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GENUSPLUS GROUP LTD Investor Presentation 2025

Aug 26, 2025

65005_rns_2025-08-26_aef33738-7efa-474b-90b4-cb69e26c3a7c.pdf

Investor Presentation

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FY2025 RESULTS PRESENTATION

For the 12 months ended 30 June 2025

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CONTENTS

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OUR COMPANY
FY2025 Financial Highlights 03
Group Snapshot 04
Segment Highlights 05
Recurring Maintenance & Service Contracts 06
Workforce and Safety Performance 07
FY2026 Outlook 08
Historical Performance 09
Financial Overview 10
Financial Position 11
Cash Flow 12
Segments 13
ADDITIONAL INFORMATION
Corporate Overview 19
Appendix 20

2

FY2025 FINANCIAL HIGHLIGHTS

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Record FY Revenue of $751.3m $ 751.3M Up 36% on PCP Record Normalised FY EBITDA of $67.4m $ 67.4M Up 49% on PCP Record Statutory NPAT of $35.4m Up 84% on PCP $ 35.4M Basic EPS 19.7 cps, Diluted EPS 19.4 cps (based on NPAT) Net cash provided by operating activities of $120.9m $ 120.9M Up 46% on PCP Cash Balance of $160.8m (up $60m) Net Cash of $113m (up $36m) $ 160.8M Acquisitions funded $27.7 million in cash (net of $6.5 million debt) Orderbook of $2 billion (up from $0.5 billion at June 2024) and Forecast FY26 Recurring revenue up circa $ 2.0B 20% (from $311 million actual in FY2025)

3

SEGMENTS & GROUP SNAPSHOT

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INFRASTRUCTURE

Revenue FY25 $415.6m

Up 30.4% on PCP

Bringing together industry-leading expertise and sector experience, we deliver comprehensive services across the entire infrastructure lifecycle. From planning, design, and construction to testing, maintenance, and decommissioning, we provide reliable, future-ready solutions tailored to the evolving needs of infrastructure networks.

ENERGY & ENGINEERING

Formerly Industrial Services

Revenue FY25 $234.5m

Up 53.6% on PCP

We deliver end-to-end Engineering, Procurement, and Construction (EPC) solutions, offering a comprehensive range of in-house design capabilities across communications and energy assets. Our expertise spans from concept and design through to construction and commissioning— ensuring seamless integration, efficiency, and quality in every phase.

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SERVICES

Formerly Communications

Revenue FY25 $123.2m

Up 38.3% on PCP

From constructing state-of-the-art communication networks to asset management on utilities and upgrading existing power infrastructure, our solutions span the asset lifecycle; from feasibility, engineering, design, site acquisition, logistics, procurement, construction, and integration to vegetation management, operations and maintenance.

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Revenue by
State
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1%10%
14%
2%
58%
14%
NSW QLD TAS VIC WA Other
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3.1 TRIFR
@ 30 June 2025
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1,558

Employees across Australia

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4

SEGMENT HIGHLIGHTS

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Genus are proud to report a record-breaking year, achieving exceptionally strong growth across all areas of the business.

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Services

Infrastructure

Energy & Engineering

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

The Services Segment is supported by partnerships with nbn and Telstra to meet rising demand for communications infrastructure.

Awarded a contract by Atmos Renewables to perform the design and construction of the Merredin BESS in Western Australia.

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

New $130m contract awarded by nbnCo to support its upgrade of the remaining FTTN network across Western Australia. Reflects our continued progress toward becoming a nationally-scaled contractor of choice.

Awarded a contract by Alinta Energy to perform the design, supply, construction and commissioning of the Reeves Plains BESS.

Awarded a contract by Western Power for the Clean Energy Link – North Region project

Acquired Partum Engineering and CommTel Network Solutions into the segment to provide a diversified Energy & Engineering segment

Integration of Geographe and Classic Tree Services is underway, with Environmental Services now a strategic service offering within the group.

The acquisition of MGC provides an entry into the high-growth rail sector, enabling Genus to deliver assetcritical services. This addition enhances and aligns closely with our current Infrastructure Segment.

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5

SNAPSHOT – RECURRING MAINTENANCE & SERVICE CONTRACTS

MAINTAINING STRONG RELATIONSHIPS WITH OUR POWER & COMMS UTILITIES CLIENT BASE

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Genus PFA continues to provide Network Asset Inspection and Pole Reinforcement for Energy Queensland, with a Standing Order totaling ~$120M over 4 years.

