Investor Presentaiton slide image

Investor Presentaiton

Provision cover by portfolio category. Credit quality Exposures as a % of TCE Fully performing portfolio H growth 93.10 92.10 95.72 95.77 Stage 1 exposures increased, mainly mortgages and institutional TCE Stage 1 provisions Provisioning to TCE (%) Sep-19 Mar-20 Sep-20 Mar-21 Fully performing portfolio Small cover as low probability of default (PD) 0.09 0.12 0.11 0.10 Stage 2 provisions Non-stressed but significant 5.99 increase in credit risk Stage 2 reduction 5.30 driven by improved Lifetime expected loss based on 4.32 6.78 3.41 3.29 Non-stressed but significant risk profile / macroeconomic future economic conditions 2.96 increase in 3.03 0.85 outlook and COVID-19 Watchlist & substandard credit risk package run-off 0.75 Still performing but higher cover 5.27 10.67 8.25 9.07 reflects deterioration 0.62 Watchlist & 0.55 substandard Stage 3 provisions 0.80 0.66 90+ day past 0.48 0.50 due and not impaired Impaired 0.17 0.20 0.26 0.19 Stage 3 exposures decreased, from net transfers to Stages 1 and 2, mainly mortgages (delinquency performance) and 90+ day past due and not impaired In default but strong security 11.07 11.61 11.98 12.91 Impaired assets Sep-19 Mar-20 Sep-20 Mar-21 institutional (portfolio run-off) In default. High provision cover reflects expected recovery 44.92 50.09 41.45 47.03 61 Westpac Group 2021 Interim Results Presentation & Investor Discussion Pack Westpac GROUP
View entire presentation