Alfabs Australia Ltd. · ASX:AAL
Alfabs Australia — Investor Day (June 2026)
39 slides from Alfabs Australia's investor day presentation, Jun 11, 2026
Slide 1: Investor Day – ASX Announcement and Acquisition Update
Alfabs Australia Limited – ASX Announcement 11 June 2026 Investor Day – 11 June 2026 For personal use only Alfabs Australia Limited (ASX: AAL) (Alfabs or the Company) is holding an Investor Day at the Company’s Kurri Kurri facility in the Hunter Valley, New South Wales, today. The Investor Day will
Slide 2: Contact and About Alfabs
For further information, please contact: Clayton Freeman (Company Secretary) (02) 4936 5000 About Alfabs For personal use only Alfabs (ASX: AAL) is a market-leading diversified group of companies that primarily operates across two divisions in Australia – Mining and Engineering. Proudly led by the f
Slide 3: Investor Update June 2026
ALFABS A U S T R A L I A For personal use only Investor Update June 2026 Alfabs Australia Limited 11 June 2026
Slide 4: Important Notice and Disclaimer
A L F A B S AUSTRALIA Important Notice and Disclaimer For personal use only This presentation, any information contained within it and any information supplied in connection with the presentation (the Presentation) has been prepared by Alfabs Australia Limited ACN 674 455 442 (Alfabs or Company) and
Slide 5: Important Notice and Disclaimer (continued)
A L F A B S AUSTRALIA Important Notice and Disclaimer (continued) For personal use only Financial Information The financial information contained in this Presentation is unaudited unless otherwise stated. Recipients are cautioned therefore to not place any reliance on the financial information. Forw
Slide 6: Welcome & Introduction
For personal use only 01 Welcome & Introduction Matt Torrance | Managing Director & CEO A L F A B S AUSTRALIA
Slide 7: Safety Share
A L F A B S AUSTRALIA SAFETY SHARE For personal use only Everyone home safe. Every shift. Before the numbers, a moment on what matters most. Mining and heavy fabrication are unforgiving environments, and the people working in them are the reason this business exists. OUR PEOPLE OUR PERFORMANCE OUR C
Slide 8: Supporting the Local Community
A L F A B S AUSTRALIA Supporting the Local Community Two community partnerships — backing the next generation and rescue services the region relies on. For personal use only C L O N TA R F F O U N D AT I O N W E S T PA C R E S C U E H E L I C O P T E R 12,500 1,100 25 $656k Students in program Year
Slide 9: Agenda
A L F A B S AUSTRALIA Agenda For personal use only 01 Alfabs Introduction 04 Capital Management Strategy Company Overview, History & Leadership Team Free Cash Flow (FCF) | Capital Allocation Framework | Shareholder Returns 02 Strategic Update 05 Market Thematics Growth Opportunities and Strategic Ev
Slide 10: Alfabs History
A L F A B S AUSTRALIA Alfabs History 40+ years of Hunter Valley heritage — four decades under Torrance family stewardship. For personal use only 1950s 1986 2000s 2007–15 2020–23 2024 Founded Torrance Family Acquires Mining Equipment Vertical Integration Scale & Diversification ASX Listing Establishe
Slide 11: Key Messages
A L F A B S AUSTRALIA Key Messages What we want investors to take away today. For personal use only • The underlying business fundamentals remain strong. • Focused on delivering 2x - 3x improvement in Free Cash Flow (FCF). • Maximum shareholder value will be created through reinvestment in the busin
Slide 12: Mining Services
Mining Services A L F A B S AUSTRALIA Equipment hire for underground coal mining · ~50% of revenue For personal use only WHAT WE DO MINING SERVICES — UNDERGROUND COAL EQUIPMENT HIRE Primary • Equipment hire for underground coal mining • Long-term site relationships with major producers • Strong recu
Slide 13: Mining Services
Mining Services AL FAB S AUSTRALIA Equipment hire for underground coal mining · ~50% of revenue For personal use only W H AT W E D O Mining Services — Underground Coal Equipment Hire Primary Workshop Value Creation • Equipment hire for underground coal mining Acquired shells overhauled into reliable
Slide 14: Engineering and Fabrication
