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ISOTEAM LTD. HALF YEAR ENDED 31 DECEMBER 2025 (1HY2026) CORPORATE PRESENTATION 1
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Disclaimer All statements other than statements of historical facts included in this Presentation are or may be forward-looking statements. Forward-looking statements include but are not limited to those using words such as "aim", "seek", "expect", "anticipate", "estimate", "believe", "intend", "project", "plan", "strategy", "forecast" and similar expressions or future and conditional verbs such as "will", "would", "should", "could", "may" and "might". These statements reflect the Company's current expectations, beliefs, hopes, intentions or strategies regarding the future and assumptions in light of currently available information. Such forward-looking statements are not guarantees of future performance or events and involve known and unknown risks and uncertainties. Accordingly, actual results may differ materially from those described in such forward-looking statements. Shareholders and investors of the Company should not place undue reliance on such forward- looking statements. The Company does not guarantee any future performance or event or undertakes any obligation to update publicly or revise any forward-looking statements. 2
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Content 3 01 Business Overview 02 Business Highlights 03 Financial Highlights 04 Outlook and Strategy
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01 BUSINESS OVERVIEW
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About ISOTeam The leader in estate maintenance and building refurbishment 5
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Core Focus: R&R and A&A > 1,000 projects > 8,000 buildings Repairs & Redecoration (R&R) Works Addition & Alteration (A&A) Works Integrated Eco-conscious Solutions • Cyclical and life cycle maintenance • Recurring in nature: Every 5 years by regulation • Estate upgrading and enhancement programmes • NRP + HUP + EUP + HIP + ELU • Recurring in nature: Every 10 years by regulation Across public and private sectors 1HY2026 Revenue Mix 6 R&R 22.8% A&A 40.4% C&P 12.0% Others 24.8% S$53.0 million
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Raymond Construction Pte. Ltd. (A&A, R&R, M&E services and air-conditioning services) 100% ISO-Team Corporation Pte. Ltd. (A&A and R&R) 100% TMS Alliances Pte. Ltd. (R&R) 100% ISO-Landscape Pte. Ltd. (Landscaping and horticulture services) 100% ISOTeam Homecare Pte. Ltd. (Handyman services) 100% ISOTeam C&P Pte. Ltd. (Specialist coating and painting) 100% Green Pest Management Pte. Ltd. (Pest control services) 100% ISOTeam Renewable Solutions Pte. Ltd. (Solar panels installation and mixed construction activities) 100% ISOTeam AET Pte. Ltd. (A&A and commercial interior design) 100% ISOTeam BuildTech Pte. Ltd. (AI-enabled solutions for the built environment) 100% Zara@ISOTeam Pte. Ltd. (Interior decoration and retrofitting works) 100% ISOTeam Loft Pte. Ltd. (Provision of dormitory services for internal use) 100% ISO-Global Academy Pte. Ltd. (Training centre to provide courses for the built environment sector) 51% Corporate Structure 7 Comprise mainly core Repairs & Redecoration, Addition & Alteration and Coating and Painting businesses, along with Renewable Solutions business
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02 BUSINESS HIGHLIGHTS
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Key Developments in 1HY2026 9 ZARA • Acquired remaining 49% interest in Zara for better operational efficiency • Exclusive collaboration with design@LOFT Architects to provide upgrading or renovation works for factory completed dormitories (“FCDs”) AUG EXPANSION • JV with two parties for a training centre to provide various courses in the built environment sector to train and upgrade the skills of foreign workers NOV FUNDING • Series 002 SDAX: Raised up to $8.89 mil • New shares and convertible bonds (CB) placement: - $7.0 mil raised from placement of 86.2 mil new shares at 8.1¢ per share - $3.0 mil raised from CBs with conversion price of 9.1¢ per share; - Investors: Lion Global Investors, Asdew Acquisitions, ICH Capital, Ginko-AGT Growth Fund, Areca Capital, and Azure Capital SEP FUNDING • Series 003 SDAX: Raised up to $7.54 mil DEC
