Bsa Limited · ASX:BSA
Bsa — Merger or Acquisition (October 2026)
32 slides from Bsa's merger presentation, Oct 28, 2026
Slide 1: Retraction & Replacement Announcement: BSA & Eonetics Investor Presentation
Suite 1401, Level 14 821 Pacific Highway Chatswood NSW 2067 P: 02 8748 2400 F: 02 8748 2577 www.bsa.com.au For personal use only 28 October 2026 Retraction & Replacement Announcement: BSA & Eonetics - Investor Presentation On 21 October 2026, BSA Limited (‘BSA’ or the ‘Company’) released an announce
Slide 2: Investor Presentation October 2026
October 2026 rsonal use only Investor Presentation WWW.BSA.COM.AU
Slide 3: Proposed acquisition of Eonetics
Proposed acquisition of Eonetics Combining national infrastructure delivery with proprietary aerial technology Consideration 100% comprises BSA No capital raising shares, options rsonal use only of Eonetics’ issued share capital to be acquired and performance BSA’s cash balance remains strong with ~
Slide 4: Shareholder Information
Shareholder Information MARKET PRO FORMA MARKET INDICATIVE INCREASE CAPITALISATION CAPITALISATION rsonal use only ~$20m * ~$33m* ~66% Pre-transaction Upon completion Subject to rounding Ownership profile Strong alignment through meaningful Board and Executive ownership 28% 50% 22% 28% 50% 22% Board
Slide 5: BSA Limited
October 2026 rsonal use only WWW.BSA.COM.AU
Slide 6: Board & Executive Leadership
Board & Executive Leadership rsonal use only David Geraghty Daniel Raihani Piers Lewis Non-Executive Chair Non-Executive Director Non-Executive Director Sasho Kacevski Nanda Herling Chief Executive Officer Chief Financial Officer
Slide 7: Who we are
Our vision is to be our clients’ indispensable partner for the design, delivery and management of innovative asset solutions . 28+ years Trusted Industry Who we are Experience rsonal use only One partner. End-to-end capability. Nationwide delivery. BSA provides integrated infrastructure solutions ac
Slide 8: Comprehensive technical services contracting company
BSA is a comprehensive technical services contracting company. Our depth of service covers full lifecycle management across all projects rsonal use only SAED Build Install Operate & Maintain With over 20 years' experience in Bringing together decades of BSA delivers large-scale installation and BSA
Slide 9: Safety, Quality & Compliance
Safety, Quality & Compliance Safety, quality and compliance are embedded in every aspect of BSA's rsonal use only operations. Our systems, processes and governance framework support the safe, reliable and compliant delivery of critical infrastructure services across Australia. Through accredited man
Slide 10: Trusted Relationships
Trusted Relationships The strength of our client relationships is built on trust, collaboration and a shared commitment to success rsonal use only 1998-2003 2004-2013 2014-2019 2020-2022 2023-2026 Acquired: Triple M Mechanical Services, Divested: Acquired: BSA publicly listed Allstaff Airconditionin
Slide 11: SAED: Site Acquisition, Environment & Design
SAED Site Acquisition, Environment & Design We are a team of highly qualified telecommunications project rsonal use only managers and project delivery specialists. We have a strong track record of successful SAED delivery for customers across the telecommunications and other industries. Key capabili
Slide 12: Build
Build BSA’s Build and Construction Services team provide industry leading rsonal use only services to the telecommunications, structural, civil, EV charging and gas industries. We bring decades of experience to customers and strive for excellence through high quality, complaint and timely outcomes f
Slide 13: Install
Install Working across both residential and commercial premises, BSA rsonal use only specialises in fixed line communications, pay TV – Cable and satellite and electricity smart meters solutions, we have installed and maintained a vast majority of Australia’s key connectivity infrastructure. Key Cap
Slide 14: Operate & Maintain
Operate & Maintain BSA has extensive experience operating and maintaining critical rsonal use only telecommunications and utility infrastructure across Australia. Through our national field workforce, operational support centres and technology-enabled work-order management platforms, we deliver plan
Slide 15: Eonetics
October 2026 rsonal use only * WWW.EONETICS.COM * Formerly XM2 Earth Pty Ltd
Slide 16: Rethink, Reinvent, Realise
rsonal use only RETHINK, REINVENT, REALISE. How to solve critical infrastructure gaps where traditional drones and fixed systems fail? Completion of BSA’s proposed acquisition of Eonetics remains subject to the satisfaction (or waiver, PROPRIETARY TETHERED DRONE PLATFORM as permitted) of certain con
Slide 17: The Problem
THE PROBLEM: rsonal use only CURRENTLY, NO SOLUTION RELIABLY DELIVERS A HEAVY PAYLOAD, CONTINUOUS MULTI-DAY FLIGHT TIME, UP TO 8 FIBRE CORES AND SUFFICIENTLY POWERED TETHERED DEPLOYMENT Flight time for a traditional drone is 20-40 min, with limited payload capacity and no persistent connectivity. Fi
