Slide 1: 1H FY2025 Half Year Results
1H FY2025 HALF YEAR RESULTS Mastermyne Group Limited (ABN 96 142 490 579) 26 February 2025
Slide 2: Mastermyne - the underground specialist
Mastermyne - the underground specialist Proven expertise across the underground coal mining value chain utilising three well recognised brands › Coal Mine Services: › Market leading, specialist polymeric products and services FY23 PYBAR Contribution and Mine Operations Ramp Up › Mine development inc
Slide 3: Background and context
Background and context Achieved a position of stability in time to meet emerging external challenges Dec 2022 May 2024 Feb 2025 Stability Internal Turnaround Diversify and despite challenges plan grow external events • Cook and Crinum whole of • Resolution of loss-making • Managing response to • Div
Slide 4: Safety and Sustainability
Safety and Sustainability Elevating Safety Performance combined with renewed focus on social and governance responsibilities Safety Environmental › Elevating Safety Performance continues to be a priority › Developing an environmental roadmap integrated with our project focused on: risk management pr
Slide 5: 1H FY2025 Headline Financials
1H FY2025 Headline Financials Revenue and profitability impacted by external events including Grosvenor mine fire and tightening market conditions. Net cash position strengthened further and replacement growth options identified. $119M $0.9M $31.9M Revenue Statutory Net Cash NPAT 1H FY2024: $147M 1H
Slide 6: 1H FY2025 Highlights
1H FY2025 Highlights Focus on core strategic pillars has enabled Mastermyne to respond to external challenges Continued focus on elevating safety performance and core operations EBITDA1 of $6.9m significantly impacted by Grosvenor mine fire and market pressures Delivered net cash flow from operation
Slide 7: Earnings
Earnings 1H FY25 earnings impacted by external events $ Millions 1H FY24 1H FY25 Normalised EBITDA(refer note) Revenue 147.0 118.7 $16m Other Income (including Asset sales) 4.3 0.3 $14m Expenses -133.2 -112.1 $12m EBITDA1 18.1 6.9 $10m EBITDA Margin (%) 12.3 5.8 $8m Depreciation & Amortisation -4.6
Slide 8: Cash Flow
Cash Flow Positive Net Operating Cash flow achieved through conversion of working capital to cash $ Millions 1H FY24 1H FY25 Results from operating activities – Continuing operations 13.5 2.6 Results from operating activities – Discontinued operations 1.4 - Movements in Working Capital -31.9 5.6 FY2
Slide 9: Balance Sheet
Balance Sheet NTA of $63.8m includes high cash component $ Millions Dec-23 Jun-24 Dec-24 Cash and Cash Equivalents 3.3 26.0 35.2 Borrowings -60.0 -2.0 -2.3 Liabilities directly associated with assets -2.8 -2.2 -1.0 classified as held for sale FY23 PYBAR Contribution and Mine Net Cash/(Debt) -59.5 21
Slide 10: FY2025 Outlook
FY2025 Outlook Options for growth albeit tempered by ongoing market headwinds Order Book & Pipeline › Mastermyne’s Order book1 of $190m (1H FY2024: $278m) reflects the timing of Moranbah North and Aquila expiry dates of 5 Apr 2025, but is expected to grow with imminent opportunities included in the
Slide 11: FY2025/26 Priorities
FY2025/26 Priorities Building on the foundations achieved over past 18 months, Mastermyne is well positioned to deliver on its priorities › Maintaining financial stability and safe, efficient operations › Cautiously pursuing growth within core capabilities through disciplined selection of target pro
Slide 12: Disclaimer
Disclaimer The following disclaimer applies to this presentation and any information provided regarding the information contained in this presentation (the Information). You are advised to read this disclaimer carefully before reading or making any other use of this presentation or any information c
Slide 13: Mastermyne - stronger values. greater results.
(nN mastermyne stronger values. greater results. (©) wilson Mining A Mastermyne Company yg mynesiGHT