Macmahon Holdings Limited · ASX:MAH

Macmahon — Euroz Hartleys Rottnest Conference 2025

12 slides from Macmahon's conference presentation, Mar 12, 2025

  1. Slide 1: Euroz Hartleys Rottnest Conference 12 March 2025

    @) = = MACMAHON Euroz Hartleys Rottnest Conference 12 March 2025

  2. Slide 2: Important Notice and Disclaimer

    Important Notice and Disclaimer Disclaimer as to forward looking statements This presentation contains forward looking statements, including statements of current intention, statements of opinion and predictions as to possible future events. These forward looking statements are based on, among other

  3. Slide 3: 1.All results as at 31 December 2024 2.Orderbook includes the Awak Mas and Ison

    ✓  ✓   ✓ ✓ 1.All results as at 31 December 2024 2.Orderbook includes the Awak Mas and Ison Road contracts awarded in January 2025. Excludes short term civil and underground churn work and future contract cost escalation recoveries 3

  4. Slide 4: Guidance

    140 117 101 92 95 75 78 42 FY25 FY25 Guidance Guidance Guidance Guidance Guidance Guidance Guidance Guidance Guidance Guidance Guidance Guidance Guidance Guidance Guidance Guidance Guidance Guidance 350 – 470 – 950 – 1,300 – 1,300 – 1,600 – 1,850 – 1,800 – 2,400 – (3.0) – 0.0 30 – 35 70 – 80 85 – 95

  5. Slide 5: 1.USD converted to AUD at 0.65

    • • • • • • • • 1.USD converted to AUD at 0.65 5

  6. Slide 6: Indicative EBIT(A) margin expansion to 1H25

    • • Indicative EBIT(A) margin expansion to 1H25 (not to • scale) • 6

  7. Slide 7: 1H25 Revenue Diversification

    1H25 Revenue Diversification Business revenue mix is diversified by service, commodity, region and client Service Offering Commodity Region Client = AngloGold Ashanti ™Q Coal mSurface ™ Underground ™Civil Infrastructure = Gold ™Met Coal mAustralia = Southeast Asia Talison mSaipem Clough JV = Copper/

  8. Slide 8: Strategic Journey Towards Lower Capital Intensity Services

    Strategic Journey [Towards Lower Capital Intensity Services FY18' Revenue Mix 1H25 Revenue Mix $710m » $1.2bn FY18' Pipeline 1H25 Pipeline Our Strategic Target Revenue Mix $5.4bn ROACE TARGET? >20% 1. Capital light strategy established in FY18 2.Rolling 12 months Underlying EBIT(A) / Average ((Total

  9. Slide 9: Work in Hand & Tender Pipeline

    Work in Hand & Tender Pipeline $4.3bn Order Book' Secured, excludes $1.6bn Expected Extensions/Variations? ($m) wz FY25 FY26 FY27 FY28+ ™1H25 Revenue Secured = Extensions / Variations? Churn I Surface $24.8bn HM Underground [ll Civil Infrastructure ~$2.2bn! of FY25 revenue secured $4.3bn Order Book’

  10. Slide 10: Capital Allocation to Balance Growth and Shareholder Returns

    Capital Allocation to Balance Growth and Shareholder Returns Our Priorities Our Record Maintain resilient Maintain Financial Strength Investment in Growth Return Cash to Shareholders balance sheet, Continue to reduce gearing and net debt Growing civil infrastructure and Dividend payout ratio range 2

  11. Slide 11: FY25 Guidance & Priorities

    FY25 Guidance & Priorities Achieved guidance for eight consecutive years and on track for FY25 FY25 PRIORITIES » No life changing events, reduction in TRIFR FY25 GUIDANCE * Continuing to drive operational improvements * Reducing Net Debt post the Decmil acquisition with continued strong Revenue Unde

  12. Slide 12: CQ MACMAHON

    CQ MACMAHON EvrozHartleys Rottnest Conference 2025

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