Slide 1: FY25 Results Presentation
FY25 Results Presentation For the year ended 30 June 2025
Slide 2: FY25 Results Highlights
FY25 Results Highlights FY25 Normalised EBITDA¹ FY25 Normalised NPAT¹ FY25 Normalised Revenue¹ $106.1m↑ $45.7m↑ $901.7m↑ +22% on $86.7m in FY24 +50% on $30.5m in FY24 +15% on $783.5m in FY24 3.7% ahead of Prospectus forecast 9.8% ahead of Prospectus forecast 6.2% below Prospectus forecast Net cash p
Slide 3: A diversified services provider focused on resilient end markets
A diversified services provider focused on resilient end markets. Power and Buildings Infrastructure Data centres Utilities Defence renewables and facilities Symal Limited FY25 Results Symal Group 3 03
Slide 4: Group overview
Group overview Built for scale and growth ~1,300 14 Office and site Locations across based employees. four states. $1.76bn1 4 Work-in-hand. Open early contractor involvement (ECI) projects. 2 ~4,200 1:4 Key project wins Key ECI’s associated with FY25 Symal office locations Plant and equipment Tender
Slide 5: Organic growth
Group overview Growth strategy Organic growth Expanding market share and reach Strategic focus Organic growth Resilient sectors Expanding market share, entering new National focus on infrastructure, data regions and creating new capabilities. centres, power and renewables, defence and buildings and
Slide 6: Inorganic growth
Group overview Growth strategy Inorganic growth Accelerate growth and market entry through targeted acquisitions Strategic focus Focused acceleration of acquisition strategy Acquisition criteria Diversification Integration ✓ Founder-led businesses Targeted strategic acquisitions to Focus on strategi
Slide 7: Acquisition of Ascot Bins
Group overview Growth strategy Acquisition of Ascot Bins A strategic acquisition complementing our Sycle operations with high-quality waste streams, converted into high-value construction materials and alternative fuels. Scalable C&D1 waste Aligned founder-led business management bin hire Aligns wit
Slide 8: Acquisition of Locale Civil
Group overview Growth strategy Acquisition of Locale Civil A deliberate move into the high-margin, fast-growing utilities market with strong recurring revenue. Provides entry into new utilities Aligned founder-led business services end market Existing 6-year works agreement to Expansive local and na
Slide 9: Innovative growth
Group overview Growth strategy Innovative growth Driving growth through innovation Strategic focus Leveraging tech Future focus Invest in advanced technology to refine Assess future market trends, technologies and processes and increase market share. industries to ensure Symal is at the forefront. F
Slide 10: Safety and our workforce
Operational update Safety and our workforce Strength in people, safety and performance Symal’s 12-month rolling safety statistics (FY25) 0.40 3.41↓ LTIFR1 in line with FY24 TRIFR2 15% below target of 4.0 Our highly trained internal workforce provides core expertise to consistently perform for our cl
Slide 11: Delivering results: operational overview
Operational update Delivering results: operational overview Driving growth with a robust pipeline and ECI success Work-in-hand (WIH) constantly being Continued diversification with 35% of WIH now Significant portion of FY26 revenue already replenished and growing with new projects1 within power and
Slide 12: Early contractor involvement (ECI) projects
Operational update Early contractor involvement (ECI) projects ECI success Wind farms (VIC, NSW) Ballan Road Upgrade Battery Energy Storage System Two preferred ECI projects Commenced Project Development Paid ECI to influence design, to commence during FY26 Phase with MRPV1 constructability and risk
Slide 13: Operating segments
Operational update Operating segments1 Contracting Services Plant and Equipment Other Revenue contribution 79% EBITDA contribution 55% Revenue contribution 20% EBITDA contribution 41% Revenue contribution 1% EBITDA contribution 4% → Engineering and construction. → Plant hire. → Aggregation of other
Slide 14: Contracting services
Operational update Operational segment Contracting services FY25 Highlights FY25 Normalised1 Revenue FY25 Normalised1 EBITDA Project wins $713.7m↑ $58.0m↑ New project wins and the ramp up of existing major projects – including Moonee Valley Racing Club redevelopment, Melbourne Airport, Gawara Baya w
Slide 15: Plant and equipment
Operational update Operational segment Plant and equipment FY25 Highlights FY25 Normalised1 Revenue FY25 Normalised1 EBITDA Capital investment $183.6m↑ $43.9m↑ Continued investment in fleet of heavy plant and equipment with approximately $45m capex spend in FY25. +40.9% on FY24 +33.7% on FY24 Market
Slide 16: Infrastructure
Operational update End market Infrastructure $900m of work-in-hand The infrastructure sector accounts for ~51% of Symal’s $1.76 billion WIH. National opportunity $310+ billion Significant pipeline of opportunities nationally, with secured federal, state and/or private funding. Broad end markets Nati
Slide 17: Power and renewables
