Investor Presentaiton

Changing credit cycle in perspective. 30 • Portfolio quality improved Lower risk in portfolio Stress lower Higher serviceability thresholds since 2015 Material rise in property prices over last five years Most customers well prepared Mortgages - - - 68% ahead of repayments - Offset balances remain high Actual losses $2m in 2H22 Only 1% of portfolio with dynamic LVR >90% - Extensive analysis of portfolios Unemployment at generational . Well provisioned Provision balances 18% higher than pre COVID-19 levels 45% weight to downside. (5% to upside) $700m in overlays Resourcing support teams for higher stress lows Westpac Group 2022 Full Year Results Presentation & Investor Discussion Pack Westpac GROUP

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