GENUSPLUS GROUP LTD — Investor Presentation 2024

Feb 11, 2024

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Connecting Part 2 The Future

2024 Outlook | Bell Potter Unearthed 12 February 2024

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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

• FY2024 is a year of pursuing new opportunities while maintaining 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 34% of $444m in FY2023 from

• 22% in FY2022

$444m

34% 3 FY23 of Group Revenue derived from East Revenue Operating Coast Operations Segments

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~835
Employees across
Australia
2.4
TRIFR
@ 30 June 2023
~95
Apprentices, Trainees &
Graduates Nationwide
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Group Snapshot

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MINING
COMMUNICATIONS 37%
14%
POWER INFRASTRUCTURE
36%
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Infrastructure

Revenue FY23

$320m

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

Revenue FY23

$79m

Innovative & fully integrated Electrical & Instrumentation 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

Revenue FY23

$62m

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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Strategy

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The Energy Transition is Gaining Pace

• Australia-wide markets are seeing sustained, unprecedented investment in upgrading power infrastructure. The NEM alone is forecast to need a seven-fold increase in large-scale wind and solar generation by 2050; with associated transmission infrastructure & network upgrades.

• 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 to deliver Transgrid’s Humelink East Project in JV with ACCIONA helping to lead the transition to Australia’s clean future while reinforcing the company’s position on the east coast.

• Awarded Melbourne Renewable Energy Hub 600MW/1600MWh BESS Project in JV with Samsung C&T – fully developed it will be a 2.4GWh BESS; one of the world’s biggest .

• Awarded a contract by ACCIONA Energía for the Aldoga 275kV Solar Farm Substation design and construction works in Queensland – a flagship renewable energy project.

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

• of Australia .

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SHEQ & PEOPLE

SHEQ

• GNP & all 10 x entities triple ISO Management System Certified (45001, 14001 & 9001) with no non-conformances identified.

• Development of Genus Climate Strategy & GHG emissions framework.

	FY23 Target	DEC 21	JUN 22	DEC 22	JUN 23
TRIFR	3.5	3.3	3.6	3.2	2.4
LTIFR	0.0	0.0	0.0	0.0	0.0

• LTIFR at 30 June 2023 was 0.00 VS 0.00 target for FY23.

• TRIFR at 30 June 2023 was 2.4 down from 3.6 at June 2022; VS 3.5 target for FY23.

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People

• Headcount of 835 decreased from 950 at 30 June 2022. Reduction by natural attrition due to major project completions & restructure to streamline business operations.

• 79 Trainees & Apprentices nationally.

• Graduate & vacation student program progressing, with 16 undergraduates/graduates engaged across the Group.

• Formal approval of Reconciliation Action Plan (RAP) – Reflect from Reconciliation Australia.

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MARKET DRIVERS

AEMO*: Australia is accelerating toward net-zero

• With coal expected to retire faster than currently announced, the NEM is forecast to need a seven-fold increase in large-scale wind and solar generation by 2050.

• It also 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.

• The lowest-cost pathway for secure and reliable electricity is from renewable energy, connected by transmission, supported by batteries and pumped hydro, and backed up by flexible gas-powered generation.

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*Source: AEMO Draft Integrated System Plan 2024

Australia’s Energy Networks are Evolving.

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VIC
NSW
QLD
Source: AEMO. Victorian Annual Planning
Report 2022
Source: Future Network Projects, Transgrid.
Transmission Annual Planning Report - October 2022
SA
TAS Source: Queensland Supergrid
Infrastructure Blueprint 2022
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WA
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Connecting the Future – Infrastructure

• The Federal Government $20 billion Rewiring the Nation Plan is designed to ensure

the transmission infrastructure is funded and delivered.

• Replacement dispatchable capacity of 47 GW from battery and hydro storage is

required to firm renewable energy sources as coal-fired generation is phased out by

1. The system currently has 23 GW of coal-fired generation capacity.

2. Queensland’s SuperGrid Infrastructure plan allocates $285 million to develop new backbone transmission that will connect more renewable energy and storage across

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STRATEGY
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the state.

• 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.

• Transmission & Distribution form part of our service offering and will continue to be a major contributor to the coming decades of growth. Genus is well-positioned to deliver.

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Sources: AEMO Integrated System Plan 2022, SWIS Demand Assessment 2023 & Queensland Supergrid Infrastructure Blueprint 2022

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Strategy Update – Industrial Services Utility BESS Projects

• Energy storage installations in Australia will grow from 500 MW to more than 12.8 GW by 2030. Today, Australia makes up less than 3% of the total global installations for battery energy storage and is the seventh largest market globally. By 2030, it is forecast to comprise 7% of global installations and become the third largest market.

• There are currently 33 battery projects under construction (or due to commence soon) around Australia. This is based on projects that have reached financial close and are not yet commissioned.

• These battery storage projects will deliver over $3.2 billion in capital investment and 4594 MW of new energy storage capacity with the ability to discharge 11,588 MWh.

STRATEGY

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Sources: AEMO Integrated System Plan 2022 and Clean Energy Council

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Market Snapshot – Industrial Services

• There are significant opportunities emerging from Australia’s mining,

resources & energy sector especially in the new energy economy.

• Hydrogen, ammonia, and carbon capture & storage (CCS) projects account for $303 billion.

MARKET SNAPSHOT

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• ❖ With this expanded scope, the total value of projects in the

investment pipeline is at $705 billion.

• Gold and LNG Projects are showing significant promise

• ❖ 17 gold projects with annual capacity of about 84 tonnes are at

  • ‘feasibility’ stage.

• ❖ Over $11 billion has been committed to oil & gas/LNG projects.

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Source: Dept of Industry, Science, Energy & Resources

STRATEGY

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Strategy Update – Communications

• Awarded 3 year nbn Master Agreement with 1 year option resulting in Mega Vendor contracts with both Telstra & nbn.

• Telstra Copper Recovery expanding into its second year.

• Telstra Blackspot & Regional Connectivity continues to grow.

• Strengthened strategic partnership with InfraCo and GBS via access Dark Fibre & OFC construction projects.

• Striving towards adding further Telco Reactive and Preventative Maintenance works to portfolio.

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Source: PWC Australian Telecommunications, Media & Technology Outlook 2022

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