Westpac Financial Performance Update

7 | Balanced volume growth across portfolio Mortgages Business Credit cards 0.8x (1.0x (0.8x Retail deposits 1.1x Deposit to loan ratio (%) 77.3 8.0% 8.8% 9.2% 1.6% 8.2% 7.5% 6.3% 1.2% 75.2 Peer 76.6 average¹ 72% System WNZL System WNZL System WNZL System WNZL Source: RBNZ, 1H16 growth Mortgage and Consumer 90+ days delinquencies (%) 1H15 2H15 1H16 1 Source Company Reports. Peer average as at 31 December 2015. Business stressed to TCE (%) 1.2 0.8 0.4 0.0 Sep-10 -Mortgages 90+ days past due Consumer 90+ days past due Mar-11 Sep-11 Mar-12 Sep-12 Mar-13 Sep-13 Mar-14 Sep-14 Mar-15 Sep-15 Mar-16 0.56 0.15 1.55 1.47 1H15 2H15 1H16 1.66 PRIVATE & CONFIDENTIAL

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