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Investor Presentaiton

Select cost reset targets.1 Specialist Businesses Digitise & streamline for customers Head office & organisational simplification Metric Baseline • Exit non-core businesses 1 under sale agreement 1H21 4 under sale agreement FY24 7 transactions completed • Mortgages processed on digital origination platform² 32%2 62%2 100% • Consumer sales via digital³ 42% 41% 70% • Branch transactions³ 29 million 22% less4 ~40% less Products for sale5 891 839 ~345 . Offshore locations6 8 Reduce third party and contractor spend by >$200m per annum Reduce head office roles and corporate space - more than 20%7 6 4 1 This page contains 'forward-looking statements' and statements of expectation. Please refer to the disclaimer on page 117. 2 Percentage of home loan applications through strategic platform for 1st party lending (excl. RAMS). FY24 target refers to both 1st and 3rd party across Consumer and Business. 3 Refer to slide 115 for definition. 4 Reduction in 1H21 represents decrease on 1H20. 5 Represents Australian Consumer, Business and Institutional products for sale. 6 Represents international locations excluding New Zealand and Westpac Pacific. 7 Corporate Space represents head office and operations and excludes branches and business banking centres. 26 Westpac Group 2021 Interim Results Presentation & Investor Discussion Pack Westpac GROUP
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