Southern Cross Electrical Engineering Limited · ASX:SXE
Southern Cross Electrical Engineering — H1 FY2026 Earnings Presentation
29 slides from Southern Cross Electrical Engineering's earnings presentation, Feb 18, 2026
Slide 1: Half Year Ended 31 December 2025 Results Presentation
Half Year Ended 31 December 2025 Results Presentation 18 February 2026
Slide 2: Introduction to SCEE
Introduction to SCEE Leading and trusted national provider and …operating through a portfolio of businesses: manufacturer of specialised electrical, instrumentation, communications, security, fire, Historically focused on resources and industrial work, but now also diversified into infrastructure an
Slide 3: SCEE's strategy
SCEE’s strategy SCEE sees electrical contracting as its core capability whilst increasingly diversifying into adjacent disciplines and servicing a broad range of sectors • Our growth strategy continues to be to deepen our presence in those sectors and broaden our geographic diversity through expandi
Slide 4: H1 FY26 Financial Results
Half Year FY26 Results Presentation 4 4 H1 FY26 Financial Results
Slide 5: Financials
Financials Underlying EBITDA $35.4m (PCP: $27.1m) up 30.8% on then record PCP* Underlying EBIT $29.1m (PCP: $23.2m) up 25.5% on record PCP* WestConnex arbitration settled resulting in legal dispute costs of $46.1m NPAT loss $12.8m (PCP: profit $16.2m) Result included $2.2m (PCP: $1.1m) for acquisiti
Slide 6: Profit and loss
Profit and loss Revenue $349.1m (PCP: $397.4m) down 12.2% on PCP as Collie BESS Summary financials: and Western Sydney International Airport Terminal projects winding up H1 H1 Ongoing significant revenue contributors are the NEXTDC Artarmon % and other data centres, Shoalhaven and Shellharbour Hospi
Slide 7: Revenue
Revenue Revenue by Sector Revenue by Geography Revenue by Discipline $m $m $m • Infrastructure down as CBESS winding • WA reduced as CBESS winding up • Circa 40% now from adjacent non- up electrical disciplines • 70% of revenue now on East Coast • Commercial grew with Force Fire industrial warehousi
Slide 8: Balance sheet
Balance sheet Cash decreased to $58.8m (30 June 2025: $88.6m) mainly driven by Balance sheet summary: settlement of WestConnex arbitration proceedings and unwinding of Collie BESS advance payments Remain debt free Dec 25 Jun 25 $96.8m of bank guarantees and surety bonds were on issue at 31 $m $m Dec
Slide 9: Cash flow
Cash flow Significant cash flows in the period included: • Record half-year dividend pay-out of $13.3m • Acquisition deferred consideration payments of $4.7m • Unwinding of advance payments on the Collie BESS project of $12.0m • Settlement pay-out and legal fees on WestConnex arbitration proceedings
Slide 10: Order book
Order book Order Book by Sector Order Book by Geography Order Book by Discipline $m $m $m • Order book grew 6% on PCP • 85% of order book on East Coast • $200m of order book now in • Commercial growth from Force Fire adjacent non-electrical disciplines • QLD now second biggest state H1 H1 H1 H1 H1 H
Slide 11: Operations and outlook
Half Year FY26 Results Presentation 11 11 Operations and outlook
Slide 12: Operations and outlook
Operations and outlook Lost Time Injury (“LTI”) free for eighth consecutive half-year (H1 FY26: 1.6m manhours LTI-free) Workforce at circa 1,700 direct employees following demobilisation at Collie BESS Co-location into new Brisbane premises commenced Collie BESS practical completion achieved Western
Slide 13: Multi-disciplinary offerings
Multi-disciplinary offerings We aim to maximise the synergies and cross-selling opportunities created by the increasing diversification and multi-disciplinary nature of the Group In particular: • Overlapping client bases leading to sharing of market insights, business development co-ordination, and
Slide 14: Structural tailwinds
Half Year FY26 Results Presentation 14 14 Structural tailwinds
Slide 15: Data centres
Data centres SCEE businesses have worked on data centres for over twenty years, and the sector is in exponential growth. Huge capital raised in recent periods now being deployed for actual construction phase across Australia SCEE businesses have multi-layered relationships in the sector with both th
