Vulcan Steel Ltd. · ASX:VSL
Vulcan Steel — Shareholder Meeting (October 2026)
33 slides from Vulcan Steel's shareholder meeting presentation, Oct 21, 2026
Slide 1: 2026 Annual meeting of shareholders – Presentations
Vulcan Steel Limited (ASX: VSL, NZX: VSL) ASX and NZX release For personal use only 21 October 2026 2026 Annual meeting of shareholders – Presentations Attached are the following documents in connection with Vulcan Steel Limited’s (Vulcan) 2026 annual meeting of shareholders (Annual Meeting) to be h
Slide 2: Future Forged – Annual Meeting of Shareholders
For personal use only Future ForgedANNUAL MEETING OF SHAREHOLDERS 21 OCTOBER 2026
Slide 3: Focus on long-term shareholder value
2 2 VULCAN ANNUAL MEETING OF SHAREHOLDERS / For personal use only Our focus on building lasting long term shareholder value, maintaining our culture, putting our customers and team first have helped Vulcan navigate through the challenging times in the past four years That same commitment is pushing
Slide 4: Voting and asking questions
3 VULCAN ANNUAL MEETING OF SHAREHOLDERS / Voting and asking questions For personal use only MUFG Corporate Markets helpdesk New Zealand – 0800 200 220 Australia – 1800 990 363
Slide 5: Vulcan's Board
4 VULCAN ANNUAL MEETING OF SHAREHOLDERS / Vulcan’s Board For personal use only Rhys Jones Russell Chenu Gavin Street Adrian Casey BOARD CHAIR LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER EXECUTIVE DIRECTOR AND CHIEF OPERATING OFFICER NON-EXECUTIVE DIRECTOR Ba
Slide 6: Agenda
5 VULCAN ANNUAL MEETING OF SHAREHOLDERS / For personal use only Agenda 01 02 03 04 05 06 Chair Management Resolutions General Address Address Q&A for approval Voting Business
Slide 7: Chair address
01 Chair SECTION For personal use only address Rhys Jones
Slide 8: FY26 total dividend of NZ 7.0 cents per share
7 VULCAN ANNUAL MEETING OF SHAREHOLDERS / CHAIR ADDRESS FY26 total dividend of NZ 7.0 cents per share For personal use only • Interim dividend of NZ 2.5 cents per share and final dividend of NZ 4.5 cents TOTAL DECLARED DIVIDEND PER SHARE per share. • Vulcan’s declared dividend for FY26 was NZ$10.3m.
Slide 9: Environment and sustainability update
8 VULCAN ANNUAL MEETING OF SHAREHOLDERS / CHAIR ADDRESS Vulcan’s environment and sustainability update For personal use only Environment 2026 EMISSIONS BREAKDOWN In FY26, our emissions intensity was 53.0 kg CO2e per tonne of product sold. Vulcan in FY26 had an 8% improvement on FY25. Even as our bus
Slide 10: Board succession
9 VULCAN ANNUAL MEETING OF SHAREHOLDERS / MANAGEMENT ADDRESS Board succession For personal use only
Slide 11: Management address
02 Management SECTION For personal use only address Gavin Street
Slide 12: Sound financial returns in FY26
11 VULCAN ANNUAL MEETING OF SHAREHOLDERS / MANAGEMENT ADDRESS Sound financial returns in FY26 For personal use only R E VE N U E N Z $ SA L ES VOLUM E A DJUSTE D E BI TDA 3 NZ $ ADJ USTE D NP AT NZ $ (EXCLUDING SIGNIFICANT ITEMS 4) (EXCLUDING SIGNIFICANT ITEMS 4) $1,159m 252,820t $130m $22m 2 1 +22%
Slide 13: Our people, principles and ethos
12 VULCAN ANNUAL MEETING OF SHAREHOLDERS / MANAGEMENT ADDRESS Our people, principles and ethos For personal use only Our principles • Provide an enjoyable workplace • Promote a safe working environment • Be financially prosperous • Remain ambitious • Balance the above Our ethos • Team first with res
Slide 14: Vulcan in the community
13 VULCAN ANNUAL MEETING OF SHAREHOLDERS / MANAGEMENT ADDRESS Vulcan in the community For personal use only Sponsoring mental health Supporting Auckland Rescue Partnership with Halberg Supporting Arts Centre initiatives through MATES Helicopter Trust Youth Council, New Zealand Melbourne in Construct
Slide 15: Priorities for FY27 and FY28
14 VULCAN ANNUAL MEETING OF SHAREHOLDERS / MANAGEMENT ADDRESS Priorities for FY27 and FY28 For personal use only Build on the momentum in 2H FY26 - accelerate growth through our product platforms and foundation. 1 Further drive 2 Capitalise on market 3 Continue to integrate, 4 Utilise bench strength
Slide 16: Trading in 1Q FY27
15 VULCAN ANNUAL MEETING OF SHAREHOLDERS / MANAGEMENT ADDRESS Trading in 1Q FY27 For personal use only • Revenue increased by 39% year-on-year (YoY) to NZ$353.7m in 1Q FY27, from NZ$254.0m in 1Q FY26, reflecting a combination of higher selling price and volume as well as contribution from Roofing In
Slide 17: Outlook
