Investor Presentaiton

KEY METRICS SECURITY METRICS Market price at 15 November 2013 Market capitalisation DISTRIBUTIONS HY 2013 Actual Comprising -Loan Note interest -Tax deferred amount FY 2013 Guidance GEARING AND CREDIT RATINGS Net book gearing (Spark standalone)1 Net book gearing (Look through)1 Asset level credit ratings Spark level credit rating REGULATED ASSET BASE (Estimates at June 2013) - $1.64 $2.2 billion SA Power Networks (DUOS) ($bn) 3.58 CitiPower (DUOS) ($bn) 1.54 5.50cps Powercor Australia (DUOS) ($bn) 2.72 3.50cps Citi Power (AMI) ($bn) 0.13 2.00cps Powercor (AMI) ($bn) 0.36 11.00cps Victoria Power Networks total ($bn) 4.75 RAB total ($bn) 8.33 0.2% Net debt/RAB - Asset Companies combined 79.5% Net debt/RAB SA Power Networks 78.1% 56.8% Net debt/RAB - Victoria Power Networks 80.5% SA Power Networks: A-/A3 Powercor: A-/Baa12 CitiPower: A- 1. Excludes reserves 2. Moody's downgraded its credit rating of Powercor on 17 June 2013 Baa1 SPARK INFRASTRUCTURE INVESTOR PRESENTATION - NOVEMBER 2013 35 sparkinfrastructure

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