Investor Presentaiton
Portfolio simplification.
Executing our FY21 strategic priorities.
Businesses included in the Specialist Business division
Strategy
Business Unit
Vendor Finance1
Business overview
Supports third parties to fund
equipment finance loans
Status
Entered sale
agreement
(held for sale)
Announced
21st August
2020
Expected
completion
Second Half
2021
+BT
Brands
Businesses in Specialist Business division
operate under the following brands:
◆BT Panorama
ADVANCE
ASSET MANAGEMENT
Asgard
Pacific
General Insurance¹
Provides insurance solutions
including Home and Contents
Insurance and Landlord Insurance
Entered sale
agreement
(held for sale)
2nd
December
2020
Second Half
2021
Westpac
st.george
Bank of
Melbourne
Businesses held for sale
$m
1H21
Westpac Pacific¹
Life Insurance
Auto Finance
Lenders Mortgage
Insurance1
Superannuation,
Platforms and
Investments
Banking in Fiji and PNG serving
retail, business and institutional
customers
Provides Lenders Mortgage
Insurance to Westpac Group for
residential mortgages
Manufacturer of life, TPD and
income protection products
Provides vehicle finance, dealer
finance, business car leasing and
novated leasing
Provides superannuation,
investment platforms for advised
clients, multi-fund asset
Entered sale
agreement
(held for sale)
Entered sale
agreement
(held for sale)
Under
Under
consideration
Under
consideration
7th December
2020
Second Half
2021
Net interest income
67
Non-interest income
100
18th March
2021
Second Half
2021
Expenses
(48)
Impairment (charges)/benefits
24
Tax and non-controlling interests
(40)
consideration
Cash earnings contribution of
businesses held for sale
(ex notable items)
103
Loans
management and a range of direct
products for SMSFs and
individuals
Deposits
CET1 Impact
Once announced sales are completed, they are
expected to add 25bps² to the CET1 capital ratio
1 Classified as held for sale in the Group's 2021 Interim Financial Results Announcement. 2 CET1 impact is based on RWAs at 31 March 2021. Impact at the time of sale can vary based on RWA movements. The 31 March 2021 CET1 ratio includes the
accounting loss on sale in Westpac Pacific included in 1H21 notable items.
1,819
2,088
33 Westpac Group 2021 Interim Results Presentation & Investor Discussion Pack
Westpac GROUPView entire presentation