Slide 1: Year Results for the year ended 30 June 2026
fuieeYEAR RESULTS FOR THE YEAR ENDED 30 JUNE 2026
Slide 2: Agenda
01 FINANCIAL HIGHLIGHTS 02 RESTORING THE FUNDAMENTALS 03 SEGMENTAL OVERVIEW 04 FINANCIAL RESULTS 05 KEY MESSAGES 06 APPENDICES
Slide 3: Tram Grade Separation Projects - South Australia
TRAM GRADE SEPARATION PROJECTS- SOUTH AUSTRALIA
Slide 4: Achievements in the year
Achievements in the year Reduction in overheads through Improved operating performance organisational efficiency and by A$79.7 million effectiveness initiatives Ceased bidding new work in Risk management, formal review Southeast Asia and concluded and revised risk appetite settlement on J108 complet
Slide 5: Financial Highlights | Results Summary
Financial Highlights | Results Summary Operating earnings before capital items Headline loss A$19.3 million (R221 million) A$4.0 million (R51 million) 30 June 2025 | A$60.4 million (R693 million) loss 30 June 2025 | A$84.6 million (R975 million) loss Revenue Headline loss per share A$2.3 billion (R2
Slide 6: Financial Highlights | FY performance
Financial Highlights | FY performance Revenue Infrastructure revenue in line with expectations. Strong revenue growth A$m 2026 2025 in both Building and Mining segments in the year. Revenue 2 304.6 2 629.9 Operating earnings before capital items2 (EBIT) Change1 (12.4%) ‒ Exceptional growth in Buildi
Slide 7: Financial Highlights | FY performance
Financial Highlights | FY performance Work in hand ‒ Improved in Infrastructure with new work won in chosen A$m 2026 2025 Change disciplines. Work in Hand 3,117 3,216 (3%) ‒ Strong order book in Building segment on the back of focused and deliberate pursuit within healthcare, recreation and Infrastr
Slide 8: Restoring the Fundamentals
(\? RESTORING THE FUNDAMENTALS
Slide 9: Outer Berth Harbour Expansion
OUTER BERTH HARBOUR EXPANSION VICTORIA, AUSTRALIA
Slide 10: FY26 – FY29 | Driving long-term shareholder value
FY26 – FY29 | Driving long-term shareholder value FY25 FY26 FY27 FY28 FY29 From an operating loss of To a company capable of producing A$60.4 million in the prior year to Ensuring delivery through our strong consistent, reliable, and maintainable operating earnings of A$19.3 million in brands in key
Slide 11: Progress made, work still to do
Progress made, work still to do Guided by the strategic mandate of the Interim CEO, the Group achieved improved outcomes during the year, while acknowledging that additional work is required to realise its full potential. Stabilised the business and created a stable platform for the future ‒ Sustain
Slide 12: Progress made, work still to do
Progress made, work still to do Organisational review conducted and implemented ‒ Engineering function reorganised to be closer to business units. ‒ Engineering led thinking entrenched in tendering and project delivery. ‒ Australian and Corporate functions reorganised to remove duplication, improve
Slide 13: Specific projects update
Specific projects update Kidston Pumped Storage Hydro Operational performance ‒ Major work in the powerhouse is complete, commenced mechanical & electrical installations and progressing completion of tailraces. ‒ Preparing to commence commissioning in 2027 calendar year. ‒ During the year, the cost
Slide 14: Removing uncertainty in Aveng Africa
Removing uncertainty in Aveng Africa Significant actions taken to resolve historical matters, resulting in a material de-risking. ‒ Significant strides taken to resolve the Voluntary Rebuilding Programme (VRP) with the South African Government. ‒ Leonardo arbitration concluded with an expectation of
Slide 15: Segmental Overview
og SEGMENTAL OVERVIEW
Slide 16: Fanga'uta Lagoon Bridge
FANGA’UTA LAGOON BRIDGE TONGA, PACIFIC ISLANDS
Slide 17: Segmental Overview | Infrastructure
Segmental Overview | Infrastructure Portfolio excluding Kidston and loss making projects in SEA operating at A$m 2026 2025 improved margin Revenue 1,451.1 1,900.4 63% Over 65 years 73 Operating earnings (28.2) (45.7) of Group Revenue operating history active contracts Operating margin (1.9%) (2.4%)
Slide 18: Segmental Overview | Building
Segmental Overview | Building 100% of projects profitable with 92% of projects above tender margin A$m 2026 2025 24% 40 years 24 Revenue 554.8 491.1 of Group Revenue operating history active contracts Operating earnings 47.0 17.0 Overall Operating margin 3.5% 8.5% ‒ Revenue continues to grow followi
Slide 19: Segmental Overview | Mining
Segmental Overview | Mining A$m 2026 2025 13% Over 60 years 2 Revenue 313.5 252.6 of Group Revenue operating history active contracts Operating earnings 12.9 0.2 Gamsberg Operating margin 4.1% 0.1% ‒ Production and profitability in line with expectations. ‒ Steadily increasing volumes as additional
