Transurban Group Strategy Overview

GLOSSARY Transurban TERM 95 395 DEFINITION 95 Express Lanes 395 Express Lanes TERM FFO 495 495 Express Lanes 1H/2H First or second half of a financial year A25 A25 toll road ABN Australian Business Number ACN ADT AFSL AMTN ARSN ASX ATO Australian Company Number Average Daily Traffic. ADT is calculated by dividing the total number of trips on each asset (transactions on CityLink) by the number of days in the period Australian Financial Services Licence Australian Medium Term Note Australian Registered Scheme Number Australian Securities Exchange Australian Taxation Office FREDEX FREE CASH/FCF AUD Australian Dollars AWE Average Weekly Earnings BAU Business as usual CAD Canadian Dollars CAPITAL RELEASES Capital Releases refer to the injection of debt into Transurban assets as assets mature, optimising balance sheets FX CCT Cross City Tunnel FY CDPQ Caisse de dépôt et placement du Québec GDP CHF Swiss Franc GROUP COVID-19 Coronavirus GWA CPI CPPI CPS D&C Cents per security Consumer Price Index. Refers to Australian CPI unless otherwise stated Canada Pension Plan Investments HCV FFO/DEBT DEFINITION Funds From Operations Based on S&P methodology. FFO is calculated as statutory EBITDA (where EBITDA equals revenue minus operating expenses net of maintenance provision) plus dividends from investments; minus net interest expense, tax paid, and stock compensation expense. Debt is calculated as statutory drawn debt net of cash, foreign currency hedging and other liquid investments. Based on Moody's methodology. FFO is calculated as the sum of: statutory Cashflow from Operations plus movements in net working capital, interest paid on shareholder loan to minorities, transaction and integration costs; and proportional FFO of equity-accounted assets (with FFO calculated as EBITDA adding back maintenance expenditure, less cash maintenance paid, interest paid, and tax paid). Debt is calculated as proportionately consolidated debt, with assets owned greater than 50% grossed up to 100% weighting. FFO/Debt calculation methodology may be subject to adjustments in future periods Fredericksburg Extension project Free Cash is the primary measure used to assess the cash performance of the Group. It represents the cash available for distribution to security holders. Free Cash is calculated as cash flows from operating activities from 100% owned entities (adjusted to include the allowance for maintenance of intangible assets, exclude cash payments for maintenance of intangible assets and exclude transaction and integration costs related to acquisitions), plus Capital Releases from 100% owned entities, less debt amortisation of 100% owned entities, plus returns from non-100% owned entities Foreign Exchange Financial year 1 July to 30 June Gross Domestic Product Transurban Group Greater Washington Area meaning northern Virginia, Washington D.C., areas of Maryland and the surrounding metropolitan area Heavy Commercial Vehicle HOT High Occupancy Toll Design and Construct HOV High Occupancy Vehicle EBITDA Earnings Before Interest, Tax, Depreciation and Amortisation HPFV ED Eastern Distributor HSE EMTN ESG EUR Euro Medium Term Note LCT Environmental, Social and Governance Euros LEP LINKT High Productivity Freight Vehicle Health, Safety and Environment Lane Cove Tunnel Logan Enhancement Project Transurban's retail tolling brand TRANSURBAN OVERVIEW | AS AT 30 JUNE 2021 42

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