Slide 1: Investor Presentation FY2025 Results
Investor Presentation FY2025 Results | 20 August 2025
Slide 2: Agenda
About Lycopodium Financial Highlights Operational Highlights Forward Strategy Outlook & Summary Appendix
Slide 3: About Lycopodium
About Lycopodium
Slide 4: About Us
ABOUT US Lycopodium is a leading global engineering and project delivery organisation Founded in 1992, Lycopodium provides integrated engineering, project, construction and asset management expertise across the project lifecycle With >1,300 staff globally, Lycopodium is built upon long-serving teams
Slide 5: Capabilities & Core Services
CAPABILITIES & CORE SERVICES Focused on a culture of continuous improvement and innovation to maximise asset value PROCESS & EVALUATION DELIVERY OPTIMISATION ENGINEERING Concept development, Design and engineering Project management, from Ensuring assets maintained preliminary analysis, delivering s
Slide 6: Global Scale
GLOBAL SCALE (30-Jun-25) Lycopodium has successfully expanded its operations, >40 $10.4 over several decades, billion resource capex of studies leading delivering a diverse studies to high likelihood projects portfolio of projects globally Lycopodium’s longevity and success is underpinned by long-te
Slide 7: Operating Segments
OPERATING SEGMENTS Core Resources segment, complemented by strategically-aligned Industrial Processes & Rail Resources Industrial Processes Rail Infrastructure Delivering studies and projects spanning major Covering markets such as pharmaceuticals, Provision of design, engineering, technical commodi
Slide 8: Financial Highlights
Financial Highlights
Slide 9: Historical Performance
HISTORICAL PERFORMANCE Lycopodium has achieved a history of sustainable financial performance Revenue ($m) EBITDA ($m) NPAT ($) 348.9 339.6 50.7 327.6 77.1 46.8 70.5 68.7 42.2 14.3% 14.5% 232.2 1 12.4% 11.7% 45.4 27.2 162.2 8.8% 26.5 14.2 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 F
Slide 10: FY25 Financial Highlights
FY25 FINANCIAL HIGHLIGHTS Delivering sustainable returns $339.6 $68.7 $60.5 Key Highlights • Both revenue and NPAT achieved in FY25 are at million million million the top end of the guidance provided in February Revenue EBITDA PBT 2025 (Full Year Guidance: Revenue $320m - $340m, NPAT $37m - $43m) •
Slide 11: FY25 Balance Sheet
FY25 BALANCE SHEET Strong balance sheet, minimal debt FY2025 FY2024 A$’000 A$’000 • Cash increase due to strong operating cash inflow from activities - $37.2 million (+45% vs prior period) Current Assets 200.6 180.4 • Working capital level remains consistent with prior periods Total Assets 241.1 217
Slide 12: Operational Highlights
Operational Highlights
Slide 13: Highlights – Company
HIGHLIGHTS – COMPANY Geographical expansion supporting market growth • Geographical expansion in the Americas – SAXUM acquisition, with offices in Argentina, Brazil and USA, establishment of office in Vancouver and expanding team in Lima Investment in systems and people • Rebrand of ADP in Africa to
Slide 14: Highlights – Resources
HIGHLIGHTS – RESOURCES Significant portfolio of studies and projects in delivery Notable FY25 highlights include: Key milestone – first gold pour • Kiaka Gold Project (Burkina Faso, West African Resources) – June 2025 • Goose Project (Canada, B2Gold) – June 2025 • Boto Gold Project (Senegal, Managem
Slide 15: Resources – Major Project Status
RESOURCES – MAJOR PROJECT STATUS Current WIH includes 40+ studies, through to projects in delivery and completion¹ Engineering/early stages Onsite delivery – progressing Commissioning/completed Project Client Commodity Location Twin Hills Osino Resources Gold Namibia Nyanzaga Perseus Gold Tanzania T
Slide 16: Highlights – Industrial Processes
HIGHLIGHTS – INDUSTRIAL PROCESSES Leading our energy-related initiatives Notable FY25 highlights include: Modular Battery Recycling Facility – FBICRC • Completed design of modular facility for mixed battery recycling in regional Australia • Objective to provide simple-to-operate facility with capaci
Slide 17: Highlights – Rail Infrastructure
HIGHLIGHTS – RAIL INFRASTRUCTURE Recognised as one of Australia’s premier rail design partners Notable FY25 highlights include: Design and Engineering • Level crossing compliance assessments and upgrade designs to improve safety at rural locations across interstate rail network – NSW, VIC and SA (AR
Slide 18: SAXUM Acquisition
