VOLT GROUP LIMITED — AGM Information 2026

May 27, 2026

VOLTGROUP

ASX:VPR

AGM PRESENTATION

May 2026

ecoQUIP

4DA

4D DELTA

REMOTE ASSET INSPECTION

WESCONE

ATEN

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VOLTGROUP

Volt Group Proxy Results

(Votes 'M)

	For		Against		Abstain
	Votes	%	Votes	%	Votes	%
RESOLUTION 1 REMUNERATION REPORT	9.53	93.3	0.02	0.2	0.67	6.6
RESOLUTION 2 RE-ELECTION OF MR PETER TORRE AS A DIRECTOR	9.55	93.3	0.02	0.2	0.67	6.6
RESOLUTION 3 ELECTION OF THE HON WILLIAM JOHNSTON AS A DIRECTOR	9.55	93.3	0.02	0.2	0.67	6.6

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Disclaimer

VOLTGROUP

Important notices

This document is for informational purposes only. This document does not constitute or contain an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any security in Volt. This document is not a prospectus, product disclosure statement or other offering document under Australian law or any other law, will not be lodged with the Australian Securities and Investments Commission, and may not be relied upon by any person in connection with an offer or sale of Volt securities. This presentation has been approved for release by the Board of Volt Group Limited.

Summary information

This document contains a summary of information about Volt and its activities that, unless otherwise stated, is current as at the date of this document. The information in this document is general in nature and does not contain all the information which a prospective investor may require in evaluating a possible investment in Volt or that would be required in a prospectus or a product disclosure statement prepared in accordance with the Corporations Act or the securities laws of any other jurisdiction.

No liability

The information contained in this document has been prepared in good faith by Volt, however no guarantee, representation or warranty expressed or implied is or will be made by any person, including Volt and its affiliates and their directors, officers, employees, associates, advisers and agents, as to the accuracy, reliability, correctness, completeness or adequacy of any statements, estimates, options, conclusions or other information contained in this document. No person other than Volt is responsible for the preparation of this document.

To the maximum extent permitted by law, Volt and its affiliates and their directors, officers, employees, associates, advisers and agents each expressly disclaims any and all liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of or reliance on information contained in this document including representations or warranties or in relation to the accuracy or completeness of the information, statements, opinions, forecasts, reports or other matters, express or implied, contained in, arising out of or derived from, or for omissions from, this document including, without limitation, any financial information, any estimates or projections and any other financial information derived therefrom.

Statements in this document are made only as of the date of this document unless otherwise stated and the information in this document remains subject to change without notice. No responsibility or liability is assumed by Volt or any of its affiliates for updating any information in this document or to inform any recipient of any new or more accurate information or any errors or mis-descriptions of which Volt and any of its affiliates or advisers may become aware.

Forward looking statements

Certain information in this document refers to the intentions of Volt, but these are not intended to be forecasts, forward looking statements or statements about the future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of the events in the future are subject to risk, uncertainties and other actions that may cause Volt's actual results, performance or achievements to differ from those referred to in this document. Accordingly, Volt and its

affiliates and their directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of these events referred to in the document will actually occur as contemplated.

Statements contained in this document, including but not limited to those regarding the possible or assumed future costs, performance, dividends, returns, revenue, exchange rates, potential growth of Volt, industry growth or other projections and any estimated company earnings are forward looking statements. Forward-looking statements can generally be identified by the use of words such as 'project', 'foresee', 'plan', 'expect', 'aim', 'intend', 'anticipate', 'believe', 'estimate', 'may', 'should', 'will' or similar expressions. These statements relate to future events and expectations and as such involve known and unknown risks and significant uncertainties, many of which are outside the control of Volt. Actual results, performance, actions and developments of Volt may differ materially from those expressed or implied by the forward-looking statements in this document.

