Investor Presentaiton

Reconciliation of underlying to statutory results 400 Underlying to statutory EBITA ($m) 1,2 300 200 100 0 (100) (200) 323.4 20.8 10.0 (25.4) (6.5) Downer (350.0) Other asset impairments and write-downs Fixed assets and inventory in the Rail business Shut down, relocation and consolidation of asphalt plants in Australia IT and other assets that will no longer be utilised or provide future economic benefit Office space being surplus to requirements and vacated (133.0) (66.6) (227.3) (300) Underlying EBITA Fair value on DSCO Divestment outcomes Portfolio restructure costs Regulatory reviews and shareholder class action related costs Facilities goodwill impairment Utilities Australia goodwill impairment Other asset impairments and write-downs Statutory EBITA (loss) 1 Downer calculates EBITA and NPATA by adjusting EBIT and NPAT to add back acquired intangible assets amortisation expense. Group FY23: $26.2m, $18.4m after-tax. (FY22: $34.8m, $24.4m after-tax) 2 The underlying result is a non-IFRS measure that is used by Management to assess the performance of the business. Non-IFRS measures have not been subject to audit or review. Refer slide 32 for reconciliation to statutory results Downer FY23 Results | 13

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