Investor Presentaiton

Investment and capitalised software. Investment spend mix ($m) ■Perform Simplify 1,720 2,019 Fix Expenses Investment spend ($m) FY21 FY22 Expensed 1,222 883 1,987 Capitalised¹ 797 1,104 Total investment spend 2,019 1,987 1,431 1,312 1,049 Capitalisation of investment increased with higher spend on platforms and infrastructure Down 8% due to completion of several initiatives 283 244 378 Up 55% using digital to simplify and automate activities 388 FY20 344 297 Down 14% as investment directed to Fix & Simplify FY21 FY22 1 Includes capitalised software, fixed assets and prepayments. 66 Westpac Group 2022 Full Year Results Presentation & Investor Discussion Pack Westpac GROUP

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