AUSTIN ENGINEERING LIMITED — Annual Report 2023

Aug 27, 2023

Austin

Engineering Ltd

FY23 Financial Results

28 August 2023

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First HPT truck body delivered to RTIO on a Komatsu Truck
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www.austineng.com
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Agenda

• FY23 Key Financial Highlights

• About Austin

• Who we are

• Our 40-Year Journey

• What we do

• Where we operate

• Our recent customers

• Why we are different

• Our markets

• Financial Results

• Global Strategy

• Outlook and Guidance

• Sustainability

• Board & Management Team

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Austin Engineering Limited FY23 Final Financial Results

www.austineng.com

FY23 highlights (normalised)

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Net Profit after Tax
20
Revenue Net debt 18.1
18
16.7
$258m $14m
16
Up 27% from FY22 Excl. lease liabilities
Impact of Austin 2.0
14
EBITDA Operating Cashflow 12
10 9.6
$31m $15.8m 8.9
8.1
Up 10% from FY22 Up 236% from FY22 8
6
NPAT Order Book
$18.1m $143.7m 4
2
Up 8.4% from FY22 Up 35% from FY22
0
FY19 FY20 FY21 FY22 FY23
In million $
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Results are normalised and continuing operations as detailed in the associated FY23 Results ASX release dated 28 August, 2023.

Austin Engineering Limited FY23 Final Financial Results

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P 4 Austin Engineering Limited FY2022 Results Presentation
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Key financial highlights

• Group revenue of $258.3 million, up 27% (FY22: $203.3 million)

• Normalised EBITDA of $31.3 million, up 9.5% (FY22: $28.6 million)

• Normalised NPAT of $18.1 million, up 8.4%, within guidance (FY22: $16.7 million)

• Statutory NPAT of $7.1 million (FY22: 20.6 million)

• Operating cashflow increased to $15.8 million, up 236% (FY22: $4.7 million)

• Order book up 35% year-on-year to $143.7 million

• Long term customers drive recurring revenue of 89%

• Guidance:

• H1 FY24 revenue of $120 million - $140 million, up ~60% from H1 FY23

• H1 FY24 underlying NPAT of $10 million - $12 million, up ~50% from H1 FY23

 Company on track to be debt free in FY24

For further explanation of highlights, refer to ASX announcement dated 28 August 2023.

All numbers referenced throughout this presentation and the associated ASX announcement of the same date are on a normalised, continuing operations basis and comparisons are on a PCP basis unless otherwise stated.

www.austineng.com

Who we are

Austin supplies customised equipment to large global mining clients, mining contractors and original equipment manufacturers. Our innovative solutions maximise productivity and payload for our clients.

17 Locations across six continents, including partners.

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40+ years

5

Engineering and Operating sites across four continents manufacturing mining equipment

12

4

Partner final assembly companies

Number of ‘home markets’

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~1211

Employees and contractors worldwide

89%

Recurring customer orders

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www.austineng.com

Austin Engineering Limited FY23 Final Financial Results

Our 40-year journey

Brisbane, Australia Perth, Australia Casper, USA La Negra, Chile 1982 2004 2007 2009 Austin is founded Acquired JEC Acquired Westech Acquired Conymet

Return on Equity (RoE)

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20.0%
18.0%
16.0% 16.0%
16.0%
Impact of Austin 2.0
14.0%
12.0%
10.2%
9.1% 10.0%
8.0%
6.4%
6.0%
4.0%
2.0%
0.0%
FY19 FY20 FY21 FY22 FY23
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*Data is normalised and from continuing operations for comparison purposes.

Batam, Indonesia Global Operation Worldwide Mackay, Australia Batam/La Negra 2011 2017 2022 2022 2023 Commenced operations Austin is rebranded Austin 2.0 commenced Mainetec joins Austin Facility expansion

EBITDA (Normalised)

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35
31.3
30 29
Impact of Austin 2.0
25
22.5
20.9 21.4
20
15
10
FY19 FY20 FY21 FY22 FY23
in million
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Results are normalised and continuing operations. The FY23 normalisations are as detailed in the associated FY23 Results ASX release dated 28 August, 2023

Austin Engineering Limited FY23 Final Financial Results

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About Austin

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Austin Engineering Limited FY23 Final Financial Results

