Scidev Ltd · ASX:SDV
Scidev — Investor Presentation (February 2026)
26 slides from Scidev's investor presentation, Feb 25, 2026
Slide 1: Challenges Addressed; Returning to Growth
Challenges Addressed; Returning to Growth 1H FY26 Results Investor Presentation FEBRUARY 2026 Seán Halpin CHIEF EXECUTIVE OFFICER Todd Scott CHIEF FINANCIAL OFFICER
Slide 2: 1H FY26 Results
1H FY26 Results 48$m Challenging 1H, driven by frac schedule disruption in Energy Services and higher costs in Overseas Water Technologies Revenue $47.9m Gross Margins 28% REVENUE ( 1H FY25 $49.9m) (1H FY25 33%) Reported EBITDA Underlying EBITDA $0.4m $1.1m (1H FY25 $3.4m) (1H FY25 $3.4m) Net Cash a
Slide 3: 1H FY26 Highlights
1H FY26 Highlights Broadened customer base and operating model shift in international Water Technologies Strategic Initiatives Financial Energy Recurring Revenue ▪ 75% increase in the number of CatChek customers. ▪ Increased to 54% of total revenue (from 48%), driven by a ▪ 25 new branded ISOs deplo
Slide 4: Why SciDev
Why SciDev Proprietary technologies targeting high-value solutions, with a low-cost supply chain Energy Mining Construction & Infrastructure High-performance chemistry FluorofIX® & RegenIX ®: Industry High-Value Targeted and optimized that outperform alternatives. leading regenerable ion Proprietary
Slide 5: Financial Performance
fi I ~ on | Financial Performance #2 SCIDEV
Slide 6: Key Financial Metrics
Key Financial Metrics Stronger earnings in 2Q, following a challenging 1Q Profit & Loss (A$m) 1H FY26 1H FY25 VAR % 1H FY26 vs 1H FY25 Revenue 47.9 49.9 -4% ▪ Revenue declined 4% YoY, driven by Water Technologies in APAC and Energy Services, partially offset record revenues for Process Chemistry. Gr
Slide 7: Earnings Bridge: EBITDA Underlying
Earnings Bridge: EBITDA Underlying 6.0 0.4 0.8 5.0 0.4 4.0 0.4 A$ million 3.4 3.0 2.0 -3.6 1.1 1.0 -0.7 0.0 1H FY25 Corporate Process Chemistry Water Technologies Energy Services Energy Services Water Technologies 1H FY26 (APAC) (CatChek & Other) (xSlik) (International) Driven by cost Growth in high
Slide 8: Earnings by Business Unit
Earnings by Business Unit Outside of frac schedule disruption and overseas water, all other BUs improved A$ million 1H FY26 1H FY25 VAR % Negative Drivers Revenue Underlying EBITDA of $1.1 million was $2.3 million below the prior corresponding Energy Services 25.9 27.6 -6% period. Two factors accoun
Slide 9: Energy Services
Energy Services Isolated impact from scheduling disruption; CatChek client base +75% strengthens A$ million 1H FY26 1H FY25 VAR % Highlights Revenue 25.9 27.6 -6% ▪ Revenue $25.9m down 6%, due to primarily to frac schedule disruption at a key customer. EBITDA Underlying 3.3 6.5 -49% ▪ Underlying EBI
Slide 10: Process Chemistry
Process Chemistry Record sales with growing book of multi-year contracts and new mining customer trials A$ million 1H FY26 1H FY25 VAR % Highlights Revenue 14.5 12.5 16% ▪ Revenue of $14.5m, up 16% driven by multi-year tunnelling and infrastructure projects. EBITDA Underlying 1.1 0.7 58% ▪ Underlyin
Slide 11: Water Technologies
Water Technologies Cross industry solutions spanning Mining, Energy, Construction, and Data Centres A$ million 1H FY26 1H FY25 VAR % Highlights APAC APAC Revenue 7.0 9.4 -25% ▪ Revenue of $7.0m, down 25%, as several D&C contracts rolled off, and prior to ramp up of the new Rum Jungle contract ($1.0m
Slide 12: Balance Sheet & Cashflow
Balance Sheet & Cashflow Robust net cash and access to utilised debt facilities A$ million 1H FY26 1H FY25 VAR % Balance Sheet Working Capital 4.5 4.6 -3% ▪ Working capital 3% lower YoY, broadly inline with change in revenues. Property, Plant and Equipment 9.9 10.2 -3% ▪ Property, plant, and equipme
