Slide 1: FY25 Full Year Financial Results
August 2025 & FY25 Full Year Financial Results r personal usé g
Slide 2: Important Information
For personal use only Important Information This presentation has been prepared by Austin Engineering Limited (ABN 60 078 480 136) (‘Austin’ or the “Company’), The information in this presentation should be read in conjunction with Austin’s continuous disclosure announcements. The information is of
Slide 3: Agenda
Agenda e Results Overview e About Austin e Chile Recovery Plan and Governance e Financial Results e Sector analysis e Global Strategy e Priorities and Guidance For personal use only <Saustin
Slide 4: Who we are
Who we are Austin designs and manufactures customised dump truck bodies, buckets, water tanks, tyre handlers, and other ancillary products used in the mining industry. aD Austin’s products deliver high returns on investment to customers through performance enhancement compared with OEM products. < a
Slide 5: Where we are
For personal use only @ Where we are austin BATAM. TOWNSVILLE PALMERSTON CASPER PHOENIX ANTOFAGASTA @_LAsRADOR city Total Workforce ci workforce & facilities FY25 Total Workforce (employees and contractors) Western Australia 126 Queensland 89 North America 228 South America 408 Indonesia 765 1,616 w
Slide 6: FY25 Results Highlights
2 personal use on — Oo LL FY25 Results Highlights Strong annual revenue and improved profit performance Revenue $376.7m Up 22% from $308m Underlying EBITDA* $55.8m Up 30% Underlying EBIT* $45.9m Up 39% Underlying NPAT* $40.4m Up 70% from $23.7M Order Book $146.9m Down 21.3% Operating Cashflow $2.6m
Slide 7: Chile Recovery Plan and Governance
Chile Recovery Plan and Governance + Appointed Vice President Americas to oversee both North America and South America o Max Flores has been appointed to this role (he was previously GM North America) o Reporting directly to the CEO o Maxis Chilean and has worked extensively throughout South America
Slide 8: Financial Results
Financial Results For <Saustin
Slide 9: Analysis of Financial Performance
Analysis of Financial Performance Financial Performance [=o ro) + Revenue growth of 22% with higher revenue across all ions: 9 ; 9 ()) Revenue $M 376.7 308.3 22% roaions: way, +4%, South America +21% and North =5 Underlying EBITDA $M 55.8 43.0 30% ; ; 9 c 5 . , + Underlying EBITDA is up 30% due to A
Slide 10: Our year journey - business delivering globally
Our 40 year journey - business delivering globally Ta Brisbane, Australia Perth, Australia Casper, USA La Negra, Chile Batam, Indonesia Global Operation Mackay, Australia Batam and La Negra Casper, USA (eo) ‘Austin is founded Acquired JEC Acquired Westech Acquired Conymet Commenced operations Austin
Slide 11: Revenue up 22% - driven by North America
Revenue up 22% - driven by North America 400 350 377 313 300 258 250 203 200 150 100 50 0 FY22 FY23 FY24 FY25 For persanalwdase only * Revenue is on a continuing basis, includes misstatement adjustment for FY24 of $(4.9m) and FY25 +8.3m . <Saustin The Group’s revenue growth has been driven by North
Slide 12: Strong underlying EBITDA growth
Strong underlying EBITDA growth 55.8 43.0 31.3 - FY22 FY23 FY24 FY25 For personal use only * EBITDA is normalised for all years and include the Chile misstatement. All on a continuing basis. 60.0 50.0 40.0 30.0 20.0 10.0 0.0 NPAT FY25 underlying EBITDA up 30% year-on-year APAC materially up on FY24,
Slide 13: Working capital - increased by $29M
Working capital — increased by $29M PM Taunzs | Deca | dunes | FY nvt | kchange = Finished goods 64 73 51 14 25.5% . ventory increased by $12.8 & Work-in-progress 40.4 30.2 26.7 13.6 51.3% mirion Cue fo Work In progress © Raw Materials 414 64.1 43.3 (2.2) 5.1% (WIP) increase across all regions Total
Slide 14: Cash position of $20m due to working capital increase
Cash position of $20m due to working capital increase Operational Cash Interest and Capex Negative Free Flow Tax Cash Flow $15m - $i2m = $9m = = ($m) 100.0 + Operational cash flow of $15M 413 was impacted by an increase in 80.0 working capital 60.0 + EBITDA to cash conversion was a a negative free c
Slide 15: Net Debt of $12.8M
Net Debt of $12.8M 2 c oO Total Assets $M =) 6 Total Shareholders Funds $M c a Net Cash/(Debt) $m o oO ©_ Net Debt to Net Debt plus Equity* % = oO LL + Net Debt excludes Mainetec deferred consideration & IFRS 16 leases FY25 303.3 144.0 (12.8) 8.2% FY24 285.6 122.9 9.6 +8.5% + Net debt of $12.8 milli
Slide 16: Order book growth rate down 21%
