Investor Presentaiton

Emissions Reduction Plan ☐ Requires additional emissions reductions in 2022-2025 Targets transport and energy emissions Is supported by $2.9B of funding from the Government's Climate Emergency Fund With $1.2B earmarked for transport, $0.7B in funding for industrial decarbonisation Average annual emissions Mt CO2-e 100 ■Agriculture □ Non agriculture Total Emissions Reduction Plan 90 79.5 79.5 80 72.5 70 61.0 60 41.3 41.3 32.7 48.0 50 22.8 40 11.4 30 20 38.2 38.2 39.9 38.2 36.6 10 O 2014-17 2018-21 2022-25 2026-30 2031-35 Source: Stats NZ, Aotearoa New Zealand's First Emissions Reduction Plan Meridian. 2 MAY 2023 2023 MACQUARIE CONFERENCE PRESENTATION | 6

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