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7CLEANAWAY FY25 Annual General Meeting CEO & MANAGING DIRECTOR’S ADDRESS 7CLEANAWAY FY25 Financial Results Pictured: Kemps Creek Landfill For personal use only
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8CLEANAWAY FY25 Annual General Meeting Cleanaway HSE, Fleet & Asset Strategy Safety and environment performance enable d by our people, safe reliable assets, and an incredible learning culture Be brilliant at the basics • HSE critical risk review and simplification of Life Savings Rules & Environment Absolutes • Refreshed chain of responsibility program • Occupational hygiene and mental health & wellbeing program Grow HSE leadership, capability & culture • HSE cultural transformation program • HSE leadership development program • Innovative, fit-for-purpose approach to workforce HSE capability & training Deliver safe, reliable & sustainable fleet and assets • Process safety framework and fire risk prevention strategy • Fixed plant preventative maintenance program & system • Fleet digitisation, replacement & decarbonisation strategy Drive business resilience & protection • Embed branch business continuity plans • Crisis and emergency response standardisation and exercises • Branch security management program Embed an incredible learning culture • Develop incidents and learnings core process • Strategic environmental partnerships • Industry collaboration to identify and embed best practice, learn and improve HSE strategy foundational pillars For personal use only
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9CLEANAWAY FY25 Annual General Meeting 1.0 0.4 1.2 0.45 1H FY25 2H FY25 1Q FY25 1Q FY26 Safety performance Making progress in controls, leadership and culture supporting improved performance in 2025 1. TRIFR and SIFR is measured per million hours worked, and include s contractor incidents and hours provided to Cleanaway, and r ecorded employee incidents and hours worked, including hours associated with employee leave. 2. Cleanaway uses Comcare’s Serious Injury definition. The Serious Injury Frequency Rate is the number of serious work-related injuries per million hours worked. • Three fatalities reported in FY25 • On 19 September 2025, a contractor was fatally injured at Coolaroo Material Recovery Facility in Victoria • Commissioned external review on HSE strategy and implementation • Accelerating FY26–27 HSE priorities including: ‒ IVMS rollout to promote safer driving ‒ Fleet replacement to ensure vehicles are equipped with modern safety systems Total recordable injury frequency rate (TRIFR 1) Serious injury frequency rate (SIFR 1,2) 5.4 4.3 5.7 3.0 1H FY25 2H FY25 1Q FY25 1Q FY26 63% improvement 47% improvement For personal use only
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10CLEANAWAY FY25 Annual General Meeting 1. Net revenue excludes landfill levies collected. 2. All figures are underlying unless stated otherwise. Underlying is a non-IFRS meas ure that excludes significant, non-recurring items. 257.1 302.2 359.2 411.8 9.9% 10.2% 11.2% 12.5% 9.00% 9.50% 10.00% 10.50% 11.00% 11.50% 12.00% 12.50% 13.00% 13.50% 120 170 220 270 320 370 420 470 FY22 FY23 FY24 FY25 Underlying EBIT Underlying EBIT margin EBIT ($m)2 $411.8m 14.6% on FY24 EBIT margin 12.5% 130 bps on FY24 2,603.8 2,965.8 3,194.5 3,302.7 2000.0 2200.0 2400.0 2600.0 2800.0 3000.0 3200.0 3400.0 FY22 FY23 FY24 FY25 Net Revenue ($m)1 $3,302.7m 3.4% on FY24 EPS (cents) 8.8cps 15.8% on FY24 Payout ratio 68.2% vs 65.9% in FY24 6.9 6.6 7.6 8.8 70.5% 74.3% 65.9% 68.2% 0.00% 20.00% 40.00% 60.00% 80.00% 100.00% 120.00% 0 1 2 3 4 5 6 7 8 9 10 FY22 FY23 FY24 FY25 Underlying EPS Payout ratio 4.5% 4.9% 5.5% 6.0% 3.00% 3.50% 4.00% 4.50% 5.00% 5.50% 6.00% 6.50% FY22 FY23 FY24 FY25 ROIC (%) 6.0% 50bps on FY24 Track-record of delivering double-digit EBIT growth & improving ROIC FY25 financials highlighted the strength of our resilient, recurring revenue base and operating leverage For personal use only
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11CLEANAWAY FY25 Annual General Meeting 9.9% 10.2% 11.2% 12.5% FY22 FY23 FY24 FY25 9.00% 9.50% 10.00% 10.50% 11.00% 11.50% 12.00% 12.50% 13.00% A resilient business with a platform for sustainable growth Delivering defensive earnings while leveraging our growth platform built through Blueprint 2030 execution Australia’s leading waste management company Disciplined capital managementDriving sustainable EBIT margin expansion Solid Waste Services Environmental & Technical Solutions Corporate For personal use only
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12CLEANAWAY FY25 Annual General Meeting FY26 - a year of delivery and integration Guidance reaffirmed • Acquisitions in line with expectations to collectively contribute EBIT of ~$30m1 • Earnings expected to skew to 2H due to timing of operational excellence and synergies, closure of New Chum at the end of CY2025 • Indirect cost review in progress On-track to deliver FY26 underlying EBIT between $470m to $500m including acquisitions 1. Post impact of purchase price accounting adjustments on depreciation and amortisation of ~$5m for Citywide Waste and ~$10m for Contract Resources. For personal use only