Slides
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Results Presentation For the year ended 30 June 2026
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2026 results presentation Revenue $1.14b up 25.9%1 EBITDA $124.3m up 17.2%1 NPAT $49.0m up 7.4%1 2 FY26 – delivering on our commitments Record performance and value enhancing growth Summary Strategic acquisitions → Completed four strategic acquisitions at ~4x EBITDA → Announced Shamrock acquisition, expanding our defence capability Conservative balance sheet → Established $300m debt facility – low margins, multi-use, trusted lenders → Maintained prudent leverage at 0.4x, capacity to fund future growth Consistent returns → Dividends 8.2cps FY26 including 4.9 cps final dividend. $21.6m capital returned to shareholders2. → 40% payout ratio consistent with the 30-50% target for 3 consecutive periods TRIFR Record low safety performance LTI Zero lost time injuries 10.4% Organic growth Record financial performance Operational delivery Record performance and value enhancing growth Summary Capital allocation 1. Compared to the prior corresponding period based on normalised measures. Refer “Statutory to normalised results reconciliatio n” in the Appendix for details. 2. Represents cash paid to shareholder in FY26 being payment of FY25 final dividend and FY26 interim dividend.
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2026 results presentation Summary Safety outperformance Sending our people home safely 3 6.2 6.0 3.0 3.7 1.4 0 2 4 6 8 FY22 FY23 FY24 FY25 FY26 0.8 1.0 0.5 0.4 0.00 0.50 1.00 1.50 FY22 FY23 FY24 FY25 FY26 Zero TRIFR1 LTIFR1 Industry average 6.0 Group 12-month rolling safety statistics2 76%↓ At 1.4, TRIFR is 76% below the industry benchmark of 6.03. Zero $2m FY26 lost time injuries. 30% Workcover premium savings vs industry average 1. Total Recordable Injury Frequency Rate (TRIFR) and Lost Time Injury Frequency Rate (LTIFR). 2. Metrics include acquired entities from the dates Symal Group assumed operational control butexclude any performance data prior to acquisition. 3. The industry average is extrapolated from OFSC-accredited companies that perform commercial, civil, and residential building andconstruction projects. Per the Safety Commissioner Annual Data Report..
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4 1. Aggregate of contracted yet-to-be completed projects at 30 June 2026. Includes work-in-hand of Shamrock Civil (Symal announced the conditional purchase agreement on 17 June 2026 subject to closing conditions). 2. Normalised results, non-IFRS measures. Refer to “Statutory to normalised results reconciliation” in the Appendix for detail of normalisationadjustments. 3. Aggregate of tendered projects and early contractor involvement (ECI) works. Includes Shamrock Civil. 4. Represents Net Debt, excluding lease liabilities, divided by FY26 Normalised EBITDA. 5. Percentage of work-in-hand in end markets outside infrastructure. 6. FY25 EPS is calculated using the weighted average share capital issued post IPO in November 2025 until end FY25. The weightedaverage across FY25 full year was not considered a representative comparator given IPO issuance in November 2025. Work-in-hand1 FY26 EBITDA2 Strategic investment $1.9b $124.3m $81.5m ↑ 8% on $1.76b at 30 June 2025 ↑ 17% on $106.1m in FY25 4 completed strategic acquisitions Tendered pipeline3 FY26 NPAT2 Net leverage4 $9.1b $49.0m 0.4x Includes $1.45b of ECIs ↑ 7% on $45.7m in FY25 Conservative, flexible balance sheet Work-in-hand diversification5 FY26 Earnings per share Final dividend declared 54% 20.6 cps 4.9 cps Compared to 49% at 30 June 2025 ↑ 7% on equiv. 19.36 cps in FY25 Total FY26 dividends 8.2 cps Commercial Financial Capital allocation Summary FY26 highlights 11% margin Delivering as promised 2026 results presentation
