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SCOTT TECHNOLOGY LIMITED Investor Presentation 22 October 2026 FY26 RESULTS
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Scott Technology Limited: FY26 Results | 2 Definitions & abbreviations Group Net Margin % = revenue less cost of goods sold, divided by revenue. Operating EBITDA = Reported EBITDA plus non-recurring costs. Operating EBITDA % = Operating EBITDA, divided by revenue. Forward Work = indicative contracted activity. It represents secured work that has not been recognised as revenue as of the nearest month end closest to reporting date (for example, FY26 is as of 30 September 2026) plus any additional significant contract wins up to reporting date. Orders can span over multiple reporting periods therefore it is not an indicator of revenue over a set period of time. Underlying Earnings Per Share = Net profit after tax plus pre-tax non-recurring costs divided by number of shares on issue at reporting date. Revenue is presented as equipment and recurring revenue. • Equipment covers producing and preparing solutions for first use. • Recurring Revenue covers subsequent activities, including software, data, maintenance and upgrades. • Previously, ‘equipment, software, data and upgrades’ were classified as ‘sales’ and ‘parts and service’ as’ service’. All equipment or recurring revenue figures, including comparatives, have been rebased. Net cash / (debt) = Cash – Bank overdraft – Borrowings. FY = Financial year H1 = 6 months ended 28 February H2 = 6 months ended 31 August YoY = Year on year EBITDA = Earnings before interest, tax, depreciation and amortization NPAT = Net profit after tax DRP = Dividend Reinvestment Plan KAM = Key Account Management AMS = Automated Modular System Lamb LEAP/Primal = Lamb Boning Room Chine Removal = Backbone removal system MHL = Materials Handling and Logistics AGV = Automated Guided Vehicle ERP = Enterprise Resource Planning System PLM = Product Lifecycle Management System CRM = Customer Relationship Management System ESG = Environmental, Social and Governance GHG = Greenhouse Gas All currency amounts are in New Zealand dollars unless otherwise stated.
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Scott Technology Limited: FY26 Results | 3 Key Messages RECORD PERFORMANCE FOUNDATIONS ESTABLISHED CLEAR PATH TO GROWTH Record revenue and operating EBITDA achieved as Scott invests in the capabilities required for Destination 2030. Destination 2030 foundations complete: Domain market analysis, Key Account Management, Lifecycle Services, Innovation Frameworks have been established. On track for $530m revenue by FY30 through domain-led growth in expanding markets and Recurring Revenue.
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Scott Technology Limited: FY26 Results | 4 FY26 Business Highlights Record Group performance – Record revenue ($294m up +7%) and operating EBITDA ($36.1m up +14%), with earnings growth ahead of revenue growth. Mining growth engine – Strong Rocklabs standard equipment demand, growing automation adoption and North American expansion drove revenue to $62m (up +22%). Lifecycle Services lifts Recurring Revenue – reaching $95m representing 32.3% of Group revenue, as Scott expanded support across its growing installed base. Materials Handling & Logistics (MHL) broadens globally – Revenue of $130m (up +5%) through continuous expansion across North America, Europe and Australia, supported by growth in priority sectors: meat, dairy, bakery and snacks. Appointed Jerson Nascimento Jr. to the Board of Directors, bringing his experience as the Global Chief Procurement & Innovation Officer at JBS. Destination 2030 moved into execution – New Key Account Management, systems, Lifecycle Services and innovation capabilities strengthen the business for scalable, customer-led growth.
