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2026 Annual General Meeting Managing Director’s Presentation 27 October 2026
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2 Investor Presentation - AGM 2026 2 Leading and trusted national provider and manufacturer of specialised electrical, instrumentation, communications, security, fire, mechanical (HVAC), and maintenance services and products… • Established in 1978 and listed in 2007 (ASX:SXE) • Diversified across multiple market sectors • Diversified geographically with 85% of order book on East Coast • Diversified by discipline with 60% of FY26 revenues electrical services and 40% in other adjacent disciplines • Successful track record of acquisitions: Datatel in 2016, Heyday in 2017, the Trivantage Group (S.J. Electric, SEME Solutions, and Trivantage Manufacturing) in 2020, the MDE Group in 2024, Force Fire in 2025, and Entire in 2026 • Exposure to tailwinds of data centres, infrastructure, electrification and energy Introduction to SCEE …operating through a portfolio of businesses: Historically focused on resources and industrial work, but now also diversified into infrastructure and renewables Telecoms and communications specialist providing services to multiple sectors NSW and ACT-based electrical contractor servicing the commercial building sector, and the data centre, transport, health, education, retail, hotel, and residential sectors National provider of electrical and maintenance services to supermarkets, and the retail, commercial, and water sectors Provides electronic security services to the resources, law enforcement, custodial, industrial, and health sectors Manufacturer of premium quality switchboards and power distribution systems to internal and external customers Communications, data, and electrical services provider to the commercial, data centre, healthcare, and transport sectors Leading NSW and QLD-based provider of fire safety solutions to the commercial, industrial, data centre, education, and retail sectors Victorian-based provider of integrated fire protection and mechanical (HVAC) services, with in-house fabrication and maintenance DIVERSIFIED MARKETS AND GEOGRAPHIES BLUE-CHIP CLIENT BASE WITH RECURRING REVENUES DATA CENTRES INFRASTRUCTURE ELECTRIFICATION ENERGY TRACK RECORD OF SUCCESSFUL ACQUISITIONS MULTI- DISCIPLINARY OFFERINGS FINANCIAL STRENGTH AND SHAREHOLDER RETURNS
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3 Investor Presentation - AGM 2026 3 SCEE’s strategy SCEE sees electrical contracting as its core capability whilst increasingly diversifying into adjacent disciplines and servicing a broad range of sectors • Our growth strategy continues to be to deepen our presence in those sectors and broaden our geographic diversity through expanding our core competencies and adding adjacent and complementary capabilities and disciplines, either organically or by acquisition • We are increasing our exposure to recurring revenues with services and maintenance style works • We are actively exploring a range of acquisition targets offering further geographic diversification, increasing existing capabilities, and adding new capabilities • We aim to maximise the synergies and cross-selling opportunities created by the increasing diversification and multi-disciplinary nature of the group • The electrification and decarbonisation of the Australian and global economies presents SCEE with opportunities across all businesses
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4 Investor Presentation - AGM 2026 4 Acquisition of Entire
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5 Investor Presentation - AGM 2026 5 Overview of Entire ~$191m FY26 revenue Business Overview Highlights • Established in 1985, Entire is a Melbourne-based fire protection and mechanical (HVAC) contractor with 40+ years operating history – revenue split 55% mechanical, 45% fire • Provides integrated end-to-end capabilities across engineering, design, fabrication, construction, commissioning, minor works, recurring maintenance and prefabricated solutions • In-house fabrication and automation capability, including prefabricated plant and pipe systems • Primarily operates in the Victorian market with a growing presence in Queensland – revenue split 90% Victoria, 10% Queensland • Well positioned in structural growth sectors including data centres, infrastructure and electrification-driven HVAC upgrades – revenue split 30% commercial, 25% data centres, 20% infrastructure, 15% health care, 10% others • Diversified operating model combining major project delivery with recurring maintenance and service revenue streams across fire and HVAC assets – revenue split 63% construction, 2% fabrication, 35% minor works and maintenance • A large directly-employed technical workforce and internal apprenticeship pipeline employing 490+ staff and highly experienced management team Client Snapshot ~$17.5m FY26 EBIT ~490 employees ~120 active clients $800m+ project pipeline ~200 managed sites Entire is a leading provider of integrated mechanical (HVAC) and fire protection services, from engineering and design through to maintenance, with exposure to a diverse range of attractive end markets
