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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 25250
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