Building a platform for growth Paul Larsen, CEO Brookfield Rail Who is Brookfield Rail? 2 Our History Ownership Westrail WestNet Rail WestNet Rail Brookfield Rail (owned by Western Australian State Government) (subsidiary of ARG – owned 50/50 by Wesfarmers and Genesee and Wyoming) (controlled entity of Babcock and Brown Infrastructure) (owned by Brookfield Infrastructure Partners L.P) Run as integrated business with Network Division set-up separately in lead up to privatisation. Run as a “ring-fenced” business, inside an integrated business. Run as a stand-alone Track Owner. December 2000 June 2006 Business Structure 3 November 2010 Our Purpose & Plan To provide customers with a safe, efficient and reliable freight rail network supporting economic growth in the southern half of WA Our Corporate Goals and Measures help us to understand how successful we are in achieving our purpose Customer Asset Community People Financial We are focussed on helping our customers achieve their tonnage goals We are committed to safely operating, maintaining and developing our rail network We seek to have a lasting positive impact on the communities we are connected to We desire for our people to be safe, valued and fulfilled in the work they do We aim to exceed the return expected by our shareholders Guided by our goals and measures we pursue projects that will underpin the growth of our business Maintain and enhance existing rail infrastructure Maximise efficiency from existing customers Identify & develop new investment & revenue opportunities We will continually improve how we run our business Our Customers: We have a diverse base of strong and capable customers Other 2% Coal 4% Grain 8% Freight 15% Alumina 31% Iron Ore 40% Our Asset: We have safely operated, maintained & developed our rail infrastructure MidWest Rail Upgrade Leonora Resleepering Eastern Goldfields Railway Rerailing Esperance Line Expansion Works Grain Rail Freight Network Resleepering Program Our Communities: We are proactively participating in our communities In one week, we engaged with 1,437 kids aged 6 – 17 I have never seen such a massive project in our vicinity, but to see and experience the professional approach to the task by Brookfield Rail was so pleasing. About the Midwest Upgrade~ A Local Farmer 7 Our People: We are focussed on the safety & development of our employees Financial: We have a strong & supportive owner Brookfield Asset Management External Manager 30% Brookfield Infrastructure Partners L.P. NYSE: BIP; TSX: BIP.UN 100% Brookfield Rail 9 Growth: We have played our part in enabling growth in WA We are here Growth: We continue to identify & develop new opportunities South West Yilgarn Brookfield in final two to develop Esperance Port MidWest 11 Any questions? For further information please visit www.brookfieldrail.com 12