Saunders International Limited · ASX:SND
Saunders International — Investor Presentation (August 2025)
33 slides from Saunders International's investor presentation, Aug 20, 2025
Slide 1: FY2025 Investor Presentation
ASX: SND FY2025 Investor Presentation For the period ended 30 June 2025
Slide 2: Introductions
FY2025 Investor Presentation 2 Introductions Acknowledgement of Country Mark Benson Angelo De Angelis Managing Director & Chief Executive Officer Chief Operating Officer We acknowledge the Traditional Owners and Custodians of Country throughout Australia. We pay our respects to all First Nations peo
Slide 3: About Us
FY2025 Investor Presentation 3 About Us Key Markets Core Capabilities Fluid Storage and Transfer Saunders is a multidisciplinary Defence & Government 01 Infrastructure Engineering, Construction and Industrial Asset Services company. 02 Structural, Mechanical and Piping Proudly Australian-owned Water
Slide 4: About Us
FY2025 Investor Presentation 4 About Us PORT MORESBY DARWIN 72* NORTHERN Projects in delivery valued Viva Energy RAAF Learmonth TERRITORY over $1m (as at 30 June 2025) QUEENSLAND Ampol Tank 95 584* WESTERN AUSTRALIA BRISBANE x2 SOUTH AUSTRALIA Team of employees KCGM CIL3 NEW SOUTH WALES NEWCASTLE x2
Slide 5: Corporate Snapshot
FY2025 Investor Presentation 5 Corporate Snapshot Capital Structure 17% Acquisition of Aqua Metro (VIC) FY2025 ASX Code SND 10-year CAGR Acquisition of Piping Solutions (QLD) Ordinary shares on issue 30 June 2025 123,242,597 Acquisition of Automation IT (QLD) Share price 30 June 2025 $0.74 Market ca
Slide 6: Performance Highlights and Outlook
FY2025 Investor Presentation 6 FY2025 Performance Highlights Outlook While unforeseen project The Group’s comprehensive service Revenue Adjusted Earnings Per Share (basic) offering, along with its strengthened 2.68 cents delays and weather impacts have led to our FY2025 results falling short of achi
Slide 7: Income Statement
FY2025 Investor Presentation 7 Income Statement A$000 FY2025 FY2024 % Revenue 214,523 216,079 -0.7% Key Insights Other Income 985 439 124.4% Materials & third-party costs charged to projects Revenue decreased by 0.7% with growth impacted by (105,676) (108,675) -2.2% delays in project awards and weat
Slide 8: Balance Sheet
FY2025 Investor Presentation 8 Balance Sheet A$000 FY2025 FY2024 A$000 FY2025 FY2024 Key Insights Current assets Current liabilities Cash balance increased by $2.3m Trade and other payables 26,724 28,194 Cash and cash equivalents 22,076 19,807 due to decreases in working capital Contract liabilities
Slide 9: Cash Flow
FY2025 Investor Presentation 9 Cash Flow A$’000 FY2025 FY2024 Key Insights Cash flows from Operating activities 15,921 19,321 Operating Cash Flows above adjusted EBITDA, representing a cash conversion rate of 171% due to Cash flows from Investing activities (6,286) (5,491) improved working capital,
Slide 10: Corporate Highlights
FY2025 Investor Presentation 10 Corporate Highlights Our People Safety & Operational Sustainability Governance & Strategic Growth & & Culture Excellence & Social Impact Risk Management Portfolio Highlights In FY2025, Saunders In FY2025, we recorded zero We completed our first Saunders strengthened T
Slide 11: Market Outlook
FY2025 Investor Presentation 11 Market Outlook Pipeline Total $4.0b* Defence & Government Water Energy Resources & Industrials Outlook: Outlook: Outlook: Outlook: • Defence spending is projected to steadily • Continued investment in water security due • Continued focus on fuel security is providing
Slide 12: Pipeline Analysis including Aqua Metro Acquisition
FY2025 Investor Presentation 12 Pipeline Analysis including Aqua Metro Acquisition Order book* of $529m at 30 June 2025, includes recent acquisition of Aqua Metro Pipeline** by Status ($billion) Pipeline by Market Pipeline by Region Balanced market focus delivering diversified National footprint mak
Slide 13: Defence Opportunity Landscape
FY2025 Investor Presentation 13 Defence Opportunity Landscape Larrakeyah Defence Precinct RAAF Darwin East Arm Fuel Storage (USA) Opportunity Cockatoo Island RAAF Tindal Outlook Strategic Position Lavarack Barracks NORTHERN Largest Defence Pipeline in Despite ongoing delays in the fuel TERRITORY RAA
Slide 14: We've accelerated our growth in the water market
FY2025 Investor Presentation 14 We’ve accelerated our growth in the water market through the strategic acquisition of Aqua Metro.
