Macmahon Holdings Limited · ASX:MAH
Macmahon — Canaccord Mining Services Presentation 2025
11 slides from Macmahon's conference presentation, Nov 25, 2025
Slide 1: Canaccord Mining Services Presentation
.S 4 MACMAHON CANACCORD MINING SERVICES PRESENTATION 25 November 2025
Slide 2: The Macmahon Journey....We're just getting started!
The Macmahon Journey....We’re just getting started! ¢ Establishing credibility * Nine consecutive years of achieving guidance * Prudent, conservative, consistent strategy * Successful acquisition of Decmil in 2024 * Building our business to scale * Surface Mining in Australia now largely “at scale”
Slide 3: Guidance Performance
Guidance Performance Long term track record of achieving guidance Revenue ($m) Underlying EBIT(A) ($m) 42 Guida: Guidance [eNews 3.0)- 0.0 | 2) FY21 FY22 FY23 FY24 FY2S5 FYI7 FYI8 FYI9 FY20, FY21 FY22 FY23 FY24 FY2S5 Guidance fl Guidance 105 140 FYI7 FYI8 CQMACMAHON © 30.une 2025 Full Year Results
Slide 4: Our Business
Our Business Macmahon provides a comprehensive range of integrated mining and civil infrastructure services in Australia and Indonesia Surface Mining vac duon Underground Mining vac duon Civil Infrastructure BDECMIL + Aglobal leader in surface mining with * Specialists in the provision of + Provider
Slide 5: FY25 Group Financial Highlights
FY25 Group Financial Highlights Record revenue and earnings Revenue Underlying EBITDA' Underlying EBIT(A)! $2.4bn 2.0% $387.4m 2.x = $171.4M 22 FY26 Secured Revenue of $2.1 bn 16.0% EBITDA margin 7.1% EBIT(A) margin Underlying Operating Cash Flow? Free Cash Flow? Total Dividend $407.4M «5% $140.7m.:
Slide 6: FY25-26 Group Operational Highlights
FY25-26 Group Operational Highlights Surface Mining + Secured $1.4bn of strategically aligned new contracts and extensions in FY25 + Signed an Alliance LOM Mining Services Agreement with Cyprium Metals at the Nifty Copper Complex in FY25 + Pursuing $7.7bn pipeline with $3.0bn expected to be awarded
Slide 7: 2-3 Year Strategic Growth Objectives
2-3 Year Strategic Growth Objectives FY17 Revenue Mix FY25 Revenue Mix Our Strategic Target ica = Revenue ro © FY17 Pipeline FY25 Pipeline Mix ROACE TARGET >25% Surface Underground Civil Australia growth target (2-3 years) Indonesia growth targeting 15-20% of Group revenues O8 CQQMACMAHON HM surface
Slide 8: Dividends per share and payout ratio
1.8 150.0% 1.6 1.50 130.0% 1.4 110.0% 1.2 1.05 90.0% 1 70.0% 0.8 0.75 0.65 0.65 0.6 50.0% 0.6 0.5 30.0% 0.4 31.2% 22.8% 21.7% 23.3% 24.0% 10.0% 0.2 18.5% 18.2% 0 -10.0% 1H DPS FY DPS % of EPS 8
Slide 9: FY26 Investor Guidance
FY26 Investor Guidance On track for strong growth in FY26 FY26 STRATEGIC PRIORITIES * No life-changing safety events, reduction in TRIFR * Monetisation of non-core Homeground asset * 2-3-year revenue targets Underground - 50% revenue growth - Civil - $1 billion revenue p.a. - Indonesia - 15-20% of G
Slide 10: QMACMAHON
QMACMAHON
Slide 11: Important Notice and Disclaimer
Important Notice and Disclaimer Disclaimer as to forward-looking statements This presentation contains forward-looking statements, including statements of current intention, statements of opinion and predictions as to possible future events. These forward-looking statements are based on, among other
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