Worley Limited · ASX:WOR
Worley — Investor Day (May 2026)
64 slides from Worley's investor day presentation, May 14, 2026
Slide 1: From Engineering Foundations to Delivery Partner
INVESTOR DAY M AY 2 0 2 6 From Engineering Foundations to Delivery Partner Our strategy for growth
Slide 2: Disclaimer
Stronger together Disclaimer The information in this presentation about Worley Limited differ materially from those expressed in the statements. and the entities it controls (Group) and the Group’s activities Factors that may affect forward-looking statements include is current as at 14 May 2026 and
Slide 3: Welcome
We l c o m e Kylie Ramsden Group Director Investor Relations Worley - Investor Day 2026 Worley - Investor Day 2026 3
Slide 4: Agenda
Agenda Welcome Kylie Ramsden Investor Relations BREAK Executing our strategy FY30 ambition Mark Brantley Group President Mark Trueman Group President Chris Ashton Global Operations Major Projects and Programs CEO • Jim Shaughnessy President EMEA • Rachelle Goebel Global Sector Lead • Ross McPherson
Slide 5: We are an industry leader of energy, chemicals and resources experts
We are An industry leader of energy, chemicals and resources experts Energy Chemicals Resources Globally diversified expertise… supporting a world in transition… with end-to-end capability. ~42,000 people, Leading positions across traditional, Across the life cycle of our operating in 43 countries t
Slide 6: FY30 Ambition
FY30 Ambition Chris Ashton Chief Executive Officer Worley - Investor Day 2026 Worley - Investor Day 2026 6
Slide 7: Our Growth Strategy
Our Growth Strategy What you’ll hear today Clear Tailwinds 1 Worley sits at the centre of ECR security and affordability Worley is well- megatrends, with scale, relationships and expertise positioned to convert 2 Scaled Delivery Model Expanding full project delivery capabilities to capture long-dura
Slide 8: Maintaining safety, security, and business continuity
Maintaining safety, security, and business continuity Business update Situation in the Middle East Our workforce of 4,000+ is safe • No reported injuries or safety incidents • Active location monitoring, clear escalation protocols in place Our internal support networks are engaged daily • Centralise
Slide 9: Restoration, Reconfiguration, Resilience
When global disruption reshapes critical energy, chemicals, resources and infrastructure, Worley supports: Restoration of impacted assets Reconfiguration of Middle East import and export infrastructure Resilience of global nation states toward Energy, Chemicals and Resources security Worley – Invest
Slide 10: Business update and FY26 outlook
Business update and FY26 outlook Leading indicators to 30 March 2026 F Y 2 6 O u t l o o k 1,2 Pipeline Backlog The extended conflict in the Middle Up 2% $16.7b $16.9b $15.4b East has delayed project timelines and the award of new work, impacting services delivered both within and outside the region
Slide 11: Venture Global's CP2 Project (Reimbursable EPC)
Venture Global’s CP2 Project (Reimbursable EPC) In March 2026, Worley received Full Notice to Proceed from Venture Global under its reimbursable engineering, procurement and construction (EPC) contract for the Photo credit: second phase of its CP2 project. Venture Global CP2 is a major LNG export fa
Slide 12: Worley's investment proposition
Worley’s investment proposition Structural Capital-light Global scale Disciplined Diversified demand and business model and market growth and earnings tailwinds position execution Positioned at the centre Capital-light delivery Scale and customer Earnings growth through Driving quality growth of lon
Slide 13: Consistent growth delivered across earnings and forward indicators
Consistent growth delivered across earnings and forward indicators Aggregated EB ITA Underlying Backlog2 revenue Basic EPS 15% CAGR 17% CAGR +44% +36% FY22 PF1 to FY25 FY22 PF1 to FY25 FY22 PF1 to FY25 FY22 PF1 to March 2026 12,050 823 90.2 16.9 $m $m cps $b 2 2 FY22 PF FY23 PF FY24 FY25 FY22 PF FY2
Slide 14: Building on established foundations to unlock future growth
