Slide 1: Investor Presentation
For personal use only Investor Presentation September 24, 2025
Slide 2: SLS Executive Leadership Team
For personal use only SLS Executive Leadership Team Ingrid Sinclair Global President Sean Magann Lynn Jacobs Chris Fox Marie Burke Chief Chief Financial Chief Operating Global VP Human Commercial Officer Officer Resources Officer 2
Slide 3: AI is Everywhere
For personal use only AI is Everywhere Entertainment Shopping At Work At Home Transportation 3
Slide 4: Data Center Growth
For personal use only Data Center Growth
Slide 5: During a gold rush, sell shovels
For personal use only “….he [Powell] returned to Melbourne a little before the Australian gold fields were discovered. Everybody that could rushed off to the diggings…. Powell had the good sense to stop at his store and sell shovels and pickaxes at a premium, and so he suddenly grew rich.” From Stud
Slide 6: Revenue Lags Investment by ~4 Years
Revenue Lags Investment by ~4 Years use only 800 450 700 400 350 600 300 500 For personal Millions AUD 250 Billions USD 400 200 300 150 200 100 100 50 4-Year refresh cycle 4-Year refresh cycle 4-Year refresh cycle (Cycle 1) (Cycle 2) (Cycle 3) 0 0 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Da
Slide 7: Competitive Landscape
For personal use only Competitive Landscape ~ 95% < 5% 1 Competitors are Competitors at Sims Lifecycle Services independently owned, comparable scale is the only strategically local proprietors positioned to continue to capture the aggressive growth 7
Slide 8: Why SLS?
For personal use only Why SLS? Strategic Innovation & Scalable Partnership & Full-Service Integration Capacity Market Position Provider
Slide 9: Proven Track Record
Proven Track Record Industry leading redeployment program For personal use only Redeployment Site 1,000,000 Proposal Opening DIMM Processed June November November 2021 2021 2022 9
Slide 10: Markets SLS Serves
For personal use only Markets SLS Serves Data Centers Global OEMs Enterprises 10
Slide 11: How SLS Serves Hyperscalers
How SLS For personal use only Field Services Serves Uninterruptable Secure Onsite Data Destruction Hyperscalers Power Supplies (UPS) Generators & Empty Racks Battery Back Up (BBU) Deployment Recycling Data Center Compute Hardware Hardware decommissioning & redeployment Eradication Room On-Premise Da
Slide 12: Integrated Provider
For personal use only Integrated Provider Data SLS Hyperscaler Custom integration, employees employees programs APIs and permanently permanently including reporting on-site at on-site at SLS forward supply hyperscaler facility chain integration
Slide 13: Size Doesn't Matter
For personal use only Size Doesn’t Matter = Three DIMMs One tonne recycled ferrous $US350 $US350 (Retail) 13
Slide 14: Financials
For personal use only Financials 14
Slide 15: Key Profit Drivers
For personal use only Key Profit Drivers Strong Profitability Growth: (A$m) FY23 FY24 FY25 • Underlying EBIT increased 78% to A$32m in FY25 vs Sales Revenue 325 350 427 FY24, outpacing revenue growth, driven by operating leverage from higher volumes and effective cost control. Cost of Sales -148 -15
Slide 16: How SLS Generates Revenue
For personal use only How SLS Generates Revenue Resale (Revenue Share) Laptops & Full Racks Networking Phones & Individual Hardware Desktops & Servers Equipment Tablets Components Decommission Service Fees (per unit) Redeploy Data Remanufacture Decommission Destruction Commodity 79 26 29 Recovery Au
Slide 17: Revenue
Revenue Growth driven by hyperscaler momentum and diversified revenue For personal use only FY25 Revenue by Segment (A$m) FY23 FY24 FY25 Resale 3% 22% Sales Revenue 325 350 427 Service Cost of Sales -148 -151 -186 45% 427 Commodity Trading Margin 177 199 241 Recovery Operating Costs -156 -154 -179 O
Slide 18: Strong Revenue Growth
Strong Revenue Growth For personal use only Led by hyperscaler demand 40.7% CAGR Hyperscaler 50 52 49 112 FY25 101 FY24 200 FY23 $427 $350 $325 177 175 185 Hyperscaler Enterprise Other OEM 18
Slide 19: Profitable Growth with Strong Cash Conversion
Profitable Growth with Strong Cash Conversion Consistent revenue growth, earnings quality, and disciplined capital deployment For personal use only 450 60 50 400 50 40 350 300 40 30 250 (AUD M) (AUD M) 30 200 20 150 20 10 100 10 50 0 0 0 FY2023 FY2024 FY2025 Underlying EBITDA Operating Cash Flow FY2
Slide 20: Scale and Growth
For personal use only Scale and Growth Capital light Automation Geographic growth 20
Slide 21: Key Messages
For personal use only Key Messages 1. Structural tailwinds from AI, Cloud and data center expansion. 2. Uniquely positioned to serve hyperscalers worldwide through our global reach. 3. Diversified revenue mix across resale, service, and commodity recovery. 4. Profitable, accelerated growth and earni
Slide 22: Questions & Answers
For personal use only Questions & Answers 22