Slide 1: FY25 Results Presentation
Duratec Limited FY25 Results Presentation Wednesday, 27 August 2025
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer This presentation has been prepared by Duratec Limited (ACN 141 614 075) ("Duratec", "Duratec Group" and the "Company"). The information contained in this presentation is for information purposes only. The information contained in this presentation is not investment or
Slide 3: Speakers
Chris Oates Managing Director Speakers Ashley Muirhead Meet our executives Chief Financial Officer Ollie McKeon Executive Manager – Corporate, Strategy & Investor Relations
Slide 4: Business History
Business History Growth over 15 years RC Construction (DDR) KEY BUSINESS DRIVERS AsClear • Aged infrastructure A&B CAGR1 Welding (WPF) GFE • Asset capacity expansion (WPF) • Growing asset markets 30.2% WPF Listed on ASX Spatial KEY MARKET SECTORS DDR Division • Defence Australia • Mining & Industria
Slide 5: Our Portfolio
Our Portfolio Duratec Limited | FY25 Results Presentation | 27 August 2025 5
Slide 6: FY25 Financial Highlights
FY25 Financial Highlights $573.0m $53.0m Revenue1 EBITDA2 ↑3.1% on FY24 $555.8m ↑11.3% on FY24 $47.6m FY25 Revenue by Operating Segment $22.8m 9.10c NPAT Earnings Per Share3 ↑6.5% on FY24 $21.4m ↑5.0% on FY24 8.66c 4.25c $84.0m Dividend4 Cash Per share, fully franked ↑28.8% on FY24 $65.2m Note 1: Re
Slide 7: Financial Results
Financial” Results
Slide 8: FY25 Financial Results
FY25 Financial Results • Record revenue result with an outstanding performance from both the Energy sector and Emerging sectors due to WPF's continued expansion and a significant increase in revenue from Infrastructure and Marine projects. • Improved average gross margin at 18.6% for FY25 which was
Slide 9: Cash Flow
Cash Flow Strong Cash Conversion Investment in Growth Solid Return to Shareholders 98% • $14m in Plant & Equipment $9.4m of cash dividends paid during FY25 Operating cash flow before interest • $3.4m in Business Acquisitions and tax to EBITDA1 Note 1: Refers to Normalised EBITDA, which accounts for
Slide 10: Balance Sheet Summary
Balance Sheet Summary • Balance sheet continued to strengthen during FY25 with Net Assets increasing by 25.7% to $74.3m. • Trade debtors continues to be well-managed, with the decrease in FY25 representing the improved collections. • Right of use assets and the related property lease liabilities inc
Slide 11: Operational Highlights
Operational Highlights
Slide 12: Safety & Sustainability
Safety & Sustainability • Workforce grew to 1,265 People & Culture • Expansion of People & Culture function to Eastern States Our People • Company-wide Employee Survey guiding FY26 initiatives • 83% increase in apprenticeships and traineeships completed • TRIFR increased to 5.80 and LTIFR increased
Slide 13: Defence
Defence Performance $181.4m $23.6m 13% Revenue Gross Profit Gross Margin ↓17.6% on FY24 $220.2m No change on FY24 Up from FY24 11% • Improved gross margin reflects disciplined cost management, operational efficiency • Timing delays, particularly Estate Works Program awards, expected to strengthen FY
Slide 14: Mining & Industrial
Mining & Industrial Performance $136.6m $27.8m 20.3% Revenue Gross Profit Gross Margin ↓12.2% on FY24 $155.6m ↓17.3% on FY24 $33.6m Down from FY24 22% • Successfully completed BHP’s Berth C&D project at Finucane Island, more opportunities presenting for MEnD and Duratec for future works • $44m struc
Slide 15: Building & Facade
Building & Facade Performance $111.9m $20.6m 18.4% Revenue Gross Profit Gross Margin ↑0.5% on FY24 $111.3m ↓1.4% on FY24 $20.9m Down from FY24 18.8% • Strategic focus on broadening service offerings, leveraging expertise in both remediation and new construction projects • Enhanced market position wi
