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www.trajanscimed.com 27 August 2026 FY26 Results July 01, 2025 – June 30, 2026 Stephen Tomisich, CEO and Simon Billingham, Interim CFO – Webcast
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2 Components & Consumables Recurrent Revenue; multiple channels to market; regional agility. Trajan Scientific and Medical Snapshot Capital Equipment Unique software; customised automation; for clinical, pharmaceutical, food and environmental sample analysis. Disruptive Technologies Decentralised analytical sample monitoring; accessible devices and platforms. Operating Segments A global developer and manufacturer of analytical and life science products and devices, founded in 2011 to have a positive impact on human wellbeing. Trajan’s products and solutions are used in the analysis of biological, food, and environmental samples. These technologies support the move towards decentralised, personalised data-based healthcare. An organisation of approximately 600 people, based across nine manufacturing and operations sites in the US, Australia, Europe and Asia.
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FY26 Financial Summary
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4 FY2026 Financial Summary KEY POINTS • Revenue: Reported revenue declined due to forex volatility. Underlying H2 FY26 revenue was impacted by circa $5.0M due to AUD appreciation. • nEBITDA: H2 FY26 nEBITDA increased to $8.1M, up 61.8% from H1 FY26 $5.0M, driven by the realisation of cost efficiency measures. With group H2 nEBITDA rising to $10.5M on a fixed currency basis (AUD adjusted to H1 Forex rates). • Proforma Gross Margin: Reported margin declined during H1. In H2 FY26 it increased to 40.6% (+3.2 pts vs H1), and 41.2% in H2 at H1 Forex rates. • NPATA: Growth of NPATA reflects improved underlying profitability and disciplined cost management, particularly in H2. • AUD appreciation: Sustained appreciation in H2 FY26. Approximately 85% of Trajan revenues derived in USD and EUR. REVENUE & EARNINGS Group Revenue $161.4M [PCP: $166.5M] Down 3.1% Group nEBITDA $13.2M [PCP: $15.5M] Down 14.7% Proforma Gross Margin [PCP: 39.8%] Operating NPATA $2.2M [PCP:$0.8M] Up 191.3% FINANCIAL POSITION Cash $12.6M [PCP $11.9M] Up 6.5% Net Debt $34.6M [PCP: $29.5M] Up17.0% 38.9% Down 0.8pts 1. Operating Net Profit After Tax plus Amortisation (NPATA) is Statutory NPAT excluding restructuring costs, acquisition costs, imp act from FECs revaluation, amortisation of acquired intangible assets. 2. nEBITDA is statutory EBITDA excluding restructuring costs, acquisition costs and impact from FECs revaluation. FOREX FY2026 AUD:USD and EUR
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5 FY26 Overview Resilient Performance Building Momentum in H2 FY26 Mixed Trading Conditions • External margin pressure volatility and “in-region, for-region” transition impacted full year result • Robust Components & Consumables, demonstrated stability in our major business segment • Capital Equipment weaker, although year end order book exhibited growth over prior year • Recurring revenues in Disruptive Technologies from microsampling routine patient monitoring Neptune Gains in FY26 • Operating productivity gains grew in momentum in H2 FY26 • Proforma Gross Margin ended at 38.9% with a 3.2 point uplift from H1 (37.4%) to H2 (40.6%) • Full year FX-adjusted* nEBITDA was within 2.5% of guidance ($2.4M AUD Forex effect) • Full year FX-adjusted* Group Revenue was within 2.2% of guidance ($5.0M AUD Forex effect) * FX was adjusted for AUD appreciation in H2 to the average Forex rates in H1
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6 Impacts on FY26 Results Headwinds • Macroeconomic environment • Government funding delays impacted sales. • Restructures in Pharma and Food accounts in FY26 prevented some planned Capital Equipment purchases. • General slow down in growth across the Food sector most likely linked to volatility of the macroeconomic environment. • Geopolitical unrest • AUD sustained appreciation in H2 impacted reported results by circa $5.0M in Revenue and $2.4M in nEBITDA.* * FX was adjusted for AUD appreciation in H2 to the average Forex rates in H1
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7 $11M nEBITDA was Predicted for H2 • The H2 nEBITDA result of $8.1M** showed an uplift of 61.8% compared to the first half result ($5.0M nEBITDA in H1). • When FX adjusted, we achieved $10.5M** nEBITDA in H2, a 109.3% uplift **This result was impacted by the appreciation in the AUD and, when adjusted to the average Forex rates in H1, would have translated to $10.5M nEBITDA in H2, a 109.3% uplift on H1. Predicted H2 nEBITDA bridge: • baseline nEBITDA • Resource reductions, $0.8M. • Pricing actions, $1.3M. • Supply Chain and growth initiative, $0.3M.
