Slide 1: FY26 Financial Results Presentation
FY26 Financial Results Presentation August 2026 © The Environmental Group Limited 2026 1
Slide 2: Disclaimer
Disclaimer The Environmental Group Limited advises that these presentation slides contain forward looking statements which may be subject to significant uncertainties outside of EGL’s control. No representation is made as to the accuracy or reliability of forward- looking statements or the assumptio
Slide 3: Agenda
Agenda Our Purpose 01 Overview Engineering a sustainable future. 02 Financial Results Our Mission 03 Operating Units To enable our clients to contribute to a cleaner environment by safely delivering pivotal solutions while generating value for our shareholders, staff, and partner 04 Outlook industri
Slide 4: Overview
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Slide 5: Key Highlights FY26
Key Highlights FY26 • Met revised guidance $112M $8.7M $4.4M • Revenue reflecting the timing of major Revenue Flat on PCP Underlying1 EBITDA down 22.0% on PCP Underlying1 EBIT down 46.2% EGL Baltec customer projects during FY26 Over • ERP operating functionally 419K 5M Ltrs CE & ISO • Strengthened k
Slide 6: Financial Results
02 Financial Results 6
Slide 7: FY26 Earnings Bridge
FY26 Earnings Bridge $11.1m $12.7–13.5m (c.$2.5m) (c.$1.5m) $8.5–9.0m $8.7m FY25 underlying EBITDA Original FY26 guidance EGL Energy impacts EGL Baltec impacts Revised guidance (May 2026) FY26 underlying EBITDA Reported Superseded Identified and addressed Timing and logistics Announced to market Wit
Slide 8: FY26 Financial Results Highlights
FY26 Financial Results Highlights EGL revenue mix over time Most of EGL’s revenue is contracted $M +25.2% recurring CAGR • More than 55% of EGL’s revenue is contracted or recurring in nature. $111.9 $112.0 • Comprises maintenance services contracts, regular $97.8 service work, ad-hoc repairs, spare
Slide 9: Growing recurring revenue base supports earnings resilience
Growing recurring revenue base supports earnings resilience More than 55% of FY26 revenue is contracted or recurring 60% • Recurring revenue comprises maintenance service 58% contracts, regular service work, ad-hoc repairs, spare parts and water processing service charges. 56% 55.3% • Recurring reve
Slide 10: Operating Units
03 Operating Units 10
Slide 11: EGL Energy, Waste Services, Baltec, Clean Air
EGL Energy EGL Waste Services Regulated by Australian standards requiring The waste industry is highly regulated by the EPA all steam boilers to be serviced & inspected to ensure environmental compliance. on mandatory intervals. EGL Baltec EGL Clean Air Driven by both the requirements of the EPA for
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Slide 13: EGL Energy results
1 Revenue FY26 $64.5M FY25 $53.6M EGL Energy offers a service network across Australia Up 20.2% providing 24/7 sales, service, maintenance and repairs of boilers, gas-fired equipment and other original equipment manufacture, optimising energy efficiency. • Revenue increased 20.2% to $64.5m, demonstr
Slide 14: EGL Energy Revenue Mix
EGL Energy Revenue Mix • New boiler sales have been particularly strong in early FY27. • Fulton product sales and service expansion have been very strong for Tomlinson’s in recent months and position the business well for the coming period. ~A$64.5m ~73% recurring • Acquisition of Advanced Boilers &
Slide 15: EGL Energy financial table
Growth FY26 ($M) FY25 FY26 on PCP H1 H2 FY H1 H2 FY FY Revenue Servicing 18.8 21.8 40.6 23.7 23.4 47.1 16.0% Boiler and Equipment 5.7 7.4 13.0 10.5 6.9 17.4 33.4% Sales 24.4 29.2 53.6 34.1 30.3 64.5 20.2% Recurring Revenue 77% 75% 76% 69% 77% 73% Underlying Costs 21.4 24.7 46.0 30.1 27.4 57.5 24.9%
Slide 16: Key Products
Key Products Industrial Steam Boiler Industrial Package Boiler Large Commercial Hot Water Boilers Thermal Oil Heaters Biomass Steam & Hot Vertical Steam Boiler Water Generation 16
Slide 17: Waste Services
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Slide 18: EGL Waste: Building a Scalable PFAS Treatment Platform
1 Revenue FY26 $4.7M FY25 $3.7M EGL Waste: Building a Scalable PFAS Treatment Platform Up 27.7% FY26 was a foundational year for EGL Waste, with management focused on investing in EGL’s patented PFAS treatment technology, expanding R&D, broadening treatment applications and commencing Gross the Grou
Slide 19: Summary
• This expanded capability has the potential to improve Summary beneficial reuse outcomes, reduce volumes requiring landfill or specialist disposal, and significantly reduce disposal costs FY26 has transformed EGL Waste from a for clients. domestic waste solutions business into a • Mobile treatment
