$1b Recovery Plan

Cash flow Operating cash flow of $2,670m driven by - Underlying EBITDA profit of $281m • $M FY22 FY21 Operating cash flows 2,670 [386] Investing cash flows (240) (722) - Net free cash flow¹ 2,430 (1,108) Financing cash flows (1,310) [181] • Cash at beginning of year 2,221 3,520 Effects of FX on cash 2 (10) Cash at end of period 3,343 2,221 1. Cash from operating activities less net cash used in investing activities. 2. Revenue Received in Advance. - ― - Favourable net working capital and other movements (predominately RRIA2) of $2,628m Net interest paid of [$239]m Net investing cash flows of ($240)m driven by One-off inflows of $789m relating to the Mascot land sale Restricted gross investing cash outflow to prioritise debt reduction ($1,029)m Financing cash flows of ($1,310)m include - $491m new debt raised since 30 June 2021 — Debt repayments of ($1,441) m of secured and unsecured debt - Net lease principal repayments and other repayments of ($360]m | 12

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