Slide 1: FY25 Results Presentation
FY25 Results Presentation August 2025
Slide 2: Important notice and disclaimer
Important notice and disclaimer This presentation and these materials (together the “Presentation”) have been prepared by Perenti You should consult your own advisors as to legal, tax, financial and related matters and conduct Limited ABN 95 009 211 474 (ASX:PRN) (“Perenti”) as a summary of Perenti’
Slide 3: Who we are, what we do
Who we are, what we do At Perenti, our purpose is to create enduring value and certainty. We empower our diverse and talented people, care for our communities and collaborate with our clients to deliver smarter solutions for a better future. Ultimately our focus on our people, communities and client
Slide 4: FY25 | Record results set the foundation for future growth
FY25 | Record results set the foundation for future growth REVENUE EBITDA EBIT(A) • Record revenue, EBITDA and EBIT(A), underpinned by improved $3.5B $668M $333M operational performance. p 4% on FY24 p 4% on FY24 p 6% on FY24 • EBIT(A) margin improved to 9.6%, up from 9.4% in FY24. • Record underlyi
Slide 5: FY25 | Another year of meeting or exceeding guidance
FY25 | Another year of meeting or exceeding guidance 1 Revenue Underlying EBIT(A) 3,600 400 Initial Guidance Initial Guidance 3,200 350 2,800 300 2,400 250 2,000 3,490 200 1,600 3,342 2,880 314 333 150 1,200 2,438 264 800 100 176 400 50 0 0 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 2 Leverage Group fi
Slide 6: People | Safety of our people is our first priority
People | Safety of our people is our first priority Our people drive our performance and are fundamental to the success of our business. Our goal for no adverse physical or psychological life-changing events is supported by a continuous development approach. This strengthens our culture of excellenc
Slide 7: Group Performance | Consistent growth sets new records
Group Performance | Consistent growth sets new records REVENUE EBITDA EBIT(A) EBIT(A) Margin $3,490M p 4% vs FY24 $668M ▲ 4% vs FY24 $333M ▲ 6% vs FY24 9.6% ▲ 16 bps vs FY24 3,490 668 333 3,342 645 314 9.4% 9.6% 2,880 553 9.2% 264 FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 • Group p
Slide 8: Contract Mining | Scale delivers consistent performance
Contract Mining | Scale delivers consistent performance REVENUE EBITDA EBIT(A) EBIT(A) Margin $2,519M ▼ 0.9% vs FY24 $522M ▼ 0.6% vs FY24 $286M ▼ 0.3% vs FY24 11.4% ▲ 7 bps vs FY24 2,479 2,542 2,519 12.3% 304 538 525 522 287 286 11.3% 11.4% FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25
Slide 9: Drilling Services | Excellent performance in a challenging market
Drilling Services | Excellent performance in a challenging market REVENUE EBITDA EBIT(A) EBIT(A) Margin $778M ▲ 30% vs FY24 $158M ▲ 43% vs FY24 $84M ▲ 66% vs FY24 10.8% ▲ 231 bps vs FY24 84 778 158 10.8% 598 8.5% 110 7.3% 51 203 34 15 FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 • Dri
Slide 10: Mining and Technology Services | Turnaround continues
Mining and Technology Services | Turnaround continues REVENUE EBITDA EBIT(A) EBIT(A) Margin $193M ▼ 5% vs FY24 $31M ▼ 41% vs FY24 $12M ▼ 55% vs FY24 6.0% ▼ 662 bps vs FY24 25 53 47 12.6% 198 202 19 193 9.4% 36 31 12 6.0% 7 3.7% FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 • The rename
Slide 11: Financial Results | Underlying profit and loss
Financial Results | Underlying profit and loss $M1 FY24 FY25 Change • The group results were underpinned by: Revenue 3,342 3,490 p 4% • consistent performance from Contract Mining, our largest division; • a record year from Drilling Services showing the full integration benefits EBITDA 645 668 p 4%
Slide 12: Financial Results | Statutory reconciliation to underlying
