Investor Presentaiton
1H20
2H20
Consumer 1H21 performance.
Cash earnings ($m)
Mostly increased spending on risk and
compliance and higher operational costs
NIM 2bps lower from asset spread
compression partly offset by lower funding
costs and higher deposit spreads
1,472
1,274
Add back notable items
2H20 ex-notable items
Net interest income
19 1,293 (97)
1
(54)
Up $375m or 29%
Up $318m or 25%
Non-interest income
Key financial metrics
Improved economic outlook
and improved asset quality
1H20
2H20
1H21
Change
on 2H20
Revenue ($m)
4,560 4,560
4,457
(2%)
679 (154)
Net interest margin (%)
2.33
2.41
2.39
(2bps)
1,668 (76)
Expense to income (%)
44.6
47.0
50.9
398bps
1,592
Customer deposit to loan ratio (%)
52.68 56.26
56.47
21bps
Stressed exposures to TCE (%)
0.83
1.38
1.02
(36bps)
Mortgage 90+ day delinquencies (%)
0.94
1.60
1.18
(42bps)
Operating expenses
Impairment charges
Tax and NCI
1H21 ex-notable items
87 Westpac Group 2021 Interim Results Presentation & Investor Discussion Pack
Notable items
1H21
Key operating metrics
1 Includes all points of presence including Advisory and Community banking centres. 2 Refer page 115 for metric definitions and details of provider. Data for 1H21 at February 2021.
Change
1H20
2H20
1H21
on 2H20
9.7
9.7
9.7
Total customers (#m)
Active digital banking customers (#m)
4.49
4.53
4.58
1%
Branches (#)1
931
929
889
(40)
ATMs (#)
2,133
1,399
1,352
(47)
Main Financial Institution² (%)
16.3
15.7
15.6
(0.1ppt)
Westpac GROUP
ConsumerView entire presentation