Westpac Banking Corporation · ASX:WBC
Westpac Banking — 3Q25 Earnings Presentation
17 slides from Westpac Banking's earnings presentation, Jun 30, 2025
Slide 1: 3Q25 Investor Discussion Pack
3Q25 INVESTOR DISCUSSION PACK FOR THE 3 MONTHS ENDED 30 JUNE 2025 This document should be read in conjunction with Westpac’s June 2025 Pillar 3 Report. All amounts are in Australian dollars. © Westpac Banking Corporation ABN 33 007 457 141
Slide 2: 3Q25 Summary
3Q25 SUMMARY1 Sound financial performance • Statutory net profit $1.9bn, up 14% • Net profit excluding Notable Items $1.9bn, up 8% • Revenue up 4% reflecting disciplined growth and positive market conditions • NIM of 1.99%: Core up 5bps to 1.85% on lower liquid assets and modest improvements in loan
Slide 3: Financial Performance
FINANCIAL PERFORMANCE FINANCIAL PERFORMANCE Net profit excluding Notable Items $1.9bn Excluding Notable Items % movement 3Q25 - 1H25 qtr $bn 3Q25 average Unaudited statutory net profit Net interest income 5.0 4 Non-interest income 0.8 6 Net operating income 5.7 4 Expenses (2.9) 3 $1.9bn Pre-provisio
Slide 4: CET1 Capital Ratio 12.3%
CET1 CAPITAL RATIO 12.3% CAPITAL Level 2 CET1 capital ratio movements (%, bps) Key capital ratios (%) Jun-24 Mar-25 Jun-25 Level 2 CET1 12.0 12.2 12.3 capital ratio Additional Tier 1 Lending: (18bps) 2.4 2.3 2.3 capital ratio IRRBB: 28bps Further details on page 5 Tier 1 capital ratio 14.4 14.5 14.6
Slide 5: Risk Weighted Asset Movements
RISK WEIGHTED ASSET MOVEMENTS CAPITAL RWA ($bn) 3.9 (10.2) 449.5 1.7 (0.1) 444.8 Down $4.7bn or 1.1% Mar-25 Credit risk IRRBB Market risk Operational risk Jun-25 Credit RWA1 ($bn) IRRBB RWA ($bn) Optionality and basis risk Repricing and yield curve risk Embedded loss/(gain) 3y Swap rate (in %) 6.7 0
Slide 6: Provisions for Expected Credit Loss
PROVISIONS FOR EXPECTED CREDIT LOSS CREDIT QUALITY Total provisions for expected credit losses1 ($m) Key ratios Overlay Stage 1 CAP Stage 2 CAP Stage 3 CAP Stage 3 IAP Jun-24 Mar-25 Jun-25 Provisions to gross loans (bps) 64 61 60 5,128 5,096 5,072 5,072 Impaired asset provisions 213 179 130 129 43 4
Slide 7: Credit Quality Metrics
CREDIT QUALITY METRICS CREDIT QUALITY Stressed exposures as a % of TCE Australian mortgage delinquencies (%) Impaired Non-performing, 90+ days 90+ dpd excl. 6 months serviceability hold-out period and RAMS (closed to new customers) Non-performing, <90 days Watchlist & substandard 90+ day delinquenci
Slide 8: Credit Quality Across Sectors
CREDIT QUALITY ACROSS SECTORS CREDIT QUALITY Corporate and business stressed exposures by industry sector (%) 6.0 Jun-24 Mar-25 Jun-25 5.0 4.0 3.0 2.0 1.0 0.0 Property Wholesale Property & Agriculture, Utilities Services Manufacturing Transport Construction Accommodation Mining & business forestry &
Slide 9: Australian Mortgage Portfolio Composition
AUSTRALIAN MORTGAGE PORTFOLIO COMPOSITION CREDIT QUALITY Jun-24 Mar-25 Jun-25 Australian mortgage portfolio balance balance balance By product and repayment type (%) Total portfolio ($bn) 504.2 510.2 515.0 Jun-24 (Portfolio) Mar-25 (Portfolio) Jun-25 (Portfolio) Owner occupied (OO) (%) 67.7 68.1 68.
Slide 10: Australian Mortgage Portfolio Repayment Buffers
AUSTRALIAN MORTGAGE PORTFOLIO REPAYMENT BUFFERS CREDIT QUALITY Customers ahead on repayments1 (% by balances) Loans ‘on time’ Jun-24 Mar-25 Jun-25 and <1mth ahead 25 25 Investment property loans – 23 35 generally maintain higher 20 21 21 21 19 19 19 balances for tax purposes 17 16 18 16 17 15 Accoun
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 91% of mortgage portfolio has an LVR less than 80% Mar-25 1.5 1.06 49.0% 1.0 0.98 0.54 19.8% 21.8% 0.5 0.55 6.7% 2.7% 0.0 Jun-23 Dec-23 Jun-24
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 130 133 135 134 113 115 83.3 83.5 84.5 84.0 112 114 Jun-24 Sep-24 Mar-25 Jun-25 Jun-2
Slide 13: Appendix 1: Net Profit
APPENDIX 1: NET PROFIT APPENDIX % movement 3Q25 - 1H25 qtr $b 1Q25 2Q25 1H25 qtr average 3Q25 average Net interest income 4.8 4.7 4.8 5.0 4 Non-interest income 0.8 0.7 0.7 0.8 6 Net operating income 5.6 5.4 5.5 5.7 4 Operating expenses (2.8) (2.9) (2.8) (2.9) 3 Pre-provision profit 2.8 2.5 2.6 2.8 6
Slide 14: Appendix 2: Statutory Net Profit
APPENDIX 2: STATUTORY NET PROFIT APPENDIX % movement 3Q25 - 1H25 qtr $b 1Q25 2Q25 1H25 qtr average 3Q25 average Net interest income 4.5 4.8 4.7 5.0 7 Non-interest income 0.8 0.7 0.7 0.7 4 Net operating income 5.3 5.5 5.4 5.8 7 Operating expenses (2.8) (2.9) (2.8) (2.9) 3 Pre-provision profit 2.5 2.6
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 Jacqueline Boddy Lucy Wilson Head of Debt Investor Relations Head of Corporate Reporting and ESG James Wibberley Arthur Petratos Manager, Inv
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