Srg Global Limited · ASX:SRG
Srg Global — Merger or Acquisition (October 2025)
28 slides from Srg Global's merger presentation, Oct 14, 2025
Slide 1: TAMS Acquisition Investor Presentation
TAMS ADD YOUR ACQUISITION PRESENTATION TITLE HERE 14 October 2025
Slide 2: TAMS Overview
TAMS ACQUISITION TAMS Overview • Established for 25 years, an experienced end-to-end diversified marine infrastructure services partner with full self-perform capability 25+years 500+ 6 Full end-to-end Skilled workforce Shore-bases in key • Expert in design, engineering, construction, maintenance an
Slide 3: Acquisition Transaction Overview Details
TAMS ACQUISITION Acquisition Transaction • SRG has entered into a binding agreement to acquire 100% of Total AMS Pty Ltd and its Overview Details subsidiaries (collectively “TAMS”) for $85 million on a cash-free, debt-free basis and normal level of working capital (“Acquisition”) xx • Implied Acquis
Slide 4: Strategic Rationale
TAMS ACQUISITION Strategic Rationale Transformational acquisition of leading Clear strategic fit with complementary Immediate market positioning in marine infrastructure services provider self perform delivery capability highly attractive growth markets • Specialist diversified port and marine infra
Slide 5: Building the Most Sought-after Diversified Infrastructure Services Business
TAMS ACQUISITION Building the Most Sought-after Diversified Infrastructure Services Business Zero Harm / ESG industry leader and recognised employer / partner of choice Continuing to enhance our Innovation and Technology to drive sustainable growth and competitive advantage Selective strategic acqui
Slide 6: Who We Are, What We Do, Our Vision
WHO WE ARE WHAT WE DO OUR VISION We are a diversified We bring an engineering The most sought-after infrastructure mindset to deliver critical diversified infrastructure services company services for major industry services business ADD YOUR PRESENTATION Marine infrastructure specialist Maintena
Slide 7: Asset lifecycle
TAMS ACQUISITION TAMS Critical diversified marine infrastructure services Service Offering Asset • Routine provision of inspection and monitoring services – includes specialist 1 Inspection divers, ropes and moorings, subsea technicians and general marine services Early • Identification of critical
Slide 8: Embedded value via geographical footprint providing competitive advantage and moat
TAMS ACQUISITION Embedded value via geographical footprint providing competitive advantage and moat North Queensland Key SRG locations Key TAMS locations Gladstone Perth North-West Brisbane Fremantle Port Hedland Broome • 25 years of operations at • 15 years of operations at primary regional port fa
Slide 9: Highly Complementary Core Capabilities
TAMS ACQUISITION Highly Complementary Core Capabilities TAMS’ core capabilities are highly complementary with SRG Global’s service offering in delivering critical infrastructure services to the marine industry and its associated users (government, resources, energy, defence and water). Maintenance S
Slide 10: Strengthens marine infrastructure offering with combined market-leading experience
TAMS ACQUISITION Strengthens marine infrastructure offering with combined market-leading experience Broome Port Hedland Gladstone Fremantle Port Wharf construction Infrastructure Maintenance Wharf Maintenance Infrastructure Maintenance ADD YOUR PRESENTATION TITLE HERE Green Island Jetty Remediation
Slide 11: Case Study – TAMS Experience (Port Hedland Shore-Base)
TAMS ACQUISITION Case Study – TAMS Experience Port Hedland Shore-Base Client Core Service Asset Maintenance Description ADD YOUR • Long-term relationship with key blue-chip clients, under term contracts • Demonstrates the range and breadth of services PRESENTATION o Subsea Services o Asset Maintenan
Slide 12: Case Study – TAMS Experience (Broome Floating Wharf)
TAMS ACQUISITION Case Study – TAMS Experience Broome Floating Wharf Client Core Service Engineering Construction Description ADD YOUR • Innovative, state of the art floating wharf infrastructure project to provide 24/7, 365-day access to Broome Port • Full end-to-end self perform engineering constru
