Advanced Innergy Holdings Ltd. · ASX:AIH
Advanced Innergy — H1 FY26 Earnings Presentation
33 slides from Advanced Innergy's earnings presentation, May 28, 2026
Slide 1: Advanced Innergy Holdings Ltd (ASX:AIH) H1 FY26 results presentation
ASX:AIH Advanced Innergy Holdings Ltd (ASX:AIH) H1 FY26 results presentation 28 May 2026 Advanced Innergy Holdings Limited ACN 687 262 479 of Level 8, 210 George Street SYDNEY NSW 2000 - Approved for ASX Release by the AIH Board of Directors 1
Slide 2: Important notice and disclaimer
Important notice and disclaimer The information contained in this document (“Document”) has been prepared by Advanced Innergy Holdings Limited ACN 687 262 479 (“AIS”, "AIH" or “Company”). This Document is current as at the date of this Document and should be read in conjunction with other AIH period
Slide 3: Contents
Contents 1 H1 FY26 results 4 2 Introduction to AIH 9 3 Segment highlights 14 4 FY26 outlook 19 5 Appendix 28
Slide 4: H1 FY26 results
H1 FY26 results 4
Slide 5: H1 FY26 financial highlights
H1 FY26 - financial highlights1 All figures presented in Australian dollars (AUD), unless otherwise stated Revenue Gross profit margin • FY26 revenue weighted towards H2 reflecting project $157.9m 36.8% delivery schedules underpinned by record order book • Gross profit margin improved due to product
Slide 6: Profit and loss
Profit and loss1 All figures presented in Australian dollars (A$000), unless otherwise stated FX rate (AUD/GBP) 2.065 2.065 Commentary Profit & Loss (A$000) H1 FY25 H1 FY26 % Var • Note: Profit and loss reconciliation from GBP to AUD included in (prior year) Appendix Revenue 1 161,735 157,913 (2.4%)
Slide 7: Balance Sheet
Balance Sheet1 All figures presented in Australian dollars (A$000), unless otherwise stated FX Rate (AUD/GBP) 2.065 2.065 Balance sheet (A$000) 30-Sep-25 31-Mar-26 Commentary Cash & cash equivalents 1 36,654 99,747 Trade & other receivables 2 59,005 69,422 Note: Balance Sheet reconciliation from GBP
Slide 8: Cashflow
Cashflow1 All figures presented in Australian dollars (A$000), unless otherwise stated FX Rate (AUD/GBP) 2.065 2.065 2.065 Commentary Cashflows (A$000) H1 FY25 H1 FY26 Last 12 months Profit before tax 13,592 4,572 17,184 Note: Cashflow reconciliation from GBP to AUD included in Appendix Adjustments
Slide 9: Introduction to AIH
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Slide 10: Company snapshot
Company snapshot Global operations with IP and product technology that underpins mission-critical infrastructure for blue-chip multi-national clients 30+ year $388m track record of material FY26 revenue guidance science excellence 20+ locations 200+ across 15 countries in all pending & registered ma
Slide 11: Mission-critical protection for vital strategic industries
Mission-critical protection for vital strategic industries Diversified industrial … protecting key … with a unique range of … backed by a proven group at the forefront of infrastructure across innovative material track record and clear global energy critical industries… science solutions… growth str
Slide 12: Global operations
| Global operations Norway e Canada United Kingdom 2 Kazakhstan France Bulgaria Norwa “Portugal eKorea Y - United States ¢ United Arab Emirates Molde , Bibndalsora Andalsries © Innlandet Haugesund gO - r United Malaysia " Kingdom e Angola e Brazil ovkeitiersdale ° Glosso . © Nottingham e Australia e
Slide 13: Diverse end markets with high barriers to entry
Diverse end markets with high barriers to entry Operating Subsea Thermal Marine segments Ancillaries Insulation Aquaculture Water Intake risers Fire protection Buoys and fenders Offshore wind Battery protection Seismic Energy: non-renewable Core markets Energy: transition / renewables Defence, telec
Slide 14: Segment highlights
Segment highlights 14
Slide 15: Subsea – expanding into new geographies and markets
Subsea – expanding into new geographies and markets 125 Revenue ($m)1 Subsea 100 75 Ancillaries Water Intake risers 50 Offshore wind 25 95 88 - H1 FY25 H1 FY26 Highlights • Strong order intake in core product areas with several larger projects scheduled for delivery in H2 FY26 • New wins on deepwate
Slide 16: Thermal – consistent performance and diversification
Thermal – consistent performance and diversification 80 Revenue ($m)1 Thermal 60 Insulation 40 Fire protection Battery protection 20 61 51 - H1 FY25 H1 FY26 Highlights • Orderbook maintained in core product areas with project delivery weighted to H2 • New framework agreements in South America focuse
Slide 17: Marine – acquisitions driving growth and opportunities
Marine – acquisitions driving growth and opportunities 30 Revenue ($m)1 Marine 20 Aquaculture Buoys and fenders 10 Seismic 18 - 5 H1 FY25 H1 FY26 Highlights • Ovun integration finalised: • Intercompany supply chain benefits being achieved • Secured opportunities in defence market; secured multi-year