Building on established foundations to unlock GROWTH ENGINE AI-enabled FULL PROJECT DELIVERY future growth Future-facing GROWTH MARKETS GROWTH ENGINE SUSTAINABILITY SOLUTIONS GROWTH ENGINE ECR SCALE GROWTH ENGINE ENGINEERING FOUNDATIONS Worley – Investor Day 2026 14
Slide 15: FY30 Ambition
FY30 Ambition Achieving our next phase of growth Benefiting from megatrends 1 Well-positioned to benefit from megatrends supporting growth in the markets we already serve and respond to current market disruption Scaling through AI-enabled Full Project Delivery 2 Driving revenue and earnings by doing
Slide 16: Balancing security, affordability and sustainability
Balancing security, affordability and sustainability Across our core markets in Energy, Chemicals and Resources, customers are balancing security, Response to Middle East affordability and sustainability conflict with a catalyst to imperatives across ever more Security build resiliency over the comp
Slide 17: Well-positioned to support critical infrastructure and global security
Well-positioned to support critical infrastructure and enhance global security in energy, chemicals and resources Megatrends support continued growth for Worley ECR Security Capital Response Sovereign Capital Investment is being reshaped around Near-term capital is being deployed Investment is predi
Slide 18: As we scale, our approach to risk remains disciplined
As we scale, our approach to risk remains disciplined Optimise outcomes Manage exposure to • Predictable delivery • Unpriced or unbound risk • Margin quality DISCIPLINED GROWTH • One-off capability stretch • Repeatable execution • Earnings concentration Risk discipline in practice Risk governance an
Slide 19: Executing our FY30 growth ambition
Executing our FY30 growth ambition Multiple building blocks to achieve earnings growth double digit medium term underlying EBITA CAGR 1,2 Scale benefits Future-facing growth AI-enabled markets Full Project Current Delivery market Growth growth FY26 ambition Medium term (FY30) Tailwinds in core Incre
Slide 20: Our Growth Strategy
Our Growth S t ra t e g y Andy Hemingway Executive Group Director, Growth Worley - Investor Day 2026 Worley - Investor Day 2026 20
Slide 21: Megatrends are driving capital to markets we're well placed to serve
M E G A T R E N D F U L L P R O J E C T G R O W T H T A I L W I N D S D E L I V E R Y M A R K E T S Megatrends are driving capital to markets we’re well placed to serve W O R L E Y A D VA N TA G E An established ECR platform with the scale, Tailwinds continue to drive capital relationships and full
Slide 22: Customers are prioritising Full Project Delivery
M E G A T R E N D F U L L P R O J E C T G R O W T H T A I L W I N D S D E L I V E R Y M A R K E T S Customers are prioritising Full Project Delivery WHAT IS FULL Supports predictable, integrated delivery across the project PROJECT DELIVERY lifecycle, from concept through EPC to operation of an asset
Slide 23: AI enabled full project delivery expands our role in major capital programs
M E G A T R E N D F U L L P R O J E C T G R O W T H T A I L W I N D S D E L I V E R Y M A R K E T S AI enabled full project delivery expands our role in major capital programs W O R L E Y A D VA N TA G E Customers are seeking integrated Proven EPC/EPCM capability, global delivery partners who can im
Slide 24: Our success in full project delivery
M E G A T R E N D F U L L P R O J E C T G R O W T H T A I L W I N D S D E L I V E R Y M A R K E T S Our success in full project delivery Momentum building in major projects Glenfarne Heidelberg Materials Rio Tinto Alaska LNG Project (EPCM) Padeswood CCS Project (EPCM) Brockman Syncline 1 Iron Ore (E
Slide 25: Strength of our core portfolio underpins future-facing growth markets
M E G A T R E N D F U L L P R O J E C T G R O W T H T A I L W I N D S D E L I V E R Y M A R K E T S The strength of our core portfolio underpins participation in future-facing growth markets W O R L E Y A D VA N TA G E Capital is accelerating in markets where Targeted expansion in markets where Worl