Slide 13: Revenue by Source
Revenue by Source Recurring Revenue now exceeds 50%, improving the quality of earnings Revenue by Industry (1H FY26) Recurring Revenue as % of total1 2% 30 60% 54% 25 48% 50% 14% 40% 20 40% 33% A$ million 54% 15 30% 30% 26 24 10 20 20% 16 5 10% 0 0% Energy Mining Construction Other 1H FY23 1H FY24 1
Slide 14: Strategy & Outlook
Strategy & Outlook 14
Slide 15: Strategic Initiatives
Strategic Initiatives Next generation innovation, existing market penetration, and growing recurring revenues Energy Services Process Chemistry Water Technologies Technology & R&D for the next generation of Automate supply chain processes Scale up of Innovation advanced specialty chemicals for effic
Slide 16: Outlook – FY26
Outlook – FY26 Guidance revised reflecting recent challenges, with upside potential retained Revised Guidance Downside Risks ▪ The revised guidance reflects the company’s view of reasonable downside risk. ▪ Downside risks included in the guidance cover key items such as one month FY26 Revenue guidan
Slide 17: Outlook – FY27 Pipeline visibility
Outlook – FY27 Pipeline visibility Strong forecast 4Q FY26 exit rate and increasing confidence in FY27 revenue pipeline FY26 Revenue Forecast Exit Rate FY26 Revenue Forecast Drivers ▪ Revenue forecasted to continue to climb QoQ over 2H FY26, with a strong 4Q exit rate for both Rum Jungle and underly
Slide 18: Questions
Questions #2 SCIDEV
Slide 19: Appendix
APPENDIX 19
Slide 20: About SciDev
About SciDev Technology enabled water solutions for the Energy, Mining, and Construction Industries Energy Mining Construction & Infrastructure Energy Services Process Chemistry Proprietary Chemicals Proprietary Chemicals Solutions that improve that significantly that optimise solid- wastewater recy
Slide 21: Supplemental Information: Group Financial Data
Supplemental Information Group Financial Data A$ ‘000 FY23 FY24 FY25 1H FY25 1H FY26 Profit & Loss Revenue 89,841 109,236 103,386 49,927 47,868 EBITDA Reported 3,916 8,844 6,192 3,353 358 EBITDA Underlying 4,080 8,844 7,130 3,353 1,086 EBIT Reported 408 4,752 2,024 1,278 -1,731 EBIT Underlying 572 4
Slide 22: Supplemental Information: Divisional data
Supplemental Information Divisional data A$ ‘000 FY23 FY24 FY25 1H FY25 1H FY26 Energy Services Revenue 56,453 61,031 60,244 27,581 25,889 EBITDA Underlying 5,953 11,501 13,337 6,548 3,330 EBIT Underlying 5,424 10,822 12,685 6,222 2,945 Process Chemistry Revenue 21,292 25,289 26,077 12,520 14,520 EB
Slide 23: Supplemental Information: Abnormal Items
Supplemental Information Abnormal Items A$ ‘000 1H FY25 1H FY26 ISO asset rectification 0 346 Restructuring including redundancies 0 382 Total 0 728 23
Slide 24: Commercial Models & Markets
Commercial Models & Markets Business units operate across several markets deploying various commercial models Energy Services Process Chemistry Water Technologies Commercial Model ▪ Input based – gallons supplied ▪ Input based – kilos supplied ▪ Build, Own, Operate (BOO) ▪ Design and Construct (D&C)
Slide 25: Board and Management Team
Board and Management Team Board Seán Halpin Mike Utsler John Gourlay Dan O’Toole Johannes Risseeuw Managing Director Non-Executive Non-Executive Non-Executive Non-Executive and CEO Chairman Director Director Director Leadership Team Seán Halpin Todd Scott Chris Dartez Jamiel Muhor Ronan Duffy Managi
Slide 26: Disclaimer
Disclaimer Forward-Looking Statements Disclaimer This presentation may contain certain ‘forward-looking statements’ with respect to the financial condition, results of operations, and business of SciDev Limited and certain of the plans and objectives of management. Forward- looking statements can ge