21 slides from Matrix Composites & Engineering's earnings presentation, Aug 27, 2025
Slide 1: 2025 Full Year Results Presentation
2025 FULL YEAR RESULTS PRESENTATION AARON BEGLEY – CEO BRENDAN COCKS – CFO 27 August 2025 MATRIXENGINEERED.COM WWW.MATRIXENGINEERED.COM
Slide 2: Disclaimer
DISCLAIMER Important information: The following notice and disclaimer applies to this investor presentation issued by Matrix Composites & Engineering Ltd (the Company). You are advised to read these disclaimers carefully before reading or making any other use of this presentation or information cont
Slide 3: Our Business
THE POWER OF ADVANCED MATERIALS THE POWER OF ADVANCED MATERIALS OUR OUR BUSINESS BUSINESS Matrix designs, engineers and manufactures engineered products from composite and advanced materials to: • Deliver engineered product solutions to the subsea industry • Protect key infrastructure with corrosion
Slide 4: FY25 Overview
FY25 OVERVIEW $85.0m Annual Revenue • Revenue $74.8m, underpinned by Subsea Buoyancy demand. $74.8m • Record year for SURF 1, increasing market share. $47.2m • Recent new SURF awards ~$45m in July drive momentum for $28.6m FY26, with Subsea order book at ~$57m. $17.4m • Drilling sector seeing some d
Slide 5: FY25 Financial Results
FY25 FINANCIAL RESULTS CFO – BRENDAN COCKS 5
Slide 6: Key Financial Metrics - FY25
KEY FINANCIAL METRICS - FY25 Revenue Underlying EBITDA 1 • Revenue momentum driven by subsea contract awards $74.8m $5.0m Total Revenue ($m) 58.3 39.4 6.7% margin 35.4 35.4 26.7 EBITDA Net Loss After Tax 11.8 $7.8m ($2.2m) 1H FY23 2H FY23 1H FY24 2H FY24 1H FY25 2H FY25 • Momentum last 18 months, re
Slide 7: Balance Sheet
BALANCE SHEET • Balance sheet stable, supporting opportunity pipeline. $m 30 Jun 25 30 Jun 24 • Solid cash on hand plus net working capital at ~ $36m. Cash and Term Deposits 18.3 23.3 Trade and other receivables 17.8 26.1 • Net cash balance lower, principally on working capital / Inventory 9.2 8.7 p
Slide 8: Cash Flow From Operations
CASH FLOW FROM OPERATIONS 15.0 8.3 • Operating cash flow generation relatively (0.5) Neutral on lower EBITDA. (0.5) 10.0 • Monetisation of receivables driven by contract timing and milestones. 5.0 • Utilisation of advanced customer 5.0 payments, cash from prior year Sm (10.0) • Other outflows largel
Slide 9: Matrix Business Growth And Outlook
MATRIX BUSINESS GROWTH AND OUTLOOK CEO – AARON BEGLEY 9
Slide 10: Three Business Pillars
THREE BUSINESS PILLARS CORE TRADITIONAL EMERGING CORROSION ADVANCED SUBSEA TECHNOLOGIES MATERIALS Engineered products for: Distributer for Australia, New Advanced composite material • Subsea Production (SURF) Zealand and PNG for: solutions for Renewables / • Humidur FP Anti Corrosion Defence / Resou
Slide 11: Expanding Our Subsea Product Portfolio: Beyond Buoyancy
EXPANDING OUR SUBSEA PRODUCT PORTFOLIO: BEYOND BUOYANCY BUOYANCY PROTECTION VIV INSTALLATION LARGE SUPPORT SUPPRESSION & DECOM STRUCTURES SERVICES Distributed buoyancy Bend restrictors, Matrix LGS, Helical Installation and Large floating Hyperbaric testing, modules, clamping Marine Shield strakes de
Slide 12: Subsea Production (SURF) Momentum Building
MOMENTUM BUILDING SUBSEA PRODUCTION (SURF) Already MATRIX STRENGTHENING MARKET POSITION Matrix SURF Revenue ~$57m Secured • FY23 turning point for Matrix presence in global SURF Market, $80 +$160m secured since August 22. $60 $ million • Continue to build on successful track record, now more than $4
Slide 13: Drilling Market Industry Recovery Has Tempered
INDUSTRY RECOVERY HAS TEMPERED DRILLING MARKET INDUSTRY LEADER • +$1B of syntactic foam buoyancy delivered by Matrix to the drilling sector in last 15 years. • Global fleet of ~200 Rigs and Drill ships, with ~$2B of Buoyancy. • Large installed fleet supports demand for replacements and upgrades. DRI
Slide 14: Supporting Energy Transition
PRODUCT GROWTH OPPORTUNITIES SUPPORTING ENERGY TRANSITION OFFSHORE WIND • Significant global and APAC growth projected for offshore wind to 2030. • Matrix product solutions include mooring buoyancy, power cable buoyancy, VIV suppression, cable protection. FLOATING WIND LARGEST OPPORTUNITY • Leverage
Slide 15: Advanced Materials Emerging Market Space
EMERGING MARKET SPACE ADVANCED MATERIALS • Design and Manufacture of Engineered Polymers • Steel replacement and advanced composites applications • Syntactic foam for Unmanned Underwater Vehicles (UUV) • Targeting opportunities in large, established markets with growth drivers • Energy, Mining and I
Slide 16: Advanced Materials - Energy
ADVANCED MATERIALS - ENERGY • Established market presence and customer relationships • Since inception in 2013 Matrix has sold approximately 450,000 centralisers - over $50m in sales • Matrix offers a wide number of sizes with investment in tooling library complete • Centraliser opportunities growin
Slide 17: Advanced Materials - Mining
INCREASING FOCUS ADVANCED MATERIALS - MINING • Building dedicated BD team. • Rio Tinto structural product, upcoming field deployment. • Engaging with local resource companies to identify new opportunities. • Focus on engineered plastics and wear products. KEY CLIENTS
Slide 18: Advanced Materials - Defence
ADVANCED MATERIALS - DEFENCE WESTERN AUSTRALIAN ENGINEERING & DEFENCE HUB Matrix Strategically Positioned Matrix Australian Marine Complex in rapidly growing sector Civmec ASC • Matrix - DISP member and part of BAE Systems Australian Marine Complex Echo Marine Group • Already supplying advanced mate
Slide 19: Corrosion Technologies Technology Solutions
EXTENDING INTO ENERGY AND RESOURCES MARKETS CORROSION TECHNOLOGIES TECHNOLOGY SOLUTIONS • Humidur® Coatings • Composite repairs • Equipment hire • Rotolining: Thermoplastic lining LOCAL RESOURCES SECTOR Matrix Composites & Engineering • LNG • Brownfield developments • Operational maintenance PROGRES
Slide 20: FY26 Growth Outlook
THE POWER OF ADVANCED MATERIALS FY26 GROWTH OUTLOOK • Strong base of ~$57m secured revenue for FY26 already in place from Subsea business alone (vs $33m at beginning of FY25). • Near term subsea market opportunities remain, including new awards under current negotiation to add to FY26 order book. •
Slide 21: Contact
CONTACT AARON BEGLEY CHIEF EXECUTIVE OFFICER T: +61 8 9412 1200 E: aaron.begley@matrixengineered.com BRENDAN COCKS CHIEF FINANCIAL OFFICER T: +61 8 9412 1200 | E: brendan.cocks@matrixengineered.com MATRIXENGINEERED.COM WWW.MATRIXENGINEERED.COM