Investor Presentaiton

Non-interest income down 4%.1 Net fees¹ • • Higher provisions for credit card customer remediation Increased scheme fees and reward costs driven by higher spend 2% Wealth1 5% Trading and other¹ • Higher duration cash managed revenue 845 813 827 97 116 371 111 360 354 162 172 165 232 265 248 312 302 303 2H21 1H22 2H22 WIB Consumer Business Other 2H21 1H22 2H22 17% Lower DVA² as credit spreads widened Market volatility drove lower customer demand and losses on revaluations and hedges One-off in 1H22 - General Insurance distribution milestone payment $25m 414 401 343 75 62 139 39 373 340 223 (34) (59) 2H21 1H22 2H22 ■Trading DVA Other 1 Excludes the impact of notable items and income for businesses sold. Income for businesses sold includes General Insurance, Lenders Mortgage Insurance, Vendor Finance, Motor Vehicle Finance & Novated Leasing, NZ life insurance and Australian life insurance; prior figures have been aligned to current presentation for comparability. 2 Derivative valuation adjustments. 25 Westpac Group 2022 Full Year Results Presentation & Investor Discussion Pack Westpac GROUP

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