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2026 AGM Managing Director Presentation
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WHO WE ARE We are a diversified infrastructure services company WHAT WE DO We bring an engineering mindset to deliver critical services for major industry OUR VISION The most sought-after diversified infrastructure services business 2
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4 5,000 People Diversified Infrastructure Services Business 80% Annuity / Recurring Earnings Profile 20+ Industries ~$1.7b Revenue ~$2.5b Market Cap North QueenslandPerth Southern NSW Goldfields Roxby Downs Whyalla Adelaide Regional Victoria Melbourne Gladstone Brisbane Sydney Newcastle South Island South-West North-West North Island Geographic split 50 % East 45 % West 5 % New Zealand 4 S&P/ASX
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FY26 ResultsWay Forward Exceeded Upgraded FY26 Guidance1 $170.1m FY26 EBITDA of Up 34% on FY25 EBIT(A) of $131.8m, up 41% on FY25 Returns to Shareholders 13.8cps EPS(A) of Up 34% on FY25 2H Dividend of 4.0c, up 33% on 2H FY25 Winning and Executing $5.1b Record Work in Hand of Up 42% on FY25 80% Annuity / Recurring Earnings Upgraded FY27 Guidance $195m - $205m EBITDA range of Note: 1. Exceeded top end of FY26 EBITDA guidance of $164m–$168m (refer ASX announcement on 2 June 2026). Excellent Cash Generation 101% EBITDA Cash Conversion of Delivered Above Business Case Strategic acquisition with complete end-to- end, self-perform delivery capability Marine Infrastructure Services Provider AGM 2026 Executive Summary 5 EBIT(A) range of $150m - $160m From proforma Net Debt of $52.5m post TAMS From FY27 EBITDA guidance of $190m - $200m in June 26 Back to Net Cash of $6.2m
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ADD YOUR PRESENTATION TITLE HERE NORTH PINE DAM, SOUTH EAST QUEENSLAND FY26 Results Overview AGM 2026 6
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7 SRG Global delivered above market financial performance Continued strong eps growth with EPS(A) accretion of 34% Strong business fundamentals provide platform for ongoing sustainable growth FY25 FY26 Change Revenue $1,323.3m $1,675.5m ▲ 27% EBITDA $127.1m $170.1m ▲ 34% EBIT(A) $93.8m $131.8m ▲ 41% NPAT(A) $61.0m $85.3m ▲ 40% EBITDA % margin 9.6% 10.2% ▲ 6% EBIT(A) % margin 7.1% 7.9% ▲ 11% NPAT(A) % margin 4.6% 5.1% ▲ 11% Dividends (cents per share) 5.5 cps 7.0 cps ▲ 27% Earnings Per Share (A) 10.3 cps 13.8 cps ▲ 34% Record Financial Result FY26 Financial Performance Key Highlights AGM 2026 Transitioned back to net cash of $6.2m from proforma net debt of $52.5m post TAMS
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8 FY26 Financial Performance Key Highlights AGM 2026 0050 $ Millions EBITDA REVENUE $1,676m 27% YOY EBITDA Cash Conversion 101% FY26 2.0 3.0 4.0 4.5 5.5 7.0 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 FY21 FY22 FY23 FY24 FY25 FY26 Dividend 3.3 5.0 6.7 7.7 10.3 13.8 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0 12.0 13.0 14.0 FY21 FY22 FY23 FY24 FY25 FY26 EPS(A) cents per sharecents per share $47m $57m $80m $98.5m $127m 27m 0 20 40 60 80 100 120 140 160 FY21 FY22 FY23 FY24 FY25 FY26 $170m
