Mader Group Ltd · ASX:MAD
Mader — H1 FY2026 Earnings Presentation
29 slides from Mader's earnings presentation, Feb 24, 2026
Slide 1: 1H FY26 Financial Results
For personal use only 1H FY26 FINANCIAL RESULTS MADER GROUP LIMITED | 24 FEBRUARY 2026
Slide 2: Who We Are
HEAVY MOBILE WHO WE ARE EQUIPMENT FIXED POWER GENERATION & MARINE TRANSPORT ENERGY SECTOR INFRASTRUCTURE & LOGISTICS For personal use only GLOBAL WORKFORCE SERVICE VEHICLES WIDE NETWORK SUPPORTED OPERATED IN 4,100 + 1,900 + 685+ LOCATIONS 490+ 10 COUNTRIES SKILLED E MPLOYEES WORLDWIDE CUSTOMERS 1
Slide 3: Organic growth and 10 year revenue CAGR
ORGANIC GROWTH ENTERED NEW ZEALAND 10 YEAR CAGR CELEBRATING 20 YEARS OF OPERATIONS For personal use only EXCEEDED 4,000+ EMPLOYEES ~30% REVENUE GROWTH RE -ENTERED AFRICA REACHED 3,200+ EMPLOYEES EXPANDED INDUSTRY VERTICALS FORECAST 2H FY26 $900 FOCUS ON STRATEGIC DIVERSIFICATION TRADE UP PROGRAM INT
Slide 4: Specialised Workforce
SPECIALISED WORKFORCE WE LEAD THE MARKET IN DELIVERING SAFE AND HIGH - QUALITY EXPERTISE. OUR PURSUIT OF QUALITY IS BACKED BY BREAKDOWN OF TEAM: YEARS OF INVESTMENT IN OUR PEOPLE AND CULTURE. For personal use only 7% HEAVY DUTY DIESEL MECHANICS AWARD RECOGNITION 27% 6% AUTO & HV ELECTRICIANS 5% WA B
Slide 5: Executive Overview
For personal use only EXECUTIVE OVERVIEW JUSTIN NUICH | EXECUTIVE DIRECTOR & CEO
Slide 6: 1H FY26 Highlights
1H FY26 HIGHLIGHTS For personal use only RECORD SOLID BALANCE SHEET NET HEADCOUNT REVENUE MARGINS STRENGTHENED GROWTH $485.2M UP 18% NPAT OF $30.5M AT 6.3%, UP NET DEBT AT 3.6M, DOWN 57% INCREASED 250+ FROM $411.5M PCP 17% VS PCP OF $26.0M AT 6.3% FROM $8.3M PCP GLOBALLY CUSTOMER DEMAND NORTH AMERIC
Slide 7: 1H FY26 Segment Highlights
1H FY26 SEGMENT HIGHLIGHTS For personal use only AUSTRALIA NORTH AMERICA REST OF WORLD REVENUE REVENUE REVENUE 19% GROWTH VS PCP 13% GROWTH VS PCP 36% GROWTH VS PCP ANCILLARY INFRASTRUCTURE CUSTOMER ACQUISITION GLOBAL MOBILITY COUNTRIES GLOBAL MOBILITY 31% REVENUE 56% REVENUE 100+ ~70 7 25+ GROWTH V
Slide 8: Financial Review
For personal use only FINANCIAL REVIEW PAUL HEGARTY | CFO
Slide 9: Financial Performance
FINANCIAL PERFORMANCE For personal use only A$’000 1H FY25 1H FY26 HIGHLIGHTS REVENUE 411,497 485,199 EBITDA 51,460 56,178 GROUP REVENUE GROWTH NORTH AMERICA (CONSOLIDATED) REVENUE CONTRIBUTION EBITDA MARGIN 12.5% 11.6% 18% VS PCP 19% OF GROUP REVENUE EBIT 39,345 44,136 EBIT MARGIN 9.5% 9.1% IMPROVE
Slide 10: Financial Position
FINANCIAL POSITION For personal use only A$’000 JUN 25 DEC 25 HIGHLIGHTS CASH & CASH EQUIVALENTS 24,263 17,167 SIMPLE BALANCE SHEET CASH COLLECTION IMPROVED TRADE & OTHER RECEIVABLES 165,006 161,189 PROPERTY, PLANT & EQUIPMENT 129,204 133,319 1,900+ SERVICE VEHICLES LOCATED 17% DSO REDUCED TO 50 DAY
Slide 11: Cash Flow
