Tuesday, 18 October 2016

The Manager

Company Announcements Australian Stock Exchange Limited 20 Bridge Street

SYDNEY NSW 2000

Dear Sir / Madam

Investor presentation

I enclose the presentation to be delivered today to investors at the Citi Australia and New Zealand Investment Conference in Sydney and to investors in Tokyo and Hong Kong from 25-27 October 2016.

Yours faithfully,

Alexandra Finley Company Secretary

Spark Infrastructure RE Limited ABN 36 114 940 984

as Responsible Entity of Spark Infrastructure Trust (ARSN 116 670 725) Level 25, 259 George Street Sydney NSW 2000 Australia

T +61 2 9086 3600 F +61 2 9086 3666

www.sparkinfrastructure.com

INVESTOR PRESENTATION

OCTOBER 2016

THE AUSTRALIAN INFRASTRUCTURE NETWORK SPECIALISTS CURRENT INVESTMENT PORTFOLIO

AUSTRALIAN BASED SPECIALIST INFRASTRUCTURE INVESTOR WITH A PORTFOLIO OF HIGH QUALITY REGULATED BUSINESSES

49.0%

Interest

49.0%

Interest

49.0%

Interest

15.01%

Interest

SA Power Networks is the sole operator of South Australia's electricity distribution network, supplying around 852,000 residential and commercial customers in all regions and the major population centres.

CitiPower operates the distribution network that supplies electricity to around 326,000 customers in Melbourne's CBD and inner suburbs.

Powercor is the largest distributor of electricity in Victoria, operating a network that serves around 768,000 customers in central and western Victoria and the western suburbs of Melbourne.

TransGrid is the largest high-voltage electricity transmission network in the National Electricity Market (NEM) by electricity transmitted, connecting generators, distributors and major end users in NSW and the ACT and forms the backbone of the NEM connecting QLD, NSW, VIC and the ACT.

Investor presentation - October 2016 2

INVESTMENT PROPOSITION

GROWTH IN ASSETS DELIVERING SUSTAINABLE GROWTH IN DISTRIBUTIONS

► Organic growth in the existing investment portfolio is a core part of the investment proposition and an enduring priority, including:

  • Active management of quality assets

  • Regulator approved capital expenditure in accordance with business requirements and priorities

  • Continual focus on improving efficiency, productivity and managing costs

  • Maintenance of high standards of safety and reliability

  • Agile response to changing business conditions and new technology

  • Incentivised management teams at both the fund and asset levels

► External growth and diversification opportunities will be considered that:

  • Offer predictable earnings and reliable cashflows

  • Offer scope for active management and performance improvement

  • Are subject to independent and transparent regulation or are supported by long term contractual arrangements

  • Are value accretive over the long term

  • Are yield accretive, either immediately or within a relatively short time frame

  • Provide long-term growth in the equity of investments

  • Display a similar risk profile to the assets in the existing portfolio

  • Offer the opportunity for strategic diversification by asset class, geography, regulatory regime, timing, and/or partners

Active management

Sustainable yield

Long term growth

Quality returns

Investor presentation - October 2016 3

Spark Infrastructure Group published this content on 17 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 October 2016 17:03:02 UTC.

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