26 slides from Matrix Composites & Engineering's earnings presentation, Feb 27, 2026
Slide 1: 2026 Half Year Results Presentation
2026 HALF YEAR RESULTS PRESENTATION AARON BEGLEY – CEO BRENDAN COCKS – CFO 27 FEBRUARY 2026
Slide 2: Disclaimer
DISCLAIMER Important information: The following notice and Not investment advice: This presentation is not intended Investment risk: An investment in Matrix shares is subject to disclaimer applies to this investor presentation issued by and should not be considered to be the giving of known risks, a
Slide 3: Our Business
OUR BUSINESS STRATEGIC LOCATION In fast growing Engineering and Defence hub of Western Australia THE POWER OF ADVANCED MATERIALS Matrix designs, engineers and manufactures engineered products from composite and advanced materials to: • Deliver engineered product solutions to the subsea industry. • P
Slide 4: 1H FY26 Overview
1H FY26 OVERVIEW • 1H Revenue $26.9m, lower than pcp due to timing of Subsea Buoyancy projects. $85.0m • 2H secured work > $50m, on improved margins. Annual Revenue $80m+ $74.8m • Expected full year (FY26) revenue of > $80m • Underpinned by Subsea contracts secured for FY26. $47.2m • Another year of
Slide 5: 1H FY26 Financial Results
1H FY26 FINANCIAL RESULTS CFO - BRENDAN COCKS
Slide 6: 1H FY26 Key Financial Metrics
1H FY26 KEY FINANCIAL METRICS Revenue Expected Revenue Contribution REVENUE UNDERLYING EBITDA1 $m 1H 2H $80m+ 80 Subsea Buoyancy 5%4% $26.9m ▼ from $39.4m ($4.1m) ▼ from $3.2m 60 40 Coating 1H Technologies FY26 20 0 Advanced Materials 91% FY21 FY22 FY23 FY24 FY25 FY26F EBITDA NET LOSS AFTER TAX • Re
Slide 7: Balance Sheet
BALANCE SHEET $m 31 Dec 25 30 Jun 25 Cash and Term Deposits 18.0 18.3 Trade and other receivables 12.2 17.8 • Solid cash on hand plus net working capital at $28.6m. Inventory 12.0 9.2 Prepayments 1.2 1.1 • Trade receivables lower on timing of contract milestone Property, plant & equipment 14.0 15.7
Slide 8: Cash Flow From Operations
CASH FLOW FROM OPERATIONS 1H FY26 Cash Movement • Positive operating cash flow generation 3.0 2.4 • Monetisation of receivables driven by 2.0 contract timing and milestones. Completion 5.6 1.4 of cashflow cycle for FY25 projects. 1.0 (1.2) 1.5 • Higher inventory, trade payables and 0.0 (1.2) advance
Slide 9: Matrix Outlook Growth
MATRIX OUTLOOK GROWTH CEO – AARON BEGLEY
Slide 10: Three Business Pillars
THREE BUSINESS PILLARS CORE TRADITIONAL EMERGING SUBSEA ADVANCED MATERIALS COATING TECHNOLOGIES Engineered products for: Advanced composite material solutions Distributor for Australia, New Zealand • Subsea Production for Resources / Defence / Renewables and PNG: • Deep water drilling • Energy absor
Slide 11: Expanding Our Subsea Product Portfolio: Beyond Buoyancy
EXPANDING OUR SUBSEA PRODUCT PORTFOLIO: BEYOND BUOYANCY BUOYANCY PROTECTION VIV INSTALLATION LARGE SUPPORT SUPPRESSION & DECOM STRUCTURES SERVICES Distributed buoyancy Bend restrictors, Matrix LGS, Helical Installation and Large floating Hyperbaric testing, modules, clamping Marine Shield strakes de
Slide 12: SURF — Subsea Umbilicals, Risers & Flowlines
SURF — SUBSEA UMBILICALS, RISERS & FLOWLINES Advanced composites masterfully engineered for harsh subsea conditions BuovaNcY ~ Cable, Umbilical & Flexible Riser Distributed Buoyancy Modules VIV & DRAG SUPPRESSION Matrix LGS & Helical Strakes IN Mooring Buoyancy BUOYANCY Installation Buoyancy PROTECT
Slide 13: Subsea Production (SURF)
SUBSEA MOMENTUM BUILDING PRODUCTION (SURF) Matrix SURF Revenue Already ~$60m Secured $60 $50 STRENGTHENING MARKET STRONG INDUSTRY ACTIVITY / $40 $ million POSITION QUOTATION PIPELINE $30 $20 $10 $0 • Increasing presence in global SURF • Strong industry spend continuing FY21 FY22 FY23 FY24 FY25 FY26F
Slide 14: Riser Systems
