Investor Presentaiton

Liquidity and funding. LCR lower from reduction in CLF and NCO overlay; NSFR little changed. Liquidity coverage ratio¹ (LCR) (quarterly avg, $bn) Net stable funding ratio (NSFR) ($bn) NSFR at 31 March 2021: 123% Sep 2020: LCR 151% 182 Mar 2021: LCR 124% 165 11 10 120 52 134 52 Net cash outflows (NCOs) Other flows² 37 35 22 10 13 119 118 88 85 85 Net cash Liquid assets Net cash Liquid assets outflows Bars do not add due to rounding outflows Wholesale funding ■Customer deposits Liquid assets ■Term Funding Facility (undrawn) ■Committed Liquidity Facility High Quality Liquid Assets 625.2 Wholesale funding and other liabilities Corp. & Insto deposits Retail & SME deposits Sep-20 HQLA CLF and TFF Customer Deposits Wholesale funding Other flows² Mar-21 Liquidity coverage ratio¹ (quarterly average, %) 151 (1) 3 (12) Lower from reduction in CLF and net cash outflow overlay² Capital Available Stable Funding Net stable funding ratio (NSFR) (%) 122 1.4 1.1 Required Stable Funding 2.7 123 (0.5) (1.7) (2.1) 124 (14) Sep-20 Capital 1 LCR is calculated as the percentage ratio of stock of liquid assets over the total net cash outflows in a modelled 30 day defined stressed scenario. Liquid assets include HQLA as defined in APS 210, RBNZ eligible liquids, CLF eligible securities less RBA open repos funding end of day ESA balances with the RBA. The Committed Liquidity Facility (CLF) and Term Funding Facility (TFF) are made available to Australian Authorised Deposit-taking Institutions by the RBA that, subject to qualifying conditions, can be accessed to meet LCR requirements under APS210 - Liquidity. Other flows include credit and liquidity facilities, collateral outflows and inflows from customers. 2 Other flows includes net cash outflow overlay. Effective 1 January 2021, the Group is required to increase the value of its net cash outflows by 10% for the purpose of calculating LCR, in response to action taken by APRA for breaches of Westpac's liquidity requirements predominantly relating to Westpac New Zealand Limited. This reduces the average LCR for the quarter ended 31 March 2021 by 12 percentage points. 3 Other includes derivatives and other assets. 4 Other loans includes off balance sheet exposures and residential mortgages >35% risk weight. Westpac Group 2021 Interim Results Presentation & Investor Discussion Pack 82 Westpac GROUP Retail & SME Deposits Corporate & Institutional Deposits Wholesale funding and other Residential Mortgages <35% Risk Weight Other loans, liquids & other Mar-21 510.3 Liquids and other³ Other loans4 Residential mortgages <35% risk weight Capital, Funding and Liquidity

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