Slide 26: Our Portfolio
Our Portfolio We continue to support our customers across our full portfolio, while intentionally leaning into future facing markets with outsized growth Energy Integrated gas Oil Midstream Hydrogen (incl. LNG) Data centres Power Nuclear Chemicals Chemicals Petrochemicals Fuels Direct Air Capture In
Slide 27: How we're growing our addressable market
How we’re growing our addressable market Growing CapEx1 1 in core ECR and Complex Critical 2 Expanded addressable market2 Infrastructure markets Complex Critical Infrastructure $1.6T Wider access to complex critical $1.1T infrastructure markets AI enabled Full Project Delivery $1.4T $1.6T Deeper exe
Slide 28: Our right to play in priority growth markets
Our right to play in priority growth markets Integrated Energy Transition Complex Critical gas Materials Infrastructure Central to economic resilience, requiring integrated, MARKET Gas remains the Energy Transition Materials underpin multi-disciplinary delivery capabilities DRIVERS anchor of the glo
Slide 29: Integrated Gas | LNG
DEEP DIVE Markets drivers Integrated Gas| LNG • Central to both energy security and energy transition Market CAGR1 • Geopolitical disruption reinforces the need Global CAPEX1 2026-29 for resilient gas supply 2026 • Near-term opportunities in restart, rebuild, $230b 2-3% and debottlenecking of upstre
Slide 30: Energy Transition Materials (ETM)
DEEP DIVE Markets drivers Energy Transition • Structural demand growth driven by shift to Materials (ETM) secure, connected, electrified energy systems, displacing traditional cyclicality • Electrification increasing copper demand, amplified by rapid growth in Global CAPEX1 Market CAGR1 high-copper-
Slide 31: Power
DEEP DIVE Markets drivers Power • Structural growth in global electricity demand, outpacing overall energy use • Population growth, electrification, Global CAPEX1 Market CAGR1 urbanisation and data centres driving 2026 2026-29 sustained load growth $500b 4-6% • Increasing demand for large-scale, com
Slide 32: Data Centres
DEEP DIVE Markets drivers Data Centres • AI training and inference driving rapid growth in compute demand • Power-intensive workloads increasing Global CAPEX1 Market CAGR1 complexity of energy systems 2026 2026-29 • Power availability and reliability now the key deployment constraint $400b 20-30% •
Slide 33: Nuclear
DEEP DIVE Markets drivers Nuclear • Rising power demand is re-opening the case for firm, large-scale baseload generation • Policy support for nuclear energy is Global CAPEX1 Market CAGR1 strengthening in many countries 2026 2026-29 • Nuclear technology development is $35b 1-2% accelerating and could
Slide 34: Industrial water
DEEP DIVE Markets drivers Industrial water • Water scarcity and regulation are structurally increasing investment in treatment, reuse and compliance Global CAPEX1 Market CAGR1 • Water is a licence-to-operate constraint – 2026 2026-29 availability and discharge quality determine whether projects proc
Slide 35: Port and terminals
DEEP DIVE Markets drivers Port and terminals • ~80% of global trade by volume moves through maritime transport, underpinning demand Global CAPEX1 Market CAGR1 • Trade reconfiguration and geopolitical 2026 2026-29 tensions increasing strategic importance of port infrastructure $170b 4-6% • Decarbonis
Slide 36: Evolving commercial models
Evolving commercial models Aligning delivery, value and outcomes as execution scales Time Output Outcome Hours worked Work delivered Value delivered HOW Time-based pricing Monetising productivity at scale Value-aligned economics VALUE IS Discrete scopes Unit-based and lump sum1 pricing Lifecycle-bas
Slide 37: Our Growth Strategy: Key takeaways
Our Growth Strategy Key takeaways 1 Positioned to capitalise on megatrends, where capital is flowing 2 Expanding market share through AI enabled full project delivery 3 Strengthening core ECR business and scaling future-facing markets 4 Driving value with differentiated capabilities, relationships a
Slide 38: Leveraging digital and AI
