Saunders International Limited · ASX:SND
Saunders International — Shareholder Meeting (November 2025)
50 slides from Saunders International's shareholder meeting presentation, Nov 18, 2025
Slide 1: Slide 1
Slide 2: FY2025 Annual General Meeting
ASX: SND FY2025 Annual General Meeting 18 November 2025
Slide 3: Welcome
FY2025 Annual General Meeting 3 Welcome Nicholas Yates Chair
Slide 4: Leadership and Governance
FY2025 Annual General Meeting 4 Leadership and Governance • We have welcomed Angelo De Angelis as our new MD & CEO - 30+ years of experience, technical and commercial expertise and a strong customer and market focus. • Mark Benson stepped down as Managing Director & CEO after a decade of outstanding
Slide 5: FY25 Financial Performance
FY2025 Annual General Meeting 5 FY25 Financial Performance • FY25 was marked by challenge and change - strategic progress, operational discipline and continued investment in Saunders’ future. • Results were impacted by delayed project awards, weather and cost pressures - but underlying business stre
Slide 6: Strategic Growth: Aqua Metro Acquisition
FY2025 Annual General Meeting 6 Strategic Growth: Aqua Metro Acquisition • The acquisition of Aqua Metro in July 2025 was a major step in Saunders’ growth strategy. • It expands our Victorian footprint and deepens capability in the Water sector. • Adds long-term utility contracts, strengthening recu
Slide 7: Operational Delivery & Safety
FY2025 Annual General Meeting 7 Operational Delivery & Safety • We continue to demonstrate strong performance across complex, high-compliance environments - airports, Defence bases, mine sites, and industrial facilities. • Zero Lost Time Injuries (LTIs) and TRIFR of 4.91 achieved in FY25. This inclu
Slide 8: ESG & Sustainability
FY2025 Annual General Meeting 8 ESG & Sustainability • We have continued advancement of environmental, social and governance (ESG) practices in a measured, meaningful way. • Examples include: • Launch of our first Reflect Reconciliation Action Plan (RAP); progressing toward an Innovate RAP in 2026.
Slide 9: Closing Remarks
FY2025 Annual General Meeting 9 Closing Remarks • FY26 performance and Outlook to be presented next by Angelo De Angelis. • Thank you to: • Our shareholders for ongoing trust and support. • Our employees – as their dedication and professionalism underpin our success. • Our Board for leadership, guid
Slide 10: Angelo De Angelis
FY2025 Annual General Meeting 10 Angelo De Angelis Managing Director & Chief Executive Officer
Slide 11: About Us
FY2025 Annual General Meeting 11 About Us Key Markets Core Capabilities Defence & Government 01 Fluid Storage and Transfer Saunders is a multidisciplinary Infrastructure Engineering, Construction and Industrial Asset Services company. 02 Structural, Mechanical and Piping Water Proudly Australian-own
Slide 12: About Us
FY2025 Annual General Meeting 12 About Us PORT MORESBY DARWIN 72* NORTHERN Projects in delivery valued at Viva Energy Cairns RAAF Learmonth TERRITORY over $1m (as at 30 June 2025) QUEENSLAND Ampol Lytton 584* WESTERN AUSTRALIA BRISBANE x2 SOUTH AUSTRALIA Team of employees KCGM CIL3 NEW SOUTH WALES N
Slide 13: Performance results
FY2025 Annual General Meeting 13 FY2025 Performance results Adjusted Earnings Per Share Summary Revenue (basic) • After five consecutive years of record growth, FY25 $214.5m 2.68 cents -0.7% (FY2024 $216.1m) was a challenging year of adjustment. -73.1% (FY2024 9.96 cents) • Saunders maintained stron
Slide 14: Aqua Metro Acquisition Overview
FY2025 Annual General Meeting 14 Aqua Metro Acquisition Overview • Acquisition of Aqua Metro in July 2025 - a defining milestone in Saunders’ growth strategy, expanding and strengthening our capability in the Water sector. • Multiple multi-year panel agreements providing annuity-style earnings and l
Slide 15: Building Momentum Across All Key Markets
FY2025 Annual General Meeting 15 Building Momentum Across All Key Markets Key Markets Markets Summary • Activity continues to build across Defence & Government, Water, Energy and Resources & Industrials. Defence & • Growth supported by strong government and private sector investment and Government d
