13 slides from Mitchell Services's shareholder meeting presentation, Oct 15, 2025
Slide 1: Annual General Meeting 2025
ANNUAL GENERAL MEETING 2025 15 October 2025 For personal use only ASX:MSV
Slide 2: CEO Presentation
2 For personal use only CEO PRESENTATION Andrew Elf Chief Executive Officer Annual General Meeting 2025
Slide 3: Disclaimer
3 DISCLAIMER For personal use only This investor presentation has been prepared by Mitchell Services Limited (“the Company”). The information contained in this presentation does not take into account the investment Information in this presentation is of a general nature only and should be read in co
Slide 4: Agenda
4 AGENDA For personal use only 1. MARKET PROFILE 2. FY25 OVERVIEW 3. FY25 OPERATIONAL SUMMARY 4. OPERATIONAL UPDATE 5. FY26 Q1 UPDATE 6. FY26 STRATEGY 7. SUMMARY Annual General Meeting 2025
Slide 5: Market Profile
5 MARKET PROFILE For personal use only ASX INFORMATION BOARD OF DIRECTORS ASX Stock Symbol MSV Nathan Mitchell Executive Chairman Shares on Issue (at 13/10/2025) 211,962,408 Scott Tumbridge Non- Executive Director Share Price (at 13/10/2025) A$0.32 Peter Miller Non-Executive Director Market Capitali
Slide 6: FY25 Overview
6 FY25 OVERVIEW For personal use only ▪ FY25 represented a transitional year for the Company, with a significant investment into new projects to replace reduced utilisation due to various factors outside the Company’s control. ▪ A softer coal market (most notably in Qld) was the primary driver for t
Slide 7: FY25 Operational Summary
7 FY25 OPERATIONAL SUMMARY For personal use only ▪ A significant investment was made into newly-won projects and service offerings, most notably: ▪ PNG market entry following the award of a multi-rig, multi-year contract with a global gold mining major ▪ The provision of innovative decarbonisation d
Slide 8: Operational Update
: OPERATIONAL UPDATE • Customer 1 • First project successfully completed For personal use only • Customer 2 • Initial feasibility and consulting work currently in progress • Letter of Intent (LOI) issued to engage Loop for the full in field management of the decarbonisation project • Various other •
Slide 9: The Loop Full-Service Offering
THE LOOP FULL-SERVICE OFFERING From concept through to execution, our unique capabilities We integrate all aspects of the decarbonisation solution, allow us to manage the decarbonisation solution from end- including health, management systems, safety and For personal use only to-end. environmental r
Slide 10: Decarbonisation: An Opportunity in Disguise
Corporate Strategy Global corporates are aligning decarbonisation DECARBONISATION:AN strategies to net zero by 2050 with interim For personal use only targets by 2030. OPPORTUNITY IN DISGUISE WHAT’S DRIVING CHANGE? Safeguard Mechanism The Safeguard Mechanism has commenced, The transition toward a cl
Slide 11: FY26 Q1 Update
11 FY26 Q1 UPDATE For personal use only EBITDA $11.8m EBT $6.1m RETURN ON INVESTED CAPITAL 30% 68% 1,692% 1,007% FROM $7.0m IN FY25 Q1 FROM $0.3m IN FY25 Q1 FROM 3% in FY25 Q1 OPERATING CASHFLOW $9.8m CAPITAL EXPENDITURE $3.6m NET DEBT $0.9m 70% 3% 93% Annual General Meeting 2025 FROM 3.7m IN FY25 Q
Slide 12: FY26 Strategy
12 FY26 STRATEGY For personal use only ▪ The overall strategy of the Company is to optimise the long-term growth of the business and returns to shareholders by: ▪ Maintaining and, where possible, improving the profitability of the existing business ▪ Continue to identify opportunities in the domesti
Slide 13: Summary
13 SUMMARY For personal use only ▪ Quality brand with long history, Tier 1 customer base and high-quality revenue streams ▪ FY25 was a transitional year, marked by investment into new gold and decarbonisation projects to offset lower coal utilisation in Queensland. These strategic moves have reshape