Alfabs Australia Ltd. · ASX:AAL
Alfabs Australia — FY2026 Earnings Presentation
31 slides from Alfabs Australia's earnings presentation, Aug 27, 2026
Slide 1: FY26 Results
ALFABS A U S T R A L I A FY26 Results August 2026 Alfabs Australia Limited 27 August 2026
Slide 2: Important Notice and Disclaimer
A L F A B S AUSTRALIA Important Notice and Disclaimer This presentation, any information contained within it and any information supplied in connection with the presentation (the Presentation) has been prepared by Alfabs Australia Limited ACN 674 455 442 (Alfabs or Company) and contains general back
Slide 3: Important Notice and Disclaimer (continued)
A L F A B S AUSTRALIA Important Notice and Disclaimer (continued) Financial Information The financial information contained in this Presentation is unaudited unless otherwise stated. Recipients are cautioned therefore to not place any reliance on the financial information. Forward Looking Statements
Slide 4: Welcome & Introduction
Welcome & Introduction Matt Torrance | Managing Director & CEO A L F A B S AUSTRALIA
Slide 5: Safety
A L F A B S AUSTRALIA Safety Material improvement in safety performance over 2026. TRIFR(1) by quarter – FY26 c.-62% 230 consecutive days without a lost time injury (LTI) • Significant improvement in safety performance during H2 FY26, a 62% reduction in recordable injuries. • Reflects the continued
Slide 6: Supporting the Local Community
A L F A B S AUSTRALIA Supporting the Local Community Two community partnerships — backing the next generation and rescue services the region relies on C L O N TA R F F O U N D AT I O N W E S T PA C R E S C U E H E L I C O P T E R 12,500 1,100 25 $656k Students in program Year 12 on track Years of pa
Slide 7: Agenda
A L F A B S AUSTRALIA Agenda Operational Performance 01 Financial Performance & Guidance 02 03 Q&A Alfabs Australia Limited | FY26 Results | August 2026
Slide 8: Operational Performance
01 Operational Performance Matt Torrance | Managing Director & CEO A L F A B S AUSTRALIA
Slide 9: Improvement in H2 FCF strengthening the Balance Sheet and Advances Dividend Reinstatement
A L FA B S AUSTRALIA Improvement in H2 FCF strengthening the Balance Sheet and Advances Dividend Reinstatement FY26 results summary Mining — Daily Hire Rate(3) Engineering — Work in Hand(4) Safety $79.1k $11.6m 230 Up 14% on FY2025 Down 55% on FY2025 Consecutive days without a Lost Time Injury EBITD
Slide 10: Key Messages
A L F A B S AUSTRALIA Key Messages We are delivering on our plan. • The turnaround is working. • The underlying business fundamentals remain strong. • Significant progress made towards delivering on our 2x - 3x FCF improvement target. • Maximum shareholder value will be created through reinvestment
Slide 11: From Reset to Execution
ALFABS AUSTRALIA From Reset to Execution Delivering on the plan – as set out at the 11 June 2026 Investor Day What we have done A review of the business in January resulted in a business reset as presented at the Investor Day (11 June 2026). The scorecard below tracks delivery against our commitment
Slide 12: Mining Division including Shell Program
ALFABS AUSTRALIA Mining Division including Shell Program 2026 Performance Shell Program — Build and Allocation Status $23.9m As at 30 June 2026, updated for the CM04 hire agreement (24 July 2026) Equipment Unit ref Build status Hired or Sold FY26 EBITDA Continuous Miner CM04 Complete Up 2% vs FY2025
Slide 13: Engineering Division
ALFABS AUSTRALIA Engineering Division 2026 Performance $5.5m FY26 EBITDA Down 15% vs FY2025 Operational Delivery ▪ EBITDA declined however off the back of a record year in FY25 ▪ Achieved highest level registration in QLD for government steel fabrication supply ▪ Contracted work in hand of $11.6m as
Slide 14: Financial Performance & Guidance
02 Financial Performance & Guidance Peter White | CFO A L F A B S AUSTRALIA
Slide 15: Underlying business trending positively despite lower year on year earnings
A L FA B S AUSTRALIA Underlying business trending positively despite lower year on year earnings FY26 results summary Revenue EBITDA(5) Net Profit After Tax(5) $105.7m $22.6m $5.2m up 11% on FY2025 down 19% on FY2025 down 57% on FY2025 Free Cash Flow(2) Net Debt(6) Leverage(7) $5.7m $36.6m 1.7x Flat
Slide 16: CFO Key Messages
A L F A B S AUSTRALIA CFO Key Messages Business improvement initiatives are delivering. Debt restructuring critical enable future growth and delivery of returns to shareholders Disciplined growth remains the most value-accretive pathway for shareholders. Debt restructuring significantly progressed.