Slide 16: Defence & Government
FY2025 Annual General Meeting 16 Defence & Government Market Summary • Over $2b in addressable Australian Defence funding and emerging US Defence-funded Indo-Pacific opportunities. Strong Defence & • 55% pipeline growth and the largest Defence & Government Government tender pipeline in Saunders’ his
Slide 17: Water
FY2025 Annual General Meeting 17 Water Market Summary • Strong national investment in water security, treatment and renewal. • Saunders Aqua Metro integration strengthening Water sector growth market position and utility relationships. accelerating as • Ageing infrastructure and population growth dr
Slide 18: Energy
FY2025 Annual General Meeting 18 Energy Market Summary • Renewed investment in critical fuel infrastructure and energy security projects. • Master Service Agreements now cover all operating Energy sector refineries and major fuel terminals. momentum • Sector pipeline up 39% with strong national outl
Slide 19: Resources & Industrials
FY2025 Annual General Meeting 19 Resources & Industrials Market Summary • Sector activity supported by record gold prices and expansion activity in gold processing infrastructure. Resources and • Pipeline up 5%, reflecting targeted focus on bulk fluid storage and transfer systems. Industrials remain
Slide 20: Value Proposition
FY2025 Annual General Meeting 20 Value Proposition End-to-end delivery National reach Self-perform capability across Regional hubs enabling efficient design, construction, delivery across key markets commissioning and nationally. maintenance. Control & consistency ECI advantage Greater control of sa
Slide 21: Safety, People & Culture
FY2025 Annual General Meeting 21 Safety, People & Culture Our people are the Safety is central to our We’re investing in By connecting purpose foundation of our success, culture, driven by the leadership, diversity and with performance, we bring demonstrating dedication, Together for Safety inclusio
Slide 22: Guidance
FY2025 Annual General Meeting 22 Guidance • H2 FY25 issues have continued into H1 FY26. • All project impacts and margin erosion recognised in H2 FY25 and H1 FY26. • There are strengthening awards and tendering, supporting returning to normal operating levels during H2 FY26. • H1 FY26 revenue above
Slide 23: Outlook
FY2025 Annual General Meeting 23 Outlook Strong momentum, uplift • Operational efficiencies • Strong tendering across • $81m of projects won and Aqua Metro all four key markets, with current YTD, with a in market activity, record $4b pipeline. integration further $94m in Preferred diversified growth
Slide 24: Close
FY2025 Annual General Meeting 24 Close Building the next chapter of Saunders’ success • Thank you to our shareholders, clients, Board and our people. • 100-Day Plan underway; new market-focused operating structure. • Focused on market growth strategies, systems and process improvements. • Leading wi
Slide 25: FY25 AGM Formal Business
FY2025 Annual General Meeting 25 FY25 AGM Formal Business
Slide 26: Resolution 1
FY2025 Annual General Meeting 26 Resolution 1 NON-BINDING RESOLUTION TO ADOPT THE REMUNERATION REPORT
Slide 27: Proxy Position: Resolution 1
FY2025 Annual General Meeting 27 Proxy Position: Resolution 1 Non-Binding For Against Resolution to 56,176,911 Votes 2,012,789 Votes Adopt the 27 holders 17 holders Remuneration 96.45% 3.46% Report
Slide 28: Resolution 2
FY2025 Annual General Meeting 28 Resolution 2 ELECTION OF MR ANDREW BELLAMY AS A DIRECTOR
Slide 29: Proxy Position: Resolution 2
FY2025 Annual General Meeting 29 Proxy Position: Resolution 2 Election of Mr For Against Andrew Bellamy 62,144,015 Votes 351 Votes as a Director 47 holders 1 holders 99.90% 0.00%
Slide 30: Resolution 3
FY2025 Annual General Meeting 30 Resolution 3 ELECTION OF MR ANGELO DE ANGELIS AS A DIRECTOR
Slide 31: Proxy Position: Resolution 3