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6 Investor Presentation - AGM 2026 6 Acquisition overview Acquisition of Entire • SCEE has entered into a Share Purchase Agreement to acquire 100% of Entire Operations Pty Ltd (“Entire”) for a total consideration of up to $112.1m on a cash-free debt-free basis, made up as follows: ‒ $70.0m cash payable on completion ‒ Up to $25.8m in Deferred Consideration Base Earn-Out Amounts, payable following FY27, FY28 and FY29 results, contingent on EBIT of at least $17.0m being achieved each year (1) ‒ Up to $16.3m in Deferred Consideration Outperformance Earn-Out amounts, payable following FY27, FY28 and FY29 results, contingent on certain further stretch EBIT targets being met (1) • The acquisition consideration represents an EBIT multiple of: ‒ 5.5x FY26A EV/EBIT assuming the sellers receive the maximum Base Earn-Out Amounts ‒ 4.1x FY29F EV/EBIT assuming the sellers receive the maximum Outperformance Earn-Out Amounts (implying an EBIT of at least $27.5m in FY29F) • Existing employee executive shareholders to remain with the business under SCEE ownership on long-term employment contracts extending beyond the earn-out period (1) Refer Appendix 3 for detailed transaction terms (2) Assuming consolidation from 1 November 2026 Transaction Funding and Financial Impact • Transaction to be funded through SCEE’s existing cash reserves • SCEE will retain a strong balance sheet post-completion providing flexibility for continued growth • Transaction expected to be immediately accretive with EPS accretion of at least 18% on an FY27F pro forma basis • Anticipating completion in November with effective consolidation date from 1 November 2026 and subject to customary closing conditions • Forecasting Entire to contribute at least $10m to FY27 EBITDA assuming consolidation from 1 November 2026 • SCEE’s FY27 EBITDA guidance increased to at least $110m with further growth beyond expected in both SCEE and Entire (2)
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7 Investor Presentation - AGM 2026 7 Strategic rationale • Continued expansion of SCEE’s fire protection platform – Victoria adds to SCEE’s existing NSW and Queensland presence • Capability expansion into the highly complementary mechanical services (HVAC) discipline which is a logical adjacency to SCEE’s existing electrical, fire, data, security, and communications capabilities • Attractive end market exposure including data centres, infrastructure, health care, commercial, and government • Structural drivers underpinning demand for fire protection services – strict regulatory and compliance requirements drives long term demand • Building performance and energy efficiency needs are driving demand for HVAC services • Continues growth of recurring service and maintenance work • Cross-selling opportunities across the combined client base leveraging the group’s relationships to build out its multi-disciplinary offering • Leverage Entire’s established Victorian presence to support opportunities for other SCEE businesses • Enhanced scale with pro forma combined FY27F EBITDA of circa $120m • Financially attractive acquisition – the transaction is expected to generate pro forma FY27F EPS accretion of at least 18% The acquisition aligns with SCEE’s M&A strategy offering further geographic diversification, expansion into existing and new adjacent disciplines, and increased exposure to recurring services and maintenance works
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8 Investor Presentation - AGM 2026 8 FY26 Financial Results
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9 Investor Presentation - AGM 2026 9 Financials Underlying EBITDA $77.0m (FY25: $54.8m) up 40.5% on record prior year* * Underlying EBITDA, Underlying EBIT and Underlying NPAT are non-IFRS financial measures, for a reconciliation to statutory results see Appendix 1 Underlying EBIT $64.4m (FY25: $45.9m) up 40.3% on record prior year* Underlying EBIT included $4.4m (FY25: $2.7m) for acquisition amortisation Underlying NPAT included $4.4m (FY25: $0.9m) for remeasurement of share-based payments Underlying NPAT $39.4m (FY25: $31.7m) up 24.3% on record prior year* Record Cash $261.5m (30 June 2025: $88.6m) strong cash collection and $144.7m net equity raise Statutory NPAT $7.1m (FY25: $31.7m) down 77.6% on prior year Record Final Dividend 7.5 cps fully franked and paid on 7 October Record Order Book $810m (30 June 2025: $685m) up 18.2% on prior year Statutory result included WestConnex arbitration settlement costs of $46.1m
