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Investor Presentaiton

INFRASTRUCTURE FOR THE FUTURE TRANSGRID OPPORTUNITIES From mid-2020 under the National Electricity Rules there is a requirement to progress the regulatory process and preparatory work for actionable ISP projects TransGrid Network Opportunities 2018-2023 capex allowance AEMO ISP 2020 Delivery Modelled Cost Target(1) $1.2bn N/A Bulli Creek Mudgeeraba Committed QNI Minor Actionable (2)$0.2bn 2021-22 QNI upgrade and New England Energy Zone VNI Minor (3)$0.1bn 2022-23 Project EnergyConnect (3)$2.0bn 2024-25 HumeLink (3)$2.1bn 2025-26 Central-West Orana REZ Transmission Link $0.7bn 2024-25 VNI West (Kerang Route) (4) (3)$2.4bn 2027-28 Total $7.3bn Preparatory Activities Required QNI Medium & Large $3.3bn 2032-33 to 2035-36 Red Cliffs New England REZ Network Expansion (5)$1.3bn 2030s North West NSW Network Expansion (6)$0.9bn 2030s Total Total ISP Modelled Projects $5.4bn $12.9bn Central West Energy Zone Project EnergyConnect and South West Energy Zone Options being assessed (RIT-T) SnowyLink South Wodonga Dederang Area with generator connection interest NSW Government energy zone Existing transmission infrastructure NSW transmission developments (ISP) New transmission developments (Energy Zones) HumeLink Sydney NSW Map Source: TransGrid, Transmission Annual Planning Report 2019 (1) AEMO 2020 ISP (2) Contingent Project Application (CPA) Approved 28 April 2020 (3) RIT-T process underway (4) Actionable with decision rules (5) Includes combined costs for Stage 1 & 2 (6) Includes combined costs for Stage 1,2 & 3 Spark Infrastructure | Investor Presentation I August 2020 29 29
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