Investor Presentaiton

2021 INVESTOR DAY Funding update With resilient Free Cash Flow, Aurizon's credit profile is strong and debt markets remain supportive EFFECTIVE RAISINGS EXTENDED MATURITY PROFILE1 IMPROVED METRICS > Network: Issued 10-year, $500m A$ Medium Term Note (AMTN) in Sep 2020, with 2.9% coupon > Aurizon Operations: Issued debut 7-year, $500m AMTN in March 2021 with 3.0% coupon › Bank debt: No maturities until FY23 with $1.5bn in available liquidity as at 31 May 2021 1. As at 31 May 2021 2. Calculated on drawn debt, excluding working capital facility 3. S&P/Moody's 500 50 75 50 150 290 300 778 711 AURIZON. CURRENT 1HFY20 Weighted average maturity (years)2 4.5 4.0 Group interest cost on 4.3% 4.5% drawn debt Operations & Network BBB+/ BBB+/ 500 500 Credit Ratings³ Baa1 Baa1 460 425 FY22 FY23 FY24 FY25 FY26 FY27 82 FY28 FY29 FY30 FY31 INTEREST RATES > 89% fixed to end FY2021 and 86% for FY2022-23, floating beyond FY2023 to align with Network WACC reset > Interest costs expected to trend lower consistent with hedging profile Operations: Undrawn Bank Debt Network: Undrawn Bank Debt Operations: Drawn Bank Debt Network: Drawn Bank Debt Network: EMTN Operations: AMTN Network: AMTN 35

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