Slide 1: ASX Release: 2025 Investor Presentation
ASX Release 12 August 2025 Company Announcements Office Australian Securities Exchange Limited 20 Bridge Street SYDNEY NSW 2000 2025 INVESTOR PRESENTATION SGH Ltd (ASX:SGH) attaches the Investor Presentation for the year ended 30 June 2025. This announcement has been authorised for release to the AS
Slide 2: FY25 Results Presentation
FY25 Results Presentation Ryan Stokes, SGH MD&CEO 12th August 2025
Slide 3: SGH Overview – Who We Are
SGH Overview – Who We Are Industrials and Energy Focus SGH Ltd (ASX:SGH) Mining Infrastructure Transitional Production and Construction Energy • SGH is a leading Australian diversified operating business, focused on Industrial Services and Energy • Average 1,006/204mtpa • $1.7t 7-year infrastructure
Slide 4: SGH Overview – FY25 Result Highlights
SGH Overview – FY25 Result Highlights $10,744m 1% $1,537m 8% $924m 9% $1,951m 49% Revenue EBIT NPAT Op Cash Flow *All numbers are presented on an underlying basis unless otherwise stated. FY25 SGH EBIT Composition ($m) 1,600 $132m, +34% $42m, +66% $1,537m +8% $290m, -9%1 -$33m, +10% 1,400 Corporate
Slide 5: SGH Overview – Key Outcomes
SGH Overview – Key Outcomes Robust earnings growth continues FY25 Key Financials • Revenue of $10.7bn, up 1% in mixed market conditions $m FY25 FY24 % Change • EBIT margin of 14% up 93bp, on margin expansion at Revenue 10,744 10,605 1% Boral and equity accounted earnings growth Earnings before inter
Slide 6: SGH Overview – The SGH Way
SGH Overview – The SGH Way The SGH Way • SGH’s disciplined and scalable operating model, guiding how we create long-term value and deliver top-decile TSR • The model is built around four concentric layers: • Centre: The SGH star anchors our model, representing our purpose • Layer 1: Our outcome-base
Slide 7: SGH Overview - Safety and Sustainability
SGH Overview - Safety and Sustainability People and Safety Rolling 12m LTIFR1 Rolling 12m TRIFR2 June 2025 June 2024 June 2025 June 2024 • Focus on contractor and new starter safety inductions, WesTrac 0.2 0.3 3.3 5.0 embedding safety protocols and awareness culture Boral 1.4 2.2 2.9 4.5 Coates 0.4
Slide 8: WesTrac Business Unit Overview
WesTrac Business Unit Overview SGH Overview Industrial Services Energy Media Financials Priorities and Outlook 7
Slide 9: Industrial Services – WesTrac Highlights
Industrial Services – WesTrac Highlights Revenue and earnings growth delivered FY25 FY24 Change • Revenue of $6.1bn up 4%, driven by strong capital sales Revenue ($m) $6,100 $5,874 +4% offsetting lower average parts pricing EBITDA ($m) $727 $706 +3% • Capital sales of $2.2bn up 12%, with robust new
Slide 10: Industrial Services – WesTrac Highlights
Industrial Services – WesTrac Highlights Strong capital sales growth WesTrac Revenue Split (A$m) 7,000 Capital sales • 12% capital sales growth driven by delivery of expansion 6,000 Services and fleet replacement programs for major customers 5,000 • Capital sales expected to revert to recent average
Slide 11: Boral Business Unit Overview
Boral Business Unit Overview SGH Overview Industrial Services Energy Media Financials Priorities and Outlook 10
Slide 12: Industrial Services - Boral Highlights
Industrial Services - Boral Highlights Strong earnings growth continues FY25 FY24 Change • Revenue of $3.6bn up 1%, resilient demand from engineering & Revenue ($m) $3,603 $3,555 +1% pricing traction offsetting volatility in road and residential activity EBITDA ($m) $692 $599 +16% • EBIT margin of 1
Slide 13: Industrial Services - Boral Highlights
Industrial Services - Boral Highlights Resilient product volumes Boral Sales Volume Movement • Concrete and cement volumes up 1%/3% on resilient Asphalt ex-bin Concrete Recycling Quarries1 Cement (bulk) demand from commercial and engineering sectors 3% 6% -3% 1% 0% 26% -9% 2% -1% 0% -3% 3% Quarries
Slide 14: Coates Business Unit Overview
Coates Business Unit Overview SGH Overview Industrial Services Energy Media Financials Priorities and Outlook 13
Slide 15: Industrial Services - Coates Highlights
Industrial Services - Coates Highlights Revenue and earnings FY25 FY24 Change • Revenue of $1.0bn down 9% in mixed market conditions, Revenue ($m) $1,041 $1,142 -9% with 19% lower revenue in the South (Vic and SA) EBITDA ($m) $486 $528 -8% • EBIT margin of 27.8% down 78bp, remains globally competiti
Slide 16: Industrial Services - Coates Highlights
Industrial Services - Coates Highlights Asset utilisation & Fleet Time Utilisation (%) and Fleet Size ($m) • Time utilisation of 59%, marginally down on FY25 target 2,000 62% 60% • Utilisation supported by dynamic fleet relocation 1,600 58% 1,200 • Fleet OC slightly down to $1.85bn 56% 800 • Long te
Slide 17: Energy Business Unit Overview
