Slide 1: FY2026 Full Year Results
FY2026 Full Year Results 31 August 2026 Paddy Gregg Chief Executive Officer Christian Johnstone Chief Financial Officer
Slide 2: Austal 'at a glance'
Austal ‘at a glance’ A growing defence prime contractor, delivering for the defence and commercial maritime sectors $2.03bn $16.5bn 4,500+ 5 Shipyards FY26 Revenue Order Book (incl. options) Employees Across 4 countries 32 Ships ordered 75 78 8 Service Centres 6 Ships delivered in FY26 Ships under c
Slide 3: Key locations
Key locations A global operational footprint to meet the build and servicing requirements of customers AU S T RALAS IA U S A / AM ERICAS Shipyard locations Location Land Area (m2) Ship Platforms LCS, EPF, MMF, OPC, T-ATS, LCU, T-AGOS, Mobile, USA 467,000 Subs Modules Henderson, Australia 78,344 Patr
Slide 4: FY26 overview
FY26 overview Revenue growing on the back of strong order book, Australasia performance exceptional Revenue Order Book EBIT EBIT margin NPAT EPS Net Cash $2.03bn $16.5bn ($125.2m) (6.2%) ($53.6m) (12.7cps) $186.3m ▲11% ▲27% ▼ 211% ▼ 12% ▼ 160% ▼ 154% ▼ 59% FY25: A$1.8bn FY25: A$13.1bn FY25: A$113m F
Slide 5: Austal Australasia overview
Austal Australasia overview Appointed as the Australian Government’s strategic shipbuilder under SSA with additional commercial shipbuilding and sustainment activities across the region Operating footprint Revenue over time (A$m) Site Location Production Shipyard Service Centre Shipbuilding Support
Slide 6: Financial Highlights
Financial Highlights AUST)
Slide 7: FY26 Performance
FY26 Performance Australian defence contracts drive revenue and profit growth Key Financials Key Commentary A$m FY26 FY25 change # Detailed commentary • Driven by award of Strategic Shipbuilding Agreement (SSA) programs Revenue 2,029.0 1,823.3 11.3% 1 1 • See slide 8 for additional commentary EBITDA
Slide 8: Group Revenue Movement
Group Revenue Movement Award of SSA programs in Australia drives revenue growth Revenue bridge (A$m) $199 $14 $(61) $(2) $2,029 $91 $(35) $1,823 1 2 3 4 5 6 FY2025 USA USA Australasia Australasia FX Consolidation FY2026 Ship Building Support Ship Building Support Translation & Elimination YoY Moveme
Slide 9: Group EBIT Movement
Group EBIT Movement USA onerous contracts offset a record Australasia result EBIT bridge (A$m) $113 $(250) $(125) $(54) $17 $3 $13 $32 1 2 3 4 5 6 FY2025 USA USA Australasia Australasia FX Corporate FY2026 Ship Building Support Ship Building Support Translation YoY Movement ▼1155% ▼70.9% ▲134.5% ▲14
Slide 10: Segment Breakdown
Segment Breakdown Australasian business providing greater contribution: Revenue: 95% defence, 5% commercial FY26 Australasia Illustrative revenue split FY25 FY26 FY2026, A$m Shipbuilding Support Total 24% 32% Revenue 447.9 ▲199.0 202.7 ▲13.7 650.7 ▲212.7 EBIT 55.5 ▲31.8 29.8 ▲17.5 85.3 ▲49.3 76% 68%
Slide 11: Balance sheet
Balance sheet Balance sheet reflective of increased investment in capacity and capability Summary balance sheet Key Commentary A$m, FY2026 Jun 26 Jun 25 % change # Detailed commentary Cash & cash 311.9 583.9 (46.6)% 1 1 equivalents • Driven by capital expansion. See slide 13 for commentary Inventory
Slide 12: Group Cash Movement
Group Cash Movement FY2026 net cash outflow reflects MMF3 construction progress Cash bridge (A$m) $62 $(5) $(321) $584 $(1) $(14) $7 $312 1 2 3 4 Jun 2025 Net cashflow from Sustaining capex Enhancing capex Debt Lease principal FX Impact Jun 2026 operations obligation YoY ▼(343.8) m ▼(2.0) m ▼(174.9)
Slide 13: Business Overview
Business Overview = AUSTAL 13
Slide 14: Australasia: Operational highlights