CASH FLOW For personal use only ACCELERATED D EBT REPAYMENTS DURING 1H OF $4.7M AS PART OF LEVERAGE REDUCTION PROGRAM GROWTH CAPITAL EXPENDITURE WAS ATTRIBUTED TO HIGHLIGHTS 54.8 THE CONTINUED EXPASION OF MADER’S GLOBAL (0.9) SERVICE FLEET TO SUPPORT THE GROWTH OF THE SOLID OPERATING CASH FLOWS BUSI
Slide 12: Building to the First Billion
For personal use only BUILDING TO THE FIRST BILLION MADER GROUP LIMITED
Slide 13: Strategic Plan
“Over the past five years, the team has not only achieved but exceeded STRATEGIC PLAN targets. The culture, dedication and commitment the entire team has shown to ensure we deliver value to our customers and results for our shareholders is what drives Mader as a business.” Justin Nuich For personal
Slide 14: The Building Blocks: Culture, Resources & Infrastructure
THE BUILDING BLOCKS For personal use only CULTURE RESOURCES & INFRASTRUCTURE EMPLOYEES ON MINERALS MAINTENANCE 160+ OVERSEAS AUSTRALIA PROCESSING INFRASTRUCTURE GLOBAL PATHWAYS CRUSHERS, SCREENS, ADVENTURES 2.3B ROM CONVEYORS, STACKERS SITES ENGAGED IN 1H FY26: 450+ EXPERIENCES TOTAL MINES & PROJECT
Slide 15: The Building Blocks: Energy, Transport & Emerging Markets
THE BUILDING BLOCKS For personal use only ENERGY MARKET TRANSPORT & EMERGING MARKETS NATURAL GAS COMPRESSION IS ESSENTIAL TO THE PRODUCTION AND TRANSPORTATION OF LOGISTICS EXPLORING THE BUSINESS MODEL’S VIABILITY IN NEW LARGE NATURAL GAS. ADDRESSABLE MARKETS TONNE KILOMETRES OF FREIGHT MOVED 253B BY
Slide 16: An Evolving Business
AN EVOLVING BUSINESS For personal use only A PROVEN TRACK RECORD OF ORGANICALLY REPLICATING OUR UNIQUE BUSINESS MODEL ACROSS MULTIPLE INDUSTRY VERTICALS. ROAD TRANSPORT FIXED PLANT & RAIL TECHNICIANS INFRASTRUCTURE TECHNICIANS TECHNICIANS AUTO & HIGH VOLTAGE GAS COMPRESSION FABRICATORS & ELECTRICIAN
Slide 17: Multiple Beachheads to Target Growth
MULTIPLE BEACHHEADS TO TARGET GROWTH For personal use only 2% REVENUE AUSTRALIA 380+ Customers 3,48 0+ Employees 19% REVENUE NORTH AMERICA 100+ Customers 580+ Employees REST OF WORLD 12 Customers 65+ Emp loyees 79% REVENUE *Figures have been rounded. 16
Slide 18: On Its Way: $1 Billion+ Targeted Annual Revenue
ON IT’S WAY For personal use only EMERGING ANCILLARY POWER GEN INFRASTRUCTURE RESOURCES RAIL TRANSPORT ENERGY MARKETS SERVICES & MARINE MAINTENANCE & LOGISTICS $1BILLION+ TARGETED ANNUAL REVENUE* *Targeted Annual Revenue of $1b+ is an internal stretch target linked to the Company’s five - year strat
Slide 19: Outlook
For personal use only OUTLOOK JUSTIN NUICH | EXECUTIVE DIRECTOR & CEO
Slide 20: Strategic Plan Progress
STRATEGIC PLAN PROGRESS “After setting an ambitious target, Mader is on track to deliver the billion- dollar revenue target set out in the five - year strategic plan. This is a major milestone for the business as it continues to grow and diversify .” Justin Nuich For personal use only Executive Dire
