Duratec Limited · ASX:DUR
Duratec — FY2026 Earnings Presentation
34 slides from Duratec's earnings presentation, Aug 26, 2026
Slide 1: Duratec Limited FY26 Results Presentation
For personal use only Duratec Limited FY26 Results Presentation
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer This presentation has been prepared by Duratec Limited (ACN 141 614 075) ("Duratec", "Duratec Group" and the "Company"). The information contained For personal use only in this presentation is for information purposes only. The information contained in this presentation
Slide 3: Meet Our Speakers
Meet Our Speakers For personal use only Chris Oates Managing Director Ashley Muirhead Chief Financial Officer 3 Duratec Limited | FY26 Results Presentation | 26 August 2026
Slide 4: Business History
Business History Key Business Drivers Revenue Growth Over 16 Years For personal use only • Aged infrastructure EIG Australia (DUR), RGK Resources (MEnD), Hunter Coatings (DUR), PWA (WPF) • Asset capacity expansion AsClear & GFE (WPF) • Growing asset markets RC Construction (DDR) & A&B Welding (WPF)
Slide 5: Our Portfolio
Our Portfolio For personal use only Note 1: Emerging Sectors relate to Marine, Transport Infrastructure, and Water Infrastructure, which is disclosed as "Other segments" in Note 3 of the Financial Statements 5 Duratec Limited | FY26 Results Presentation | 26 August 2026
Slide 6: Building Momentum
Building Momentum FY26 was about winning work. FY27 is about delivering it. For personal use only FY26 – A Year of Positioning FY27 – A Year of Delivery • Gross margin 18.6% → 20.5%; normalised EBITDA • FY27 revenue expected to grow strongly as we margin 9.2% → 10.3% on flat revenue deliver on our r
Slide 7: FY26 Financial Highlights
FY26 Financial Highlights Margin expansion on flat revenue, record order book into FY27 For personal use only FY26 Revenue by Operating Segment $570.3m $58.5m Revenue1 EBITDA2 ↓ 0.5% on FY25 $573.0m ↑ 10.5% on FY25 $53.0m $23.8m 9.25c NPAT Earnings Per Share3 ↑ 4.1% on FY25 $22.8m ↑ 1.6% on FY25 9.1
Slide 8: Financial Results
For personal use only Results Financial
Slide 9: FY26 Financial Results
FY26 Financial Results Revenue held, earnings grew, disciplined selection over volume Consolidated For personal use only 2026 2025 • Revenue of $570.3m, broadly in line with FY25, demonstrating the FY26 FINANCIAL RESULTS $'000 $'000 benefit of Duratec's diversified operating model Revenue 570,281 57
Slide 10: Cash Flow
Cash Flow $26.5m invested in growth while returning $9.4m to shareholders For personal use only Solid Return to Shareholders $9.4m of dividends paid during FY26 Strong Cash Conversion Investment in Growth 74% • $12.1m in Plant & Equipment Operating cash flow before • $14.4m in Business Acquisitions
Slide 11: Balance Sheet Summary
Balance Sheet Summary Net assets up 26%, well funded to fund the FY27 delivery year Consolidated Entity For personal use only 2026 2025 • Net assets increased 26.2% to $93.8m, reflecting strong operating FINANCIAL POSITION AS AT 30 JUNE 2026 $'000 $'000 performance and investment in strategic growth
Slide 12: Operational Highlights
For personal use only Operational Highlights
Slide 13: Safety & Sustainability
Safety & Sustainability Zero lost time injuries; systems and standards uplifted group-wide For personal use only Our Safety & Community & People Wellbeing Engagement • Workforce grew to 1,580 • TRIFR1 increased to 6.17 and • Continued support of community LTIFR2 decreased to zero focused and charita
Slide 14: Defence
Defence Increased margin; Diamantina Wharf underwrites FY27 For personal use only Revenue Gross Margin EBITDA Margin $157.8m 17.4% 8.4% ↓ 13% on $181.4m FY25 ↑ from 13.0% in FY25 ↑ from 6.9% in FY25 Performance • Improved gross margins through disciplined project selection, effective cost management
Slide 15: Mining & Industrial
Mining & Industrial Higher-quality revenue mix, increased margin For personal use only Revenue Gross Margin EBITDA Margin $114.3m 23.0% 8.1% ↓ 16.3% on $136.6 m FY25 ↑ from 20.3% in FY25 ↓ from 9.6% in FY25 Performance • Gross margin improved to 23%, reflecting greater proportion of higher-value str
Slide 16: Building & Facade
Building & Facade Record revenue, record margin, best-performing sector in FY26 For personal use only Revenue Gross Margin EBITDA Margin $138.8m 19.9% 9.4% ↑ 24.1% on $111.9m FY25 ↑ from 18.4% in FY25 ↑ from 7.6% in FY25 Performance • Record revenue and improved margins driven by diversified project
