Tasmea Limited · ASX:TEA
Tasmea — Morgans Investor Conference 2025
21 slides from Tasmea's conference presentation, Oct 22, 2025
Slide 1: ASX Announcement: Morgans Investor Conference Presentation
ASX Announcement ASX: TEA 22 October 2025 Tasmea Limited – Morgans Investor Conference Presentation Tasmea Limited (ASX: TEA) provides the attached presentation, delivered by Managing Director Stephen Young and Executive Directors Mark Vartuli, Jason Pryde and Trent Northover at the Morgans Investor
Slide 2: Morgans Conference 2025
For personal use only TASMEA LIMITED Morgans Conference 2025 OCTOBER 2025
Slide 3: Highly compelling investment thesis
Highly compelling investment thesis For personal use only 1. STRONG MARKET 2. CASH FLOW 3. CONTINUING & CONSISTENT 4. STRONG ORGANIC GROWTH & OUTLOOK & GUIDANCE GENERATIVE & LEADING MARGINS NPAT, EPS & DPS GROWTH ACQUISITION PIPELINE Record order book of $600m to be Industry leading margins (forecas
Slide 4: Strategy: twin-pillar strategy
Strategy We remain focused on executing our twin-pillar strategy For personal use only Organic Growth 15% YoY growth Deep, recurring Service Strong financial Geographic and target customer expansion & discipline industry relationships cross-selling expansion Supported by disciplined Secure
Slide 5: FY25 Highlights
FY25 Highlights Revenue (Statutory) EBIT (Statutory) $547.9m $74.4m For personal use only 37% 60% Pro-forma Revenue of $620.8m, +52% Pro-forma EBIT of $93.2m, +70% EBIT Margin % NPAT (Statutory) 13.6% $53.1m 200bps EBIT margin improvement 74% Pro-forma EBIT margin of 15.0% Exceeded FY25 NPAT guidanc
Slide 6: Strong & consistent earnings growth
Strong & consistent earnings growth Tasmea has grown its PRO-FORMA EBIT PRO-FORMA NPAT earnings whilst improving 93 63 For personal use only margins on a Pro-Forma 33% 36% and Statutory basis CAGR CAGR 55 37 43 28 35 23 30 18 KEY HIGHLIGHTS 13.9% 11.8% 11.7% 13.5% 15.0% 8.5% 7.9% 7.7% 9.1% 10.1% Pro
Slide 7: Margins: Specialist, durable & high-quality (how we deliver)
Margins: Specialist, durable & high-quality Tasmea’s pro-forma EBIT margin improved c.150bps to 15% in FY25 For personal use only How we Deliver high margins Specialist Trade Skilled Services Tasmea’s remote, specialist capability means our highly qualified employees are able to Deliver signific
Slide 8: Margins: Specialist, durable & high-quality (how we protect)
Margins: Specialist, durable & high-quality Tasmea’s pro-forma EBIT margin improved c.150bps to 15% in FY25 For personal use only How we Protect our margins Blue-Chip, Repeat Customers: ~94% of our work is from repeat customers – we have embedded relationships with our customers & deep knowledge
Slide 9: Diverse & high recurring revenue base
Diverse & high recurring revenue base • ~94% of our work is from Blue-Chip repeat customers, supported by Tasmea’s expanding portfolio of MSAs / FMAs, increasing from 41 at IPO to now >70 • Long-term customer retention driven by our strong performance & safety track record, deep customer relationshi
Slide 10: Revenue synergy realisation strategy
Revenue synergy realisation strategy Tasmea subsidiaries are increasingly generating cross-sell revenue synergy opportunities with its growing portfolio of specialist service providers For personal use only Recent Cross-Selling Examples Increasing • SPS introduced to key customers of Tasman New N
Slide 11: Positioned to fund growth
Positioned to fund growth $43m Fully Underwritten Institutional Placement Completed in Sep-25, bringing net leverage to <1.0x Net Debt to Pro-forma EBITDA For personal use only Strong support from existing and new investors Underwritten placement strongly supported by new and existing institutional
Slide 12: Outlook & momentum in growth strategy
Outlook & momentum in growth strategy For personal use only FY26 guidance Track record of STATUTORY EBIT GROWTH ORGANIC VS ACQUISITION re-confirmed organic growth $110m EBIT and $70m NPAT +32% growth +33% organic EBIT CAGR since FY22 to FY25 15.4% • Pipeline remains strong with earnings visibility •
Slide 13: Founder-led, shareholder-management aligned
Founder-led, shareholder-management aligned Tasmea is lead by its founder Directors who collectively own more than 60% of Tasmea. Strategically aligned senior management team with ~100 employees identified to participate in long-term For personal use only incentive plans (LTI) and focused on deliver
Slide 14: Q&A
Q&A For personal use only 13 2025 INVESTOR PRESENTATION
Slide 15: Appendices
Appendices Tasmea Subsidiaries For personal use only Market Outlook Electrification Tailwinds Capital Management Framework Investor Priorities Disclaimer 14 2025 INVESTOR PRESENTATION
Slide 16: Tasmea Subsidiaries
Tasmea Subsidiaries ELECTRICAL For personal use only 17 yrs 24 yrs 12 yrs 3 yrs 20+ yrs 18 yrs 9 yrs 51% Indigenous Owned MECHANICAL 49% 9 yrs 28 yrs 8 yrs 11 yrs 15 yrs 9 yrs Tasmea Owned Offers services across all four key streams CIVIL Yrs: Denotes CEO/GM years of service in the 11 yrs 3 yrs 1 yr
Slide 17: Market outlook
Market outlook Iron Ore production in Australia (mt)1 1,200 1,100 Volumes rising 1,000 900 For personal use only Iron ore, copper, gold output rising to FY27 1, pushing more tonnes through 800 brownfield plant. FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 • Iron ore: Volumes up while prices ease → a
Slide 18: Electrification tailwinds
Electrification tailwinds Capacity, National Energy Market (GW, FY20 to FY50)1 300 Historical >200% Grid transition paves sustained delivery runway growth 200 forecast For personal use only Transmission, distribution and storage infrastructure needed 100 • ~5,000 km new/upgrade transmission lines ov
Slide 19: Disciplined Capital Management Framework
Disciplined Capital Management Framework Tasmea operates under a strict capital management framework to deliver growth and shareholder returns For personal use only Operating Free Balance Sheet Shareholder Cash generating Organic Growth Cash Flow Cash Flow Strength Returns Excess Cash Disciplined Ca
Slide 20: Investor priorities
Investor priorities Strong FY26 guidance of $70m Statutory NPAT, ~32% NPAT growth YoY Twin pillar strategy of growing earnings organically & via programmatic acquisitions: 1 Increasing (i) keeping what we have, building market share, increasing cross-selling & providing new services to existing
Slide 21: Important notice
Important notice • This document has been prepared by Tasmea Limited (ABN 22 088 588 425) (“Tasmea” or “the Company”). No other party other than Tasmea has authorised or caused the issue of this document, or takes responsibility for, or makes any statements, representations or undertakings in this d