GENUSPLUS GROUP LTD — Interim / Quarterly Report 2025

Mar 12, 2025

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ROTTNEST ISLAND INSTITUTIONAL CONFERENCE

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2025: 25[TH] ANNIVERSARY 13 March 2025

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HY2025 HIGHLIGHTS – OPERATIONAL & STRATEGIC

This half, the Group has delivered exceptional results across the business, marking another record performance.

Multiple landmark Infrastructure projects awarded, consistent with our strategic goals – from TasNetworks to HCC REZ on the east-coast.

CommTel was a highly strategic acquisition for the Genus Services business; the turnaround continues, as we further strengthen our nbn and Telstra partnerships to meet the growing demand for communication infrastructure.

Welcoming Partum Engineering & Geographe Tree Services into the group during the Half – following the establishing of Genus Infrastructure VIC in FY24 – continues our journey as a well-diversified and truly national business; Vegetation Services now a key value-add.

Organic growth of our established business continues at pace - Genus will continue to move into new geographical locations and service offerings expanding our national footprint.

HumeLink East progressing well as we commenced on-site delivery for Transgrid alongside our JV partner Acciona in January 2025.

Melbourne Renewable Energy Hub (MREH JV with Samsung) progressing well. Project teams have completed the BESS installation.

Genus PFA undergoing rapid growth - achieved success on numerous service panels spanning multiple states and business units, bolstering the foundation of our business and increasing annual recurring revenue. We are committed to diversification across service/maintenance and large-scale project revenue.

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HY2025 FINANCIAL HIGHLIGHTS

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Record HY Revenue of $333m $333M Up 33% on PCP Record Normalised HY EBITDA of $27.4m $27.4M Up 25% on PCP Record Statutory NPAT of $13.7m Up 51% on PCP $13.7M Basic EPS 7.69 cps, Diluted EPS 7.58 cps (based on NPAT) Net cash provided by operating activities of $24.5m $24.5M Up 26% on PCP Cash Balance of $89.9m (down $11.1m) Net Cash of $64.1m (down $13.2m) $89.9M Acquisitions funded $15.8 million in cash Orderbook of $1.5 billion (up from $0.5 billion at June 2024) and Forecast FY25 Recurring revenue of $276 $1.5B million (up from $224 million actual in FY2024)

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SEGMENTS & GROUP SNAPSHOT

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$333m

HY25 Revenue

Infrastructure

Revenue HY25 $198m

Up 22% on PCP

Bringing together industry-leading expertise and deep experience, we cover a wide range of services including planning, design, construction, operating, testing, maintaining, managing and decommissioning power network assets.

Joint Venture received a Notice to Proceed from Transgrid on the HumeLink Transmission Project

TasNetworks Limited Notice to Proceed for the North-West Transmission Developments (NWTD)

Awarded a contract by AusGrid for the Hunter-Central Coast Renewable Energy Zone sub-transmission line 4 works

Industrial Services

Revenue HY25 $93m

Up 60% on PCP

Innovative and fully integrated EPC Services for a comprehensive range of energy assets; and Design & Construction solutions for Renewable Energy projects .

Installation & commissioning of Synergy’s second 200MW LFP BESS (KBESS2) in the SWIS

Design, Installation & commissioning of the Aldoga 275kV Substation in QLD connecting a 250MWAC solar photovoltaic facility for Acciona

The Melbourne Renewable Energy Hub in Victoria (in JV with Samsung C&T) is progressing well

Communications

Revenue HY25 $48m

Up 43% on PCP

From constructing state-of-the-art networks to maintaining and upgrading existing infrastructure, our turnkey communications solutions span the asset lifecycle, from feasibility, engineering, design, site acquisition, logistics, procurement, construction, and integration to operations and maintenance.

Performance across the Communications business has improved

Continue to successfully deliver contracts to our existing carrier network customers successfully

Acquisition of CommTel will diversify customer base and communications offering to the market

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Revenue by
State
11%
15%
62% 10%
1%
1%
NSW QLD VIC TAS OTHER WA
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2.6 TRIFR

@ 31 December 2024

1,277

Employees across Australia

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FY2025 OUTLOOK

Strong momentum generated in FY2024, combined with a record orderbook of $1.5 billion (excluding recurring revenue) up from $0.5 billion at June 2024, provides a solid base to support earnings growth in FY2025, with Genus reiterating the forecast to deliver at least 20% growth in EBITDA* in FY2025.

Expected recurring revenue forecast at $276 million** for FY2025 up 23% on FY2024 actual results of $224 million.

A tendered pipeline of $2.2 billion, remains firm despite converting significant tenders to contract awards in HY25.

Budget pricing and opportunity leads (excluded from tender pipeline) have increased to more than $4 billion which

Orderbook & Pipeline (A$ millions)

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2,500
2,174
2,003
2,000 1,863
1,461
1,500
1,000
519
500
276
224
170 192
-
Recurring Works p.a. Orderbook Tender Pipeline
FY2023 FY2024 FY2025F
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represents long term growth potential for the group.

Note: * The Orderbook includes significant contract award as announced to the ASX namely Ausgrid HCC,and TasNetworks NWTD with final contract values estimated based on current expected program, schedule and customer approvals proceeding. Western Power CELN was awarded in January 2025 and is not included in Orderbook at 31 December2024, however it is included in the Tender Pipeline.

