SSH GROUP LTD — AGM Information 2024

Nov 28, 2024

Annual General Meeting | 2024

Servicing Australia's mining, civil and construction industries.

ABOUT US

SSH Group Ltd is a dynamic and diversified industrial resources provider, listed on the Australian Securities Exchange (ASX: SSH) since September 2021.

We are the power behind our clients' projects, driving success across Australia's mining, civil, and construction industries. Our strength lies in an extensive portfolio of over 300 equipment and machinery assets, allowing us to deliver reliable and scalable solutions.

With a dedicated workforce of over 275 employees and operating from our strategic locations in the Perth and Pilbara region, we are positioned to empower some of Australia's most critical resource regions.

As a founder-led organisation with a strong management team, we bring decades of expertise to every project. Our commitment extends beyond operations as we strive to improve outcomes for Australian projects and communities.

300+ Mining & Civil Assets 275+ Workforce

Our Brands

Servicing Australia's Mining, Civil and Construction Industries.

Pilbara

OUR GROUP STRUCTURE

Board & Executive Team

Non-Executive Chairman | Executive Directors MD / CEO | COO & CFO | Co Sec

Shared Services

Operational Entities

Group Sales Team

Finance Marketing Human Resources HSEQ Administration

SSH Group KMH Bridge Resources

Business Development Sales Staff Account Managers

Clients

Large Resource Projects Mining Companies Infrastructure Projects Civil Companies Construction Companies Industrial Companies

FY24 FULL YEAR HIGHLIGHTS

REVENUE

$40.1m

GROSS MARGIN %

38%

EBITDA

$7.2m

CASH BALANCE AT YEAR END

WORKFORCE

275+

TRIFR

2.4

Full Year Operating Cash Flow Positive Quarter on Quarter

FY24 FINANCIAL PERFORMANCE

	FY24($m %)	FY23($m %)	CHANGE($m %)
Revenue	$40.1m	$41.2m	-$1.1m
Gross Profit	$15.2m	$10.9m	$4.3m
Gross Margin	38%	26%	43%
EBITDA	$7.2m	$3.3m	$3.9m
EBITDA Margin	18%	8%	123%
EBIT	$3.0m	-$0.0m	$3.0m
Profit Before Tax	$0.6m	-$1.8m	$2.4m
Net Profit After Tax	$0.7m	-$1.3m	$2.0m
Cash Holdings at Year End	$2.6m	$2.0m	$0.6m

OPERATIONAL HIGHLIGHTS

Workforce

275+ Engaged over the FY24 period

Asset Utilisation

Focused on increasing long term hires

Cross-Selling Opportunities

At the forefront of our customers' engagement

New Management

Focused on unlocking future mining and civil opportunities

Indigenous Partnership

Embraced by blue chip mining and civil customers

SAFETY AND PEOPLE

Safety & Wellbeing

• TRIFR in FY24, 2.4, (FY23, 2.7)
• Introduction of safety culture app workforce

Physical & Mental Health

• 5x Resources Mind Scholarships completed with Lifeline WA, Chamber of Minerals & Energy (CME) and DMIRS
• Company EAP review delivered favourable results against industry benchmark

Diversity & Inclusion

• 52% Female representation corporate and management
• 13% Female representation entire workforce
• 4% Indigenous representation corporate and management
• 3% Indigenous representation entire workforce

WGEA Reporting

WGEA Report has been lodged and is publicly available on the company website

SUSTAINABILITY HIGHLIGHTS & ROADMAP

FY24 Sustainability Highlights

• Psychosocial risk assessments conducted
• Materiality assessment conducted
• Develop SSH sustainability score card
• Establish our 2-year sustainability roadmap

FY25 Sustainability Roadmap

• Incorporate into existing audit and risk committee charter
• Establish sustainability policy
• Develop sustainability asset mandate
• Measure 1 & 2 GHG emissions and establish reduction actions
• Measure baseline sustainability metrics
• Undertake climate-related risk assessment

OUR OPPORTUNITY TO GROW...

