Over the past twelve months, there has been a material change in the ownership of our business. Our founding parent company, Genesee & Wyoming Inc., has sold its interest in the business to Macquarie Infrastructure and Real Assets (MIRA) and PGGM Infrastructure Fund (PGGM). Alongside this change, we have taken the opportunity to adopt a new name and a fresh brand, One Rail Australia.1 We have also updated our corporate values and these values will set the foundation for who we are and how we will operate. We have been pleased to retain a connection to our G&W history through the use of our same corporate colours. GOVERNANCE OUR PERFORMANCE Photo: Train Driver Jess Diamoy on the back of one of our coal trains that operate in the Hunter Valley, NSW. We remain committed to operating as a sustainable business. As evidence of this, we refer to our recent GRESB ESG benchmark result of 76/100 (versus a global peer average of 57/100). Safety first At an operational level, it is business as usual. Safety is our highest priority and our commitment to zero injuries remains the same. We are proud of our industry-leading safety record. Our record reflects our clear and uncompromising focus on safety across our business every day. Being connected We will continue to be a customer-focused organisation and we will challenge and innovate where we see opportunities for creating value within our customer’s logistics supply chain. This includes a strong focus on ESG outcomes. We are committed to ensuring that all employees feel connected as part of the One Rail Australia team. We recognise that the gender diversity and the age profile of our employees are areas in which we can improve. We believe in the importance of giving back to the local communities in which we operate, and we will continue to support a range of community-based initiatives. Transition to a low carbon future Almost half of our revenue comes from the haulage of high-quality export thermal coal. Over time, the global energy transition is expected to impact the long-term production and export of Australian thermal coal. We will continue to assess our energy transition risks and we aspire to build increased resilience in this area.