Slide 1: FY2026 Results
FY2026 Results 26 August 2026 AGENDA 1 2 3 Business performance Financial performance Strategy and outlook Chris Ashton Justine Travers Chris Ashton
Slide 2: Important Information Disclaimer
IMPORTANT INFORMATION Stronger together Disclaimer The information in this presentation about Worley Limited differ materially from those expressed in the statements. and the entities it controls (Group) and the Group’s activities Factors that may affect forward-looking statements include is current
Slide 3: Business performance
SECTION 01 Business performance Chris Ashton — Chief Executive Officer Worley / Full year results 2026 Worley | Full year results 2026
Slide 4: Key messages
KEY MESSAGES Executing amid disruption, while positioning for growth FY26 FY26 impacted by external $12,023m $734m disruption and FX headwinds $12,325m cc $773m cc Middle East disruption, a softer operating environment and FX Aggregated revenue Underlying EBITA1 translation weighed on FY26 performan
Slide 5: Safety and our ESG performance
FY26 PERFORMANCE Safety and our ESG performance Our highest priority is to keep 0.07 our people safe Total Recordable Case • Delivered another year of strong safety performance, Frequency Rate1 with TRCFR and serious case frequency rates FY25: 0.13 at 30 June 2025 improving over the year 0.006 • Con
Slide 6: Operating environment
OPERATING CONTEXT Operating $ environment Middle East instability External Resilient business Middle East disruption FX translation impact dynamics activity FY26 headwinds, but medium-term growth drivers remain intact Strong demand Project delays and lower FX impact related to Impact on fundamentals
Slide 7: Worley's differentiated market position
OPERATING CONTEXT Worley’s differentiated market position Structural Capital-light Global scale Diversified Disciplined demand and business model and market earnings growth and tailwinds position execution Positioned at the center Capital-light delivery Scale and customer Driving quality growth thro
Slide 8: Leading indicators show strong demand
LEADING INDICATORS Leading indicators show strong demand Factore d Sale s Pipe line Bookings Backlog Remains healthy Awards are elevated Provides forward visibility +24% +23% +9% pcp pcp pcp $16.9b $15.5b $15.0b $13.8b cc $12.6b $12.7b Jun-25 Jun-26 FY25 1 FY26 Jun-25 Jun-252 Jun-263 Jun-26 cc • Adv
Slide 9: Our major projects and programs
LEADING INDICATORS Our major projects and programs strategy is supporting our FY30 growth ambition + 10countries + 20customers across 3 regions selected Worley for MPP work1 in FY26 FULL PROJECT DELIVERY: 30% 45% Supports predictable, integrated delivery across the project lifecycle, from concept th
Slide 10: Structural demand is driving growth across our future-facing markets
LEADING INDICATORS 6 Structural demand is driving 15 5 13 14 18 9 19 16 4 growth across our 11 2 8 1 10 future-facing markets 17 3 7 $10b 12 > Bookings in FY26 Integrated Energy Transition Complex Critical gas Materials Infrastructure 49% Gas remains the Energy Transition Central to economic resilie
Slide 11: Energy
SECTOR UPDATES Energy remains our largest sector supported by strong underlying demand drivers. Over the course of the year, aggregated revenue increased 8% and Energy we are seeing EPC opportunities progressing through the pipeline. SIGNALS TO WATCH 01 02 03 $6,373m LNG project timing and Middle Ea
Slide 12: Connah's Quay Low Carbon Power project (EPC)
Connah’s Quay Low Carbon Power project (EPC) Uniper We are supporting Uniper as the preferred EPC contractor for the planned Connah’s Quay Low Carbon Power Project in the UK following a competitive FEED process. If developed, the project would combine gas-fired generation with carbon capture technol
Slide 13: Chemicals
SECTOR UPDATES Chemicals remains a structurally significant long-term market, although near-term conditions remain challenging. While FY26 was impacted by Chemicals project cancellations and lower activity in some regions, we continue to see investment in refining, decarbonization, ammonia-based fer
Slide 14: Padeswood carbon capture and storage project (EPCM)
Padeswood carbon capture and storage project (EPCM) Heidelberg Materials We are providing EPCM services for Heidelberg Materials’ Padeswood carbon capture project in North Wales. The facility is designed to capture around 800,000 tonnes of CO₂ annually, supporting the production of near-zero cement
Slide 15: Resources
SECTOR UPDATES Resources has been our fastest growing sector over the last 4 years, underpinned by enduring, structural demand fundamentals. FY26 growth Resources was driven by increasing activity across mined fertilizers, copper and battery materials, with continued investment in iron ore. We are a
Slide 16: Jansen Potash Mine
