Slide 1: FY25 Results Presentation
FY25 Results Presentation 12 AUGUST 2025
Slide 2: Disclaimer
Disclaimer This document has been prepared by LGI Limited ACN 138 085 551 (LGI or the Company) to provide summary information about the Company and its associated express or implied, contained in, arising out of or derived from, or for omissions from, this document including, without limitation, any
Slide 3: Contents
Contents 1 Highlights 2 Financial Performance 3 Operational Performance 4 Projects and Strategy Update 5 Outlook & Guidance 6 Appendix 3
Slide 4: Who is LGI?
Who is LGI? BIOGAS One of Australia’s leading FLARE vertically integrated landfill BIOGAS POWER GENERATION RECOVERY AND FCAS³ gas companies BIOGAS Founded in 2009 (as Landfill Gas POWER NATIONAL Industries Pty Ltd), LGI is an established STATION ELECTRICITY BATTERY domestic leader in the recovery of
Slide 5: FY25 Highlights
FY25 RESULTS FY25 Highlights
Slide 6: Strong FY25 EBITDA growth, solid operating performance & momentum into FY26
Strong FY25 EBITDA growth, solid operating performance & momentum into FY26 Simultaneously delivering step change growth in fleet size and earning capability • EBITDA up 14% pcp to $17.4M (towards top end of guidance range1), NPAT down 3% pcp to $6.5M • Capex build out driving higher interest and de
Slide 7: Expanded contract development pipeline
Expanded contract development pipeline Near-term pipeline now targeting 56 MW capacity LGI has expanded the project pipeline of contracted, high conviction projects to be commissioned in the near term. Target capacity is now 56MWs. LGI is adding the Belrose battery (see slide 26) capacity to the pip
Slide 8: Footprint
Footprint Growing pipeline with 6 new contracts signed in FY25 – both landfill gas rights and battery sites 34 1 Contracted sites 9 Power Stations 16 Carbon Credit Sites Battery site in construction or under assessment 1 Carbon site in construction or under assessment LGI’s contract with Midcoast Co
Slide 9: Financial Performance
FY25 RESULTS Financial Performance
Slide 10: Profitability and Return
Profitability and Return Increased Revenue & EBITDA #039;000 FY25 FY24 % Change LGI’s net revenue increased 10% pcp from increased Statutory Revenue and Other Income (excl. Interest Income) 36,789 33,310 10.4% volume of all key commodities, MWhs, LGCs and Net revenue (net of ACCU royalty) 33,940 30,876
Slide 11: Revenue
Revenue Revenue contribution growing across multiple sources Net Revenue by source 1 FY25 total net revenue +10% versus FY24 FY25 FY24 Revenue (#039;000) FY25 FY24 % Change Electricity (including hedge position and FCAS) 13,222 13,371 -1.1% Renewable Large Generation Certificates (LGCs) 3,854 2,774 38.
Slide 12: Generation – Electricity and LGCs
Generation1 – Electricity and LGCs Underlying growth in MWhs Generation segment FY25 FY24 % Change Operation Metrics FY25, LGI commissioned a 50% increase in the operating capacity at 3 Biogas Flows (Mm ) 89 83 6.5% the Canberra Power Station (Mugga Lane) while also commissioning MWhs Generated 109,
Slide 13: Carbon Abatement – ACCUs
Carbon Abatement 1 – ACCUs Ongoing ACCU volume growth Carbon Abatement segment FY25 FY24 % Change Operation Metrics Improved gas flows at most sites contributed to higher ACCU volumes. Biogas Flows (Mm3) 102 94 8.8% ACCUs Created 493,446 432,804 14.0% ACCU integrity improvements will result in chang
Slide 14: Infrastructure Construction & Landfill Gas Management
Infrastructure Construction & Landfill Gas Management LGI as a trusted infrastructure partner Site Infrastructure and Management FY25 FY24 % Change Infrastructure revenue down on FY24, with a focus in FY25 on gas Profitability flows flaring and generation sites. Infrastructure Construction revenue (
Slide 15: Balance Sheet
Balance Sheet Considerable growth in asset base Balance Sheet (#039;000) FY25 FY24 Assets ACCU balance in FY25 lower than FY24 as LGI used the sale of Cash 3,357 2,438 the ACCUs to partly fund the capex program. Trade Receivables 1,610 876 LGI continues to develop and build projects, resulting in asset
Slide 16: Cash flow
Cash flow Operating cashflow positive while growth investment continues Cash Flow (#039;000) FY25 FY24 % Change Statutory and Underlying EBITDA 17,366 15,281 13.6% LGI continues to be operating cash flow positive, even while building out the capex program. Statutory and Underlying Operating Cash Flow 1
Slide 17: Capex
Capex Elevated project capex to support build-out underpinning future growth Capital expenditure ($M) Pipework installation includes drilling wells, pipe laid back to flare or power station, labour and materials. The sites where LGI absorbs the cost of the pipework are the sites which are included i
Slide 18: Operational Performance
FY25 RESULTS Operational Performance
Slide 19: Growing Biogas Flows
Growing Biogas Flows LGI continues to "chase the gas", ensuring maximum practical gas flow is achieved at each site A new LGI record achieved for biogas recovery over Biogas flows (million cubic meters) FY25. CAGR 8% To support additional MW of generation in FY25, 127.7 LGI focused on increasing gas
