Investor Presentaiton
2H21
1H22
Consumer 2H22 performance.
Cash earnings ($m)
AIEA up 1%, NIM up 7bps from
higher deposit spreads, partly
offset by lower loan spreads
Simplification initiatives, organisational
redesign and completion of some
regulatory projects
One-off payment received in
1H22 in relation to a distribution
agreement for general insurance
Large turnaround due to a CAP charge
reflecting a changed economic forecast
1,780
1,646
115
(255)
231
(36)
Up $46m or 3%
Down $1m or flat
Net interest
income
Non-interest
income
Operating
expenses
Impairment
charges
Tax and NCI
Consumer
Change
Key financial metrics
2H21
1H22
2H22
on 1H22
Revenue ($m)
4,985
4,701
4,896
4%
Net interest margin (%)
2.27
2.09
2.16
7bps
Expense to income (%)
50.6
50.4
47.4
(300bps)
Customer deposit to loan ratio (%)
57.6
59.3
59.1
(18bps)
Stressed exposures to TCE (%)
0.98
0.81
0.68
(13bps)
Mortgage 90+ day delinquencies (%)
1.07
0.88
0.75
(13bps)
1,692
(47)
1,645
Key operating metrics
Main financial institution 1 (%)
Change
2H21
1H22
2H22
on 1H22
15.7
16.4
16.3
(10bps)
Active digital banking customers² (#m)
5.24
5.31
5.48
3%
Active new Westpac app
1.7
2.5
2.7
8%
customers³ (#m)
2H22 ex-notable
items
Notable items
2H22
Branches (#)4
ATMs (#)
99
1 Refer page 136 for metric definitions and details of provider. 2 Includes all brands, consumer and business customers. 3 Users of the new Westpac app only, includes consumer and business customers. 4 Includes all points of presence including
Advisory, Community Banking Centres and Kiosks. Kiosks have been restated in comparatives. Co-located branches are considered two points of presence. There are 27 co-located branches open for all Westpac brands customers.
Westpac Group 2022 Full Year Results Presentation & Investor Discussion Pack
Westpac GROUP
851
781
732
(49)
1,270
1,153
1,071
(82)View entire presentation