Slide 1: ASX Announcement: Investor Briefing Presentation
ASX ANNOUNCEMENT 31 March 2026 INVESTOR BRIEFING PRESENTATION Australian engineering, construction, and remediation contractor Duratec Limited (Duratec or the Company) (ASX: DUR) advises that the Company will host an investor briefing in Sydney today, 31 March 2026. A copy of the investor presentati
Slide 2: Duratec Limited Investor Briefing
Duratec Limited Investor Briefing Sofitel Sydney Wentworth | 31 March 2026
Slide 3: Important Notice & Disclaimer
Important Notice & Disclaimer This presentation has been prepared by Duratec Limited (ACN 141 614 075) ("Duratec", "Duratec Group" and the "Company"). The information contained in this presentation is for information purposes only. The information contained in this presentation is not investment or
Slide 4: Welcome
Welcome Chris Oates Managing Director
Slide 5: Acknowledgement of Country
Acknowledgement of Country We acknowledge the Traditional Custodians of Country throughout Australia and their connection to land, sea and community. We also pay respect to Elders past, present and emerging. We extend that respect to all Aboriginal and Torres Strait Islander peoples today.
Slide 6: Overview of Proceeding
Overview Chris Oates of Proceeding Managing Director
Slide 7: Interactive Q&A Platform
Interactive Q&A Platform Today, we will be using Slido to collect questions, which will be addressed during the Q&A and intermittently throughout the session. You can now take out your phones, go to slido.com and type in the event code #Duratec3103. Please provide your company name when submitting q
Slide 8: Panellists & Speakers
Panellists & Speakers MODERATOR PANELLIST PANELLIST PANELLIST PANELLIST GREG OATES CHRIS OATES TRISTAN REES NIGEL KROONSTUIVER ASHLEY MUIRHEAD Executive Manager Managing Director Chief Operations Officer National Energy Manager Chief Financial Officer Pre-Contracts PRESENTER PRESENTER PRESENTER PRES
Slide 9: Business History
Business History Growth over 15 years RC Construction (DDR) KEY BUSINESS DRIVERS AsClear • Aged infrastructure A&B CAGR1 Welding • Asset capacity expansion (WPF) GFE • Growing asset markets 30.2% WPF (WPF) Listed on ASX KEY MARKET SECTORS DDR Spatial Division • Defence Australia • Mining & Industria
Slide 10: Building & Facade
Building Greg Oates Executive Manager & Facade Pre-Contracts
Slide 11: Introduction
Introduction Greg Oates – Executive Manager Pre-Contracts Current: • Executive Management Team Member • MEnD – Board Member • Responsible for developing and strengthening client relationship and ensuring a robust and growing pipeline of projects across the Group Previous: • Original Management Team
Slide 12: Performance
Performance 1H FY26 Performance $64.3m $13.0m 20.2% Revenue Gross Profit Gross Margin • Record revenue achieved, representing strongest half-year performance to date • Heritage projects continue as a focus for clients, our expert delivery of façade remediation is driving this trend • Façade remediat
Slide 13: Outlook
Outlook • QLD – Heritage works continue to lead the way • NSW – Recent awards and strong pipeline • ACT – Record year • VIC – Solid results from work in hand • SA – Recent awards and ECI opportunities • WA – Good tendering activity and work on hand • NT – Completion of flagship project the State Squ
Slide 14: Outlook – Key Drivers
Outlook – Key Drivers • ECI – We have been focusing on ECI projects for some time and the results of this are starting to take place • We manage the design and price accordingly • BIM AND DIGITAL TECHNOLOGY – Pushing boundaries of software and how we use that to gain efficiency and an edge in the ma
Slide 15: Mining & Industrial
Mining Tristan Rees & Industrial Chief Operating Officer
Slide 16: Introduction
Introduction Tristan Rees – Chief Operations Officer Current: • Executive Management Team Member • Duratec – Chief Operations Officer • DDR – Board Member • EIG – Board Member Previous: • National Defence Manager Duratec Limited | Investor Briefing | 31 March 2026 15
Slide 17: Mining & Industrial
Mining & Industrial 1H FY26 Performance $57.7m $11.8m 20.4% Revenue Gross Profit Gross Margin • Revenue impacted by delays in major project awards • BHP portfolio further diversified with Port Maintenance revenue stream now active • Mining services offering enhanced with new in-house mechanical and
Slide 18: Outlook – Mining and Industrial
Outlook – Mining and Industrial • Pilbara Further growth opportunities with BHP through their Port Engineering teams with multiple contracts secured on their assets. Diversification of Hancock and FMG portfolios based on strong relationships and consistent performance for these clients. • Establishm
Slide 19: Defence
Defence Tristan Rees Chief Operating Officer
Slide 20: Defence
