Investor Presentation - 1H FY26

Investor Presentation

1H FY26

ACN 672 407 171

ASX:CVL SGX:P9D

About

• Recently constructed 5,000m2 facility on 50,000m2 of land

• Supports port and process plant maintenance and capital works

  Port Hedland

  NT

  Australian

  listed on ASX & SGX

  $ A$828m

  market cap#

  $ 509,625,000

  WA shares on issue#

  QLD

  Gladstone

• Located on 34,000m2 land, with workshop/offices

• Supports regional maintenance works

  64%

  shares on ASX#

  36%

  shares on SGX#

• Largest heavy engineering facility in Australia

• 200,000m2 land with extensive wharf access

• Throughput capacity of 80,000 tonnes of steel per annum

  Henderson

  (Headquarters)

  # as at 5 February 2026

  SA

  VIC

  NSW

  ACT

  Newcastle

• One of the largest heavy engineering facilities on the east coast

• 227,000m² of land with direct waterfront access

• Throughput capacity of 25,000 tonnes of steel per annum

TAS

1H FY26 Investor Presentation | 2

About

Integrated Services

Our extensive experience and cutting-edge facilities enable us

to deliver safe, high-precision manufacturing services.

• Heavy engineering

• Offsite modular assembly

• Bulk material handling equipment

• OEM material handling equipment

Our multidisciplinary services and construction expertise facilitate fully integrated, turnkey project solutions.

• Module installation

• Structural, mechanical and piping (SMP)

• Electrical, instrumentation and control (EIC)

• Structural concrete works

• Site earthworks

Our state-of-the-art shipbuilding capabilities are contributing to Australia's maritime defence programs.

• Start-to-finish naval shipbuilding

• Final consolidation

• Set to work

• Sea trials

• Integrated logistics support

Our comprehensive services ensure asset longevity through tailored maintenance and upgrade solutions.

• SMPE&I maintenance

• Civil works

• Industrial insulation

• Rope access

• Heat resistant industrial linings

1H FY26 Investor Presentation | 3

Financial

interim dividend

EBITDA

net profit margin

order book (as at 31 December 2025)

net assets (A$1.05 per share)

EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortisation

NPAT: Net Profit After Tax 1H FY26 Investor Presentation | 4

$

revenue

$

NPAT (4.21 Australian cents per share)

$

EBITDA margin

$

cash on hand

$

net cash position

Financial

$

Interim dividend of

2.5 Australian cents to be paid April 2026

Strong cash balance of A$87.6 million as of

31 December 2025

Cash and available banking facilities to support growth

Completed price purchase adjustment relating to Luerssen Australia acquisition

* The price purchase adjustment has resulted in recognition of receivables and payables which are a pass-through treatment under Civmec's Share Sale Deed with NVL.

1H FY26 Investor Presentation | 5

Operations

A$223m

1H FY26 Revenue

Revenue (A$m)

406.9

222.7

1H FY25

1H FY26

Gross Profit and Activity Outlook

The segment delivered a gross profit margin of 10.9%, reflecting the mix of work executed during the period. In line with previous observations, Civmec has seen a recent increase in activity within this segment, which indicates an expected uplift in activity through 2H FY26 and into 1H FY27, supported by recent contract awards and ongoing project momentum.

BHP Port Debottlenecking Project 2 (PDP2)

Civmec will deliver the concrete and earthworks for the installation of a sixth car dumper (CD6) which is also being manufactured by Civmec at its Henderson fabrication facility.

The award of the PDP2 civils package follows the recent award of the steel fabrication package, which consists of ~700t of structural steel modules including one shuttle, four maintenance gates, CD6 enclosure and various other structures, as part of the same package for the greater PDP2 project.

Fortescue Charger Facilities

Civmec has also been awarded a contract for the construction of Light Mobile Equipment and Support Mobile Equipment charger facilities and pit power infrastructure at Fortescue's Eliwana and Flying Fish mine sites.

Maintenance Awards

Building on Civmec's commitment to maintenance as a key growth driver and leveraging our expanded footprint in Port Hedland and Gladstone,

Civmec has continued to secure further maintenance contracts in both regions. These wins reflect increasing demand for Civmec's integrated service capability and reinforce our focus on scaling maintenance solutions across major resource hubs.

1H FY26 Investor Presentation | 6

Operations

A$60m

1H FY26 Revenue

Revenue (A$m)

59.6

28.1

1H FY25

1H FY26

Strong Performance

Civmec has delivered a strong 1H FY26 performance in the energy sector, achieving a gross profit margin of 13.8%, supported by increased revenue and clear positive indicators for the periods ahead. Continued growth in activity levels, strengthening order flow, and margin improvement across key energy projects reinforce the sector's strong outlook moving into 2H FY26 and FY27.

