Investor Presentaiton

INFRASTRUCTURE FOR THE FUTURE UNDERLYING LOOK-THROUGH NET OPERATING CASH FLOW (NOCF) FY 2020 FY 2019 870.3 ( 176.3) (312.4) ( 13.1) ( 10.3 ) (37.9) 368.5 EBITDA less: Net finance charges (cash) less: Net regulatory depreciation less CPI uplift Non cash/net working capital movements Investment portfolio operating cash flow Bomen Solar Farm and other Spark net costs Tax paid 379.3 320.3 233.5 253.6 SKI look-through net operating cash flow Distributions are fully covered by underlying look-through net operating cash flow by 1.4X (1) EBITDA excludes customer contributions and gifted assets and includes 'true-up' of DUOS/TUOS to revenue cap (2) Net regulatory depreciation less CPI uplift is calculated based on actual/estimated inflation (refer to slides 55-57) Spark Infrastructure I Investor Presentation | February 2021 SKI distributions to Securityholders SKI look-through net operating cash flow SKI distributions to Securityholders 54

View entire presentation