L e ve ra g i n g digital and AI Laura Leonard Chief AI & Enterprise Services Officer Worley - Investor Day 2026 Worley – Investor Day 2026 38
Slide 39: Leveraging digital and AI: Key takeaways
Leveraging digital and AI Key takeaways 1 Built the foundations to scale Digital and AI responsibly Applied solutions across our operations and the project 2 lifecycle, improving predictability and execution quality 3 We’re delivering value now, with proven solutions already in use Worley - Investor
Slide 40: From foundation to enterprise scale: embedding digital and AI
From foundation to enterprise scale: embedding digital and AI into how Worley operates A deliberate, staged approach to value creation PHASE 1 2024 PHASE 2 2025 PHASE 3 2026+ Build the core Prove business value Scale enterprise impact Enable digital and AI safely at scale From pilots to repeatable o
Slide 41: Enterprise-grade AI governance
Enterprise-grade AI governance Principles for safe, responsible and scalable AI Ethical principles for our enterprise AI Safety and Transparency reliability . These principles underpin Privacy and Responsibility and every AI solution we deploy security accountability helping ensure we can scale AI c
Slide 42: Our AI strategy
Our AI strategy Applied across our enterprise operations and project delivery Our embedded Digital & AI Capabilities Enterprise Customer facing Solutions across the asset lifecycle Concept Design Execution Operate Remediate Detailed Procurement Construction People Digital and Finance Legal, Risk & e
Slide 43: Integrated digital solutions and AI across the asset lifecycle
Integrated digital solutions and AI across the asset lifecycle Improving cost, schedule and quality outcomes for our customers Concept Design Execution Operate Remediate ASSET LIFECYCLE Detailed engineering Procurement Construction Consulting 1 2 3 Better Accelerated Lower total decision investment
Slide 44: Proof point: Improving construction certainty through AI-enabled planning
Proof point: Improving construction certainty through AI-enabled planning and execution Concept Design Execution Operate Remediate ASSET LIFECYCLE Detailed engineering Procurement Construction Consulting Advanced Work Packaging • AI-enabled work sequencing • Improved plan reliability • Increased cre
Slide 45: Proof point: AI.VendorSelect
Proof point: Compounding our digital procurement capabilities with AI.VendorSelect Concept Design Execution Operate Remediate ASSET LIFECYCLE Detailed engineering Procurement Construction Consulting AI.VendorSelect Technical Bid Commercial 1 2 Evaluation Bid Evaluation Leveraging AI to bring speed,
Slide 46: What's next
What’s next Compounding value through our disciplined AI deployment Our disciplined pathway from adoption to scale Embed Extend Scale Drive consistent Deepen capabilities across the Deploy AI-enabled adoption of proven tools project lifecycle and into delivery capabilities into core workflows adjace
Slide 47: Executing our strategy
E xe c u t i n g o u r s t ra t e g y Mark Brantley Mark Trueman Jim Shaughnessy Rachelle Goebel Ross McPherson Group President Group President President EMEA Global Sector Lead President Americas Global Operations Major Projects and Programs Worley - Investor Day 2026 Worley - Investor Day 2026 47
Slide 48: Our global footprint
Our global footprint 42,000+ people 43 countries Worley - Investor Day 2026 48
Slide 49: Our Financial discipline
Our Financial discipline Justine Travers Chief Financial Officer Worley - Investor Day 2026 Worley - Investor Day 2026 49
Slide 50: Our disciplined approach to delivering shareholder value
Our disciplined approach to delivering shareholder value 1 Grow EBITA through scaling full project delivery 2 Building margin durability through cost discipline, GID and digital / AI- enabled workflows 3 Reinvest savings into targeted priority areas 4 Maintain balance sheet strength and liquidity wi
Slide 51: Delivering medium term earnings growth
double digit Delivering medium term underlying EBITA CAGR 1,2 earnings growth Scale through benefit Future facing scaled revenue AI Enabled growth Full project markets Current delivery and margin market growth durability Current Medium term growth ambition Scale revenue Maintain margin with intent i