Slide 20: Financial Results
6 FINANCIAL RESULTS
Slide 21: Punt Road Oval Redevelopment
PUNT ROAD OVAL REDEVELOPMENT VICTORIA, AUSTRALIA
Slide 22: Financial Results | Financial Performance
Financial Results | Financial Performance A$m 2026 2025 Change 1 Revenue decreased across the Infrastructure segment by 23.6%, with a Continuing Operations corresponding 13.0% increase in revenue in Building and 24.1% in Mining Revenue 2,304.6 2,629.9 (12.4%) segment. Under performing projects repre
Slide 23: Financial Results | Segmental Results
Financial Results | Segmental Results Aveng A$m Total Infrastructure Building Mining Aveng Legacy Corporate and eliminations Continuing Operations Revenue 2,304.6 1,451.1 554.8 313.5 - (14.8) Gross earnings 150.6 53.6 63.6 23.4 10.1 - Gross margin % 6.5% 3.7% 11.5% 7.5% 100% - EBITDA 93.4 1.3 49.0 5
Slide 24: Financial Results | Financial Position
Financial Results | Financial Position A$m 2026 2025 Change 1 Non-current assets 378.9 385.4 (1.7%) Current assets 571.0 653.6 (12.6%) Total assets 949.9 1,038.9 (8.6%) Stated capital 548.5 548.4 (0.1%) Foreign currency translation reserve (953.9) (950.7) (0.3%) Retained earnings 582.5 593.8 1.9% Ot
Slide 25: Financial Results | Financial Position
Financial Results | Financial Position Movements in Property, plant & equipment and Right-of-use Assets (A$m) 86.7 272.7 3.5 266.8 ‒ Additions represent continued re-investment in replacement mining (74.1) (12.0) equipment and components in Mining segment and strategic PPE & (10.0) ROU equipment in
Slide 26: Financial Results | Financial Position
Financial Results | Financial Position Movements in working capital 3.0 6.9 37.0 (202.0) (197.0) 8.7 (50.6) Opening Inventories Trade & other Contract Contract Trade & Closing Balance receivables assets liabilities other Balance payables ‒ Minimal net movement in inventories, trade & other receivabl
Slide 27: Financial Results | Liquidity
Financial Results | Liquidity Movement in cash (A$m) 92.2 5.2 (14.9) (6.8) 53.6 267.3 (20.8) (81.3) (45.0) (24.1) (0.1) 225.3 Opening Cash from Working capital Net finance Taxation Proceeds from Capital New external Net repayment of Net payment of Other Closing Balance operations change charges disp
Slide 28: Key Messages
O65 KEY MESSAGES
Slide 29: Work to be done
Work to be done Continue to improve consistency and reliability of operational performance Complete the Kidston project Grow order book whilst maintaining tender risk Complete orderly exit from discipline Southeast Asia Resolve commercial disputes Rebuild the balance sheet, with and historical matte
Slide 30: Achievements in the year
Achievements in the year Reduction in overheads through Improved operating performance organisational efficiency and by A$79.7 million effectiveness initiatives Ceased bidding new work in Risk management, formal review Southeast Asia and concluded and revised risk appetite settlement on J108 complet
Slide 31: Appendices
OB APPENDICES
Slide 32: Appendices | Comprehensive Income
Appendices | Comprehensive Income Rm 2026 2025 Change 1 Continuing Operations Revenue 26,400 30,987 (14.8%) Gross earnings 1,726 951 81.5% Gross margin % 6.5% 3.1% 3.5% EBITDA 1,069 51 >100% Depreciation & amortisation (848) (744) (13.9%) Operating earnings / (loss) after capital items (EBIT) 221 (6
Slide 33: Appendices | Financial Position
Appendices | Financial Position 2026 2025 Change 1 Rm Non-current assets 4,301 4,499 (4.4%) Current assets 6,470 7,615 (15.0%) Total assets 10,771 12,114 >100% Stated capital 4,820 4,818 (0.0%) Accumulated losses (4,187) (4,055) (3.3%) Other equity 1,383 1,531 9.7% Total equity 2,016 2,294 12.1% Non
Slide 34: Appendices | Delivering through strong brands in key sectors
Appendices | Delivering through strong brands in key sectors Market Geographies Target Sectors opportunities • FY2027 outlook supported by work in Work in hand Water & Infrastructure hand and preferred project positions, A$1.7b Australia wastewater combined with a healthy pipeline of Preferred work
Slide 35: Appendices | Organogram
Appendices | Organogram Infrastructure Mining • Moolmans is a tier-one contract mining business operating in Africa with a primary focus on open- • McConnell Dowell is an engineering-led specialist cast mining. in multidisciplinary contract work, delivering infrastructure solutions in the transport,
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Slide 37: Disclaimer
Disclaimer Aveng Limited or Aveng Group does not make any representation or warranty, express or implied, as to the accuracy, completeness, adequacy or reliability of any statements, opinions, estimates or other information contained in this document (any of which may change without notice). To the