Slide 1: FY2025 Full Year Results
FY2025 Full Year Results 29 August 2025 For personal use only Paddy Gregg Chief Executive Officer Christian Johnstone Chief Financial Officer 1
Slide 2: Austal 'at a glance'
Austal ‘at a glance’ A growing defence prime contractor, delivering for the defence maritime and commercial sectors $1.8B $113.4m $13.1B 4,479 5 Shipyards in 4 FY25 revenue FY25 EBIT Current Employees countries Order Book (incl. options) For personal use only 7 Ships Ordered 49 73 8 Service Centres
Slide 3: Key Locations
Key Locations A global operational footprint to meet the build and servicing requirements of customers Shipyard locations Location Land Area (M2) Ship Platforms LCS, EPF, MMF, OPC,T- Mobile, USA 467,000 ATS, LCU T-AGOS Patrol Boats and Landing Henderson, Australia 78,344 Craft Naval Base, Australia
Slide 4: FY25 Highlights
FY25 Highlights A strong business performance with year-on-year improvement and foundation laid for growth Order Book Operating Revenue EBIT EBIT Margin NPAT EPS Net Cash (incl. options) Cashflow A$1.8bn A$13.1bn A$113.4m 6.2% A$89.7m 23.6cps A$406.3m A$453.1m ▲24.1% ▲ 2.9% ▲ 100.8% ▲240 bps ▲ 503.2
Slide 5: FY2025 - The Year That Was
FY2025 - THE YEAR THAT WAS JULY ‘24 AUGUST SEPTEMBER OCTOBER • Awarded contract for wind-powered 66 • Resolution of US Regulatory • Austal Board changes • MMF3 Ground-breaking metre trimaran for VELA Investigation • Contract to invest US$150m in US • Delivery 8th ECCPB • Delivery 20th Guardian Class
Slide 6: Detailed United States pipeline
Detailed United States pipeline Long dated visible forward pipeline 25% CAGR over the last 5 years with A$13.1bn Order Book (as at 30 June 2025) AUSTAL USA (A$m, approx. rounded) # Contracted Options Start - Key Contracts Client Total $ FY2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Ships
Slide 7: Detailed Australian pipeline
Detailed Australian pipeline Strategic Shipbuilding Agreement pivotal to transformation of AUS pipeline AUSTAL Australia (A$m, approx. rounded) # Contracted Options Start - Key Contracts Client Total $ FY2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Ships $ $ Finish Guardian Class Patrol Co
Slide 8: Financial Highlights
Financial Highlights For personal use only 8
Slide 9: FY25 Performance
FY25 Performance All key financial metrics improved Key Financials Key Commentary A$m FY25 FY24 % change # Detailed commentary • Driven by ramp up of USA new shipbuilding programs Revenue 1,823.3 1,468.9 24.1% 1 1 • See slide 10 for additional commentary EBITDA 186.5 123.7 50.7% • Driven by Australa
Slide 10: Group Revenue Movement
Group Revenue Movement New programs coming on-line across the group contributing as previously forecast Revenue bridge (A$m) $20 $6 $1,823 $41 $94 $229 $(35) $1,469 1 2 3 4 5 6 FY2024 USA USA Australasia Australasia FX Consolidation FY2025 Ship Building Support Ship Building Support Translation & El
Slide 11: Group EBIT Movement
Group EBIT Movement As forecast, FY24 drag from Australasia reversed and turned profitable EBIT bridge (A$m) $2 $1 $4 $113 $46 $56 $(4) $7 1 2 3 4 5 6 FY2024 USA USA Australasia Australasia FX Corporate FY2025 Ship Building Support Ship Building Support Translation YoY Movement ▼[15.1]% ▲12.5% ▲205.
