CIVMEC LIMITED — Capital/Financing Update 2022

May 24, 2022

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Civmec awarded A$120 million in new contracts across multiple operating sectors

PERTH, SINGAPORE 25[th] May 2022 – Civmec Limited (“ Civmec” or the “ Group” ) is pleased to announce that it has recently secured circa A$120 million of new contracts across multiple operating sectors.

Car Dumper Replacement (Resources - Manufacturing)

BHP has awarded this contract to Civmec for the replacement of BHP’s Car Dumper 3 (CD3) at BHP’s Nelson Point facility in Port Hedland which was commissioned in 1998. The new CD3 has a design life of 30 years and is intended to fit in the existing concrete vault with minimal structural modifications.

Procurement activities for this project have commenced, with fabrication commencing in Q1 FY2023 and completion of fabrication in Q4 FY2023. At peak this contract will employ approximately 85 people.

Subsea Project (Energy - Manufacturing)

Subsea 7 has awarded the contract for subsea structures on the Woodside-operated Scarborough Project* performed by Subsea Integration Alliance, a nonincorporated strategic global alliance between Subsea 7 and OneSubsea®, the subsea technologies, production, and processing systems division of Schlumberger.

The scope of work includes a riser base manifold and foundation, 6 off FLETs (Flowline End Termination) c/w mud mats, 7 off ILT (Inline Tees) and 2 off permanent PLRs (Pig Launcher Receivers). Totalling over 1,700 tonnes of subsea structures, the project deliverables, welding procedure qualification campaign and shop detailing will commence immediately with fabrication commencing in Q4 2022 through to FAT (Factory Acceptance Testing) being carried out from Q2 2023 with progressive loadout to Q3 2024, this project will employ 80 people at peak.

*The Scarborough Joint Venture comprises Woodside Energy Scarborough Pty Ltd (73.5%) and BHP Petroleum (Australia) Pty Ltd (26.5%). Woodside and BHP announced on 22 November 2021 that a final investment decision has been made by the Scarborough Joint Venture to proceed with the Scarborough Project.

Roy Hill Capital Upgrades Project (Resources - Capital Works)

Roy Hill have awarded the SMP&E (Structural Mechanical Piping and Electrical) Works for the ROM4 Crusher 5 project at Roy Hill’s Mine Facility. The site is situated 115 km north of Newman, Western Australia. This is a follow on from the current SMP&E contract for the Wet High Intensity Magnetite Separator (WHIMS) project which is nearing completion and will see the same project management team transitioning to the ROM4 project.

The scope includes SMP&E plus communications works for the Crushing Station 5 and Transfer Conveyor including installation of client supplied modules and equipment. Mobilisation will commence in Q4 FY2022 with completion in Q2 FY2023 with peak manning planned to be approximately 130.

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Roy Hill Term Maintenance Contract (Resources - Maintenance)

Roy Hill have extended our Roy Hill - Shutdown and Maintenance Support Services Agreement by an additional 5 years through to March 2027. This contract extension demonstrates a significant commitment from Roy Hill and will enable Civmec to support the Roy Hill Operation with multidisciplined shutdown and maintenance services for the fixed plant assets across the Port (Facility) and PSA (Mine). As one of Civmec’s long term customers, Roy Hill is an important stakeholder for our maintenance business. Our investment in the local community and our commitment to building our Port Hedland Workshop facility is evidence of our pledge to being a long-term partner to Roy Hill and our intent is to further strengthen this relationship.

Mr. Patrick Tallon, Civmec Chief Executive Officer, said, “These new contracts demonstrate the Company’s track record of delivering for its clients. We are very pleased to secure this work and are committed to maintaining our long-standing client relationships.”

This announcement is authorised for release to the SGX and ASX by Civmec’s Board of Directors.

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About Civmec Limited

Civmec is an integrated, multi-disciplinary construction and engineering services provider to the Oil & Gas, Metals & Minerals, Infrastructure and Marine & Defence sectors. Headquartered in Henderson, Western Australia, Civmec has regional offices in Newcastle (New South Wales, Australia), Gladstone (Queensland, Australia), and Port Hedland (Western Australia). The company is listed on the SGX (Singapore) and the ASX (Australia). Its core capabilities include heavy engineering, shipbuilding, modularisation, SMP (structural, mechanical, piping), EIC (electrical, instrumentation and control), precast concrete, site civil works, industrial insulation, maintenance, surface treatment, refractory and access solutions.

For more information, please visit our website at www.civmec.com.au.

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