 0.09% 0.10% Peer Peer Peer Westpac >80% LVR as % of housing book against peers Continued improvement in the quality of housing assets 24% 22.13% 21% 18% 0.29 0.25 15% 0.12 12% 0 Sep-10 Sep-11 90+ days Sep-12 30-60 days Sep-13 60-90 days 21.74% : 18 23.10% 22.13% 20.49% 20.91% 18.65% 15.36% Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Peers Westpac FY12 includes 11 months of the institutional business which vested on 1 November 2011. FY11 and prior excludes the institutional business. W

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