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FY2026 Results A G E N D A Business performance Chris Ashton Financial performance Justine Travers Strategy and outlook Chris Ashton 26 August 2026 1 2 3
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Worley acknowledges and pays respect to the past, present and future Traditional Custodians of Country throughout Australia and extends this acknowledgement and respect to First Peoples in all countries in which we operate. Artwork “Tracks We Share” by Contemporary Indigenous Artist Lauren Rogers, for Worley. 2Worley | Full year results 2026 The information in this presentation about Worley Limited and the entities it controls (Group) and the Group’s activities is current as at 26 August 2026 and is in summary form and is not necessarily complete. It should be read together with the Company’s Appendix 4E, Annual Report for the full-year ended 30 June 2026 and other announcements lodged with the Australian Securities Exchange. This presentation is not intended to be relied upon as advice to investors or potential investors. Investors should seek qualified advice before making investment decisions. This presentation contains forward-looking statements. Such statements may include, but are not limited to, statements regarding energy and transition-related assumptions and expectations of energy consumption and related emissions. It also contains statements about future demand for Worley’s services, global market conditions, and management plans, goals and strategies. The presentation also covers current expectations with respect to Worley’s business and operations, financial conditions and market practices, capital costs and scheduling and the availability, implementation and adoption of new technologies. Forward-looking statements can generally be identified by the use of words such as ‘will’, ‘may’, ‘expect’, ‘exploring’, ‘target’, ‘ambition’, ‘outlook’, and other similar expressions. These forward-looking statements reflect the Group’s expectations at the date of such statements. They are not guarantees or predictions of future performance or outcomes. They involve known and unknown risks and uncertainties, many of which are beyond our control and which may cause actual outcomes and developments to differ materially from those expressed in the statements. Factors that may affect forward-looking statements include legal and regulatory changes, technological changes, changes in customer investment patterns (including in energy transition-related markets), economic and geopolitical factors including global market conditions, foreign exchange impacts, timing, award and delivery of future projects, demand and availability of highly skilled people, and risks, including physical, technology and carbon emissions reductions risks. The Group cautions readers against reliance on any forward- looking statements or guidance. The Group makes no representation, assurance or guarantee as to the accuracy, completeness or likelihood of fulfillment of any forward- looking statement, any outcomes expressed or implied in any forward-looking statement or any assumptions on which a forward-looking statement is based. Except as required by applicable laws or regulations, the Group does not undertake to publicly update or review any forward-looking statements, whether as a result of new information or future events. This presentation may include non-IFRS financial information. The non-IFRS financial information is unaudited and has not been reviewed by the Group’s external auditors. Non-IFRS financial information should not be considered as an indication of or alternative to an IFRS measure of profitability, financial performance or liquidity. Authorized for release by Nuala O’Leary, Group Company Secretary. I M P O R T A N T I N F O R M A T I O N Stronger together Disclaimer
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S E C T I O N 0 1 Business performance Chris Ashton — Chief Executive Officer Worley / Full year results 2026 Worley | Full year results 2026
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4Worley | Full year results 2026 FY26 impacted by external disruption and FX headwinds Middle East disruption, a softer operating environment and FX translation weighed on FY26 performance. Building momentum into FY27 Major project activity is growing, while cost actions and business restructuring support improved earnings. In FY27 we expect mid to high single digit growth in revenue and underlying EBITA. General note: ‘cc’ references numbers on a constant currency basis on FY25 average FX rates. 1. Excludes $120m of one-off costs relating to transformation and business restructuring. These costs relate predominantly to restructuring in Western Europe where we have seen high costs due to local labor protections. 2. Normalized cash conversion ratio to account for the movements in advanced billings between periods. Medium term growth opportunity remains strong Worley sits at the center of ECR security and affordability megatrends, with scale, relationships and expertise to deliver. We’re capturing full project delivery work-scope and leveraging our track record and skills to expand into higher growth markets to deliver our FY30 ambition. Executing amid disruption, while positioning for growth $12,023m Aggregated revenue FY25: $12,050m Constant currency: up 2.3% on pcp Reported: down 0.2% on pcp $734m Underlying EBITA1 FY25: $823m Constant currency: down 6.1% on pcp Reported: down 10.8% on pcp 93.6% Normalized cash conversion FY25: 94.9% (normalized)2 Target range 85% - 95% 25c Final dividend declared FY25: 25c K E Y M E S S A G E S F Y 2 6 F Y 2 7 B E Y O N D F Y 2 7 9.0% Underlying EBITA % (excluding procurement) FY25: 9.2% Target FY26 range 9.0% - 9.5% 78.2cps Underlying basic EPS FY25: 90.2cps $12,325m cc $773m cc 9.2% cc
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5Worley | Full year results 2026 Safety and our ESG performance F Y 2 6 P E R F O R M A N C E Continued strong ESG performance ‘A’ rating from Monash University for our Modern Slavery statement ‘A’ MSCI rating Inclusion in DJBIC3 for Australia since 2023 CDP4 ‘B’ rating, leading rating in our peer group Ecovadis ‘Silver’ rating Published our AASB S2 (Climate) disclosures in the Annual Report • Delivered another year of strong safety performance, with TRCFR and serious case frequency rates improving over the year • Continued investment in wellbeing, mental health and support networks across our global workforce • Responded to Middle East instability with a focus on safety, security and supporting our customers, with our people remaining safe Our highest priority is to keep our people safe 1. The rolling 12-month TRCFR is 0.07 (category 1-3, Jan-Dec 25). 2. 2020 Emissions base restated this year (FY26) 3. DJBIC (Dow Jones Best In Class) 4. CDP (formerly Carbon Disclosure Project) 0.07 Total Recordable Case Frequency Rate1 FY25: 0.13 at 30 June 2025 0.006 Serious Case Frequency Rate FY25: 0.02 at 30 June 2025 76% GHG emissions reduction from our 2020 base2 FY25: 73% at 30 June 2025
