Investor Presentaiton

Diversified business model Characteristics of Energy Infrastructure (El) revenue: • Solid risk management processes in place Manage counterparty risks by: Diversification of customers and industry exposures -88% Take or pay/ regulated FY23 Energy Infrastructure by Revenue Type Capacity charge revenue ⚫ Regulated revenue ⚫ Contracted fixed revenue Throughput charge & other variable revenue ⚫ Flexible short-term services • Other Assessment of counterparty creditworthiness Entering into stable contracted revenue to support major capital spend 77% 8% 10% pe de de de de de 3% 1% 1% FY23 Energy Infrastructure Revenue by Counterparty Credit Rating 1 ● A-rated or better 44% ~85% investment grade BBB to BBB+ rated Investment grade 34% 7% ● Not rated 10% ● Sub-investment grade 5% FY23 Energy Infrastructure Revenue by Customer Industry Segment ● Energy 46% Diverse source of revenue ⚫ Utility ⚫ Resources 25% 25% ●Industrial & other 4% APA FY23 Results Investor Presentation 59 1. An investment grade credit rating from either S&P (BBB- or better) or Moody's (Baa3 or better), or a joint venture with an investment grade average rating across owners. Ratings shown as equivalent to S&P's rating scale. ара

View entire presentation