Mayfield Group Holdings Limited · ASX:MYG
Mayfield — Merger or Acquisition (February 2026)
9 slides from Mayfield's merger presentation, Feb 25, 2026
Slide 1: Mayfield Group to acquire SMEC Power & Technology
Mayfield Group to acquire SMEC Power & Technology Acquisition strengthens mining focus February 2026 1
Slide 2: Acquisition of SMEC Power & Technology at a Glance
Acquisition of SMEC Power & Technology at a Glance Element Detail Target SMEC Power & Technology (Southern Mining Electrical Contractors) Transaction type Asset sale, acquiring all business assets and undertakings as a going concern Enterprise value $30million, to be paid with 70% cash and 30% scrip
Slide 3: Strategic Acquisition: SMEC Power & Technology
Strategic Acquisition: SMEC Power & Technology Underground Mining Entry Structural growth driven by gold & critical minerals. Surface deposits depleting; underground demand rising. Leading Australian designer, manufacturer and installer of specialised underground mining electrical infrastructure, st
Slide 4: Strategic Rationale for the Acquisition of SMEC
Strategic Rationale for the Acquisition of SMEC New sector: Underground Complementary to MYG's International export Electrification of mining mining integrated model markets • SMEC opens a sector • SMEC supplies • SMEC's specialist • SMEC's equipment is MYG has not previously electrical componentry
Slide 5: Complete Lifecycle Solutions: Now Includes Mining
Complete Lifecycle Solutions: Now Includes Mining Design → Install → Service & Maintain → Modernise → Replace 5
Slide 6: Balance Sheet Remains Strong Post-Acquisition
Balance Sheet Remains Strong Post-Acquisition Acquisition / Balance Sheet ($m’s) 31-Dec-2025 Pro Forma Property Cash at bank $49.2 ($21.0) $28.2 Debt - $8.4 $8.4 • Pro-forma cash of $28.2m post-acquisition demonstrates continued balance sheet strength. • MYG balance sheet strength enables selective
Slide 7: Second Strategic Acquisition in Twelve Months
Second Strategic Acquisition in Twelve Months BE Switchcraft (August 2025) SMEC (February 2026) Sector Commercial electrical solutions Underground mining electrical infrastructure Expanded addressable market into commercial Opened new sector (underground mining) and Strategic logic buildings, educat
Slide 8: A Compelling, Value-Accretive Acquisition
A Compelling, Value-Accretive Acquisition • New sector: Underground mining, a structurally growing market driven by critical minerals demand and the electrification of mining operations • Electrification alignment: SMEC powers the mines that produce the minerals that drive the electrification that c
Slide 9: ASX:MYG | mayfieldgroup.com.au
ASX:MYG | mayfieldgroup.com.au 9
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