FY23 Results Presentation

• ventia PPA utilisation in 2024, is expected to be significantly lower than FY23, the remaining balance will reduce in small increments over the next 15 years Unfavourable contracts Provisions used in FY23 $14.1m (FY22 $20.2m) Onerous contracts Provisions used in FY23 $8.6m (FY22 $24.2m) FY23 RESULTS PRESENTATION PPA provisions continue to reduce in line with expectations and robust risk management Unfavourable contracts ($m) 120 Onerous contracts ($m) 70 70 PPA Provision commentary • Provisions continue to roll off as expected, with no increases to onerous or unfavourable 100 80 60 60 40 40 20 20 60 60 50 50 40 40 30 30 20 20 110 0 0 Dec Dec Dec Dec Dec Dec Dec Dec 20 21 22 23 20 21 22 23 27

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