Investor Presentaiton

Product highlights: Infrastructure InfraCo Fixed revenue nbn recurring revenue growth $m -4.4% $m 2500 2000 +3.1% growth in core access revenue for fibre, network sites & ducts 1000 1500 800 Legacy network disposals 1000 500 0 FY21 Core access FY22 CW+Disposals Offset by nbn commercial works (CW) rolling off as nbn rollout nears completion & contracts end 600 InfraCo Fixed EBITDAAL1 $m 2000 1500 1000 500 0 +3.3% FY21 FY22 Amplitel (Towers) revenue growth $m +8.9% -1.8% Flat core access EBITDAAL on additional investment in maintenance and growth opportunities 370 360 350 FY22 Additional long-term growth potential including from major infrastructure investments 340 330 ■CW+Disposals FY21 FY22 FY21 Core access 1. Refer to definition in the Glossary. Page 9 Copyright Telstra T Average contracted period of 25 years CPI indexed Demand including new builds and 5G coverage expansion from Telstra Telstra August 2022 Debt Investor Presentation

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