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2026 results presentation 65% 26% 6% 3%Victoria Queensland New South Wales South Australia Other Summary Increasingly diversified services Greater geographic spread, broader end market exposures, less concentration risk 5 Infrastructure 46% WIH $870m $1.7b Transport, ports airports, community Work-in-hand Tendered pipeline Sub-markets Energy and resources 30% WIH $570m $6.0b Renewables, gas transmission, HV Work-in-hand Tendered pipeline Sub-markets Utilities 11% WIH $210m $55m Regulated services Work-in-hand Tendered pipeline Sub-markets Digital infrastructure 4% WIH $80m $740m Data centres AI infrastructure Work-in-hand Tendered pipeline Sub-markets Defence 5% WIH $100m $230m Military infrastructure, emergency response Work-in-hand Tendered pipeline Sub-markets 46% 30% 11% 4% 5% 4% Infrastructure Energy and resources Utilities Digital infrastructure Defence Other Work-in-hand by end market $9.1b $1.9bTotal WIH Total Tendered pipeline VIC QLDNSW SA Tendered pipeline by state 43% 15%32% 8% Other 2% 1. Work-in-hand figures are the aggregate of contracted yet-to-be completed projects at 30 June 2026. Includes work-in-hand of Shamrock Civil (Symal announced the conditional purchase agreement on 17 June 2026 subject to closing conditions). 2. Tendered pipeline figures are the aggregate of tendered projects and early contractor involvement (ECI) works. Includes Shamrock Civil. Work-in-hand by state $1.76b $1.9bFY26 FY25
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2026 results presentation 48m 71m 87m 106m 124m FY22 FY23 FY24 FY25 FY26 FY26 guidance $120 - $126m FY25 guidance $105m EBITDA margin 8.2% 9.8% 11.1% 11.8% 11.0% 6 Summary Record performance Consistent growth over an extended period 5-year CAGRs 18% Revenue 23% NPAT 20% Operating cash flow 6.8% Acquisitive growth 27% EBITDA GROWTH EBITDA % 10.4% Organic growth 28% WIH
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2026 results presentation FY26 FY25 Change Revenue 1,135.0 901.7 25.9% EBITDA - Statutory 108.4 91.0 19.2% EBITDA 124.3 106.1 17.2% EBITDA (% margin) 11.0% 11.8% (0.8%) Depreciation and Amortisation 46.3 31.9 45.3% EBIT 78.0 74.2 5.1% NPAT - Statutory 42.7 35.9 19.1% NPAT 49.0 45.7 7.4% NPAT (% margin) 4.3% 5.1% (0.8%) EPS2 20.6 cps 19.3 cps 6.5% Dividends (cps) 8.2 cps 5.9 cps 39% Financial results Financial performance 7 1. Non-IFRS measures unless stated. These include adjustments for M&A costsand other one-off impacts. Refer to “Statutory to normalised results reconciliation” in the Appendix for details. 2. FY25 EPS is calculated using the weighted average share capital issued post IPO in November 2025 until end FY25. The weightedaverage across FY25 full year was not considered a representative comparator given IPO issuance 3. Dividend reinvestment plan. $1.14b revenue Exceeded $1 billion for the first time Continued low concentration risk with average contract size <$20m $124.3m EBITDA +17% year-on-year Upper half of FY26 guidance +27% 5-year CAGR 11% EBITDA margin Consistent strong group margins Margin 2H 11.5% vs 1H 10.2% $49.0m NPAT Record NPAT, despite scaling support structures for growth. 8.2 cps dividends 4.9 cps final dividend FY26 payout of $19.6 million DRP 3 initiated Guidance delivered, double digit growth, continued diversification Normalised performance
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2026 results presentation Financial results Segment results 8 Contracting services Plant and equipment Successful execution of projects, increased activity levels and continued focus on operational efficiency Higher revenue on increased fleet deployment. Significant investment in plant and equipment in FY26 to support future growth Revenue EBITDA EBITDA % EBIT EBIT % Revenue EBITDA EBITDA % EBIT EBIT % $936m $73.6m 7.9% $71.9m 7.7% $207m $45.5m 22.0% $17.4m 8.4% FY25: $714m FY25: $58.0m FY25: 8.1% FY25: $57.6m FY25: 8.1% FY25: $184m FY25: $43.9m FY25: 23.9% FY25: $23.1m FY25: 12.6% Integration enhances our core contracting value proposition 1. All results shown on this page are normalised. 2. Summarised P&L for “Other” segment contained in the accompanying Directors Report and Note 2.4 – Segment Reporting. Combined results deliver 11% EBITDA margin We approach Symal as a single integrated business. Our plant fleet primarily exists to deliver our projects, and our projects underwrite the fleet. Neither segment stands alone, and neither is priced alone. As our business continues to grow, we are completing a review of our operating model to ensure it is fit for growth. This may impact how we report segments moving forward. Until then, the result that matters is the combined one: 11% EBITDA margin on record revenue. One business, one number