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Scott Technology Limited: FY26 Results | 5 FY26 Performance Snapshot $294m 32.3% * Operating EBITDA excludes non-recurring costs. Reported EBITDA was $34.8m in FY26 and $26.4m in FY24. FY25 operating and reported EBITDA were both $31.5m. $146m 30% FY25 29% +2 PTS | FY24 27% +0 PT FY25 31.7% +2.0 PTS | FY24 29.7% +1.0 PT FY25 $169m +6% | FY24 $160m -18% Recurring Revenue Forward Work Group Net Margin Revenue $36.1m FY25* $31.5m +4% | FY24* $30.2m 0% Operating EBITDA +7 % FY25 $275m 0% | FY24 $276m +3% +14% -14%+0.6 PT +1 PT 9.0 cents Dividends Per Share (Cents) FY25 8.0 FY24 8.0 20.0 cents FY25 17.4 FY24 14.3 Underlying Earnings Per Share (Cents)
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Scott Technology Limited: FY26 Results | 6 One Year On Destination 2030
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Scott Technology Limited: FY26 Results | 7 Strategic Foundations Complete Domain market analysis completed; Key Account Management, Lifecycle Services and Innovation frameworks established; leadership aligned to the four-domain model. Growth Focused Established frameworks now need to shape behaviour and deliver commercial outcomes: growing market share, increasing order intake, building an innovation pipeline aligned to market opportunities and growing Recurring Revenue. Destination 2030: Year One Highlights Market Analysis Driven Market & customer insight is informing investment; scalable technologies are expanding the installed base; and lifecycle focus is generating Recurring Revenue and delivering further customer insight. Better equipped High Performing Teams, a single global people platform and common One Scott systems are strengthening capability, product visibility and decision-making across the business.
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Scott Technology Limited: FY26 Results | 8 Achieved (foundation for scale) Short term (strategic execution) Medium term (next phase of growth) Customer First Domain Market analysis established Key Account Management framework Lifecycle Services Framework Growth in service-led revenue mix Focused market & sector expansion Key Account model embedded across Domains Accelerated expansion across target sectors Joint customer planning / forward work pipelines Expansion of recurring lifecycle revenue streams One Scott Global Digital Integration ERP platform deployed in Europe Deploy unified global people platform Progress towards a unified Customer Platform One integrated customer platform across ERP/PLM/CRM Standardised global planning, delivery and procurement processes High Performing Team Finalised Domain Strategies Executive adoption of High Performance Team model Leadership structure aligned to strategy Scaling customer facing capability across priority sectors Management adoption of High Performance Team model Scaled Learning & Development programme aligned to customer outcomes Establish a leading Employee Value Proposition to attract and retain top talent globally Leading Edge Technology Innovation Framework Innovation pipeline aligned to customer needs, industry bellwethers and lifecycle opportunities Applied innovation enabling expansion across priority sectors Establish industry leading product roadmaps incorporating lifecycle management. Destination 2030: We said, we’ve done What we’ve said, and what we’ve done we have built the core enablers of Destination 2030 and are now ready to scale the business Achieved in H2 FY26 Achieved in H1 FY26
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Scott Technology Limited: FY26 Results | 9 Mining: Destination 2030 in Action Enabled Teams Scott expanded its North American mining footprint with Charlotte-based service technicians, improved stock and parts access, and business development resources closer to customers. Market Understanding Mining market analysis identified strong commercial laboratory demand and a need for closer Scott support in North America. Trusted Relationships A larger installed base and stronger in-market service capability supported Recurring Revenue growth through parts, service and lifecycle support. Innovation The Rocklabs AMS crusher cell achieved 25 samples per hour during Site Acceptance Testing, over 30% above its original requirement. Market analysis identified where Mining could grow - targeted investment in customer proximity, automation and lifecycle services helped translate this insight into strong commercial performance. $62m Revenue 38% Net Margin 27% Recurring Revenue MSALabs | Nevada Dedicated to protecting laboratory throughput • Local technicians and quarterly service visits • Faster support and stronger parts access • Relationship shifting from reactive support to lifecycle partnership FY26 Outcome +22% +1 PT +2 PTS
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Scott Technology Limited: FY26 Results | 10 Lifecycle Services Lifts Recurring Revenue Operate Maintain Modify Lifecycle Services Software Remote support Training Remote monitoring Parts Preventive maintenance Field service Refurbishment Upgrades Retrofits Optimisation Line extensions / additions Calibration / compliance checks Reconfiguration RetireDesign & Build Service Level Agreements FY26 Recurring Revenue $95m 32.3% of Total Group Revenue Recurring Revenue by Domain ($) 30 36 40 30 31 33 13 13 17 7 7 5 2 82 87 95 FY24 FY25 FY26 MHL Protein Mining Appliances Other
