Slide 1: Half Year Results Presentation and Earnings Guidance
Half Year Results Presentation and Earnings Guidance 24 August 2026 Capral Limited (ASX:CAA) 15 Huntingwood Drive, Huntingwood NSW 2148 Approved and authorised by Capral’s Board of Directors
Slide 2: Agenda
Agenda 1 Business Overview 2 1H26 Highlights 3 1H26 Financials 4 Strategy 5 Outlook & Guidance 2
Slide 3: Our business at a glance
Our business at a glance Australia’s leading supplier of aluminium extrusion and rolled products. 6 Plants 8 Extrusion Presses 65,000t Annual extrusion capacity $515 million $730 million 9 Distribution Centres Total Assets Annual Revenue 15 Trade Centres (LTM) Key Markets • Residential and Commercia
Slide 4: Half Year Highlights
Half Year Highlights “A solid first half despite challenging market and supply chain conditions. Materially higher global metal prices drove higher sales revenue on slightly higher volume. Residential market remains subdued and we expect recovery to be gradual. • Strong operating cash generation and
Slide 5: 1H26 Performance Highlights
1H26 Performance Highlights Earnings improvement in challenging market conditions, strong cash generation Volume Revenue Underlying EBIT1,3 Underlying EBITDA1,3 32,500 tonne $373m $16.7m $29.0m 31,100 tonne 1H25 $327m 1H25 $16.1m 1H25 $27.7m 1H25 +4% +14% +4% +5% EBITDA1 NPAT4 EPS4 NTA per share $30
Slide 6: Sales Volume, Channels and Mix
Sales Volume, Channels and Mix Diversified channels and end markets support resilience Volume and market mix Industry exposure - LTM volume Channel to market - volume • 1H26 volume of 32,500t, up 4% on 1H25, with growth 10% 16% primarily from the distribution channel 40% 32% • Industrial 50% of volu
Slide 7: Residential commencements recovering
Residential commencements recovering Capral demand lags by two quarters 2023/2024 - Cycle low • Commencements at cycle lows; Capral volumes impacted through 2024 and into 2025 2025 - Stabilising • Commencements recovered 12% to 179k • Early signs of improvement 2026 - Recovery • Running to 202k; hig
Slide 8: Recent Capral Projects: Residential
Recent Capral Projects: Residential Cala House South West House Gosford Circuit Margaret River, WA South West, WA Sunshine Coast, QLD Fabricator: Busselton Aluminium Fabricator: Busselton Aluminium Fabricator: Elite Glass & Windows Windows Aluminium Builder: Tallwood Custom Built Builder: Phil Kelle
Slide 9: Recent Capral Projects: Commercial
Recent Capral Projects: Commercial Sydney Outlet Village Nicholson Road Station Baiyangbaiyaang Clinic Warwick Farm, NSW METRONET Charlestown, NSW Nicholson, WA Fabricator: Elite Professional Fabricator: PCW Commercial Facade Fabricator: Central Screens Windows Builder: Graph Building Builder: Coron
Slide 10: Industrial sector steady
Industrial sector steady Marine strong, offset by softer transport and infrastructure markets Transport Marine Solar Industrial Construction Manufacturing and Resellers • Market steady; down • Strong growth in • Imports dominate this • Fabricator and cladding General Fabrication • Volume softened fr
Slide 11: Recent Capral Projects: Industrial
Recent Capral Projects: Industrial RDM Constructions BTE Bulk Transport Aussie Play Equipment Sydney Ferry Fleet Early Learning Playground Equipment Goodwood, TAS Hallett Group Side Tipper Smeaton Grange, NSW Dandenong South, VIC 11
Slide 12: Financial Highlights
Financial Highlights “Earnings remain solid despite higher costs, with working capital held flat across the half and continued disciplined cost management” TERTIUS CAMPBELL CFO 12
Slide 13: Metal costs elevated and volatile
Metal costs elevated and volatile LME and regional premiums well above the prior year 1 The regional premium rose sharply, up 22%, and average LME price 17% higher than 1H25 2 Middle East conflict is adding to local freight costs and impacting established aluminium supply lines, increasing premiums
Slide 14: Earnings remain resilient despite higher costs