Defence 1H FY26 Performance $82.2m $13.4m 16.3% Revenue Gross Profit Gross Margin • Early procurement commenced for DEJV works at HMAS Stirling ($5m, announced 8 January), recent order for a further $9m of early on-site works to ensure programme targets are met • First construction company in Austra
Slide 21: Outlook – Defence
Outlook – Defence • Overall Duratec’s Defence Sector is poised for significant growth in the 4th quarter and into FY27 and FY28. • Navy Significant opportunities associated with the staged delivery of Sovereign Nuclear Submarine Capability in Australia with billions of dollars of investment across A
Slide 22: Outlook – Defence
Outlook – Defence • Airforce Ongoing investment in Forward Operating Bases in North of Australia in particular Liquid Fuel Storage and specialised training facilities. RAAF Learmonth Fuel Facility is one of the higher probability opportunities in this portfolio valued ~ $160m and forecasted for awar
Slide 23: Energy
Energy Nigel Kroonstuiver National Energy Manager
Slide 24: Introduction
Introduction Nigel Kroonstuiver – National Energy Manager Current: • Executive Management Team Member • WPF Duratec Pty Ltd – Managing Director • EIG – Board Member • Duratec Group – Integration Manager Previous: • Original Management Team 2010 • Mining Lead, originally Goldfields-based prior to mov
Slide 25: Energy
Energy 1H FY26 Performance $27.3m $8.3m 29.3% Revenue Gross Profit Gross Margin • Softer revenue in 1H FY26 due to project timing of awards and conclusion of WSA contract • Acquisition of EIG (AMD Electrical) bringing electrical and fuel systems expertise in-house • Expanded WPF into Queensland, lev
Slide 26: Outlook - Oil & Gas
Outlook - Oil & Gas WOODSIDE • Continue offshore on the Goodwyn Platform + assisting with Scarborough FPU hook-up • KBSB Fenders Install project $20m largely completed • EOI and Pre-contract works for the Tug Pen Finger replacement +$20m (FY27/FY28) SANTOS • Continue with B Tank refurbishment, appro
Slide 27: Outlook - Oil & Gas
Outlook - Oil & Gas APA • Continue to make inroads with the National Agreement and have completed and tendered multiple repair projects following establishment of WPF in Queensland CHEVRON • Continue to grow the fabrication services contract in the WPF WA Workshop • Focus will shift to site works an
Slide 28: Outlook - Fuel
Outlook - Fuel PERTH AIRPORT (PAPL) • New fuel farm as part of the $5b Perth upgrade • Similar to Tindal and WSA and the Learmonth design • Tendered the ECI to take the design to 40% (current 0%) • Price and Program Main works (approximately $200m) start 2027 • Joint Venture with WCC (PAPL Incumbent
Slide 29: PNG Newmont Well Decommissioning
Energy PNG NEWMONT WELL DECOMMISSIOING • Plugging of geothermal wells for Newmont’s Lihir operations • Sourcing model established for further Newmont work scopes • Establishes Duratec as an Energy services provider in a high-barrier market • PNG Energy market is long-life and capital-intensive • Ini
Slide 30: Harriet Alpha Decommissioning
Harriet Alpha Decommissioning Duratec Limited | Investor Briefing | 31 March 2026 29
Slide 31: DDR
Tom Hutcheson DDR Director DDR Phil Harcourt Duratec & DDR Director
Slide 32: Introduction
Introduction Tom Hutcheson – Chairman Current: • Majority Owner and Chairman of DDR • Owner and Chairman of Dundee Rock • Owner and Chairman of Dundee Services Duratec Limited | Investor Briefing | 31 March 2026 31
Slide 33: Introduction
Introduction Phil Harcourt – Non-Executive Director Current: • Non-Executive Director of DDR • Non-Executive Director of Duratec Limited Previous: • MD of Duratec Limited • MD of Duratec Australia Pty Ltd • CEO of Savcor Global Duratec Limited | Investor Briefing | 31 March 2026 32
Slide 34: Performance
Performance 1H FY26 Performance $56.6m $10.8m Revenue 1 Gross Profit • Gross profit achieved 16.5% increase from same period in FY25 • Record $95m of work in hand • Quoted works >$200m across Defence, Renewables and Infrastructure sectors • Successful regional expansion of RC Construction to SA and
Slide 35: Outlook - DDR
Outlook - DDR • DDR established as a highly respected Tier 1 Indigenous Head Contractor with self-perform civil and concrete capabilities through RC Construction • WIH increased to $120m • Continuation of Estate Works at RAAF Darwin and Robertson Barracks marking 6+ years of continuous presence on t
Slide 36: Business History
Business History Growth over 8 years KEY BUSINESS DRIVERS • Government & Defence Infrastructure RC Construction • Self-performance civil and concrete capability • Selective geographic and sector diversification • Differentiated Indigenous participation model (DDR) KEY MARKET SECTORS • Defence • Gove
Slide 37: Outcomes - DDR
Outcomes - DDR Outcomes and Engagement • DDR cements itself in the top 5 biggest Majority Owned businesses in Australia • Spend on other indigenous businesses averaging 33% • Direct Indigenous Employment of > 26% and > 25% female participation • New training and engagement plan in the NT to be rolle
