Creating Stakeholder Value

Distributions from non-100% entities¹ Timing difference on distributions from non-100% entities Current quarter Airport Motorway Group (M1 Eastern Distributor) NWRG Delayed one quarter Delayed two quarters WestConnex (M8/M5 East) Transurban Chesapeake Transurban Queensland WestConnex (M4) Impacts from timing differences¹ 150 100 107 43 COVID-19 impacts delayed payment of WCX distributions to 1H22 50 24 26 13 1 0 1H17 1H18 1H19 1H20 1H21 1H22 Distributions from non-100% entities determined by Board discretion Distributions received determined by respective Board discretion following consideration of a range of factors including traffic performance, liquidity requirements and macroeconomic conditions Distributions received from non-100% owned entities may be paid in the current quarter, delayed by one quarter, or delayed by two quarters, depending on the entity. For these entities: ―timing of distributions received can be different to when those distributions were earned and is largely driven by funding document requirements which will differ asset to asset - for example, NWRG's distribution is received by Transurban a quarter in arrears. This means NWRG's distribution is determined by business performance in the prior quarter, in addition to other Board considerations Eastern Distributor cash tax Eastern Distributor fully utilised available tax losses in FY21. Transition to paying cash tax will affect future distributions from Eastern Distributor, all else being equal 1. Differences in timing of distribution payments from non-100% owned assets may also include, but not limited to, the release of cash held in reserves or cash maintained for liquidity purposes in conjunction with regular timing differences due to payment in arrears. Transurban 22

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