GENUSPLUS GROUP LTD — Investor Presentation 2023

Jun 5, 2023

==> picture [409 x 254] intentionally omitted <==

Connecting Part 2 The Future

2023 Outlook | Bell Potter Network 6 June 2023

==> picture [42 x 42] intentionally omitted <==

Important Notice

Disclaimer

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 also 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.

02

OPERATIONS

Operational Highlights

• FY2023 has been a year of pursuing new opportunities coupled with an operational focus and integrating recent acquisitions .

• Communications segment has been restructured and is now right-sized, breaking even and ready for growth.

• Selected as preferred proponent for delivery of $3.3 billion Transgrid HumeLink 500kV Transmission Project in NSW, as part of AKG JV.

• Completed the Group’s first 330kV Transmission Project on the East Coast – Rye Park Wind Farm

• Completed Kwinana Battery Energy Storage System (BESS) – now in Operational testing – EPC project to deliver WA’s first major gridconnected battery for Synergy.

• Successfully awarded the design, supply and installation of 33kV overhead lines contract at Rio Tinto’s Western Range Project at circa

• $30 million

• Successfully awarded circa $30 million works package at Fortescue’s Pilbara Generation Project at the North Star Junction (NSJ) site.

• Significant investment in growing the East Coast expansion has positioned Genus to benefit from the substantial investment required to the power network over the next 20 years .

• Expect strong growth in the medium term with a large pipeline of renewable and transmission projects.

• Growth in East Coast revenue as a percentage of total revenue is expected to continue, having grown from 22% in FY22 to 30% in HY23.

03

3

Operating Segments Communications

30.5%

of Group revenue derived from East Coast Operations

==> picture [277 x 174] intentionally omitted <==

==> picture [244 x 53] intentionally omitted <==

----- Start of picture text -----

Group Snapshot
----- End of picture text -----

==> picture [43 x 41] intentionally omitted <==

Infrastructure ~870 Employees 3.3 across Industrial Services Australia TRIFR @ 30 Apr 2023

~100

Apprentices, Trainees & Graduate Nationwide

04

==> picture [181 x 80] intentionally omitted <==

Infrastructure

With the combination of the industry-leading expertise and deep experience of Genus Infrastructure and Proton Power, we offer a wide range of services including planning, designing, constructing, operating, testing, maintaining, managing and decommissioning transmission and distribution power network assets across the nation.

==> picture [231 x 154] intentionally omitted <==

Industrial Services

Providing a complete range of Electrical & Instrumentation and Mechanical Services, bringing together solutions for all aspects of Electrical & Instrumentation and Renewable Energy projects. We have developed an enviable reputation for reliability and exceptional execution of our projects and services across a broad range of industries including mining, oil & gas, infrastructure, and power generation.

==> picture [230 x 154] intentionally omitted <==

==> picture [170 x 46] intentionally omitted <==

Communications

Whether it is building a state-of-the-art network, maintaining and upgrading the existing infrastructure or performing a full upgrade of an existing network, our highly skilled teams are experts in their fields. Our turnkey communications solutions cover the full asset lifecycle of an asset, including design, engineering, site acquisition, logistics, procurement, construction, and integration, as well as operations and maintenance.

==> picture [231 x 154] intentionally omitted <==

05

Strategy

==> picture [178 x 102] intentionally omitted <==

Australia’s networks need to evolve. We’re ready.

• Genus is positioned to deliver power infrastructure in the East Coast markets. The power infrastructure

• network is undergoing a once-in-a-generation investment.

• WA’s main electricity network, the South West Interconnected System (SWIS) has foreshadowed an additional 4,000km of new transmission lines and around 50GW of new renewable electricity and storage infrastructure to support increased demand over the next 20 years.

• Contract between Genus and Fortescue Future Industries (FFI) for the design and construction of a 275kV substation at the Green Energy Manufacturing Centre (GEM) in Gladstone extends an important client relationship and further expands our footprint in Queensland .

• Integration of the L&M Powerlines acquisition further increasing the blue-chip client base and pipeline of opportunities as the Energy market continues to evolve; and expands Genus’s capabilities in Queensland.

• Continuing to increase capacity and expertise across the East Coast of Australia in order to meet the needs

• of the nation.

06

MARKET DRIVERS

Growth Strategy & Market Drivers for Infrastructure & Industrial Services

• Continuing expansion into East Coast markets - leveraging

• Leverage strong interconnector investment through Genus'

strategic acquisitions in QLD, NSW & TAS.

• increasing East Coast footprint & capabilities

• Capitalise on investment in energy-intensive assets; creating demand for upgraded or new transmission infrastructure.

