Slides
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2026 Annual General Meeting 27 October 2026 1
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fleetwood.com.au Fleetwood acknowledges the Traditional Custodians of the lands on which we operate, live, and gather across Australia. We pay our respects to Elders past, present, and emerging, and recognise their continuing connection to land, waters and community. We commit to working meaningfully and respectfully alongside Aboriginal and Torres Strait Islander peoples as we build a shared future. Acknowledgement of Country Artwork by Garry Purchase (Dharawal, Bidjigal and Dhungutti) 2
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fleetwood.com.au fleetwood.com.au Board and Executives Martin Monro Non-Executive Director, Chair of Risk Committee John Klepec Non-Executive Director, Board Chair Jeff Dowling Non-Executive Director, Chair of Audit Committee Adrienne Parker Non-Executive Director, Chair of Sustainability Committee Mark Southey Non-Executive Director, Chair of Remuneration & Nominations Committee Samantha Thomas General Counsel & Company Secretary Andrea Pidcock Chief Executive Officer 3
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fleetwood.com.au fleetwood.com.au MR JOHN KLEPEC BOARD CHAIRMAN, NON–EXECUTIVE DIRECTOR Chair’s address Logan Special School, logan Central QLD
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fleetwood.com.au fleetwood.com.au MS ANDREA PIDCOCK CHIEF EXECUTIVE OFFICER CEO’s address MCC QBuild Housing, Mackay QLD
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fleetwood.com.au fleetwood.com.au Growth organisation with two core businesses 1. COMMUNITY SOLUTIONS Leader in operating and managing high-quality accommodation villages. 6 2. BUILDING SOLUTIONS Modular builder with end-to-end delivery of projects across education, housing, resources, infrastructure and government.
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fleetwood.com.au fleetwood.com.au Overview FY26 Underlying* EBIT $35.6m Community Solutions EBIT $50.0m Building Solutions Underlying* EBIT -$8.7m Free Cash Flow $35.9m Building Solutions Order Book $156m June 26 Up $56m on June 25 * Underlying EBIT excludes non-recurring restructuring costs, refer to note 28 of the Financial Statements Full Year Dividends Fully Franked 19.0 cps 7
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fleetwood.com.au fleetwood.com.au Community Solutions 8 • Searipple Village occupancy of 96%, underpinned by investment in regional projects, drove a record EBIT of $50.0m. • Contracted with RioTinto until April 2027. • RioTinto is expected to award their next 5 year contract in the next few months. • Searipple FY27 contracted occupancy 72% and expected incremental bookings of 10-20% in 2H27. • Osprey Village remained fully occupied. $ Million FY26 FY25 Var Occupancy % 96% 84% 12% Revenue 93.8 76.9 16.9 EBIT 50.0 39.2 10.8 EBIT % Revenue 53.3% 51.0% 2.3% 93.8 76.9 FY26 FY25 +22% 50.0 39.2 FY26 FY25 +28% Revenue $Million Underlying EBIT $Million
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fleetwood.com.au Strategic Red Dog Village acquisition 5 • The acquisition of Red Dog Village in Karratha provides a modern, high-quality accommodation facility with 2,169 rooms. • The acquisition cost is $20m and will be funded through a term debt facility, maintaining balance sheet flexibility. • Depending on occupancy and market conditions the Red Dog Village acquisition has the potential to increase Community Solutions EBIT by an estimated $10m - $20m on an annualised basis. • Fleetwood is uniquely positioned to support both workforce accommodation and residential development in Karratha. SEARIPPLE 9
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fleetwood.com.au fleetwood.com.au Building Solutions 10 • Revenue increases in VIC, SA and WA were offset by declines in QLD and NSW - QLD was lower in 1H26 due to delays in large projects being awarded. • H2 Margins were down driven by a small number of large low margin projects that will be completed in 1H27. • Significant costs from a legacy project. • Smithfield closure reset the Building Solutions cost base, with annualised savings of $8.0m expected from 2Q FY27. • Non-recurring restructuring costs of $15.4m were incurred. • Retaining core sales and project delivery capabilities in critical NSW market. $ Million FY26 FY25 Var Revenue 323.5 356.2 -32.7 EBIT -24.1 11.0 -35.1 Restructuring costs 15.4 - -15.4 Underlying1 EBIT -8.7 11.0 -19.7 Underlying EBIT % Revenue -2.7% 3.1% -5.8% 323.5 356.2 FY26 FY25 -9% -8.7 11.0 FY26 FY25 -179% Revenue $Million Underlying EBIT $Million 1 Underlying EBIT excludes non-recurring restructuring costs, refer to note 28 of the Financial Statements
