Slide 1: FY26 Results Presentation
FY26 RESULTS Presentation Steven Boland - CEO Andrew Crowther - CFO Matt Caporella - COO Acrow Ltd (ASX:ACF) Raising the Standard in Construction. 1 24 August 2026
Slide 2: Disclaimer
DISCLAIMER This presentation is based on unaudited final results and provided for information purposes only. The information in this presentation is in a summary form, does not purport to be complete and is not intended to be relied upon as advice to investors or other persons. The information conta
Slide 3: Acrow Overview
ACROW OVERVIEW COMPETITIVE ADVANTAGES Acrow is a leading provider of products and services to SECTORS SERVICED the Australian construction and industrial markets Civil infrastructure ENGINEERING QUALITY EXPERTISE & OF OUR SOLUTIONS PEOPLE Industrial, Mining, Energy, Utilities, Defence & Marine PRODU
Slide 4: Key FY26 Highlights
Landmark, St Leonards, NSW KEY FY26 HIGHLIGHTS Steven Boland, MD & CEO 4
Slide 5: Key Operational Achievements FY26
KEY OPERATIONAL ACHIEVEMENTS FY26 INDUSTRIAL ACCESS - TWO COMPLEMENTARY JUMPFORM AND SCREENS RECURRING REVENUE ACQUISITIONS GROWTH (SETTLED POST 30 JUNE) Industrial Access revenue exceeds Preston’s SuperDeck loading Jumpform and Screens revenue at $200m, up 53% on PCP platforms and Ausgroup industri
Slide 6: Secured Hire Contracts and Pipeline
SECURED HIRE CONTRACTS AND PIPELINE Record pipeline continues 1. HIRE CONTRACTS WON CURRENT PIPELINE -2% 300 +33% 100 289.7 250 97.2 95.7 80 200 217.5 60 $m 150 $m 40 100 20 50 0 0 FY25 FY26 FY25 FY26 6 1.Comprises tenders and quotes provided. Does not include the labour hire component of Industrial
Slide 7: Safety Remains a Key Focus
SAFETY REMAINS A KEY FOCUS 1 TRIFR 2 LTIFR 3 6 5.9 5.7 5 1.2 1.1 4 4.4 1.0 0.8 0.9 3 TOTAL HOURS WORKED 0.6 2 0.4 2.5 1 0.2 2.2 0.0 2.0 0.0 0 FY24 FY25 FY26 FY24 FY25 FY26 m Hours 1.5 1.4 1.0 0.9 TOTAL RECORDABLE INJURIES LOST TIME INJURIES 0.5 14 2.0 2.0 12 13.0 0.0 1.5 FY24 FY25 FY26 10 8 1.0 6 1.
Slide 8: Key Financial Metrics FY26
KEY FINANCIAL METRICS FY26 1 REVENUE EBITDA 350 $336.0 100 $265.2 $80.2 $80.3 300 80 250 200 60 $m $m Flat 150 27% 40 100 20 50 0 0 FY25 FY26 FY25 FY26 EBIT NPAT $34.7 35 60 $56.3 $27.6 $51.3 30 50 25 40 9% 20 20% $m 30 $m 15 20 10 10 5 0 0 FY25 FY26 FY25 FY26 EPS DPS 11.27c 5.85c 12 6 10 8.86c 5 8
Slide 9: Operational Update
OPERATIONAL UPDATE Steven Boland, MD & CEO Renascent, 2 Park St, NSW 9
Slide 10: Divisional Breakdown
DIVISIONAL BREAKDOWN Record group revenue continues with 27% growth Industrial Access exceeds $200m revenue, contributing greater than 60% of Group revenue * Refers to percentage point change on PCP Group EBITDA flat due to slow activity in the REVENUE BY DIVISION construction division in the first
Slide 11: Construction Services Division
CONSTRUCTION SERVICES DIVISION Recovery underway with record half-yearly formwork revenue reported in 2H FY26 Jumpform & Screens revenue at record levels NSW, SA and WA at record revenue levels. VIC operating at acceptable levels. QLD showing * Refers to percentage point change on PCP significant up
Slide 12: Formwork Revenue by State & National
FORMWORK REVENUE BY STATE & NATIONAL 1. NATIONAL FORMWORK REVENUE 140 1H 50 121.1 115.6 119.6 30 120 2H 17.1 11.6 1H 102.0 59.8 61.0 66.7 25 40 24.5 100 18.5 21.4 12.4 2H 78.7 54.9 20 11.1 30 19.2 80 60.4 43.6 7.210.1 7.3 $m 17.2 $m 60 $m 15 6.7 7.9 8.3 20 23.2 21.2 30.3 61.3 10 11.6 11.7 10.3 20.8
Slide 13: Jumpform Screens
JUMPFORM SCREENS 28 Jumpform projects in progress nationally 104 Screens projects in progress nationally 7 10 19 22 projects include Screens supply 10 Growth - entirely organic initiatives 3 57 Current pipeline $97.8m 1 8 Complementary to Jumpforms 2 PROJECT WINS BY STATE 135 x towers in progress ac
Slide 14: Meriton Cypress Update
MERITON CYPRESS UPDATE Tower 1 Acrow perimeter screens installed and progressing successfully Structure has reached level 14 Tower 2 Acrow main Jumpform progressed to Level 17 Acrow Column Climber operating at Level 9 Acrow perimeter screens scheduled for installation from level 16 Project Progress