Such forward-looking statements speak only as of the date of this document. There can be no assurance that actual outcomes will not differ materially from these statements. To the maximum extent permitted by law, Volt and any of its affiliates and their directors, officers, employees, agents, associates and advisers:

• disclaim any obligations or undertaking to release any updates or revisions to the information to reflect any change in expectations or assumptions;
• do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the information in this document, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or implied in any forward-looking statement; and
• disclaim all responsibility and liability for these forward-looking statements, including, without limitation, liability for negligence.

Not financial product advice

This document does not constitute financial product advice or take into account your investment objectives, taxation situation, financial situation or needs. This document consists purely of factual information and does not involve or imply a recommendation of a statement of opinion in respect of whether to buy, sell or hold a financial product.

An investment in Volt is considered to be speculative in nature. Before making any investment decision in connection with any acquisition of securities, investors should consult their own legal, tax and/or financial advisers in relation to the information in, and action taken on the basis of, this document.

Acceptance

Each recipient of this document is deemed to have accepted the qualifications, limitations and disclaimers contained herein.

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VOLTGROUP

Corporate & Management

Capital Structure

Shares on issue	163.1M
Options / PRs on issue	16.7M
Market Cap (@ $0.155/Share)	$25.3M
Cash (at 31 May 2026)	$3.1M
Debt (at 31 May 2026)	$0.1M
Enterprise Value	$22.3M

Board

MR ADAM BOYD
Executive Chairman

MR PETER TORRE
Non-Executive Director

HON. BILL JOHNSTON
Non-Executive Director
MR SIMON HIGGINS
Non-Executive Director

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FY25 Snapshot

VOLTGROUP

$

$5.1M

Ordinary Revenue

▼ 8% vs FY24

$

$1.4M

Adj. EBITDA

▼ 17% vs FY24

$

$2.1M

Net Op. Cashflow

▲ 10% vs FY24

$7.25M

4D Delta Acquired

Key FY25 Developments

Financial Results

• Revenue decline reflects Wescone Africa distribution partner transition. MIT sales commenced.
• Adj. EBITDA includes non-recurring costs:
• $0.22M 4D Delta transaction costs
• $0.25M product development costs
• Operating cashflow growth of 10% demonstrates underlying cash generation improvement

Corporate Highlights

• 4D Delta acquisition completed 7 January 2026 inclusive of $4.0M equity capital raising
• 4D Delta: Perth-based digital asset inspection provider to Rio Tinto, BHP, Alcoa, South32 and US cement producers
• 100:1 share consolidation, Hon. Bill Johnston Board Appointment
• Capital Management – Share Buy-Back Program initiated

ec0QUIP

4D DELTA
REMOTE ASSET INSPECTION

WESCONE
ATEN

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FY25 Financial Result Overview

VOLTGROUP

Description	12-months ended 31 December 2025 ($'000)	12-months ended 31 December 2024 ($'000)	Change
Ordinary Revenue	5,101	5,564	(8%)
Other Revenue	338	332	2%
Total Revenue	5,439	5,895	(-8%)
EBITDA	1,348	2,286	(41%)
Adjusted EBITDA#	1,405	1,700	(17%)
Profit Attributable to Members	454	1,352	(66%)
Net Operating Cashflow	2,085	1,902	10%

excluding $0.06 million FY25 non-cash executive option issue expense and $0.59 million FY24 non-cash executive option issue expense reversal.

Context

• Ordinary Revenue impacted by FY25 transition to new Wescone Africa Distribution Partner and Client Maintenance Shut Scheduling
• Adjusted EBITDA was $1.4M impacted by non-recurring costs totaling $0.47M comprising $0.22M 4D Delta transaction costs and $0.25M non-recurring Product Development, BESS, costs
• Underlying cash generation strengthened with 10% growth in net operating cashflow
• 4D Delta acquisition forecast to contribute Revenue / EBITDA FY26 exceeding ~$4.5M / ~$1.5M respectively

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VOLTGROUP

4D DELTA

REMOTE ASSET INSPECTION

DIGITAL ASSET INSPECTION

Powerful insights for asset integrity management across the global resources sector