Engineering and Fabrication AL FAB S AUSTRALIA Heavy structural fabrication & infrastructure services For personal use only W H AT W E D O Workshops Primary • Heavy structural steel fabrication for rail, bridges & infrastructure • On-site installation & pre-assembly services • Capital light Protecti
Slide 15: Central Station Case Study
Engineering and Fabrication AL FAB S AUSTRALIA Central Station Case Study For personal use only Heavy structural steel fabrication & on-site installation · Central Station, Sydney Alfabs Australia Limited | Investor Update | June 2026
Slide 16: Asset Remediation and Logistics
Asset Remediation and Logistics AL FAB S AUSTRALIA Heavy structural fabrication & infrastructure services · ~50% of revenue For personal use only Asset Remediation Logistics Alfabs Australia Limited | Investor Update | June 2026
Slide 17: Leadership Team
A L F A B S AUSTRALIA Leadership Team Founder-led management team with deep operational and financial expertise. For personal use only EXECUTIVE LEADERSHIP Matthew Torrance Peter White Chief Executive Officer & Director Chief Financial Officer & Director 30+ years at Alfabs. Started as apprentice bo
Slide 18: Strategy: Growth Opportunities
A L F A B S AUSTRALIA Strategy: Growth Opportunities A broad suite of growth options are available. For personal use only Organic Growth Bolt-On Acquisitions Strategic M&A • Opportunistic equipment fleet expansion – Shell conversions (aligned to demand) • Targeted acquisitions of complementary servi
Slide 19: Shell Program
Shell Program A L F A B S AUSTRALIA Represents incremental growth option with attractive returns, when the market requires it. Utilises the strategic workshop assets. For personal use only Shell Program — cheaper rebuilds, better margins, workshop capability as the platform The Shell Program rebuild
Slide 20: Infrastructure Growth: Positioned, But Pipeline Yet to Materialise
A L F A B S AUSTRALIA Infrastructure Growth: Positioned, But Pipeline Yet to Materialise Near-term softness through FY27 | Recovery weighted to FY28 | Olympics credentials in place. For personal use only Infrastructure — Headwinds to Navigate Alfabs is navigating a near-term softening in the infrast
Slide 21: Workshop Resizing
A L F A B S AUSTRALIA Workshop Resizing Aligning capacity with expected demand to deliver ~$5m(pre-tax) of annual cash uplift. For personal use only Right-sizing the workshop footprint — ASX announcement, 10 April 2026 Following completion of the Malabar build-out, capacity has been realigned to cur
Slide 22: Kurri Kurri – Main Mining Premises
Kurri Kurri – Main Mining Premises A L F A B S AUSTRALIA Mining division property footprint. Existing facilities capable of 3x – 5x increase in workshop capacity. For personal use only ~$5m Pre-tax cash flow flo low u up uplift, plliift ft, FY FFY27 Y2 277 Alfabs Australia Limited | Investor Update
Slide 23: M&A Process
A L F A B S AUSTRALIA M&A Process Disciplined M&A process ensures we do not pursue a “growth for growth's sake” strategy. For personal use only The M&A funnel — from universe to shareholder value We assess many targets, but few will meet our investment criteria (strategic, risk, returns etc.), with
Slide 24: Capital Management Strategy
For personal use only 04 Capital Management Strategy Peter White | CFO A L F A B S AUSTRALIA
Slide 25: CFO Key Messages
A L F A B S AUSTRALIA CFO Key Messages Refocusing the financial story for the next phase of value creation. For personal use only Disciplined growth is the most value-accretive pathway for shareholders. Focusing on cash generation and capital allocation is how we will deliver it. 01 02 03 Managing t
Slide 26: Free Cash Flow (FCF)
A L F A B S AUSTRALIA Free Cash Flow (FCF) For personal use only Alfabs Free Cash Flow Definition EBITDA оInterest оIncome Tax оWorking Capital Operating FCF from cash flow statement less Maintenance capital Split out maintenance from growth capex e q u al s FCF Cash generated by the business after
Slide 27: Alfabs – EBITDA to FCF Conversion