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Operating environment FY26 headwinds, but medium-term growth drivers remain intact External dynamics Impact on Worley Looking ahead Middle East instability Project delays and lower work volumes impacted growth in FY26 While timing of a recovery is uncertain, Worley remains in regular dialogue with customers and maintains strong relationships, integral to the rebuild process FX impact related to translation to AUD for reporting purposes With the majority of earnings coming from offshore, Worley is exploring a change to its presentation currency from Australian dollars to US dollars to reduce translation volatility Resilient business activity Strong demand fundamentals continue to support activity in key markets such as the Americas, demonstrating the resilience of our diversified portfolio Pipeline growth driven by market focus on energy and resource security, and strong demand for power O P E R A T I N G C O N T E X T $ 6Worley | Full year results 2026 Middle East disruption FX translation impact Strong demand fundamentals continue to support our medium-term growth ambition
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Worley’s differentiated market position Positioned at the center of long-duration customer capital cycles Structural demand and tailwinds Capital-light business model Global scale and market position Disciplined growth and execution Diversified earnings Capital-light delivery model with minimal balance-sheet exposure Scale and customer relationships built and sustained over decades Earnings growth through selective full project delivery1 and targeting growth markets Driving quality growth through cycles with diversification across sectors, services and geographies O P E R A T I N G C O N T E X T 7Worley | Full year results 2026 52% 17% 31% Professional services Construction & fabrication Procurement 20% 27% 27% 26% Chemicals Other Energy Integrated gas (Energy) Resources S E C T O R S 52% 37% 11% G E O G R A P H I E SS E R V I C E S Americas EMEA APAC F Y 3 0 G R O W T H A M B I T I O N Future-facing growth markets Current market growth AI-enabled full project delivery Scale benefits General note: %’s shown are based on FY26 aggregated revenue 1. We do not and will not perform competitively bid Lump Sum Turnkey work (LSTK). 2. All forward looking statements remain subject to no material deterioration in current market conditions, including currency exchange effects, forward estimates of timing, award and delivery of future projects. See page 2 for more information. Our Ambition2 is to achieve double-digit medium term underlying EBITA CAGR by FY30
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Leading indicators show strong demand L E A D I N G I N D I C A T O R S Jun-25 Jun-26 Jun-26 cc Jun-252 FY25 FY26 • Sole sourced wins at 44% – reflecting strong customer relationships • Wins across the energy and resources sectors • CP2 Phase 1 & 2 were both booked during FY262 8Worley | Full year results 2026 $12.6b $15.5b Jun-25 • Backlog remains substantial at $15.0b on a constant currency basis • Over 62% of backlog is expected to be delivered in the next 12 months • Major project delivery, timing of new awards and removal of Baytown Blue had a bearing on backlog in the latter part of H2 1. Bookings of $17.1b reported at the time of announcing FY25 results reflected bookings to date and therefore included Venture Global CP2 Phase I which reached FID in July 2025. 2. Includes CP2 Phase 1 which was booked on 28 July 2025. Worley had been providing engineering, procurement and construction planning services under a reimbursable contract so that only the remaining scope of work was moved into backlog during the period. 3. ExxonMobil’s Baytown Blue Hydrogen Project remains on pause and was therefore removed from the backlog during the year. $12.7b $16.9b $15.0b cc • Advancing our FY30 ambition: +30% growth in EPC/EPCM scopes, +49% growth in future-facing growth markets • 50% expected to be awarded next 12 months, vs 49% at pcp • +14% on pcp in consulting opportunities within total open pipeline $13.8b Jun-263 Remains healthy Awards are elevated Provides forward visibility +24% pcp +23% pcp +9% pcp B a c k l o gF a c t o r e d S a l e s P i p e l i n e B o o k i n g s 1
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1. Worley is supporting these customers across different phases of the asset lifecycle through MPP engagements 2. Increase in total open factored sale pipeline for projects with EPC or EPCM scopes 3. TIC – Total Installed Cost of an asset across its lifecycle. Approximately 75% of a project’s TIC is spent in the execution phase. 9Worley | Full year results 2026 Consulting Detailed engineering Procurement Construction Concept OperateDesign RemediateExecution A S S E T L I F E C Y C L E % OF TOTAL INSTALLED COST11-5% 5-10% % ~75% of TIC3 in execution phase +20customers selected Worley for MPP work1 in FY26 +10countries across 3 regions L E A D I N G I N D I C A T O R S Our major projects and programs strategy is supporting our FY30 growth ambition Full project delivery within our risk appetite enables access to a materially larger share of our customers spend W H A T M A K E S W O R L E Y ’ S MA J O R P R O J E C T S A N D P R O G R A M S ( M P P ) D I F F E R E N T 45% of backlog is EPC or EPCM Digital backbone Global capability Flexible delivery / focused execution Advanced Work Packaging creates a common digital thread across the project lifecycle. Multi-geography teams connect specialist expertise to projects globally. Flexible contracting models and Project Delivery Centers enable consistent execution globally. on pcp for EPC | EPCM in pipeline2 +30% Supports predictable, integrated delivery across the project lifecycle, from concept through EPC to operation of an asset F U L L P R O J E C T D E L I V E R Y :
