Investor Presentaiton
Sectors in focus.
Commercial property.
Commercial property
Mar-20
Sep-20
Mar-21
Total committed exposures (TCE)
$67.6bn
$65.9bn
$67.4bn
Lending
$52.7bn
$51.9bn
$52.2bn
As a % of Group TCE
6.25
6.22
6.28
Median risk grade (S&P equivalent)
BB+
BB+
BB+
% of portfolio graded as stressed 1,2
1.84
2.83
2.92
% of portfolio impaired²
0.11
0.16
0.14
Commercial property portfolio composition (TCE) (%)
Region (%)
Borrower type (%)
23
23
O
47
11
32
8
■ VIC
■NSW & ACT
15
■ QLD
■ SA & NT
■WA
■NZ & Pacific
■Institutional
1 Includes impaired exposures. 2 Percentage of commercial property portfolio TCE.
67
Westpac Group 2021 Interim Results Presentation & Investor Discussion Pack
38
88
Credit quality
Commercial property exposures % of TCE and % in stress
4
8 6 + 2 O
0
Sep-11
Mar-12
Sep-12
Commercial property as % of TCE (Ihs)
Commercial property % in stress (rhs)
Mar-13
Sep-13
Mar-14
Sep-14
Mar-15
■Investors &
Developers <$10m
■Developers >$10m
40
40
12
■Investors >$10m
Sep-15
Mar-16
Sep-16
Mar-17
Sep-17
Mar-18
Sector (%)
12
2
2
■Diversified Property
21
7
Groups and Property
20
20
Trusts >$10m
Sep-18
Mar-19
Sep-19
Mar-20
Sep-20
Mar-21
33
33
■Commercial Offices
■Residential
■Retail
■Industrial
■Corporate
■Other
Westpac GROUP
15
10
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