SSH GROUP LTD — Investor Presentation 2023

Aug 29, 2023

FY23 Results Presentation SSH Group Ltd | 30th August 2023

Who we are What we do Our purpose

We are an industrial company that owns a portfolio of complimentary service businesses.

We build and acquire quality businesses that are scalable and demonstrate strong potential for high return on investment.

To improve outcomes for Australian projects and communities.

Introducing SSH Group

Machinery Hire Fleet Hire Indigenous Partnership

SSH Group | Our Businesses

Tru Fleet launch

Bridge Resources rebrand

Four Hills Services

Our Journey

Our Profile Today

• Increase in gross margin and EBITDA driven by the introduction of equipment hire services • Repositioned recruitment and workforce management for operational efficencies and growth

FY23 Financial Performance

*Calculated as operating cashflow over EBITDA

A pivotal year as the Group proactively broadened its service offerings and transitioned to higher margin markets

FY23 Financial Growth

EBITDA $ Qtr on Qtr

EBITDA Margin % Qtr on Qtr

Gross margin had growth of 118% on prior year and EBITDA improved by $4.0m, driven by transitioning into high margin markets.

Addressable Market

1. Current services aligned with 69.6% of market. Australia Industry (ANZSIC) Report N7212/ Administrative and Support Services - Temporary Staff Services in Australia - March 2022

2 . Current services aligned with 26.8% of market. Australia Industry (ANZSIC) Report O7712/Public Administration and Safety - Investigation and Security Services in Australia - April 2022

1. Current services $1.8b aligned with 20.9% of market. Australia Industry (ANZSIC) Report 7712/Public Administration and Safetv - Investigation and Security Services in Australia - April 2022

2. Current services aligned with 14% of market. Australia Industry (ANZSIC) Report N/212/Administrative and Support Services - Temporary Staff Services in Australia - March 2022

Recruitment & Workforce Management 1

82.3%

$0.4b Fleet Vehicle Hire 4

$1.8b Machinery Hire 3

$3.0b Safety & Security 2

Leverage our Divisional Strengths

• Customers with long term recurring work
• Limited exposure to Lump Sum contract risk
• Pricing models with annual rise and fall mechanism

Operational Focus Areas

• Maximise cross selling opportunities
• Increase customer retention and engagement
• Industry experienced leadership driving growth
  • Increase operational excellence
  • Continuous improvement on workplace safety and risk management
    • Ongoing cost efficiency reviews
      • Leverage asset utilisation

Organic Growth

• Increased asset utilisation
• Geographical expansion
• Increased service offerings
• Increased penetration of services per customer

Acquisition Growth

• Scalable targets
• Strong management and leadership
• Synergies with the portfolio of the Group
• Defendable market share
• Growth markets

Financial Focus Areas

• Increase free cash flow from operations
• Strengthen capital and financial management discipline
• Continue to improve gross margin and cost effectiveness
  • Reduce net debt to EBITDA

Our Strategy

Horizon 1 (years 1-2)

Our Strategic Horizons

• Entered equipment hire industries

• Moved into higher margin services

• Restructured the Group for improved efficency and ready for growth.

• Maximise cross selling opportunities

• Strengthen balance sheet

• Consolidate growth in gross margin and achieve positive free cashflow

• Continue to explore M&A opportunities

• Geographical and service line expansion

• Geographical and service line expansion

• Value accretive M&A opportunities

• Target Group EBITDA Margin of 15%

Horizon 2 (years 3-4)

Investment Proposition

Founder led organisation

Large addressable markets

Strong and growing sectors with committed capital and project pipeline

Opportunity to broaden services

Geographical expansion potential in WA and interstate

Shares Market Cap Ownership by Top 20 shareholders

(total shares on issue: 65,399,853) as at 29th August 2023 Board and Executive

Opportunity to cross-sell services within existing customer base

Leadership Team

Bruce Lane

Non-Executive Chairman

Daniel Cowley-Cooper

Managing Director and CEO

Founder of Site Services Holdings Group, which was the predecessor for SSH Group.

In response to clients' rapidly growing and changing needs, he successfully built and managed a workforce of 1,000+.

Daniel is an agile leader, who is adept at problem solving and identifying value creating opportunities.

Proven capability in mergers & acquisitions, startups, and ASX IPO.

Previous leadership roles in several ASX listed companies and significant blue-chip companies in Europe and Australasia.

20 years+ corporate governance experience in a range of industries.

Proven capability with business and asset acquisitions for ASX listed companies.

Strong private & public capital raisings including IPOs, secondary market capital raisings, mergers and RTOs via the ASX.

Part of the leadership team that grew and managed Site Services Holdings Group to a workforce of 1,000+.

Stefan brings ASX 100 mining experience where he was responsible for developing workforce capability for large scale construction and mining projects.

