Austal Limited · ASX:ASB
Austal — Shareholder Meeting (October 2025)
32 slides from Austal's shareholder meeting presentation, Oct 28, 2025
Slide 1: FY2025 Annual General Meeting
FY2025 Annual General Meeting 28 October 2025 HOLDING SLIDE 1
Slide 2: CEO's Presentation
FY2025 Annual General Meeting CEO’s Presentation 28 October 2025 Paddy Gregg Chief Executive Officer 2
Slide 3: Austal 'at a glance'
Austal ‘at a glance’ A growing defence prime contractor, delivering for the defence maritime and commercial sectors $1.8B $113.4m $13.1B FY25 revenue FY25 EBIT Order book (incl.options) 7 ships ordered 49 ships under 73 vessels under 7 ships delivered construction or scheduled sustainment Shipyards
Slide 4: FY25 Highlights
FY25 Highlights A strong business performance with year-on-year improvement and foundation laid for growth Order Book Operating Revenue EBIT EBIT Margin NPAT EPS Net Cash (incl. options) Cashflow A$1.8bn A$13.1bn A$113.4m 6.2% A$89.7m 23.6cps A$406.3m A$453.1m ▲24.1% ▲ 2.9% ▲ 100.8% ▲240 bps ▲ 503.2
Slide 5: FY2025 - The Year That Was
FY2025 - THE YEAR THAT WAS JULY ‘24 AUGUST SEPTEMBER OCTOBER • Awarded contract for wind-powered 66 • Resolution of US Regulatory • Austal Board changes • MMF3 Ground-breaking metre trimaran for VELA Investigation • Contract to invest US$150m in US • Delivery 8th ECCPB • Delivery 20th Guardian Class
Slide 6: Environmental Social Governance
Environmental Social Governance Achieving real progress towards a more sustainable, inclusive and innovative future ESG Highlights from FY2025 • Across all operations, Austal is embedding technologies that improve energy efficiency, enable alternative fuels and support greater vessel autonomy. • We
Slide 7: Why Austal is the Strategic Shipbuilder in WA
Why Austal is the Strategic Shipbuilder in WA. Ships Delivered since 1988… Delivery Centres Service Centres 3 21 45 269 Total Delivered: 350 (to 59 Countries) Total Contracted: 390 7
Slide 8: Strategic Shipbuilding Agreement (SSA)
Strategic Shipbuilding Agreement (SSA) Landmark agreement, securing Austal’s role as the Commonwealth’s strategic shipbuilder • Defining moment for Austal; establishes Austal Defence Australia as the Commonwealth of Australia’s strategic shipbuilder for surface combatant vessels to be built at Hende
Slide 9: Henderson, Western Australia
Henderson, Western Australia Evolved Cape-class Guardian-class General Purpose Frigate Landing Craft Heavy Landing Craft Medium Patrol Boat Patrol Boat (Mogami-class) (LC-H) (LC-M) 1. Australian Government announced the selection of Damen’s Landing Ship Transport 100 (LST100) as the preferred design
Slide 10: Anticipated to sign the full contract for LCM and LCH
8. Anticipated to sign the full contract for LCM and LCH before half year 9
Slide 11: Asia
Asia 1. Awarded a contract to design and construct a 66 metre sailing cargo trimaran for Vela Transport of France, in July 2024. Construction on the 100% wind powered vessel commenced at Austal Philippines in January 2025. 2. Austal Philippines delivered the 32 metre ‘Ocean Master’ catamaran ferry t
Slide 12: Mobile, USA
Mobile, USA Submarine Modules - MMF3 • US$450m • 1 million sq/ft • 400,000 sq/ft undercover Final Assembly 2 (FA2) under construction 1. Broke ground for Final Assembly 2 building – July 2024 2. Installed OTH on DDG-62 (USS Fitzgerald) with a successful missile shoot - Jul 2024 3. Christened EPF 15
Slide 13: Mobile, USA (continued)
14. Awarded undefinitized contract award totalling US$11.75m for Industry 4.0 – Nov 2024 15. Awarded funding for Navy Additive Manufacturing Center of Excellence totalling US$11.3m – Nov 2024 16. Start of Construction LCU Vessel 2 (LCU1711) Construction – Dec 2024 17. Fifteen (15) Navy AM COE manufa
Slide 14: Global defence spending
Global defence spending Heightened geopolitical tensions, combined with the urgent need to replenish defence capabilities, are driving strong momentum in global defence expenditure Global Australia • Global military spending reached US$2.7 trillion in 2024 (+37% since 2015) • A$50.3 billion investme
Slide 15: Strategic Outlook
Strategic Outlook Key growth pillars and increased defence expenditure to drive positive momentum in medium-term 1 2 3 Revenue and Earnings Growth Order Book Growth Continued Investment in Modern Facilities with Scope for Further Austal’s order book of $13.1bn has Underlying business performance
Slide 16: Guidance
Guidance Guidance for FY26 is above our previous record EBIT of $130m in FY22 EBIT Guidance for FY26 is $135m Key drivers include: • Record order book • Increased orders anticipated through the SSA • Increased volume of work in Asia With the US orderbook plus Government announcements in Australia, w
