Tasmea Limited · ASX:TEA
Tasmea — Merger or Acquisition (November 2025)
16 slides from Tasmea's merger presentation, Nov 19, 2025
Slide 1: Acquisition of WorkPac Group
ACQUISITION OF WORKPAC GROUP Acquisition Presentation NOVEMBER 2025
Slide 2: Transaction overview
Transaction overview Strategic acquisition of WorkPac Group – fueling Tasmea’s organic growth strategy in a rising resources & infrastructure investment environment in Australia and delivering labour certainty for customers of Tasmea’s specialist services subsidiaries ✓ Tasmea to acquire 100% of the
Slide 3: Market Outlook – The Skilled Labour Challenge
Market Outlook – The Skilled Labour Challenge WA: half of QLD: The Big Build $107bn Australia’s total WA: Asset Investment investment program to QLD: ranks globally Program projected to 2027–28 in health, exports, top 10 in key mineral 2027-28 $107B transport, education, globally in housing & energy
Slide 4: Australia has Persistent shortages of skilled labour
Australia has Persistent shortages of skilled labour Australian Industry Group chief executive, Innes Willox said “the Key occupations are facing persistent labour shortages transition to green energy, technological change and Industrial Worker Occupations Shortage (%), Australia, 2021-24 demographi
Slide 5: Tasmea subsidiaries with new Workforce Solutions segment
Tasmea subsidiaries with new Workforce Solutions segment Tasmea’s new Workforce Solutions segment will be used as a labour engine, supporting growth of our four operating segments (Electrical, Mechanical, Civil, Water & Fluid) including our portfolio of 25 specialised trade skills businesses WORKFOR
Slide 6: Strategic rationale
Strategic rationale ✓ WorkPac positions Tasmea with the capability to support our clients' needs for skilled labour, enhancing our competitive offering & capability under our existing >70 MSA’s, with >15 material MSA's added to our portfolio from the WorkPac acquisition ✓ Sourcing staff at speed & s
Slide 7: Pro forma FY26 forecast financials
Pro forma FY26 forecast financials Pro forma FY26 EBIT $m Pro forma FY26 EBIT Margin % Pro forma FY26 NPAT $m Pro forma FY26 EPS cps 128 ~15% ~16% 78 30.0 70 27.4 110 TEA Pro forma TEA Pro forma TEA Pro forma TEA Pro forma Gearing (Net debt / Pro forma EBITDA) Pro forma FY26 EBIT share % Pro forma F
Slide 8: Geographic footprint expanded nation-wide
Geographic footprint expanded nation-wide ✓ WorkPac has key locations DARWIN WEIPA strategically positioned to MCARTHER RIVER capitalise on major investment CAIRNS programs primarily in resources TOWNSVILLE and infrastructure MT ISA BOWEN KARRATHA MACKAY TOM PRICE MORANBAH BLACKWATER ✓ Tasmea expect
Slide 9: Supporting our clients’ skilled labour needs
Supporting our clients’ skilled labour needs ✓ Tasmea’s specialist trade services portfolio of companies, combined with WorkPac’s recruitment engine which places 15,000+ workers annually, means Tasmea subsidiaries can deliver greater volumes of specialist skilled labour needs at speed & scale for ou
Slide 10: About WorkPac
About WorkPac WorkPac’s recruitment engine places 15,000+ workers annually, with >6,000 FTM workers – WorkPac is a key enabler – supporting Tasmea’s organic growth aspirations across its Electrical, Mechanical, Civil and Water & Fluid segments ✓ Australia’s largest privately owned workforce solution
Slide 11: About WorkPac
About WorkPac No. of FTMs by industry FTMs by state 3% 4% 3% 1% 4% ✓ Geographic reach Australia-wide 19% 13% ✓ Expansion of Tasmea into strategic growth 6% markets including QLD and NSW with strong 38% 54% tailwinds in resources and infrastructure investment 55% ✓ Core market alignment with ~80% blu
Slide 12: High repeat revenue customer base
High repeat revenue customer base WorkPac brings >15 material MSA’s with major clients, increasing Tasmea’s portfolio of MSA’s to >85 ✓ Diversified & large customer base includes large public & private companies primarily in the resources, industrials, infrastructure and defence industries ✓ Of Work
Slide 13: Strong macro drivers underpinning growth
Strong macro drivers underpinning growth Macro Drivers WorkPac Tasmea ✓ Skilled labour ✓ Specialist trade skilled services across Electrical, Mining growth: Strong demand from ✓ Flexible workforce solutions ✓ FIFO/DIDO networks Mechanical, Civil and Water & Fluid segments design and manufacturing to
Slide 14: Synergies
Synergies We expect to realise synergies and improve Tasmea capability, supporting growth of Tasmea’s 4 key operating segments, Electrical, Mechanical, Civil and Water & Fluid ✓ Revenue synergies ✓ WorkPac’s recruitment capacity is expected to materially improve Scalable Operational Capability Highl
Slide 15: Summary of acquisition
Summary of acquisition ✓ Positions Tasmea with the capacity to support our clients' needs for ✓ EPS accretive at ~10% on a pro-forma FY26 basis pre-synergies skilled labour ✓ Enhance shareholder value reflecting strong financial performance ✓ Enhances our competitive offering & capability – projecte
Slide 16: Important notice
Important notice This document has been prepared by Tasmea Limited (ABN 22 088 588 425) (“Tasmea” or “the Company”). No other party other than Tasmea has authorised or caused the issue of this document, or takes responsibility for, or makes any statements, representations or undertakings in this doc