Investor Presentaiton

A solid FY23 result and growth in distributions in line with FY23 guidance Segment Revenue¹ +5.1% to $2,353m Driven by a solid Energy Infrastructure performance and inflation Underlying EBITDA² +2.0% to $1,725m Up 3.5% excluding Orbost; includes investment in capability to support growth ambitions and business resilience Free Cash Flow (FCF)³ -1.0% to $1,070m Impacted by higher stay-in-business capex Balance Sheet FY23 DPS4 10.6% FFO/Net Debt Funded $1.2bn of investment from cash flow and debt 55.0 cps In-line with guidance; up 3.8% on FY22 FY24 DPS guidance5 56.0 cps Up 1.8% on FY23, reflecting desire to accommodate ongoing investment 1. Segment Revenue excluding pass-through. Pass-through revenue is offset by pass-through expenses within EBITDA. Any management fee earned for the provision of these services is recognised within total revenue. Reported increase is against FY22. 2. Underlying earnings before interest, tax, depreciation, and amortisation ("EBITDA") excludes recurring items arising from other activities, transactions that are not directly attributable to the performance of APA Group's business operations and significant items. Reported increase is against FY22. 3. Free Cash Flow is Operating Cash Flow adjusted for strategically significant transformation projects, less stay-in-business (SIB) capex. SIB capex includes operational assets lifecycle replacement costs and technology lifecycle costs. Reported decrease is against FY22. 4. DPS Distribution per security 5. Distribution guidance is subject to asset performance, macroeconomic factors, regulatory changes as well as timing of distributions from non-100% owned assets, with distributions to be determined at the Board's discretion. It does not take into account the impact of any potential acquisitions or divestments by APA and any associated funding arrangements, other than the acquisition of Alinta Energy Pilbara and the associated Placement and Security Purchase Plan announced today. apa APA FY23 Results Investor Presentation 7

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