Page 1

CIVMEC CIVMEC LIMITED ( Company Registration Number 201011837H ) PERTH / SINGAPORE , 10 February 2021 Civmec Delivers Strong Results in 1H21 Highlights • EBITDA of A $ 34.3 million , representing a 93.8 % increase from 1H20 • NPAT of A $ 15.0 million representing an 88 % increase from 1H20 • Net Profit margin of 4.9 % • Cash generated from operating activities of $ 28.6 million • • • Earnings per share of 3.00 cents , up from 1.61 cents in 1H20 Declared inaugural interim dividend of 1.0 Australian cent $ 1.15 billion order book as at 31 January 2021 Civmec Limited ( " Civmec ” or the “ Group ” ) has today released financial results for 1H21 which continue the trend of improved earnings and profit margins together with a further strengthening of the Group's balance sheet . Key financial metrics compared to the 1H20 are set out in the table below : A $ million 1H21 1H20 Change % Revenue $ 305.7 $ 166.2 84.0 EBITDA $ 34.3 $ 17.7 93.8 NPAT $ 15.0 $ 8.0 88.2 Net Profit Margin 4.9 % 4.8 % Net Assets $ 274.2 $ 263.0 ( 30/06/20 ) 4.2 Borrowings $ 62.2 $ 62.1 0.2 Cash Generated from Operating Activities $ 28.6 $ 25.6 11.7 Net Asset Value per Share 54.77 cents 52.53 cents ( 30/06/20 ) 4.2 Earnings per Share 3.00 cents 1.61 cents 86.3 Interim Dividend Payment 1.0 Australian cent NIL Commenting on the results , Chairman Mr James Fitzgerald , said " The first half of FY21 continues the strong growth in revenue and profits seen in prior periods off the back of a growing order book . Strong profits and cashflow , coupled with reduced capital requirements of the Group has allowed us to declare our first Interim Dividend of 1.0 Australian cent , to be paid on 26 March 2021. " Recent Activities During the period , the Group announced several significant contract wins in all sectors that we operate in , including some long term maintenance agreements . These wins have contributed