Aurizon (AZJ) investor relations material

Opening remarks and agenda

• Chairman welcomed attendees, introduced the board, and outlined the meeting agenda, including addresses from key executives and directors standing for reelection.

• Acknowledgment of Country recognized Traditional Custodians and emphasized respect for Aboriginal and Torres Strait Islander peoples and their connection to the land.

• Emergency and safety procedures for the venue were explained.

Board and executive committee updates

• Chairman confirmed his intention to retire in 2025, with succession planning underway for both internal and external candidates.

• Farewell to a long-serving board member and ongoing efforts to add diversity and skills to the board.

• Addresses were delivered by the Chairman and the Managing Director & CEO.

• Two directors, Sarah Ryan and Lyle Strambi, stood for reelection, highlighting their relevant experience and commitment.

Financial performance review

• Underlying EBITDA for FY2025 was $1.576 billion, 7% below expectations due to deferred revenue and increased bad debt provisions.

• Revenue increased by 3% in FY2025, supporting a total dividend of $0.157 per share and a $300 million share buyback.

• $60 million in annualized savings achieved, with a major restructure resulting in over 200 employees leaving.

• Bulk business faced a 17% drop in volumes and 26% decline in EBITDA, while coal volumes rose 2% and network EBITDA increased 3%.

• Financial statements and reports for the year ended 30 June 2025 were presented for consideration.