Services entered into a new $130M contract with nbn® Australia to support its upgrade of the remaining Fibre to the Node (FTTN) network. Genus will provide design and construction services to deploy additional fibre infrastructure to approximately 22,000 properties across Western Australia’s North and South regions.

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Infrastructure will deliver a major program of overhead maintenance and upgrade works for Western Power, awarded under the existing Deed of Standing Offer for Distribution and Transmission assets across the network, with expected revenue of approximately $65 million in FY2026.

MGC has been awarded a multi-year agreement with Arc Infrastructure to support the Level Crossing Upgrade and Renewals Project. MGC will deliver end-to-end design and construction services for significant network upgrades, with an estimated value of approximately $20 million.

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Environmental Services is delivering ~9 multiyear vegetation maintenance contracts for local government authorities and Western Power.

Infrastructure has secured a three-year initial term with Transgrid under the Construction Services Panel Agreement (CSPA),

with potential extensions bringing the total term to five years. The project pipeline includes critical transmission line works, substation packages (both construct-only and full design-andconstruct), and infrastructure upgrades across Class B, C, and D tiers—ranging from $1 million to large-scale projects of up to $500 million.

6

WORKFORCE & SAFETY PERFORMANCE

Sustainability / ESG

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Genus has commenced development of our Climate Transition Plan, capturing data from FY22–FY25 and is on track to be delivered in line with Corporations Act requirements at the end FY26.

Apprentices & Trainees FY21 FY22 FY23 FY24 FY25 TOTAL 41 87 95 89 123

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Injury Statistics

• Total Recordable Injury Frequency Rate (TRIFR) at 30 June 2025 was 3.1

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Workforce Metrics
FY21 FY22 FY23 FY24 FY25
TOTAL 545 950 835 1059 1558
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7

7

FY2026 OUTLOOK

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Strong momentum generated in FY2025, combined with a record orderbook of $2.0 billion (excluding recurring revenue) up from $0.5 billion at June 2024, provides a solid base to support earnings growth in FY2026, with Genus forecasting to deliver 20 - 25% growth in reported normalised EBITDA in FY2026. Recurring revenue in FY2025 of $311 million up 39% and forecast to *grow at circa 20% in FY2026.

A tendered pipeline of $2.4 billion, remains firm despite converting significant tenders to contract awards in FY25. Genus continues to see significant opportunities throughout the Group and are well placed to capitalise on the transition of energy networks and the decarbonisation of the Australian energy industry. Genus will continue to explore M&A opportunities through acquisitions into new geographical locations and service offerings.

Orderbook & Pipeline (A$ millions)

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Note: * The Orderbook includes significant contract awards as announced to the ASX with final contract values estimated based on current expected program, schedule and customer approvals proceeding.

** 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.

8

HISTORICAL PERFORMANCE

Revenue (A$ Millions)

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800
700 751
600
500 551
400
451 444
300
318
200
100 170
99
0
FY19 FY20 FY21 FY22 FY23 FY24 FY25
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Revenue from Recurring works (A$ Millions)

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350
300
311
250 CAGR: 41.4%
200 224
150 170
134
100
50
64
39 44
-
FY19 FY20 FY21 FY22 FY23 FY24 FY25
Notes: 1. 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. CAGR means Compound Average Growth Rate. 2. Note: EBIT-A and
NPAT-A adjust EBIT and NPAT for the amortisation expenses relating to the acquisition of identifiable intangibles. Further details are in the Appendix on page 21.
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Normalised EBITDA & EBIT-A (A$ Millions)

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80.0
70.0
60.0 67.4
50.0 55.5
40.0 45.3
30.0 32.4 35.1 36.8 33.7
20.0 25.0 24.7 24.9
19.6
10.0
12.8 9.3 14.4
0.0
FY19 FY20 FY21 FY22 FY23 FY24 FY25
Normalised EBITDA Normalised EBIT-A
NPAT-A (A$ Millions)²
40
35
36.8
30
25 `
20
21.5
15
15.7
14.6
10 13.3
10.7
5
5.9
0
FY19 FY20 FY21 FY22 FY23 FY24 FY25
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9

FINANCIAL

OVERVIEW

Record Revenue of $751.3 million up 36.3% on pcp. Record Normalised EBITDA $67.4 million up 48.6% on pcp.