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>$10b Bookings in FY26 Integrated gas Energy Transition Materials Gas remains the anchor of the global energy system – especially electrification Energy Transition Materials underpin electrification and the energy transition Complex Critical Infrastructure Data centersPower Nuclear Industrial water Ports and Terminals Central to economic resilience, requiring integrated, multi-disciplinary delivery capabilities+49% on pcp in total open pipeline in FY26 F Y 2 6 S T R A T E G I C W I N S1 • Full Notice to Proceed on first phase of CP2 project • Reimbursable EPC contract for Phase 2 of the CP2 Project • Technical Advisor for WA Westport Program • Chevron Cyrus award Aphrodite Gas Field Development FEED • FEED for Dow Path2Zero Cogen project in Canada • Award of framework agreement by Equinor Energy in Norway • APA Group awarded engineering services agreement • Aramco awarded agreement for project management consultancy • American Electric Power awards engineering services contract • Worley selected by Samsung C&T for CO2 sequestration project • Orbia awards Worley Engineering and Design Services contract • Rio Tinto appoints Worley for BS1 EPCM services • EPCM contract for Padeswood Carbon Capture and storage project 1 2 3 4 5 6 11 F Y 2 7 W I N S S O F A R2 • EPC contractor for proposed new power station at Connah’s Quay for Uniper • TC Energy selects Worley-led team to support next phase of Ontario energy storage project • Engineering services for USSM’s multi-metallic processing hub • Framework agreement with INPEX • Pre-FEED study for Abeona CCS project for Petrogas • Feasibility studies for Anglo Asian Mining Azerbaijan copper feasibility studies 7 8 9 10 1. Based on select Worley ASX releases in FY26 2. See Worley ‘News’ for more details: www.worley.com 14 15 16 17 18 19 1 2 3 4 5 6 7 8 10Worley | Full year results 2026 9 10 11 14 16 17 18 19 12 13 12 13 Integrated gas Energy Transition Materials Complex Critical Infrastructure Other subsectors MPP Project L E G E N D 15 L E A D I N G I N D I C A T O R S Structural demand is driving growth across our future-facing markets
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Energy $6,373m Aggregated revenue FY25: $5,898m | Up 8% on FY25 Energy remains our largest sector supported by strong underlying demand drivers. Over the course of the year, aggregated revenue increased 8% and we are seeing EPC opportunities progressing through the pipeline. S I G N A L S T O W A T C H 01 LNG project timing and conversion • Major LNG opportunities continue to progress towards execution • Timing of regulatory approvals remains the key determinant of activity levels Chemicals Revenue split 26% 27% ResourcesIntegrated gas K E Y S U B S E C T O R S F O R F Y 2 7 02 Middle East activity • Extended duration of the conflict impacting customer spending and project execution • Key indicator of the pace of regional normalization 03 Power and energy infrastructure investment • Accelerating energy demand driven by data centers is supporting investment in gas- fired, renewables and nuclear projects • Expanding source of activity beyond traditional oil and gas 11Worley | Full year results 2026 S E C T O R U P D A T E S I N T E G R A T E D G A S OIL P O W E R Energy
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12Worley – Investor Day 2026 P h o t o c r e d i t : Venture Global Connah’s Quay Low Carbon Power project (EPC) Uniper We are supporting Uniper as the preferred EPC contractor for the planned Connah’s Quay Low Carbon Power Project in the UK following a competitive FEED process. If developed, the project would combine gas-fired generation with carbon capture technology and connect to the HyNet industrial cluster for the transport and permanent storage of captured CO2 emissions. 12Worley | Full year results 2026 1. The project is still included in Worley’s pipeline 2. A Development Consent Order (DCO) application was submitted by Uniper in August 2025, with the decision expected in the coming months. Image supplied by Uniper
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Chemicals $2,368m Aggregated revenue FY25: $3,050m | Down 22% on FY25 Chemicals remains a structurally significant long-term market, although near-term conditions remain challenging. While FY26 was impacted by project cancellations and lower activity in some regions, we continue to see investment in refining, decarbonization, ammonia-based fertilizers and select low-carbon fuels markets. S I G N A L S T O W A T C H 01 Refining investment • Regionalization of production for energy security • Investment in debottlenecking and efficiency, product slate changes, decarbonization and life-extension projects • Supports recurring demand across existing asset base K E Y S U B S E C T O R S F O R F Y 2 7 02 Petrochemical capacity rationalization • Customer investment decisions expected to progress as global capacity rebalances • Key determinant of activity levels across parts of the chemicals market 03 Low-carbon fuels project progression • SAF mandates are expected to drive a supply shortfall without near-term project development • Progression to FID over the next 12 months will be a key indicator to future investment activity 13Worley | Full year results 2026 S E C T O R U P D A T E S R E F I N E D F U E L S P E T R O C H E M I C A L S S P E C I A L T Y C H E M I C A L S 20% ResourcesIntegrated gas Chemicals Energy Revenue split
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14Worley – Investor Day 2026 P h o t o c r e d i t : Venture Global Padeswood carbon capture and storage project (EPCM) Heidelberg Materials We are providing EPCM services for Heidelberg Materials’ Padeswood carbon capture project in North Wales. The facility is designed to capture around 800,000 tonnes of CO₂ annually, supporting the production of near-zero cement and advancing industrial decarbonization in the UK. 14Worley | Full year results 2026
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Resources $3,282m Aggregated revenue FY25: $3,102m | Up 6% on FY25 Resources has been our fastest growing sector over the last 4 years, underpinned by enduring, structural demand fundamentals. FY26 growth was driven by increasing activity across mined fertilizers, copper and battery materials, with continued investment in iron ore. We are also seeing uplift in demand across the Aluminium value chain. S I G N A L S T O W A T C H 01 Copper projects progressing • Electrification, data centers and grid investment support long-term structural demand • Brownfield expansions are critical to meet short term supply gaps • Closing the supply gap requires greenfield developments, alongside technology advancements to improve recovery from marginal ore bodies K E Y S U B S E C T O R S F O R F Y 2 7 02 Fertilizer supply chain impact • Conflict in Middle East affecting sulphur supply, impacting some fertilizer projects • Potash projects progressing at pace • Population growth and reduction in arable land underpinning fertilizer fundamentals 03 Battery materials market resurgence • Strengthening pipeline of projects • Broadening value chain exposure for Worley from mineral extraction, active materials through to recycling • Partnerships essential to provide agile, integrated solutions for customers, enhancing project certainty 15Worley | Full year results 2026 S E C T O R U P D A T E S M I N E D F E R T I L I Z E R S C O P P E R B A T T E R Y M A T E R I A L S Integrated gas Resources Energy Revenue split Chemicals 27%