Slide 12: Segment Breakdown
Segment Breakdown Business performing in desired EBIT margin range. Revenue 97% defence, 3% commercial. FY25 by business segment Illustrative revenue split Support & FY2025, A$m Shipbuilding Total FY24 FY25 Technology 32% 26% Revenue 1,346.4 476.9 1,823.3 EBIT 45.3 88.7 134.0 68% 74% EBIT margin (%)
Slide 13: Balance sheet
Balance sheet Strengthened balance sheet with net assets increase of 30% Summary balance sheet Key Commentary A$m, 30-Jun YE FY25 FY24 % change # Detailed commentary Cash & cash 1 1 • MMF3 (submarine manufacturing facility) net incentive 583.9 173.5 236.5% equivalents receipts of US$200 m Inventory
Slide 14: Group Cash Movement
Group Cash Movement Significantly improved cash position underpinned by MMF3 and capital raise Cash bridge (A$m) $406 $(40) $(3) $215 $584 $(146) $(9) $(12) $174 1 2 3 4 5 6 FY2024 Net cashflow from Debt increase / Sustaining capex Enhancing capex Debt facility fees Lease principal Issue of Shares F
Slide 15: Business Overview
For personal use only Business Overview 15
Slide 16: Operational Highlights: United States
Operational Highlights: United States Strong delivery on contracts and significant expansion milestones achieved in FY25 • Strong performance on existing build contracts • LCS - delivery of future USS Pierre LCS 38 (19th and last) • EPF – delivery of USNS Point Loma (EPF 15) • T-ATS – launch of firs
Slide 17: Expanding Shipbuilding Facilities
Final Assembly 2 Expanding Shipbuilding - Up to US$300m Module Manufacture 3 Mobile, AL Shipyard US$450m Submarine Industrial Base US$152m For personal use only • Investing in facilities for current and future shipbuilding programmes and additional submarine module capacity • Austal has received a l
Slide 18: Strategic Shipbuilding Agreement (SSA)
Strategic Shipbuilding Agreement (SSA) Landmark agreement, securing Austal’s role as the Commonwealth’s strategic shipbuilder SSA Landing Craft Programs • Defining moment for Austal; establishes Austal Defence Australia as the Commonwealth of Australia’s strategic shipbuilder for surface combatant v
Slide 19: Operational Highlights: Australia – Defence
Operational Highlights: Australia – Defence Continued delivery on existing defence contracts with a strong order book of future work • Line-of-sight progress toward new contracts for 18 x Landing Craft Medium (LC-M) and 8 x Landing Craft Heavy (LC-H); and working towards 8 x General Purpose Frigates
Slide 20: Operational Highlights: Australasia – Commercial
Operational Highlights: Australasia – Commercial Vessel orders secured reversing FY24 financial drag, with green technology growing • FY25 saw new contracts, a record delivery and vessels under construction at the Asian shipyards: • Austal Philippines • delivered the 32-metre Ocean Master catamaran
Slide 21: Through Life Support & Sustainment
Through Life Support & Sustainment Support and sustainment work provides stable, recurring revenue streams Target $500m revenue by FY27 – we are tracking well against this Support and sustainment revenue, $m Continued growth in support and sustainment revenue supported by: $500 467 477 • Addressable
Slide 22: Austal Technology
Austal Technology A strong focus on technology development and innovation for future growth • Austal accelerated an in-house technology development Key technology offerings program in FY25, expected to drive cost efficiencies and MARINELINK Prime additional market opportunities Austal’s next-gen ver
Slide 23: Outlook
For personal use only Outlook 23
Slide 24: Strategic Outlook
Strategic Outlook Key growth pillars and increased defence expenditure to drive positive momentum in medium-term 1 2 3 Revenue and Earnings Growth Order Book Growth Continued Investment in Modern Underlying business performance ahead Austal’s order book of $13.1bn has grown Facilities with Scope for
Slide 25: Glossary
Glossary AFDM Auxiliary Floating Dock Module LCU Landing Craft Utility CCPB Cape Class Patrol Boat LUSV Large Unmanned Surface Vessel DDG(X) Next Generation Guided Missile Destroyer MMF3 Module Manufacturing Facility #3 (for submarine modules) ECCPB Evolved Cape Class Patrol Boat NGLS Next Generatio
Slide 26: Disclaimer
Disclaimer This presentation and any oral presentation accompanying it has been prepared by Austal Limited (“Austal”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in Austal or as an inducement to make an offer or invitation with respect to those
Slide 27: Further Information
Further Information Paddy Gregg, Chief Executive Officer Telephone: +61 8 9410 1111 ASX: ASB www.austal.com For personal use only Company Timeline 1988 2011 2023 2025 Perth, Western Australia Balamban, Philippines Alabama, Mobile Australia Commenced operations Commercial shipbuilding facility T-AGOS