Singtel OPTUS Priorities for FY24

Low double digit¹ ROIC target in the mid-term FY23 EBIT (Chg) Regional Associates S$2,267M³ (▲ 15%4) Key drivers Capture fixed opportunity Focus on market repair & cost management Accelerate 5G monetisation 22 22 ROIC > WACC SG OpCo² S$1,044M (▲ 4%) ■ Tap into regional loT opportunity ☐ Cost optimisation & digital transformation NCS S$139M (35%) ◉ ROIC < WACC Optus A$287M (▲ 100%5) Negative ROIC Trustwave -S$133M (10%4) ■ Asset yield RDC S$172M6 ◉ Grow international & enterprise business Cost-to-serve optimisation Build on rational market competition & customer gains Win share in under indexed enterprise market Cost management & efficient network deployment Complete strategic review Continued focus on cost efficiencies Drive scalable growth & operating efficiencies Optimise customer mix Pursue capital partnerships FY23 ROIC of 8.3%1 (FY22: 7.3%¹) 1. Excluding Optus goodwill. 4. On constant currency basis. 2. 3. Includes Singapore Consumer & Group Enterprise. PBT. 5. Excluding NBN migration revenue. 6. EBITDA. NO YOY comparative as RDC set up in FY23. Singtel

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