Macmahon Holdings Limited · ASX:MAH
Macmahon — Shareholder Meeting (October 2025)
24 slides from Macmahon's shareholder meeting presentation, Oct 24, 2025
Slide 1: Macmahon 2025 Annual General Meeting
xX 7 L = MACMAHON 2025 ANNUAL GENERAL MEETING 24 October 2025
Slide 2: Covalent Logistics Haul Road
Covalent Logistics Haul Road
Slide 3: Macmahon Board of Directors
Macmahon Board of Directors CURRENT DIRECTORS NEW DIRECTOR FROM 1 NOV 2025 Gs HAMISH TYRWHITT* MICHAEL FINNEGAN DHARMENDRA CHANDRAN SUZAN PERVAN Independent, Managing Director Independent, Independent, Non-Executive Chair and Chief Executive Officer Non-Executive Director Non-Executive Director GREG
Slide 4: Macmahon Management Team
Macmahon Management Team os Gs MICHAEL FINNEGAN URSULA LUMMIS PETER POLLARD NICOLA HAMILTON MAHA CHAAR BRYN VAUGHAN CEO & Managing Director Chief Financial Officer Chief Corporate Chief People Officer General Counsel Group Manager - Development Officer & Company HSSEQT Secretary JASON MCCALLUM LUKE
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Slide 6: AGM Proceedings
AGM Proceedings PROCEDURE FOR MEETING CHAIR’S ADDRESS MANAGING DIRECTOR & CEO’S ADDRESS ORDINARY BUSINESS: * Reports and Accounts * Resolution 1: Adopt Remuneration Report * Resolution 2: Re-election of Mr Greg Evans as a Director 5. SPECIAL BUSINESS * Not applicable . OTHER BUSINESS 1. 2. 3. 4. CQQ
Slide 7: Chair's Address
MACMAHON Chair’s Address Hamish Tyrwhitt UNITED | COURAGE | INTEGRITY | PRIDE
Slide 8: Managing Director & CEO's Address
Q) MACMAHON Managing Director & CEO’s Address Mick Finnegan UNITED | COURAGE | INTEGRITY | PRIDE
Slide 9: FY25 Financial Highlights
FY25 Financial Highlights Record revenue and earnings Revenue Underlying EBITDA' Underlying EBIT(A)! $2.4bn 2.0% $387.4m 2.x = $171.4M 22 FY26 Secured Revenue of $2.1 bn 16.0% EBITDA margin 7.1% EBIT(A) margin Underlying Operating Cash Flow? Free Cash Flow? Total Dividend $407.4M «5% $140.7m.:. 1.50
Slide 10: FY25 Highlights
FY25 Highlights Surface Mining Q MACMAHON + Secured $900m, three year extension at Byerwen * Awarded $500m+ of new work in Indonesia + Signed an Alliance, Life of Mine Mining Services Agreement with Cyprium Metals Underground Q) MACMAHON + Secured $90m, two year extension at Daisy Milano and strateg
Slide 11: People and Safety
People and Safety Continued growth in workforce with focus on safety and development SAFETY * Group TRIFR decreased from 3.64 in FY24 to 2.99 in FY25 * Enhanced our critical risk management and data analytics capabilities including the development of learning resources for Critical Risk Standards TR
Slide 12: Strategic Journey Towards Lower Capital Intensity Services
Strategic Journey Towards Lower Capital Intensity Services Increased ROACE target to 25% FY17 Revenue Mix FY25 Revenue Mix d sssom) ) (> FY17 Pipeline FY25 Pipeline a $6.1bn Our Strategic Target Revenue Mix | ROACE TARGET >25%! Increased from 20% CQQMACMAHON surface [Mill underground I Civil infrast
Slide 13: Dividends per share and payout ratio
1.8 150.0% 1.6 1.50 130.0% 1.4 110.0% 1.2 1.05 90.0% 1 70.0% 0.8 0.75 0.65 0.65 0.6 50.0% 0.6 0.5 30.0% 0.4 31.2% 22.8% 21.7% 23.3% 24.0% 10.0% 0.2 18.5% 18.2% 0 -10.0% 1H DPS FY DPS % of EPS 13
Slide 14: FY26 Guidance & Priorities
FY26 Guidance & Priorities Outlook for further growth in FY26 FY26 PRIORITIES FY26 GUIDANCE * No life changing events, reduction in TRIFR * Continuing to drive operational improvements . . . Revenue Underlying EBIT(A) » Remain focused on increasing ROACE, Free Cash Flow generation and reducing Net D
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Slide 16: Reports and Accounts
Reports and Accounts To receive and consider the Financial Report for the year ended 30 June 2025 and the related: 1. DIRECTORS’ REPORT 2. AUDITOR’S REPORT C.MACMAHON 16
Slide 17: Resolution: Adoption of Remuneration Report
Resolution 1 ADOPTION OF REMUNERATION REPORT * The Remuneration Report is included on pages 55-71 of the Directors’ Report in the 2025 Annual Report. To consider and, if thought fit, to pass the following as an ordinary resolution: “That for the purposes of section 250R(2) of the Corporations Act an
Slide 18: Resolution: Remuneration Report Voting Results
Resolution 1 ADOPTION OF REMUNERATION REPORT For 1,663,697,954 98.98% Against 14,751,319 0.88% At the Proxy’s Discretion 2,273,601 014% Abstain 237,161 - 1,680,722,874 100% Total Proxy Votes (CQQMACMAHON 18
Slide 19: Resolution: Re-election of Mr Greg Evans
Resolution 2 RE-ELECTION OF MR GREG EVANS AS A DIRECTOR * To consider and, if thought fit, to pass the following as an ordinary resolution: “That Mr Greg Evans, a Director appointed by the Board to fill a casual vacancy during the year, who retires from the office of Director in accordance with rule
Slide 20: Re-election of Mr Greg Evans as a Director
Resolution 2 RE-ELECTION OF MR GREG EVANS AS A DIRECTOR C.MACMAHON Mr Greg Evans was appointed as a Non-Executive Director with effect from 1 November 2024 (see ASX release dated 17 September 2024). Mr Evans is Chair of the Board’s Audit and Risk Committee and a member of the Nomination Committee. M
Slide 21: Resolution: Re-election Voting Results
Resolution 2 RE-ELECTION OF MR GREG EVANS AS A DIRECTOR For 1,629,214,015 96.95% Against 48,853,304 2.91% At the Proxy’s Discretion 2,273,601 014% Abstain 619,115 - 1,680,340,920 100% Total Proxy Votes (CQQMACMAHON 21
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Slide 23: I ee
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Slide 24: Important Notice and Disclaimer
Important Notice and Disclaimer Disclaimer as to forward looking statements This presentation contains forward looking statements, including statements of current intention, statements of opinion and predictions as to possible future events. These forward looking statements are based on, among other
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