Westpac Banking Corporation · ASX:WBC
Westpac Banking — Q3 2026 Earnings Presentation
17 slides from Westpac Banking's earnings presentation, Aug 10, 2026
Slide 1: 3Q26 Investor Discussion Pack
3Q26INVESTOR DISCUSSIONPACK WESTPAC FOR THE 3 MONTHS ENDED 30 JUNE 2026 This document should be read in conjunction with Westpac’s June 2026 Pillar 3 Report. All amounts are in Australian dollars. Charts may not add due to rounding. WESTPAC BANKING CORPORATION ABN 33 007 457 141
Slide 2: Current Operating Environment
CURRENT OPERATING ENVIRONMENT OPERATING ENVIRONMENT Applications have moderated Housing credit growth forecasts (%)2 Average monthly mortgage application volumes (,000s) FY26 FY27 FY28 29 26 11% Total 6.8% 4.7% 5.2% 20% Owner occupier 5.7% 4.8% 5.6% 3Q23 1Q24 3Q24 1Q25 3Q25 1Q26 3Q26 Post Invest
Slide 3: Financial Performance
FINANCIAL PERFORMANCE FINANCIAL PERFORMANCE Net profit excluding Notable Items1 Excluding Notable Items $1.8bn % movement Unaudited statutory net profit 3Q26 - 1H26 qtr $bn 3Q26 average Net profit excluding Notable Items 1.8 2% Net operating income 5.7 1% $1.8bn Operating expenses (2.9) 1% Net profi
Slide 4: CET1 Capital Ratio 12.1%
CET1 CAPITAL RATIO 12.1% CAPITAL Level 2 CET1 capital ratio movements (%, bps) Key capital ratios (%) Mar-25 Jun-25 Mar-26 Jun-26 38 (57) Level 2 CET1 12.2 12.3 12.4 12.1 capital ratio 12.42 (31) Additional Tier 1 2.3 2.3 1.9 1.8 1 12.06 capital ratio 13 Tier 1 capital ratio 14.5 14.6 14.3 13.9 Lend
Slide 5: Risk Weighted Assets
RISK WEIGHTED ASSETS CAPITAL RWA ($bn) 1.5 (0.6) (0.7) 4.7 (4.8) 4.3 464.5 1.6 0.0 0.3 458.3 Credit RWA up $6.4bn or 1.8% Up $6.2bn or 1.3% Mar-26 Credit quality Lending1 Counter- Data FX IRRBB Operational Market Capital floor Jun-26 party credit refinement translation risk risk adjustment 2 and MTM
Slide 6: Provisions for Expected Credit Loss
PROVISIONS FOR EXPECTED CREDIT LOSS CREDIT QUALITY Total provisions for expected credit losses1 ($m) Key ratios $2.0bn above base case Jun-25 Mar-26 Jun-26 5,298 Provisions to gross loans (bps) 60 58 58 5,199 5,072 4,987 282 344 129 Impaired asset provisions 238 42 42 41 to impaired assets (%) 903 1
Slide 7: Credit Quality Metrics
CREDIT QUALITY METRICS CREDIT QUALITY Stressed exposures as a % of TCE Australian mortgage delinquencies1 (%) Impaired Non-performing, 90+ days 3.0 90+ day delinquencies 30+ day delinquencies Non-performing, <90 days Watchlist & substandard 1.33 1.28 2.0 1.16 1.19 0.54 0.51 0.44 0.46 1.14 1.0 0.30 0
Slide 8: Credit Quality Across Sectors
CREDIT QUALITY ACROSS SECTORS CREDIT QUALITY Corporate and business stressed exposures by industry sector (%) 6.0 Jun-25 Mar-26 Jun-26 5.0 4.0 3.0 2.0 1.0 0.0 Property Wholesale Property & Utilities Services Agriculture, Manufacturing Transport Accommodation Construction Mining & business forestry &
Slide 9: Australian Mortgage Portfolio Composition
