Investor Presentaiton

Balance sheet has internally funded significant growth whilst maintaining investment grade credit ratings Solid balance sheet FY24 to FY26 pipeline of capex opportunities >$1.4b(3) FY23 FY22 Net debt $10.7b $10.2b Average cost of debt(1) 4.4% 4.4% Average duration of debt 5.7yrs 6.7yrs FFO/Net debt(2) FFO/Interest (times) 10.6% 11.1% $288m $284m 3.3x 3.6x • No material debt refinancing obligations until FY25 • Drawn debt is 100% hedged/fixed • BBB/Baa2 ratings with stable outlook . Liquidity of $2.1bn (cash and undrawn liquidity facilities), with ~$1.6bn required to meet our Treasury Liquidity Risk policy $845m Organic growth pipeline includes: East Coast Gas Grid expansion Stage 2 • $523m Kurri Kurri Lateral • >$1.4b(3) Beetaloo Basin energy • FY20 FY21 FY22 FY23 FY24-FY26 infrastructure Arafura Nolans Rare Earth Project energy supply Gabanintha Pipeline 1. 2. 3. The average interest rate is now calculated using period end FX and hedged rates to better reflect actual debt outstanding at period end (comparative year has also been restated). Based on the previous methodology, average interest was 4.59% in FY22. The credit metric ratios are now calculated to be more closely aligned with credit rating agency methodology (comparatives have also been restarted). Based on the previous methodology, FFO/Net debt was 11.5% for the 12 months to 30 June 2022. FFO/Interest is unchanged at 3.6 times for the 12 months to 30 June 2022. Estimated aggregate organic growth capital expenditure pipeline for FY24 to FY26 reflects management's current expectations based on project design and is subject to change up to final investment decision and agreement on definitive documents. Actual expenditure in each year will depend on project commitments and timing, and may differ from estimates as a result of increased costs, delays or other factors. apa APA FY23 Results Investor Presentation 33

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