Slide 1: ASX cover letter: Investor Presentation 1H26 Results
18 February 2026 ASX Market Announcements ASX Limited 4th Floor, 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam, SCHAFFER CORPORATION LIMITED (ASX:SFC) INVESTOR PRESENTATION - 1H26 RESULTS Please find attached SFC’s Investor Presentation for the first half of the 2026 financial year. The Board has
Slide 2: FY26 Half-Year Results Presentation
FY26 Half-Year Results Presentation FEBRUARY 2026 Creating shareholder value through the efficient operation of our businesses and long-term growth in our investments
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Schaffer Corporation Limited ACN 008 675 689 (“The Company”). This presentation is for information purposes only and is not a prospectus or product disclosure statement, financial product or investment advice or a recommendation to acquire Schaffer C
Slide 4: Organisation Chart
Organisation Chart MANUFACTURING SOUTH CONNECT JANDAKOT GROUP INVESTMENTS JANDAKOT - SFC (100%) AND GOSH CAPITAL (83%) AUTOMOTIVE LEATHER (83% OWNED) ▪ 100% Owned ▪ Company Owned Property ▪ Finishing - Slovakia ▪ Syndicated Investment Property - Victoria, Australia ▪ A large strategic asset located
Slide 5: Group Consolidated Financial Performance
Group Consolidated Financial Performance Half-Year ending December ($m) 1H26 1H25 $ Change 1H26 Statutory NPAT1 decreased to $5.0m (1H25: $12.7m) Revenue $93.5 $112.3 ($18.8) 1▪ Automotive Leather: Profit of $4.6m (1H25: $7.8m). Sales Net Profit After Tax (NPAT)1 from: volumes reduced due to a cyber
Slide 6: Fully Franked Dividends
Fully Franked Dividends SFC is a consistent dividend payer ▪ The Board has declared a fully franked interim dividend of $0.45 per share, for shareholders on record on 6 March 2026, payable on 13 March 2026. 90 90 90 90 90 80 70 45 45 45 45 45 35 45 40 26 30 45 45 45 45 45 45 45 10 30 15 10 FY11 FY18
Slide 7: Cash Generated
Cash Generated Half-Year ending December ($m) 1H26 1H25 Cash generation of $10.5m (1H24: $18.4m) for 1H26 related to: NPAT 5.0 12.7 Change in Automotive Leather trade working capital 1 5.6 (0.5) 1 Reduced working capital movements from Automotive Leather Depreciation 4.9 4.5 mainly due to reduced ac
Slide 8: Group Net Debt Overview ($m)
Group Net Debt Overview ($m) MANUFACTURING GROUP INVESTMENTS South Syndicated Automotive SFC Gosh Total Total All amounts in $m Delta Connect Investment Leather Investments Capital Dec 25 Jun 25 Jandakot Properties Type of Debt: Bank and other debt (24.3) (1.7) (12.2) (1.4) (22.1) (7.8) (69.5) (72.9
Slide 9: Automotive Leather
Automotive Leather Half-Year ending December ($m) 1H26 1H25 Revenues decreased 3% to $81m (1H25: $84m) with profits1 decreasing to $4.6m (1H25: $7.8m) impacted by: Revenue $81.2 $84.1 ▪ JLR Cybersecurity – August 2025 to October 2025 Segment NPAT1 $4.6 $7.8 ▪ Initial understanding that this would be
Slide 10: Automotive Leather Outlook
Automotive Leather Outlook ▪ Our OEMs are in general reporting a challenging environment: ▪ JLR reported results which were severely impacted by cyber attack – expect strong recovery post cyber attack but called environment volatile. ▪ Mercedes expects revenues to be the same with stronger profits d
Slide 11: Delta
Delta Summary Half-Year ending December ($m) 1H26 1H25 ▪ Delta had a ($0.3m) loss (1H25: $4.2m profit): Revenue $6.0 $22.0 ▪ Tough industry environment Segment NPAT ($0.3) $4.2 ▪ Limited large-scale projects in Western Australia. ▪ Increased competition – pricing is more aggressive Outlook ▪ 2H26 pr