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10 Investor Presentation - AGM 2026 10 Profit and loss Revenue $718.7m (FY25: $801.5m) down 10.3% on prior record year as Collie BESS and Western Sydney Airport Terminal finished in H1 Ongoing significant revenue contributors are NEXTDC S3 and DigiCo data centres, Atlassian building, Shoalhaven Hospital, other works at Western Sydney Airport, and BHP , Rio Tinto, Woolworths and Coles projects with activity ramping up as June 2026 was a then record monthly revenue result for Group Force Fire acquired in April 2025 consolidated for full year Record gross profit of $136.7m (FY25: $105.9m) up 29.1% on prior year. Gross margin percentage of 19.0% increased from 13.2% in prior year driven by outcome at Collie BESS, Force Fire contribution, and general project mix Overheads up 15.7% on prior year mainly from Force Fire consolidation Underlying EBITDA* of $77.0m up 40.5% on then record EBITDA in prior year of $54.8m Underlying EBIT* of $64.4m up 40.3% on then record EBIT in prior year of $45.9m including $4.4m of acquisition amortisation (FY25: $2.7m) Underlying NPAT* of $39.4m up 24.3% on then record NPAT in prior year of $31.7m including $4.4m for remeasurement of cash-settled share-based payments (FY25: $0.9m) resulting from significant share price growth in FY26 Statutory NPAT $7.1m down 77.6% on prior year NPAT of $31.7m including WestConnex arbitration settlement costs of $46.1m following adverse Partial Final Award issued by arbitrator in November 2025 * Overheads, Underlying EBITDA, Underlying EBIT, and Underlying NPAT are non-IFRS financial measures, for a reconciliation to statutory results see Appendix 1 Summary financials: FY26 FY25 % $m $m Revenue 718.7 801.5 (10.3)% Gross Profit 136.7 105.9 29.1% Gross Margin % 19.0% 13.2% Overheads* (61.1) (52.8) 15.7% Underlying EBITDA* 77.0 54.8 40.5% Underlying EBITDA %* 10.7% 6.8% Underlying EBIT* 64.4 45.9 40.3% Underlying EBIT %* 9.0% 5.7% Underlying NPAT* 39.4 31.7 24.3% Underlying NPAT %* 5.5% 4.0% WestConnex legal dispute costs (46.1) 0.0 Statutory NPAT 7.1 31.7 (77.6)% Statutory NPAT % 1.0% 4.0%
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11 Investor Presentation - AGM 2026 11 298 356 353 179 96 117 54 67 VIC, SA & NT QLD WA NSW & ACT FY25 137 112 153 247 512 360 Infrastructure Commercial Resources Revenue Revenue by Sector $m • Revenue down 10% as CBESS completed in H1 • Commercial up with full year contribution from Force Fire industrial warehousing and commercial buildings Revenue by Geography $m • WA down as CBESS completed in H1 • Over 75% of revenue in eastern states 719 801 FY26 13184 7464 89 625 425 Electrical Manufacturing Security & Comms Fire Revenue by Discipline $m • Over 40% from adjacent non- electrical disciplines FY25 FY26 FY25 FY26 719 801 719 801
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12 Investor Presentation - AGM 2026 12 Balance sheet Jun 26 Jun 25 $m $m Current assets 390.7 228.2 Non-current assets 214.4 192.8 Total Assets 605.1 421.0 Current liabilities 240.2 198.6 Non-current liabilities 25.3 17.8 Total Liabilities 265.5 216.4 Net Assets 339.6 204.6 Equity 339.6 204.6 Balance sheet summary:Cash increased to $261.5m (30 June 2025: $88.6m) mainly driven by capital raise net proceeds of $144.7m, and strong EBITDA conversion to cash and working capital management Successful gross $150m institutional placement completed in June 2026 with shares issued at 0.5% discount and costs of $5.3m with further $15.0m Share Purchase Plan proceeds to be received in July 2026 Financing facilities also renegotiated in June 2026 with bank guarantee and surety bond capacity increasing from $150m to $220m and adding a new Revolving Credit Facility of $50m to fund working capital requirements and a new $50m Acquisition Facility to fund future acquisitions $103.9m of bank guarantees and surety bonds were on issue at 30 June 2026 (30 June 2025: $115.2m) leaving headroom of $116.1m in the $220.0m of combined facilities capacity Remain debt free at 30 June 2026 Franking account balance of $65.5m at 30 June 2026 (30 June 2025: $61.5m) Fully franked record final dividend of 7.5 cents per share paid on 7 October 2026
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13 Investor Presentation - AGM 2026 13 Cash flow Strong conversion of EBITDA to cash and significant items in the year also include: • Record total dividends pay-out of $18.9m • Acquisition deferred consideration payments of $4.7m • Settlement pay-out and legal fees on WestConnex arbitration proceedings of $26.6m • Capital raise with net proceeds of $144.7m in June 2026 with further SPP proceeds of $15m received in July 2026 * Underlying EBITDA is a non-IFRS financial measure, for a reconciliation to statutory results see Appendix 1
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14 Investor Presentation - AGM 2026 14 405 510 150 110 95 10535 85 VIC, SA & NT QLD WA NSW & ACT FY25 110 100 120 145 455 565 Infrastructure Commercial Resources Record order book Order Book by Sector $m • Record order book up 18% • Commercial growth from Force Fire Order Book by Geography $m • All eastern states grown 810 685 FY26 80 85 30 45 55 120 520 560 Electrical Manufacturing Security & Comms Fire Order Book by Discipline $m • Circa 30% of order book now in adjacent non-electrical disciplines FY25 FY26 FY25 FY26 810 685 810 685