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4D

4D DELTA REMOTE ASSET INSPECTION

Acquisition Update

VOLTGROUP

$

730

Assets on Platform

▲ 56% YoY

1,968

Total Inspections

▲ 54% YoY

10+

Active Clients

Tier-1 Resources

Integration & Growth

• Integration completed since acquisition completion on 7 January 2026
• Long-term Tier-1 client relationships including Rio Tinto, BHP, Alcoa and South32 driving asset inspection growth
• Repeat asset inspections remain a key contributor to strong total inspections growth
• US market expansion via alliance partner; Wingfield Scale & Measure – signed 2025 (early results with major cement and lime producers)
• WA Goldfields market expansion via alliance partner; Element Geospatial – signed May 2026
• FY26 focus; scale digital asset inspection solutions across Australian and US mining & industrial markets
• FY26 Revenue & EBITDA Budget: $4.2 - $4.7M and $1.3 - $1.6M respectively
• Assessing additional alliance partnerships in priority geographic markets for developed technology solutions

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VOLTGROUP

ectoQUIP

HALF THE COST ZERO DIESEL ALL THE LIGHT

Zero-emission mobile power solutions delivering superior PV performance and 40-50% cost savings across the global resources sector

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ecoQUIP FY25 Highlights

VOLTGROUP

$1.8M

Ordinary Revenue

▲ 6% vs FY24

30

New MSLTs Built

Fleet Expansion

5+

Active Clients

Tier-1 Resources

Operational Highlights

• Consistent MSLT hire revenue achieved from deployed MSLT / MSCTs at Chevron, Thiess & demo deployments
• Demonstration fleet with Thiess Contracting, Westgold Resources, Macmahon Contracting
• MSLT deployment expansion with Westgold underway- Total of ~40x+ MSLT deployment at completion (June / July 2026)
• Completion of BWI capital works projects resulted in ~30x Chevron, Barrow Island MSLT 'Off-Hired' (~20x MSLT fleet remains)
• Sales team capability expansion and related transition advanced – appointment(s) advanced
• Multiple new opportunities engaged

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VOLTGROUP

WESCO NE

WESCO NE

PROPRIETARY

SAMPLE

CRUSHING

SOLUTIONS

The Sample Preparation Global Benchmark

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WESCONE FY25 Highlights

VOLTGROUP

$3.3M
Ordinary Revenue
▼ 14% vs FY24

4
Patent Regions
AU, AF, EU, NA

2-3x
Service Cycle Ext.
High Moisture Prototype Trial

Operational Highlights

• Revenue decline due to exclusive Africa distribution partner transition; new partner MIT now active / secured Anglo vendor status
• High moisture Rio Tinto prototype crusher trial successful: feed moisture spec. increased from 6% to ~10%, patent filed
• Expands W300 serviceable market into high moisture Pilbara ore resources
• North American patent secured for W300 Series 4, completing comprehensive global IP coverage
• Geographical expansion via 'in-country' alliance partnerships – partner identification underway

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VOLTGROUP

ATEN

WASTE HEAT TO POWER

Zero-emission baseload electricity from industrial waste heat, delivering proven cost savings and emissions reductions for power generation and industrial facilities

13

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ATEN FY25 Highlights
VOLTGROUP

20 - 80MW

ATEN Capacity Range

Net ATEN Output

$76/MWh

ATEN LCOE

vs $122/MWh OCGT

~4yrs

CAPEX Payback

Concept Study

Concept Study & Commercialisation

• ATEN Waste Heat to Power System can increase OCGT capacity & generation by 15 – 35%; complementary to solar and wind hybrid networks supported by gas-fired OCGT infrastructure
• Marginal ATEN generation cost: A$25/MWh Vs OCGT A$122/MWh (fuel gas @ $10/GJ). Reduces combined OCGT/ATEN facility generation cost by ~15% (enhancing dispatch priority competitiveness)
• 20MW ATEN – equiv. annual output 60MW PV & 200MWh BESS at ~$170M lower CAPEX (ATEN @94% utilization)
• Concept Study completed for WA Government-owned Synergy; submitted February 2025
• Private Sector OCGT / ATEN Power Station engagement initiated during Q3 FY25
• ATEN complementary to solar and wind hybrid networks supported by gas-fired OCGT infrastructure