Slide 18: The Idea
THE IDEA: rsonal use only DESIGN & BUILD A CATEGORY – DEFINING, TETHERED, DRONE PLATFORM DELIVERING PERSISTENT, AERIAL INFRUSTRUCTURE THAT CAN BE USED ACROSS: • TELECOMMUNICATIONS • LAW ENFORCEMENT • SEARCH & RESCUE • PUBLIC SAFETY • DEFENCE Completion of BSA’s proposed acquisition of Eonetics remai
Slide 19: Market Leading Tethered Drone Platform
MARKET LEADING TETHERED DRONE PLATFORM: rsonal use only Portable tower for communications, sensing, surveillance & lighting Unlike conventional drones, tethered drone platforms receive continuous power and high-speed fibre connectivity from the ground, enabling persistent aerial operations EON TETHE
Slide 20: Eonetics Executive Team
EONETICS EXECUTIVE TEAM JONATHAN HOMICH rsonal use only Chief Executive Officer Jon has served as CEO of Eonetics (formerly XM2 Earth Pty Ltd) since January 2023. He has 20+ years experience in executive roles with growing companies in finance, real estate and technology. He is known for hands-on le
Slide 21: Fastest way to restore a temporary mobile network
Q: WHAT IS THE FASTEST WAY TO RESTORE A TEMPORARY MOBILE NETWORK AFTER A rsonal use only DISASTER, WHEN UNDERTAKING NETWORK UPGRADES OR MAINTENANCE? A: DEPLOY TELECOMMUNICATIONS IN MINUTES USING A PORTABLE TOWER - STANDBY TETHERED DRONE, DELIVERING TIME CRITICAL SERVICES. Completion of BSA’s propose
Slide 22: Disaster Response: Case Study
DISASTER RESPONSE: CASE STUDY 1 Verizon’s response to Hurricane Ian (2022) in Rapidly restore communications and situational awareness when Florida: Eonetics tether drones, equipped with fixed infrastructure is damaged, unavailable or overwhelmed. mobile-network network antennae payloads, helped rso
Slide 23: Mission Critical Communications: Case Study
MISSION CRITICAL CASE STUDY 2 COMMUNICATIONS: Eonetics partnered with Palau National Communications Corporation (PNCC) and Nokia to Eonetics proprietary tether drone technology showcases the support Palau’s first 5G phone call, made by rsonal use only potential of rapidly deployable 5G coverage Pres
Slide 24: Defence ISR & Tactical Systems: Case Study
DEFENCE ISR & TACTICAL CASE STUDY 3 SYSTEMS: Defence technology companies and sensor developers use Eonetics tethered drone platforms as Variable Height Antennae (VHA), radar, counter-UAS and Variable Height Antennas (VHA), and platforms for integrated airborne sensing capabilities rsonal use only r
Slide 25: Lighting & AI: More Use Cases
LIGHTING & AI: MORE USER CASES Powerful temporary lighting extends productive construction into Powerful temporary lighting extends productive the night – supported by AI construction into the night with safer, more consistent visibility. Improving sightlines for plant rsonal use only operators, and
Slide 26: The Bigger Picture
rsonal use only THE BIGGER PICTURE DEFENCE EVENTS MINING & AGRICULTURE SEARCH & RESCUE Completion of BSA’s proposed acquisition of Eonetics remains subject to the satisfaction (or waiver, as permitted) Subject toofASX certain conditions precedent & Shareholder Approval (including shareholder approva
Slide 27: Global Footprint: Key Customers & Partners
Global Footprint Eonetics Key Customers & Partners rsonal use only Completion of BSA’s proposed acquisition of Eonetics remains subject to the satisfaction (or waiver, as permitted) of certain conditions precedent (including shareholder approval).
Slide 28: Synergies
rsonal use only Synergies Top 3 Completion of BSA’s proposed acquisition of Eonetics remains subject to the satisfaction (or waiver, as permitted) of certain conditions precedent (including shareholder approval).
Slide 29: Synergies Top 3: Instant National Field Service Delivery Network
SYNERGIES – TOP 3: 1. Instant National Field Service Delivery Network BSA's corporate backing (compliance, legal, licensing support) reduces BSA's existing national technician workforce the constraint of expansion, strengthening the case for treating this as a eliminates Eonetics biggest scaling con
Slide 30: Synergies Top 3: Utilities Sector Expansion
SYNERGIES – TOP 3: 2. Utilities Sector Expansion - Disaster Recovery & Grid Resilience Continued BSA's utilities customers operate in a sector highly exposed to storm damage, bushfires, and network outages - precisely the scenario rsonal use only proven in the Verizon Hurricane Ian case study. EON's
Slide 31: Synergies Top 3: Cross-Sell & New Revenue Opportunities
SYNERGIES – TOP 3: 3. Cross-Sell & New Revenue Opportunities Continued BSA's relationship with government adjacent entities combined with its "opening doors" commitment gives Eonetics a credible channel rsonal use only into public sector and defence-adjacent opportunities reinforced by EON's "Defenc
Slide 32: Contact Us
Contact Us Contact Us BSA Head Office Eonetics Head Office rsonal use only Suite 1401, Level 14, Tower B, The Zenith 2/18-20 Edward St, Melbourne VIC 821 Pacific Highway, Chatswood, NSW 2067 (02) 9763 6200 (03) 9568 8458 reception@bsa.com.au hello@eonetics.com www.bsa.com.au www.eonetics.com BSA Hea