Capral Limited · ASX:CAA

Capral — H1 2025 Earnings Presentation

26 slides from Capral's earnings presentation, Aug 21, 2025

  1. Slide 1: Half Year Results Presentation and Earnings Guidance

    Half Year Results Presentation and Earnings Guidance 21 August 2025 Capral Limited (ASX:CAA) 15 Huntingwood Drive, Huntingwood NSW 2148 Approved and authorised by Capral’s Board of Directors

  2. Slide 2: Agenda

    Agenda 1 Business Overview 2 1H25 Highlights 3 1H25 Financials 4 Strategy 5 Outlook & Guidance 2

  3. Slide 3: Our business at a glance

    Our business at a glance Australia’s leading supplier of aluminium extrusion and rolled products. Manufacturer and Distributor of #1 Aluminium Extrusion Distributor of #1 Aluminium Sheet and Plate Supplier of #1 Aluminium Value Add Services 3

  4. Slide 4: Our business at a glance

    Our business at a glance 6 Plants Key Markets 8 Extrusion Presses • Residential and Commercial 65,000t Annual extrusion capacity Building • Industrial (Transport, Marine, Infrastructure, Solar, Metal Fabrication) 8 Distribution Centres ~27% 14 Trade Centres Market Share ~$460 million 1000+ ~$665 mil

  5. Slide 5: Half Year Highlights

    Half Year Highlights “Earnings in line with expectation: • Lower volume, however higher metal (LME) price lifted sales revenue above prior period • Industrial demand has softened • Residential demand soft but steady, expected recovery in second half • Margins holding up well due to effective cost ma

  6. Slide 6: 1H25 Performance Highlights

    1H25 Performance Highlights Half year results in line with expectation Volume Revenue Underlying Underlying EBITDA1 EBITDA1,2 EBIT2 31,100 tonne $327m $27.7m $16.1m $26.8m 33,500 tonne 1H24 $313m 1H24 $28.7m 1H24 $16.9m 1H24 $29.2m 1H24 7% 4% 3% 5% 8% NPAT³ EPS³ Net Cash Capital Safety $15.3m $0.89

  7. Slide 7: Sales Volume, Channels and Mix

    Sales Volume, Channels and Mix Industry diversification supports volume during cyclical downturns Volume 7% down on 1H24, ahead of expected housing recovery starting H2 2025 Sales seasonality - stronger second half anticipated in 2025 • Residential remains soft but approvals and commencements are li

  8. Slide 8: Residential sector remains soft but improving

    Residential sector remains soft but improving Expecting recovery in second half 2025 2025 Annual Dwelling Commencements¹ (000’s) Latest forecast¹ 181,000 starts Detached Housing Multi-Res Low Rise Multi-Res High Rise 250 • Total forecast commencements up 8% on 2024 • Residential starts impacted by:

  9. Slide 9: Recent Capral Projects: Residential

    Recent Capral Projects Residential Howley Street, NSW Cooranbong, NSW Avalon House, NSW Fabricator: Master Windows Fabricator: Fin Windows + Doors Fabricator: PCW Commercial Windows Builder: Miso Building Builder: Candor Homes Builder: Laxale Products Used: Capral AGS Products Used: Capral Urban Fra

  10. Slide 10: Recent Capral Projects: Commercial

    Recent Capral Projects Commercial ARUP Brisbane, QLD Bunbury Hands Oval, WA Nippon Express - The Yards, NSW Fabricator: MHC Carpentry Fabricator: LGA (WA) Glazing Tiling Fabricator: ADS Glass and Products Used: Capral AGS Aluminium Products Used: Capral AGS Framing System Framing System Products Use

  11. Slide 11: Industrial sector has softened

    Industrial sector has softened Transport, infrastructure, manufacturing slowing - marine and cladding remain solid Transport Marine Solar Industrial Construction Manufacturing and Resellers • Sector has softened • Commercial ferry builds, • Imports impacting • Infrastructure investment General Fabri

  12. Slide 12: Recent Capral Projects: Industrial

    Recent Capral Projects Industrial Western Sydney Westlab Volgren International Laboratory and Industrial Bus Builder Ceiling battens and structural Workspace solutions Dandenong South, VIC spine for new International Airport Mitchell Park, VIC Terminal Badgerys Creek, NSW 12