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9 FY21 FY22 FY23 FY24 FY25 FY26 Revenue $570.0m $644.2m $809.0m $1,069.3m $1,323.3m $1,675.5m EBITDA $47.1m $57.2m $80.1m $98.5m $127.1m $170.1m EBIT(A) $25.1m $34.2m $50.0m $65.6m $93.8m $131.8m NPAT(A) $14.9m $22.4m $31.8m $40.3m $61.0m $85.3m EBITDA % margin 8.2% 8.9% 9.9% 9.2% 9.6% 10.2% EBIT(A) % margin 4.4% 5.3% 6.2% 6.1% 7.1% 7.9% NPAT(A) % margin 2.6% 3.5% 3.9% 3.8% 4.6% 5.1% Dividends (cents per share) 2.0 cps 3.0 cps 4.0 cps 4.5 cps 5.5 cps 7.0 cps Earnings Per Share (A) 3.3 cps 5.0 cps 6.7 cps 7.7 cps 10.3 cps 13.8 cps Continuing to execute the SRG Global Growth Strategy Strategic execution delivering ~320% EPS(A) growth over last five years Business successfully transitioned to ~80% annuity / recurring earnings Track record of winning and executing work Track record of cash generation to fund growth and dividends AGM 2026 Long Term Track Record of Delivery
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Underpinned by a Strong Foundation WEST WIND FARM, MERIDIAN ENERGY, WELLINGTON, NEW ZEALAND 10
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11 AGM 2026 Environmental, Social & Governance in Action Environmental Executive-led Sustainability Committee established to strengthen environmental governance / oversight. ISO 14001 certified environmental management framework, supported by external assurance and internal audits. Carbon platform software fully deployed to enable consistent, auditable climate reporting. Lower-carbon / circular materials implemented in concrete, aluminium facades and recycled plastic pavement tile trials. Social Bugarrba Aboriginal Joint Venture progressing strongly and well positioned for FY27 and beyond. Innovate RAP launched, progressing reconciliation, cultural education and employment pathways. SRG Global Graduate cohort increased from 17 to 30 driving positive future career pathways to support growth. Social partnerships supporting Clontarf, MATES, Nih Kaartdijin Mia, Harry Perkins Institute, Cancer Council and Telethon. Governance Zero Harm Committees operating at Board, Executive and Business Unit / Site levels driving safety performance. TRIFR improved to 1.77, supported by 40,760 visible lead safety activities captured through SafetyCulture. Critical Risk Framework in place with strong control verification protocols embedded. More than 350 frontline leaders have completed our Safety@SRG Global Management training. Project Evolve (Microsoft Dynamics 365) rollout embedding standardised business systems progressing to plan.
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ADD YOUR PRESENTATION TITLE HERE ALCOA PINJARRA, WESTERN AUSTRALIA Operating Segment Update AGM 2026 12
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AGM 2026 Strong Segment Financial Performance $1,149.8m Revenue $164.7m EBITDA $137.1m EBIT(A) $525.7m Revenue $40.6m EBITDA $31.8m EBIT(A) Corporate (nil) Revenue ($35.2m) EBITDA ($37.1m) EBIT(A) Total $1,675.5m Revenue $170.1m EBITDA $131.8m EBIT(A) 13 41% EBIT(A) from FY25 34% EBITDA from FY25 27% Revenue from FY25 EBITDA Margin of 14.3%EBITDA Margin of 10.2% EBITDA Margin of 7.7% EBITDA Margin of (2.1%) EBIT(A) Margin of 11.9%EBIT(A) Margin of 7.9% EBIT(A) Margin of 6.0% EBIT(A) Margin of (2.2%) Corporate overheads equate to 2.1% of revenue, in line with previous years. Maintenance & Industrial Services continued to deliver step change growth combined with consistent margin delivery. TAMS delivered circa 10% above its FY26 business case and is now fully integrated into SRG. Engineering & Construction continued to deliver solid results with financials in line with historical levels. Early contractor engagement model continues to drive excellent operational execution and results.