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Scott Technology Limited: FY26 Results | 11 Progress Against Destination 2030 Targets $294m 32.3% Target FY30 >35% Recurring Revenue Contribution Revenue $ 12.3% Target FY30 ~14% Operating EBITDA % Target FY30 $530m
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Scott Technology Limited: FY26 Results | 12 FY26 Financial Performance
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Scott Technology Limited: FY26 Results | 13 Group Performance Metrics Group Revenue over time ($m) New Equipment and Recurring Revenue split over time ($m) Recurring % 29.7% 31.7% 32.3% Group Net Margin % over time Proven technologies and reliable delivery build customer confidence and support growth. Expanding installed base and greater focus on lifecycle services drive Recurring Revenue growth. Continued Net Margin expansion via modular approach, improved project governance, scale / operational efficiencies and increased service penetration. 27% 29% 30% FY24 FY25 FY26 194 188 199 82 87 95 276 275 294 FY24 FY25 FY26 Recurring Equipment 127 123 130 60 69 67 49 51 62 36 31 354 276 275 294 FY24 FY25 FY26 MHL Protein Mining Appliances Other
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Scott Technology Limited: FY26 Results | 14 Group Revenue: Record Mining Performance and Recurring Growth Group Revenue over time ($m) • Group Revenue: Strong second-half for revenue ($166m in H2). • Mining: up +22% with a record result driven by strong Rocklabs standard equipment sales and continued mining investment. • MHL: up +5% supported by +39% growth in AGV revenue and continued Recurring Revenue growth. • Protein: down -3% reflecting lower equipment volumes and project delays. Lamb Primal, chine-removal (backbone removal) and deboning orders supported later-year activity. • Appliances: up +11%, supported by strong execution of current GE Appliances project and completion of prior Midea projects. • Recurring Revenue: up +9% contributing 32.3% of total revenue, with an expanding installed base and strategic focus on lifecycle services supporting further growth in FY27. Recurring % 31.7% 32.3%29.7% 127 123 130 60 69 67 49 51 62 36 31 35276 275 294 FY24 FY25 FY26 MHL Protein Mining Appliances Other 62 35 67 130 % changes are all compared with prior period FY25.
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Scott Technology Limited: FY26 Results | 15 Group Net Margin: Improved Execution and Favourable Revenue Mix Group Net Margin % over time • Net margin growth driven by: • Improved business mix, with stronger contributions from Mining equipment and continued growth in higher-margin service revenue. • Improved project execution and governance, with greater control over project costs and completion. • Continued use of modular solutions and proven technologies, improving delivery efficiency. • Continued operational cost control and efficiencies. • Further margin improvement opportunities: increased scale, repeatable solutions, growth in lifecycle services. 27% 29% 30% FY24 FY25 FY26
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Scott Technology Limited: FY26 Results | 16 A Break-out H2 Provides Momentum into FY27 Group Revenue by H1 and H2 ($m) Operating EBITDA by H1 and H2 ($m)* Record second-half performance reflected faster project delivery, stronger Mining equipment sales and the remaining GE Appliances project progressing into build. Continued Recurring Revenue growth and a second LEAP order from an Australian meat processor provide further momentum into FY27. 141 122 128135 153 166 FY24 FY25 FY26 H1 H2 16.6 12.2 13.0 13.6 19.3 23.1 FY24 FY25 FY26 H1 H2
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Scott Technology Limited: FY26 Results | 17 EBITDA Performance Over Time • Record EBITDA off the back of a strong second-half performance. • FY26 net margin improved to 30%, reflecting good execution on higher-margin contracts and improved business mix. • Cost discipline continued alongside targeted investment in digital transformation and wider Destination 2030 strategic initiatives. Operating EBITDA ($m) and margin (%) 30.2 31.5 36.1 10.9% 11.5% 12.3% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 FY24 FY25 FY26 Operating EBITDA Operating EBITDA %
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Scott Technology Limited: FY26 Results | 18 Uplift in NPAT from margin improvements and reduced debt • Net profit uplift +10% YoY . • Improved operating EBITDA as a result of revenue growth and higher margins. • One-off costs reflect a confidential settlement with a supplier. • Increased lease depreciation and interest due to lease additions and renewals. • Increased effective tax rate due to tax losses becoming fully utilised. • Savings on interest with improved cash position and lower interest rates. Net Profit after tax ($m) 14.2 4.5 -1.2 -0.9 -0.3 0.5 -1.0 15.7 FY25 NPAT Operating EBITDA Change in One-off Depr. & Amortisation Lease interest Bank interest Tax FY26 NPAT