Record Statutory NPAT for the year $35.4 million up 83.6% on pcp.

Normalisations:

  • Acquisition legal and advisory costs $1.7 million.

  • EC&M claim net revenue $0.6 million.

Acquisition Amortisation expenses of $2.0 million relate to acquisition of intangibles from Tandem and Pole Foundations Australia (Services segment). The Tandem acquisition has been fully amortised during the year.

Revenue from acquisitions during FY25 of $90.8 million and EBITDA of $7.9 million.

Basic EPS 19.75 cps, up 82.2% and Diluted EPS 19.37 cps, up 82.0%

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Profit & Loss Statement
(A$ millions)
FY2024
FY2025
Change
Revenue
551.2
751.3
+36.3%
Normalised EBITDA
45.3
67.4
+48.6%
Depreciation & amortisation
expenses
(11.6)
(11.9)
Normalised EBIT-A
33.7
55.5
+64.4%
Acquisition amortisation
(3.3)
(2.0)
Normalisations
1
(0.5)
(2.3)
EBIT
30.0
51.2
+70.5%
Statutory NPAT
19.3
35.4
+83.6%
NPAT-A
21.5
36.8
+70.6%
EPS
- Basic
- Diluted
10.84
10.65
19.75
19.37
+82.2%
+82.0%
  1. See reconciliation in the Appendix on page 21 for more information. Due to rounding, the numbers presented may not add.

10

FINANCIAL POSITION

Strong cash balance of $160.8 million, with net cash of $113.5 million (excluding right-of-use asset property lease liabilities of $4.4 million).

Intangible assets increased from provisional accounting relating to the FY25 acquisitions to $68.5 million.

Franking account balance of $32.8 million on 30 June 2025.

Bank guarantee and surety bond facilities of $260 million, up from $210 million on 30 June 2024.

$154.0 million of bank guarantees and surety bonds were on issue on 30 June 2025, leaving headroom of $106.0 million.

FY2025 Fully franked final dividend of 3.6 cents per share or $6.5 million to be paid 31 October 2025.

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Consolidated Statement of
Financial Position(A$ millions)
Jun-24
Jun-25
Cash and cash equivalents
101.0
160.8
Lease liabilities
(19.4)
(37.3)
Financial liabilities
(4.3)
(10.1)
Net Cash
77.3
113.5
Property, plant and equipment
25.4
49.7
Right-of-use assets
28.6
34.3
Financial assets
1.2
0.8
Right of use lease liabilities
(5.5)
(4.4)
Provision for deferred consideration
(0.7)
(11.3)
Tax liabilities
(13.2)
(14.0)
Working capital (excl. Cash)
(21.4)
(77.3)
Net Tangible Assets
91.7
91.3
Intangible assets (net of tax)
29.5
68.5
Net Assets
121.2
159.8

Due to rounding, numbers presented may not add.

11

CASH FLOW SUMMARY

Cash balance at June 2025 $160.8 million (up $59.8 million).

Generated $138.1 million of Free Cash Flow (before Income Tax payments) during FY2025, compared to $93.5 million in the pcp, as the Group maintained its focus on cash generation and optimisation of business operations.

The operating cashflows resulted in a Free Cash Flow to EBITDA conversion rate of 212.3%.

Cash funded acquisitions $27.7 million (net of $6.5 million borrowings).

$29.9 million in Capex (net of disposals) in FY2025 ($17.7 million debt funded).

FY2026 CAPEX forecast to be circa $30 million due to growth capex mainly attributable to HumeLink, TasNetworks NWTD and Western Power CELN projects.

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Consolidated Statement
of Cash Flows(A$ millions)
FY2024
A$M
FY2025
A$M
Net cash provided by operating
activities
82.8
120.9
Net cash (used in) investing activities
(15.8)
(46.4)
Net cash (used in) financing activities
(12.8)
(14.7)
Net change in cash and cash
equivalents held
54.2
59.8
Cash and cash equivalents at
beginning of period
46.7
101.0
Cash and cash equivalents at end of
period
101.0
160.8

Due to rounding, numbers presented may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

12

INFRASTRUCTURE SEGMENT

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Segment Profit & Loss
Statement(A$ millions)
FY2024
FY2025
Revenue
318.6
415.6
Normalised EBITDA
30.6
33.0
Depreciation & amortisation expenses
(7.6)
(9.5)
Normalised EBIT-A
23.0
23.5
Acquisition amortisation
-
-
Normalised EBIT
23.0
23.5
Normalisations
(0.3)
-
EBIT
22.7
23.5

Revenue of $415.6 million, up 30.4% on pcp.

