Southern Cross Electrical Engineering Limited · ASX:SXE
Southern Cross Electrical Engineering — Shareholder Meeting (October 2025)
32 slides from Southern Cross Electrical Engineering's shareholder meeting presentation, Oct 14, 2025
Slide 1: 2025 Annual General Meeting Managing Director's Presentation
For personal use only 2025 Annual General Meeting Managing Director’s Presentation 14 October 2025
Slide 2: Introduction to SCEE
Introduction to SCEE Leading and trusted national provider and …operating through a portfolio of businesses: manufacturer of specialised electrical, instrumentation, communications, security, fire, Historically focused on resources and industrial work, but now also diversified into infrastructure an
Slide 3: SCEE's strategy
SCEE’s strategy SCEE sees electrical contracting as its core capability whilst increasingly diversifying into adjacent disciplines and servicing the infrastructure, commercial, and resources sectors • Our growth strategy continues to be to deepen our presence in those sectors and broaden our geograp
Slide 4: FY25 Financial Results
2025 Annual General Meeting 4 4 FY25 Financial Results For personal use only
Slide 5: Record revenue and profits
Record revenue and profits Record revenue $801.5m (FY24: $551.9m) up 45.2% on prior year Record EBITDA $54.8m (FY24: $40.1m) up 36.6% on record prior year* For personal use only Record EBIT $45.9m (FY24: $32.7m) up 40.4% on record prior year* Record NPAT $31.7m (FY24: $21.9m) up 44.5% on record prio
Slide 6: Record revenue and profits
Record revenue and profits Record revenue $801.5m (FY24: $551.9m) up 45.2% on prior year Summary financials: Revenue split by sector: Infrastructure $511.6m (FY24: $233.7m), Commercial $152.5m (FY24: $171.1m), and Resources $137.4m (FY24: FY25 FY24 % $147.0m) with Infrastructure more than doubling o
Slide 7: Strong balance sheet
Strong balance sheet Cash increased to a year-end record of $88.6m (30 June 2024: Balance sheet summary: $84.1m) despite financing Force Fire acquisition in second half Remain debt free Jun 25 Jun 24 For personal use only Record $115.2m of bank guarantees and surety bonds were on issue at 30 June 20
Slide 8: Record year-end cash
Record year-end cash Significant cash flows in the year included: • Record pay-out of $19.1m of fully franked dividends • First half tax payments of $16.0m effectively “catching up” on payments of only $3.7m income tax paid in H2 FY24 • $33.0m of acquisition payments being deferred consideration of
Slide 9: Order book
Order book Order Book by Sector Order Book by Geography Order Book by Discipline $m $m $m • Infrastructure two-thirds of order book • Over 75% of order book on East Coast • Circa 25% of order book now in • FY24 included recent CBESS award adjacent non-electrical disciplines For personal use only • W
Slide 10: Operational highlights and outlook
For personal use only Operational highlights and 2025 Annual General Meeting outlook 10 10
Slide 11: Operational highlights and outlook
Operational highlights and outlook Lost Time Injury (“LTI”) free for third consecutive year (FY25: 3.5m manhours LTI-free) Workforce at circa 1,900 direct employees For personal use only Louise Daw appointed as independent Non-Executive Director effective from 1 September 2025 Collie BESS passing pe
Slide 12: Widening capabilities
2025 Annual General Meeting 12 12 Widening capabilities For personal use only
Slide 13: Widening capabilities
Widening capabilities SCEE has transformed itself from a pure-play electrical contractor in the resources sector into a multidisciplinary industrial services group across a wide range of markets FY16 FY25 For personal use only Core capability Multidisciplinary services Electrical & Electrical & Secu
Slide 14: Acquisition of Force Fire
Acquisition of Force Fire The acquisition of Force Fire on 1 April 2025 is consistent Force Fire Highlights with SCEE’s strategy to add adjacent and complementary capabilities, and increase exposure to services and Attractive non-discretionary, maintenance style works and recurring revenues Capital-
Slide 15: Overview of Force Fire
Overview of Force Fire Force Fire is a leading provider of critical and non-deferrable fire safety solutions with a 25-year track record of delivery Snapshot Projects For personal use only • Offerings across both projects and services/minor works and both mechanical (“Wet fire”) and electrical (“Dry
Slide 16: Maximising synergies
Maximising synergies We aim to maximise the synergies and cross-selling opportunities created by the increasing diversification and multi-disciplinary nature of the Group For personal use only Various opportunities present: • Overlapping client bases leading to deeper relationships and business deve