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2026 results presentation 45.7 11.0 7.2 (4.4) (5.3) (4.7) (2.7) (1.2) 3.5 49.0 NPAT FY25 Organic EBITDA Acquired EBITDA D&A - P&E D&A - AASB 16 Leases Acquired D&A Borrowing costs Interest - AASB16 leases Income tax expense FY26 NPAT - 10.0 20.0 30.0 40.0 50.0 60.0 70.0 Financial results Earnings bridge 9 Strong underlying growth, material reinvestment to support the next phase $11.0m (10.4%) organic growth $7.2m (6.8%) contribution from acquisitions 17.2% EBITDA growth +$9.7m D&A from P&E investment and new facilities +$4.7m D&A from FY26 acquisitions Investing for the future Low drawn debt limiting borrowing cost increase +$1.2m from investment in new facilities Funding the investment EBITDA $18.2m D&A ($14.5m) Interest ($3.9m)
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2026 results presentation 169 103 (12) (11) (64) (84) 9 (7) (22) 82 Opening cash OCF (excl. tax, interest) Interest Income tax Net capex Acquisitons Debt funding Lease repayments Dividends Closing cash - 50.0 100.0 150.0 200.0 250.0 300.0 Financial results Cash flow Summary 10 Investing strategically whilst maintaining a prudent balance sheet Consistently generating strong operating cash flow $259 million immediately available liquidity Solid cash conversion of 95% Acquisitions plus significant non-reoccurring FY26 PP&E investment. FY27e capex $25 - $30m A year of investment Across diversified geographies and key end markets Low drawn debt, net leverage of 0.4x Four strategic M&A transactions 1. Acquisitions expenditure includes final upfront payments for Locale ($25.5m), McFadyen ($10.8m), Timms Group and L&D Contractors ($24.8m) and Davison ($20.5m). These are the final cash amounts paid at completion after adjusting for completion adjustments including working capital. Operating cash flows Investing cash flows Financing cash flows
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2026 results presentation Financial results Financial position Conservative, flexible balance sheet $m Limit Cash drawn BG4/bonds drawn Headroom Cash advance/ multi-use 300.0 33.2 89.9 176.9 Asset finance 172.8 99.7 - 73.1 Bond facilities 100.0 - 16.6 83.4 Total facilities 572.8 132.9 106.5 333.3 $m 30-Jun-26 30-Jun-25 Drawn debt (133.0) (122.9) Cash equivalents 81.6 169.0 Net cash / (debt) (51.4) 46.1 Lease liabilities (70.3) (33.1) Net cash / (debt) – incl. leases (121.6) 13.0 Net leverage 0.4x (0.5)x $259m $82m cash $177m in available undrawn facilities 1 0.4x Conservatively geared Reduces finance costs Capacity to grow strategically 11 1. Includes only the portion of facilities that can be drawn as cashi.e. excludes dedicated asset finance and bond facilities. 2. Calculated as Net (debt) / Normalised EBITDA. Net leverage, inclusive of leases per AASB16, would equate to 1.0x EBITDA. 3. Defined as Net Operating Profit after tax divided by the average of invested capital across the financial year. WACC refers to weighted average cost of capital. 4. Bank guarantees. 23% Strong capital returns Well above WACC Image WIP Available liquidity Net leverage2 Return on invested capital3
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2026 results presentation Strategy A diversified services platform Ideally positioned to capture Australia’s infrastructure investment cycle 12 12 Integrated brands delivering national. Backed by $200m of P&E. Self-performing $20m Approx. average contract size – more than 200 live projects at any one-time reduces risk. Reduced concentration risk 35% Proportion of WIH outside Victoria – up from 5% at listing. Geographical diversification 54% Proportion of WIH outside traditional infrastructure – up from 21% at listing. Market diversification Infrastructure Digital infrastructure Energy and resources Utilities Defence 69% Of issued capital held by Symal executives and management. Founder-led $11.0b Significant growth compared to $3.8b at listing WIH and pipeline 90% Proactive, collaborative client and supply chain partnerships position us as a preferred delivery partner. Repeat customers 8+ Average tenure of executive leadership – stable, experienced and aligned. Aligned management