Slide 21: High Growth Agenda
HIGH GROWTH AGENDA REVENUE GUIDANCE FOR FY26 IS EXPECTED TO BE AT LEAST $1B, DELIVERING AN NPAT OF AT LEAST $65M For personal use only 10 YEAR CAGR $1,200 $70 TARGETED $1,000 ~30% REVENUE GROWTH $1B $60 PATHWAY TO GROWTH IN $870M NET CASH NORTH AMERICA $50 TARGETING NET CASH A SIGNIFICANT PILLAR IN
Slide 22: Investment Case
INVESTMENT CASE $10.00 SHARE PRICE $9.00 MARKET CAP SHARES SHARE PRICE $8.00 For personal use only $1.80B^ 203M* $8.83^ $7.00 $6.00 $5.00 ^ As at market close on 23 February 2026. * Capital Structure excludes 7.97m FY26 Performance Rights. PROVEN DISRUPTIVE UNIQUE SUSTAINABLE TRACK BUSINESS WORKPLAC
Slide 23: Appendices
For personal use only APPENDICES MADER GROUP LIMITED
Slide 24: Board of Directors
BOARD OF DIRECTORS For personal use only LUKE MADER JUSTIN NUICH PATRICK CONWAY CRAIG BURTON Founder & Executive Director & Executive Director & Non- Executive Executive Chair Chief Executive Officer Director of Emerging Director Businesses Founder of Mader, Luke is Justin has over 20 years’ Formerl
Slide 25: Our Services
OUR SERVICES OUR SELECTION OF SPECIALIST SERVICES ARE DESIGNED TO HELP CUSTOMERS MAKE LIGHT WORK For personal use only OF HEAVY EQUIPMENT MAINTENANCE. METHOD OF CUSTOMER ENGAGEMENT CORE MECHANICAL SERVICES MOBILE PLANT MAINTENANCE TYPICALLY MULTI -YEAR RAPID RESPONSE TEAMS MASTER RECURRING WORK EXCA
Slide 26: Future Planning
FUTURE PLANNING OUR TRADE UPGRADE PROGRAM AIMS TO BRIDGE THE SKILLS 135+ GAP. THROUGH THIS INITIATIVE, WE WORK CLOSELY WITH OUR ACTIVE For personal use only INDUSTRY PARTNERS TO FEED QUALITY TRADESPEOPLE INTO IN 1H FY25 MINING ACROSS WESTERN AUSTRALIA, QUEENSLAND, NEW SOUTH WALES AND CANADA. WE ARE
Slide 27: Tools for Life
TOOLS FOR LIFE TOOLS FOR LIFE AIMS TO EQUIP INDIVIDUALS AND COMMUNITIES WITH THE TOOLS THEY NEED TO BUILD A BETTER FUTURE AND SUCCEED IN LIFE. For personal use only WITH A FOCUS ON YOUTH, EDUCATION AND SUPPORT , WE ARE PROUD TO BE ENCOURAGING THE FUTURE GENERATION TO IDENTIFY AVAILABLE PATHWAYS AND
Slide 28: Glossary
GLOSSARY CAGR COMPOUNDING ANNUAL GROWTH RATE For personal use only TRIFR TOTAL RECORDABLE INJURY FREQUENCY RATE PER ONE MILLION HOURS WORKED HV ELECTRICIAN HIGH VOLTAGE ELECTRICIAN LV MECHANIC LIGHT VEHICLE MECHANIC RTM MECHANIC ROAD TRANSPORT MAINTENANCE MECHANIC PCP THE PRIOR CORRESPONDING PERIOD,
Slide 29: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER For personal use only In this presentation, the terms “Mader”, “Mader Group”and the “Company” refer to Mader Group Limited (ACN 159 340 397) and, except where the context otherwise requires, its subsidiaries. This prese nta tion has been prepared solely for the purpose