Slide 15: Industrial Access Division
INDUSTRIAL ACCESS DIVISION Represents 60% of Group revenue from standing start in 2019 Revenue boosted by acquisitions and organic growth * Refers to percentage point change on PCP Gross profit margin declined due to lower margin SEGMENTAL REVENUE contributions from the Brand Australia business, as
Slide 16: Current Industrial Projects
CURRENT INDUSTRIAL PROJECTS Snowy Hydro 2.0 BMA Perdaman Bowen Basin & Hay Point Urea Plant Major industrial access/scaffolding Major long-term industrial access Industrial access services package supporting the Snowy and scaffolding services contract supporting construction of the Hydro 2.0 project
Slide 17: Tarong Power Station
TARONG POWER STATION Acrow delivered a $7.9m principal contractor package during a critical cooling tower outage Installed 280 tonnes of engineered scaffold infrastructure and 230 structural beams (84 tonnes) Mobilised a peak workforce of 98 personnel across 14 trade groups, delivering approximately
Slide 18: Financials
FINANCIALS Andrew Crowther, CFO North East Link 18
Slide 19: Profit & Loss
PROFIT & LOSS Underlying profit down 20% due predominantly to temporary decline in Queensland construction market, higher depreciation and interest Final dividend of 1.42 cps (100% franked). Full year dividend of 3.42cps (100% franked) EBITDA flat due to impact of Queensland, offset by higher contri
Slide 20: Balance Sheet
BALANCE SHEET Net debt up $9.8m to $133.0m – predominantly capex, earn-outs and expansion of labour payments in industrial access, offset by $31.3m net proceeds from Tranche 1 of capital raise Net debt to EBITDA increased from 1.8x at June 2025 to 1.9x at 30 June 2026 Total assets up $76.7m from cap
Slide 21: Net Debt Bridge
NET DEBT BRIDGE Net debt increased by $9.8m during the year to $133.0m, reflecting deliberate capital allocation into growth initiatives EBITDA generated approximately $80.3m of cash benefit during FY26 The majority of cash outflows reflected growth initiatives totalling $42.1m including earn-outs a
Slide 22: FY26 Capex Spend ($m)
FY26 CAPEX SPEND ($m) Other Stay in business Uni-Ring/ $2.9m $5.4m Lahyer $1.4m Growth capex of $31.1m and non-growth capex of $5.4m FY26 capex was directed towards strategic and profitable growth areas including industrial access and specialised systems. Screens $7.9m Jumpform and Screens investmen
Slide 23: Growth Opportunities
Pinnacle Studios, QLD GROWTH OPPORTUNITIES Steven Boland, MD & CEO 23
Slide 24: Acquisition - SuperDeck
ACQUISITION - SUPERDECK® SuperDeck® is recognised as the market leader for retractable loading platforms in Australia. This includes: Specialists in retractable loading platforms Offering a developed and proprietary product line, refined and perfected since 2001 National market coverage, enabling fl
Slide 25: Acquisition - Ausgroup Industrial Services
ACQUISITION - AUSGROUP INDUSTRIAL SERVICES Ausgroup Industrial Services (“AGIS”) is a family owned, Queensland‑based integrated industrial services provider supporting mining, ports, energy, mills and the heavy industry AGIS focuses on solutions-based contracting, safety, productivity and innovation
Slide 26: Product Development: Powershore 60 and Uni-Ring
PRODUCT DEVELOPMENT POWERSHORE 60 Launched in Feb 2026 National rollout continuing across Industrial Access and UNI-RING Double the load capacity compared to equivalent Construction Services size competing products and only 20% heavier Now deployed throughout QLD, NSW, WA, SA and VIC Acrow internall
Slide 27: Product Development: Ground Shoring and Bespoke Formwork
PRODUCT DEVELOPMENT BESPOKE FORMWORK GROUND SHORING New high-capacity ground shoring system PROPPING Extensive fleet compatibility with Acrow’s Expanding capability to deliver bespoke targeted for launch in 1H FY27 formwork systems, supporting projects engineered solutions where proprietary Purpose-
Slide 28: Industrial Access: Building Sustainable Earnings
