GENUSPLUS GROUP LTD — Investor Presentation 2024

Nov 12, 2024

==> picture [322 x 86] intentionally omitted <==

==> picture [140 x 67] intentionally omitted <==

Electrification Day

Investor Presentation 13 November 2024

==> picture [246 x 66] intentionally omitted <==

Our Company

Group Snapshot………………..…03 FY24 Financial Highlights..……04 M&A …………........………………..05 Operational Highlights.………..06 SHEQ…………........………………..07 People & Culture.…………….….....08 Segments.……………………………09

==> picture [180 x 54] intentionally omitted <==

Market & Opportunities Market…………………………..….…11 Opportunities………………..….…14

==> picture [50 x 46] intentionally omitted <==

35% of Group Revenue derived from East Coast Operations

==> picture [193 x 52] intentionally omitted <==

$551m

FY24 Revenue

Group Snapshot

==> picture [381 x 267] intentionally omitted <==

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

1,059 Revenue by sector
Employees MINING
29%
OTHE
R POWER
PRIVATE1% INFRASTRUCTUR
7% E…
COMMUNICATION
S…
03
----- End of picture text -----

FY2024 Financial Highlights

Record Revenue of $551m $551M Up 24.1% on PCP Record Normalised EBITDA of $45.3m $45.3M Up 23.2% on PCP Record Statutory NPAT of $19.3m Up 43.7% on PCP $19.3M Basic EPS 10.8 cps, Diluted EPS 10.7 cps (based on NPAT) Net cash provided by operating activities of $82.8m $82.8M Up 111.6% on PCP Record Cash Balance of $101.0m (up $54.2m or 116%) $101M Net Cash of $77.3m (up $54.8m or 244%) Dividend declared of 2.5 cents per share, up 25% from 2.0 cents per share in FY2023. 2.5 cps

Powering up Australia Through organic and acquisitional growth

• Our target of building a comprehensive service offering across our three segments – from coast to coast – is based on our clear foundational principle of pursuing organic growth while .

• integrating strategic acquisitions

CommTel Acquisition completed October 2024

M&A

==> picture [123 x 31] intentionally omitted <==

• Each of these opportunities are carefully considered to ensure they strengthen our geographical spread and take advantage of the significant infrastructure investment in new & existing markets

Partum Engineering Binding, conditional agreement to acquire, subject to shareholder approval

==> picture [75 x 34] intentionally omitted <==

05

Connecting the Future Through strong operational success

OPERATIONAL HIGHLIGHTS

• Our Joint Venture partnership with Acciona to deliver the HumeLink East transmission project is progressing to plan.

• Installation of 444 Tesla Megapacks at Melbourne Renewable Energy Hub has commenced.

• Other key contract wins include five-year agreement to deliver a major program of maintenance & network upgrade works for Western Power expected to generate $50M revenue in its first year; a contract to develop transmission infrastructure supporting Fortescue’s decarbonisation plan ; and a $50 million contract with ACCIONA Energia for the Aldoga 275kV Solar Farm substation design & construction works in Queensland.

06

==> picture [161 x 44] intentionally omitted <==

==> picture [215 x 46] intentionally omitted <==

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

SHEQ
----- End of picture text -----

SHEQ

• Genus is triple ISO Management System Certified (ISO 14001, ISO 45001 & ISO 9001).

• Genus is currently developing a Climate Transition Strategy and Greenhouse Gas emissions framework. This framework will capture emissions data to enable Genus to report emissions in accordance with expected legislation changes.

• Lost Time Injury Frequency Rate (LTIFR) at 30 June 2024 was 0.0 vs 0.0 target.

• Total Recordable Injury Frequency Rate (TRIFR) at 30 June 2024 was 2.7 vs 2.8 target.

• Genus received the Work Health & Safety Foundation Workers’ Compensation & Injury Management Award in October 2023, recognising organisational efforts and achievements in improving work health, and safety.

==> picture [243 x 198] intentionally omitted <==

	JUN 22	JUN 23	JUN 24	FY24 Target
TRIFR	3.6	2.4	2.7	2.8
LTIFR	0.0	0.0	0.0	0.0

07

PEOPLE & CULTURE

People

• Headcount of 1,059 as at 30 June 2024 increased from 1,016 as at 31 December 2023 and 835 as at 30 June 2023.

• 96 Trainees, Apprentices and Graduates employed nationally.

• Graduate & vacation student program progressing, with 9 undergraduates/graduates engaged across the Group.

• Workforce Planning:

• Recruitment : Invested in talent search functionality and additional support services with SEEK and LinkedIn to support our internal recruitment process.

• Retention : Focus on maintaining our strong culture and values as we continue to grow. This is what sets us apart from our competition.

Culture

Health and Wellbeing

• Recognition of significant events – RUOK Day, Men’s Health, Women’s Health, Push Up Challenge, Reconciliation Week, NAIDOC Week.

• Employee Assistance Program - Transitioned from Benestar to Drake Wellbeing Hub for improved scope of services and resources.

Learning and Development

• Building our library of bespoke Genus online learning (developed internally) to include Frontline Leadership, Wellbeing and Mateship, Modern Slavery, Cyber Security Awareness and more.

• Access to external sources for in-person and online learning.

• Ongoing management and HR support for skills and professional development – specific to individual roles.

Diversity and Inclusion : Reflect RAP – 12 months in

• Cultural Awareness Training for current staff and new joiners.

• Participation in the Annual Walk for Reconciliation - June 2024.

• Participation in NAIDOC events – Sponsorship and sharing of Nunga Screen Initiative (series of short films created by Indigenous film-makers).