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What we do

We are an industrial business producing world class customised wear products for the mining industry

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Customised for ore Configured to fit OEM
type & nature excavators, dippers, Designed to improve
face shovels, etc. digging characteristics
Optimised for weight
carrying, mining
configurations & life
Optimised for customer
Configured to fit all OEM
preferred Ground
truck types & models
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Optimised for customer
preferred Ground
Engagement Tools (GET)
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Austin Engineering Limited FY23 Final Financial Results

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Six truck tray types for different applications

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ULTIMA
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HPT
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WESTECH
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WESTECH
PREMIER JEC
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JEC-LD

Austin Engineering Limited FY23 Final Financial Results

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Leading range of mining buckets for many applications

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Austin Engineering Limited FY23 Final Financial Results

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What we do

Tyre Handler

Water Tank

Ore Chute*

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• *Ore Chutes are designed by Nordic Minesteel Technologies and built under licence for Freeport mine in Indonesia.

Austin Engineering Limited FY23 Final Financial Results

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Where we operate

The major mining jurisdictions of the world are our home markets, currently covering circa 65% of global truck tray market.

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Batam
Serves Asia and provides low-cost
manufacture for APAC
Wyoming
Serves Powder River coal and hard rock
in Arizona, Nevada and the broader USA
Chile Australia
Serves hard rock in Antofagasta, Serves iron ore, coal and hard rock
broader Chile and Southern Peru
including copper, gold, nickel, lithium
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Wholly Owned

Partner final assembly

(Melter Mexico, Mackay (2), Townsville, Hunter Valley, NZ).

Austin Engineering Limited FY23 Final Financial Results

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Why we are different

• Austin is a world leader that has innovated products and the industry and has a strong brand in major markets.

• Austin is an industrial business building standard product types with more reliable revenue and earnings outlook.

• Product 85 % • Austin has high IP levels building customised products that are optimised for a specific mine and operator to Focused improve mining efficiency. Of revenue

• Operational was associated • Products are made to order, fast turnover consumables critical to most types of mining worldwide. Average truck Strategy with products body turnover is 3-8 years depending on market. • Short product lead times mean that input cost changes can be rapidly accommodated in pricing. • Austin’s order book is related to mine throughput and therefore less affected by capex investment cycles.

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Data is at end of FY22 and has not been updated for Mainetec

Austin Engineering Limited FY23 Final Financial Results

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Why we are different

• Austin is strategically located in the key mining areas of the world that are both accessible and have high product demand.

Global Diversified Diversification Revenue throughout of Operations key global markets

• Most mines in the world transport ore from pit to process by truck. This drives demand for bodies and buckets.

• Austin sells products to many of the world's tier one miners and below, reducing customer commodity or market concentration.

• Product diversification is increasing following acquisition of Mainetec and focus on additional markets.

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Data is at end of FY22 and has not been updated for Mainetec

Austin Engineering Limited FY23 Final Financial Results

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Global Mining Truck Tray Market		~18% Market share worldwide	• Currentthird party data suggests the world market for 100 tonne+ trucks is circa 20,000 in total. Austin estimates more than 3,000 replacement truck trays and 500 buckets arecurrentlyrequired p.a. • Austin is the world brand leader for truck trays, but a market share estimated at 18% indicates a growth opportunity for innovative new products that reduce mining costs and increase efficiency. • Australia followed by North America are the two biggest truck tray markets in the world and home to Austin's two biggest businesses.
Australian Mining Truck Tray Market		23% Market share in Australia	• Australia is the single biggest market for truck trays in the world based on truck fleet size and replacement practices. • WA is the biggest truck body market in Australia (46%), followed by QLD (29%) and NSW (21%). • Australian market is characterised by highly demanding customers focused on efficiency and total cost of ownership requiring sophisticated suppliers. • (as a result) Equipment replacement cycles are generally shorter in Australia leading to higher equipment replacement.
Global Commodity Market Tailwinds		74% Revenue exposed to hard rock mining	• Austin delivers a range of mining equipment products but primarily for hard rock applications where high equipment wear is a feature. Key materials are led by iron ore in Western Australia but also include coal in the US and Australia, oil sands in Western Canada, and copper, nickel, zinc, lithium and other commodities. • Recovering demand across the industry has led to strong mineral prices in almost all commodity sectors driving miners to focus on maximising output. • Key Austin 'home' markets in the US and Chile are performing well and above historic norms due to significant changes in these businesses. Australia still seeing significant disruption due to labour issues post pandemic. • Australia, the single largest market in the world for truck trays, with the market remaining strong in almost all sectors.

