#1Export Finance Australia AUSTRALIA Australian Government export finance australia#2Our mandate Supporting SMEs, corporates and governments to realise export opportunities Providing finance for defence exports, including through the Defence Export Facility export finance australia Helping finance sustainable infrastructure in the Pacific and broader Indo-Pacific region Enabling broader government objectives by supporting other Commonwealth entities 2#3We provide a range of financial services Loans We provide loans to Australian exporters to support export contracts, or to overseas buyers of Australian goods and services. Guarantees We issue guarantees to an Australian exporter's bank if the business cannot provide further security and the bank won't extend additional finance. $11 Bonds We offer bonds to help Australian companies with their security obligations under overseas contracts. Insurance We protect Australian exporters against the possibility of non-payment due to certain commercial and political risks. 3#4Our impact 2018-2019 highlights: 147 transactions completed supporting 107 businesses $377.6 m in support provided E $2.29b in export contracts supported $1.64b contributed to Australia's GDP 13,622 Australian jobs supported l $36.8m in pre-tax profit 4#5Some of our international success stories: SMES Calix Australian innovation solving global environmental challenges Australian innovation is making a real impact in reducing CO2 emissions globally and that's the driving force behind Calix. We provided Calix with over A$5.5m in loans to enable them to take their innovative 'CO2 reduction and capture' technology to Europe to reduce carbon emissions in the concrete and lime manufacturing industries. Seeing Machines Life saving technology for drivers across the world Seeing Machines is at the forefront of driver monitoring technology and has more than 200 staff and operations across the world; including the US, the UK, South America, Europe and in South East Asia. Our Export Line of Credit gave Seeing Machines the ability to deliver 8,000 units of the Guardian driver monitoring system to a Thai-based transport logistics company. Down Under Enterprises From humble beginnings to a purer world Down Under Enterprises specialises in the farming, production, export, and distribution of a wide range of wholesale natural Australian oils and other ingredients for global personal care markets. We were able to provide a guarantee to Down Under Enterprises' bank to support export order delivery to the US and China. Laservision Creating unique and unforgettable experiences on the world stage Laservision is a designer and producer of multimedia entertainment attractions. Awarded the Dubai Festival City contract to design and install a multi-media attraction for a flagship store redevelopment, the business couldn't get capital from its bank. In partnership with their bank, we helped create a multi-option finance package, comprising a guarantee and performance bond. 5#6Some of our international success stories: Project & Structured Finance Oyu Tolgoi Driving economic growth for the people of Mongolia Oyu Tolgoi is the largest single investment in Mongolia's history, expected to boost GDP by over 30% when fully operational. As part of a syndicate involving other international credit agencies and commercial lenders, we provided a US$150m loan to the project. More than 200 Australian SMEs have already been involved in the initial development phase (with contracts worth more than US$147m). PNG LNG Providing local energy production in Papua New Guinea The ExxonMobil-led liquefied natural gas project in the Southern Highlands of Papua New Guinea is the world's largest project finance transaction. We provided a US$350m loan to the project, joining a syndicate of international export credit agencies and commercial lenders to support Australian exporters. Our participation helped Australian exporters pursue and secure supply chain contracts for the construction phase of the project. Escondida Mina Justa Financing the world's largest Copper mine The Escondida mine is the world's largest copper producer, located in Northern Chile. We provided a US$100m loan to the project, which was predicated on substantial Australian involvement in the project. In all, over 80 Australian companies were involved in various stages throughout the project, which saw considerable benefits flow through to Australia. Project finance powering Peru The Mina Justa copper mine in Peru is expected to begin operating in 2020, targeting a production rate of around 100,000 tonnes of copper. As part of an international consortium, we provided a US$50m loan to the project. The construction and production of this mine will include Australian content ensuring a considerable benefit to Australian SMEs. 6#7Our Indo-Pacific infrastructure mandate Additional financing capacity 150% increase in our capital base ■ More capital means we can finance more and larger projects. ■ Our maximum country and counterparty limits on our Commercial Account are increased to approximately $420 million. New overseas infrastructure powers More flexible support for infrastructure ■ A new power to finance overseas infrastructure projects based on a broad 'Australian benefit' test. ■This more flexible mandate enables us to finance a wider range of infrastructure projects in the Indo-Pacific. 7#8Supporting the Government's Defence Export Strategy • · The Defence Export Strategy was launched in early 2018, to help our defence industry achieve greater export success. Export Finance Australia administers the US$3 billion Defence Export Facility. 8#9Australian Infrastructure Financing Facility for the Pacific (AIFFP) The Government has established the $2 billion Australian Infrastructure Financing Facility for the Pacific (AIFFP). This facility will provide up to $1.5 billion of non- concessional loans, supported by Overseas Development Assistance (ODA) grants of up to $500 million, for the development of high priority infrastructure in the Pacific and Timor-Leste. 