Investor Presentaiton

COVID-19 impact and management response Ausgrid moved early to address the onset of the COVID-19 pandemic, with the activation of its internal Incident Management and Crisis Teams in early January to implement Ausgrid's Pandemic Response Plan Moody's and S&P have recently affirmed Ausgrid's credit ratings of Baa1 (Stable) and BBB (Stable) • Shareholder support for Ausgrid evidenced by decision to reinvest dividends for FY20, FY21 and FY22 Strong liquidity position of $614 million as at 30 June 2020 • Ausgrid's people and the public have been our number one priority during COVID-19 Significant proportion of workforce shifted to working from home arrangements • On-line employee development activities implemented to ensure continuation of mandatory training and compliance activity People Sharpened focus on business transformation to deliver long term operating and financial benefits Deploying operational levers to reduce cost base Accelerated transformation program Costs Capital management & funding Revenue & demand • FY20 regulated revenue impacted due to reduced non-residential energy consumption Ausgrid's regulated revenues are insulated from volume risk under the revenue cap regulatory regime Better Ausgrid Together Response to COVID-19 Sustainability Operations • Crisis management and emergency response protocols deployed Customer centric focus: bill relief for households and small businesses enduring hardship deferral of non-essential maintenance to reduce disruption First Sustainability Report published during COVID-19 • Dedicated to environmental protection and execution of our environmental programs Climate change activities relating to emissions reduction, bushfire season preparations and managing storm events have continued during this period Ausgrid Together Better 20 20

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