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2026 results presentation National platform, locally embedded. Operations across Queensland, New South Wales, Victoria, South Australia and soon expanding into the Northern Territory. Positioned on the ground ahead of each market’s investment cycle. Aligned to structural growth themes. Footprint deliberately mapped to the growth corridors driving demand – Brisbane 2032, east- coast renewable energy zones, data centre clusters and the national defence pipeline. Strategy Expanding with purpose Positioned to win 131. Excludes Shamrock Civil. 2. Size of bubble represents relative size of planned, committed or expected infrastructure and technology construction spend. 22 National offices and yards 1,800+ Workforce1 $200m Plant and equipment1 Symal is positioned at the heart of Australia’s infrastructure investment hot spots
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2026 results presentation Strategy Digital infrastructure Symal has delivered 18 data centres to date 141. Australia's data centre boom: a $150 billion investment opportunity,. Commonwealth Bank, August 2026. Profile is illustrative. $380m Worked on 15 data centre packages with combined contract values totalling more than $380 million 28 Engaged in 28 early-stage opportunities beyond existing pipeline Projects delivered Future opportunities 17% Symal captures up to 17% of base build including remedial, civil works. structural concrete, precast structures, public realm and HV connections. Scope of works - 1 GW 2 GW 3 GW 4 GW 5 GW 6 GW 7 GW 8 GW 2026 2027 2028 2029 2030 Forecast capacity $150b required investment to FY301 15 active digital infrastructure projects across FY26 Who we’ve delivered for Electrical Kapitol Lendlease Watpac Hickory Icon CPB Erilyan ↓ ↓ ↓ ↓ ↓ ↓ ↓ Next DC, Microsoft Amazon Microsoft Stack Equinox, Airtrunk Cimic Stack Clients Developers Contracting Delivering digital infrastructure $820m WIH + Pipeline
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2026 results presentation Strategy Energy 15 Utilities 1. Average cost of solar, wind and Battery Energy Storage System (BESS) estimated capex per GW per Clean Energy Council Australia; AEMO and CSIRO sources. 2. Australian Energy Regulator (AER) – Final Distribution Revenue Determinations and Regulatory Proposals (Victoria 2026–31, NSW/ACT 2024–29, QLD/SA 2025–30 determinations). 3. TWh refers to Terrawatt-hours. Data Centre Energy and Demand, Oxford Economics, 2025. 4. Oxford Economics - Water Storage & Supply in Detail – Q3 2026 Update. $500b+ addressable market1 $62b addressable market2 $6.6b WIH + Pipeline $265m WIH + Pipeline $200m worth of contracts secured including solar, wind, BESS and EV infrastructure. 12TWh forecast annual electricity demand for digital infrastructure by FY30 3 $6b of projects progressing across renewables, storage, EV and transmission works. 38 New opportunities due to come to market in the near future WIH acceleration Active pipeline Structural tailwinds Future opportunities $62b regulated, non-discretionary spend across the NEM. 7 Performing for a number of metro and regional depots across PNS network 75% Workforce growth since acquisition. Clear pathway to doubling revenue via interstate expansion and major projectrs $9.6b National water construction activity in FY26, rising to $11.4b by FY31 4. Regulated network spend Locale exponential growth Incumbent position Water spend accelerating Delivering energy Delivering utilities Delivering in Energy since 2016 Delivering in Utilities since 2009
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2026 results presentation Infrastructure 16 1. Infrastructure Australia, 2025 Infrastructure Market Capacity Report, November 2025. 2. 2026 Integrated Investment Program, Australian Government, 2026. $240b addressable market1 $2.6b WIH + Pipeline Strategy Defence $425b addressable market2 Strategy $330m WIH + Pipeline $100m WIH more than doubled from $40m to $100m throughout FY26 $100m Additional defence revenue per annum generated from Shamrock $425b Committed federal spend over the coming decade 40+ Tenders worth ~$300m expected to come to market in 2026. Doubling WIH Defence budget Shamrock acquisition Future opportunities $240b Public infrastructure across QLD, NSW, SA and Victoria. $870m WIH diversification has come from winning in other markets whilst maintaining our core infrastructure WIH $310m Remaining on the EBTA project in Melbourne through FY29. 20+ Major near-term opportunities yet to come to market Record opportunities Major projects Core market maintained Future opportunities Delivering infrastructure Delivering defence Delivering in Defence since 2016 Delivering in infrastructure since inception
