Investor Presentaiton

SUMMARY AND OUTLOOK Yield plus Growth based on Quality Yield HY 2013 distribution of 5.50cps, paid 13 September 2013 Yield of 6.7%¹ Distributions covered by operating cashflows at both standalone and lookthrough levels Target standalone payout ratio to 2015 of 80% Growth FY 2013 Distribution guidance reaffirmed at 11.0 cps, 4.8% growth on FY 2012 Distribution growth guidance maintained at 3-5% p.a. for 2014-2015 7-8% p.a. RAB CAGR expected across the 5 year regulatory periods to 2015 Strong organic investment opportunity at 1x RAB Quality No regulatory resets until 2015/16 Investment grade credit ratings at Asset Company and Spark levels No Asset Company long term debt maturities until September 2014 Prudent asset level gearing, moving towards 75% Net Debt/RAB by 2015 Minimal gearing at Spark level 1. Based on FY 2013 distribution guidance of 11.0cps and a closing market price of $1.64 on Friday, 15 November 2013 SPARK INFRASTRUCTURE INVESTOR PRESENTATION - NOVEMBER 2013 32 sparkinfrastructure

View entire presentation