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15 Investor Presentation - AGM 2026 15 Operations and outlook
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16 Investor Presentation - AGM 2026 16 Operations and outlook Lost Time Injury (“LTI”) free for fourth consecutive year (FY26: 2.9m manhours LTI-free) Western Sydney Airport terminal completed and multiple further works ongoing Workforce (including Entire) at circa 2,200 direct employees including almost 300 apprentices Collie BESS completed and won NECA WA Industrial X-Large Award in August 2026 Co-location into new Brisbane premises completed Trivantage Manufacturing doubled floor space to 17,000m2 in FY26 with three new facilities Force Fire performed ahead of budget and achieved all vendor earn-out targets Infrastructure outlook strong with medium-term prospects of rail and hospital projects Unprecedented pipeline of data centre projects regardless of recent high-profile corporate events Further acquisition targets being actively explored FY27 EBITDA guidance of at least $110m and expecting further growth beyond Battery prospects presenting with Steel River East BESS awarded on Ausgrid network Commercial sector improving with industrial warehousing and buildings projects Multi-disciplinary offerings growing feature of group activity Entire acquisition announced this month anticipating consolidation from 1 November
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17 Investor Presentation - AGM 2026 17 Positioning for growth
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18 Investor Presentation - AGM 2026 18 Positioning for growth SCEE positioning for significant short, medium and long-term growth through exposure to structural tailwinds of data centres, infrastructure, energy and electrification SCEE intends to maximise both organic growth and acquisitive growth Guiding to at least 40% profit growth in FY27, organically and from contribution of Entire, with September a record monthly revenue result for Group overtaking previous monthly record set in June 2026 SCEE does not anticipate material constraints in its ability to capture this growth: • Finance – following capital raising and expansion of finance facilities, SCEE well funded for working capital and executing acquisitions • Labour – SCEE is an employer of choice in the industry and will be able to access pools of labour from other parts of the for growth. SCEE, including Entire, employs 300 apprentices • Inflation – inflationary impacts on materials and labour costs are captured in pricing and not absorbed by SCEE Following the acquisition of Entire, SCEE continues to pursue a range of actionable acquisition targets offering: • Geographic diversification – Queensland, Victoria • Expanding existing disciplines within the group – now mechanical (HVAC) and also fire and security • Adding new disciplines to the group – HV, powerlines, automation Index entries: • Entered MSCI Australia Small Cap Index in August 2026 • ASX300 and FTSE All World Small Cap Indices entry in September 2026 • Targeting ASX200 Index entry during FY27
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19 Investor Presentation - AGM 2026 19 Multi-disciplinary offerings The existing and planned further diversification of the group enables SCEE to submit multi-disciplinary offerings to clients and access a larger share of project spend Overlapping client bases of SCEE businesses lead to sharing of market insights, business development co-ordination, and deeper relationships By maximizing these synergies and cross-selling opportunities our combined services offerings provide a competitive advantage Evidenced in recent awards in battery, data centre, and infrastructure projects where two or more SCEE businesses are involved either through separate packages with clients or where one SCEE business subcontracts work to other group companies The multi-disciplinary offering provides value to clients beyond the “sum of its parts” as SCEE can internally manage interfaces between disciplines so de-risking potential schedule and costs issues on projects The acquisition of Entire further builds out these multi-disciplinary offerings
