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CIVMEC LIMITED Investor Presentation 2026
64729_rns_2026-05-14_2a16934a-eb92-47b7-acab-c287d2c05fa7.pdf
Investor Presentation
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CIMEC
Investor Presentation
Q3 FY26
AGN 672 467 171
ASX:CVL SGX:P9D
About
CIVMEC
Snapshot
- Recently constructed 5,000m² facility on 50,000m² of land
- Supports port and process plant maintenance and capital works
- Largest heavy engineering facility in Australia
- 200,000m² land with extensive wharf access
- Throughput capacity of 80,000 tonnes of steel per annum
Port Hedland
WA
GLD
NSW
ACT
VIC
Handerson
(Headquarters)
Gladstone
GLD
- Located on 34,000m² land, with workshop/offices
- Supports regional maintenance works
Newcastle
- One of the largest heavy engineering facilities on the east coast
- 227,000m² of land with direct waterfront access
- Throughput capacity of 25,000 tonnes of steel per annum
as at 8 May 2026.
Order book value includes the award of the Perth Park Project for Main Roads WA.
Q3 FY26 Investor Presentation
About
CIVMEC
Integrated Capabilities
Manufacturing
Our extensive experience and cutting-edge facilities enable us to deliver safe, high-precision manufacturing services.
- Heavy engineering
- Offsite modular assembly
- Bulk material handling equipment
- OEM material handling equipment
Construction
Our multidisciplinary services and construction expertise facilitate fully integrated, turnkey project solutions.
- Module installation
- Structural, mechanical and piping (SMP)
- Electrical, instrumentation and control (EIC)
- Structural concrete works
- Site earthworks
Naval Shipbuilding
Our state-of-the-art shipbuilding capabilities are contributing to Australia's maritime defence programs.
- Start-to-finish naval shipbuilding
- Final consolidation
- Set to work
- Sea trials
- Integrated logistics support
Maintenance & Capital Works
Our comprehensive services ensure asset longevity through tailored maintenance and upgrade solutions.
- Structural, mechanical, piping, electrical & instrumentation (SMPE&I) maintenance
- Civil works
- Industrial insulation
- Rope access
- Heat-resistant industrial linings
Q3 FY26 Investor Presentation
Financial
CNMEC
Q3 Financial Results
| Q3 FY26 | Q3 FY25 | Change | 9M FY26 | |
|---|---|---|---|---|
| Revenue | A$244.2m | A$158.5m | ▲ 54.1% | A$624.7m |
| EBITDA | A$27.8m | A$19.2m | ▲ 44.4% | A$73.8m |
| EBITDA Margin | 11.4% | 12.1% | ▼ 0.7pp | 11.8% |
| NPAT | A$13.5m | A$8.0m | ▲ 68% | A$34.9m |
| Net Profit Margin | 5.5% | 5.1% | ▲ 0.4pp | 5.6% |
| Earnings Per Share | 2.65c | 1.58c | ▲ 67.7% | 6.86c |
Interim dividend of 2.5c paid on 10 April 2026
Continued high EBITDA margin of 11.8% for 9M FY26
Continued high NPAT margin of 5.6% for 9M FY26
A$1.3B order book up from A$760m at 9M FY25
Copyright by Central Bank of Interest, Taxes, Depreciation, and Amortisation (CBA) but made after Tax
Q3 FY26 Investor Presentation
Operations
CIVMEC
Energy Sector Highlights
- Chevron has awarded Civmec a follow-on DE-PMP module package for its Gorgon CO₂ long-term optimisation programme, following successful delivery of the previous scope at Henderson and extending Civmec's track record of complex module fabrication for the client.
- Awarded the Blakemere Manifold for Woodside, with fabrication now underway at Henderson.
- Continued progress on the Saipem Jansz-lo Compression (J-IC) Project, manufacturing nine subsea jumper spools and five spreader bars, with first spool loadouts scheduled in the coming quarter.
- Multiple smaller package awards secured from Chevron and Saipem during the quarter, including vessel and loadout support scopes.
- Tendering activity and broader market conditions remain strong across the energy sector, with future opportunities including the Belisama Gas Project.
Q3 FY26 Investor Presentation
CIVMEC
Operations
Resources
Sector Highlights
- The SMP bridging, tank builds and civil scopes for Iluka Resources' Eneabba Rare Earths Refinery are progressing positively, as the Group continues to work with Iluka on the finalisation of tender activities for the main SMPE&I packages.
- Civmec has mobilised to BHP's Nelson Point site, with piling works now underway for the concrete and earthworks package supporting the installation of a sixth car dumper (CD6). This follows the previously awarded structural steel modules package and CD6 fabrication at Henderson.
