Investor Presentaiton

FY24 Financial priorities ✓ A Continue to strengthen Downer's balance sheet Stabilise Downer's Fitch credit rating (currently BBB negative watch) ✓ Improve consistency of quality of earnings Drive strong cash conversion Deliver $100m cost out for FY25 Build stronger performance culture and Business Performance Management framework Elevate our capital return focus and disciplines Review capital allocation Review business potential & growth Establish portfolio management framework capital priorities parameters 15 Downer Downer D Downer FY23 Results | 17

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