SAXUM ACQUISITION Strategically-aligned majority acquisition, enhancing offering, delivering South American expansion MULTI- ~$11 MILLION Operations across DISCIPLINARY cash consideration1 ARGENTINA, BRAZIL, engineering and project USA & AUSTRALIA management services DIVERSE SECTOR RICH HISTORY CULT
Slide 19: Community Engagement
COMMUNITY ENGAGEMENT Supporting communities through Lycopodium Foundation Ongoing support of communities in which the Company lives and works, through the Lycopodium Foundation and the charitable spirit of our people Support aligned with Lycopodium’s intrinsic philosophies and values: Social Educati
Slide 20: Case Studies
CASE STUDIES Applying experience and innovation in project delivery for our clients Kiaka Gold Project Kathleen Valley Lithium Project Footprint Reduction Project Client Client Client West African Resources Liontown Resources Anglo American Platinum Location Location Location Burkina Faso Western Au
Slide 21: Forward Strategy
Forward Strategy
Slide 22: Strategy Overview
STRATEGY OVERVIEW Lycopodium’s overarching strategic pillars People & Culture Working Smarter Client & Project Excellence Sustainably Grow the Core Continued focus on ensuring we Leverage tools, systems and data Enhance technical capability and Deliver sustainable growth via have the right people, w
Slide 23: Diversification Strategy
DIVERSIFICATION STRATEGY Diversified end-market exposure across sectors, geographies, commodities and clients Revenue by Geography Revenue by Sector Revenue by Client Type 3% 1% 3% 17% 25% 44% 57% 25% 31% 94% Africa Australia Other Americas Resources Rail Infrastructure Industrial Process Major Glob
Slide 24: Disciplined Risk Management
DISCIPLINED RISK MANAGEMENT Lycopodium’s robust risk approach is a core strength, enabling sustainable long-term value creation • Lycopodium’s risk management framework provides a whole of business approach, ensuring strategic decisions align with Report the Company’s risk appetite • Sets out proces
Slide 25: Innovative Thinking
INNOVATIVE THINKING Lycopodium’s culture of innovation & continuous improvement supports future growth Digital FBICRC Innovative Energy Engineering Collaboration Commercialisation Storage Plant dynamic modelling, Key participant in FBICRC, Development of innovative bin liner Participation in R&D of
Slide 26: Outlook & Summary
Outlook & Summary
Slide 27: Outlook
OUTLOOK Supported by macroeconomic and industry drivers As it relates to FY26 outlook, Lycopodium provides the following observations: Overall demand drivers for Lycopodium’s innovative engineering and delivery solutions continue to expand, supported by the Company’s bespoke and modular engineering
Slide 28: Lycopodium Summary
LYCOPODIUM SUMMARY Secure, stable and sustainable Deep engineering expertise Disciplined risk management Strong history of execution Capital light approach Long-serving knowledgeable teams High-quality, balanced portfolio Sustainable financial and operational Managing local workforce on of high cali
Slide 29: Appendix
Appendix
Slide 30: Project Phases
PROJECT PHASES Generating value across each phase of the project lifecycle Through early and extended project engagement from Lycopodium’s potential revenue generation at each phase (as % of project capex value) concept/feasibility to completion, Lycopodium enhances its market position – across phas
Slide 31: Value Chain
VALUE CHAIN Lycopodium’s core capabilities and broad expertise deliver returns across the project lifecycle PROCESS & EVALUATION DELIVERY OPTIMISATION ENGINEERING Concept development, Design and engineering Project management, from Ensuring assets maintained preliminary analysis delivering solutions
Slide 32: Clients
CLIENTS Established enduring client partnerships over the past three decades Rail Infrastructure Resources Industrial Processes 32
Slide 33: Board & Management
BOARD & MANAGEMENT Long-term, stable board and management Rodney (Rod) Leonard Peter De Leo Bruno Ruggiero Karl Cicanese Chairman Managing Director & CEO Executive Director Executive Director Louise Bower Michael (Mick) Caratti Robert Radici Justine Campbell Non-Executive Director Non-Executive Dire
Slide 34: Contact Us
Contact Us Peter De Leo Sam Wells Managing Director & CEO, Lycopodium Limited Investor Relations (NWR Communications) +61 8 6210 5222 +61 (0) 427 630 152 sam@nwrcommunications.com.au Disclaimer Information in this presentation, including forecast financial information and forward-looking statements,