Consistent Delivery

Civmec continues to hold a strong reputation for quality, precision and reliability within the energy sector, consistently delivering complex, large-scale projects for Tier 1 clients such as Woodside and Chevron. Our proven track record across subsea structures, manifolds, jumper spools, and major module fabrication positions us as a trusted partner for current and future energy developments, underpinned by repeat business, long-term agreements, and a significant pipeline of upcoming opportunities.

Trusted Partner

Trusted delivery partner to Woodside, Chevron and major EPCs built on a track record of quality, precision and reliability.

Chevron DE-PMP Modules

Fabrication of the DE-PMP modules for Chevron's Gorgon CO2long-term optimisation project is nearing completion at Civmec's Henderson facility. Delivery of completed modules has now commenced. This achievement represents another important milestone in Civmec's longstanding and trusted relationship with Chevron, built on consistent delivery across multiple major projects.

1H FY26 Investor Presentation | 7

Operations

A$98m

1H FY26 Revenue

Revenue (A$m)

98.1

67.8

1H FY25

1H FY26

Proven Capability

Proven capability in delivering complex, iconic bridge infrastructure, including Australia's longest weathering-steel span, the Molonglo River Bridge, and Perth landmarks such as Matagarup Bridge and the

award-winning Boorloo Bridge, featuring a Civmec-fabricated boomerang pylon and showcasing our ability to manage engineering, fabricate and erect challenging, architecturally significant structures.

Segment Result

Gross margin for the infrastructure, marine and defence segment stood at 12.5% in 1H FY26, reflecting disciplined project delivery across the segment.

Perth Park Project

Civmec, as part of the preferred proponent consortium, has commenced early site works to prepare for full project delivery, even though the full scope award has not yet been finalised. Architectural and engineering activities are already underway within the planning and design phase, with the Alliance Contract expected to expand to full delivery, subject to final approvals.

Inland Rail - Albury to Illabo footbridges

Civmec has been awarded a package of work for the steel fabrication and installation for two new footbridges in Wagga Wagga NSW, the Mothers Bridge at Wagga Wagga Station and the Cassidy footbridge at Cassidy Parade, supporting the Albury to Illabo section of Inland Rail. Fabrication is progressing at our Newcastle facility, reinforcing local manufacturing capability, with onsite construction to occur in stages within a live rail environment.

1H FY26 Investor Presentation | 8

Operations

Civmec Defence Industries (CDI) continues to strengthen Australia's sovereign shipbuilding capability, underpinned by Western Australia's only integrated steel shipyard, located at Henderson.

• With up to A$10-15 billion of anticipated opportunity at Henderson and Fleet Base West, Civmec is strategically positioned to support future defence programs.

• NUSHIP Pilbara, the third Arafura Class Offshore Patrol Vessel and the largest naval ship ever built in Western Australia, was successfully launched at Civmec's Henderson shipyard on 31 October 2025, marking a significant milestone in the development of CDI and Western Australia's sovereign shipbuilding capability.

• NUSHIP Pilbara is now progressing through remaining fit-out and sea trials ahead of delivery later this year, with construction of the remaining Arafura Class vessels (NUSHIP Gippsland, NUSHIP Illawarra and NUSHIP Carpentaria) continuing at Civmec's Henderson facility.

• The OPV project continues to be a central focus for CDI with future opportunities including design support and potential ship upgrades.

  1H FY26 Investor Presentation | 9

  
  
  

  Operations

  OEM Materials Handling

  Civmec is the only Australian company offering a fully integrated balanced machines capability, delivering design, engineering, manufacturing, assembly, construction, maintenance and spares management within its own operations.

  Currently, two materials handling machines are progressing through Civmec's manufacturing and assembly phases, with one of these machines designed by Civmec's in-house engineering team.

  In parallel, three additional machines are advancing through in-house design, reflecting continued utilisation of Civmec's internal design capability.

  Civmec continues to engage in tenders and

  early-stage discussions for further materials handling projects, with ongoing engagement across three additional prospective clients, supporting continued activity within the division.

  Australia's only fully integrated balanced machines capability

  Estimated

  >A$3 billion opportunity pipeline

  5 machines at

  $ different phases of delivery

  1H FY26 Investor Presentation | 10

  
  
  
  
  

  Sustainability

  
  
  

  Community Support & Awards

  In Q2 FY26, Civmec proudly supported a variety of charities, not-for-profits and community groups as a way to give back to the communities in which we operate.

• Raised more than $15,000 for Anglicare in the Central Park Plunge.

• Collected over 570 kg of non-perishable food items for Foodbank WA's Christmas appeal.

• Financial donation to local homelessness not-for-profit St Patrick's Community Support Centre (St Pat's).

• Provided teams of volunteers to assist St Pat's in packing Christmas hampers and serving their annual Christmas lunch.

• Organised the donation of a branded mini bus for the new Parkerville school.

