IPD GROUP LTD — Investor Presentation 2025

May 26, 2025

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Bell Potter Emerging Leaders Conference

20 25

Important Notice & Disclaimer

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No Reliance

The information contained in this document is not investment or financial product advice and is not intended to be relied upon as the basis for an investment decision, and is not, and should not be assumed to be, complete. The information provided in this presentation may not be suitable for your specific needs and should not be relied upon by you in substitution for obtaining independent advice.

To the maximum extent permitted by law, neither the Company nor any other party guarantees or makes any representations or warranties, express or implied, as to, or takes responsibility for, the accuracy or reliability of the information contained in this document or as to any other matter, or takes any responsibility for any loss or damage suffered as a result of any inadequacy, incompleteness or inaccuracy in any statement or information in this document including, without limitation, any financial information, any estimate or projections or any other financial information.

Past performance information provided in this document may not be a reliable indication of future performance. No representation is being made that any investment will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided. Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions, and beliefs of the Company. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon.

Forward Looking Statements

This document contains certain forward-looking statements and comments about future events. Forward-looking statements involve known and unknown risks, significant uncertainties, assumptions, contingencies, and other factors, many of which are outside the control of the Company, are subject to change without notice, and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct, and which may cause the actual results or performance of the Company to be materially different from any results or performance expressed or implied by such forward-looking statements. Such forward-looking statements speak only as of the date of this document. Forward looking statements should not be relied on as an indication or guarantee of future performance. No representation, warranty or undertaking is made that any projection, forecast, assumption or estimate contained in this document should or will be achieved. The Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements in this document to reflect any change in expectations in relation to any forward looking statements or any change in events, conditions or circumstances on which any such statement is based.

Miscellaneous

No person, especially those who do not have professional experience in matters relating to investments, may rely on the contents of this document. If you are in any doubt as to the matters contained in this document you should seek independent advice and/or consult your stockbroker, bank manager, solicitor, accountant, or other financial adviser. A number of figures and calculations in this presentation are subject to the effects of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in this presentation. All dollar figures within this document represent Australian Dollars unless otherwise specifically stated.

IPD Group – Bell Potter Emerging Leaders Conference 2025

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Michael Sainsbury Executive Director & CEO

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Agenda

• Who We Are

• What’s Driving Demand

• Our Strategic Advantage

• Financial Performance

• Growth Strategy

• Why Invest in IPD

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Who We Are

IPD Group – Bell Potter Emerging Leaders Conference 2025

About Us

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Our Vision

To help build a future where sustainable electrical infrastructure creates a better life for all.

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Our
Mission
To enhance every aspect of
infrastructure through energy
efficiency, automation and secure
connectivity while prioritising the
safety and wellbeing of people.
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IPD Group – Bell Potter Emerging Leaders Conference 2025

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A Connected Group

Supporting every stage of the electrical value chain.

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Power distribution, energy management and automation product distribution with custom assembly services.

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Specialists in the supply, modification, repair and design of hazardous area electrical equipment.

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Manufacturer and distributor of electrical cables, specialty plugs, couplers, and receptacles for industrial use..

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Complete electrical engineering services for high and low voltage projects, with a focus on EV charging infrastructure.

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IPD Group – Bell Potter Emerging Leaders Conference 2025

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A Snapshot

~8–10% share in Australia’s expanding electrical distribution market.

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+ + + +
350M 600 8000 70
revenue employees customers years
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IPD Group – Bell Potter Emerging Leaders Conference 2025

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Industry Coverage

Diversified exposure unlocks a broad and resilient opportunity set.

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Utilities

Power & Energy Water Wastewater Renewables

Infrastructure

Resources

Iron Ore Roads Precious & Rare Rail Earth Metals Tunnel Gold & Nickel EV Charging Oil & Gas

Construction

Data Centres Commercial Buildings Educational Centres Airports Hospitals Retail Housing

Manufacturing

Food & Beverage Packaging Pharmaceuticals Cement, Plaster & Concrete Petroleum & Chemicals Wood, Timber & Glass Pulp & Paper

IPD Group – Bell Potter Emerging Leaders Conference 2025

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What’s Driving Demand

IPD Group – Bell Potter Emerging Leaders Conference 2025

The Problem We Solve

Enabling the shift to smart energy & digitalisation.

Lagging Behind the Shift

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•
Over $320B in energy investment expected by
2030 (Clean Energy Council).
•
Rising pressure on industry to electrify,
automate, decarbonise, and improve safety
and compliance.
•
Escalating need for sustainable, future-ready
infrastructure to meet regulatory and customer
expectations.
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The Upgrade Challenge

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•
Much of Australia’s infrastructure is aging,
manual, and incompatible with modern energy
systems.
•
Businesses face technical capability gaps in
automation, monitoring, and system
integration.
•
Without the right support, many struggle to
meet compliance and keep pace with demand.
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How We Help Bridge the Gap

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•
IPD Group provides complete support through
products, engineering, and compliance
acting as a trusted partner for industry.
•
We deliver reliable, scalable, and future-ready
solutions through strong global supply
partnerships.
•
Our role is to bridge the gap between outdated
infrastructure and the modern demands of
electrification, safety, and digitalization.
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Our Strategic Advantage

IPD Group – Bell Potter Emerging Leaders Conference 2025

Our Strategic Advantage Built on global partnerships, product flexibility, and technical excellence.

