Emeco Holdings Limited · ASX:EHL
Emeco — Euroz Hartleys Industrial & Resources Forum 2025
22 slides from Emeco's conference presentation, Jun 17, 2025
Slide 1: Euroz Hartleys Industrial & Resources Forum
Emeco Holdings Limited For personal use only Euroz Hartleys Industrial & Resources Forum Presented by Ian Testrow – Managing Director & Chief Executive Officer 17 June 2025 1 EMECOGROUP.COM
Slide 2: Important Notices and Disclaimers
IMPORTANT NOTICES AND DISCLAIMERS Reliance on third party information The information and views expressed in this Presentation were prepared by Emeco Holdings Ltd (the Company) and may contain information that has been derived from publicly available sources that have not been independently verified
Slide 3: Our Business & Strategy
For personal use only OUR BUSINESS & STRATEGY EMECOGROUP.COM 3
Slide 4: Our Scale and Competitive Advantage
OUR SCALE AND COMPETITIVE ADVANTAGE Our mid-life rebuild model and onsite service capability, combined with our asset management and condition monitoring technologies are our competitive advantage. Delivered through our national footprint of workshops and field service units, Emeco provides industry
Slide 5: Emeco Customer and Revenue Profile
EMECO CUSTOMER AND REVENUE PROFILE Emeco maintains strong relationships with its high-quality customer base, across a range of commodities and geographies, with strong demand for our fully maintained project solutions. Strong Customer Relationships Diversified Revenue Base with Strong Credit Profile
Slide 6: Emeco Flexible Equipment Fleet
EMECO FLEXIBLE EQUIPMENT FLEET Emeco’s fleet is flexible across a broad range of commodities and applications Surface Fleet Underground Fleet Type Count Type Count For personal use only Key brands in fleet Trucks 374 LHD Loaders 38 Dozers 163 Trucks 26 Jumbo Drills & Cable Loaders 67 16 Bolters Grad
Slide 7: Emeco Technology Capabilities
EMECO TECHNOLOGY CAPABILITIES ▪ Enterprise Digitisation (Internal) Emeco continues to invest in digital systems and automation across the enterprise to drive operational efficiency and enable our people to For personal use only execute at their best. This includes standardising work practices, enhan
Slide 8: Emeco's Strategy
EMECO’S STRATEGY Emeco’s strategic pillars ensure a sustainable and resilient business and the creation of long-term value for shareholders For personal use only Be Australia’s lowest Maintain a balanced 01 cost, highest quality, technology- driven mining equipment rental 02 and diversified portfoli
Slide 9: Return on Capital
RETURN ON CAPITAL Emeco’s ROC is consistently above WACC with key drivers in place to reach our 20% target COVID-19 & Ukraine Improved returns Return Key event conflict driving cost from PNP and Improvement For personal use only Credit event timeline 3-way merger $70m $80m $72m inflation, impacting
Slide 10: Targeting 20% ROC and Improved Cash Generation
TARGETING 20% ROC AND IMPROVED CASH GENERATION Good progress on our journey to deliver 20% ROC target Return on Capital1 drivers % Free Cash Flow $million For personal use only 20% (before growth capex)2 17% 16% 140 120 100 FY25 FY26/FY27 1H25 Projected Projected 1H25 FY25 Annualisation Contract Equ
Slide 11: Business Highlights
For personal use only BUSINESS HIGHLIGHTS EMECOGROUP.COM 11
Slide 12: 1H25 Business Highlights
1H25 BUSINESS HIGHLIGHTS Robust earnings growth, strong margin growth and cash generation - resilient business model For personal use only Operating NPAT1 Revenue2 Operating EBIT1 Operating EBIT Margin1 15% 11% 13% 360bps 1H25 $38M 1H25 $387M 1H25 $68M 1H25 18% 1H24 $33M 1H24 $348M 1H24 $61M 1H24 14
Slide 13: Performance History – Half on Half
PERFORMANCE HISTORY – HALF ON HALF Emeco continues to deliver earnings and cash flow growth and a stronger balance sheet Revenue ($m) 1 Operating EBITDA ($m) 2 Operating EBIT ($m) 2 Operating NPAT ($m) 2 For personal use only 383 387 64 65 68 39 38 355 348 137 137 143 146 61 35 309 33 115 40 20 1H23
Slide 14: 2H25 Priorities and Outlook
For personal use only 2H25 PRIORITIES AND OUTLOOK EMECOGROUP.COM 14
Slide 15: Business Priorities
BUSINESS PRIORITIES Emeco’s priorities are focused on improving returns and free cash flow, utilising the existing asset base ▪ Production outlook and pipeline remains robust – with strong demand for our fully maintained project model For personal use only ▪ Continued focus on disciplined capital ex
Slide 16: Emeco Investment Highlights
EMECO INVESTMENT HIGHLIGHTS 1 2 3 For personal use only Australia’s largest mining Focused on delivering strong Scale and asset management equipment rental provider with returns and free cash flow expertise provide cost and national footprint generation quality advantage 4 5 6 Diversified by custome
Slide 17: Appendix: Additional Information
For personal use only APPENDIX: ADDITIONAL INFORMATION EMECOGROUP.COM 17
Slide 18: Revenue Analysis
REVENUE ANALYSIS Revenue by commodity Revenue by geography Revenue by type Revenue by customer – Top 10 1H25 1H25 1H25 1H25 For personal use only Customer 1 WA Customer 2 15% Customer 3 Gold 5% Rental Surface 5% 22% 4% Customer 4 12% 22% 25% Met Coal QLD Customer 5 18% 15% Customer 6 Iron Ore 3% Ren
Slide 19: Reconciliations – Statutory to Non-IFRS Disclosure
For personal use only RECONCILIATIONS STATUTORY TO NON-IFRS DISCLOSURE EMECOGROUP.COM 19
Slide 20: Reconciliations – Statutory to Non-IFRS Disclosure
RECONCILIATIONS – STATUTORY TO NON-IFRS DISCLOSURE 1H24 1H25 Statutory to operating reconciliation Statutory to operating reconciliation For personal use only $m NPAT EBIT EBITDA $m NPAT EBIT EBITDA Statutory 19.4 41.0 133.3 Statutory 33.6 61.5 139.3 Tangible asset impairment (exit PNP) 15.9 15.9 -
Slide 21: Reconciliations – Statutory to Non-IFRS Disclosure
RECONCILIATIONS – STATUTORY TO NON-IFRS DISCLOSURE Cash flow reconciliation Net debt and leverage reconciliations $m 1H24 1H25 30 June 31 December $m 2024 2024 For personal use only Operating EBITDA 137.1 145.8 AMTN AUD secured notes 250.0 250.0 Working capital (6.7) (9.7) Revolving credit facility
Slide 22: Thank You
Thank You Investor enquiries: For personal use only Theresa Mlikota Chief Financial Officer Investor.relations@emecogroup.com emecogroup.com EMECOGROUP.COM
Emeco Holdings — Euroz Hartleys Industrial & Resources Forum 2025 on 6ix