Slide 16: Energy
Energy Performance $82.5m $23.9m 28.9% Revenue Gross Profit Gross Margin ↑77% on FY24 $46.6m ↑56.2% on FY24 $15.3m Down from FY24 32.9% • Critical heat-exchanger maintenance works at Inpex Ichthys Facility in Darwin • Completed tie-in of new pipeline infrastructure supporting Santos’ Barossa Project
Slide 17: Emerging Sectors
Emerging Sectors Performance $60.6m $10.5m 17.3% Revenue Gross Profit Gross Margin ↑175.5% on FY24 $22.0m ↑288.9% on FY24 $2.7m Up from FY24 12.4% • Significant uplift underpinned by strong growth across Marine and Water Infrastructure • Strategic decision to leverage WA marine capabilities national
Slide 18: Highlights and Outlook
Highlights • Relocated to a new office and custom laboratory in East Perth, enhancing service capacity • Launched 3D reality modelling project for Flinders Ports • Secured first Bass Strait project to conduct testing on a concrete gravity-based offshore oil and gas platform • Continued to excel in M
Slide 19: Highlights and Outlook
Highlights • FY25 Revenue1 of $58.9m, gross profit of $17m • Relocated to a 12,000m2 facility at Naval Base, WA • Strategic expansion of in-house and complex service offerings • Completed Darwin LNG Pipeline Duplication critical infrastructure project for Santos • Demolition works in progress follow
Slide 20: Highlights and Outlook
Highlights • On 31 July 2025, Duratec acquired 100% of the shares in AMD Electrical Pty Ltd, trading as EIG Australia (EIG). • EIG is an Australian electrical infrastructure provider, specialising in fuels and fluid transfer services, including in- house consultancy and design capabilities. Outlook
Slide 21: Highlights and Outlook
Highlights • FY25 Revenue1 of $113.9m, gross profit of $22.2m • Award of $54.7m Department of Defence contract under Project Phoenix portfolio work – largest contract to date • RC Construction fully embedded and contributed to impressive FY25 financial performance • Capitalised on national presence
Slide 22: Master Services Agreements
Master Services Agreements • MSA and annuity style projects represented approximately 31% of revenue for FY25 compared to 26% in FY24 • Annuity style contracts are more profitable than Duratec’s average gross profit percentage • Continued focus on growing MSA work with existing clients through diver
Slide 23: Pipeline & Outlook
DURWreEe Pipeline & Outlook
Slide 24: Order Book, Tenders and Pipeline
Order Book, Tenders and Pipeline 1, 2 1, 2, 3 1, 2, 4 5 Note 1: As of 21 August 2025 Note 2: Figures include 49% share of DDR Australia Pty Ltd and RC Construction WA Pty Ltd’s Order Book, Tenders, and Pipeline Note 3: Tenders includes submitted and currently being tendered opportunities Note 4: Pip
Slide 25: Outlook
Outlook Short term Outlook • MSA annuity style work growing • Continue working on many medium sized projects in all sectors • Large projects including Coonawarra, Woodside, Tom Price and WSA Cargo works continue • Conversion of several ECI Building and Facades projects • Building much stronger work
Slide 26: Questions & Answers
Questions & Answers Wednesday, 27 August 2025
Slide 27: Appendix
Appendix”
Slide 28: Corporate Snapshot
Corporate Snapshot Share Price and Volume – FY25 Duratec Limited Board Martin Brydon Non-Executive Chairman $1.7 Chris Oates Managing Director Share price (AUD) $1.6 Phil Harcourt Non-Executive Director $1.5 Gavin Miller Non-Executive Director $1.4 Dennis Wilkins Company Secretary $1.3 $1.2 Share pr
Slide 29: Duratec Limited
Duratec Limited FY25 Results Presentation Wednesday, 27 August 2025