Investor Presentaiton
CET1 capital ratio 11.3%, pro forma¹ 11.4%.
Capital, funding and liquidity
Level 2 CET1 capital ratio movements (%, bps)
Key capital ratios (%)
Sep-21
Mar-22 Sep-22
Largely due to non-credit
RWA, mainly IRRBB2
Capitalised software
and other deductions
Divestments mainly includes
sale of Australian life insurance
Level 2 CET1 capital ratio
12.3
11.3
11.3
Additional Tier 1 capital ratio
2.3
2.1
2.1
Tier 1 capital ratio
14.6
13.4
13.4
73
(45)
(38)
11.33
10
(9)
18
11.29
11.39
Tier 2 capital ratio
4.2
4.3
5.0
(3)
Total regulatory capital ratio
18.9
17.7
18.4
Risk weighted assets
437
460
478
(RWA) ($bn)
Leverage ratio
6.0
5.6
5.6
Level 1 CET1 capital ratio
12.6
11.2
11.3
Down 4bps
Mar-22
Cash Dividend RWA
earnings
ex
notables
De-
FX
ductions trans-
and lation
other impact
Divest-
ments
Sep-22
Future Pro forma
asset Sep-22
sales1
Internationally comparable ratios4
Leverage ratio
6.6
6.1
6.0
(internationally comparable)
CET1 capital ratio
18.2
17.4
17.6
(internationally comparable)
1 Reflecting announced exits relating to Superannuation and the Advance Asset Management business, 10bps (subject to divestment completion occurring) and some separation costs realised in FY22. Related divestment costs have impacted CET1
ratio for 30 September 2022. 2 Interest rate risk in the banking book (IRRBB). 3 The dividend reinvestment plan (DRP) for the 2022 interim dividend was satisfied by the purchase of existing shares by a third party. For the final 2022 dividend, new shares
will be issued to DRP participants as Westpac is in discussions on a potential acquisition of Tyro. Shares will be issued with no discount to the market price. 4 Internationally comparable methodology aligns with the APRA study titled 'International Capital
Comparison Study' dated 13 July 2015.
87
Westpac Group 2022 Full Year Results Presentation & Investor Discussion Pack
Westpac GROUPView entire presentation