GENUSPLUS GROUP LTD — Investor Presentation 2023

Feb 5, 2023

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Part 2 Connecting The Future

2023 Outlook | Bell Potter Unearthed 6 February 2023

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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.

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Outlook

HIGHLIGHTS

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

• acquisitions

• Genus is well positioned with the company foundations in place to enable significant participation in the .

• renewable energy transition

• 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 10-20 years

• Continue to build relationships with public sector utilities to provide opportunities as the market transitions to renewable energy sources.

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

• Growth in East Coast revenue is expected to continue having grown to 22% of $451m in FY2022 from 7% of

• $317m in FY2021.

3 Operating Segments

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$451m FY22 Revenue

~1,000 Employees across Australia

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22% of group revenue derived from East Coast operations increased from 7% of $317m in 2021

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Group Snapshot
0
LTIFR
@ 30 June 2022
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~90
Apprentices & Trainees
Nationwide
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Infrastructure

Bringing together the industry-leading expertise and deep experience of Powerlines Plus and Proton Power, we offer a wide range of services including planning, designing, constructing, operating, testing, maintaining, managing and decommissioning power network assets.

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Industrial Services

Innovative & fully integrated Electrical & Instrumentation and Mechanical Services bringing together solutions for all aspects of E&I and Renewable Energy projects. With a client base spread across the mining, oil & gas, infrastructure and power generation sectors, we have developed an enviable reputation for reliability and executional excellence.

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Communications

From constructing state-of-the-art networks, to maintaining and upgrading existing infrastructure, our highly skilled teams are specialists in their field. Our turnkey communications solutions span the full asset lifecycle from feasibility, engineering design, site acquisition, logistics, procurement, construction and integration through to operations and maintenance.

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GENUS GROWING NATIONALLY

Strategy

• East Coast markets are seeing a once-in-a-generation investment in upgrading power infrastructure and Genus is ready to deliver even more.

• Acquisitions are part of our strategy to offer the full suite of specialist power and communications infrastructure design, build, and maintenance support across every industry and sector in Australia.

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

• Genus continues to increase capacity and professional expertise for deployment throughout the East Coast of Australia .

Market Drivers

GROWTH STRATEGY & MARKET DRIVERS

• Continuing expansion into East Coast markets - leveraging strategic acquisitions in QLD & NSW

• Capitalise on regional investment in energyintensive assets; creating demand for upgraded or new transmission infrastructure

• Leverage strong interconnector investment through

• Genus' increasing East Coast footprint and capability set

• Renewable generation project pipeline - geographic

• diversity of regionally-based assets requires significant network investment

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Source: AEMO 2022 ISP “Step Change” Scenario

Strategy

POWER MARKET GROWTH & OPPORTUNITIES

• AEMO has identified 10,000km of new transmission projects to

• efficiently deliver firmed renewable energy through the NEM.

• The 2022 Integrated System Plan calls for levels of investment in

• generation, storage, transmission and system services that exceed all previous efforts combined.

• Federal Government’s $20 billion Rewiring the nation plan is designed to ensure the infrastructure is funded and delivered.

• Genus shortlisted to tender for delivery of the 500kV HumeLink

• project in NSW, in JV with Acciona & Kalpataru.

• Transgrid’s proposed integration of HumeLink, VNI Connector & Project EnergyConnect could deliver efficiencies and support the accelerating transition to low-carbon energy.

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Source: AEMO 2022
Integrated System
Plan;
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• Seek cross-selling opportunities with Genus’s strong WA

relationships and PFA’s East Coast presence and relationships.

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• Maintain significant skilled workforce servicing blue-chip client base.

Strategy

ENERGY EXPENDITURE PIPELINE

• Unprecedented investment committed to connect

• Renewable Energy Zones 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 supplies, nearly triple the current

generation and storage capacity of the Australian market, has been proposed by companies and investors by 2032 — with large-scale solar and wind backed up by battery storage accounting for 88% of the project pipeline.

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

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Source: Australia & NZ Infrastructure Pipeline

Source: AEMO 2022 ISP

Strategy

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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

Source: QLD Supergrid Infrastructure Blueprint 2022

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