Investor Presentaiton

2019-24 Final Determination - projected RAB The RAB is projected to grow to $17,763 million by 30 June 2024 under the Final Determination ($m, nominal) FY20 FY21 FY22 FY23 FY24 Opening RAB 15,681 16,234 16,693 17,057 17,413 Capex nominal 656 593 528 549 543 Straight line depreciation (483) (528) (569) (607) (615) Indexation 380 394 405 414 422 Closing RAB 16,234 16,693 17,057 17,413 17,763 Closing RAB ($m, nominal) 2.5% CAGR 18,000 16,000 14,000 12,000 10,000 8,000 15,681 16,234 16,693 17,057 17,413 17,763 6,000 4,000 2,000 FY19 FY20 FY21 FY22 FY23 FY24 Ausgrid 35

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