Bhagwan Marine Ltd. · ASX:BWN
Bhagwan Marine — Euroz Hartleys Industrial Forum 2025
13 slides from Bhagwan Marine's conference presentation, Nov 20, 2025
Slide 1: Euroz Hartleys Industrial Forum
For personal use only Euroz Hartleys Industrial Forum 2 0 N OV E M B ER 2 0 2 5 Image: The Sea Stryder Utility Vessel
Slide 2: Important Notice and Disclaimer
I M P O RTA N T N OT I C E A N D D I S C L A I M E R Authorisation of Release: This ASX Announcement has been approved for standards. Investors are therefore cautioned not to place undue reliance on results or trends to differ materially, including but not limited to earnings, release by the Managin
Slide 3: Bhagwan Business Model at a Glance
B H AG WA N B U S I N E S S M O D E L AT A G L A N C E DIVERSIFIED BUSINESS MODEL – CORE & EMERGING MARKETS RESOURCES & CAPABILITIES For personal use only 1. Nationwide Facilities Providing Local Support 2. Diverse and Multifunctional Vessel Fleet OFFSHORE SUBSEA PORTS & DEFENCE ENERGY INSHORE 3. Hi
Slide 4: 1Q26 Performance
1Q26 PERFORMANCE1 STEADY ACTIVITY WITHIN CORE BUSINESS For personal use only NET REVENUE ($M) EXCLUDING TVI 2 PROJECT • Core1Q26 revenue up 7.8% on 1Q25 7.8 • Revenue uplift driven by strong activity – particularly offshore energy and ports & inshore • Jadestone Energy and Vermilion Energy contract
Slide 5: Steady Activity Across All Sectors
STEADY ACTIVITY ACROSS ALL SECTORS CURRENT KEY PROJECTS For personal use only OFFSHORE PORTS & SUBSEA DEFENCE ENERGY INSHORE • Five-year contract for standby • Final decommissioning phase at • Finalising Groote Eylandt wharf • Ongoing projects with Australian support off the Pilbara coast, WA the No
Slide 6: Outlook & Focus Areas
For personal use only Outlook & Focus Areas 6 Image: CMV Athos
Slide 7: Longer-Term Aspirations
LO N G E R -T E R M A S P I R AT I O N S DELIVERIN G SU STAIN ABLE EARN IN GS GROW T H TO SHAREHOLDERS SUBSTANTIAL For personal use only ADDRESSABLE MARKETS WITH COMPELLING OFFSHORE SUBSEA PORTS & DEFENCE GROWTH DRIVERS INCREASING ENERGY INSHORE RETURN ON ASSETS • Supply demand imbalance within mari
Slide 8: Substantial Addressable Market
S U B STA N T I A L A D D R E S S A B L E M A R K E T COMPELLING GROWTH DRIVERS OFFSHORE For personal use only ENERGY PORTS & Decommissioning Offshore Wind Larger Vessel Market SUBSEA INSHORE DEFENCE • Movement to reduce • Emerging growth • Major new projects: • Ageing assets • Ageing port • Marine
Slide 9: Positive Long-Term Industry Outlook
P O S I T I V E LO N G -T E R M I N D U ST RY O U T LO O K S U P P LY D E M A N D I M B A L A N C E E X P E C T E D T O S U P P O R T R AT E S OSV GLOBAL AHTS 4,000 + BHP OSV RATE INDEX AHTS OSV NEW BUILDING AHTS/AHT For personal use only PSV > 1,000 DWT PSV PSV/Supply UTILISATION CONTRACTING ACTIVI
Slide 10: FY26 Focus Areas
FY26 FOCUS AREAS O P E R AT I O N A L E F F I C I E N CY I N I T I AT I V E S U N D E R WAY For personal use only MARKET MARKET MARGIN OPERATIONAL PENETRATION DEVELOPMENT EXPANSION EXCELLENCE • Accelerate the expertise and • Draw on experience and proven • Generate quality revenue in an • Further re
Slide 11: Positive Outlook
POSITIVE OUTLOOK LEVERAGING LEADING MARKET POSITION AND STRONG DRIVERS It has been a positive start to FY26, with steady activity expected across our markets. For personal use only Tendering remains strong, supported by favourable vessel pricing and utilisation. While near-term economic uncertainty
Slide 12: For personal use only
For personal use only
Slide 13: For personal use only
For personal use only Level 3, 251 St Georges Terrace Perth WA 6000 T +61 8 9424 2300 E investor.relations@bhagwanmarine.com
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