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Order Book 10 31.9 49.8 82.1 64.4 45.4 31.3 36.4 43.5 160.2 136.0 175.8 182.4 193.1 178.6 161.9 176.2 0 50 100 150 200 250 2HY2022@30Jun 1HY2023@31Dec 2HY2023@30Jun 1HY2024@31Dec 2HY2024@30Jun 1HY2025@31Dec 2HY2025@30Jun 1HY2026@31Dec New projects secured during the period ($'M) Order book value ($'M) New Contracts Secured After the Financial Period 26 Jan 2026 18 projects worth $26.6 million to be progressively completed by Mar 2029 26 Jan 2026 $176.2 million order book to be largely delivered in the next two financial years
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Project Gallery 11 R & R R&R: Blk 628 Hawker and Market Centre at Ang Mo Kio Avenue 4 for Yio Chu Kang Division R&R and Improvement and Reroofing Works: Market/Food Centre at Blks 13 and 14 Haig Road in Geylang Serai Division HDB blocks at Bidadari OBS, Coney Island Marina Bay Cruise Centre Sea Horizon condominium C & P R&R to 19 blocks @ Tampines East Division
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Project Gallery 12 Land- scaping For BTO project at Toa Payoh Renewable Solutions LTA Sengkang Depot (NEL)
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Painting Drones 13 Updates on Painting Drone • Technical Upgrades in process • More rounds of test bedding ongoing • Live Demo and application to industrial building structures proposed in 4Q FY2026 • Forecast fleet expansion in by 4Q FY2027
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03 FINANCIAL HIGHLIGHTS
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Salient Highlights 15 1. Revenue decline due to the timing of project completions in the R&R, A&A and C&P segments 2. Improved profit margins reflected cost savings from housing our foreign workforce at our HQ following the conversion of one level into a dormitory 3. Delivered improved EPS to shareholders Revenue $53.0M -18.9% yoy NPAT* $3.3M +70.0% yoy Gross margin 18.6% +3.5 pts yoy ROE 5.7% 1HY2025: 4.3% EPS 0.48¢ 1HY2025: 0.28¢ * Net profit attributable to equity holders of the Company EBITDA $5.6M +5.7% yoy
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130.2 119.2 65.4 53.0 15.5% 16.0% 15.1% 18.6% 0% 5% 10% 15% 20% 0 50 100 150 FY24 FY25 1HY25 1HY26 Revenue ($'M) GPM (%) $’M FY2024 FY2025 1HY2025 1HY2026 NPAT* 6.5 5.1 1.9 3.3 Gross Profit 20.2 19.1 9.9 9.9 EBITDA* 15.1 12.0 5.3 5.6 Times (x) 30-Jun-24 30-Jun-25 31-Dec-24 31-Dec-25 Int. Coverage Ratio (x) 4.1 4.0 3.4 4.4 Gearing Ratio 0.9 1.0 0.8 0.8 Debt Ratio 0.4 0.4 0.3 0.4 Quick Ratio 1.5 1.5 1.5 1.8 * NPAT and EBITDA exclude impairment loss on receivables and contract assets; including non-recurring items from other income 6.8 10.9 17.2 22.8 48.6 38.0 47.2 46.8 0 15 30 45 60 0 5 10 15 20 25 30-Jun-23 30-Jun-24 30-Jun-25 31-Dec-25 Cash Debt Position Key Financial Metrics 16 50.4 28.8 18.8 12.1 45.1 56.5 30.3 21.4 17.2 14.9 7.5 6.4 17.2 19.0 8.8 13.1 0 50 100 150 FY24 FY25 1HY25 1HY26 Segmental Revenue ($’M) R&R A&A C&P Others
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Income Statement: Expenses Key Expenses ($’M) FY 2025 1HY 2025 1HY 2026 Chg (%) Reasons for Variance Cost of sales (100.1) (55.5) (43.2) (22.2) Reflected the cost savings from housing workers at the Group’s own dormitory Marketing and distribution expenses (0.8) (0.4) (0.4) 1.5 No material changes General and administrative expenses (12.4) (5.8) (5.4) (7.5) Mainly due to decrease in legal and professional fees Other expenses (0.6) (0.6) (0.1) (96.6) Mainly due to the absence of equity-settled share- based compensations that occurred in 1HY2025 Finance costs (2.2) (1.2) (1.2) (2.4) No material changes 17 Any variances in percentage changes are due to rounding
