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Brighter Energy for Today and Tomorrow

EnergyAustralia's generation portfolio broadly reflects NEM intensity Largest privately-owned energy portfolio in the NEM by output EnergyAustralia's portfolio carbon intensity of 0.95 compared with NEM of ~0.89 ■ Yallourn's captive coal mine provides a fixed low cost fuel source, contributing to a low-cost generation portfolio ◉ Yallourn is well positioned to benefit from a rising wholesale gas price market, despite the introduction of the carbon tax from 1 July 2012 EnergyAustralia Fuel Mix¹ Wallerawang 18% Mt Piper 25% Yallourn 27% Tallawarra 8% Hallett 4% Ecogen 18% NEM Fuel Mix² 20% 53% 27% Brown Coal Gas Black Coal 1. Excludes wind Source: EnergyAustralia estimates and ACIL Tasman market model data 9 2. Excludes hydro, wind and others Source: EnergyAustralia estimates and ACIL Tasman market model data C EnergyAustralia
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