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Appendix 4E and 2021 Annual Report

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Appendix 4E and 2021 Annual Report ASX Announcement 12 May 2021 Results for Announcement to the Market AusNet Services Full Year 2021 Results The following documents are attached: 1. ASX Appendix 4E – Year ended 31 March 2021 2. AusNet Services Ltd 2021 Annual Report Naomi Kelly Company Secretary This announcement was authorised for release by the Board of AusNet Services Ltd. Investor Relations Enquiries Media Enquiries John Nicolopoulos Adrian Hill Head of Tax & Investor Relations Acting Executive General Manager +61 3 9695 6301 or +61 409 672 912 Regulation and External Affairs + 61 3 9483 0989 12 May 2021 AusNet Services Ltd ABN: 45 603 317 559 Appendix 4E Year ended 31 March 2021 Results for announcement to the market for the year ended 31 March 2021 31 March 31 March % Up / 2021 2020 change down Revenue from ordinary activities ($M) 1,924.5 1,977.6 2.7 down Net profit from ordinary activities after tax attributable to 302.1 290.7 3.9 up shareholders ($M) Net profit for the year attributable to shareholders ($M) 302.1 290.7 3.9 up Net tangible assets per share (cents) 77 cents 66 cents Dividends for the year ended 31 March 2021 Final FY2021 Interim Total Final Interim Total Cents per FY2021 FY2021 FY2020 FY2020 FY2020 share Cents per Cents Cents per Cents per Cents share per share share per share share Franked 1.90 1.90 3.80 2.55 2.55 5.10 Unfranked 2.85 2.85 5.70 2.55 2.55 5.10 Total 4.75 4.75 9.50 5.10 5.10 10.20 Record date 21 May 2021 17 November 21 May 2020 19 Nov 2019 2020 Payment date 24 June 2021 17 December 25 June 2020 19 Dec 2019 2020 Refer to the Directors’ report within the attached Financial Report for explanation of revenues, profits after income tax and dividends. Dividend Reinvestment Plan The AusNet Services Ltd DRP is in operation for the FY2021 final dividend. Eligible shareholders participating in the DRP for the FY2021 final dividend will be issued with AusNet Services shares at the average trading price (2% discount applies). The average trading price will be the average of the volume weighted average price of shares in AusNet Services Ltd sold in ordinary market transactions on the ASX during the 10 trading days from 25 May 2021 to 7 June 2021 (inclusive). The deadline for the receipt of elections for participation in the DRP for the FY2021 final dividend is 5.00pm (Australian Eastern Standard Time) on 24 May 2021. Participation is subject to the DRP Rules - available at www.ausnetservices.com.au (> Investor Centre > Shares and Investors > Dividend Reinvestment Plan). Annual Report 2021 Connecting communities Our company reports include: — Corporate Governance Statement — Infrastructure Entity Statement — Modern Slavery Statement — Task Force on Climate-related Financial Disclosures Report — Tax Transparency Report All reports are available on our website: ausnetservices.com.au/ company-reports Electricity Contents transmission About us 2 Our transmission network transports electricity from where The energy supply chain 6 it is generated, through terminal stations and high-voltage Our highlights 8 powerlines across the state, to 2020/21 operating environment 10 Victoria’s five lower-voltage distribution networks. Chair and Managing Director’s message 12 Sustainability 14 Electricity distribution Governance 16 Our electricity distribution network feeds Health and safety 18 lower-voltage electricity to customers across all of eastern and north-eastern Customers 22 Victoria and in Melbourne’s north and east. Community and social responsibility 26 People 30 Environment 34 Growth and innovation 38 Our Executive Leadership Team 42 Financial report 45 Gas distribution Directors’ Report 46 Our gas distribution network Directors’ declaration 143 supplies natural gas to residential and business Lead Auditor’s independence customers in western Melbourne, declaration 144 central and western Victoria, Independent auditor’s report 145 through our network of underground gas pipelines. Glossary of terms 151 Shareholder information 153 Company information 155 Growth & Future Networks (including Mondo) Growth & Future Networks provides contracted infrastructure asset and energy services, as well as a range of asset and Front cover: Employee, Olivia Harrington utility services, to support the management pictured with transmission assets at of electricity, gas, and water networks. The Rowville terminal station contracted infrastructure business builds, owns and operates a portfolio of assets that fall outside the regulated asset base. Annual Report 2021 1 Our electricity and gas networks Buronga Murraylink Red Cliffs Interconnector Transmission lines Terminal/switching station Gas distribution network Electricity distribution network Basslink converter station Non-AusNet Services terminal/switching station Non-AusNet Services transmission lines Kerang Jindera Wodonga Shepparton Murray Horsham Bendigo Mt Beauty Eildon Melbourne Ballarat 4 2 South East Substation 2 Heywood Geelong