Westpac Banking Corporation · ASX:WBC
Westpac Banking — Westpac New Zealand — Debt Investor Presentation (August 2026)
17 slides from Westpac Banking's debt investor presentation, August 2026
Slide 1: Investor Presentation
Westpac New Zealand Limited Investor Presentation The material contained in this presentation should not be reproduced, distributed or transmitted to any person without the consent of Westpac New Zealand Limited. August 2026
Slide 2: Important information
Important information The material contained in this presentation is intended to be general background information on Westpac New Zealand Limited (“WNZL”) (NZBN 9429034324622) and its activities, as well as WNZL affiliates and their activities. It should not be reproduced, distributed or transmitted
Slide 3: Important information: forward-looking statements
Important information Disclosure regarding forward-looking statements This presentation contains statements that constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not hi
Slide 4: New Zealand economic forecasts
New Zealand economic forecasts Quarterly % change Annual % change Forecasts as at 27 August 2026 Mar-26 Jun-26 Sep-26 Dec-26 2024 2025 2026 2027 GDP 0.8 -0.1 0.6 0.8 -1.6 1.5 2.1 3.0 GDP (annual average) - - - - -0.3 0.3 2.0 2.7 Consumer price index 0.9 1.5 0.7 0.6 2.2 3.1 3.7 1.7 Employment change
Slide 5: Housing market
Housing market Dwelling prices (% change over period) New Zealand dwelling prices by region (Index = 1000 in 2010) Last 3 mths Last 12 mths Last 5 years 3500 3500 Region Pop’n OCR increases (to Jul-26) (to Jul-26) (to Jul-26) 3000 Auckland begin OCR cuts 3000 begin Auckland 1.8m Down 1% Down 2% Down
Slide 6: 1H26 financial performance
1H26 financial performance1 Profit after income tax expense (NZ$m) Profit after income tax expense and net interest margin (NIM) 2 Profit after income tax expense (NZ$m, LHS) NIM (%, RHS) Average interest earning Weaker macro-economic assets (AIEA) up 3%, NIM Higher technology costs outlook, an incr
Slide 7: Balance sheet
Balance sheet1 Total lending portfolio (NZ$bn)2 Deposits and other borrowings (NZ$bn) Term At call Transactional deposits3 Certificates of deposit Residential mortgages Other retail Corporate Other 85.5 109.5 80.8 82.2 81.5 82.8 106.8 1.7 2.9 2.4 1.9 1.8 102.6 0.2 13.4 0.2 12.4 11.2 12.2 99.8 14.4 9
Slide 8: WNZL capital management
WNZL capital management1 Regulatory capital (NZ$m) Capital ratios (% RWA3) Common Equity Tier 1 (CET1) Additional Tier 1 (AT1) Tier 2 16.2 16.2 15.8 13.9 14.4 1.8 1.6 1.6 0.9 1.7 2.6 2.6 2.5 2.0 1.6 CET1 11,948 AT1 11,864 11,335 11.0 11.1 11.8 12.0 11.7 Tier 2 1,200 1,200 10,051 1,200 9,417 1,875 1,
Slide 9: RBNZ 2025 Capital Review
RBNZ 2025 Capital Review The RBNZ announced the key decisions from its 2025 Capital Review in December 20251, Capital ratios (% RWA) with additional background material released in February, April and June 20262. 21.0 For Group 1 deposit takers (i.e. WNZL and the three other largest NZ banks), the r
Slide 10: Liquid assets
Liquid assets1 Liquid assets (NZ$bn)2 BS13 liquid asset position (NZ$bn)3 Funded liquid assets Internal RMBS Loans (LHS) BS13 liquid assets (LHS) Additional RMBS (LHS) BS13 liquids / total loans (RHS) 140 30% 24.7 25.0 25.3 23.6 24.9 120 6.2 100 25% 7.4 8.2 7.7 9.0 80 20% 60 17.3 18.9 17.1 16.0 15.9
Slide 11: Wholesale funding profile
Wholesale funding profile Wholesale funding composition (NZ$bn)1 Term maturities by financial year (NZ$bn)4 Wholesale onshore <1yr 2 Domestic Medium Term Note (DMTN) Euro Medium Term Note (EMTN) Wholesale offshore <1yr Covered Bonds US Medium Term Note (USMTN) Wholesale onshore >1yr 3 Wholesale offs
Slide 12: WNZL lending portfolio and performance
WNZL lending portfolio and performance1 Total committed exposure2 Provision for expected credit losses (NZ$m) 6 NZ$bn FY25 1H26 %TCE vs FY25 781 Consumer lending3 88.4 90.9 57.2% +2.8% 517 Business lending 66.0 68.1 42.8% +3.3% 303 Non-Institutional4 28.7 30.1 18.9% +4.6% Institutional 37.2 38.1 23.
Slide 13: WNZL mortgage portfolio
WNZL mortgage portfolio1 Mortgage 90+ day delinquencies (%) Mortgage portfolio 0.75% Total portfolio (NZ$bn)2 73.4 0.49% 0.50% 0.46% 0.50% 0.33% Fixed / Floating (%) 89 / 11 0.22% 0.25% Owner occupied (%) 74.3 0.00% FY22 FY23 FY24 FY25 1H26 Investment property loans (%) 25.7 Mortgage portfolio LVR3
Slide 14: Asset quality
Asset quality1 Business portfolio (TCE as a percentage of Total Business TCE) Agribusiness portfolio2 FY25 1H26 14 Agriculture, Forestry and Fishing Total committed exposure (TCE) ($bn) 9.2 9.2 Commercial Property 39 16 Finance and insurance Agribusiness as a % of total TCE5 5.9 5.8 Government admin
Slide 15: Strong bank fundamentals Supporting customers throughout 1H26
Strong bank fundamentals Supporting customers throughout 1H261 • Locally incorporated bank, wholly owned (via ordinary shares) but Supporting customers not guaranteed by Westpac Banking Corporation (WBC) • Helped first home buyers purchase 3,121 new homes in the • Contributed 9% to WBC’s total asset
Slide 16: Composition of the New Zealand economy
1 Composition of the New Zealand economy Regional GDP Output and employment Nationwide GDP: NZ$451bn GDP by sector (%) Population: 5.36mil Other 10% Primary industries 6% Total nominal GDP 2019: $303bn Construction 6% Northland, $12bn Social services (incl. Utilities 3% 4% of population health and e
Slide 17: Key Contacts
Key Contacts Ollie Williams Liam Cleary Treasurer Executive Director, Head of Funding Balance Sheet and Securitisation Westpac New Zealand Limited 16 Takutai Square Westpac New Zealand Limited Auckland 1010, New Zealand 16 Takutai Square Phone: +64 9 336 9927 Auckland 1010, New Zealand Email: ollie.
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