Lycopodium Limited · ASX:LYL
Lycopodium — Shareholder Meeting (November 2025)
28 slides from Lycopodium's shareholder meeting presentation, Nov 13, 2025
Slide 1: 2025 Annual General Meeting
2025 Annual General Meeting 13 November 2025
Slide 2: Agenda
About Lycopodium FY25 Financial Highlights Operational Highlights Change pic Outlook & Guidance 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 $10.4 over several decades, billion resource capex of studies leading delivering a diverse studies to high likelihood projects portfolio of projects globally Lycopodium’s longevity and success is underpinned by long-te
Slide 7: FY25 Financial Highlights
FY25 Financial Highlights
Slide 8: Historical Performance
HISTORICAL PERFORMANCE Lycopodium has achieved a history of sustainable financial performance Revenue ($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 9: FY25 Recap: Key Highlights
FY25 RECAP Effective working capital delivering sustainable returns with minimal debt (30-Jun-25) $339.6 $68.7 $60.5 Key Highlights million million million Strong Minimal Revenue EBITDA PBT balance sheet debt $42.2 12.4% 30.4% Equity up Strong million NPAT margin ROE 18% vs FY24 operating NPAT (~$15
Slide 10: Operational Highlights
Operational Highlights
Slide 11: Operational Highlights
OPERATIONAL HIGHLIGHTS Notable project highlights over the past 12 months New work won and projects advancing Strategic projects • Nyanzaga (Gold, Tanzania, • Winu (Copper, • Awarded FEED for Blackwater • Taca Taca FS (Copper, Argentina, Perseus Mining) Australia, Rio Tinto) Expansion Project (Gold,
Slide 12: 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 13: Saxum Acquisition – Integration Update
SAXUM ACQUISITION – INTEGRATION UPDATE Strategically-aligned majority acquisition, enhancing offering, delivering South American expansion MULTI- PEOPLE AND SYSTEMS DISCIPLINARY INTEGRATION engineering and project Operations across well advanced, management services supporting collaboration ARGENTIN
Slide 14: Our People
OUR PEOPLE Developing and retaining a high-performing workforce Summer Vacation Graduate Development Emerging Leaders Program Program Program Most recently – development of globally aligned ‘visible career pathways’ in Culture Amp platform – to deliver both visible career pathways, 0.13 LTIFR¹ 0.89
Slide 15: Outlook & Guidance
Outlook & Guidance
Slide 16: 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 17: FY26 Guidance
FY26 GUIDANCE Continued sustainable financial performance In light of the outlook, Lycopodium anticipates sustained financial performance in FY26 and provides the following FY26 guidance: Revenue Net Profit After Tax (NPAT) Between Between $390m & $410m $40m & $44m The Company will continue to updat
Slide 18: 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 19: Appendix
Appendix
Slide 20: 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 21: Diversification Strategy
DIVERSIFICATION STRATEGY Diversified end-market exposure across industries, geographies, commodities and clients (FY25) Revenue by Geography Revenue by Industry Revenue by Client Type 3% 1% 3% 17% 25% 44% 57% 25% 31% 94% Africa Australia Other Americas Resources Rail Infrastructure Industrial Proces
Slide 22: 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 the Report Company’s risk appetite • Sets out proces
Slide 23: Innovative Thinking
INNOVATIVE THINKING Lycopodium’s culture of innovation & continuous improvement supports future growth Digital Cooperative Research Innovative Energy Engineering Centres Collaboration Commercialisation Storage Plant dynamic modelling, Participation in the Australian Development of innovative bin lin
Slide 24: 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 25: 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 26: Clients
CLIENTS Established enduring client partnerships over the past three decades Infrastructure Resources Industrial Processes 26
Slide 27: 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 28: 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,