  We also received awards and recognition, including:

• 'BHP Recognition Award' at this year's WAIO Vendor Excellence Awards for our contribution to the BHP car dumper program.

• Civmec's Boorloo Bridge won 'Australasia Project of the Year' in the Engagement Institute's Core Values Awards 2025.

• Boorloo Bridge awarded 'Western Australia Project of the Year' in the Engineers Excellence Awards.

• Boorloo Bridge awarded 'Jonathan Speirs Lighting Award' at the international Footbridge Awards 2025.

1H FY26 Investor Presentation | 11

Outlook

Strong, Diversified Order Book

Civmec's record order book reflects contracted work across energy, resources, infrastructure, marine and defence markets. The portfolio includes a mix of short-and long-term contracts, and recurring scopes of work with established clients, demonstrating the diversified nature of the business.

Attractive Shareholder Returns

Civmec has a demonstrated track record of returning capital to shareholders through consistent fully franked dividends, supported by strong operating cash flows. A substantial franking credit balance enhances the value of distributions for Australian shareholders.

Strong Balance Sheet and Liquidity

The Group maintains a strong balance sheet with meaningful cash reserves and significant undrawn banking facilities positioning the Group for continued growth and delivery. Strong balance sheet empowers Group to fund working capital, dividends and selective growth initiatives.

Real Asset Backing

Civmec's earnings capability is underpinned by a substantial tangible asset base, including strategically located fabrication and waterfront facilities which have allowed it to provide integrated solutions and diversified its revenue streams.

Differentiated, Integrated Operating Model

Civmec's vertically integrated, turnkey delivery model differentiates the Group by enabling greater control over cost, schedule and quality. Diversification across energy, resources, infrastructure, marine and defence reduces reliance on any single sector, while expanded engineering and defence capability positions the business to

participate in long-duration, strategically significant projects. 1H FY26 Investor Presentation | 12

Outlook

Early Contractor Involvement (ECI)

Civmec has experienced increased early contractor engagement activity across multiple segments, with ECI and similar models typically applied to larger and more complex scopes of work. The recent award of BHP's Port Debottlenecking Project 2 (PDP2) followed the successful completion of an ECI process.

Energy Transition and Critical Minerals Civmec continues to see significant opportunities arising from the global energy transition, with ongoing

engagement across rare earth, lithium and other critical

mineral projects. The Group is supporting clients through development, construction and maintenance activities, including the electrification of infrastructure at remote and regional sites, reflecting Civmec's established capability across the full lifecycle of transition-related projects.

Tendering Activity

In addition to increased ECI, general tendering activity across multiple segments remains bouyant. ECI

and similar delivery models are increasingly being utilised across mid- to large-scale, complex projects. Civmec provides a strong ECI offering with the value propositions we are able to provide our clients.

With current tendering activity in the short and medium term, we are well positioned to convert opportunities and retain a strong order book, while the ECI engagements set us in good stead for longer-term opportunities.

Henderson Defence Precinct

Civmec's Henderson facilities are located within the emerging Defence Precinct, positioning the Group to participate in future large-scale defence and naval shipbuilding contracts. Civmec continues to engage with Commonwealth and State stakeholders on precinct development while maintaining its ability to service non-defence industries as the Precinct plans are developed and finalised.

Accreditations and Delivery Capability

Civmec's ability to deliver large-scale, complex projects is underpinned by established quality accreditations, mature engineering and project management systems, and extensive experience across construction, heavy engineering and naval shipbuilding. These credentials, together with Civmec's integrated delivery model

and major facility footprint, support participation in high-value, large-scale contract awards across resources, infrastructure and defence sectors.

1H FY26 Investor Presentation | 13

P: +61 8 9437 6288

E: investor@civmec.com.au

Appendix

This presentation has been prepared by the management of Civmec Limited (the Company) for the benefit of brokers, analysts, and investors and not as any specific advice to any particular party or person. The information is based on publicly available information, internally developed data, and other sources. Where an opinion is expressed in this document, it is based on assumptions and limitations mentioned herein and is an expression of present opinions only.

This presentation contains forward-looking statements that are subject to risk factors associated with construction businesses. While Civmec considers the assumptions on which these statements are based to be reasonable, whether circumstances actually occur in accordance with these statements may be affected by a variety of factors. These include, but are not limited to, levels of actual demand; currency fluctuations; loss of market; industry competition; environmental risks; physical risks; legislative, fiscal and regulatory developments; economic and financial market conditions in various countries and regions; political risks; project delay or advancement; approvals; and cost estimates. These could cause actual trends or results to differ from the forward-looking statements in this presentation.

References to dollars, cents or $ in this presentation are to Australian currency unless otherwise stated. References to "Civmec", "the Company", "the Group", or "the Civmec Group" may be references to Civmec Limited or its subsidiaries.

Authorised for release to the ASX and SGX by the Board of Directors.

1H FY26 Investor Presentation | 15