Investor Presentaiton
2H21
56
Specialist Businesses 2H22 performance.
Cash earnings ($m)
Reduction in transitional service payments
related to businesses sold and lower life
insurance income
Lower income from reduced
auto finance balances following
sale and run-down of auto
finance portfolio
114 246 (10) (23)
Lower expenses from
simplification, lower
investment spend and
divestment of businesses
Specialist Businesses
Change
Key financial metrics
2H21
1H22
2H22
on 1H22
Average funds ($bn)
223.8
224.9
209.5
(7%)
Spot funds ($bn)
227.4
222.9
198.8
(11%)
Platforms deposits ($bn)
6.1
5.7
6.8
19%
Platform FUA share
18.8
18.3
17.8
(9)
(50bps)
(3) 257 (1,112)
(exc. Corp Superannuation) 1 (%)
Margin lending ($bn)
1.5
1.5
1.3
(13%)
132
Up $11m or 4%
45
Auto finance loans ($bn)²
10.6
8.8
7.1
(19%)
Westpac Pacific loans
1.4
1.3
1.4
8%
(855)
Down $987m or Large
Loss on completion of the sale
of Australian life insurance
1H22
Add back
notable items
1H22 ex-notable
items
Net interest
income
Non-interest
income
Operating
expenses
Impairment
charges
Tax and NCI
106
Westpac Group 2022 Full Year Results Presentation & Investor Discussion Pack
2H22 ex-notables
Notable items
2H22
1 Plan For Life, 30 June 2022. 2 Reduction reflects -$1bn of wholesale dealer loan book to Angle Finance (in 1H22) and run-down of remaining Auto Finance portfolio (2H22).
Financials excluding notable
items and businesses sold
2H21
1H22
2H22
Change
on 1H22
Operating income ($m)
596
615
605
(2%)
Operating expenses ($m)
(383)
(350)
(303)
(13%)
Core earnings ($m)
213
265
302
14%
Net profit ($m)
124
207
241
16%
Westpac GROUPView entire presentation