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Investor Presentaiton

INFRASTRUCTURE FOR THE FUTURE TRANSMISSION INVESTMENT IS A PREREQUISITE Substantial and sequential investment in the transmission network is required to deliver energy security and reliability, support proposed generation connections, unlock renewable energy resources and reduce total system costs to customers AEMO Far North QLD REZ Forsyth Indicative timing 2020 2021-22 NSW 2020 Integrated System Plan July 2020 For the National Electricity Market SA System Strength Remediation Mid North SA REZ Longreach Town de QNI Proserpine Mackay Medium & Large Central-West Orana REZ Transmission Link Classification Project SA System Strength Remediation 88 Committed QNI Minor 2021-22 Gladstone Grid Reinforcement Western Victoria Transmission Network Project 2025-26 VNI Minor 2022-23 Bockhampton adtone Project EnergyConnect 2024-25 Bundaberg Central to Southern QLD HumeLink 2025-26 Central-West Orana REZ Mid-2020s Transmission Link Actionable¹ ● Brisbane VNI West² 2027-28 QNI Minor Armidale New England REZ Dubbo Newcastle Reinforcing Sydney Sydney, Newcastle & Wollongong Supply Wollongong Canberra Hume Link Preparatory Activities VNI Minor Melbourne Network investments expected to deliver $11 billion in net benefits to the National Electricity Market (NEM) Port Lincoln Adelaide Project EnergyConnect VNI West South East SA REZ More than $19bn (1) of Network Investment required by 2040 Mount Gadder • Around $13bn (1) associated with NSW and TransGrid opportunities (1) AEMO's Modelled Cost of Projects 2020 ISP Spark Infrastructure I Investor Presentation | August 2020 Western Victoria Transmission Network Project Queenstown Launceston Hobart Marinus Link Marinus Link² - Cable 1 -Cable 2 QNI Medium & Large 2028-29 to 2031-32 2031-32 to 2035-36 2030s Early-2030s 2026-27 to 2032-33 Required Central to Southern QLD Reinforcing Sydney, Newcastle and Wollongong Supply Gladstone Grid Reinforcement New England REZ Network Expansion³ 2030s 2030s North West NSW Network Expansion 2030s Far North QLD REZ 2030s South East SA REZ 2030s Future ISP Projects Mid North SA REZ 2030s 1 Estimate practical completion including any subsequent testing projects may be delivered earlier 2 Decision rules may affect timing 3 May be accelerated by government initiatives 4 Not shown on map. AEMO requires that preliminary engineering designs be completed by 30 June 2021 2040 • DEPARTMENT OF PLANNING, INDUSTRY & ENVIRONMENT NSW Electricity Strategy Our plan for a reliable, affordable and sustainable electricity system energy.nsw.gov.au Drives $8bn of private investment Creates > 1,200 jobs Reduces electricity bills by $40 per year NSW Government will seek to legislate the requirement for ISP priority projects to proceed Projects can proceed ahead of RIT-T NSW Electricity Strategy includes a pilot 3 GW REZ 28
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