Business Reporting Leaders Forum KPMG Sydney Wednesday 4

Business Reporting Leaders Forum KPMG Sydney Wednesday 4 October 2017 and KPMG Melbourne on Friday 6 October 2017 New Website: www. brlf. net

Attendees (Sydney) – a broad cross-section of the reporting supply chain in Australia Chief Financial Officers/ Finance Directors / Chief Executive Officers Simone Schlitter – CBA Michael Coleman – AICD Selina Heng – Sydney Airport Robin Low Michelle Taylor – Challenger Sean O’Sullivan - Brambles David Huxtable – CBA Accounting / Legal Firms Kylie Dumble – KPMG Winson Chan – KPMG Nicky Landsbergen – EY Nasim Payandeh Castillo – EY Paul Dobson – Deloitte Ryan Burns - PWC Investor Relations Officers & Sustainability Officers Louise Coughlan – Westpac Alan Dayeh – Westpac Richard Clifton-Smith –AGL Investors & Analysts Pauline Vamos – Regnan Pablo Berrutti – Colonial First State Diana D’Ambra - ASA Other Stakeholders Victoria Whitaker – St James Ethics Centre Andrea Spencer-Cooke – One Stone Advisors Lachlan Feggens – Brambles Siobhan Spoljaric – NRMA Alex Ruban – CBA Kristi Bromley – CBA Serena Blanch – CBA Elyce Pobiega – Woolworths Jessica Luca – Woolworths Paul Van Meurs – Woolworths Adam Kirkman– AMP Capital Paula Walsh – Macquarie Georgia Cable - Macquarie Academia BRLF/ IIRC Keith Reilly – Macquarie Henri Hussinki – Finland Suresh Cuganesan – University of Sydney Richard Howitt (CEO IIRC) Slide 2 Nick Ridehalgh - KPMG/BRLF Michael Bray – KPMG/ Deakin John Stanhope - BRLF (Chairman) Liz Prescott - IIRC Accounting Bodies Stephen Harrison - Global Accounting Alliance Olywyn Connolly – CAANZ Karen Mc. Williams –CAANZ Douglas Niven – ASIC Regulators / Exchanges / Standard Setters/ Government Kate Phipps – Treasury

Attendees (Melbourne) – a broad cross-section of the reporting supply chain in Australia Chief Financial Officers/ Finance Tom Berry – ANZ Carolina Battaglini – ANZ Simon Cammell – Auspost Rod Masson – Cbus Directors / Chief Executive Officers Peter Matthey – Cabrini Health Australia Merran Kelsall – Director Jane Tongs - Director Kylie Molinaro - Cbus Emma Sweet – CPA Aus Paul Urquhart – Auspost Accounting / Legal Firms Helen Adair - EY Terence Jeyaretnam – EY Meg Fricke – EY Sivanantham – Grant Thornton Simon Dubois – KPMG Penny Stragalinos – KPMG Jen Travers – KPMG Simon Bray – HMH Investor Relations Officers & Sustainability Officers Rachel Scully - IOOF Joel Posters – Future Fund Investors & Analysts Louise Davidson – ACSI Connie Howe – ACSI Holly Lindsay – ACSI Harry Moore – Colonial First State Sharyn Cowley – Telstra Super Jackie Allender – ACCSR Vanessa Richards – BHP Marlene Misquita – BHP Jake Sims – AIST Ian Lorimer – Unisuper Louise O’Brien – Bank Aust Lewis Tassone – Hostplus Nigel Davis – Medibank William Wong – Hostplus Zoe Heath – First State Super Juliet Williams – Medibank Paul Begley – Australian Human Resources Institute Leeora Black – ACCSR Sarah Goodwin – AIST Sarah Burley – Australian Super Lyn Goodear – Australian Human Resources Institute Stephanie Sterck – ACCSR Anita Fox – HESTA Michael Dundon – Vicsuper Other Stakeholders Colin Neathercoat – Melbourne Water Gywneth Elsum – Melbourne Water Michael Parks – Telstra Stephanie Spilsbury – Telstra Academia BRLF/ IIRC Barry Cooper – Deakin Joanne Locke – Deakin Peter Carey - Deakin Luckmika Perera – Deakin Christine Contessotto – Deakin Shalini Samuel – Monash Wendy Stubbs – Monash Richard Howitt – CEO IIRC Kris Peach - AASB Jo Cain – Materiality Counts Nick Ridehalgh - KPMG/BRLF Matthew Zappulla – AASB Michael Bray - KPMG John Stanhope - BRLF (Chairman) Liz Prescott - IIRC Roger Simnett – AASB Charles Macek – IFRS Advisory Council Slide 3 Accounting Bodies Regulators / Exchanges / Standard Setters/ Government Bill Edge – FRC Claire Grayston – CPA Aus Rob Thomason – CPA Aus Pet

Agenda Time Syd Time Melb 4. 00 10. 30 Welcome and introduction to Richard Howitt Nick Ridehalgh/ John Stanhope 4. 05 10. 35 Keynote Address – Developments in Integrated Reporting Richard Howitt, CEO IIRC 4. 45 11. 15 Q&A Facilitated by Nick Ridehalgh (S) Workshop chaired by Louise Davidson (M) 5. 25 11. 55 Wrap up Nick Ridehalgh/ John Stanhope 5. 30 12. 00 Close Slide 4 Subject Presenter

Integrated Reporting Richard Howitt October 2017 International Integrated Reporting Council

Global Momentum International Integrated Reporting Council

Over 1, 500 organizations in 62 countries adopting <IR> Over 50% of CEOs, CFOs and COOs are moving towards <IR> And over 35% say they will 2, 000 participating in <IR> Networks worldwide G 20 <IR> adopted by businesses in all economies © International Integrated Reporting Council

Corporate governance and stewardship codes driving <IR> adoption • South Africa • Malaysia • The Netherlands • Japan • The Philippines • The UK With government and regulatory support from China, India, Brazil, EU International Integrated Reporting Council © International Integrated Reporting Council

Evidence Base International Integrated Reporting Council

79% 87% <IR> participants believe investors better understood their strategy Of SA Non-Executive Directors believe integrated thinking increases the quality of organisations’ dialogue with shareholders other stakeholders 92% Of participants see increased understanding of value creation 80% Of investors believe quality of reporting affect professional perception of management quality © International Integrated Reporting Council

• Companies doing <IR> outperform others National University of Singapore and KPMG • Higher market valuation Nanyang University • Positively associated with both stock liquidity and firm value Stanford University • A more dedicated investor profile Harvard Business School • Better understanding of strategy by investors Black Sun • 70% of investors see integrated reports as essential or important EY © International Integrated Reporting Council

Resources Integrated Reporting Examples Database Sharing real examples of leading practice in Integrated Reporting to help organisations on the <IR> journey The International <IR> Framework Providing the principles and concepts for organisations adopting <IR> Network Bringing together organisations worldwide to enhance the way they think, plan and report. integratedreporting. org examples. integratedreporting. org © International Integrated Reporting Council

PROGRESS THROUGH

Q&A Nick Ridehalgh facilitate questions in Sydney Louise Davidson (ACSI CEO) to chair a panel to answer Q&A Slide 14

BRLF wrap up Nick Ridehalgh/ John Stanhope Slide 15