16 VULCAN ANNUAL MEETING OF SHAREHOLDERS / MANAGEMENT ADDRESS For personal use only Outlook We are cautiously optimistic about the year ahead as overall pace of recovery is uncertain. NEW ZEALAND AUSTRALIA TRADING UPDATE • The New Zealand economy is beginning to recover and • The Australian economy
Slide 18: Q&A
For personal use only SECTION 03 Q&A
Slide 19: Resolutions for approval
04 Resolutions SECTION For personal use only for approval
Slide 20: Auditor's remuneration
19 VULCAN ANNUAL MEETING OF SHAREHOLDERS / RESOLUTIONS FOR APPROVAL For personal use only RESOLUTION 1 Auditor’s remuneration • That the Board of Vulcan is authorised to fix the fees and expenses of Deloitte Limited (New Zealand), as Vulcan’s auditor, for the financial year ending 30 June 2027 (FY27
Slide 21: Re-election of Bart de Haan as a director
20 VULCAN ANNUAL MEETING OF SHAREHOLDERS / RESOLUTIONS FOR APPROVAL For personal use only RESOLUTION 2 Re-election of Bart de Haan as a director • That Bart de Haan, who retires and in accordance with the terms of Vulcan’s Constitution and is eligible for re-election, be re-elected as a director of
Slide 22: Re-election of Nicola Greer as a director
21 VULCAN ANNUAL MEETING OF SHAREHOLDERS / RESOLUTIONS FOR APPROVAL For personal use only RESOLUTION 3 Re-election of Nicola Greer as a director • That Nicola Greer, who retires and in accordance with the terms of Vulcan’s Constitution and is eligible for re-election, be re-elected as a director of
Slide 23: Performance share rights to Gavin Street
22 VULCAN ANNUAL MEETING OF SHAREHOLDERS / RESOLUTIONS FOR APPROVAL For personal use only RESOLUTION 4 Grant of performance share rights to Gavin Street as Vulcan’s MD and CEO • That, for the purposes of ASX Listing Rule 10.14 and for all other purposes, the issue of 443,340 performance share rights
Slide 24: Performance share rights to Adrian Casey
23 VULCAN ANNUAL MEETING OF SHAREHOLDERS / RESOLUTIONS FOR APPROVAL For personal use only RESOLUTION 5 Grant of performance share rights to Adrian Casey as Vulcan’s COO • That, for the purposes of ASX Listing Rule 10.14 and for all other purposes, the issue of 127,660 performance share rights to Vul
Slide 25: Voting
For personal use only SECTION 05 Voting
Slide 26: General business
06 General SECTION For personal use only business
Slide 27: Thank you for joining us
For personal use only Thank you for joining us. VULCAN.CO
Slide 28: Address from the Chair of the Board - Rhys Jones
Address from Vulcan Steel Limited‘s Chair of the Board - Rhys Jones Ladies and Gentlemen, fellow shareholders. For personal use only The Financial Year 2026 in review Vulcan delivered a resilient performance in FY26, despite continuing economic challenges. Cost-of-living pressures, weak business con
Slide 29: Chair address: board renewal and thanks
The search for new directors will focus on the skills and experience the Board will need as Vulcan grows, guided by our Board skills matrix set out in our Annual Report and our commitment to diversity. We expect to announce new appointments during 2027. Any new director will stand for election by sh
Slide 30: Address from the Managing Director and CEO - Gavin Street
Address from Vulcan Steel Limited‘s Managing Director and Chief Executive Officer - Gavin Street Thank you, Rhys, and thank you to everyone joining us for our 2026 Annual Shareholder For personal use only Meeting, both here in the room and online. This is my first annual shareholders meeting as Mana
Slide 31: Roofing Industries – First Year in the Group
Roofing Industries – First Year in the Group It is now a year since Roofing Industries joined the Vulcan Group on 1 October 2025. This was our first step into roofing and cladding, a new vertical for Vulcan. The business has been successfully integrated and has performed ahead of our expectations. I
Slide 32: Trading Update – First quarter of FY27
Trading Update – First quarter of FY27 Turning to our financial performance so far in FY27. It is still early in the year, but the first quarter has been encouraging. In the first three months, Group revenue was $353.7 million, up 39% on the same period last year. For personal use only Sales tonnes
Slide 33: Closing
Closing As always, our employees are the most important asset in our business. Our culture, customer focus and teamwork have carried us through a difficult period and into the early stages of recovery. I want to thank all of our people across Vulcan and Roofing Industries For personal use only for t