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Integrated asset program management, asset monitoring, inspection & testing, asset maintenance & remediation, specialist drill & blast and geotech, engineered products and access services that sustain and extend critical industries and infrastructure • Asset Program Management • Asset Monitoring & Testing • Asset Maintenance & Remediation • Specialist Drill & Blast; and Geotech • Engineered Products • Engineered Access Services Annuity / Recurring 14
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15 ORIGIN ENERGY Maintenance & Industrial Services in Review OPERATING SEGMENT UPDATE Long-term contracts secured Secured a number of long-term contracts with key blue-chip, repeat clients across Australia including Gympie Regional Council, Watercorp, Origin Energy, Fortescue, BMA, Delta Electricity, Covalent Lithium, Wesfarmers, South32, VIDA Roads, Tianqi, Alcoa, Roy Hill and Rio Tinto. Geographic spread across diverse industries Embedded across Western Australia, South Australia, Victoria, Queensland, New South Wales and New Zealand. Successful acquisition and integration of TAMS Strategic acquisition of TAMS, a specialist port and marine infrastructure services provider delivering a market leadership position in highly attractive growth markets across Australia. Strong growth opportunities Positive growth opportunities in Water, Transport, Industrial / Resources, Ports / Marine and Energy sectors. KMSB FLOATING WHARF, BROOME, WESTERN AUSTRALIA
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Specialist engineering and construction of critical infrastructure across a diverse range of growth sectors including water, transport, defence, resources, energy, health & education • Advisory Services • Specialist Design Services • Early Contractor Engagement • Civil Infrastructure • Specialist Engineered Facades Project Based 16 KEEPIT DAM STRENGTHENING, WATER NSW
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17 Engineering & Construction in Review OPERATING SEGMENT UPDATE NORTH PINE DAM STRENGTHENING, SEQWATER, QUEENSLAND BONNEY DOWNS WINDFARM, WESTERN AUSTRALIA Delivery of Specialist Water Infrastructure Secured specialist dam anchoring, mega-tank and water infrastructure projects with major clients and water authorities across Australia including SEQWater, Hunter Water, SA Water and Water Corporation WA. Winning in Transport, Defence and Renewables Significant government infrastructure wins in Transport and Defence including San Remo Bridge, ongoing Defence work on Garden Island and renewable energy infrastructure with Fortescue at Bonney Downs Wind Farm. Specialist Facades - Health/Education/Data Centres Strategy of winning work with repeat clients demonstrated through ongoing contract awards in Health, Education and Data Centres across Australia / NZ. Robust commercial framework Early Contractor Engagement model well established with long-term, blue-chip client base in Transport, Defence, Water, Industrial / Resources, Data Centres and Health / Education sectors.
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ADD YOUR PRESENTATION TITLE HERE SAN REMO BRIDGE, VICTORIA Way Forward AGM 2026 18
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AGM 2026 Building the Most Sought-after Diversified Infrastructure Services Business Long term growth in recurring Maintenance & Industrial Services across a broad range of sectors T argeted growth in Engineering & Construction with key repeat clients Step change growth in Engineered Products across diverse sectors and geographies Leveraging our capability and footprint in water security and energy transition / decarbonisation 75% annuity / recurring and 25% project-based earnings Zero Harm / ESG industry leader and recognised employer / partner of choice Continuing to enhance our Innovation and T echnology to drive sustainable growth and competitive advantage Selective strategic acquisitions to complement capability / footprint Consistent, above market shareholder returns (EPS and TSR) 80% annuity / recurring and 20% project-based earnings 19
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20 Strategic Transformation Delivering Sustainable Growth AGM 2026 $ Millions $47m $57m $80m $98.5m $127m $170m 0 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 170 180 190 200 210 FY21 FY22 FY23 FY24 FY25 FY26 FY27 Diversified Infrastructure Services Business 80% Annuity / Recurring Earnings Profile Strong Platform for Sustainable Earnings Growth $5.1 Work in Hand: June 2026 Maintenance & Industrial Services Engineering & Construction Exposure to Diverse Sectors and Geographies $11.5b Opportunity Pipeline: June 2026 Maintenance & Industrial Services Engineering & Construction Upgraded FY27 EBITDA guidance to $195m to $205m b
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21 AGM 2026 Positive Outlook Operating segment performance… …driving positive momentum Upgraded FY27 guidance to $195m to $205m EBITDA and $150m to $160m EBIT(A) $5.1b Work in Hand and $11.5b Opportunity Pipeline provides platform for long-term sustainable growth Positive exposure to growth sectors including Water, Energy, Industrial / Resources, Transport, Defence, Health, Education, Data Centres and Ports / Marine Earnings profile of circa 80% annuity / recurring earnings in FY26 and beyond Strategic transformation to a diversified infrastructure services business will continue to deliver consistent growth and high-quality returns
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AGM 2026 Investment Proposition End-to-end asset lifecycle capability Diverse market sectors / geographies Highly scalable business model Annuity earnings profile $ Capital light investment profile High growth dividend stock 22
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ADD YOUR PRESENTATION TITLE HERE CANNING DAM, WESTERN AUSTRALIA Appendix 1: Reconciliation of Financial Information AGM 2026 23