Latrobe Valley Portland Basslink Wonthaggi interconnector Desalination Plant Gas distribution network Electricity distribution network Buronga Murraylink Red Cliffs Interconnector Transmission lines Terminal/switching station Gas distribution network Electricity distribution network Basslink converter station This map shows a stylised, high-level snapshot Non-AusNet Services terminal/switching station of our networks. For more detail and information on our networks, scan this QR code, or visit: Non-AusNet Services transmission lines ausnetservices.com.au/en/About/Who-we-are#map Kerang Jindera Wodonga Shepparton Murray Horsham Bendigo Mt Beauty Eildon Melbourne Ballarat 4 2 South East Substation 2 Heywood Geelong Latrobe Valley Portland Basslink Wonthaggi interconnector Desalination Plant 2 AusNet About us Who we are Who we are is captured by our refreshed purpose, values and strategy Annual Report 2021 3 Our purpose Connect communities with energy and accelerate a sustainable future Our refreshed purpose is to By connecting new, decentralised energy sources and empowering customer choice, we can bring renewable “connect communities with energy energy to communities through partnerships and new and accelerate a sustainable technology. By maintaining and adapting existing future”. This purpose drives our networks, we can also improve the energy network to enable flexible grids for transmission and storage. efforts in line with our strategic We will deliver on our purpose by operating a diversified goals to create long-term value Australian energy infrastructure business. We currently for our customers, communities own over $11 billion of electricity and gas network and and investors. connection assets. These assets deliver energy to more than 1.5 million customers across Victoria. In addition to our role in Victoria, our electricity transmission network plays a pivotal role in the National Electricity Market (NEM), connecting into New South Wales, South Australia and Tasmania. Our position in the energy supply chain, and our role within Victoria, guide how we define our customers: they are the end-users of our networks and services. Our network and connection assets are operated by more than 1,500 employees across regulated networks and Growth & Future Networks (G&FN) business (including Mondo). 4 AusNet About us continued Our values Our values guide the actions of all our people every day They capture our focus on safety, how we work with our customers and communities, and how we treat each other. We work We’re one safely team We do We deliver what’s right Annual Report 2021 5 Our strategy Own and operate the best energy networks, growing through connecting people with new energy Customer Energised Our refreshed purpose and strategy acknowledge the passion people rapid changes occurring across the energy industry. Our strategy is: ‘own and operate the best energy networks, growing through connecting people with new energy.’ For us, ‘best’ networks provide safe, reliable and affordable energy and are able to adapt, anticipate, respond and support customer choices and the transition to renewable energy. Guides us in Thriving and supported As a networks business, we are conscious of the role everything to achieve we play in the energy supply chain to enable this transition. In doing so, we are growing and investing in our business and delivering value to investors. Operational Accelerate Our strategy is delivered through a focus on our four key strategic priorities. These four priorities help us to excellence growth achieve our strategy now and into the future. They guide us as we address the current challenges in our operating environment, and inform our business model and the markets we operate in. As we do this, we strive to deliver strong financial outcomes and pursue growth opportunities. Always finding the best Through the energy and safest way transition 6 AusNet The energy supply chain 13,161 6,852 km Transmission towers Transmission lines Wind farms Solar plants with/without with/without batteries batteries Big battery/ pumped hydro Coal/gas generation 61 Terminal stations AusNet infrastructure Non-AusNet infrastructure Annual Report 2021 7 77 53,990 km 768,460 Zone substations Distribution lines Distribution customers 412,402 Distribution poles Micro grid homes EV fast with solar panel charging and battery stations Electric 12,384 km 752,882 vehicles Underground gas pipelines Gas customers Note: Network data as at 31 March 2021 8 AusNet Our highlights 9. 5 0 cps (40% franked) FY21 Dividend $845M $302M NPAT 4% $1,155M Cash flow EBITDA 17% 4% Five year results summary 2017 2018 2019 2020 2021 Revenue ($M) 1,881.5 1,909.8 1,861.5 1,977.6 1,924.5 EBITDA ($M) 1,073.3 1,142.9 1,134.2 1,196.6 1,154.6 EBIT ($M) 647.4 700.5 677.8 732.1 690.7 Profit for the year ($M) 255.1 291.4 253.9 290.7 302.1 Regulated & contracted asset base 9,366 9,812 10,289 10,857 11,164 Net debt to asset base (%) 67.9 66.7 67.1 67.4 66.6 Annual Report 2021 9 2.71 Recordable Injury Frequency Rate (RIFR) 32% 7.
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