Creating Stakeholder Value

Funding the growth pipeline. Estimated capital expenditure on projects under development or delivery 1H22-2H22 FY23" FY24 - FY25 - FY26- M4-M5 Link (WCX Stage 3A) Sources and uses of capital4 Capex profile expected to broadly align with timing of Capital Releases over the near-term Limited near-term capex requirements as project spend is spread over time. Balance sheet capacity to fund near-term commitments West Gate Tunnel Project 95 Express Lanes Fredericksburg Extension Project¹ 495 Express Lanes Sources $B Uses $B Northern Extension Project (NEXT) Transurban estimated annual capital contribution Corporate liquidity at 31 December 2021 net of 1H22 distribution payment 3.4 Projects under development or delivery -4.5-5 $0.5B $0.7B $1.4B $1.2B $0.5B $0.1B Maryland Express Lanes (Phase 1)² Expected Capital Releases (FY22-25) Total estimated sources of capital 2.3 5.7 Total estimated uses of capital -4.5-5 M7 Widening & M7/M12 Interchange³ Near-term growth profile balanced across well-progressed greenfield projects and enhancement opportunities City-shaping projects such as WestConnex and West Gate Tunnel Project are progressing well, reducing construction risks Growth pipeline spread across a mix of greenfield and brownfield opportunities, with near-term enhancement opportunities offering the potential for more stable and disciplined growth. Opportunities include M7 staged widening and M7/M12 interchange, and the Gateway and Logan Motorway Widening 1. Represents Transurban's projected capital contribution based on final project costings, excluding payments totaling USD140 million to VDOT in lieu of forecasted toll revenue sharing arrangements. 2. Accelerate Maryland Partners LLC, of which Transurban holds 60% ownership, has been selected as the developer of the Phase 1 of the Maryland Express Lanes Project. 3. Subject to reaching agreement on terms and financial close. Project scope and timing subject to change. 4. Figures are as at 31 December 2021 with latest estimates of committed capex and projects under development. Transurban 21

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