Slide 17: Sectors
2025 Annual General Meeting 17 17 Sectors For personal use only
Slide 18: Diversified across sectors
Diversified across sectors Revenue breakdown Diversified across three broad market sectors of by Sector FY16-FY25 Infrastructure, Commercial and Resources $m For personal use only 801 • Infrastructure – very much largest sector now with 64% of revenue • Commercial – commercial buildings now stabiliz
Slide 19: Infrastructure
Infrastructure Infrastructure very wide sector for SCEE across federal and state government and private investment in Data Centres, renewables and energy, transport (including airports, rail, road and ports), health and aged care, defence, education, agriculture, water, and For personal use only oth
Slide 20: Data Centres
Data Centres SCEE businesses have worked on Data Centres for over twenty years and the sector is in exponential growth. Electrical work comprises the largest component of construction costs For personal use only SCEE businesses have multiple touch points in the sector: • Heyday very strong position
Slide 21: Electrification and renewables
Electrification and renewables SCEE has multiple exposures to Australia’s energy transition which requires electrification of many activities by 2050 This particularly includes: For personal use only • Transforming the electricity supply to run on non-carbon fuels • The electrification and decarboni
Slide 22: Investment proposition
2025 Annual General Meeting 22 22 Investment proposition For personal use only
Slide 23: Long term earnings growth – last years
Long term earnings growth – last 5 years EBITDA EBIT EPS $m $m cps For personal use only CAGR 16.6% CAGR 19.8% CAGR 21.2% 54.8 45.9 12.0 2025 Annual General Meeting 40.1 32.7 38.2 35.3 29.6 8.3 26.7 7.7 29.6 22.3 6.1 5.6 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 23 2
Slide 24: Growth of recurring revenues
Growth of recurring revenues Strong track record of recurring revenues growth - FY25 Wide range of recurring works under services, recurring revenues grew 15% on FY24 maintenance, sustaining capital, and framework agreements, including: Recurring Revenues ($m) For personal use only • Supermarket wor
Slide 25: Strong shareholder returns and financial position
Strong shareholder returns and financial position Shareholder returns over last eight years Strong cash position to support continued growth (5cps franked final dividend paid 8 October 2025) at 30 June 2025: $m For personal use only Dividends paid (cps) FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 C
Slide 26: Track record of successful acquisitions
Track record of successful acquisitions Completed value-accretive acquisitions of Datatel in 2016, Revenue contribution of acquisition in first full year of Heyday in 2017, Trivantage Group in 2020, MDE Group in consolidation 2024, and Force Fire in 2025 Actively exploring range of further acquisiti
Slide 27: Conclusion
2025 Annual General Meeting 27 27 Conclusion For personal use only
Slide 28: Conclusion
Conclusion Record revenue $801.5m (FY24: $551.9m) up 45.2% on prior year Record EBITDA $54.8m, EBIT $45.9m and NPAT $31.7m all up on record prior year * For personal use only Record year-end cash $88.6m (30 June 2024: $84.1m) up 5.3% on record prior year Order Book $685m (30 June 2024: $720m) down 4
Slide 29: Appendices
2025 Annual General Meeting 29 29 Appendices For personal use only
Slide 30: Appendix – IFRS reconciliation
Appendix 1 – IFRS reconciliation SCEE’s results are reported under International FY25 FY24 Financial Reporting Standards (IFRS). SCEE discloses certain non-IFRS measures that are not prepared in $m $m accordance with IFRS. The non-IFRS measures should For personal use only only be considered in addi
Slide 31: Appendix - Corporate summary
Appendix 2 - Corporate summary Capital Structure Shareholders at 23 Sept 2025 For personal use only ASX Code SXE Thorney Investments 13.2% Share Price (10 October 2025) $2.240 Other Institutions in Top 60 Shareholders 24.7% No. of ordinary shares (10 October 2025) 266.0m Frank Tomasi 16.9% Market Ca
Slide 32: Disclaimer
Disclaimer Some of the information contained in this presentation contains “forward-looking statements” which may not directly or exclusively relate to historical facts. These forward-looking statements reflect the current intentions, plans, expectations, assumptions and beliefs of Southern Cross El
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