Investor Presentaiton

2H22 cash earnings. Results Change 2H22 - 1H22 Cash earnings 2H22 – 1H22 ($m) NIM1 excluding Treasury and Markets up 10bps from higher deposit spreads offsetting lower lending spreads, AIEA² up 3% from lending and increased liquid assets Lower income following the sale of businesses, lower markets trading income Predominantly due to the loss on the completion of the sale of Australian life insurance 1H22 2H22 ($m) ($m) (%) Net interest 8,028 8,577 7 income Non-interest 1,931 465 (76) income Expenses (5,366) (5,425) 1 Core earnings 4,593 3,617 (21) Impairment 3,095 6 3,101 (139) (196) 41 benefit/(charge) Tax and non- controlling (1,359) (1,240) (9) interests (NCI) Cash earnings 3,095 2,181 (30) Add back notable 6 1,286 Large items (after tax) Cash earnings 3,101 3,467 12 ex notable items Reported 3,280 2,414 (26) net profit items Exiting businesses, simplification benefits and completion of some Fix programs, average FTE³ down 5% 564 (117) 100 (57) (124) 3,467 (1,286) Up 12% ex notable items Down 30% 2,181 1H22 Add back notable items 1H22 ex notable income Net interest Non-interest Expenses Impairment Tax & NCI income 2H22 ex Notable 2H22 charges notable items items 1 Net interest margin (NIM). 2 Average interest-earning assets (AIEA). 3 Full time equivalent (FTE). 39 Westpac Group 2022 Full Year Results Presentation & Investor Discussion Pack Westpac GROUP

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