Monadelphous Group Limited · ASX:MND
Monadelphous — Shareholder Meeting (November 2025)
50 slides from Monadelphous's shareholder meeting presentation, Nov 25, 2025
Slide 1: Annual General Meeting November 2025
ANNUAL-GENERAL MEETING 5 25 NOVEMBER 2025 Es nl Monadelpaous, _ = wi L
Slide 2: Introduction
Introduction Phil Trueman Chief Financial Officer and Company Secretary 2
Slide 3: Acknowledgement of Country
Acknowledgement of Country Laurah Phillips, Learning & Development Advisor Monadelphous extended its partnership with the Polly Farmer Foundation for a further two years. 3
Slide 4: Employees and total workforce
* Employees and total workforce as at 30 June 2025. 4
Slide 5: Online Attendees: How to ask a question
Online Attendees How to ask a question • To ask a written question select the Q & A icon • Type your question in the text box and press the send button • To ask a verbal question follow the instructions below the broadcast window 5
Slide 6: Online Attendees: How to vote
Online Attendees How to vote • When the poll is open, select the vote icon at the top of the screen • To vote, select either For, Against or Abstain • You will see a vote confirmation • To change or cancel your vote “Click here to change your vote” at any time until the poll is closed 6
Slide 7: Board of Directors
2025 ANN MEETING Board of Directors Rob Velletri Zoran Bebic Sue Murphy AO Chair Managing Director Deputy Chair and Lead Independent Non-Executive Director Helen Gillies Dietmar Voss Ric Buratto Independent Independent Independent Non-Executive Director Non-Executive Director Non-Executive Director
Slide 8: Agenda
Agenda 1. Chair’s Address 2. Managing Director’s Address 3. Items of Business 4. Other Business 8
Slide 9: 1. Chair's Address
1. Chair’s Address Rob Velletri Chair 9
Slide 10: 2025 Year in Review
2025 Year in Review • Strong performance, strategic progress and emerging opportunities • Sustained strong demand – solid pipeline of committed work • Secured record $2.3 billion of new work, with $570 million secured post year end • Major wins in energy, iron ore and renewables • Progressed energy
Slide 11: 2. Managing Director's Address
2. Managing Director’s Address Zoran Bebic Managing Director 11
Slide 12: 2025 Financial Snapshot
2025 Financial Snapshot Revenue by division ($m) $2.27 BILLION SALES REVENUE1 11.6% 925.3 712.7 $83.7 Engineering MILLION NET PROFIT AFTER TAX 34.6% Construction Maintenance 85.0 1,323.5 1,346.4 & Industrial CENTS EARNINGS Services PER SHARE 32.7% FY24 FY25 FULL YEAR DIVIDEND 24.1% 72.0 CENTS Revenu
Slide 13: Contracts Secured
Contracts Secured NEW CONTRACTS AND EXTENSIONS1 $2.3 BILLION Refer to Appendices for contract details. 1 Value of contracts awarded during the financial year ended 30 June 2025. 13
Slide 14: Sustainability: People
Sustainability People 10,000 8,000 6,000 4,000 2,000 0 HY23 FY23 HY24 FY24 HY25 FY25 Corporate Maintenance & Industrial Services Engineering Construction Employees Employees Employees Subcontractors Subcontractors Subcontractors • Record total workforce numbers, increase of 23 per cent • Strong part
Slide 15: Sustainability: Safety and wellbeing
Sustainability Safety and wellbeing 6 4 4.42 TRIFR 0.85 2 HPIFR 0.12 LTIFR 0 FY23 HY24 FY24 HY25 FY25 • Targeted campaigns focused on improving safety performance • Unwavering commitment to “The Safe Way is the Only Way” • Technology enabled systems deployed to address equipment related risks • Ongo
Slide 16: Sustainability: Diversity and inclusion, community and environment
Sustainability Diversity and inclusion, community and environment ABORIGINAL AND TORRES STRAIT ISLANDER INDIGENOUS BUSINESS SPEND WORKFORCE PARTICIPATION 3.5% $27 MILLION 17% above up 35% target • Aboriginal and Torres Strait Islander workforce participation exceeded target • Significant increase in
Slide 17: 2025 Divisional Highlights: Engineering Construction
2025 Divisional Highlights Engineering Construction Revenue by end customer Revenue ($m) Iron ore 31% Energy transition metals 30% Other minerals 13% 712.7 925.3 Energy 12% Renewable energy 11% Infrastructure 3% FY24 FY25 • Revenue1 up 30 per cent • Awarded $890 million of new construction contracts
