Building a platform for growth Paul Larsen, CEO Brookfield Rail

Who is Brookfield Rail? 2

Our History 3 Ownership Business Structure Westrail (owned by Western Australian State Government) WestNet Rail (subsidiary of ARG – owned 50/50 by Wesfarmers and Genesee and Wyoming) WestNet Rail (controlled entity of Babcock and Brown Infrastructure) Brookfield Rail (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 2006November 2010

To provide customers with a safe, efficient and reliable freight rail network supporting economic growth in the southern half of WA We seek to have a lasting positive impact on the communities we are connected to We are focussed on helping our customers achieve their tonnage goals We are committed to safely operating, maintaining and developing our rail network We aim to exceed the return expected by our shareholders We desire for our people to be safe, valued and fulfilled in the work they do Our Corporate Goals and Measures help us to understand how successful we are in achieving our purpose Asset We will continually improve how we run our business 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 Customer Community People Financial Our Purpose & Plan

Our Customers: We have a diverse base of strong and capable customers Coal 4% Iron Ore 40% Alumina 31% Freight 15% Grain 8% Other 2%

Our Asset: We have safely operated, maintained & developed our rail infrastructure MidWest Rail Upgrade Grain Rail Freight Network Resleepering Program Eastern Goldfields Railway Rerailing Leonora Resleepering Esperance Line Expansion Works

7 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 In one week, we engaged with 1,437 kids aged 6 – 17 Our Communities: We are proactively participating in our communities

Our People: We are focussed on the safety & development of our employees

9 Financial: We have a strong & supportive owner Brookfield Infrastructure Partners L.P. NYSE: BIP; TSX: BIP.UN Brookfield Infrastructure Partners L.P. NYSE: BIP; TSX: BIP.UN Brookfield Asset Management Brookfield Rail External Manager 30% 100%

Growth: We have played our part in enabling growth in WA We are here

Growth: We continue to identify & develop new opportunities 11 Yilgarn South West MidWest Brookfield in final two to develop Esperance Port

Any questions? For further information please visit 12