Transurban Group Strategy Overview

CONSTRUCTION REVENUE AND COSTS • Definition Revenue for/costs relating to the construction of service concession assets ⚫ The construction of service concession assets is managed by Transurban, however the Group does not own the assets (as they must be handed over to the Government in future) • Instead, Transurban receives the right to collect revenue from the operation of the asset. This is why the motorways are recognised as intangible assets and not property, plant and equipment • • Recognition Revenue is recognised in line with the progress of construction services provided over time and by reference to costs incurred to date •The amount recognised each year is dependent on the number of development projects being undertaken and the level of construction activity Construction revenue and costs recognised at $0 margin (offset in P&L) TRANSURBAN OVERVIEW | AS AT 30 JUNE 2021 Transurban 28

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