De.mem Ltd. · ASX:DEM
De.mem — Merger or Acquisition (October 2025)
15 slides from De.mem's merger presentation, Oct 17, 2025
Slide 1: Core Chemicals Acquisition
De.mem Limited (ASX:DEM) Core Chemicals Acquisition 17 October 2025
Slide 2: Contents
Contents 2 CORE CHEMICALS 3 Executive Summary 4 Core Chemicals Overview ACQUISITION 5 National Business Portfolio OVERVIEW 6 Synergies 7 Transaction Overview 8 Strong Acquisition Track Record 9 Proforma combined financials 10 Record proforma financial outlook 11 Surging Gold Sector Outlook & Opportu
Slide 3: Executive Summary
Executive Summary 3 Well-priced acquisition of Core Chemicals Pty Ltd, leveraged to surging gold sector, significant synergies upside CORE CHEMICALS ACQUISITION • De.mem signed a binding agreement to acquire 100% of Core Chemicals (CC) • CC supplies process chemicals and services to gold mining cust
Slide 4: Core Chemicals Overview
Core Chemicals Overview 4 ACQUISITION OVERVIEW • Based in Burswood (Perth), Western Australia • Founded by gold mining sector specialists in 2022. Key person (Mr. Kit Chia) will join the De.mem team for 2 years minimum with incentives and milestones • Provides processing chemicals and services to go
Slide 5: National Business Portfolio
National Business Portfolio with blue-chip national client base 5 Australia-wide offering including key regions of Kalgoorlie (Western Australia) and Albury-Wodonga (regional VIC/NSW), servicing blue-chip clients such as Rio Tinto, AGL, Inghams, Alcoa, Pilbara Minerals Border Pumpworks Auswater Offi
Slide 6: Synergies
Synergies 6 Well-priced, profitable, high growth business acquisition with significant synergy upside CUSTOMERS • 18 gold mining • Potential domestic & international customer clients (West growth Australia only) • 15 gold mining clients across Australia • 175 gold mines in Australia, 142 new prospec
Slide 7: Transaction Overview
Transaction Overview 7 Well-priced, well-structured transaction TRANSACTION OVERVIEW • Proposed acquisition of 100% of the shares • Total consideration of $2.68m plus payment for handover working capital ~$300k, anticipating significant revenue growth and additional orders • Tranche 1 - $2.43m, 85%
Slide 8: Strong Acquisition Value-Add Track Record
Strong Acquisition Value-Add Track Record 8 Since 2019, Demem has successfully grown 4 bolt-on acquisitions completed between 2019 and 2022 by average ~69% Historical acquisition growth • From 2019-2022, De.mem has increased revenues by 69% of 4 acquired businesses (Capic, Pumptech, Geutec & Stevco)
Slide 9: Proforma combined financials
Proforma combined financials 9 Combined adjusted EBITDA will nearly double vs. stand-alone Proforma Financials – FY2025 (A$m) REVENUE UPSIDE • New gold mining clients: 175 Core Proforma A$M De.mem gold mines in Australia, CC Chemicals Combined services 18 in W.A. only, DEM Revenue $27.2 4.0 $31.2 se
Slide 10: Pro-forma combined outlook
Pro-forma combined outlook 10 On track for record full year CY2025 results De.mem record full-year outlook (A$m) Proforma EBITDA trends (A$m) 34 2,000 1,615 32 1H cash receipts 30 28.4 2H cash receipts 28 1,000 26 24.8 Annual cash receipts (A$m) 24 22.9 Record 0 Adjsuted EBITDA (A$000s) 22 CY25 19.8
Slide 11: Gold sector outlook and opportunity
Gold sector outlook and opportunity 11 DEM is leveraged to surging gold sector upside SURGING GOLD SECTOR MAGNIFIES STRONG GROWTH OUTLOOK • Gold has risen 40% in 2025, hit record US$4,000/oz price in October 2025 and is on track for third straight year of double-digit gains (source: Goldman Sachs, 3
Slide 12: Core Chemicals Acquisition Highlights
Core Chemicals Acquisition Highlights 12 On track for record CY2025 full year results, supported by record growth momentum and recurring cashflows Core Chemicals acquisition continues strong acquisition value-add track record • DEM has successfully acquired and integrated 6 businesses in its highly
Slide 13: High Margin Recurring Revenue Model
High Margin Recurring Revenue Model 13 Core Chemicals adds to Demem’s existing more than 90% recurring revenues Services Specialty Pumps, Services & Membrane Systems (BOO & O&M) Chemicals Equipment Build, Own, Operate (BOO) Supply containerized For water treatment plant Supply pumps, small involves
Slide 14: Corporate Snapshot
Corporate Snapshot 14 Over the last 3 months, De.mem is recovering its prior underperformance relative to ASX Small Industrials index ASX code DEM Ordinary shares ~293m NA Singapore Early-Stage Venture Fund ~14% MAJOR SHAREHOLDERS Market capitalisation $31m Perennial Value Microcap Opportunities Fun
Slide 15: Andreas Kroell
Andreas Kroell George Gabriel, CFA Chief Executive Officer Investor relations De.mem Limited BLETCHLEY Park Capital investor@demem.com.sg gg@bletchleyparkcapital.com.au Follow us on Linked In