Investor Presentaiton

Capital drivers. CET11 capital ratio (% and bps) 20 82 20 11.13 Sep-20 Cash RWA earnings movement Risk weighted assets ($bn) 12 (1) 8 12.34 Expected divestment CET1 benefit (bps)³ Coinbase4 7 Vendor Finance Capital deductions and other FX translation impact Divestments Mar-21 Westpac Pacific5 6 General Insurance 12 437.9 (12.3) 0.7 2.9 (0.3) 428.9 Westpac LMI 7 Sep-20 Lower business and corporate stress; partly offset by Housing risk weight floor of 23.8% increased CRWA² $3.7bn Credit risk Market risk IRRBB Other Mar-21 1 Common equity tier 1. 2 Credit Risk Weighted Assets. 3 Pro forma benefit at March 21 for expected divestments and at 30 April for Coinbase. 4 Initial estimate, depends on final capital streamed up to the Group. 5 Impact reflects the remaining CET1 impact expected to occur in the 2H21 (mainly from the release of risk weighted assets upon sale). The accounting loss on sale in Westpac Pacific included in First Half 2021 notable items impacted the CET1 ratio for March 21. In total, the sale of Westpac Pacific is expected to add approximately 3bps to Westpac's Common Equity Tier 1 capital ratio. 24 Westpac Group 2021 Interim Results Presentation & Investor Discussion Pack Westpac GROUP

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