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Scott Technology Limited: FY26 Results | 19 Cashflow Improvement and Better Net Debt Position to Support Growth Improved operating cash position • Improved operating cash due to strong EBITDA performance and cash management. • Capital management needs to take a long-term view due to project timings. • Continued focus on controlling working capital and project cash flows. Improved total net debt position • FY26 improvement due to strong cash flow and timing of project receipts around balance date. • Reduced bank interest with improved cash position. Operating Cashflow ($m) Total Net Cash (Debt) ($m) (20.1) (12.3) (7.7) FY24 FY25 FY26 6.0 22.3 23.8 FY24 FY25 FY26
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Scott Technology Limited: FY26 Results | 20 Balance Sheet • Net cash / (debt): earnings generated cash and reduced overdraft use. The Dividend Reinvestment Plan (DRP) applied to dividends paid in FY26, reducing cash payments. • Inventory: elevated as at August 2026 due to stock held for orders expected in early FY27 and in line with growth in revenue. • Development assets: investments targeted towards beef development and other protein innovation. • Trade creditors & accruals: Increase due to growth and timing of material orders around balance date. Balance Sheet $m FY26 FY25 % chg Cash 15.0 12.2 +23% Inventories 42.2 38.8 +9% Trade debtors 60.1 59.6 +1% Development assets 13.4 10.9 +24% Property, plant and equipment 20.3 21.1 -4% Goodwill 54.9 53.9 +2% Total assets 295.0 269.6 +9% Bank overdraft 8.9 10.1 -12% Trade creditors & accruals 46.4 38.6 +20% Borrowings 13.8 14.3 -3% Total liabilities 149.8 140.3 +7% Total liabilities and equity 295.0 269.6 +9% Net cash / (debt) (7.7) (12.3) -37% Note: numbers in breakdown do not necessarily add to total balance sheet class. Select accounts are shown only.
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Scott Technology Limited: FY26 Results | 21 Dividend Overview • The Directors declared a fully imputed final dividend of 5 cents per share, payable on 24 November 2026 to shareholders on the register on 6 November 2026. The DRP will apply. • The FY26 dividend totals 9 cents per share, up from 8 cents in FY25. • Scott aims to provide sustainable, consistent and growing dividends, while maintaining financial flexibility. • Target payout ratio of 50%–80% of adjusted net profit after tax. This is subject to cash flow, capital requirements and balance sheet strength. • The FY26 payout is below the range due to future cash and capital requirements associated with Destination 2030 innovation and transformation activities. Dividends declared over time (cents per share) 8 8 9 56% 46% 45% 25% 35% 45% 55% 65% 75% 0 1 2 3 4 5 6 7 8 9 10 FY24 FY25 FY26 Interim Final Payout Ratio
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Scott Technology Limited: FY26 Results | 22 Domain Highlights
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Scott Technology Limited: FY26 Results | 23 $67m FY26 Revenue FY26 Domain Summary AppliancesMaterials Handling Protein Mining FY26 Revenue $130m FY26 Revenue $35m FY26 Revenue Net MarginNet Margin 24% Net Margin 26% Net Margin Recurring % of Revenue 31% 15% Recurring % of Revenue Recurring % of Revenue Recurring % of Revenue +11% +1 PT -7 PTS +5% -2 PTS +1 PT +1 PT $62m +22%-3% 36% 38% 50% 27% +2 PTS+5 PTS +6 PTS
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Scott Technology Limited: FY26 Results | 24 Materials Handling: Recurring Revenue Growth Supports Performance • Overall: strong recurring revenue growth supported performance, while customer design delays weighed on margins. • Equipment: growth supported by solid execution of current projects and AGV performance, with strong bookings and further customer upgrade opportunities emerging. • Recurring Revenue: remote support sales grew, while strong AGV service bookings and improving order intake support continued growth. • Margin %: margins remained solid despite additional project costs arising from customer-driven changes and delays. • Forward Work: secured orders across Europe and North America provide a strong pipeline of work. Revenue ($m) Margin ($m) Margin (%) 22% 26% 24% 28.3 32.0 30.6 FY24 FY25 FY26 97.7 86.7 89.9 29.6 36.5 40.0 127.3 123.1 129.9 FY24 FY25 FY26 Recurring Equipment 31%30%23% Recurring (%)
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Scott Technology Limited: FY26 Results | 25 Protein: Recurring Growth and Execution Drive Margin Improvement • Overall: growth in recurring service revenue supported improved margin contribution, despite lower equipment sales and project delays. • BladeStop: lower equipment volumes amid challenging market and supply chain conditions. • Lamb, Beef and Poultry: a slow start from project timing, with TFI Lamb Primal, chine-removal and deboning orders supporting H2 and FY27 activity. Further contract wins remain a focus. • Recurring Revenue: parts and service revenue grew +7% as support for existing equipment remained a focus, including service level agreements and the new BladeStop lifecycle service framework. • Margin %: improvement reflects a higher mix of service and parts revenue, alongside improved project execution and cost control. Revenue ($m) Margin ($m) Margin (%)28% 29% 36% 16.8 20.4 23.9 FY24 FY25 FY26 29.6 38.2 34.0 30.3 31.2 33.3 59.9 69.4 67.3 FY24 FY25 FY26 Recurring Equipment Recurring (%)50%45%51%