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Worley – Investor Day 2026 P h o t o c r e d i t : Venture Global Jansen Potash Mine BHP BHP’s Jansen Potash Project in Canada is the largest private investment in Saskatchewan's history and is expected to become one of the world’s largest potash mines. Located on Treaty 4 territory and the homeland of the Métis, the multi-stage project is on track for first production in mid-2027 and will provide a significant new source of potash to support global food production. Worley is delivering fabrication, modularization and construction of key facilities, including the Dry Mill Processing facility and Rail Loadout system. Through a digital-enabled delivery approach and our Indigenous partnership with George Gordon Developments Ltd, Worley is supporting the delivery of this world-scale potash operation. 16Worley | Full year results 2026
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S E C T I O N 0 2 Financial performance Justine Travers — Chief Financial Officer Worley / Full year results 2026 Worley | Full year results 2026
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• While FY26 revenue was broadly flat, earnings were impacted by Middle East disruption ($58m), a challenging operating environment in key markets, FX translation and softer activity in parts of the Chemicals market • EBITA Margin (ex procurement) was within our outlook target range • One-off costs related to restructuring activities of $120m were excluded from underlying EBITA but are reflected in the statutory NPATA • Cash conversion remained strong and within target range, reflecting continued operating discipline • Returned $359m to shareholders through on-market share buyback programs 18Worley | Full year results 2026 General note: ‘cc’ references numbers on a constant currency basis based on FY25 average FX rates. 1. See page 35 for the reconciliation of underlying to statutory result. 2. Normalized cash conversion ratio to account for the movements in advanced billings between periods. Key financials $12,023m Aggregated revenue FY25: $12,050m FY26 cc: $12,325m $734m Underlying EBITA1 FY25: $823m FY26 cc: $773m $395m Underlying NPATA FY25: $475m FY26 cc: $417m $306m Statutory NPATA FY25: $475m FY26 cc: $329m 93.6% Normalized2 cash conversion FY25: 94.9% (normalized) Target range 85% - 95% $500m Buyback completed Additional $300m buyback ongoing $24m returned as at 30 June 2026 F I N A N C I A L P E R F O R M A N C E
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$823m $734m $773m FY25 FY26 FY26 cc $12,050m $12,023m $12,325m FY25 FY26 FY26 cc 9.2% 9.0% 9.2% FY25 FY26 FY26 cc 6.8% 6.1% 6.3% FY25 FY26 FY26 cc U n d e r l y i n g E B I T AR e v e n u e ( e x p r o c u r e m e n t ) U n d e r l y i n g E B I T A M a r g i n Drivers of FY26 Results F I N A N C I A L P E R F O R M A N C E Headwinds • Growth expectations were impacted by the conflict in the Middle East, a softer operating environment and a slower market in chemicals • FX translation impact Positive contributors • Resilience in EBITA margin (ex procurement) • Cost out program exceeded target benefiting FY27+ Business mix • Major project activity shifted business mix towards construction & fabrication and procurement 19Worley | Full year results 2026
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FX sensitivity and translation impacts F Y 2 6 P E R F O R M A N C E 1. Demonstrates the impact on the Group EBITA results if foreign exchange rates were based off the prior year average FX rates. For example, FY26 EBITA would have been $39m higher if FY25 average FX rates applied. • Worley's global footprint generates the majority of earnings in non-Australian currencies. ~93% of our aggregated revenue in FY26 came from outside Australia • The strengthening of the AUD across multiple currencies resulted in a significantly larger translation impact in FY26 than in prior years • The FX translation impact against FY25 average rates was $39m • The FX translation impact against our FY26 outlook expectations was approximately $50m 20Worley | Full year results 2026 5 7 (17) (13) (39) FY22 FY23 FY24 FY25 FY26 Group EBITA FX Translation Impact against pcp1 ($m) Currency Average FY26 rate Average FY25 rate Change AUD:ARS 947.7980 669.3914 41.6% AUD:CAD 0.9373 0.9036 3.7% AUD:INR 61.5071 55.1131 11.6% AUD:USD 0.6787 0.6479 4.7% AUD:EUR 0.5817 0.5961 (2.4%) 95 100 105 110 115 120 125 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Movement in major currencies (indexed against AUD) ARS CAD INR USD EUR
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Reshaping the business to strengthen future performance F Y 2 6 P E R F O R M A N C E $120m1 One-off costs $132m Cost-out actions achieved ~$70m Targeted investment over two years • Aligning resources to areas of higher demand • Costs predominantly relate to restructuring in Western Europe in response to market conditions • Transformation efforts aim to reduce complexity in parts of the business, improving efficiency and resetting the cost base Simplifying operations, delivering cost savings and selectively reinvesting to strengthen future performance. • Exceeded initial cost-out target of $100m from FY27 onwards • Cost-out savings are reducing the cost base, offsetting inflationary pressures and reinvesting for future growth • Cost discipline embedded through oversight and tracking • Portion of savings reinvested in priority areas • Expands capability, enhances digital tools and supports early lifecycle positioning • Supports scalable growth and delivery efficiency 1. $120m of one-off costs excluded from the underlying result and relates to transformation and business restructuring. These costs relate predominantly to restructuring in Western Europe where we have seen high costs due to local labor protections. $82m incurred in H1 FY26 and $38m incurred in H2 FY26. Restructure Deliver cost actions Reinvest selectively 21Worley | Full year results 2026
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Operating cash flow Proceeds from divestments Lease payments Maintenance & other capital Generate Sustain Re-invest for growth Investment capital | Acquisitions Return capital to shareholders Dividends1 | Share buy-back Maintain leverage discipline Net debt Deploy Metric FY26 FY25 Target range FY27 Working capital metrics Cash conversion ratio2 93.6% 94.9% >85% Days Sales Outstanding (DSO) 44.3 52.0 < 60 days Effective tax rate on PBTA 34.7% 33.4% 30 – 35% Debt portfolio metrics Weighted average cost of debt 4.4% 4.3% 6.0 – 6.2% Leverage 1.8x 1.4x ~ 2.0x C A P I T A L M A N A G E M E N T A disciplined capital framework to support growth and returns Refinancing • A new 5-year AMTN for $375m, together with a new 364-day liquidity facility and part utilization of the SFA Revolver, used to fund the EMTN redemption in June 2026 • Continued diversification across the debt portfolio, with a balance between loan market and global debt capital markets • WACD will increase following the refinance of the EMTN at current market interest rates 22Worley | Full year results 2026 1. Target dividend payout ratio is 50-70% of underlying NPATA. 2. Normalized cash conversion ratio to account for the movements in advanced billings between periods. $401m $339m Free cash flow $56m