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20 Investor Presentation - AGM 2026 20 Data centres SCEE businesses have worked on data centres for over twenty years, and the sector is in unprecedented growth despite recent high- profile corporate events. SCEE Group’s breadth and depth of client base and services offerings amongst the strongest in the Australian data centre market SCEE businesses have multi-layered relationships in the sector with both data centre developers and tier one builders In FY26 worked inside ten different data centres owned by six different hyperscale cloud providers providing variously electrical, communications, and fire services demonstrating SCEE’s broad spread across sector. Trivantage Manufacturing provided switchboards to two of those ten and then to a further four data centres Turned over $120m in data centre work in FY26 and forecasting circa $400m in FY27 Industry trend towards modularised construction with Trivantage Manufacturing already providing clients modular products and able to meet this growing demand Anticipating data centre construction will shift to remoter locations over time as power becomes constrained in current metropolitan areas. SCEE well positioned to compete for these projects combining its data centre and remote location delivery experience Data centres will be increasingly required to ensure power availability opening further opportunities for SCEE with its experience in performing wind, solar, battery, and gas-power projects
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21 Investor Presentation - AGM 2026 21 Infrastructure Infrastructure very wide sector across government and private investment. Apart from data centres, renewables, and energy, this sector also includes for SCEE transport (airports, rail, road, and ports), health and aged care, defence, education, agriculture, water, and utilities Strong infrastructure opportunities for SCEE include: • Western Sydney Airport - Stand Alone Facilities Project underway. Expecting ongoing works and further airport expansion • Aerotropolis/City of Bradfield - long-term pipeline with development of region which holds bulk of Greater Sydney’s new industrial-zoned land, particularly industrial warehousing construction for Force Fire and Heyday • Health care in NSW and ACT - Shellharbour Hospital, Heyday’s largest ever hospital award, in construction. Positioning around further major hospital developments presenting in medium-term • Sydney Metro – working on St Marys Station on airport line. High confidence of further projects on Sydney Metro West station developments • ACT – government buildings and school expansion programs
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22 Investor Presentation - AGM 2026 22 Renewables and electrification Australia’s energy transition requires investment in renewables and cleaner energy sources, grid reconfiguration, and electrification of many activities by 2050 SCEE participates in this thematic having constructed multiple solar farms, wind farms, Battery Energy Storage Systems, and gas plants: • Successfully completed in H1 FY26 Synergy’s 500MW/2,000MWh Collie BESS project which was over $250m of work for SCEE • Works commenced on Steel River East BESS on Ausgrid’s NSW network with multiple SCEE businesses contributing • Tendering for multiple energy developments across Australia and anticipating further awards this year SCEE offers services across a huge range of electrification initiatives including: • Decarbonising client operations – such as refrigeration power efficiencies for supermarkets, store metering roll-outs, electric vehicle charging systems, lighting upgrades, and solar powered electrical equipment • Buildings – stricter building codes and client requirements will drive increased electrical density and complexity of buildings
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23 Investor Presentation - AGM 2026 23 Investment proposition
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24 Investor Presentation - AGM 2026 24 Long term earnings growth EBITDA $m 29.6 35.3 38.2 40.1 54.8 77.0 FY21 FY22 FY23 FY24 FY25 FY26 EBIT $m 22.3 26.7 29.6 32.7 45.9 64.4 FY21 FY22 FY23 FY24 FY25 FY26 EPS cps 5.6 6.1 7.7 8.3 12.0 14.8 FY21 FY22 FY23 FY24 FY25 FY26 CAGR 21.1% CAGR 23.6% CAGR 21.5%* Underlying EBITDA and Underlying EBIT are non-IFRS financial measures, for a reconciliation to statutory results see Appendix 1 FY27 EBITDA guidance forecasting at least $110m would represent over 40% growth on FY26 Underlying EBITDA*
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25 Investor Presentation - AGM 2026 25 45 59 65 51 90 164 172 185 211 220 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Recurring Revenue ($m) Covid dip H2 Trivantage acquisition mid-year Growth of recurring revenues Wide range of recurring works under services, maintenance, sustaining capital, and framework agreements, including: • Supermarket works for Woolworths and Coles • SEME security systems maintenance at correctional facilities • Maintenance teams at Citic Pacific Sino Iron and Newmont Boddington Gold mines and across Rio Tinto and BHP Pilbara and Arrow Energy’s Queensland operations • Sino Iron agreement • Energy Queensland asset inspection • Force Fire has 1,000+ contracted Inspection and Testing (“I&T”) sites, which engagements generally lead to award of related maintenance, repair and upgrade works • Entire expected to add over $60m per annum of recurring revenues • Considerable longevity in many of these arrangements Strong track record of recurring revenues growth 31% of FY26 revenues recurring Recurring Revenues ($m)