Slide 16: Infrastructure
Infrastructure Infrastructure very wide sector across government and private investment. Excluding data centres, renewables, and energy, this sector also includes for SCEE transport (airports, rail, road, and ports), health and aged care, defence, education, agriculture, water, and other utilities S
Slide 17: Renewables
Renewables Australia’s energy transition requires investment in renewables supported by battery storage and grid reconfiguration SCEE participates in this thematic having constructed multiple solar farms, wind farms, and Battery Energy Storage Systems: • Successfully completed in period Synergy’s 50
Slide 18: Electrification
Electrification SCEE has multiple other exposures to Australia’s energy transition which requires electrification of many activities by 2050 SCEE’s capabilities align with this energy transition, which will demand the substantial electrification and decarbonisation of existing industries, transport
Slide 19: Investment proposition
Half Year FY26 Results Presentation 19 19 Investment proposition
Slide 20: Long term earnings growth – last 5 years
Long term earnings growth – last 5 years Underlying FY26 EBITDA guidance forecasting at least $72m would represent 31% growth on FY25 EBITDA* EBITDA EBIT EPS $m $m cps CAGR CAGR CAGR 16.6% 19.8% 21.2% 54.8 45.9 12.0 Half Year FY26 Results Presentation 38.2 40.1 32.7 35.3 29.6 8.3 26.7 7.7 29.6 22.3
Slide 21: Growth of recurring revenues
Growth of recurring revenues Strong track record of recurring revenues growth Wide range of recurring works under services, maintenance, sustaining capital, and framework 27% of H1 FY26 revenues recurring agreements, including: Recurring Revenues ($m) • Supermarket works for Woolworths and Coles • S
Slide 22: Strong shareholder returns and financial position
Strong shareholder returns and financial position Shareholder returns over last eight years Strong cash position and bonding capacity to support (2.5 cps franked interim dividend to be paid 22 April 2026) continued growth Dividends paid (cps) $m FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Cash 58.8
Slide 23: Track record of successful acquisitions
Track record of successful acquisitions Completed value-accretive acquisitions of Datatel in 2016, Revenue contribution of acquisition in first full year of Heyday in 2017, Trivantage Group in 2020, MDE Group in consolidation 2024, and Force Fire in 2025 Acquisition targets being explored offering f
Slide 24: Conclusion
Half Year FY26 Results Presentation 24 24 Conclusion
Slide 25: Conclusion
Conclusion Underlying EBITDA $35.4m (PCP: $27.1m) up 30.8% on then record PCP* Underlying EBIT $29.1m (PCP: $23.2m) up 25.5% on record PCP* WestConnex arbitration settled resulting in legal dispute costs of $46.1m NPAT loss $12.8m (PCP: profit $16.2m) Cash $58.8m (30 June 2025: $88.6m) as settlement
Slide 26: Appendices
Half Year FY26 Results Presentation 26 26 Appendices
Slide 27: Appendix 1 – IFRS reconciliation
Appendix 1 – IFRS reconciliation SCEE’s results are reported under International H1 FY26 H1 FY25 Financial Reporting Standards (IFRS). SCEE discloses certain non-IFRS measures that are not prepared in $m $m accordance with IFRS. The non-IFRS measures should only be considered in addition to, and not
Slide 28: Appendix 2 - Corporate summary
Appendix 2 - Corporate summary Capital Structure Shareholders at 5 February 2026 ASX Code SXE Thorney 7.3% Share Price (16 February 2026) $2.91 Perpetual 5.1% No. of ordinary shares (16 February 2026) 266.0m Other institutions in top 60 shareholders 26.6% Market Capitalisation (16 February 2026) $77
Slide 29: Disclaimer
Disclaimer Some of the information contained in this presentation contains “forward-looking statements” which may not directly or exclusively relate to historical facts. These forward-looking statements reflect the current intentions, plans, expectations, assumptions and beliefs of Southern Cross El
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