Slide 17: Free Cash Flow
A L F A B S AUSTRALIA Free Cash Flow Material improvement in free cash flow generation in H2 following business restructuring FCF generation & EBITDA conversion Reported FCF trend FY26 ($m) 4.1 16 80 14 70 13 60 12 11 50 10 40 8 13 30 11 6 6 6 20 0.8 0.8 5 10 0 1 0 FY23 FY24 FY25 FY26 FY27E FY28E H1
Slide 18: EBITDA
EBITDA(5) A L F A B S AUSTRALIA FY2026 restructuring to deliver a stable re-baselined business FY 2025 to FY 2026 EBITDA Bridge ($m) (1.0) (4.0) 22.6 2.5 (2.5) 27.6 FY 2025 Engineering Labour absorption Increased overheads Malabar ramp up FY 2026 prior to H2 restructure COMMENTARY • Engineering – do
Slide 19: Capital Allocation Framework
A L F A B S AUSTRALIA Capital Allocation Framework Maximum shareholder value will be created through reinvestment in the business, the earnings growth it drives, and the re-rating that follows. $ → Investment ↻$ 1 Growth Investment (Disciplined and within debt limits) Where hurdle rates are exceeded
Slide 20: Net Debt
A L F A B S AUSTRALIA NET DEBT Increased with investment in additional mining hire fleet assets to drive future growth. Trend slowed, then reversed in Q4 FY26 on improved FCF generation. Net Debt ($m) – FY25 to FY26 3.7 (4.9) (0.8) 4.9 12.9 37.8 36.6 20.8 FY25 Growth Capex Dividend FCF H1FY26 (Dec 2
Slide 21: Finance Facility Restructure
A L F A B S AUSTRALIA Finance Facility Restructure Phase 1 refinancing completed; Phase 2 aimed at improving flexibility to run the business in line with the new capital allocation framework. Alfabs Finance Funding Mix & Debt Maturity Profile as at FY26 ($m) Gross Drawn Debt as at FY26 $50.1m Split
Slide 22: Alfabs Investment Proposition
A L F A B S AUSTRALIA Alfabs Investment Proposition Six foundations underpinning a shareholder value and Alfabs share price. 01 Highly cash-generative mine 02 Engineering upside 03 Hard to replicate capability hire >$15m ~50% 3x – 5x Free cash flow per annum of group revenue. Capital light, geared t
Slide 23: Pathway to Dividend Reinstatement
A L F A B S AUSTRALIA Pathway to Dividend Reinstatement 6 of 7 Milestones required to reinstate dividends completed. Debt restructuring well underway. Milestones required to be achieved to reinstate dividend Status 1 Cash Buffer Established and Phase 1 Facility Restructure Completed ✓ 2 Cost Savings
Slide 24: Closing Messages
A L F A B S AUSTRALIA Closing Messages Key takeaways Disciplined growth is the most value-accretive pathway for shareholders. Focusing on cash generation and capital allocation is how we will deliver it. 01 02 03 04 FY2026 was a turnaround year Business improvement initiatives are Underlying busines
Slide 25: Q&A
03 Q&A Matt Torrance | Managing Director & CEO Peter White | CFO A L F A B S AUSTRALIA
Slide 26: Thank you.
A L F A B S A U S T R A L I A · F Y 2 6 R E S U L T S · A U G U S T 2 0 2 6 Thank you. INVESTOR RELATIONS Rebecca Culbertson Clayton Freeman alfabs.com.au EMAIL investorrelations@alfabs.com.au PHONE 02 4936 5000 Alfabs Australia Limited | FY26 Results | August 2026
Slide 27: 2026 Annual Results – Footnotes
A L F A B S AUSTRALIA 2026 Annual Results Footnotes (1) Total Recordable Injury Frequency Rate per million hours worked (2) Free Cash Flow (FCF) defined as EBITDA less Interest Paid, Income Tax Paid, Lease Payments, Working Capital Funding and Maintenance Capital Paid. Refer reconciliation slide. (3
Slide 28: 2026 Additional Data
A L F A B S AUSTRALIA 2026 Additional Data Additional information & support for terms and references used throughout this presentation 1) Underlying EBITDA and NPAT to Reporting Reconciliation ($m) 2) Free Cash Flow Reconciliation EBITDA $m NPAT $m $m Reported result 17.5 1.6 Reported EBITDA $17.5 A
Slide 29: Leadership Team
A L F A B S AUSTRALIA Leadership Team Founder-led management team with deep operational and financial expertise. EXECUTIVE LEADERSHIP Matthew Torrance Peter White Chief Executive Officer & Director Chief Financial Officer & Director 30+ years at Alfabs. Started as apprentice boilermaker in 1980s. Re
Slide 30: Market Thematics: Global Coal Consumption Remains Resilient
A L F A B S AUSTRALIA Market Thematics: Global Coal Consumption Remains Resilient Record high in 2025 | Plateau through 2030 — energy security now supporting near-term coal demand 2024 Global Demand (record) 2025 Global Demand (actual) Met Coal 2025 Consumption 8,805 Mt ↑1.4% on 2023 ~8,835 Mt ↑0.4%
Slide 31: Customer Footprint Embedded in East Coast Underground Coal
A L F A B S AUSTRALIA Customer Footprint Embedded in East Coast Underground Coal Three workshops embedded in the NSW and QLD coal regions — serving the East Coast underground coal market. THE CUSTOMER BASE 26 9 1 Mtpa+ underground underground + each — minimum mines surface mines production scale DEM