FY2025 Annual General Meeting 31 Proxy Position: Resolution 3 Election of For Against Mr Angelo 62,014,457 Votes 34,251 Votes De Angelis as a 44 holders 3 holders Director 99.85% 0.06%
Slide 32: Resolution 4
FY2025 Annual General Meeting 32 Resolution 4 RE-ELECTION OF MR NICHOLAS YATES AS A DIRECTOR
Slide 33: Proxy Position: Resolution 4
FY2025 Annual General Meeting 33 Proxy Position: Resolution 4 Re-election of Mr For Against Nicholas Yates as 61,935,209 Votes 23,239 Votes a Director 43 holders 3 holders 99.57% 0.04%
Slide 34: Resolution 5
FY2025 Annual General Meeting 34 Resolution 5 GRANT OF PERFORMANCE RIGHTS TO MR MARK BENSON
Slide 35: Proxy Position: Resolution 5
FY2025 Annual General Meeting 35 Proxy Position: Resolution 5 Grant of For Against Performance 54,343,312 Votes 4,132,046 Votes Rights to Mr Mark 24 holders 23 holders Benson 92.84% 7.06%
Slide 36: Resolution 6
FY2025 Annual General Meeting 36 Resolution 6 GRANT OF PERFORMANCE RIGHTS TO MR ANGELO DE ANGELIS
Slide 37: Proxy Position: Resolution 6
FY2025 Annual General Meeting 37 Proxy Position: Resolution 6 Grant of For Against Performance 57,978,662 Votes 4,040,046 Votes Rights to 26 holders 21 holders Mr Angelo De 93.40% 6.51% Angelis
Slide 38: Resolution 7
FY2025 Annual General Meeting 38 Resolution 7 RATIFICATION OF PRIOR ISSUE OF PLACEMENT SHARES
Slide 39: Proxy Position: Resolution 7
FY2025 Annual General Meeting 39 Proxy Position: Resolution 7 Ratification of For Against Prior Issue of 61,939,994 Votes 126,484 Votes Placement 37 holders 7 holders Shares 99.68% 0.20% This Resolution relates to the ratification of the issue of Placement Shares to Ahrens Group Pty Ltd and Anacacia
Slide 40: Resolution 8
FY2025 Annual General Meeting 40 Resolution 8 RATIFICATION OF PRIOR ISSUE OF TRANCHE 1 INITIAL CONSIDERATION SHARES
Slide 41: Proxy Position: Resolution 8
FY2025 Annual General Meeting 41 Proxy Position: Resolution 8 Ratification of For Against Prior Issue of 61,927,438 Votes 135,384 Votes Tranche 1 Initial 35 holders 8 holders Consideration 99.67% 0.22% Shares This Resolution relates to the ratification of Tranche 1 Initial Consideration Shares issue
Slide 42: Resolution 9
FY2025 Annual General Meeting 42 Resolution 9 APPROVAL OF THE ISSUES OF TRANCHE 2 INITIAL CONSIDERATION SHARES
Slide 43: Proxy Position: Resolution 9
FY2025 Annual General Meeting 43 Proxy Position: Resolution 9 Approval of the For Against issues of Tranche 61,846,378 Votes 229,332 Votes 2 Initial 33 holders 11 holders Consideration 99.52% 0.37% Shares This Resolution relates to the approval for the issue of Tranche 2 Initial Consideration Shares
Slide 44: Resolution 10
FY2025 Annual General Meeting 44 Resolution 10 APPROVAL OF THE ISSUES OF THE EARN-OUT CONSIDERATION SHARES
Slide 45: Proxy Position: Resolution 10
FY2025 Annual General Meeting 45 Proxy Position: Resolution 10 Approval of the For Against issues of the 61,834,003 Votes 241,707 Votes Earn-Out 32 holders 12 holders Consideration 99.50% 0.39% Shares Resolution 10 relates to the approval for the issue of Earn-Out Consideration Shares to the vendors
Slide 46: Resolution 11
FY2025 Annual General Meeting 46 Resolution 11 APPROVAL OF FINANCIAL ASSISTANCE
Slide 47: Proxy Position: Resolution 11
FY2025 Annual General Meeting 47 Proxy Position: Resolution 11 Approval of For Against Financial 61,679,980 Votes 251,130 Votes Assistance 31 holders 14 holders 99.49% 0.10% The final Resolution relates to the approval for financial assistance by Aqua Metro Group of Companies in connection with Saun
Slide 48: Thank you
FY2025 Annual General Meeting 48 Thank you The Saunders Board and Leadership Team invite you to meet with us at the conclusion of this presentation.
Slide 49: About Saunders International Limited
FY2025 Annual General Meeting 49 About Saunders International Limited Saunders International Limited (ASX: SND) is a multidisciplinary Australian company that provides engineering, construction and industrial asset services across the complete asset lifecycle. Established in 1951 and listed on the A
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