Jansen Potash Mine BHP BHP’s Jansen Potash Project in Canada is the largest private investment in Saskatchewan's history and is expected to become one of the world’s largest potash mines. Located on Treaty 4 territory and the homeland of the Métis, the multi-stage project is on track for first produ
Slide 17: Financial performance
SECTION 02 Financial performance Justine Travers — Chief Financial Officer Worley / Full year results 2026 Worley | Full year results 2026
Slide 18: Key financials
FINANCIAL PERFORMANCE Key financials $12,023m $734m • While FY26 revenue was broadly flat, earnings were impacted by Middle East disruption ($58m), a Aggregated revenue Underlying EBITA1 challenging operating environment in key markets, FX translation and softer activity in parts of the FY25: $12,05
Slide 19: Drivers of FY26 Results
FINANCIAL PERFORMANCE Drivers of Revenue $12,050m $12,325m Unde r lying EB ITA FY26 Results $12,023m $823m $734m $773m Headwinds • Growth expectations were impacted by the conflict in the Middle East, a softer operating environment and a slower FY25 FY26 FY26 cc FY25 FY26 FY26 cc market in chemicals
Slide 20: FX sensitivity and translation impacts
FY26 PERFORMANCE FX sensitivity and translation impacts • Worley's global footprint generates the majority of earnings in non-Australian currencies. ~93% of our aggregated Movement in major currencies revenue in FY26 came from outside Australia (indexed against AUD) • The strengthening of the AUD ac
Slide 21: Reshaping the business to strengthen future performance
FY26 PERFORMANCE Reshaping the business to strengthen future performance Restructure Deliver cost actions Reinvest selectively $120m1 One-off costs $132m Cost-out actions ~$70m Targeted investment over two years achieved • Aligning resources to areas of higher • Exceeded initial cost-out target of •
Slide 22: A disciplined capital framework to support growth and returns
CAPITAL MANAGEMENT A disciplined capital framework to support growth and returns Metric FY26 FY25 Target Operating cash flow $401m range Generate FY27 Proceeds from divestments $56m Working capital metrics Lease payments Cash conversion ratio2 93.6% 94.9% >85% Sustain Free cash flow Maintenance & ot
Slide 23: Strategy and outlook
SECTION 03 Strategy and outlook Chris Ashton — Chief Executive Officer Worley / Full year results 2026 Worley | Full year results 2026
Slide 24: Delivering long term growth over time
STRATEGIC PROGRESS Delivering long term growth over time Aggregated EB ITA Underlying Backlog2 revenue Basic EPS 11% CAGR 12,023 9% CAGR +25% +21% FY22 PF1 to FY26 FY22 PF1 to FY26 734 FY22 PF1 to FY26 FY22 PF1 to FY26 78.2 15.0 $m $m cps $b FY22 PF FY23 PF FY24 FY25 FY26 FY22 PF FY23 PF FY24 FY25 F
Slide 25: Executing our FY30 growth ambition
STRATEGIC PROGRESS Executing our FY30 growth ambition Aligned with long-term investment trends $106t infrastructure resiliency Energy security spend to 20402 $7t Rapid AI and Digital on Data Center CapEx Acceleration by 20303 $4.5t Energy transition Energy transition CapEx p.a. by 20304 $2-3t p.a. o
Slide 26: Our priorities
STRATEGIC PROGRESS Our priorities Current market growth AI-enabled full project Future-facing growth Scale benefits delivery markets FY26 • Pipeline growth, strong • Major Projects & • Significant wins in • Cost-out program Delivering near-term Progress bookings, steady backlog Programs organization
Slide 27: Group outlook
STRATEGIC PROGRESS Group outlook1 Outlook context Demand across our core markets is underpinned by favorable Mid to high single digit growth medium and long-term fundamentals, including the need for secure Underlying and affordable energy, critical resources as well as investment in EBITA export, su
Slide 28: Worley | Full year results 2026
& Worley | Full year results 2026 28
Slide 29: Supplementary Information
FULL YEAR 2026 Supplementary Information Worley | Full year results 2026 29
Slide 30: We are
ABOUT US We are An industry leader of energy, chemicals and resources experts Energy Chemicals Resources Globally diversified expertise… supporting a world in transition… with end-to-end capability. Over 40,000 people, operating Leading positions across markets balancing Across the life cycle of our
Slide 31: Worley's investment proposition
ABOUT US Worley’s investment proposition Why Worley is structurally positioned to capture long-term growth Structural demand Capital-light Global scale and tailwinds delivery model and market position Positioned to leverage long-term Capital-light delivery model with Scale and customer relationships
Slide 32: Worley's investment proposition
ABOUT US Worley’s investment proposition Why that growth translates into resilient earnings and returns Diversified Disciplined growth and earnings execution Driving quality growth through cycles Earnings growth through selective full with diversification across sectors, project delivery and targeti
Slide 33: Our portfolio
