Investor Presentaiton

Product highlights: Fixed - C&SB has bottomed Fixed - C&SB EBITDA - 2H22 grew sequentially on 1H22 $m 100 80 60 40 20 0 1H21 2H21 Bundles & Data ARPU growth $/mth 80 78 76 74 72 Page 11 FY21 Copyright Telstra +2.4% FY22 1H22 2H22 nbn migration of data SIOs ~99% complete in nbn fixed footprint nbn reseller EBITDA margin 5% in FY22 with target for >8% by FY23 Improvements in experience and productivity from new stack/digitisation Growing 5G Home wireless contribution Bundles & data revenue flat Bundles & Data net adds nbn plan mix 100mpbs+ SIOs/k % Growth from price 0 15% +3pp changes and -20 improved plan mix -40 -75 10% -87 Full year benefits to 9% -60 5% flow through into -80 6% FY23 -100 0% FY21 FY22 FY21 FY22 T Telstra August 2022 Debt Investor Presentation

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