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Investor Presentaiton

* Utilities 萁 Underperformance continued into 2H Full year result materially impacted by: Power maintenance contract (8 Dec ASX release) Australian Water projects NZ renewable wind farm project Telco continued strong performance from 1H Power maintenance contract update: 1 April commercial reset - remediation initiatives underway Contract expected to be loss making in 1H24 Discussions with customer on second phase commercial and operational amendments underway Utilities leadership team reset complete with high- calibre executives recruited to drive business turnaround Bidding activity in-line with new risk appetite parameters and focus on improving bid margins/win rates 18% of FY23 revenue 29% 41% Revenue of $2.3bn (11.2% on FY22) 30% powner Downer ■Power & Gas ■ Water ■ Telco Downer FY23 Results | 7
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