SRG GLOBAL LIMITED — Capital/Financing Update 2024

Apr 17, 2024

18 April 2024

SRG Global Secures $150m of Contracts in the Energy, Resources and Transport sectors across Australia

Highlights:

• SRG Global has secured $150m of contracts across Australia

• Term contracts secured in the energy and resources sectors

• Specialist bridge inspection contract with existing client in the transport sector

• Infrastructure contracts secured with new and existing clients

SRG Global Ltd (‘SRG Global’ or ‘the Company’) (ASX: SRG) is pleased to announce it has been awarded multiple contracts with new and existing clients in the transport, resources and energy sectors across Australia. The value of the new works secured is $150m, which includes:

• Asset integrity and reliability services term contracts with NRG at Gladstone in Queensland (QLD), Dampier Salt at their operations in the Pilbara region of Western Australia (WA), Delta Electricity at Vales Point in New South Wales (NSW), Stanwell assets in QLD and BP at the Kwinana Energy Hub in WA. These term contracts have now commenced and have contract durations ranging between 3 to 5 years;

• Specialist inspection works at the West Gate Bridge in Victoria for the Department of Transport Victoria. Works have commenced with the first phase expected to be completed within 3 months;

• A 3-year term contract with Evolution Mining to provide specialist production drill and blast services and geotechnical maintenance services at the Cowal gold operations in NSW. The contract works have now commenced;

• Infrastructure contract for the construction of a tailings dam at the Pilgangoora mining operation with Pilbara Minerals in WA. The contract commences in April 2024 and is expected to be complete within 14 months; and

• Regional road diversion construction contract for Genesis Minerals within their Leonora Operation in the Goldfields region of WA. The contract commences in April 2024 and is expected to be complete within 4 months.

David Macgeorge, SRG Global Managing Director commented:

“We continue to secure a number of contract wins across Australia in a broad range of sectors with new and existing clients. These contract awards are a further demonstration of our market-leading capabilities as a truly diversified industrial services company.

“I am particularly pleased with the progress of our Asset Care business, comprising of specialist asset monitoring, testing and inspection services which has further enhanced our capability, technology and cross selling opportunities.

“Our overall Company continues to go from strength to strength and is underpinned by a strong growth profile and a recurring earnings base that is moving towards 80% which is in line with SRG Global’s long-term strategy.”

– ENDS –

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CONTACT

Judson Lorkin Group Financial Controller & Company Secretary SRG Global

+61 8 9267 5400

ABOUT SRG GLOBAL

SRG Global is a diversified industrial services company bringing an engineering mindset to deliver critical services for major industry across the entire asset lifecycle of engineer, construct and sustain. The Company has over 3,500 employees across three operating segments of Asset Maintenance, Mining Services and Engineering & Construction. Our vision is to be the most sought-after in what we do through “Making the Complex Simple”. For more information about SRG Global, please click here.

This announcement was authorised for release to ASX by the Managing Director.

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