NOVEMBER 2022 INVESTOR ROADSHOW PRESENTATION

Policy and regulation Emissions Reduction Plan Released in May 2022, it sets out how NZ will meet its first emissions budget for 2022-2025 Requires additional emissions reductions of 4% Plan targets transport and energy emissions Supported by $2.9B of funding from the Government's Climate Emergency Fund $1.2B earmarked for transport, including increased access to low and zero emissions vehicles ■ $0.7B in funding for industrial decarbonisation Average annual emissions Mt CO2-e Emissions Reduction Plan 100 79.5 79.5 80 72.5 61.0 48.0 60 40 20 O 2014-17 2018-21 2022-25 2026-30 2031-35 Source: Stats NZ, Aotearoa New Zealand's First Emissions Reduction Plan Meridian. NOVEMBER 2022 INVESTOR ROADSHOW PRESENTATION 10

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