Telstra Group Limited · ASX:TLS

Telstra — JB Were 3rd Annual Australasian Conference 2007

8 slides from Telstra's conference presentation, Mar 9, 2007

  1. Slide 1: ASX cover letter for JB Were conference presentation

    9 March 2007 The Manager Company Announcements Office Australian Stock Exchange 4" Floor, 20 Bridge Street SYDNEY NSW 2000 ELECTRONIC LODGEMENT Dear Sir or Madam Office of the Company Secretary Level 41 242 Exhibition Street MELBOURNE VIC 3000 AUSTRALIA Telephone 03 8634 6400 Facsimile 039632 3215 T

  2. Slide 2: Telstra Corporation Limited, JB Were 3rd Annual Australasian Conference

  3. Slide 3: Sales revenue and revenue drivers

    $ billions (except margins & DPS} Sales Revenue Ordinary DPS (cents) ” (1} Before mincrity interests 1HO8 exciudes 6 cent per share special dividend | Sales Revenue Drivers: $ Total mobiles » Mobile services « Mobite handsets Retail broadband Wholesale broadband IP access Specialised data Sensis PST

  4. Slide 4: Mobile, broadband, fixed line and media momentum

    8 é& &s 1.2m 3G S108 - added more than 700,000 LHO? Market leader at end of January ~ 4 months ahead of target 3G ARPU uplift of $20 maintained Next G™ driving content and applications ~ nom SMS data ARPU +74% & & & Outgrowing competitors to increase market share by 1% to 45% Beating nearest competi

  5. Slide 5: Next G network and IP network transformation

    @ Next G™ peak network download speeds increased to 14.4Mbps Additional 460 base stations being rolled autin FYO?7 ~ Deeper coverage, More capacity % +1800 more Next G™ base stations compared to CDMA Moving to one consolidated network 200km range extension completed at selected sites © Trial of home

  6. Slide 6: Addressing Key Market Misperceptions

    | Addressing Key Market Mispercepti i PSTN %® Slowed PSTN revenue decline to 5.6 . . . ® Churn trend improving with positive PSTN churn from @ —FY06 is only the beginning of along period where competitors since October 06 fixed line will decline at high single digit rates ® Subscription pricing posi

  7. Slide 7: Management objectives unchanged and regulatory update

    ler Revenue Growth New product revenue Cost growth EBITDA (4) EBITDA margin Workforce Capex Free cash flow m Management if Objectives unchanged” 2.0% to 2.5% pa to FY10 2.0% to 3.0%pa to FYLG 2.0% to 2.5% pa growth to F¥10 46% to 48%pa by FY1G Down 12,000 by FY10 16% to 12% of revenue by FY1O $6b to

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Telstra — JB Were 3rd Annual Australasian Conference 2007 on 6ix