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Investor Presentaiton

Energy reliability under Australia's 2030 renewable energy target is unlikely to be achieved without gas 100% 4% 80% 67% 60% 40% 20% 29% NEM excluding SA(1) 35% 38% 18% Firming generation required 2% 15% 31% 4% 82% 41% 35% Western Australia(2) UK(3) Future Australian Energy Market Note: % of generation output, by fuel source. Percentages may not total 100 due to rounding. (1) AER State of the Energy Market 2022; 2021 data. Eastern Australia includes Queensland, New South Wales (including the Australian Capital Territory), Victoria and Tasmania (excludes South Australia). (2) OpenNEM; 2022 data (3) Statistical Review of World Energy 2023; 2022 data. apa Australian Government Renewable Energy Target 2030 Gas Coal Nuclear Other Renewables APA FY23 Results Investor Presentation 37
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