Mlg Oz Ltd · ASX:MLG
Mlg Oz — Investor Presentation (August 2026)
27 slides from Mlg Oz's investor presentation, Aug 20, 2026
Slide 1: Full Year Financial Results
FULL YEAR FINANCIAL RESULTS For the year ended 30 June 2026
Slide 2: Strong financial year delivering over 30% growth in profitability
STRONG FINANCIAL YEAR DELIVERING OVER 30% GROWTH IN PROFITABILITY FY2026 vs FY2025 — Pro-forma (Underlying operations) REVENUE EBITDA EBIT NPAT DIVIDEND $561.4m $75.5m $29.4m $16.3m 1.3c/Share FY2026 ▲ 3.9% ▲ 14.2% ▲ 25.7% ▲ 34.7% 2.55c/share FY2025 $540.4m FY2025 $66.1m FY2025 $23.4m FY2025 $12.1m
Slide 3: Margins continue to strengthen
MARGINS CONTINUE TO STRENGTHEN Pro Forma EBITDA Margins 1. 14.1% 13.5% 12.8% 12.8% 10.9% 10.9% 9.7% 9.0% H1-2023 H2-2023 H1-2024 H2-2024 H1-2025 H2-2025 H1-2026 H2-2026 Pro Forma Adjustments: 1. Excludes $750K fine for safety incident in 2022 3 FY2026 FINANCIAL RESULTS
Slide 4: Operational discipline driving improved performance
OPERATIONAL DISCIPLINE DRIVING IMPROVED PERFORMANCE • Improving margins (14.1% EBITDA Margin in second half) PROFIT • Highest growth rate is NPAT (up 34.6%) rather than Revenue (up 3.9%) FOCUS • Slowing rate of turnover in workforce a key area of focus GREATER DEMAND • Higher number of distinct crus
Slide 5: Growth is continuing with very strong performance
GROWTH IS CONTINUING WITH VERY STRONG PERFORMANCE $29.4m $561.4m Pro Forma1 Revenue $540.4m Pro Forma2 EBIT $468.6m $23.4m $20.1m $375.2m 18.3% CAGR 35.6% $286.8m $14.4m CAGR $8.7m FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY2026 FY2026 REVENUE EBIT $561.4m $29.4m ▲ 3.9% ▲ 25.6% 2. Pro Forma
Slide 6: Long term growth in basic earnings per share
LONG TERM GROWTH IN BASIC EARNINGS PER SHARE Basic EPS 0.090 0.080 FY2026 0.070 BASIC EPS 31.6% $0.09/share CAGR 0.030 ▲ 12.5% 0.006 1. 2. FY22 FY23 FY24 FY25 FY26 Impacted by: 1. FY23 impact of sale of high-capacity crushing plants – ($3.1m write-off of inventory/ancillary and $6.6m loss on sale) 2
Slide 7: Fuel crisis well managed – no material financial impact to MLG
FUEL CRISIS WELL MANAGED – NO MATERIAL FINANCIAL IMPACT TO MLG • 75% of fuel is supplied and paid for by our clients Middle East disruption severely • Management of our fuel exposure was immediate: impacted fuel prices − Engaged with our client − Levies applied where applicable − Fuel clawback provi
Slide 8: Providing critical infrastructure to mineral processing
PROVIDING CRITICAL INFRASTRUCTURE TO MINERAL PROCESSING Road maintenance Mine planning and design Tailings storage facility lifts Drill and blast services Rehabilitation work Ore extraction and removal Bulk earthworks Mine Mine Contract crushing mobile plant Client Build owned and
Slide 9: Revenue primarily derived with the gold sector
REVENUE PRIMARILY DERIVED WITH THE GOLD SECTOR BUT GROWING PENETRATION ACROSS OTHER METALS GOLD SECTOR PROJECTS OTHER METALS PROJECTS 9 FY2026 FINANCIAL RESULTS
Slide 10: Where we operate
WHEREWE WHERE WE OPERATE OPERATE 10 PRESENTATION TITLE
Slide 11: Large and scaleable business model
LARGE AND SCALEABLE BUSINESS MODEL. Over $550m in Revenue Over $200m in plant and equipment Servicing top tier Gold Producers Modern technology platforms delivering comprehensive data analytics Strong cash generation Flexible debt structure (fixed rate equipment finance with multiple tenors) We deli
Slide 12: Financial Performance
FINANCIAL PERFORMANCE 12 FY2026 FINANCIAL RESULTS
Slide 13: Focus on profitability
For the period ended 30 June 2026 FOCUS ON PROFITABILITY Pro Forma Pro Forma $000’s Notes FY25 FY26 Mine Site Services and Bulk Pro forma1 REVENUE 494,886 512,727 Haulage $540.4m $561.4m Crushing and Screening 45,508 48,713 REVENUE 1 540,394 561,440 ▲ 3.9% $AUD ▲ 3.9% Costs of sales 1 (450,603) (460
Slide 14: Strong increase in profit as margins improve