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Key Financial Highlights Profitability Ratios FY2025 1HY2025 1HY2026 Basic Earnings Per Share (cents)* 0.73 0.28 0.48 Return On Assets (%) 4.3 1.7 2.5 Return On Equity (%) 10.7 4.3 5.7 Balance Sheet ($’M) FY2025 1HY2025 1HY2026 Current assets 93.1 89.5 103.4 Cash and bank balances 17.2 9.9 22.8 Net current assets 31.0 31.3 46.4 Net assets 48.4 44.8 57.8 Net asset value (cents) 6.79 6.43 7.27 Cash Flows ($’M) FY2025 1HY2025 1HY2026 Operating cash flows before working capital changes 9.4 5.5 5.1 Cash generated from operations 0.1 1.0 0.9 Net cash generated from operating activities 0.1 1.1 0.9 Net cash used in investing activities (0.2) (0.1) (0.4) Net cash generated from / (used in) financing activities 6.5 (1.9) 3.0 *Basic EPS based on 683,400,843 shares in HY2026; 697,566,862 shares in 1HY2025; and 702,338,095 ordinary shares in FY2025 18
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04 OUTLOOK AND STRATEGY
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Resilient Outlook: Singapore Construction Demand $50.5B preliminary $39B-$46B forecast each year $47B-$63B forecast 2025 • Attributed to construction of institutional and housing projects 2026 Supported by packages for: • Changi T5 development • MBS Integrated Resort expansion • New Tengah General & Community Hospital • Downtown Line 2 extension • Thomson-East Coast Line extension 2027-2030 Pipeline of large developments • Changi T5 development • HDB BTOs construction • Redevelopment of NUH at Kent Ridge • Redevelopment of various Junior Colleges • Development of the new Singapore University of Social Sciences (SUSS) City Campus. 20 Source: BCA, 22 Jan 2026
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Government Initiatives 21 Town Councils • Every 5 years: Repaint external walls and mandatory façade checks (R&R project cycle) HDB • Every 12-15 years: Neighbourhood Renewal Prog. • Home Improvement Prog. NEA • Food Centre Upgrading Prog. National Parks & BCA • Park devt., maintenance & upgrading • Every 7 years: Facade checks (structures over 13-m in height and over 20-yo) FOR THE BUILT ENVIRONMENT CITY IN NATURE: LUSH 3.0 By 2030 • Increase nature parks’ land area by over 50% from 2020 baseline • Every household within a 10- minute walk from a park By 2035 • Add 1000 ha of green spaces ENERGY RESET: GREEN ENERGY By 2030 • Increase solar energy to at least 2 GWp to meet around 3% of our 2030 projected electricity demand or for around 350,000 households RESILIENT FUTURE: KEEPING SINGAPORE COOL • Mitigate the Urban Heat Island (UHI) effect • Piloting the use of cool materials and reducing human-generated heat SG GREEN PLAN 2030 Source: www.greenplan.gov.sg (Jan 2024)
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22 Growth Driver: New HDB BTO Supply “HDB launched a total of 19,723 BTO flats in 2025.” “HDB will launch 19,600 BTO flats in 2026.” “HDB is on track to meet its goal to offer 55,000 flats from 2025- 2027, with 127 housing projects currently under construction.” Existing HDB building stock: ~15,000 blocks (Company estimate) + Source: HDB, 8 Jan 2026 and The Straits Times, 14 Jan 2026
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More Growth Drivers 23 Estate URA Master Plan 2025 Gazetted 1. Expand supply of new homes At least 80,000 new public and private homes to be built in more than 10 new neighbourhoods across Singapore over the next 10 to 15 years. 2. Enhancing recreational spaces and nature 3. New integrated community hubs New hubs planned for towns such as Woodlands, Yio Chu Kang and Sengkang…these hubs will combine sports, healthcare, retail and recreation under one roof.” Estate Upgrading and Sustainability Initiatives 1. Neighbourhood renewal Prog. 16th BATCH Over S$165 million set aside to rejuvenate 17 neighbourhoods 2. Green Towns Programme By 2030: Cool coatings for HDB blocks in all estates and upgrading of HDB-managed complexes to reduce carbon footprint eg roof-top solar panels 3. Island-wide Cycling Network Expansion By 2030: To double cycling paths and park connectors to about 1,300 km. 4. Sport-in-Precinct Scheme By 2030, to have SIP facilities in all HDB estates within 10-minute walk
