Mitchell Services Limited · ASX:MSV
Mitchell Services — Shareholder Meeting (October 2026)
12 slides from Mitchell Services's shareholder meeting presentation, Oct 21, 2026
Slide 1: Annual General Meeting 2026
ANNUAL GENERAL MEETING 2026 21 October 2026 rsonal use only ASX:MSV
Slide 2: CEO Presentation
2 rsonal use only CEO PRESENTATION Andrew Elf Chief Executive Officer Annual General Meeting 2026
Slide 3: Disclaimer
3 DISCLAIMER rsonal use only This investor presentation has been prepared by Mitchell Services Limited (“the Company”). The information contained in this presentation does not take into account the investment Information in this presentation is of a general nature only and should be read in conjunct
Slide 4: Agenda
4 AGENDA rsonal use only 1. MARKET PROFILE 2. FY26 OVERVIEW 3. CAPITAL MANAGEMENT PERFORMANCE 4. FY26 OPERATIONAL UPDATE 5. LOOP UPDATE 6. FY27 Q1 UPDATE 7. FY27 STRATEGY 8. SUMMARY Annual General Meeting 2026
Slide 5: Market Profile
5 MARKET PROFILE rsonal use only ASX INFORMATION BOARD OF DIRECTORS ASX Stock Symbol MSV Nathan Mitchell Executive Chairman Shares on Issue (at 19/10/2026) 212,450,530 Peter Miller Non-Executive Director Share Price (at 19/10/2026) A$0.60 Robert Douglas Non-Executive Director Market Capitalisation A
Slide 6: FY26 Overview
6 FY26 OVERVIEW rsonal use only ▪ Earnings were underpinned by high-quality clients that operate on sites that are generally lowest on the cost curve ▪ 75% of revenue was derived from global mining majors ▪ Gold represented circa 60% of revenue ▪ 80% of revenue was from production, development and r
Slide 7: Capital Management Performance
7 CAPITAL MANAGEMENT PERFORMANCE rsonal use only Net debt journey - $42.5m improvement in 4 years $42m ▪ In late FY22, after a material organic growth strategy, the $35m Company outlined a capital management strategy to $28m $21m reduce leverage and maximise cash returns to $14m shareholders whilst
Slide 8: FY26 Operational Update
8 FY26 OPERATIONAL UPDATE rsonal use only ▪ High level of operational execution delivered an EBITDA margin above 20% with fewer rigs running vs previous year ▪ Operating rigs reached a low of 59 following the final anticipated Queensland coal-related demobilisation. ▪ The strong financial result was
Slide 9: Loop Operational Update
: OPERATIONAL UPDATE • Customer 1 • First project successfully completed in FY25 rsonal use only • Customer 2 • Initial feasibility and consulting completed • Drilling is almost complete and has been a success so far – intersected a vertical well some 1,540 metres away – a world first • Multiple oth
Slide 10: FY27 Q1 Update
10 FY27 Q1 UPDATE rsonal use only REVENUE $66.5m EBITDA $18.7m EBT $13.3m 25% FROM $53.4m IN FY26 Q1 58% FROM $11.8m IN FY26 Q1 118% FROM $6.1m IN FY26 Q1 RETURN ON INVESTED CAPITAL 41% CASH BALANCE $11.8m AVE OPERATING RIGS 66 37% 44% 6% Annual General Meeting 2026 FROM 8.2m IN FY26 Q1 FROM 30% IN
Slide 11: FY27 Strategy
11 FY27 STRATEGY rsonal use only ▪ The strategy is to optimise the long-term growth of the business and returns to shareholders by: ▪ Continuing to improve the profitability of the existing business ▪ Capitalising on the growing pipeline of drilling opportunities in the mining sector. ▪ With a stron
Slide 12: Summary
12 SUMMARY rsonal use only ▪ Quality brand with long history and high-quality clients ▪ Fundamental improvement across all financial metrics when compared to previous reporting period ▪ Financial transformation following a five year, $73m redeployment of capital through debt reduction and cash retur
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