• Procurement opportunities - engaging Indigenous suppliers.

• Job Advertising on Indigenous job sites & actively encouraging Indigenous candidates to apply for vacancies, apprenticeships & traineeships at Genus.

08

==> picture [83 x 51] intentionally omitted <==

Infrastructure

Revenue FY24

$336m

Up 5% on PCP

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

==> picture [199 x 120] intentionally omitted <==

Industrial Services

Revenue FY24

$153m

Up 94% on PCP

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

==> picture [199 x 120] intentionally omitted <==

==> picture [140 x 38] intentionally omitted <==

SEGMENTS

Communications

Revenue FY24

$72m

Up 15% on PCP

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 solution spans the asset lifecycle from feasibility, engineering, design, site acquisition, logistics, procurement, construction and integration through to operations and maintenance.

==> picture [198 x 120] intentionally omitted <==

09

==> picture [322 x 86] intentionally omitted <==

Market & Opportunities

==> picture [161 x 44] intentionally omitted <==

MARKET

Connecting the Future – Infrastructure

==> picture [338 x 268] intentionally omitted <==

• AEMO’s Integrated System Plan underlines the scale of infrastructure in the next two decades to replace and cope with a huge increase in demand ; driven by economic growth, green industries and electrification of homes, businesses and cars.

• AEMO’s step change scenario requires around 5,000 km of new transmission lines to be built over the next decade – and half of this is

• already under construction. The total requirement for step change out to 2050 is ~ 10,000 km.

• The 2024 ISP includes the fast-tracking of seven transmission projects that are now deemed “actionable”; confirming that Tasmania’s Northwest Transmission Development (NWTD), and the capacity upgrade for the infrastructure between Waddamana and Palmerston (WA-PA) are critical components for the national transition.

==> picture [378 x 102] intentionally omitted <==

• The Western Australia South West Interconnected System Demand Assessment’s 'Future Ready' scenario shows peak demand would almost triple by 2042, requiring an additional 4,000km of transmission capacity.

Sources: AEMO Integrated System Plan 2024 & SWIS Demand Assessment 2024

11

==> picture [161 x 44] intentionally omitted <==

MARKET

Australia is undergoing a renewables step-change

• The National Electricity Market’s (NEM’s) transition to higher renewables continues to occur at pace. Actual installed renewable capacity is tracking above the fastest Step Change scenario originally envisioned in the 2020 Integrated System Plan (ISP)*.

• The ISP requires building close to 10,000 km of new transmission lines and upgrades to existing networks by 2050 to connect new generation across the power system.

• These transmission projects are projected to reduce costs for consumers by delivering benefits that would recoup their $16 billion investment costs, save consumers a further $18.5 billion in avoided costs, and deliver emissions reductions valued at $3.3 billion.

==> picture [489 x 154] intentionally omitted <==

==> picture [360 x 198] intentionally omitted <==

Source: AEMO Integrated System Plan 2024

12

*Source: AEMO NEM Engineering Roadmap 2024

==> picture [161 x 44] intentionally omitted <==

MARKET

Industrial Services

Utility Scale Renewable Projects

Industrial Services will expand on the current market offering of BESS to include Wind and Solar EPC Projects.

• Targeting High-Growth Regions: Focus on regions within Australia with strong wind and solar potential, particularly those with existing infrastructure and favorable grid conditions to support project viability.

• :

• Expanding BESS Integration with Renewable Projects Focus on integrating BESS with large-scale wind and solar projects in Australia to provide comprehensive energy solutions that enhance grid stability and maximise renewable energy output.

• Strategic Partnerships : Forge alliances with key technology providers, and delivery partners in the wind and solar sectors to enhance capabilities and ensure successful project delivery.

==> picture [378 x 268] intentionally omitted <==

Source: Clean Energy Council

13

Major Network Upgrade & Maintenance Western Power SWIS Network

• Genus will deliver a major program of maintenance and upgrade works for Western Power, a Western Australian State Government-owned corporation responsible for building, maintaining and operating the South West Interconnecting System (SWIS) electricity network.

• • This program of works extends the Genus relationship with Western Power that has been in place for many years. Genus will provide distribution and transmission overhead maintenance services across Western Power’s network, and the five-year agreement is expected to generate revenue of ~ $50 million in its first year.

Major asset-upgrade, maintenance & reinforcement contracts . Maintaining strong relationships with our Utilities client base

==> picture [162 x 48] intentionally omitted <==

==> picture [89 x 33] intentionally omitted <==

==> picture [96 x 56] intentionally omitted <==

==> picture [129 x 34] intentionally omitted <==

==> picture [111 x 51] intentionally omitted <==

==> picture [82 x 53] intentionally omitted <==

==> picture [94 x 47] intentionally omitted <==

==> picture [109 x 93] intentionally omitted <==

==> picture [138 x 37] intentionally omitted <==

•

•

==> picture [106 x 37] intentionally omitted <==

• Genus successfully delivered key electrical works for Fortescue at the 100MW North Star Junction Solar Farm, 26km west of Iron Bridge.

• The Solar Farm will eliminate up to 180,000 tonnes of carbon dioxide equivalent from Fortescue’s operations annually.

• The facility is part of the Pilbara Generation Project and complements the Pilbara Transmission Project which Genus has been engaged on for a number of years, consisting of over 300km km of high voltage transmission lines connecting Fortescue mine sites.

• Works included

• Supply & installation of Fibre Optic Cable & 33kV hybrid distribution/transmission overhead line, inclusive of drill operations

• Substation modification works

• Installation of Power Conversion Stations and auxiliary equipment

==> picture [161 x 44] 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 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.

18