Investor Presentaiton

Important notice and disclaimer (continued) The distribution of this presentation may be restricted by law in certain jurisdictions. You should take all necessary steps to be informed of such restrictions and you should observe such restrictions. No offer of securities The presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States or in any other jurisdiction and neither this presentation, nor anything contained herein, shall form the basis of any contract or commitment. Securities of the Ausgrid Group and its affiliates have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States. Accordingly, any such securities may not be offered or sold, directly or indirectly, in the United States unless they have been registered under the Securities Act or are offered and sold pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. Forward-looking statements This presentation contains statements that constitute 'forward-looking statements' within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934, as amended (Securities Exchange Act). Examples of these forward-looking statements include, but are not limited to, (i) statements regarding the Ausgrid Group's future results of operations and financial condition, (ii) statements of plans, objectives or goals, and (iii) statements of assumptions underlying those statements. Words such as 'may', 'will', 'expect', 'intend', 'plan', 'estimate', 'anticipate', 'believe', 'continue', 'probability', 'risk' and other similar words are intended to identify forward-looking statements but are not the exclusive means of identifying those statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that such predictions, forecasts, projections and other forward-looking statements will not be achieved. A number of important factors could cause the Ausgrid Group's actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. As such, undue reliance should not be placed on any forward-looking statement. Financial Information All financial information is presented in AUD unless otherwise stated. Investors should note that this presentation contains pro forma financial information, which has been prepared in accordance with the recognition and measurement principles of Australian Accounting Standards (AAS) and International Financial Reporting Standards (IFRS). The pro forma historical financial information included in this presentation does not purport to be in compliance with Article 11 of Regulation S-X of the rules and regulations of the U.S. Securities and Exchange Commission. The Ausgrid Group's results are recorded under AAS and IFRS. This presentation contains certain financial data that are 'non-GAAP financial measures' under Regulation G under the Securities Exchange Act and that are non-AAS and non-IFRS financial measures. Such measures include EBITDA, net debt, cash flow available for debt service (CFADS), regulatory asset base (RAB) and capital expenditure. The Ausgrid Group believes that these 'non-GAAP financial measures' provide a useful means through which to examine the underlying performance of the business. These measures, however, should not be considered to be an indication of, or alternative to, corresponding measures of net profit determined in accordance with AAS or IFRS. In addition, such measures may not be comparable to similar measures presented by other companies. Credit rating This Presentation includes credit ratings. A credit rating is not a recommendation to buy, sell or hold any securities and may be changed at any time by the applicable credit ratings agency. Each credit rating should be evaluated independently of any other credit rating. Credit ratings are for distribution only to a person (a) who is not a 'retail client' within the meaning of section 761G of the Corporations Act 2001 (Cth) and is also a sophisticated investor, professional investor or other investor in respect of whom disclosure is not required under Part 6D.2 or 7.9 of the Corporations Act, and (b) who is otherwise permitted to receive credit ratings in accordance with applicable law in any jurisdiction in which the person may be located. Anyone who is not such a person is not entitled to receive this presentation and anyone who receives this presentation must not distribute it to any person who is not entitled to receive it. © Copyright Ausgrid Finance Pty Limited (ABN 14 615 343 005). All rights reserved. No part of this presentation may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the written permission of the Borrower. 3 Ausgrid

View entire presentation