ABOUT US Our portfolio We continue to support our customers across our full portfolio, while intentionally leaning into future facing markets with outsized growth Energy Integrated gas Oil Midstream Hydrogen (incl. LNG) Data centers Power Nuclear Chemicals Chemicals Petrochemicals Fuels Direct Air C
Slide 34: Summary of key financials
SUPPLEMENTAL FINANCIALS Summary of key financials % change vs FY25 Constant FY26 FY25 vs. FY25 Reported Currency Aggregated revenue $12,023m $12,050m ($27m) (0.2%) 2.3% Aggregated revenue excl. procurement $8,193m $8,964m ($771m) (8.6%) (6.1%) Underlying EBITA $734m $823m ($89m) (10.8%) (6.1%) Under
Slide 35: Reconciliation of statutory to underlying results adjusted for non-trading items
SUPPLEMENTAL FINANCIALS Reconciliation of statutory to underlying results adjusted for non-trading items Reconciliation of statutory results to H1 FY26 H2 FY26 FY26 FY25 The directors consider underlying result underlying results ($m) ($m) ($m) ($m) information important in understanding the Statuto
Slide 36: Segment results – regions
SUPPLEMENTAL FINANCIALS Segment results – regions H1 FY26 H2 FY26 FY26 FY25 vs. FY25 Americas delivered strong growth as major projects advanced into execution, driving Aggregated revenue higher revenue and EBITA despite margin ($m) 6,312 5,711 12,023 12,050 (0.2%) mix headwinds. Americas 3,059 3,16
Slide 37: Sector results
SUPPLEMENTAL FINANCIALS Sector results H1 FY26 H2 FY26 FY26 FY25 vs. FY25 Energy revenue growth was driven by execution projects driving increasing Aggregated revenue construction and procurement activity, with ($m) 6,312 5,711 12,023 12,050 (0.2%) margins impacted by business mix and Energy 3,183 3
Slide 38: EBITA% excluding procurement
SUPPLEMENTAL FINANCIALS EBITA% excluding procurement H1 FY26 H2 FY26 FY26 Aggregated revenue ($m) 6,312 5,711 12,023 C a l c u l a t i o n o f E B I TA % excluding procurement Growth rate on pcp (0.2%) Underlying Underlying EBITA Underlying EBITA ($m) 377 357 734 EBITA margin = excluding (‘Aggregate
Slide 39: Cash collection
SUPPLEMENTAL FINANCIALS Cash collection FY26 FY25 Performance ($m) ($m) • Normalized cash conversion was Statutory EBITA 614 823 93.6%1, adjusted to exclude timing adjustments for advance billings on Non-cash items: a number of contracts as we achieve Less: Share of associates' profits in excess of
Slide 40: Balance sheet and liquidity
SUPPLEMENTAL FINANCIALS Balance sheet and liquidity Balance sheet metrics as at as at 30 Jun 2026 30 Jun 2025 Debt maturity profile as at 30 June 2026 Weighted average cost of debt1 4.4% 4.3% Weighted average debt maturity (years) 2.8 2.7 Interest cover (times) 7.4x 10.7x Net debt (statutory definit
Slide 41: Backlog
SUPPLEMENTAL FINANCIALS Backlog BACKLOG WALK ($b) BY REGION 16.7 (1.8) (0.9) (0.2) 4.5 1.0 1.2 15.0 16.7 Americas 13.8 3.8 13.8 13.8 EMEA (1.6) 9.0 APAC (5.8) Dec-25 Americas EMEA APAC Jun-26 BY SECTOR (1.7) (0.1) (1.1) 1.8 Energy 2.3 16.7 13.8 Chemicals Dec-25 Backlog Wins Net Scope Jun-26 FX Jun-2
Slide 42: FX translation impacts
SUPPLEMENTAL FINANCIALS FX translation impacts FY26 EBITA Impact by currency($m) FY26 Aggregated Revenue by currency (%) 2 2 (2) 35% 35% (5) (6) (9) (10) (11) 7% 9% 14% INR CAD ARS USD SAR OMR EUR MAD USD USD Pegged CAD EUR Other The FY26 Underlying EBITA FX translation impact was ~93% of Worley’s F
Slide 43: Productivity and people metrics
OPERATIONS Staff Utilization1 Productivity 90% and people 85% Target metrics 80% FY24 FY25 FY26 % of work through GID 20% 18% 16% Total headcount is 40,400 at 14% 30 Jun 2026, with 34,000 12% professional services staff 10% FY24 FY25 FY26 EBITA/Headcount2 Global Integrated Delivery (GID) contributes
Slide 44: Glossary
DEFINITIONS Glossary $, $m, $b – Australian dollars unless otherwise stated, Australian GICS – Global Industry Classification Standard millions of dollars, Australian billions of dollars GenAI – Generative Artificial Intelligence AI – Artificial Intelligence GID - Global Integrated Delivery APAC - A
Slide 45: Backlog definition
DEFINITIONS Backlog definition Fixed price vs reimbursable contract types Backlog is the total dollar value of the amount of revenues expected to be Reimbursable Contracts (77% of FY26 revenue): recorded as a result of work performed under contracts or purchase/work • These contracts are based on re
Slide 46: Rules for items excluded from underlying results
DEFINITIONS Rules for items excluded from underlying results Worley has guidelines for determining items to be excluded from non IFRS profit Our reporting suite measures, such as underlying NPATA and underlying EBITA. These guidelines are for determining underlying profit for internal management rep
Slide 47: Registered office
Registered office: Level 19, 420 George Street Sydney NSW 2000 Australia T: +61 2 8923 6866 E: investor.relations@worley.com E: media.relations@worley.com Worley Limited ABN 17 096 090 158 worley.com worley.com Worley | Full year results 2026 47