Investor Presentaiton

NSW economic overview Sydney is the capital city of NSW, the driving force of economic growth across Australia Key highlights 1 Australia has experienced 28 consecutive years of positive economic growth 2 3 NSW is the largest economy and most populous state in Australia, representing 32% of the total Australian population and over 5 million people residing in Greater Sydney The NSW economy represented a third of Australia's GDP for the year ended 30 June 2019 The 2019-20 NSW State Budget provides for an infrastructure related capital spend of A$93bn over four years to 2022-23 5 NSW has three major electricity distribution networks: Ausgrid, Endeavour Energy and Essential Energy Ausgrid 8

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