Deep OEM Partnerships

• Trusted relationships with global leaders like ABB and Emerson.

• Long-term pricing stability and supply chain confidence.

• Access to co-developed solutions and hard-to-replicate integration.

Multi-Brand Strategy

• Reduces supply risk and improves lead time flexibility.

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OEM Multi-Brand
Partnerships Strategy
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Resilience, choice, and broader market access.

Global partners, long-term trust, and product access.

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Customer
Centric
Agility
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• Tailors the right solution for each application.

• Strengthens resilience and market coverage.

High-Touch Technical Model

• Design specification and technical advice.

• Engineering and compliance support.

High-Touch Technical Model 0 Engineering expertise, compliance support, and end-to-end service.

• Field and after-sales service throughout the project lifecycle.

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Financial Performance

IPD Group – Bell Potter Emerging Leaders Conference 2025

Consistent Growth with a Scalable Model

Strong product-led performance with margin expansion.

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Revenue EBITDA Dividends
6.4c
6.2c
$23.6m
$22.7m
$290.4m
4.7c
4.6c 4.6c
• Consistent revenue $226.9m
and EBITDA growth. $16.1m
H2
$169.7m $14.3m 3.7c
• A highly product-led $176.8m $13.4m
revenue mix. $116.mH2 $11.3m
• A business model $118.1m $95.1mH2 $8.8m 13.3% 13.4% 13.3%
with scalable
fundamentals and H2 H1 12.3%
margin resilience. $65.m H1 $176.9m 11.9% 12.1%
H1
$120.7m
H1 $110.9m 10.8%
H1 $81.7m
$53.1m
FY21 FY22 FY23 FY24 FY25 H1 FY22 H2 FY22 H1 FY23 H2 FY23 H1 FY24 H2 FY24 H1 FY25 30 Jun 31 Dec 30 Jun 31 Dec 30 Jun 31 Dec
2022 2022 2023 2023 2024 2024
H1 H2 EBITDA EBITDA margin
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IPD Group – Bell Potter Emerging Leaders Conference 2025

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Diversified Revenue

Resilient earnings profile across sectors & technologies.

1H FY25 - Revenue by End Market

1H FY25 - Revenue by Product

Commercial Construction/Buildings - 33% Infrastructure/Industrial/Mining - 22% Data Centres - 15% Water & Waste Water - 13% Power Utilities - 5% Food & Beverage - 3% Residential Construction - 1% Others - 7%

Power Distribution - 36% Cables - 22% Hazardous Area Equipment - 12% Industrial & Motor Control - 10% Automation & Industrial Communications - 8% Services - 7% Power Monitoring - 5%

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Growth Strategy

IPD Group – Bell Potter Emerging Leaders Conference 2025

Our Growth Strategy

Focused on market demand, margin growth, and disciplined acquisitions.

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Organic Growth through Market Demand

Strong tailwinds from electrification, EV infrastructure, grid upgrades and automation continue to drive demand. IPD is well positioned across these sectors, with a diversified portfolio aligned to high-growth applications.

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Market Expansion via Digital & Services

We’re scaling margin through digital transformation, operational efficiency, and higher-value services like certified modifications, IECEx repairs, and engineering support.

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Disciplined M&A Execution

Recent acquisitions like EX Engineering and CMI have delivered strong results through efficient integration into our scalable model. We remain focused on strategic acquisitions that enhance capability, expand market reach, and create long-term shareholder value.

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Long-Term Value Creation

Strong financial performance, disciplined capital management, and ongoing investment in ESG, people, and digital capability underpin our long-term value strategy.

IPD Group – Bell Potter Emerging Leaders Conference 2025

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Why Invest in IPD

IPD Group – Bell Potter Emerging Leaders Conference 2025

Why Invest in IPD

Strong fundamentals, scalable growth, and exposure to structural tailwinds.

Strong recurring demand drivers

IPD is leveraged to the key long term demand themes including electrification, automation, and grid upgrades.

Capital light, cash generative model

Our distribution-led structure delivers high cash conversion and steady margins.

Track record of execution and scalability

Proven performance through earnings growth, M&A integration, and operational leverage.

PositioMa n ufacturinged for structural & Repairs tailwindsManufacturing tailored electrical products with ongoing support to We support major ensure compliance, all in a controlled, high-quality infrastructure projects, production environment. offering a stable and scalable growth profile over time.

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Q&A

IPD Group – Bell Potter Emerging Leaders Conference 2025