Slide 1: Annual Meeting
Annual Meeting 30 SEPTEMBER 2025
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements. Forward-looking statements often include words such as "anticipates", "estimates", "expects", "intends", "plans", "believes“ and similar words in connection with discussions of future operating or financial performance. The forward-lo
Slide 3: Doug McKay, Chair
Doug McKay Chair 3
Slide 4: Agenda
Agenda • Instructions for voting and asking questions • Ordinary business • Chair’s address • Group chief executive’s address • Election and re-election of directors • Increase to the directors’ fee pool • Appointment and remuneration of auditor • General business and shareholder questions • Final c
Slide 5: Asking questions
Asking questions Questions may be asked at the relevant time during the meeting. Two questions only per person. The chair, CEO and staff will be available after the meeting for other questions. Online questions can be submitted at any time. 5
Slide 6: Voting
Voting You may mark your voting paper at any time. A team member from Computershare will collect the voting forms at the conclusion of the meeting. The Chair will indicate the final opportunity for voting before the papers are collected. Online voting can be changed at any time, until voting closes.
Slide 7: Voting is open
Voting is open 843 shareholders, holding a total of more than 848,536,130 shares, have appointed proxies. Doug McKay, in his capacity as Chair and in his own name, holds proxies for 408 shareholders, representing 844,232,948 shares. Included in these proxies are 751,000,000 shares held by Entrust, o
Slide 8: Solid performance: Adjusted EBITDA
Solid performance Adjusted EBITDA ($M) +57 +2 -3 401 345 FY24 Electricity Gas Other FY25 Distribution 8
Slide 9: Solid performance: NPAT
Solid performance NPAT ($M) +18 155 +15 -13 +56 -20 +23 76 FY24 Adj. EBITDA Capital Depreciation Net Interest Impairment Other FY25 Contributions and Amortisation ”Other” includes, share of associates, fair value changes on financial instruments and tax. 9
Slide 10: Dividend
Dividend Dividend (cents per share) 25.00 24.00 22.25 1.75 5.50 16.75 16.75 13.00 16.00 16.25 16.50 16.50 15.50 15.75 13.00 8.00 8.00 8.25 8.25 8.50 8.50 8.50 8.00 8.00 12.00 8.25 8.25 8.25 8.25 8.25 8.25 9.25 7.50 7.75 8.00 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Interim Final Specia
Slide 11: Simon Mackenzie, Group chief executive
Simon Mackenzie Group chief executive 11
Slide 12: Prudent investment for affordability
Prudent investment for affordability 12
Slide 13: Developing AI tools
Developing AI tools 13
Slide 14: Reducing emissions
Reducing emissions 14
Slide 15: Simon Mackenzie, Group chief executive
Simon Mackenzie Group chief executive 15
Slide 16: Outlook
Outlook • As with the half year we will be providing guidance on adjusted EBITDA, gross capex and capital contributions. • For FY26 the guidance range is as follows: • Adjusted EBITDA: $470m - $490m – forecast increase on FY25 is driven primarily by the first full year of the electricity DPP4 period
Slide 17: Doug McKay, Chair
Doug McKay Chair 17
Slide 18: Questions on chair and CEO report and financial statements
Questions on chair and CEO report and financial statements 18
Slide 19: Election and re-election of directors
Election and re-election of directors 19
Slide 20: Vaughan Busby, Director
Vaughan Busby Director 20
Slide 21: Alastair Bell, Director
Alastair Bell Director 21
Slide 22: Paul Hutchison, Director
Paul Hutchison Director 22
Slide 23: Doug McKay, Director
Doug McKay Director 23
Slide 24: Paula Rebstock, Director
Paula Rebstock Director 24
Slide 25: Election and re-election Q&A
Election and re-election Q&A 25
Slide 26: Proxy results: election and re-election of directors
Proxy results: election and re- election of directors Proxy voting Busby Bell Hutchison McKay Rebstock For 843,919,142 837,342,398 843,931,524 836,498,353 841,068,587 Against 40,181 6,681,722 82,556 7,546,891 2,989,194 Discretionary 4,576,807 4,519,743 4,501,884 4,478,649 4,488,708 Abstain 36,290 28
Slide 27: Increase to directors' fee pool
Increase to directors’ fee pool 27
Slide 28: Proxy results: increase to directors' fee pool
Proxy results: increase to directors’ fee pool Proxy voting Votes For 843,163,378 Against 835,092 Discretionary 4,484,058 Abstain 89,892 28
Slide 29: Appointment and remuneration of auditor
Appointment and remuneration of auditor 29
Slide 30: Proxy results: appointment and remuneration of auditor
Proxy results: appointment and remuneration of auditor Proxy voting Votes For 843,639,674 Against 443,943 Discretionary 4,467,038 Abstain 21,765 30
Slide 31: General business and Q&A
General business and Q&A rv] vector
Slide 32: Final chance for voting
Final chance for voting Vi) vector
Slide 33: Thank you
Thank you Vi) vector