Order book growth rate down 21% = Cc fo) 220 © 20 ep) 5 180 C 160 a 140 ee 120 Sv 100 ra) 80 EE 60 40 <Saustin 184 187 158 144 | H1 22 H222 Austin Order Book FY2022-2025 H1 23 H2 23 H1 24 H2 24 224 147 H1 25 H225 Order book down due to timing of orders APAC down 18% YOY North America down 31% YOY So
Slide 17: FY25 Underlying adjustments
FY25 Underlying adjustments For personal use only <Saustin operations Jun-24 Change FY $M EBITDA (Statutory) 41.7 43.5 (1.8) Add FX loss \ (Gain) 14 (0.5) 19 EBITDA excluding FX 43.1 43.0 0.1 +US capacity expansion 18 18 - Canada right of use provision reversal (2.3) (2.3) + Canada PPE impairment 01
Slide 18: Sector Analysis
Sector Analysis For <Saustin
Slide 19: Sector Analysis: Asia Pacific
personal use only Oo GE Analysis of Financial Results Asia-Pacific FY20: Sector Analysis Revenue (continuing operations) $M 166.1 173.3 Underlying EBITDA $M 18.9 36.5 Underlying EBITDA margin % 11.4% 21.1% Asia Pacific * Strong margin growth accompanied by a modest increase in revenue, driven by enh
Slide 20: Sector Analysis: North America
Analysis of Financial Results For personal use only — = North America FY20: FY2025* H Revenue (continuing operations) $M 95.5 146.8 Sector Analysis _— caITDA , $M 17.7 20.9 Underlying EBITDA margin % 18.6% 14.2% North America 160 + Exceptional sales results resulted in unprecedented 146.8 revenue le
Slide 21: Sector Analysis: South America
Analysis of Financial Results South America H Revenue (continuing operations) $M 467 56.6 Sector Analysis [iam a EBITDA margin % 19.7% 1.9% 70 South America + Full-year revenue increased by 21% + Rapid expansion linked to the OEM truck body contract 56.6 52 ” resulted in higher costs and production
Slide 22: For personal use only
For personal use only
Slide 23: Strategy - we are doubling down in all areas
Strategy — success of the strategy means that we are doubling down in all areas Investment in sales teams Marketing activity increased including more trade shows Customer support personnel expanded in Australia | Customer Focus | | use only @® Focus on delivering customised c products to deliver min
Slide 24: Strategy is delivering - differentiating the business is key
Strategy is delivering — differentiating the business is key to long term success Product capability, A operating efficiency, capacity expansion Yy Installed base driving Financials strengthen | —O_ significant repeat foundation for growth For personal use only t Order book, tender, 7 after-sales su
Slide 25: Focusing on customer needs - accessible market for trays up to 7x
Focusing on customer needs is key - Accessible market for trays is estimated to be up to 7x current production levels 2 & © = ~20,500 Trucks ~3,500 Annual ~500 Current Replacement production level For personal This slide relates to Austin’s ‘Home Markets’ which are located around its main production
Slide 26: Manufacturing Excellence - development is accelerating
Manufacturing Excellence — development is accelerating as we see benefits delivered 2 = = = io) = a = op) = =D) o COMMON MANUFACTURING CAPACITY EXPANSION fom SYSTEMS GLOBALLY THROUGH EFFICIENCY O i) Same Sv ORACLE — NetSuite oO LL UNIFYING TOA AUSTBUY MATERIAL SINGLE ERP SYSTEM PLANNING <Saustin
Slide 27: Product diversity - Truck bodies increase driven by US expansion
Product diversity — Truck bodies increase driven by US expansion = c oO oO Yn =) ; = Truck Bodies FY24 = Buckets and other products $308m = Repairs and Maintenance For pers <Saustin oo
Slide 28: Customers include many of the industry 'blue chips'
Customers include many of the industry ‘blue chips’ = bnpart RioTinto BARRICK CO KOmATSU : Faron Hea p Gewmone- Teck FES HEXINDO > THIESS "GE Maricot Suncor) ; cS : Hl prraceront inponesia © RUC LS \ <Sruprag SE _ Y <b) KINROSS Chomatsu @ SG = 5 <ARW D «ne Neen P| Teck céttanuas: HANCOCK => tarAcH,
Slide 29: Priorities & Guidance
Priorities & Guidance <S austin Ajuo asn jeuosied JOS
Slide 30: FY26 Priorities
FY26 Priorities Safety — focus on life saving controls, high potential incidents key leanings, field leadership and reduction in TRIFR * People — implement Lean Manufacturing education across business units, front line supervision training and staff engagement * Operations — continue the roll out of
Slide 31: FY26 Guidance
FY26 Guidance * FY26 revenue of $390m - $410m * FY26 underlying EBIT of $40m - $46m For personal use only <Saustin P3t
Slide 32: Design Matters
Q DESIGN MATTERS Ajuo asn jeuosied JOS