2021 Investor Presentation

Shareholder highlights Double digit shareholder returns every year since listing Total shareholder return 80% Sustained earnings through that period 60% High free cash flow, high payout ratio, stable ordinary dividend 40% 20% Balance sheet headroom to fund potentially significant future decarbonisation growth 20% 0% 2014 EBITDAF $M 854 838 900 800 729 650 657 666 700 618 585 600 500 400 11 2014 2015 2016 2017 2018 2019 2020 2021 Financial Year ended 30 June Source: Meridian Meridian. 60% 36% 33% 19% 15% 12% 10% 2015 2016 2017 2018 2019 2020 2021 Financial Year ended 30 June Source: Meridian NOVEMBER 2021 2021 INVESTOR PRESENTATION 18

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