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S E C T I O N 0 3 Strategy and outlook Chris Ashton — Chief Executive Officer Worley / Full year results 2026 Worley | Full year results 2026
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$m FY22 PF FY23 PF FY24 FY25 FY26 12,023 734 A g g r e g a t e d r e v e n u e E B I T A U n d e r l y i n g B a s i c E P S B a c k l o g2 $m 78.2 cps 1. FY22 PF and FY23 PF proforma excludes the divested North American Turnaround and Maintenance business. 2. FY26 backlog is on a constant currency basis and excludes ExxonMobil Baytown Blue Hydrogen Project which remains on pause. 15.0 $b 11% CAGR FY22 PF1 to FY26 9% CAGR FY22 PF1 to FY26 +25% FY22 PF1 to FY26 +21% FY22 PF1 to FY26 Delivering long term growth over time S T R A T E G I C P R O G R E S S Worley has a track record of delivering growth over the longer term underpinned by our diversified business model FY22 PF FY23 PF FY24 FY25 FY26 FY22 PF FY23 PF FY24 FY25 FY26 FY22 PF FY23 PF FY24 FY25 FY26 cc 24Worley | Full year results 2026
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1. All forward looking statements remain subject to no material deterioration in current market conditions, including currency exchange effects, forward estimates of timing, award and delivery of future projects. See page 2 for more information. General Note: all values shown are in USD. 2. McKinsey & Company, Global Infrastructure Report 2026 3. McKinsey & Company, “The $7 Trillion data centre Build-Out” (2026) 4. McKinsey & Company, Global Energy Perspective 2024/25 5. IEA, World Energy Outlook 2023 / Net Zero Roadmap 6. Based on Woodmac market data estimates by commodities, included some assumptions using projected growth rates. Executing our FY30 growth ambition S T R A T E G I C P R O G R E S S Aligned with long-term investment trends $4.5t Energy transition CapEx p.a. by 20304 Electrification Energy transition Rapid AI and Digital Acceleration $2-3t p.a. on electrification by 20405 $7t on Data Center CapEx by 20303 >$1t CapEx investment required to meet 2040 demand for Energy Transition Materials6 Resource demand Energy Transition Materials & food security $106t infrastructure resiliency spend to 20402Energy security 25Worley | Full year results 2026
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Our priorities S T R A T E G I C P R O G R E S S Current market growth AI-enabled full project delivery Future-facing growth markets Scale benefits FY26 Progress • Pipeline growth, strong bookings, steady backlog • New framework agreements and renewals with key customers • Major Projects & Programs organization stood up • Significant EPC/EPCM awards • Significant wins in target markets including gas and LNG, energy transition materials, power and data centers • Cost-out program delivered • Significant support function work shifted to low-cost locations Medium term Ambition priorities • Prioritize high-confidence opportunities • Expand customer relationships in disrupted markets • Win a greater share of customer investment in structurally growing markets • Embed AI and digital tools in priority workflows • Create a more scalable delivery model that translates into new growth markets • Focused investment in priority markets to drive bookings growth • Maintain disciplined contract selection • Selectively reinvesting for growth • Maintain balance sheet and capital discipline • Drive work through GID towards 20%+ • Increase use of differentiated commercial models Delivering near-term performance while advancing our Ambition 26Worley | Full year results 2026
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27Worley | Full year results 2026 Outlook contextGroup outlook1 1. All forward looking statements, including the FY27 Group outlook, remain subject to no material deterioration in current market conditions, including currency exchange effects, forward estimates of timing, award and delivery of future projects. See page 2 for more information. Underlying EBITA Mid to high single digit growth More heavily weighted to H2 than historical norms Aggregated Revenue Mid to high single digit growth H1/H2 weighting broadly even Demand across our core markets is underpinned by favorable medium and long-term fundamentals, including the need for secure and affordable energy, critical resources as well as investment in export, supply chain and critical infrastructure. However, in FY2027 disruption and uncertainty in the Middle East persist and we are seeing significant second order supply chain impacts, particularly as it relates to the supply of sulphur for fertilizer projects within North Africa. Our customers in the Middle East are turning to us for damage assessments, reconstruction planning and early-stage new projects, designed to help them navigate export constraints and rebuild resilience. While the timing and scale of associated opportunities remain difficult to predict, our outlook anticipates work volumes in the Middle East to lift in H2. Activity across the broader business continues to benefit from strong demand in key markets and we are seeing tailwinds in our largest market, North America. A growing portfolio of major projects within the pipeline supports our growth outlook. These are projects where Worley already has an established position through earlier phases of work. As those projects progress, we expect more of that work to move into execution. The strength of the Australian dollar remains a headwind on the translation of financial results for reporting purposes. S T R A T E G I C P R O G R E S S
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& 28Worley | Full year results 2026
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F U L L Y E A R 2 0 2 6 Supplementary Information 29Worley | Full year results 2026
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Across the life cycle of our customers’ assets with end-to-end capability.Globally diversified expertise… supporting a world in transition… Leading positions across markets balancing security, affordability and sustainability Over 40,000 people, operating in more than 40 countries An i n d u s t r y l e a d e r of energy, chemi cal s and resources experts Energy Chemicals Resources A B O U T U S We are 30Worley | Full year results 2026