Slide 17: 15
15
Slide 18: FY2025 Annual General Meeting
FY2025 Annual General Meeting 28 October 2025 HOLDING SLIDE 16
Slide 19: Resolution 1
Resolution 1 “That the Remuneration Report as set out in the Annual Report for the year ended 30 June 2025 be adopted.” Eligible proxies received : FOR AGAINST PROXY’S DISCRETION 264,932,689 1,880,253 632,214 99.06 0.70 0.24 17
Slide 20: Resolution 2
Resolution 2 “That Mr Richard Gibb, having been appointed as a Director of the Company on a casual basis since the last annual general meeting and who retires in accordance with Article 8.1(c) of the Company’s Constitution, and being eligible, is elected as a Director of the Company.” Eligible proxi
Slide 21: Resolution 3
Resolution 3 “That Ms Susan Murphy, having been appointed as a Director of the Company on a casual basis since the last annual general meeting and who retires in accordance with Article 8.1(c) of the Company’s Constitution, and being eligible, is elected as a Director of the Company.” Eligible proxi
Slide 22: Resolution 4
Resolution 4 “That, for the purposes of ASX Listing Rule 7.2 exception 13(b) and for all other purposes, approval be given to the Austal Limited Rights Plan (Plan) and for the grant of indeterminate rights (Rights), and further issues of Shares on vesting and exercise of such Rights, on the terms se
Slide 23: Resolution 5
Resolution 5 “That, pursuant to and in accordance with ASX Listing Rule 10.14 and for all other purposes, Shareholders approve the grant of up to $38,930 worth of Share Rights to Mr Lee Goddard CSC on the terms and conditions set out in the Explanatory Memorandum, and any issue of Shares pursuant to
Slide 24: Resolution 6
Resolution 6 “That, pursuant to and in accordance with ASX Listing Rule 10.14 and for all other purposes, Shareholders approve the grant of up to $38,930 worth of Share Rights to Ms Kathryn Toohey AM CSC on the terms and conditions set out in the Explanatory Memorandum, and any issue of Shares pursu
Slide 25: Resolution 7
Resolution 7 “That, pursuant to and in accordance with ASX Listing Rule 10.14 and for all other purposes, Shareholders approve the grant of up to $38,930 worth of Share Rights to Mr Brent Cubis on the terms and conditions set out in the Explanatory Memorandum, and any issue of Shares pursuant to tho
Slide 26: Resolution 8
Resolution 8 “That, subject to the approval of Resolution 2 above, pursuant to and in accordance with ASX Listing Rule 10.14 and for all other purposes, Shareholders approve the grant of up to $38,930 worth of Share Rights to Mr Richard Gibb on the terms and conditions set out in the Explanatory Mem
Slide 27: Resolution 9
Resolution 9 “That, subject to the approval of Resolution 3 above, pursuant to and in accordance with ASX Listing Rule 10.14 and for all other purposes, Shareholders approve the grant of up to $38,930 worth of Share Rights to Ms Susan Murphy on the terms and conditions set out in the Explanatory Mem
Slide 28: Resolution 10
Resolution 10 “That pursuant to and in accordance with ASX Listing Rule 10.14 and for all other purposes, Shareholders approve the grant of up to 245,661 LTI Rights under the Austal Limited Rights Plan for FY2026 to Mr Patrick Gregg on the terms and conditions set out in the Explanatory Memorandum,
Slide 29: Resolution 11
Resolution 11 “That, pursuant to and in accordance with Listing Rule 7.4 and for all other purposes, Shareholders ratify the prior issue of 52,631,579 Shares issued under Listing Rule 7.1, on the terms and conditions in the Explanatory Memorandum.” Eligible proxies received: FOR AGAINST PROXY’S DISC
Slide 30: Glossary
Glossary AFDM Auxiliary Floating Dock Module LCU Landing Craft Utility CCPB Cape Class Patrol Boat LUSV Large Unmanned Surface Vessel DDG(X) Next Generation Guided Missile Destroyer MMF3 Module Manufacturing Facility #3 (for submarine modules) ECCPB Evolved Cape Class Patrol Boat NGLS Next Generatio
Slide 31: Disclaimer
Disclaimer This presentation and any oral presentation accompanying it has been prepared by Austal Limited (“Austal”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in Austal or as an inducement to make an offer or invitation with respect to those
Slide 32: Further Information
Further Information Paddy Gregg, Chief Executive Officer Telephone: +61 8 9410 1111 www.austal.com ASX:ASB Company Timeline 1988 2011 2023 2025 Perth, Western Australia Balamban, Philippines Alabama, Mobile Australia Commenced operations Commercial shipbuilding facility T-AGOS contract with total Ap