Slide 12: Total Investment Portfolio
Total Investment Portfolio4 $227.3 Pre-Tax Net Equity Value1 of $219m (June 2025: $219.0 $227.3m) or $16.12/share (June 2025: $16.73/share) $210.9 $27.4 $15.7 $191.7 $187.7 $18.9 ▪ SFC’s Total Investments represents a growing proportion of the $186.5 $38.4 $36.1 Group’s underlying assets and valuati
Slide 13: South Connect – Jandakot Logistics Estate
South Connect – Jandakot Logistics Estate South Connect Jandakot is a large strategic property asset located between two freeways and 15 minutes south of the Perth CBD. South Connect Jandakot is an institutional grade master planned estate, well located to benefit from the increased demand for logis
Slide 14: South Connect Jandakot
South Connect Jandakot Half-Year ending December ($m) 1H26 1H25 • A significant milestone, South Connect Jandakot will commence construction of its first building in February 2026. Revenue $0.5 $0.4 Segment NPAT $0.2 $0.2 • The first warehouse consists of ~13,500 sqm across three tenancies as a buil
Slide 15: South Connect Jandakot – Build to Lease Project
South Connect Jandakot – Build to Lease Project ▪ The first building will be ~13,500 sqm of warehouses across three tenancies which will be marketed for lease. ▪ The building is designed to be a: ▪ 13.7m high ESFR super prime warehouse with 10m awnings ▪ 9 tonne floor rating ▪ modern two-level corpo
Slide 16: Group Investments
Group Investments3 Half-Year ending December ($m) 1H26 1H25 ▪ We continue to grow the division opportunistically with the objective of maximising shareholder value over the medium and long-term. Revenue $5.9 $5.7 Segment NPAT1,2 $2.4 $2.1 ▪ Group Investments generated NPAT1 of $2.4m (1H25: $2.1m) ▪
Slide 17: Group Outlook – 2H26
Group Outlook – 2H26 Outlook Risk Factors The current environment has many potential risks and we remain cautious. ▪ Broader economic uncertainties, including tariffs and a global economic slowdown. ▪ Automotive Leather ▪ Adverse currency volatility for Automotive Leather ▪ Notwithstanding a slowing
Slide 18: Non-IFRS Financial Information
Non-IFRS Financial Information Schaffer Corporation Limited results are reported under As at Reconciliation of Net Debt ($000’s) International Financial Reporting Standards (IFRS) as issued by the Dec 2025 Jun 2025 International Accounting Standards Board. The Company Interest-bearing loans and borr
Slide 19: Appendix I - Group Investments – Pre-Tax Net Equity Value
Appendix I - Group Investments – Pre-Tax Net Equity Value1,2 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 HY26 HY26 HY26 Pre-Tax Net Equity Value1.2 % of ($m) ($m) ($m) ($m) ($m) ($m) ($m) ($m) ($m) ($m) Per Share Portfolio Property: Used by SFC Operations $19.6 $11.4 $11.4 $9.7 $9.7 $9.7 $10.1 $10.
Slide 20: Appendix II - Group Investments – Property Portfolio
Appendix II - Group Investments – Property Portfolio Notional Current SFC SFC Share of SFC Share Post-Tax Year Land Size Tax on Address Description Ownership Structure Lettable Ownership Market Value of Debt Net Equity Acquired (sqm) Capital Area (sqm) % ($m) ($m) Value ($m) Gain ($m) Property used
Slide 21: Appendix II - Group Investments – Property Portfolio
Appendix II - Group Investments – Property Portfolio Notional Current SFC SFC Share SFC Share Post-Tax Year Land Size Tax on Address Description Ownership Structure Lettable Ownership of Market of Debt Net Equity Acquired (sqm) Capital Area (sqm) % Value ($m) ($m) Value ($m) Gain ($m) Development Si