Transurban Group Strategy Overview

TAX The majority of Transurban's Australian concessions are held via a company and a trust Transurban Transurban Holdings Limited (THL) • • • THL is liable to pay income tax Significant upfront capital expenditure is required to construct or acquire assets. Concession assets are amortised for tax purposes on a straight line basis over 40 years - The amortisation of this capital expenditure can create initial tax losses, offsetting profits derived from more mature projects - Income tax is paid after all eligible tax losses have been utilised to offset accumulated tax profits - Losses prevent the payment of dividends in the early years of a project's life Tolling income is generated by the companies which hold the concession assets Transurban continues to invest significant amounts of capital into the road networks in which it operates Transurban Holdings Trust (THT) • THT operates as a flow-through trust and does not pay income tax itself - Sub-trusts pay distributions to THT which it then distributes to investors - Investors pay tax on distributions from THT based on their respective tax rates - Trusts allow distributions to be made at the beginning of a project's life • Transurban's trust entities earn passive income (e.g. rental income from leasing land to the company generating tolling income) Transurban International Limited (TIL) TIL is liable to pay tax in Australia - TIL is an Australian entity which holds Transurban's US and Canadian businesses - Interest income is treated as assessable income. It is reduced by available Australian debt deductions - Dividends received from US Groups are generally tax exempt in Australia TRANSURBAN OVERVIEW | AS AT 30 JUNE 2021 32

View entire presentation