  13. Slide 13: Bottom of cycle earnings performance remains solid

    “Bottom of cycle earnings performance remains solid despite 7% lower volume and inflationary pressures.” TERTIUS CAMPBELL CFO 13

  14. Slide 14: Metal cost has been volatile in 2025

    Metal cost has been volatile in 2025 Aluminium Price $A 1. Regional premiums lifted in 1H25, but (LME & Premiums) have fallen in 3Q25 2. The international LME price is volatile and 5.00 impacted by global supply factors and geopolitical trade issues Average LME increased by 13% on FY24 4.00 to $A3,8

  15. Slide 15: Earnings in line with expectation

    Earnings in line with expectation Remaining solid during cyclical downturn 1. Volume 7% lower than 1H24 1H25 1H24 2. Sales Revenue 4% up on 1H24, reflecting higher metal cost and improved mix and selling prices Sales Volume (‘000 tonnes) 1 31.1 33.5 3. Underlying EBITDA 3% below 1H24, primarily due

  16. Slide 16: Strong balance sheet

    Strong balance sheet Underpinning capital management initiatives Jun 25 Dec 24 1. Inventory increased due to higher average metal prices (LME) Current Assets $m $m 2. Receivables metrics remain excellent with DSO at 44 days Inventory 1 159.4 155.4 (Dec24: 44 days) Trade Receivables 2 101.1 91.8 3. F

  17. Slide 17: Cash used for increased distributions and working capital demands

    Cash used for increased distributions and working capital demands Cash Flow 1H25 1H24 Continued strong focus on cash management. $m $m 1. Working capital increased due to metal cost EBITDA1 27.7 28.7 1 2. Capex in line with plan Working Capital (16.9) 5.9 Finance Cost (3.0) (2.6) 3. Distributions in

  18. Slide 18: Disciplined capital management

    Disciplined capital management Driving solid returns for shareholders 1. Distributions • Capral aims to distribute 40-80% of underlying earnings per share • Total distribution of 27 cps or 35.0% in 1H25 (1H24: 18 cps or 22.0%) through share buy-back Share Buyback H1¹ Share Buyback H2¹ Final Dividend

  19. Slide 19: Strategy and Outlook

    Strategy and Outlook “We continue to focus on increasing return on invested capital, improving our competitive position, and growing our presence in aluminium distribution.” TONY DRAGICEVICH CEO & MANAGING DIRECTOR 19

  20. Slide 20: Clearly Defined Strategy

    Clearly Defined Strategy Build, Optimise and Grow GROW for the future • Leverage our capabilities into new OPTIMISE what we do opportunities • Continually improve key customer • Develop new products and channels service metrics to market BUILD on our strengths • Drive lean manufacturing to deliver •

  21. Slide 21: Improve productivity, grow in new markets and enhance our value to customers

    Improve productivity, grow in new markets and enhance our value to customers Manufacturing Distribution Sales and Marketing • Continue process improvement • Capral’s new window and door range and • Ongoing technology investment including; programmes systems software released customer interfaces (EDI

  22. Slide 22: Imports and anti-dumping

    Imports and anti-dumping GLOBAL CONTEXT CHINA MALAYSIA OTHER • USA tariffs have no direct impact • Current measures expire October • Current measures expire June • Measures in place against 2025 2026 Vietnam until June 2027 • Resulting changes in trade flows are a real risk • Continuation applicatio

  23. Slide 23: ESG Framework

    ESG Framework On a path to a more sustainable future 2025 Highlights Three Pillars of Sustainability • Capral enhanced its IMS software to improve alignment with evolving sustainability reporting requirements Environment Social Governance • Learning opportunities have been expanded to create a learn

  24. Slide 24: Outlook and Guidance

    Outlook and Guidance • FY25 EBITDA3, based on a forecast improvement in market conditions and absent unforeseen events, is expected to be broadly in line with prior year • Industrial and Commercial markets have softened • Residential building commencements are forecast¹ to start recovering in second

  25. Slide 25: Questions & Appendix

    Questions & Appendix Thank you for your time

  26. Slide 26: Strategic National Footprint

    Strategic National Footprint Industry diversification supports volume during housing downturn Capral has a national footprint with a presence in every state 24 Darwin and Extrusion plants near five mainland capital cities Cairns 1 5. Bremer Park Manufacturing Plant • Capacity 23k tonnes Townsville 2

Capral — H1 2025 Earnings Presentation on 6ix