$80.0m Pro-Forma1 EBITDA 19.0% $70.0m $75.5m 17.0% $66.1m STRONG INCREASE IN PROFIT $60.0m 13.4% 15.0% Margin %1 AS MARGINS IMPROVE $50.0m $55.3m 12.2% 13.0% 11.8% 11.0% $40.0m 9.3% 10.5% 9.0% $35.0m • Reduced revenue in H2 following completion of the Castle Hill road $30.0m 7.0% $30.1m construction
Slide 15: Stronger balance sheet
$000’s 31 Dec 2025 30 Jun 2026 STRONGER BALANCE SHEET Cash and cash equivalents 9,726 9,793 Trade and other receivables 76,165 74,812 Inventories 21,197 22,430 • Net assets ▲ 4.0% $159.6m Total current assets 107,087 107,035 Property, plant and equipment 216,621 229,883 • NTA/share ▲ 2.8% $1.09 Othe
Slide 16: Continued strong cashflow
Operating Cashflow CONTINUED STRONG CASHFLOW $'000 FY25 FY26 EBITDA 66,099 75,496 • Pre-tax operating cashflow $68.5m (90.7% of EBITDA) − Year end customer receipts overdue of $5.0m Payments from Customers 585,997 619,028 − Material increase in income tax payments in line with Payments to suppliers
Slide 17: Gearing remains conservative with balance sheet capacity
GEARING REMAINS CONSERVATIVE WITH BALANCE SHEET CAPACITY 2.50 • $75.5m Net Debt $75.0m 1.0x 2.00 Gearing Ratio* $60.0m • Higher Net debt in H2 reflects investment made in 1.50 replacement of hire fleet $8.5m • Gearing ratio remains in line $45.0m with expectations 1.00 • Significant debt capacity in
Slide 18: Debt funded through equipment finance
DEBT FUNDED THROUGH EQUIPMENT FINANCE (ASSET BACKED) Available working capital liquidity as at 30 June 2026 Financial Liabilities $29.8m Finance ($20.0m Overdraft + $9.8m Cash) Companies, 0.6% EQUIPMENT FINANCE DEBT Equipment • Individual loans secured against each asset Manufacturers, 36.8% • Fixed
Slide 19: Outlook
OUTLOOK 19 FY2026 FINANCIAL RESULTS
Slide 20: Compelling business model continues to underpin our success
COMPELLING BUSINESS MODEL CONTINUES TO UNDERPIN OUR SUCCESS Revenue Long term Large aligned to Service Unique History of Growing modern commodity relationships Offering Growth Margins Fleet processing FULLY INTEGRATED SERVICE OFFERING Mining, Haulage, Crushing and Screening, Site Services, Civil Con
Slide 21: Enhance market position and growing returns
ENHANCE MARKET POSITION AND • Recent wins underpin a strong outlook with the Develop contract GROWING RETURNS underway and organic growth expected from our existing customers, • Significant improvement in profit margins has been a highlight and now at a more sustainable level with opportunities to i
Slide 22: Thank you
HEAD OFFICE A 10 Yindi Way Kalgoorlie, Western Australia P (08) 9021 1011 CORPORATE OFFICE A Level 6, 905 Hay Street, Perth, Western Australia P (08) 9022 7746 EMAIL info@mlgoz.com.au WEBSITE mlgoz.com.au ABN & ASX ABN 53 102 642 366 ASX MLG THANK YOU 22 Authorised for release by the Board of Direct
Slide 23: Appendix
APPENDIX 23 FY2026 FINANCIAL RESULTS
Slide 24: FY2026 Highlights
FY2026 HIGHLIGHTS • Pro Forma Net profit after tax up 34.7% with significant improvement in our profit margins. • Overall strong portfolio performance across the haulage and site services projects with stronger demand for crushing services over longer project durations (Crushing revenue up 7.0% to $
Slide 25: Our Timeline
OUR TIMELINE Construction and Build, own, operate commissioning of fixed First sand quarry First hard rock quarry First contract-crushing fixed plant crusher at plant at Fortescue MLG founded by operation – 8 Mile established Tarmoola contract awarded to Fortescue Christmas Construction of Tails Dam
Slide 26: Meet the Team
MEET THE TEAM 26 FY2026 FINANCIAL RESULTS
Slide 27: Historic Financial Performance – Pro Forma
HISTORIC FINANCIAL PERFORMANCE – PRO FORMA1 Pro Forma Pro Forma Pro Forma $000’s Notes FY26 FY26H2 FY26H1 FY25 FY25H2 FY25H1 FY24 FY24H2 FY24H1 Revenue Mine Site Services and Bulk Haulage 1 512,727 250,932 261,795 494,886 248,216 246,670 412,911 226,984 185,927 Crushing and Screening 48,713 25,917 2