• Renewable generation project pipeline - geographic diversity of assets requires significant network investment

==> picture [347 x 178] intentionally omitted <==

==> picture [345 x 188] intentionally omitted <==

Source: AEMO 2022 ISP “Step Change” Scenario

07

MARKET DRIVERS

Rewiring the Nation Plan

• The Federal Government $20 billion Rewiring the Nation Plan is designed to ensure the transmission infrastructure is funded & delivered.

• Over the coming decades Australia’s transmission backbone infrastructure needs

to increase between ~10,000 – 28,000kms

• Renewable energy network connections are a key opportunity with Genus carrying out these works over previous years. This could see additional

connection network requirements as high as 14,000kms

==> picture [404 x 209] intentionally omitted <==

• Genus is one of the few Australian companies operationally capable of completing large-scale Transmission & Distribution projects and is set to benefit from the

Rewiring the Nation Plan

• Genus has provided maintenance over many years on both Transmission & Distribution networks which will increase and continue beyond the project

construction phase

• Transmission & Distribution form part of our service offering and will continue to

be a major contributor to the coming decades of growth

==> picture [405 x 209] intentionally omitted <==

Source: AEMO 2022 Network Investments

08

Supporting Australia’s Rapid Energy Transformation Through engagement in paradigm-shifting transmission projects

==> picture [870 x 390] intentionally omitted <==

----- Start of picture text -----

Marinus Link
Status : Actionable
Additional Network Capacity : 750MW in both directions
HumeLink Status : Actionable Expected cost : Opt 1: $2.4B | Opt 2: $1.4B
Completion : Target July 2031
Additional Network Capacity : 2,200MW in both directions
Expected Cost : $3.3B
Completion : Target July 2026
New England REZ Status : Actionable
Additional Network Capacity : 3,070MW in both directions
VNI West
Status : Actionable with early works Expected cost : $1.9B
Additional Network Capacity : North: 1,930 MW Completion : Target July 2027
South: 1,800 MW
REZ network limit increase:
1,600 MW in V2,
Sydney Ring Status : Actionable
550 MW in V3,
900 MW in N5 Additional Network Capacity : 5,000MW
Expected cost : $2.9B Expected cost : $880M
Completion : Target July 2027
Completion : Target July 2031
----- End of picture text -----

MARKET DRIVERS

WA: SWIS Network Augmentation

• The SWIS Demand Assessment’s 'Future Ready' scenario shows peak demand

would almost triple by 2042 .

• This would require almost 10 times the current amount of generation and storage capacity, and over 4,000 km of new transmission lines .

• The scale of work required is unprecedented, reflecting the nature of how

electricity will be generated in a clean energy future .

• The WA Government has committed more than $120 million of additional funding for Western Power to commence delivery of the first stage of network investments identified in the SWIS Demand.

• Energy Policy WA will help expedite the Stage 1 works and other critical

transformational network augmentation projects by progressing regulatory

changes.

==> picture [384 x 446] intentionally omitted <==

10

Source: SWIS Demand Assessment

==> picture [178 x 102] intentionally omitted <==

Queensland supergrid transmission backbone

• Queensland’s future electricity system will aim to deliver

• affordable, reliable and clean power

• To be built around two foundational Pumped-Hydro assets

• Forecast total investment of $62 billion

• Significant investment in new backbone transmission to

• move large volumes of renewable and stored energy to where and when it is needed – comprising around 1500km of 500kV transmission lines

• Independent modelling indicates Queensland will require

• approximately 25GW of total large-scale renewable

generation capacity by 2035

==> picture [113 x 50] intentionally omitted <==

----- Start of picture text -----

Source: QLD Supergrid
Infrastructure Blueprint 2022
----- End of picture text -----

MARKET DRIVERS

==> picture [341 x 372] intentionally omitted <==

11

==> picture [158 x 43] intentionally omitted <==

----- Start of picture text -----

Strategy
----- End of picture text -----

National Energy expenditure pipeline

• Unprecedented investment committed to connect Renewable

• Energy Zones (REZ) across the East Coast.

• Joint $7.8 billion funding deal between Federal & NSW

Governments will support $32 billion in private investment for regional infrastructure by 2030.

• 150 gigawatts of energy supply – nearly triple the current

generation and storage capacity of the Australian market – has been proposed by companies and investors by 2032. Large-scale solar and wind backed up by battery storage accounts for 88% of the project pipeline.

• Genus will continue to leverage competitive advantage in having expertise to connect renewables to the grid (limited parties have the required expertise and credentials to work on the grid).

==> picture [407 x 265] intentionally omitted <==

==> picture [187 x 116] intentionally omitted <==

----- Start of picture text -----

Source: Australia & NZ
Infrastructure Pipeline
----- End of picture text -----

12

Source: AEMO 2022 ISP

==> picture [178 x 103] intentionally omitted <==

Your feedback

Questions?

13