Slide 15: Aqua Metro Acquisition Overview
FY2025 Investor Presentation 15 Aqua Metro Acquisition Overview • Aqua Metro is a leading end-to-end delivery partner for design, engineering and project execution in the water industry 300+ $411m Completed Projects Order book* (Work in Hand) • Broad Victorian reach in both urban and rural areas • C
Slide 16: Strategic Rationale
FY2025 Investor Presentation 16 Strategic Rationale Enhanced offering in water Synergies with existing capabilities High-quality management team with infrastructure and value creation a proven track record • Leading professional program management • Complementary to Saunders, adding design • Strong,
Slide 17: Service Offerings
FY2025 Investor Presentation 17 Service Offerings Contract and • Procurement • Head contract and sub- • Project and program risk management Program contract management • Quality systems Management • Budget and cost control • Key Result Area (KRA) management Engineering • Hydraulics • Mechanical • Su
Slide 18: Key Customers
FY2025 Investor Presentation 18 Key Customers 01 04 Capital Works Capital Works Design and Construction (‘D&C’) project delivery Framework Government utility provider D&C program delivery 02 05 Bellarine Recycled Capital Minor Works Water Government utility provider D&C program delivery 01 D&C proje
Slide 19: Core Capabilities
FY2025 Investor Presentation 19 Core Capabilities Aqua Metro’s core capabilities are highly complementary with Saunders’ service offering in delivering critical infrastructure services to the water industry. Design and Construct Program Management Technology Maintenance
Slide 20: Water opportunity landscape
FY2025 Investor Presentation 20 Water opportunity landscape Long-term, Stable Victoria at the National Expansion Australia’s water Industry Revenue Forefront Opportunities and wastewater • ~$8.9b national market • Aqua Metro’s clients account for • QLD: $1.7b committed to water infrastructure (FY202
Slide 21: Water opportunity landscape
FY2025 Investor Presentation 21 Water opportunity landscape Victorian Water Authorities* Major Water Authority** Water market yearly capital expenditure Average yearly capex growth is being driven by population 10% 33% growth, ageing infrastructure and $159m 13% increased $1.8b $447m 4% $690m govern
Slide 22: Major Projects Secured
FY2025 Investor Presentation 22 Major Projects Secured KCGM CIL3 Mechanical KCGM Growth Project CIL4 Bald Hill Storage Infrastructure Upgrade, WA Tank Construction, WA Infrastructure, VIC Value $31.5 million Value $27.0 million Value $27.0 million Client Northern Star Client Primero Client Greater W
Slide 23: Other selected projects secured in the period
FY2025 Investor Presentation 23 Other selected projects secured in the period H1 FY2025 H2 FY2025 July 2024 October 2024 January 2025 May 2025 • Ampol Lytton T2095 • Hilltops Council Burrangong • Clean Peak Barangaroo • Ampol Tank T&I T374 – Pipe Installation Creek Bridge • GAP Industries Shoalwater
Slide 24: Major Ongoing Projects
FY2025 Investor Presentation 24 Major Ongoing Projects Siddeley Street Sewer Pipeline KCGM CIL3 Train Mechanical Bald Hill Potable Water Storage KCGM Growth Project CIL4 Upgrade, VIC* Infrastructure Upgrade, WA Infrastructure, VIC* Tank Construction, WA Value $68.1 million Value $31.5 million Value
Slide 25: Projects Completed
FY2025 Investor Presentation 25 Projects Completed Selected projects completed in the period Pelican Point Terminal expansion Redbank Reservoir Client Quantem Client Western Region Delivery Team Market Energy Market Water Location South Australia Location New South Wales Western Sydney International
Slide 26: Outlook
FY2025 Investor Presentation 26 Outlook While unforeseen project delays The recent acquisition of Aqua The pipeline of opportunities Tender activity remains high, but and weather impacts meant our Metro represents a significant moving into FY2026 has grown we anticipate that current FY2025 results f
Slide 27: Investment Highlights
FY2025 Investor Presentation 27 Investment Highlights Strong Track Record Diversified and Growing Pipeline We have a strong track record of A pipeline of $4.0 billion across consistent revenue growth with a 10- structurally growing markets, further year CAGR of 17%. expanded by the Aqua Metro acquis
Slide 28: About Saunders International Limited
FY2025 Investor Presentation 28 About Saunders International Limited Saunders International Limited (ASX: SND) is a multidisciplinary Australian company that provides engineering, construction and industrial asset services across the complete asset lifecycle. Established in 1951 and listed on the Au
Slide 29: Appendix 1: Project profiles
FY2025 Investor Presentation 29 Appendix 1: Project profiles
Slide 30: HMAS Stirling Substation Integration
FY2025 Investor Presentation 30 HMAS Stirling Substation Integration Capability Industrial Automation and Electrical Value $6.0 million Location Garden Island, WA Saunders was engaged to deliver three successive projects at HMAS Stirling, integrating a total of 61 substations across the naval base.
Slide 31: Siddeley Street Sewer Pipeline Upgrade (Saunders Aqua Metro project)
FY2025 Investor Presentation 31 Siddeley Street Sewer Pipeline Upgrade (Saunders Aqua Metro project) Capability Civil and Water Infrastructure Value $68.1 million Location Melbourne, VIC Saunders Aqua Metro is delivering a critical infrastructure upgrade on behalf of Greater Western Water to support
Slide 32: Mobil Altona
FY2025 Investor Presentation 32 Mobil Altona Capability Industrial Asset and Maintenance Services Value $50.0 million Location Altona, VIC We are continuing delivery of our longer, cornerstone contracts, including our five-year maintenance program for Mobil in Altona. Saunders is at the forefront of
Slide 33: KCGM Growth Project CIL4 Tank Construction, WA
FY2025 Investor Presentation 33 KCGM Growth Project CIL4 Tank Construction, WA Capability Fluid Storage and Transfer Infrastructure, Structural, Mechanical and Piping Value $27.0 million Location Kalgoorlie, WA Saunders has been awarded a $27 million contract by Primero for the construction of eight
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