Slide 38: DXP Energy Solutions
DXP Bill Easson Energy Solutions DXP – Managing Director
Slide 39: Introduction
Introduction Bill Easson – Managing Director, DXP Current: • Managing Director • DXP – Board Member Previous: • VP Projects, Drilling & Decommissioning - Santos • SVP Projects and Value - Oil Search • SVP Drilling and Completions - Oil Search Duratec Limited | Investor Briefing | 31 March 2026 38
Slide 40: Building Duratec's Energy Platform
Building Duratec’s Energy Platform • Joint venture between Duratec (70%) and Proxima Energy (30%) • Expands Duratec into the Oil & Gas and Energy infrastructure market • Combines Duratec’s delivery capability with Proxima’s sector expertise and relationships • Positions Duratec in growing Energy Tra
Slide 41: Performance
Performance • Joint venture established October 2025 • Initial contracts secured − Brownfields Engineering − Greenfields Engineering − Major 19 well abandonment in PNG ($45m in value through Duratec (PNG) Ltd) • Strategic Opportunities − Joint bid for offshore WA contract (abandonments) − Develop Tu
Slide 42: Performance
Performance • Phase 1 of the Lihir Nearshore Soil Barrier (NSB) Project is to decommission existing geothermal wells • The contract is expected to generate ~A$45m revenue over the 12-month contract term • Additional scope is available to Duratec, as approved by Newmont • Equipment is being mobilised
Slide 43: Outlook & Growth Drivers
Outlook & Growth Drivers • Energy infrastructure across the region is entering a phase of: − Increased field development − Asset life extension − Large-scale decommissioning • Supporting drivers: − Increasing decommissioning obligations − Continued gas development projects − Demand for integrated en
Slide 44: Strategic Value to Duratec
Strategic Value to Duratec • DXP provides Duratec with: − Exposure to the Energy sector lifecycle − Access to new clients and markets − A scalable platform for growth in development, operations and decommissioning − Ability to deploy specialised equipment and services to capture higher-margin scopes
Slide 45: MEnD
MEnD Liam Holloway MEnD – Managing Director
Slide 46: Introduction
Introduction Liam Holloway – MEnD Managing Director Current: • Executive Management Team Member • MEnD – Managing Director • Industry Research Partner CSIRO Data61 Previous: • Adjunct Research Fellow, Monash University • Founder of MEnD Consulting 2014 • National Engineering Manager - Savcor Limited
Slide 47: Performance
Performance • Completed acquisition of RGK Resources, a NATA accredited advanced NDT company servicing Energy sector • Increased MEnD's direct involvement with early-stage Defence feasibility and design projects • Secured and delivered first major 3D Reality Model scope for defence maritime structur
Slide 48: Outlook
Outlook • Early engagement as part of the $5m Story Bridge Restoration Business Case, with forecast restoration costs in the order of $350m • Master Services Agreement with Mott Macdonald to support scoping works as part of their Project Delivery Services under the Base Services Transformation Progr
Slide 49: Innovation
Innovation • Technology Accelerator – Ongoing strategic investment in advance testing and inspection tools to maintain technology advantage with NDT, Robotics and AI focus • The Next Big Thing – Continued development of Industry Partnerships and grant applications with leading technology companies a
Slide 50: Outlook
Outlook Chris Oates Managing Director
Slide 51: Order Book, Tenders and Pipeline
Order Book, Tenders and Pipeline 1, 2 1, 2, 3 1, 2, 4 5 Note 1: As of 23 February 2026 Note 2: Figures include 49% share of DDR Australia Pty Ltd and RC Construction WA Pty Ltd and 70% share of DXP Energy Solutions Pty Ltd, Order Book, Tenders, and Pipeline Note 3: Tenders includes submitted and cur
Slide 52: Outlook
Outlook Short term Outlook • Solid order book expected to grow with potential imminent wins • MSA annuity expected grow in line with total revenue growth • Strong contribution from the energy sector (Inpex, Varanus Island, Decom) • Ramp up of work at HMAS Stirling Garden Island expected in Q4 FY26 •
Slide 53: Questions & Answers
Questions & Answers
Slide 54: Q&A
Q&A MODERATOR PANELLIST PANELLIST PANELLIST PANELLIST GREG OATES CHRIS OATES TRISTAN REES NIGEL KROONSTUIVER ASHLEY MUIRHEAD Executive Manager Managing Director Chief Operations Officer National Energy Manager Chief Financial Officer Pre-Contracts Duratec Limited | Investor Briefing | 31 March 2026
Slide 55: Thank you
Thank you Chris Oates Managing Director
Slide 56: Demonstration Hubs & Networking
Demonstration Hubs & Networking
Slide 57: Duratec Limited Investor Briefing
Duratec Limited Investor Briefing Sofitel Sydney Wentworth | 31 March 2026