A L F A B S AUSTRALIA Alfabs – EBITDA to FCF Conversion Focused on increasing FCF by 2x – 3x by 2028. The turnaround and the pathway forward have already begun. For personal use only FCF generation & EBITDA conversion &zϮϱďƌŝĚŐĞ͗/dїZĞƉŽƌƚĞĚ&& $m | blue = actual, grey = ambition $m | cash flow statem
Slide 28: Cash Improvement Plan
A L F A B S AUSTRALIA Cash Improvement Plan Pathway to improved FCF generation is designed and key levers already pulled. Focus remains on executing the plan. For personal use only REDUCED WORKSHOP CAPACITY FY ANNUALISED COST-OUT TARGET CASH IMPROVEMENT PLAN FY27 ~$5m ~$3m ~$8m whilst maintaining op
Slide 29: How Revenue Converts to Cash (FCF)
A L F A B S AUSTRALIA How Revenue Converts to Cash (FCF) Our economic model: from top-line to free cash flow. For personal use only Revenue Drivers Capital Structure • Mining: daily hire rates × equipment utilisation • Engineering: contract value × project completion % • Debt / Interest Cost Structu
Slide 30: What Actually Drives Earnings and Returns on Capital
A L F A B S AUSTRALIA What Actually Drives Earnings and Returns on Capital Key levers that drive earnings and returns on capital. For personal use only Mining 01 02 Engineering Primary: Equipment utilisation — currently >80%.¹ Primary: Fabrication capacity utilisation — ~60,000 hours installed2. Job
Slide 31: Capital Allocation Framework
A L F A B S AUSTRALIA Capital Allocation Framework Maximum shareholder value will be created through reinvestment in the business, the earnings growth it drives, and the re-rating that follows. For personal use only $ ї Investment օ$ 1 Growth Investment (Disciplined and within debt limits) Where hur
Slide 32: Capital Allocation: Investment Hurdle Rates
A L F A B S AUSTRALIA Capital Allocation: Investment Hurdle Rates Returns must meet disciplined hurdle rates and protect shareholder value. For personal use only Our Principle We will only deploy capital where returns meet or exceed our hurdle rates. Applicable for all discretionary capital. Project
Slide 33: Balance Sheet Restructure
A L F A B S AUSTRALIA Balance Sheet Restructure Phase 1 of refinancing nearing completion; focused on de-leveraging to unlock shareholder returns. For personal use only Net Debt Target Focu s Facility Restru ctu r e 1.5x–2x Flexibility 1H FY27 target completion for Phase Two Key Messages: • Net debt
Slide 34: Alfabs Investment Proposition
A L F A B S AUSTRALIA Alfabs Investment Proposition Six foundations underpinning long-term shareholder value and share price. For personal use only Foundations are in place to drive long-term FCF growth and shareholder returns Hire business is a highly cash-generative business with assets under cons
Slide 35: Pathway to Dividend Reinstatement
A L F A B S AUSTRALIA Pathway to Dividend Reinstatement Clear milestones and timeline. For personal use only Cash Buffer Established and Phase 1 Facility Restructure Nearing Completion ضON TRACK ض Minimum liquidity buffer in place to protect operations through restructuring period. Cost Savings
Slide 36: Market Thematics: Coal & Customer Footprint
For personal use only 05 Market Thematics Coal & Customer Footprint A L F A B S AUSTRALIA
Slide 37: Global Coal Consumption Remains Resilient
A L F A B S AUSTRALIA Market Thematics: Global Coal Consumption Remains Resilient Record highs in 2024–2025 | Plateau through 2030 — China, India & ASEAN driving structural resilience For personal use only 2024 Global Demand (record) 2025 Forecast (new record) Met Coal 2025 Consumption 8,805 Dƚјϭ͘ϱй
Slide 38: Customer Footprint Embedded in East Coast Underground Coal
A L F A B S AUSTRALIA Customer Footprint Embedded in East Coast Underground Coal Three workshops embedded in the NSW and QLD coal regions — serving the East Coast underground coal market. For personal use only THE CUSTOMER BASE 26 9 1 Mtpa+ underground underground + each — minimum mines surface mine
Slide 39: Thank you
A L F A B S A U S T R A L I A · I N V E S T O R U P D A T E · J U N E 2 0 2 6 Thank you. INVESTOR RELATIONS For personal use only Rebecca Culbertson Clayton Freeman alfabs.com.au EMAIL investorrelations@alfabs.com.au PHONE 02 4936 5000 Alfabs Australia Limited | Investor Update | June 2026