Slide 20: EGL Waste financial table
Growth FY26 ($M) FY25 FY26 on PCP H1 H2 FY H1 H2 FY FY Revenue Waste 0.6 1.2 1.8 0.6 2.0 2.5 46.6% PFAS Technology 0.0 1.9 1.9 1.7 0.4 2.2 11.1% Total 0.6 3.1 3.7 2.3 2.4 4.7 27.7% Underlying Costs 0.5 1.5 2.0 1.5 2.1 3.7 85.6% Normalised EBITDA Waste 0.1 0.5 0.6 0.0 0.2 0.2 -65.0% PFAS Technology 0
Slide 21: Key Products
Key Products Municipal Solid Waste Commingled, Mixed Dry Construction & Demolition (MSW) Recycling & Rubber (C&D) Construction & Industrial (C&I) Refuse Derived Fuel (RDF) Waste Balers PFAS Separation Technology Solid Recovered Fuel for Water, Soil & Biosolids (SRF) 21
Slide 22: Baltec
BALTEC
Slide 23: EGL Baltec results
1 Revenue FY26 $26.6M FY25 $35.7M Down 25.5% EGL Baltec provides a range of specialist services to the global gas turbine power industry as it moves to support renewable energy. • Revenue reflected the timing of major customer 2 EBITDA projects during FY26, while profitability remained FY26 $2.9M re
Slide 24: Demand for gas turbines in the USA driven by data centres
• The demand for gas turbines in the USA is unprecedented, driven by data centres seeking to secure their own power generation capacity as electricity demand has increased with the growing adoption of Artificial Intelligence (AI). • This has seen not only record high turbine orders, but turbines bei
Slide 25: EGL Baltec revenue by region
Growth FY26 ($M) FY25 FY26 on PCP H1 H2 FY H1 H2 FY FY Revenue Australia 8.4 8.9 17.4 5.5 2.8 8.3 Asia (incl Middle East) 7.2 2.3 9.5 4.8 3.7 8.5 Europe 2.8 2.2 5.1 1.3 0.2 1.4 Americas 1.2 0.0 1.2 0.8 5.2 6.0 Africa 0.1 2.5 2.6 1.5 0.9 2.4 19.8 15.9 35.7 13.8 12.7 26.6 -25.5% Underlying Costs 17.9
Slide 26: Key Products
Key Products Diverter Damper Inlet Filter Silencer Bypass & HRSG Guillotine Damper Heating & Cooling Exhaust System Systems 26
Slide 27: Clean Air
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Slide 28: EGL Clean Air results
1 Revenue FY26 $18.9M FY25 $19.6M Down 3.9% EGL Clean Air provides engineering, supply, installation, commissioning and ongoing service support for a wide range of Industrial Air Pollution Control Systems. • Revenue of $18.9M was in line with expectations. 2 EBITDA FY26 $1.1M • Gross margin remained
Slide 29: EGL Clean Air reputation and Airtight impairment
• EGL Clean Air maintains a strong reputation in air pollution control, process optimisation and environmental compliance solutions. • An impairment charge was taken relating to Airtight, comprising a non- cash write-down of goodwill and an onerous contract assumed as part of the acquisition. The ma
Slide 30: EGL Clean Air financial table
Growth on FY26 ($M) FY25 FY26 PCP H1 H2 FY H1 H2 FY FY Revenue 9.6 10.0 19.6 9.3 9.6 18.9 -3.9% Underlying Costs 8.8 9.1 17.9 8.9 8.8 17.8 -0.9% Normalised EBITDA 0.8 0.9 1.7 0.4 0.7 1.1 -35.5% EBITDA Margin 8.2% 8.9% 8.6% 4.1% 7.4% 5.8% 30
Slide 31: Key Products
Key Products Dust Suppression Dust & Fume Extraction Wet & Dry Scrubbers Aeromixes & Cyclones Flue Gas Desulphurisation Electrostatic Precipitators 31
Slide 32: Outlook
04 Outlook 32
Slide 33: Outlook
Outlook Normalised EBITDA expected to increase on prior EGL Energy – has had a strong start to the year in 01 comparable period. 05 boiler sales and should see improved EBITDA margins. EGL Waste Services – PFAS treatment plant sales 02 Growth will be driven by improved margins. 06 gaining traction.
Slide 34: Questions
05 Questions 34
Slide 35: Appendix A: Reconciliation of Statutory to underlying results
Reconciliation of Statutory (4E) to underlying results Appendix A FY26 ($M) Statutory 4E Significant Items Underlying Results Revenue 112.0 112.0 Costs of sales (77.7) (77.7) Gross profit 34.3 34.3 Employee expenses (18.2) 1.3 (16.9) Professional fees (1.3) (1.3) Travel expenses (2.3) (2.3) Marketin
Slide 36: Appendix B: Group Cash & Bank Debt Position
Appendix B Group Cash & Bank Debt Position Notes 1. Underlying cash: Net cash from operating activities, excluding relocation, ERP, interest and tax payments $M 1 2. Tax: 10.0 Predominantly relates to payments for prior year 9.5 tax liabilities 8.0 -0.9 3. Investing activities: Predominantly relates
Slide 37: Head Office
HEAD OFFICE Suite 2.01 | Level 2 315 Ferntree Gully Road Mount Waverley Victoria 3149 Disclaimer: Phone: 03 9541 8699 The Environmental Group Limited advises that these presentation slides contain forward looking ABN: 89 000 013 427 statements which may be subject to significant uncertainties outsid