BUILDING SUSTAINABLE EARNINGS Expanded Industrial Access to deliver recurring revenue business Industrial Access Revenue Revenue of $201m represented 60% of group revenue in FY26 250 200 201 Industrial Access Acquisitions: 150 $m MI Scaffold (Nov-23) 100 132 Benchmark Scaffolding (Mar-24) 72 50 Bran
Slide 29: Industrial Access
INDUSTRIAL ACCESS Building a larger national industrial services platform Acquisition of AGIS significantly expands Acrow's industrial access footprint in Queensland's resource sector Focus on growing WA market organically off the back of the Perdaman contract Continued growth expected across existi
Slide 30: Industrial Access - Regional
INDUSTRIAL ACCESS - REGIONAL Central & North QLD Strong pipeline across Bowen Basin, Mackay, Gladstone and Hay Point Long-term maintenance and shutdown opportunities across: Mining Ports LNG Power generation Processing facilities AGIS acquisition strengthens Acrow's regional presence and customer ba
Slide 31: Sydney Harbour Bridge
SYDNEY HARBOUR BRIDGE Project highlights 13+ years delivering engineered access solutions on the Sydney Harbour Bridge Five consecutive Transport for NSW contracts delivered since 2013, valued at more than $22 million Peak deployment of: 500 tonnes of scaffold and access equipment 35 scaffold person
Slide 32: Construction
CONSTRUCTION Scaffold, formwork, propping & shoring, jumpform & screens Strong national pipeline across commercial, residential and civil infrastructure Continued growth in major transport, health, education and data centre developments Increasing demand for engineered temporary works solutions Cros
Slide 33: Snowy Hydro
SNOWY HYDRO ADDITIONAL OPPORTUNITIES CURRENT DELIVERED PROJECT $60M CONTRACT VALUE 50% COMPLETE $30M TO DATE Project update Major industrial access and scaffolding package supporting Snowy 2.0 Dedicated Cooma operation supporting ongoing project delivery Large site workforce delivering in a complex
Slide 34: Queensland Infrastructure Timeline
QUEENSLAND INFRASTRUCTURE | TIMELINE Multi-year pipeline of works driving growth through to 2030 CONSTRUCTION *Source: Queensland Major Contractors Association 34
Slide 35: Queensland Transport & Water Infrastructure
QUEENSLAND TRANSPORT & WATER INFRASTRUCTURE Strong existing hire revenue combined with early contractor and design engagement positions Acrow across multiple major Queensland infrastructure programs through 2030 WATER TRANSPORT TRANSPORT MAJOR FORWARD CURRENT SECURED/NEAR-TERM PIPELINE CHAMBERS FLAT
Slide 36: Brisbane 2032 Venue Development Pipeline
BRISBANE 2032 | VENUE DEVELOPMENT PIPELINE Early engagement across key venues positions Acrow ahead of major construction activity from 2027 BRISBANE BRISBANE BRISBANE NATIONAL GOLD COAST REGIONAL & STADIUM SHOWGROUNDS ATHLETES VILLAGE AQUATIC CENTRE ARENA OTHER VENUES Dual ECI | Hutchinson Builders
Slide 37: National Civil Infrastructure
NATIONAL CIVIL INFRASTRUCTURE Diversified pipeline across Australia's largest infrastructure projects Continued investment in major transport, road, rail, water and energy infrastructure nationally Growing demand for integrated temporary works rather than standalone hire products Cross-selling oppor
Slide 38: Specialised Services - Cross Selling
SPECIALISED SERVICES - CROSS SELLING Driving Cross-Selling Across the Acrow Group Integrated Temporary Works Solutions Increasing customer demand for single-source temporary works solutions Cross-selling opportunities expanding across industrial access, construction and civil infrastructure National
Slide 39: Guidance
GUIDANCE METRIC 1H FY26 1H FY27 % CHG FY26 FY27 %CHG 1. 1. (Underlying) ACTUAL GUIDANCE ON 1H FY26 ACTUAL GUIDANCE ON FY26 Revenue $155.9m $195m-$215m up 31% $323.6m $410m-$430m up 30% EBITDA $38.0m $50m-55m up 39% $80.3m $105m-$115m up 37% 1. Based on mid-point Acrow has upgraded FY27 guidance for
Slide 40: Contact
CONTACT ACROW HEAD OFFICE 2A Mavis Street Revesby NSW 2212 1300 138 362 Steven Boland Andrew Crowther Matt Caporella info@acrow.com.au MD & CEO CFO COO www.acrow.com.au Investor enquiries & presentation questions Raising the Standard in Construction. investors@acrow.com.au 40