EBITDA of $33.0 million up 7.7% on pcp. EBIT-A of $23.5 million up 2.1% on pcp.

HumeLink – Commenced enabling works.

TasNetworks Limited Notice to Proceed for the North West Transmission Developments (NWTD) project ECI Phase.

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

Awarded a contract by Western Power for the Clean Energy Link – North Region project.

Welcome the addition of rail capability into the segment via the acquisition of MGC Solutions.

FY2025 saw additional training costs incurred in preparation for business scale up and increase in tendering and pre-award costs to support growing orderbook and pipeline.

Due to rounding, numbers presented may not add.

13

Note: Pole inspection and nailing division has been transferred to the Services segment.

INFRASTRUCTURE MARKET DRIVERS THE ENERGY TRANSITION IS GAINING MOMENTUM

The momentum of new energy projects connecting to the National Electricity Market (NEM) continues to build.

In the June 2025 Quarter 60 projects (15.7 GW) received application approval, 37 projects (9.0 GW) were registered, and 29 projects (4.4 GW) reached full output across the NEM.

The projected 10,000km of transmission projects by 2050 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.

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Storage capacity to Grid-scale wind
increase significantly and solar to
increase 7-fold
Batteries, virtual power
plants, pumped hydro
NOW 2030 2050 NOW 2030 2050
3 GW 19 GW 57 GW 19 GW 57 GW 128 GW
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Distributed solar PV to increase 4-fold Rooftop solar, other distributed solar

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NOW 2030 2050
21 GW 36 GW 86 GW
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Electricity consumption from the grid to nearly double

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NOW 2030 2050
174 TWh 202 TWh 313 TWh
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Gas-powered Coal generation generation to increase to be withdrawn While current midCapacity to merit plants will all be retired by: retire within that period

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NOW 2050 2030 2038
11 GW 16 GW 46% 100%
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14

Source: AEMO Integrated System Plan 2024 | AEMO NEM Engineering Roadmap 2024 | AEMO Connections Scorecard February 2025

ENERGY & ENGINEERING SEGMENT

Revenue of $234.5 million, up 53.6% on pcp. EBITDA $19.9 million up 144.1% on pcp. EBIT-A of $18.9 million up 144.3% on pcp.

The Energy & Engineering segment has delivered another excellent result and is well placed to capitalise on future opportunities, particularly in the renewable energy sector.

Awarded a contract by Atmos Renewables to perform the design and construction of the Merredin BESS.

Awarded a contract by Alinta Energy to perform the design, supply, construction and commissioning of the Reeves Plains BESS.

Acquired Partum Engineering and CommTel Network Solutions into the segment to provide a rounded Energy & Engineering segment.

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Segment Profit & Loss
Statement(A$ millions)
FY2024
FY2025
Revenue
152.6
234.5
Normalised EBITDA
8.1
19.9
Depreciation & amortisation expenses
(0.4)
(1.0)
Normalised EBIT-A
7.7
18.9
Acquisition amortisation
-
-
Normalised EBIT
7.7
18.9
Normalisations
(0.2)
-
EBIT
7.6
18.9

Due to rounding, numbers presented may not add.

Note Energy & Engineering was formerly the Industrial Services segment

15

ENERGY & ENGINEERING STRATEGY UPDATE

Renewable energy penetration by state as proportion of generation

Capitalising on Market Growth:

Leveraging the rapid expansion of the energy sector by aligning our capabilities and resources to meet increasing demand. Through targeted investment and strategic workforce expansion, we are strengthening our position as a leading provider of EPC, engineering services, remote monitoring solutions, and operations & maintenance in the Utility and energy market.

Strong Client Partnerships & Value Creation:

By building strong relationships and consistently delivering value, we are proud to work with a growing number of return clients. Leveraging our capabilities across EPC, engineering services, remote monitoring, and operations & maintenance, we continue to support our clients beyond project delivery.

Proven Execution & Long-Term Value:

With proven execution and a focus on long-term value, we have built strong relationships with return clients who trust us to deliver. Combining EPC expertise with engineering, remote monitoring, and operations & maintenance, we provide lifecycle support that ensures performance, reliability, and sustainable outcomes, strengthening our position as a trusted partner in the renewable energy market.