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Scott Technology Limited: FY26 Results | 26 Mining: Record Growth in Standard Products • Overall: a record year for Mining, led by strong Rocklabs standard equipment sales, supported by favourable mineral prices and continued investment in mining activity. • Rocklabs Standard: strong volumes across crushers and pulverisers, with a greater proportion of direct customer sales. • Modular: key wins late in FY26, including two commercial lab orders, set up a positive start to FY27. Increased equipment throughput strengthens the customer proposition and supports further sales opportunities. • Recurring Revenue: continued growth as the expanding installed base supports demand for parts and servicing. • Margin %: improvement supported by the standard equipment and service mix and higher-margin direct customer sales. Revenue ($m) Margin ($m) Margin (%) 36% 37% 38% 17.4 18.8 23.5 FY24 FY25 FY26 36.1 38.3 45.5 12.8 12.6 16.748.8 50.9 62.3 FY24 FY25 FY26 Recurring Equipment 27%25%26% Recurring (%)
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Scott Technology Limited: FY26 Results | 27 Appliances: Strong Project Execution and Momentum into FY27 • Overall: solid execution on all projects supported improved performance in Appliances. The ongoing GE Appliances project positions the business for a strong start to FY27 as it pursues further contract wins. • Systems: underpinned by the GE Appliances project, which progressed from design in H1 into build in H2, driving a strong second-half performance. • Forward Work: GE Appliances and other secured projects underpin FY27 revenue, with further wins offering upside in FY27 or supporting revenue growth into FY28. • Recurring Revenue: lower revenue reflects major system upgrade timing, with increased equipment sales creating further upgrade opportunities. • Margin %: margins remained broadly in line with FY25, supported by continued project monitoring and cost control. Revenue ($m) Margin ($m) Margin (%) 25%30% 26% 10.6 7.9 9.0 FY24 FY25 FY26 29.2 24.3 29.6 6.8 7.0 5.1 36.0 31.4 34.7 FY24 FY25 FY26 Recurring Equipment 15%22%19% Recurring (%)
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Scott Technology Limited: FY26 Results | 28 Environmental, Social and Governance
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Scott Technology Limited: FY26 Results | 29 Environmental, Social and Governance ESG refocused around five priority areas to align sustainability activity more closely with the execution of Destination 2030 - Employee Retention & Engagement, Enterprise Risk, Sustainability Innovation, Customer Experience and GHG Emissions. • Customer Experience is now aligned with Key Account Management and Lifecycle Services, embedding sustainability considerations into how we understand and deliver long-term customer value. • Enterprise Risk framework strengthened, including a modern slavery gap assessment and continued integration of climate-related risks and opportunities into business planning. • GHG emissions Absolute Scope 1 and 2 GHG emissions fell 4% in FY26 and 13% from FY22, keeping Scott on track toward its 30% reduction target by FY30. • Employee Retention & Engagement - Global engagement survey achieved 87% participation, ahead of the 83% benchmark*. Actions focused on communication, development, recognition and compensation. • The Women in Engineering Scholarship is in its fourth year, with internship awarded. Participation Benchmark: CultureAMP – Mechanical and Industrial Engineering (July 2025) global benchmarking data
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Scott Technology Limited: FY26 Results | 30 Health and Safety During FY26, we continued to strengthen our Health, Safety, Wellbeing and Environment (HSWE) approach, building on the systems, standards and leadership practices established in the prior year. The improved visibility is giving us better data and insights, and a clearer basis for targeted action to prevent injuries. We have built a four-year plan with the objective of moving our safety culture from compliance to commitment by: FY27 focus: Turning the four-year plan into practice through stronger ownership, meaningful leadership engagement, earlier intervention and a more deeply embedded safety culture. • Shifting mindsets so safety is treated as a value, rather than simply a priority, helping embed safer decision-making into everyday work. • Developing stronger and more visible safety leadership, with more meaningful leadership engagement in safety conversations across the business. • Enabling frontline teams to co-design pragmatic solutions that are relevant, effective and sustainable in day-to-day operations. • Strengthening how we manage critical risks, including clearer controls and verification processes.