Australasia: Operational highlights Austal secured as Strategic Shipbuilder, with a record order book of future defence & commercial work Defence Commercial Program Client Status Program Client Status Zero Carbon, 66m Sailing Cargo Guardian Class Patrol Boat (GCPB) CoA Complete VELA Ongoing Trimaran
Slide 15: Australasia: Defence orderbook
Australasia: Defence orderbook Record order book of long dated future defence programs Remaining vessel forecast profile Australasia order backlog A$bn, approximate Delivered Program FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35+ +670% to date 5.6 Guardian Class Patrol Boat 24 Complete (GCPB) Evolved
Slide 16: Australasia: Henderson Defence Precinct
Australasia: Henderson Defence Precinct Where critical maritime capabilities for the Australian Defence Force will be built, including Navy’s future General Purpose Frigates and Army's Landing Craft • On 24 August 2026, the Australian and WA Governments announced the selected site for the Henderson
Slide 17: USA: Operational highlights
USA: Operational highlights Significant submarine module manufacturing uplift enabled by capex investment in MMF3 (Phase 1 operational), with MMF3 completion due in December 2026 Vessel and Program Update Submarine modules Shipbuilding Support and sustainment • 3 delivered and 3 planned for • 5 LCUs
Slide 18: USA: Defence orderbook
USA: Defence orderbook Significant order book >A$10bn in place across a range of ongoing and future programs Remaining vessel forecast profile USA order backlog(1) Delivered A$bn, approximate Program to date FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35+ Littoral Combat Ship 19 (LCS) (US Navy) 12.3 (
Slide 19: Through life support & sustainment
Through life support & sustainment Targeting A$500m in revenue by FY27 Key Commentary Support and Sustainment Revenue (A$m) Continued growth in support and sustainment revenue supported by: 467 477 • Addressable market growth across the US and Australia through the 441 increasing number of Austal sh
Slide 20: Austal technology
Austal technology A strong focus on technology development and innovation for future growth Key Technology Offerings MARINELINK Prime Motion Control VANTAGE Next-gen version of the MARINELINK integrated Advanced vessel stability program — interceptors, roll Autonomy-ready, optionally crewed vessel p
Slide 21: Outlook
Outlook ———— AUSTAL 2!
Slide 22: Strategic outlook
Strategic outlook Increasing defence expenditure, A$16.5bn order book and strategic positioning support positive outlook Market demand Delivery and returns Capacity investment Defence spend Shipbuilding Henderson — Precinct Upgrades • Strong tailwinds from increasing defence expenditure • Australasi
Slide 23: Glossary
Glossary AFDM Auxiliary Floating Dock Module LCU Landing Craft Utility CCPB Cape Class Patrol Boat LUSV Large Unmanned Surface Vessel DDG(X) Next Generation Guided Missile Destroyer MMF3 Module Manufacturing Facility #3 (for submarine modules) ECCPB Evolved Cape Class Patrol Boat NGLS Next Generatio
Slide 24: Disclaimer
Disclaimer This presentation and any oral presentation accompanying it has been prepared by Austal Limited (“Austal”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in Austal or as an inducement to make an offer or invitation with respect to those
Slide 25: Further Information
Further Information Paddy Gregg, Chief Executive Officer Telephone: +61 8 9410 1111 ASX: ASB www.austal.com Company Timeline 1988 2011 2023 2025 Perth, Western Australia Balamban, Philippines Alabama, Mobile Australia Commenced operations Commercial shipbuilding facility T-AGOS contract with total A