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2026 results presentation Our strategic focus 17 Strategy Continue to build a high-performing infrastructure group driven by entrepreneurial leadership, a strong culture and long-term shareholder value creation. Our purpose Our mission Our vision is to be Australia’s most trusted and capable infrastructure services partner. Strengthen our core A proven platform we can double. The foundation is set and the runway is long. Diversify our earnings We're diversifying how we earn. More repeat, more recurring, less reliant on any single market or cycle. Unlock group value Our businesses are worth more together than apart. Lead through innovation We don't wait for the industry to change. We drive it. Build a platform for growth Building an organisation that scales with or without any one person. We deliver self-performing and integrated infrastructure solutions through exceptional people, strong partnerships and disciplined performance.
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2026 results presentation 18 1. EBITDA guidance includes assumed pro-rata contribution from Shamrock Civil based on proforma $16m per annum EBITDA estimate provided in announcement of acquisition. 2. Includes depreciation and amortization on plant and equipment, leases and intangibles. Excludes Shamrock Civil –which is subject to final purchase price allocation (PPA). Capex excludes Shamrock Civil, other acquisitions and earnouts. FY27 outlook Continuing to deliver Summa Key focus Outlook EBITDA1 EBITDA Margin Depreciation & amortisation2 Capex2 $153 - $163m 10-12% $55 – $60m $25 - $30m FY27 guidance Business as usual → Continue to win and diversify WIH with a focus on resilient end markets. → Incumbency in Digital Infrastructure → Grow recurring revenue via Locale → Continue electrical diversification and growth via Searo → Continue with strong integration framework → Keep growing and upskilling our workforce → Leverage AI technology to drive efficiency → Implement new Operating Model → Maintain prudent leverage → Deliver consistent shareholder returns Acquisitive growth → Integrate, extract synergies and maximise value across our new geographic opportunities → Opportunistic, accretive, M&A - aligned to our strategy → A key focus on electrical expansion and recuring revenue. → Complete Shamrock and together build a leading national defence contractor → Create value by delivering continued high returns on invested capital → A pipeline of further material opportunities
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19 Q&A Joe Bartolo Group Managing Director Scott McQueen Chief Financial Officer Nabeel Sadaka Chief Executive Officer
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20 Appendices
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2026 results presentation Appendix Statutory to normalised results reconciliation For the year ending 30 June 2026 21 $m Statutory FY26 M&A IT Projects Restructure Bargain acquisition2 Normalised FY26 Revenue 1,137.8 - - - (2.8) 1,135.0 Operating expenses (1,029.3) 14.5 2.8 1.4 - (1,010.7) EBITDA 108.4 14.5 2.8 1.4 (2.8) 124.3 Depreciation & amortisation (46.3) - - - - (46.3) EBIT 62.1 14.5 2.8 1.4 (2.8) 78.0 Net finance costs (12.1) - - - - (12.1) Share of JV profits 0.8 - - - - 0.8 Net profit before tax 50.8 14.5 2.8 1.4 (2.8) 66.7 Income tax expense1 (8.1) (4.3) (0.8) (5.2) 0.8 (17.6) Net profit after tax 42.7 10.1 1.9 (3.8) (2.0) 49.0 Acquired amortisation 3.1 - - - - 3.1 NPAT-A 45.8 10.1 1.9 (3.8) (2.0) 52.1 1. Tax impacts are calculated using a nominal rate of 30%. ‘Restructure’ impact Includes a tax benefit of $4.797m associated with ACA restructure which has been normalised out. 2. Bargain acquisition related to acquisition of Timms Group and L&D Contractors. Refer to Note 5.1 Business Combinations.