Strong experience with mergers & acquisition aggregation and delivering on business performance improvement.

A Chartered Accountant with financial leadership experience from sectors such as construction, mining, agriculture and property.

With 6 years in the role of CFO for ASX listed companies, Matthew brings expertise in the negotiation of debt and financing facilities.

As a strong leader of finance teams, he is focused on cost effectiveness and leading transformational change.

Stefan Finney

Executive Director and COO

Matthew Thomson

Chief Financial Officer

Divisional Highlights | Recruitment & Workforce Management

Core Services and Focus Markets

FY23 in Review

Outlook

• Resourcing
• Recruitment

• Workforce management

• Construction, Resources, Security

• Rebranded as Bridge Resources.

• Restructured to incorporate SSH Group Safety.

• Engaged senior industry experienced leadership to drive future growth.

• Significant growth underpinned by the strong pipeline of projects in the construction, resource, and energy markets.

• Core focus to drive operational excellence to continue building strong customer engagement.

Divisional Highlights | Machinery Hire

Core Services and Focus Markets

FY23 in Review

Outlook

• Earthmoving equipment and machinery hire

• Construction in Infrastructure, Civil and Rail, and Resources

• Successfully integrated KMH into the SSH Group.

• Implemented asset data analysis across the fleet of hire assets, to enable data-driven decision-making, and improved hire asset performance.

• Rebranded and modernised KMH's identity and enhanced the brand's awareness and recognition in the target markets.

• The Machinery Hire Division delivered a strong EBITDA result, which was effectively a 20.7% first year return on the acquisition investment.

• Focus on larger and longer term hire clients.

• Focus on increased asset utilisation and operational efficiencies via longer-term hires.

• A continuing emphasis on delivering improved free cash flow.

Divisional Highlights | Fleet Hire

Core Services and Focus Markets

FY23 in Review

Outlook

• Site ready light vehicle and truck hire

• Construction in Infrastructure, Civil and Rail, and Resources

• Launched Tru Fleet as an internal SSH Group business startup.

• Deployed fleet assets to Western Australia, New South Wales, and Queensland.

• First year EBITDA provides 121% return on capital invested.

• Introduced light trucks into the range of fleet assets.

• Continue to increase asset utilisation through long term contract hire.

• Focus in FY24 is to improve the Division's debt-to-equity position and free cash flow.

Divisional Highlights | Indigenous Partnership

FY23 in Review

Outlook

• Four Hills Services partnership established to fuse the strengths and expertise of both entities.

• Achieved Supply Nation certification—an endorsement of the Group's dedication to collaborating with

• Indigenous businesses.

• Partnership generated SSH revenue in its first four months, which has supported SSH's growth in FY23.

• Targeting growth— firmly rooted by the strong demand of Four Hills specialised services.

• Self-sustaining partnership
• new service offerings.

• Growth opportunities exist through the evolution of existing service lines and the potential of

Disclaimer

FUTURE PERFORMANCE

Past performance information in this presentation is for illustrative purposes only and should not be relied upon as, and is not an indication of future performance. This presentation may include 'forward-looking statements'. Such statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied in such statements. Actual results, performance, or achievements may vary materially from any projections and forward looking statements, or the assumptions on which those statements are based.

NO WARRANTY IMPLIED

No representation or warranty, express or implied is made as to the fairness, accuracy, completeness, or correctness of the information, opinions, and conclusions contained in this presentation. SSH Group assumes no obligation to update any person regarding any inaccuracy, omission, or change in this presentation. To the maximum extent permitted by law, none of SSH Group, their respective related bodies corporates, shareholders, directors, officers, employees, agents, or advisors, nor any other person accepts any liability, including, without limitation, any liability for any loss arising from the use of information contained in this presentation.

SUMMARY INFORMATION

This presentation has been prepared by SSH Group Ltd to provide summary information about SSH Group. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. This presentation is in summary form, is of a general background nature, and does not purport to be complete. This presentation should be read in conjunction with the FY23 Annual Report, together with any announcements made by SSH Group Ltd in accordance with its continuous disclosure obligations arising under the Corporations Act 2001 and ASX Listing Rules.

ONGOING ACCURACY

SSH Group is not obliged to, and does not represent that it will update the presentation for future developments. References in this report to a 'year' are to the financial year ended 30 June 2023 (previous corresponding period 30 June 2022) unless otherwise stated. Totals may not add up precisely due to immaterial rounding. All currency figures are in Australian dollars unless otherwise stated. This presentation is not, and does not constitute an offer to sell, or the solicitation, invitation, or recommendation to purchase any securities. Neither this presentation nor anything contained in it forms the basis of any contract or commitment.

Invested in the success of Australia.

SSH Group Ltd – Corporate Office

T: 1300 748 373

E: investors@sshgroup.com.au

A: Level 2, 10 Ord St, West Perth WA 6005