ao i $¢ Matrix RISER SYSTEMS Matrix LGS" Drilling Riser Buoyancy Modules RISER SYSTEMS Drilling Riser Buoyancy Modules ADVANCED COMPOSITES FOR SUBSEA DRILLING Strength and durability designed for the world’s toughest depths LINE SYSTEMS Distributed Buoyancy Modules SEAFLOOR SYSTEMS Harvester Buoyanc
Slide 15: Drilling Market
DRILLING MARKET INDUSTRY LEADER DRILL RIG MARKET RECOVERING • +$1B of syntactic foam buoyancy • Drill rig utilisation softened in 2025, delivered by Matrix to the drilling demand being pushed to 2026/27. sector in last 15 years. • New $9m riser buoyancy orders • Global fleet of ~200 Rigs and Drill r
Slide 16: Supporting Energy Transition
SUPPORTING ENERGY TRANSITION OFFSHORE WIND FLOATING WIND LARGEST OPPORTUNITY • Significant global and APAC • Leverage significant production growth projected for offshore wind capacity for buoyancy in mooring to 2030. systems, cables and large floating structures. • Matrix product solutions include
Slide 17: Advanced Materials
ADVANCED MATERIALS • Design and Manufacture of Engineered Polymers • Steel replacement and advanced composites applications • Syntactic foam for Unmanned Underwater Vehicles (UUV) • Targeting opportunities in large, established markets with growth drivers • Energy, • Mining and Infrastructure • Defe
Slide 18: Well Construction: Max R Low Friction Centralizers
Slide 19: Advanced Materials – Energy
ADVANCED MATERIALS – ENERGY HIGH PERFORMANCE WELL CONSTRUCTION PRODUCTS • Established market presence and customer relationships • Extensive track record - since inception in 2013 Matrix has sold approximately 450,000 centralisers - over $50m in sales • Matrix offers a wide number of sizes with inve
Slide 20: High-Performance Composites for Mining
HIGH-PERFORMANCE COMPOSITES FOR MINING $¢ Matrix Designed for uptime, durability and safer operations ‘CONVEYING & TRANSPORT WEAR PROTECTION SCREENING & SORTING. Lightweight Conveyor Composite Screening Components Wear Media Media Ze = —Zv7 aa N CORROSION PROTECTION Humidur® Coatings and Fibrenetic.
Slide 21: Advanced Materials – Mining
ADVANCED MATERIALS – MINING • Established dedicated BD team. • Rio Tinto structural product initial elements have been field deployed. • Initial orders for new screening and wear products. • Focus on conveyor screening and wear products. INCREASING FOCUS KEY CLIENTS
Slide 22: Coating Technologies
COATING TECHNOLOGIES TECHNOLOGY SOLUTIONS PROGRESS • Humidur® Coatings • Expanding east coast presence • Composite repairs • Equipment hire EXTENDING INTO LOCAL RESOURCES SECTOR ENERGY AND RESOURCES MARKETS • LNG • Brownfield developments • Operational maintenance
Slide 23: Advanced Composites for Naval Defence
ADVANCED COMPOSITES FOR NAVAL DEFENCE Bouyancy, acoustic treatments and lightweighting for performance SURFACE LAYER SURFACE LAYER Surface Buoys Destroyers SURFACE LAYER Amphibious Assault Ships SURFACE LAYER Autonomous Surface Vehicles SUBSURFACE LAYER Subsea Bouys SUBSURFACE LAYER Autonomous Under
Slide 24: Advanced Materials – Defence
ADVANCED MATERIALS – DEFENCE WESTERN AUSTRALIAN ENGINEERING & DEFENCE HUB Matrix MATRIX STRATEGICALLY POSITIONED IN THE EMERGING Australian Marine Complex HENDERSON DEFENCE PRECINCT Civmec ASC • $12 billion committed for a defence precinct in BAE Systems Henderson for AUKUS, defence sustainment and
Slide 25: Matrix's FY26 Outlook
MATRIX’S FY26 OUTLOOK • Revenue $80m+ expected FY26, well-positioned for YOY growth. • Project timing sees revenue, profitability heavily weighted to 2H, expecting positive EBITDA for full year FY26. • Near term Subsea opportunities remain, potentially adding to FY26, and start building order book f
Slide 26: Contact
CONTACT AARON BEGLEY CHIEF EXECUTIVE OFFICER T: +61 8 9412 1200 E: aaron.begley@matrixengineered.com BRENDAN COCKS CHIEF FINANCIAL OFFICER T: +61 8 9412 1200 E: brendan.cocks@matrixengineered.com MATRIXENGINEERED.COM WWW.MATRIXENGINEERED.COM