Slide 20: Energy Generation
Energy Generation Generator availability (% of period) Growth in generation reflects high levels of availability and 98% increased capacity 97% 97% LGI continues to focus on availability and optimising the Company’s flexible assets 96% 96% operation based on market pricing using DACS. 95% LGI target
Slide 21: Growing Carbon Credits
Growing Carbon Credits LGI increased biogas recovery, translating to higher ACCU creation volume ACCUs Created Increased gas flows achieved as we added new sites into our portfolio, and added resource CAGR 9% capacity into our gas field team. This directly resulted in higher ACCU creation volumes. 4
Slide 22: Projects and Strategy
FY25 RESULTS Projects and Strategy
Slide 23: Canberra (Mugga Lane) phase 1 expansion complete
Canberra (Mugga Lane) phase 1 expansion complete Two additional generation units commissioned January 2025, batteries delivered June 2025 2 x 1MW 4 x 1MW existing Jenbacher engines Jenbacher engines commissioned in recommissioned November 2024 January 2025 20MW dedicated 6 x 2MW/4MWh network connect
Slide 24: Sydney (Eastern Creek) complete
Sydney (Eastern Creek) complete Commissioned in June 2025, on time on budget 2 x gas 4MW connection, conditioning skids, supplying BINGO designed and and exporting to constructed by LGI the grid technicians 4 x 1MW Jenbacher engines Provisions for 2 commissioned in SRS units pending June 2025 biogas
Slide 25: Three Carbon Abatement Projects Commissioned
Three Carbon Abatement Projects Commissioned New landfill gas collection systems and flares commenced, at Esk QLD, Grafton NSW and Tumut NSW. LGI secured a new long term biogas rights contract with Clarence Valley Council in December 2024. LGI’s team mobilised to site in February 2025 and completed
Slide 26: Newly contracted site - energy segment expansion
Newly contracted site - energy segment expansion Near-term pipeline now targeting 56 MW capacity LGI is pleased to announce that it has entered into a contract with WAMC to explore the viability of building, owning, and operating a 12-megawatt (MW) grid-scale battery energy storage system ("BESS") a
Slide 27: Newly contracted sites – carbon abatement portfolio expansion
Newly contracted sites – carbon abatement portfolio expansion LGI successfully added 5 additional new long-term biogas rights contracts thorough FY25 LGI was successful in securing 5 new long term landfill biogas contracts. These new sites are: Jandowae Qld – signed late December 2024, site forecast
Slide 28: LGI electricity market strategy
LGI electricity market strategy LGI strategy is supported by underlying volatility present within the energy market FY25 average time of day elelctricity wholeslae price - Qld and NSW Qld AEMO spot price - 25% to 75 % percentile points with spread trendline 700.00 300.00 600.00 250.00 500.00 200.00
Slide 29: Updated project pipeline near term
Updated project pipeline near term Significant growth in MW capacity from FY24 to FY26 – with continued focus on growth in new landfill gas sites Pipeline as at 30 June 2025 (MW capacity) 11 56 LGI updated project pipeline. Commissioned in FY25 Forecast Commiss ioning in All pipeline sites are under
Slide 30: Outlook & Guidance
FY25 RESULTS Outlook & Guidance
Slide 31: Outlook & Guidance
Outlook & Guidance Growth and continued operational excellence LGI’s FY26 priorities, leveraging the momentum from FY25: Continued focus Deliver key near- term Explore the expansion Work on contracted Actively pursue new on Health, Safety, projects, expansion of of power stations on landfill sites t
Slide 32: Appendix
Appendix CGi/ CLEAN ENERGY & CARBON ABATEMENT
Slide 33: Board
Board VIK BANSAL ADAM BLOOMER ABIGAIL CHEADLE ANDREW PETERS DR. JESSICA NORTH TIMOTHY MCGAVIN Non-Executive Managing Director Non-Executive Director Non-Executive Director Executive Director Non-Executive Director Chair and Founder and Audit & Risk and Chief and Chair of Committee Chair Sustainabili
Slide 34: LGI Value Proposition
LGI Value Proposition LGI strives to deliver value with its vertically integrated business model in a number of key areas at the intersection of the waste, electricity and carbon sectors END-TO-END DIVERSIFIED VERTICALLY INNOVATION AND SOLUTION REVENUE STREAMS INTEGRATED TECHNICAL INGENUITY Highly c
Slide 35: LGI Award Winning Year
LGI Award Winning Year WRIQ • LGI received an award for LGI projects have been Environmental Innovation of recognised by our peers as Waste Recycling the Year innovative and sustainable Industry • Award received for the Bunya Renewable Hybrid Project Association (QLD) LGI’s focus on ensuring highest
Slide 36: Profitability Drivers
Profitability Drivers LGI growing EBITDA since listing, notwithstanding the price movements of key underlying Key commodity price movements and EBITDA commodities movement (using Jun-22 as base 100) 160 Starting in June 2022 as base 100 140 Using a base year of FY22, being the year LGI 120 listed on
Slide 37: LGI LIMITED
LGI LIMITED AUSTRALIA ABN. 49 138 085 551 57 Harvey Street North Eagle Farm 4009 QLD 07 3711 2225 enquiries@lgi.com.au www.lgi.com.au ABN 49 138 085 551