DURATEC LIMITED — Earnings Release 2022

Jul 20, 2022

21 July 2022

DURATEC MEETS GUIDANCE WITH STRONG FY22 RESULT

Australian engineering, construction, and remediation contractor Duratec Limited ( Duratec ) (ASX: DUR), is pleased to provide the following financial highlights for FY22, which are subject to final audit.

Highlights:

==> picture [505 x 99] intentionally omitted <==

----- Start of picture text ----- Revenue ¹ EBITDA Cash Order Book ²$310m $19.3m $58.26m $458m1H FY22 actual was $130m 1H FY22 actual was $5.0m Net Cash position of $43.5m ccc----- End of picture text -----

1. Revenue excludes DDR Australia Pty Ltd (49% share).

2. Order Book includes 49% share of DDR Australia Pty Ltd.

With the commencement of several new projects, coupled with a return to more normal trading conditions, Duratec is pleased to confirm full year revenue of $310m and normalised EBITDA of $19.3m. The Board advises the results are still subject to the final audit but is not expecting any material changes.

Commenting on the results, Duratec’s Managing Director, Phil Harcourt, said:

“We are delighted by the FY22 second half performance of Duratec and its investment entity DDR, achieving a significant improvement in overall financial results including strong cash generation. The team has worked incredibly well to achieve this result and demonstrate what we can deliver. We expect a continuation of this growth in revenue and profitability in FY23, underpinned by the strong work on hand position of $458m”.

Duratec will be releasing its FY22 fully audited results and Annual Report on Monday 22[nd] August 2022.

Authorised for release to ASX by the Board of Duratec Limited.

– ENDS –

Investor/Media Relations	Company Secretary
NWR Communications	Duratec Limited
Simon Hinsley	Dennis Wilkins
simon@nwrcommunications.com.au	+61 417 945 049
+61 401 809 653

About Duratec Limited

Duratec Limited (ASX: DUR) is a leading Australian contractor providing assessment, protection, remediation, and refurbishment services to a broad range of assets and infrastructure. Duratec’s multi-disciplined capabilities combine engineering experience with project delivery expertise and use a range of in-house assessment technologies, including 3D capture and modelling technology with predictive analysis tools. Headquartered in Wangara, Western Australia, Duratec has fifteen branches around the country in capital cities and regional centres, delivering services across multiple sectors including Defence, Commercial Buildings & Facades, Infrastructure (Water, Transport & Marine), Mining & Industrial, Power and Energy.

Please visit www.duratec.com.au for further information.

Page 2 of 2