1H24 Financial Results

Construction Sector remains challenged, growth directed to well-performing counterparties and sub-sectors 12.5 • Growth directed to sub-sectors less exposed to high risk, fixed price contracts. 11.8 11.8 • • For the half year to December 2023, Non-Building Construction, Civils, Installation Trade Services and Other Construction Services represented more than half of the sector growth, in line with portfolio weighting of 58%. Low dwelling approvals and commencements point to a constrained longer-term outlook. • Industry surveys suggest building material cost inflation is easing. Labour shortages remain an issue across specific skilled trades. • Loss making fixed price dwelling contracts are increasingly being worked through, with many operators returning to profitability. Group exposure Dec 22 Jun 23 Dec 23 5.9 6.4 6.3 5.5 5.8 4.0 3.6 3.9 3.4 0.9 0.8 0.9 TCE ($bn) % of Group TCE % of portfolio investment grade % of portfolio % of provisions graded TIA to TCE Sector • Performance in Non-Building Construction and Civils has been stable, and pipelines remain robust. Building Structural & Building Completion Non- Building Construction Services Construction 11% 31% WA 12% Profile Geography Other Aus & NZ Overseas 11% 5% NSW 35% Security Unsecured 20% 12% Site Preparation Services 14% Partially Secured Fully Secured 55% Other 25% Installation Construction Trade Services Services 17% 15% VIC QLD 20% SA 12% 5% 109

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