Pwr Holdings Ltd. · ASX:PWH
Pwr — FY2025 Earnings Presentation
28 slides from Pwr's earnings presentation, Aug 21, 2025
Slide 1: 2025 Full Year Result
For personal use only PWR HOLDINGS LIMITED 2025 Full Year Result 21 August 2025 Engineering the Unfair Advantage
Slide 2: Disclaimer
Disclaimer This document has been prepared by PWR Holdings Limited (PWR) and comprises written materials/slides for a presentation concerning PWR. For personal use only This presentation is for information purposes only and does not constitute or form part of any offer or invitation to acquire, sell
Slide 3: Operating Performance
For personal use only OPERATING PERFORMANCE Matthew Bryson Acting Chief Executive Officer
Slide 4: Highlights
Highlights Solid execution with positive momentum for next phase of growth Revenue down 6.7% to Results in line with guidance1 amid factory relocation and external impacts For personal use only $130.1m • • Revenue down 6.7% in line with guidance1 (5-10% below pcp, as outlined at H1 result) NPAT larg
Slide 5: Delivered on FY25 strategic priorities
Delivered on FY25 strategic priorities For personal use only New Australian factory A&D platform Profitable growth Global operating model Phase 1 now operational at Further NADCAP 28% growth in Aerospace & Team voluntary turnover new site accreditation of US facility Defence revenue improved
Slide 6: Revenue by market sector
Revenue by market sector Revenue by market sector - FY25 Revenue bridge - FY25 Revenue mix - FY25 Other Advanced Emerging Change 2.8 1% For personal use only $M Total 139.4 Aerospace & Cooling Technology1 vs. pcp 5.8 Defence Motorsports 55.8 14.4 70.2 4% 130.1 (3.3) 20% (12.3) (2.4) Aerospace & Defe
Slide 7: Strategy
For personal use only STRATEGY Matthew Bryson Acting Chief Executive Officer
Slide 8: Our journey, a decade since listing
Our journey, a decade since listing 2024 2021 – 2022 Horizon One: 2025 to date 10 years since listing 2019 - 2020 Emerging tech Started new Australian manf. HQ upgrade at Stapylton WON: Milestone A&D order Emerging tech ~AUD8.9m Additive manf. capability battery & electronics 2016 - 2019 Established
Slide 9: Global leader in Thermal Management
Global leader in Thermal Management Designing, manufacturing and supplying technically advanced, high performance cooling systems Global footprint that supports ‘flexible’, Leveraging Motorsports …into new markets and vertically integrated manufacturing innovation leadership… technologies For person
Slide 10: Positioned to capture Aerospace and Defence growth
Positioned to capture Aerospace and Defence growth Global Aerospace & Defence Thermal Management Systems Market PWR progress PWR competitive advantages are USD 23.8B For personal use only AUD 26.9M driving growth in A&D revenue and “approved supplier” relationships Forecast market growth - 6.6% CAGR
Slide 11: Capabilities and capacity for future growth
Capabilities and capacity for future growth For personal use only Building the A&D platform Australian Factory Update | Catering for the next 25+ years Leveraging technical knowledge, advanced Australian capacity doubled to support revenue growth product design and proprietary IP New space enhances
Slide 12: Strategic Plan
Strategic Plan For personal use only Innovation Profitable growth Sustainability Investing in our people • Continued R&D Investment • Confidence in forward pipeline - • Solar and water treatment • 5901 skilled, dedicated and generating increasing revenue disciplined production and plant at new Stapy
Slide 13: Financial Performance
For personal use only FINANCIAL PERFORMANCE Sharyn Williams Chief Financial Officer
Slide 14: Performance overview
Performance overview Revenue Operating performance and reconciliation to statutory NPAT • Sales within guidance range with Motorsport performing strongly in H2 For personal use only $M FY25 FY24 Change • A solid result given the expected delivery of the US government A&D project in FY26 and Revenue
Slide 15: Capex and Australian factory update
