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Investor Presentaiton

QTC has a conservative approach to risk management Approximately 84 per cent of QTC's counterparty credit exposures are rated AA- or higher. ■ All types of financial risk, including interest rate, foreign exchange and counterparty risk, are managed within QTC's Board approved risk parameters. Enterprise risk management processes are independent to operational activities. ■Risk provisions are in line with industry best practice. ■ Diversified funding instruments and regular issuances are used to mitigate funding risks. A portfolio of diverse, liquid financial securities is held to meet the State's liquidity requirements. ■ Market credit exposure is restricted to dealings with counterparties rated BBB+ or higher. COUNTERPARTY CREDIT EXPOSURES AAA CATEGORY (7.0%) AA CATEGORY (76.9%) A CATEGORY (15.1%) BBB+ CATEGORY (1.0%) As at 30 June 2023. Note: A and AA categories comprised of A+, A, A- and AA+, AA, AA-rated counterparties. Excludes cash held at bank. May not add to 100% due to rounding. QTC 29
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