SRG GLOBAL LIMITED — Investor Presentation 2021

Mar 11, 2021

EUROZ HARTLE YS INVES TOR PRESEN TATION

DAVID MACGEORGE MANAGING DIRECTOR

ABOUT US

WHO WE ARE

We're a global engineering-led specialist asset services, mining services and construction group

OUR OPERATING MODEL

End-to-end solutions across the entire asset lifecycle

OUR VISION

The most sought-after specialist asset services, mining services and construction business

SRG GLOBAL SNAPSHOT

SUMMARY

Shares on Issue	445.8m
Share Price(1)	$0.49
Market Capitalisation(1)	$218m
Net Assets	$223m
Note: (1) Share price and market capitalisation as at 2 March 2021

SUBSTANTIAL HOLDERS

Perennial Value Investment	11.6%
Mitsubishi UFG Financial Group, Inc	8.5%
Board and Management	12.1%

Source: Latest ASX announcements & Company share registry

3

• Revenue Up 6% to $283m (from 1H FY20)
• EBITDA Up 32% to $20.5m (from 1H FY20)
• Net Cash Improved to $5.3m (from Net Debt of $8.4m as at 30 June 2020)
• Fully Franked Dividend Doubled to 1 cent per share in 1H FY21 (from 1H FY20)
• $750m of Contract Wins announced since 1 July 2020 with repeat / targeted clients
• Record $1b Work in Hand, Up 41% as at 31 December 2020 (from 30 June 2020)
• Well Funded for Growth available funds of $82m plus undrawn $26.5m equipment finance facility
• Two Thirds Annuity Earnings Profile in FY21 and beyond
• Upgraded FY21 EBITDA Guidance to $45m $47m (up from $42m $45m)

"Continuing to transition the business mix towards annuity earnings"

GROWTH

Step change growth in recurring Asset Services

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Innovation and selective growth in Mining Services

Targeted growth in specialist Civil Infrastructure Construction

Specialist services and products in Building Construction with key repeat clients

Two thirds annuity / recurring and one third project-based earnings

LEADERSHIP

Zero Harm / ESG industry leader and recognised employer of choice

Key partner of choice in our specialised core markets with core clients

Consistent, above market shareholder returns (EPS and TSR)

Selective strategic acquisitions to complement capability / footprint

Two thirds annuity / recurring and one third project-based earnings

MINING SERVICES IN ACTION

Saracen / Northern Star 5 Year Term Contract Production Drill & Blast Services "New Blue-Chip Client"

Kalgoorlie Super Pit 5 Year Term Contract

Specialist Geotech Services "25 year history on site"

Innovation Semi Autonomous Drilling Data Analytics "Innovation and Technology"

CONSTRUCTION IN ACTION

Fairbairn Dam Sunwater, Queensland Specialist Dam Anchoring "Water Infrastructure"

Infinity Bridge Dubai Road Transport Authority Specialist Bridge Construction "Transport Infrastructure"

Elizabeth Quay Multiplex / D&C Corporation Specialist Facades and Structures "Commercial / Mixed Use"

Operating Segment Outlook

• Asset Services delivering step change growth in diverse sectors with blue-chip clients
• Mining Services operating in high demand, high quality growth commodities
• Construction positively linked to Government Infrastructure stimulus programs
• International focus on Specialist Civil Engineering opportunities Dams / Bridges / Tanks

Business Outlook

• FY21 EBITDA Guidance range upgraded to $45m $47m (up from $42m $45m)
• Record Work in Hand of $1b with an Opportunity Pipeline of $6b
• Strong liquidity / balance sheet position to support growth working capital requirements
• Earnings profile of two thirds annuity earnings in FY21 and beyond
• Continued execution of a clear strategy and well positioned for long term sustainable growth

INVESTMENT PROPOSITION

End-to-end asset lifecycle capability

Diverse market sectors / geographies

Annuity earnings profile

Strong growth outlook

Attractive valuation multiples

Dividend yield stock