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26 Investor Presentation - AGM 2026 26 Track record of successful acquisitions Completed value-accretive acquisitions of Datatel in 2016, Heyday in 2017, Trivantage Group in 2020, MDE Group in 2024, and Force Fire in 2025. Announced Entire in 2026 Revenue contribution of acquisition in first full year of consolidation Revenue ($m) Offers access to communications and telco sectors Total consideration paid $6.2m Implied acquisition multiple in final year of earn-out: 4.3x EBIT Entry to commercial and infrastructure sectors in NSW and ACT Total consideration paid $54.1m Implied acquisition multiple in final year of earn-out: 2.9x EBIT National provider of services to supermarkets security sector and switchboard manufacturer Total consideration paid $53.5m Implied acquisition multiple in final year of earn-out: 3.4x EBIT NSW provider of communications services across multiple sectors acquired in FY24 Total consideration paid $8.7m Implied acquisition multiple in final year of earn-out: 2.9x EBIT NSW and QLD provider of fire safety solutions to commercial and industrial sectors acquired in FY25 Total potential deal consideration (and final pay-out end of FY27): $53.5m Victorian-based provider of integrated fire protection and mechanical (HVAC) services, with in-house fabrication and maintenance Total potential deal consideration (and final pay-out end of FY29): $112.1m Datatel revenue in FY17 Heyday revenue in FY18 30 151 143 28 131 200 348 386 415 370 553 465 552 801 717 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Trivantage revenue in FY22 Force Fire revenue in FY26 MDE revenue in FY25
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27 Investor Presentation - AGM 2026 27 Conclusion
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28 Investor Presentation - AGM 2026 28 Conclusion Underlying EBITDA $77.0m (FY25: $54.8m) up 40.5% on record prior year* Underlying EBIT $64.4m (FY25: $45.9m) up 40.3% on record prior year* Record Order Book $810m (30 June 2025: $685m) up 18.2% on prior year Record Cash $261.5m (30 June 2025: $88.6m) strong cash collection and $144.7m net equity raise Record Final Dividend 7.5 cps fully franked paid on 7 October * Underlying EBITDA and Underlying EBIT are non-IFRS financial measures, for a reconciliation to statutory results see Appendix 1 Battery prospects presenting with Steel River East BESS awarded on Ausgrid network Multi-disciplinary offerings growing feature of group activity Unprecedented pipeline of data centre projects regardless of recent high-profile corporate events Further acquisition targets being actively explored Infrastructure outlook strong with medium-term prospects of rail and hospital projects Entire acquisition announced this month anticipating consolidation from 1 November FY27 EBITDA guidance of at least $110m and expecting further growth beyond
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29 Investor Presentation - AGM 2026 29 Appendices
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30 Investor Presentation - AGM 2026 30 Appendix 1 – IFRS reconciliation SCEE’s results are reported under International Financial Reporting Standards (IFRS). SCEE discloses certain non-IFRS measures that are not prepared in accordance with IFRS. The non-IFRS measures should only be considered in addition to, and not as a substitute for, other measures of financial performance prepared in accordance with IFRS. EBITDA and EBIT are non-IFRS measures which do not have any standard meaning prescribed by IFRS and therefore may not be always be comparable to EBITDA and EBIT presented by other companies. EBITDA represents earnings before interest, income tax, depreciation and amortisation. EBIT represents earnings before interest and income tax. Underlying EBITDA and Underlying EBIT represent EBITDA and EBIT excluding the impact of the WestConnex legal dispute costs respectively. A reconciliation of profit after tax to Underlying EBITDA and Underlying EBIT is presented in the table on this slide. (1) Employee benefits expenses, Occupancy expenses, Administration expenses and Other expenses from ordinary activities (2) Depreciation expense, Amortisation expense and Amortisation of customer contracts and relationships (3) WestConnex legal dispute costs were not material in the prior corresponding peroiod and were included in contract expenses (4) Finance income and Finance expenses FY26 FY25 $m $m Contract revenue 718.7 801.5 Contract expenses (582.0) (695.5) Gross Profit 136.7 105.9 Other income 1.4 1.7 Overheads (1) (61.1) (52.8) Underlying EBITDA 77.0 54.8 Depreciation and amortisation (2) (12.7) (8.9) Underlying EBIT 64.4 45.9 WestConnex legal dispute costs (3) (46.1) 0.0 Net finance income/(expense) (4) (7.0) (0.3) Profit before tax 11.3 45.6 Income tax expense (4.2) (14.0) Profit after tax 7.1 31.7