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Positioned to leverage long-term customer capital cycles Structural demand and tailwinds Capital-light delivery model Global scale and market position Capital-light delivery model with minimal balance-sheet exposure Scale and customer relationships built and sustained over decades Why Worley is structurally positioned to capture long-term growth • Global scale with tier-1 customers, strategic partners, and a growing number of new customers with high levels of sole-sourced work (~45%) • Long-duration frameworks with visibility and repeat execution (175+ portfolio contracts) • Large base of recurring and repeat work • High proportion of professionals with transferable execution skills • Predominantly reimbursable work (>75%) with selective fixed or value-based contract models • Capital-light delivery with disciplined, selective risk participation • Strong governance and accountable leadership driving disciplined growth • Disciplined capital deployment • Earnings linked to diversified end markets and long-dated customer capex cycles, not commodity prices • Energy security and sovereign capability driving investment • Energy transition and electrification driving network-wide investment • Structural demand for critical materials and resources • Acceleration of AI-enabled digital infrastructure Worley’s investment proposition A B O U T U S Professional services Construction & fabrication Procurement Chemicals Energy (ex Integrated gas) Energy (Integrated gas) Resources S E C T O R SG E O G R A P H I E SS E R V I C E S Americas Europe Middle East Africa Asia ANZ F Y 3 0 G R O W T H A M B I T I O N Future-facing growth markets Current market growth AI-enabled full project delivery Scale benefits 31Worley | Full year results 2026 General note: %’s shown are based on FY26 aggregated revenue
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Worley’s investment proposition Earnings growth through selective full project delivery and targeting growth markets Disciplined growth and execution Diversified earnings Driving quality growth through cycles with diversification across sectors, geographies and services General note: %’s shown are based on FY26 aggregated revenue • Margin integrity and operating leverage supported by disciplined execution and portfolio mix • Strong cash conversion and risk-adjusted returns over time • Diversification across Energy, Chemicals and Resources • Earnings resilience through cycles • AI-enabled full project delivery across the asset lifecycle, enabling early positioning and repeat execution • We do not and will not perform competitively bid Lump Sum Turn Key work (LSTK) • Disciplined portfolio selection and execution oversight • Structured risk limits and decision gates across delivery Worley’s growth strategy leverages megatrends and is underpinned by a solid business model to deliver sustainable earnings growth. Why that growth translates into resilient earnings and returns A B O U T U S 32Worley | Full year results 2026
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We continue to support our customers across our full portfolio, while intentionally leaning into future facing markets with outsized growth Energy transition materials Nuclear Oil Chemicals Fertilizers Bulk commodities Precious metals MidstreamIntegrated gas (incl. LNG) Fuels Hydrogen Industrial Water Petrochemicals Power Direct Air Capture Ports and Terminals Data centers Chemicals Resources Energy Complex Critical Infrastructure Our portfolio A B O U T U S 33Worley | Full year results 2026
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1. Excludes one-off costs (post tax) relating to transformation and business restructuring. 2. As per debt covenant definition. 3. Unrestricted cash and undrawn, committed debt facilities. 34Worley | Full year results 2026 Summary of key financials S U P P L E M E N T A L F I N A N C I A L S FY26 FY25 vs. FY25 Reported Constant Currency Aggregated revenue $12,023m $12,050m ($27m) (0.2%) 2.3% Aggregated revenue excl. procurement $8,193m $8,964m ($771m) (8.6%) (6.1%) Underlying EBITA $734m $823m ($89m) (10.8%) (6.1%) Underlying EBITA margin % excl. procurement 9.0% 9.2% (0.2pp) (0.2pp) 0.0pp Underlying NPATA $395m $475m ($80m) (16.8%) (12.2%) Underlying NPATA margin % excl. procurement 4.8% 5.3% (0.5pp) (0.5pp) (0.3pp) Items excluded from the underlying NPATA results1 ($89m) - ($89m) Statutory NPATA $306m $475m ($169m) Operating Cash Flow (statutory definition) $401m $741m ($340m) Net Debt (statutory definition) $1,746m $1,502m $244m Normalized cash conversion 93.6% 94.9% (1.3pp) Leverage2 1.8x 1.4x 0.4x Liquidity3 $2,116m $2,402m ($286m) Dividend per share 25 cents 25 cents - % change vs FY25
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The directors consider underlying result information important in understanding the performance of the company by excluding selected significant items and amortization on acquired intangible assets. 35Worley | Full year results 2026 Reconciliation of statutory results to underlying results H1 FY26 ($m) H2 FY26 ($m) FY26 ($m) FY25 ($m) Statutory result (NPAT for the Group) 129 123 252 421 Add: Net finance costs 52 56 108 91 Add: Amortization of acquired intangible assets 43 46 89 86 Add: Income Tax Expense 71 94 165 225 Statutory result (EBITA for the Group) 295 319 614 823 Add: Net total items excluded from underlying result1 82 38 120 - Underlying EBITA for the Group 377 357 734 823 1. Excludes $120m of one-off costs relating to transformation and business restructuring. Reconciliation of statutory to underlying results adjusted for non-trading items S U P P L E M E N T A L F I N A N C I A L S
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H1 FY26 H2 FY26 FY26 FY25 vs. FY25 Aggregated revenue ($m) 6,312 5,711 12,023 12,050 (0.2%) Americas 3,059 3,169 6,228 5,310 17.3% EMEA 2,535 1,920 4,455 5,021 (11.3%) APAC 718 622 1,340 1,719 (22.0%) Segment EBITA ($m) 504 476 980 1,142 (14.2%) Americas 199 266 465 444 4.7% EMEA 241 161 402 472 (14.8%) APAC 64 49 113 226 (50.0%) Segment margin (%) 8.0% 8.3% 8.2% 9.5% (1.3 pp) Americas 6.5% 8.4% 7.5% 8.4% (0.9 pp) EMEA 9.5% 8.4% 9.0% 9.4% (0.4 pp) APAC 8.9% 7.9% 8.4% 13.1% (4.7 pp) 36Worley | Full year results 2026 Segment results – regions S U P P L E M E N T A L F I N A N C I A L S Americas delivered strong growth as major projects advanced into execution, driving higher revenue and EBITA despite margin mix headwinds. EMEA revenue and EBITA were impacted by Middle East disruptions and project cancellations, with disciplined execution supporting underlying margins. APAC revenue and EBITA declined following major project completions, with lower activity levels driving margin compression.