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Strategic Plans 24 1 Build tech and automation capabilities to address efficiency, labour supply and rising costs • Drone deployment: To commercialise Al-enabled drones for façade inspection, washing and painting of blocks. These drones can potentially reduce painting time by up to 30%-40%. • Robotics: Painting robots to handle interior painting for BTO flats. 2 Green economy and sustainability to align our growth with SG Green Plan 2030 • Cool Paintings: Primary applicator for heat-reflective paints on HDB blocks. MND has made it mandatory for more than 10,000 HDB blocks undergoing their 5-year repainting programme to use cool paint system. • Renewable Energy: Solar energy system for commercial and industrial areas and for HDB, LTA, JTC; tapping into SG’s target for 2 GWp of solar capacity by 2030. • Eco-retrofitting: Green procurement policies to identify and use environmentally friendly materials. Water-based painting and coatings materials as well as in waterproofing and fireproofing materials. 3 Strategic Focus and Partnership • 20-year exclusive relationship with Nippon Paint for public sector which supports their cool coating and drone painting initiatives. • Partnership to set up a training center to train and upgrade the skill of workers; help to increase productivity and reduces the chance and cost of redundancy. Strong Foundation • Strong construction demand in Singapore in the next 3-5 years • Strong order book visibility till 2029 • Uniqueness of Singapore‘s mandatory housing upgrading policies • Stabilising supply of migrant workers 4 • To strive for consistent revenue growth of at least 10% year-on-year • To grow our profitability consistentlyGoal Transforming our traditional labour-intensive work method into a tech-driven, eco- conscious maintenance / upgrading specialistStrategy
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Investment Merits CapabilitiesNetworkTrack Record • Margin expansion via “Build Tech”: Reduce labour costs by 30%-40% and shorten project timelines • High growth “Green Economy” projects: Solar energy and heat reflective cool coating projects • Multi-disciplinary capabilities: The preferred one-stop solution provider in the BE sector. • Robust and long-standing relationships with Nippon Paint, SKK and TOC • Strategic partnerships: design@LOFT Architects, and Elite Engineering Specialist • Structural industry tailwinds: Over 27 years of experience and strong track record with Town Councils and HDB • Sustainable Growth: Resilient business with over 80% of revenue from the public sector • An established player and beneficiary of government spending: Firm construction demand to 2028 Team • Strong team of professional management and operations personnel • Attract and provide clear career pathway to be at the forefront of evolving trends • People development, career advancement and upgrading opportunities • Improving work-life balance and competitive compensation and benefits through supportive government grants Future • Robust revenue visibility: Strong order book of $176.2 mil @1HY2026; active tenders in process • Riding the continued growth in the construction sector and the SG Green Plan 25
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Thank You! 26 Q&A www.isoteam.com.sg ir@iso-team.com Creating, Enhancing and Sustaining Singapore’s Built Environment With our Green Focus and Reputation for Quality, Safety and Speed Sponsor Statement: This announcement has been prepared by the Company and its contents have been reviewed by the Company’s Sponsor, Hong Leong Finance Limited. It has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement. The contact person for the Sponsor is Mr Kaeson Chui, Vice President, at 16 Raffles Quay, #01-05 Hong Leong Building, Singapore 048581, Telephone (65) 6415 9886.