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8 Impact of Improvements in H2 Tangible operational initiatives were realised: • Project Neptune cost reductions in headcount and facilities gave an uplift of $1.2M in H2. • Reduction in Corporate Services headcount achieved a further uplift of $1.2M in H2. • Pricing actions effective 01 January 2026 contributed to an increase in Gross Profit Margin in H2 of 3.2pts over H1. • Supply chain growth initiative also contributed a reduction of approximately $0.9M in H2. Future Cost Structure Position • FTE (Full-time Equivalents) reduced by 45.4 from September to June 2026 • We enter FY27 now under 600 FTE 590 600 610 620 630 640 650 Jul 25 Aug 25 Sep 25 Oct 25 Nov 25 Dec 25 Jan 26 Feb 26 Mar 26 Apr 26 May 26 Jun 26 Jul 26 Trajan Staff FTE
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9 Evidence of Building Momentum Uplift in nEBITDA across the group during FY26 • As the actions took hold, we saw momentum build, despite the adverse impact of AUD appreciation. $- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 Q1 Q2 Q3 Q4 AUD $K Trajan FY26 nEBITDA by Quarter
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10 Demonstration of Consistent Growth Resilience in, Components and Consumables, our largest Business Segment is evident. Annualised revenue, at monthly resolution and fixed Forex rates, reveals that post destocking (March 2024), growth rate is back to normal. $86,000,000 $87,000,000 $88,000,000 $89,000,000 $90,000,000 $91,000,000 $92,000,000 $93,000,000 $94,000,000 $95,000,000 $96,000,000 Jul 2023 Sep 2023 Nov 2023 Jan 2024 Mar 2024 May 2024 Jul 2024 Sep 2024 Nov 2024 Jan 2025 Mar 2025 May 2025 Jul 2025 Sep 2025 Nov 2025 Jan 2026 Mar 2026 May 2026 Jul 2026 AUD $ Components & Consumables Sales, Moving Annual Total Fixed Forex ($A = $US0.75c.)
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Operating Segments
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12 Components & Consumables Net Revenue $102.6M 2025:$102.7M Gross Margin 39.3% down 2.3pts 2025: 41.6% nEBITDA* $32.1M down 7.9% 2025:$34.9M * nEBITDA is statutory EBITDA excluding restructuring costs, acquisition costs, and impact from FECs revaluation. • Fixed FX basis sales growth +2.2% for FY26; H2 up 3.0% vs H1, reflecting continued underlying growth. • Margin impacted by H1 in-region, for-region investments; recovered from H1 margin of 37.5% to H2 margin of 41.0%. • Consumable launches in 2026 included (constant bore) CB Emitters at ASMS and more recently Pure- Pass GLC, (glass-like coating) well plates at ADLM.
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13 Capital Equipment 27.1 30.2 27.6 26.3 29.9 28.7 29.1 23.9 5.3 6.7 5.1 4.6 5.6 4.1 4.8 3.7 Capital Equipment Revenue nEBITDA Net Revenue $52.9M down 9.7% 2025:$58.6M Gross Margin 36.3% up 1.2pts 2025:35.1% nEBITDA* $8.6M down 11.7% PCP $9.7M * nEBITDA is statutory EBITDA excluding restructuring costs, acquisition costs, and impact from FECs revaluation. • Revenue impacted by softer market conditions; • low government funding in North America, and • the response of food and pharmaceutical companies to volatile macroeconomic conditions. • Gross margin expanded 1.2pts to 36.3%, with H2 margin reaching 37.4% driven by input cost management and operational improvements. • The year ended with a Capital Equipment order book of $8.7M indicating continued customer commitment to Trajan Workflow Solutions.
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3.0 2.6 2.2 2.7 2.2 2.9 3.1 2.8 -2.3 -2.1 -2.9 -2.0 -1.0 -0.5 -0.3 -0.3 -4.0 -2.0 - 2.0 4.0 6.0 8.0 10.0 - 0.5 1.0 1.5 2.0 2.5 3.0 3.5 Disruptive technolgoies Revenue nEBITDA 14 Disruptive Technologies Net Revenue $5.9M up 14.2% 2025: $5.2M Gross Margin 57.2% up 0.2pts PCP 57.0% nEBITDA* ($0.6M) up 58.2% 2025 ($1.5M) * nEBITDA is statutory EBITDA excluding restructuring costs, acquisition costs, and impact from FECs revaluation. • Stronger FY26 performance across all financial metrics, underpinned by sustained microsampling sales growth. • Mitra® devices are now used as a routine tool in therapeutic drug monitoring of transplant patients in Europe. • New microsampling product launch planned for precise volumetric sampling of biological fluids in FY27.