AUSTRALIAN MORTGAGE PORTFOLIO COMPOSITION1 CREDIT QUALITY Australian mortgage portfolio Jun-25 balance Mar-26 balance Jun-26 balance 3Q26 flow2 By product and repayment type (%) Jun-25 (Portfolio) Mar-26 (Portfolio) Jun-26 (Portfolio) Total portfolio ($bn)1 491.4 517.7 529.1 33.3 66 65 65 Owner occu
Slide 10: Australian Mortgage Portfolio Repayment Buffers
AUSTRALIAN MORTGAGE PORTFOLIO REPAYMENT BUFFERS1 CREDIT QUALITY Customers ahead on repayments2 (% by balances) Jun-25 Mar-26 Jun-26 28 27 Loans ‘on time’ 26 and <1mth ahead Investment property loans – 22 21 21 generally maintain higher balances for tax purposes 18 17 18 18 19 19 32 15 14 14 Accounts
Slide 11: New Zealand Credit Quality
NEW ZEALAND CREDIT QUALITY CREDIT QUALITY Mortgage delinquencies (%) Mortgage portfolio LVR2 (% of portfolio) 2.0 90+ day delinquencies 30+ day delinquencies 89.1% of mortgage portfolio has an LVR of 80% or less 1.5 45.6% 1.0 0.88 24.2% 0.5 19.3% 0.48 7.8% 3.1% 0.0 Jun-24 Dec-24 Jun-25 Dec-25 Jun-26
Slide 12: Funding and Liquidity
FUNDING AND LIQUIDITY FUNDING AND LIQUIDITY Key funding and liquidity measures Liquidity coverage ratio (LCR) (%) Net stable funding ratio (NSFR) (%) Customer deposits to net loans ratio (D2L) (%) Quarterly average 134 137 132 134 84.0 84.9 84.2 84.1 114 113 112 111 Jun-25 Sep-25 Mar-26 Jun-26 Jun-2
Slide 13: Appendix 1: Net Profit
APPENDIX 1: NET PROFIT APPENDIX % movement 3Q26 – 1H26 qtr $bn 1Q26 2Q26 1H26 qtr average 3Q26 average Net interest income 5.0 4.7 4.9 5.0 2% Non-interest income 0.7 0.8 0.8 0.7 (3%) Net operating income 5.8 5.5 5.6 5.7 1% Operating expenses (3.0) (2.9) (2.9) (2.9) 1% Pre-provision profit 2.8 2.6 2.
Slide 14: Appendix 2: Statutory Net Profit
APPENDIX 2: STATUTORY NET PROFIT APPENDIX % movement 3Q26 – 1H26 qtr $b 1Q26 2Q26 1H26 qtr average 3Q26 average Net interest income 5.0 4.7 4.9 5.0 2% Non-interest income 0.8 0.8 0.8 0.7 (3%) Net operating income 5.8 5.5 5.6 5.7 1% Operating expenses (3.0) (3.0) (3.0) (2.9) (1%) Pre-provision profit
Slide 15: Appendix 3: Abbreviations
APPENDIX 3: ABBREVIATIONS APPENDIX AIEA Average interest earning assets CAP Collectively assessed provisions CET1 capital ratio Common equity tier one capital ratio LCR Liquidity coverage ratio NIM Net interest margin NSFR Net stable funding ratio ROE Return on average equity ROTE Return on average
Slide 16: Investor Relations Team – Contact Us
INVESTOR RELATIONS TEAM – CONTACT US CONTACT US Justin McCarthy Catherine Garcia General Manager, Investor Relations Head of Investor Relations, Institutional Shannon Thompson Lucy Wilson Director Debt Investor Relations Head of Corporate Reporting and ESG James Wibberley Arthur Petratos Senior mana
Slide 17: Disclaimer
DISCLAIMER DISCLAIMER The material contained in this presentation is intended to be general background information on Westpac Banking Corporation (Westpac) and its activities. The information is supplied in summary form and is therefore not necessarily complete. It is not intended that it be relied