Austin Engineering Limited FY23 Final Financial Results

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Financial Results David Bonomini, Chief Financial Officer

Austin Engineering Limited FY23 Final Financial Results

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Analysis of Financial Results

Financial Performance: (Continuing Operations)

12 months ending (Normalised)		FY23*	FY22*	VAR %
Revenue	$M	258.3	203.3	27%
EBITDA	$M	31.3	28.6	10%
EBITDA margin	%	12.1%	14.1%	-2.0%
Depreciation and amortisation	$M	(7.9)	(5.1)	55%
EBIT	$M	23.4	23.5	-0.5%
EBIT margin	%	9.1%	11.6%	-2.5%
Net interest expense	$M	(3.0)	(1.1)	173%
PBT	$M	20.4	22.4	-9%
Tax Expense	$M	(2.3)	(5.7)	-60%
NPAT	$M	18.1	16.7	8.4%

• Revenue up 27% to $258.3 million and up 11% on a likefor-like (LFL) basis, with Austin’s 2.0 business strategy driving higher sales in all regions, a wider product offering and acquisition of Mainetec.

• EBITDA up 10% to $31.3 million and in line on a LFL basis.

• D&A and Net Interest expense increase is due to the Mainetec acquisition and increase in interest rates.

• Effective tax rate across the Group is 11% includes DTA recognised for Chile. Actual tax paid in the period is $4.8 million from US & Indonesia.

• NPAT up 8.4% to $18.1 million.

• FY22 has been restated for discontinued operations & normalised for FX

• FY23 EBITDA has been normalised by $11m for FX, Mainetec acquisition & Integration costs, warranty provision, ERP write off, Colombia cost, Batam expansion cost, Business restructure.

Austin Engineering Limited FY23 Final Financial Results

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Analysis of Financial Results

Operating cashflow improves to $15.8 million

• Cash steady at $20 million.

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• Cash from operating activities improved $16 million over past 12 months.

• $9.0 million working capital outflow due to inventory.

• $8.7 million capital investment in the period for Indonesia, Chile and Western Australia.

Borrowings increased by $10 million due to Mainetec acquisition.

Lease repayments of $5.5 million.

Cash flows reflect continuing and discontinued operations, as such certain amounts will not reconcile to performance statements above, which are shown on a continuing basis

Austin Engineering Limited FY23 Final Financial Results

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Analysis of Financial Results

Balance Sheet and Other Items

Working Capital

$M	FY23	FY22
Work-in-progress	20.6	20.5
Raw materials	47.8	19.5
Finished goods	0.4	0.4
Total inventory	68.8	40.4
Trade receivables	43.3	48.6
Accrued revenue	1.0	5.9
Total receivables	44.3	54.5
Trade & other payables	50.9	48.4
Customer advance payments	19.2	12.5
Total payables	70.1	60.9
Net Working Capital	43.0	34.0

• Zero Work in Progress maintained, with customer advance payments of $19.2 million, offsetting working in progress inventory of $20.6 million. Indicates strong future cash flows even as business grows.

• Buildup of steel inventory during COVID-19, plus shipping issues has increased raw materials by $26.3 million. This is anticipated to reduce as safety stock is consumed in FY24, strengthening the Group cash position.

• The shift of customer trading terms to ex-works and focus on collections has held over the prior year even though revenue has grown by 27%.

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Austin Engineering Limited FY23 Interim Financial Results

Analysis of Financial Results

Balance Sheet and Other Items

Net Debt

$M	FY23	FY22
Total Assets	260.9	214.1
Total Shareholders Funds	114.2	107.3
Net Debt *	14.1	1.2
Net Debt to Net Debt plus Equity *	11%	1%

• Total Assets up by $47 million due to:

  • Inventory increase of $28.7 million from the build-up of steel inventory during pandemic and induced shipping issues at the time. Inventory is anticipated to reduce as the safety stock is consumed in FY24.

  • Investment in equipment of $10.5 million supporting Indonesia and Chile expansion, advance manufacture in Australia.