9#10Support for critical minerals projects T Australian Government NAIF Northern Australia Infrastructure Facility We have a strong record of supporting mining and resources projects in Australia and overseas. Projects which boost Australia's ability to extract and process critical minerals are eligible for support. Export Finance Australia works closely with the Northern Australia Infrastructure Facility (NAIF) to support projects. 10 10#11Supporting other Commonwealth entities In addition to the AIFFP, we provide our expertise and support to other Commonwealth entities as directed by the Minister. Australian Government NAIF Northern Australia Infrastructure Facility The Northern Australia Infrastructure Facility is a lending facility established to provide loans (which may be concessional) to infrastructure projects that benefit northern Australia. Australian Government National Housing Finance and investment C Corperation The National Housing Finance and Investment Corporation improves housing outcomes by making loans, investments and grants to encourage investment in social and affordable housing. Indigenous Entrepreneurs Capital Scheme The Indigenous Entrepreneurs Capital Scheme provides access to private sector capital for Indigenous businesses. 11#12Networking for success Australian Government Austrade Australian Government Business business.gov.au Australian Government Department of Industry, Innovation and Science Industry Growth Centres ech Export Council of Australia • Export Finance Australia partners with a range of government agencies, corporations and alliance partners which are part of the export ecosystem. These partnerships enable us to come together to promote complementary services that drive international business. success. Activities include: • • Cross promotion of services. Joint participation in marketing activities including through our digital channels and events. Improving customer experience through research and development. 12#13COVID-19 • • Export Finance Australia's operations are not materially affected by COVID-19. Our past investment in business continuity planning, cloud technology, systems and ongoing training has enabled our staff to work remotely and support our customers. Our SME and Project and Structured Finance teams are serving new and existing customers with finance on our Commercial Account, including exporters impacted by COVID-19. We are providing further support for exporters through the $500 million COVID-19 Export Capital Facility on the Australian Government's National Interest Account. All of our core support functions, including Finance, Treasury, Legal & Compliance, Information Technology, Human Resources and Corporate Affairs are operating normally. 13#14Funding Government Guarantee Section 62 of the EFIC Act. An explicit and unconditional Commonwealth guarantee. Use of Proceeds General corporate purposes. Debt AAA (negative) rating Repo eligible with the RBA APRA HQLA Level 1 status. Euro Commercial Paper An active issuer - US$3.25 billion and 200 million in 2020 FY. Fixed Rate AUD Bond Maturities A$500m 12/11/2020 A$100m 26/07/2022 A$235m 12/02/2026 Risk A matched/hedged book broadly matching the tenor of assets and liabilities. A$130m 15/12/2028#15When it comes to financing international business success talk to us Australian Government export finance australia 15#16Disclaimer THIS PRESENTATION IS NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, TO PERSONS IN THE UNITED STATES (WITHIN THE MEANING OF REGULATIONS UNDER THE U.S. SECURITIES ACT OF 1933 (AS AMENDED, THE “SECURITIES ACT")). ANY SECURITIES THAT MAY BE OFFERED BY EXPORT FINANCE AUSTRALIA (THE "ISSUER") HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE SECURITIES ACT NOR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER JURISDICTION IN THE UNITED STATES AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES (AS SUCH TERM IS DEFINED IN REGULATIONS UNDER THE SECURITIES ACT) OR SOLD TO, OR FOR THE ACCOUNT OR BENEFIT OF U.S. PERSONS UNLESS THEY ARE REGISTERED UNDER THE SECURITIES ACT, IN A TRANSACTION NOT SUBJECT TO THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, OR PURSUANT TO AN EXEMPTION FROM REGISTRATION. This presentation provides information in summary form only and is not intended to be complete. The information contained herein is not an offer to buy or sell or a solicitation of an offer to buy or sell any security. This presentation may contain information (including information derived from publicly available sources) that has not been independently verified. No action has been taken to permit the public distribution of this presentation in any jurisdiction. The presentation should not be distributed to any person or entity in any jurisdiction or country where such distribution would be contrary to applicable law. Any securities that may be offered by the Issuer will be offered under different documentation and only as an offer in, or into, Australia that would not require disclosure to investors under Part 6D.2 or 7.9 of the Corporations Act 2001 of Australia ("Corporations Act") and elsewhere in such circumstances as may be permitted by applicable law. This presentation has not been lodged with the Australian Securities and Investments Commission or any other authority. It is intended for distribution only to financial institutions and professional investors in Australia whose ordinary business includes the buying or selling of securities in circumstances where disclosure is not required under Part 6D.2 or 7.9 of the Corporations Act and it must not be given, and is not intended to be given, to any "retail client" within the meaning of section 761G of the Corporations Act. To the maximum extent permitted by law, the Issuer and its directors, officers, employees, agents or advisors do not accept any liability for any errors, omissions or loss (including because of negligence or otherwise) arising, directly or indirectly, from any use of this presentation or information contained in this presentation. By the receipt of this presentation, each recipient acknowledges and represents to the Issuer that the recipient has read, understood and accepted the terms of this disclaimer and agrees to be bound by the foregoing. The information contained in this presentation is provided as at the date of this presentation and is subject to change without notice. 16