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37Worley | Full year results 2026 Sector results S U P P L E M E N T A L F I N A N C I A L S Energy revenue growth was driven by execution projects driving increasing construction and procurement activity, with margins impacted by business mix and Middle East disruptions. Chemicals remains a large and strategically important market. FY26 activity was impacted by project cancellations and lower volumes in some regions, while investment continued in refining and decarbonization. Resources revenue increased as projects advanced into execution, although lower margins reduced EBITA compared with the prior year. H1 FY26 H2 FY26 FY26 FY25 vs. FY25 Aggregated revenue ($m) 6,312 5,711 12,023 12,050 (0.2%) Energy 3,183 3,190 6,373 5,898 8.1% Chemicals 1,330 1,038 2,368 3,050 (22.4%) Resources 1,799 1,483 3,282 3,102 5.8% Segment EBITA ($m) 504 476 980 1,142 (14.2%) Energy 248 249 497 561 (11.4%) Chemicals 98 91 189 267 (29.2%) Resources 158 136 294 314 (6.4%) Segment margin (%) 8.0% 8.3% 8.2% 9.5% (1.3 pp) Energy 7.8% 7.8% 7.8% 9.5% (1.7 pp) Chemicals 7.4% 8.8% 8.0% 8.8% (0.8 pp) Resources 8.8% 9.2% 9.0% 10.1% (1.1 pp)
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Underlying EBITA margin excluding procurement Underlying EBITA (‘Aggregated revenue’ minus ‘Procurement revenue’) = H1 FY26 H2 FY26 FY26 Aggregated revenue ($m) 6,312 5,711 12,023 Growth rate on pcp (0.2%) Underlying EBITA ($m) 377 357 734 Growth rate on pcp (10.8%) Underlying EBITA% 6.0% 6.3% 6.1% Procurement revenue ($m)1 2,044 1,786 3,830 Growth rate on pcp 24.1% Revenue excluding procurement ($m) 4,268 3,925 8,193 Growth rate on pcp (8.6%) Underlying EBITA% excluding procurement 8.8% 9.1% 9.0% 1. Refers to procurement included in aggregated revenue. C a l c u l a t i o n o f E B I TA % e x c l u d i n g p r o c u r e m e n t 38Worley | Full year results 2026 EBITA% excluding procurement S U P P L E M E N T A L F I N A N C I A L S
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Cash collection S U P P L E M E N T A L F I N A N C I A L S Pe r f o r m a n c e • Normalized cash conversion was 93.6%1, adjusted to exclude timing adjustments for advance billings on a number of contracts as we achieve better terms and conditions in this market. 1. Normalized operating cash excluding tax and interest over Underlying EBITA. FY26 ($m) FY25 ($m) Statutory EBITA 614 823 Non-cash items: Less: Share of associates' profits in excess of dividends received (10) (40) Add: Depreciation, amortization and significant and other non-cash items 233 289 Less: Interest and tax paid (181) (185) (Less)/Add: Receivables movement (318) 13 Add/(Less): Payables, provision and other movement 63 (159) Statutory operating cash flow 401 741 Normalized operating cash flow excluding interest and tax 687 781 DSO 44.3 days 39Worley | Full year results 2026
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1. Based on gross debt, including deferred borrowings cost. 2. Total interest-bearing loans and borrowings and lease liabilities less Cash and cash equivalents including procurement cash and restricted cash. 3. Earnings before interest, tax, depreciation and amortization as defined for debt covenant calculations. 4. Net debt to net debt + equity. 5. Excludes leases. 6. Unrestricted cash and undrawn, committed debt facilities. as at 30 Jun 2026 as at 30 Jun 2025 Weighted average cost of debt1 4.4% 4.3% Weighted average debt maturity (years) 2.8 2.7 Interest cover (times) 7.4x 10.7x Net debt (statutory definition)2 ($m) 1,746 1,502 Net debt/EBITDA3 (times) 1.8x 1.4x Gearing ratio4 26.4% 20.9% Loan & overdraft facilities5 ($m) 3,991 4,018 Facility utilization5 65.4% 54.7% Available committed facilities ($m) 1,029 1,459 Total liquidity6 ($m) 2,116 2,402 Available bonding facilities ($m) 1,459 2,111 Bonding facility utilization 58% 33% Balance sheet metrics D e b t m a t u r i t y p r o f i l e as at 3 0 J u n e 2 0 2 6 40Worley | Full year results 2026 Balance sheet and liquidity S U P P L E M E N T A L F I N A N C I A L S
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Backlog 9.7 2.3 1.8 Energy Chemicals Resources General notes: 1. Backlog definition provided on page 45. 2. Values shown are in $billions. B AC KLO G WAL K ($ b) 41Worley | Full year results 2026 S U P P L E M E N T A L F I N A N C I A L S (1.7) (0.1) (1.1) 16.7 13.8 Dec-25 Energy Chemicals Resources Jun-26 (1.8) (0.9) (0.2) 16.7 13.8 Dec-25 Americas EMEA APAC Jun-26 9.0 3.8 1.0 Americas EMEA APAC B Y R EG I O N B Y SEC TO R 13.8 13.8 16.7 (5.8) 4.5 (1.6) 13.8 1.2 15.0 Dec-25 Backlog Delivered Wins Net Scope Increases / (Decreases) Jun-26 FX Jun-26 cc
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42Worley | Full year results 2026 FX translation impacts S U P P L E M E N T A L F I N A N C I A L S The FY26 Underlying EBITA FX translation impact was $39m using the FY25 average rates largely driven by INR, CAD, ARS and USD. ~93% of Worley’s FY26 aggregated revenue came from outside of Australia, with ~44% denominated in USD and USD pegged currencies. (11) (10) (9) (6) (5) (2) 2 2 INR CAD ARS USD SAR OMR EUR MAD FY26 EBITA Impact by currency($m) 35% 9% 14% 7% 35% FY26 Aggregated Revenue by currency (%) USD USD Pegged CAD EUR Other
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1. Utilization is total chargeable hours divided by total available hours. 2. Trend line shown Staff Utilization1 43Worley | Full year results 2026 Productivity and people metrics O P E R A T I O N S Total headcount is 40,400 at 30 Jun 2026, with 34,000 professional services staff Global Integrated Delivery (GID) contributes 14.5% of hours worked. % of work through GID EBITA/Headcount2 80% 85% 90% FY24 FY25 FY26 Target 10% 12% 14% 16% 18% 20% FY24 FY25 FY26 FY24 FY25 FY26