Slide 17: Energy
Energy Fastest-growing segment, platform tripled through projects and acquisition For personal use only Revenue Gross Margin EBITDA Margin $91.6m 25.3% 14.7% ↑ 11.0% on $82.5m FY25 ↓ from 28.9% in FY25 ↑ from 14.6% in FY25 Performance • Revenue growth driven by maintenance, fuel infrastructure, engi
Slide 18: Emerging Sectors
Emerging Sectors 1 Marine and water infrastructure set for further growth For personal use only Revenue Gross Margin EBITDA Margin $67.8m 18.2% 3.2% ↑ 11.8% on $60.6m FY25 ↑ from 17.3% in FY25 ↓ from 4.1% in FY25 Performance • Revenue growth and improved margins driven by a broader portfolio of mari
Slide 19: Entity Updates
For personal use only Entity Updates
Slide 20: MEnD
MEnD Highlights Outlook For personal use only • Demand strengthened across all major sectors, • Continued investment in digital capabilities and reinforcing MEnD's role as Duratec's specialist technical innovation advisory business • Continued demand across asset integrity, inspection and • Establis
Slide 21: WPF
WPF Highlights Outlook For personal use only • Expanded East Coast footprint through Queensland • Expanded footprint and continued engagement with key growth and acquisition of Pacific Welding Australia energy sector clients, including Chevron, Woodside, (PWA) Inpex, Santos, McDermott and APA Group,
Slide 22: EIG
EIG Highlights Outlook For personal use only • Successfully integrated into the Duratec Group, • Strong pipeline of secured and prospective expanding capability across fuel infrastructure, electrical opportunities across fuel infrastructure, resources and and mechanical services energy markets, incl
Slide 23: Atec Facades
Atec Facades Highlights Outlook For personal use only • Launched Atec Facades, expanding capability into the • Broadens addressable market beyond remediation into new-build façade market new-build façade construction • Added specialist expertise across design, procurement, • Growing demand for speci
Slide 24: DXP
DXP Highlights Outlook For personal use only • Established DXP Energy Solutions as a specialist • Growing pipeline across Australia and PNG, spanning platform for complex energy infrastructure projects decommissioning, well abandonment, O&M and energy • Mobilised and delivered a major plug and aband
Slide 25: DDR
DDR Highlights Outlook For personal use only • Maintained a steady work-in-hand position and pipeline • Focused on disciplined growth across Western Australia, of Defence and infrastructure opportunities, supported Queensland and the Northern Territory by ongoing Estate Works delivery and participat
Slide 26: Master Services Agreements
Master Services Agreements ~$185m of recurring, above-average-margin revenue For personal use only • ~$185m of MSA and annuity FY26 MSA and annuity style projects projects, up from ~$178m in represented 32.5% of revenue FY25, represented approximately 32.5% of revenue for FY26 compared to 31% in FY2
Slide 27: Pipeline & Outlook
For personal use only Outlook Pipeline &
Slide 28: Order Book, Tenders and Pipeline
Order Book, Tenders and Pipeline Record $650.8m order book, tenders converting to contracts For personal use only 1, 2 1, 2, 3 1, 2, 4 5 Note 1: Order Book, Tenders and Pipeline as at 21 August 2026 vs 21 August 2025 Note 2: Figures include 49% share of DDR Australia Pty Ltd and RC Construction WA P
Slide 29: Outlook
Outlook Delivering a record order book in FY27 For personal use only Short-term Outlook Medium to Long-term Outlook • Record order book and strong tender pipeline provide • Significant investment programs across Defence, revenue visibility across core sectors Energy, Mining & Industrial and critical
Slide 30: Questions & Answers
For personal use only Answers Questions &
Slide 31: Questions & Answers
Questions & Answers For personal use only Chris Oates Managing Director Ashley Muirhead Chief Financial Officer 31 Duratec Limited | FY26 Results Presentation | 26 August 2026
Slide 32: Appendix
For personal use only Appendix
Slide 33: Corporate Snapshot
Corporate Snapshot Share Price and Volume – 01 Jul 2025-30 Jun 2026 For personal use only Capital Structure Duratec Limited Board ASX code DUR Martin Brydon Non-Executive Chair Chris Oates Managing Director Shares on issue 258.2m Phil Harcourt Non-Executive Director Share price as at 24 August 2026
Slide 34: Duratec Limited FY26 Results Presentation
For personal use only Duratec Limited FY26 Results Presentation