Slide 52: Transforming and restructuring to ensure ongoing business resilience
Transforming and restructuring to ensure ongoing business resilience THE CONTEXT THE ACTIONS THE OUTCOME We’re proactively positioning within Restructuring and refining our Early outcomes and forward a changing environment operations positioning • Proactively responding to market • Disciplined cost
Slide 53: Cost discipline embedded as the business scales
Cost discipline embedded as the business scales $100m+ annualised savings1 Our progress on resetting the cost base • Enterprise service centre utilisation expanded Further opportunities TBC • Repositioning capability to areas of higher demand • Simplifying organisational structures for efficiency $2
Slide 54: Reinvesting for value-accretive growth
Reinvesting for value-accretive growth Organic investment to scale priority growth platforms Investment areas Investment Benefits Integrated gas (incl. LNG) • Strategic hires to expand capability • Access to larger, longer-dated Power customer programs • Differentiated delivery platforms • Improved
Slide 55: Capital discipline
A disciplined capital framework to support growth and returns Generate Operating cash flow • Cash conversion > 85% Capital discipline Lease payments Sustain • Minimum liquidity target $1 billion Maintenance & other capital1 Re-invest for growth Investment capital | Acquisitions • % of cost-out reinv
Slide 56: Capital allocation and funding aligned to strategy
Capital allocation and funding aligned to strategy and execution priorities Generate Sustain Re-invest for value- Return surplus capital Maintain balance accretive growth to shareholders sheet strength • Disciplined capital deployment • Returned ~$2b to shareholders • Cash conversion and FCF into pr
Slide 57: Closing remarks
Closing remarks Chris Ashton Chief Executive Officer Worley – Investor Day 2026 Worley - Investor Day 2026 57
Slide 58: Our Growth Strategy: What you've heard today
Our Growth Strategy What you’ve heard today Worley is well-positioned to Maintaining resilience and continuity convert long-duration supporting our people, customers customer capital cycles into and active projects sustainable earnings growth Reinforcing our investment proposition taking advantage o
Slide 59: Worley - Investor Day 2026
& & Worley - Investor Day 2026 59
Slide 60: Our leaders
Our leaders Chris Ashton Justine Travers Andy Hemingway Laura Leonard Nuala O’Leary Chief Executive Officer Chief Financial Officer Executive Group Director, Growth Chief AI & Enterprise Services Officer Company Secretary Mark Trueman Mark Brantley Kristen Bruner Sabrina Gilman Group President Group
Slide 61: Worley's investment proposition
Worley’s investment proposition Why Worley is structurally positioned to capture long-term growth Structural demand Capital-light Global scale and tailwinds delivery model and market position Positioned to leverage long-term Capital-light delivery model with Scale and customer relationships built cu
Slide 62: Worley's investment proposition
Worley’s investment proposition Why that growth translates into resilient earnings and returns Disciplined growth and Diversified execution earnings Earnings growth through selective full Driving quality growth project delivery and targeting growth through cycles markets EBITA Chemicals1 Worley’s gr
Slide 63: Glossary
Glossary $, $m, $b – Australian dollars unless otherwise stated, Australian GID - Global Integrated Delivery millions of dollars, Australian billions of dollars gm – Gross margin APAC - Australia, Pacific, Asia & China GST - Goods and Services Tax CAPEX - Capital expenditure H1/H2 – First half of th
Slide 64: Registered office
Registered office: Level 19, 420 George Street Sydney NSW 2000 Australia T: +61 2 8923 6866 E: investor.relations@worley.com E: media.relations@worley.com Worley Limited ABN 17 096 090 158 worley.com worley.com Worley - Investor Day 2026 64