Slide 13: Key End Markets
ADD YOUR PRESENTATION Key End Markets TITLE HERE TAMS ACQUISITION 12
Slide 14: ADD YOUR PRESENTATION TITLE HERE
ADD YOUR PRESENTATION TITLE HERE 13
Slide 15: ADD YOUR PRESENTATION TITLE HERE
ADD YOUR PRESENTATION TITLE HERE 14
Slide 16: Critical sovereign infrastructure
TAMS ACQUISITION Critical sovereign infrastructure Marine infrastructure is vital to Australia’s trade, economy and sovereignty and is treated as critical infrastructure EXPORTS Capital-intensive, ageing infrastructure Bulk ports dominate Australian exports Australian volume of goods exported by por
Slide 17: Increased demand on port infrastructure
TAMS ACQUISITION Increased demand on port infrastructure TAMS core clients are exposed to key Australian export industries including energy and resources, which have sustainably grown output for decades, ensuring continued demand for port infrastructure to facilitate upgrade / expansion works and in
Slide 18: Significant project pipeline
TAMS ACQUISITION Significant project pipeline Australian private and public infrastructure projects in marine and coastal areas will continue to underpin strong earnings growth for TAMS Growth from corporate and private investment in key sectors Committed pipeline of new marine construction Logistic
Slide 19: Long-Term Investment in Defence
TAMS ACQUISITION Long-Term Investment in Defence The Australian Government is investing heavily in Defence capability; TAMS provides significant exposure to naval and marine expenditure • Australian Government Defence budget of A$765 billion over Integrated Investment Program the next ten years to 2
Slide 20: Pro Forma Financials
ADD Pro YOUR Forma PRESENTATION Financials TITLE HERE TAMS ACQUISITION 19
Slide 21: Pro Forma FY26 Revenue, EBITDA & EBIT(A)
TAMS ACQUISITION Pro Forma FY26 Revenue, EBITDA & EBIT(A) Pro forma FY26 Revenue Pro forma FY26 EBITDA Pro forma FY26 EBIT(A) ~$1.65b ~$175m ~$135m ADD YOUR PRESENTATION TITLE HERE 20 Note: Based on TAMS’ baseline recurring earnings profile in FY25.
Slide 22: Pro Forma FY26 Financial Metrics
TAMS ACQUISITION Pro Forma FY26 ― Financial Metrics EBITDA ($m) EBITDA margin (%) ~ 25% increase 175.0 90 b.p. increase 10.6% 140.0 9.7% SRG Pro forma SRG Pro forma EBIT(A) ($m) EBIT(A) margin (%) ADD YOUR ~ 30% increase 135.0 100 b.p. increase 8.2% 105.0 7.2% PRESENTATION TITLE HERE SRG Pro forma S
Slide 23: Pro Forma FY26 Financial Metrics
TAMS ACQUISITION Pro Forma FY26 ― Financial Metrics EPS(A) (cents) Gearing (Net Debt to EBITDA) ~25% accretion 13.9 0.3x 11.1 Net Cash SRG Pro Forma SRG Pro forma Work in Hand Opportunity Pipeline ADD YOUR ~20% increase $4.2b ~35% increase $11.5b $3.6b $8.5b PRESENTATION TITLE HERE SRG Combined SRG
Slide 24: Deal Metrics and Scenario Analysis
TAMS ACQUISITION Deal Metrics and Scenario Analysis TAMS EBITDA Scenario $30m $35m $40m $45m $50m TAMS EBIT Scenario $25m $30m $35m $40m $45m Transaction Value (TV) Upfront $85m $85m $85m $85m $85m Earn Out (Year 1) - $5m $10m $12.5m $15m Earn Out (Year 2) - $5m $10m $12.5m $15m Total $85m $95m $105
Slide 25: Summary of TAMS Acquisition
TAMS ACQUISITION SUMMARY OF TAMS ACQUISITION Transformational Clear Market Acquisition Strategic Fit Leadership of market leading specialist with complementary in highly attractive growth marine infrastructure self-perform delivery segments for critical services provider capability infrastructure se
Slide 26: Appendix 1: Disclaimer
CANNING DAM, WATERCORP, WESTERN AUSTRALIA ADD YOUR Appendix 1: PRESENTATION Disclaimer TITLE HERE 25
Slide 27: Disclaimer
Disclaimer Summary information Future performance and forward-looking statements This Presentation is for information purposes only and is a summary only. It should be read in conjunction with SRG This Presentation contains certain forward-looking statements. The words “expect”, “anticipate”, “estim
Slide 28: srgglobal.com.au
srgglobal.com.au ADD YOUR PRESENTATION TITLE HERE