Fdc Consolidated Holdings Ltd. · ASX:FDC
Fdc Consolidated — FY2026 Earnings Presentation
33 slides from Fdc Consolidated's earnings presentation, Aug 27, 2026
Slide 1: 2026 Results Presentation
FDC Consolidated Holdings Limited (ASX:FDC) 2026 RESULTS PRESENTATION 27 August 2026
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER General information Non -IFRS financial information This presentation contains summary information about FDC Consolidated Holdings This presentation includes certain non -IFRS financial measures, including Limited (FDC) and its activities and should be read together w
Slide 3: Agenda
AGENDA 2026 Highlights 04 Financial Performance 09 Diversification & Delivery 18 Outlook 23 Appendix 27 3
Slide 4: 2026 Highlights
01 2026 HIGHLIGHTS
Slide 5: Performance, IPO Transition, Outlook
2026 IPO 2027 PERFORMANCE TRANSITION OUTLOOK DOUBLE DIGIT $2.5BN TRANSITIONED FROM WORK IN HAND REVENUE AND PRIVATE TO PUBLIC EARNINGS GROWTH STRONG CASH SUPPORTING MARGIN GENERATIO N AND 89% OF 2027 RESILIENCE BALANCE SHEET FORECAST REVENUE STRENGTH MAINTAINED DIVERSIFICATION GUIDANCE ACROSS SEGMEN
Slide 6: 2026 Financial Highlights
2026 FINANCIAL HIGHLIGHTS Maiden full year result delivered slightly ahead of pro forma prospectus forecast REVENUE EBIT 1 EBIT MARGIN 1 $1.69bn $91.7m 5.4% 13% vs 2025 3 19% vs 2025 3 0.2% vs 2025 3 PF forecast 2 $1.67bn PF forecast 2 $89.4m PF forecast 2 of 5.4% NPAT 1 NET CASH WORK IN HAND $70.8m
Slide 7: Disciplined Growth
DISCIPLINED GROWTH 36 -year track record of disciplined revenue growth and margin delivery $1.8bn $1.6bn $1.4bn $1.2bn Revenue ($bn) $1.0bn 2015 2013 ACT $0.8bn WA $0.6bn 2008 QLD $0.4bn 1990 1997 2014 NSW VIC SA $0.2bn $0.0bn 2011 1991 2017 1997 2012 2021 1992 2015 1995 2013 1993 2018 1998 2014 201
Slide 8: A Diversified Business
A DIVERSIFIED BUSINESS National scale, diversified earnings and deep client relationships underpin consistent delivery 60% $1,018m $2bn 40% $672m $517m Fitout & Construction 2026 Revenue Work in hand 2026 Revenue Work in hand Refurbishment NATIONAL DIVERSIFIED RELATIONSHIP DISCIPLINED SCALE PLATFORM
Slide 9: Financial Performance
02 FINANCIAL PERFORMANCE
Slide 10: Earnings Performance
EARNINGS PERFORMANCE Double -digit revenue and earnings growth, with gross and EBIT margins maintained or improved $m 2026 1. 2025 2. Variance . FDC delivered a solid year -on -year result: Revenue 1,691 . 1,494 . 13.2% . • Revenue growth of 13.2% driven by double digit growth in both Gross Margin 1
Slide 11: Construction Segment Overview
CONSTRUCTION SEGMENT OVERVIEW Construction growth across the Eastern Seaboard, driven by expanded capability and the ability to deliver more mid -to-large -scal e projects simultaneously Revenue ($m) Gross margin ($m,%) Gross margin contribution by Total Contract Value 140 12.0% 1,018 10.6% 9.7% 15%
Slide 12: Fitout & Refurbishment Segment Overview
FITOUT & REFURBISHMENT SEGMENT OVERVIEW Resilient Fitout & Refurbishment platform delivering solid growth across the Eastern Seaboard Revenue ($m) Gross margin ($m,%) Gross margin contribution by Total 672 Contract Value (%) 100 14.0% 603 90 12.0% 5% 5% 80 10.0% 8% 8.9% 10.0% 22% 70 17% 60 8.0% 18%
Slide 13: Proven Regional Replication
PROVEN REGIONAL REPLICATION Clear continued national expansion opportunity supported by addressable market, competitive landscape and a demonstrated exec uti on track record How the NSW formula is reapplied Successful application of the formula in QLD, SA & VIC Sharp focus Separate Construction and
Slide 14: In Line With Expectations
IN LINE WITH EXPECTATIONS 2026 delivered slightly ahead of forecast across revenue, EBIT, NPBT and NPAT $m 2026A 1. 2026F 2. Variance . FDC delivered numbers slightly ahead of prospectus forecast Revenue 1,691 . 1,666 . 1.5% . Gross Margin 167.3 . 166.1 . 0.8% . • Revenue marginally ahead by $24.6m
Slide 15: Reconciliation of Statutory EBIT to Normalised EBIT
RECONCILIATION OF STATUTORY EBIT TO NORMALISED EBIT 2026 2026F 2025 Statutory after -tax loss of $58.2m Review of operations $'000 $'000 $'000 driven by one -off legacy Employee Share Scheme (ESS) settlement Statutory result after tax attributable to the owners of FDC Consolidated Pty Ltd (58,202) (
Slide 16: Strong Cash Conversion