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QLD
28.8%
WA
38% SA
75.8% NSW
36.3%
VIC
40.2%
TAS
95.5%
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National 40%

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Source: Clean Energy Australia Report 2025

16

SERVICES SEGMENT

Revenue of $123.2 million, up 38.3% on pcp.

Normalised EBITDA of $15.3 million up 207.8% on pcp.

EBIT-A of $13.7 million up 311.6% on pcp.

Significant financial performance improvement in FY2025 from the Communications division.

Awarded a contract with nbn to support its upgrade of the remaining Fibre to the Node (FTTN) network.

Acquired Geographe Tree Services and Classic Tree Services into the segment.

Note: Pole inspection and nailing is included which was previously in the Infrastructure segment .

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Segment Profit & Loss
Statement(A$ millions)
FY2024
FY2025
Revenue
89.1
123.2
Normalised EBITDA
5.0
15.3
Depreciation & amortisation expenses
(1.7)
(1.6)
Normalised EBIT-A
3.3
13.7
Acquisition amortisation
(3.3)
(2.0)
Normalised EBIT
0.1
11.7
Normalisations
(0.8)
-
EBIT
(0.7)
11.7

Due to rounding, numbers presented may not add.

17

SERVICES STRATEGY UPDATE

Telecommuncations Market Outlook

Sector Outlook

Continued growth in Wireless construction for 5G with 6G development underway.

Market disruptors continue to gain traction in private fiber networks.

Expansion of Black Spot and Emergency Wireless construction to meet population growth and increasing data consumption demands.

Increased demand for network maintenance following completion of NBN construction and increased Wireless network coverage.

Increased investment in automation of mining, ports and social infrastructure.

Our strong capabilities in asset and vegetation management continue to drive the growth of our long-term partnerships with Utilities across Australia.

Products and Services Segmentation

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5.…
28.6%
65.5%
Mobile Services ($22.7b) Wired Servces ($9.9b)
Resold Telecommunications ($2.b)
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  • Mobile Services include voice, messaging, and non-messaging data services. This segment is the largest in the Telecommunications Services subdivision.

  • Wired Services encompass fixed-line internet and voice communications.

  • Resold Telecommunications service providers connect customers to wired or wireless networks owned by third parties.

18

Source: IBISWorld

CORPORATE OVERVIEW

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Simon High José Martins
Non-Executive Chairman Non-Executive Director
David Riches Paul Gavazzi
Managing Director/Founder Non-Executive Director
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Share Price History & Shareholder Information

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23 Aug 24 27 Aug 25
Share Price (22 August 2025) A$/sh $2.28 $4.60
Number of Shares M 177.7 180.4
Market Cap A$M $405.2 $829.7
Cash A$M $101.0 $160.8
Debt
(excluding ROU Property Leases A$M $23.7 $47.5
liabilities)
13.7%
52.6%
33.7%
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David Riches & Related entities
Other Top 20
Other Shareholders
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19

APPENDIX

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Reconciliation of Non-IFRS Financial Information

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NOTES:

EBITDA/EBIT-A/NPAT-A are non-IFRS measures that are unaudited but derived from audited 2025 Financial Statements. These measures are presented to provide further insight into GenusPlus Group’s performance.

EBIT-A and NPAT-A are adjusted for Amortisation expense relating to Acquisition of Intangible assets.

Reconciliation of Non-IFRS Financial Information
$ Millions
FY2024
FY2025
Profit for the year (as reported)
19.3
35.4
Add Back Amortisation relating to acquisition intangible assets after tax
2.3
1.4
NPAT-A
21.5
36.8
Add Back:

Acquisition costs
0.2
1.2

Fair value losses on investments/financial assets
0.9
-

ECM net claim (income) costs
(0.6)
0.4

Restructure costs
0.8
-
Normalised Net profit after tax (NPAT-A)
22.8
38.4
Add back tax expense
10.0
18.5
Normalised profit before tax (PBT- A)
32.8
56.8
Add back: Finance (income) costs
1.0
(1.4)
Normalised earnings before interest & tax (EBIT-A)
33.7
55.5
Add back; Depreciation & amortisation expense
(excludingacquisition intangible assets)
11.6
11.9
Normalised earnings before interest, tax, depreciation & amortisation (EBITDA)
45.3
67.4

20

Due to rounding, numbers presented may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

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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