Operational update End market Power and renewables Renewable energy mix targets1,2 WA Current 3.3% No target set NT Current 1.3% 50% by 2030 TAS Current 44.1% 200% by 2040 SA Current 18.0% 500% by 2050 QLD Current 11.1% 80% by 2035 VIC Current 9.4% 95% by 2035 NSW Current 9.8% Net zero by 2050 ~$400
Slide 18: Data centres
Operational update End market Data centres ~$110m of work-in-hand Data centres account for ~6% of Symal’s $1.76 billion work-in-hand, building on our already impressive history over the past four years. 13 projects $26+ billion Data centres worked on in the past 12 months. Diverse works Forecast inv
Slide 19: National security and defence
Operational update End market National security and defence ~$40m of work-in-hand Defence projects account for ~2% of Symal’s $1.76 billion work-in-hand. Experienced defence contractor Participated in eight projects over the last twelve months. Diverse client base $50.3 billion Symal is positioned t
Slide 20: Normalised financial performance
Financial results Normalised financial performance Normalised1 $m FY25 FY24 Change $m Change % Symal delivered strong year on year revenue Revenue 901.7 783.5 118.2 15.1% growth with further improvement in EBITDA Operating expenses (795.6) (696.8) (98.8) 14.2% EBITDA 106.1 86.7 19.4 22.4% margins ab
Slide 21: Statutory financial performance
Financial results Statutory financial performance Statutory $m FY25 FY24 Change $m Change % Statutory results include the impact of the Revenue 888.6 755.4 133.2 17.6% pre-IPO restructure, IPO process and a Operating expenses (797.6) (658.1) (139.5) 21.2% EBITDA 91.0 97.3 (6.3) (6.5)% material comme
Slide 22: Cash flow
Financial results Cash flow Statutory $m FY25 FY24 FY25 cash conversion $m Normalised Statutory EBITDA 91.0 97.3 EBITDA 106.1 91.0 Interest paid (7.8) (5.7) Remove non-cash items 1.4 7.8 Non-cash items (incl. share-based payments) 7.8 - Income taxes paid (20.4) (12.1) Remove gain on sale of PP&E (0.
Slide 23: Balance sheet
Financial results Balance sheet 30-June-25 30-Jun-24 30-Jun-24 Working capital $m FY25 FY24 Change $m Statutory Statutory Pro Forma Trade and other receivables 122.1 137.7 (15.5) Cash and cash equivalents 169.0 87.7 146.5 Excl. related party loan receivables (1.2) (17.4) 16.2 Trade and other receiva
Slide 24: Capital management
Financial results Capital management Final declared dividend of 5.9 cps • Improved net cash position of $46.1m compared to June 2024 pro forma of Pro Forma $40.3m (excluding lease liabilities). $m 30-Jun-25 30-Jun-24 30-Jun-24 • $114m of undrawn capacity on asset financing limits and $65m of undrawn
Slide 25: Capital allocation framework
Financial results Capital allocation framework Objectives Self-fund Maintain capacity Maximise total organic growth for inorganic growth shareholder returns Principles → Cash generative model → Balance sheet capacity → EPS growth Target cash conversion ~100% Strong balance sheet provides Management
Slide 26: Review and outlook
Outlook Review and outlook FY25 FY26 Strong profitability, ahead FY26 Normalised EBITDA of FY25 Prospectus guidance of $115 – $125 expectations. million. Increased our WIH position Dividend payout 30-50% of by 35% to $1.76 billion. NPAT. Strong cash conversion of Completion of Locale Civil 121% driv
Slide 27: Questions and answers
Questions and answers Symal Group Limited FY25 Results 27
Slide 28: Appendix
Appendix Symal Group Limited FY25 Results 28
Slide 29: Important notice
Important notice This document is dated 25 August 2025 and has been prepared by Symal Group Limited ACN 130 808 276 (“Symal”). This presentation has been authorised for release by the Board of Symal. Summary information This material has been prepared only as a presentation aid and contains summary
Slide 30: Statutory to normalised results reconciliation
Statutory to normalised results reconciliation Statutory Pre-IPO IPO costs / Pro-forma FY23 project Normalised $’000 FY25 restructure1 ASX listing costs2 FY25 settlement3 FY25 Revenue 888.6 13.2 - 901.8 (0.1) 901.7 Operating expenses (797.6) (11.7) 10.3 (799.0) 3.4 (795.7) EBITDA 91.0 1.6 10.3 102.8
Slide 31: Operating segments
Operating segments Revenue EBITDA Normalised $000 FY25 FY24 FY25 Prospectus FY25 FY24 FY25 Prospectus Contracting Services 713.7 635.5 835.6 58.0 51.1 53.1 Plant and Equipment 183.6 130.3 143.6 43.9 32.9 43.3 Other / Eliminations 4.5 17.7 (18.1) 4.1 3.0 5.9 Group 901.7 783.5 961.1 106.1 86.9 102.3 R
Slide 32: Segment reporting update
Segment reporting update Operating segments have been refined to align with Symal operating model Operating segments Prospectus operating segments (driven by historical legal structure) Major infrastructure Construction services Asset management Plant, people and logistics Other Contracting Services
Slide 33: Historical performance
Historical performance Normalised revenue ($m) 1,2 Normalised EBITDA ($m)1,2 Normalised NPAT ($m)1,2 1000 125 50 800 100 40 600 75 30 901.7 45.7 106.1 400 783.5 50 20 721.2 86.7 579.7 30.5 70.9 200 25 10 21.3 21.7 47.8 0 0 0 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 33 (1) Normalis
Slide 34: symal.com.au
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