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fleetwood.com.au fleetwood.com.au RV Solutions 11 • RV Solutions remained profitable despite market headwinds. • Local manufacturing was closed in 1H FY26 incurring restructuring costs of $4.8m. • Northern RV was divested in February 2026 for $4.8m and the sale of Camec to Aussie Traveller for $9.5m was announced in July. • Total cash inflows of $18.3m from the divestment includes $4.0m in tax assets to be realised as cash across FY27 and FY28. 1 Underlying EBIT excludes non-recurring restructuring costs, refer to note 28 of the Financial Statements $ Million FY26 FY25 Var Revenue 55.9 70.6 -14.7 EBIT -12.5 -13.8 1.3 Restructuring costs 14.2 11.0 -3.2 Underlying1 EBIT 1.7 -2.8 4.5 Underlying EBIT % Revenue 3.0% -4.0% 7.0% 55.9 70.6 FY26 FY25 -21% 1.7 -2.8 FY26 FY25 +161% Revenue $Million Underlying EBIT $Million
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fleetwood.com.au fleetwood.com.au Outlook for FY27 Successful portfolio simplification positions Fleetwood for growth in FY27 COMMUNITY SOLUTIONS • Pilbara project pipeline of over $30 billion. • Completion of Red Dog Village expected in January 2027. • Searipple Village contracted occupancy for FY27 is 72%, with Rio Tinto contracted to April 2027. • RioTinto tender process for the next 5 years underway. • Closing cash of $61.5m. • Free cash flow generated of $35.9m. • Full year dividends of 19.0 cps fully franked. • Strong balance sheet including ownership of key WA assets. • FY26 capital returns to shareholders totaled $21.6m, comprising dividends and a share buyback. • Positive market conditions driven by: - National housing shortfall - Strong education demand - Continued investment in resources and infrastructure. • An order book of $156m at year end, up from $100m in the prior year. • Recently reappointed to Victorian School Building Authority supplier panel for next 3-5 years. • Expect to return to profitability in H2 FY27. BUILDING SOLUTIONS STRONG BALANCE SHEET 12
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fleetwood.com.au Building Solutions can grow nationally where we have proven capability Segment Segment detail QLD NSW VIC SA WA Education Government/Public Private school Housing Government/Social Affordable Lifestyle Communities Resources Mining and Renewables Commercial Infrastructure/Project buildings Defence Defence FWD current market penetration 13
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fleetwood.com.au fleetwood.com.au Three key focus areas 14 Achieve sustained profitability and growth in Building Solutions1 2 Complete the Red Dog Village acquisition and expand Community Solutions model 3 Lift capability and culture Monash University Independent Living Laboratory, VIC
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fleetwood.com.au 15 fleetwood.com.au 15 Focus Achieve sustained profitability and growth in Building Solutions 1 • Apply manufacturing disciplines to building - Centralised to a national Modular Manufacturing division - Recruited manufacturing expertise • Improve productivity and reduce costs - Develop standard playbooks - Optimise designs - Tighten end to end project delivery - Leverage technology and AI BUILD COMPETITIVE ADVANTAGESTRENGTHEN THE FOUNDATIONS • Strengthen project governance • Tighten controls • Continue to strengthen commercial rigour
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fleetwood.com.au 16 fleetwood.com.au 16 Focus Complete the Red Dog Village acquisition and expand Community Solutions model 2 UNLOCK GROWTHDELIVER RED DOG VILLAGE • Finalise approvals and complete the transaction. • Prepare for operational handover and integration. • Secure accommodation agreements with operators and contractors. • Optimise the Red Dog Village and Searipple Village portfolio to maximise value. • Secure long-term tenure at Red Dog Village to enable Searipple Village residential conversion. • Investigate partnership and funding models to support growth in residential communities and workforce accommodation camps.