- Civmec has been awarded the Yara 26 Major Plant Turnaround (MPT), with mobilisation to site well advanced and pre-planning underway ahead of the scheduled shutdown.
- Civmec has secured an ECI engagement for Rio Tinto's CD3 (Car Dumper 3) Replacement and is a shortlisted tenderer for Rio Tinto's Parker Point Shutdown Works.
- The first major shutdown for CSBP's Sodium Cyanide Expansion at Kwinana has been completed, with preparation works well underway for follow-on shutdowns.
- Construction for Fortescue's Christmas Creek Green Iron project is well advanced.
- Civmec has secured maintenance and project contracts with Rio Tinto Yarwun with continuous engagement on the QAL double digestion ECI extension into a second phase.
- Civmec has commenced on-site assembly of its first turnkey design and construct OEM machine (a reclaimer for a major resources client) following its successful trial assembly at Henderson.
Q3 FY26 Investor Presentation
CIVMEC
Operations
Infrastructure and Defence Sector Highlights
- Steel fabrication is progressing at Newcastle for the Mothers Bridge and Cassidy Parade footbridges in Wagga Wagga, supporting the Albury to Illabo section of Inland Rail, with onsite installation to be staged within a live rail environment.
- The Woodford bridge project for TfNSW has been delivered and installed on site west of Sydney. This project was supplied to a tight timeframe and was completed in shutdown conditions in an operating rail corridor. TfNSW have followed up the successful completion with the award of three further bridge remediation scopes in NSW.
- Award of M5 fabrication works in NSW, which includes steel structures for a new three-lane bridge over the Georges River. The awarded scope includes the supply, offsite pre-assembly, delivery and installation of girders and associated bracing steel.
- Perth Park Project early works already underway.
- The SEA1180 Offshore Patrol Vessel programme continues to progress well, with the Integrated Baseline Review (IBR) targeted for mid-2026.
- The 2026 National Defence Strategy (released 16 April 2026) re-committed to all six Arafura Class vessels with an additional A$1.0 to A$1.5 billion of funding over 10 years (primarily directed at sustainment), and confirmed an A$25 billion funding envelope for the Henderson Defence Precinct.
- Civmec continues to explore opportunities to engage on additional defence contracts and naval programmes.
Q3 FY26 Investor Presentation
Outlook
CIVMEC
Investment Highlights
Financial Value
- Continuous Dividend – 6c dividend paid in past 12 months; cumulative dividends paid since FY18 of A$155.5m.
- Real Asset Backing – net tangible asset value per share of A$1.05 supported by A$564.3m in property, plant and equipment.
- Order Book and Revenue Visibility – A$1.3B order book at Q3 FY26 underpins forward revenue visibility, supported by long-term agreements and repeat awards from blue-chip clients.
- Compelling Valuation – Civmec's PE ratio remains attractive relative to peers.
Strategic Outlook
- Early Contractor Engagement (ECI) and Tendering Activity – significant increase in ECI requests and awards across multiple commodities, locations and divisions, with buoyant tendering activity across all sectors, ensuring a robust opportunity pipeline for the foreseeable future.
- Strong Client Base – repeat business with clients that include Chevron, Woodside, BHP, Fortescue, Rio Tinto, and both federal and state governments, demonstrating capability.
- Regional Facility Utilisation and Strong Performance – increased utilisation at the Port Hedland and Gladstone regional facilities, with rising work volumes and client interest supporting growth in recurring maintenance revenue.
Q3/FY26 Inventory Presentation
Civmec Investor Relations
P: +61 8 9437 6288
E: [email protected]
civmec.com.au
CIVMEC
Disclaimer
This presentation has been prepared by the management of Civmec Limited (the Company) for the benefit of brokers, analysts, and investors and not as any specific advice to any particular party or person. The information is based on publicly available information, internally developed data, and other sources. Where an opinion is expressed in this document, it is based on assumptions and limitations mentioned herein and is an expression of present opinions only.
This presentation contains forward-looking statements that are subject to risk factors associated with construction businesses. While Civmec considers the assumptions on which these statements are based to be reasonable, whether circumstances actually occur in accordance with these statements may be affected by a variety of factors. These include, but are not limited to, levels of actual demand; currency fluctuations; loss of market; industry competition; environmental risks; physical risks; legislative, fiscal and regulatory developments; economic and financial market conditions in various countries and regions; political risks; project delay or advancement; approvals; and cost estimates. These could cause actual trends or results to differ from the forward-looking statements in this presentation.
References to dollars, cents or $ in this presentation are to Australian currency unless otherwise stated. References to "Civmec", "the Company", "the Group", or "the Civmec Group" may be references to Civmec Limited or its subsidiaries.
Authorised for release to the ASX and SGX by the Board of Directors.
Q3 FY26 Investor Presentation