Monadelphous Group Limited · ASX:MND
Monadelphous — H1 2026 Earnings Presentation
19 slides from Monadelphous's earnings presentation, Feb 24, 2026
Slide 1: 2026 Half Year Results
2026 Half Year Results 24 February 2026
Slide 2: Monadelphous Profile
Monadelphous Profile *Employees and total workforce as at 31 December 2025. 2026 Half Year Results 2
Slide 3: H1 2026 Group Performance and Highlights
H1 2026 Group Performance and Highlights REVENUE FROM CONTRACTS WITH CUSTOMERS 1 Revenue by end customer Revenue by division ($m) $1.53 BILLION 45.6% Energy 38% Engineering Iron ore 28% 677.8 Construction $64.9 NET PROFIT AFTER TAX Other minerals 14% 405.4 MILLION Energy transition Maintenance 52.6%
Slide 4: Contracts Secured
Contracts Secured NEW CONTRACTS AND EXTENSIONS $1.4 BILLION Refer to Appendices for contract details. 2026 Half Year Results 4
Slide 5: Sustainability: People
Sustainability People 10,000 8,000 6,000 4,000 2,000 0 FY23 HY24 FY24 HY25 FY25 HY26 Corporate Maintenance & Industrial Services Engineering Construction Employees Employees Employees Subcontractors Subcontractors Subcontractors • Total workforce of 8,389, reflecting high levels of activity • Strong
Slide 6: Sustainability: Safety and Wellbeing
Sustainability Safety and Wellbeing 6 4 4.34 TRIFR 2 0.51 HPIFR 0.06 0 LTIFR FY23 HY24 FY24 HY25 FY25 HY26 • High potential incident frequency rate returned to historically low levels • Continue to implement targeted campaigns to drive improved performance • Ongoing delivery of Fatal Risk Awareness
Slide 7: Sustainability: Diversity and Inclusion, Community and Environment
Sustainability Diversity and Inclusion, Community and Environment ABORIGINAL AND TORRES STRAIT ISLANDER $20 INDIGENOUS BUSINESS SPEND WORKFORCE PARTICIPATION 3.3% MILLION 10% above target 119% • Continued support of employment pathways for Indigenous Australians • Progressed renewal of Stretch Recon
Slide 8: H1 2026 Divisional Highlights: Engineering Construction
H1 2026 Divisional Highlights Engineering Construction Revenue by end customer Revenue ($m) Iron ore 34% Energy 23% Renewable energy 14% Energy transition 677.8 67% metals 13% 405.4 Other minerals 10% Infrastructure 6% HY25 HY26 • Strong demand across iron ore and energy sectors • Greater revenue fr
Slide 9: H1 2026 Divisional Highlights: Maintenance & Industrial Services
H1 2026 Divisional Highlights Maintenance & Industrial Services Revenue by end customer Revenue ($m) Energy 49% Iron ore 23% Other minerals 18% Infrastructure 7% 852.0 32% 645.1 Energy transition metals 3% HY25 HY26 • Strong demand for maintenance services • Secured approximately $640 million of new
Slide 10: Financial Snapshot
Financial Snapshot PERIOD ENDED 31 DECEMBER HY26 HY25 CHANGE Revenue from contracts with customers1 $M 1,529.8 1,050.5 45.6% Engineering Construction1 $M 677.8 405.4 67.2% Maintenance & Industrial Services $M 852.0 645.1 32.1% EBITDA2 $M 116.2 79.8 45.6% EBITDA margin % 7.59 7.59 - 0bps NPAT Attribu
Slide 11: Industry Outlook - Australia
Industry Outlook - Australia 40 Resources Capex A$b 20 Energy (O&G) Capex A$b 35 18 16 30 14 Energy transition 25 metals 12 20 10 Iron ore 8 15 6 10 4 Other minerals 5 2 0 0 2026f 2027f 2028f 2029f 2030f 2026f 2027f 2028f 2029f 2030f Source: Oxford Economics, ABS (November 2025) Source: Oxford Econo
Slide 12: Australia's Energy Transition
Australia’s Energy Transition Monadelphous is well positioned for opportunities driven by the energy transition 2026 Half Year Results 12
Slide 13: Outlook
Outlook • Strong longer-term demand across resources and energy • Iron ore prices support current production rates and underpin ongoing investment • Energy transition metals sector development expected to accelerate to meet growing demand • Energy sector offering substantial opportunities supported
Slide 14: Appendices
Appendices Name of document 14
Slide 15: Contracts Secured - Detail
Contracts Secured - Detail Engineering Construction Market Sector 1 BHP – Multidisciplinary construction services associated with Jimblebar Train Loadout Replacement Project Iron Ore 1 2 BHP – Multidisciplinary works associated with a car dumper project Iron Ore 1 3 Flow Power – Balance-of-plant des
Slide 16: Engineering Construction Major Projects H1 2026
Engineering Construction Major Projects H1 2026 Market Sector Location BHP – Car Dumper 3 Renewal Project – SMPE&I works Iron Ore Port Hedland, WA BHP – Jimblebar Train Loadout Project – Earthworks, civil, SMPE&I, fabrication and procurement Iron Ore Newman, WA BHP – Prominent Hill Expansion Project
Slide 17: Maintenance & Industrial Services Major Contracts H1 2026
Maintenance & Industrial Services Major Contracts H1 2026 Market Sector Location Alinta – Outage, maintenance labour and scaffolding at Loy Yang B power station Power Traralgon, VIC APA – Pipeline installation for level crossing removal Energy Melbourne, VIC BHP – Mt Arthur Coal – Shutdown maintenan
Slide 18: Notes to Financials
Notes to Financials Reconciliation of total revenue from contracts with customers HY26 HY25 including joint ventures to statutory revenue from contracts with $’000 $’000 customers (unaudited) Non-IFRS Financial Information Total revenue from contracts with customers including joint ventures 1,529,83
Slide 19: Disclaimer & Important Notice
Disclaimer & Important Notice This presentation provides summary information about Monadelphous Group Limited (Monadelphous). It is intended for general information purposes only and does not purport to be complete. The information in this presentation is current only as at the date of this presenta