  • Intangible assets up $14.5 million with addition of Mainetec.

• Net debt of $14.1 million increased due to Mainetec acquisition debt of $11 million (excludes $14 million of liabilities relating to longterm property leases and Mainetec deferred consideration of $6.9 million and hire purchases of $0.7 million).

• Low balance sheet leverage with debt to equity ratio at 11%. Anticipate net debt to improve in FY24 with continued improvement in operational performance and reduction in inventory and move the net cash position.

• Net Debt excludes Mainetec deferred consideration & IFR16 leases

Austin Engineering Limited FY23 Final Financial Results

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Analysis of Financial Results

Sector Analysis

Asia-Pacific		FY2023	FY2022	FY2021
Revenue	$M	141.9	107.5	138.3

Austin Indonesia

Austin Australia (Perth)

• Overall order book for the APAC business unit is up nearly 40% yoy.

• Perth-based unit made a significant loss in the year although problem issues now mostly resolved.

• WA facilities being re-organised to be more complementary to the Indonesia operations, freeing up capacity. Australian market remains very strong.

• Targeted immigration of specialised welders is growing the Perth workforce for the first time since COVID-19.

• Perth forecast to be profitable in FY24 following restructure.

• New HPT truck tray has been successful with ~150 trays ordered to date and the first delivered to a customer.

• Indonesian operation continues to perform well and is providing high quality capacity to meet growing demand in Australia and the US.

• Revenue was up 51% yoy (~250% over 2 years) as the focus on the location as a manufacturing hub continues.

• Deliveries to Indonesia, Africa, Central Asia, Europe, US and Australia provides good customer and geographic diversity.

• Production capacity being increased but within the current facilities by implementation of improved manufacturing techniques to increase build velocity.

• Advanced manufacturing equipment now fully implemented thereby supporting increased volumes, better labour utilisation and improved product quality.

Austin Mainetec

• Mainetec acquisition added over $30 million to revenue, in line with the full year forecast.

• Synergy benefits being delivered progressively, although material cost savings have been delayed and will impact from October 2023.

• Strengthened market position in Australia presents benefits to customers with a broader product offering. Market share has surged for buckets for both Mainetec and Austin products.

• Mainetec buckets, parts and upgrades are now being offered in the Americas with the first major sale completed in H2 FY23. Multiple new opportunities leveraging Mainetec are being pursued, and expectations of success are high.

• Shipping costs for heavy deck cargo (such as trays and buckets) has halved since the peak during COVID19, meaning shipping to Australia and the US is now economic.

P 21 Austin Engineering Limited FY23 Final Financial Results

www.austineng.com

Analysis of Financial Results

	North America		FY2023	FY2022	FY2021
Sector Analysis	Revenue	$M	75.3	66.7	35.7

• The North American business has continued to improve strongly following significant improvements to competitiveness, production efficiency and a strategic market focus with revenue up 13% yoy (210% over 2 years).

• US market is growing with focus increasingly on more efficient bodies with lower maintenance needs due to labour restrictions at mines, similar to the experience in Australia.

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• As a result, US order book is nearly double the result of the prior corresponding period.

• US business now expected to run at a historically high utilisation levels throughout FY24 and will be supported by additional local capability and the Indonesian operations.

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FY2021 has been restated for discontinued operations

Austin Engineering Limited FY23 Final Financial Results

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Analysis of Financial Results

Sector Analysis

South America		FY2023	FY2022	FY2021
Revenue	$M	41.1	29.2	24.1

• Operational efficiency improvements implemented from 2021 have continued to ensure that Austin Chile remains profitable and has driven a higher order success rate. Revenue was up 41% yoy.

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• AustBuy steel supply commenced in June 2023 and is expected drive increased competitiveness as costs reduce.

• Facility upgrades, including a new plasma cutting machine and increase in working areas, are now complete and have facilitated the revenue growth in the year, which is likely to be sustained in FY24.

• Chile has low market share in mining buckets, and this is now a focus of attention.

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Global Strategy David Singleton, Chief Executive Officer and Managing Director

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Austin 2.0 global strategy launched July 2021

Global strategy remains unchanged and is delivering major benefits to revenue and margins.