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Scott Technology Limited: FY26 Results | 31 Looking Forward
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Scott Technology Limited: FY26 Results | 32 Project delivery and timing of major contract wins shape order book Forward Work closing balance reduced from the half-year peak as: • Improved operations led to faster project delivery and revenue recognition. • Equipment forward work of $118m is down on FY25 of $130m due to contract timing and cancellations. • Without ~$11m of recent cancellations in Appliances and MHL, equipment forward work would have closed at ~$129m, in line with FY25. • The Group has confidence leading into FY27 due to the factors outlined on the next page. Snapshot of Forward Work over-time ($m) Special project is the flagship MHL distribution facility in Canada. 90 105 109 130 145 118 45 31 30 16 8 3 26 24 26 23 24 25 161 160 165 169 177 146 HY24 FY24 HY25 FY25 HY26 FY26 Equipment Special Project Recurring
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Scott Technology Limited: FY26 Results | 33 FY27 Guidance and Market Outlook Recent contract wins* • $20m of MHL contracts announced in August across North America and Europe. • $6.5m Appliance project recently secured in North America. FY27 Guidance: Revenue of $310–340m and operating EBITDA of $36–41m, while continuing to invest in innovation, customer capability and the operating platform required to support Destination 2030. * Both contract wins are included in the $146m of forward work. Market Outlook • Scott enters FY27 with a strong pipeline of opportunities progressing across all Domains, supported by ongoing demand for automation and productivity solutions and a growing installed base creating further recurring-revenue opportunities. • Scott is making significant investment in Key Account and Business Development roles across priority markets. • Macroeconomic and geopolitical volatility may continue to affect the timing of customer investment decisions. However, structural drivers including labour scarcity, safety, productivity and supply-chain resilience continue to make automation an increasing business priority.
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Scott Technology Limited: FY26 Results | 34 FY27 Guidance and FY30 Targets FY26 Actual FY27 Guidance FY30 Target Materials Handling Revenue ($m) $130 $130–140 $217–253 Protein Revenue ($m) $67 $80–90 $152–178 Mining Revenue ($m) $62 $65–70 $66–94 Appliances Revenue ($m) $35 $35–40 $45–55 Group Revenue ($m) $294 $310–340 $480–580 (midpoint $530) Operating EBITDA ($m) $36 $36–41 $67–81 Operating EBITDA Margin (%) 12.3% 11.6% - 12.1% ~14% Recurring Revenue (% of total) 32.3% 31%-33% >35%
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Scott Technology Limited: FY26 Results | 35 Closing Comments Record Performance – Record revenue ($294m up +7%) and operating EBITDA ($36.1m up +14%), with earnings growth ahead of revenue growth. Destination 2030 foundations complete – New KAM, Lifecycle Services and Innovation Frameworks are strengthening the business for scalable, customer-led growth. On Track to FY30 target – Domain-led growth and Recurring Revenue support the $530m target. Lifecycle Services lifts Recurring Revenue – Achieving $95m (32.3% of Total Group Revenue). Equipped for Scale – The global people platform is deployed, with an integrated customer platform a medium-term priority. FY27 Outlook – revenue guidance of $310–340m and operating EBITDA of $36–41m.
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Scott Technology Limited: FY26 Results | 36 Thank You