Financial Results | Statutory reconciliation to underlying $M REVENUE EBITDA EBIT NPAT Statutory Results 3,489.5 665.9 285.3 137.8 • The non-cash amortisation of $45.3 million in relation to customer related intangibles will reduce in FY26 to circa $30 Amortisation of customer related intangibles (C
Slide 13: Financial Results | Cash flow and cash conversion
Financial Results | Cash flow and cash conversion $M FY24 FY25 Change Operating cash flows (before interest and tax) 633.4 658.9 p 4% 1 • Cash conversion of 99% illustrates the ongoing focus on working Operating cash conversion 98% 99% p 36 bps capital management. Net interest paid (61.0) (65.7) p 8
Slide 14: Financial Results | Balance Sheet
Financial Results | Balance Sheet ($M) 30 Jun 2024 30 Jun 2025 30 Jun 2024 30 Jun 2025 Cash and cash equivalents 459 481 Net Debt ($M) 469 305 Trade and other receivables 509 569 Gearing ratio1 20.8% 14.0% Inventories 282 289 Leverage2 0.7x 0.5x Property, plant and equipment 1,270 1,200 Right-of-use
Slide 15: Free cash generation supports long-term value creation
Free cash generation supports long-term value creation • Perenti is consistently delivering strong free cash flow1, delivering another new record of $286 million in FY25. • This result was assisted by the sale of equipment and inventory in Botswana of $92 million but, even on a normalised basis, und
Slide 16: Framework for capital allocation
Framework for capital allocation • Efficient and disciplined allocation of capital is a key focus in generating long-term returns for shareholders. • Successive years of effective capital allocation has built the foundation for the strong free cash flow that the business is delivering. • The framewo
Slide 17: Outlook | Work in hand and Pipeline
Outlook | Work in hand and Pipeline • Work in hand increased by $1.4 billion to $6.5 billion on successful conversion of more than $4 billion worth of contracts during FY25. • Significantly, the pipeline of opportunity remains strong in all current operating regions with $17.4 billion identified. Wo
Slide 18: Introducing our refreshed strategic approach
Introducing our refreshed strategic approach Our Objective Through effective management of a portfolio of businesses that support our clients, we safely generate consistent and strong cash flows through economic cycles to create superior shareholder returns and support long-term growth. What We Valu
Slide 19: Our strategy is focused on delivering enduring value
Our strategy is focused on delivering enduring value Perenti Group The Business Value Strategy Perenti Way Performance Creation • Integrated strategic • Decentralised operating • Divisions deliver operational • Ongoing earnings growth framework model with corporate excellence • Strong free cash flow
Slide 20: FY26 | Another year of strong free cash generation ahead
FY26 | Another year of strong free cash generation ahead Multiple years of growth and leverage reduction has built a portfolio of businesses that is resilient to economic cycles with significant scale and free cash flow generation, enabling: • Increased capital expenditure in FY26 to support earning
Slide 21: Thank you
Thank you 21
Slide 22: Appendix: FY25 revenue breakdown
Appendix: FY25 revenue breakdown Revenue by Project (%) Group Contract Mining Drilling Services Mining and Technology Services1 Top Project 7% 10% 8% 71% Top 2 – 10 projects 43% 59% 36% 21% Top 11-20 projects 20% 26% 19% 6% All others 30% 6% 37% 2% Revenue by Country/Region (%) Australia 50% 36% 92%
Slide 23: Our history | Proud beginnings created by our Founders
Our history | Proud beginnings created by our Founders 1980 - 1989 1990 - 1999 2000 - 2009 2010 - 2019 2020 -2029 2023 1987 1993 1998 2012 2018 2019 2021 2007 PERENTI FOUNDED IN FORMED AFRICAN ACQUIRED ACQUIRED PERENTI LAUNCHED FOUNDED ACQUIRES KALGOORLIE AFRICAN SUPPORT BTP 100% ESTABLISHED IDOBA A