Energy Business Unit Overview Waitsia, Perth Basin WA SGH Overview Industrial Services Energy Media Financials Priorities and Outlook 16
Slide 18: Beach Energy (30%) Highlights
Beach Energy (30%) Highlights Beach Energy FY25 FY24 Change • Production of 19.7mmboe up 9%, driven by 64% and Revenue ($m) $1,997 $1,766 +13% 91% uplift in Otway and Bass basins, respectively EBIT ($m) $684 $570 +20% • Revenue of $2.0b up 13% on higher production, realised EBIT Margin 34.2% 32.3% 1
Slide 19: SGH Energy Highlights
SGH Energy Highlights Crux (15.5%) Crux: Sub-Structure in Transit to Project Location • Backfill LNG project for Shell-operated Prelude FLNG, Browse basin, offshore WA • Project consists of 5 production wells, NNMP in ~165m water, 160km export pipeline • Development ongoing, drilling complete and su
Slide 20: Media
Media SGH Overview Industrial Services Energy Media Financials Priorities and Outlook 19
Slide 21: Media Highlights
Media Highlights Seven West Media (40%) • #1 total TV network for 5th consecutive year • Revenue down 4%, largely in line with advertising market • Revenue decline partially offset by 0.2% increase in total TV advertising share to 40.4% 3% reduction in operating expenses, supporting margins 1,354 •
Slide 22: SGH Finance
SGH Finance Richard Richards, SGH CFO 12th August 2025
Slide 23: Financials – Profit and Loss
Financials – Profit and Loss $m FY25 FY24 Change % Revenue - continuing operations 10,743.5 10,605.2 1.3% Other income 61.9 35.1 76.4% Share of results from equity accounted investees 183.2 157.5 16.3% Revenue and other income 10,988.6 10,797.8 1.8% Expenses (excluding depreciation, amortisation and
Slide 24: Financials – Significant Items
Financials – Significant Items $m FY25 FY24 Net gain on disposal of controlled entities - 76.3 Fair value adjustments arising from acquisition of Boral 11.9 (11.4) Costs incurred in relation to the Boral takeover - (14.4) Property EBIT (9.8) 4.6 Transformation and restructure costs (12.1) (6.7) Reme
Slide 25: Financials – Business Unit Earnings
Financials – Business Unit Earnings $m Total SGH WesTrac Boral Coates Energy Media Investments Corporate Revenue from continuing operations 10,743.5 6,099.6 3,602.5 1,040.7 0.7 - - - Statutory EBIT 1,099.9 638.6 474.3 277.4 (259.4) 2.0 (1.0) (32.0) Add: unfavourable significant items 448.6 - 5.1 12.
Slide 26: Financials – Cash Flow
Financials – Cash Flow $m FY25 FY24 Key Commentary Underlying EBIT 1,537.4 1,419.2 • Underlying operating cashflow of Add: depreciation and amortisation 508.9 510.7 $1,951m up 49% Underlying EBITDA 2,046.3 1,929.9 • SGH EBITDA cash conversion of 95%, up 27% (absolute), all three IS Operating cash fl
Slide 27: Financials – Balance Sheet
Financials – Balance Sheet $m FY25 FY24 Change % Trade and other receivables and Contract assets 1,537.4 1,524.7 0.8% Inventories 2,248.3 2,337.9 (3.8)% Assets held for sale 7.7 7.3 5.5% Investments 1,088.7 1,391.6 (21.8)% Property, plant and equipment 3,767.5 3,642.1 3.4% Oil and gas assets 882.3 6
Slide 28: Financials – Capital Management
Financials – Capital Management Net Debt and Leverage SGH Leverage History EBITDA Adjusted Net Debt Adjusted Net Debt/EBITDA • Net debt of $4.2b, down 3% YoY 4.0 5000 3.5 Adjusted ND to EBITDA Leverage reduced below 2x, highlighting SGH’s ability EBITDA and ND ($m) 4000 • 3.0 to rapidly delever thro
Slide 29: Priorities and Outlook
Priorities and Outlook Ryan Stokes AO, SGH MD & CEO 12th August 2025
Slide 30: SGH Closing and Outlook – FY26 Priorities
SGH Closing and Outlook – FY26 Priorities Operating excellence – four areas of focus across SGH SGH EBIT History ($m) and YoY Growth (%) 1800 • Cadence - structured operating cadence to ensure 1600 8% 20% accountability, consistency, and results 1400 20% 1200 • Sales effectiveness - underpinned by m
Slide 31: SGH Closing and Outlook – FY26 Guidance
SGH Closing and Outlook – FY26 Guidance Industrial Services Outlook • WesTrac: Services growth expected on robust customer activity, partially offset by a normalisation of Capital Sales • Boral: Operating momentum carried into FY26, growth expected through go-to-market improvement and ongoing cost e
Slide 32: Capital
Capital Capital Allocation Model Execution & growth Capital Allocation Criteria ry SaH Revenue, Earnings, Margin, Cashflow & Leverage Pe Detvering ROE ond TSR Outpertormance Capability ° Purpose Rscognising 2, IS 7 and serving ao - Sea” iscip\ S 2° a * ~ + PS Moxiige retunsto stakeholders ‘through l
Slide 33: Disclaimer
Disclaimer Basis of preparation of slides Included in this presentation is data prepared by the management of SGH Ltd (“SGH”) and other associated entities and investments. This data is included for information purposes only and has not been subject to the same level of review by the company as the