Tuesday, 17 October 2017

The Manager

Company Announcements Australian Stock Exchange Limited 20 Bridge Street

SYDNEY NSW 2000

Dear Sir / Madam

Investor Presentation - Citi Australia and New Zealand Investment Conference

I enclose the presentation to be delivered to investors at the Citi Australia and New Zealand Investment Conference in Sydney on 18 October 2017.

Yours faithfully,

Alexandra Finley Company Secretary

Level 29, Suite 29.05, Grosvenor Place, 225 George Street, Sydney NSW 2000 ABN 36 114 940 984

t +61 (0)2 9086 3600 f +61 (0)2 9086 3666 e info@sparkinfrastructure.com w www.sparkinfrastructure.com

INVESTOR PRESENTATION

CITI AUSTRALIA & NEW ZEALAND INVESTMENT CONFERENCE OCTOBER 2017

HY 2017 - CORPORATE STRATEGY AND FOCUS SPARK INFRASTRUCTURE HIGHLIGHTS AREAS OF FOCUS

  • Distributions from portfolio of $132.3 million, up 5.3% on HY 2016

  • 2017 distribution guidance of 15.25 cps confirmed, up 5.2% on 2016

  • Aggregated proportional EBITDA growth of 3.0% to $390.7m. After adjusting for net external finance costs, EBTDA growth of 7.0% to $305.7m

  • Funding value accretive growth in portfolio

  • Submitted fully funded bid for Endeavour Energy at a disciplined price and was to be significantly involved in the transition and transformation work streams and compensated through a Technical Service Agreement

  • Portfolio distributions weighted towards 2H - standalone payout ratio for FY 2017 expected to be below 100%

  • Ensure our networks maintain their focus on efficiency

  • Continued TransGrid execution against the acquisition business plan

  • Promoting grid interconnectivity e.g. new NSW/SA interconnector; increased connection to renewable energy zones

  • Ensuring networks are not restricted from providing valuable system strength and inertia services

  • Supporting proactive evolution of network businesses with expansion into niche areas associated with 'behind the meter' customer solutions, battery storage and consulting services

  • Influencing policy and regulation through proactive participation

Spark Infrastructure - October 2017 2

HY 2017 - FOCUS ON EFFICIENCY AND GROWTH VICTORIA POWER NETWORKS SA POWER NETWORKS TRANSGRID

  • Significant productivity and efficiency gains realised through the now completed World CLASS program. Total identified savings of ~$151m p.a.

  • New continuous improvement program initiated with savings of

    $27m identified in HY 2017

  • Final Determination for 2016-20 delivers $180m revenue relative to Preliminary Determination being recovered from 1 Jan 2017

  • In August 2017, the AER approved Powercor's Contingent Project Application in relation to Tranche 1 REFCL Program. Additional revenues of $28.5m will be recognised over years 2018-2020

  • "Powering Ahead" program targeting benefits of $40m p.a.

  • Continued efficient delivery of NBN roll-out in South Australia (revenue of $225m since inception)

  • Final Determination for 2015-20 delivers $626m Standard Control Services revenue relative to Preliminary Determination being recovered from 1 July 2016

  • Increased number of infrastructure connections opportunities than was initially expected while maintaining appropriate returns - ongoing growth in contracted asset base

  • New executive team members in place and business transformation progressing

  • Regulatory proposal for 2018-23 submitted 31 January 2017, providing for real price reductions

  • "ACE" program - Accountable, Energised, Efficient

Spark Infrastructure - October 2017 3

Spark Infrastructure Group published this content on 17 October 2017 and is solely responsible for the information contained herein.
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