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Investor Presentaiton

Underlying EBITDA growth Underlying EBITDA - halves $m 4000 3500 3000 1H21 2H21 1H22 2H22 Underlying EBITDA - full year $m 9000 FY23 guidance¹: $7.8-8.0b T25 ambition²: mid-single digit CAGR FY21-25 8000 7000 6000 FY21 FY22 FY23 Guidance FY25 Ambition 1.This guidance excludes material one-offs, such as mergers and acquisitions, disposals, impairments, spectrum, restructuring costs and such other items as determined by the Board and management. Refer to slide "FY23 guidance". 2.Telstra's financial ambitions for its Underlying EBITDA and FY25 outcomes are not guidance and there are greater risks and uncertainties in connection with these ambitions. Page 6 Copyright Telstra Confidential T Telstra August 2022 Debt Investor Presentation
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