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2026 results presentation Appendix Our people, industry and community Creating meaningful opportunities for our people, industry and communities 22 Promoting industry excellence Supporting communities Investing in capability 67 Apprentices and trainees 26 Graduates in Symal’s FY26 intake, with 1,000+ applications to Symal’s expanded national Ignite Graduate Program for 2027 15 Emerging Leaders program participants for FY26 10 Industry excellence award wins recognising our people $300k raised in our annual Fight Cancer Foundation's Footy Colours Day fundraiser 15 Industry partnerships for a sustainable construction industry $440k to 50+ social causes and grass roots sponsorships 25k Training hours completed in FY26
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2026 results presentation Appendix Shamrock Civil1 Our defence platform transformed 23 Consideration2 $40.8m cash and $10.2m scrip EBITDA3 ~$16m Work-in-hand $130m 1. Symal announced the signing of a conditional purchase agreement for Shamrock Civil on 17 June 2026 subject to closing conditions. 2. Upfront purchase price, excluding any potential earn outs. $16.1m ($5.9m cash and $10.2m scrip) of which is deferred pending commercial and legal matters being finalised. 3. Annualised normalised EBITDA estimate. Not guidance. 4. For full details refer to ASX releases “Symal’s defence and resources platform transformed” and “Symal acquires leading national defence contractor” released 17 June 2026. Scaled defence platform Adds $100m average annual defence revenue across a pipeline that is ~70% defence-weighted with a ~50% proven win rate. Aligned and founder-led Self-performing business with founders aligned and remaining in day-to-day operations post completion. Enhanced resources exposure Adds 20-years of gas sector experience in the Surat Basin, with established relationships across QGC, Arrow Energy, Santos and Origin. National geographic reach Seven complementary locations extend Symal's footprint into the Northern Territory and unlock opportunity in the broader Pacific region. Credentialed and incumbent Established Department of Defence position, DFAT and AIFFP panels, NAVFAC eligibility and the 49% Indigenous joint venture WSU Civil. Platform set for growth Expected to be earnings accretive in first full year of ownership with EBITDA contribution of ~$16m3 Opportunity for margin growth with Symal’s backing
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2026 results presentation Appendix Searo Exponential organic growth 24 Addressable market $34b $32b $30b $17b $16b $14b Renewables Transport Data Centres Utilities Resources EV Searo has been awarded EBOP contract and delivered its first 107MW utility-scale solar farm $143b Strategic growth Work-in-hand $15m Work-in-hand growth of 150% during FY26 $1.1b Currently tendered opportunities including large-scale ECI projects Pipeline and ECI $1.5b Further opportunities coming to market in the near future Near-term opportunities 190% Increase in Searo workforce in FY26 to drive continued expansion Workforce → Capture HV/substation opportunities on digital infrastructure • Continue growth in Heavy Vehicle EV depots → Drive organic growth and find acquisitive opportunities
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2026 results presentation Integration progress → Fully integrated. → >20% ahead of investment case. → Completed integration of assets and Symal systems → Pipeline developing. → Consolidated office and yards to obtain Synergies Achievements to date → EBIDTA >20% above investment case → 75% workforce growth since acquisition → Symal’s vertical integration model unlocked $50 million major projects market → Awarded emergency call-out & fault response contract across the PNS2 network → Invited to tender for a $60m resources project due to integrated offering → Yatala facility has optimised Queensland logistics leading to cost savings and project efficiencies Outlook → Further expansion within existing distribution network through Powercor, Citipower and United Energy → Expand offerings to the existing network through Symal synergies → AI Infrastructure HV lead in connection works → Interstate expansion → Leverage relationships to increase exposure to gas & water projects in NSW & QLD → Larger project opportunities to participate in → Grow and develop onsite personnel → Major infrastructure focus in QLD → Olympics participation 100% Appendix New businesses supporting growth and diversification Acquired to grow, positioned to win 25 1. Represents annualised revenue based on actual contribution for FY26. 2. Power Network Services. Financial Operational Retention Synergies Revenue1: $45m VIC $235m 100% utilities 87% $105m 30% energy Revenue1: $13m QLD Financial Operational Retention Synergies WIH + pipeline:WIH + pipeline:
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2026 results presentation Integration progress → Early integration and ramp-up. → FY27 delivery focus. → Integrating Symal systems → Consolidation of offices and yards providing early synergies. → Early integration and ramp-up. → FY27 delivery focus. → Integrating Symal systems → Consolidation of offices and yards providing early synergies. Achievements to date → Expanded Pre Contracts department to address opportunities → Meetings with existing clients and introducing Symal and explaining the synergies and group strengths → Expanded Pre Contracts department to address opportunities → Meetings with existing clients and introducing Symal and explaining the synergies and group strengths → Invited by Tier 1 contractor to tender for $50m project due to Symal’s reputation → Strengthened Davison's relationship with Multiplex by drawing on Symal's complementary sub-structure capabilities Outlook → Provide self-performing expertise as a subcontractor on Queensland infrastructure pipeline → Landfill facility proximity to Olympics and airport projects increases competitive advantage → South-East Queensland opportunities growing. Olympics, Infrastructure, Data Centres, Facilities, Airports → Expand digital infrastructure footprint into SA → Combine with Shamrock to bid larger, more complex jobs and capture multiple scopes per project Appendix New businesses supporting growth and diversification Acquired to grow, positioned to win 261. Represents annualised revenue based on actual contribution for FY26. 70% Revenue1: $55m QLD $205m >50% private clients $85m 15% defence and energy 55% Revenue1: $20m SA Financial Operational Retention Synergies Financial Operational Retention Synergies WIH + pipeline:WIH + pipeline:
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2026 results presentation Appendix Analyst notes 27 Locale McFadyen L&D/Timms Davison Shamrock Financial close 31 August 2025 31 October 2025 17 March 2026 31 March 2026 Est. Q1 FY27 Ownership stake 100% 100% 100% 80% 100% Upfront payment $25.5m 100% cash $10.8m 100% cash $24.8m 100% cash $20.5m 100% cash $51.0m 80% cash/20% scrip4 Potential earn out $5.7m to be paid based on FY26 performance N/A FY26 and FY27 EBITDA performance based Put/call options retained exercised 4 – 5 years from completion 4x EBITDA above threshold capped at $28.4m 80% cash / 20% scrip Plant and equipment value $0.4m $9.35m $26.5m $11.8m Pending PPA Amortisable intangibles $25.5m $0.8m $3.8m $4.8 Pending PPA Normalised EBITDA1 EBITDA Margins D&A2 Capex2 Dividend policy FY27 Guidance $153 – 163m 10% - 12% $55 – 60m $25 – 30m 30-50% NPAT 1. EBITDA guidance includes assumed pro-rata contribution from Shamrock Civil based on proforma $16m pern annum EBITDA estimate provided in announcement of acquisition. 2. Includes depreciation and amortization on plant and equipment, leases and intangibles. Excludes estimates for Shamrock Civil – subject to final purchase price allocation (PPA). Capex excludes Shamrock Civil, other acquisitions and earnouts. 3. Refer to Note 5.1 of the FY26 financial accounts for full details of FY26 performance and acquired assets. Upfront payment amounts are net of completion adjustments and acquired cash. 4. $16.1m of the upfront payments are deferred ($5.9m cash and $10.2m SYL shares) pending a commercial and legal matter being finalised. Upfront payment may reduce cannot exceed $51.0m. FY27 guidance Acquisition details3
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2026 results presentation Appendix Important notice 28 This document is dated 24 August 2026 and has been prepared by Symal Group Limited ACN 130 808 276 (“Symal”). This presentation has been authorised for release by the Board of Symal. Summary information This material has been prepared only as a presentation aid and contains summary information about Symal and its business which is current as at the date of this presentation unless otherwise stated. This material has been prepared for information purposes only. This presentation should be read in conjunction with Symal’s most recent financial report and other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange (”ASX”), which are available at www.asx.com.au under the Company’s ticker code (ASX:SYL). Not an offer of securities This material is not a prospectus, product disclosure document or other offering document under Australian law or under the law of any other jurisdiction. This material does not contain all of the information that may be required for evaluating Symal, its assets, possible valuation, prospects or potential opportunities. This presentation does not purport to be complete and should be read together with Symal’s other ASX announcements and disclosures. No liability Symal has prepared this presentation based on information available to it at the time of preparation. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, Symal, its professional advisers and their affiliates and related bodies corporate and their respective officers, directors, employees and agents disclaim any liability arising from any use of this presentation or otherwise arising in connection with it, whether arising in negligence, contract, equity or otherwise. While it has been prepared from sources Symal believes to be reliable, Symal cannot guarantee its accuracy or completeness and other than as required by law – Symal undertakes no obligation to advise of changes or updates to any such materials. Neither Symal nor any other entity or person in or associated with Symal guarantees any return (whether capital or income) or generally the performance of Symal or the price at which its securities may trade. Except as otherwise expressly stated in this presentation, Symal has not authorised any person to give any information or make any representation which is not contained in this presentation. Any such information or representation not contained in this presentation must not be relied upon as having been authorised by, or on behalf of, Symal. Forward looking statements Forward-looking statements in this presentation are made on the basis of reasonable grounds and assumptions believed to be reasonable as at the date of this presentation. Forward-looking statements speak only as at the date of this presentation. Where relevant, material assumptions underlying forward-looking statements are set out in this presentation. This presentation contains information, forecasts and forward- looking statements in respect of which there is no guarantee of future performance and which of themselves involve significant risks (both known and unknown). Forward-looking statements are statements that are not historical facts. Words such as “expect(s)”, “feel(s)”, “believe(s)”, “will”, “may”, “anticipate(s)” and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements regarding future results, regulatory approvals, production targets, sales etc. All of such statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond the control of Symal, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward- looking information and statements. These risks and uncertainties include, but are not limited to Symal's prospects, assets, projects and business strategy. None of Symal, its Directors or officers can give, or gives, any assurance that the results, performance or achievements expressed or implied by the forward- looking statements contained in this document will actually occur or that the assumptions on which those statements are based may change or prove to be incorrect beyond the date of its making. Readers are cautioned not to place undue reliance on these forward- looking statements. Except to the extent required by law, Symal has no intention to update or revise forward- looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this presentation. You are cautioned not to place undue reliance on these forward- looking statements. There can be no guarantee that Symal will achieve its stated objectives or milestones, that its forecasts will be met or that forward looking statements will be realised. Not financial product advice These materials do not take into account any specific objectives, financial situation or needs of any recipient or user. For these and other reasons, before undertaking any evaluation of Symal, its assets, prospects or opportunities you are strongly recommended to obtain your own independent legal, financial, taxation and commercial advice. Financial information All dollar values are in Australian dollar ($A) unless otherwise stated. Figures in this presentation are subject to rounding. The company is a kind referred to in Corporations Instrument 2016/191, issued by the Australian Securities and Investments Commission relating to ‘rounding-off’. Amounts in this report have been rounded off in accordance with the Corporations Instrument to the nearest thousand dollars, or in certain cases, the nearest dollar. This presentation refers to certain financial measures that are 'non -IFRS financial information' under ASIC Regulatory Guide 230: 'Disclosing non -IFRS financial information' and are not recognised under Australian Accounting Standards (AAS) and International Financial Reporting Standards (IFRS). The non-IFRS financial information includes normalised and pro forma results, EBITDA, EBIT, net debt and others. Such non -IFRS financial information does not have a standardised meaning prescribed by AAS or IFRS. Accordingly, the non -IFRS financial information may not be comparable to similarly titled measures provided or used by other companies and should not be interpreted as an alternative to other financial measures determined in accordance with AAS or IFRS. While Symal believes these non -IFRS financial measures provide useful information about the financial performance and condition of Symal, investors are cautioned not to place undue reliance on any non -IFRS financial information included in this presentation. The non -IFRS financial information in this presentation has not been audited or reviewed in accordance with AAS. Past performance Past performance of the Company cannot be assumed as indicative of the future performance. There is no guarantee of future performance. Actual results may differ materially from those expressed or implied in this presentation.
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