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fleetwood.com.au 17 fleetwood.com.au 17 Focus Lifting capability and culture 3 • Refreshed regional leadership. • Recruited critical skills in sales, manufacturing, construction and technology. • Build a strong pipeline of future leaders. • Listen to our employees and respond to their feedback. • Build a collaborative, high-performance culture. • Empower teams through simpler processes and ways of working. • Improve engagement, retention and employee experience. BUILD A HIGH-PERFORMANCE CULTURESTRENGTHEN CAPABILITY
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fleetwood.com.au 18fleetwood.com.au Summary: Fleetwood well positioned for growth 18 A larger Community Solutions business, a leaner Building Solutions operation, and a complete exit from the RV segment. Focused and streamlined business1 2 Positioned well to address strong demand across housing, education, resources and infrastructure. Attractive and growing markets 3 Long term partnerships with key customers across all sectors. Strong customer relationships 4 Applying manufacturing disciplines, technology and operational excellence to improve productivity, and create a scalable operating model. Building competitive advantage 5 Strong cash generation and net cash of $61.5m at June 30, 2026 has enabled significant fully franked dividends and share buyback. Strong balance sheet and attractive returns
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fleetwood.com.au 19 The information contained in this presentation is provided by Fleetwood Limited ACN 009 205 261 (Fleetwood) for informational purposes only and does not constitute an offer, invitation or recommendation to subscribe for or purchase any securities and neither this presentation nor anything contained in it shall form the basis of any contract or commitment. No party other than Fleetwood has authorised or caused the issue of this document, or takes responsibility for, or makes any statements, representations or undertakings in this presentation. Summary information This presentation contains summary information about Fleetwood and its activities which is current as at the date of this presentation. The information in this presentation is of a general nature and does not purport to be complete nor does it contain all the information which a prospective investor may require in evaluating a possible investment in Fleetwood or that would be required in a prospectus or product disclosure statement prepared in accordance with the requirements of the Corporations Act 2001 (Cth). This presentation should be read in conjunction with Fleetwood's other periodic and continuous disclosure announcements lodged with the ASX, which are available at www.asx.com.au. Not investment advice The information contained herein is not investment or financial product advice and has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. The views, opinions and advice provided in this presentation reflect those of the individual presenters only. Cautionary statement concerning forward looking information This presentation may contain certain forward-looking statements. The words "anticipate", "believe", "expect", "future", "project", "estimate", "forecast", "likely", "intend", "should", "could", "may", "target", "plan" and other similar expressions are intended to identify forward looking statements. Forward looking statements, opinions and estimates provided in this presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about industry trends, which are based on interpretations of current market conditions. Indications of, and guidance on, performance of Fleetwood are also forward-looking statements. Such forward looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Fleetwood, and its officers, employees, agents and associates, that may cause actual results to differ materially from those expressed or implied in such statements. You should not place undue reliance on forward looking statements and, to the full extent permitted by law, neither Fleetwood nor any of its directors, employees, advisers or agents assume any obligation to update such information. Disclaimer This presentation has been prepared in good faith, but no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness, correctness, reliability or adequacy of any statements, estimates, opinions or other information, or to the reasonableness of any assumption or other statement, contained in the presentation (any of which may change without notice). To the maximum extent permitted by law, Fleetwood and its professional advisers and their related bodies corporate, affiliates and each of their respective directors, officers, partners, employees, advisers and agents and any other person involved in the presentation disclaim all liability and responsibility (including, without limitation, any liability arising from fault or negligence) for any direct or indirect loss or damage which may arise or be suffered through use of or reliance on anything contained in, or omitted from, this presentation. Important notices and disclaimer