Investor Presentaiton

Transformation program The Transformation Program is a comprehensive program to deliver first quartile cost efficiencies while improving customer and safety outcomes & Objectives Progress • • • • • . • Change the legacy ways of working and thinking across Ausgrid to unleash the potential of the workforce and empower within parameters of controlled risk Right size the workforce and shape the organisation to be a flatter organisation with the frontline closer to the CEO Pursue cost efficiencies across all non-labour categories balanced with the sustainability procurement objectives including total cost of ownership, environmental, social and government factors Embed a culture of continuous improvement where cost efficiencies can be delivered sustainably and consistent with an end-to-end value chain perspective New EA in place supporting a performance-based culture The Transformation Program has already reduced SCS opex by $148 million and there is a plan to deliver another $56 million by FY24 Progressive reduction in operating expenditure since FY15 In FY20 Ausgrid's Transformation Program will result in a further reduction of 360 FTE Transformation implementation well under way New customer centric organisational structure in place . Outcomes Savings have been agreed and targets 'locked in' to budgets • The Transformation Program will be phased to consciously balance workforce reductions with employee engagement and technology implementation 19 Ausgrid

View entire presentation