Investor Presentaiton

2H21 1H22 542 239 Business 2H22 performance. Cash earnings ($m) Simplification, organisational redesign and completion of risk and compliance programs AIEA up 5%, NIM increased 74bps from higher deposits spreads, partly offset by lower loan spreads Net interest income Non- interest income 68 381 3 Up $440m or 184% Operating expenses Impairment charges 100 Westpac Group 2022 Full Year Results Presentation & Investor Discussion Pack Tax and NCI Change Key financial metrics 2H21 1H22 2H22 on 1H22 Impairment benefit from release in overlays no longer required, partly offset by the changed economic forecast Revenue ($m) 1,625 1,486 1,870 26% Net interest margin (%) 3.69 3.33 4.07 74bps Expense to income (%) 71.7 66.1 48.9 Large 173 (185) Customer deposit to loan ratio (%) 164.0 166.4 157.1 Large 679 Stressed exposures to TCE (%) 5.90 5.07 5.05 (2bps) 2H22 1 Refer page 136 for metric definitions and details of provider. 2 Share of sales made digitally for eligible products. Refer page 136 for metric definitions. Change Key operating metrics 2H21 1H22 2H22 on 1H22 Main financial institution 1 (%) 20.6 21.5 21.7 Up 20bps Customer satisfaction¹ (rank) - Westpac Brand =#2 =#1 =#2 Down 1 Customer satisfaction - SME1 =#2 =#1 =#2 Down 1 (rank) Westpac Brand Digital sales2 (%) 31 28 29 1ppt Westpac GROUP Business

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