Earnings remain resilient despite higher costs 1. Sales volume 4.4% higher, with growth mainly from distribution channel $m 1H26 1H25 Var Sales Volume ('000 t) 1 32.5 31.1 +4.4% 2. Revenue up 13.9% on higher global metal prices and improved mix Sales Revenue 2 372.8 327.2 +13.9% 3. Underlying EBIT u
Slide 15: Balance sheet strength underpins capital flexibility
Balance sheet strength underpins capital flexibility $m Jun 26 Dec 25 Var Net assets above $250m; $62m Current Assets net cash Inventory 1 171.9 175.5 (3.6) Trade and Other Receivables 2 118.5 90.6 +27.9 1 Inventory down $3.6m, reflecting disciplined stock management and shipping delays Cash and Equ
Slide 16: Cash generation strong
Cash generation strong Operating cash flow $28.2m; $m 1H26 1H25 Var working capital held flat EBITDA¹ 30.3 26.8 3.5 Working Capital 1.0 (16.1) 17.1 1 Operating cash flow of $28.2m, up significantly from $7.8m in the prior corresponding period, as working capital was Finance Cost (3.1) (3.0) (0.1) br
Slide 17: Returning surplus capital while preserving flexibility
Returning surplus capital while preserving flexibility Buy-backs executed below NTA; disciplined capital allocation 1 Distributions — disciplined framework targeting 40–60% of underlying EPS, balancing on-market buy-backs and unfranked dividends 2 Buy-back — 307,173 shares bought back in 1H26 at an
Slide 18: Strategy and Outlook
Strategy and Outlook “We remain focused on increasing returns on invested capital, strengthening our competitive position, and growing our distribution footprint while navigating changing market conditions” TONY DRAGICEVICH CEO & MANAGING DIRECTOR 18
Slide 19: Clearly Defined Strategy
Clearly Defined Strategy Build, Optimise and Grow GROW for the future • Leverage our capabilities into new opportunities • Develop new products and channels OPTIMISE what we do to market • Continually improve key customer • Enhance presence in architectural service metrics markets • Drive lean manuf
Slide 20: Productivity, new markets and customer added value
Productivity, new markets and customer added value Lift productivity and defend market share while positioning for recovery Manufacturing Distribution Sales and Marketing • Drive productivity and metal recovery • Continue to develop Capral’s window and • Technology investment — customer improvements
Slide 21: Anti-dumping measures assist fair competition
Anti-dumping measures assist fair competition Imports remain our largest competitor Global Context China Malaysia & Vietnam Other • US tariffs have no direct • Measures extended for five • Measures continued for a • Windows and doors case impact years to 2030 following further five years to 2031 pro
Slide 22: ESG Framework
ESG Framework Sustainability embedded in strategy and operations 3.1 TRIFR (rolling 12 months) 5.9 at Jun 25; 3.6 at Dec 25 EPDs LocAl-SG declaration approved certified lower-carbon range Only ASI-certified extruder in Australia Performance and Chain of Custody 1H26 Highlights Three Pillars of Susta
Slide 23: Outlook and Guidance
Outlook and Guidance Market Conditions • Residential construction forecast1 to lift demand 2H26 as commencements flow through • Industrial demand softened from recent highs; expected to remain broadly stable • Aluminium LME2 and premiums expected to remain volatile and at elevated levels Operational
Slide 24: Questions & Appendix
Questions & Appendix Thank you for your time
Slide 25: Appendix - Statutory to underlying reconciliation
Appendix - Statutory to underlying reconciliation $m 1H26 1H25 Var Net Profit After Tax 15.9 15.3 0.6 Tax (Benefit) / Charge – (2.5) 2.5 Net Profit Before Tax 15.9 12.8 3.1 Add: Finance Costs 2.1 2.4 (0.3) Add: Depreciation and Amortisation 12.3 11.6 0.7 1 EBITDA 30.3 26.8 3.5 2 Add: Significant Ite
Slide 26: Strategic National Footprint
Strategic National Footprint Capral has a national footprint with a presence in every state and extrusion plants near five mainland capital cities Manufacturing Plants Regional Distribution and 26 Darwin Aluminium Centres 5 BREMER PARK Capacity 23k tonnes QUEENSLAND VICTORIA 3 presses 1 Cairns AC 15