Capex and Australian factory update Capex elevated due to step change in capacity and capability, largely in Australia FY25 Capex $40.6m FY26F Capex $20.9m • Increase reflects expansion of production capability across three sites and additional equipment to For personal use only deliver A&D products
Slide 16: Working capital and cashflow
Working capital and cashflow Reduction in working capital Working capital movements and cash flow For personal use only • Working capital decreased $7m since 30 June 2024, reflecting strong revenue $M FY25 FY24 collections in H1 and higher payables, including $3.0m increase in customer Trade and oth
Slide 17: Balance sheet
Balance sheet Strong liquidity and conservative leverage Balance sheet • Balance sheet strength and unutilised facilities provide ample capacity to complete the $M FY25 FY25 H1 FY24 FY24 H1 For personal use only factory move and fund new equipment Assets • Cash of $4.4m with $12.5m drawn debt ($25 u
Slide 18: Business Update and Outlook
For personal use only BUSINESS UPDATE AND OUTLOOK Matthew Bryson Acting Chief Executive Officer
Slide 19: Pipeline update – Aerospace and Defence
Pipeline update1 – Aerospace and Defence Top 40 programs – prioritising the most compelling prospects Update on key market segments For personal use only Top 40 programs Aerospace and Defence • 80% of top 40 programs already 39 • Delivery of initial ~$9m US government order expected in FY26, delayed
Slide 20: Pipeline update – OEM and Motorsports ET
Pipeline update1 – OEM and Motorsports ET Motorsports ET pipeline reflects positive F1 changes and new OEM programs Market Sectors For personal use only 34 discrete key programs Motorsports ET • Number of key programs +36% vs. FY24 • F1 regulation changes contain technical change of unprecedented co
Slide 21: Strategic priorities and outlook
Strategic priorities and outlook Strategic Priorities Outlook For personal use only New Australian Factory – Phase 2 Motorsports - F1 reg change pipeline building - Electrical connection – scheduled October 2025 momentum and expected to support growth FY26+ - MMX, wind tunnel & additive manufacturin
Slide 22: Appendix
For personal use only APPENDIX
Slide 23: Pipeline – OEM and Motorsport Emerging Technology
Pipeline – OEM and Motorsport Emerging Technology1 Program Status SOP1 FY Prod. Years FY2026 FY2027 FY2028 Secured/Won/In production/ future production Motorsports - Hybrid & Electric Nominated Supplier - multiple Teams 2023 TBC 1 1 1 For personal use only Single make EV Racecar (150) Nominated Supp
Slide 24: Pipeline – Aerospace and Defence
Pipeline – Aerospace and Defence1 Status SOP1 FY Prod. Years FY26 FY27 FY28 Nominated for Pre Production 2025 Ongoing Secured/Won/In production/future production Nominated for Pre Production 2025 Ongoing Nominated for Prototyping 2025 Ongoing Potential/In discussion/program design and/or planning ph
Slide 25: The Opportunity in Aerospace and Defence
The Opportunity in Aerospace and Defence U.S strategic repositioning accelerates European Defence spending NATO countries up defence spending, still far from proposed target Defence expenditure as share of GDP, based on 2021 prices United States • Headline defence budget +13.4% on pcp - FY26 U.S. de
Slide 26: US Tariffs – key changes and estimated financial impact
US Tariffs – key changes1 and estimated financial impact For personal use only April update1 – what is still Key changes since the April update1 FY26 – ~$1.5m impact5 applicable to PWH in FY26+ • Majority of US imports are products • Reciprocal country tariff – largely relates to US • Tariff impact
Slide 27: Glossary
Glossary Term Definition AASB Australian Accounting Standards Board For personal use only AASB 16 Accounting standard requiring most leases to be capitalised on the balance sheet, with lease expenses replaced by depreciation and interest A&D Aerospace and defence Aftermarket The market for parts and
Slide 28: For personal use only
CZ... PWR EUROPE PWR HEAD OFFICE PWR NORTH AMERICA AUSTRALIA PWR Europe Limited PWR Holdings Limited C&R Racing Inc. Unit C, Valley Point Valley Drive Rugby, P.W.R. Performance Products Pty Ltd 6950 Guion Road Warwickshire, CV21 1TN 28 Quarry Road, Stapylton Indianapolis, IN United Kingdom Queenslan