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$, $m, $b – Australian dollars unless otherwise stated, Australian millions of dollars, Australian billions of dollars AI – Artificial Intelligence APAC - Australia, Pacific, Asia & China ASRS – Australian Sustainability Reporting Standards CAPEX - Capital expenditure CC – Constant currency CCUS - Carbon Capture, Utilization and Storage CDP – formerly Carbon Disclosure Project DJSI – Dow Jones Sustainability Index DSO - Days Sales Outstanding EBITA - Earnings Before Interest, Tax and Amortization on acquired intangibles EBITDA - Earnings Before Interest, Tax, Depreciation and Amortization on acquired intangibles EMEA - Europe, Middle East & Africa ECR – Energy, Chemicals and Resources sectors EPC – Engineering, Procurement, Construction EPCM – Engineering, Procurement and Construction Management ESG - Environmental, Social, and Governance FEED - Front-end engineering design FID – Final Investment Decision FX - Foreign Exchange FY – Financial Year GICS – Global Industry Classification Standard GenAI – Generative Artificial Intelligence GID - Global Integrated Delivery H1/H2 – First half of the financial year/second half of the financial year IFRS - International Financial Reporting Standard k – thousand LNG - Liquefied Natural Gas LSTK – Lump Sum Turnkey MPP – Major projects and programs MSCI - Morgan Stanley Capital International NPAT - Net Profit After Tax NPATA - Net Profit After Tax excluding Amortization on acquired intangibles O&M - Operations & Maintenance OPEX - Operating expenditure PBTA – Profit Before Taxation and Amortization PCP - Prior Comparative Period PF – Proforma excludes the divested North American Turnaround and Maintenance business PP - Percentage Points TRCFR – Total Recordable Case Frequency Rate (per 200,000 hours worked over a 12- month rolling average) UK – United Kingdom US - United States 44Worley | Full year results 2026 Glossary D E F I N I T I O N S Constant Currency Constant currency removes the translation impact of foreign exchange rate movements to facilitate comparison of underlying operational performance against relative comparator (i.e. prior period, outlook). Reported financial performance will continue to reflect the actual foreign exchange rates experienced during the period.
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Backlog is the total dollar value of the amount of revenues expected to be recorded as a result of work performed under contracts or purchase/work orders already awarded to the Group. Backlog is not in constant currency and is reported using the year end exchange rates. With respect to discrete projects an amount is included for the work expected to be received in the future. For multi -year contracts (i.e. framework agreements and master services agreements) and O&M contracts we include an amount of revenue we expect to receive for 36 months, regardless of the remaining life of the contract. Due to the variation in the nature, size, expected duration, funding commitments and the scope of services required by our contracts and projects, the timing of when the backlog will be recognized as revenue can vary significantly between individual contracts and projects. 45Worley | Full year results 2026 Reimbursable Contracts (77% of FY26 revenue): • These contracts are based on reimbursing of reasonable and allowable actual costs plus profits. In addition to the base profits these contracts generate, we may earn further incentives from creating enhanced value for the customer, depending on the individual contract terms and conditions. When negotiating with our customers, we’re typically able to adjust our contracts in line with inflation and wage increases. Fixed Price Contracts (23% of FY26 revenue): • A fixed-price type contract is appropriate when there is a well-defined bill of materials or statement of work, and the parties can agree on the price of the goods or services. We generally execute fixed -price contracts as: • lump sum engineering, procurement and construction (EPC), typically where we’ve completed the preceding phases and are confident of the scope. We could see an increase in these types of contracts in the future if they present the opportunity for higher margins while minimizing risk. • lump sum services contracts, where we can control the outcomes. These typically have a short duration (on average, under six months) and would generally take into consideration inflationary expectations. We have minimal direct exposure to supply chain risk as we typically purchase materials on behalf of our customers. Backlog definition D E F I N I T I O N S Fixed price vs reimbursable contract types
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Worley has guidelines for determining items to be excluded from non IFRS profit measures, such as underlying NPATA and underlying EBITA. These guidelines are for determining underlying profit for internal management reporting and external reporting purposes. There are three principles which form the foundation of Worley’s approach to determining adjustments to underlying profit. These are: • Consistency: A consistent approach should be adopted from period to period. We consider how items have been previously treated. Consistency is one of the key points in the Australian Institute of Company Directors (AICD) and ASIC RG 230 guidelines. • Relevance: Worley discloses underlying profit measures as the information is considered useful for investors to understand Worley’s financial condition and results of operations. It provides investors with a view of the sustainable performance of the Group. • Neutrality: Adjustments to determine underlying earnings must not be biased and in other words should be neutral. A key concept in most regulator guidelines is neutrality. Review Each December and June external reporting periods all income or expense items to be excluded from underlying profit will continue to be formally reviewed and approved by the Board, Chief Financial Officer, the Audit & Risk Committee and the external Auditors as part of the approval of the Financial Statements. 46Worley | Full year results 2026 Rules for items excluded from underlying results D E F I N I T I O N S 46Worley | Full year results 2026 Our reporting suite • Annual Report • ESG Databook • Sustainability Basis of Preparation • Corporate Governance Statement • Modern Slavery Statement View our website for additional documents
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worley.com worley.com Registered office: Level 19, 420 George Street Sydney NSW 2000 Australia T: +61 2 8923 6866 E: investor.relations@worley.com E: media.relations@worley.com Worley Limited ABN 17 096 090 158 47Worley | Full year results 2026