Emeco Holdings Limited · ASX:EHL
Emeco — Euroz Hartleys Conference 2026
20 slides from Emeco's conference presentation, Mar 18, 2026
Slide 1: Emeco Holdings Limited – Euroz Hartleys Conference
For personal use only Emeco Holdings Limited Euroz Hartleys Conference – Rottnest Island 18 March 2026 EMECOGROUP.COM
Slide 2: Important Notices and Disclaimers
IMPORTANT NOTICES AND DISCLAIMERS Reliance on third party information The information and views expressed in this Presentation were prepared by Emeco Holdings Ltd (the Company) and may contain information that has been derived from publicly available sources that have not been independently verified
Slide 3: Emeco – More Than Equipment Hire
For personal use only EMECO – MORE THAN EQUIPMENT HIRE EMECOGROUP.COM 3
Slide 4: Emeco – Much More Than Equipment Hire
EMECO – MUCH MORE THAN EQUIPMENT HIRE Our mid-life rebuild model and onsite service capability, combined with our asset management and condition monitoring technologies are our competitive advantage. Delivered through our national footprint of workshops and field service units, Emeco provides indust
Slide 5: Customer Value Proposition – Fully Maintained Service Model
CUSTOMER VALUE PROPOSITION – FULLY MAINTAINED SERVICE MODEL Asset Management & Condition Monitoring Full Suite of Services For personal use only • Fleet Optimisation • Cost and Capital Control • Predictive Maintenance • Real-Time Data • Customer Decision On-Site Maintenance Support • Driving Availab
Slide 6: Performance History – Half on Half
PERFORMANCE HISTORY – HALF ON HALF Higher contribution from capital light maintenance services supports rising ROC and cash flow Revenue ($M) 1 Operating EBITDA ($M) 2 Operating EBIT ($M) 2 Operating NPAT ($M) 2 For personal use only 421 46 46 383 387 398 155 155 77 77 38 348 68 33 35 61 65 146 143
Slide 7: Delivering Strong Financial Performance
DELIVERING STRONG FINANCIAL PERFORMANCE After resetting its strategy, Emeco has delivered stronger returns, significant free cash flow generation and a substantially stronger balance sheet over the past 2 – 3 years (since FY23). Return on Capital1 Operating Free Cash Flow2,3 Net Leverage4 For person
Slide 8: Maintenance Services Growth 1H26
MAINTENANCE SERVICES GROWTH 1H26 Low-capital workshop & maintenance services earnings have doubled over the last 12 months. Workshop and maintenance services now represent 50% of gross revenue1 and ~35% of gross operating EBIT2 and have been a key driver of stronger ROC and cash flow due to their lo
Slide 9: Our Maintenance Services Offering
OUR MAINTENANCE SERVICES OFFERING Asset Management & On-site Workshops Field Services Condition Monitoring Maintenance For personal use only • Smart technology Machine Learning/AI • Asset planning and condition Corporate Office monitoring Force Workshop services Emeco Rental • Equipment monitoring t
Slide 10: Strategy & Capital Management Priorities
For personal use only STRATEGY & CAPITAL MANAGEMENT PRIORITIES EMECOGROUP.COM 10
Slide 11: Strategic Priorities
STRATEGIC PRIORITIES Build on and grow our core. Diversify through capability-led expansion Key Enablers Strengthen and optimise the core (Target 20%) Deep customer relationships For personal use only • Use operating leverage to target 20% ROC and increased cash generation • Maximise competitive adv
Slide 12: Our Capital Management Priorities
OUR CAPITAL MANAGEMENT PRIORITIES For personal use only Strengthen Core TARGET: • Maintenance capex • Balance sheet strength NET DEBT / EBITDA 0.5 – 1.0x Organic Growth • High return initiatives • Disciplined capital allocation • Increased productivity/cost efficiency • Flexibility to: • Fleet core
Slide 13: Targeting +20% ROC and Improved Cash Generation
TARGETING +20% ROC AND IMPROVED CASH GENERATION Good operational leverage within the business to achieve 20% ROC target and increased free cash flow. ROC capable of exceeding 20% through organic maintenance services growth and inorganic growth in rental and maintenance services. For personal use onl
Slide 14: 2H26 Outlook
For personal use only 2H26 OUTLOOK EMECOGROUP.COM 14
Slide 15: 2H26 Outlook
2H26 OUTLOOK • 2H26 will focus on: For personal use only • Continued strong safety record • Ongoing improvement of financial metrics – ROC, cash flow • Increasing fleet utilisation • Growth in our fully maintained rental projects • Expansion of our maintenance services offering • Continuing to build
Slide 16: Appendices: Reconciliations Statutory to Non-IFRS Disclosure
For personal use only APPENDICES: RECONCILIATIONS STATUTORY TO NON-IFRS DISCLOSURE EMECOGROUP.COM 16
Slide 17: Reconciliations – Statutory to Non-IFRS Disclosure
RECONCILIATIONS – STATUTORY TO NON-IFRS DISCLOSURE 1H25 1H26 Statutory to operating reconciliation Statutory to operating reconciliation For personal use only $M NPAT EBIT EBITDA $M NPAT EBIT EBITDA Statutory 33.6 61.5 139.3 Statutory 38.7 65.8 144.9 Tangible asset impairment 0.3 0.3 - Tangible asse
Slide 18: Reconciliations – Statutory to Non-IFRS Disclosure
RECONCILIATIONS – STATUTORY TO NON-IFRS DISCLOSURE Cash flow reconciliation Net debt and leverage reconciliations $M 1H25 1H26 30 June 31 December $M 2025 2025 For personal use only Operating EBITDA 145.8 155.5 AMTN AUD secured notes 250.0 250.0 Working capital (9.7) 11.3 Revolving credit facility -
Slide 19: Reconciliation: Maintenance Earnings
RECONCILIATION: MAINTENANCE EARNINGS Revenue FY22 FY23 FY24 1H25 2H25 FY25 1H26 Force - External [A] 90.6 156.5 166.2 87.1 82.9 170.0 78.5 Force - Internal [B] 83.1 90.2 116.2 55.5 48.0 103.5 62.1 Force Gross Revenue 173.7 246.7 282.4 142.6 130.9 273.5 140.5 Elimination - 83.1 - 90.2 - 116.2 - 55.5
Slide 20: Thank You
Thank You Investor enquiries: For personal use only Theresa Mlikota Chief Financial Officer Investor.relations@emecogroup.com emecogroup.com EMECOGROUP.COM 20