ATEN performance capabilities and cost estimates confirmed by feasibility study reports completed by Volt in co-operation with Mitsubishi Heavy Industries, NRW Primero and OCGT historical performance data provided by OCGT OEMs and OCGT power station owners, ATEN Feasibility Studies.

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Volt's medium-term earnings targets

VOLTGROUP

Medium term target to create a +$10m EBITDA proprietary technology equipment and service company to resource and energy markets.

Business Unit	FY26 Revenue	FY26 EBITDA	MT EBITDA	Medium-Term Drivers (2029)
Wescone	3.2 - 3.5	2.3 - 2.6	2.8 - 3.2	Africa Growth / Iron Bridge
EcoQuip	3.6 - 4.0	2.0 - 2.4	3.8 - 4.2	~120 light/comms towers deployed
ATEN	-	(0.1 - 0.2)	1.5 - 2.1	1 x 15MW opportunity
4D Delta	4.2 - 4.7	1.3 - 1.6	2.5 - 3.0	40% revenue growth target
Corporate	-	(1.4 - 1.6)	(2.2 - 2.5)	Sales & management resources
Total	11.0 - 12.2	4.1 - 4.8	8.4 - 10.0

FY26 EBITDA Target

$4.1M - $4.8M

Medium-Term EBITDA Target

$8.4M - $10.0M

Note 1: Normalised EBITDA estimates.

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FY26 So Far: Strong start to the year

VOLTGROUP

Record Q1 revenue receipts and positive operating cashflow, with 4D Delta already contributing

Metric	Q1 FY26 Result
Group ordinary revenue receipts	$3.0M
Growth vs Q1 FY25	+150%
Organic revenue receipts, ex-4D Delta	$1.73M
Organic growth vs Q1 FY25	~45%
Net operating cashflow	$1.1M
Cash at 31 March 2026	$3.6M
FY26 revenue guidance	$11.0M – $12.2M
FY26 EBITDA guidance	$4.1M – $4.8M

Business unit momentum

• 4D Delta: $1.26M Q1 receipts, in line with acquisition forecasts; order book supports H1 targets
• Wescone: $1.26M Q1 receipts, supported by Tier-1 shutdown and maintenance activity
• EcoQuip: $0.47M Q1 receipts, Westgold hire agreement variation signed for expanded MSLT deployment (offset by Chevron 'Off-Hires')
• Group: FY26 revenue and EBITDA forecasts tracking to guidance

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FY26 Key Priorities – Sales Growth

VOLTGROUP

4D Delta Integration

Scaling digital inspection solutions across Australian and US markets; continuing seamless integration

Global Growth

Exploring aligned alliance partnerships in priority geographic markets for all business divisions

Sales & Commercialisation

Shifted focus from development to sales execution; expanded client deployment across all business units

Competitive Advantages

Diversified four-business-unit platform with expanding proprietary technology providing solid margin / scalable revenue and operating leverage

Volt enters FY26 with a strengthened balance sheet, a diversified platform, and a clear growth pathway

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VOLTGROUP

ASX:VPR

voltgroup.com.au

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More Information
VOLTGROUP

Contact

6 Bradford Street, Kewdale WA 6105 | Email: info@voltgroup.com.au | Phone: +61 8 9350 6880

VOLTGROUP
https://voltgroup.com.au/

4DA 4D DELTA
REMOTE ASSET INSPECTION
https://www.4ddelta.com/

ecoQUIP
https://www.ecoquipaustralia.com/

WESCONE
https://wescone.com.au/

ATEN Website coming soon