GROWTH SEGMENTS

Mining & Civil Focus

SSH Group is seeking to partner with and unlock mining & civil opportunities throughout Western Australia.

By identifying gaps in the market and creating bespoke service offerings, SSH Group is confident it will unlock greater exposure to this segment.

Existing Services

• Mining & Civil
• Equipment, Transport, Maintenance & Personnel

Potential New Service Offering

• Equipment Sales
• Mining Services Crushing & Screening, Ore Haulage, Workshops
• NPI Construction

OUTLOOK

SSH Group | Outlook

• Maximise cross selling opportunities with existing services and customers
• Key focus on growth in the mining and civil industry
• Project partnerships with miners
• Geographical and service line expansion
• Continue to explore value accretive M&A opportunities
• Strengthen balance sheet and cashflow

An exciting year ahead as we are well positioned to leverage growth opportunities. "

Daniel Cowley-Cooper Managing Director

2024 Annual General Meeting Appendices

OUR JOURNEY

AND BOARD LEADERSHIP CORPORATE SNAPSHOT

ASX Code	SSH
Market Cap*	$5.86m
Shares on Issue	65.9m
Board & Executive Ownership	31%
Top 20 Shareholders	75%

*as of 21 November 2024

Bruce Lane Non – Executive Chairman

BCom, MSc (LBS Sloan Fellow), GAICD 35+ years' experience

Bruce has held leadership roles with a number of ASX-listed companies and significant blue-chip companies in Europe and Australasia.

Daniel Cowley – Cooper Chief Executive Officer & Managing Director

Founder of Site Services Holdings Group of entities 15+ years' experience

Daniel has held senior leadership roles in several Australian businesses, successfully launching new brands and guiding businesses through growth and expansion phases.

Stefan Finney Chief Operating Officer and Executive Director

Executive of Site Services Holdings Group of entities 15+ years' experience

Stefan has been responsible for successfully guiding the development of emerging businesses, and stabilising and expanding operations in large established companies.

Equipment Rental & Transport

• Transport Fleet Hire (LV's & Buses)
• Small Earthmoving Equipment (1T – 15T)
• Road Civil Construction Equipment (15T – 40T)
• Bulk Earthmoving Equipment (40T – 70T)
• Mining Equipment (70T 125T)

Maintenance

• Workshop Mechanical Maintenance & Servicing
• Field Servicing

Personnel

• Production & Equipment Operators
• Maintenance & Service Trades
• Professional & Technical Personnel
• Civil Construction Personnel

Industries

• Mining
• Civil
• Construction

Services

• Temporary Staffing Solutions
• Permanent Placements
• Embedded Resourcing
• Outsourced Staffing Solutions
• Workforce Management

Personnel

• Mining Operations & Production Personnel
• Civil & Infrastructure Construction Personnel
• Professional & Technical Personnel
• Health, Safety, & Emergency Management Personnel
• Maintenance Personnel
• Administration & Support Personnel

Operating Structure

• Project Ownership
• Project Management
• Strategic Partnerships

Civil Services

• Civil Earthworks
• Road Construction & Maintenance
• Mine Rehabilitation

Mining Services

• Mining Studies
• Mining Approvals
• Complete Mine Project Delivery
• Open Pit Mining
• Drill & Blast
• Crushing & Screening
• Load & Haul
• Surface Haulage
• Site Services

UNLOCKING MINING & CIVIL OPPORTUNITIES

STRATEGIC PARTNERSHIPS

Four Hills Services: Evolution to 100% Indigenous Ownership

Four Hills Services has transitioned to a 100% Indigenous-owned and operated business, reflecting the natural progression of its partnership with SSH Group. This milestone showcases effective capability building within the Indigenous business space.

Established in 2023, Four Hills Services delivers a wide range of services across Western Australia, spanning multiple sectors. The company continues to collaborate with SSH Group and other partners, driving quality outcomes for clients and creating positive impacts for Country

DISCLAIMER

SSH Group Ltd | ABN 79 140 110 130

Investor enquiries: investors@sshgroup.com.au

(08) 9463 2463

www.sshgroup.com.au PO Box 189 WELSHPOOL DC 6986