Scott Technology Limited — AGM Information 2025

Dec 2, 2025

2 December 2025 Scott Technology Annual Meeting 2025

==> picture [155 x 32] intentionally omitted <==

Chairman’s Address

[Stuart McLauchlan, Chairman and Independent Director]

On behalf of the Board of Directors, I am pleased to welcome you to Scott Technology’s 2025 Annual Shareholders’ Meeting, present the results and highlights of Scott’s financial year. Today, we celebrate the achievements of the past year and share our vision for continued growth and value creation under Scott’s new direction and strategy, Destination 2030.

This year has been a defining one in Scott’s journey. With SCOTT ID25, our inaugural investor day held in Auckland, and now the Annual Shareholders’ Meeting also being hosted here.

Under the leadership of our CEO, Mike Christman, we launched Destination 2030 – a bold five-year step within Scott’s longer-term transformation. It sets our path toward becoming a customer-first organisation, united by one global system, powered by leading-edge technology, and sustained by high-performing teams.

Destination 2030 provides both clarity and ambition, charting our growth to $530 million in revenue by FY30, supported by an EBITDA margin target of 14%.

Its four enablers: Customer First, One Scott, Leading Edge Technology, and High-Performing Teams, all carry clear multi-year milestones.

While that target sits five years out, Destination 2030 is already driving results faster than expected, and Scott’s evolution is unmistakably underway.

Since its internal introduction at Scott’s Half-Year, the Destination 2030 strategy has already begun to transform the business.

The second half of FY25 delivered record earnings, with EBITDA reaching an all-time high of $31.5 million an early sign that this strategy is not just a document, but a catalyst for real performance.

The signs of acceleration are clear - just last month, Scott secured a landmark $44 million deal across two appliance contracts in the Americas.

So, a big congratulations to Mike on an outstanding first year, and to the entire Scott team for bringing this strategy to life.

STRATEGIC CLARITY IS CRITICAL AS WE CONTINUE TO OPERATE IN A NUANCED GLOBAL ENVIRONMENT

At last year’s Annual Shareholder Meeting, I spoke about how Scott is well-positioned to respond to a growing complexity in the global environment.

One year on, that environment remains challenging, and many of the trends I highlighted then are still very much with us today.

The outlook continues to be blurred by uncertainty, but we are seeing some gradual shifts in key global indicators.

• Global inflation is easing, though unevenly across regions, and many economies are still running above their targets

==> picture [155 x 32] intentionally omitted <==

• As a result, interest rates are starting to come down, but remain higher than before the pandemic, with central banks cautious about moving too quickly - and the possibility of additional increases is not completely off the table.

• These conditions mean that economic growth remains modest and uneven, with stronger momentum in some emerging markets while advanced economies expand more slowly.

• At the same time, trade policy uncertainty continues to elevate risk, with the potential for tariff settings to shift sharply if negotiations falter - a reminder that protectionist pressures could re-emerge quickly.

Yet despite this hazy horizon, Scott is demonstrating that it is well-positioned to achieve sustainable, profitable growth.

We are supporting our customers on their journeys to become more competitive as they navigate cost pressures, supply-chain shifts, and ongoing uncertainty.

Our footprint across key markets gives us the agility to support customers wherever they choose to grow, turning re-shoring into opportunity - and as businesses increasingly bring production closer to their core markets, Scott’s automation solutions remain a critical asset in enabling efficient, competitive, safer localised operations.

This year, we also delivered significant innovations, from first-of-type modular automated guided vehicle, NexBot, launched in Chicago, to the best-in-class BladeStop K800 Safety Bandsaw unveiled in Frankfurt.

We also introduced AccuTable to the North American market - already trusted by leading manufacturers across Europe, AccuTable is built to solve some of the toughest challenges facing FMCG producers today: labour shortages, space constraints, complex product lines, and the pressure to increase throughput without adding cost.

Additionally, we have progressed key developments across our lamb and beef modules.

These innovations show that Scott is forging its markets, positioning itself at the forefront of industry, and our customers are noticing. Whatever the future may hold, Scott is working to ensure it is at the forefront of it.

REMAINING AT THE FOREFRONT MEANS THINKING AHEAD

Destination 2030 is about more than hitting financial milestones. It is about how we get there. Embedding Environmental Social and Governance into our strategy ensures that as we grow - toward $530M revenue - we do so in a way that protects people, empowers customers, and supports a more sustainable industrial landscape.

Good governance and responsible business practice remain at the core of Scott’s success. The Board is committed to the highest standards of transparency and accountability, with ESG integration deepening into Destination 2030.

We have now fully integrated the Sustainability Report into the Annual Report, aligning with global best practice.

Last year, we set a goal to reduce our Scope 1 and 2 carbon emissions by 30% by 2030, using 2022 as our baseline. From 2022, revenue has grown by nearly 25%, yet emissions have reduced by 9% - an early and encouraging sign that we are beginning to decouple growth from emissions.

This is only the beginning and further initiatives in renewable energy, logistics optimisation, and lifecycle services will accelerate progress. But ESG at Scott is not only about carbon.

==> picture [155 x 32] intentionally omitted <==

Our broader commitments to People, Purpose, and Place extend across our workforce, customers, and industries -these commitments are embedded across our Destination 2030 strategy.

Our people are the foundation of our performance, and ESG reinforces that by ensuring we invest in retention, development, and wellbeing. Through focused training and clear career pathways, we’re equipping our teams with the skills and systems needed for a digital, automated future. At the same time, our safety-first mindset and inclusive culture help create workplaces where people feel secure, valued, and empowered.

This year also brought a sobering reminder of our responsibility. The loss of a dear colleague, Michael Sherry, at our Dunedin site in April 2025 has deeply affected the Scott community. Safety remains our highest priority, and the Board is united in its commitment to ensuring every employee returns home safe and well each day.

As we reflect on both the progress we have made and the responsibilities we hold, it is also important that we maintain disciplined capital management and deliver appropriate returns to our shareholders. With that in mind, I will now turn to our dividend for the year.

DIVIDEND

In line with our commitment to delivering consistent returns to shareholders while supporting reinvestment for long-term growth, we have declared a final dividend of 5.0 cents per share, bringing the full-year total to 8.0 cents for FY25.

OUTLOOK

Looking ahead, we are confident in Scott’s ability to maintain sustainable, profitable growth, bolstered by Destination 2030.

With a forward work pipeline of $169 million, and strong global customer interest across all domains, we are seeing enhanced demand for our market-leading products and solutions.

We enter FY26 with solid momentum, a reflection of both strengthened core capabilities and our focus on new avenues for value creation.

On behalf of the Board, I thank our shareholders for your continued support of the Company, the Board, and Management. I also thank my fellow Directors for their wise counsel and steadfast support.

We have a clear direction with set milestones to unlock future growth and I’m excited to build on this momentum as we move forward together.