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31 Investor Presentation - AGM 2026 31 Appendix 2 - Corporate summary Capital Structure ASX Code SXE Share Price (17 August 2026) $4.64 No. of ordinary shares (17 August 2026) 307.3m Market Capitalisation (17 August 2026) $1,425.9m No. of performance rights (17 August 2026) 3.4m Cash (30 June 2026) $261.5m Debt (30 June 2026) Nil Enterprise Value (17 August 2026) $1,164.4m Shareholders at 6 August 2026 Thorney 5.3% Other institutional investors 47.1% Frank Tomasi 13.0% Directors and executives 4.0% Other retail and private 30.6% Total 100.0%
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32 Investor Presentation - AGM 2026 32 Appendix 3 – Entire detailed transaction terms • Acquisitionof 100% of the issued share capital of Entire Operations Pty Ltd • Subject to standard conditions for a transaction of this nature • Due diligence finalised • Anticipating completion in November with effective consolidation date from 1 November 2026 Acquisition Up to a total of $112.1m in cash payable on a cash-free debt-free basis as follows: 1. Upfront Cash Consideration a) $70.0m on completion 2. Deferred Consideration – Base Earn-Out Amounts a) $8.6m if Entire EBIT for FY27 is equal to or greater than $17.0m b) $8.6m if Entire EBIT for FY28 is equal to or greater than $17.0m c) $8.6m if Entire EBIT for FY29 is equal to or greater than $17.0m 3. Deferred Consideration – Outperformance Earn-Out Amounts a) $3.3m if EBIT for FY27 is equal to or greater than $21.4m. If an EBIT of $21.4m is not achieved, the payment is reduced on a pro rata basis down to nil at an EBIT level of $17.0m b) $5.1m if EBIT for FY28 is equal to or greater than $23.8m. If an EBIT of $23.8m is not achieved, the payment is reduced on a pro rata basis down to nil at an EBIT level of $17.0m c) $7.9m if EBIT for FY29 is equal to or greater than $27.5m. If an EBIT of $27.5m is not achieved, the payment is reduced on a pro rata basis down to nil at an EBIT level of $17.0m Consideration • All of the existing employee executive shareholders of Entire will remain employed with the business under SCEE's ownership o n long-term employment contracts extending beyond the earn-out period Ongoing Management Involvement • Completion of the transaction is conditional on ACCC waiver or approval; there being no material adverse change in Entire; execution of employment contracts with the existing employee shareholders; and release from Entire’s existing financial arrangements Conditions Precedent • The agreement contains a standard set of warranties which are covered by warranty and indemnity insurance, subject to limited exclusions • Standard buyer termination rights including for breaches prior to completion and for any material adverse change Warranties and Termination
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33 Investor Presentation - AGM 2026 33 Disclaimer Some of the information contained in this presentation contains “forward-looking statements” which may not directly or exclusively relate to historical facts. These forward-looking statements reflect the current intentions, plans, expectations, assumptions and beliefs of Southern Cross Electrical Engineering Limited (“SCEE”) about future events and are subject to risks, uncertainties and other factors, many of which are outside the control of SCEE. Important factors that could cause actual results to differ materially from the expectations expressed or implied in the forward-looking statements include known and unknown risks. Because actual results could differ materially from SCEE's current intentions, plans, expectations, assumptions and beliefs about the future, you are urged to view all forward-looking statements contained in this presentation with caution and not to place undue reliance on them. No representation is made or will be made that any forward-looking statements will be achieved or will prove to be correct. SCEE does not undertake to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Past performance information given in this presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. This presentation is for information purposes only. It is not financial product or investment advice or a recommendation, offer or invitation by SCEE or any other person to subscribe for or acquire SCEE shares or other securities. The presentation has been prepared without considering the objectives, financial situation or needs of the reader. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs, and seek the appropriate professional advice. Statements made in this presentation are made as at the date of the presentation unless otherwise stated. The information in this presentation is of a general background nature and does not purport to be complete. It should be read in conjunction with SCEE's other periodic and continuous disclosure announcements.