STRONG CASH CONVERSION Capital -light model consistently delivering >100% operating cash conversion, supporting growth and shareholder distributions Group Cash Flow $m 2026 1 2026F 2 2025 3 • Continued >100% cash conversion EBIT 91.7 . 89.4 . 77.2 . Depreciation 1.9. 1.8. 1.5. • 2026 conversion perc
Slide 17: Balance Sheet Strength Maintained
BALANCE SHEET STRENGTH MAINTAINED Strong cash generation supported a robust $362.5m net cash position at year end Settlement Net Primary Statutory . ESS raise post Normalised . • Strong net cash and balance sheet maintained through the Group Net Asset Position $m 2026 . Liability* IPO** 2026 . trans
Slide 18: Diversification & Delivery
03 DIVERSIFICATION & DELIVERY
Slide 19: Diversified Growth
DIVERSIFIED GROWTH Growth across segments, geographies and sectors underpins a scalable and resilient business model Revenue by Segment ($m) Revenue by Geography ($m) Revenue by Sector (%) 1,691 1,691 13% 17 66% 10% 7% 1,494 69 33% 3% 1,494 1% 4% 117 4% 10 (21)% 3% 7% 52 11% 10% 672 149 314 14% 11%
Slide 20: Projects
PROJECTS 2026 delivery highlights across sectors, scale and complexity Macquarie University Engineering Visy Production building and ASRS building, QLD Australia Institute of Company Innovation Building, NSW Directors (AICD) Workplace, VIC Education Industrial Commercial • $130m transformative educa
Slide 21: Projects
PROJECTS FY26 delivery highlights across sectors, scale and complexity The Cutaway Barangaroo, NSW Autex Australia, Essendon Fields, VIC Westpac, One Festival Tower, SA Government Industrial Commercial • $100m landmark cultural development • $22m industrial manufacturing development • $29m premium w
Slide 22: Operational Highlights
OPERATIONAL HIGHLIGHTS ~66% ~650 14% 732 Of work via ECI / Employee shareholders Females in project Staff nationally Negotiated pathway post -IPO delivery roles Gift offer + employee offer 20% total females across 724 at prospectus date participation business 1.69 ~2,708 14 $1.5m LTIFR (FY22 –26) Ac
Slide 23: Outlook
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Slide 24: Diversified Work in Hand
DIVERSIFIED WORK IN HAND WIH 2 of $2.5bn at 30 June 2026 underpins 89% of 2027 prospectus forecast revenue 2.5 WIH split by segment 1 ($bn) • WIH of $2.5bn at 30 June 2026 0.5 1.3 1.3 • WIH has increased from $2.4bn at 30 April 2026 with new project wins continuing to exceed delivered revenue 0.3 0.
Slide 25: Outlook
OUTLOOK Strong revenue visibility, a diversified pipeline and 2027 prospectus forecasts reaffirmed 2027 5.3% 70 -90% $1.9bn $100m Supporting 89% of 2027 Prospectus EBIT margin 2 Dividend payout Revenue EBIT 2 forecast revenue forecast (0.1% vs 2026 1) of NPAT COMMENTARY $22bn Pipeline Organisational
Slide 26: Questions
QUESTIONS
Slide 27: Appendix
05 APPENDIX
Slide 28: Appendix
APPENDIX A Normalised Operating Expenses B FDC’s Key Differentiators C Made personal Client Proposition D Disciplined Growth With Multiple Proven Levers 28
Slide 29: A. Normalised Operating Expenses
A.NORMALISED OPERATING EXPENSES Reconciliation of statutory operating expenses to $75.7m normalised operating expenses, adjusting for IPO -related and other non -recurring items 2026 2026F 2025 Review of operations $'000 $'000 $'000 Statutory result for operating expenses 206,831 . 224,545 . 64,491
Slide 30: B. FDC's Key Differentiators
B.FDC’S KEY DIFFERENTIATORS 01 National footprint & capabilities 02 Highly diversified 03 Deep client and subcontractor relationships 04 Made Personal : Consistently deliver on our client proposition 05 Distinct culture 06 Disciplined project selection and rigorous approach to risk management 30
Slide 31: C. FDC Made Personal Client Proposition
C.FDC MADE PERSONALCLIENT PROPOSITION Consistent client experience and delivery capability, combined and applied at scale Our client proposition Delivery capability Client experience Made personal Reputation for: • Accessible • Quality delivery combined with • Complexity • Competence • People and re
Slide 32: D. Disciplined Growth With Multiple Proven Levers
D.DISCIPLINED GROWTH WITH MULTIPLE PROVEN LEVERS Multiple levers underpin a disciplined and tested growth strategy 32
Slide 33: www.fdcgroup.com.au
FDC Made personal www.fdcgroup.com.au
Fdc Consolidated Holdings — FY2026 Earnings Presentation on 6ix