** Revenue from recurring works includes long term customer/Panel revenue and revenue from long term supply & maintenance contracts. It excludes supply & maintenance revenue and minor projects from repeat customers that are not on long term contracts. Recurring works p.a. refers to the actual/forecast for one year.

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SNAPSHOT – RECURRING MAINTENANCE & SERVICE CONTRACTS

MAINTAINING STRONG RELATIONSHIPS WITH OUR POWER & COMMS UTILITIES CLIENT BASE

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Genus PFA received a variation under the existing Energy Queensland Asset Inspections Contract for the inclusion of the Southern 2 region with a 4-year term, valued at $12M p.a.

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In the same month, following a successful trial to introduce PFA’s innovative pole-nailing engineering control to their network Ausgrid awarded Genus a contract for two years, with two 1-year extension options. This contract was valued at approximately $4.5 million

Genus Communications has been awarded a new Statement of Work for Telstra’s Copper Recovery Program further to receiving an extension to its existing Telstra Supply Agreement until 30 June 2027. The SoW has a forecast value of $10M p.a.

In August 2024, Genus PFA received a variation to our Standing Order with Energy Queensland for Network Asset Inspections. Value of new & extended contracts totaled ~$120M

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HUNTER CENTRAL COAST REZ

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SUB-TRANSMISSION UPGRADES

HCC REZ is one of the first 5 renewable energy zones being developed by the New South Wales Government.

The project for Ausgrid involves upgrading the existing electricity network to allow new renewable generation to connect to the grid

It will mainly involve network upgrades which will minimize the impacts on surrounding communities and the environment, while delivering the capacity to transfer at least 1 GW of network transfer capacity.

$140 million Total Project Value

110km 132kV & 66kV dual/single-circuit

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TASNETWORKS NORTH WEST TRANSMISSION DEVELOPMENTS

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NWTD Stage 1

Genus has been appointed Head Contractor for TasNetworks’ once in a generation North West Transmission Developments (NWTD) project

We will be instrumental in designing and delivering Stage 1 of the development over a period of five years, with construction projected to begin in 2026, subject to conditions including a final investment decision, planning and environmental approvals, and the Australian Energy Regulator’s contingent project approval

The NWTD project will create many positive benefits and opportunities for Tasmanians, local communities and businesses of North West Tasmania. With established operations in Bridgewater and Spreyton, we are committed to employing Tasmanians and engaging the services of Tasmanian businesses throughout the delivery of the project.

$950 million Estimated Total Project Value

240km 500kV Transmission Lines

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WESTERN POWER CLEAN ENERGY LINK NORTH

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PROPELLING WA TO BE A LEADER IN GREEN ENERGY

With wind and solar that are the envy of the world, WA and the Mid West region in particular, has the capacity to propel WA to become a national and international leader in green energy solutions

• A critical first step in achieving this is strengthening the existing network to ensure it can connect and transport a greater supply of renewable energy to meet decarbonisation objectives. Modelling shows a 10 x increase in generation is needed.

The project will include new 330kV & 132kV terminal builds within the existing network footprint to significantly increase transmission capacity and enable new energy sources to come online, as well as existing line conversions and reinforcement work to significantly improve the flow of renewable energy to and from the area.

Encompasses design and construction of two new terminals at Regans Ford and Eneabba and an associated line, and augmentation of the existing 330kV Northern and Eneabba terminals. Peak manning resources are expected to be 140, to be sourced mostly from the Genus workforce.

$270 million Estimated Total Project Value

140 Peak Manning Resources

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Questions?

Rottnest Island Institutional Conference 13 March 2025

DISCLAIMER

IMPORTANT NOTICE

This presentation has been prepared by GenusPlus Group Ltd ( Genus or the Company ) . It contains general background information about the Company’s activities current as at the date of this presentation. It is information given in summary form and does not purport to be complete. The content should be read in conjunction with the companies periodic and continuous disclosure announcements lodged with the Australian Securities Exchange which are available at www.asx.com.au and available on the company's website at www.genus.com.au .

No Offer

This presentation and any oral presentation accompanying it is not (and nothing in it should be construed as) an offer, invitation, solicitation or recommendation with respect to the subscription for, or recommendation to purchase, hold or sell of any security in any jurisdiction, and neither this document nor anything in it shall form the basis for any contract or commitment. The presentation is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. These should be considered, with or without professional advice, when deciding if an investment is appropriate.

The Company has prepared this presentation based on information available to them, including information derived from publicly available sources that has not been independently verified. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness, correctness or reliability of the information, opinions or conclusions expressed in this presentation.

Any statements or assumptions in this presentation as to future matters may prove to be incorrect and differences may be material. To the maximum extent permitted by law, none of the Company, their directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it.

Forward Looking Statements

Certain statements contained in this presentation, including information as to the future financial or operating performance of the Company and its projects, are forward looking statements. Such forward looking statements: a) are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies; b) involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward looking statements; and c) may include, among other things, statements regarding estimates and assumptions in respect of prices, costs, results and capital expenditure, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions. The Company disclaims any intent or obligation to publicly update any forward looking statements, whether as a result of new information, future events or results or otherwise.

The words “believe”, “expect”, “anticipate”, “indicate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward looking statements. All forward looking statements contained in this presentation are qualified by the foregoing cautionary statements. Recipients are cautioned that forward looking statements are not guarantees of future performance and accordingly recipients are cautioned not to put undue reliance on forward looking statements due to the inherent uncertainty therein.

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