Investor Presentaiton

EBITDA by product¹ T FY21 CHANGE $m FY22 Mobile $3,297m Fixed - C&SB $139m -84 - Fixed Enterprise $645m 15 Fixed - Active Wholesale $231m -72 $660m $159m 700 $3,997m $55m CHANGE 21.2% Service revenue growth, plan structure, hardware and productivity -60.4% Revenue reduction, growing nbn costs, partly offset by cost out 2.3% NAS growth offset by data & connectivity decline International $336m 51 InfraCo Fixed $1,673m -18 $387m $1,655m -31.2% Ongoing legacy decline partially offset by cost-out 15.2% 0.5% constant currency growth -1.1% nbn commercial works decline offset by disposals Amplitel $300m -6 2 Other $68m -24 Underlying $6,689m 562 $294m $44m $7,251m -2.0% Revenue growth offset by build up of costs as standalone business NM Includes corporate adjustments; Health flat yoy 8.4% Net one-off nbn DA $802m -569 $233m -70.9% Reflects nbn migration timing Restructuring -$211m 140 3 Other guidance adj. Reported lease adjusted 1 $164m $7,444m -321 -188 -$71m -$157m $7,256m 66.4% NM -2.5% Gain on sales in pcp; Towers transaction costs in FY22 1. Mobile and Fixed products include internal infrastructure costs. 'Reported lease adjusted' includes all mobile handset leases as operating expenses in FY21. No adjustment in FY22. 2. Other includes miscellaneous and Telstra Health. 3. Refer to Full year results and operations review - guidance vs reported results reconciliation which details the adjustments made for the current and comparative period to reflect performance on the basis on which we provided guidance to the market for FY22 (set out in our ASX announcement titled "Financial results for the Full year ended 30 June 2022" lodged with the ASX on 11 August 2022). Page 7 Copyright Telstra Telstra August 2022 Debt Investor Presentation

View entire presentation