2025 Corporate Report

Security holder information | Contents

NCX

RICI

NorthConnex

Road Injury Crash Index. RICI measures the number of serious injury road crashes (when an individual is transported from the scene by ambulance) per 100 million vehicle kilometres travelled on Transurban’s roads Recordable Injury Frequency Rate. Contractor RIFR measures the number of contractor recordable injuries (medical treatment, lost time or fatality) per one million hours worked by our contractors.

NEURA

Neuroscience Research Australia

NEXT NOK

Project NEXT (495 Express Lanes Northern Extension)

Norwegian krone

RIFR

NPAT and NPBT

Net profit after tax and net profit before tax

NPS NSW

Net promoter score

New South Wales, Australia NorthWestern Roads Group Operations and maintenance

NWRG

RPCC RUC S&P SAAS SASB

Remuneration, People and Culture Committee

O&M

Road user charging Standard and Poor’s Software as a service

OTHER REVENUE

Includes management fee, roaming fee and advertising revenue, recognised at the point in time the service is provided; tolling services provided to third parties, recognised over the period the service is provided; and compensation received from third parties for a loss of toll revenue due to construction completion delays, recognised when it is reasonably assured it will be collected.

Sustainability Accounting Standards Board

SBTi

Science Based Targets initiative

SERVICE AND FEE REVENUE

Service and fee revenue includes customer administration charges and enforcement recoveries

SLN SPV

Shareholder loan note Special purpose vehicle Short term incentive

OUR VOICE

Transurban employee engagement survey

PAB PPA PPP

STI

Private activity bond

STP/STP JV

Power purchase agreement Public private partnership

Sydney Transport Partners Joint Venture

PLATINUM TAWREED INVESTMENTS

Platinum Tawreed Investments A 2010 RSC Limited, a wholly owned subsidiary of Abu Dhabi Investment Authority Transurban Chesapeake. TC owns 100% of the entities that developed, built, financed and now operate and maintain the 95 Express Lanes (including the new Fredericksburg Extension which is now operational), 395 Express Lanes and 495 Express Lanes (including Project NEXT, which is under construction). Transurban has a 50% interest in TC Task Force on Climate-related Financial Disclosure Transport for New South Wales; the government agency responsible for the State's transport infrastructure and transport services

PROP

Proportional results

PROPORTIONAL DRAWN DEBT

Proportional drawn debt is used to assess the Group’s share of total debt obligations across the portfolio. The measure represents the aggregate drawn debt from each asset, multiplied by Transurban’s ownership interest. It differs from statutory drawn debt as foreign currency debt issuances are translated at the spot rather than hedged rate. In addition, statutory debt does not adjust for proportional ownership and reflects consolidated assets M7, NorthConnex, WestConnex, 95 Express Lanes, 495 Express Lanes and A25 assets are not consolidated Proportional EBITDA is used to assess Transurban's operating performance, with an aim to maintain a focus on operating results and associated cash generation. The measure represents the aggregate EBITDA from each asset, adjusted for major maintenance spend and mark-to-market movements in power purchase agreements, multiplied by Transurban's ownership interest Ratio of Proportional Revenue to Proportional Operating EBITDA, expressed as a percentage. Group Operating EBITDA margin is calculated using Proportional Total Revenue and segment EBITDA margins are calculated using Proportional Toll Revenue Cost incurred before Interest, Tax, Depreciation and Amortisation, adjusted for major maintenance spend and mark-to-market movements in power purchase agreements, excluding non-recurring items, multiplied by Transurban’s ownership interest. Non-recurring items: One-off items which may include, among other things, transaction, integration, and litigation liability costs incurred Proportional EBITDA excluding non-recurring items, which may include, among other things, transaction, integration and litigation liability costs Aggregrated results from each asset multiplied by Transurban’s percentage ownership and the contribution from central Group functions. Proportional toll revenue is used to assess the Group’s share of customer-generated income across the portfolio, specifically tolls, service, and fee revenue. The measure represents the aggregate toll revenue from each asset, multiplied by Transurban’s ownership interest, providing insight into the Group’s underlying revenue base and operational performance

TC

TCFD

TfNSW

PROPORTIONAL EBITDA

THL THT

Transurban Holdings Limited Transurban Holding Trust Transurban International Limited

TIL

TLN

Term loan note

TOLL REVENUE

Revenue from customers, specifically tolls, service and fee revenue Service provider including O&M (operations and maintenance) and retail services to NSW assets. Tollaust is a wholly owned subsidiary of Transurban Holdings Limited

TOLLAUST

PROPORTIONAL EBITDA MARGIN

TQ

Transurban Queensland

PROPORTIONAL OPERATING COSTS

TSR

Total Shareholder Return is an external, market-based performance measure. TSR measures total return on investment of a security, taking into account both capital appreciation and distributed and/or dividend income that was reinvested on a pre-tax basis United Nations Sustainable Development Goals

UN SDGs/SDGs

US/USA

United States of America

USD

US dollars

PROPORTIONAL OPERATING EBITDA

USPP

US private placement

VA

Virginia, United States of America Virginia Department of Transportation

VDOT

PROPORTIONAL RESULTS

VENTIA

Service provider including operational and maintenance services to our NSW and Queensland assets

VIC

Victoria, Australia

PROPORTIONAL TOLL REVENUE

VTIB WCX

Virginia Transportation Infrastructure Bank

WestConnex

WEIGHTED AVERAGE MATURITY

Calculated using proportional drawn debt exclusive of issued letters of credit Workplace Gender Equality Agency (Australia)

WGEA

WGT / WGTP

West Gate Tunnel / West Gate Tunnel Project

QC

Quebec, Canada

QLD RAP

Queensland, Australia Reconciliation Action Plan

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