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Investor Presentaiton

Ausgrid revenue streams Ausgrid has four distinct revenue streams which align to the regulatory framework: SCS, ACS, unregulated services and the ring-fenced PLUS ES business Direct Control Services Ausgrid NSP Ring-fencing regulation 1. • SCS 88% of revenue revenue cap regulation Network services (transmission and distribution of electricity to customers through Ausgrid's 'poles and wires' network) Augmentation of the network Type 7 metering services ACS 6% of revenue price cap regulation Type 5-6 metering provision, reading, data services, transfer administration services and unrecovered meter costs ANS (mostly facilitating new connections, disconnections and reconnections to the network) Public lighting (managing street lights on behalf of councils, community groups and government associations) REGULATED - 94% of revenue • Unregulated market price Facility access (licencing the use of Ausgrid pole space, fibre and duct by telecommunication carriers, IoT service providers, councils and government agencies as well as modular data centres) Property rental (leasing out spare floor space in Ausgrid property) PLUS ES1 market price Type 1-4 metering services (meter installation and maintenance, metering data services provided to electricity retailers, C&I businesses and embedded network operators) Telecommunication infrastructure services (design and construction of mobile small cells and connecting fibre on power infrastructure for major telecommunication companies) Electrical infrastructure services under development (design, construction and maintenance of high voltage infrastructure, calibration and testing of high voltage assets for C&l businesses, state governments and power network businesses UNREGULATED -6% of revenue PLUS ES was founded by integrating Ausgrid's existing metering business with the AGL digital metering subsidiary acquired by Ausgrid in November 2017 Note: Revenue breakdown is based on the financial results for FY19 Ausgrid 13
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