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Product Leadership
3
2 1
Manufacturing Leadership Cost Leadership
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Austin has 89% of revenue from repeat customers

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11%
33% 56%
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Annual Recurring Revenue

• Austin delivers customised mining equipment to most of the world’s biggest miners.

• Austin has long term supply agreements with many major mining companies in every one of its operating regions.

• Austin continuously develops its products to stay ahead and win the ongoing support of customers, mostly over many years.

• Austin has an installed base of over 3000 truck bodies worldwide that have an average life span of circa 4 to 5 years.

• Austin has an installed base of circa 200 buckets worldwide that require annual workshop maintenance.

Repeat Customers (Non Annual Buys)

Other

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Core product diversity mix is improving aided by Mainetec

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13%
FY23
29% $258m
58%
16%
16%
FY22
$203m
68%
Truck Bodies
Buckets and other products
Repairs and Maintenance
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• Increased focus on mining buckets and other products has increased the share from 16% to 29% of revenue.

• Bucket and other products have grown in revenue terms by ~240% and are expected to grow substantially in FY24.

• Opportunities exist to increase buckets in other regions outside APAC remain, especially Chile and US.

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Customers include many of the industry ‘blue chips’

Customer map showing major orders over the last 12 months.

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Global strategy is working and driving PWin

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3
2 1
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Cost Leadership

Cost base reduction has helped drive BU margins

• Overheads have stabilised whilst revenue has risen.

• Mainetec cost base reduced through support integration.

• Further regional optimisation is planned particularly in ‘back office’.

Labour availability in main markets driving capacity expansion in Indonesia

• Major upgrades in Batam mean that this facility now routinely builds for Australian customers.

• First builds and deliveries into the US now underway to meet capacity demands.

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Freight rates have halved since COVID-19 making Batam even more cost effective

• Deck cargo rates mean full body shipping is now an option many locations.

• Large mining buckets (high labour content) can now be economically shipped from Batam

• to rest of world.

Terms of Trade improvements

• Order deposits now funding work in progress inventory.

• Raw material inventory will reduce in FY24 due to more efficient inventory planning.

Austin Engineering Limited FY23 Final Financial Results

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Manufacturing strategy is increasingly driving benefits

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3
2 1
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Austin 2.0 ‘Hub & Spoke’ manufacturing strategy continues to mature

• Batam business grew by 51% in FY23 with further revenue growth expected in FY24.

• Batam to near double truck tray monthly build capacity by end H1 FY24.

• Truck tray sub-assemblies for Australia now routinely built in Indonesia.

• First ever builds and deliveries into North America initiated in the year expanding US fundamental capacity.

Manufacturing Leadership

AustBuy steel procurement maturing and driving down costs

• Steel now a cost differentiator - important when steel is a major part of the cost base.

• Mainetec and Chile have recently joined the AustBuy program.

• US more complex due to tariffs but present a big opportunity. Now under development.

~$10m invested in updated manufacturing equipment and to increase capacity

• Capacity increases in Indonesia, Chile, and Australia now fully operational.

• $5m grant awarded by West Australian government to 50/50 fund advanced manufacturing initiatives.

~$10m refers to total capital investment spent or committed since Austin 2.0 started 18 months ago.

Austin Engineering Limited FY23 Final Financial Results

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Investment in products has generated rapid returns

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3
2 1
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Phase 3 (FY 2023 impact) Product Leadership

HPT truck tray launched with over ~150 committed already

• Customers are switching to the new HPT lightweight trays.

• Customer interest is high and substantial numbers of new HPT trays expected to be sold this year.

• Austin now has six different tray configurations fulfilling differing customer needs.

Austin-Mainetec Hulk and JEC buckets are selling well

Digital solution for predicting bucket and truck tray wear a ‘first’ in the industry

• Mainetrack digital wear tracking system is being effectively used in one of the largest miners.

• System has been extended for truck trays and application.

• System predicts when products will meet end of life, which greatly improves mine planning.

Austin Engineering Limited FY23 Final Financial Results

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Outlook & Guidance

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FY23 Market Guidance

• Market dynamics remain strong with electrification metals and energy certainty substituting for lower industrial production caused by deflationary action.

• Austin’s international footprint and investment in increasing production capacity to meet growing customer demand has given the business a key edge particularly in the Australian and US markets. When coupled with continued focus on customised and high quality designs, Austin has a series of key market differentiators.

