Investor Presentaiton
Perform competitive cost base.1
- -
-
Targeting $8bn by FY24. Continued investment – $3.5-$4bn over 3 years.
Expenses ($bn)²
Targeting a cost base of $8bn by FY24
12.7
Targets embedded in leader scorecards
0.9
■Specialist Businesses
.
Expect to invest $3.5bn to $4bn over 3 years.
Notable items
Sources of improvement
2.5
■Westpac continuing costs
-
Investment in Fix initiatives to reduce notable
items
8.0
-
Exit Specialist Businesses
Simplify the business, improve processes and
digitise
6.0
0.4
9.3
0.7
8.0
-
Smaller head office
FY20
4.9
1H21
FY24
Target
1 This page contains 'forward-looking statements' and statements of expectation. Please refer to the disclaimer on page 117. 2 Future periods exclude potential notable items. References to notable items include provisions related to AUSTRAC
proceedings; estimated customer refunds, costs and litigation; write-down of intangible items; and asset sales/revaluations. Includes Westpac New Zealand.
11
Westpac Group 2021 Interim Results Presentation & Investor Discussion Pack
Westpac GROUPView entire presentation