Slide 18: Engineering Construction
Engineering Construction Adam Cook Executive General Manager, Engineering Construction 18
Slide 19: Car Dumper Renewal Project
Engineering Construction Car Dumper 3 Renewal Project Monadelphous’ Tadano CC88 crane 'Rubino’ executed the precision lift of a 450-tonne rotary cell at BHP’s Car Dumper 3 Renewal Project at Nelson Point in Port Hedland, Western Australia. 19
Slide 20: Pluto LNG Train
Engineering Construction Pluto LNG Train 1 Monadelphous commenced multidisciplinary construction works for modifications to the existing Woodside-operated Pluto LNG Train 1 facility near Karratha, Western Australia. 20
Slide 21: Prominent Hill Operations Expansion Project
Engineering Construction Prominent Hill Operations Expansion Project Monadelphous’ multidisciplinary construction works at BHP’s Prominent Hill Operations Expansion Project in South Australia. 21
Slide 22: 2025 Divisional Highlights: Maintenance & Industrial Services
2025 Divisional Highlights Maintenance & Industrial Services Revenue by end customer Revenue ($m) Energy 48% Iron ore 22% Other minerals 21% 1,346.4 1,323.5 Infrastructure 5% Energy transition metals 4% FY24 FY25 • Strong demand for maintenance services • Secured approximately $1.4 billion of new co
Slide 23: Maintenance & Industrial Services
Maintenance & Industrial Services Alastair Reid Executive General Manager, Maintenance & Industrial Services 23
Slide 24: INPEX Ichthys
Maintenance & Industrial Services INPEX Ichthys Monadelphous continued to provide operational, campaign and shutdown maintenance services and brownfields projects for INPEX in the Browse Basin, Western Australia. 24
Slide 25: Shell QGC
Maintenance & Industrial Services Shell QGC Monadelphous was awarded a seven-year maintenance and construction services contract for Shell QGC’s Curtis Island LNG operations in Gladstone, Queensland. 25
Slide 26: Acquisition of High Energy Service
Maintenance & Industrial Services Acquisition of High Energy Service Monadelphous broadened its electrical services capability with the acquisition of Perth-based high voltage services business, High Energy Service. 26
Slide 27: Business Update
Business Update • Strong operating conditions and elevated activity levels • Larger revenue contribution from vertically integrated construction projects • Zenviron and Mondium experiencing higher levels of major project activity • Significant increase in demand from energy customers • Acquired Kerm
Slide 28: Industry Outlook – Australia
Industry Outlook – Australia Resources Capex A$b 20 Energy (O&G) Capex A$b 40 18 35 16 30 Energy 14 25 transition 12 metals 20 10 Iron ore 15 8 6 10 Other minerals 4 5 2 0 0 2023 2024 2025f 2026f 2027f 2028f 2029f 2030f 2023 2024 2025f 2026f 2027f 2028f 2029f 2030f Source: Oxford Economics, ABS (Jun
Slide 29: Australia's Energy Transition
Australia’s Energy Transition 29
Slide 30: Outlook
Outlook • Robust longer-term forecast across resources and energy • Production rates expected to support continued investment in iron ore • Outlook for energy transition metals strengthening and projected to increase • Energy sector providing significant construction opportunities with sustained dem
Slide 31: 3. Items of Business
3. Items of Business Woodside's Karratha Gas Plant in Western Australia. 31
Slide 32: Annual Report
Annual Report To receive and consider the Financial Report, Directors’ Report and Auditor’s Report for the year ended 30 June 2025. 32
Slide 33: Resolution 1: Re-election of Director – Ms Sue Murphy AO
Resolution 1 Re-election of Director – Ms Sue Murphy AO To re-elect a Director: Ms Sue Murphy AO who, being eligible, offers herself for re- election. 33
Slide 34: Resolution 1: Proxy Results
Resolution 1 Re-election of Director – Ms Sue Murphy AO The total of valid proxies received for Resolution 1 is 61,108,343 being: 59,056,335 FOR the resolution 991,911 AGAINST the resolution 1,060,097 OPEN to proxy 63,597 ABSTAIN 34