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Appendix 1: Reconciliation of Financial Information 24 AGM 2026 FY25 FY26 Profit before Tax 66.3 103.2 Finance costs 8.3 9.5 Amortisation of Acquired Intangibles / Customer Contracts 13.2 14.1 Costs associated with one-off redundancies 1.0 0.0 Acquisition and integration costs 5.0 5.0 EBIT(A)(1) 93.8 131.8 Depreciation 33.3 38.3 EBITDA 127.1 170.1 NPAT Reported 47.5 71.9 Amortisation 9.3 9.9 Costs associated with one-off redundancies 0.7 0.0 Acquisition and integration costs 3.5 3.5 NPAT(A)(1) 61.0 85.3 Weighted Average Number of Shares Outstanding 590,687,671 619,845,371 EPS(A)(1) 10.3 13.8 Note: 1. EBIT(A), NPAT(A) and EPS(A) represent profit before amortisation of acquired intangibles FY26 EBITDA of $170.1m consists of SRG $144.2m contribution + TAMS (8 months) $25.9m contribution FY26 EBIT(A) of $131.8m consists of SRG $109.4m contribution + TAMS (8 months) $22.4m contribution
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25 Disclaimer Summary information This Presentation is for information purposes only and is a summary only. It should be read in conjunction with SRG Global’s most recent financial report and SRG Global’s other periodic and continuous disclosure information lodged with the Australian Securities Exchange (ASX), which is available at www.asx.com.au. The content of this Presentation is provided as at the date of this Presentation (unless otherwise stated). Reliance should not be placed on information or opinions contained in this Presentation and, subject only to any legal obligation to do so, SRG Global does not have any obligation to correct or update the content of this Presentation. Certain market and industry data used in this Presentation may have been obtained from research, surveys or studies conducted by third parties, including industry or general publications. Neither SRG Global nor its representatives have independently verified any such market or industry data provided by third parties or industry or general publications. Photographs, diagrams and maps used in this presentation are illustrative only and may not be drawn to scale. Unless otherwise stated, all data contained in charts, graphs and tables is based on information available as at the date of this Presentation. Not financial product advice or offer This Presentation does not and does not purport to contain all information a prospective investor may require in connection with any potential investment in SRG Global and is not intended as investment or financial advice or financial product advice (nor tax, accounting or legal advice) or a recommendation to acquire any securities of SRG Global and must not be relied upon as such. Any decision to buy or sell securities or other products should be made only after seeking appropriate financial advice. This Presentation is of a general nature and does not take into consideration the investment objectives, financial or tax situation or particular needs of any particular investor. Financial information All financial information in this Presentation is in Australian dollars (A$ or AUD) unless otherwise stated. All references to FY26 profits in this presentation are after adjusting for one-off transaction and integration costs for TAMS. Past performance Past performance, including past share price performance of SRG Global and pro forma financial information given in this Presentation, is given for illustrative purposes only and should not be relied upon as (and is not) an indication of SRG Global’s views on its future financial performance or condition. Past performances of SRG Global and the Target Entities cannot be relied upon as an indicator of (and provides no guidance as to) the future performance of SRG Global. Nothing contained in this Presentation, nor any information made available to you is, or shall be relied upon as, a promise, representation, warranty or guarantee, whether as to the past, present or future. Future performance and forward-looking statements This Presentation contains certain forward-looking statements. The words “expect”, “anticipate”, “estimate”, “intend”, “believe”, “guidance”, “should”, “could”, “may”, “will”, “predict”, “plan” and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. Forward-looking statements, opinions and estimates provided in this Presentation are based on assumptions and contingencies that are subject to change without notice and involve known and unknown risks and uncertainties and other factors that are beyond the control of SRG Global, its directors and management. Forward-looking statements are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Actual results, performance or achievements may differ materially from those expressed or implied in such statements and any projections and assumptions on which these statements are based. These statements may assume the success of SRG Global’s business strategies. The success of any of those strategies will be realised in the period for which the forward-looking statement may have been prepared or otherwise. Readers are strongly cautioned not to place undue reliance on forward-looking statements, particularly given the current economic climate. None of SRG Global, its representatives or advisers assumes any obligation to update these forward-looking statements. No representation or warranty, express or implied, is made as to the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, returns or statements in relation to future matters contained in this Presentation. The forward-looking statements are based on information available to SRG Global as at the date of this Presentation. Except as required by law or regulation (including the ASX Listing Rules), none of SRG Global, its representatives or advisers undertakes any obligation to provide any additional or updated information whether as a result of a change in expectations or assumptions, new information, future events or results or otherwise. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements. This Presentation has been authorised for release to ASX by the Managing Director.
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