Slide 18: Portfolio breadth a key driver of our success
Portfolio breadth a key driver of our success… Multiple products supplied across a single project: Diverse product range combined with engineering excellence for bespoke challenges GranMorgu Project: Block 58 (off the coast of Suriname) US$10+ billion large-scale deepwater oil development ContraTher
Slide 19: FY26 outlook & guidance
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Slide 20: Growth strategy
Growth strategy Expanding share in core markets Expand market share in core markets by capitalising on accelerating investment in energy projects by key customers Innovation & product development Leverage testing and development capability to access new markets with existing material science technol
Slide 21: Expanding share in core markets
Expanding share in core markets The heightened global focus on sovereign energy security is a positive for medium to long term new project development • AIH major customers continue to report multi-billion dollar backlogs extending beyond two years • Demand continues in key growth geographies - Guya
Slide 22: Innovation and product development
Innovation and product development Emerging markets and product developments • Track record of taking existing materials science capabilities and applying to adjacent or new markets / applications • R&D team consisting of 60+ scientists and engineers leveraging extensive testing and validation facil
Slide 23: Targeted M&A strategy
Targeted M&A strategy Acquisition strategy and key priorities • Targeted strategic acquisitions enable AIH to consolidate key markets and enhance product offering - completed 3 acquisitions over past 12 months (CAPSE (now AIT), Ovun & Imenco Aqua) • In April, entered Scheme of Arrangement with Matri
Slide 24: M&A: Matrix (ASX:MCE) - Scheme of Arrangement
M&A: Matrix (ASX:MCE) - Scheme of Arrangement Matrix Composites & Engineering On 20 April 2026, AIH entered a Scheme Implementation Deed (Scheme) to acquire 100% of Matrix Composites & Engineering Ltd (Matrix)1 Strategic rationale • Scarce manufacturing asset - provides immediate APAC foothold with
Slide 25: Market dynamics & orderbook
Market dynamics & orderbook Market dynamics • The heightened global focus on sovereign energy security is a positive for medium to long term new project development • Recent Q1 earnings calls from Baker Hughes1 & SLB (Schlumberger) both pointed to countries prioritising supply diversification with i
Slide 26: FY26 forecast financial guidance
FY26 forecast financial guidance FY26 guidance reconfirmed: • Revenue of $387.9m; and • Underlying EBITDA of $62.3m • Excludes any contribution from M&A in FY26 (i.e., Imenco Aqua or proposed acquisition of Matrix) Commentary • Order book stands at a record approximately $239m as at 31 March 2026 •
Slide 27: Value proposition
Value proposition Mission critical solutions Global scale and operations Large addressable market • Product & solutions applicable to • 20+ testing, manufacturing and • Oil & gas demand expected to drive global mission critical energy, energy service locations across 15 countries 22% growth in upstr
Slide 28: Appendix
Appendix Reconciled Profit and loss Reconciled Balance sheet Reconciled Cashflow Board of Directors 28
Slide 29: Profit and loss – reconciliation from GBP to AUD
Profit and loss – reconciliation from GBP to AUD All figures presented in Australian dollars (A$000), unless otherwise stated FX rate (AUD/GBP)1 2.065 2.065 H1 FY25 H1 FY26 H1 FY25 H1 FY26 % Var Profit & Loss (000’s) GBP GBP AUD AUD (prior year) Revenue 78,322 76,471 161,735 157,913 (2.4%) Gross pro
Slide 30: Balance sheet – reconciliation from GBP to AUD
Balance sheet– reconciliation from GBP to AUD FX rate (AUD/GBP) 2.065 2.065 Balance sheet (A$000) 30-Sep-25 31-Mar-26 30-Sep-25 31-Mar-26 GBP GBP AUD AUD Cash & cash equivalents 17,750 48,303 36,654 99,747 Trade & other receivables 28,574 33,618 59,005 69,422 Contract assets 14,985 15,274 30,945 31,
Slide 31: Cashflow – reconciliation from GBP to AUD
Cashflow – reconciliation from GBP to AUD FX Rate (AUD/GBP) 2.065 2.065 2.065 Cashflows (A$000) H1 FY25 H1 FY26 H1 FY25 H1 FY26 Last 12 months GBP GBP AUD AUD AUD Profit before tax 6,582 2,214 13,592 4,572 17,184 Adjustments for: - Depreciation of PP&E 2,643 2,788 5,457 5,757 12,465 Amortisation of
Slide 32: Experienced Board of Directors
Experienced Board of Directors Well credentialed board and management with strong international experience Russell Ward – Chair Simon Shepherd – Executive Director (CTO) • Russell Ward was appointed Chairman of AIS Group in • Founder of AIS, Simon Shepherd is a qualified September 2018. With over 36
Slide 33: For more information please contact
For more information please contact: Andrew Bennion AIH head office CEO Quedgeley West Business Park Bristol Rd, Gloucester investors@aisltd.com GL2 4PA, UK
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