Investor Presentaiton

Operational Excellence A solid FY23 financial result as we continue to invest to support Australia's energy transition 3000 --- Solid growth in EBITDA and distributions Segment Revenue¹ +5.1% to $2,353m Driven by a solid Energy Infrastructure performance and inflation Underlying EBITDA² +2.0% to $1,725m Up 3.5% excluding Orbost, which was divested during the period Cost growth reflects the investments to support growth initiatives and business resilience Free Cash Flow (FCF)³ -1.0% to $1,070m Impacted by higher stay-in-business capex Capital Investment $1.2bn total investment Included $845m of organic growth capex and $110m to complete Basslink acquisition4 Balance Sheet 10.6% FFO/Net Debt Used cash and debt to fund growth projects and Basslink in FY23 DPS5 +3.8% to 55.0cps Consistent with guidance, payout ratio of 60.6% Northern Goldfields Interconnect 1. Segment Revenue excluding pass-through. Pass-through revenue is offset by pass-through expenses within EBITDA. Any management fee earned for the provision of these services is recognised within total revenue. Reported increase is against FY22. 2. Underlying earnings before interest, tax, depreciation, and amortisation ("EBITDA") excludes recurring items arising from other activities, transactions that are not directly attributable to the performance of APA Group's business operations and significant items. Reported increase is against FY22. 3. Free Cash Flow is Operating Cash Flow adjusted for strategically significant transformation projects, less stay-in-business (SIB) capex. SIB capex includes operational assets lifecycle replacement costs and technology lifecycle costs. Reported decrease is against FY22. 4. Total consideration for the acquisition of Basslink was $758m excluding cash balances acquired of $25m Distribution per security 5. DPS apa APA FY23 Results Investor Presentation 17

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