Investor Presentaiton

Financial headlines FY21 Reported Total income: $23.1 billion, -11.6% EBITDA: $7.6 billion, -14.2% EBITDA lease adjusted²: $7.4 billion, -11.5% FY21 Guidance basis1 Underlying EBITDA³: $6.7 billion, -9.7% 1H21 $3.3 billion, 2H21 to $3.4 billion In-year nbn headwind³: ~$650 million (LTD ~$3.2 billion) Estimated COVID impact4: ~$380 million (FY20 ~$200 million) Underlying EBITDA decline ex in-year nbn headwind³: ~$70 million NPAT: $1.9 billion, +3.4% EPS: 15.6 cents, +2.0% Total dividend: 16 cps5 (consistent pcp) Capex³: $3.0 billion, -6.6% FCF³: $3.8 billion, +11.6% T 1.This guidance assumed no impairments in and to investments or non-current tangible and intangible assets, and excluded any proceeds on the sale of businesses, mergers and acquisitions and purchase of spectrum, and excluded the impacts of Pitt St exchange sale and leaseback. The guidance was based on management best estimates of nbn impacts including input from the nbn Corporate Plan currently published at time of issue of this guidance. Refer to Full year results and operations review - guidance vs reported results reconciliation (set out in our ASX announcement titled "Financial results for the full year ended 30 June 2021" lodged with the ASX on 12 August 2021). 2. 'Reported lease adjusted' includes all mobile handset leases as operating expenses, and all rent/other leases below EBITDA. 3. Refer to definition in the Glossary. 4.COVID impact in FY21 includes estimates across international roaming declines, delayed cost out, customer support and deferred NAS professional services. 5.Total dividend of 16 cents per share fully franked comprising total ordinary dividend of 10 cents per share and total special dividend of 6 cents per share. Page 2 Copyright TelstraⒸ Telstra September 2021 Debt Investor Presentation

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