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15 Cashflow Summary FY2026 ($M) FY2025 ($M) Normalised EBITDA* 13.2 15.5 Income tax payments (0.8) (0.4) Changes in working capital (5.2) 2.2 Finance costs (3.9) (3.7) Non-cash items (1.8) 4.2 Normalised Operating cash flow (OCF) 1.5 13.4 Capital expenditure (3.4) (4.1) Free cash flow (FCF) (1.9) 9.3 Cash conversion ratio (Normalised EBITDA to Normalised OCF) 0.11 0.86 • Cash conversion reflects strategic working capital investment in: • Supply chain resilience and support for growth across key international markets. • Timing of our ERP implementation in Germany, affecting working capital at the year end. • Investment in our ‘in-region, for-region' strategy in H1. • Movement in working capital mainly due to increase in inventories $1.7M, decrease in receivables $1.0M, reallocation of demo inventory to fixed assets $1.0M, and decrease in payables $5.5M. • Non-cash items relate to cost of Trajan’s long term employee share option plan and FX movement. • Lower investment in capital expenditure in line with cash management measures. • Net Debt increased by 17%, from $29.5M to $34.6M. • Supported by a robust cash balance, Trajan is positioned to execute its capital management priorities, including inventory optimisation and debt reduction * nEBITDA is statutory EBITDA excluding restructuring costs, acquisition costs, and impact from FECs revaluation.
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16 FY27 Outlook Outlook • We expect nEBITDA momentum to continue. • Note; one-off restructuring costs are part of that progression. • The cost base will continue to reduce. • The currency risk remains, however: • We have hedging at sub USD $0.70c through to June 2027. • As we progress offshore manufacturing, exposure to the AUD diminishes. • We have assumed current FX rates in our FY27 plan. • The softness in Capital Equipment Food portfolio continues but: • We have planned modest growth in FY27. • We are growing the service, consumables and software “attachment rate” with new and installed instruments. • Pharma is back in growth mode with new product releases planned. • We expect to return to a debt reduction mode with improved cash conversion.
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17 FY27 Guidance Given improved momentum seen since Q2 FY26, even at current exchange rates, the company expects to achieve: • Mid-single digit organic revenue growth in FY27 and • Double-digit nEBITDA growth in FY27 over pcp* (* pcp prior comparable period) We anticipate to provide more specific guidance on FY27 revenue and nEBITDA targets post-Q1, at the October AGM.
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Fundamentals
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19 Ongoing, Stable and Strong Business Foundation - Built for Scale and Changing Market Trends Trusted Market Position Diversified Global Platform Innovation & Long-Term Value Creation
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The material in this presentation is general background information about Trajan Group Holdings Limited (Trajan) and is current at the date of the presentation, 27th August 2026. The information in the presentation is provided for information purposes only, is in summary form and does not purport to be complete. It should be read in conjunction with Trajan’s other announcements to the ASX, including the FY26 Annual Report, Results announcement, and Appendix 4D. It is not intended to be relied upon as advice to current shareholders, investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular shareholder or investor, taxation situation or needs of any particular investor. A shareholder, investor or potential investor must not act on the basis of any matter contained in this presentation but must make its own assessment of Trajan and conduct its own investigations and analysis. No representation is made as to the accuracy, completeness or reliability of the presentation. Trajan is not obliged to, and does not represent that it will, update the presentation for future developments. All currency figures are in Australian dollars unless otherwise stated. Totals and change calculations may not equate precisely due to rounding. This presentation contains statements that are, or may be deemed to be, forward-looking statements. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms “believe”, “estimate”, “plan”, “target”, “project”, “anticipate”, “expect”, “intend”, “likely”, “may”, “will”, “could” or “should” or similar expressions, or by discussions of strategy, plans, objectives, targets, goals, future events or intentions. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. You are cautioned not to place undue reliance on such 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 Trajan or any of its related entities which may cause actual results to differ materially from those expressed or implied in such statements. There can be no assurance that actual outcomes will not differ materially from these statements. Past performance is also not indicative of future performance, and no guarantee of future returns is implied or given. Nothing contained in this presentation is, or shall be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of Trajan. By reading this presentation you agree to be bound by the limitations set out in this disclaimer. No representation or warranty, express or implied, is made as to the accuracy, reliability, completeness or fairness of the information, opinions, forecasts, reports, estimates and conclusions contained in this presentation. To the maximum extent permitted by law, neither Trajan nor any of its related entities, or their respective directors, employees or agents, nor any other person accepts liability for loss arising from the use of or reliance on information contained in this presentation or otherwise arising in connection with it, including without limitation any liability from fault of negligence. Disclaimer
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www.trajanscimed.com Q&A
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www.trajanscimed.com22 Thank you