Financial Guidance

• H1 FY24 Revenue of $120 million - $140 million, up ~60% from H1 FY23

Outlook

• H1 FY24 underlying NPAT of $10 million - $12 million, up ~100% from H1 FY23

• FY24 opening order book is at 50% of forecast revenue, compared with 42% of actual revenue in FY23

• Company on track to be debt free in FY24

• Guidance has been made on the following basis: • Constant FX rates based on end FY23 actuals.

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H1/H2 revenue split has historically been in the ratio 40/60

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$250,000.00
$200,000.00
$150,000.00
$100,000.00
$50,000.00
$-
FY20 FY21 FY22 FY23
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Average revenue seasonality of 43/57 H1/H2 driven by buying patterns of certain major customers regionally that reorder at the end of the CY

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H1 H2
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Sustainabilit y

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Safety performance remains well ahead of industry rates

LTIFR

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8 8
7.3
7 7
6 6
5
5 5
4 4
3 3
2 1.6 1.7 2
1 1
0.5
0 0
Jun-19 Jun-20 Jun-21 Jun-22 Jun-23
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TRIFR

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18
15.7
16
14
12.9 12.7 12.8
12
10
8
7.1
6
4
2
0
Jun-19 Jun-20 Jun-21 Jun-22 Jun-23
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Lost Time Injury Frequency Rate (LTIFR)

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FMPM
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Total Recordable Injury Frequency Rate (TRIFR)

Note: The LTIFR Industry benchmark figures are provided by SafeWork Australia. FMPM – Fabricated Metal Products Manufacturing, *MI – Mining industry Austin Engineering frequency rate data are both employees and contractors combined.

Austin Engineering Limited FY23 Final Financial Results

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Sustainability

Social

Safety, Health and Wellbeing

• Marked the first full year of the ‘Buckets, Bodies and Benefits’ (BBB) reward and recognition program.

• Batam workforce in Indonesia achieved 3 million manhours LTI free.

• Austbore in Queensland achieved over 4 years LTI free.

• OS&H performance improved through proactive engagement with our workforce.

• LIFE Saving Controls program reducing exposures to hazards and injury prevention.

• Monthly reporting on effectiveness of Critical Risk Controls (CCEMP) program.

• Continued to offer training and development programs to all staff globally.

• Trial commenced for nine-day work fortnight for Australian-based finance teams.

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Communities

• Continued to support local employment, sourcing more than 80% of our workforce from communities near to our global manufacturing bases.

• Our AustBuy bulk procurement program sources a significant percentage of steel from locally based mills to supply our facilities.

• Education and training programs offered to global workforces including apprenticeships and graduate intake:

• Four new female welders at our Batam facility, completing training at our inhouse welding school.

• Training of female welding QC inspectors at our Batam facility

• Held staff and cultural inclusion events to promote inclusion and strong workplace culture.

• Supported local communities and initiatives to enable meaningful outcomes.

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Sustainability

People

Headcount

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1400
1200
1000
800
600
400
200
0
FY20 FY21 FY22 FY23
Mainetec Australia North America South America Indonesia
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• Headcount remained relatively stable between 30 June 2022 and June 2023.

• Increases in Asia-Pacific to meet strong production demand in Indonesia.

• The acquisition of Mainetec in Australia offsetting a minor reduction in Perth as production eased prior to forecast increased activity for the next financial year.

Environment

Austin is committed to operating in a manner that acknowledges and proactively manages the issues most material to the long-term sustainability of its business, the environment, and the communities in which it operates. This commitment is driven by Austin’s Core Values, which are integral to our business and culture

Austin's FY23 Sustainability Report has been lodged on the ASX and is also available on the Company's website.

  - 82% of waste recycled at WA operations. 90%+ waste recycled internationally.

  - Almost 100% steel utilisation, minimising requirement for recycling.

  - Scrap deposit bins for metal by-product recycling.

  - Meeting customer asks for products with lower energy use, GHG emission reduction capabilities.

  - New lightweight trays and buckets launched with reduced steel, fuel and tyre usage, and increased payload.

  - Condition monitoring software on buckets and trays, enabling better precision over replacement.

  - Investment in energy-efficient lighting, modern welding equipment and manufacturing technology to reduce waste and energy.

• South America eased a little ahead of forecast increase and

• North America remained stable.