Slide 35: Resolution 2: Re-election of Director – Ms Helen Gillies
Resolution 2 Re-election of Director – Ms Helen Gillies To re-elect a Director: Ms Helen Gillies who, being eligible, offers herself for re-election. 35
Slide 36: Resolution 2: Proxy Results
Resolution 2 Re-election of Director – Ms Helen Gillies The total of valid proxies received for Resolution 2 is 61,108,986 being: 58,992,655 FOR the resolution 1,054,330 AGAINST the resolution 1,062,001 OPEN to proxy 62,954 ABSTAIN 36
Slide 37: Resolution 3: Performance rights, short-term incentive plan
Resolution 3 Grant of performance rights to the Managing Director under the Company’s short-term incentive plan for the year ended 30 June 2025 To grant 18,647 Performance Rights to the Company’s Managing Director, Mr Zoran Bebic, or his nominee, under the Combined Reward Plan for the year ended 30
Slide 38: Resolution 3: Proxy Results
Resolution 3 Grant of performance rights to the Managing Director under the Company’s short-term incentive plan for the year ended 30 June 2025 The total of valid proxies received for Resolution 3 is 61,027,348 being: 59,623,406 FOR the resolution 342,851 AGAINST the resolution 1,061,091 OPEN to pro
Slide 39: Resolution 4: Performance rights, long-term incentive plan
Resolution 4 Grant of performance rights to the Managing Director under the Company’s long-term incentive plan for 2025 To grant 29,538 Performance Rights to the Company’s Managing Director, Mr Zoran Bebic, or his nominee, under the Long-Term Senior Leadership Performance Reward Plan for 2025 on the
Slide 40: Resolution 4: Proxy Results
Resolution 4 Grant of performance rights to the Managing Director under the Company’s long-term incentive plan for 2025 The total of valid proxies received for Resolution 4 is 61,051,952 being: 59,487,476 FOR the resolution 508,379 AGAINST the resolution 1,056,097 OPEN to proxy 119,988 ABSTAIN 40
Slide 41: Resolution 5: Adoption of Remuneration Report
Resolution 5 Adoption of Remuneration Report To consider and adopt the Remuneration Report for the year ended 30 June 2025. 41
Slide 42: Resolution 5: Proxy Results
Resolution 5 Adoption of Remuneration Report The total of valid proxies received for Resolution 5 is 58,877,810 being: 57,282,520 FOR the resolution 515,294 AGAINST the resolution 1,079,996 OPEN to proxy 183,464 ABSTAIN 42
Slide 43: Shareholder Questions
Shareholder Questions Monadelphous’ Tadano CC88 crane ‘Rubino’, at BHP’s Car Dumper 3 in Port Hedland, Western Australia. 43
Slide 44: Poll
Poll Delivering rail maintenance services at the Perth Freight Terminal, Western Australia. 44
Slide 45: 4. Other Business
4. Other Business Liontown Resources’ Kathleen Valley Lithium Project, near Leinster, Western Australia. 45
Slide 46: For More Information
For More Information Investor Relations Telephone: +61 8 9316 6386 Email: investor_relations@monadel.com.au www.monadelphous.com.au 998.4 841.1 652.9 46
Slide 47: Appendices
APPENDICES APPENDICES
Slide 48: Contracts Secured - Detail: Engineering Construction
Contracts Secured - Detail ENGINEERING CONSTRUCTION Market Sector 1 BHP – Dewatering of surplus water from Orebody 32 Iron Ore 1 2 BHP – Multidisciplinary construction services associated with Jimblebar Train Loadout Replacement Project Iron Ore 3 BHP – Multidisciplinary construction services associ
Slide 49: Contracts Secured - Detail: Maintenance and Industrial Services
Contracts Secured - Detail MAINTENANCE AND INDUSTRIAL SERVICES Market Sector 1 Alinta – Outage at Loy Yang B power station Power 1 2 BHP – Construction and installation of acid plant cooling towers at Olympic Dam mine Copper, Gold, Uranium 1 3 BHP – Maintenance services across BHP’s Pilbara iron ore
Slide 50: Disclaimer & Important Notice
Disclaimer & Important Notice Information, including forecast financial information, in this presentation, should not be considered as a recommendation in relation to holding, purchasing or selling shares, securities or other instruments in Monadelphous Group Limited or any other company. Due care a
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