• Headcount includes both permanent and flexible staff as well as those on labour hire arrangements.

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Board and Mana ement g

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Board of Directors
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JIM WALKER

NON-EXECUTIVE CHAIRMAN

CHRIS INDERMAUR

INDEPENDENT NONEXECUTIVE DIRECTOR

LINDA O’FARRELL

SY VAN DYK

DAVID SINGLETON

INDEPENDENT NON-EXECUTIVE CHIEF EXECUTIVE OFFICER AND INDEPENDENT NON-EXECUTIVE DIRECTOR MANAGING DIRECTOR DIRECTOR

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Executive Management
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VINCENT D’ROZARIO

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DAVID SINGLETON
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CHIEF EXECUTIVE OFFICER & CHIEF OPERATING OFFICER MANAGING DIRECTOR

KATINA NADEBAUM COMPANY SECRETARY

DAVID BONOMINI CHIEF FINANCIAL OFFICER

KIRSTEN CADLE BRAD HIGGINS GENERAL COUNSEL GM SALES APAC & EMEA

KYM CRAMER GLOBAL HEAD OF SUSTAINABILITY

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EDWARD LAWLEY GENERAL MANAGER INDONESIA

JOHNNY GREER GENERAL MANAGER NORTH AMERICA

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CHRIS ORMSTON GASTON MIRANDA BRETT HAMPSON DAN SANDERSON
GENERAL MANAGER GENERAL MANAGER GENERAL MANAGER GENERAL MANAGER
AUSTRALIA SOUTH AMERICA MAINETEC AUSTBORE
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Important Information

This presentation has been prepared by Austin Engineering Limited (ABN 60 078 480 136) (“Austin” or the “Company”). The information in this presentation should be read in conjunction with Austin’s continuous disclosure announcements. The information is of a general nature and has been prepared by Austin in good faith and with due care but no representation, warranty or assurance, express or implied is given or made as to the fairness, accuracy, adequacy, completeness or reliability of any statements, estimates or opinions, conclusions or other information contained in this presentation. The full year results are based on audited financial statements and the prior reporting period is restated for discontinued operations.

You should also be aware that any forward looking statements in this presentation are subject to inherent risks and uncertainties. Those risks and uncertainties include factors and risks specific to the businesses of Austin as well as general economic conditions and conditions in the financial markets. Actual events or results may differ materially from the events or results expressed or implied in any forward looking statement and such deviations are both normal and to be expected. No relevant party makes any representation or warranty (either express or implied) as to the accuracy or likelihood of fulfilment of any forward-looking statement, or any events or results expressed or implied in any forward-looking statement, and you are cautioned not to place undue reliance on these statements. The forward-looking statements in this presentation reflect views held only as at the date of this presentation.

Subject to any continuing obligations under applicable law or any relevant ASX listing rules, Austin also disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statements in this presentation to reflect any change in expectations in relations to any forward-looking statements or any change in events, conditions, circumstances, expectations or assumptions on which any such statement is based. Nothing in this presentation shall under any circumstance create an implication that there has been no change in the affairs of Austin since the date of this presentation.

The information in this presentation does not constitute financial product advice (nor investment, tax, accounting or legal advice). Investors must not act on the basis of any matter contained in this presentation, but investors must rely on their own independent assessment, investigations and analysis of Austin. Investors should obtain their own professional, legal, tax, business and/or financial advisors before making any investment decision based on their investment objectives. Due care and attention should be undertaken when considering and analysing the financial performance of Austin.

All amounts are presented in Australian dollars unless otherwise stated.

This presentation includes certain terms or measures which are not reported under International Financial Reporting Standards (IFRS) including, but not limited to, ‘underlying’ and ‘normalised’. These measures are used internally by management to assess the performance of the business and make decisions about the allocation of resources. These non-IFRS measures have not been subject to audit or review. Refer to Austin’s published financial results to ASX for financial information presented in according with IFRS standards.

Each recipient of this presentation or any entity or person receiving this document represents, warrants and confirms that it accepts the above conditions.

This presentation and the information contained in it does not constitute a prospectus or product disclosure statement, disclosure document or other offer document relating to Austin under Australian law or any other law. This presentation is not, and does not, constitute an offer, invitation or recommendation to subscribe for, or purchase, securities in Austin.

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